3. **Institutional Endorsement and Market Cap Potential**

- Invested by **HashKey Capital, Animoca Brands, and Liang Xinjun from Fosun**, with an FDV valuation of $100 million (current price significantly undervalued if < $0.1);

- Compared to similar entertainment tokens (such as SLP with a market cap of $390 million), the circulating market cap of $IDOL at launch was only about $5 million (based on a circulating supply of 500 million), **short-term potential for 3-5 times is clear**.