Once the document is published, we know that it is likely divided into two stages. Today, those who scored high are still enjoying it. The two hundred U's are just a small amount, and this will be earned back in no time!!!

Today Binance ALPHA launches PROVE, the listing is expected to be in the evening, let's wait for the official announcement!!!

Project Introduction: PROVE (Succinct) aims to build a decentralized zero-knowledge proof (ZK Proofs) network, connecting proof demanders (such as Rollups, cross-chain bridges) with computing power providers to offer verification services for blockchain applications.

Team Background: Core members with backgrounds from MIT and Stanford (CEO Uma Roy, etc.), founded in San Francisco in 2022, focusing on lowering the barriers to ZK technology.
Investment: Led by Paradigm, with participation from Robot Ventures, Bankless Ventures, and angel investors like Polygon co-founders.

Total token supply is 1 billion, with an initial circulation of 20% (200 million); Binance's announcement shows a circulation of 19.5%, which is close to the white paper.

Token Allocation:
Institutions—10.5%
Team—29.5%
Community and Marketing—25% (15%)
Foundation—10% (5%)
Ecosystem—25%

Chip Distribution:
Project party chips (Foundation + Community Marketing) 12%, long-term distribution 1%, initial selling pressure 7%;

Seed round $12 million + Series A $43 million, totaling $55 million, with 10.5% of tokens allocated, corresponding to an FDV of about $520 million, with a cost price of about $0.52.

Estimated Revenue:
Current pre-market price is $1.2, conservatively guessing. Assuming Binance Alpha takes 0.4%, distributing a total of 4 million tokens, shared among 30,000 people, each receiving 133 tokens, corresponding to a token price of $0.6, valued around $80, specific values will be updated once announced, please follow for continuous updates.

Positive Factors: High financing amount (ZK track receiving attention), just launched on Binance spot market, high expectations.

Negative Factors: Many airdrops, need to monitor releases; extensive marketing promotions, potential speculation risks; current price (like $1.2) is relatively high compared to costs, caution against selling pressure and pullback risks.

(The overall selling pressure of the project is still smaller compared to TOWNS, specific operations depend on the actual launch situation.)

PS: Someone just mentioned that my estimate led them to sell early, I truly have no words to express my frustration. I've always said to choose based on market conditions, including when to exit under what circumstances; I've explained this before, and my estimates cannot analyze the spot market like analyzing it for several days. The estimate is just the short-term airdrop value upon listing, not an assessment of the project's long-term value!!!

#币安Alpha上新