Argus has fallen from 0.037u to 0.011u, dropping nearly another 20% in a day. It’s the leading token launchpad on the ARC chain. Dachao ran the numbers, and this price still feels a bit high.
This project follows the same model as Pons. The platform makes money by launching tokens and taking a cut of trading fees; the more it earns, the more valuable the token is. It gets the lion’s share of the fees from token launches on the ARC chain.
The problem is that the platform’s revenue has fallen sharply lately. Over the previous month, it averaged 17,000u a day. This past week, it’s been making less than 5,000u a day. Yesterday, it didn’t even reach 3,000u.
Its market cap is now just over 10 million u. At this rate of earnings, it’s more expensive than Pons, which doesn’t quite add up.
So there’s no need to rush in. A further pullback would make for a better entry point. Dachao is watching for below 0.006u.
Exactly when to buy depends on more than just the price. Dachao will keep an eye on the Argus launchpad’s real-time revenue. When revenue stops falling and starts recovering, that’ll be the time to get in.
I’ll post revenue updates here, so just keep an eye on this, guys.
CA: 0xeCe5cA8bf9220718E5727754026757512212cb3c
This project follows the same model as Pons. The platform makes money by launching tokens and taking a cut of trading fees; the more it earns, the more valuable the token is. It gets the lion’s share of the fees from token launches on the ARC chain.
The problem is that the platform’s revenue has fallen sharply lately. Over the previous month, it averaged 17,000u a day. This past week, it’s been making less than 5,000u a day. Yesterday, it didn’t even reach 3,000u.
Its market cap is now just over 10 million u. At this rate of earnings, it’s more expensive than Pons, which doesn’t quite add up.
So there’s no need to rush in. A further pullback would make for a better entry point. Dachao is watching for below 0.006u.
Exactly when to buy depends on more than just the price. Dachao will keep an eye on the Argus launchpad’s real-time revenue. When revenue stops falling and starts recovering, that’ll be the time to get in.
I’ll post revenue updates here, so just keep an eye on this, guys.
CA: 0xeCe5cA8bf9220718E5727754026757512212cb3c
