🔆[July 16 Binance Alpha TGE-Hyperion]

Key points stated upfront:

Aptos ecosystem leader (Prince), data performance is impressive, first phase of the new TGE model

Subscription time: July 16, 16:00 ~ 18:00

New model interpretation:

Binance TGE adopts a new model called Bonding Curve, which can be simply understood as a Dutch auction. It uses a dynamically increasing function curve within a certain range, where the price rises with the purchase volume until sold out. The price at TGE is relatively low, and with Binance's new TGE model in its first phase, there is a high probability of not losing money.

Data performance:

Hyperion is the leading DEX in the Aptos ecosystem, with TVL/trading volume/fee income ranking first in the ecosystem, and its volume ranks 13th across all chains, second only to Curve. Recently, the volume has been experiencing explosive growth, and the data looks quite good.

Financing situation:

Led by Aptos and OKX Venture, the amount has not been disclosed. OKX has been busy with compliance matters over the past year and has invested very little. Receiving investment from OKX is a significant recognition of the project.

Valuation and market cap comparison:

The initial supply is about 20%, with an airdrop of 5%. It is speculated that the allocation for Binance's TGE is around 0.5%.

Cetus, the leader of SUI, had a valuation of around 500 million before the hack. The Aptos ecosystem is similar to the SUI ecosystem. This prince TGE can bring attention and liquidity to the ecosystem, providing a good opportunity to kickstart the growth of returns. Price and valuation are very important for the overall development of the ecosystem, and I believe this TGE performance will not be poor.

If the valuation is 300 million, the market cap is 60 million, and the price is around $3 (for reference only).

If the valuation is 200 million, the market cap is 40 million, and the price is around $2 (for reference only).

The starting price will surge upward; it depends on how much the TGE price is.