Coralphone is dedicated to protecting your privacy and security while helping you gain airdrops through a web3 phone

- Basic Information: Incubated and invested by Binance Labs, established in Dallas, Texas in 2020. It is the first mobile ecosystem designed for a multi-chain ecosystem, aimed at providing seamless multi-chain cryptocurrency management, decentralized applications, and a full-chain gaming experience, becoming the ultimate entry point into the Web3 ecosystem.

- Product: The first Web3 phone, CoralPhone, will be launched in 2024, operating on Coral OS 1.0 (based on Android 14), equipped with specific hardware parameters.

- Team: Members include CEO Bunmi B, CMO Tobo C, and many others, covering professionals from various fields.

II. Market and Competition Situation

- Market Dynamics: The Web3 phone market has potential, with fierce competition among industry leaders, attracting attention from institutions, public chains, and exchanges.

- Competitive Comparison: Compared to traditional phones and Solana SAGA, CoralApp has advantages such as decentralization, support for multiple chains, multiple application scenarios, and expected airdrop earnings, with delivery expected in December 2024.

III. Ecosystem

- Collaborative Projects: Collaborating with 150 high-quality crypto ecosystem projects on public chains, expected to reach over 3000 in the future.

- Ecosystem Alliance: Includes numerous partners working together to promote development, with a million airdrop plan.

- Ecosystem Roadmap: Different ecological collaborations, airdrops, and function improvement plans in each quarter from 2024 to 2025, such as strategic cooperation with BNB Chain.

IV. Economic Model

- Token Distribution: Includes various distributions such as seed round investors and strategic investors, with a total issuance of 1 billion Coral tokens.

- Airdrop Plan: The Coral UBIS mechanism ensures fairness, with the first phase of airdrops starting on December 1, distributing Coral points based on different user ranges that can be exchanged for Coral tokens, along with details on Depin mining economics.