Decided to take part in the Jumper sale on Legion with a $25k deposit, this is my reflection on whether it is worth it or not. Jumper has been my preferred bridge/swap for a while due to its close-to-zero fees. Earlier on, I've been using Stargate, Debridge, Synapse, among others. For swaps, I think it fills a similar role to DeFiLlama Swap, and I usually check which of the two is cheapest. I believe many are like me here, that they compare several bridges/swaps to find the one that gives the best exchange rate. So yeah, is it worth investing in JUMP? Well, the thing is that they're moving beyond only bridge/swap, and plans to turn it into an everything Exchange: perps, RWA, earn, more Advanced trading, etc. The JUMP sale launches at a $75M FDV, with 4% allocated to the public sale. 50% is unlocked on TGE, and the last 50% is unlocked linearly over 4 months. Is a $75m FDV worth it in this market? It depends whether the market sees it as a bridge token or as the everything app-token. They just recently turned on fees for swaps/bridging, so it's not easy to calculate what the token should be worth. But to compare, Debridge is for example $220m FDV, and tbh they have high fees. Jumper is already the number 1 aggregator by bridging volume, and it feels wrong to not participate in a sale for the token of the market leader (even though the revenue picture for the future is a bit unclear). Some questions I still feel are a bit unanswered, though, are: what role will @lifiprotocol play in this, and how much revenue can Jumper actually bring in here? Community XP and the top 500 waitlist spots get priority for the sale btw. There is a minimum buy in of $1,000 which is positive, because it lurks out all the people that tried to "game" their XP Points. IMO the biggest competitor is prob Relay atm, which I do also find cheap to use, but most often Jumper beats them in terms of fees. Now it is counter-intuitive though, because for the users you want low fees, but from a token perspective you want high fees (revenue generation). Pretty long team- and investor unlocks, which should be positive initially. Already $22m deposited into the sale, so I doubt you can get in with a good size here, but it is worth trying. The combination of a bullish market + the fact that @jumperapp is the market leader makes me think that the FDV can be justified. Trying my luck here, and let's see if I can get a spot in the sale. PS! Would prob slam harder than 25 bands, but it's already 22m (1,139% oversubscribed). The chances feel slim to get much in, and yeah, I guess my 25 will be slashed. DYOR, NFA.