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@joakja
Former MNC consultant, Crypto & Stock Trader, Binance Square Creator
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Time sharpens the brave, only Binance can hold up a new sky! Seven years of spring, every drop of sweat condenses the ideal of soaring; Ask yourself, every strand of persistence breeds the power to change the world. How beautiful the prosperous times are, only the brave are full of confidence and hold hands to the sun; How majestic the song of the times is, only at the end of the song can the wonderful chapter be written. Congratulations on Binance’s seventh anniversary! Binance has a bright future! @yingge818 @CZ @heyi #币安七周年
Time sharpens the brave, only Binance can hold up a new sky!
Seven years of spring, every drop of sweat condenses the ideal of soaring;
Ask yourself, every strand of persistence breeds the power to change the world.
How beautiful the prosperous times are, only the brave are full of confidence and hold hands to the sun;
How majestic the song of the times is, only at the end of the song can the wonderful chapter be written.
Congratulations on Binance’s seventh anniversary!
Binance has a bright future!
@yingge818 @CZ @Yi He
#币安七周年
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Why are we optimistic about Ethereum Layer 2?Based on the previous push, why do I say that we should start ambush Ethereum Layer 2 now: From the long-term forecast of L2 by institutions: The Ethereum Layer 2 network is growing rapidly, with the number of transactions exceeding the Ethereum mainnet. It is expected that by 2030, the total transaction volume of Ethereum Layer 2 will reach 120 million transactions/day and the TVL will reach 2 trillion US dollars. Based on historical valuation multiples, it is predicted that the total market value of Layer 2 will reach 3.5 trillion US dollars by 2030. Rollup technology is the main driving force of Layer 2, which publishes transaction data to the Ethereum mainnet, but the transactions themselves are executed off-chain, thereby improving scalability and reducing gas fees. Institutions are optimistic about both Optimistic and ZK Rollup technologies and expect them to coexist and compete in the next few years.

Why are we optimistic about Ethereum Layer 2?

Based on the previous push, why do I say that we should start ambush Ethereum Layer 2 now:
From the long-term forecast of L2 by institutions:
The Ethereum Layer 2 network is growing rapidly, with the number of transactions exceeding the Ethereum mainnet. It is expected that by 2030, the total transaction volume of Ethereum Layer 2 will reach 120 million transactions/day and the TVL will reach 2 trillion US dollars. Based on historical valuation multiples, it is predicted that the total market value of Layer 2 will reach 3.5 trillion US dollars by 2030. Rollup technology is the main driving force of Layer 2, which publishes transaction data to the Ethereum mainnet, but the transactions themselves are executed off-chain, thereby improving scalability and reducing gas fees. Institutions are optimistic about both Optimistic and ZK Rollup technologies and expect them to coexist and compete in the next few years.
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Now go ambush the Ethereum ecosystem and small-cap RWAs. There will be a big surprise waiting for you at the end of the month.
Now go ambush the Ethereum ecosystem and small-cap RWAs. There will be a big surprise waiting for you at the end of the month.
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The new phase of Binance Launchpad is here. I didn’t expect it to be $SAGA (named after the Fourth Prince). Let’s talk about what this Fourth Prince is. $SAGA is a Layer 1 track project on which a proprietary chain can be customized. This is a protocol that facilitates the work of developers and is flexible and scalable according to their needs. And $SAGA is the governance token of this protocol. 1️⃣By staking $SAGA, you can get token airdrops of projects built on the Saga protocol. 2️⃣$SAGA holders have voting rights on relevant decisions. 3️⃣Developers pay $SAGA tokens to network validators. Project financing: Two rounds of financing of $11.5 million. Investors include Placeholder, Polygon Lab, GSR, Figment, Chorus One and many other institutions. Token economics: Total 1 billion tokens, institutional valuation 130 million, initial circulation 90 million, mining pool tokens 45 million, plus IEO price 0.075U, so the institutional cost price is approximately equal to 0.1U. Just mentioned that the institution raised $11.5 million, investors allocated 20%, the institutional market value is about $52 million, then according to the previous general opening of 3 times, the opening price is around 3U. Then the bull top price is based on the consistent strong performance of the GameFi concept in the bull market, and the bull top price is not excessively given to the range of 15U-20U.
The new phase of Binance Launchpad is here. I didn’t expect it to be $SAGA (named after the Fourth Prince). Let’s talk about what this Fourth Prince is.
$SAGA is a Layer 1 track project on which a proprietary chain can be customized. This is a protocol that facilitates the work of developers and is flexible and scalable according to their needs. And $SAGA is the governance token of this protocol.

