Crypto projects are notoriously difficult to price (hence the volatility) and it’s important to take into consideration the fundamentals, but certainly one needs to account for the distribution schedule for the 15B (https://wiki.rally.io/rally-network/token-supply) and also look beyond it to other aspects.
@Delphi or @PiersKicks posted something on this on twitter at some point highlighting a valuation relative to active users on a crypto platform - can’t remember which at the moment!
Kevin posted something recently on Discord that’s good food for thought: “There’s an 8 year schedule for 50% of all tokens dedicated to network rewards, or 7.5B tokens. We have 80 creators on the platform today, with $RLY staked into Creators coins already at ~8M RLY or roughly 100K per creator. Assuming a similar ratio for rough math, we go to 800 creators, that’s 80M staked. 80,000 creators = 8B tokens staked. Obviously we’ll need to adjust the way our staking into creator coins work, but you can see that the model is already working. And I believe Rally have way more than 80,000 creators over the next 8 years.”
What I would add or highlight rather, while urging you to read the earliest blog posts on the why and what of Rally, is that the market opportunity for Rally is staggering. There are unknowns, but remember that Rally is global and not constrained to blockchain users. Rally’s unique ability to reach consumers beyond (and in addition to) blockchain enthusiasts is basically unparalleled and sets it apart from so many projects in the space whose valuations may price in broader adoption but lack the defined roadmap to get there.
To leverage what blockchain can offer to allow communities to build, create and exchange value in a forum that they own free from extractive fees; offering fans access, ownership and governance within these communities and of the larger network…this is a powerful new paradigm. And this is Rally.
I haven’t captured it all here, but we do see the year of defi giving way to NFTs and social tokens. Rally couldn’t be better positioned, and has proven its ability to execute on a vision. Tune in to the community calls and hear how forward thinking and tremendously ambitious creators like The most famous artist (today) are driving further innovative uses for Creator Coins and creating value that is shared across the community. It’s incredible and inspiring…and not just the future; but ours.