#代币空投 I have to say a few words about the public sale of CoinList's Rainbow. An FDV of 100 million, full unlocking at TGE, starting purchase at 100 dollars, and a 33% discount—I've seen this trap too many times.

It's not that CoinList is unreliable; the platform itself is fine. The problem lies with the traps of public sales like this. The FDV is inflated, but the discount is attractive, sounding like a bargain. In reality, what does full unlocking mean? While liquidity is sufficient, it also means tremendous sell-off pressure. I suffered losses on such "fully unlocked" projects in the past—on the first day of listing, the drop can be terrifying.

3% of the supply may sound small, but you have to consider who holds the remaining 97%. The founding team, investors, community incentives — these are all potential knives that could lead to a dump. Many people only look at the discount rate and never ask this question.

My current logic is very simple: for public sale projects, I will look at the unlocking mechanism, token distribution, and financing rounds. If there is too much difference in valuation during the early financing stages, be cautious. If the promise is full unlocking while still emphasizing early advantages, be even more alert. A $100 threshold is not a benefit; it is a signal to absorb retail investors in bulk.

Whether this project is worth investing in ultimately depends on the technology and ecosystem, not on CoinList's endorsement. Do your homework and don't be blinded by discounts.