Are there any friends who haven’t done the #TermMax booster yet?

I recalculated it again. I really don’t think there’s any need to force a rush for this event—if you haven’t done it, you can put it off for now.

1. Right now the pre-market price for TMX is about 0.18U, corresponding to a market cap of 180 million. TermMax’s fundamentals are indeed good, and its fixed-rate borrowing also has its own innovation, but this valuation is already not low.

2. This time a total of 1.7 million TMX are issued. At 0.18U each, the rewards pool is worth about 310,000U. There are already 40,000 people registered. If it eventually reaches 80,000 participants, the per-person reward could be only around 3.8U.

3. The most important point is that it also consumes 2 Alpha points. Those points themselves have a cost, and you also have to complete the tasks. After all the trouble, the final profit might only be a few U.

4. And nobody can be sure what the real price of TMX will be after it lists. The pre-market 0.18U doesn’t mean the price can hold steady through the opening. If it gets dumped right after listing, the rewards will still continue to shrink.

So my stance is very clear:

It’s not that TermMax is bad—it’s that this booster’s cost-performance is too low.

With this time and those points, I’d rather hold them for the next event that’s more worth participating in.

Don’t get excited just because it’s 1.7 million TMX—the size of the rewards pool doesn’t mean it will end up being more for you.

#termmax @TermMax