Chandan (@chandan20) • Hey
Manager
Publications
- I just voted "Yes ser 🙌" on "Do you like the Snapshot integration with Lenster?" https://snapshot.org/#/yoginth.eth/proposal/0x9287c40edcd68c362c7c4139fe3489bbaaa27cf4de68be5c218a82d0f252e718 #snapshotlabs
- **Lens Creator Bytes**
This week’s guest writer is The Gallery DAO @thegalleryDAO.lens from https://www.thegallerydao.io/
**Q: Tell us about yourself**
We’re a digi/physi global gallery creating disruptive XR experiences.
Part creative studio part social DAO.
**Q: Tell us about your project(s) and what is your mission?**
At Devcon Bogotá we partnered with Lens and Selas studio on a web3 AI tool
featuring local Colombian artists. If you have a .lens handle you can try it out!
We aim to blueprint opportunities for creators to achieve sovereignty and to champion diverse voices. Experiential minting, immersive events, and creator education & development are our main focus areas.
**Q: What excites you about Web3?**
Collaboration and coordination amongst awesome minds people from around the world.
Also the ability for sovereignty for creators and creatives. This foundation will likely result in truly innovative artistic works.
**Q: What tips do you have for aspiring creators in the space?**
It’s early so also try to build something you think could be useful for others like you. The ability for creators to be involved in infrastructure building is a positive byproduct of web2 (access).
**Q: What’s next for you?**
We are planning a large-scale immersive around NFT Paris. A twist on Salon des Refusés, a 19th century art movement. Also thinking about themes for our creative hackathon series Metaversité. The current stand out - how can fashion and music tell collaborative stories in Web3. Follow the journey on Lens and Twitter @thegallerydao
**Image prompt text**
Los Caminantes" by Angélica Olmoz for "Refusés
- Seven Rila Lakes at the foot of Rila Mountain in Bulgaria 🇧🇬
- Happy friday 🩷
A day filled with joy☀️ small pleasures and full of love 🩷
Kisses 🌸🩷💛🩷😘
- White Rabbit
- Built on @memester-xyz.lens
- Handart- peace on canvas
- Let our mind travel through this beautiful universe
- ‘Queen of the Dragons’
- Plants are more courageous than almost all human beings: an orange tree would rather die than produce lemons, whereas instead of dying the average person would rather be someone they are not.
- People who count their chickens before they are hatched act very wisely because chickens run about so absurdly that it's impossible to count them accurately.
- Short cuts make long delays
- If they can get you asking the wrong questions, they don't have to worry about answers.
- Built on @memester-xyz.lens
- Hello #lens friends, let connect. follow me - > i will follow u again ^^
- Built on @memester-xyz.lens
- Built on @memester-xyz.lens
- Out of world
- Too adorable
- Green lush
- Macro beetle
- Macro world
- Macro
- Baby has move
Village baby funny move
- Some times nature seems to be romantic
- Fantasy Art
- Beautiful places straight from dream
- $ARB PRICE SCENARIOS 🦅🔵
Investor price* → Market Cap 85M - ARB $0.07
Pessimistic → Market Cap 360M - ARB $0.30
Moderate → Market Cap 780M - ARB $0.65
Optimistic → Market Cap 1.4B - ARB null.20
Ecstatic 🎉 → Market Cap 3.0B - ARB $2.50
@Arbitrum Thread 🧵 - Let's estimate 🧠
$ARB is launching in 6 days
Snapshot Date: Feb 6th 2023
Many active DeFi got this airdrop (12% of the total supply)
How much could $ARB be worth a few days after launch?
