The project does link traditional finance and decentralized finance to some degree, the official Huawei account with 1000w followers on Twitter introduced the project formally, has brought a lot of heat to the project. The lbp price of this project was $2, which dropped to $0.02 later. After Huawei's news came out the price has been pulled up ten times, but the current market value is still very low.
2, The recent outbreak point
Huawei 1000w official Twitter introduced the project
What the project does is to build a bridge between traditional finance and real finance, to provide traditional financial institutions with blockchain and defi knowledge, to bridge the financial gap, and to reduce the difficulty for traditional financial companies to enter defi.
Pledge to get tokens and have governance rights
Total number of tokens: 300 million
Foundation: 23% Reserved tokens are controlled by Defactor DAO
Private placement: 21.5%
Pledge reward: 25%
Teams and contributors: 16.5% Teams and advisors receive tokens for a three-year vesting period
6. Future Outlook
The project has strong partners such as centrifuge, console reight, algorand, etc. and also has the support of top companies like Huawei. The current market cap is still very small and has a relatively large speculative space.