The established protocol Rhea (RHEA) will launch on Binancealpha on July 30th. Let's see how to estimate the coin price and conduct trading operations?

Background: Originally named Burrow, launched in 2021 as a DeFi Lending+DEX on the Near chain.
Financing: Round 1 total $5M
Business: TVL $270M ranks first on this chain, Revenue 30d $150K
Community: X 124K, DC 26K, TG 20K
Tokenomics: Three-coin model, total supply of 1 billion, initial circulation is about 11%, VC holds 16.23% of the coins, community holds 34%.
The basic utility is complete.
Conclusion: One utility of RHEA is to capture the value of the protocol and distribute it to real users. Based on an average fee of $1M for nearly 3 quarters, that amounts to $4M a year, multiplied by the common factor of 20 gives $80M. However, the fees are certainly not 100% attributable to the Holder, as LPs take the larger share.
The project party does not have clear rules, which also indicates that they are not very invested in it. After all, TGE is all about pouring in funds, and spending so much time discussing value is unnecessary. This project has an average quality and is expected to open around $0.1; if it exceeds $0.3, shorting is necessary.
Due to some information not being disclosed, an analysis cannot be conducted at this time. Any updates will be followed up in the comment section later in this article.