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Don't remind me again today

Today let's review this GAIB, a certain leading platform opened at 18:00, and the contract will follow up tomorrow at 17:00.



Let's talk about the token economy: a total supply of 1 billion tokens, with 20.48% initially circulating. The community holds 10%, and ecological growth accounts for 10.48%—the whitepaper is rather vague, and it seems that not much was airdropped; the project party appears to have engaged in some insider trading.

The project is positioned as AI asset tokenization, which means it's the AI + DeFi play. The team consists of Chinese members, and the core members have decent backgrounds; they have previously worked in high-end roles in the VC industry.

Financing situation: Two rounds raised 15 million USD, and the lineup of investors is quite impressive - Hack VC, Amber, Hashed, and Animoca are all included, along with a bunch of angel investors. Based on the 19.82% VC share stated in the white paper, their average cost price is about 0.07568, corresponding to a valuation of 75.68 million USD.

The current pool price is 0.25, equivalent to a FDV of 250 million and a circulating market value of 50 million. TVL data shows around 200 million, but according to a leak from a well-known figure in the industry (CBB) regarding a public relations crisis, the actual TVL may only be 100 million— the project party is accused of misappropriating user funds, putting them into a certain platform and then borrowing them out to put into the deposit pool to inflate airdrop earnings.

I have a reserved attitude towards this project. Those who can play the fund misappropriation trick are basically quite ruthless operators. In addition, Amber has also invested another 10 million USD separately (none of the projects they invested in recently have ended well).

It's that kind of scheme where the contract only opens the next day. The last project that did this performed very poorly. If we must look for support levels, around 100 million FDV might be a key point.

Do your own research, the risk is on you.

CA contract address (BSC): 0xc19d38925f9f645337b1d1f37baf3c0647a48e50
CA Contract Address (ETH): 0xC19D38925F9F645337B1D1f37bAf3C0647A48E50
ETH-2.31%
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GreenCandleCollectorvip
· 16h ago
The means of misappropriating funds is indeed ruthless. Amber has also increased the investment by 10 million, this combination of investors has some problems. With so much inflation in the TVL data, who would dare to touch it. The contract was only launched the next day, and it's the same old trick; the last project was directly a 50% Slump. A 100 million FDV might really be a defensive line, should you gamble a bit depending on your risk appetite.
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SolidityNewbievip
· 16h ago
The act of misappropriating funds really can't be sustained any longer. Amber hasn't had any good news from their recent investments, and now they're coming in with another 10 million? Looking at it from another angle, why do people still believe in this routine of opening contracts the next day? With such a large amount of inflated TVL, a 100 million FDV is probably the real price point. Going in now means you're just a dumb buyer.
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TokenStormvip
· 16h ago
The TVL data has been halved, this action is quite harsh. Amber's recent investments are all disappointing, from a probability perspective, this is also precarious. Opening contracts again the next day, it's the same old routine. With 100 million FDV, no one knows how far it can fall.
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