I'm bullish on
$DRILL mainly because of the tokenomics. Insanely well designed:
-
$DRILL is deflationary. Every rig run carries a ~4.6% house edge in the token's favor. Most similar yield projects inflate the coin to pay you. Linked a tweet.
- The plots are deflationary. Half of your ETH yield is locked until you burn the plot. People will burn to claim it when their yield is high enough to justify doing so. As more plots get burnt, yield per plot also increases, meaning not only is there less plots on the market, but also each plot earns more yield.
- The game generates/encourages swap volume. Most yield projects need outside speculators trading for fees to accrue, and that dries up quickly without catalysts or hype. Playing this requires buying
$DRILL to place rigs, and since there's the house edge, you will run out of
$DRILL over time and need to continuously buy more to keep leveling up your plots and increasing your yield. The 5% swap fee splits 4% to plot holders and 1% to the team. Other projects with similar taxes take a bigger cut or route it to a treasury instead of paying yield.
It's a somewhat fun game to grind because of the different strategies. There's ways for everyone to play. If you're someone with a small port that wants to earn some money, you can farm ores on other people's open plots and sell them on the market. If you have a big portfolio, you can speedrun level 20 plots and maximize your yield early on. If you don't have time to play the game, you can speculate on the coin or leave your own plots open, which means you earn a cut of every rig other people run on your land.
The team already talked about territory wars and further exploration coming, and they've pushed tons of updates already.
Most other yield projects are either super inflationary, rely on volume they struggle to drive, or take too big a cut for themselves. This one fixes all 3 problems and I can see people playing it long-term. Team is also super cracked and easy to bet on.
nitter.net/projectmars_rh/status/…