The founder of Uniswap made an important point that founders and venture capital firms should avoid overvaluing startup projects, especially when the project has not yet issued tokens. There are several aspects of this point of view that are worth thinking about:
1. Risk management: Valuing startup projects too high may cause investors and the market to have too high expectations of the project, thereby increasing the risk of project failure. If the project fails to achieve the growth and achievements required for such a high valuation, then investors may face huge losses.
2. Bubble risk: Overvaluation may lead to the emergence of market bubbles, that is, the valuation of the project is much higher than its actual value. In this case, when the market begins to recognize this gap, a valuation adjustment may occur, resulting in heavy losses for investors.
3. Impact on the ecosystem: Overvaluation may have a negative impact on the entire cryptocurrency ecosystem, such as attracting too much speculative funds instead of real innovative projects. This may lead to a distortion of resource allocation and weaken the development opportunities of projects with real potential.
#ć ćŻèŽ§ćžæ§æł  $BTC #ć ćŻèŽ§ćžæżçć¶ćźè #éŁé©çźĄç
