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POV how to fail a launch by @megaeth
- Oct' 25 Get over $1.6B in deposits for $MEGA sale
- Nov' 25 Get over $600m in $MUSD deposit interest
- Bear market hits do nothing
- Launch MEGA Mainnet in February
- Announce $MEGA TGE after 10 apps launched
- $100 M TVL after 3 months (40x less than Base)
- $MUSD at $60m TVL (10x less than initial demand)
- Mega Vault sitting at a whopping $1m TVL
- 8 out of 10 protocols generate almost 0 revenue
Do you think $2B FDV is justified? Where atm we have projects like $ENA, $AAVE, $ARB, $XPL, and many more still under better valuations 🤔