#BINANCE
$THE CZ tweeted yesterday, followed by Binance announcing that $THE will be listed today at 18:00. Currently, its circulating market value is around 50 million USD. Some people believe it could reach 200 million, but actually, 170 million is locked for two years voluntarily by users. I believe once you understand, you will also choose to lock. Many people misunderstand it as another VC coin, but this coin is definitely a strategic layout behind CZ aimed at reconstructing the BNB ecosystem. I will briefly analyze this coin.
$THE is the ve33 model, known in Chinese as Flywheel 33. Unlike traditional DEX, the biggest feature of the ve33 model is that all income from the DEX goes to ve33 stakers. This makes the token a truly profitable token, unlike UNI and CAKE, which have useless tokens.
Here are a few innovative points.
1. In the provision of tokens for LP, the rewards distributed are no longer traditional DEX LP tokens, but are given directly in THE, avoiding impermanent loss. The APY for LP emissions is determined by votes from THE stakers.
2. Voting occurs weekly to decide the emissions for the next week. Some project parties can choose to bribe voters to increase their project's LP emission APY by adding bribes on the voting interface. Therefore, voter earnings include three parts: THE's inflation emissions, transaction fees, and project party bribes. Currently, the weekly voting earnings for THE are around 300,000 USD at a minimum (this is in an unknown situation).
Since its listing, THE has accumulated nearly 20 million USD in revenue. When market trading volume is active, it has previously reached up to 1.2 million USD per week.
Currently, the average locking period for THE stakers is 1.78 years, with a max lock of two years. This is basically equal to permanent locking. The locking ratio is close to 80%. The minimum annualized return for locked positions can maintain around 35-40% APY even at the lowest points of trading volume in a bear market. (Large funds prefer to lock in and earn interest after hedging).
At present, the most successful token of the ve33 model is Aero on the Base chain, with weekly earnings currently reaching 8 million USD. The circulating market value is around 800 million (total market value 1.7 billion). Currently, THE's circulating market value is about 50 million, with last week's revenue being 400,000. To reach the current market value of Aero, there is still about a 15-20 times increase expected. The characteristic of Flywheel 33 is that once it gets rolling (receiving support from the chain, similar to Base's Aero, last month BNB already invested in THE).
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$THE