DeFi researcher Ignas says there are too few high-quality tokens with strong revenue support 20 projects
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AT A GLANCE
Ignas believes that high-quality tokens with strong revenue support are scarce, and that the available candidates are even fewer after factoring in valuation, unlocks, and revenue sustainability.
Article
DeFi researcher Ignas: There are currently too few high-quality tokens in the crypto market with genuine revenue support 20 PANews September 29 reports that DeFi researcher Ignas stated that there are currently too few high-quality tokens in the crypto market with strong genuine revenue support; only about 20 projects have holders’ daily revenue reaching 50000 USD or more. Ignas said that after further considering valuation, token unlocks, and revenue sustainability, the available candidates would be further reduced. Although some tokens may appear attractive, their market capitalization-to-fully diluted valuation (MC/FDV) ratios are not ideal, meaning investors must bet that demand growth will outpace the supply growth caused by token unlocks. This makes some tokens more suitable for trading than long-term holding. Ignas believes that for most tokens, investors are still trading narratives and market sentiment, and must believe that project teams can deliver on their promises. As multiple DAO DAOs have recently dissolved, the so-called “decentralized” accountability mechanism is also inadequate. However, he believes this may also cause capital and the market...
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🔗https://www.panewslab.com/zh/articles/01a0e8c6-b271-73e0-ac4a-b504de3f1274
Key points
01
PANews relayed the views expressed in a post by DeFi researcher Ignas.
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Ignas said that approximately 20 projects have holders’ daily revenue reaching 50000 USD or more.
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Ignas said that after further considering valuation, token unlocks, and revenue sustainability, the available candidates would be reduced.
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Ignas said that some tokens have unfavorable market capitalization-to-fully diluted valuation ratios and are more suitable for trading than long-term holding.
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Ignas believes that most token trading is still driven by narratives and market sentiment, and that the recent dissolution of multiple DAO DAOs reflects the inadequacy of the so-called “decentralized” accountability mechanism.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This content expresses Ignas’s screening approach: it is not enough to look only at whether a token generates revenue; investors must also consider its valuation, the supply growth resulting from future token unlocks, and whether revenue can be sustained. If demand growth fails to keep pace with the supply growth caused by unlocks, a token may not be suitable for long-term holding even if it appears attractive in the short term.
Why it matters to readers
This view suggests that investors should distinguish between short-term trading opportunities and long-term holdings, and pay attention to the relationship among revenue, valuation, and new supply. However, the materials provide no specific projects or detailed data, so they cannot be used to directly assess the value of any particular token.
Beginners can understand it as follows: a project generating revenue does not mean its token is necessarily worth holding long term. Investors should also examine the token’s valuation, unlock schedule, and revenue sustainability, and avoid making decisions based solely on popular narratives or market sentiment.
Risks and unknowns
The provided material is PANews’s account of Ignas’s views and does not include the full text of Ignas’s original post.
The approximately 20 projects’ names, revenue sources, or methodology for calculating “holders’ daily revenue” were not provided.
No specific data on valuation, token unlocks, or revenue sustainability was provided.
Related Developments
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“High-quality tokens” and “strong revenue support” are evaluative descriptions, and the material provides no clear criteria.
The end of the main text is truncated, so Ignas’s subsequent views on capital and the market cannot be confirmed.
DAO The specific cases of dissolution and their relationship to the accountability mechanism are not discussed in the material.
Related concepts
Holders’ daily revenue
This term is not in the glossary yet. Browse related concepts in the glossary.