1/18
Arbitrum One is the biggest Ethereum Layer2 blockchain in the space, by TVL and market share
• Market share: 55%
• TVL: $3.7B
2/18
Today we will roughly try to estimate $ARB price valuation a few days after launch - after the dust settles. By using:
• Total & initial circulating supply
• Market Benchmarks
• Percentage airdropped
3/18
TOKENOMICS
• Team & Advisors: 26.94%
• Investors: 17.53%
• Treasury: 42.78%
• Airdrop to users: 11.62%
• Airdrop to Arbitrum DAOs: 1.13%
4/18
TOKEN SUPPLY
• Total supply: 10B tokens (10,000,000,000)
• Circulating supply on 1st day: roughly 1.2B (1,200,000,000)
~12% of total supply
User airdrop is immediately unlocked. It's safe to assume that Airdrop to Arbitrum DAOs will not enter the market right away
5/18
AIRDROP CRITERIA
• Conducting transactions during 2-9 distinct months
• Transaction frequency & interaction (4-100)
• Arbitrum Nova activity: 3-10 transactions
• Bridging to Arbitrum & Arbitrum Nova
• Transaction value: $10k-$250k
• Providing liquidity: $10k-$250k
6/18
🔗 Check your eligibility here: arbitrum.foundation
🚨 Careful with scam links, always get your link from @Arbitrum twitter
Now, let's try to make scenarios for $ARB's price 👇
7/18
FDV AND MARKET CAP MEANING
• Fully Diluted Valuation (FDV) = total supply * token price
• Market cap = circulating supply * token price
With $ARB numbers:
FDV = 10B * token price
Market cap = 1.2B * token price
Token price = ❓
8/18
SPECULATING INVESTOR'S PRICE
According to Crunchbase, Offchain Labs raised 120M.
Investors are getting ~17% of the token supply, which is around 1.7B tokens.
If they bought 1.7B tokens for $120M, then that's around $0.07 per ARB. Pure speculation 👀
9/18
The best benchmarks for $ARB are Optimism and Polygon, but we can also work with other chains. Let's compare:
• Polygon $MATIC
• Optimism $OP
• Fantom $FTM
• Solana $SOL
10/18
Optimism $OP - the 2nd biggest Ethereum L2
• TVL: $950 million (DefiLlama)
• FDV: $10.8 billion
• Market cap: $800 million
If $ARB had this FDV, its price would be ~null.08
11/18
Polygon $MATIC
• TVL: null.05 billion
• FDV: $11.8 billion
• Market cap: $10.7 billion
If $ARB had this FDV, its price would be ~null.18
12/18
Fantom $FTM
• TVL: $445 million
• FDV: null.4 billion
• Market cap: null.2 billion
If $ARB had this FDV, its price would be ~$0.14
13/18
Solana $SOL
• TVL: $245 million
• Market cap: $7.7 billion
• FDV: $10.9 billion
If $ARB had this FDV, its price would be ~null.09
14/18
Summarizing:
• $ARB with the FDV of $OP: null.08
• $ARB with the FDV of $MATIC: null.18
• $ARB with the FDV of $FTM: $0.14
• $ARB with the FDV of $SOL: null.09
15/18
If the market prices ARB at the same level as OP and MATIC (~10B FDV) then token price could be ~null.00
In contrast, for ARB price to be $3.00, its FDV needs to be 3 times the size of OP's.
Yes, Arbitrum has two times Optimism's TVL, but I don't know if that is enough.
16/18
PRICE SCENARIOS
Pessimistic → Market Cap 360M - ARB $0.30
Moderate → Market Cap 780M - ARB $0.65
Optimistic → Market Cap 1.4B - ARB null.20
Ecstatic 🎉 → Market Cap 3.0B - ARB $2.50
17/18
The first hours of trading will probably be a mess, so expect volatility.
These numbers are just a price iteration and comparison to what's already out there. I don't expect them to make sense the first day of trading.
18/18
LIQUIDITY
Remember Optimism partnered with Wintermute for liquidity on $OP launch; we should wait to see how Arbitrum does it. I think they will surely take care of initial liquidity.
At which price would you sell $ARB?
⚡️ Join me on Telegram for lightning-fast alpha notifications: https://t.me/OlimpioAlpha
👥 Also, lots of DeFi and Airdrop talk is going on inside Earndrop's server, join here: https://earndrop.io/discord
- Prank
Cake prank gone wrong
- Let's GHOOOOOOO! We are live on Testnet! 👻 gho.xyz
Stay up to date on all things GHO here (and grab the genesis edition collect!)
- Timepass
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- This is pure fun
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- Cool Place
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- Hehe meme