Binance Alpha New Coin $IRYS
📍Introduction: IRYS (formerly Bundlr Network) is a Layer 1 data chain focused on solving on-chain data storage, programmability, and monetization issues.
📍Team: A project from the USA, CEO is British / arrogant / average scale.
📍Hot Events: Planned to fork AR as an AR ecosystem project, criticized and rebuffed by the community.
📍Funding: $18.7 million, recently just secured $10 million in funding, $5.2 million in seed round financing in 2021, $3.5 million in financing in 2024, the team has persisted for 4 years despite limited funds, which is commendable.
📍Total Supply: 10 billion, initial circulation 2 billion.
📍Airdrop: Testnet was exploited, KYC required.
📍Launch: Binance Alpha / Mexc / Bitget.
📍Operational Suggestions: Team CEO conspired to fork AR which is a deduction, old project from 2021 has deductions, deductions from users testing on the testnet, deductions for the number of listings, innovation adds points, token effects add points, long-term planning adds points.
📍Selling Pressure Analysis:
19:00 Binance Alpha 1%
21:00 Community airdrop approximately 2-3% (NFT / Kaito / DC-role / Galxe top 10,000)
Team holds 16% of chips (including some early liquidity) 1.6 billion.
Although there is high control, the team has limited funds and has grown weary after a long construction cycle.
If FDV is around 0.3-0.5B, there is a high possibility of slow dumping, with a low probability of a pump.
If FDV is less than 0.3B and the coin is listed on Binance contracts, the probability of a pump is relatively high.
DYOR🚨
I have a feeling there is potential for listing on Binance spot 🙈
#Irys #irys_xyz