1️⃣By staking $SAGA , you can get token airdrops of projects built on the Saga protocol.
2️⃣$SAGA holders have voting rights on relevant decisions.
3️⃣Developers pay $SAGA tokens to network validators.

Project financing:

Two rounds of financing of $11.5 million. Investors include Placeholder, Polygon Lab, GSR, Figment, Chorus One and many other institutions.

Token economics:

Total 1 billion tokens, institutional valuation 130 million, initial circulation 90 million, mining pool tokens 45 million, plus IEO price 0.075U, so the institutional cost price is approximately equal to 0.1U. Just mentioned that the institution raised $11.5 million, investors allocated 20%, the institutional market value is about $52 million, then according to the previous general opening of 3 times, the opening price is around 3U. Then the bull top price is based on the consistent strong performance of the GameFi concept in the bull market, and the bull top price is not excessively given to the range of 15U-20U.
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Five questions leeks often ask, see how many you win? Please don’t take your seat🤣 1. Can I buy this coin? 2. Can I still get this coin? 3. How much does this coin cost? 4. Do you want to cut this coin? 5. Why did this coin rise/fall yesterday? Anything else is welcome to add.
Five questions leeks often ask, see how many you win? Please don’t take your seat🤣

1. Can I buy this coin?
2. Can I still get this coin?
3. How much does this coin cost?
4. Do you want to cut this coin?
5. Why did this coin rise/fall yesterday?

Anything else is welcome to add.
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Come on, come on, today I will briefly introduce the @ethena_labs project $ENA (I gave him a name: Love can endure, which means that the currency price may be difficult, and you have to hold it to take off🤣), which is also what I have planned for this year The Dragon 2 Ace Project among Tier 1 projects. The main product of this project is the stable currency USDe, and the collateral assets are composed of equal amounts of ETH spot longs and ETH futures shorts, achieving "Delta neutrality". Through the dual-layer income design, a very high rate of return is achieved, which is said to be as high as 87%! When MakerDAO used RWA to achieve an 8% return rate, it was able to cause crazy currency prices and was hailed as the first cryto native algorithmic stable currency. Financing status: In July last year, $ENA completed a $6.5 million seed round of financing and a strategic round of financing totaling $14 million, with a valuation of $300 million. This round of financing was led by Dragonfly, Brevan Howard Digital and other institutions. The family office of BitMEX founder Arthur Hayes also participated in the investment. Token Economics: The total amount is 15 billion tokens. Based on the institutional valuation of US$300 million, the institutional cost price calculated using the PE valuation method is 0.02U According to the previous local tycoon $ETHFI, 3U has a market capitalization of 3 billion, so the opening will be at least 0.2U. The closer you are to buying here, the safer it will be. Because of the leading effect, it is reasonable to give him enough room for a premium to give him 5-8U in Niuding. ⚠️Note: It is strictly prohibited to cancel the account and re-register. Such behavior will not receive any rewards. #ENA#Binance 📷#BinanceLaunchpool#Binance 📷#binance@binance @binancezh @heyibinance
Come on, come on, today I will briefly introduce the @ethena_labs project $ENA (I gave him a name: Love can endure, which means that the currency price may be difficult, and you have to hold it to take off🤣), which is also what I have planned for this year The Dragon 2 Ace Project among Tier 1 projects.

The main product of this project is the stable currency USDe, and the collateral assets are composed of equal amounts of ETH spot longs and ETH futures shorts, achieving "Delta neutrality". Through the dual-layer income design, a very high rate of return is achieved, which is said to be as high as 87%! When MakerDAO used RWA to achieve an 8% return rate, it was able to cause crazy currency prices and was hailed as the first cryto native algorithmic stable currency.

