VexPolycub will capture 50% of Polycub's total supply
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Vexpolycub outperformed every expectation and demonstrated how strongly the community believes in the future of the Polycub project. Quoting one of my previous posts:
The community is loyal and sees the future potential of the project, it wouldn't be that farfetched to see Vexpolycub swallow 50% of the supply.
Well looks like my prediction will come to fruition. In just a few days, the vault managed to accumulate a total of 93,213 XPolycub which is equivalent to 2,148,448 Polycub. The amount will only grow as more people join the Vexpolycub vault and as the Xpolycub/polycub ratio keeps increasing throughout the years.
Two years from now:
We know that VexPoly will pay out a 20% apr and we need to convert that into a 2-year APY so that we can see how much polycub the protocol will have to buy from the market and put into the VeXpolycub vault.
[1+(20%/12)] ^ 24 months = 48.64%
Means that the current 93.213 Vexpoly will be worth 93.213*1,4864 = 138 552 XPolycub.
There's no way of predicting how high the Xpoly/poly ratio will be two years from now but I can make an educated guess of 28.
138.552*28 = 3 879 456
Less than 7.200.000 Polycub will ever exist
This quote comes directly from the polycub documents page. Assuming a 7.2M total supply would mean that 53,88% will be locked away in the Vexpolycub two years from now.
I'm Sandbagging the numbers as the number of Vexpolycub will more than likely reach 100K in the upcoming weeks. So the numbers from this post won't hold true but it proves my point that 50% of the TOTAL SUPPLY will be locked away in the Vexpolycub vault.
Lower Supply = Price appreciation
The future is looking bright for the price of polycub as more and more polycub gets locked away for the next two years and inflation will keep halving until it becomes insignificant. The next halving will happen next week and I'm expecting to see a big price pump once the protocol starts buying polycub from the market to distribute to the Vexpoly vault. Congrats to every polycub holder for making it this far, we're about to take off!
My fear of a massive market dump at the end of the two years period just intensified after going over these numbers but that's something to be addressed longer down the road.
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