NADOLive
Nado Points· Season 2
Open interest
$76.96M
24h volume
$189.11M
TVL
$50.71M
Annual revenueVolume annualised at a 2.38bps blended take rate.
$16.39M
Points outstandingProjected: 32.6M counted 2026-09-09, plus 2.5M at 381K/week since.
35.1M points
RunningStarted 2026-05-21
158d
estimatedOur estimate — not published by the venueTracked total· growing ~381K/week
$
Multiples model: what comparable perp DEXs launched at, applied to this venue's revenue, volume, open interest and TVL. Range $119.37M–$529.19M.Regression on Revenue · ecosystem, n=10, refit daily on listing-day and live FDVs. Range $203.09M–$2.22B.
%
Not published — pick an estimate
Value per point
—
Add an airdrop % to price a point.
Your holding
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Enter your points to see what they're worth.
Sensitivity · $/point
FDV \ Drop
5%
10%
15%
20%
25%
30%
$58.67M
$0.08356
$0.1671
$0.2507
$0.3342
$0.4178
$0.5014
$93.13M
$0.1326
$0.2653
$0.3979
$0.5306
$0.6632
$0.7959
$147.83M
$0.2106
$0.4211
$0.6317
$0.8423
$1.05
$1.26
$234.67M
$0.3342
$0.6685
$1.00
$1.34
$1.67
$2.01
$372.51M
$0.5306
$1.06
$1.59
$2.12
$2.65
$3.18
$591.33M
$0.8423
$1.68
$2.53
$3.37
$4.21
$5.05
$938.67M
$1.34
$2.67
$4.01
$5.35
$6.68
$8.02
Rows are launch FDV (log-spaced around the FDV set in the calculator); columns are the share of supply going to the airdrop. Cells are the resulting value of one point, after any haircuts set under Advanced.
Fair-value breakdown
Annualised revenue$413.95M
$16.39M × 25.3×40%
Annualised volume$77.28M
$69.03B × 0.0×25%
Open interest$91.80M
$76.96M × 1.2×20%
TVL$209.40M
$50.71M × 4.1×15%
Blended fair value$234.67M
p25–p75 band$119.37M – $529.19M
Multiples fitted on 6+ comparable launches. Weights are normalised across whichever factors survive, so dropping one reweights the rest rather than scoring it zero.
PolymarketDisplay only · not fed into token probability
Token launch
- June 30, 20260%
- September 30, 20260%
- December 31, 202617%
- March 31, 202773%
- June 30, 202773%
- September 30, 202768%
- December 31, 202768%
Day-1 FDV
- $100M20%
- $250M18%
- $500M 18%
- $1B7%
- $2B4%
- $3B4%
OTC price history
No OTC quotes for this programmeQuotes parsed from Telegram OTC desks, deduplicated and outlier-filtered.
GET /api/points/otcDaily medians of anonymous desk quotes. Treat as sentiment, not a price — a desk that wants to move the printed mid only has to post into the channel.
Emissions & dilution
Every point issued after you earn yours dilutes your share of the same pool. A programme emitting steadily is worth less per point tomorrow than today, all else equal.
What we know0 facts
Season 1 (Open Beta, 2026-01-30 to 2026-05-21) distributed ~24.9M points; Season 2 opened 2026-05-21 with the invite gate removed and emissions switched from a fixed 950k/week to a volume-scaled pool of roughly 300k-950k. The 381k figure is what a community calculator shows at ~$500M average daily volume, so it moves weekly; points_outstanding (~24.9M plus ~7.6M) comes from the same calculator, not from Nado. There is no Nado token — points convert to INK at the Ink Foundation TGE, expected ~Q3 2026 with the formula committed to be published beforehand. The '30% of INK supply' figure circulating is unconfirmed and community projections run 3-10%, hence null. A separate USDT0 cash rewards programme started 2026-08-03 and is not points. UPDATE 2026-10-19: the Q3 2026 INK TGE window passed with no TGE and the Ink Foundation has published no date, so tge_expected is cleared rather than left pointing at a past quarter. The 32.6M count is the community-calculator figure from the 2026-09-09 research pass; the API projects it forward at the 381k/week estimate.
Statusactive · Season 2
Facts last verified2026-10-19 (6d ago)
TGE expected—
Airdrop share of supply—estimatedOur estimate — not published by the venue
Conversion ratios are set by each team at distribution time and no programme is obliged to ship a token. Never trade solely to farm an airdrop.