$RDAC 60% fixed APY staking. APY paid in USDC. Starts 9th Dec. Max cap 60M Rdacs.
This will bring some tightening in float supply as there's 30M token unlocks every month.
But any expectation for some meaningful rally should be held with consideration that team tokens will take more months (more than18) to fully unlock. We generally see rally just before unlocks. So expectations for rally should be held low until full unlocks. However, this staking will balance inflation to some extent.
Project has raised 10M from VC and 3M from public at 70M FDV. It's currently sitting on 3M FDV. Token price has been continuously falling since TGE. Recently interest is growing with CineFi Yield Products and upcoming token merger with Tenset. Redacted acquired Tenset a month before.
With projects building, it seems Rdac has found the bottom if overall market conditions don't deteriorate heavily.
DYOR. NFA.


