There is a special public sale next week, open for subscription from January 12th to 15th.
This method is different from the conventional ICO—it has no valuation cap. The starting price is set at 55 million FDV, but the actual transaction is unlikely to be this figure. Based on the current popularity, it is expected that it will need to hit over 500 million FDV to grab a share.
However, the mechanism design is relatively fair: in the end, it settles uniformly at the clearing price, so even if you quote aggressively, you don't have to worry about being a bag holder. More importantly, the tokens you receive can be circulated directly, without the annoying setting of a lock-up period.
Large funds may focus on this window period, as this combination of no lock-up and liquidation mechanism is rare. It is worth waiting to see where the final transaction price falls.
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There is a special public sale next week, open for subscription from January 12th to 15th.
This method is different from the conventional ICO—it has no valuation cap. The starting price is set at 55 million FDV, but the actual transaction is unlikely to be this figure. Based on the current popularity, it is expected that it will need to hit over 500 million FDV to grab a share.
However, the mechanism design is relatively fair: in the end, it settles uniformly at the clearing price, so even if you quote aggressively, you don't have to worry about being a bag holder. More importantly, the tokens you receive can be circulated directly, without the annoying setting of a lock-up period.
Large funds may focus on this window period, as this combination of no lock-up and liquidation mechanism is rare. It is worth waiting to see where the final transaction price falls.