Recently, the crypto has continued to be sluggish, and Twitter is full of bear market news. The price of Bitcoin has continued to fall, even falling below multiple support levels. Market panic has intensified, and the greed index has remained between 20 and 30 for a long time. However, it is in this environment that we need to deeply study the fundamentals of different projects and make arrangements in advance for potential 100x coins in the future. This week, Binance and dappOS launched an airdrop event, which made many users interested in the dappOS project. This article will take an in-depth look at this project, understand the operating logic behind it, why it can achieve such a high valuation (currently $300 million), and even explore the potential of the project.

Project background

DappOS is a platform positioned as a comprehensive Web3 operating system, aiming to improve the Web3 user experience by simplifying the blockchain operation process. In addition to its technological innovation, the investment team behind DappOS is also one of the important reasons why the project has received high attention. DappOS has an extremely strong investor lineup, including well-known VC institutions such as Binance Labs, OKX, Amber Group, and Polychain Capital. These investment institutions have extensive influence in the crypto and have successfully invested in multiple projects. As the world's leading cryptocurrency exchanges, Binance and OKX not only provide financial support, but also promote the market promotion of DappOS through their huge user base and market resources.

With these heavyweight supports, DappOS not only has sufficient funds, but also takes the lead in technical cooperation and market promotion. This is one of the reasons why the project is valued at US$300 million.

Problems solved by the project

In the crypto, people often joke that "cryptocurrency can't even buy bread." Although it is technically possible to pay with cryptocurrency, for most novices or external users, the process is still very cumbersome. The multiple steps from asset transfer and exchange to confirming transactions hinder the mass adoption of cryptocurrencies.

dappOS is committed to solving this problem and promoting the narrative of “intent”. It allows users to only focus on the results they want, such as wishing to purchase a certain product or subscribe to a service, while the system is responsible for handling all the blockchain transaction processes behind it, including asset cross-chain and fee calculation. For example, when you want to use USDT to buy the latest iPhone or even use on-chain assets to subscribe to Web2 services such as OpenAI, you only need to tell dappOS how much you want to spend on which product, and the system will automatically match the seller and complete the transaction. This simplified process makes the user experience more intuitive and friendly.

In addition, dappOS is not limited to the Web3 field, it also supports the use of encrypted assets for Web2 service transactions, allowing cryptocurrency to play a greater role in the traditional Internet field.

Project technology and operating principles

dappOS's ability to simplify such a complex transaction process into a user-friendly experience relies on four roles: users, matchmakers, service providers and verifiers. dappOS plays the role of an intermediary platform, similar to Amazon in reality. It does not interfere with the transaction itself, but provides a secure transaction environment.

In addition, the operation of dappOS also includes two key roles: Matcher (matcher) and Execution Validator (execution validator). Matcher is responsible for connecting buyers and service providers, while Execution Validator is responsible for verifying transactions and ensuring that transactions are uploaded to the chain. This architecture ensures transaction security and transparency. As shown in the dappOS white paper, we can also operate Node as a Matcher and Execution Validator. Perhaps this is also one of the ways we can capture airdrop rewards.

appOS has also designed a compensation mechanism. When a transaction fails, it will be compensated by the service provider's collateral, similar to Binance's C2C model, which further ensures the safety of users' funds.

In addition to providing a platform to simplify transactions, dappOS has also launched intention assets such as intentBTC, intentETH and intentUSD. The existence of these assets not only improves the liquidity of the platform, but also provides additional sources of revenue for the platform. dappOS ensures the stable operation of intended assets through the Mint Burn mechanism, allowing it to better adapt to different trading scenarios.

Risks and Challenges

Although dappOS has compelling potential, it also faces many challenges. First, as a new project, it uses newer technology, which makes contract security vulnerabilities the biggest potential risk. And I believe dappOS also understands this. They have hired multiple contract audit companies to conduct audits. Although contracts cannot be said to be 100% safe, dappOS seems to be aware of this and is doing its best to take precautions.

Another challenge is ecological dependence. The success of dappOS requires the participation of a large number of users and service providers, both of which are indispensable. If the platform lacks active buyers and sellers, it will be difficult to maintain ecological balance. Currently, dappOS cooperates with Binance to conduct airdrop activities to increase DAU (daily active users) in the short term. However, how to maintain the activity of users and service providers after the airdrop is over will be the key to the long-term development of the platform. In addition to Web3 projects and service providers, if Web2 projects can be put up and become service providers, I believe it can lead the project to a higher level.

With the endorsement of major well-known centralized exchanges, perhaps dappOS can also take advantage of these advantages to cooperate with more different types of Web2 and Web3 projects to add different service providers.

personal opinion

dappOS is undoubtedly a project with great potential. It solves long-standing user experience problems in the crypto through innovation and can simplify the transaction process of Web3 and Web2. The strong investment team behind the project and the practical solutions make it have certain market competitiveness.

Still, the project faces technical and marketing challenges. But from a fundamental perspective, dappOS has good growth potential and deserves long-term attention. As more cooperative projects and applications are implemented, dappOS may create a new narrative trend in the crypto and become an important project in the future.