From an institutional perspective, Towns @ townsxyz @ TownsProtocol (Non Guang'an Heart Food) Too long to read the version 1. Good background. Shangtong Tianting is expected to win a grand slam (upbit+Binance+coinbase) 2. The landing project has stuck in the Coinbase ecosystem and verified the feasibility of the project 3. It is TownsProtocol's listing split disk 4. The degree of financing foam in 23 years is low, about 150 million to 200 million 25 year financing also falls within this range, and the table is extremely strong 5. It is expected that the high opening proactive MM will be weak, and the high opening range will be considered when opening the order 6. The low suction price should be below 250 million US dollars ————————————————————— Some people say they like long ones: 1. The table is extremely strong and belongs to Towns Protocol's own project A16z Coinbase benchmark framework echo co invested for 25 years 2. Both Series A and Series B investments took 25 years to raise a total of $13.3 million, which means Towns has grand slam expectations. Binance Coinbase Upbit is basically on its way 3. In terms of valuation, 25.5 million US dollars were raised in February of 23 years. At this time, there is no foam in the valuation stage. The project is about 150 million US dollars to 200 million US dollars This year's $13.3 million is almost in line with this valuation level 4. It can almost be judged as a North American project, and the high opening of such projects means that there will not be excessive PVP market making performance. The active mm can be weakened, which is in line with the logic of high opening 5. The range of FDV for high opening fundraising is between $200-250 million Those who approve of the project can try to layout spot goods at that location ————————————————————— By the way, it is spot rather than contract that drives the price of altcoins It is not uncommon to see examples such as paying attention to the risk of contract bursting against the opponent's market