『12.22 $BTW New Coin Research』
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$BTW @BitwayOfficial【Pre-sale Play】
CA(BSC):0x444045b0ee1ee319a660a5e3d604ca0ffa35acaa
Pre-sale time 16:00 - 18:00, opening time will be notified separately. No airdrop information seen
Total token supply 10B, initial circulation is 20%【‼️This part of the information cannot be guaranteed, two Bitway can be found on CMC, corresponding to different tokenomics】
3% Booster activity (TGE releases 0.5%), other Tokenomics information not disclosed
The fundamentals consist of a CeDeFi stablecoin yield protocol and a BTC Layer1 infrastructure protocol【‼️The original project name was Side Protocol, which had already undergone TGE around the end of last year, and after the name change, it received investment from Yzi】
A team of locals + foreigners, the Chinese co-founder has previously worked as a researcher at Binance Labs, and another co-founder met while working at the previous company, with an overall background that is quite standard
Round 1 30 million FDV financing 1.5 million USD, that is financing 5% tokens (2023 financing, institutional background is quite average); there is also Round Yzi Labs strategic round, specific information unknown
Pre-sale terms: 50k financing 1% tokens, corresponding to 5 million FDV. 216 threshold
Play: Overall fundamentals are quite average, if the performance after opening is good, it is highly likely that the project party will find market makers, there is room for play. Coupled with Yzi's strategic investment, there are expectations for contracts (but I don’t think it’s likely to launch soon)
No airdrop information seen, so overall selling pressure currently only comes from Booster + Alpha pre-sale part
The predecessor Side Protocol I remember had issued coins once, at that time it was said to be issued on Sol and its own chain, but I have not found specific tokens. I only have a vague impression that the performance at that time was quite average (if there are familiar friends, please feel free to add haha)
Overall, I think there are quite a few potential pitfalls, let’s wait and see how it goes after the opening for a while
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Still DYOR haha
#Alpha新币分析 #Bitway