Kaito's fourth project @rise_chain has too low popularity, should it be launched or not?

I think there are a few main reasons for the lack of enthusiasm:

1. Serious lack of information disclosure
RISE only announced a 200 million FDV + 4% public offering share, but key information such as total token supply, team/investor allocation, and unlocking mechanisms are missing, making it difficult for investors to assess the sell pressure risk and long-term value, leading to a wait-and-see sentiment.

2. Mismatch Between Valuation and Market Sentiment
The RISE positioning is in the L2 track, with a 200 million FDV not considered low among new L2 projects. Moreover, RISE is still in the testnet phase and lacks any historical revenue or fee data to support it, leading investors to be more cautious about the "high FDV + opacity" of new L2s.

3. Subscription Rhythm and Psychological Gap
The first day of Kaito's public offering did not see a "秒光" (instant sell-out), indicating that both large investors and retail investors are adopting a wait-and-see approach. Additionally, the official extension of the fundraising period further reflects insufficient demand, which further undermines market confidence.

Of course, there are also highlights:

🔸Technical Route: Parallel EVM + Decentralized Sorter, with differentiation in the track.

🔸Investment background: Vitalik, Sandeep, Galaxy and others endorse the project, proving that it is not "without a background".

🔸Low initial circulation: A 2% TGE may indeed bring short-term speculative opportunities.

However, due to the token economic model not being implemented, these highlights are still insufficient to translate into strong subscription motivation.

Conclusion:

I personally think that I won't be playing in this state for the time being. If @rise_chain officially reveals the complete Tokenomics, technical progress, or provides some hints about the launch of the first batch of ecological applications in the coming time, I will consider it!