$US
CA(Sui): 0xee962a61432231c2ede6946515beb02290cb516ad087bb06a731e922b2a5f57a::us::US
alpha 20:00 opening
Total token supply is 10B, with initial circulation at 22.2%.
No specific unlocking ratio mentioned; circulation is mainly from the community and ecosystem (30%), foundation (20%), airdrop, and future incentives (7.5%). The overall majority is in the hands of the project party, and currently, the airdrop looks like it will be around 3% (0.02% Kaito's mouth)
The fundamentals are DeAI infrastructure.
European and American team, other information unknown.
The second round of financing raised 11 million USD, and there is one undisclosed strategic round remaining. The core investor is Polychain, and the overall investment lineup is biased towards European and American VCs, and they have received investments from Sui and Walrus.
Gameplay: Projects in this narrative track are likely European and American projects with money and background; the contract expectations should be there.
Regarding valuation, given that the current information is not very sufficient, I think a valuation of 120 million is still relatively cheap, while 500 million FDV upwards would be too expensive.
$CYS
CA(BSC): 0x0C69199C1562233640e0Db5Ce2c399A88eB507C7
alpha 16:00 opening
Total token supply is 1B, with initial circulation at 16.08%, all from community airdrop and liquidity (0.6% Kaito's mouth)
The fundamentals are ZK + AI computing hardware providers, leaning towards decentralized computing power tracks.
Domestic team, overall view lacks much Crypto Native background.
Two rounds of financing raised 18 million USD, with core investors being Polychain and Hashkey Capital. The overall investment background is good, although most are Asia-Pacific institutions, they have also received investments from leading European and American institutions.
The average VC cost is 76.2 million FDV, corresponding to a price of 0.0762.
The current pool price is 0.2, corresponding to 200 million FDV and 32.16 million circulating market value (normal price).
Gameplay: The narrative of the track is semi-falsifiable, but the project's fundamentals and financing background are still good, and the project party has sold some node NFTs besides financing (wealthy), indicating contract potential.
With an opening price of 0.2 and a massive airdrop (taking 10% as an example, there would be 20 million selling pressure), we can see if it will drop to around 0.1 (if it can reach that, it would be a good value for money).
If it hasn't reached that point, I will consider buying some after the selling pressure ends and stabilizes.
$BTX
CA(BSC): 0xAa242a47F4cC074E59cbC7D65309B1F21202AaA3
alpha 18:00 opening
Total token supply is 1.5B, with initial circulation at 14.98%, no specific unlocking ratio mentioned (the total share for staking and airdrop is 5%).
The fundamentals are RWA in the IP field, comparable to the previous $ARIAIP (but inferior in all aspects to Aria).
Team information is unknown; based on existing information, it is a Korean team. The co-founder of BeatSwap is the former CSO of the Korean power bank $PIGGY.
https://x.com/SEADePIN/status/1968126115375108575
https://x.com/depindeployer/status/1958117263963537774
No specific financing information, but there are 3 rounds of private placement and 1 round of public placement.
The current pool price is 0.037, corresponding to 55.5 million FDV and 8.314 million circulating market value (normal price).
Gameplay: Compared to the previous two projects, this project is relatively inferior; I personally believe the contract expectations are very low, after all, $PIGGY has not gone on contract.
But still, I can keep an eye out; the opening price and circulating market value seem okay, and it is not ruled out that it will replicate the trend of $PIGGY.
Summary
To be stable, only look at $US and $CYS; $BTX is relatively speculative.
Still DYOR, ha.
