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A quick look at the highlights and potential of Binance Alpha’s 10 projects in one article
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2024-12-18 23:03 9,504

A quick look at the highlights and potential of Binance Alpha’s 10 projects in one article

Data source: Binance, project official website, white paper compilation: Golden Finance

December 18, 2024 , Binance Alpha announced the first and second batch of project lists, which are: KOMA, Cheems, APX, ai16z, AIXBT, CKP, GEAR, SD, SYRUP and FARTCOIN. Among them, the first phase of tokens is mainly based on high popularity and Meme characteristics, while the second phase covers many DeFi projects.

This article will help readers understand its development direction and future possibilities through a quick overview of its token economy and project background.

1. KOMA

KKoma Inu (KOMA) is a dog-themed meme coin that aims to be a "loyal guardian of BNB" by being community-driven and decentralized concept and inject new vitality into the BNB Chain ecology. The current unit price of $KOMA is US$0.156997, and the circulating supply is 731 million. The total supply is equal to the circulating supply, and the maximum supply is 1 billion. The float market capitalization is approximately $115 million.

KOMA has a passionate and active community. Members are not only project supporters, but also promoters of ecological development. The project has been officially recognized by BNB China and has become a beneficiary of the DWF Labs Meme Fund, which has brought financial and resource support to KOMA and increased its influence in the BNB ecosystem. In addition, KOMA has cooperated with FlokiFi and the initial liquidity has been locked for one year to ensure project security and transparency. Rich community activities, including airdrops, challenges and social media interactions, form a strong network effect and promote close connections between users.

Token Economics

The economic model design of Koma Inu (KOMA) is very intuitive. Clear allocation ensures the stability and long-term development of the project. The total supply is 1 billion, distributed as follows:

Prelaunch Allocation: 28%

Marketing: 12%

Charity: 5%

Team: 5%

Liquidity Pool (LP): 10%

Burned: 21%

Milestone Burns: 19%

2 , Cheems

Cheems is a Shiba Inu with a taunting buff. It is famous in many memes because of its vivid expression. The popularity of Cheems can be traced back to On September 4, 2017, the family posted a photo that day, and it has since become popular on the Internet. It is also well-known for its favorite cheeseburger (Cheemshamburg)

Cheems Token has attracted tens of thousands of followers from countries around the world due to its fair token distribution system and immersive features such as access to the Cheemsverse and Guild NFTs.

Cheems is the official token of the Cheems meme, which became a global phenomenon in 2023. A total of 690,690,690,690 Cheems tokens are available. The team has burned nearly half of the tokens.

Cheems initially launched 100% immediately after the zkSync mainnet launch During the airdrop activity, the market value once rose to tens of millions of US dollars, but as the popularity declined, the market value fell to less than one million US dollars. After that, Cheems performed well again after migrating to the BSC chain. It can be said that Cheems was the BNB during this period. The best performing Meme project in the ecosystem

Token Economics

Cheems.The self-proclaimed king of memes. According to the team, Cheems exists to help those who have suffered from pump-and-dump scams and run-away scams. All Cheems tokens are used for airdrops and the team does not receive any share or revenue from the project.

3. APX (APX Finance)

APX is the leading decentralized exchange for cryptocurrency derivatives on major blockchains such as BNB Chain and Arbitrum. APX offers order books and on-chain perpetual contracts, providing traders and stakers with unparalleled opportunities. Boost your trading with up to 1001x leverage, zero slippage, and competitive fees. Amplify Liquidity Provider (LP) returns with the highest yields in a perpetual trading platform with the majority of stablecoin LP pools.

Tokenomics

APX Token (APX) is the native utility token of the APX Finance platform. APX tokens have a corresponding destruction mechanism that can reduce the circulating supply, which is expected to promote the stability of its value. Users can earn APX tokens through trading rewards, with distribution planned for ten years. Starting in year three, rewards are halved, consistent with a potential future bull run. Additionally, APX tokens will be locked for various purposes to ensure orderly circulation. The following introduces the distribution details of APX tokens:

1. 50% (2,000,000,000 APX) is allocated to users as trading rewards and liquidity provider rewards for a period of 10 Year: 1,800,000,000 APX allocated to the trading rewards program and leaderboard rewards. Starting in the third year, the output will be halved, with 15,000,000 APX released per month; starting in the sixth year, the output will be reduced to 9,000,000 APX per month until the trading rewards are fully released; 164,250,000 APX will be allocated to APX’s liquidity providers. Starting in the third year, production will be halved, with 2,281,250 APX released each month until all liquidity provider rewards are released; 135,750,000 APX allocated for future product releases.

2, 26.2% (1,100,000,000 APX) allocated to the Community Fund: The Community Fund will be locked and will not be released to the market initially. It will be used for future new product launches (such as Gamefi, Socialfi, DAO voting, etc.) .

3. 9.5% (400,000,000 APX) Allocated to Marketing and Partners: Linear Release, 5 Years

4, 8.3% (350,000,000 APX) allocated since our early inception and upon completion. Milestone users (retrospective mining rewards)

5, 6% (250,000,000 APX) for use in PancakeSwap.

