Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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2025
11/10
雨中狂睡SleepintheRain0xSleepinRain
Participating in large VC projects (especially the recent surge in VC-backed AI projects) is best done before TGE. There are two low-risk approaches: 1. Do some things using Proof-of-Work (PoW). For example, like the Super Individual project @porounclemao discussed, create your own account, join KOL communities, participate in activities on platforms like Kaito and Cookie. This might be a bit of a hurdle for newcomers. Another option is to collect freebies, complete social tasks, etc. 2. Purchase the NFTs issued by the project. Even if some projects don't explicitly state it, there's a high probability they'll airdrop NFTs to Holders during TGE. The key here is to position yourself early and cash out immediately after the NFT price increases—rather than waiting until after TGE to collect the airdrop. First, you need to compare the airdrop ratio (conservative calculations) * valuation with the NFT's market capitalization. Second, you need strong investment research skills to determine if the project has the potential to attract market attention. Regarding this assessment, I have some thoughts, and these points are worth noting: 1. Large VCs leading the investment – this goes without saying; these projects naturally possess the ability to attract market attention. 2. VCs that frequently invest in speculative cryptocurrencies are also involved. 3. Chinese VCs are involved, but their participation rate is not high. A second example is the Sui Foundation and Sui ecosystem projects. The recent $MMT is a case in point. While previous coins like $WAL and $DEEP weren't as wildly successful as $MMT, their price performance after TGE was still quite good. These coins have left a deep impression on me. At the same time, the proportion of crimes in previous AI projects was actually quite high, such as $0G and $MIRA. I'll be participating in the @TalusNetwork project later, mainly because it has a lot of advantages: 1. It launched @TalusFoundation, which is obviously about to go public (TGE); 2. Polychain led the investment (no need to worry about PR), with founders of Sui, Walus, Echo, and a series of VC-backed AI projects participating (I might participate in Echo's IPO before TGE); 3. The official mascot @TallysNFT has a floor price of $70 SUI, a total supply of 5555, and a market capitalization of $810,000. Talus's second round of financing was valued at $150 million. The valuation of Sui and Walus's last round of financing (September 30, 2025) is unclear, but it should be higher than $150 million. If there is an airdrop, based on a valuation of $200 million and a 0.5% airdrop ratio, the current market capitalization of Tally NFT is a reasonable valuation. I bought some, and I plan to sell these NFTs once market attention shifts to this project and a sentiment premium emerges (that would be the peak of sentiment if Talus launches a new NFT on Echo) – referencing the NFT price trends of $SIGN and $KITE. Another project I'd like to participate in is @AlloraNetwork; I'll update on that later.
Source: Twitter