The Wealth Code behind Binance Launchpool and a Detailed Introduction to the Latest Fusionist (ACE) Project
This article only conducts research and estimates on data such as prices and is not investment advice. Please exercise caution.
(Background:
Analysis of Binance Launchpool’s new project: Will Fusionist (ACE) yields exceed expectations?
)
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. The market’s attention was immediately focused on it, and within just two days, the funds invested in Launchpool exceeded $4 billion.
What triggered such enthusiasm among users? What is the expected price after the launch of this project? How has the wealth effect of Launchpool been in the past?
This article will analyze the wealth code behind Binance Launchpool and provide an introduction to the current new mining project.
Binance Launchpool is a service provided by Binance Exchange, aimed at helping projects with token initial distribution. It allows users to obtain token rewards from new projects through 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 combines DeFi’s Yield Farming with the convenience of Binance CEX, providing users with the opportunity to obtain new token rewards by staking encrypted assets.
Currently, the staking assets in Launchpool for mining new tokens are BNB and mainstream stablecoins. These two assets can be considered as perennial favorites.
Why is that? Let’s take a look at the historical performance and yield rates of Launchpool in the tables below.
The following two tables are:
1) Recent mining yield rates of Launchpool tokens
2) Performance of Binance-listed tokens in the past six months
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From the statistics in the above two tables, we can see the following:
1. Looking at the mining APY of Launchpool, the yield rates brought by the performance of the listed price can guarantee around 15%-20% in both bearish and bullish market conditions. The highest SUI even reached 400%+. In comparison, most stablecoin mining in the DeFi sector, which is stable and secure, is around 5%-7% (using the RWA method), which is less than half of Launchpool’s annual rate. Therefore, participating in Launchpool can be considered one of the safer and higher-yielding mining methods regardless of market conditions.
2. Among the tokens listed on Binance in the past six months, ORDI has been the most outstanding performer. After its listing on Binance, its price steadily rose from the closing price of $13 on the first day to over $27 in just over a week, with a net increase of 107%. It then experienced a pullback, dropping to a low of $18, but has since been on a strong upward trend, reaching $61.5 and even as high as $69.8, with a more than fivefold increase. It can be said to be one of the dark horses of this round. The emergence of this dark horse is closely related to its listing on Binance, which provided sufficient 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 performed very well, with rebounds of up to three times and nearly five times, respectively.
4. From the tokens 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 experienced a general recovery in the past six months). Most of these high-quality projects are issued through Launchpool, such as Pendle, the leader in the LSD derivatives track; CyberConnect, the leader in the social track; and Memeland, a rising star in the Metaverse. Basically, they all have excellent fundamentals and a strong user base.
It can be said that the projects launched on Binance Launchpool have to some extent selected tokens with good fundamentals and potential for development. If you conduct certain research on these tokens and then participate, the returns will not be too bad.
5. From the overall increase percentage mentioned above, it can be seen that in the past six months, the tokens listed on Binance Launchpool have generally experienced at least a 200% increase.
It is also worth noting that if you mine with stablecoins, the obtained tokens are equivalent to “free” tokens. If held for the long term, you can steadily gain returns from these price increases.
1. Currently, the staking assets in Launchpool are BNB and FUSD. BNB is well-known to everyone and has been a perennial favorite. Before each 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 your position, but there will be a certain interest rate loss.
FUSD, on the other hand, is a stablecoin supported by high-quality reserves (cash and cash equivalents). Players who do not want to stake BNB often choose to exchange it for FUSD to stake, resulting in lower losses.
(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 announced the launch of 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. A little over a month later, Binance officially listed this stablecoin. Considering Binance’s support for FDUSD and the forging of on-chain data, this may be a centralized stablecoin alternative that Binance chose to support after BUSD. In the future, Binance may provide more support as well.)
2. Deposit the specified tokens into the Launchpool section to obtain new token rewards. The tokens obtained by users from Binance Launchpool are calculated on an hourly basis and can be claimed at any time. The quantity of tokens obtained is directly proportional to the proportion of the tokens the user contributes to the pool compared to the total contributed tokens.
3. During the staking period, players can redeem their assets at any time. Those who are concerned about exchange rate fluctuations can redeem in advance. For those who do not manually redeem, all the tokens invested will be automatically transferred back to their spot wallets 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 the distribution ratio of BNB to FUSD being 4:1. The mining period 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 allows for the collection of various NFTs. Its team comes from well-known Web2 game companies such as Tencent and IDFAME.
The game ecosystem mainly 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 excessive human development has led to the deterioration of the Earth’s environment, making it uninhabitable. With mature space travel technology, wars for resource competition have broken out. Players will play the role of a mech corps commander, manage their own planets, build industrial production lines, collect rare resources, upgrade technology, and scan blueprints to create mechs. Finally, they will establish interstellar fleets for intergalactic warfare through PvP and PvE, conquering 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 infrastructure for social interaction and game execution in the Fusionist chain. Endurance was officially launched on January 31, 2023, and within 7 days of its launch, it has attracted over 610,000 users, with a daily active wallet address of 114,800. It has accumulated over 1.86 million holding wallets and achieved over 100 million transactions.
$ACE is the governance token for Fusionist and Endurance, aiming to allow users to participate in the network and earn rewards. The token release details for $ACE are as follows (with an initial circulation of approximately 21,969,520):
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Currently, the main 3A games in the blockchain gaming sector are Bigtime and Illuvium, with market values of $190 million and $380 million, respectively.
If we compare $ACE to the current circulating market value of Bigtime, the price would be approximately 8.8U. If we compare it to the current circulating market value of Illuvium, the price would be approximately 17.5U. At the same time, the current OTC trading price ranges from 10U to 12U. Therefore, the market expects the price to be above 12U, and it is expected to have a market value higher than Bigtime. Therefore, the price range of 12-20U may be a reasonable expectation for $ACE after its listing.
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Tags:
ACE
Fusionist
Binance Launchpool