The ICO market has indeed been a mess lately, with project teams either overestimating valuations to an absurd degree or raising embarrassingly small amounts of funding, making it impossible to make money. Suddenly, I saw a project break this situation, and its fundraising strategy finally looks decent.

A $2.5 million ICO fundraising scale combined with a $20 million fully diluted valuation (tokens fully unlocked) is a reasonable pricing logic. Fully unlocking tokens means no more long vesting period scams, allowing investors to see the expected returns after participating in the TGE, rather than being trapped by lock-up mechanisms.

This kind of fundraising plan is truly worth attention for investors — it’s not a crazy high-premium “matryoshka doll,” and it provides the project team with enough startup capital.