CoinList: The average initial FDV of DYM, STRK, ARB, W is 13.3 times higher than the previous

PANews reported on May 28 that CoinList posted a discussion about the issue of high Fully Diluted Valuation (FDV) on platform X, and proposed its solution. CoinList pointed out that high FDV is not the problem itself, but rather when projects fundraise with an FDV during private rounds and then issue to retail investors at up to 20 times the FDV a few weeks later. If retail investors could participate at prices close to the last VC round, everyone would be more satisfied. CoinList believes this practice is harmful for founders in terms of long-term development because their brief unicorn status will subsequently be destroyed due to air drop farmers quickly selling tokens and continuous selling pressure from the private market.

For example, recent initial FDVs for some highly publicized air drops were: $DYM - $4.7B, $STRK - $27B, $ARB - $13.2B, $W - $14.25B; these projects had an average initial FDV of$14.7B which was 13.3 times higher than previous private market valuations . In contrast, CoinList's first five token issuances this year only priced retail sales at 1.04 times higher than previous VC rounds without lock-up periods or shorter vesting periods making conditions more favorable . Coinlist emphasized they are committed to balancing competition by providing early adopters with conditions no less favorable than those in private markets.