The price of $USUAL has been halved, and $BIO will inevitably experience a similar halving. There's no other reason,
the valuation is too high, and the market does not accept it. Holders who entered at 0.01-0.06 will continue to sell. Partners, be patient, and re-enter around 0.35.

$BTC The reason for the sharp drop in the market tonight has been found
. It turned out that the three major US stock indexes all fell sharply, among which MicroStrategy fell by 9%, triggering a collective plunge in cryptocurrencies. $BTC The price is around US$93,000, so you can buy it without thinking, and you won’t lose money!

$TRX Retail investors should not invest in Sun Yuchen's platform. Who can bear this humiliation?

What happened: Sun Yuchen is not very famous, so I wanted to experience his platform on a whim.

I added customer service Doris Lily. Since the transaction fee for ordinary users is as high as 0.2%, it is higher than Binance. So they have a rate discount for new accounts, but it is only temporary for one month. So I want to apply to fix this rate. Before I started investing, Doris repeatedly asked me how big the investment volume was. I just reported a number of 4000U. Who knew that Doris immediately turned her face, looked down on people, and drove the customer away directly, which shattered my three views.

Sun Yuchen, you are usually high-profile and seem to be very capable, but the company management is a mess. Doesn't Doris represent the style of your platform?

Who dares to come with such a hospitality?

$BIO What does this mean? Left and right? Or are you eager to protect the market?

$BIO The Curse Has Come

#BIO开盘 The last post complaining about Bio's ridiculously high valuation resonated with Binance users, and it became popular unexpectedly. This post continues to criticize it. 上篇链接

My last post pointed out what kind of bad consequences Bio's high valuation would have, and today's market immediately came true.

The price of $BIO 0.85 has been maintained from last night to the morning of January 4th today.

However, since noon, the wind direction has changed.

As many people in the square said, holding Bio at an ultra-low price of 1.2 billion is impossible not to sell and take profits, because the valuation is too high, if not now, when?

In the past 24 hours, Binance BIO/Usdt trading pair has reached an astonishing 667 million US dollars, plus the 80 million next door, and the data of two other companies, as well as other trading pairs, it is estimated that the total trading volume of the entire network is 900 million US dollars.

What concept? BIO's so-called "market value" is only 1 billion.

What does this mean, comrades?

It means that someone is desperately selling.

The long and short positions passed each other by and called each other idiots?

Binance Labs' value management of the Bio project was too bad, which hurt the hearts of the majority of users. The good news is that CZ, who is loved by the majority of fans, will take charge of Binance Labs after the new year. I hope that CZ will live up to expectations after his return and cut the cake fairly and fairly to respond to the support of the majority of Binance users.

$BIO This project makes me, one of the many retail investors of Binance, very unhappy.

Firstly, the valuation at listing is too high and absurd, with a market cap of 1 billion dollars for a high-risk startup. What qualifications does it have to deserve a valuation of 1 billion dollars! The community has gone through four or five rounds of financing, and the valuation was only a few tens of millions of dollars. Now it comes to Binance for listing and gets a valuation of 1 billion dollars, targeting the investor group primarily consisting of overseas Chinese.
Are you just taking care of your own people?

The consequence of this high valuation is that retail investors on Binance cannot make any money. Most people's buying price is between 0.75 and 0.95 dollars, and the amount of airdrops is too small, less than 3% of the total issuance, while previous projects had around 8%.


Meanwhile, holding 1.2 billion Bio tokens is only worth a few cents, and there are some opportunists; the way profits are distributed is not pretty at all.

You should know that not long ago, Usual’s pre-market trading price was 0.2-0.3 dollars with a valuation of 10 million. This project only saw its price rise after officially listing. Currently, $USUAL is stabilized at around 1 yuan, and retail investors are profiting.

Bio is different; it has a direct valuation of 1 billion dollars, which blocks the channel for price increases.

If genuine investors cannot make money, and everyone leaves the Bio project, it would be a blow to Binance's attempt to lead the DeSci track.

PS: Reviewers, please do not delete this post; I have already taken a screenshot.

#BIO开盘 Will American investors take over? I suddenly became interested in talking about Bio again.

Bio is an American project located in California. CZ and founder Paul had a good chat and invested in them. The management team's work experience is also all American.

The growth manager is Chinese at first glance. Strangely, $BIO was launched on Binance, Ouyi, Huobi and Gate at the same time today. You should know that these platforms are the main battlefields for Chinese and overseas Chinese. Foreign platforms such as Coinbase and Kranken are not on them.

