It was overvalued at $10 on Binance 7 days ago but now around $2 for one TokoCrypto token, it is good. I am not considering it as an overvalued price.

Exchange tokens will have their season in the bull market. Tokocrypto exchanger will become big with supports from Binance. $2 for one good exchange token is not expensive. I believe it can claim the price $10 in the future but I was surprised when people bought it at $10 after the launch.

Launch pad is one of events to make noise and attract capital from exchanges and developers. They get benefit with high price and trading volume, fees.