Dear Investor,
We've secured a small premium allocation for a project launching with an initial market cap of 630k. Instead of immediately announcing the big fundraising project we discussed last week, we've decided to open a smaller raise for Synthr (https://www.synthr.io/), an Interopable Omnichain Liquidity provider. Synthr is fully partnered and integrated with LayerZero and Chainlink, making it a promising project with significant potential, especially considering its low market cap at launch. Chain interoperability is a crucial element in expanding and mainstreaming blockchain usage, and we're thrilled to include this project in our portfolio.
Synthr
SYNTHR’s mission is to enable a future without network-bound, fragmented liquidity - which often hampers efficient capital utilisation in DeFi - and to do it at minimum cost and zero bridge-risk to you. With over 1M+ transactions conducted across 9 different blockchains (including Ethereum, Polygon, Zksync, Arbitrum, Avax
and more), SYNTHR’s Testnet is primed to go public before the end of this year.
Biggest Stargate Finance competitor.
If we take a look at Synthr, they emerge as the primary rival to Stargate Finance, which currently sits at a $105 million market cap. What sets Synthr apart is its superior solution: the ability to seamlessly send assets from the EVM to the NON-EVM chain. This means you can transfer SUI on ETH with just a single fee. Unlike Stargate, which currently faces no direct competitors, Synthr holds significant potential.
Synthr is set to launch with a market cap of $630K. Even if they capture just 20% of Stargate's market share—the conservative estimate—the potential gains could be substantial, reaching 30x for us. Additionally, we benefit from a favorable vesting period, adding to the appeal of this investment.
Competition analysis
Traction
Direct support from LayerZero
our deal
Private extended (Special advisory round):
We've secured a unique allocation tailored for our team. The project recently received only $400K from investors because they obtained grants from other chains, making additional funding unnecessary. Our ability to invest stems from our network with advisors assisting on the project, leveraging our connections.
While an official round would grant us a smaller $20K allocation at a lower price, opting for this arrangement allows us to invest more. Although we're paying a bit extra, the benefits are significant. A larger allocation of $5K provides the potential for a 5x return, surpassing the gains one could make with a 10x return on just a $500 investment on a launchpad. Our aim is to offer everyone the opportunity for greater returns through this decision.
10% on TGE, 2 months cliff, 12 linear vesting
Token Price: 0.38$ per token ($500,000-530,000)
15% discount on the public pre sale price
Valuation: $22.4 million FDV
Token launch: Q1 2024
Initial market cap: $630,000
OUR ALLOCATION: $90k
MIN: 500$
MAX: 6000$
Fee: 19%
STABLE COIN: USDT,USDC (BEP20 ONLY)
