The hot Berachain's cult meme coin $HENLO will be known for its ultra-low Market Cap IDO? Valuation of at least twice the return on the benchmark financing

A few days ago, Berachain's meme coin $HENLO announced that it will conduct an IDO on Ramen Finance, and it is striking that the valuation of this round is only 6.9 million magnesium, which is still more than twice the valuation of 15 million magnesium compared to the previous institutional financing. $HENLO is a meme coin incubated by The Honey Jar, the most cult-like well-known community in Berachain, which is similar to HELLO in the Berachain community, and has been used many times by the core of the team, official Twitter, etc.

The strongest meme coin in the bear market, with millions in funding.

Henlo received funding from Primitive Ventures, Frameworks Ventures, Olympus DAO, Rubik VC, Baboon VC, SNZ Capital, and Kodiak on February 5th, with a funding amount of 3 million euros and a valuation of 15 million euros. The team behind Henlo, The Honey Jar, is one of the most influential communities in the Berachain ecosystem, often referred to as the most cult-like community organization. At the same time, The Honey Jar also issues NFTs, and holders may look forward to airdrops.

$HENLO Generation Economics:

Contributors: 15%

Investors: 20%

PoL bribery, market making, initial liquidity: 23%

Community: 32%

Including airdrops and Ramen Launch sales

Reserve: 10%

Remember to register for the IDO on March 3rd, profits are expected to double at least

In cooperation with Ramen Finance this time, the proxy coin will be issued. Registration will be available on the website starting at 10 p.m. on March 1st, Taiwan time, and will end at 10 a.m. on March 3rd. Gacha IDO will be available from March 3rd. It is understood that TGE will be launched immediately after the end of IDO, and the expected profit may exceed twice the benchmark valuation. However, the cap for this round is only 69,000 magnesium, which means that each winning address can only actually invest 150 magnesium to obtain 2,173,913 $HENLO.

It is important to note that Gacha IDO is a unique mechanism of Ramen Finance, which requires the consumption of Gacha tokens deeply bound with Ramen to participate in the lottery. Each wallet can consume up to 2000 Gacha to purchase 10 lottery tickets. Content creator @wbshy885746 has compiled three ways to obtain Gacha tokens, with the lowest cost to obtain 200 Gacha being approximately 278 USD. If you don't win in this round, you need to quickly grab the remaining quota of Gacha rounds that have not been won at 5 am on the 4th.

This article on the explosive meme coin $HENLO of the cult organization Berachain will have an ultra-low market value IDO? Benchmark financing valuation at least double the return first appeared on Chain News ABMedia.