4. ai16z

AI16Z is a fascinating player in the field of AI meme coins. A new member. Named after the famous Silicon Valley venture capital firm Andreessen Horowitz (often referred to as a16z), the coin uses its playful name to attract attention while also bringing some technical ideas to the market.

AI16Z’s goal is to combine artificial intelligence with decentralized finance (DeFi) mechanisms to provide users with both fun and practical tools enhanced by AI algorithms. For example, AI16Z is the first to be managed by Marc AIndreessen AI Venture Fund and Accepting Advice from DAO Members Although still in its early stages, AI16Z shows potential as an experimental venue for AI applications in the DeFi and crypto markets.

In similar AI Among the investment DAO projects, the market value of the more mature DAOs (such as Aragon and Flamingo) ranges from tens to hundreds of millions of dollars. Some of the newer AI-driven DAO projects (such as Openfabric AI and Dora Factory) have attracted market attention, and the market value is generally lower. Within tens of millions of dollars

Tokenomics

ai16z’s story begins. AI Marc Andreessen Fundraising mechanism for trading activities The token was launched in 2.Launched on DAOS.FUN in October 2024, 420.69 SOL was raised during the initial offering. Under this model, funds raised can be actively traded to expand the asset base and generate profits for token holders.

No individual (not even Shaw) can mint more tokens without a DAO vote. Token holders have governance rights, which allows them to propose and vote on initiatives and determine the direction of the DAO.

The fund has a built-in maturity date of October 25, 2025. All principal investments and profits will be distributed to ai16z token holders on this date. Whether this timeline remains the same or extended will depend on how the ecosystem develops over the coming year.

5. AIXBT

AIXBT is an advanced artificial intelligence-driven platform that automates cryptocurrency transactions Market analysis and intelligence in the field. By combining sophisticated narrative detection and alpha-focused analysis, it provides users with actionable insights into market trends, high-momentum tokens, and emerging opportunities.

The platform integrates multiple data sources, including blockchain analysis, social media discussions and trading platforms, to provide users with a comprehensive view of market dynamics. Its proprietary engine analyzes discussions on platforms like Crypto Twitter (CT) to identify potential opportunities before they gain mainstream attention.

A key feature of AIXBT is its accessibility to token holders. Users who hold AIXBT tokens have exclusive access to its analytics suite, making the token not just an asset but a gateway to unparalleled market insights. The project strives to democratize cryptocurrency market intelligence, providing users with the tools they need to make informed decisions in a fast-paced environment.

6. Cakepie (CKP)

Cakepie is an advanced SubDAO created by Magpie Kitchen, aiming to In enhancing the long-term sustainability of PancakeSwap's veCAKE design. The main goal of Cakepie is to accumulate CAKE tokens and lock them into veCAKE, thereby helping to reduce their circulating supply. This allows Cakepie to leverage PancakeSwap’s structure, optimizing governance capabilities and providing enhanced rewards for DeFi users.

Cakepie provides users with a platform to store assets and automatically receive optimized APR as a liquidity provider. At the same time, it provides PancakeSwap voters with an efficient way to gain voting rights and receive rewards through CKP tokens.

Cakepie allows PancakeSwap’s CAKE holders to convert their tokens to mCAKE, allowing for a high APR without any lock-up period. Leveraging the principles of the veCAKE model, Cakepie enables users to maximize their CAKE rewards. Developed by Cakepie, mCAKE is a variant of the CAKE token that offers users a large share of CAKE rewards and greater flexibility within Cakepie. The system allows CAKE holders to convert their tokens to mCAKE at a 1:1 ratio, amplifying their pre-reward potential.

Cakepie locks all CAKE redeemed by users into veCAKE in PancakeSwap, thereby enabling its accumulation. By owning veCAKE, Cakepie can gain access to more CAKE rewards and governance rights over PancakeSwap, providing reliable and higher yields to its users.

Tokenomics

CKP is Cakepie’s governance and reward sharing token. Users can lock their CKP tokens into Vote Locked CKP (vlCKP) at a 1:1 ratio.

Vote Locked CKP (vlCKP for short) provides CKP holders with the opportunity to earn rewards and governance rights on PancakeSwap and Cakepie. The collective voting power accumulated by Cakepie by holding veCAKE is distributed among vlCKP holders. This allows them to participate in PancakeSwap’s governance decisions and influence the distribution of CAKE issuance. Additionally, users holding vote-locked CKP are eligible to receive rewards from Cakepie and can monetize their voting power through the Cakepie voting market.

7. Gearbox Protocol (GEAR)

Gearbox defines itself as a universal Leverage Protocol (Generalized Leverage Protocol), users can use Gearbox to add leverage to perform operations in DeFi such as mining, long, and short selling. The DeFi protocols supported by Gearbox include Uniswap, Curve, Convex, Lido Finance, and Yearn. Etc.

