Today we will continue to talk about the projects in the 200-300 range. Why is this range slow to talk about? Because there are too many junk projects, but there are also some good ones, which have been mentioned before. At present, the further you go, the greater the risk of the projects behind, because the current projects in this range are generally less than 500 million US dollars, and you have to know the market value after this wave of surge, so it may be only 100-200 million US dollars before, and if it has not risen, it means that the project may not be very good, so it has not risen. So here I will quickly go through these projects. If we find a good one, we can talk about it separately, and we may talk about 3-5 others together. Why do we go through these projects? Because the market value in this range is very low. If it is a good project, it is very easy to produce a hundred-fold series, so it is worth your attention.

1. FTN, the first project, is currently ranked 218th with a market value of 600 million US dollars. Its trend over the past year is simply invincible, and the curve is so beautiful. You will definitely think this is a good project. Let me tell you the conclusion first. After my research on this project, I found that it is a garbage project. It is a private chain modified from Ethereum, and the token is issued on Ethereum. The chain itself is a fighter among garbage.

FTN Introduction

Bahamut is an open source distributed ledger technology platform that supports smart contracts, focusing on all Web3 applications and serving as a new generation platform for the Fastex ecosystem.

Al Hadaf Open Ended PCC and Saudi Arabia's largest sovereign wealth fund PIF (Public Investment Fund) jointly invested in the establishment of a comprehensive full-ecological Web3 platform - Bahamut, and has currently received support from the Bahamut Grant. Currently, Bahamut has established in-depth cooperative relations with eWTPA, MISA (Saudi Arabian Ministry of Investment), MCIT (Saudi Arabian Ministry of Communications and Information Technology) and SAFSCP Foundation.

Bahamut is committed to building a comprehensive full-ecological Web3 platform that covers everything from daily consumption to investment and entertainment, creating an open, inclusive and innovative digital ecosystem, and building a comprehensive, diverse and secure digital world for users.

The Bahamut blockchain mainnet is already online, and it is also a layered design, with Caravan as the execution layer and Bedouin as the consensus layer, ready to provide stability for the network and maximize the potential of blockchain applications.

At present, one of its most distinctive features is its consensus mechanism, which is officially described as POSA (Proof of Stake and Activity). It is a novel consensus mechanism that considers not only the stake but also the amount of activity between the user and the smart contract (smart contracts are the basic software programs for any blockchain-based application) when considering the opportunity to become a block validator. The activity parameter refers to the total amount of interaction between the user (or blockchain address) and the smart contract within a specific time period. A node can deploy multiple smart contracts on the blockchain, and the amount of activity of each contract may be different, but the total activity of all contracts will be counted in the validator's chance of becoming the next block producer.

Token Economy

The total amount is 1,000,000,000. The current total circulation amount is 880,000,000. The circulation volume is 304,850,250, and the circulation rate is 30%. The current exchange rate is 1.95 US dollars. In terms of token distribution, founders account for 20%, sales account for 25%, market account for 10%, blockchain development account for 12%, ecosystem account for 24%, partners account for 6%, and consultants account for 3%.

2.POPCAT

A meme project on SOL, Popcat is an Internet meme that originated in October 2020. This series of videos shows two pictures of a domestic cat named "Oatmeal", one of which has its mouth closed and the other has its mouth open, and the second picture is edited into an "O"-shaped mouth. The official website of this project has only one picture. When you click on it, the cat in the picture will open its mouth, and then there is a global ranking below, which is based on the country, and should be located according to your IP.

Since it is a meme project, we can only look at some data. The current market value of the project is 480 million US dollars, 100% unlocked, and it has increased almost 20 times from February to now (0.02 to 0.5 currently). The number of followers on Twitter is 75,000, and the number of token holders is 130,000. It seems that the meme project holders on SOL are more than Ethereum, so I think the data on SOL is a bit fake, because obviously the users on SOL cannot be compared with Ethereum.

3.ORBR

Web3's task platform is somewhat similar to the GAL task platform leader we talked about earlier. Orbler is a dynamic Web3 marketing platform that bridges Web2 audiences and provides tasks, staking, and community-driven growth strategies.

Mission

Orbler is an application platform designed to help Web3 projects increase their activity and interaction on social media through engaging digital adventures. By providing a series of tasks and challenges accessible in the form of "missions", this application becomes a powerful tool by the community for the community, increasing engagement and strengthening the presence of Web3 projects in the online world.

There is nothing much to say about the task platform except to look at the number of fans. There are 50,000 fans on Twitter and 2,000 on Discord, so I estimate that the number of people on the overall platform is not very large, which is a huge gap compared to the fans of Gal Galaxy.

Token Economy

The total number of tokens is 2,000,000,000, of which 1,015,586,750 are currently in circulation, with a circulation rate of 50%. The current exchange rate is US$0.49. The token distribution market is 1%, sales are 15%, the team is 7%, partners and consultants are 1%, liquidity is 20%, and the foundation is 56%.

Finally, let's summarize these three projects. The first one, FTN, is a typical project with poor fundamentals, but the project K-line is very good. Some people say that I only look at the K-line. It's okay to invest. The risk and return are proportional. Take a chance and your bicycle will turn into a motorcycle. The second project is a meme project. There is nothing much to say. You can judge for yourself. The third project, the task platform, is not as good as gal. The task platform is to gather players. The more people there are, the more project parties can be attracted. More project parties can attract more C-end users. This is a cycle. So overall, these projects are not very good and are not recommended at present.