The weekend market was relatively boring, but BNB broke through 540. According to the lowest point of 400 US dollars on August 5, the rebound was 35%, which is a brilliant performance for a coin ranked third in market value. Since the market is boring, let's start with BNB today and talk about how to select targets.
Exchanges have always been a topic that cannot be avoided, and Binance, the company behind BNB, is undoubtedly the dominant force in the cryptocurrency world. From the price trajectory of BNB, a clear path to making money emerges, which is to firmly hold BNB. I held four-digit BNB when the price of BNB was in double digits, but I sold it before the price broke through. Looking back, it is the biggest regret. But now that the price of BNB is so high, is it still worth it for us to continue to firmly hold it? To be honest, I am not sure, and I only dare to configure a proportion of less than 10%.
However, starting with BNB, another clear logic for making money is to follow Binance. That’s right, you play whatever Binance promotes. BNB broke through from double digits to triple digits, thanks to the launch of the BSC chain in DeFi Summer. Even more powerful than BNB were Cake and XVS of the year, as well as countless DeFi projects and chain games. There are many examples of single projects with revenues exceeding one million.
However, Binance has done very few projects this year, and once they are directly listed on Binance, they are basically high-market value, and there is no big profit to be made. What is the most important thing to find successful experience from DeFi Summer? Keyword: "early stage". Even for successful Cake and XVS, if the timing of entry is wrong, not only will you miss the explosive period of 100-fold growth, but you will also face the fate of being trapped.
To sum up, only projects with the two keywords "Binance entry" + "early stage" have the potential to get rich. Next, how do we select? "Binance entry" can be met in many situations: Binance Labs investment, Binance's own work, Binance's heavy investment in promotion and creation, Binance's early cooperation, etc. "Early stage" means that it has not been launched on Binance, and it is best if there is no TGE yet.
At this point, let me recommend a project that serves as a case study – CARV.
CARV has launched an official task for Binance Web3 wallet. The project team has allocated 1 million tokens for the task. Binance is vigorously promoting Web3 wallet this year, so Binance will definitely conduct strict screening of cooperative projects. From this perspective, CARV deserves our attention. Second, CARV does not have TGE yet. I estimate that the total value of these 1 million tokens is between 500,000 and 1 million US dollars. It is a simple and crude way to distribute money.
Why is there such a valuation? The reason is that CARV has raised a total of 50 million US dollars in three rounds of financing. I think it will be easy to reach 500 million to 1 billion FDV after the token TGE, which corresponds to 0.5 to 1 US dollar per token. There are other reasons why CARV is being chased by capital.
CARV is a project focusing on the data track. Its purpose is to reconstruct the current underlying data model of the Internet through the CARV protocol, and to decentralize personal data using a modular approach, so that users can fundamentally master the various permissions of personal data and use them. In short, in the future, all the data we generate in Web3 will be grouped into a collection, and the ownership of this collection is ours. We can choose to rent or sell it and get profits.
At the same time, at the beginning of its construction, the CARV protocol will attract a large amount of data to feed and build the system. The participation process is a typical blockchain project cold start, and contributors can receive token incentive rewards.
In order to develop the CARV protocol, CARV has currently built two flagship products, CARV Play and CARV AI.
CARV Play is a Web3 game distribution platform and community. Gamers generate a large amount of data every day. This data is used to profile users, which is exactly what the CARV protocol needs. Players can experience happiness in these games that cooperate with CARV Play and receive economic incentives. It is reported that CARV gave a reward of 2 million US dollars in the first phase of the event, and the second phase currently underway also has 500,000 US dollars.
CARV AI is a product developed in conjunction with the most popular AI track. It provides assistance to Web3 players through AI technology, allowing users to enjoy personalized recommendations for games and communities, check airdrop qualifications, and discover reward-based tasks, making it easier for users to navigate the Web3 world. In turn, users can also gain incentives from CARV AI because this is also an act of generating data.
We predict that once the CARV protocol completes the reform of personal data, it will subvert the existing data circulation model and greatly release the commercial value of data. For us, spending some time and energy on this project will also have the opportunity to get a lot of returns. The key is that we don’t need to invest money yet. Capital heavy position + Binance cooperation + early stage of the project.
