Analysis of Puffverse (non-advertisement) @Puffverse $PFVS Keywords: (TL;DR version) 1. Gate.io token launch: Refund if price drops below $0.07 within 24 hours of launch (exchange promises no risk). 2. Public round isn't overly exaggerated, offering investors approximately 1.5-2x exit potential (target price for investors is $0.05-$0.08). 3. Currently awaiting the market performance of GameFi. 4. Is this Gate.io's first attempt at this? It might set an example for others. The exchange's promise of no risk implies the project team has invested resources to maintain the token price. The first 24 hours are crucial. ———————————————————————— As of now, the token launch price on Gate.io is $0.07 per token. Total supply is 1 billion, which means FDV is $70 million. This can define the public round valuation as $70 million. Based on data disclosed by Puffverse: In June 2024, they raised $3M, with the valuation likely not exceeding $50 million. Assuming the project valuation is $35 million, the public round valuation is 2x the private round valuation. ———————————————————————— Personal Evaluation: 1. Savvy investors will likely hedge and lock in profits above $0.07. 2. This is also one of Animoca's many projects testing the waters, gauging market reactions to GameFi. If the price exceeds $0.1, it could warrant additional attention to other projects in the GameFi sector. 3. I don't intend to evaluate the fundamentals of GameFi projects at this time. In the current market environment, GameFi is almost incapable of completing normal fundraising.