【Today's TGE】#tge

velvet

Fundraising 151 BNB, a bit low, currently 170x, expected to exceed 200x, overfunding at 200x, is there still profit? Will everyone participate? 🤣

Introduction: AI-driven on-chain asset management platform, raising $3.9 million.

Total Supply: 1 billion, BSC chain

Circulating Supply: 248.26 million (24%)

TGE Time: 16:00~18:00

Listing Exchanges: Binance Alpha, Kucoin

Evaluation: Invested by Binance, $3.9 million raised. Binance wallet has had a wallet task where 30,000 people shared 8 million VELVET, rewards distributed roughly based on a value of 0.05u (50 million FDV, wallet activity valued at $400,000 rewards). Valuation is relatively high, halving seems reasonable. Initial opening price estimate: 0.025~0.05u. Set up quickly for TGE, take profits when they're available.