Coin Name: RIVER
Launch Time: Expected to launch on September 22
Eth : 0xda7ad9dea9397cffdDAe2F8a052B82f1484252B3
BSC:0xda7ad9dea9397cffdDAe2F8a052B82f1484252B3
Initial Circulation: 19.6 million
Total Circulation: 100 million
Listing Exchanges: MEXC BITGET, ALPHA
Project Background: The RIVER project will launch on September 22 via Binance Alpha's innovative BuildKey TGE mechanism, with strong BuildKey demand (first hour $77M BNB deposited, 770 times oversubscribed). The project is positioned as a cross-chain abstract CDP stablecoin system, with a current TVL exceeding $400 million. Based on historical data from Binance Alpha, the expected first-day increase is a median of 41%.
Core Products and Technology
RIVER is positioned as "the next $10 billion on-chain bank", with core products being cross-chain abstract stablecoin engines:
Technical Architecture: Based on LayerZero OFT standard, users can deposit collateral on Chain A and natively mint satUSD stablecoin on Chain B without cross-chain bridges
Product Matrix: satUSD stablecoin + satUSD+ (staking yield tokens) + smart treasury (40% APR cap)
Market Performance: Integrated with over 30 protocols, TVL exceeds $400 million, satUSD circulation exceeds $100 million
Token Distribution:
Project
Numerical
Instructions
Total Supply
100 million RIVER
Fixed Cap
TGE Circulation
19.6 million (19.6%)
Low Circulation Rate Strategy
TGE Sale Ratio
4% (4 million tokens)
Sold exclusively through BuildKey
Distribution Mechanism
Ecosystem Incentives: 40% (ensuring long-term growth)
Team: 15% (12-month lock-up period)
Reserve Fund: 21%
Seed Round: 10%
Project Financing Amount: Seed Round $2 million May 2024
IDO Price: Unknown
BuildKey TGE Mechanism Analysis
Innovative Issuance Model
Three-Phase Model:
Subscription Phase (September 19): Users lock ≤3 BNB to obtain BuildKey, threshold 209 Alpha Points
Trading Phase: BuildKey traded in the joint curve pool, price once surged 800%
Redemption Phase (September 22): Each BuildKey can be exchanged for 20 RIVER tokens
Cross-Chain Bridge: Not found, if any friends have found it, please send it to me
