Someone help me to understand this. MoonDeFi
pre-sale went live yesterday, whereby the price is $0.25 per MOON, whereas on Uniswap the price is trading
over $1 (the "considered" value of the token), even
as high as $1.40 looking at the chart. Are the pre-sale and public sale tokens locked for a certain period of time or something? There is no ANN to ask this elsewhere unfortunately, hence I'm posting it here in good faith.
Otherwise it seems a good opportunity for arbitrage if there is the trading volume for it; buy pre-sale at $0.25, sell on Uniswap for $1. Notably this isn't happening, so I assume there is a lockup on the sale tokens for something. I otherwise verified the cotnract address
from here, though not ideal I know, knowing that there is more than one token with the ticker MOON. The public sale rounds otherwise ends end of February with the price rising to $0.75 in the final round, while
the bounty ends mid-January, with tokens due to be distributed at the end of each month (so December, January then February I assume).
With the 1,000,000 tokens for the signature campaign alone, divided by 8 weeks and maximum of 200 particpants, this would mean the tokens distributed per week are currently worth $625 per person on average (1,000,000/8/200) - obviously to me this seems incredibly high, and therefore I don't expect the $1 price on Uniswap to hold up personally. After all, we're talking about $125,000 worth of tokens per week being distributed per month, while the trading volume is no where this.
What are your thoughts, is this not weird to you as well?
Embedded references:
https://etherscan.io/token/0x71924a8d733ae1bbc18d243e1deb56e767440eb6#tokenTradehttps://info.uniswap.org/pair/0x71924a8d733ae1bbc18d243e1deb56e767440eb6https://news.bitcoin.com/introducing-moondefi-a-new-part-of-decentralized-finance/https://www.altcoinstalks.com/index.php?topic=179756.0https://moondefi.org/#/sale