The previously mentioned slaunch has made new progress
slaunch_xyz is the first InfoFi and IAO (Initial Attention Offering) platform on the Sui network. The platform token s is 100% community issued, with no VC and no team reserve.
In fact, there are also virtual shadows in the gameplay, but the narrative core has shifted from AI to attention.
First, let's talk about the utility of the token. There are actually two points that are quite meaningful:
1. Hold, stake, and trade s to earn points, which can be used to participate in future platform listings.
2. Project parties use s to create presales and activities.
Other aspects like governance and reward fees are old news and not significant.
The total supply of tokens is one billion, with 70% for community sale and 30% for adding liquidity.
The fundraising target is 21,000 sui, which at the current price is less than 60,000 USD, meaning the implied FDV of the sale is around 80,000 USD.
Moreover, 75% of the raised funds will be added to liquidity, which is a very appealing aspect for me. When a project's narrative is strong and the presale target is very low, the expectations become very optimistic.
With a 100,000 USD FDV presale, as long as they don't run away, it will be hard not to see price increases. I also believe that the Sui ecosystem indeed needs such a launchpad to fill the ecological gap.
Currently, the official announcement states that the token public sale will have a white list round and a public round, with a high probability that everyone will have the opportunity to participate.
However, the product has not been completed yet, nor has it received clear support from the Sui officials, so there is still a risk of rug pulls. Whether to participate ultimately needs to be observed; I will continue to follow up.
