💥 Bitlayer (BTR) is about to TGE! Fundraising $26 million for a "top-tier" project
However, strangely, there hasn't been much widespread marketing on Twitter, and I haven't seen any airdrop news; the atmosphere is very quiet.
📊 Token Economics & Cost of Chips
• Total Supply: 1 billion $BTR
• Official Launch Price: $0.30 / BTR
• CoinList Public Offering Price: $0.20 / BTR (ended)
• Binance Pre-TGE Price: $0.02 / BTR
👉 At this price for new investment, there’s theoretically a minimum of 10X potential
👉 Even if it crashes at launch, it’s estimated to be hard to drop below $0.02
• The cost of chips from other channels is mostly above $0.20
• The price for private placement rounds and KOL rounds is unclear (at that time, the KOL round was at 200m...)
📅 Timeline
• TGE Time: Today
• Exchanges: Expected to be listed on mainstream exchanges
🔍 Key Observations
• Watch if the price will fall below $0.20 tomorrow
• No news on the airdrop; chip release might be more concentrated
• A team from China, launched in 2023; the product is indeed progressing
• But be cautious of 🐭 warehouse risks, especially with high volatility in the early TGE
• It’s suggested to take short-term profits and avoid prolonged battles
💬 Summary
This chip structure is very interesting; those in Pre-TGE got a great deal, while most others are at high positions, so the price trend will be crucial. A steadier strategy is to monitor the market and see if key levels break.
#wal #BTR #BTRPreTGE🌠🌠 #bitlaiyer @BitlayerLabs