Two days ago, I mentioned that @AtlantisOnSonic is adding a "mining" mechanism on the basis of "new listing", and the way to release tokens while pricing is indeed a design that can accept liquidity at this stage. At that time, the data was still 2.59 million $S, but now it has been updated to 3.18 million $S and the number of participants has exceeded 900, with a significant increase.
I mentioned at the time that Atlantis had risen to No. 25 in the @KaitoAI Pre-TGE rankings, and today I'm at No. 20. Although the list itself does not mean absolute value, it can continue to rise in a short period of time, indicating that it is indeed forming a certain communication effect and user expectations.
Regarding the token mechanism, I also revisited the details. $AQUA is the main token and can be staked and earn base yields. The $xAQUA after lock-up is a more long-term binding token form, which can not only eat the platform protocol dividends, but also continue to obtain the distribution of cooperative project tokens.
The current $AQUA has a circulating market capitalization of around $1.6 million, and FDV is still significantly lower than @ShadowOnSonic This valuation gap is worth noting in the same on-chain, similarly positioned projects. Coupled with the fact that the launch price of TGE on the day is expected to be 15% higher than it is now, this is also a variable to consider if only from a short-term engagement perspective.
In general, my current judgment on this project has not changed much: the mechanism design is innovative, the utilization rate of funds is relatively reasonable, and whether it can go far in the end depends on the quality of the projects it will introduce in the future. But in the current market rhythm, there is such an opportunity to participate and produce at the same time, which is at least worth paying attention to.
The official event will end tonight, and there is really not much time, so if you are interested, you can take a look at their official website and documentation, don't rush to conclusions, and understand the mechanism first.
$AQUA Farming Fair Launch FINAL countdown. 🚨
900+ UNIQUE participants joined Atlantis! 🔱
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