Recently, Bitcoin reached a new high, contradicting many traditional financial bigwigs~
But you can't just keep pumping without doing any work, right?
With favorable policies emerging in the crypto space, there must be some solid projects that can be realized to justify this new crypto policy.
Today, I will focus on introducing to you the high-quality project carefully selected by C Labs for half a year: Balance!
According to information we obtained during due diligence in North America, A16Z actually invested in the seed round of the Balance project as early as the end of 2019.
However, because the crypto policy was not particularly friendly at that time, A16Z continued to heavily invest 27 million USD in the angel round only this year.
What background does this project have that makes A16Z so obsessed with it?
Because the Balance project was officially initiated by the international game companion giant Epal, it can be roughly seen as the Huya and Douyu of the US.
Epal itself is doing quite well in the gaming industry, being a leading player in the companion industry, so compliance is also quite sensitive, and they didn't take action when the policy wasn't favorable.
Now that the crypto policy is very favorable, high-quality projects with millions of users and deep collaborations with leading game companies will naturally be prioritized by A16Z!
Considering that A16Z also made significant contributions during Trump's election, and the clear advantage of the understanding king in the second half of the year, they are also more frequently taking action:
The Balance project is the second largest project among those led by A16Z, only second to Story.
Not only that, but we also learned that the project will have its TGE in January 2025, which coincides with Trump's inauguration as US president.
From this perspective, Balance is considered the first coin of the new crypto policy.
At that time, whether it's leading offshore exchanges or compliant ones like Coinbase in the US, they will all launch this project together.
Besides A16Z, other investors in Balance are also impressive:
Including mainstream public chains like Binance Chain, Solana, and Aptos, as well as industry giants like Marblex, Galaxy/Amber/IOBC/Animoca are all large institutions with independent leading capabilities, along with well-known market making institutions like DWF.
Among individual investors, we also saw executives from Riot Games, Marc Merrill, and Thomas Vu:
Including Steve Chen, the founder of YouTube.
We also learned that many executives from leading exchanges have invested in this project.
Such high-quality projects also give retail investors a fair chance to participate, which is through node sales.
The Balance project has a total of 100,000 nodes, with prices getting higher as time goes on. The price for the first 30,000 nodes is 599 USD, corresponding to an FDV of 71.88 million USD, which is below A16Z's cost price.
Every 100 nodes will increase in price by 0.8 USD, with the highest price corresponding to an FDV of 318 million USD, which is also considered kind.
Moreover, these nodes will start releasing token profits before Christmas on December 25.
In addition to the initially allocated tokens, nodes can also earn Gas fees generated from user interactions, which will be 100% sent to node users.
The token's corresponding returns are also long-term, starting to unlock on December 25, 2024, with the first year unlocking 36%, the second and third years unlocking 16%, and then halving every two years:
For example, the fourth and fifth years will be 8%, and the sixth and seventh years will be 4%, continuing to halve like Bitcoin.
If this project can make Web3 games achieve a status similar to that in the web2 industry, congratulations to all node purchasers, as they have found a long-term ticket~
To purchase these nodes, you need to go to the official website of Balance.fun, and the operation is relatively simple. The invitation code for the beautiful one is GC88888.
Compared to the nodes we have introduced in history, Balance has the strongest financing background, and currently, the returns of the leading node projects are still quite good~
What's even kinder is that the token distribution of this project is also very favorable to node users:
The VC share for this project is 15%. If we correspond A16Z's two rounds of 30 million USD to this ratio, the VC valuation is 200 million USD.
More importantly, the VC's tokens have a 6-month lock-up period, followed by 18 months of linear release.
Although the linear release period for node users is relatively long, because there is no lock-up period, they can retrieve 18% of the chips in the first half of the year, which is a very kind rule~
From the unlocking situation, for the first 6 months, only node users and market makers have chips in hand. Our node users are likely to break even before VC unlocking.
Finally, just a reminder, the discount code for the beautiful one is: GC88888!
Users who purchase nodes using this invitation code will receive full operational guidance.
