Author: Revc, Golden Finance
Preface
BNB Chain recently announced the 35 selected projects for the eighth season of the Most Valuable Builder (MVB) accelerator. The four-week accelerator program is jointly operated by BNB Chain, Binance Labs, and CMC Labs. It aims to provide rich resources and support for early Web3 developers to help them grow within the BNB Chain ecosystem and promote BNB Chain’s grand goal of attracting the next billion Web3 users.
The eighth season of the accelerator officially kicked off on October 28. In the coming weeks, project teams will study in depth key topics including token economics design, fundraising strategies, team building, etc. to meet the actual needs of early Web3 projects. On November 7, the MVB S8 Demo Day will be broadcast live worldwide, where selected projects will showcase their innovative achievements, and Binance Labs will evaluate investments based on the demonstrations and project performance.
List of accelerator projects
Allo——RWA & AlloBTC
Allo aims to provide an all-in-one investment protocol for fund managers and investors by combining real-world assets (RWA) with Bitcoin staking. Its goal is to simplify the asset tokenization and fund raising process, and ultimately create a platform that utilizes Bitcoin staking and potential lending.
Allo's core technology includes RWA tokenization, which allows almost any asset (such as real estate, startups, and private jets) to be tokenized and implemented through a special purpose vehicle (SPV). This allows fund managers to easily create transactions and tokenize assets. In addition, Allo has been integrated with the BNB chain to improve transaction efficiency, reduce costs, and achieve cross-chain interoperability.
In terms of products, Allo has launched AlloBTC, a Bitcoin liquidity pledge token, which not only helps Bitcoin holders improve liquidity, but also makes Bitcoin a more practical asset. Allo also plans to launch lending products based on pledged assets, enabling users to use pledged assets as collateral for loans. At the same time, through the proprietary RWA ledger, Allo provides a more efficient and low-cost fund management solution to improve the management efficiency of tokenized assets.
RateX — Leveraged Yield Exchange
RateX is a decentralized leveraged yield exchange built on Solana that aims to optimize investor returns and reduce the risk of impermanent loss through innovative yield trading capabilities. The core positioning of RateX is to provide users in the Solana ecosystem with diverse yield trading options.
RateX has partnered with Jupiter and Jito. Through its partnership with Jupiter, RateX provides leveraged yield trading and fixed income products to Jupiter liquidity providers (JLP), increasing the yield potential of JLP holders. In addition, RateX has partnered with Jito to focus on yield trading of JitoSOL (liquidity staking token) and the upcoming VRT (validation reward token), thereby leveraging liquidity re-staking to enhance yield strategies.
Platform features include income trading with up to 10x leverage, allowing users to amplify income changes. In addition, the platform also provides fixed income products, allowing users to lock in stable returns.
YieldFi — Stablecoins & DeFi
YieldFi is a DeFi platform focused on stablecoin staking, aiming to maximize the returns of stablecoins (especially USDT). Users can earn an annualized return of 10%-15% by staking USDT on the platform. These USDT will be converted into the platform token yUSD, allowing users to further farm, borrow or stack within the platform to achieve higher returns.
YieldFi is currently undergoing a security audit by Halborn Security to ensure that the platform is ready to support large-scale user use before the mainnet launch.
YieldFi launched the "Create-2-Earn" program to encourage users to create content or participate in artistic activities in the DeFi field. Users can obtain income or rewards related to the YieldFi ecosystem through these participations, increasing user interactivity and participation.
CodexField——Decentralized Code Social Trading Platform
CodexField is a decentralized platform designed for developers, focusing on enabling the storage, sharing, and trading of code within a decentralized framework. The platform is based on the BNB Greenfield storage network and aims to provide developers with full control over the code and ensure that the code is securely stored in a censorship-resistant environment.
The main features of CodexField include:
Gitd: A highly scalable git implementation written in Go that uses BNB Greenfield as the backend storage, providing decentralized version control with the security of blockchain and the convenience of traditional Git.
Code Market: CodexField has created an innovative code trading platform where developers can trade codes. The platform evaluates code quality through a rating mechanism and creates a reputation-based trading environment.
CodeSync plugin: This plugin allows developers to easily migrate code from GitHub to CodexField and store the code on Greenfield with just one click.
Greenfield front-end: The front-end of CodexField is hosted on Greenfield, and users can manage and view the code stored in Gitd through the web interface.
The integration of CodexField and BNB Greenfield avoids centralized control of code storage, while complying with the decentralized concept of Web3 and ensuring developers’ ownership and management rights over the code.
Infinity Ground — AI & Blockchain
Infinity Ground is building an entertainment network with AI at its core. By combining artificial intelligence technology with blockchain, the project aims to revolutionize entertainment forms such as games and memes. Its core product "The Imagination" is an AI-driven meme generator that demonstrates the project's innovation in content generation.
