Bitcoin soars, what new ecological targets are worth paying attention to

Bitcoin's Soaring Value A Look at the Environmental Impact and Sustainable Goals to Consider

In addition to well-established projects such as STX and RUNE in the ecosystem, new projects like MUBI and ALEX are also gaining attention in this bull market.

On December 4th, as Bitcoin surged above $41,000, the crypto market once again became optimistic. During this rally, well-established projects in the Bitcoin ecosystem like tokens RUNE, BADGER, ORDI, and even STX have shown significant price trends. However, some new projects are also gradually emerging in this bull market. BlockBeats has selected 4 new Bitcoin ecosystem projects worth paying attention to, as follows:

MUBI

・Current price: $0.038

• News Weekly | Initial Signs of Recovery in the DeFi and NFT Markets, Charlie Munger Passes Away
• KyberSwap hacker demands control while Aussie DeFi tax rules deemed ‘non-binding’, says law firm Finance Redefined
• LianGuaiWeb3.0 Daily | Bitget announced the suspension of new user registrations from mainland China.

・Price change (24H/7d/30d): -0.1%, 61.6%, -%

・Market cap: $35,322,772

・Trading volume (24h): $10,406,631

Multibit is a bridging protocol that connects BRC20 assets to the EVM network, which emerged in May this year. It allows users to seamlessly transfer tokens between the ETH chain, BNB chain, and BTC network. Multibit completed an IDO auction on the Bounce Finance auction platform on November 12th, raising 88 ETH. On November 4th, it completed another IDO on the Bitcoin network donation platform, TurtSat, at the same price, raising 4.64 BTC. The total raised in the two auctions is approximately $350,000.

MultiBit simplifies the token transfer process between Bitcoin’s BRC20 and EVM networks. First, users transfer BRC20 tokens to a dedicated BRC20 address. Once confirmed, the Multibit protocol starts working and mints an equivalent amount of tokens on the Ethereum or BNB chain. The Multibit Protocol collects the tokens from all distributed unique addresses and securely transfers them to a unified cold wallet. When users need to withdraw tokens, the Multibit Protocol destroys the corresponding number of tokens from EVM chain and transfers the equivalent tokens from the secure cold wallet to the user.

MUBI has a total supply of 901,224,547 tokens, all of which are currently in circulation.

ALEX

・Current price: $0.145

– Increase (24H/7d/30d): 23%, 117.8%, 177.3%

– Market Cap: $92,719,324

– Trading Volume (24h): $22,345,001

ALEX Labs is a Bitcoin ecosystem DeFi platform based on the Stacks network. The platform was created to focus on the concept of Bitcoin Finance, with the vision of eliminating barriers between Bitcoin L1 and L2 and creating a seamless Bitcoin DeFi experience. The total supply of their token ALEX is 1 billion.

Currently, ALEX Labs’ LaunchLianGuaid feature can be used to launch new projects or deploy, mint, and transfer BRC20 tokens. The cross-chain bridge feature supports token transfers between EVM and Stacks, as well as between Bitcoin and Stacks. The trading modes include AMM and order book, and users can view and analyze the DeFi economy on ALEX through the dashboard. In addition, the platform will also introduce liquidity mining and RWA services. As a Bitcoin DeFi platform, ALEX Labs’ features can be considered quite comprehensive.

ALEX Labs announced the completion of a $5.8 million financing round at the end of 2021. Participating institutions are as follows:

The current TVL of the platform is $43,539,056, with a total trading volume of $404,849,253 and 27,738 active wallets.

BSSB

– Current price: $1.4653

– Increase (24H/7d/30d): 77.10%, 105.70%, 125.55%

– Market Cap: $24.77 million

– Trading Volume (24h): $7.22 million

BitStable (BSSB) is a decentralized asset protocol based on the Bitcoin network, where anyone can generate DAII stablecoins collateralized by assets from the Bitcoin ecosystem anywhere via the platform. BitStable has a dual token system and cross-chain compatibility, with its tokens being DAII and BSSB.

DAII is a stablecoin, with its value and stability derived from the robustness of assets in the Bitcoin ecosystem, including BRC20, RSK, and Lightning Network. Furthermore, with its cross-chain capabilities, DAII aims to bring the Ethereum community into the Bitcoin ecosystem. The total supply of DAII is 1 billion.

BSSB is the governance token of the platform, used by the community to maintain the system and manage DAII. BitStable also incentivizes BSSB holders through dividends and other measures.

The total supply of BSSB is 21 million coins, of which 50% will be publicly sold on Bounce Finance. The team will hold 5% of BSSB (locked for 6 months and linearly unlocked for 15 months), airdrop allocation will account for 3.5%, staking rewards will account for 36.5%, and LP will account for 5% (locked indefinitely).

BitStable launched its native token BSSB on Bounce LaunchLianGuaid on November 29th at 12:00. Users can obtain BSSB shares by staking AUCTION tokens or participating in the auction mechanism. Within two hours of Bounce Finance’s announcement, the price of AUCTION also experienced a 15% increase.

On November 29th, during the public sale of Bitstable on Bounce Finance, an unauthorized entity acquired the majority of the available supply tokens. This event was caused by a combination of DDoS attacks and multiple wallets interacting directly with the contract, resulting in uneven distribution. In order to readjust the distribution of BSSB and adhere to the DAII roadmap, Bitstable made a difficult but necessary decision:

· 75% of the BSSB tokens involved in the fixed exchange auction will be burned.

· The remaining 25% will still be claimable. However, considering the high gas fees and additional costs, the participation costs for the parties involved will be increased sixfold.

AUCTION

· Current price: $17.85

· Increase (24H/7d/30d): 25.2%, 71.2%, 156.0%

· Market cap: $118,596,905

· Trading volume (24h): $81,771,750

Bounce Finance is a decentralized auction protocol that integrates liquidity mining, decentralized governance, and staking mechanisms. It provides users with the ability to create and participate in various types of auctions on multiple blockchain networks. Bounce Finance offers a range of products, including token and NFT auctions, physical collectible auctions, ad space auctions, as well as SDKs and plugins.

On November 12th, Bounce Finance completed the MUBI auction on the Ethereum blockchain, with an IDO price of $0.00047 and raised 88 ETH, currently yielding over 80 times. In addition, Bounce Finance also completed the public sale of Bitstable, a cross-chain DeFi protocol based on Bitcoin.

On December 1st, Bounce Finance launched BounceBit, a DeFi solution designed for the Bitcoin ecosystem. It will be based on Binance Bitcoin (BTCB) and powered by AUCTION. BTCB is an asset pegged 1:1 to Bitcoin and locked on the Bitcoin blockchain, allowing Bitcoin holders to participate in the DeFi ecosystem while maintaining their Bitcoin investments.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!