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In recent days, many new projects have started fundraising, and it feels like there has been quite frequent activity on Base and BSC.
On January 20th, I noticed a few: ELSA completed a $3 million funding round, with a pre-market price of 0.123, corresponding to a valuation of around $123 million. The initial circulating supply is 22.89%, and the airdrop can be claimed at 3 PM. On the same day, there was the ACU project, which raised $11 million, with a set price of 0.07, FDV approximately $70 million, and a circulating ratio of 14.5%. The airdrop was available at 6 PM.
By the 21st, the GWEI project had a larger funding scale, raising $17 million, with a pre-market quote of 0.0198. Based on this price, the estimated FDV is close to $200 million, and the airdrop opened at 8 PM. All these projects are running on either Base or BSC public chains. Early participants should carefully verify the project team's background and contract security.
ELSA is only valued at three million but has skyrocketed to 123 million, which is truly unbelievable.
ACU and GWEI seem a bit better, but do you dare to touch them? I wouldn't dare.
Early-stage projects like these look tempting just from the numbers, but without audited contracts, a rug pull is just a matter of minutes.
With such a low circulation ratio, it smells too much like a sucker's game.
ACU's FDV of only 70 million is actually quite interesting, but I don't know much about the backers behind the project.
GWEI's 17 million funding sounds pretty substantial, but I prefer to review the contract first before making any moves.
These projects launching in quick succession definitely seem suspicious; it's best to research the team before bottom fishing.
The lower the circulating supply ratio, the easier it is to pump the price, but it also increases the risk of a crash. It looks quite dangerous.
The 17 million GWEI funding scale is indeed impressive, but it depends on the team's background
ELSA's circulating supply ratio is only 22.89%? That's a pretty aggressive design
ACU and ELSA on the same day? I feel like they're both riding the trend
Contract security really needs to be checked by yourself, don't get caught losing your money unfairly
This round of funding is quite intense, be careful not to put all your eggs in one basket
I looked at ELSA at 0.123, with a FDV of only 123 million and less than 23% in circulation. That ratio is indeed a bit suspicious.
ACU and GWEI have sizable funding rounds, but to be honest, early participation in such projects is quite risky. Who knows what’s really going on behind the scenes?
It's time to start verifying contracts again, every time afraid of stepping on a landmine.
The funding wave is here, but I think I’ll wait and see for now.
There are more projects like this, and it always feels like there's a lot of hype. You still need to do your own research.
ELSA's circulating supply ratio is a bit low, be careful of a dump.
ACU's valuation looks okay? But it's better to be cautious.
GWEI raised so much money; early investors are probably just gamblers haha.
You need to look at the code yourself; don't be fooled by the funding amount.
Whether these projects are reliable mainly depends on the team; good data alone isn't enough.
I'm a bit hesitant about projects with such low liquidity, worried they might break the peg right after launch.
GWEI's fundraising scale is not small, but I've seen too many schemes where the valuation doubles instantly.
Is the 14.5% circulating supply of ACU considered generous? I'm not too confident about taking on this kind of project.
It feels like a gamble on whether the project team is reliable and whether the smart contract has issues.
Among these three, ELSA has the highest initial circulating supply, so it might be relatively safer?
ACU's valuation is decent, with a $11 million funding and a FDV of only $70 million, which looks more comfortable.
I'm a bit hesitant about GWEI's $17 million; I need to look into the background first.
Doing research and managing time is exhausting, especially with such dense airdrops.
Has everyone done the contract audit? Don't want to get caught in another trap.
With such a low circulating supply ratio, early entry is really a gamble.
This round of fundraising is a bit frequent; it seems like everyone wants to ride the hype.
The circulating supply of ACU is only 14.5%. There is room for price manipulation later, but you also need to be cautious of a dump.
GWEI raised 17 million and directly hit a 200 million FDV? Friends who participated early should really check who the project team is and whether the contract has backdoors. Don’t fall for another rug pull.
Recently, the quality of projects on Base has been mixed. As more people seek to strike it rich, naturally, more scammers are appearing.
GWEI 17 million in funding, this scale is really not small, better dig into the background carefully before jumping in
ACU's circulating ratio is so low, be extremely cautious if you participated early on
Listen to me, skip any contracts that haven't been audited, or you'll just get wrecked if you go all-in
ELSA airdrop starts at 3 o'clock? Better get your wallet ready early
Not all Base projects are gold; the quality of projects this wave varies greatly
Projects with such low prices are extremely risky, do you really think they can double?
Pre-market data looks good, but the key is whether the project team is reliable
ACU's FDV is so much lower than ELSA, is there some trick behind it?
I just want to ask, among these three, who has the highest probability of being a rug pull?