🔷 Crypto X-Ray #46: $ARB - DAO earns, while holders only get to vote
Arbitrum is a major L2 on Ethereum. Price ~$0.15, market cap ~$1 .03 billion. Gas is paid in ETH, while ARB is a governance token.
Look at the contrast. In the first half of the year, the DAO earned $6.19M in revenue at a market cap of around $1 billion, while holders automatically get nothing. The network processed 478M transactions.
On November 15–16 (trackers disagree on the date), ~92.65M ARB (~$13.9M) will unlock, ~1.34% of the circulating supply: 36.52M for investors, 56.13M for the team and advisors. The initial vesting schedule ends in March 2027, but the DAO can approve additional issuance of up to 2% per year.
I’m waiting for a signal that voting rights will translate into token economics. I’m prepared for a -30% drop (~$0.105). Not for those looking for dividends.
Do you believe in the DAO, or do you think a vote without payouts is worthless? 👇
#CryptoRay #ARB
Arbitrum is a major L2 on Ethereum. Price ~$0.15, market cap ~$1 .03 billion. Gas is paid in ETH, while ARB is a governance token.
Look at the contrast. In the first half of the year, the DAO earned $6.19M in revenue at a market cap of around $1 billion, while holders automatically get nothing. The network processed 478M transactions.
On November 15–16 (trackers disagree on the date), ~92.65M ARB (~$13.9M) will unlock, ~1.34% of the circulating supply: 36.52M for investors, 56.13M for the team and advisors. The initial vesting schedule ends in March 2027, but the DAO can approve additional issuance of up to 2% per year.
I’m waiting for a signal that voting rights will translate into token economics. I’m prepared for a -30% drop (~$0.105). Not for those looking for dividends.
Do you believe in the DAO, or do you think a vote without payouts is worthless? 👇
#CryptoRay #ARB
