Heard about this one — @MyriadMarkets on @AbstractChain, basically a Polymarket analog. What’s interesting is that @farokh is behind it
🟨Not many know that @RugRadio is also Farokh project. And here’s the kicker: Myriad is giving away 25.5% of the $MYR supply to $RUG and RugGenesis NFT holders — basically rewarding their true community
Numbers: 🔹Total supply: 255,000,000 $RUG 🔸In circulation now: 93,000,000 $RUG (the rest locked in NFTs) 🔹Current FDV $RUG = 255M × $0.15 = $38.25M, which feels relatively cheap
If you ignore the wickiness, the chart doesn’t look bad. I grabbed a bit for a flip.
Idea is: 1:1 distribution. Since $RUG supply is 255M (= 25.5% of $MYR’s 1B), and with only 93M liquid while most remains locked till 2027, it’s unclear how they’ll manage unlocks. That’s why I just positioned for a flip, not a long-term hold into Myriad’s TGE
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Heard about this one — @MyriadMarkets on @AbstractChain, basically a Polymarket analog. What’s interesting is that @farokh is behind it
🟨Not many know that @RugRadio is also Farokh project. And here’s the kicker: Myriad is giving away 25.5% of the $MYR supply to $RUG and RugGenesis NFT holders — basically rewarding their true community
Numbers:
🔹Total supply: 255,000,000 $RUG
🔸In circulation now: 93,000,000 $RUG (the rest locked in NFTs)
🔹Current FDV $RUG = 255M × $0.15 = $38.25M, which feels relatively cheap
If you ignore the wickiness, the chart doesn’t look bad. I grabbed a bit for a flip.
Idea is: 1:1 distribution. Since $RUG supply is 255M (= 25.5% of $MYR’s 1B), and with only 93M liquid while most remains locked till 2027, it’s unclear how they’ll manage unlocks. That’s why I just positioned for a flip, not a long-term hold into Myriad’s TGE