Financing status:
In July last year, $ENA completed a $6.5 million seed round of financing and a strategic round of financing totaling $14 million, with a valuation of $300 million. This round of financing was led by Dragonfly, Brevan Howard Digital and other institutions. The family office of BitMEX founder Arthur Hayes also participated in the investment.

Token Economics:
The total amount is 15 billion tokens. Based on the institutional valuation of US$300 million, the institutional cost price calculated using the PE valuation method is 0.02U
According to the previous local tycoon $ETHFI, 3U has a market capitalization of 3 billion, so the opening will be at least 0.2U. The closer you are to buying here, the safer it will be. Because of the leading effect, it is reasonable to give him enough room for a premium to give him 5-8U in Niuding.

⚠️Note: It is strictly prohibited to cancel the account and re-register. Such behavior will not receive any rewards.
#ENA#Binance 📷#BinanceLaunchpool#Binance 📷#binance@binance @binancezh @heyibinance
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Today I would like to introduce the leader of the Liquid Restaking track, ether.if @ether_fi (I named him: Ai Tuhao Raise) 1. Project introduction Tuhaoge ether.fi is a decentralized, non-custodial entrusted pledge agreement with a unique Staking mechanism and Liquid Staking tokens. It uses distributed verification technology (DVT) to reduce the operating costs of independent nodes to promote the decentralization of the Ethereum network. Centralization. Currently, it ranks first in TVL on the Liquid Restaking track, with a TVL of US$30 billion accounting for half of the entire track. In the Liquid Restaking sector, etherfi's locked-up volume is far ahead of the second-ranked Puffer Finance, which is enough to show its leading position in the market. Binance opening trading time: 2024/03/18, 20:00 (UTC+8) 2. Token Economics The seed round raised 5.3 million yuan, led by NIV, Chapter One and Node Capital, with participation from Xiao Hei Ge and others. In February this year, it raised 27 million led by Bullish and CoinFund. A total of 32.3 million US dollars accounts for 32.5%, the total number of tokens is 1 billion, and the initial circulation is 115 million (11.52%), of which Launchpool accounts for 2%, so the institutional cost price is 0.0994U, which is calculated as 0.1U Then based on the new currency buff + leading effect, it is expected that the opening institutional price will increase by about 40 times, so the opening price of Tuhao Brother's online will be between 4U-6.5U. Then based on the leading effect plus the bull market premium, the bull top price can reach around 25U-27U. Enjoy a 20% discount on transaction fees: https://accounts.binance.info/zh-CN/register?ref=179734529&return_to=aHR0cHM6Ly93d3cuYmluYW5jZS5pbmZvL3poLUNOL2pvaW4_cmVmPTE3OTczNDUyOQ #ETHFI#Binance 📷#BinanceLaunchpool#Binance 📷#binance@binance @binancezh @heyibinance @sisibinance
Today I would like to introduce the leader of the Liquid Restaking track, ether.if @ether_fi (I named him: Ai Tuhao Raise)

1. Project introduction
Tuhaoge ether.fi is a decentralized, non-custodial entrusted pledge agreement with a unique Staking mechanism and Liquid Staking tokens. It uses distributed verification technology (DVT) to reduce the operating costs of independent nodes to promote the decentralization of the Ethereum network. Centralization. Currently, it ranks first in TVL on the Liquid Restaking track, with a TVL of US$30 billion accounting for half of the entire track. In the Liquid Restaking sector, etherfi's locked-up volume is far ahead of the second-ranked Puffer Finance, which is enough to show its leading position in the market.

Binance opening trading time: 2024/03/18, 20:00 (UTC+8)

2. Token Economics
The seed round raised 5.3 million yuan, led by NIV, Chapter One and Node Capital, with participation from Xiao Hei Ge and others. In February this year, it raised 27 million led by Bullish and CoinFund. A total of 32.3 million US dollars accounts for 32.5%, the total number of tokens is 1 billion, and the initial circulation is 115 million (11.52%), of which Launchpool accounts for 2%, so the institutional cost price is 0.0994U, which is calculated as 0.1U

Then based on the new currency buff + leading effect, it is expected that the opening institutional price will increase by about 40 times, so the opening price of Tuhao Brother's online will be between 4U-6.5U. Then based on the leading effect plus the bull market premium, the bull top price can reach around 25U-27U.

