Understanding @EchoProtocol_ ( $ECHO) Airdrop at a Glance

Airdrop Index: ★★☆☆☆ (2/5)

Price Prediction: $0.05 - $0.3

Based on its competitors and Echo Protocol's current TVL of approximately $878 million and an initial airdrop circulation of $150 million, I personally predict its initial circulating market cap could be between $34 million and $100 million.

Since @babylonlabs_io broke my heart, I have no hopes for BTCFi anymore; of course, that doesn't stop me from venting for a while.

Disadvantages:

1. Serious security issues:

On June 14, Echo's official X account was hacked, taking a whole day to recover. Meanwhile, rumors began circulating online that the official wallet containing 2,515.65 uBTC was stolen, valued at approximately $266 million, causing its collateral rate to drop to only 20% blah blah blah. I wanted to see what the community FUD looked like, but it turned out to be a complete silence.

2. Airdrop selling pressure and unlocking risks:

As much as 15% of tokens will be used for the airdrop, with about half expected to be from Binance alpha. Honest early participants who staked had their shares linearly unlocked over 3 months; isn't this bullying honest people? Complaints in the community are rampant, sentiment is negative, and the possibility of selling the airdrop is increasing.

Currently, it seems that besides Binance and @kucoincom, there is no other first-tier exchange confirmed to list.

3. The BTCFi sector is challenging:

BTCFi is a joke, I won't dig up each one to criticize.

Whoever looks forward to it is foolish.

Advantages:

1. Endorsement from top-tier investors:

Investors in @EchoProtocol_ are quite luxurious: led by @TheSpartanGroup, with backing from @ABCDELabs Capital, @CryptoHayes's @MaelstromFund, and other top VCs.

However, a funny thing to note is that @BSquaredNetwork and @movementlabsxyz also invested in echo; I wonder if that counts as a debuff.

2. Top flow on Aptos:

TVL is close to $900 million, occupying about 70% of the BTC asset share in the Aptos ecosystem, firmly holding the top position in the ecosystem's TVL rankings.

That said, Aptos only has this one BTCFi.....