IGNORE THE FUD ABOUT AIRDROP, IS $REZ COST $0.3 OR $0.42?
Binance continues to launch its 53rd Launchpool. This project is Renzo Protocol, a staking platform built on EigenLayer. Join me in reviewing the highlights and predicting the price list.
Renzo highlights:
- Built on EigenLayer, one of the most prominent platforms recently. Renzo makes it easier for users to access the EigenLayer platform and its ecosystem.
- The first highlight that I see is Cross chain staking. This helps#Renzoexpand more to the user file in Layer 2 surrounding the ETH ecosystem. If successful, this will be a big lever for the project to explode.
- The second highlight is multi-protocol. Renzo combines a variety of protocols such as Pendle, Curve, Balancer... => more liquidity.
- Renzo successfully raised $3.2M in the seed round from tier 2 funds such as: Maven 11 Capital (lead), OKX, SevenX... Most recently, February 2024#Renzocontinued to call from Binance Labs (amount undisclosed)
So how to set a reasonable price?
- With a total supply of 10B tokens, the initial circulating supply is 10.5%, meaning 1.05B tokens will be circulated to the market. To make it easiest to guess, I bring EtherFi for you to compare. EtherFi raised $32M and current cap is around $450M. Renzo raises to 3.2M, what do you think the price will be? OTC is trading at $0.37.
I will give you a few options for you to discuss.
- MC $450M (on par with EtherFi) price will be $0.42 – MC $300M price will be $0.28 - MC $200M price will be $0.19
For me, if the price is $0.42 it is expensive, a reasonable price would be $0.3 which means the cap is around $300 - $350M. The number is quite close to recent Launch projects on Binance.
So what are your views? Please share and discuss in the comments. If you find it useful, don't forget to give me a retweet.
🚀 SAGA Ready to Launch on Binance Launchpool! 🚀 🔥 The opportunity to own SAGA (SAGA) - the native token of the upcoming Saga project - has opened! 📅 Starting from 7:00 a.m. on April 5, 2024 (Vietnam time), Binance users can participate in locking BNB and FDUSD to farm SAGA for 4 days. After the event, SAGA will officially list on Binance at 9 pm on April 9 (Vietnam time). 🔍 Detailed information about Launchpool SAGA: 🔹 Token name: Saga (SAGA) 🔹 Total token supply: 1,000,000,000 SAGA 🔹 Launchpool reward: 45,000,000 SAGA (accounting for 4.5% of total supply) 🔹 Total initial circulating supply: 90,000,000 SAGA (accounting for 9% of total supply) 🔹 Conditions to participate: KYC required 🚀 Maximum limit per user: 37,500 SAGA in BNB pool 9,375 SAGA in FDUSD pool 💡 Pool supports: Stake BNB (available after 4 hours): 36,000,000 SAGA (80%)Stake FDUSD (available after 4 hours): 9,000,000 SAGA (20%) 🌟 Don't miss the opportunity to own SAGA today! 🌟 SAGA LAUNCHPOOL #51 ChatGPT 🚀 SAGA Set to Launch on Binance Launchpool! 🚀 🔥 Exciting news! The chance to acquire SAGA (SAGA) - the native token of the upcoming Saga project - is now available! 📅 Starting from 7:00 a.m. on April 5, 2024 (Vietnam time), Binance users can participate by staking BNB and FDUSD to farm SAGA for 4 days. Following the event, SAGA will officially be listed on Binance at 9 pm on April 9 (Vietnam time). 🔍 Here are the key details about Launchpool SAGA: 🔹 Token name: Saga (SAGA) 🔹 Total token supply: 1,000,000,000 SAGA 🔹 Launchpool reward: 45,000,000 SAGA (representing 4.5% of the total supply) 🔹 Total initial circulating supply: 90,000,000 SAGA (equivalent to 9% of the total supply) 🔹 Participation requirements: KYC verification is mandatory 🚀 Maximum allocation per user: 37,500 SAGA in BNB pool 9,375 SAGA in FDUSD pool 💡 Supported pools: Stake BNB (available after 4 hours): 36,000,000 SAGA (80%) Stake FDUSD (available after 4 hours): 9,000,000 SAGA (20%) 🌟 Seize the opportunity to own SAGA today! 🌟 SAGA LAUNCHPOOL #51
The market is bustling with the 50th project on Binance Launchpool: Ethena (ENA). Ethena is a pioneering project in developing decentralized stablecoins on the Ethereum platform. Ethena's unique feature is the use of a delta-hedging strategy instead of a collateralized debt position (CDP) for the USDe stablecoin, which optimizes the safety experience and minimizes liquidation risk for holders. Ethena has attracted a total of 20.5 million USD from two funding rounds: Seed Round (5.6 million USD) and Strategic Round (14 million USD). The listing time on Binance will be 15:00 April 2, 2024 (Vietnam Time), and trading pairs will include ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY . Details about the Ethena Launchpool include the token name Ethena (ENA), total supply of 15,000,000,000 ENA, Launchpool reward of 300,000,000 ENA (2% of total supply), and initial circulating supply of 1,425,000,000 ENA (accounting for 9.5% of total supply). Ethena promises to bring a safe and efficient stablecoin solution to the cryptocurrency market. Let's look forward to the launch of ENA on Binance Launchpool!
EXPERIENCE IN HUNTING IDO XXX THIS SEASON At the beginning of this year, there were quite a few large ones $Via X30 Beoble x16 Edu3labs x12 When hunting ido, you spend a little and eat a lot. If you spend 1 dong, you get 10, 20 dong Experience punching ido this season to eat big 1. If you want X to be big, you have to wait, usually the general mentality is to let go when you receive the token, if you sell it all then MM will push it forward. 2. You should wait to sell when the first phase is about to be unlocked, MM will push it up to create liquidity 3. Scoop out about 10 fish, you will have about 2.3 x10 fish or more, focus on delicious ido fish like @GameFi_Official , @daomaker , @ChainGPT_Pad ,.... The uptrend market has many big X bets to get refunded, don't forget to RT so I can hunt for you
Update on recent Launchpool events Has anyone discovered hot, emerging fields this year? @ether_fi 49th Launchpool - a decentralized Restaking protocol on the Ethereum network. This project has attracted a total investment capital of up to 27 million USD, mainly from Bullish and CoinFund. Total supply: 1,000,000,000 $ETHFI Initial circulating supply: 115,200,000 $ETHFI Previously, the $ALT project also achieved some significant successes.
After the gamefi fever, Binance Launchpool once again disturbed the market with the AEVO project, promising to bring a potential decentralized exchange (Perpetual DEX).
Can AEVO compete with giants like GMX, DYDX or GNS? Let's analyze this project carefully.
Advantage: Team with strong experience from Ribbon Finance. Strong financial support from reputable investors. Strategic cooperation with Socket, Conduit, Celestia. Encourage token usage through Staking. Smooth experience , easy-to-use interface, high liquidity.
Note:
Transaction restrictions: does not support direct transactions on the wallet. Selling pressure from Launchpool, airdrop and Private Sale. Funding rate calculation frequency is lower than CEX.
Pricing When Listing:
Premarket price: 3 USD (capitalization 330 million USD). Expectation: 4.5 - 5 USD (capitalization 450 - 500 million USD).
Compare with Competitors: AEVO has the potential to compete with GMX, DYDX, GNS. Need to be careful with selling pressure and Funding rate.
Conclude:
AEVO is a potential Defi-Perp Dex project with a reputable team, strategic cooperation, smooth experience and reasonable Premarket price. However, investors need to carefully consider weaknesses and monitor market fluctuations before deciding to invest.