February 23 Hot Project @ravedao Tweet Summary 1. Project Overview RaveDAO is a Web3 project focused on offline electronic music parties and entertainment experiences, belonging to the Web3 + physical entertainment sector. It connects online communities with offline activities through a token economic model, aiming to reconstruct the traditional entertainment industry dominated by intermediaries and create a community-driven decentralized entertainment ecosystem. 2. Today's Highlights 1. The token $RAVE has successfully launched on Coinbase and Gopax, two exchanges known for their strict compliance, significantly enhancing the project's liquidity and market credibility, attracting trading users from the United States and South Korea. 2. The project has shown strong counter-trend growth, with $RAVE increasing by over 77.3% in the past seven days against the backdrop of a generally sluggish market, drawing widespread attention. 3. The project has a solid offline business revenue-generating capability, having successfully held over 20 events, attracting more than 100,000 participants, with total event revenue exceeding $3 million, providing real income support for the token's value. 4. Its economic model forms a closed loop: the project team uses over 20% of event revenue to buy back and burn $RAVE tokens from the market, while the tokens can also be used to purchase event tickets, creating a growth flywheel of "business growth - token deflation - attracting participation." 5. The project emphasizes the scarcity of "real offline connections"; in an era dominated by AI and virtual narratives, its focus on real-world, warm interpersonal experiences has created a unique market positioning and narrative. 6. The project has a "zero VC" purely community-driven background, having not accepted traditional venture capital, relying entirely on its own event revenue for development, alleviating the pressure of maintaining operations through token sales. 7. A large music party held during the recent Consensus conference in Hong Kong achieved great success, with single-event ticket revenue reaching nearly one million HKD, proving its strong offline appeal and operational capability. 8. The project is incubated by YZi Labs, and the team's background and execution capabilities have gained some market recognition, further enhancing investor confidence. 3. Key Data and Metrics As of recently, RaveDAO has held over 20 offline events, with total participants exceeding 100,000, minted over 70,000 NFTs, and total event revenue exceeding $3 million. The $RAVE token can be used to purchase party tickets, currently priced at about $0.66, and has been listed on exchanges such as Binance, Coinbase, and Gopax. 4. Project Risks (The tweet does not specify particular risks, vulnerabilities, or security incidents; this section is omitted.) 1. Zijing @zijing analyzes that RaveDAO's ability to pass compliance reviews from Coinbase and others stems from its value of real offline connections and its zero VC "pure blood" model. 2. Hualun @hualunjiejie uses the Hong Kong Consensus conference party as an example to illustrate RaveDAO's economic model of profiting from offline events and buying back and burning $RAVE tokens. 3. Tim哥 @timbrobro believes that the rise of the RaveDAO token is due to its focus on real offline entertainment experiences and a community-driven decentralized model gaining market recognition. 4. Lilili @aidashutiaozi reminds to pay attention to offline event projects amid the AI boom, pointing out that RaveDAO's activities in Hong Kong were successful and its token rose against the trend in a bear market. 5. Cong哥.sats @congge918 points out that $RAVE has significantly risen in a bear market and emphasizes highlights such as its listing on compliant exchanges and having actual event revenue support.