Binance has listed 3 new coins today: $OWL, $FUN, and $FOGO , let's first take a look at $OWL
I. Listing Time
ALPHA listing at 6 PM, MEXC and Bitdeer listing at 7 PM
II. Project Introduction and Funding Situation
Owlto Finance is a decentralized cross-rollup bridge focused on Layer2, providing low-cost, secure, and fast asset transfer solutions
Raised 8 million, led by Bixin Ventures, with participation from GSR and others, institutional investors are decent
III. Economic Model and Market Capitalization Status
Total supply 2 billion, circulating supply 330 million, project team pre-allocates 500 thousand U pool, price 0.075 U, corresponding circulating market cap 24.75 million, this market cap seems a bit high, after all, the Layer2 sector has cooled down, cross-chain bridge revenues in the sector have significantly decreased, the peak period should have been before ZKS and STARK token launches
IV. Opening Operations
Airdrop threshold is 241, with 667 orders, each order worth 50U. Sell once you have enough to claim—it's still quite valuable
There is an airdrop allocation, but the project team hasn't disclosed details, which could be a red flag. Recently, ALPHA sentiment has been poor, and many projects are rushing to launch and take money right away
I've used this cross-chain bridge before while exploring Layer2 projects—experience was decent. However, the entire Layer2 sector has cooled down, and launching tokens now is like the final glow before fading. I don't want to be the one left holding the bag