Enjoy a 20% discount on transaction fees: https://accounts.binance.info/zh-CN/register?ref=179734529&return_to=aHR0cHM6Ly93d3cuYmluYW5jZS5pbmZvL3poLUNOL2pvaW4_cmVmPTE3OTczNDUyOQ
#ETHFI#Binance 📷#BinanceLaunchpool#Binance 📷#binance@binance @binancezh @heyibinance @sisibinance
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Let’s talk about the coin #TAO Bittensor @bittensor_ is a permissionless P2P network that uses the blockchain token economy to stimulate the generation and operation of AI products, thereby promoting the development of decentralized and censorship-resistant AI and preventing mainstream AI products from being controlled and monopolized by giants. To put it simply, he is AI, but few people know that he is the leader of AI. He is not WLD, who makes you stew meat RNDR, nor AGIX, who loves shrimps. His ecological diagram is below, so I won’t say more. There is also a point that Foundry has brought him goods. This is the largest miner in BTC, no one. The current market value is 14.3 billion and the circulation is 21 million. Although there is little hope for the 100x coin, and his popularity has not yet become particularly popular, at least no one in the Chinese area has shouted about it. However, as the leading effect of AI, there is still room for premium, and the most important thing is that it has the expectation of @binancezh @binance. As long as there is this expectation, it will have room to double. Let's see what happens on bullish market.
Let’s talk about the coin #TAO
Bittensor @bittensor_ is a permissionless P2P network that uses the blockchain token economy to stimulate the generation and operation of AI products, thereby promoting the development of decentralized and censorship-resistant AI and preventing mainstream AI products from being controlled and monopolized by giants.

To put it simply, he is AI, but few people know that he is the leader of AI. He is not WLD, who makes you stew meat RNDR, nor AGIX, who loves shrimps.

His ecological diagram is below, so I won’t say more. There is also a point that Foundry has brought him goods. This is the largest miner in BTC, no one.

The current market value is 14.3 billion and the circulation is 21 million. Although there is little hope for the 100x coin, and his popularity has not yet become particularly popular, at least no one in the Chinese area has shouted about it. However, as the leading effect of AI, there is still room for premium, and the most important thing is that it has the expectation of @binancezh @binance. As long as there is this expectation, it will have room to double.

Let's see what happens on bullish market.
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This year’s primary market attention↓ Tier 1: Initia @initiaFDN /Eigenlayer @eigenlayer /Puffer Finance @puffer_finance /Ethena @ethena_labs Tier 2: Babylon @babylon_chain /Blast @Blast_L2 /Merlin @MerlinLayer2 I know @LENA_Network had issues today, but I won't downgrade @Blast_L2.
This year’s primary market attention↓

Tier 1: Initia @initiaFDN /Eigenlayer @eigenlayer /Puffer Finance @puffer_finance /Ethena @ethena_labs
Tier 2: Babylon @babylon_chain /Blast @Blast_L2 /Merlin @MerlinLayer2

I know @LENA_Network had issues today, but I won't downgrade @Blast_L2.
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Brother cute rush, Binance’s new airdrop event. As long as you set your Binance Plaza avatar and nickname, you can share $1,000 FDUSD and get exquisite Binance peripherals.
Brother cute rush, Binance’s new airdrop event.
As long as you set your Binance Plaza avatar and nickname, you can share $1,000 FDUSD and get exquisite Binance peripherals.
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币安广场
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Set your Square avatar and nickname: share $1,000 FDUSD and win Binance merchandise!
Just complete your Binance Square profile and you’ll have a chance to share $1,000 FDUSD and win limited Binance merchandise!
Event time: 2024-03-05 16:00 to 2024-03-11 07:59 (East Eighth District time)

💠 Mission:
1. Set up your Binance Square profile (including nickname, avatar, bio, and username).
2. Submit your nickname in the comment area below this event post

