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1/ In April 2024, which is in two months, 13% of the $STRK supply will be unlocked for the team and investors.
The vesting schedule is really bad - this bring me back memories of the $ICP situation.
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2/ 3 years ago, $ICP reached 8th in market cap on its launch day.
Along with massive token unlock.
In conclusion, $ICP rekt everyone while VCs dumped on retail.
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3/ Similarities with $ICP:
- Hyped as the next "Big projects"
- Received significant funding
- Bagging from top-tier VCs
- Centralized Tokenomics
- Horrible vesting schedule
Now, let's take a step back for a second.
Do you truly hold such a pessimistic view, anon?
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4/ Almost everybody think that $STRK will be exactly another $ICP, but there are a few key differences:
- $STRK has Low float & High FDV.
- Market conditions are at a three-year high.
- Most ecosystem projects are scheduled to launch in Q1, including mainnet and token…
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5/ My thoughts:
Starknet have 2 months before massive unlock.
Do I think they'll miss their chance to pump and sell more tokens before VCs and investors start their weekly dumps?
It's unlikely.
Despite the negativity sentiment, I'm banking on Starknet cracking the top 20.
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I hope you've found this thread helpful.
Follow me
@layerggofficial
for more.
Like/Repost the quote below if you can:
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@layerggofficial
pretty good thread to read
i remember the day launched $ICP, it was huge but ridiculous fdv😂
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@layerggofficial
Good points. Some more key differences:
- $ICP launched a week before the whole crypto market crashed 50%. In other words, it launched at the end of the bull market. STRK’s timing is 10x better.
- ICP’s initial valuation $50B + FDV for the first few days. It cracked the top 4.…
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@layerggofficial
let's wait fo listing and let's dump this token
#StarknetScam
@starknet
@starknetfndn
@odin_free
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