The previous presale for new projects $KAT is going live today with ALPHA and Binance spot.

1. Launch Time

ALPHA goes live on Binance at 19:00, spot on Binance, OKX spot, etc., will also be available on CB at night.

2. Project Introduction and Financing Situation

Katana is a public chain designed specifically for DeFi, dedicated to providing deep liquidity and native yields.

rootdata has not disclosed financing information, with investments from Polygon Labs and GSR, the institutions are good, but it is unclear why the specific amount was not disclosed.

3. Economic Model and Market Value Situation

Total amount is 10 billion, circulating supply is 2.342 billion, circulation ratio is 23.42%, Binance pre-contract price is 0.014U, corresponding to 140 million FDV, circulating market value is 32.78 million, it's really bad, the TGE project directly listed on Binance has a circulating market value of only around 30 million, even many ALPHA projects exceed this market value.

Ecosystem and community wealth: 48.35%
Liquidity mining: 20%
Airdrop: 15%
Core contributors: 15.65%
Public sale: 1.0%

Polymarket market cap prediction, with a 100 million FDV it's only 87%, while a 200 million FDV is just 14%. It seems the fair price is around 150 million FDV.

Four, opening operations

Let's see how the opening goes and then sell. Right now, only ALPHA projects are being listed, and their market cap may be more imaginative than the spot market. After all, if the ALPHA project doesn't perform well, it won't be able to go on contracts later, and there's no hope for the spot market. Therefore, the project team will maintain the market cap during the ALPHA phase and unload when it comes to contracts and the spot market.

However, projects that hit the spot market will unavoidably unload directly. The difference is that after a period of decline, the conscientious and capable ones will list on Upbit, then pump it up before unloading, while the trash ones will keep unloading.

The last spot project $OPN was originally well-regarded across the internet, but the airdrop was a complete disaster. After hitting the spot market, it continued to decline. Clearly, the project team has money and resources, and getting on Upbit shouldn't be an issue, but they just won't do it. Perhaps the goods have already been taken by the brothers, and they haven't been retrieved yet.

The altcoins currently listed on Binance's spot market are truly disgusting. You have to play hide and seek with the project team. Only when the entire internet doesn't have confidence and no one is buying can the project team push the price up to unload. As long as someone is optimistic and ready to buy, it just keeps declining.