CZ tweeted yesterday, followed by Binance's announcement at 18:00 today. The circulating supply is $THE , with a current market cap of around 50 million USD. Some people believe it to be 200 million, but in reality, 170 million is locked for two years and is voluntarily locked by users. I believe that once you understand this, you will also choose to lock it. Many people misunderstand and think it is just another VC coin. This coin is absolutely a strategic layout behind CZ to reconstruct the BNB ecosystem. Next, I will analyze this coin briefly.
$THE is the ve33 model, known in Chinese as Feilun 33. Unlike traditional DEX, the biggest feature of the ve33 model is that all income from the DEX belongs to the ve33 stakers. This makes the token a truly profitable token, unlike UNI and CAKE, which are useless tokens.
Currently, the most successful token of the ve33 model is Aero on the Base chain, with weekly earnings reaching 8 million USD. The circulating market cap is about 800 million (total market cap 1.7 billion). Currently, the circulating market cap of THE is about 50 million, with last week's income at 400,000. To achieve Aero's market cap, there is still about a 15-20x increase potential. The characteristic of Feilun 33 is that once the flywheel starts turning (gaining support from the chain it is on, similar to Base's Aero, last month BNB Chain already invested in THE), it will create a downward pressure on the liquidity of the entire chain and other DEXs. It will gradually begin to siphon liquidity, and eventually, just like Aero, 80% of the entire chain's TVL will belong to it.
Puppies were born on February 11, 2024, stemming from Elon Musk's tweet that day titled 'I love puppies' accompanied by a picture of four puppies, and we continue to be optimistic.
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