Original author: Lucky, Crush
Original source: Biteye
On December 11, Binance Launchpool announced the launch of the 40th phase of the new coin mining project integrator. The market’s attention was instantly focused. In just two days, Launchpool’s investment exceeded $4B.
What inspires such enthusiasm among users? What is the expected price after the project is launched? What is the wealth effect of Launchpool in previous years?
The following is an analysis of the wealth code behind Binance Launchpool and an introduction to the new coin mining project in this issue.
01 Launchpool introduction
Binance Launchpool is a service provided by the Binance exchange, which aims to help projects with the initial distribution of tokens, and at the same time allows users to obtain token rewards for new projects by staking cryptocurrencies. This section is also called Binance Mining. mine.
The service was launched by Binance in September 2020, when Yield Farming in DeFi was very popular. Binance Launchpool combines Yield Farming in DeFi with the convenience of Binance CEX to provide users with the ability to obtain new assets by staking crypto assets. Opportunity for token rewards.
Currently, the pledge currencies used to mine new tokens in Launchpool are BNB and mainstream stablecoins. It can be said that these two currencies are the golden shovels all year round.
Why do you say that? Let’s take a look at Launchpool’s historical performance below👇🏻
02 Launchpool historical performance
The following two tables are
1) Recent mining of Launchpool tokens
2) The performance of coins listed on Binance in the past six months
From the statistics in the above two tables we can see:
1. Judging from Launchpool’s mining APY, the significance of its launch price performance on the day is guaranteed to be around 15%-20%, whether in a downturn or a recovering market environment, and the highest SUI has reached 400%+, while similar DeFi products, stablecoin mining and security are mostly around 5%-7% (in the form of RWA), which is more than half the annual rate of Launchpool. Therefore, participating in Launchpool can be said to be one of the mining methods that can safely produce the above-mentioned benefits regardless of whether the market environment is high or low.
2. The most outstanding performance among the currencies listed on Binance in the past six months is ORDI. After ORDI was listed on Binance, it first rose from the closing price of 13 dollars on the day to 27 dollars in more than a week, with a net increase of 107%. Later, it fell into After the correction, the lowest price dropped to 18 dollars. Since then, the currency price has been rising rapidly, currently reaching 61.5 dollars, and the highest reaching 69.8 dollars, which has increased more than 5 times . It can be said to be one of the big dark horses in this round, and the price of this big dark horse The emergence is related to its listing on Binance, which provides ample liquidity and convenient trading methods.
3. In addition to ORDI , the tokens recently issued by Launchpool, such as the token $MEME of the Metaverse project Memeland, and the Neutron of the Cosmos ecosystem are experiencing a short-term decline, and their first surge has reached 3 times, and the surge has reached Nearly 5 times, the performance is also very good.
4. From the currencies listed on Binance, we can see that there are many high-quality projects, which is also one of the important reasons for the subsequent rise in currency prices. Basically, they are all projects with very good coverage and a strong user base. . Basically, they are projects with very good coverage and a strong user base. A> Such as Pendle, the leader in LSD derivatives, CyberConnect, the leader in social derivatives, and metaverse. Most of the high-quality projects are released through Launchpool (of course there are many reasons for the recovery in market performance in the past half year) ,
It can be said that the projects launched by Binance Launchpool must choose currencies with good fundamentals and potential for future development. If you conduct certain research on these currencies and intervene later, the benefits will not be too bad.
5. From the above overall increase ratio, we can see that in the past six months, basically the increase ratio of new coins listed on Binance Launchpool has started at 200%.
Another thing to note is that if you mine stablecoins, you will actually get "free" tokens. If you hold them for a long time, you can get this part of the income stably.
03 Introduction to Launchpool participation methods
1. Currently, Launchpool’s pledge currencies include BNB and FUSD. Everyone is already familiar with BNB, the golden shovel of ten thousand years. Before every Launchpool/Launchpad, the price of the shovel will rise due to large demand. If you are worried about the risk of rising currency prices and fluctuations, you can hold BNB and then hedge. There must be some interest rate panic.
