0 reply
26 recasts
26 reactions
Did some math on the ucoming L3 airdrop (trading premarket at $ 0.23)
https://www.gate.io/de/pre-market/L3
Total community allocation: 51% of total supply = 1,699,999,999 L3
Year 1 distribution: 40% of community allocation = 0.40 * 1,699,999,999 = 679,999,999.6 L3
Airdrops & Initial Allocation (unlocked at TGE): 200,000,000 (OG & S1 airdrop) + 50,000,000 (S2 allocation) = 250,000,000 L3
Initial Budget for planned airdrops and incentives (part of community allocation): 25% of total supply = 833,333,333.25 L3
Apparently investors & advisors unlocked tokens in the first year will be zero.
So this gives us total initial free float tokens: 1,083,333,333.25 L3
Given the current token price of $0.23 per L3 token, we can now calculate the initial market capitalization.
Market Cap = Total Free Float Tokens × Token Price
Market Cap = 1,083,333,333.25 × 0.23 =249,166,666.6475
So this gives us an initial market cap of ~$249,166,666
This would put L3 token currently at position #221 based on marketcap 0 reply
0 recast
1 reaction
