On December 26, 2023, Binance announced the launch of the 42nd new coin mining project Sleepless AI ($AI). Users can then invest BNB, FUSD, and TUSD into the AI mining pool at 8:00 (East 8) on December 28, and receive $AI token mining rewards within 7 days. Given the current good overall market conditions, we expect the opening price of $AI tokens to reach 320 million to 400 million US dollars, corresponding to a price of about 2.5U to 3U.
Project Introduction
1) Basic Introduction
Sleepless AI is a Web3+AI companion game platform that uses AIGC and LLM to create story-based gameplay and real-time interaction with characters, allowing players to gain emotional support while experiencing the game. Sleepless AI is also committed to using artificial intelligence and blockchain technology to bring unprecedented innovation to the gaming industry. Sleepless AI was named one of the best projects in the sixth incubation project of Binance MVB in August 2023.
2) Product content
Sleepless AI's first HIM&HER companion game provides male and female players with a rich selection of AI companions and the following experiences:
· AI-driven real emotional communication: Sleepless AI is committed to providing real emotional communication through AI dialogue, AI voice and other experiences that simulate interaction with real people.
Customized Experience: Users can customize their experience by selecting a preferred partner with specific qualities, such as being unusually gentle or incredibly lovable.
Gamified Entertainment: Users can enjoy a gamified experience by dressing up their virtual companions, changing their costumes, feeding them, participating in PvP battles, and receiving rewards through card draws and mystery boxes.
High user engagement: The game seamlessly integrates into the user’s daily life, similar to checking the weather. Daily companion features help increase user engagement and make it an important part of their daily life.
3) Game scene display
HIM and HER are the first companion games launched by Sleepless AI.
After the player completes the basic registration, there will be more than 10 companion characters to choose from, each with its own unique personality and characteristics. Once the type is selected, the character will become the player's SBT (Soul Binding Token), which is exclusive to the player and cannot be traded. As shown in the figure below:
Users can interact and talk with their AI companions in real time, such as sharing daily life, pictures and voice, etc. to increase intimacy. As shown in the figure below:
In the game, players can interact with their AI companion characters at a deeper level, and can also create a companion that better suits their preferences, including matching clothes and feeding food, to further increase the bond between the user and the player. The accessories, accessories, and clothing that players buy for their characters can increase their benefits in PVP battles. As shown in the figure below:
Other features in the game include mysterious blind boxes (where you can get random items), mini-games (where new interactive games are added), etc.
Financing History
Sleepless AI is one of the outstanding incubation projects of Binance MVB Phase 6.
Sleepless AI completed its latest round of financing on December 16, 2013, led by Folius Ventures.
As of today, Sleepless AI has completed three rounds of private token financing, raising $3.7 million and selling 18% of its tokens. The latest valuation is $200 million, with investors including Binance Labs, Foresight Ventures, and Folius Ventures.
Team Information
The team information is not public. According to known information, the team founded Web2 Game Studio in the second quarter of 2019. Judging from the game quality and experience, the team should have rich experience in game/animation production.
Token Economy
Sleepless AI’s token economic model includes two tokens: the governance token $AI and in-game diamonds.
1) Governance Token $AI
$AI Token Features:
1. Recharge discount: $AI holders can use in-game tokens to enjoy recharge discounts
2. In-game purchases: $AI can be exchanged for in-game tokens, which can be used to buy clothing, accessories, upgrade cards, etc.
3. Governance: $AI token holders can vote on game governance decisions, including limited consideration of in-game item upgrades, or decisions on future accessories and new character appearance types.
4. Staking: Users who stake $AI can earn transaction fees based on their weights
5. Stake to participate: Users stake $AI to participate in the competition, and the winners will receive more rewards.
$AI tokens open for circulation:
2) In-game diamonds
Community Situation
Sleepless AI Twitter: 73K; https://twitter.com/SleeplessAI_Lab
· HIM Gaming Twitter: 124.6K; https://twitter.com/HIMAIBF
· Sleepless AI Telegram: 76K
· HIM Youtube Subscriptions: 333
Token listing performance prediction
Binance Launchpool Historical Performance
From the figure below we can see the performance of Binance’s recent tokens launched through Launchpool and Launchpad. We can see that the recent Launchpool launches have performed well. After the start of Q4, the opening returns of the three tokens MEME, ACE, and NFP were significantly higher than previous projects.
Funding comparison:
The opening circulation of $AI tokens is 13%, corresponding to 130 million tokens. The latest valuation of the project is 200 million US dollars, corresponding to 0.2 US dollars per token. According to the current valuation, the opening circulation market value is 26 million US dollars.
From the perspective of funding, the projects in the last two phases are more referenceable. According to the average opening transaction volume of the last three Launchpool projects, it is 450 million US dollars. If the opening transaction volume of $AI token reaches this value, according to the circulating market value of 26 million US dollars, the turnover rate is about 17.3x. In addition, the average increase in the opening circulating market value of the projects in the last three phases is 30.4x, corresponding to an average market value of 287 million US dollars. If the opening of $AI token reaches this circulating market value, the corresponding price is about 2.2 US dollars.
If we refer to the Binance borrowing cost, the BNB mining cost of $AI is 2.45U, so we can preliminarily predict the bottom price of $AI to be 2.2-2.45u.
