The #BB token was recently launched on the Binance platform and ushered in an impressive opening performance, with the price soaring to 25 times. However, for investors, I must remind you to be cautious to avoid potential risks.
For those investors who expect to hold BB tokens for a long time and dream of getting 100 times the return in a few years, I must break your fantasy. The unlocking plan of BB tokens extends to March 2033, which means that a large number of tokens held by institutional investors and project parties will be gradually unlocked in the next decade. These so-called "rat warehouses" may continue to sell their tokens on the market, and the amount is so large that they may not even be able to sell them all in ten years. Therefore, as an ordinary investor, you may be facing the risk of using your hard-earned cash to take over and provide these early investors with an exit opportunity. If you don't know enough about this, you can refer to the case of ARB tokens, which provides valuable lessons for latecomers.
In addition, there are a large number of retail investors who have obtained 70 to 500 BB tokens for free by participating in no-threshold activities and completing tasks. These people already own the tokens without paying any cost, and they may wait for other investors to gradually buy in, thereby pushing up the price
In short, the core business of the BB token is to serve as a BTC staking platform, allowing users to stake their BTC on the platform in exchange for rewards. This is similar to the SSV token on the ETH chain in some ways
Comparing the market capitalization of the two, SSV has a circulating market capitalization of about $300 million, while BB has a circulating market capitalization of $200 million at the opening. However, it is worth noting that SSV has released 90% of its tokens into the market circulation, while BB's current circulation rate is only 19.5%. The remaining 80% of the tokens will be gradually released during the future unlocking period, which will undoubtedly put great pressure on the market as new tokens will continue to pour into the market.
If you are a short-term trader who hopes to make profits through band operations, then my warning above may not apply to you. But in the volatile market of cryptocurrency, learning not to take the plate easily is an important step towards success.Please remember that investing requires caution, especially in such a volatile digital currency market. $BB