2026-01-14 21:50:43

Not optimistic about this L2 native token project token sale

Why? To put it simply—it's overhyped

A $90m FDV valuation, in my opinion, is a bit outrageous. For this type of Layer 2 ecosystem token, if you exclude governance features and protocol revenue sharing mechanisms, it's actually hard to support real value. Aside from these two aspects, there are basically no other support points.

We've seen too many similar cases in recent months: during the Bitcoin bull run, concept hype drove valuations higher, only for investors to get trapped later. This project combines NFT and token dual concepts, making it more susceptible to overpackaging.

I won't go into each specific reason, but the overall logic is: the token's economic model itself is insufficient to support this valuation level. If you're considering participating, I suggest you think twice.

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NotFinancialAdvice

· 1h ago

A 90 million valuation really doesn't bring any smiles; it's just another air coin packaging show.

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MidnightMEVeater

· 1h ago

Good morning everyone, still watching this crap at 3 a.m... 90m FDV and this? A copycat governance token, removing those two superficial mechanisms, and what's left is even worse than a liquidity trap.

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Rugman_Walking

· 1h ago

90m valuation? Laughable, this is just a trap tailor-made for new investors.

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StableCoinKaren

· 1h ago

90m valuation is outrageous; this is just another trap of concept hype. $90m FDV I don't understand where the value is; honestly, it's just governance plus dividends, nothing else. Several previous rounds like this have already failed; NFT concept combined with dual-layer token packaging—this is the standard way to fleece retail investors.

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MechanicalMartel

· 1h ago

90 million USD FDV? LOL, here we go again Another L2 coin hyped up to the sky, I'm already numb. Besides governance and dividends, there's nothing else. What do you say it's worth? NFT plus token dual concept, just a thicker packaging. Eventually, it'll trap people.

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