CBB: The so-called "financing at a $1 billion valuation to avoid short-term speculation" is purely self-deception.

Odaily News CBB pointed out in a post on the X platform that the project party's rationale of “avoiding short-term flipping” for conducting financing at a valuation of 1 billion dollars while still locked is a form of “self-deception.” CBB stated that a reasonable approach for ICOs should involve fundraising at a lower FDV and allocating tokens to genuine core users and contributors, rather than creating an overvaluation structure that causes the project to lose a healthy token circulation foundation early on.