Binance 10.22 Project $Trutle @turtledotxyz Opinion
Summary: The over-the-counter price is 0.3 now, and it seems this might be the only significant opportunity for Alpha recently, but the control is weak, and there are likely many people dumping, returns see the chart below
Background: Trutle is a liquid phase distribution protocol. Simply put, you invest money to play DEFI, and it automatically helps you find the most profitable pools, similar to the gameplay of $YFI back in the day, but with more variations
TVL plummeted after the airdrop announcement: 370M-10M, with few real users currently at 70M
Financing: Raised 11 million USD, well-known institutions Amber Gsr, Theia, announced on 10.20 that another 5.5 million was invested, a typical pre-IPO hype
Control: Community airdrop 13.9%, Binance also took 5% for activities, chips are all in everyone's hands, the airdrop should not have been fully released, Binance Booster is also released in phases, control is weak
