#BNB #Launchpool #Launchpad #MAV #Pendle

Binance launched the Launchpool of the PENDLE project only 20 days after it launched the Launchpool of the MAV project on June 13.

On June 5, the SEC sued Binance and CZ. Subsequently, the price of BNB fell from around 300U to a low of 220U. The SEC's lawsuit made the entire Web3 industry feel extremely pessimistic.

On June 13, Binance announced the launch of MAV’s Launchpool, and the price of BNB increased from 235U to 250U.

Binance will launch the BNB automatic destruction mechanism at the beginning of 2021: The BNB "automatic destruction" mechanism will replace the "quarterly destruction" to add more transparency and predictability to the BNB community. The new automatic destruction mechanism is objective, verifiable, and cannot Then linked to the profits of Binance exchange. It will automatically adjust the amount of destruction based on the BNB price, reflect the supply and demand relationship of BNB, and calculate the number of blocks produced in the quarter based on the information on the chain. Specific calculation formula:

Let’s review the price of BNB 10 days before the destruction. On April 4, 2023, the price of BNB was 308 US dollars. Then it was destroyed on April 14, with the highest increase of 42U and the increase ratio of 13.6%.

At this time, the BTC price was 27,800U, and then on April 14th it also rose to 31,000 US dollars, an increase of 11.5%.

Regarding Binance's re-release of the Launchpool product at this time, 9niu Web3 Research Institute analyzes the specific reasons as follows:

  1. New projects are needed to empower the BNB ecosystem and stabilize the BNB price

  2. BNB will be destroyed in mid-July, and it has a certain market popularity

  3. Reshape Binance’s market reputation and give the market confidence

Our opportunities at this time are:

1.0 Risk Participation: TUSD Participates in Launchpool

2. Low-risk participation: Buy or borrow BNB to participate in Launchpool

3. High-risk participation: long BNB (highly not recommended)

risk warning:

At present, the case between Binance and the SEC has not yet concluded. New negative or positive news may appear at any time, and the market is difficult to predict.

Opportunity Tips:

  1. Currently, there are 2 Launchpools opened at the same time, and there will definitely be a huge amount of BNB locked for 5-25 days.

  2. BNB quarterly automatic destruction starts in mid-July, which is good for the market

  3. The Binance Launchpad project may also be announced next.

Next, you all must know how to participate and how to kill two birds with one stone, so I will not explain in detail here.