Binance Alpha Folks @ FolksFinance November 6th FolksFinance originated from Algorand and has now been implemented as a cross chain DeFi with 8 interconnected chains. The narrative focuses on "bridging liquidity free unification" and Chainlink CCIP. Total financing of 6.2 million yuan, with a frontline VC team; The total amount of FOLKS is 50 million, TGE circulation is 25%, FDV is about 75 million, and circulation market value is about 19 million. The team has solid technical and governance experience, with a comprehensive score of 7/10. The highlight is cross chain innovation and low liquidity valuation, while the risk lies in token selling pressure. 1、 Fundamentals Core positioning: Cross chain one-stop capital market, lending+liquid pledge+DEX+asset management Main tracks: DeFi lending/liquidity staking/cross chain liquidity Key narrative: 1) Bridge free cross chain liquidity (xChain+Chainlink CCIP) 2) Algorand flagship DeFi+supports eight chains 3) RWA (Gold and Silver Anchored Assets) TVL 137M， Among them, Algorand chain accounts for 77%, Avalanche 17%，Polygon 3%。 2、 Financing and Endorsement Total financing of 6.2 million ➤ Seed round: 3 million, 2022-01, leading investments in Borderless Capital, Coinbase Ventures, Jump Crypto, ParaFi, etc Series A: 3.2 million, 2024-11, Borderless Capital continues to lead investment, Algorand Foundation, OKX Ventures, etc 3、 Founder/Team • CEO：Benedetto Biondi， Background in Italian mechanical engineering, joined Blockchain Italia in 2018, co created Folks in 2021; Led the team to set a high of $400 million in TVL. Co founder: Pietro Azzara, Chairman and Policy Evangelist of Italia4Blockchain. • COO：Michael Moresi， Lead operations and multi chain expansion. • About 20 core members, most of whom have experience in Algorand smart contracts. 4、 Token Economy Total amount: 50 million FOLKS Token allocation: Community (airdrops&incentives): 35%,~0.67% instant+remaining 90 day linear, remaining multi season airdrops Ecological growth: 24.73%, 100% unlocked Seed round investors: 21.83%, cliff from December to March Strategic investors: 4.94%, cliff from December to March • Core contributors: 10.00%, cliff from December to March Consultant: 3.50%, cliff from December to March TGE circulation 25.4%, community airdrop Season 1 users can choose 20% immediate or 90% linear for 90 days, FDV corresponds to a seed round valuation of 75 million yuan, which is 1.5u per unit. The circulating market value of TGE is about 19 million. 5、 Overall rating Comprehensive rating; 7/10 FolksFinance has entered the pain point of DeFi liquidity fragmentation through a "cross chain one-stop capital market", relying on its technology stack (Chainlink CCIP+Wormhole NTT) and Algorand's leading position to create barriers. FDV is 75 million yuan, with an initial circulating market value of 20 million yuan, and the cost-effectiveness is still good. Anyway, the main consideration is short-term, and a 25% circulation is a bit high. Let's observe the opening selling pressure first. All projects are not without imagination or acceptance, there are too many uncertain factors behind them.