"When I was in Singapore, @punk9277 mentioned only one project to me, and that was @Everlyn_ai. The reason was pretty funny. First, I complained that the ambassador for this project keeps editing my profile picture into videos and tagging me all day long. Second, they know I'm a Sui maxi, and this project is led by @Mysten_Labs and initially launched on BSC . At that time, I didn’t know they were launching their contract on Binance today. From a Shandong perspective, this shows that Kaito places a lot of importance on this project. In terms of investment relationships, anything Mysten invests in, I generally assume the people involved are solid. The team claims they want to create something like cryptosora, with a private valuation of $250M and $15M raised. Kaito’s public round raised $2M at a $250M valuation, oversubscribed by more than 2x, with TGE fully unlocked. During TGE, the airdrop seems to only include Binance’s portion (didn’t see any community airdrop entry?) + Kaito’s $2M. There’s a total of 1B LYN tokens, and as of the time I’m writing this, the contract hasn’t launched yet. FDV is around $600M, and MC is $150M. In other words, the project team is playing with a super high control strategy. The unissued airdrop and lack of an online checker might also be to create a time gap. To be fair, this valuation isn’t low, but the current listing combination and market sentiment probably won’t support a direct cash-out approach like Hana. Personally, I’m expecting a release and shakeout phase, while observing the contract—especially since there hasn’t been any announcement about Korean exchanges. Hope the project team can show some style and deliver quality. (Attached: “Changpeng’s sarcastic smile,” uh...)