$PUP to 500M..? 😮💨 https://t.co/ldnvIeaKNZ
$PUP to 500M..? 😮💨 https://t.co/ldnvIeaKNZ
🚨Current Community Situation
@Backpack vs @BasedOneX
Backpack
• Community allocation: 25%
• The core philosophy is that it should be structurally impossible for the team or investors to extract value from retail early.
BasedApp
• Detailed allocation was initially undisclosed, but later revealed.
Allocation details
• Team + VC: 40%
• Season 1: 8%
• Season 2: 8%
• Season 3: 3.5%
(S3 Not included in the TGE😂)
• sudden announcement about enforcing rules against self-referral sybil activity.
Current sentiment
• S1 and S2 participants, as well as $PUP buyers, are facing a high probability of losses.
* Only a small number of early users who received $PUP via airdrop are in profit.
Per 100k XP:
• FDV $50M → $220
• FDV $100M → $440
Due to severely negative community sentiment, they are expected to release another announcement tomorrow.
BasedApp allocation calculation
https://t.co/xr09MPDyAX
Most community users are at a loss
Based on $100M..
Season 1 participants who joined after the $PUP airdrop have a -60% loss
Season 2 >70% loss
$PUP peak buyers 99% loss
Backpack is comparatively better..
🚨Current Community Situation
@Backpack vs @BasedOneX
Backpack
• Community allocation: 25%
• The core philosophy is that it should be structurally impossible for the team or investors to extract value from retail early.
BasedApp
• Detailed allocation was initially undisclosed, but later revealed.
Allocation details
• Team + VC: 40%
• Season 1: 8%
• Season 2: 8%
• Season 3: 3.5%
(S3 Not included in the TGE😂)
• sudden announcement about enforcing rules against self-referral sybil activity.
Current sentiment
• S1 and S2 participants, as well as $PUP buyers, are facing a high probability of losses.
* Only a small number of early users who received $PUP via airdrop are in profit.
Per 100k XP:
• FDV $50M → $220
• FDV $100M → $440
Due to severely negative community sentiment, they are expected to release another announcement tomorrow.