Many people entered the cryptocurrency circle with the intention of making a fortune, but after a year or two, they found themselves busy every day, researching new projects every day, but they just didn't make any money, and some even lost all their capital.
To sum it up in one sentence: In Web3, I work harder than a high school student, but I just can’t make any money.
This situation is not only felt by users, but also in other functional areas. For example, institutions have endless money to invest every day, exchanges have endless coins to list every day, media have endless information to push every day, and players have endless projects to watch every day...
There are also many project owners who like to sell technology to users right from the start, putting a bunch of technology stacks in the interactive process, making users feel that the project was made just to make you praise their technology, and there seems to be no other highlights. Isn't this a waste of users' time and money? It's so uncomfortable.
After the above complaints, we have to talk about something serious, otherwise it would be a waste of readers’ time.
1. In Web3, do users really need to understand all the technologies?
From the user's perspective, the decision of whether to join a project is actually very simple, mainly:
How much investment is needed?
How much expected profit can it bring me?
How much time does it cost?
How safe is it? What is the probability of running away?
Don't train me, the simpler the better
This is easy to understand, just like when you go to a bank to buy financial products (brokerage firms or Alipay are also OK), the account manager will give you a form with the following information: entry threshold, investment duration, annualized rate of return, and a very short introduction to the investment target...
For example, if a client manager tells his financial client: The target you want to invest in is energy (analogous to Depin in Web3), rare earths are imported from Mongolia, and they are extracted through self-developed technology. This technology is very powerful, let me tell you about it... The client manager talks to you for 2 hours with great enthusiasm, and then tells you that this is our study manual, take a look first to see if you can understand it, and feel free to ask me if you don’t understand...
Well, you came here to invest, just wanting to choose the one with the highest return among several investment targets, but you are forced to learn a professional technology that has nothing to do with you. In such a situation, will you give your account manager a big fight?
The phenomenon of being indoctrinated with professional technology, product frameworks, code logic, etc. happens all the time in Web3. New projects and new concepts appear every day, and each project party uses its technology and concepts as selling points to convey to users. The core sector of expected rate of return is taken carelessly.
The result is that users are forced to learn the technical framework, and half-understandly think that the project has good prospects, so they go all in without thinking, and finally leave with losses.
Users spend a lot of time researching projects, which means they are looking for evidence of expected returns, and they don’t care about project technology. However, many projects themselves don’t know where the profit point is, so naturally there is no way to infer user returns.
Is there any section that directly tells users the expected returns?
The answer is yes. Liquidity staking (LST), LSD, LRT, etc. in DeFi/CeFi can directly tell users the dynamic annualized rate of return. DeFi/CeFi is also the sector with the largest capital carrying capacity in the cryptocurrency circle, and it is also the sector where users can directly see the expected returns.
DiscusFish shared an article titled "Earning $100 Million from $1,000 Principal" a few years ago. Although the times have changed, it is still very useful. The article will be divided into 4 stages. The first stage introduces users with less than 100,000 Us. They should do more airdrops of core Defi projects and whitelist mint of popular NFT projects...
The most certain one here is DeFi, but there are so many DeFis now, and the yields vary. Users have to spend a lot of time comparing different websites. When they find a good project with a higher annualized rate, they worry about security issues.
At this time, a one-stop staking platform is needed. This platform is similar to a DeFi store. It lists all staking projects, staking thresholds, time, returns, etc. Users only need to collect this one-stop platform.
There were many such one-stop platforms before, like this:
But many of these platforms are created by entrepreneurs who have no good endorsements, resulting in a very limited number of users, and they eventually become information platforms.
Is there any platform that can meet the requirements of good endorsement, high security, and finally revitalize the entire ecosystem?
This question could not be answered before, but it can be answered today. It is true:
2. BNB XYZ in-depth analysis
1. Project status
BNB XYZ is a one-stop on-chain staking platform for BNB. The project is in its very early stages and the official Twitter account has less than 1,000 followers, making it a super early stage project.
After seeing the news from Lvdong, I went to check their official Twitter account. At first, they only had over 600 followers. I thought I had entered the wrong account, until I saw Lista DAO and BNB Chain followed them. When I saw them, I felt that it was OK. At least 60% of the probability can be ruled out that it is a scam. The security is not a problem. Of course, BNB XYZ is a platform that mainly displays BNB Chain's staking projects, which seems to have nothing to do with scams.
