Today, in the Alpha new coin segment, BN partnered with Aspecta to launch the BuildKey gameplay.

Simply put: it created a brief pre-market before the official opening.

The process is divided into three steps:

① Grab BuildKey

  • Only with BuildKey can tokens be exchanged in the final stage.

  • Purchase $BNB, the key lies in whether there is a hard cap.

  • With a hard cap: everyone benefits.

  • Without a hard cap: large investors can directly fill BNB without limit, while retail investors are basically diluted.

    (Based on the experience of the first event, the probability is without a hard cap, but let's keep some suspense.)

② BuildKey free trading

  • Similar to the pre-market.

  • The core focus is on investment research:

    • Price too high → Sell to lock in profits.

    • Undervalued → Obtain the third phase.

③ BuildKey token exchange

  • Cash-out moment.

  • After obtaining the tokens, it trades normally like regular Alpha new coins at opening.

📌 Key points from the official announcement:

  • To participate in the first phase, Alpha points are needed.

  • The distribution method is oversubscription, most likely without a hard cap.

⚡ Potential trading opportunity:

1/ Good news for BNB

  • The logic of the first phase is similar to the BSC presale back in the day.

  • Retail investors need to stock up on BNB in advance → BNB will rise in the short term.

  • Strategy: Consider going long on BNB before the first phase starts.

  • If you really want to participate, you can borrow BNB on-chain to reduce the wear and tear of holding spot.

    (By the way, borrowing rates will also spike in the short term.)

2/ Price difference in the second phase

  • Most people haven't played before and lack reasonable valuation.

  • It's easy to have low sell / high buy situations.

  • If the project's fundamentals are good, it's a typical cognitive gap buying opportunity.

In summary:

BuildKey = Pre-market model.

BNB will benefit, there may be arbitrage in the second phase.

If you want to participate, don't act like a retail investor; bring some research and strategy.