The Wealth Code Behind Binance Launchpool and a Detailed Introduction to the Latest Fusionist (ACE) Mining Project
This article is for research and estimation purposes only and does not constitute investment advice. Please exercise caution.
(Previous Summary: Analysis of Binance Launchpool’s New Project – Chain Game Fusionist (ACE) Expected to Exceed Expectations?)
(Background Information: Why are the two giants Binance and OKX listing the token Fusionist (ACE)? How to participate in mining?)
Table of Contents:
01 Introduction to Launchpool
02 Historical Performance of Launchpool
03 Introduction to Participating in Launchpool
04 Introduction to the Latest Mining Project $ACE
On December 11th, Binance Launchpool announced the launch of the 40th new mining project Fusionist, attracting attention from the market. In just two days, the funds invested by Launchpool exceeded $4 billion.
What caused such enthusiasm among users? What is the expected price after the launch of this project? How has Launchpool performed in the past?
This article will analyze the wealth code behind Binance Launchpool and introduce the current mining project.
Binance Launchpool is a service provided by Binance Exchange, aimed at helping projects with token initial distribution. Users can obtain token rewards of new projects through staking cryptocurrencies. This section is also known as new coin mining.
The service was launched by Binance in September 2020 when Yield Farming in DeFi was popular. Binance Launchpool combines DeFi’s Yield Farming with the convenience of Binance CEX, providing users with the opportunity to obtain new token rewards through staking encrypted assets.
Currently, the staking assets used to mine new tokens in Launchpool are BNB and mainstream stablecoins. These two tokens can be considered as perennial gold shovels.
Why is this the case? Let’s take a look at the historical performance yield of Launchpool in the tables below:
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From the statistics of the two tables above, we can see that:
1. In terms of Launchpool’s mining APY, the yield generated by the performance of the launch price can guarantee around 15%-20% in both bearish and bullish market environments. The highest SUI even reached over 400%. In contrast, most stablecoin mining in the same period in DeFi, which is considered safe, had a yield of around 5%-7% (using RWA), which is less than half of Launchpool’s annualized yield. Therefore, participating in Launchpool can be considered as one of the safer and higher-yielding mining methods regardless of market conditions.
2. Among the coins listed on Binance in the past six months, ORDI had the most impressive performance. After its listing on Binance, ORDI steadily rose from the closing price of $13 on the first day to over $27 in just over a week, achieving a net increase of 107%. It then experienced a pullback, dropping to a low of $18. Since then, the token price has been soaring and currently reached $61.5, with a peak of $69.8, more than 5 times the initial price. 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, recent tokens issued by Launchpool, such as $MEME from the Metaverse project Memeland and Neutron from the Cosmos ecosystem, have also achieved significant increases after a brief decline. The former rebounded three times, and the latter nearly five times, showing excellent performance.
4. From the coins listed on Binance, we can see that there are many high-quality projects, which is also one of the important reasons for the subsequent price increases (of course, the market has also been recovering in the past six months). Most of these high-quality projects were issued through Launchpool, such as Pendle, the leader in the derivative track of LSD, CyberConnect, the leader in the social track, and Memeland, a rising star in the metaverse. Basically, these projects have excellent fundamentals and a strong user base.
It can be said that the projects launched on Binance Launchpool have to some extent selected projects with good fundamentals and potential for development. If you conduct research on these projects and participate in them, the returns will not be too bad.
5. From the overall increase ratio mentioned above, in the past six months, the price of new coins launched on Binance Launchpool has generally increased by at least 200%.
It is worth noting that if you mine stablecoins, the tokens you obtain are equivalent to “free” tokens. If you hold them for a long time, you can steadily gain the benefits of this increase.
1. Currently, the staking assets in Launchpool are BNB and FUSD. BNB is well-known, as it has been a perennial gold shovel. Before each Launchpool/Launchpad, the price of BNB tends to increase due to high demand. For those who are concerned about price volatility risks, they can hold BNB and hedge, although there may be a certain interest rate loss.
FUSD is a stablecoin supported by high-quality reserves (cash and cash equivalents). Players who do not want to stake BNB usually choose to exchange it for FUSD to stake, with lower losses.
(FUSD’s parent company, First Digital Trust, is a qualified custodian and trust company based in Hong Kong. The stablecoin is regulated in Asia. First Digital Trust officially announced the launch of FDUSD, a USD-pegged stablecoin, on June 1, this year. On the same day, Binance’s former CEO Changpeng Zhao mentioned First Digital and FDUSD in a tweet. A little over a month later, Binance officially listed the stablecoin. Considering Binance’s support for FDUSD and the forging of on-chain data, this may be a centralized stablecoin alternative that Binance has chosen to support after BUSD. Binance may provide more support in the future.)
2. Deposit the designated tokens into the Launchpool section to receive new token rewards. The tokens obtained by users from Binance Launchpool are calculated hourly and can be claimed at any time. The amount of tokens received is proportional to the ratio of the tokens contributed by the user to the total contributed tokens in the pool.
3. During the staking period, players can redeem their assets at any time. For those who are concerned about exchange rate fluctuations, they can redeem them in advance. For players who do not manually redeem, all the tokens invested will be automatically transferred back to the spot wallet after the mining period ends.
Overall, Binance Launchpool provides users with a convenient way to obtain new token rewards through simple staking operations. It allows users to fully participate in cryptocurrency mining while preserving the value of their assets.
On December 11th, Binance Launchpool announced the launch of the 40th new mining project: Fusionist ($ACE).
The total mining supply is 10.29 million tokens, with a distribution ratio of 4:1 for BNB and FUSD. The mining will start on December 13th and last for 5 days, ending on December 18th.
Fusionist is a game universe built on the Unity engine that features various collectible NFTs. The team behind Fusionist comes from well-known Web2 game companies such as Tencent and IDFAME.
The game ecosystem consists of three games:
1. Colonization (construction simulation)
2. Conquest (turn-based strategy)
3. Alliance (SLG)
The game is set in the year 2800 when human overdevelopment has led to environmental deterioration on Earth, making it uninhabitable. With mature space travel technology, wars for resources have broken out. Players take on the role of commanders of mechanized troops, managing their own planets, building industrial production lines, collecting rare resources, upgrading technology, and crafting mechas through scanning blueprints. Finally, they establish interstellar fleets for intergalactic warfare through PvP and PvE modes, conquering the galaxy.
Fusionist has been under 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 infrastructure for social interaction and game execution on the blockchain.
Endurance was officially launched on January 31, 2023, and within 7 days, it had over 610,000 users and 114,800 daily active wallet addresses. Currently, it has accumulated more than 1.86 million holding wallets and has completed over 100 million transactions.
$ACE is the governance token of Fusionist and Endurance, designed to allow users to participate in the network and earn rewards. The token release schedule of $ACE is as follows: (Initial circulating supply is approximately 21,969,520)
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Currently, the main 3A games in the blockchain gaming track are Bigtime and Illuvium, with market capitalizations of $190 million and $380 million, respectively.
If we compare the current circulating market value of Bigtime, the price of $ACE is approximately 8.8U. If we compare it to Illuvium, the price of $ACE is approximately 17.5U. At the same time, the current OTC trading price is between 10-12U. Therefore, the market expectation is that the price of $ACE will be above 12U, and the expected price range is between 12-20U, which is likely to exceed the market value of Bigtime.
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Fusionist
Binance Launchpool