Wow, this is a new coin every day! ON is preparing to go live on Binance alpha and contracts. So, should we go long or short? Let me quickly analyze it for everyone.
The ON project is a verifiable data infrastructure that uses zero-knowledge proofs and cryptographic technology to solve issues of blockchain scalability, privacy, and data integrity, supporting RWA tokenization and multi-chain data pipelines.
The total supply of tokens is 1 billion, with an initial circulation of 144 million tokens, accounting for 14%. It will be listed on Binance contracts at 16:30 today, with total project funding of 20 million USD, airdrop: 3.8% (TGE unlocks 1.4%), 1% for Binance Alpha TGE, and the airdrop unlocks only 1.4%. It's really highly controlled, with no pre-market price, pool price at 0.2 USD, corresponding to a circulating market value of 30 million, FDV 200 million. It's really difficult to blindly short this; we need to consider the performance after alpha to determine how to proceed. I will analyze it again after 16:00 once alpha is up.
