Overview of the Binance Alpha Project Launch on August 18
1️⃣ RICE AI originated in 2019 and is a robotics company headquartered in Hong Kong. In 2024, it decided to issue a token to expand its blockchain and decentralized AI ecosystem; the project is supported by well-known investors such as FLOKI, DWF Labs, and TokenFi. RICE AI is the first Most Valuable Builder (MVB) project of the 10th phase to issue tokens on Binance Alpha.
- Launch date: August 18, 2025; subscription time is from 4 PM to 6 PM
- Event type: Binance Wallet exclusive 34th Token Generation Event (TGE), through the PancakeSwap platform.
- Total token supply: 1 billion tokens, initial circulation 18.7%
- IDO pricing: Initial price is $0.0075, current pre-market price is 0.049
2️⃣ Reservoir (DAM) is a decentralized finance (DeFi) stablecoin protocol aimed at providing a stablecoin ecosystem centered around rUSD through multi-asset collateral and cross-network native mint and redeem functions.
- Financing situation: Completed $14 million financing in August 2025; specific investors are not disclosed.
- Team information: Not disclosed; the market refers to it as a 'three-no' project (team, financing details, background information is opaque), requiring careful risk assessment.
- Spot trading: August 18, 2025, at 19:00
- Futures trading: August 18, 2025, at 20:30 launches DAMUSDT perpetual contracts, supporting up to 50x leverage.
- Users holding at least 200 Alpha points can claim 320 DAM (current pre-market price 0.128, valuation 40u)
- Trading platform: Binance Alpha as the primary launch platform, also launching on MEXC exchange.
