Variational won't delay its TGE If they do, I'd see it as a bearish signal rat… · @muarmemuar · TwKit

@muarmemuar

Variational won't delay its TGE If they do, I'd see it as a bearish signal rather than a bullish one Lucas and the team were consistently saying on podcasts and in Discord throughout the year up until September that they had no plans to extend the points program. So when they announced on September 24 that they were extending it due to upcoming major partnership announcements, the trading API launch, and other developments, CT took it pretty well Any further extension would only fuel more FUD around Variational and invite comparisons with other perp DEXs like GRVT, Paradex, and others that kept extending their points programs multiple times to squeeze more money out of users while they still had people trading on their platforms The broader crypto market doesn't have that much of an impact on Variational. Back in September, when BTC was at $87k, the odds of a $1B FDV were around 70%. Now, after the Binance hack and BTC dropping from $87k to $77k, those odds are still at around 56%. That's because Variational is expanding beyond crypto and moving into RWAs. So I don't think there's much point in looking at current market conditions or where BTC is trading. Lighter launched its TGE with BTC at $87k, while Backpack did it with BTC at $69k. If a project starts using market conditions as an excuse to push back its TGE, then it's just OpenSea all over again, repackaged. Another project hiding its greed behind the excuse of "market conditions." However, now that we're already in November, if we still don't see any major partnership announcements or the trading API launch this month, and their X account continues to be filled with nothing but podcast snippets and posts about how cheap their spreads are on RWA assets, then it would genuinely be a reason for concern But I don't see any reason to spread FUD prematurely. Let's just wait for Variational to deliver something big in November. I'm confident the team is preparing something interesting for us

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