The biggest lie about the
@namidefi Odyssey campaign is that the reward pool is worth $50,000.
Not because the team hid anything.
Not because the numbers are fake.
But because most people only saw the $50,000 and ignored totally the + sitting right beside it.
I think the actual reward value could range between $150,000 to $250,000+.
No, this isn't misinformation.
Let me prove it to you.
Mere looking at the Nami Odyssey campaign rewards, 10,000 veNAMI has been set asside to participants based on the $5 TGE valuation.
That simplymeans that;
The reward calculation of $50,000 only considered
$NAMI at the TGE price. It did not take into account what happens if the price appreciates after launch.
Now I know what some of you are thinking is
"What if
$NAMI dumps after TGE?"
Well, let me tell you why I don't think that is possible.
The
$NAMI tokenomics by design simply does not leave room for a large amount of liquid NAMI to hit the market and be dumped at launch.
Only about 150,000
$NAMI will be available for trading when the token goes live.
Think about that for a second.
With the very little supply, potentially huge demand, and where could that demand come from?
At launch of the ve(3,3) v4 DeX, I believe many users will want more
$NAMI to lock as veNAMI so that they can participate in voting to capture te juicy early voting rewards and bribes.
Also, others will want
$NAMI for LP positions so that they can farm rewards.
So you have a situation where limited supply is meeting strong demand from different angles.
This is exactly what convinced me to believe that a 3x to 5x move after launch is very realistic.
That is what supports my valuation of $250,000+ for the Odyssey rewards.
Now, let's look at the calculations scenario post TGE value.
Imagine you finish among the top 3 on the leaderboard for sample.
🏆 1st Place
1,000 veNAMI = $5,000 at TGE
🥈 2nd Place
650 veNAMI = $3,250 at TGE
🥉 3rd Place
450 veNAMI = $2,250 at TGE
Looks good already, right?
Now imagine
$NAMI does a 5x after launch.
Those rewards become:
🏆 1st Place
1,000 veNAMI = $25,000
🥈 2nd Place
650 veNAMI = $16,250
🥉 3rd Place
450 veNAMI = $11,250
Suddenly, that "$50,000+" campaign starts looking very different.
The point I'm making here is very simple.
I am simply implying that the figure shown in the campaign is based on the initial valuation.
It does not reflect the potential upside if
$NAMI appreciates after launch, which I stronglybelieveit will.
So when you see $50,000+, pay more attention to the +.
That little symbol might end up being the most important part of the whole reward pool.
Now that you know this...
Maybe it's time to get back to work and climb that leaderboard 😏
And if you have not gone through the NamiDeFi docs yet, this is a good time to do so.
wagNAMI