In the current cryptocurrency market, the Bubblemaps project has attracted widespread attention with its unique token issuance strategy. This article will delve into the core concepts of the project, its issuance model, and the potential investment risks.

First, let's clarify two important concepts: market capitalization and FDV (fully diluted valuation). Market capitalization reflects the total value of the currently circulating tokens, fluctuating with market conditions and circulation volume. FDV, on the other hand, represents the theoretical total value assuming all tokens are unlocked and circulating, providing important reference for investors to assess the long-term potential of the project.

Bubblemaps has adopted a rather controversial issuance strategy. In the early stages of the project, only 4% of the total supply was issued. While this low circulation approach is beneficial for maintaining early price stability, it also limits investor participation. This model of low circulation combined with high FDV has become quite popular in the recent market; however, it has also raised questions about the project's long-term growth potential and investment returns.

For ordinary investors, this issuance model has obvious disadvantages. Since most of the price discovery process has been completed during the private placement stage, investors in the public market often face limited profit margins. In particular, for Bubblemaps, the huge gap between its FDV and actual market value suggests severe challenges that may lie ahead. When a large number of tokens are unlocked, the market may encounter significant selling pressure and price volatility.

Although Bubblemaps attracts investors with its low valuation, prudent investors should carefully assess the project's actual value and long-term development potential. When considering an investment, one should not only pay attention to the current market capitalization but also weigh the long-term risks revealed by the FDV.

Overall, the Bubblemaps project highlights an emerging token issuance trend in the current encryption market. While this model may create scarcity and appeal in the short term, it also presents new challenges and risks for investors. When participating in such projects, investors need to comprehensively consider various factors such as the project's technological innovation, team strength, and market demand, rather than being misled by superficial low valuations.