2. Is BNB XYZ the hao123 of the BNB staking project?
Judging from the BNB XYZ concept and the completed page, this is indeed the case. BNB XYZ is the BNB staking project hao123.
He will list most of the staking projects on BNB Chain, so that users can directly see the entry thresholds and APRs of all projects, solving the first problem of users' investment projects: how much do I need to invest? How much expected return can it bring me?
In terms of convenience, BNB XYZ is more like the BNB staking project hao123. Users can directly access all BNB utilities on BNB XYZ and no longer need to enter the project across multiple platforms to invest.
In addition to the main functions mentioned above, BNB.xyz integrates staking, liquidity staking, re-staking, etc., it also integrates basic functions such as Launchpool, megadrops and Hodler airdrops.
It is simply the hao123 of DeFi on BNB Chain.
This is also normal. There are so many projects on BNB Chain, and Binance Labs' investment in DeFi accounts for 22%. Each project has its own user group. The release of a functional platform like hao123 will allow high-quality projects to flow back to each other, which is good for $bnb.
3. BNB XYZ was suddenly launched. Is there any plan by Binance?
The good thing about Cryptodog's investment research is that it does not copy and paste official documents here, which is a pure waste of readers' time. Cryptodog's investment research is mainly through a news flash or an announcement, which can quickly think of the correlation behind it, and thus find out which coins it is beneficial to.
From the perspective of BNB XYZ core contributors, the launch of BNB XYZ is of strategic significance.
1. BNB XYZ is simply used as Hao123 for BNB pledge, which is good for BNB, as explained above.
2. Activate ListaDAO, a stablecoin on BNB Chain
Binance really loves ListaDAO, and all kinds of benefits are leaning towards ListaDAO, such as Binance’s previous announcement: holding $slisBNB can participate in Launchpool, Megadrop and HODLer airdrops.
This is a manifestation of the Cefi+Defi model forming a closed loop. Currently, no public chain can achieve this.
What does this have to do with BNB and BNB XYZ?
Don’t forget, $slisBNB is generated by staking BNB to ListaDAO. $slisBNB has been confirmed by Binance to enjoy the same asset treatment as BNB. Whatever BNB can do, $slisBNB can also do on the chain.
As an on-chain platform, the first thing BNB XYZ needs to do is to seamlessly integrate with ListaDAO to allow more users to participate in $slisBNB.
3. Activate staking, re-staking and other DeFi on BNB Chain
LSD/LRT has been a hot topic in the past 10 months. It seems that it is all about Ethemun, but in fact there are many staking and re-staking projects on BNB Chain. After so long, many projects lack liquidity.
Since the frequency of information coverage is very high now, it is often the case that users cannot see the incentive activities launched by old projects. Therefore, there is an urgent need for a vertical platform to supplement projects that lack liquidity through information aggregation.
It can also be seen from BNB XYZ’s future plans that BNB XYZ plans to activate DeFi on BNB Chain
4. BNB Chain has gradually established its own central bank and now needs more information and platforms
In my previous article: "Analysis based on why I am optimistic about stablecoins: As the leader of stablecoins and pledge protocols on BSC, should I sell it?" I have analyzed:
Why BNB Chain has been keen on developing stablecoin projects? Because BNB Chain plans to gradually establish its own central bank like Ethereum. By then, BSC will be able to compete with Solana, and traffic and transactions will naturally come.
The background at that time was that ListaDAO tokens had not yet been launched, and the popularity of the stablecoin project previously developed by BNB Chain had passed. As long as ListaDAO was successful, the concept of BNB Chain’s central bank would be established. At present, ListaDAO has been established, so the closed loop of BNB Chain’s central bank has been established.
Now BNB Chain needs traffic. Only with continuous traffic can there be liquidity. They have developed many Internet celebrities on social media to bring traffic, but if they want a continuous traffic pool, they have to rely on information platforms. BNB XYZ came out in this context. Through the information platform, it activates DeFi, the largest funding carrier of Web3, and creates more liquidity for BNB Chain.
Final Thoughts
BNB XYZ is a one-stop on-chain staking platform for BNB. It is still in its early stages and has less than 1,000 followers. However, it is backed by three big players: Lista DAO, PancakeSwap and BNB Chain. It is expected to have good market performance in the future.
