Ether.fi - 49th project on Binance Launchpool

@Etherfi_channel is a decentralized Liquid staking protocol on Ethereum that allows users to stake assets without giving up control over their assets.

Token Name: $ETHFI

💥 Token allocation and Vesting schedule

Total supply: 1,000,000,000 tokens

⚡ Binance Launchpool : 2.00%  of total supply

⚡ Airdrop: 11% of total supply

Total number of tokens in circulation when listing binance: 115,200,000 (11.52% of total supply)

In theory, 100% of the initial coins are distributed to the community (binance launchpool and airdrop). But in fact, most of the tokens are in the hands of big people (Binance holds the majority of bnb, so they will hold a large amount of reward tokens in the pool, as well as airdrops, a large amount will be airdropped to the team / dev / ...) The amount of tokens floating around for retail will be quite small until 2025 before further unlocking for the team and investors. So it is possible that when joining Binance, there will be a withdrawal period for those who receive airdrops and Binance Lauchpool bonus tokens to release all their stock, but this withdrawal period is likely to be quick and not deep, because as analyzed, the amount of tokens reserved for There is quite little retail as well as quite a lot of fomo for the project at the present time to get ahead of the restaking trend.

The funds have invested $32M in 2 rounds, of which the most recent round valued the project at $270M. The token price when listed will correspond to the following caps:

⚡ Price $2.3-$2.5: if the token opens for sale at this price, we will have the same investment level as large funds invested in February 2024.

⚡ Price $4.69-$5: with this valuation, we are in x2 position compared to the fund and investors.

⚡ Price $8.6-$9: cap about 1 billion dollars. With a project that is in a "hot" trend, it can be said that this price is completely possible

⚡ Price $14-$15: cap equal to $STRK when listed.

💥 Personal assessment: for me personally, if the list price is around $1B is considered reasonable, under $600M is a bargain price. Above $1B, people can consider waiting for the price to adjust before buying.