RaveDAO ( $RAVE ) is expected to go live on Binance Alpha at 8 PM tonight. Here is Dr. Lü's strategy from the $Jager community:
📊 1️⃣ Data performance
Over 20 events have been held, with total participation exceeding 100,000, averaging 3,000 participants per event.
Over 60,000 NFTs have been generated.
Revenue exceeding $1.3 million in 2024, expected to exceed $3 million in 2025, and projected to be $7 million in 2026.
Plans to establish over 50 local branches by 2025, with annual participants exceeding 300,000.
💰 2️⃣ Team, financing, and investor details
The founding team consists of former employees from Coinbase and professionals in music, Web3, and event organization. Key members include Wildwood, Ronald Yung, Felix Xu, and Dino Ying. The project has no VC funding and relies on event revenue for self-sustaining growth, with ample funds.
🪂 3️⃣ Airdrop situation, token distribution
The initial airdrop accounts for 3% of the total supply, rewarding early ecosystem contributors. The total token supply is 1 billion pieces, with an initial circulation of approximately 23.03%. Distribution: Community 30%, Ecosystem 31%, Team and Co-builders 20%, Foundation 6%, Early Supporters 5%, Liquidity 5%, Initial Airdrop 3%. Some have lock-up and linear release arrangements.
📈 4️⃣ Positive news
The project has real revenue and user base, and the business model has been validated. No VC financing pressure, and the token economics focus on participants. Collaboration with well-known institutions such as Warner Music, with an active community covering many parts of the world. Part of the revenue is used for charity and token buyback and destruction.
📉 5️⃣ Negative news
The project highly relies on offline activities for operation, which may be affected by regional policies and macro environments. As a cultural entertainment project, its token demand scenarios and long-term value capture ability remain to be observed. There is a risk of counterfeit coins with the same name, so identification is necessary.
💎 6️⃣ Medical summary
RaveDAO is a DAO project that combines electronic music culture with Web3, possessing a solid offline business and community foundation.
Its self-sustaining ability, lack of VC background, and clear roadmap are highlights, but attention should be paid to the extensibility of its business model and the depth of its crypto utility.
Listed on multiple exchanges, including Gate, Mexc, Aster, etc.
💹 7️⃣ Pre-market price market performance
The predicted opening price range is approximately $0.40 to $0.90, based on a total supply of 1 billion, corresponding to an FDV of about $400 million to $900 million.
Alpha is expected to require points >230
Value 30-50U
This coin has high control, with the opportunity to pump. Friends who got in can have the layout for 48 hours.
📚 8️⃣ Information sources
Project white paper, official Twitter, RootData, MEXC, Google, etc.
Risk warning:
All information above is sourced from publicly available internet data, for reference and learning only, and does not constitute any investment advice!
Investment carries risks, and betting everything requires caution!
DYOR!
