From an institutional perspective, Memecore (non broad) The rating for this project is average Baby Bus Version 1. The speculative value of public chain projects that cannot be implemented is worrying 2. The founding team has previously released other gamefi projects, but the current FDV is below $5 million and the project has been abandoned due to poor reviews 3. The founding team did not show any content on their personal Twitter account and seemed to have found an external role 4. Shuidi Capital has played a leading role in the BTC ecosystem multiple times. Currently, its layout has slightly failed, and the project still lacks consensus on core pricing as a leading investor memecore @MemeCore_ORG Meme chain (layer 1) led by Shuidi From the perspective of only one round of financing, the project has not achieved a satisfactory milestone At present, the best PR is Kraken Listing Currently, no larger listings have been seen —————————————————— Although it is a public chain and the official website has an application portal for community driven projects, such projects cannot be overestimated without running an instance Cherry Hsu @ Cherrytin3 is also the CMO of Pomerium At present, the FDV of the project is 3.86 million US dollars, which can be said to have been abandoned Rudy Rong @ RudyRong3, also the CEO of Karat, can be said to have abandoned the deal with FDV for only $1.14 million Based on the past projects of the two core members, this project only has speculative value and is not a practical project —————————————————— Generally speaking, in the first round of a public chain, a jump of 50M-80M is considered an important interval According to the research I have conducted so far, the project has not shown strong market potential and good product strength, and it is more like a product from Shangsuo So I will set the valuation of this project at around 30M. Several VC firms are expected to only pay around 3 million US dollars (which is only enough to cover the current few firms and may not even have enough activity funds for Bybit) In summary, the mayfly level project has no potential for public blockchain development