The long waited $PROMPT TGE launched. Won't mint words: a terrible TGE launch by the looks of it. Almost no one is happy with the results. Bull posters claiming a 1B-4B FDV will be hastily deleting their posts at this point. The FDV is currently sitting at between 130-140M after opening around 200M, which is less than 25% of what expectations were. THE BAD - entire macro trade + fascial world order is having an earthquake moment and still in the midst's of the aftershocks had no small impact. Probably the WORST time to launch out a TGE, but it is what it is. - the @KaitoAI claim contract was exploited with some MEV bot, with hundreds of thousands in claims stolen. I understand this was not @AIWayfinder's fault but that of Kaito's. I'm going to assume the Kaito devs decided to write the contract with ChatGTP, Pretty atrocious on their part. THE REALLY BAD - the core PRIME community is deeply unhappy. Those with PRIME bags who cached (i.e. staked) $PRIME for $PROMPT early on took a huge L here. If you bought PRIME at any point over the past 12-18 months (the PRIME ATH hit almost ~$30 USD early 2024) you lost your shirt. It reasons when you are down 90% on your PRIME token value and your staked $PRIME is locked for 3 years, and you observe hordes of KAITO small accounts who spammed out a couple tweets getting more tokens than core believers with ZERO cost value other then hitting the SEND button on X, it's going to rub the wrong way. I cached 0 PRIME here personally, but almost no one who cached PRIME here, small or big holder, is happy from what I see. Early believers who put the most at risk should be the most rewarded. Giving the benefit to farmers with nothing invested is sure to ruin things for your community. Not sure what the logic here by the team was, but even though I was not part of this group, I'll be the first to say they got screwed. THE GOOD Now the actual product is quite interesting, early that it may yet. The fact that instead of having to lock your $PRIME tokens at a 400M to 1B FDV for 1-3 years to get a tiny airdrop at a paltry 130M FDV means there is a lot of upside for secondary market buyers who want to buy value. @AIWayfinder is the first realization of a Crypto x AI product that does something substantial and could be potentially disruptive. When the product is fleshed out, it stands to transform how the average person interacts with blockchain. This also might transform DEX usage assuming products like this become the go to means to quickly trade tokens and transport liquidity from chain to chain. The potential is there. Now, as one of the strategic investors, I have multi year vesting and no tokens for a year. So I'm certainly not in any paper profits (the FDV is under what I invested a nearly year and a half ago and I have multi years of vesting). As has been the case in this market, to be an early investor is to take Ls. But the product excites me regardless, even if the TGE start was rough, the PRIME community took a huge L, and the FDV is (so far) disappointing. This could well be one of the few projects where the token is worth much more in 12-24 months then it is on TGE. Right now the product is the worst it will ever be, which means the next few years will be interesting. The market does not care much about real products in the middle of a financial typhoon. Pretty clearly any sort of TGE now is going to be sold into and sold into hard. However, if the market comes around back to utility and disruptive projects start to attract value, $PROMPT is in a very good position to benefit. It's also one of (if not the top) real AI crypto project where you can actually see the product really does something. I have to think that the AI narrative, in some form will come rolling back to the web3 space and those with live products will catch a bid. I'm going to keep an eye on this one and it's one of the only tokens I would buy and hold for 2025 and onward especially at these FDVs.