The 35th annual list of global billionaires published by Forbes has once again refreshed the general public’s understanding of cryptocurrency. Taking advantage of the bull market, nine representatives of the encryption industry are listed on the Forbes Global billionaire list. This good news undoubtedly pushes the digital asset industry to the top of the market and also defeats analysts’ prediction that the encryption market is approaching the end of the bull market
According to PlanB, the creator of the S2F model, the current S2FX model and on-chain signals indicate that the crypto market at this stage is far from reaching the top of the bull market. Such news is indeed a great benefit for investors in the industry, but at this stage, most of the projects in the market are mixed, which are dazzling investors and make them unable to start. They can only be wait-and-sees. In addition, the projects of each track are uneven, and there are many fake stock that “hiding” in the bull market, which indirectly led to the real wealth being buried in the bull market.
This article will select representatives of high-quality projects in the crypto market and get a glimpse of the newest gem hunter.
Project 1: Centralized Wallet Representative: Math Wallet
Math Wallet is a blockchain platform centered on multi-chain, cross-chain, and asset Hub. Its products include: Math Wallet (it supports more than 60 public chains such as BTC, ETH, Polkadot, Filecoin, Solana, Binance Chain, etc.). It’s customers exceeds 1.2 million), MATH VPoS Pool, Math DAppStore, Math Staking, Math Custody, Math NFT, MathChain, MathHub, MathDEX, MathID, MathPay, etc.
Total: 200 million
Circulation: 124,712,328 (62.36%)
Market value in circulation: $383,393,317
Coinmarketcap rank: 135
Math Wallet ranks high in the field of centralized wallets and is among the best. It has a large community, supports the public chain with high speed, and the DApp goes online very fast. Math Chain has a strategic layout in the smart chain, privacy storage, DApp item code encryption, cross-chain asset exchange, cross-Rollup protocol, vaults, DID, etc. MathHub the mainnet will be launched in the second quarter of 2021 in cooperation with BSC. With 64.61% of the circulating volume in staking, the annual additional issuance of MATH is only 1 million, and the actual circulating volume on the market is only about 20% of the total.
Using the VPOS mechanism, users deposit BTC, ETH, EOS, USDT to mine MATH, and release 82191.78 MATH every day from September 26, 2019 to September 25, 2021. Starting from September 26, 2019, it will be halved every two years. 10% goes to MathChain Treasury and 90% goes to the miner. The current release amount was 44,630,136.54 MATH.
Fenbushi Capital，Alameda Research，Binance Labs，Fundamental Labs，Multicoin Capital，NGC Ventures，6Eagle Capital，Amber Group
Token usage: transaction fees, cross-chain information fees, management, wallet service fees.
Destruction mechanism: All transaction fees produced by Math chain will be destroyed.
Additional issued token: Additional issued MATH will be put into the VPoS mining pool.
Fenbushi Capital, Alameda Research, Binance Labs, Fundamental Labs, Multicoin Capital, NGC Ventures, 6Eagle Capital, Amber Group.
MATH is currently at a high price point. Since January 2021, the price has increased by 500%, and the price has increased by 100% in the last month. The turnover rate has soared from August to October in 2020, which also shows that the main funds have completed accumulation at around $0.3 to $0.5, and there has been a 6 times increase in the previous period.
Math Turnover Rate and Price:
Project 2: Synthetic Asset Representative: Linear Finance
Linear Finance is a cross-chain compatible decentralized synthetic asset protocol. It is mainly used to synthesize large commodities, market indicators, foreign exchange and other assets in the traditional financial industry, and put them on the chain for digital currency holders to trade.
Total: 10 billion
Circulation: 3.09 billion (31%)
Circulation market value: 510 million
Coinmarketcap rank: 218
Linear Finance has cooperation with Huobi, Alameda, and other institutions, which will help it increase its popularity in the blockchain field in a short period. CMS can help LINA to issue off-chain assets on-chain. In addition, the Linear Finance project is located in the synthetic asset field, which is in line with the future trend and has great potential for further growth. The good news of synthetic assets will pump the market.
The Linear Finance project has relatively small private and public offerings, only 9.28% of the funds raised, and it is about to usher in a period of lower unlocking and lower selling pressure.
In terms of the project team, the members have much blockchain entrepreneurial experience and strong backgrounds. Initially listed at Huobi, Linear Finance gets support from Binance Launchpad with Alameda possibly responsible for market making. The current momentum has moved from a rush to a stable stage, and there is a possibility of skyrocketing.
Token distribution and release:
LINA is Linear’s native functional token. Specific use cases are as follows:
1. Governance: LINA token holders will be able to vote on the subject of the agreement, such as a list of synthetic assets, fee collection and distribution, mortgage rates, and other Linear improvement suggestions.
