The recent market situation has been so poor, to be honest, the performance of Space's pre-sales is still decent. According to public data, pre-sale oversubscription is about 420%, which at least indicates a high level of attention in the current bear market environment. In terms of price, the public pre-sale price is 0.069, corresponding to approximately 69 million US dollars for FDV. I heard that the cost of the first pre-sale is around 0.05. The current disclosed financing amount for the project is approximately 3 million US dollars. Simply put, the overall valuation ratio is already over 20 times. Whether it is high or low, it is definitely not low. It can only be said to be a common pricing level in the Solana ecosystem now. Space itself is a prediction market running on Solana, focusing on a maximum leverage of 10 times. An interesting point is that it was previously included in the quarterly ecological report by Binance Research Institute, and it is the only project in the predicted market track that has been named before TGE, which can be considered a bonus point. It should be noted that publicly presold tokens are 100% unlocked during TGE, and there will definitely be short-term fluctuations, which needs to be carefully considered by oneself. I participated in a small amount of 1000U myself, mainly for the purpose of participating, not for profit. Those who want to participate can take a look for themselves. Pre sale carries risks, so everyone should act within their means. Sharing information only does not constitute investment advice.