Hey everyone, what are your thoughts on IDOs lately?
You know, we've seen how some projects that went through IDOs have really taken off. So there's this new project, BEFI Labs, that just launched today. We were all pretty hyped about it, thinking it might have a similar explosive growth like SAVM did after its IDO, like maybe a 300x return or something. But then, well, our expectations kinda got shattered. Even though BEFO Labs had a successful launch on Bitget and other cryptocurrency trading platforms. And considering how they've partnered with SAVM, SatoshiVM, and their plans to build a comprehensive trading terminal for BRC20 and ordinals, I have a feeling the token has potential for long-term success. Right now, it's sitting at a market cap of 22 million, which seems massively undervalued. https://coinmarketcap.com/currencies/befi-labs/

And if we look at the success of SatoshiVM, I think BEFI Labs might follow a similar trajectory. So, what do you all think?