For full transparency: I currently hold 650k APAD, which I paired with 8.6k ALPH to earn LP rewards on AYIN. If you buy after reading this article, you are technically buying partially from me, which would increase my total value in ALPH. While I would love for that to happen, I must warn you that investing in crypto carries risks, so it's a decision you need to make for yourself. This is just me sharing my research, not financial advice.
Without further delay, let's dive right in.
150,000 APAD Whitelist Price: 75 ALPH
150,000 APAD Today's Price: 2'022 ALPH (27x)
Yes, you read that correctly. As of now, you'll need 2'022 ALPH to acquire 150'000 APAD. Despite this steep increase, APAD's valuation is still expected to significantly increase in the next two weeks. There are fundamental reasons for this, and I will explain them in detail:
#3 APAD Shortage
It is no secret that AlphBanX will be using AlphPad for their token launch. 2 of the 3 Projects that launched there (AlphagaMarket and AlphNameService) required to stake 150'000 APAD to participate in the IDO round.
I've seen some random discussions in various channels about the whitelist requirements not being announced yet, but that statement could set you back. I'd rather prepare my APAD while I can still afford it, rather than later in which I may not be able to afford.
BY DESIGN, ICO/IDO has a high entry barrier to minimize jeets exposure. Which means, a premium launch like ABX token, would very likely require to stake 150'000 APAD to be part of the whitelist. Some projects might add an extra 10 to 20 whitelist spots for marketing campaigns, but that is not always the case.
You may like or dislike the system, but there is no perfect model. Instead of looking for one, you should focus on planning your approach to get whitelisted if you wanted to participate.
APAD's approach is unique among launchpads. It works well and is quite decentralized, and very popular. In the future, we can expect an additional tiered system, including a 1M APAD Tier.
Moving on...
This upcoming AlphBanX IDO will likely cause some panic among those who don't hold 150k APAD when it's announced. It's estimated that around 350 to 450 wallets will participate in the ICO/IDO round. To calculate this:
At launch...
60 million APAD (60%) was allocated to be in circulation.
20 million APAD (20%) for liquidity.
Right now, there are...
49 million APAD staked in the vault which could translate to 326 wallets; and
16.5 million APAD staked in AYIN POOL which could move at the time of announcement.
However, even if we drain the LP, we could only account for a total of 436 wallets.
Furthermore...
60M APAD / 150'000 APAD = 400 wallets
75M APAD / 150'000 APAD = 500 wallets (however, this is very unlikely.)
80M APAD / 150'000 APAD = 533 wallets (and this is somewhat near zero chance as it needs to drain the entire LP in AYIN.)
This means...
There will be about 350 to 450 wallets that can participate in the IDO, and the rest of the top 5,000 wallets, which all contain at least 1.47k ALPH, will have to buy ABX from the DEX. There is extreme demand for ABX, and if you think there won't be an APAD shortage, you need to reconsider.
For more context, ICO means Initial Coin Offering. IDO means Initial Decentralized Offering. What's the difference? They're the same, it is just that AlphPad expressed that IDO is the more appropriate term, and I completely agree.
#2 DApp Development.
After the ABX launch, another significant development will follow. I have confirmed this with the APAD team but let's wait for the official announcement. And yes, this is a a DApp that Alephium does not have yet. Not excited enough?
#1 Market Dominance
APAD remains the #2 DAPP in the ecosystem. A blue chip. They are continuously improving the launchpad and adding more features. There were even some talks about meme launchpads and new allocation designs. There is a lot in the works. But that's not all; almost everyone wants to partner with AlphPad. And ICYMI, here's what's next:
TL; DR
In conclusion, the next few weeks will be significant for APAD.
The expected AlphBanX IDO and the new feature's launch will likely increase demand and boost APAD's market position.
APAD will stay and will continue expanding and is undeniably Alephium's Blue Chip.
Thanks for joining me. Stay informed, stay updated with the Alephium Gazette. Make sure you're following us for more insights.
I will see you on the next one! 🥂
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