23 Comments

Thanks for writing this.

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May 24, 2022Liked by Onchain Wizard

Excellent ! Worth the wait.

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May 24, 2022Liked by Onchain Wizard

great write up as usual mate

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author

Appreciate it.

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Unique education. Hyped for discord

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I'd love to see you going deeper on the concept behind Value Accrual for tokens. Always when i touch it it seems kinda blurry. But in sum excellent article and very important topic for future researchers

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author

Deeper in which way?

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Like elaborating better the meaning.

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author

Oh - sure. I can write about it, but in a nutshell its literally earnings made by the protocol being distributed to holders of the token

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Nice work @onchainwizard; Just a correction ...you write there are simply more buyers than sellers is incorrect; There is no such thing as more buyers; Every buy needs a sale otherwise there is no transaction.

-->A price prints (tape/trades) when a buyer and seller meet at the same level.

--> There are simply different price levels at which a buyer and a seller are willing to trade.

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author

That is not how AMMs work. You are thinking of an orderbook model.

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Ahh yes my bad, talking bout AMMs and liq providers

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Good stuff mate. But could you do a post on how to evaluate projects tokenomics on a basic level? Like what to look for in terms of vesting, % on supply for team, private rounds etc. Basically, how to evaluate whats good and what to avoid when looking at tokenomics.

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In the GMX talk it's important to point that the fees from staking GMX are paid in ETH/AVAX so players arent geting diluted for recieving rewards at the same token.

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Amazing bro, please more posts about tokenomics.

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Where can I find all the charts about Users / Marketcap vs Reveue ... on the letter ?

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author

GMX's website has the analytics there. Can also look at Token Terminal, Coingecko and whitepapers for the rest.

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Excellent content as always, congratulations. But in relation to DMX I went to check some information on CoinMarketCap and noticed that this token does not have a Market Cap or Fully Diluted Market Cap. or even information about Circulating Supply. How did you get this analysis? Thanks again for sharing your knowledge.

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author

Coingecko has it. The circulating vs. FDV still has a spread (like 7mm vs. 13mm) but the dilution is in the form of escrowed GMX, which wont all be issued, and takes a long time.

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I really ended up not looking at Coingecko, thank you very much.

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I hope all this effort and us learning on chain wizardy will be relevant and usable for at least few years to come to be able to benefit financially from.

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Excellent piece of info. Thank you very much!

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Excellent as always

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