The hair-pulling people are collecting money again, this time it's $COOK. COOK will have its TGE on October 29. The mainnet for the TGE is Mantle, which will open for claiming and be listed on major exchanges. The currently announced exchanges include: Bybit, and MEXC. Trading start time: October 29, 18:00 Beijing time.

Considering that its mainnet Mantle has not launched on Binance, it is unlikely that it will debut on Binance either. The Binance wallet task requires 233 COOK, and MNT needs to be prepared as GAS to withdraw and sell on other exchanges. If liquidity is sufficient at that time, wallet exchange may also be possible.

【COOK Introduction】

$COOK is the governance token of the mETH Protocol, which is one of the largest liquid staking and re-staking protocols in the Ethereum ecosystem.

【Token Economics】

Total Supply: 5 billion

Initial Circulation: 916,000,000 (approximately 1 billion)

【Token Valuation】

Benchmarking against other staking protocols, considering mETH's TVL ranks 3rd-4th in Ethereum L2, a valuation of 0.05~0.2 USD is given,

【Hair-Pulling Profit Prediction】

Initially, hair-pulling occurred when Ethereum mainnet Gas fees were low; doing it now might result in a loss instead.

Hair-pulling loss: 3 USD, expected to sell 233 COOK for 15 USD (calculated at a price of 0.07 USD), estimated profit per order: 12 USD.