EclipseFi IDO Review

IDO launchpads are doing well in this market. However, the lack of good launchpads in the Cosmos ecosystem means ECLIP will gather attention.

Projects like Celestia, and Kujira are bringing liquidity into Cosmos. It is easier for projects to launch on Neutron or Cosmos shared security. EclipseFi is based on a modular design. Modular chains are trending, and the narrative is strong. You can have more research like this one if you subscribe to Altcoin Buzz Alpha.

Key Metrics and Token Generation Event (TGE) Details
  • IDO Platforms: GameFi.
  • Twitter: https://twitter.com/Eclipsefi
  • Launch date: GameFi: Dec 20, 2023, 08:30 (GMT+5:30) . Potential to launch in Enjinstarter too.
  • Initial Supply: 20.9M.
  • Total Supply: 300M.
  • Initial Market Cap: $821,250.
  • Total Raise: GameFi will raise $300,000. (You will need USDT in Arbitrum).
  • Vesting: 20% at TGE 1-month cliff, then 6 months daily vesting.
  • GameFi Refund Policy: The refund request time is only valid within 24 hours after the token’s listing or claiming time, whichever is later. Users who request a refund cannot claim any tokens after the refund request has been successfully submitted. Within 72 hours, they can claim a total refund amount.

This is a short-term hold due to its high emissions later on. Only 20M of the tokens are in circulation, and there is daily vesting. However, the project could have long-term value too. This will depend on the quality of IDOs launched through EclipseFi.

How to Participate & Risks to Consider

For GameFi you need to follow the GameFi IGO guide here. Try to stake more $GAFI for a higher token sale allocation. As with any crypto project, there are always risks to consider:

  • Smart contract and security risks: The technology or code could fail. This will collapse the entire project if it were to happen. Or, the project or its funds may be compromised by hackers.
  • Competition: There are tons of IDO platforms out there. EclipseFi will need to attract quality projects and the performance will be crucial for ECLIP.
  • Token Allocations: It suggests 16% is for private sale, which can contribute to selling pressure later on.
  • Initial Supply: The initial supply unlock is only slightly more than 6% of the token total supply. This means that there is still about 94% of the supply yet to be released. This means inflation for existing holders. So, a good profit-taking strategy is important.

Source: Eclipsefi
Profit Taking Strategy

There can be 3 scenarios:

  • The Token does 5x or more: Since the TGE market cap is less than $1M, it can easily pump to $2M or above. If the market cap reaches $2M, sell the 20% you received. Ideally, we will get back our initial investment. Our profit will be the vested tokens (80%).
  • The Token does 3x – 5x: We will still sell, as there are huge upsides and we will stay profitable with the remaining 80%. We will, however, again start selling as soon as the 1-month cliff is over.
  • The token does <3x: We will leave it up to you for this decision, this time. Ideally, you can apply for a refund in GameFi.

Warning: The cliff is 1 month; there will be token emission and airdrops, and the token will see a dump. But if we follow the Profit Taking Strategy stated above, we can mitigate most risks. THIS IS NOT A LONG-TERM HOLD (considering only 6% is circulating initially)

After the cliff, we will update you based on the price action and team meeting proposed roadmap, along with GitHub development. Also, we will examine the token distribution and token contract after the cliff unlock.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.