A Discussion on Market Caps!
We’ve received several questions regarding the token price of Augury Finance and we thought it would be good to address some of the comments in this article.
First, what is Market Capitalization?
Investopedia describes Market Capitalization as the following:
Market capitalization refers to the total dollar market value of a company’s outstanding shares of stock. Commonly referred to as “market cap,” it is calculated by multiplying the total number of a company’s outstanding shares by the current market price of one share.
Okay, so what?
When comparing two investments, it’s important to first examine the market cap of the investment. To examine the market cap of an investment, we’re going to take a look at PancakeSwap (CAKE), which is a popular investment and well-known project in the DeFi space:
From the above image, we can see that PancakeSwap currently has a market cap of $3,582,795,134 (3.58 billion dollars). This is calculated by multiplying the circulating supply (number of shares outstanding) * the price of $19.98, per the image above.
I see, whats Augury’s Market Cap?
From our Tokenomics and Triple Yield Advantage article, the initial circulating supply of Augury (OMEN) is 670,000. The initial market cap for Augury Finance at the IFO would therefore be 670,000 * $3/ea = $2,010,000.
Market capitalization is not the only factor that you should examine when making an investment decision. There are many other data points that can be useful when determining if a company is a good fit for your capital. These factors include (but are not limited to): understanding the product (e.g. what makes a product different or better than the existing products?), understanding how the product generates revenue (e.g. does the product have a way to make money?), the maximum supply of the product can be important as well (e.g. how many tokens will be issued and over what period of time?)
To answer the above:
- What makes Augury Finance different or better than the existing products? Our Triple Yield Advantage (read more here). Weekly Dividends paid out in a currency that you care about (USDC) and so much more.
- Does the product have a way to make money?
- How many tokens will be issued and over what period of time?
We have a hard limit of tokens set to 77,777,777. These tokens will be fully issued over a period of ~3.25 years.
- Tell me about the team.
At our core, we are a team of engineers. This is not a 1-person show. Our backgrounds consist of building enterprise-grade services for finance, retail, healthcare and small/mid-sized businesses. The team has worked together for over a decade at various large corporations. We have everything it takes to succeed in DeFi.
Our IFO Details
Details about our IFO have been published here: https://auguryfinance.medium.com/an-augcat-ifo-public-sale-procedure-c25d194c0b47
We have a very engaged Discord community, and we recently launched a Telegram community as well. Join us, follow us, talk to us. We’re here for you.