$NIGHT This privacy chain project is worth noting.
I looked at the token economics: a total of 24 billion tokens, with an initial circulation of 69.19%—this data is pulled from CMC. However, the unlocking plan is not clearly stated, which leaves people a bit puzzled.
The project background is actually quite solid. It focuses on privacy blockchain, and the developer is Input Output Global (IOG), which is considered an old player in the infrastructure development circle. The specific financing situation of the team is hard to find, but it is clearly backed by a team from Europe and the United States.
I ran some data analysis with tools, and the positioning of the track and the development strength behind it are indeed decent; they should have some capital reserves as well. But the problem is—there's too little public information.
More critically, this project clearly has a mining play. Those who understand know that retail investors basically follow the "mine-extract-sell" sequence, so there is significant selling pressure at the opening.
