BMX was launched fairly at $0.10, equivalent to a $1m FDV at the time. In our industry, inflated and unreasonable launch valuations are far too common, often resulting in mass dumping at launch and down only activity. We at @MorphexBMX did the opposite. Fair value with a distributed, transparent vision. Head down, building. It took nearly six months for the market cap to meaningfully hold above $1m. When you’re the first to create an entirely new asset type and protocol model….building, testing, securing and introducing it to the market takes time. Adoption is slow, then all at once. And while adoption and understanding of BMX, wBLT, and the three live-products we have now on @base and @modenetwork are increasing….it is still just day one. LFB 💪