Avoid the DeFi Delusion
I think it’s important to understand that the appetite for DeFi is not as strong as it was during the bull market. To me, those who remain in this market fall into two categories, accumulators and scalpers. Neither strategy is wrong. There are projects, like Zeleboba, that I continue to buy and dollar cost average. I know its best days are ahead. I wouldn’t classify myself as a scalper. I’ve taken profits responsibly, leaving some on the table in order to help projects remain stable.
Others haven’t taken that philosophy. They wreck the chart at the first opportunity they get. This is DeFi, and it is to be expected. Few projects will succeed, and without some method of generating revenue beyond volume, everything is pretty much a Ponzi scheme.
Pause.
There are things that contract developers can do to make things less Ponzi-ish. These may include fair launches, max wallets, renouncing the contract, and limiting team supply just to name a few, BUT, in the end, revenue matters.
So What Does This Mean For Zeleboba?
Zeleboba is not immune to the current bear market struggles. Since migration, there has been very little positive action on the chart. People continue to sell in small amounts here and there, with one whale holder making an announced exit. Again, the appetite for DeFi isn’t what it once was, but that doesn’t mean Zeleboba is a troubled project. Zeleboba may visit a lower market cap before making a momentous run up. And yes, I used the word “momentous” intentionally. I’ll explain.
ZeleFX. That’s The Message.
ZeleFX is the key catalysts that can take Zeleboba to prominence in this space, and the success of the upcoming NFT release is a key component. I get several questions about the upcoming NFT drop and the Zeleboba ecosystem. How will this help the project? Why not use the funds for buyback and burn? People have already spent funds on the token, so why would they buy an NFT?
I really want people to step back and see the BIG picture. A well-funded ZeleFX will bring Zeleboba a constant stream of revenue from outside of crypto. For those who need a reminder – ZeleFX is the Forex trading bot that generates micro profits from constant trading on the Forex market. ZeleFX currently has just over $7,000 in trading power that generates a few hundred marketing dollars monthly for Zeleboba. To date, these funds have been used for such things as an X (Twitter) campaign with Crypto Miners and a DexTools update. Remember, trade volume for Zeleboba hasn’t been significant enough to show huge benefits from the new buy and sell taxes.
The Math Just Works Out
A complete mint out, which at the moment seems like a lofty goal, will see ZeleFX’s trading power increase beyond ten times where it stands currently. Taking a conservative Forex trading approach, ZeleFX can potentially bring thousands of dollars monthly to Zeleboba. I used “potentially” because there are always risks, but those risks are lessened based on the trading strategy. The Zeleboba team is all about moving safely, so there is no interest in deploying a high risk – high reward strategy. Current estimates show that funding ZeleFX with a large portion of NFT mint fees will earn the project in excess of $4,000 monthly.
BOOM!
This is serious revenue for a project sitting around a $40,000 market cap. The potential uses for this revenue are near limitless, with marketing and development being on the top of the list. But…why not use buyback and burn? In my opinion, buyback and burn is the wrong strategy to engage in at this time. With less than 150 holders, a low market cap, and no presence on CoinMarketCap or CoinGecko, I believe it’s far too early to burn tokens. Yes, $4,000 can make a significant impact on the chart, but is it sustainable? And how does buying and burning supply place Zeleboba in a better position long-term? We are all anxious for green candles, but I believe that telling the Zeleboba story and using funds to attract more holders is the better strategy. Burn can be explored once certain holder and market cap milestones are met.
But, I Still Don’t Understand These NFTs
Fair.
People have been burned by NFT collections in the past. The Zeleboba collection is different. For one, the art and PFP concept are amazing and fun. (I just dropped a nugget for those of you who may have missed it.) Zeleboba is going with the highly popular PFP concept for this NFT collection, and as I stated in a previous post (likely on Telegram), these are not characters that have been previously introduced by the team. Everything is new! I’m an educator at heart, so it helps me to break things down in a way that makes sense.
Zeleboba NFT Collection Benefits
For NFT Holders
All NFT holders are eligible for random giveaways and airdrops.
Holders of rare, epic, or 1 of 1 NFTs are eligible for a percentage of profit share from ZeleFX.
The NFT buyback and burn model will increase the floor price and, over time, allow holders to sell at a profit on the secondary market.
First generation NFT holders will receive future incentives as the project grows.
For Token Holders
Fees from NFT minting will be used to generate revenue for marketing and development. This should bring more exposure and attract more holders. In theory, the value of the Zeleboba token should rise with additional holders joining the project. Additional holders lessen the impact of whale dominance on the project.
Taxes from new volume will be used for marketing, development, and liquidity.
For The Team
The ability to fund ZeleFX with NFT minting fees will create a steady stream of marketing and development revenue.
There will be funding for other planned ZeleTools.
Full mint will expedite the Zeleboba roadmap and place the project on a path to sustainability and profit.
ZeleFX acts as a hedge against crypto market conditions, so Zeleboba can progress regardless of the crypto bear market.
Answer The Main Question
Is there a path to profitability for Zeleboba? Absolutely. Even if the NFT collection doesn’t reach full mint, the additional funds fed to ZeleFX would benefit the project and holders. Full mint would likely expedite the profit potential of Zeleboba. The team are already discussing the best NFT platforms and ways to market the NFT collection. It will be up to holders to be educated on the NFT collection and help drive excitement around it.
I am biased, but at a $40,000 market cap, I believe Zeleboba has the potential to outperform other better known meme coins that do not currently have revenue-generating capability. At worst, I believe Zeleboba will dominate the Arbitrum meme coin space. I am a member of the core team, and I currently hold just over 1% of supply. I fully intend to keep accumulating Zeleboba in alternate wallets until I reach my holder goal.
CoinOodles.com 
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