100% it will not be less.
15 Aug 2023, 08:41
100% it will not be less. It will be higher (as we have to take in account for the capital injection), with an aim to keep it as close to the same as possible whilst giving as much benefit to current holders in terms of at launch ROI. We won't know exactly the detail until trading is halted as price and LP are interlinked with the launch on ARB. We will not launch with a high MCAP, it does not serve anyone well. Keeping it as close to where we end at BSC halt is a target.
Regardless, the point is a 100x is infinitely more plausible moving forward with this strategy. Increasing adoption and holders is the only real, sustainable solution. This is that path.
Want to take profits? You need a thicker LP to provide liquidity
You don't want price to dump on a small sell? You need a thicker LP to provide liquidity and CEX options to balance and absorb price impact
You want price to increase? You need marketing, cross-project partnerships, Sonar Platform official v1.0 launch, Sonar revenue-generated buyback/burns
You want 100x? You need thousands of new users/buyers, which comes from the aforementioned
Ultimately, you want a 100x, but you NEED a 100x that is backed by real assets not just profits on paper. Think of a coin that has almost no liquidity. You may have 1M USD in profit, but there may be only 100USD in the LP. So you have 1M on paper, but you can literally only receive less than 100USD.
This is the way to real growth. When we 100x, you should be able to take profits and the price keeps going. This is only possible through building the ecosystem, onboarding thousands and millions of users, having consistent PING use, and thus having high levels of trading volume (as will happen with xxx,xxx users+).
And ultimately, it enters a space where price is no longer speculative, but attached to real value. People will need some small USD amount of PING to use the platform. At that point, when there are hundreds of thousands or millions of users, they will be buying YOUR PING not to trade, but to USE. This brings us back to a point where the price is no longer holder vs. holder. You're literally just supplying those who need to use PING to use the service....And even if you're up 1000x, nobody is going to lose money, because they are buying your PING to use the platform.