I received 500u tokens from the Novastro presale last night and didn't pay attention to it. This morning, I took a look and it was quite explosive. $XNL is quoted at 0.0134u, with unrealized losses of 70%, peaking right at the opening. I'm going to dig into the entrepreneurial journey of the Indian guy, it's getting more and more interesting. 🥳

According to public information from Rootdata, Novastro is an AI-driven RWA Layer 2 public chain. It is clear that the hot elements under the groin are all occupied by him alone 🤣

The main members of the team are two Indian guys, Shreedhar Shreenivasa and Puneet Bagewadi, hereinafter referred to as SS and PB.

According to public information, SS was previously the founder and CEO of Bhavish Finance, and the founder and CTO of Oddz Finance. One of these projects soft-launched, while the other went completely under. 🥲 He is decisive and doesn't put on airs.

1⃣ India's bro SS's first project Oddz
Oddz Finance is a multi-chain derivatives trading protocol, established at the end of 2020. It experienced a leap-forward development in 3-4 months and had its TGE on March 18, 2021. While some projects were still finalizing their white papers, SS directly completed the entire process from concept to fundraising to delivery and listing. The Token performance is also commendable, stabilizing around an FDV of $60,000. Since its launch, the defi options platform has been almost ignored, as if it didn't exist. The only investment institution comes from the homeland of the three brothers, Woodstock, which can be considered a discerning investor, and it later invested in Novastro.

2⃣ India's brother SS's second project Nexter
Nexter was initially called Bhavish Finance, possibly because SS thought Bhavish had a bit of a curry flavor. Nexter focuses on a "multi-chain lossless" prediction market, which started preparations at the end of 2022 and was promoted by the founder in March 2023, followed by plans for 2-4 weeks of marketing and liquidity incentives.

But subsequently, I don't know if it's due to COVID-19 or something else, there has been no significant progress or updates, the project's official website and community are also inactive. To put it bluntly, it can't continue, and I estimate that it failed to raise funds. After that, SS turned to the new project Novastro.

Additionally, the project ZeroSwap by that other guy currently has an FDV of $36,000, which is 1% of the issuance price, so saying it has a bottom price is not an exaggeration.

3⃣ The latest project Novastro from Indian brother SS

The Novastro project was initiated a bit early, but starting from the seed round financing seems more reasonable. In January 2025, we raised 1.2 million USD, and the TGE is as planned. It was originally scheduled to be earlier, but there were still two delays.

Let’s put aside the coin price. SS is focused on speed. As soon as the money comes in, the project can be delivered. You just need to say whether it’s fast or not! It took 9 months and 20 days from the seed round to TGE. In the future, if any project is having difficulties, we’ll recommend them to go there.

I had already researched the Novastro project before participating in the TGE. I invested 500u to buy a lottery ticket and redeem a badge. Let's calmly discuss how the Kaito launchpad review team evaluated @Novastro_xyz back then.

@KaitoAI @MaraCakeHotSale @Punk9277