OG Labs announced that it had raised $401M, but @mdudas point is valid, the actual fresh capital inflow was only $13.7M. Actual Breakdown of the $401M Claim • Fresh external cash: $13.66M (3.4%) — direct investments from Dao5, Abstract Ventures, etc. • Solana tokens: $22.88M (5.7%) — recycled assets from DFDV’s existing SOL holdings. • 0G tokens (spot contribution): $150M (37.4%) — contributed by Zero Gravity Labs Inc. • 0G warrants: $215.3M (53.5%) — founder token contribution (71.77M $0G valued at $3 each). = Total headline amount: $401M (100%) *$3 token valuation. Problems with Token Valuation • Pre-agreed price: $0G valued at $3 (without real market basis, prior to mainnet). • Market reality: Token launched at $5 but now trades around $2.70 Additional Concerns • Announced $5M Airdrop, but only ~$580K actually distributed on-chain. • Criticized as a potential “Layer-1 scam” due to unclear token distribution. • Founder exit risk: DAT structure may allow founders to bypass...
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