These four platforms will be launched at 6 o'clock Beijing time tonight, which is exactly 5 o'clock in the morning in New York time and 3 o'clock in the morning in California time. When we invested, Americans were just sleeping, so we had to wait 5 hours after 11 o'clock in the evening Beijing time to see whether American leeks are interested in this project. At that time, we will see the price of Bio.

Another bold guess is that because BIO is currently exclusively invested by Binance Labs, and the three Chinese platforms next door have all launched bio, peers are enemies. If Bio operates well, does it mean that their venture capital will follow up and give a positive effect?

The opening market price of the coin #BIO开盘 is about 0.7 yuan.
Let's review the valuation of Bio.

It is known that each bio is worth 0.7 US dollars, the airdrop volume is 100 million, and the participating airdrop funds are 14.4 billion, totaling 10 days, so the annualized return of Binance users is just about 20%!

This return is exactly the return of Binance's previous airdrops.

In other words, for users, Binance has already calculated it for you. It will not give you meat or vegetables, but some broth. The annualized return of 20% is just this delicious broth.

Bio rushed to 1.47 US dollars at the opening, and then cut in half. You should know that Binance users hold 100 million bios, and the cost price is 0.7 US dollars. However, there are as many as 1.2 billion bios with a cost far lower than this price. This is the biggest resistance to the rise of bio.

Some people bought it at 0.88 yuan on a third-party platform. In fact, there is no need to panic. Hold it patiently. If you hang the price at 1 US dollar, you will get out of the trap sooner or later.

Because from the perspective of game theory, Bio is currently the only venture capital investment of Binance, and it is the only child of Binance. The platform will always let users make a little money.

If users can't make money, then this project will also be abandoned, and the subsequent development of the DeSci track will also be out of the question.

$BIO to discuss the Bio listing price again

Officially launched on Binance tonight at six o'clock, this coin is currently destined to be in a state of crazy overvaluation.

The total funds participating in the Binance airdrop are 1.4 billion USD, and the amount of Bio airdrop is 100 million. If calculated based on a daily annualized return of 30~40%, then the airdrop yield is 1%, resulting in a total return of 140 million USD.

If valued according to the Binance airdrop amount: 1.4/1≈1.4 USD each;

If calculated with a daily annualized return of 20%, then the airdrop yield is 0.5%, resulting in a return of 70 million USD/100 million≈0.7 USD.

If valued according to the total circulation, it would be 1.4/13=0.10 USD. Currently, the Bio recharge channel must have been opened, meaning that the other 1.2 billion Bio can be sold on Binance.

If the value of Bio is indeed 1.4 USD, then the total circulating market cap of this startup is 1.4*13≈1.82 billion!

However, recently, the newly listed stablecoin Usual only has a circulating market cap of 470 million, while DeSci is still in a new track that has not been built by the market...

A big question, is Bio really worth 1.8 billion?

Currently, the futures price of Bio is 0.87 USD, valued at 0.87*12=1.044 billion.

What kind of world is this? Really can't handle it anymore.

Binance hurriedly launched AI contract trading features on the eve of Bio's launch, it seems they are going to lift Bio up heavily.

Friends, what do you think, at what price will you get in? #BIO将上线币安

Is the market for $USUAL not following the usual path? I've been observing, but Ususl's control seems too blatant?

The entire market is rising, yet you are falling?
When other altcoins are dropping with the market, you are instead rising?

What kind of strange operation is this?

If the operations always take such artificial and untrustworthy actions, losing everyone's trust, a good hand will eventually be ruined by you!

If the listing price of $BIO exceeds $0.2, I will not buy it!

Once again, based on the airdrop situation of Bio, I roughly estimated the fair price at which Bio will be listed, and I feel that Binance users are likely to become the bag holders.

As of December 28, there are a total of 0.18 billion BNB mined, worth 0.18 billion * $700 ≈ $12.6 billion + FDUSD mining capital totaling $1.5 billion = $14.1 billion.

Calculating at a yield rate of 1%, the total yield is $14.1 * 1% = $1.41 billion.

The number of Bio airdrops is only 100 million, but the project previously sold a considerable amount of tokens in private placements, with a total spot liquidity of 1.3 billion, so $1.41/1.3 = $0.10.

In fact, during the private placement auction, the project team sold at a price of $0.03 - $0.06.

Looking at the recent Binance airdrop projects, many people have tasted the sweet fruit and are caught up in FOMO.

Bio belongs to the DeSci track, and Bio is an experimental product of CZ's idealism. The probability of successfully landing DeSci research results is extremely low, and the risks are significant. It is highly likely that Bio will be in a ridiculously overvalued state.

In summary, if the listing price of Bio exceeds my estimated price by too much, with a maximum limit of $0.2, I will not buy it.

I advise fellow cryptocurrency enthusiasts not to blindly chase prices to avoid becoming someone else's bag holder.

