I opened Proof of Collateral to check one number. It is not the number everyone repeats.

It says 66 bStocks are currently issued. Not 25, not 40.

It also settles a claim that still circulates: $METAB exists. The page shows 3,270 Meta shares in custody and exactly 3,270 METAB as BEP-20. Backing 100%, updated today at 00:46:22.

Then I opened the $ASMLB order book on Spot, 15:30 Kyiv time. Lowest ask 1,739.85, highest bid 1,734.48. Spread 5.37 USDT, or 0.31%.

24h volume - 14.09 tokens, about 24,569 USDT. Fourteen ASML shares in a full day.

Here is what I take from this. 1:1 backing and liquidity are different things. The first guarantees a share sits behind the token. The second decides the price you exit at. On a book this thin a market order costs more than the fee, which is zero until August 31 anyway. So limit orders, not market.

On PancakeSwap I checked a different ticker, $NFLXB : 100 USDT gives 1.366819 tokens. Next to the name sits a Scale 1.00x badge - looks like the same Multiplier.

Do you check the spread before entering, or just hit market?

#bstockscis @BinanceCIS