Post
Topic
Board Tokens (Altcoins)
Re: The Standard Protocol is a next generation monetary system
by
zachamo
on 25/08/2021, 00:07:06 UTC
Taking a minute to look at this further after some initial curiosity and interest..

Some preliminary thoughts:
1. It seems half of the 100M tokens initially allocated for Institutional/Angel investors have been opened up to the public... Per the published token distribution plan, 250M tokens were supposed to be sold privately before the sale went public; it seems we only made it to 50M before opening things up.. This raises some concerns around the degree of interest (and investment) in the project.
2. TST appears to be a is primarily a voting token for participation in the DAO.. It is unclear to me what value it holds beyond the ability to participate in decision making for the uptake / administration / tokenization of other real-world valuable assets.. That said, there is also the DAO's treasury - presumably this could be used for dividends/airdrops to TST holders? That would make holding much more interesting.
3. Only 45% of TST are being distributed to the public / investors; this means the majority of the decision making power is very centralized initially.
4. The allocation of TST for Marketing strikes me as curious; why not allocate a portion of funds raised from the presale of TST rather than selling TST post go-live for a marketing budget? The added sale pressure would serve to suppress TST's value; something presumably contrary to at least part of the intention behind marketing.
5. The Pre-Market distribution is set at 1 ETH = 100,000 TST. The total distribution of TST is 1,000,000,000. This sets the initial market cap at $33,000,000 USD.. Pretty low for a starting point, which again has me concerned about the degree of interest, but it's also a presale so prices are expected to be lower and there's a huge potential upside..

As an aside to other readers - token distribution is supposed to be:
Pre-Market Distribution - 100M for Angel and Institutional investors
Private Distribution - 150M for waitlisted folks etc
Public Distribution - 200M for TBA
DAO - 100M
Early Participants/Team/Advisors: 300M
Marketing/Networking: 150M