Ink (INK)

If you're active in Nado, connect your X to your @nadoHQ account right now.

The first question in mind is will they reward X creators?

Beside the main Points Program, they do have a separate Builder Program (3M points allocated for devs/API users), that's not content creators.

That can be point multipliers, a setup step for future social quests, competitions, or even KYC.

$INK hunters, watch it closely!

$INK now has a market on Polymarket where you can bet on its FDV one day after launch.

Traders are pricing meaningful probability on a >$500M FDV day-one.

>$1B FDV is at 43 cents.

@inkonchain is the L2 powered by Kraken, already live with multiple apps, two flagship products: Nado (perps, incubated by Kraken) and Tydro (lending, also incubated).

Under $1B, INK would trade at a discount compared to other CEX-tokens associated to a chain.

• BNB / BSC → $86B FDV
• CRO / Cronos → $6.8B FDV
• MNT / Mantle → $3.8B FDV
• BGB / Morph → $1.8B FDV
• OKB / X Layer → $1.7B FDV
• GT / GateChain → $847M FDV

Except for BSC and Mantle, most of these chains are dead or very early stage.

True, you could argue these tokens trade as a proxy for the exchange, not the chain. But the same argument works for INK - Kraken.

2nd largest US exchange, $13.3B last valuation, confidentially filed for IPO.

The reason for this discount may be the lack of a clear value-accrual mechanism so far.

Kraken captures the sequencer fees.