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My $George thesis: (7N4THX3PV7UcXzPTbLg8dFrzLCKTpdA5zS3qSFbpuBLV)
More Monuments is a non-profit organization focused on building ambitiously large scale monuments. Their primary objective is to ensure that America has the most grand and inspiring monuments; this patriotic ambition embodies the organization, and is evident in their planned projects. Their most recent project, 'The Wellspring of Progress' is a strong example of this; it's a 52-54ft sculpture replicating/commemorating the Spindletop oil gusher, a discovery that changed Texas forever and marked the start of the petroleum industry in 1901. Their other new projects are even more ambitious, and that's where The Colossus of George Washington comes in.
More Monuments is planning to build a 500-ft tall Colossus of George Washington for America's 250th birthday next year. This is absolutely huge as this would mean the statue would eclipse all existing American monuments, even towering over the Washington monument and the Statue of Liberty, hence the title Colossus. It wants to be the largest monument in America. For this, they'll need all the funding and support they can get. While More Monuments isn't a Web3 organization, it makes sense as to why they decided to raise with Believe, as the launchpad provides immediate cash flow via fees and those fees will accumulate as long as the org keeps building (which they will). This would essentially mean that the coin is here to stay, as there's no risk of the org just disappearing like we've seen in the past with other Web3 orgs. For that reason, the fact that this project is priced at 1M at the time of writing this is absolutely insane when compared with other high-profile Believe launches.
Lastly, the patrons and mutuals. MoMonuments (the CEO) is followed by Marc Andreesen, and the patrons on the More Monuments website lists him along with Jeff Bezos, Donald Trump, and Elon Musk. These are the individuals that have interacted with More Monuments in some form or another, and greatly add to the validity/credibility of the org.
Final thoughts: More Monuments' aims, America-first values and track record should be more than enough to understand that their token is extremely underpriced right now, and is due for an extreme leg-up within the next few days. 20M+ wouldn't be a stretch even in this market, and I'm excited to see the project unfold.
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