CBB: The claim of "raising funds at a $1 billion valuation to avoid short-term speculation" is pure self-deception.

According to Odaily Odaily, CBB published an article on the X platform pointing out that the project team's claim of raising funds at a $1 billion valuation while the project was still locked, under the pretext of "avoiding flippers," is a "self-deceptive argument."

CBB stated that a reasonable approach to ICOs is to raise funds with a low FDV and allocate tokens to genuine core users and contributors, rather than creating an inflated valuation structure that causes the project to lose a healthy token circulation foundation in its early stages.