Original author: Biteye core contributor Lucky
Original editor: Biteye core contributor Crush
On December 11, Binance Launchpool announced the launch of the 40th phase of the new coin mining project Fusionist. The market’s attention was instantly focused. In just two days, Launchpool’s investment exceeded $4B.
What triggered such great enthusiasm among users? What is the expected price after the project is launched? What is the wealth effect of Launchpool in previous years?
This article will analyze the wealth code behind Binance Launchpool and introduce the new coin mining project in this issue.
01 Launchpool Introduction
Binance Launchpool is a service provided by the Binance exchange to help projects with initial token distribution, while allowing users to obtain token rewards for new projects by staking cryptocurrencies. This sector is also known as new coin mining. .
The service was launched by Binance in September 2020, when Yield Farming in DeFi was very popular. Binance Launchpool provides users with the ability to obtain new tokens by staking crypto assets by combining Yield Farming in DeFi with the convenience of Binance CEX. Opportunities for 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? Lets take a look at Launchpools historical performance returns below.
02 Launchpool Historical Performance
The following two tables are
1) Recent mining yield of Launchpool tokens
2) The performance of currencies listed on Binance in the past six months
From the statistics in the above two tables we can see that:
1. Judging from Launchpool’s mining APY, the rate of return brought by its online price performance on the day can be guaranteed to be around 15% -20%, whether in a sluggish market environment or a recovering market environment, and the highest SUI is even more It has reached 400% +, while most of the DeFi products in the same period, stablecoin mining and security, are around 5% -7% (using RWA method), which is more than half the annual rate difference from Launchpool.Therefore, participating in Launchpool can be said to be one of the safer and more profitable mining methods no matter 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 started from the closing price of 13 dollars on the first day, and steadily increased for more than a week to 27 dollars, with a net increase of 107%. Then it fell into a correction, falling as low as 18 dollars. Since then, the currency price has been rising rapidly, currently reaching 61.5 dollars, and the highest has reached 69.8 dollars, which has increased more than 5 times.It can be said to be one of the big dark horses this round, and the emergence of this big dark horse is inseparable from its listing on Binance, which has 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 Neutron of the Cosmos ecosystem, experienced a short-term decline. The former rebounded and increased by 3 times, while the latter reached Nearly 5 times, the performance is also very good.
4. We can see from the currencies listed on Binance thatThere are so many high-quality projects, which is also one of the important reasons for the subsequent rise in currency prices.(Of course, there are also reasons why the market performance has recovered a lot in the past six months). Most of the high-quality projects are released through Launchpool, such as Pendle, the leader of the LSD derivative track, CyberConnect, the leader of the social track, and Memeland, the rookie project of the Metaverse. Basically They are all projects with very good fundamentals and a strong user base.
It can be said that the projects launched by Binance Launchpool have selected currencies with good fundamentals and potential for future development to some extent. If you conduct some research on these currencies and then intervene, 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%.
And it should be noted that if you mine stablecoins, you will get equivalent to free tokens. If you hold them for a long time, you can steadily get this part of the increase in income.
03 Introduction to Launchpool participation methods
1. Currently, Launchpool’s pledge currencies include BNB and FUSD. Everyone is familiar with BNB, the golden shovel of ten thousand years. Before every Launchpool/Launchpad, the price of the shovel will rise due to the large amount of demand. If you are worried about the risk of currency price fluctuations, you can hold BNB and then hedge it. There is some rate wear and tear.
FUSD is a stablecoin backed by high-quality reserves (cash and cash equivalents). Players who do not want to use BNB to pledge usually choose to exchange this currency for staking, which results in smaller losses.
(FUSD parent company First Digital Trust is a qualified custody and trust company headquartered in Hong Kong. The stablecoin is regulated in Asia. First Digital Trust officially announced the launch of a stablecoin anchored to the U.S. dollar - FDUSD on June 1 this year.
On the same day, Binance’s former CEO Changpeng Zhao tweeted about First Digital and FDUSD. More than a month later, Binance officially launched the stablecoin. Considering Binances support for FDUSD and the minting of on-chain data, this may be an alternative to centralized stablecoins 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. They can claim unclaimed rewards at any time, the number of tokens obtained and the users participation. The number of tokens in the pool is proportional to the total number of contributed 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. .
Overall, Binance Launchpool provides users with a convenient way to obtain new token rewards through a simple staking operation, allowing them to fully participate in cryptocurrency mining while maintaining the value of their assets.
04 Introduction to the latest new coin mining $ACE project
On December 11, Binance Launchpool announced the launch of the 40th new coin mining project: Fusionist ($ACE)
The total amount of mining is 10.29 million, of which the distribution ratio between BNB and Fdusd is 4:1. The mining time starts on December 13th, lasts for 5 days, and ends on December 18th.
Fusionist is a game universe built with the Unity engine and featuring a variety of collectible NFTs. Its team comes from well-known Web2 game companies such as Tencent and IDFAME.
The game ecosystem mainly consists of 3 games:
1. Colonization (construction simulation)
2. Conquest (turn-based chess)
3. Union (SLG type)
The background of the game is set in the year 2800. Humanitys over-exploitation has led to the deterioration of the earths environment and is no longer habitable.
Space travel technology has matured, and wars for resources have broken out. Players will play the role of mecha troop commanders, run their own Odaily, build industrial production lines, collect rare resources, upgrade technology, and scan blueprints to build mechas.
Finally, through PVP and PVE, build an interstellar fleet to conduct interstellar wars and conquer the galaxy.
Fusionist has been developed as a whole 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 transactions. .
$ACE is the governance token on Fusionist and Endurance. Its purpose is to allow users to participate in the network and earn income. The release of $ACE tokens is as follows: (Initial circulation is approximately 21, 969, 520)
At present, the main 3A games in the chain game circuit are Bigtime and Illuvium. The former has a market value of 190 million and the latter has a market value of 380 million.
If compared to the current circulating market capitalization of Bigtime, the price of $ACE is approximately 8.8 U;
If compared to the current circulating market value of Illuvium, the $ACE price is approximately 17.5 U;
At the same time, the current over-the-counter transaction price is between 10-12 U, so the market expectation can be seen to be above 12 U, which is expected to be higher than the market value of Bigtime, so 12-20 U may be a more reasonable price after $ACE is launched.
