Today Binance Wallet's @BitlayerLabs new token offering, should we participate?
Price $0.02/BTR, raising $400,000 BNB, 20M tokens. (2% of total supply)
I analyzed it:
1️⃣ The odds are attractive
Cost $0.02, even if it opens at $0.10, that's 5x.
If the market is good, $0.3-$0.4 is also possible, which would be 15-20x.
2️⃣ Many chips, high selling pressure
Since last year, there have been various activities, sign-ins, and Boosters, and the project party owes a lot of tokens. Many people reported spending dozens of U on gas for tasks, worried about reversing profits. 🤔
CoinList public sale: Price $0.15-$0.20/BTR, raising $4 million, 20M tokens (2% of total supply). Some 100% TGE unlocked, some (US) unlocked after 1 year.
X Community prediction: They believe the initial price may be between $0.20-$0.30, 1x-1.5x public sale price.
3️⃣ The technology has potential
BTC security + Rollup + BitVM cross-chain, a solid narrative, but the ecosystem is still being built. (as ChatGPT mentioned)
Backed by significant capital, the path is clear, but in the short term, it will mainly be speculative trading.
My thought is to participate if I have enough. If it opens above $0.25, I will exit immediately; if it opens low, I will consider it a long-term hold. But I need to keep an eye on the upcoming unlocking times. What about you? 🧐
