#termmax Next Tuesday #TermMax $TMX is about to launch. It will most likely offer decent airdrop-yield ("farming" returns), but my personal advice is to take your profits as soon as you receive them and don’t entertain fantasies of long-term holding.
This project is extremely popular in the farming circle. It has rolled out multiple points systems such as XP, AP, and MP, and it has a large user base from early tasks. The whitepaper states that 15% of the token allocation will be used for community incentives, and on TGE day all of it is released immediately. However, the token launch date has been postponed multiple times. It was first previewed for Q3–Q4 last year, then adjusted to this year’s Q2, and has again been delayed to the 25th of this month. Whether the team’s scheduling is trustworthy is therefore worth questioning. Even if the actual airdrop ends up being somewhat reduced, there will still be 3%–5% of tokens that become liquid immediately upon listing. As a lending-type DeFi project, the community user base is the protocol’s core base. If the project over-extracts from participants, it can easily lead to users collectively withdrawing, causing TVL to collapse quickly, and making it difficult for the project to keep running—so the probability of a “complete anti-farming” outcome is not high.
In addition, from the fundamentals, the project’s current valuation is not low. TermMax earns returns by capturing lending spread. Looking at the data on its official website, the overall lending spread is roughly maintained at around 1%. Based on the official disclosed TVL of $90 million, even if all funds fully complete lending, the protocol’s revenue for the entire year would be only about $900,000. Considering both sell-pressure and fundamentals, after listing, it’s suitable to cash out when things are good.
⚠️ Not investment advice; crypto projects carry high risk.
Do you want me to give you a shorter, more concise version suitable for posting directly on Binance Square? @TermMax
This project is extremely popular in the farming circle. It has rolled out multiple points systems such as XP, AP, and MP, and it has a large user base from early tasks. The whitepaper states that 15% of the token allocation will be used for community incentives, and on TGE day all of it is released immediately. However, the token launch date has been postponed multiple times. It was first previewed for Q3–Q4 last year, then adjusted to this year’s Q2, and has again been delayed to the 25th of this month. Whether the team’s scheduling is trustworthy is therefore worth questioning. Even if the actual airdrop ends up being somewhat reduced, there will still be 3%–5% of tokens that become liquid immediately upon listing. As a lending-type DeFi project, the community user base is the protocol’s core base. If the project over-extracts from participants, it can easily lead to users collectively withdrawing, causing TVL to collapse quickly, and making it difficult for the project to keep running—so the probability of a “complete anti-farming” outcome is not high.
In addition, from the fundamentals, the project’s current valuation is not low. TermMax earns returns by capturing lending spread. Looking at the data on its official website, the overall lending spread is roughly maintained at around 1%. Based on the official disclosed TVL of $90 million, even if all funds fully complete lending, the protocol’s revenue for the entire year would be only about $900,000. Considering both sell-pressure and fundamentals, after listing, it’s suitable to cash out when things are good.
⚠️ Not investment advice; crypto projects carry high risk.
Do you want me to give you a shorter, more concise version suitable for posting directly on Binance Square? @TermMax