Currently, this market is not even as good as a bear market. With nothing to do, I can only research $SIGN and find that it is indeed quite different from typical Web3 projects.
The project is backed by TokenTable, a company that has been quite low-key but has a very considerable business scale: an annual net profit of 100 million RMB, and has distributed over 4 billion USD worth of tokens for hundreds of projects, playing a role of 'standing backstage but providing water and electricity.'
Current valuation. $SIGN currently has a market value of less than 100 million USD, with a price-to-sales (PS) ratio of about 6 times — in the Web3 infrastructure sector, this valuation level is indeed relatively low. Similar projects often have valuations of 10 to 15 times, making this one seem 'a bit unusually quiet.'
More importantly, it has been quite active in the market recently:
➡️ For example, it directly sponsored the Overwatch World Cup team, participating in EWC as SIGN Esports, becoming the first Web3 project to sponsor a top esports team. This is not just a slogan but a genuine penetration into mainstream circles.
➡️ Looking at its cooperation landscape, it has already integrated with Sierra Leone's national digital identity system and is also pushing for integration with the UAE visa system. Projects that deal with 'real national service systems' are indeed rare.
➡️ Additionally, major platforms and institutions have already participated in deploying related products, and the market's cooperation and resource allocation are quite significant, making it hard to see this as a project that is not yet ready.
I am not here to give recommendations; I simply feel this project is worth everyone's time to understand.
It feels a bit like when $TIA wasn't popular initially — not flashy, but with a solid foundation, and the boss's strength is unquestionable; it might be wise to take a position early.