Matchain——AI & Layer 2 Rollup
Matchain is committed to building a decentralized AI ecosystem, focusing on user privacy and data sovereignty, and establishing new ethical standards for AI practice. Its vision is to create a cross-chain, cross-platform identity aggregation and data interoperability solution to promote the realization of self-sovereignty in the Web3 era.
Core features and services include:
Decentralized Identity (DID): MatchID provides a secure way for users to interact with AI applications without exposing sensitive information, ensuring data sovereignty and preventing unauthorized access.
Data Security and Monetization: Users can choose to sell their data through collaboration with partners such as @NuklaiData, control data usage and monetize their digital footprint.
AI Layer 2 Rollup based on BNB chain: Matchain became the first AI-focused Layer 2 Rollup by migrating to the BNB chain using the Optimism Stack, improving the scalability and security of AI applications and focusing on decentralized identity.
Alt.town — a platform for virtual celebrity value growth
Alt.town is a service that allows users to trade the value of virtual creators in the form of digital assets. The value of creators is based on their content and fan base.
Virtual stars such as VTubers, virtual influencers, and virtual idols who join Alt.town will issue a digital asset called DNA, which symbolizes their value. Users (including fans and Web3 supporters) can purchase the DNA of their favorite virtual stars, expecting the value to increase and enjoy the content provided by the stars. The prices of these digital assets are determined by user-to-user transactions and supported by on-chain order book transactions.
GraFun——Meme Launchpad & DAO
GraFun is the Meme Launchpad on BNB Chain. Fair Curve is a decentralized and balanced token issuance method developed by Gra.Fun specifically for meme projects, aiming to build a community-centric issuance model. Unlike common meme issuance platforms, Fair Curve's model focuses on fairness and community-driven. Unlike manipulation, machine behavior, and malicious user behavior in other meme platforms, Fair Curve promotes honest issuance through positive incentives. Each time a token is purchased, part of the funds will go directly into the public pool, while the rest is returned to the buyer. With the completion of the Bonding Curve process, the public pool is converted to a DAO, and the token becomes the DAO's treasury.
Fair Curve follows the joint curve formula and continues trading until liquidity reaches 38.75 BNB (31 BNB trading funds + 7.75 vBNB virtual collateral). Once these values are reached, liquidity will be distributed in the PancakeSwap pool as follows:
L-BNB: 38.75 BNB - 7.75 BNB (collateral burn) - 1 BNB (listing fee) = 30 BNB
L-Token: 15.48% of the supply (about 154,838,710 tokens), while the remaining 4.52% is used to offset the impact of virtual BNB destruction. This mechanism ensures that the listing price on PancakeSwap is consistent with the end point on the joint curve.
TaleX Chain——ContentFi
TaleX Chain focuses on the concept of integrating content creation and finance, and proposes the ContentFi model. The platform aims to create an environment where users can create and share content, while also receiving token rewards through participation, thus combining content consumption with financial incentives.
Products and Services
TaleX Mini App: An app where users can watch content, including short plays like (Sovereign of Immortals), themed around#Bitcoinand #Web3, produced by Hollywood talent and integrated into the platform’s token economy.
Token system: Users earn tokens by completing tasks or watching content, such as the $SOI token associated with the release of (Sovereign of Immortals), suggesting a tokenized model for content ownership or rewards.
MEET48——AI Social Networking
MEET48 is a social metaverse platform that combines Web3 and AI, with idol culture as its core, especially the cooperation with the idol group SNH48, combined with fan interaction features. The platform aims to provide fans with a diverse virtual interactive experience, allowing users to interact with idols through digital and metaverse activities.
Features and products:
Social Metaverse: MEET48 uses Web3 technology and AI to create an interactive environment where fans can participate in social activities, virtual concerts, and community events to achieve immersive communication with their idols.
Global Idol Popularity Ranking: The platform provides the "Meet48: Global Idol Popularity Ranking" function, which combines data analysis and AI technology to help fans understand the global popularity trends of idols in real time.
summary
This time, the BNB Chain Accelerator selected relatively mature application layer projects, indicating that the Binance system is supporting the development of projects with users, traffic and good community atmosphere, and improving their token economics design and team building levels. The accelerator projects also cover other market hotspots, including DeFi, AI+Web3 and BTCFi.
In the design of Web3 projects, it is necessary to consider the quantifiability of business logic, the limited coordination of production relations, and the focus on high-frequency general scenarios (corresponding to low-frequency occasional scenarios) to have a higher probability of successful launch, because it is necessary to reduce the entropy of the token model to avoid inflation and disorder in the economic system. At the same time, minimalist products are conducive to continuously attracting users' attention, and the attention of Web3 users is always precious and perishable.
