If the price of W is comparable to AXL, the price is reasonably around 0.7.

The total amount of W tokens is 10 billion, and the early circulation is about 18%, which is 1.8 billion. The financing cost of early investment institutions is 2.5 billion US dollars, the institutional cost is 0.25U, and the over-the-counter transaction cost is 1.5-1.7, so it is not worth hedging. $W