An Ultimate Analysis of Binance Launchpool Wealth Code

Decoding the Wealth Code of Binance Launchpool An In-Depth Analysis

On December 11th, Binance Launchpool announced the launch of the 40th new coin mining project, Fusionist. The market’s attention immediately focused, and within just two days, Launchpool’s capital investment exceeded $4 billion.

What sparked such enthusiasm among users? And what is the expected price of the project after its launch? How has Launchpool’s previous wealth effect been?

In this article, we will analyze the wealth code behind Binance Launchpool and introduce the project for this period of new coin mining.

Introduction to Launchpool

Binance Launchpool is a service provided by Binance Exchange. It aims to help projects with initial token distribution and allows users to earn token rewards of new projects by staking cryptocurrencies. This section is also known as new coin mining.

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The service was launched by Binance in September 2020, at a time when Yield Farming in DeFi was very popular. Binance Launchpool combines the convenience of Yield Farming in DeFi with the convenience of Binance CEX, providing users with the opportunity to earn new tokens by staking their crypto assets.

Currently, the staking assets used in Launchpool to mine new tokens are BNB and mainstream stablecoins. These two assets can be considered as perennial golden shovels.

Why do we say that? Let’s take a look at the historical performance of Launchpool in terms of yield rate.

Historical Performance of Launchpool

The two tables below represent:

1) Recent mining yield rates of Launchpool tokens

2) Performance of Binance-listed coins in the past six months

From the statistics of the above two tables, we can see:

1. In terms of Launchpool’s mining APY, whether in a sluggish or recovering market environment, the yield rate brought by the performance of the launch day price can be maintained at around 15%-20%. The highest SUI even reached 400%+. Meanwhile, most DeFi products during the same period, stablecoin mining in a safe manner, only achieved 5%-7% (using the RWA method), which is less than half the annualized yield of Launchpool. Therefore, participating in Launchpool can be said to be one of the safer and higher-yield mining methods, regardless of whether the market environment is booming or sluggish.

2. The most eye-catching performance among the coins listed on Binance in the past six months is ORDI. After its listing on Binance, ORDI steadily rose from a closing price of $13 on the first day to $27 over the course of more than a week, achieving a net increase of 107%. It then went into a correction, dropping to a low of $18. Since then, the price has been rising steadily and has now reached $61.5, with a peak of $69.8, more than quintupling in value. It can be said that ORDI is one of the dark horses of this round, and its appearance is closely related to its listing on Binance, which provides ample liquidity and convenient trading methods.

3. In addition to ORDI, recently launched tokens on Launchpool, such as the $MEME token from the Metaverse project Memeland and Neutron from the Cosmos ecosystem, have performed very well. After a brief decline, the former rebounded threefold and the latter nearly fivefold.

4. From the coins listed on Binance, we can see that there are many high-quality projects. This is one of the important reasons for the subsequent rise in coin prices (of course, there are also reasons for the market’s recovery in the past six months). Most of these high-quality projects are launched through Launchpool, such as the leading projects Pendle in the LSD derivatives track, CyberConnect in the social track, and the rising star project Memeland in the Metaverse.

It can be said that the projects listed on Binance Launchpool to some extent have good fundamentals and potential for development. If you do some research on these coins and invest in them, the returns will not be bad.

5. From the overall increase in prices mentioned above, we can see that in the past six months, the coins listed on Binance Launchpool have seen price increases of at least 200%.

Also, it should be noted that if you mine with stablecoins, the tokens you receive are essentially “free” tokens. If you hold them for the long term, you can steadily gain from the price increases.

Introduction to Participating in Launchpool

1. Currently, the tokens that can be staked on Launchpool are BNB and FUSD. BNB is well-known to everyone as a long-standing gold shovel. Every time before Launchpool/Launchpad, the price of BNB tends to rise due to high demand. If you are concerned about price volatility risks, you can hold BNB and hedge it to minimize potential losses.

FUSD, on the other hand, is a stablecoin supported by high-quality reserves (cash and cash equivalents). Players who do not want to stake with BNB usually choose to exchange it for FUSD to stake, as the loss is relatively small.

(FUSD’s parent company, First Digital Trust, is a qualified custodian and trust company headquartered in Hong Kong. This stablecoin is regulated in Asia. First Digital Trust officially launched FDUSD, a USD-pegged stablecoin, on June 1st this year.

On the same day, Binance’s former CEO, Changpeng Zhao, mentioned First Digital and FDUSD in a tweet. Over a month later, Binance officially listed this stablecoin. Considering Binance’s support for FDUSD and the on-chain data minting situation, this may be Binance’s choice for a centralized stablecoin alternative after BUSD, and Binance may provide more support in the future.)

2. Deposit the specified token into the Launchpool section to receive new token rewards. The tokens users receive from Binance Launchpool are calculated on an hourly basis, and users can claim unredeemed rewards at any time. The quantity of tokens received and the user’s contribution to the pool are proportional to the total contributed token quantity.

3. During the pledge period, players can redeem their assets at any time. Tethered friends who are worried about exchange rate fluctuations can redeem in advance. Friends who do not manually redeem will have all their tokens automatically transferred back to their spot wallet after the mining period ends.

Overall, Binance Launchpool provides users with a convenient way to earn new token rewards through simple pledge operations, allowing them to fully participate in cryptocurrency mining while preserving the value of their assets.

Introduction to the latest new coin mining project $ACE

On December 11th, Binance Launchpool announced the launch of the 40th new coin mining project: Fusionist ($ACE)

The total mining amount is 10.29 million tokens, with a distribution ratio of 4:1 between BNB and Fdusd. The mining will start on December 13th and last for 5 days, ending on December 18th.

Fusionist is a game universe built with Unity engine and features various collectible NFTs. The team behind it comes from well-known Web2 game companies such as Tencent and IDFAME.

The game ecosystem consists of three games:

1. Colonial (simulation building)

2. Conquest (turn-based strategy chess)

3. Alliance (SLG)

The game is set in the year 2800, where human activities have led to the deterioration of the Earth’s environment, making it no longer habitable.

Space travel technology has matured, leading to a war for resources. Players will take on the role of commanders of mech armies, managing their own planets, building industrial production lines, collecting rare resources, upgrading technology, and blueprint scanning to create mechs.

Finally, by establishing interstellar fleets through PVP and PVE, players can engage in interstellar warfare and conquer the galaxy.

Fusionist has been in development for about a year and is currently in the beta testing phase.

In addition to the Fusionist game, the team has also developed Endurance—the underlying mainnet of Fusionist, which serves social interaction and game operations.

Endurance was officially launched on January 31, 2023, and within 7 days of its launch, the number of users exceeded 610,000, with over 114,800 active wallet addresses. Currently, it has accumulated over 1.86 million holding wallets and facilitated over 100 million transactions.

$ACE is the governance token of Fusionist and Endurance, designed to allow users to participate in the network and earn profits. The release schedule for $ACE tokens is as follows: (initial circulating supply is approximately 21,969,520)

Currently, in the blockchain gaming sector, the major AAA games are Bigtime and Illuvium, with market capitalizations of 190 million and 380 million, respectively.

• 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 price of $ACE is approximately 17.5U;

At present, the Over-the-Counter (OTC) transaction price is between 10-12U, indicating that the market expects it to be above 12U, higher than Bigtime’s market value. Therefore, a price range of 12-20U may be considered reasonable after the launch of $ACE.

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