Namada's free market launch: why a fully liquid day-one token was deliberate
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Argues Namada's fully liquid launch was a deliberate design to make non-believers sell at the lowest price and let the community accumulate cheaply. States the author holds the airdrop and bought more after TGE, calling the bottom in.
Key claims
NAM launched fully liquid on day 1 with no lockups
Namada's Phase 5 enables IBC transfers
Namada (built by @heliaxdev, the team behind @anoma) is the universal, multichain privacy layer that Web3 has been lacking. But aside the great tech (which I've covered in the past), there is smth else that you need to understand.
$NAM was a "free market launch". Fully liquid on day 1 and launching heavily undervalued vs. its peers.
While you might hear some airdrop farmers cry about exactly that, this choice was a deliberate one, designed to ensure that non-believers have to sell at the lowest possible price, and that ppl that want to join the community can get in at the cheapest price possible.
Back in 2023 I was part of the early community builder program and have received an airdrop from there.
Still holding.
After TGE, I bought more.
Bottom is in, and now its time for the believers to accumulate.
NFA but DYOR and make sure to check out @Louround_'s breakdown below!
QUOTING @Louround_
A lot of talks recently around @namada and its very unique launch mechanism 👇 I’ve been tracking the @anoma ecosystem since before EthCC 2023, even got myself some nice merch after talking with the team. Namada’s (built by Anoma) Phase 5 (enabling $NAM IBC transfers) is a pivot
A lot of talks recently around @namada and its very unique launch mechanism 👇 I’ve been tracking the @anoma ecosystem since before EthCC 2023, even got myself some nice merch after talking with the team. Namada’s (built by Anoma) Phase 5 (enabling $NAM IBC transfers) is a pivot
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