SuperChamps Airdrop Profit Deep Analysis
SuperChamps will issue tokens in the second half of the year and use 5% of the total supply for airdrops. This article will analyze the airdrop returns.Author: Da Cheng
SuperChamps will issue tokens in the second half of the year and allocate 5% for airdrops (of which 20% will be exclusive to NFT holders). This article will analyze the airdrop returns; all content is solely personal opinion and does not constitute any investment advice!
First, predict the fully diluted market cap and token price:
These are some of the more well-known blockchain games that have issued tokens from last October to now. According to data from Coinmarketcap, their current fully diluted market cap (FDV) averages 400 million, with an average fundraising of 15.5 million at the time of token issuance. (Minimum and maximum values have been excluded)
SuperChamps has currently raised 19.5 million; if we calculate based on the FDV/fundraising scale in the table, the FDV at the time of token issuance would be 500 million, with a token price of 0.5.
If we only look at the new projects launched in February, which have not performed well recently: ULTI, PIRATE, NYAN. The FDV at the time of token issuance would be 250 million, with a token price of 0.25.
If the market does poorly in the second half of the year and altcoins face another halving, the FDV at the time of token issuance would be 125 million, with a token price of 0.125.
Next, calculate the returns from the NFT-exclusive airdrop at three fully diluted market caps:
It is known that the total token supply is 1 billion; 5% will be allocated for airdrops; 20% will be exclusive to NFT holders; the total number of NFTs is 3333, with a current floor price of 0.18E, equivalent to 600u.
We assume all NFT holders create accounts on the official website and connect their wallets, and that the fully diluted market cap at the time of token issuance is 125 million.
(125,000,000 / 1,000,000,000 * 5% * 20%) / 3333 = 375u
Conclusion: Each NFT can receive 375u, with a return rate of 63%.
Analyzing the airdrop for accounts without NFTs, according to Dappradar, the average number of active wallets on the SuperChamps airdrop page is around 40,000 daily (with a cumulative wallet count of 160,000).
https://dappradar.com/dapp/super-champs-hq?range-ds=30d\&range-ha=3m
We assume that 40,000 is the average level of participation in the airdrop and the game, which is also the threshold for receiving the airdrop, and that the fully diluted market cap at the time of token issuance is 125 million.
(125,000,000 / 1,000,000,000 * 5% * 80%) / 40,000 = 125u
Conclusion: Each account can receive 125u.
Note: Here, the account refers to those who play their two games at an average level to earn airdrop points, estimated to take about 5 hours per week. If you can complete all tasks, your points will be higher than the average level, and you will receive more airdrops.
Assuming you play the game at an average level to earn points + hold 1 NFT, and that the fully diluted market cap at the time of token issuance is 125 million.
Conclusion: Overall earnings of 500u. The overall investment return rate for NFTs is 83%.
This calculation is based on a relatively pessimistic scenario, as NFTs can be stacked; the earnings from 1 NFT is 500u, and from 2 NFTs it would be 1000u. If you spend time completing all tasks and hold a large number of NFTs, the cumulative rewards could be substantial. Especially if the market improves in September, increasing token valuations, the earnings will also increase accordingly. All content above does not constitute investment advice; my analysis may also have flaws, so everyone should DYOR!
For more information about SuperChamps, you can refer to previous articles by Chain Catcher.
