I previously participated in the airdrop from @reddio_com and found a two-for-one opportunity, so I'm sharing it.

The official tweet introduced a protocol, raising 2 million and not yet issuing tokens @native_fi, where depositing money can earn lending interest.

A few days ago, the lending interest exceeded 2000%, and today I see it at 1097%. The official introduction states that the revenue sources are lending and liquidity pools. It seems many people shorted the new coin when it launched, which is quite attractive.

🔸Based on the current price, the interest earns 2% daily; it takes 34 days to break even. Guys, is it worth it?

As for shorting, I have two questions:

1) Chip distribution 🔹

The project team allocated 2% to Binance for the TGE launch and another 4% to Binance for future activities. The airdrop share is 4%, and the total real circulation given out is 8%. There are very few circulating chips on the market, so it’s no wonder it can’t be pushed down and is hard to short.

The token has only been listed on Binance Alpha, and the only other exchange I’m familiar with is MEXC. The project team hasn’t really spent much on listing fees, perhaps they are waiting for a big move and want to list on some major exchanges, so everyone should not foolishly short Reddio.

2) Project valuation 🔹

Reddio announced another round of financing after issuing tokens, with a Series A valuation of 80 million. The current total market value is 87 million, making it one of the few projects in this round that can still make money for institutions after issuing tokens. The token cost for venture capital institutions is 0.008, and it will not unlock for another six months.

Reddio's track is parallel EVM, maintaining over 10,000 TPS. Compared to Monad, which is reportedly cutting its valuation in half yet still has a valuation of 1.5 billion, Reddio’s valuation in this track is relatively cheap.

✅My suggestion

But currently, Reddio's biggest problem is that the ecosystem is not active, and there are no standout projects. It’s like a luxury shopping mall without popular stores, unable to attract users to spend.

🔸I believe the team's main direction should be to learn from Sonic (also a parallel EVM), whether it’s offering ecosystem subsidies and incentives (learn from SUI), or creating DeFi mines (learn from Bera), or launching a few super memes (learn from SOL).

The key is to attract users' attention and get them to play on-chain for long-term development so that the token price can rise.

🔸Interaction suggestion: Those who are optimistic about Reddio can consider depositing money to earn 1097% interest, while also hoping for the native airdrop.

What if Reddio really starts to make moves and this underdog chain breaks through?

It's a bit interesting.