Today's new coin $SAHARA was sold at $0.145, 2.4 times as expected. The large pork knuckle rice from Binance Alpha that was missed has been supplemented by the public offering of Buidlpad, very satisfying.

Previously, the valuation of 600 million was considered high by many friends. However, with the support of 'Buidlpad + Binance + Upbit', the FDV peaked at 1.58 billion USD and is currently around 960 million; the opinions of both sides who disagree are understandable. Those who think it is overvalued attribute it to the impact of the big market, with BTC standing out alone, and the market indeed lacks sufficient liquidity. On the other hand, those who think it is undervalued see the luxurious backgrounds of Pantera + Yzi Labs + Polychain, and the historical performance ranking fifth in the financing amount in the Web3 AI track.

In the short term, it is difficult to determine a winner, so let's broaden our perspective and look for related projects for reference.

🔸 AI Layer1 Track

Another AI Layer1 project invested by Polychain is Bittensor, currently with a $TAO FDV of 6.75 billion USD.

- Financing situation: Not disclosed, inconvenient to compare.

- FDV: $TAO FDV 6.75 billion USD, $SAHARA 960 million USD.

- Listing situation: TAO is listed on Coinbase + Binance, while SAHARA is a combination of Upbit + Binance.

TAO TGE took place on 2023.03, also in a not-so-good market; for a period after opening, the FDV was only 450 million, but subsequently rose significantly as the market improved, and even now it still has several billion in FDV; 'timing, location, and harmony' are necessary to create an impressive opening FDV, correspondingly, the script of first suppression and then rise is only a reward for diamond hands.

🔹 Buidlpad Public Offering Project

SAHARA's previous $LAYER also followed a first suppression and then rise script (although it has dropped quite a bit now...), with the FDV peaking at 3.2 billion; it must be said that Buidlpad's project selection standards are still quite high, at least both are genuinely working projects. On the day of SAHARA's TGE, the team also announced the news of the launch of Agent Builder and AI Marketplace testing, making it hard not to have a good impression of projects that are 'stingy' yet serious about their work, haha.

In summary, from Binance's contract data, it is not difficult to see that it is again a moment when both sides are exchanging xx, so let's let the bullets fly for a while longer. 🔫