Okay... Let's break down the @SageToLearn launch.
1.1b points were used. That was 17% lower than PokPok the day before but still the 4th highest ever for a Virtuals Genesis launch.
1m Virgen points cost 94 $Virtual (~$113)
Currently trading at $4.9m market cap yielding $320 for ~2.8x
Relative to previous Genesis launches, this was a disappointing launch in terms of the Virgen points used to get this level of allocation.
Sage underperformed Vs PokPok too for those that were looking to play between the two.
For reference on this one;
> 100,000 Virgen points got you a ~$11.3 allocation.
> 10,000 Virgen points got you just over one dollar allocation.
Anchovies are really struggling under the new tokenomics.
Now, without a product to showcase pre-launch, Sage has a lot of potential upside. This is especially the case as it looks to lead the education ACP cluster. We are still very early here!
That's the positive take.
The downside is the avalanche of team tokens unlocking, starting as soon as 22nd September (30 days).
We'll see ~43m unlocked 22nd September and then again on 22nd October.
From 22nd November, when the Investor, Advisor and Team tokens unlock, we'll see over 70m tokens unlocking per month.
Will Sage be able to get from no beta pre-launch, to a working product integrated into ACP and potentially generating revenue, before a significant amount of unlocks occur? That's the million dollar question!
I've decided not to stake my $SAGE at this stage. We'll see what the next three weeks bring before the orange dev lock. That's likely the next decision making point.
How did you find the Sage launch?
What are you doing with your $SAGE?