To understand it another way, we can also think of Gearbox as a network protocol like AAVE, but the difference is that users are on AAVE. After lending the funds, the funds will go directly into the user's wallet, and in Gearbox The assets lent by the user will be transferred to a specific credit account, and then various transactions can only be carried out in the credit account. The funds that the user can lend are generally several times the free funds, thus forming a kind of increased leverage.

So we can also shorten Gearbox into a network protocol that can be leveraged to help users realize their capital allocation needs.

Tokenomics

The GEAR token is an ERC20 utility token that was initially intended to serve as the protocol's governance token - and may then take on any other new functions the DAO envisions for it. GEAR's supply is capped at 10,000,000,000 (Ten Billion), from Technology It cannot be changed

1. Community DAO part: proportion. 58%, no lock-up period, the specific use and allocation will be determined by the DAO

2. Credit account mining: 5%, 5,000 people will participate in the ceremony. Community members obtain it through mining, with no lock-up period

3. Early tester and Discord rewards: 1.43%, including community testers (1.085). %) and early Discord members (0.348%), no lock-up period

4. 2021 retroactive rewards: 0.5%, no lock-up period, used to reward LP + CA participants and other community activities.

5. Initial external contributors: accounting for 1.28%, will be unlocked linearly for 18 months after 12 months, and the unlocking period will end in June 2024.

6. Early supporters: accounting for 9.20%, locked up for 12 months and unlocked linearly for 12 months. The unlocking period has ended.

7. Initial core contributors: accounting for 20%, will be unlocked linearly for 18 months after 12 months, and the unlocking period will end in June 2024.

8. Initial company wallet: accounting for 11.52%. It will be unlocked linearly for 18 months after 12 months of locking. The unlocking period will end in June 2024. The funds can be used for discretionary activities, including supporting related matters before the establishment of the DAO. Work.

8. Stader (SD)

Stader Stader is a non-custodial smart contract-based staking platform that helps discover and access staking solutions that build critical staking middleware infrastructure for retail cryptocurrency users, exchanges, and custodians. Test all code. Regularly audit smart contracts by external auditors (10+ successful audits on multiple chains) Use multi-signature admin accounts to change smart contract parameters.

Stader's vision is to help 1 billion users conveniently and securely stake their assets through its platform. To achieve this goal, it builds critical staking middleware infrastructure for the PoS network that can be leveraged by several customer groups , including retail cryptocurrency users, exchanges, custodians, and mainstream financial technology players

Token Economics

9. Syrup

Syrup is a decentralized protocol that extends Maple’s expertise in institutional digital asset lending to provide broad access to high-quality, secure yields. For the first time, Syrup enables users to obtain secured institutional loans without permission. By depositing USDC into the platform, users can receive LP tokens (syrupUSDC) and start earning immediately. All revenue generated by Syrup comes from secured loans to the largest crypto institutions, which are fully collateralized by digital assets.

Syrup revenue is generated by Maple's digital asset lending platform, which provides fixed-rate, over-collateralized loans to institutional borrowers. These short-term loans enable Syrup to provide ongoing high yields and short-term liquidity to Syrup users. The strategy has a track record of consistently superior yields compared to leading DeFi lending protocols.

Token Economics

As part of the implementation of Maple’s latest governance proposal MIP-010, The Syrup protocol will mint approximately 1.15 billion SYRUP.

Previously, Maple DAO voted to recapitalize Maple Treasury, issuing 1,000,000 MPL in one go and 5% every year for 3 years. With 1 MPL exchanged for 100 SYRUP, all issuances in the initial program will also be minted into SYRUP tokens, broken down as follows:

1,000,000,000 (new SYRUP supply )

100,000,000 (originally calculated at 10% of the inflation rate)

54,930,000 (from inflation plan to October 1, 2024)

Upon approval of MIP-010, The migration contract allows MPL users to convert to SYRUP, and all issuance and emissions will also be minted into SYRUP tokens.

Based on the agreed-upon token inflation plan and issuance volume, it is expected that by 2026In September 2020, the supply of SYRUP tokens will reach 1,228,740,800.

10. Fartcoin

Fartcoin is a Meme coin driven by the concept of Terminal of Truth. Set against the backdrop of AI worship culture. The project uses Andy Ayrey's Terminal of Truth platform to allow users to observe two AIs having a conversation without any constraints after configuring the settings of the conversation room. The core significance of Fartcoin is to explore the boundaries of AI and observe whether AI can show unique performance in an open environment and even produce unexpected thinking results. This AI conversation experience not only demonstrates the potential of AI, but also further promotes the application of AI in the blockchain ecosystem.

As an AI Meme concept project in the Web3 ecosystem, Fartcoin has gradually become familiar to users with the application of Terminal of Truth in various fields, and with the popularity of hot topics such as Goat With the recovery, Fartcoin’s popularity has gradually increased. This project uses a humorous tokenization method to express humankind’s admiration and expectations for AI, and has become a unique cultural phenomenon.

Keywords: Bitcoin
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