Why I keep coming back to $HOME
I’ve been looking at $HOME again, and honestly, I think people are looking at the wrong thing.
A lot of crypto discussions start and end with the chart. Green candle = good. Red candle = dead. Then somebody throws out a price target and everyone starts arguing.
I’m more interested in what the token is actually connected to.
That’s why Defi App has my attention.
The basic idea is pretty simple: put a bunch of DeFi stuff in one place instead of making users jump between wallets, chains, bridges and different gas tokens every five minutes.
Defi App currently supports EVM chains and Solana, with cross-chain swaps, self-custody, trading, yield products and other DeFi tools inside the same interface. The app also handles the gas abstraction in the background, which is one of those things you don’t appreciate until you’ve used enough DeFi to get annoyed by it. (defi.app)
And this is where I think home becomes interesting.
The token isn’t just sitting there with a logo attached to it.
home is used for gas abstraction, staking, XP boosts and governance. Staking can currently give users XP multipliers ranging from 1.5x for three months to 3x for twelve months. That’s a very different proposition from buying a token simply because somebody on X said it’s going to moon. (docs.defi.app)
There are also some numbers here that I think deserve more attention.
The total supply is 10 billion $HOME.
The current circulating supply is around 4.3 billion. At the moment, HOME is trading around $0.009, so we’re still talking about a relatively small market compared with the size of the broader crypto market. (Binance Academy)
Now let’s talk about my favourite number:
$0.05.
I’ve said before that I think home can reach $0.05, and I’m still standing by that view.
At $0.05, 10 billion tokens would represent a fully diluted valuation of about $500 million.
Using roughly 4.3 billion circulating tokens, the circulating market value at that price would be around $215 million, assuming the circulating supply didn’t change.
When I actually put the numbers like that, $0.05 doesn’t look like some completely ridiculous fantasy target to me.
It’s still a big move from here. Obviously.
But crypto has plenty of projects with valuations far above that, while some of them have considerably less obvious product utility.
And that’s the part I keep coming back to.
I don’t need to become the next Ethereum.
I don’t even need Defi App to replace every exchange.
I want to see whether people actually start using the product.
Because if usage grows, the token economics become much more interesting.
Defi App’s documentation says $HOME is integrated into gas abstraction, meaning users can transact without holding the native gas token for every supported chain. The project says its treasury can purchase HOME at market rates and use it to subsidize gas, creating a direct connection between platform activity and the token. (docs.defi.app)
There is also a fee-based flywheel described by the project.
According to the current tokenomics documentation, 80% of net fee revenue after operational costs is intended to be used to buy and hold HOME in the DAO treasury, although the mechanism is subject to governance conditions and can pause if the treasury falls below the stated operating threshold. (docs.defi.app)
That doesn’t mean “price guaranteed to go up.”
Nothing in crypto works like that.
But it does give me something concrete to watch.
Usage.
Fees.
Users.
Staking.
Token demand.
That’s much more interesting to me than somebody posting a rocket emoji and calling it research.
There’s another thing I like about the token distribution.
The official tokenomics show 47% allocated to Community & Ecosystem, with 20% for core contributors, 10% early backers, 10% foundation, 8% protocol development and 5% liquidity and launch. The allocations also have different vesting schedules, so supply entering the market is something I would keep an eye on rather than pretending tokenomics don’t matter. (docs.defi.app)
And yes, that is a risk.
I’m not going to pretend otherwise.
Unlocks can create selling pressure. Crypto markets can destroy a good thesis with bad timing. Adoption might not happen. Competitors can move faster. The product might not reach the number of users people expect.
That’s exactly why I don’t call $0.05 a guarantee.
I call it my target.
If Defi App keeps improving, attracts more users and actually turns the product into something people use regularly, I think the market can eventually start valuing HOME very differently from where it is today.
And that’s my whole point.
I’m not interested in because it’s cheap.
I’m interested because there is an actual product behind it, the token has several functions inside that product, and the valuation required for my $0.05 target isn’t some impossible number.
Maybe I’m early.
Maybe I’m wrong.
Maybe something completely different from what I expect.
But for now, I’m sticking with my thesis.
$HOME to $0.05 is still my call.
Now I want to see the product prove me right.
@DefiApp HOME #DeFi #BinanceSquare