MetaDAO: $624.7 million in bids, but only $45.4 million actually raised
- —$624.7 million in bids versus $45.4 million in actual funds raised
- —22 of 23 sales reached their minimum funding target
- —Rip Cars: $32 million in bids against a $250,000 target, with the surplus refunded
- —MetaDAO's official website shows $44.93 million, while Alea Research reports $45.4 million
Why it matters: The case shows that bid volume does not reflect real demand for tokens and requires scrutiny of counting methodology when evaluating platforms.
Source: TokenPost