FXRP, The Numbers Are In...

CEN here, bringing you them Friday feelz ☀️

Today’s edition includes:

• Ad Revenue for dayyzzz! 

• FXRP Calcs

But first…

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Now, on to the content…

The Results Are In

We ran an X poll to try and gauge what sort of impact F-XRP will have on the supply if Songbird tokens.

Now we have a little data let’s make some guestimations.

The table above shows that around $1.5 million worth of SGB would be locked up as F-Asset collateral if everyone who voted did indeed mint F-XRP.

That’s a pretty sizeable sum considering only 358 holders voted.

Now let’s scale up the numbers:

Obviously these numbers need to be taken with a pinch of salt and we’ll find out together the real impact of F-XRP when F-Assets are finally launched.

However, it is easy to envisage how scarce SGB tokens will be once collateral pools are live.

These calculations suggest that it would take around 8,000 SGB participants minting F-XRP to consume the total market cap of SGB. 

Looking at the most recent SGB rich list from DeFi Divvy, 8,000 holders is a tiny drop from a sea of loyal holders patiently awaiting more utility.

Can We Get A ReXweet?!

What do you think of the sums above? 

Let us know on X @CENflr

Highlighting how undervalued $SGB is right now could generate a ton of interest. 

It’s about time our wee birdies took flight 🚀

That’s about it from us this week, TTFN 👊