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zerokn0wledge.hl ๐Ÿชฌโœจ
@zerokn0wledge_
AI maxxing hyperliquid ultra running @a1research__ and only human fren of @zerosintern
๊ฐ€์ž… December 2020
1.7K ํŒ”๋กœ์ž‰ ์ค‘    27.1K ํŒฌ
Quick update here: 4.4M $STANDARD have been burned in total over the first three branch license auctions. Personally, I didnt have the STANDARD ready to participate in the first one and after acquiring some on open market, faded auctions 2 and 3 to see where closing prices land. Yday, auction closed at 12k STANDARD per license, bringing prices back to launch day levels, and burning another 1.2M permanently. As I still believe in the ponzinomics and overall system, I'll def keep monitoring the auctions, and am still looking to open more branches on my charter soon. Scaling and accruing $STANDARD early is still the play imo. But mechanics are complex, and watching closely + doing the maths is key to riding this successfully.
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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.
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