2. Staking: LINA token holders can stake their LINA tokens into the agreement to produce USD, which can be used to purchase synthetic assets on Linear Exchange, as well as other DeFi protocols. The person who created the USD is eligible for rewards and a portion of the transaction fees generated on the Linear Exchange.
Lock-up: 1.1 billion LINA
Token holders: 32,445 people
Listing: Binance, huobi
Price and turnover rate：
LINA has issued large exchanges twice at around $0.08, which should be a move of opening position, and then issued a large amount of exchanges as soon as listed on Binance at a high price. Some people have already sell and left, but there are still many holders. The price is now around 0.12.
Founder Drey Ng: Hong Kong Institute of Computer Science, Deutsche Bank Researcher, HSBC Bank Researcher, DAO Venture Founder/Liquefy Founder
Founder Kevin Tai: Harvard School of Business Management, Standard Chartered Bank, Credit Sussie, Mirae Asset
Technical Responsible Jincheng Lei: Founder of DueDEX
Community Responsible Dawns Xu: Near Litentry Findora Bifrost MXC Community Responsible
Advisor Adrain Lai: Liquefy CEO
Huobi Global, Alameda Research, CMS, world-renowned foreign exchange margin providers, MoonRock, NGC, Hashed, Kenetic.
Linear Finance’s team and consultant share (15%) have been unlocked in March of 2021, and 1.875% will be unlocked every quarter. The next unlock date is June 19, 2021, and the price has exceeded the public offering price by more than 30 times. It is hard to tell whether the price is already at a low level, and there may be the next decline. In addition, the compliance problem of off-chain synthetic assets still exists.
Project 3: Privacy Network Representative: HOPR Protocol
HOPR is a protocol that allows users to run peer-to-peer private network nodes. It can send data through the network without exposing metadata. Metadata can be described as the object of sending and receiving data, the sending time, the amount, the address, and so on. HOPR Protocol can not only ensure the encryption of the information content but also ensure the privacy of the sender and receiver’s identities, with a high degree of product innovation. From the perspective of product design, Hopr is divided into a payment layer and a network layer. The payment layer is used for node rewards, and the network layer is used for information and node encryption.
Circulation: 10 million
Market value in circulation: US$8.7 million
HOPR Protocol belongs to the privacy field and has a certain degree of innovation in technology. It serves the public chain Layer1 and has a great market prospect. The circulation rate of its token HOPR within 6 months is 13%, that is, namely no unlocking within 6 months. The actual circulation in the exchange is 10 million, and the circulating market value is 8.7 million US dollars, which is equivalent to the price of LBP. From the perspective of circulation rate and market value, the project has great growth prospects.
The initial circulation of HOPR in the first 8 months was only 13%, and most of the release came from public offerings. The market liquidation to August is only 13%, giving the project party more time and space to management market value.
The public offering is released in three stages. The average cost of the first stage is 0.05, and the average cost of the second stage is 0.5–0.7.
The third stage is released through liquidity mining, and the overall average cost is 0.6. The current price is 0.87, and the circulating market value is at 100 million U.S. dollars. Compared with the large market, the price is underestimated.
A brief analysis of Math, Lina, and Hopr projects
From the perspective of the blockchain browser, the total circulation of the exchange is 10 million, that is, the circulating market value is 8.7 million U.S. dollars.
Price and turnover rate
HOPR Protocol has a high turnover rate in the initial stage of its launch, and most of the chips are changed hands at 0.85. The current price is 0.87, and HOPR Protocol has been sideways for a month. The price of HOPR is basically maintained at 0.7–0.9. Although the external market is volatile, the price of HOPR itself is very stable. It can be seen that most of the current users are holders. Recently, the project has also been launched on the LBank exchange simultaneously.
The core member of HOPR protocol team is Sebastian B ü rgel. Sebastian majored in bioelectronics when he was a doctor. He graduated from the Federal Institute of technology in Zurich, Switzerland, with a solid scientific research foundation. He has great influence in Sebastian, Switzerland, and once served as CTO of validity labs in Switzerland. He is the person with the most publicity on the team, and the rest of the team participates as part-timers.
The team structure of HORP Protocol is very single, which can only rely on its founder. The organization is scattered and lacks the basic organizational structure to become a big project. For privacy technology projects, the team is the key to the success of the project. Therefore, from the perspective of current project organization structure, operation, market, and ecology, the future of the project is unclear, unable to expand effectively, lack of operation methodology, slow ecological expansion, especially the cooperation with public chain projects; compared with the layer0 ecology, there is big gap.
The above analysis comes from the daily notes of project analysis of the secondary investment and research team of LBank. For sharing only, not financial advice.