🎁Activity 1:
Users who have not set up a square profile before 2024-03-05 16:00 (East Eighth District time) can participate in this event. The first 2,000 users to complete the task will equally receive a $1,000 FDUSD token reward (based on the time it takes to reply to this post).
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On the Hundred-fold Coin 99% of the chain is reset to zero, and the 1% opportunity is basically invisible To find a hundredfold coin, he must first be satisfied 1. Small market capitalization 2. Strong narrative 3. Not Binance 4. Expectations to be listed on Binance 5. The price should be low enough 6. The newer the coin, the better, unless the old coin is replaced with a new narrative 7. No one shouts in the Chinese area, foreigners don’t know 8. Until now, the increase has less than doubled. 9. In a bull market, the washout must be severe, and it is best to exceed the 30% decline. 10. If there is a famous market maker, it must be DWF 11. Choose from MEME and GameFi first. The bigger the project, the bigger the bubble. Today’s 100x coins are hard to buy, to be honest. It takes a little luck.
On the Hundred-fold Coin

99% of the chain is reset to zero, and the 1% opportunity is basically invisible
To find a hundredfold coin, he must first be satisfied
1. Small market capitalization
2. Strong narrative
3. Not Binance
4. Expectations to be listed on Binance
5. The price should be low enough
6. The newer the coin, the better, unless the old coin is replaced with a new narrative
7. No one shouts in the Chinese area, foreigners don’t know
8. Until now, the increase has less than doubled.
9. In a bull market, the washout must be severe, and it is best to exceed the 30% decline.
10. If there is a famous market maker, it must be DWF
11. Choose from MEME and GameFi first. The bigger the project, the bigger the bubble.

Today’s 100x coins are hard to buy, to be honest. It takes a little luck.
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Market Auction TheoryTranslated from: https://tradingriot.com/auction-market-theory/What is market auction theory? Market auction theory explains the primary purpose of markets and the ways in which market participants interact to achieve this purpose. The main idea is that financial markets are no different from any other auction floor where buyers and sellers gather and interact on a daily basis. There are two main goals to be achieved here: 1) Facilitate transactions during a two-way auction 2) Find the fair value of an asset A two-way auction means that the end of the "up" auction will be followed by the start of the "down" auction, and vice versa. It is then represented by tools such as market or volume price charts. These bell curves (Figure 1) represent market fair values ​​within 68% of one standard deviation. An example of a practical application of market auction theory in financial markets. An example in the stock market, assume that the price of Samsung stock is $50 per share. Samsung launched a new phone, but the quality was poor, the battery didn't work properly, it overheated and exploded, etc. As a result of this incident, Samsung's stock price began to fall until it found new buyers at $30. This is where new value areas are formed. After a while, the phone is magically patched and repaired, and the stock price starts to rise again. Where are the places in the market that might stop rising? Previously around $50 value area. This is what every market ultimately does: market participants negotiate prices between balanced and unbalanced values. The market auction theory defines the area where 68% of the trading volume is located as the value area. There is also a point of control (POC) in the value area, which is the price level with the largest trading volume or the longest stay in the market. 1) Market charts represent value areas and control points based on time. 2) The volume price chart represents value areas and control points based on trading volume. Figure 2 can represent this value-seeking broadcast mechanism and price. Key components of market auction theory 1) Price - broadcasts opportunities in the market 2) Timing - regulates price opportunities 3) Volume - measures the success or failure of an auction. Volume measures the interaction of market participants at different price levels. Equilibrium and Imbalance In a balanced market, buyers and sellers agree on a price and are willing to buy/sell at the current price.Because they believe these prices represent fair value. A balanced market generally represents low volatility. Likewise, imbalance is the opposite concept of balance. An imbalance is a disagreement about fair value. Market participants behave more aggressively on one side, leading to market trending, where prices go out for a period of unilateral rise/fall. In general, the market is in a unilateral trend state only 20% of the time, and range-bound oscillations 80% of the time. The five rules of auction market theory are shown in Figure 41) If the price is accepted by the equilibrium range, it is likely to reverse to the other side. Price usually retests the edge of the equilibrium area before going in the opposite direction. (This is often referred to as a step back confirmation) 2) The price within the equilibrium range is expected to be rejected at the edge and become more volatile. 3) Once a price is accepted outside the equilibrium range, it is likely to become unbalanced and seek a new value - usually the point of control (POC) of the previous equilibrium range. 4) If the price has an obvious strong reaction at POC, Rule 1 is invalid. 5) If time/volume builds on the edge of the equilibrium area, this is likely a sign that price is about to be pushed further. Summary Market auction theory determines the balance and imbalance of the market by analyzing the distribution of trading volume at different price levels. It can provide new ideas for understanding market dynamics and market behavior beyond simple price behavior. Market auction theory emphasizes how market supply and demand and the interaction of market participants drive prices to form price ranges and unilateral trends. It provides a very valuable perspective to analyze market behavior. When used in conjunction with other analysis tools, market auction theory can help investors better plan entry and exit points.

