Previously, I invested a lot of USDO and USDO PT in @OpenEden_X, mainly because I valued OpenEden's position within the Binance ecosystem. Based on the current facts, there’s reason to speculate that OpenEden is essentially the new version of Ondo, led by Binance. As we all know, Ondo’s funding cap table is star-studded, but notably lacks Binance/YZI Labs. Moreover, Binance was quite hesitant and only agreed to list Ondo after a long delay, and even then, it was through the so-called Alpha token listing process. In contrast, Eden was fast-tracked on its TGE day. Eden has only publicly raised one strategic funding round, and after checking, the sole investor in that round was Yzi Labs. Binance even made an exception by enabling OTC staking for OpenEden’s cUSDO (meaning your funds don’t need to be on the exchange to open positions). This is the first yield-bearing digital asset accepted by Binance for OTC collateral. At the same time, cUSDO is also the first RWA asset accepted by the custodian Ceffu. Note: Ceffu was formerly known as Binance Custody. The signal this sends is clear: Binance has given USDO, as an RWA asset, a level of trust akin to assets where they hold the private keys themselves. Binance’s strength speaks for itself. Projects they incubate often catch up to or even surpass their predecessors. There are countless examples, including but not limited to BSC, Pancake, Web3 Wallet, Aster, and more. Therefore, it’s hard to directly classify Eden as a so-called "VC coin." It doesn’t really have much VC involvement (if any). Even if you categorize it as a subsidiary business of the exchange, that seems more fitting than calling it a VC coin. [Not financial advice/Not price guidance]