buying $MULT?
here is my review
multipli is letting me buy at a $100M fdv while the public comes in at $250M
looks like a clean 2.5x on paper (fully unlocked at tge)
on the other hand is a free option for being an orb/crystal holder, this comes with a ridiculous vesting schedule spanning 4 years
receive 23% on tge
endure a one year cliff
and get the balance distributed across 36 months
using my situation as reference:
35,000 tokens in total
8200 tokens distributed on tge
26800 tokens after a 1yr cliff, distro over 3 years
now lets do some maths:
price is $0.01 at $100M fdv, and $0.025 at $250M, meaning MULT total supply is 10 billion
at $100M fdv:
my entire free allos is worth $350
unlock at tge is worth $82
if i choose the sales path, im entitled to a $5k allo
and maxing out my allos at $0.01 gives me 500,000 MULT at tge
but forfeiting the free 35,000 tokens means im effectively paying $5k for an extra 465,000 tokens, which puts my entry to $107.6M fdv
in my situation, the free option looks meh so i am leaning heavily toward buying the full $5k at $100M, skipping anything offered at $250M
only thing im waiting for is the float at tge, cos this atm matters more than the discount, id appreciate a moderate float, hoping for a 15% circ here. 20% or anything in between is decent as well
compare it with the free allocation you’re giving up, then work out which option leaves you better off.
also, it is important to factor in your investment amount before making a decision, compare it with the free allocation you’re giving up, then work out which option leaves you better off
for instance, if i were to invest $100, the free option will be better eventually cos id get $82 allos for free on tge at least
now let's move to the product part a lil bit
multipli has reported about $21.5M in funding with pantera, sequoia, and spartan at the cap table
has $342M in TVL with about 90k users reported by the project
but hold on, defillama records $0 in protocol revenue meaning atm there’s no visible value capture linking that activity to MULT, considerably bearish imo
but if you think it doesn’t matter in the grand scheme of crime pumping, then fvck that
and thanks for playing