When a major exchange launches a hot project on day one, the market response speaks volumes. Take this recent Launchpad event: the project set out to raise 7,750 BNB, but ended up with 299,000 BNB committed—a staggering 3,856% oversubscription rate. That kind of demand is hard to ignore.
What caught attention wasn't just the numbers though. The team showed real adaptability by adjusting their FDV significantly downward from the initial 1B target. It's a move that deserves credit—rather than stubbornly sticking to inflated valuations, they recalibrated based on market conditions. That kind of pragmatism often signals a team that's serious about sustainable growth rather than quick hype cycles. The oversubscription rate proved the appetite was real; now execution becomes everything.
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JustHereForAirdrops
· 13h ago
NGL, this team is still quite particular. If it were someone else, they would have blown up about lowering the valuation, but they insisted on adjusting it. This is truly caring about how long the project can survive.
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BlockTalk
· 01-14 06:30
3856% oversubscription? Come on, is this real or just another scam?
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TeaTimeTrader
· 01-14 06:29
The subscription multiple of 3856% is outrageous; this is the real demand... However, whether the valuation drop is a good move depends on whether they can deliver later, or it will just be a routine to harvest the leek.
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SchrodingerAirdrop
· 01-14 06:12
3856% oversubscription, only projects with incredibly outrageous data can come up with this... The team is quite clever, directly cutting down the valuation, which is better than those stubbornly holding onto sky-high prices. The question is whether they can execute later, that's the real test.
When a major exchange launches a hot project on day one, the market response speaks volumes. Take this recent Launchpad event: the project set out to raise 7,750 BNB, but ended up with 299,000 BNB committed—a staggering 3,856% oversubscription rate. That kind of demand is hard to ignore.
What caught attention wasn't just the numbers though. The team showed real adaptability by adjusting their FDV significantly downward from the initial 1B target. It's a move that deserves credit—rather than stubbornly sticking to inflated valuations, they recalibrated based on market conditions. That kind of pragmatism often signals a team that's serious about sustainable growth rather than quick hype cycles. The oversubscription rate proved the appetite was real; now execution becomes everything.