Hmm… But how can you still call it an exclusive sale session when the price difference between the Origins and Evolution is very low? How is this motivating for the early supporters that still allocated their funds to get in this project?
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As discussed on Telegram. Here are the sources for my analysis above:
New users can only put 2 links in a post 
Uniswap:
Aave:
Thorchain:
icodrops[dot]com/thorchain/
Perpetual Protocol:
icodrops[dot]com/perpetual-protocol/
Injective Protocol:
icodrops[dot]com/injective-protocol/
If you think this is not a good analysis because it looks at USD pricing from a totally different time - how about weighing up Sovryns price to the Bitcoin Stock-to-Flow valuation model from Plan B? Bitcoin reaches 300k this year - where does that put the valuation of Sovryn? How much is 10ksats worth then? Is it realistic for SOV to outperform BTC in the next 10 months with such a high valuation?
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One perspective on why to scrap the Evolution sale and go straight to open market:
There are early supporters who didn’t manage to get into Genesis.
They might have not been randomly selected for the Origin mail-list either.
They are still waiting to get allocations for the project they love and care about.
With each passing day, the word spreads about Sovryn, increasing demand.
If we let it on the market now, instead of engage in another presale procedures, these early supporters can utilize their knowing to buy on Day 1, before the work spreads even more. If we create a presale, that’s another 2-3 weeks of hype that will increase the amount of buyers, and diminish the chances for early supporters that have not got into the overcrowded presales.
That is one point. Another point is the growing tension in the community regarding the pricing. The easiest way to solve the dispute about going left or right, is to just go straight.
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This is great. Will review and comment. Thanks!
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After reading all of the input I think the best way to move forward is to go straight on the market.
10k sats was too high of a price for Origin, but that doesn’t mean you have to lose momentum. Go live with 12.5-15k and let the market decide. As @AlykzAlex put people may be waiting to buy in if given a chance.
Stop wasting precious time with another month of price discussion and get on with it. What comes, comes. Let the market decide.
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Go straight on the market seems like a very good idea. I also like the idea of airdrop tokens for the origin sale participants. Seems that in the telegram group many people in origin sale is dissapointed about the price. Airdrop will make people love the project even more.
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In any case, I do feel Origin participants deserve a little more love. Whether it’s in the form of the airdrop as someone suggested or something else, but we can clearly see the sentiment regarding the change of pricing between sales.
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I think we should respect those who have been working on this project for a long time. When someone says that the price does not represent its value, I think they are only thinking about the price difference, and do not care about what Sovryn represents.
I think that comparing the initial investors with the current ones, to ask for a price that pleases everyone, is like thinking about distributing an inheritance, instead of building value.
So, in line with my previous post, it is important to attract those who believe in the project. Equally, it is valuable to know who wants to exit as soon as possible and help them to do so soon.
There may be investors who find the initial price too high. At the same time there are many investors who were not lucky enough to be able to buy at origin and who would be willing to pay their price, I suggest that the first ones redeem as soon as possible and the released amount is offered (to those who did not receive the mails) at the same origin price before the evolution sale comes out. That way we make everyone happy. It is good that Sovryn has happy people inside.
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From project perspective you just dont want to create an airdrop after you messed up the price for Origin.
You move on and accept that by not doing that is best for the project and most likely for your investment aswell.
One thing I really don’t understand.
Why we have to discuss origin price point in the way we do now?
I mean (at least to me) it was very clear that it’s a set range of 10k down to 3k. If pre-deposit fully fills it equates 10k sats. If not fully subscribed, every pre-depo automatically has a bid at 10k on first dutch auction block… having advantage over other participants who still have to make deposit/bid on the block/price point they desire.
It was heavily oversubscribed. Therefore, if on free markets / exchange listing → price would have been way higher than that 10k.
Sure, scooping up at cheaper rates is (would be) nice, but mechanics have been clear. It is what it is.
If we still need/want another sales round then I’d probably vote for dutch auction again but with far wider stretched price range. Like 50k sats down to 15k or something in that realm. That way yet another sale is possible, but with a very good chance of finding “real” current fair pricing.
(But it’s already highlighted dutch would create some overhead to the dev team).
Else, if asked for fixed price point;
15-20k
Better, and highly preferred imo would be to skip sales rounds and open doors to any interested parties and let price build and flow naturally (for new ones and also those who missed genesis/origin rounds)
Edit:
But I do also see tremendous benefits of attracting ETH crowd by holding such “ETH sale”.
Doesn’t change my opinion of what’s written above, just to keep balance on what’s best to move forward.
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Agreed, let’s just have another Dutch auction with a possible clearing price of 40/50k sats (if fully allocated) and minimum price of 15k. Let’s let the market and its demand determine the actual price, similarly to how we’ve done it in the past.
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So AlykzAlex proposal of fixed 17.5k SAT makes sense. On the other hand - making open sale on exchanges at this stage, could be also very good solution. Why not combine both - sale on exchanges starting @ 17.5 k SAT. It might be a good compromise. Market would decide the price. The only concern I have - are whales…
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Yes, I’d fully support that.
As it would also be my preferred option.
It could be listed/tradeable on sovryn app only by now/first weeks.
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if you want to do the origin/presale supporters a favor a partnership with a Bakeryswap or Pancakeswap would be great.
I would love to be able to stake/pool/farm SOV.
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Btw, how you mean that: “whales”
Like whales buying into (rather thin) books or
whales selling into demand (or possibly emptying books)?
Selling, imo shouldn’t be too much of a concern rn, as all the bigger chunks should be vested anyways. To become a liquid whale, you’d have to buy on market first.
yes i agree with this
I mean whales buying on the open market… If they woudl buy it, then they could easly manipulate with SOV price.
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I think the price of 15k-20k sats for the Evolution Sale seems to be reasonable. If the interest is as good as Origin sale, we can be sure of a very healthy community uptake of SOVs.
I think the main thing we should be looking at is how many SOV tokens will be floating out in the market after launch, and what potential prices they are trading at open market. Assuming demand is still consistent, we should be seeing prices above Origin/Evolution prices. I think the primary things we should be looking at is how we can stimulate for SOVs to be locked into Liquidity Pools so the incentive to stay in SOV is there regardless of what prices SOV is trading on the open market.
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Hyde you raise a valid point. The more tokens can get distributed via eligible presales, the better we protect ourselves against whales buying up to manipulate prices.
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KCoin that is not really related to price discussion and presale. You should ask in forum or discord