Friendly reminder on May 13:
At 8:00 am on May 13, Binance Launchpool will start a new round of staking mining. This time it is NOT. You can now stake BNB and FDUSD in advance, and staking mining will be automatically started when the time comes. In terms of the current market, it is better to control the position and do less operations, so participating in this basically zero-cost Launchpool is still the best choice.
At 18:00 on May 13, the first phase of Binance Megadrop project BounceBit-BB tokens will be launched on Binance, and the rewards obtained by staking will be distributed to the account at the same time. Please pay attention to selective trading.
For the BounceBit-BB project, it is a public chain project with Bitcoin staking, and BB is launched as the community governance token of the project. I will not say more about this project. There are many analysis and evaluations by big guys on the Internet.
The total number of tokens is 2.1 billion, with an initial circulation of 19.5%, or 409.5 million, and Megadrop's token reward is 168 million, accounting for 8%. That is to say, after the token is launched, the total circulating tokens account for 27.5%, totaling 577.5 million.
According to the number of total circulating tokens at the initial time, the token price is around 1U, and the market value will reach 577.5 million. According to the situation of Bitcoin in the pledge project, the short-term bottleneck of the token market value of 1 billion is not a big problem. That is to say, if the market value is 1 billion, the token price will encounter a bottleneck of around 1.7-1.8.
This is a rough estimate. At the same time, as a new section of Binance, Megadrop is of self-evident importance. Its function is also to lock liquidity and funds. Combined with BB as the first phase of Megadrop, it is estimated that the potential will be better. However, the recent market heat and market sentiment are poor, so whether the token will be overestimated or underestimated in the short term depends on the timing.
At the same time, whether it is Binance Megadrop or Bitcoin staking, it is actually resource reuse and locking in capital liquidity. At present, when global liquidity is poor, large exchanges and many project parties have already attached importance to the role of liquidity. Under the premise of insufficient liquidity in the overall environment, locking in their own liquidity outflow is a good defensive move. So everyone also understands the importance of liquidity, right?
The above is purely a personal subjective opinion and is not an investment advice. By the way, the pictures on the BB official website are really good. I like the style. I like it.
