Optimize Your Profits with Particle Network - Layer1 Project Analysis
1. What is the Particle Network Project?
Particle Network is a Web3 infrastructure platform focused on chain abstraction, aiming to simplify user and developer experiences in the blockchain ecosystem.
Launched in 2022, it began as a Wallet Abstraction provider, enabling smart wallet creation via Web2 social logins. It has since evolved into a Layer 1 (L1) blockchain, introducing Universal Accounts-a unified system allowing users to manage assets and interact across multiple chains with a single address and balance. The Particle Chain, its L1 blockchain, serves as the backbone for these multi-chain solutions.
2. Key Highlights
⇢ Chain Abstraction: Particle Network addresses fragmentation in Web3 through Universal Accounts, Universal Gas, and Universal Liquidity, eliminating complexities in multi-chain interactions.
⇢ Multi-Chain Support: Supports over 70 chains, including Bitcoin ecosystems and EVM chains, with over 20 million UserOps and securing assets worth over $2 billion.
⇢ User Experience: Integrates social logins, removing technical barriers like seed phrases, making Web3 accessible to newcomers.
⇢ Advanced Technology: Uses Universal Accounts for cross-chain synchronization and Universal Gas Token for flexible gas payments.
3. Project Team
The Particle Network team is led by Pengyu Wang (CEO) and Tao Pan (CTO), both with extensive experience in mobile app development and blockchain. With prior backgrounds in mobile gaming, they bring deep insights into user experience and blockchain innovation.
4. Products
Particle Network offers a range of products for developers and users:
⇢ Universal Accounts: Unified accounts for managing assets and interacting across chains with a single address.
⇢ UniversalX: A chain-agnostic dApp enabling cross-chain trading, asset aggregation, and gas payments with any token.
⇢ BTC Connect: The first account abstraction protocol for the Bitcoin ecosystem, enabling BTC wallets to interact on EVM chains.
⇢ Particle Auth & Connect: Tools for social login and Web3 wallet connection, simplifying wallet integration into apps.
⇢ Particle Wallet: A built-in smart wallet supporting token and NFT management.
5. Fundraising
Particle Network has raised over $25 million across multiple rounds:
⇢ Pre-seed Round (2022): $1.8 million.
⇢ Seed Round: $7 million.
⇢ Series A: $15 million, led by Spartan Group and Gumi Cryptos Capital.
6. Backers
The project is backed by leading investors:
⇢ Spartan Group
⇢ Gumi Cryptos Capital
⇢ Animoca Ventures
⇢ LongHash Ventures
⇢ Alibaba Group
These backers provide financial and strategic support, aiding Particle Network’s ecosystem expansion.
7. Tokenomics
The native token, $PARTI, is central to Particle Chain and its ecosystem:
⇢ Total Supply: 1,000,000,000 PARTI (fixed).
⇢ Initial Circulating Supply (at Binance Listing): 233,000,000 PARTI (23.3% of total supply).
⇢ Utility:
- Staking & Governance: Holders can stake and vote on ecosystem proposals, shaping network development.
- Universal Gas Token: $PARTI serves as the native gas token, settling fees across chains via Universal Accounts.
- Universal Liquidity Token: Acts as a payment and intermediary token for liquidity providers (LPs) in cross-chain atomic swaps, earning fees.
- Deflationary Mechanism: The emission schedule is designed to ensure long-term token scarcity.
8. Detailed Hodler Airdrop
Particle Network’s airdrop program includes:
⇢ Token Name: PARTI.
⇢ Genesis Total Supply: 1,000,000,000 PARTI.
⇢ Maximum Token Supply: 1,000,000,000 PARTI.
⇢ Hodler Airdrop Rewards: 30,000,000 PARTI (3% of max supply).
⇢ Additional Marketing Allocation: 30,000,000 PARTI for future campaigns (released in batches) 6 months post-listing, with details to be announced.
⇢ Circulating Supply at Binance Listing: 233,000,000 PARTI (23.3% of max supply).
⇢ BNB Holding Cap: User’s average BNB holding / Total average BNB holding * 100% ≤ 4% (capped at 4% if exceeded).
Learn more Introducing Particle Network (PARTI) on Binance HODLer Airdrops
9. Token Unlock
Specific details on the token unlock schedule are not yet disclosed. However, Particle Network is likely to adopt a gradual unlock to avoid sell-off pressure, with allocations for the team, investors, and community.
10. Roadmap
Particle Network’s roadmap is divided into three phases:
⇢ Permissioned Ecosystem (Q1 2025): Focus on building core apps like UniversalX—a chain-agnostic Mainnet dApp for cross-chain trading. Plans to launch two more chain-abstraction apps for key use cases.
⇢ Collaborative Ecosystem (Q3 2025): Partner with major ecosystem players to integrate Universal Accounts into existing and new apps in verticals like AI, trading, and stablecoins.
⇢ Permissionless Ecosystem (Q1 2026): Enable any ecosystem participant to integrate Universal Accounts without permission. Public chains and dApp developers can deploy UA for seamless integration with Particle Network.
Overall assessment
Particle Network stands out as a promising Web3 project, addressing chain fragmentation through innovative chain-abstraction solutions like Universal Accounts, Universal Gas, and Universal Liquidity.
Led by an experienced team, it has secured over $25 million from top-tier investors like Spartan Group and Animoca Ventures. The $PARTI token offers versatile utility (governance, gas fees, liquidity) and a well-defined roadmap (from permissioned to permissionless ecosystems by 2026) reflects a long-term vision.
However, investors should closely monitor token unlock schedules and mainnet execution for potential risks. With its potential to expand the multi-chain ecosystem and enhance user accessibility, Particle Network could become a significant player in the blockchain space.
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