Alpha Project Analysis (Non-Guanxin Edible Version)
Institutional Perspective on Towns @TownsProtocol #TownsProtocol
TL;DR
1. The background is great; expected to achieve a grand slam (upbit + Binance + coinbase)
2. A landing-type project that has secured a position in the Coinbase ecosystem and also validated the project's feasibility
3. This is the token splitting project of TownsProtocol
4. The financing bubble level in 2023 is low, with an estimated valuation of around 150-200 million
Financing in 2025 also falls within this range; the table is extremely strong
5. Expected to open high; active MM is weaker; trade at an opportunistic high opening range
6. The low buying price should be below 250 million USD
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For those who prefer longer versions:
1. The table is extremely strong and belongs to Towns Protocol's own project
a16z, Coinbase, Benchmark, Framework, Echo jointly invested, and all investments are in 2025
2. The A and B round investment times are both in 2025, totaling 13.3 million USD in financing, which means that Towns has grand slam expectations; Binance, Coinbase, and Upbit will essentially be on the way
3. In terms of valuation, the financing of 25.5 million USD in February 2023 was already in a non-bubble valuation stage; the project is valued at around 150-200 million USD
This year's 13.3 million USD almost aligns with this valuation level
4. It can almost be determined as a North American project; for this type of project, a high opening means there won't be overly PVP market-making performance; active MM can be weakened, which also aligns with the logic of a high opening
5. The high opening accumulation range has an FDV in the range of 200-250 million USD
This means that those who recognize the project can try to position in spot trading at this level
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As a side note, it is spot trading, not contracts, that drives the prices of altcoins
Be aware of the risks of contract explosions against counterparties; such examples are not uncommon.