The Math Behind the BSCView IDO on BSCPAD

The Math Behind the BSCView IDO on BSCPAD

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March 8, 2021 by CryptoCurrencyBlog.io
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With the recent rise of the BSCPAD token and the growing excitement over the upcoming BSCView IDO (the first project being launched on BSCPAD), we decided to take a closer look at what investors might expect and analyze the value proposition of both tokens.

TLDR

  • If you do not hold any BSCPAD tokens, a solid argument can be made for buying enough to achieve tiered status before the first snapshot on Tuesday, March 9 at 2 PM UTC. There will also be a second snapshot and if tokens are sold between the first and second snapshot window you may lose your whitelist eligibility.
  • If you are not at the Platinum tier but have the capital to achieve it, there is a clear added value to do so.
  • BSCView in and of itself is presenting excellent value due to its strong use case, industry connections, and low initial Market Capitalization at listing.
  • Future projects using the BSCPAD launchpad present additional value to acquiring and/or holding the tokens.

What is BSCPAD?

BSCPAD is a launchpad platform for Binance Smart Chain which exploded onto the scene on March 1, quickly becoming one of the most talked-about and heavily traded tokens on Pancakeswap.  BSCPAD’s unique tier system is making it a hot commodity.  Many launchpads rely on ‘lottery style’ mechanics to decide who gets access to pre-sales, while BSCPAD has taken a different approach and built in guaranteed allocations to all tier levels.  The lower tier users will be required to do a little extra legwork on social media, but users on every tier can rest easy knowing their piece of the pie cannot be pried away from them.

What is BSCView?

BSCView is a charting and trading tools platform for Binance Smart Chain – If you are familiar with Dextools, this is basically “Dextools for Binance Smart Chain”.  This idea is a popular one recently, with a few projects launching with the stated goal of delivering a charting platform for BSC.

Of all the competitors throwing their hats in the ring, BSCView appears to be the most capable of delivering the goods.  The project is being developed by an experienced team and already boasts the support of high-profile partners and advisors (Ferrum Network, Applicature, Mempool Ventures) and has a close relationship with the BSCPAD team.  The BSCPAD token has already proven to be a massive hit with traders, generating wide awareness and hype across the crypto space.  All eyes are on this first launch, so BSCView will have no problems garnering high interest from the market the minute it is listed.

Investment Analysis

Many traders may be debating whether to acquire enough BSCPAD to get to a tier status, and others still may be considering the risk/reward of holding the tokens they already have (or adding more tokens to move up in tier).  Since the BSCPAD token is red-hot right now, many existing holders of the token are sitting on profitable positions.  The following analysis will look at the value proposition of each tier and project some possible outcomes for the IDO.  

Presale and Listing Price of the BSCV token: $0.022

Initial Cap: $191,125   

In our estimation, 20M seems like a reasonable Market Capitalization to project out for this token.  Recent IDO Launches for similar projects have achieved 20M+ market caps on listing day, and well known charting platform Dextools is currently sitting at a 60M valuation. 

BSCView also has the ‘X-Factor’ of association with BSCPAD, which at the time of this writing is up an astounding 353x from its listing price.  

Using token counts from the blockchain and information from BSCPAD’s website, we have reached some preliminary estimates for how many tokens each tier will be likely able to purchase.  Keep in mind these are projections only, the number could change in either direction before the sale.  There are two snapshots times at which users must hold the required number of tokens to ‘lock in’ their tier: (Tuesday March 9, 2:00 PM UTC and Friday March 12th 4:00 PM UTC).  Some users will inevitably sell between the first and second snapshot, eliminating themselves from eligibility and increasing the tokens available to eligible users.  In addition, Bronze and Silver tier users will be required to Like, Comment, and Retweet some content regarding the event.  Some of these users will fail to do this, nullifying their eligibility and increasing the available share of other users.  

Allocation Size and Value Projections

*the information in this chart is based on initial estimates of on chain balances and is not an official count

The chart above shows the rate of return made by BSCPAD holders against their held BSCPAD tokens, assuming BSCView achieves an $20M evaluation.  Our analysis suggests there is significant value in holding BSCPAD tokens to participate in the BSCView presale.  Keep in mind also; this is only one of the many projects which will use the launchpad.  As more projects launch, the tokens should ‘pay for themselves’ many times over.

Value Added Return for Platinum Members

It is important to remember that in any presale, some tiered members will not purchase their entire allocation.  In the second round of the public sale, Platinum members get first rights to the tokens unsold in the first round.  It is reasonable to assume that Platinum members will buy all the unsold tokens almost immediately, as these users will naturally have the most available capital and expect to make an immediate return on the additional investment.  

By reviewing all the data above, it becomes clear that the BSCPAD system presents value to members of every tier level, but there is a significant benefit to being at the highest tier.  This incentivizes lower-tiered users to continue to accumulate, while simultaneously incentivizing Platinum tier members to continue holding.

Conclusions

  • If you do not hold any BSCPAD tokens, a solid argument can be made for buying enough to achieve tiered status before the first snapshot on March 8
  • If you are not at the Platinum tier but have the capital to achieve it, there is clear added value to do so
  • BSCView in and of itself is presenting excellent value due to its strong use case, industry connections and low initial Market Capitalization at listing
  • Future projects using the BSCPAD launchpad present additional value to acquiring and/or holding the tokens

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