Hello everyone, it's me again, Buy the peak, sell the bottom. I see that everyone is very interested in the BIO project, which is the launchpool project of Binance Labs. After a preliminary investigation into the project, I noticed a few points that the community needs to pay attention to:
The project is valued quite high - over a billion dollars.
The project has not made any contributions or research in medicine and has no activities contributing to medicine and science.
The BIO coin is a form of fundraising by players to obtain funding for research on biological projects (just fundraising, not doing anything yet).
There is no documentation or international certification for the two developers of the project indicating any contributions to science or medicine.
The project is quite vague in the use of funds raised from selling tokens to users.
Besides Binance Labs funding, other funds are not large or have strong capital to potentially push the project x100 x1000.
Compared to technology coins or Layer 2 coins like Arb, Op, strk... which already have ecosystems and applications, the valuation of this project is too high.
We should understand and clearly recognize that being funded by Binance Labs can support listings on exchanges with a large number of users for liquidity in selling tokens.
The above are personal opinions from Buy the peak, sell the bottom to give everyone an objective view for long-term investment. Wishing you good health.
