The project will be directly listed on Binance ALPHA, with Binance Alpha trading time at 19:00 on October 29, and Gate spot trading time at 20:00. The project background is average, with institutional financing of $10 million, no clear advantages, belongs to the ZK sector of BTCFI, and the popularity is average. Below we will analyze $BOS (BitcoinOS) in detail:

I. Investment Research Conclusion (Quick Summary)

Project Summary: A ZK project in the BTCFI ecosystem, mainly targeting B-end institutions, raised $10 million, team is average, pre-sale cost is 0.008.

Simple Introduction:

BitcoinOS is a scalable smart contract layer for Bitcoin, allowing developers to build interoperable rollups, dapps, and DAOS, bringing scalability, privacy, and DeFi to Bitcoin.

Valuation Analysis: Total token supply is 2.1 billion, circulating supply is 2.2%, selling pressure is 1.3% (Binance 1%, pre-sale unlock 0.3%).

1) Total fundraising: $10 million, allocation unknown, assuming 20%, estimated institutional cost is $50 million, corresponding to token price around 0.0023-0.003.

Note that the fundraising was on October 21, and many teachers speculate it is fake fundraising.

2) Pre-sale cost is 0.008, TGE unlocks 10%, corresponding to selling pressure of 0.3%

Estimated comprehensive valuation: Institutional cost unknown, pre-sale cost is 0.008, recent circulation is above 10 million, FDV is between 1-2 billion, currently in the fourth stage of the ALPHA cycle, estimated to be quiet, suitable only for small positions for long-term investment.

Comprehensive Evaluation [Neutral Investment]: A ZK project in the BTCFI ecosystem, the sector is not promising in the long term, the official website looks good, the team and funding have no advantages, average, $10 million funding, participated in token2049, and has a partnership with ADA, worth investing, other teachers suspect it is fake fundraising, some T1-level KOLs such as RU7, Ni Da, etc., are paying attention, circulation is only 2%, mainly held by institutions, estimated to be a bit of a hold, selling pressure is about 1%, average pre-sale cost is 0.008, corresponding to an FDV of 1.6 billion, a circulation market cap of 30 million, recently the circulation market cap of ALPHA coins is above 10 million, corresponding to a token price below 0.02, recently ALPHA is quite quiet, if the opening price is low, it can be considered to invest near the cost price.

II. Comprehensive View of Other KOLs: 5 people were collected, mostly bearish

1) Eleven Elve [Neutral to Bearish]

@EleveResearch

Low initial liquidity; high market cap; not very confident that BTCFi can get such high funding now; community mod said there will be more airdrop news in the coming days.

2) Crypto Wu Yanzu [Neutral to Bearish]

@fengyue010906

Building a second-layer network for BTC, the project team has too many gimmicks, those who participate in public offerings might lose money, predicting a price of 0.01-0.015

I previously staked on SOV and lost a lot, BTC second-layer networks are all pseudo-concepts

3) Fenglin.eth [Bearish]

@Akirapunk99

Not a three-no project, project quality is average, basically locked 30-50u, current BTC ecosystem popularity is very poor, it's likely to drop after launch, not recommended to hold, no big multiple opportunities

4) Howe Qu Mei | 𝟎𝐱𝐔 [Bearish]

@0xcryptoHowe

Not really interested in playing, the narrative of BTCFi, plus the recent announced $10 million funding, there are many doubts, it might be false information. Plus, the sentiment for new coins on Alpha is poor recently, not suitable for left-side investment. Generally, it is safer to wait for enough clear right-side signals before entering. Otherwise, you might be trapped for a long time, which is very inefficient in terms of capital usage

5) Crypto Tang Bu Wan [Neutral Observation]

@market_1123

• Testnet has 100 BTC locked test, fundamentals are acceptable.

• TVL is all institutional, institutional tokens are probably sold immediately upon listing...

• Pay attention to TVL when listing, if it grows well, you can buy some;

• After several months, the business is still not very skilled, I don't understand this project, DYOR

Risk Warning: The above content is based on network materials analysis and summary, for project research discussion only, do not use as investment basis.

Author: Sakura, ChainThink

Editor: Evan, ChainThink