Register and share your invite link to earn from video plays and referrals.

Patryk
@Solofunk
Director of Research @serotonin_hq • Prev: @MessariCrypto • Nomad 🌎
Joined August 2015
1.8K Following    5.3K Followers
The market cap of $CREDITSTR by @token_works is now $2.7M, past its launch-day ATH of $2.5M. @jackbutcher keeps cooking. A @Uniswap CCA auction for $BALANCE is ongoing. It will be Jack's first-ever token, tied to his Credits/Statements NFT collection. Launches tomorrow! My initial entries on $CREDITSTR weren't great, but it feels good to have maintained conviction and let the thesis play out. This experiment has been sick. All its iterations have been so novel, plus the art is sick. The flywheel is in full gear, and 43.4% of CREDITSTR supply has been burned, more than any @token_works strategy token! The mechanism @Rhynotic created was a perfect fit.
Show more
Doubled down on $CREDITSTR by @token_works. Market cap is $900k. Treasury holds $850k in ETH + $98k in Credit NFTs. Total value is $948k. $CREDITSTR is trading at 0.95x NAV. Can't help but feel this is underpriced. All Credits are now circulating. There is no more overhang. Floor price is ranging around a healthy $60. CreditStrategy is actively cornering supply and is already the largest holder with 1.25% of all Credits. Even if the floor drops, 89.6% of CreditStrategy's ETH remains to bid it. ETH runway is currently 7.2 days and should last until burning for Statements goes live next week. Only a matter of time before floor price bottoms and the flywheel begins.
Show more