Binance Alpha is putting $pPOLY up this time. The name tags it as an IPO, but getting listed has nothing to do with it.
Binance is thinking about selling on-chain first-round private equity, but the total quota is about $5 million.
I think participating in the IPO subscription is fine, since there’s a profit effect. But don’t get carried away in the secondary market—once the opening price is pushed up by hype, the bagholders are the ones left to unload to someone else.
Polymarket’s “real” IPO is still a long way off (starting at a year or two). If it doesn’t list, holding equity isn’t as good as just honestly holding the bread for sure.
Binance is thinking about selling on-chain first-round private equity, but the total quota is about $5 million.
I think participating in the IPO subscription is fine, since there’s a profit effect. But don’t get carried away in the secondary market—once the opening price is pushed up by hype, the bagholders are the ones left to unload to someone else.
Polymarket’s “real” IPO is still a long way off (starting at a year or two). If it doesn’t list, holding equity isn’t as good as just honestly holding the bread for sure.