除却巫山不是云

FOGO: Spending 6 BNB, friends were shocked: asked why 0.14 BNB was deducted. Pre-TGE means you pay BNB, and the project team sells FOGO tokens to you. This time, the project's selling price is 0.035u, with a total of 200 million FOGO tokens sold. The TGE mechanism allows everyone to deposit BNB into the pool; it's not first-come, first-served, but rather oversubscribed, with shares distributed proportionally based on oversubscription ratio. Therefore, if there are fewer buyers and the project team doesn't sell out all tokens, no BNB will be refunded to anyone. Previously, less BNB was deducted because the oversubscription ratio was high—last time it was 2,500 times oversubscribed, so each participant lost only 3/2,500 of a BNB, which was barely noticeable and mistakenly thought to be gas fees. But this time, the oversubscription ratio is only 40 times, so each participant loses 6/40 of a BNB, which is nearly 0.15 BNB—this is the cost of buying FOGO. The previous high oversubscription ratio was due to the project team's low pricing and limited token allocation, making it insufficient for all participants. This time, the project team's price is higher at 0.035u, and the allocation is larger at 2%, resulting in a much lower oversubscription ratio of only 40 times. That's why the cost per participant is higher. 5. Most importantly, please note: the pre-market price of FOGO is currently 0.053. If the price drops below 0.035, we will incur losses—commonly referred to as being 'raked'! But I don't think that will happen this time. With so few airdrops recently and many friends having left, if Binance continues to allow the project team to pull off such a 'knife' move, people might start criticizing Binance aggressively. Personally, I'll hold on for now and see how the one sister plans the airdrop strategy. Brothers, what do you think—should we hold on too?