Autonolas
OLAS
Target Name
Autonolas
Ticker
OLAS
Strategy
long
Position Type
token
Current Price (USD)
1.95
Circulating Market Cap ($M)
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Fully Diluted Market Cap ($M)
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CoinGecko
Trade Idea: Autonolas ( $OLAS ) - AIP-6 Proposal
13 Dec 2024, 02:39pm
Rumors have been circulating within the Autonolas community about an upcoming announcement regarding the Autonolas Chain. Intrigued, I decided to investigate further. After confirming the rumors and learning that the announcement is expected next week, I see this as a strong trading opportunity. The project aligns perfectly with the AI agents meta and has a clear catalyst on the horizon.
@sfgangloff and @david_enim (Co-founder) have been drafting a proposal (AIP-6) exploring the optimal framework for the Autonolas Chain. The draft outlines three potential approaches:
· Optimism Superchain Framework
· Arbitrum Orbit
· RaaS (Rollup as a Service) with Gelato
Link to the draft: https://github.com/valory-xyz/autonolas-aip/pull/6/files#diff-a941d73e878025f972d6f0cc91d43863863c11919d1a34b71173fb07f010e413
The proposal lists several key advantages:
1. Revenue generation: The protocol could capture sequencer fees as profit.
2. Cost-efficiency: Native $OLAS mechanisms would operate more efficiently.
3. Increased adoption: Gas fees from tools like OLAS Predict would directly benefit the ecosystem.
4. Enhanced scalability: Improved infrastructure for Autonolas applications.
5. Strengthened utility: If $OLAS is used as a gas token, it would reinforce its status as a utility token.
Development is estimated to take 12-24 months, with potential acceleration if the RaaS route is chosen.
Multiple sources suggest that AIP-6 will be officially announced in December, potentially as early as next week.
While the team has historically resisted CEX listings, they appear to be warming up to the idea. A potential Tier 1 CEX listing could be announced soon, adding further upside potential for OLAS.
A comparable event to consider is the Arweave chain announcement, which serves as a precedent for the potential market reaction. Following the announcement, the $AR token experienced a 400%+ price surge within just a few weeks. This highlights the significant upside potential that similar development announcement, such as the launch of the Olas Chain, could unlock for the OLAS token.
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Affiliate Disclosures
- The author and/or others the author advises do not currently hold, or plan to initiate, an investment position in target.
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