$IBRL

Market Cap: 33.98M

Narrative:

$IBRL is the first official token of @gavelxyz's new platform, developed by the @ellipsis_labs team, featuring a trading mechanism that “prevents MEV attacks.” Through a special AMM design, it reduces slippage losses caused by sandwich attacks, positioning itself as “secure trading infrastructure.”;

$IBRL attempts to standardize and regulate the presale process, claiming to maintain price stability through a mechanism of phased fund releases and token burns;

Risks and Opportunities:

The MEV prevention mechanism has not yet undergone third-party audits or large-scale trading verification, raising doubts about its actual resistance to attacks;

Lacks cultural symbols or community consensus support, token value relies on a single function as a “defense tool,” with low relevance to ordinary user needs;

Numerous well-known KOLs and influencers (such as @blknoiz06, @Wolfy_XBT) are on board;

The team's background is associated with core Solana developers (with @aeyakovenko briefly pinning promotional content), and top VCs like @paradigm, leveraging Umbra Research's technical achievements to build credibility, attempting to attract professional investors with a narrative of “institutional-grade infrastructure.”;

Other Information:

The Ellipsis Labs team has mainly developed two projects, Phoenix and Atlas, focusing on DeFi and blockchain technology;

Phoenix is a fully on-chain limit order book decentralized exchange running on Solana, providing transparent and secure trading, and has received investment from Paradigm;

Atlas is a layer two blockchain aimed at providing transparency and security for high-performance DeFi applications, currently in the testnet phase;

Contract Address:

ibRLJrmgVuZh3tdDpjGgU5CQCCxpxuer7B7ckjGdLsv