The fur collectors are about to reap profits again, this time it’s $COOK. COOK will have its Token Generation Event (TGE) on October 29th, with the mainnet for the TGE being Mantle, open for claiming and listed on major exchanges. The exchanges that have been announced so far are: Bybit, and MEXC. Trading will start at 6:00 PM Beijing time on October 29th.

Considering that its mainnet Mantle hasn't even launched on Binance, it probably won't be listed there for the initial release either. The Binance wallet task requires 233 COOK, and you need to prepare MNT as GAS to withdraw to other exchanges to sell. If liquidity is sufficient at that time, it can also be exchanged directly in the wallet.

【Introduction to COOK】

$COOK is the governance token of the mETH Protocol, which is one of the largest liquid staking and re-staking protocols in the Ethereum ecosystem.

【Token Economics】

Total Supply: 5 Billion

Initial Circulation: 916,000,000 (approximately 1 Billion)

【Token Valuation】

Compared to other staking protocols, considering mETH's Total Value Locked (TVL) is ranked 3rd-4th in Ethereum L2, a valuation of 0.05~0.2 GBP is given,

【Profit Forecast】

When the initial profit was made, Ethereum's mainnet Gas fees were low, and if done now, it might even result in losses.

The profit loss is 3 GBP, with the 233 expected to sell for 15 GBP (based on a price of 0.07 GBP), with an estimated profit of 12 GBP per transaction.