The Selloff Paradox Of $MONK Tokens On Launch Day
Monks, the time has come… The Monastery is about to open its doors in a few days. There is still one single thing we need to cover to get everyone prepared regarding price volatility on opening and the plan of action that needs to be initiated beforehand.
Price Volatility Is Imminent — Don’t Panic
Upon releasing $MONK to the public and providing initial liquidity, current $MONK holders who bought during ICO will inevitably look to sell out for a 2x on their investment.
Now there is nothing wrong investors seeking to take profit, however there is a massive problem with this.
#1 — Unless you are prepared to spend thousands of dollars in gas fees front running someone you aren’t ever going to make a 2x.
Meaning that if there are 100 people trying to front run each other it won’t ever happen successfully.
There are going to be people trying to sell for a 2x immediately upon public opening since there is liquidity that means if you aren’t front running astronomically you are most likely going to lose money on your ICO.
Long story short, if you think this was a quick 2x — you might be in for a rude awakening unless you are prepared to front run with astronomical gwei.
Which brings us to point #2…
#2 — Massive price volatility upon opening is inevitable. If you see the price go down LOWER than ICO price do not panic whatsoever. This is typical with ICO’s because everyone wants to sell out for a quick profit and then end up buying back in.
There should be absolutely zero fear upon launch cause price will stabilize and push back to the upside now that the general public will be able to get their hands on $MONK.
We wanted to address this before we launch the DAO to the public because we know there will be participants who are worried at first — this is COMMON and nothing to be worried about.
Monastery DAO ICO + Liquidity Plans
Our prediction is that we might see a 50–60% drop from public launch since ICO investors will be trying to sell off quickly.
Worst case: -60% from $20 and then we start pushing up very rapidly.
Best case: -20% from $20 and then we start heading back up as the public starts to ape in as well.
This could be wrong and we could go up right from the start.
However, we want to set expectations from the start that are realistic and to let everyone know NOT to panic.
Why No 15 Day Lock Period For $MONK Tokens After ICO?…
We saw some Monks ask why there isn’t a 15 day lock for sell off for ICO.
Very simple — if you bought the ICO and then the price skyrocketed and you wanted to liquidate at any point in the 15 days, you wouldn’t be allowed.
On the flip side, the public who bought in wouldn’t be held to the same standards.
Meaning that the public would be able to take advantage and the worst part is they would never even have to participate in the Monk community.
We didn’t think it was fair that we gave the public preferential treatment over Monk holders that have been with us for so long.
Imagine not being to liquidate any part of your position even though you’ve been patient and contributing to the entire project. A real slap in the face if you ask us.
Time To Grow…
Upon launching we have many marketing plans that are going to be initiated to grow the treasury rapidly.
We cannot wait for everything to officially launch since we’ve been working so hard for so long to make this dream a reality for everyone.
Blessings,
Immortal Monks Team
Official Website: https://immortalmonks.com
Official Discord: https://discord.gg/immortalmonks
Official OpenSea: https://opensea.io/collection/immortalmonks
