Kinetiq Airdrop is coming soon whats a fair valuation? Ive seen people predict that $800M+ FDV seems realistic. Quick comparison for TVL, Revenue & FDV of competitors Kinetiq • 2.5B TVL, 2M annualized revenue, ? FDV Jito • 3.5B TVL, 12M annualized revenue, 1.6B FDV Lido • 38.4B TVL, 107M annualized revenue, 1.2B FDV Obviously Token ≠ Token, outcome can be entirely different because of token distribution, target group and future outlook etc. I think its going to launch < 1B FDV - Assuming airdrop is 20%+ thats a lot of sell pressure - Only 2M revenue for that TVL is quite low - People tend to overvalue these things, im not very familiar with kinetiq and its not just some fork like Kittenswap but it didnt reinvent the wheel. Competitors like LDO are barely trading at 1B with more than 10x the TVL & revenue. One can argue that LDO is a giga cursed token and that JTO is a better comparison + Kinetiq would be shiny new token and .hls have a pronounced hodl mindset maybe im missing some stuff (I did not farm Kinetiq btw)