1intro LBP crash review: high valuation launched, frequent publicity and promotion loopholes
Original author: Shenchao TechFlow
On the evening of April 14, 1 intro, known as the first native LBP project on Solana, also launched the sale of its token $1 INTRO through LBP.
Solana is a public chain that has continued to have hot transactions this year. There have been many golden dogs with great wealth effects on the chain. However, there are also many wild dogs. Various wild projects have been shouting pre-sales and final Rug Pulls, which has also made Solana so popular. Players suffer losses.
Therefore, a native LBP belonging to Solana seems to be just in time to fill the narrative and token issuance gaps in the Solana ecosystem.
But how high the expectations are, how high the disappointment is.
If you search 1 intro on Twitter, you will find that a large number of KOLs were almost all promoting this project 1-2 weeks ago and had high hopes for it;
However, the price changes of LBP itself are the most honest.
When $1 INTRO opened, the price reached a maximum of $1.13, which was equivalent to a current price of about $1 billion in FDV. Then its price fell rapidly, and the price was only about $0.11 when it woke up.
At the same time, the pre-designed LBP of 200 M has only completed 4 M as of press time, and progress is very slow.
Why do the projects that KOLs are collectively optimistic about fail to arouse the enthusiasm of the market?
High valuations and overturning of propaganda and public criticism
Prices are a comprehensive reflection of all market information, and its clear that 1 intro is suffering from a barrage of negative information.
1 Three hours after the launch of intro LBP, its official website posted various results data, such as 5,000 people participating in LBP, 6,300 SOL raised, etc.
However, in contrast to the glorious record, the comment area is filled with various doubts, the most dazzling of which is the criticism that the KOL’s currency cost is only US$0.02.
Even based on the unit price of US$0.11 at the time of publication, KOLs have made 5 times the profit on $1 INTRO; and if calculated at the high price of US$1.1 at the time of opening, the profit has reached an astonishing 50 times.
Good things dont go out, but bad things spread thousands of miles. After the news was digested, the market naturally did not buy it, and it is not difficult to understand that the decline in LBP unit price has slowed down.
And KOL’s excessively low token price does not seem to be groundless.
The well-known on-chain detective ZachXBT (@zachxbt), under the official recommendation of 1 intro, exposed various documents and forms in the private placement round of 1 intro raising funds from KOLs, which clearly stated:
The total FDV is $20M, 25% of the tokens will be released at TGE, and the rest will be released at 5% monthly.
If calculated based on the total amount of 1 billion tokens set by the 1 intro token economy, the price given to KOL is indeed US$0.02. The possibility of this wave of real hammer detection on the chain is very high.
If the current price is maintained until the end of LBP, KOLs will make a net profit of 5 times, and due to the instantaneous unlocking of 25%, theoretically a total of $5M of tokens will be sold to the market, forming a round of selling pressure.
What makes people laugh or cry is that in another screenshot released by Chain Detective, 1 intro is already asking KOLs to sign a vaccination-style clause:
“Do you agree that selling tokens should be done in a respectful manner and in small quantities...and do you agree that irresponsible selling may result in the need for refunds?”
Obviously, the project team had a premonition that KOLs would sell coins under their own unlocking terms and cause selling pressure, so they took the lead in writing three chapters to serve as a warning to KOLs.
However, this may not be a particularly clever measure. In essence, the project team and KOL jointly promote the game. The KOLs get huge profits first, and the leeks are still the takers, but they agree that the food must look better.
At the same time, one stone stirred up a thousand waves, and the verbal and verbal criticism of 1 intro began to intensify.
Video creation artist Erica Anderson said that the 1 intro official website used her own video in promotional materials without her consent;
And developers from Sanctum, another project in the Solana ecosystem@soleconomistIt is rare to open a direct attack and question 1 intro’s project introduction, which makes people confused:
“ 1 INTRO redefines the financial ecosystem on Solana with an intelligent platform that uses AI to improve Liquidity Boot Pool (LBP), DEX and token deployment, thereby enhancing user experience and operational efficiency. By dramatically improving and simplifying our of services, AI ensures a smooth, inspiring and safe journey for our users.”
At the same time, he also believed that such a project introduction was suspected of applying AI concepts indiscriminately, and bluntly said, What the hell does this mean? Its just nonsense.
In the past, the KOL round chip price was too low, and later the grass-roots team announced various situations. In a public opinion storm, only LBP, which could not be sold, was left in a mess in the wind.
However, finding KOLs for publicity is not an unattainable thing.
For crypto projects, from planning to listing, some early chips must be sold. Either sell to VCs in exchange for financial support, or sell to KOLs in exchange for greater marketing influence.
Current crypto projects seem to have gradually realized that in the new cycle, KOLs have gradually increased their voice, which will be more helpful for project marketing. It is understandable to give a part of the profits to KOLs, but in economic design and publicity, all parties also need to be considered collaboratively. feelings and interests.
LBP was launched at a high valuation, there were frequent loopholes in publicity, and KOLs paper profits were too high. Leeks who have gone through a round of bull and bear education are not fools, and naturally they will not take over willingly.
Finally, the on-chain detective also summarized several key points of the 1 intro rollover, which are enough for Leeks to use as a negative teaching material and a minefield guide:
The account has just been created, but the number of followers is extremely large
Little interaction with Solana ecosystem
Every KOL comments in the comment area
Lack of technical documentation
I took a look at the name of the well-known Defi project 1inch.
Token unlocking period is too short
For players, don’t touch projects that meet the above conditions; for project parties, don’t make mistakes that meet the above conditions.
