A competitor's #ANTHROPIC token sale
At a 1.75T valuation, the underwriting fee is 5%. The allocation is small and isn't guaranteed, bringing the cost to 1.83T.
With a 12% underwriting fee, the allocation is larger, bringing the cost to 1.96T.
Even if the valuation drops to 1.5T, the cost would still be 1.56T–168T. At 1.56T, it's still hard to get an allocation—you'd need 1.68T.
Wouldn't it be better to buy pre-market at 1670 (a 1.67T market cap)?
It seems like that's cheaper than this sale no matter how you look at it.
Why participate in the sale?
Of course, I already bought at 1670.
I feel like BG is running these promotions to poach Binance users—offering USDC with even higher APR, and now an ANT token sale.
Surely this won't end with the token trading below its sale price, right?
At a 1.75T valuation, the underwriting fee is 5%. The allocation is small and isn't guaranteed, bringing the cost to 1.83T.
With a 12% underwriting fee, the allocation is larger, bringing the cost to 1.96T.
Even if the valuation drops to 1.5T, the cost would still be 1.56T–168T. At 1.56T, it's still hard to get an allocation—you'd need 1.68T.
Wouldn't it be better to buy pre-market at 1670 (a 1.67T market cap)?
It seems like that's cheaper than this sale no matter how you look at it.
Why participate in the sale?
Of course, I already bought at 1670.
I feel like BG is running these promotions to poach Binance users—offering USDC with even higher APR, and now an ANT token sale.
Surely this won't end with the token trading below its sale price, right?