Let's talk about Binance-launchpool
First of all, many people never distinguish or don't distinguish the strength of Binance's new launches, and uniformly call them launchpad or ieo.
In fact, Binance's highest-level new launches are called launchpads, and ordinary ones are called launchpools. The last launchpad can be traced back to July 2023, which was $ARKM
Why is it meaningless to look at FDV for Binance's new coins? Because the FDV gap of new coins is too large, and it can even be dozens of times larger. But if you refer to MC, that is, the circulating market value, there are traces to follow.
The first picture is SAGA, a standard pool coin, with a market value of about 353 million and FDV of 3.917 billion
The second picture is ENA, the largest pool coin in MC, with 1.56 billion and FDV of 16.592 billion
There is also the worst pool coin NFP, with 108 million (about 300 million at the opening), and FDV of 434 million
So if you actually refer to MC and then refer to the over-the-counter price of whales, Binance's pool coin basically has a baseline, which is about 300 million dollars. Junk projects will slowly fall, and standard or high-quality projects will start at 300 million and slowly rise. Except for $ENA, which is out of the rules, you can summarize other pool coins, which are probably like this.
But if you count FDV, one is 4 billion, one is 18.5 billion, and one is 510 million. You will feel that these coins may have no connection.
Moreover, when a new coin is launched, the market can only use these circulating chips for gambling. What is not unlocked is a matter for the future, unless you plan to hold it for a long time.
Of course, this valuation method also has flaws, that is, it will be misjudged when it encounters a freak like $ENA . Because when $ENA was 0.6u off-market, I thought it was high enough as a pool coin, but it doubled again.
