A lot has been stuffed into limitless. Referring to the status of the neighboring legion, it is expected to reach several hundred times in the end. However, this kind of trick of stuffing on the edge is useless because 10 days + one-time payment = high probability that @KaitoAI will weight the shares based on the stake time.

In such a high multiple situation, it seems like several days are saved, but in reality, not much coin can be obtained, and one still has to follow the subsequent processes. So I estimate that adding in the final stage basically wastes liquidity. Of course, saying this won't stop anyone; once the result is out, everyone will understand.

It seems that I don't have much stake in @Novastro_xyz, but in reality, my position of $XNL will be heavier because the limit has already been oversubscribed to 88x, and the check is 5x, while Novastro is only at 1.4x, so most of what I put in can be obtained.

So, I actually regret it now. Once the funds are in, they can't come out during this period, and I can't add more. Currently, the capital utilization efficiency on limitless is really too low, but once novastro is fully unlocked, it will be much more comfortable.

So far, Kaito has never had a failure in new projects, and even Hana is making a profit. I really want to transfer some funds to Nova for investment. Sometimes, non-consensus alpha opportunities are actually hidden behind the spotlight of popular projects.

Last time I mentioned that the opportunity cost is the biggest cost in a bull market. Just during this one week of locking up, you never know what might happen. It's better to invest in projects that can maximize the use of funds.

The business model of Novastro itself is not the main consideration, which may have led to the pullback after the TGE, and that is why I need to discuss this topic.

Currently, the main business model in the RWA sector is still government bonds. Government bonds are relatively simple; you just buy them with US dollars, and that's it. They are not prone to defaults, but the returns are also fixed.

The truly vast market is the 30 trillion real estate market, which generates a large amount of real income every year through transaction fees and rental fees. However, this business also requires upfront cost investment to be implemented, which is the significance of $XNL , as it can smoothly support the transition of the business from the initial investment fundraising stage to the stage of stabilizing and generating profits.

Lastly, I would like to remind everyone that the valuation logic has fundamentally changed recently, so do not view new coins with the perspective of the previous few months.

Although many large trucks seem to have quickly poured in after a surge, that was after a period of glory. VC/MM has regained pricing power. The core is not the result of the pouring but the ability to choose the right position to pour. This is also a hotbed for new investments, after all, it can give retail investors an opportunity to enjoy the same cost as VCs and benefit from the cycle's dividends.

In my experience, in this kind of market, you either need to keep your hands off and invest only after the cycle completely ends and the valuation returns to rationality, or you must complete your investment before the end of the cycle; otherwise, you will definitely be left hanging at the peak.