The first launch project of Bybit transmitter @ byreal_io has been confirmed as Fragmetric (Sol re staking platform) We have studied the launch rules of the Byreal launch pad. If @ virtualis_io's Genesis Launch achieves the goal of 'valuing AI projects', then Byreal is trying to' use IEO's approach to launch on chain projects'. Rule 1: Intelligent Price Ladder Users no longer participate in launches or auctions at a single price, instead they can bid through multiple price points. Imagine it as a stock order book to understand. Rule 2: The higher bidder receives more credit The essence is still to motivate users to auction at a higher price point. It's not a problem to incentivize users who take on more risks. The specific rules for obtaining white goods and how to set the price ladder still need to wait for the details and gameplay to be finalized. The founder of Byreal described Byreal as a "permissioned dex", which means that the centralized exchange launch platform, trading market, and wealth management market have been moved onto the chain, and the platform selects projects and assets for users. The first issue of Fragmetric itself is also a high-quality VC coin. There will definitely be a wealth creation effect, but the characteristics of VC coins determine that the valuation discount will not be too much (otherwise, how can VC make money)? It is recommended to participate. By comparison, I prefer the idea of incubating the Virtuals ecosystem.