The project was launched under the Binance ecosystem halo, so it’s destined to only cater to Binance’s user base and struggle to grab a share from Western users. When even Aster, the main project being supported, is stumbling in its competition with Hype, where’s the room to accommodate another ‘child’? Not to mention, the Perp space is getting increasingly crowded, with even Polymarket trying to squeeze in. On top of that, Binance has been extremely cautious about granting Perp listing slots lately. Forcing a token launch just to push out an Alpha wouldn’t make much money and would bring a ton of negative pressure (especially since the founders are publicly identified). This is probably why the team ultimately decided to quietly shut things down. I didn’t invest in the KOL round or participate in this, so I’m not sure how the returns turned out for those who did. Just saw DUSD lose its peg by 3 points during the panic sell-off, but it’s already mostly recovered now. This shows the team still has some integrity. Hopefully, @StandX_Official can make a graceful exit in the end. We’re now at the tail end of old VC coins clearing inventory. Many projects that couldn’t launch before might never see the light of day. Cherish those projects that are still willing to launch tokens, especially the ones that are willing to give a big chunk of tokens to early users. For example, @variational_io and @predictdotfun. Looking forward to these two recently