Xterio took $40M Series B from Binance Labs, HashKey and BITKRAFT at a $500M valuation for a gaming chain on BNB. Pulled in dozens of gaming partners and ran airdrop campaigns for months, then the TGE opened around $40M FDV, an order of magnitude below the round price. Partners felt lied to, airdrop hunters lost interest overnight, and the chain has been shipping mostly to itself since..