Market Auction Theory

Translated from: https://tradingriot.com/auction-market-theory/What is market auction theory? Market auction theory explains the primary purpose of markets and the ways in which market participants interact to achieve this purpose. The main idea is that financial markets are no different from any other auction floor where buyers and sellers gather and interact on a daily basis. There are two main goals to be achieved here: 1) Facilitate transactions during a two-way auction 2) Find the fair value of an asset A two-way auction means that the end of the "up" auction will be followed by the start of the "down" auction, and vice versa. It is then represented by tools such as market or volume price charts. These bell curves (Figure 1) represent market fair values ​​within 68% of one standard deviation. An example of a practical application of market auction theory in financial markets. An example in the stock market, assume that the price of Samsung stock is $50 per share. Samsung launched a new phone, but the quality was poor, the battery didn't work properly, it overheated and exploded, etc. As a result of this incident, Samsung's stock price began to fall until it found new buyers at $30. This is where new value areas are formed. After a while, the phone is magically patched and repaired, and the stock price starts to rise again. Where are the places in the market that might stop rising? Previously around $50 value area. This is what every market ultimately does: market participants negotiate prices between balanced and unbalanced values. The market auction theory defines the area where 68% of the trading volume is located as the value area. There is also a point of control (POC) in the value area, which is the price level with the largest trading volume or the longest stay in the market. 1) Market charts represent value areas and control points based on time. 2) The volume price chart represents value areas and control points based on trading volume. Figure 2 can represent this value-seeking broadcast mechanism and price. Key components of market auction theory 1) Price - broadcasts opportunities in the market 2) Timing - regulates price opportunities 3) Volume - measures the success or failure of an auction. Volume measures the interaction of market participants at different price levels. Equilibrium and Imbalance In a balanced market, buyers and sellers agree on a price and are willing to buy/sell at the current price.Because they believe these prices represent fair value. A balanced market generally represents low volatility. Likewise, imbalance is the opposite concept of balance. An imbalance is a disagreement about fair value. Market participants behave more aggressively on one side, leading to market trending, where prices go out for a period of unilateral rise/fall. In general, the market is in a unilateral trend state only 20% of the time, and range-bound oscillations 80% of the time. The five rules of auction market theory are shown in Figure 41) If the price is accepted by the equilibrium range, it is likely to reverse to the other side. Price usually retests the edge of the equilibrium area before going in the opposite direction. (This is often referred to as a step back confirmation) 2) The price within the equilibrium range is expected to be rejected at the edge and become more volatile. 3) Once a price is accepted outside the equilibrium range, it is likely to become unbalanced and seek a new value - usually the point of control (POC) of the previous equilibrium range. 4) If the price has an obvious strong reaction at POC, Rule 1 is invalid. 5) If time/volume builds on the edge of the equilibrium area, this is likely a sign that price is about to be pushed further. Summary Market auction theory determines the balance and imbalance of the market by analyzing the distribution of trading volume at different price levels. It can provide new ideas for understanding market dynamics and market behavior beyond simple price behavior. Market auction theory emphasizes how market supply and demand and the interaction of market participants drive prices to form price ranges and unilateral trends. It provides a very valuable perspective to analyze market behavior. When used in conjunction with other analysis tools, market auction theory can help investors better plan entry and exit points.
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