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Bitway has completed a $4.444 million seed round and will launch its public offering tonight at 8 PM. The round was led by TRON's @trondao, with participation from @Ventures_HTX. Previously, @yzilabs led the round through @EASYResidency.
This essentially completes a dual integration of Binance and TRON, which also holds symbolic significance.
Having recently secured pre-TGE + Booster funding from Binance Wallet, besides the funding news, I think Bitway's Kaito public offering is more noteworthy.
Recent discussions about Kaito have focused on the changes to the Yaps mechanism, but Launchpad is more about changing the "user participation method," without fundamentally altering the project's value.
Simply put, it remains a distribution and threshold management tool. For Bitway, this is actually a cleaner structure: people aren't chasing hype and emotions, but rather filtering those genuinely involved because of the project itself.
Several points I think were overlooked but are very important:
1️⃣ Public offering valuation of $80M FDV, lower than the previous institutional valuation of $100M
2️⃣ Fundraising size of $1M (maximum $2.4M), ≤3% of total supply
3️⃣ Unlocking: 50% TGE, 50% TGE + 3M; The distribution structure and unlocking schedule are excellent. I think everyone should observe this; it might be a good opportunity.
twitter.com/Bitwux/status/2013...
ETFs are just corpses themselves.
Hey bro, you changed your profile picture back! 😂
It's been a long time since I got it back!
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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