With the arrival of this bull market, Bitcoin has entered a consolidation phase in recent days and is currently hovering around $95,000. According to current market signals, this round of bull market has entered the second stage. The main players and funds have withdrawn from Bitcoin to second-tier mainstream coins. WLD, XRP, and ADA have performed well recently. Next, the focus of the currency circle will be on the secondary mainstream. The space above these mainstream coins is limited. If you want to ambush potential projects during the bull market, you still have to start from the primary market.
What is the primary market?
The primary market is the digital currency before the secondary market; the secondary market is what we call currency speculation; centralized exchanges such as EURUSD and Binance belong to the secondary market. The primary market is before the coin is listed on the exchange, and the subscription is made in advance through the release quota given by the project party. Of course, you need to understand whether the project has practical application, whether the background of the project is strong, how the investment institutions and other hard conditions are used to judge whether the coin has potential after it is launched. Today, I will recommend two primary projects with good mechanisms, high popularity and strong strength!
NO.1 Bitcoin staking track leader project--Babylon
Babylon is a project that uses a "self-limiting" solution to achieve "trustless staking" of BTC. The "staking certificate" is used for the "security layer of the POS chain" to obtain "revenue". Its most important significance is to solve the security of Bitcoin and activate Bitcoin. This is also an important task of the Bitcoin ecosystem. The emergence of Babylon can break this deadlock. It can slowly activate the idea of these BTC holders to use BTC and gradually cultivate this habit.
Babylon three chains in one, bright future
Why is he so promising? It is based on Babylon's excellent "technical and narrative background".
1. COSMOS Chain: Babylon is rooted in Cosmos. The concept of "security sharing" also comes from Cosmos, and it uses Cosmos's IBC inter-chain communication. For the Cosmos chain, it is inevitable to embrace the security brought by Babylon, and it will also bring new vitality to the Cosmos system.
2. BTC chain: Babylon’s positioning target is the BTC chain. As mentioned above, Babylon can gradually activate the use of BTC in the BTC network. When holders gradually adapt to this way of making money, it will become a habit and they will be more closely integrated with Babylon.
3. ETH chain: Babylon’s concept is “same” as Eigenlayer’s, but due to the difference in the BTC network, Babylon has achieved self-custody, surpassing Eigenlayer in this regard. If you regard ETH as a test chain for BTC, then Eigenlayer can even be considered an experimental product of Babylon in some dimensions (this is just my opinion, pay attention to the premise). Moreover, for EVM-based chains, it is not impossible to introduce assets such as BTC that are “higher quality” than ETH.
Babylon's total funding approaches $100 million
On May 22, 2023, Babylon announced that it had completed an $8 million seed round of financing, led by IDG and Breyer Capital.
On December 7, 2023, Babylon announced that it had completed a $18 million Series A financing round, led by Polychain Capital and Hack VC.
On February 27, 2024, Binance Labs announced that it had invested in Babylon for an undisclosed amount.
On May 30, 2024, it announced that it had completed a US$70 million financing round, led by Paradigm and with a total of 30 institutions participating.
As of June 1, 2024, Babylon has disclosed multiple rounds of financing with a total amount exceeding US$96 million.
Babylon has many investors
Babylon has many investors, including Binance, EURUSD, Sequoia and many other well-known investment institutions.
Project Summary
Project name: Babylon
Track: Bitcoin staking track
Expected exchanges: Binance, EUR, Zhima, Huobi and other major exchanges
Estimated time: December 24
Estimated launch price: 15-50u
Current subscription price: you886574
Release mechanism: lock up for one month, then release all
NO.2 DappOs that has launched Binance web 3 tasks
As an intention execution network, dappOS redefines the way users interact with decentralized blockchain systems, eliminates the complexity of direct blockchain interaction, and provides an excellent and smooth user experience. This extreme approach puts dappOS at the forefront of the Web3 movement and is expected to reshape the industry in a huge way.
The project was founded in 2022 and was selected into the Binance Labs incubator in the same year and received investment support from Binance Labs. This year, we also completed the latest round of financing, the Series A financing led by Polychain Capital. The team currently has about 40 people, spread all over the world, most of whom are technical developers.
The core features and main functions of DappOS:
Intention Execution Network: DappOS allows users to directly implement their intentions without having to manually handle complex intermediate steps by creating an intention execution network. This means that users only need to define what they want to achieve, and the DappOS network will take care of the rest.
Key features:
1. Intentional assets: Allow users to earn income while holding assets, improving the liquidity and potential returns of assets.
2. Intent Transactions: Reduces financial friction in blockchain transactions by automatically finding the most cost-effective transaction path.
3. Intent-centered DApp interaction: Eliminates the complexity traditionally associated with DApp usage, allowing users to focus more on their intended outcomes.
Through its innovative approach and strong partner network, DappOS is poised to become a leading project in the Web3 space, driving widespread adoption of decentralized technologies.
Funding of DappOs
DappOS has completed 3 rounds of financing in total.
In November 2022, dappOS was selected for Binance Labs' fifth season incubation program, and received Pre-Seed round of financing from Binance Labs on June 20, 2023, but the specific amount of financing was not announced.
On July 21, 2023, dappOS completed its seed round of financing with a valuation of US$50 million, led by IDG Capital and Sequoia China, with participation from OKX Ventures, HashKey Capital, etc.
On March 28, 2024, dappOS completed a $15.3 million Series A financing round with a valuation of $300 million, led by Polychain, with participation from Nomad Capital, IDG, Flow Traders, IOBC, NGC, and others.
Project Introduction
Project name: DappOs
Project track: web3 intention asset track
Project valuation: $300 million
Online time: Expected to be December 24
Total Tokens: 1 billion
Expected listing: It is expected to be listed on Binance (currently Binance Web 3 tasks have been launched), EURUSD, Zhima Kaimen and other major exchanges
Release mechanism: After one month of lock-up, 50% will be unlocked, and the remaining 10% will be released every month.
Good projects should not be missed. Babylon and dappos recommended in this article are both explosive because they have practical applications and high market popularity. They are expected to be listed on major exchanges. After listing, they will have greater liquidity and greater potential!
Investment is always accompanied by risks. If you want to reduce the risk, quickly follow me, let's communicate and discuss! I am Lei Ge, code name is Wenjian! I have been focusing on the cryptocurrency circle for seven years. In-depth research on primary projects and secondary markets. Learn more about high-quality primary project information and secondary buying and selling point recommendations. Just to escort your investment in the cryptocurrency circle!