It seems that we are quite nearing the TGE for @Openledger, as they are playing around with "Wen Drop" :) So, let's see what a FDV could be. Let's pretend that 2M tokens are similar to a 2x3month value of tokens. Openledger is giving out 300K in tokens value on Cookie and 2M tokens on Kaito for 6 months. As we don't know what the actual value of $OPEN tokens is, let's see what the team might think of the value. If we pretend that Openledger is offering a similar value of tokens to each @KaitoAI and Cookie, we could imagine that the value of about 333K $OPEN should be similar to 100K USD (this is what is offered to Cookie.) Please remember this is only an assumption and not based on facts. 100K$ / 333K OPEN = 0.3USD per Open. If Cookie got a much higher reward valuation for each month than Kaito like 1.5x, we could calculate it as follows. 66K$ / 333K OPEN = 0.2USD per Open. It is actually difficult to get the exact valuation for Open, as an example Openledger also offered an additional 50K USDC reward per month for yappers, which would increase the value for Kaito yapping to a monthly reward of 333K Open + 50K USDC. So if we look into it realistically, we could imagine a value of 0.1-0.3 USD per Open Token. There is no direct information about how many tokens are going to be issued, but if we would use a relatively normal Max Supply of 1B, it would be 100M FDV - 300M FDV. A few TGE's have shown different performance. - Fragmetric : Dapp, 300M TVL, supply 1B max, 65M FDV - Humanity : Identity, FDV, 740M FDV - Skate : Chain, Cross chain liquidity, FDV 45M - MemeX : Chain, Meme, supply 5B max, FDV 926M So, actually no idea where a project could range on FDV base... It could be 50M or 500M, but whatever it is, we are looking forward to the TGE.