#TermMax @TermMax Tomorrow is TMX TGE. Today, the loudest thing in the community is the airdrop allocation results.
The Allocation Checker has already been opened for confirmation, and the deadline has just passed. Many people checked and exclaimed, “There’s something here,” while others who have been doing content and daily check-ins for the long term were directly judged as zero or extremely low. They’ve started to question the independent allocation of MP points and the anti-sybil rules, calling them opaque. Someone posted that after 140 days of check-ins plus a bunch of badges, they still got 0—so emotions are running high. Others are discussing whether to claim immediately and lock for 3 months to get an 80% bonus, or lock for 6 months to get 180%. If you don’t choose by default, you’re simply put into the longest lock-up—this design is pretty ruthless.
As for fixed-rate lending, TermMax has done a solid job: multi-chain deployment, TVL has already climbed to the 90 million level, real user activity is there, and they’re also pushing RWA and structured products. The product itself isn’t “air.” This point is stronger than a bunch of pure points projects. But airdrop settlement is always the easiest part to go wrong—how to draw the line between real contributors and pure point-farmers, how the rules are made public, and whether there’s an appeals channel. These are what people are talking about the most today.
My take is very direct: TGE itself is not the finish line. The token’s ability to hold up depends on the lock-up ratios and the subsequent governance. There will definitely be near-term selling pressure, but the demand in the fixed-rate lending space is real. If the team can explain the allocation data clearly and reassure the truly long-term builders, the narrative can still move forward. Otherwise, even the best product will be dragged down by community sentiment.
Now we’ll see how it performs after tomorrow’s listing and how the team responds. In this fixed-rate lending business, whether it can truly run comes down to the next few most critical days.
The Allocation Checker has already been opened for confirmation, and the deadline has just passed. Many people checked and exclaimed, “There’s something here,” while others who have been doing content and daily check-ins for the long term were directly judged as zero or extremely low. They’ve started to question the independent allocation of MP points and the anti-sybil rules, calling them opaque. Someone posted that after 140 days of check-ins plus a bunch of badges, they still got 0—so emotions are running high. Others are discussing whether to claim immediately and lock for 3 months to get an 80% bonus, or lock for 6 months to get 180%. If you don’t choose by default, you’re simply put into the longest lock-up—this design is pretty ruthless.
As for fixed-rate lending, TermMax has done a solid job: multi-chain deployment, TVL has already climbed to the 90 million level, real user activity is there, and they’re also pushing RWA and structured products. The product itself isn’t “air.” This point is stronger than a bunch of pure points projects. But airdrop settlement is always the easiest part to go wrong—how to draw the line between real contributors and pure point-farmers, how the rules are made public, and whether there’s an appeals channel. These are what people are talking about the most today.
My take is very direct: TGE itself is not the finish line. The token’s ability to hold up depends on the lock-up ratios and the subsequent governance. There will definitely be near-term selling pressure, but the demand in the fixed-rate lending space is real. If the team can explain the allocation data clearly and reassure the truly long-term builders, the narrative can still move forward. Otherwise, even the best product will be dragged down by community sentiment.
Now we’ll see how it performs after tomorrow’s listing and how the team responds. In this fixed-rate lending business, whether it can truly run comes down to the next few most critical days.
