PEA

Gamified ponzi on top of Robinhood. Launched 3 days back only. So essentially, we are early late and not late late. Same team as Bean on base.

Mechanics:
25 squares. Each player can bet any amount of eth on any 1 or all 25 squares at a time. Each game lasts for 60 seconds. A verifiably random (Pyth VRF) number selects one of the 25 squares. Irrespective of how much money is bet on each square, the selection of winning square is random.
90% of bet money is distributed to winning square betters.Suppose none of the player bet on winning square, then the entire pot goes for token buyback and burn.

Protocol Fee:
10% of eth bet by each player is taken as protocol Fee. 95% of this protocol fee goes for buyback and burn. Remaining 5% is paid to token stakers. Staking do not have any cool down and current apr us around 500%.

Jackpot:
Each game has 1.1 Pea minted. 1 Pea goes winning square and 0.1 pea to Jackpot. This jackpot is not associated with winning square and can activate anytime across multiple games. It keeps accumulating till its doesn’t activate across games. This jackpot in form of tokenised equities. Odds of winning are 1 in 333.

Tokenomics:
Max supply: 3m
Supply minted: 11336 (Most of it is locked on sablier till October + some is staked as TVL)
Circulating supply: 25% (so actual mcap is only 25% of what Dexs shows)

Protocol Revenue:
Defillama
Protocol is clocking $500-600k fee since day of launch. 90% of it is going for buyback and burn. Annualized fee is $200m (still early days of ponzi though).

Buyback Wallet:
0x2c2352c43f17E22aBE61eFEA4e0Fe478658C4Eb3

Doing more revenue than 10 top combined including Pons. Integrated RWA tokens as rewards. Can also deploy agents to automate strategy for the game.

Nutshell:
·       Ponzi is generating $500k revenue everyday for buyback and burn. On an average, 0.3eth worth tokens are bought back and burnt every minute.
·       Current mcap of $2.7m (circulating is around 8m including sablier and stakers) against a buyback of $500k everyday.
·       We are early-late imo and not late-late.
·       Keep watching the volume on the game. If they sustain, ponzi is going much higher imo as more volumes on game means more buybacks, which will eventually push prices higher.
·       As always, it’s a ponzi and therefore my gambled amount is lower with expctations of higher risk reward.

Socials:
🐦 https://x.com/minepea_

Cheers !