$BNB

I don't know if anyone is paying attention to secondlive, but recently it seems like secondlive may be making some moves.

[I don’t know what sensitive words are always removed from my platform, so I dare not put some words directly. You can figure it out yourself.]

1. Project Introduction (Overview)

To give a brief introduction, this is a metaverse project valued at approximately $30 million, and it has completed its seed round of financing.

This project is considered one of the two heroes of the Metaverse (the other one is Sandbox, but I think Sandbox can't catch up with this project)

As for the detailed analysis, since this project was launched in July 21 and has not yet been launched, many people have already done research.

You can refer to the following article. Thanks to the great research report @mrspike a year ago, it is well written and detailed. You can also search for secondlive directly in the square. (I won’t post the link, you can search it yourself, the link is always swallowed)

2.TOKEN Mechanism

Let me briefly introduce the mechanism of secondlive. There are two tokens, BEAN and LIVE. BEAN is a functional token and LIVE is a governance token. Simply put, you can get BEAN by signing in and receiving rewards, and then stake it and burn BEAN in exchange for LIVE.

There are two main reasons why this project, which has been delayed for more than three years but has not yet been launched, is that the platform, software development, and fixed fan base of this project itself are basically mature; second, this project can be invested in for free in principle.

Basically, if you transfer about 10U of BNB to your wallet, you can earn it for almost half a year without any effort, mainly through playing the treasure hunt game on your mobile phone (one minute a day), signing in on the chain (about $0.05 each time), and buying NFTs (the lowest price is 0.001BNB, about $0.2, which can be resold after purchase, and the transaction volume is good). You can basically get 10-20 LIVE coins every week.

If you are more advanced, you can collect items with voting power. There are many kinds of items, and the most cost-effective ones are Apartment and Pet. According to the current price, the cheapest apartment costs 1.6BNB (the price fluctuates greatly, I bought one at 1.25 in September and sold it at 1.35 in October), and you can get 120 more BEANs every day, which is equivalent to about 40 more LIVEs per week; the price of the cheapest pet fluctuates greatly (when I first entered in September, the price of LV1 dog was about 0.2, and it dropped to 0.125 in early October, and now it has risen to 1.85), and you can get 40 more BEANs every day, which is equivalent to about 10 more LIVEs per week. All Voting Power items are in limited supply, so the price will not drop sharply (unless the project goes bankrupt)

3. Stake Burn Mechanism and Recent Weirdness

At the beginning, I mentioned that there is a possibility of issuing coins recently. Why? It was mentioned earlier that burning BEAN can get LIVE (community governance token). If it can be listed at that time, the listed coin will be this LIVE. The specific pledge burning mechanism is: the pledge pool is opened once a week, during which users can invest BEAN, and it will not be closed before the end of the period (entry is allowed but exit is not allowed). A fixed output of 100,000 LIVE is produced every week, and the settlement is evenly distributed according to the total amount of BEAN every second.

To put it simply, the more BEANs there are in the pool, the less LIVEs a fixed BEAN earns, and vice versa.

The strange thing recently is that the NFT market in Secondlive has become active (the overall NFT market is very quiet), the liquidity of VotingPower props has increased in a short period of time, and the price has risen (of course, the price of some props has fallen back now) and! Originally, in the past year, the weekly BEAN amount in the staking pool has been hovering around 2-3 million (that is, 1 BEAN can produce about 0.03 LIVE, calculated based on 3 million), but it has risen to 5 million this week, a record high in nearly 14 months. The last time was in July and August 22, reaching 5 million twice (the output ratio became 0.02). In August 22, Secondlive should have issued some props, which caused a wave of heat.

So I think there are several possible reasons for the sudden surge in the amount of pledged shares:

1. Some whales concentrated on staking this month (unlikely. Even if it was affected by the rising market on October 2, it is theoretically impossible to reasonably explain why there was a sudden increase of more than 2 million staking amounts)

2. The rise on October 2nd affected people's confidence in the project (which is unlikely, because Secondlive itself has not released any positive news publicly at this stage)

3. The project may be launched soon, and a large number of new players who heard the news will rush in (there is a certain possibility, the active NFT market, including Binance’s release of LIVE coins on the platform in June this year [only included], these are enough for everyone to catch wind and guess)

   

Therefore, in summary, if the pledge can continue to maintain more than 4 million this week, it really means that there is a high probability that there will be action within this year or early next year.

4. Project advantages and coin price prediction (for us leeks)

First of all, I want to make it clear that this introduction is entirely out of my optimism about this project, so you should be cautious when entering. Secondly, to be frank, I wrote so much just to earn a share (the sharer can get an additional 5% of the BEAN earned by the sharee), so I hope everyone can click on the sharing link above to bind and enter, thank you very much!

Let’s analyze the expected price of LIVE coins. I got into it because I saw a blogger saying that the price would not be lower than $10. I personally think it is not impossible, at least it is unlikely in the early stage of the sale. . . . The specific analysis is as follows:

First of all, the total amount is 1 billion, of which 350 million are community rewards. Currently, 14.7 million LIVEs have been obtained through burning (starting from 21.12.27, 100,000 LIVEs will be unlocked every week). The community reward part is expected to be unlocked within 10 years.

Assuming that the market value of LIVE reaches the current circulating market value of Sand (about $600 million), the price of each coin will be about $0.6, but in my opinion, the initial price should be above $1.5 (on the one hand, I believe that the market value of LIVE should not be less than 1 billion even in a bear market; on the other hand, the community reward, that is, the part of users earning BEAN and burning it into LIVE, will take 10 years to be released slowly, and only three and a half years have passed, so the initial circulation is relatively low)

Currently, LIVE has completed the release of mobile phones (2022) and desktop VR version (2023), and the infrastructure construction has basically come to an end. Therefore, combined with the various strange phenomena mentioned above, I speculate that it may be possible to go online in the next six months.

Here are some benefits of this project for us:

1. You can earn about 10 coins a week without any effort. If it reaches my predicted price of 1.5, it means you can save 15 dollars a week at no cost.

2. SecondLIVE supports multiple chains, including BSC, opBNB, ARB, Zyncera, and the testnet's Scroll and Combo, so signing in on different chains every day is a good way to increase activity (signing in on the chain requires contract interaction, and only pays the gas fee)

3. The price of VotingPower props has now hit a two-year low. If it is listed later, the LV1dog of the Pet I just mentioned will conservatively increase by more than 100% (enter the market with caution)

The above is not easy to write, you are welcome to use the sharing code, thank you everyone!

Speechless, the link is always removed after I send it. Please give me a code. Just add invite?user_id=1670349 after the official website address and you can use it. Thank you very much