Hello everyone, my name is Jimmy.

Friends who follow me will find that I have been working hard to build the JIU community recently. Why am I working so hard?

Because JIU carries my sea of ​​stars. This sentence may be a bit pragmatic. I still need some time to sort out and prove it, so I won’t go into details yet. So let me tell you something real first: In this bull market, JIU is expected to hit 1,000 times.

Today is March 26, 2024. JIU’s genesis mining will end at 8 o’clock tonight, and it will officially enter the era of full circulation and deflation. I will share the reasons for my judgment at this moment. Please feel free to refute, what I said may be wrong.

1. From a macro perspective: MEME currency is one of the biggest tracks in this bull market.

Various tokens in the currency circle are actually somewhat meme-like, but it’s just a matter of proportion. Meme coins are just tokens with the highest meme purity.

My understanding of the so-called purity of a meme is its degree of "uselessness". The less useful it is, the less restrictive it is, which actually gives the community more room to play. It's like a blank sheet of paper, anyone can write on it. Meme coins can be either air coins or value coins; meme coins can be dao coins or mining coins. Therefore, the value of meme coins is equal to the value of the community. The larger the community, the greater the value of the meme coin. That is to say, consensus is wealth.

(Pictured: JIU’s first community vote)

Judging from the performance of the last bull market, both Dogecoin and Shib have completely refreshed our understanding of the value of meme coins. To this day, they are still in the top 20 or even top 10 in market capitalization, far ahead of most so-called value coins.

Why are they so valuable? Why did they explode from the last bull market?

Because meme coins have developed to this day, they often open in extremely large quantities, with fair launches, ultra-low unit prices, and small market capitalizations, which satisfy the most primitive impulse in the crypto world: get rich, get rich, get rich again. Therefore, cold start is much easier than ordinary encryption projects.

Because of the explosion of Defi in 2021, meme coins have begun to have liquidity since the last bull market. They do not need to rely on traditional centralized exchanges and can maximize value discovery in the secondary market. The popular LP lock-in-pot gameplay in this bull market has further provided liquidity. Wealth comes from transactions, and illiquid assets will not explode.

Because their bottom layer is actually content IP, attention economy, and eyeball value. The unique community culture of meme currency has given it its own content attributes since its birth, and it naturally has the advantage of entertainment communication. And because its token mechanism completes the cold start faster, as long as the content is interesting, it can easily spread virally.

Faster cold start, better liquidity, and more content dissemination make MEME currency destined to become one of the biggest tracks in this bull market.

Why should we talk about the track first? Because choice is greater than hard work, and only big fish can come out of big rivers and seas. On the meme currency track, your valuation limit will be increased by at least 5 times.

2. From a medium perspective: JIU is the first MEME coin on the DFS mainnet

The DFS mainnet uses the source code of antelop, and has made optimizations based on it. The consensus mechanism has been modified to LPOS, which is more decentralized and user-friendly. As shown on its official website, its goal is to be the master of web3 core applications and to build an autonomous world based on blockchain. At the same time, DFS, as the side chain of BTC (also called L2), is committed to accelerating the development of the Bitcoin ecosystem. The goal is quite ambitious.

(Attachment: Introduction to DFS mainnet)

Everyone who knows the story of the Great Harvest knows that the Great Harvest development team not only has ambitious long-term goals, but also has innovative project design, down-to-earth work attitude, and efficient development capabilities. These are rare in the impetuous encryption world and ensure Implementation and sustainable iteration of the project. It's always easy to set goals, but the only ones that can be accomplished are the cream of the crop.

What’s even more rare is that it is not a startup team, but a strong team that has experienced many hardships on the EOS chain. In the last bull market, it was also the strongest Defi on the EOS chain. Although it failed in the end, I believe that the accumulated experience will greatly increase their chances of success in this bull market.

On these basis, because the DFS main network is still in the early stage of infrastructure construction, its current main network token DFS market value is only 5 million USDT. Let’s not talk about L1, let’s talk about the current mainstream L2, which one does not have a market value of more than one billion US dollars. What's more, the bull market has just begun, and the market value of these L2s will continue to rise when they reach the peak. Let’s be more pragmatic. A 20-fold increase in DFS is only 100 million U.S. dollars, which should be a high probability event.

