9h ago
MetaDAO @MetaDAOProject and Genesis(Metaplex) @metaplex have been making waves lately with their oversubscribed ICOs in the Solana ecosystem.
Which one should you consider as a project looking to raise or an investor looking for new opportunities?
Let's break it down 🧵
MetaDAO is a Solana-based launchpad focused on decentralized project funding and launches using futarchy-based governance and "unruggable" ICO mechanics.
Projects typically involve ownership coins or tokens with community governance. ICOs operate via commitments (pledges), with caps on raised amounts to determine initial prices and FDVs; excess commitments are refunded.
Let's take a quick look at the token price performance of projects launched on MetaDAO to date:
Metaplex is a Solana-based protocol for launching tokens and NFTs, with Genesis as its onchain token offering toolset (not a traditional launchpad but a customizable protocol used by projects).
It supports presales, auctions, and fair launches with onchain mechanics like uniform price auctions. Projects often use fixed-price presales or auctions for transparency.
And this is the token price performance of projects launched on Metaplex to date:
Let's do a quick comparison between the two:
Average ICO/Presale Price:
MetaDAO projects average ~$0.25 (higher due to capped raises and high demand).
Metaplex averages ~$0.05 (lower, as it supports smaller, tech-focused launches).
Average Current Price:
MetaDAO ~$0.65 (driven by post-launch surges). Metaplex ~$0.14 (steady but less explosive).
Average Performance:
MetaDAO shows higher returns (~3.8x average, with Umbra at 7.9x), indicating stronger post-launch momentum.
Metaplex averages ~2.5x, with consistent but smaller gains.
Volume and Scale:
MetaDAO sees massive commitments (e.g., $155M for Umbra), reflecting high investor interest and community governance appeal.
Metaplex handles more technical launches, but raises are smaller (millions vs. potential tens of millions in commitments).
Number of Projects:
MetaDAO has ~5-10 recent launches (focused on governance/ownership tokens) with more on the way.
Metaplex has 10+ via Genesis (broader, including NFTs and DeFi utilities).
Launch Mechanics:
MetaDAO uses futarchy and caps for "unruggable" ICOs, emphasizing decentralization.
Metaplex Genesis offers customizable auctions/presales for transparency and scalability.
Between the two, MetaDAO is shaping up as the launchpad for future projects 🚀
Here’s why it stands out :
💰 High Returns: Projects like Umbra hit 700%+ soon after launch, driving massive investor demand.
🧠 Smart Governance: Futarchy + ownership coins = market-driven decisions & loyal holders.
📈 Scalable Hype: $76M+ commitments for Loyal prove huge appetite.
If you found this thread informative, please consider to follow for future alpha.📊
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