Is it reliable that a certain DeFi project raised $650,000 in two rounds of presale, promising a 6x return upon listing?

Question

Recently, 【币界】 noticed a DeFi project that moved quickly in financing, raising 650,000 US dollars after two rounds of pre-sales, attracting over 1,400 addresses, and selling a total of 12.5 million Tokens.

The second phase is still ongoing, with a unit price of 0.06 USD. According to their plan, the listing price is set at 0.40 USD—this means that early investors could theoretically see over 6 times their paper profits. Of course, whether this expected return can be realized will depend on future developments.

The product line is quite comprehensive: non-custodial wallets, their own DEX, and they even mentioned the intention to create a crypto debit card. The annualized yield for staking is set at 55%, which is considered a relatively aggressive incentive strategy in the current market environment.

That said, high returns often come with high risks, especially in the early stages of new projects. If you want to participate, you still need to conduct your own due diligence and not just rush in because the data looks good.

NFT_Therapy · Accepted Answer

6x return? Uh... it&#39;s this trap again, I&#39;ve heard it too many times haha

OldLeekConfession · Answer

6x return? Heh, it&#39;s this trap again. 55% annualized, and I&#39;m just heh, be careful not to become a dumb buyer.

BackrowObserver · Answer

Here we go again, daring to claim a 6x listing with 650,000 USD? I think it&#39;s unlikely.

Not sure, entering at 0.06 feels like a higher chance of being played for suckers.

55% annualized? Ha, let&#39;s see this number when it collapses, it’s hilarious.

I&#39;ve seen many projects like this, no matter how comprehensive the product line is, it can&#39;t withstand a rug pull.

The over 1400 addresses that entered early, aren&#39;t they just betting on being able to take over? Truly exciting.

ContractSurrender · Answer

6 times the return? It sounds like a story to me. How long can a 55% stake yield last?

ForkInTheRoad · Answer

6x return? Just listen, don&#39;t really believe it... The traps of new projects are all the same, pretty numbers can easily blind you.

AlphaLeaker · Answer

650k USD for two rounds and this is the data? The fundraising speed feels average, a real blockbuster should have already broken 10 million.