Opinion pulled in around $32M in annualized fees, raised $25M, and now distributed tokens at a $450M FDV. 3% of that FDV equals $13.5M in tokens handed out, that $13.5M is based on paper valuation. If the token dumps 30–50% on TGE, the real value of that “distribution” shrinks fast. Meanwhile, the protocol already captured real cash flow from users, investors and TGE.
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$OPN airdrop math 🤡
Opinion pulled in around $32M in annualized fees, raised $25M, and now distributed tokens at a $450M FDV.
3% of that FDV equals $13.5M in tokens handed out,
that $13.5M is based on paper valuation.
If the token dumps 30–50% on TGE, the real value of that “distribution” shrinks fast.
Meanwhile, the protocol already captured real cash flow from users, investors and TGE.