From what I see in Sight which built all my conviction so far:
1) the util is based on prediction markets for crypto. Listing tokens, stocks and events for a short period of time. We know how addictive and the volume prediction markets bring. Also think about elections (midterms) and other events coming up this year.
As for crypto markets, it could be quite manipulative, but it depends on what tokens get listed there on those events.
2) Dev background is surely big, and he seems capable of doing so. Shared his linkedin earlier. But I want to bring attention to RH summit. Not only for devs and the event itself, but also VC and others. Prediction markets are known to bring a lot of profits to the platforms, so there is most probably some big VCs attention;
3) Token holder and Genesis NFT holders will benefit from the platform revenue. 15%. And token taxes used as buybacks on the chart. So there are 2 benefits there. Token price for buybacks and revenue from the platform;
4) RH success comes directly from the bridge and liquidity of crypto and stocks. Tokenized stocks made trading easier. And prediction markets already are a trend in wallstreet. Being able to earn from those fees might look a great incentive for those who trade on Kalshi or Polymarket. Attention market is still lacking on RH, and they want to fill the gap;
5) RH already interacted to the dev prior launch. It doesn’t seem a surprise to see them engaging again. And I must say he met Vlad and RH director of prediction markets. As for Vlad, it looked a picture while Vlad was running right and left to attend people. But as for the director, it looked like a meeting. Not saying a RH endorsement, but surely a hub.
All that being said, 10+mi potential is there. I’m holding.
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