Last night, 50 million River Pts sold out in 2.5 hours 🥳

Total Subscription: 2,908 BNB (approximately 3.2 million USD)
Actual raised: 2,235 BNB (approximately 2.5 million USD)
Final Price: 0.0000447 BNB (approximately 0.048 USD)
Open redemption time: October 31, 22:00 (UTC+8)

The speed of this public offering is indeed extraordinary, and I believe it is the result of multiple factors 👇

1⃣Whether it's River or Pts, they are indeed the recent market hotspots, and everyone is bullish on the future market, with unprecedented participation enthusiasm.

2⃣ Many people do not understand the auction mechanism, and I even think some believe that the earlier you buy, the cheaper the price. The rush to buy from some accounts has also contributed to a nationwide FOMO.

I calculated that it takes 2.5-3 hours after the public offering starts to enter a reasonable hitting zone. However, the net order of 6 million Pts was completed within an hour, reflecting that the Pts cost is above 0.09u.

If at that time you placed an order for 10,000 Pts, you would need to pay 900u in BNB, but when you reach the reasonable hitting zone and place an order at 0.05u, you can get 18,000 Pts allocation for the same 900u, which clearly has a higher capital utilization rate and is more cost-effective.

Even if the public offering is sold out before reaching the batting zone, you can still buy Pts directly from the secondary market at a price approximately 10% lower than the public offering price.

The overall public offering went smoothly this time, and the variant Dutch auction is quite innovative. Did everyone notice? River's product and token design always impress newcomers. The $2.5 million raised will inject new vitality into River, and we look forward to the project team making good use of this funding🫡🫡

@RiverdotInc @River4fun @bibisister0508 @Hugo96k
@Crypto_Luang @AWeb3Going