And FUSD is a stablecoin backed by large reserves (cash and cash equivalents). Players who do not want to use BNB to stake usually choose to exchange the currency for staking, which will result in less losses.
(FUSD parent company First Digital Trust is a qualified custody and trust company headquartered in Hong Kong. The stable currency is regulated in Asia. On June 1 this year, First Digital Trust officially announced the launch of a stable currency designated with the US dollar-FDUSD.
On the same day, CZ, the former CEO of Binance, tweeted that he was considering First Digital and FDUSD. More than a month later, Binance officially launched the stablecoin. As for Binance’s support for FDUSD and the minting of on-chain data, this may be an alternative to the centralized stablecoin that Binance chooses to support after BUSD, and Binance may also provide more support in the future. )
2. Deposit the designated tokens into the Launchpool section to obtain new currency rewards. The tokens users receive from Binance Launchpool are calculated on an hourly basis. Unclaimed rewards can be claimed at any time. The number of tokens obtained and the user's participation in the pool The number of tokens in is proportional to the total number of contribution tokens.
3. Players can redeem assets at any time during the staking period. Friends who are worried about exchange rate fluctuations can redeem in advance. For those who do not have manual redemption, all tokens invested will be automatically transferred back to the spot wallet after the mining period.
In general, Binance Launchpool provides users with a convenient way to obtain new token rewards through simple staking operations, which can not only fully participate in cryptocurrency mining, but also maintain the value of assets.
04Introduction to the latest new coin mining $ACE project
On December 11, Binance Launchpool announced the launch of the 40th new coin mining plan: Fusionist ($ACE)
The total amount of mining is 10.29 million, of which the distribution ratio of BNB and Fdusd is 4:1. The mining time starts on December 13, lasts for 5 days, and ends on December 18.
Fusionist is a game universe built with the Unity engine and featuring multiple collectible NFTs. Its team comes from well-known Web2 game companies such as Tencent and IDFAME.
This game ecosystem mainly consists of 3 games:
- Construction (construction simulation class)
- Conquest (cycle-based war chess)
- Union (SLG category)
The background of the game is set in the year 2800. Humanity’s over-exploitation has caused the earth’s environment to deteriorate and become uninhabitable.
Travel space technology has matured, and wars for resources have broken out. Players will play the role of mecha troop commanders, manage their own planet, build industrial production lines, collect rare resources, upgrade technology, and scan blueprints to build mechas.
Finally, through PVP and PVE methods, you can build interstellar fighters to carry out interstellar wars and conquer the galaxy.
Fusionist as a whole has been developed for about a year and is currently in the Beta testing stage.
In addition to the Fusionist game, the team also developed Endurance, the on-chain mainnet where Fusionist is located, which is an infrastructure layer for social networking and hosting games.
Endurance was officially launched on January 31, 2023. Within 7 days of launch, the number of users exceeded 610,000, and the daily active wallet addresses reached 114,800. It has accumulated more than 1.86 million currency-holding wallets and achieved more than 100 million times. trade.
$ACE is the governance token on Fusionist and Endurance. Its purpose is to allow users to participate in the network and bear profits. The release of $ACE tokens is as follows: (Initial circulation is approximately 21,969,520)
At present, the main 3A games in chain games include Bigtime and Illuvium. The previous market value was 190 million and the recent market value is 380 million.
- If compared to the current circulating market value of Bigtime, the price of $ACE is approximately 8.8U;
- If compared to the current circulating market value of Illuvium, the $ACE price is approximately 17.5U;
At the same time, the current over-the-counter transaction price is between 10-12U. The market expectation can be seen to be above 12U, which is expected to be the market value of Bigtime. Therefore, 12-20U is a more reasonable price after the launch of $5.
