1️⃣ Project Positioning

Tabi's core positioning is as an EVM-compatible Layer 1 targeting consumer applications.

2️⃣ Project Background

Currently, three rounds of financing have been completed, with the main core investor being Youbi Capital. Angel investors include Mask Protocol founder Suji Yan and Dragonfly partner Feng Bo.

3️⃣ Financing Background

A total of three financing rounds, with the first round raising millions of dollars, the second round raising 10 million dollars, and the third round raising 16.08 million dollars. Among them, Youbi Capital invested twice.

From the perspective of the investment lineup, Tabi's investors are primarily VCs from the Asia-Pacific region. Notably, Yzi Labs also invested in this project.

4️⃣ Participation Methods

Recently, Tabi officially launched the SBT event, which can be understood as an airdrop voucher. If we take a rigid approach, it would be quite similar to the previous Sign model, requiring the completion of the following tasks (specific links can be found in the referenced tweet):

1. Join the Tabi official community

2. Unified identity settings (add the symbol '💢' as a suffix to the nickname, replace social media profile pictures with those containing '💢' elements)

Both must be completed to qualify accordingly.

Additionally, there are community tasks, tweet rewards, and activities for early supporters.

I personally recommend participating in social tasks and tweet rewards, as they offer a better cost-performance ratio.

5️⃣ Overall Assessment

The project is largely speculative in value, representing a clear case of an overt strategy.

On one hand, the financing amount is quite substantial, and according to multiple sources, the project team is very wealthy, which means there is a large room for maneuver in the future.

On the other hand, the launch of the SBT event has led to unprecedented community activity recently. This indicates that the project is approaching TGE.

Therefore, given that the project side is financially robust and activities have been launched so swiftly, acquiring SBT at a high cost-performance ratio is appealing, especially since the free airdrop quota is attractive.

https://x.com/tabichaincn/status/1942175889384677596