[coin sector] Aave core member Marc Zeller stated yesterday that when a second Token is derived from an ecosystem, the total Market Cap of the two will eventually be lower than the Market Cap of the original Token. For example, when Polygon introduced Katana Network after POL, it also issued a new coin KAT. It is expected that the sum of the Market Caps of the two will be lower than the initial Market Cap of POL. This post sparked dissatisfaction from Marc Boiron, CEO of Polygon Labs. After a heated discussion, the two decided to bet $50,000, wagering whether the total Market Cap of POL and KAT six months later (on Christmas night) will be lower than POL’s Market Cap when Katana was announced.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Aave core members and Polygon CEO bet $50,000 on dual TokenMarket Cap
[coin sector] Aave core member Marc Zeller stated yesterday that when a second Token is derived from an ecosystem, the total Market Cap of the two will eventually be lower than the Market Cap of the original Token. For example, when Polygon introduced Katana Network after POL, it also issued a new coin KAT. It is expected that the sum of the Market Caps of the two will be lower than the initial Market Cap of POL. This post sparked dissatisfaction from Marc Boiron, CEO of Polygon Labs. After a heated discussion, the two decided to bet $50,000, wagering whether the total Market Cap of POL and KAT six months later (on Christmas night) will be lower than POL’s Market Cap when Katana was announced.