2026-01-04 05:27:42

#预测市场 Seeing the Space project, I need to calm down first and sort out a few questions.

The background of the UFO team is indeed convincing— they managed to get into the top 100 in 2021, but that’s also the point I need to be cautious about. Their success was built on the market frenzy at that time; can it be replicated now? I don’t know.

Regarding this sale, a few details concern me:

**First, the tokenomics look very attractive.** 50% of revenue is used for buyback and burn, which is a common narrative among projects. But the real question is—where does the platform revenue come from? Relying on trading fees. In the prediction market sector, liquidity is always a major challenge. Without genuine trading volume, the buyback mechanism is just a house of cards. I’ve seen too many projects use the "flywheel" narrative to package themselves, only to fail due to insufficient trading volume.

**Second, about the fundraising.** $3 million seed round, with Echo oversubscribed by 1360%—that number looks impressive, but I need to ask: are these oversubscription participants truly users interested in trading, or just token speculators? If it’s the latter, once TGE (Token Generation Event) is 100% unlocked, there will be significant sell pressure.

**Third, the unlimited minimum investment setting.** On the surface, it seems "democratic," but in reality, it means a highly uneven distribution of privileges. Early large investors can lock in higher tiers, while later retail investors can only get leftovers. I’ve seen this structure many times, and it often evolves into another form of internal advantage.

Prediction markets do have demand, but my advice is: don’t be fooled by the "fairness" narrative of public token sales. What really matters is—after the platform launches, whether it can attract genuine traders, not just token speculators. If trading depth is insufficient and spreads are huge at launch, then high leverage is just a trap.

Wait until the platform is live and analyze three months of trading data before making a judgment.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.