Today's branch license auctions sold out almost immediately, closing at roughly 12k $STANDARD.
= 1.2M $STANDARD burned forever.
Tomorrow's auction will hence open at almost 24k $STANDARD ($10k rn).
= another 2.4M $STANDARD will be burned forever.
The day after tmrw, the auction will open at 48k $STANDARD ($20k rn).
= yet again burning up to 4.8M $STANDARD forever.
And so on...
That's definitely a very powerful supply sink.
If the hype persists, it will likely remove 0.84% of supply from circulation permanently in just the first 3(!) days alone.
UPDATE: We're at $40m FDV
That means one charter with a single branch rn earns:
636 $STANDARD per day.
= $255 per day
= $7,636 per 30 days
The ponzinomics are real.