Why do I spend so much time discussing DFS? Because JIU is the first meme coin on the DFS mainnet. JIU crowdfunding has been supported by more than 300,000 DFS, and 45% of JIU has directly locked 10% of the current circulation of tokens on the DFS main network, permanently serving as the LP pot for the JIU/DFS trading pair. What does this mean?

This means that the pricing power of JIU currency will be firmly locked in DFS. If DFS increases in price, JIU will increase in price. According to the above analysis, JIU’s growth is expected to be conservatively 20 times.

3. From a micro perspective: JIU has endogenous rising logic

This rising logic can be understood from two perspectives:

1) From a cash flow perspective

The largest pool for the JIU/DFS trading pair is the permanently locked crowdfunding LP, which currently accounts for more than 50%. With the withdrawal of some liquidity after the end of Genesis Mining, the destruction of JIU in the future, and the continued growth of pot fee income, the proportion of this part will continue to increase. On an annual basis, we take a conservative average of 70%.

As the currency price increases, the daily trading volume of this trading pair is expected to continue to rise. This part is difficult to estimate. We conservatively estimate that based on 500,000 USDT per day, the annual turnover will be 182.5 million U. 0.3% is charged to LP for each transaction. If we think of JIU as a company. This company’s current LP annual revenue forecast alone is 18250*0.3%*70%=380,000 U

Because it is an innovative, high-growth, cost-free category, we use an inexpensive valuation coefficient of 30PE to calculate, and the market value is 11.4 million U, which is 7 times the current market value.

2) From the perspective of repurchase and destruction

The unique mining advantages of DFS mainnet market making have allowed JIU to continue to mine the mainnet token DFS from the first day of listing. It is currently the second largest mining pool on the DFS mainnet, and it is just around the corner to become the first. The deeper the mining pool, the more DFS will be mined. The LP that accounts for 70% of the trading pairs will mine more DFS.

The DFS mined by JIU Mining Pool LP is used to buy back and destroy JIU. This is a permanent, simple, and predictable appreciation logic. Currently, LP mines about 800 DFS every day. Considering that the issuance speed of DFS will deflate, although we predict that the proportion mined by LP will increase, we still calculate it based on 800 DFS every day, and we can mine 292,000 DFS in one year. DFS, almost equal to the number of crowdfunded DFS.

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(Picture attached: DFS accumulated by LP after more than six days of market making)

If the price of JIU's DFS remains unchanged at all, then DFS will repurchase and destroy 42.8 billion in one year, which means that all the coins you participate in the crowdfunding will be repurchased. This is the logic behind what some friends in our community said, even if the price does not move if you hold it for a long time, you cannot lose money based on the DFS standard.

The real situation is that after destruction, the circulation of the currency decreases, which means the value of the currency increases. This is true for both stocks and currencies, so because of this, the price of JIU will rise steadily.

Combining fee income and value growth brought by repurchase and destruction, we can conservatively estimate that JIU has at least a 10-fold appreciation expectation.

To sum up, track empowerment * main network empowerment * token mechanism empowerment = 5*20*10 = 1000 times.

Is a 1,000-fold increase exaggerated? The current market value of JIU is 1.6 million UU, corresponding to a liquidity of 100 billion; when it increases 1,000 times, the unit price will be 0.01618U, the circulation may be left at 70 billion, and the market value of circulation will be 1.1 billion U. At the peak of this bull market, the king of meme coins may reach a market value of hundreds of billions of dollars. In comparison, isn’t it high?

After an increase of 1,000 times, JIU's market value exceeds that of DFS, which is quite an exaggeration. Generally speaking, the value of the underlying token of the protocol will grow faster than that of DAPP, although JIU cannot be considered a DAPP. Let us wait and see how their market values ​​will change.

The above is a personal opinion, not investment advice. Please think independently and avoid pitfalls.

Various risks such as MEME currency overestimation, DFS mainnet overestimation, and JIU transaction volume overestimation cannot be ruled out. If any factor is not fulfilled, the valuation will be greatly affected.

Pragmatically speaking, failure is a high probability event, so everyone is asked to lower their expectations. For me, this is definitely not the whole reason why I am so devoted. My stars and the sea, let me tell you about it later.

Relevant interests: I am a large JIU currency holder and the manager of Jiucai Tiantuan. #DFS #JIU #memecoin‬⁩