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I. Introduction to the Project. deBridge is a bridging protocol that provides efficient and secure cross-chain interoperability for the Web3 ecosystem, allowing users and protocols to transfer arbitrary messages and assets between different blockchains in a decentralized manner. The project ensures the security and efficiency of cross-chain transactions through a network of independent validators elected by the deBridge decentralized governance system. deBridge aims to become the "Internet of Liquidity" and plans to build a fully decentralized cross-chain asset transfer ecosystem, gradually introducing DBR tokens and DAO governance. The project has been successfully deployed on several major blockchains, including Solana and the EVM chain.
II. Main features of the project
1. Efficient and secure cross-chain transfer: deBridge, as an inter-chain bridge project, supports decentralized transfer of arbitrary messages and assets between different blockchains. Its network of independent validators ensures the security and efficiency of each transaction, making it one of the fastest and most secure cross-chain solutions on the market.
2. Innovative Reward System and Tokenomics: deBridge allows users to earn points when conducting cross-chain transactions through its reward system, which is proportional to the protocol fee and incentivizes users to continue participating. In the future, DBR tokens will be launched, and users will be able to participate in decentralized governance by staking tokens, influencing key protocol decisions.
3. Unlocked Liquidity Model: Unlike traditional cross-chain bridges that rely on liquidity pools, deBridge uses an unlocked liquidity model, eliminating the need to lock large amounts of liquidity in advance. This design greatly improves capital efficiency, reduces security risks, and enables more flexible and secure cross-chain asset transfers.
4. Wide multi-chain support and continuous expansion: deBridge supports several major blockchains, including Solana and EVM chains. In the future, it will expand to ecosystems such as Tron and Cosmos, and plans to launch cross-chain transaction functions for native Bitcoin, continuously expanding its cross-chain compatibility.
III. Market Value Expectations
As a cross-chain interoperability protocol, deBridge ($DBR) has established its position in the cross-chain bridge market due to its unique lock-free liquidity model and decentralized governance mechanism. With the development of the project and the integration of more blockchains, the $DBR token value is expected to have significant growth potential.
According to the latest data, the $DBR token price is $0.0273, with an initial circulating market value of about $45 million and an initial fully diluted market value (FDV) of $273 million. To better predict the future potential of $DBR, we can analyze it by comparing it with the market value of other cross-chain interoperability protocols.
Reference project:
Omni Network ($OMNI): An Ethereum interoperability layer, with a token price of $9.92 and a circulating market cap of $90,804,877.
Celer Network ($CELR): A cross-chain blockchain interoperability protocol with a token price of $0.0142 and a circulating market value of $110,505,487.
LayerZero ($ZRO): A full-chain protocol for interoperability with a token price of $4.09 and a circulating market cap of $455,274,696.
Assuming that deBridge's market value reaches the level of these benchmark projects, the expected price and growth of the $DBR token is as follows:
Omni Network ($OMNI) benchmark network: circulating market cap is $90,804,877 and the $DBR token price is around $0.0555, up 2.03x.
Celer Network ($CELR) benchmark network: circulating market cap is $110,505,487 and the $DBR token price is around $0.0670, which is 2.45x.
LayerZero ($ZRO) Reference Network: The circulating market cap is $455,274,696 and the $DBR token price is around $0.2766, which is 10.13x.
IV. Token Economy Model
The $DBR deBridge native token is the core of the entire project ecosystem, mainly used for governance, staking, and incentive mechanism. Below is the key economic information about the $DBR token.
Token Details :
Token ticker: $DBR
Total number of tokens: 10 billion
Fully Funded Value (FDV): US$250 million
Token distribution and issuance model:
Fund (15%): 33.3% will be released during TGE (token generation event) and the rest will be released linearly over 3 years after 6 months lockup.
Environmental Reward (26%): 11.5% released during TGE and the remainder released linearly over 3 years after 6 months lock-up.
Key players (20%): TGE no release, after 6 months lock-in, linear release over 3 years.
Community and Liquidity (20%): 50% released at TGE and the remainder linearly released over 3 years after 6 months lockup.
Strategic Partner (17%): 20% release during TGE, after 6 months lock-up, the remainder will be released linearly over 3 years.
Validator (2%): 20% released during TGE, after 6 months of lockup, the rest will be released linearly over 3 years.
Initial circulation:
The initial circulation of the project is 1.80 billion, which is 18% of the total.
The initial market cap is approximately $45 million.
Token Economy Analysis: Among the 1.80 billion tokens initially circulating in deBridge, the project side holds a large share. As the token issuance model progresses, the token supply in the market will gradually increase. Due to the relatively high initial circulation market value and initial market pressure, the attractiveness of the token economy model for early investors may be questioned. Investors need to closely monitor the token issuance rhythm and the subsequent ecological development of the project to balance the potential impact of supply pressure.
V. Team and funding
Team Info
Alex Smirnov: Co-founder, responsible for technology and strategic direction.
Jonny Emslie: Marketing Director, responsible for marketing activities and brand management.
Gal Stern: Head of Business Development, responsible for global business development.
Funding information
Seed Funding: $5.50 million
Date: September 7, 2021
Key investors: ParaFi Capital, SkyVision Capital, GSR, Animoca Brands, Crypto.com Capital, MEXC Ventures and others.
VI. Risk Warning
Tokenomics risk: The proportion of tokens in the initial circulation of the project is relatively high, with an initial circulation market value of 45 million US dollars and a total market value of 250 million US dollars. Although a significant number of tokens will be locked and released linearly, the initial circulation is too large, which may lead to greater selling pressure in the market, especially for early investors and project participants. The unlocking time is short, and there may be a risk of liquidity imbalance in the market.
Market competition risk: deBridge, as a cross-chain bridge project, faces intense market competition. There are already many mature cross-chain bridge projects such as Wormhole, Synapse, Multichain and others, which have leading advantages in market share and technology. deBridge has good infrastructure and community support, but in the future, competition for market share may face greater competitive pressure.
Technical Security Risks: Cross-chain bridge projects typically face high security risks. There have been many cases of cross-chain bridges being hacked in history, resulting in significant capital losses. deBridge technology emphasizes security, but it still needs to continue to prove its ability to withstand attacks, especially as transaction volumes and user interactions increase.
Sustainability of Community Activity Level: While deBridge's social media and community data are currently performing well, there is still uncertainty as to whether it will be able to maintain this popularity in the future. A decline in user engagement and participation could impact the overall development of the project and the stability of token prices.
VII. Official links
WebsiteïŒ https://debridge.finance/
TwitterïŒ https://x.com/deBridgeFinance
TelegramïŒ https://t.me/deBridge_finance
