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Casha
@casha
Binance is launching pre-market futures for $INIT. The total supply is 1 billion, so the current price of $0.77 reflects a FDV of $770 million. Unfortunately, there’s still no information available on distribution or vesting. By the way, be VERY CAREFUL with shorting. The tokenomics haven’t been disclosed yet (aside from the small 5% airdrop for users). And judging by the $BABY pattern (pre-market futures followed by a HODLers drop), $INIT is also likely to be listed on Binance SPOT. A Layer 1 trading with a very limited retail supply can go for any valuation - just look at $IP, $BERA.
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