LaunchPad's Strongest Scythe Beta Finance (BETA)

ETH_蛋总 · 2023-10-08T07:54:20.000Z

Many people may not know that BETA was once a LaunchPad project. No one would object to the worst project of Binance LaunchPad: the subscription price on Binance was 0.06u, and it reached its peak at the opening: it reached a maximum of 4.75u and then it was gone. Then it cut leeks all the way, falling as low as 0.055 and below the opening price. 1. Why can Beta be on a platform like BN but perform so poorly on the platform? The first point: It may be related to the market peaking at that time: When Beta came online, the entire market was at a historical high, and the market reached 66,000 points. It then sprinted to 69,000 points in a short period of time, and then began to decline. In this case, it is very normal for small currencies to follow the decline of the market. Usually, when the market decline reaches 30% to 40%, the decline of small currencies may even exceed that of the market, so the resistance of small currencies is usually not too strong.

Many people may not know that the BETA coin was also a project from LaunchPad.
No one would disagree that Binance LaunchPad is the worst project: the subscription price on Binance was 0.06u, and it peaked at the opening: it reached a high of 4.75u and then died. Then it continued to sell leeks, and the lowest price fell to 0.055, below the opening price.
1. Why can Beta, a leading platform like BN, perform so poorly on the platform?
​The first point: It may be related to the peak of the market at that time: When Beta was launched, the entire market was at a historical high, with the market reaching 66,000 points, and then sprinted to 69,000 points in a short period of time, and then began to decline all the way. In this case, it is very normal for small currencies to fall with the market. Usually, when the market falls by 30% to 40%, the decline of small currencies may even exceed that of the market, so the resistance of small currencies to decline is usually not too strong.
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Second point: Beta Finance’s operation hurts early users, and the wool party is killed: Beta project claimed that it would provide 5% retroactive airdrop rewards to early participants. However, once Beta was launched on Binance, after 20 days of research, they announced that the airdrop ratio was only 0.5%, which is one tenth of the promised 10%. This behavior hurts early users, especially those who trade on Noble Chain (ETH), who paid high gas fees but ended up with only a negligible airdrop reward, and some even suffered losses in principal.
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Second, despite Beta Finance’s negative history, why should we still pay attention to it?
First of all, Beta's current market value has fallen to more than 70 million US dollars, and many investors may have been locked in, but this also means that some people may start to cover their positions to save themselves. In a bull market, the market value of some currencies can quickly soar to billions of dollars, so although Beta has experienced a period of downturn, it is not a useless "air coin".
In addition, Beta Finance has also received investments from some well-known institutions, including Spartan Group, ParaFi Capital, Multicoin Capital, DeFiance Capital, and Delphi Digital, which is also a factor worth considering.
Despite a bumpy start, Beta still has a chance: Although Beta Finance encountered a lot of problems in its early stages, it still has the potential to succeed in the future. At present, the bubbles of various concept currencies in the DeFi market have been squeezed out, and the prices of projects such as Uniswap, Sushi, Aave, etc. have experienced a sharp drop. However, DeFi is still in the early stages of development, and the potential and prospects of this field are still worth looking forward to. Decentralized finance is a major trend in the future, so despite Beta's setbacks, it still has the potential to be part of the success.
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3. Token Economy
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To sum up, although Beta Finance has some negative history, its current market value is relatively low, and it has the opportunity to attract investors who are stuck in the market to cover their positions. In addition, the investment of well-known institutions and the potential of the DeFi field provide some support for Beta's future. However, BN has recently classified it into the observation area and has issued a warning to the project, but I personally think that the risk of being delisted is low. It is now close to the break price, so you can invest some now, but don't take too large a position!