They have raised around $290M from investors already.
Red flag for me. Its not 2020 anymore. We are in 600 days long bear market. $10M is a lot. I doubt that they have raised 290M from investors. And its only for selling part of supply, part of supply i still not sold, new coins being minted so we are talking about top 50 CMC just to break even for seed investors? its a lot for platform that does not have userbase and is not listed anywhere. Pancakeswap, the biggest DEX on bsc with millions of users have similar marketcap.
This is what I initially thought, anyhow I'm not familiar with it, but usually the forecast might be balloon as well by the people behind. So it might end up at $4-$6 dollars instead of what they have estimated.
In any case, it seems that the OP has made his mind already, deep already on mining.
It might have raised that huge amount of money, but it might be equal to success as we are very much in the hear of the bear market this 2023, IMHO.
I looked up on the funder's website pages as well (like samsung nxt) and the investment looks real. The numbers have also been updated on crunchbase so i doubt there would be a falseplay here. With these numbers and projections, I just feel like the listing gains would be very high for miners, even though it might drop later since we are in a bear market.