Binance has really been active and hardworking lately, frequently launching new products~
Binance just announced that it will list $GUN, which I think is quite interesting.
From the announcement, the total supply of $GUN has reached 10 billion, which is relatively large for a token. However, the initial circulation is only 6.05%, which is relatively low. This may help stabilize and increase the price in the early stages.
Moreover, Binance's method of distributing tokens through Launchpool is a good incentive for early participants, especially regarding the allocation of the reward pool, where the BNB pool's reward ratio has reached 80%. This is good news for BNB holders, and $GUN will likely have good market acceptance and liquidity.
However, I personally feel a bit regretful that the initial circulation of this project is still on the low side, which may lead to market supply tightness and consequently cause significant price fluctuations. Additionally, the token's use and actual application scenarios are not particularly clear at the moment, which may affect its long-term market value performance.
Now, talking about the restrictive terms, the requirement for KYC is a good thing in my opinion, as it helps improve the project's compliance. However, it may also limit the participation of some users who are unwilling to undergo identity verification.
Binance's listing of $GUN may attract many investors in the short term due to Binance's brand effect and the incentives of the Launchpool. However, in the long run, the price of $GUN will depend on whether it can achieve its set goals and find its unique position and application scenarios in the cryptocurrency market. I will keep an eye on it but also remind everyone to pay attention to investment risks, as the crypto market is unpredictable.
@cz_binance @heyibinance @binance @binancezh #币安
