Token points have rolled out, and the valuation math is already making rounds in the community.

Running some rough comps based on similar projects and their trading volumes, I'm landing on a fair value range for this token somewhere around $1.5-2B in fully diluted value. That translates to roughly $40-50 per point for early participants.

The mechanics here are interesting—comparing against peer projects with comparable transaction flows and user adoption curves. Whether it hits the lower or upper end of that range depends on how quickly the ecosystem gains real utility post-launch.

If you're holding points, might be worth doing your own math on the FDV and what makes sense for your risk-reward profile. Market's been pricing in a lot of hype lately, so doing the homework beats following the crowd.