2021-03-19 17:46:10
Super early project discovery on this one! From one of our favorite incubator, Moonrock Capital. We are excited!
Uniswap Early Calls Access #84 Polkamon
Telegram: @polkamonorg
Introduction:
Polkamon are beautifully animated digital collectibles with varying scarcities. Each Polkamon is backed by a truly unique NFT and can be unpacked with $PMON tokens.
Features:
• Rare NFTs.
• Hyper-deflationary: Each swap & reverse swap burns $PMON, increasing scarcity of the NFTs.
• High liquidity, two-way swapping mechanism between the NFT & $PMON.
• Cross-chain: Polkadot, Ethereum, others.
• Staking
Visit polkamon.com to learn more.
Key metrics:
• Hardcap: $842,750
• Initial circ. supply: 1.8M $PMON
• Initial marketcap: ~$630k (at IDO price $0.35)
• Strategic: $0.20 (20% at TGE, daily vesting over 3 months)
• IDO: $0.35
• Uniswap listing: $0.40
Due diligence:
• We are investors in the strategic round.
• After great success of Polkastarter, Exeedme & Polkamarkets, Moonrock Capital and Morningstar Ventures are incubating Polkamon. (Link)
• The above projects are ranging from 30 to 100x in ROI at IDO price.
• Strong NFT and DeFi narrative trending.
• We like their NFT designs. (Check the website)
• Product launch on parallel with Uniswap listing
• Low marketcap of $630k to start, versus overall proposition & demand of the project.
• Also very low initial fully diluted valution at only $3.5M.
How to participate: As with all Moonrock Capital incubated projects, we suspect Polkastarter IDO to come. But stay tuned at their TG for more info!
Telegram: @polkamonorg
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