Genius early adopters made a lot of money. I calculated that I have earned about $1000.
✳️ Cost per GP:
Before the change in points, I only processed a transaction volume of 600,000, with a loss of about $130, obtaining approximately 19,000 transaction GPs, with a cost of $0.0068 per transaction GP. Here, I only calculated the transaction GP, excluding referral GP and spinning wheel rewards.
✳️ Estimated value per GP:
Genius can be compared to the two on-chain exchanges Defiapp and UniversalX. The FDV of Defiapp is about 100 million, and the FDV of UniversalX is about 300 million. Genius has also integrated contracts, theoretically making it more profitable than the other two. However, to be conservative, let's assume Genius's FDV is 200 million.
Assuming an airdrop of 10%, that would be 20 million. So the estimated value per GP would be approximately 20 million ÷ 200 million GP = $0.1.
✳️ Actual profit:
So my profit is approximately = 0.1 X 19000 - 130 = $1770.
Of course, this is an ideal scenario. The estimated FDV, actual airdrop share, and subsequent cost changes will all affect the results. It can be confirmed that early adopters definitely made money, for example, someone processed over 1 million in transaction volume.
✳️ Can it still be processed now?
For projects with strong certainty and a definite TGE time, I believe it is still possible to enter now. The cost per GP has increased compared to the early stage, but it is likely to be profitable. In the future, one can process some trading pairs with stable coin prices to reduce costs.
Friends who are not familiar with processing can check the tutorial on my homepage. Feel free to use my link to waive fees (currently Genius is still 0 fees, but it will charge fees later. So when it starts charging fees, I will provide waivers): https://tradegenius.com/ref/HKN3V3