There is a lot of negativity in the BAO discord about the dilution effect that is coming when BAO is unlocked from LP rewards and the recent drop in price to below 0.0003 especially while you have tokens like SHIB and many other pumping.
One thing that you notice with markets is that they have the known future events priced in as people try and get ahead of their investments before it happens.
If you read through the new proposals that have been put forward in the BAO DAO they are looking at having a veBAO non-transferrable token which is given to participants in the community if they lock up their BAO which gives them more voting power in the DAO.
I am speculating that the people that are developing BAO have a lot of things up their sleeve to fix this problem ontop of veBAO which will be coming out soon and not to forget that they are looking to release Hard Synthetic assets which is the main reason that BAO could be front running protocol if they manage to make it work in a truly decentralised manner.
Patience to the team and I commend them for not giving in to frustrated token holders who want them to put money into marketing to try and pump up the price so that they can make money. This is the main reason I am looking to stay with the project long term and participate in Hard Synthetics.
Once they have the products to release and are released on their mainnet through the BAO token and not on the franchises I believe this project will have explosive organic growth through use like Ethereum has had.
I am adding this one to my weekly DCA and at full disclosure am not participating in any pools but just holding in my portfolio until Hard Synthetics are out as I believe they will have a working product.
Be safe out there and remember this is just my opinion so DYOR before you make any decisions.
One thing that you notice with markets is that they have the known future events priced in as people try and get ahead of their investments before it happens.
If you read through the new proposals that have been put forward in the BAO DAO they are looking at having a veBAO non-transferrable token which is given to participants in the community if they lock up their BAO which gives them more voting power in the DAO.
I am speculating that the people that are developing BAO have a lot of things up their sleeve to fix this problem ontop of veBAO which will be coming out soon and not to forget that they are looking to release Hard Synthetic assets which is the main reason that BAO could be front running protocol if they manage to make it work in a truly decentralised manner.
Patience to the team and I commend them for not giving in to frustrated token holders who want them to put money into marketing to try and pump up the price so that they can make money. This is the main reason I am looking to stay with the project long term and participate in Hard Synthetics.
Once they have the products to release and are released on their mainnet through the BAO token and not on the franchises I believe this project will have explosive organic growth through use like Ethereum has had.
I am adding this one to my weekly DCA and at full disclosure am not participating in any pools but just holding in my portfolio until Hard Synthetics are out as I believe they will have a working product.
Be safe out there and remember this is just my opinion so DYOR before you make any decisions.