Are TotG undervalued? Insights on Gods Unchained token supply and market capitalization from gutools.net

in Gods On Chain3 years ago (edited)

Hi Mortals,

here are some new insights from gutools.net.

GUTools analyzed the token supply per GU set and rarity (only Meteorite quality was considered) and came up with the following chart.

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Divine Order tokens have already passed the Genesis and TotG supply some time ago and these tokens are still mintable. There is no closing date for Divine Order minting announced yet.

Obviously, Core tokens are increasing since Forge reopening and will certainly numerically overtake the other sets in the course of the time. Taking into account that IMX has enabled a burn mechanism and GU can now implement Shiny card forging, an effect on especially the Meteorite core token supply is very likely. GU already has announced in their new P2E concept to grant higher rewards for playing shiny cards. This will result in a certain dynamic and could stabilize the Meteorite Core token supply.

Comparing the Genesis and TotG supply it shows that across all rarities the TotG is more limited than Genesis. As the amount of cards vary between sets, we also included this fact in our ratio analysis. The ratio serves as a normalization of the token supply and is calculated by token supply divided by number of cards within a set and rarity:

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An interesting insight is that after normalizing the token supply, TotG tokens in common and rare rarity are rarer than the corresponding Genesis tokens. It is vice versa when it comes to epic and legendary tokens. This raises the question whether TotG is undervalued. That being said, Genesis cards are cosnidered as "Evergreens" and might be playable on Ranked for an unlimited time, whereas TotG are not yet excluded from set rotation and might never be.

GUTools also had a look at the market capitalization. The Genesis set is clearly leading and mostly driven by Demogorgon, PW and Jason. Check out gutools.net for the market capitalization of the cards in the other sets and other interesting analytics like playset prices.

What is your impression about the development of the token supply with regard to burn mechanism and Shiny card forging?

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See you in the arena!

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I think it's hard to say whether cards are undervalued just based on how much supply there is because prices are largely driven by demand. It's just the case that fewer ToTG cards are in meta decks right now as compared to Genesis, and if future expansions introduce new meta decks with many ToTG cards included, their price will shoot up considerably.

I also actually think Shiny card forging won't affect the supply too much unless the shiny rewards turn out to be much better. Most people won't have 5 or more copies of a certain card unless they buy large amounts of packs.

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