$icnt
Briefly understood
This coin currently has a total supply of 700 million,
The project party retains the right to issue more, with another 300 million not yet minted.
In terms of financing, the seed round raised a total of 11 million.
About 13 million has been sold in relation to nodes.
Although distributing coins to nodes has indeed given retail investors some opportunities,
Overall, it still seems that institutions and the project party hold more chips.
The project party claims the FDV is 470 million,
So based on the current total supply, that's about 0.67 per coin.
Binance Alpha opened at 0.62, which is indeed very close.
It has now dropped to 0.37, but there is still not enough room to go long above.
This kind of high control and high FDV is somewhat similar to the last play with Sahara.
Let's first look for a short below 0.2, and then see if we can go long.
You won't, it's okay.
We'll layout together, there's still a spot!!