With an official announcement on the Medium blog, SuperFarm DAO launched the long-awaited $SUPER token yesterday. This is an NFT project created by one of the most followed influencers in the world: EllioTrades. We have already talked about this project on DeFi.cx, explaining how it works and its token economy, so today we will talk exclusively about the token (launch, pricing, holder and so on).
The $SUPER token has arrived!
As we all know, the SUPER token was one of the most anticipated tokens of 2021. It has a supply of 1 billion units and has been sold in different phases. The private presale was the cheapest as it was offering tokens to lucky investors, charging only $0.01 per token. Next, there was a second phase, the IDO (Initial DEX Offering) on Polkastarter.
In this case, the token price was a little higher, at $0.025. The hard cap of the IDO on Polkastarter was only $250,000, so this pre-sale ended in a matter of seconds. Shortly afterwards, the token also arrived on Uniswap, creating a lot of problems for the first buyers. As is often the case, some BOTs were able to buy exorbitant amounts of money during the launch on Uniswap, and then sell their tokens at prices 10-20-50-100 times higher. Among the various bots, one managed to buy 7 million tokens, making millions of dollars in profits. However, the blame does not lie with SuperFarm DAO or Uniswap, but with the BOTs that always ruin every launch with so much hype around it.
The price of $SUPER on Uniswap exceeded $3, then hit lows around $0.80. Those who bought in Presale or on Polkastarer therefore made very good profits, up to 1000% in some cases. This caused several dumps which I believe will end in a couple of days. As already mentioned, the total token supply is 1 billion tokens, so at the current price ($1.20), the fully diluted market cap is about $1.2 billion. In the past, we have seen projects promoted by EllioTrades and other influencers reach market capitalizations of $3-5 billion, so I don’t see why this token shouldn’t follow in the footsteps of other Influencer driven projects.
Record Volumes | Token Holders Record
SUPER set a couple of records early on. With $155,000,000 in volumes in less than 1 day, SUPER sets an all-time record for newly launched pairs on Uniswap. Just to give an example of how big the hype is for the project, in less than 24 hours it has generated FEES for liquidity providers of about $500,000 (liquidity at the moment is $3.8 million, so an APY of about 3650%!!!). On the other hand, token holders have far exceeded 10,000 users, a figure that is not even seen on many projects listed on Binance or other major exchanges.
All this for a project that does not yet have a site or service up and running. However, we know that NFTs are the hot thing right now, so SUPER’s price is only going to go up, even if the markets have been red in the last 48 hours! My advice? Buy some tokens and hold for a while!