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New crypto presale project RobotEra is racing through its presale and has now raised more than $300,000, with gamers and investors excited by the potential of its metaverse.
With tokens currently on sale for just $0.02, some investors are predicting the native token, TARO, will make 20x gains in the coming months due to the ecosystem’s ability to generate active and passive income for players.
TARO Tokens to 20x in 2023?
TARO would need to reach a price of $0.40 from its current price to make 20x gains for investors.
While 20x may seem like a challenging task, given the project’s tokenomics and potential, it is not too difficult to envision the project making those kinds of gains.
The supply of TARO is small, 1.8 billion tokens, compared to many crypto projects and in simple terms the project would need a market cap of $720 million to reach $0.40.
However, given that large amounts of the supply will not be on the market the actual figure is, in fact, much lower.
The vast majority of supply, 33%, will be reserved for the treasury/DAO (decentralized autonomous organization) for community voting rights on the project’s future.
A further 25% will be reserved for the play-to-earn (P2E) prize pool, 15% is being allocated to the team (10%), advisors (3%) and early institutional investor LBank (2%), with those tokens locked for at least one year.
Another 9% is saved for the ECO fund which leaves just 15% of tokens available through three presale stages and only 3% for liquidity.
Once the presale sells out and TARO reaches exchanges, there is likely to be a supply shock which will see prices surge.
Furthermore, the three presale phases see the price increase – from $0.02 to $0.025 and then $0.032 – meaning stage 1 investors will have already achieved 60% gains by the time of…