The coin #币安LaunchpoolBIO had two auctions held in November by the project team in advance, selling a total of 660 million coins, of which 330 million can be listed for trading immediately, and the remaining will be unlocked after one year.

This time, the Binance airdrop has an airdrop amount close to 100 million. However, the initial auction price was between $0.03 and $0.06 each. What does that mean?

Our cost for participating in mining is approximately between $0.17 and $0.34, a figure I calculated myself.

This means that the holding cost for those who participated in the auction is far lower than what we have in mining on Binance, how can we compete with that?

By January 3rd, when $Bio officially goes live, the coins obtained from the auction will have doubled in value.

The later participants take over from the earlier ones.

Old Zhu, do you have any research on Binance's new project Bio? It looks very impressive, a project supported by CZ.

$USUAL It was so hateful tonight. I sold 6,000 chips. At 11:16 pm, I received news that usual received $10 million led by Binance and Kraken Ventures, and Okx Ventures also followed suit.
Shenzhen announced good news in the middle of the night, which shows that the operation of this project is very treacherous.

The project team of $USUAL has given a boost. I inquired a bit, and it turns out that this project team is also an experienced player in the B circle. 1 dollar should be the bottom line for the major player; if the price stays below this for a long time, it will shake many people's confidence, and eventually, this project will fail and not succeed. One downside of this project team is that they hide behind the scenes and do not communicate with investors.

$USUAL is currently declining mainly due to the sentiment of the overall market.

When $USUAL was born, it coincided with Powell's speech and the U.S. Christmas downturn, influenced by the drop from over $BTC 10 million to 92,000, with ETH following a 25% decrease and many altcoins dropping by 30%, such as ADA.

At first, USUSL rose against the trend for more than a day; in fact, the enthusiasm from investors in this project is very high, but it is just unfortunate that the timing is not right, affected by the overall environment, and some investors are questioning this project. Unfortunately, we haven't seen the project team come out to explain in the face of doubts.

Originally, stablecoin RWA was a very popular track, and Binance has also invested in many projects in this area.

Next, it depends on the operational capability of the project team. With the French character, is Mr. PERSON's team still on vacation this weekend?

It's urgent now, the Germans have taken Paris, where are the people?

The buying power of the Americans is really strong. Just looking at these two coins, $XRP and $ETH , they are completely dominated by American funds. During the day, these two coins plummeted, and by night, it was daytime in America, John and Mary woke up, and the prices were quickly pushed up.

XRP is really a resilient coin that won't die easily. Despite multiple fluctuations during this period, it has managed to hold steady around $2.2.

ETH, many institutions entered at $3600, and once the price drops just above $3000, it quickly rebounds. Let's see how the market behaves after Christmas and whether it can once again validate the observations above.

#币安Alpha项目公布 Binance launched Binance Alpha, whose idea is it? He Yi can take this person out and behead him.

Since the 'Trump trading' market, star products like the MeMecoin with $DOGE have emerged.
$SOL The mm coin on the public chain is the most active, and Sun Ge's SunPump is also following the trend. He even jumped on the bandwagon and bought a banana, but ironically, this banana did not heat up, and the 6.5 million dollars went down the drain.
Not everyone has the positive influence like Musk.

Undoubtedly, catering to a part of the speculative market by launching meme coin services will bring some traffic and revenue.

However, Binance launching Binance Alpha completely lowers its own standards.

We know that meme coins have no actual application value; they are just fun and provide emotional entertainment, but emotions come quickly and leave just as fast. Even CZ himself has questioned meme coins in his posts, but out of pressure from some users, he changed his tone to explain. In fact, at his current level, he could be a bit more individualistic and stand firm. Things without actual application value are simply worthless.

It can be said that meme coins are just air, just gambling, and are not without scams. As the largest exchange, Binance should have a baseline when reviewing new coin listings, as Binance carries the mission of cryptocurrency being a serious financial industry.

But now? Binance also wants to make quick money. In fact, you have already made enough; you are making money hand over fist, and there is no need to care about this little traffic and revenue.

Launching a gambling-type trading platform will attract some scam projects, and they will use your brand to harvest users. By creating a meme coin trading platform, aren’t you putting yourself on the same level as Sun in terms of scamming?

If we stretch the time frame, let's say five years from now, I am not optimistic about $ETH , even though I bought quite a bit of EHT this time. The reason is simple: its gas fees are too high!

In the past few days, the most discussed topic with my friends is $USUAL . He originally wanted to withdraw some USDC to deposit on the usual website, but he kept complaining about Ethereum's gas being too expensive. Tonight, I also intended to withdraw some $USDC to ususl, but as soon as I saw Binance's Ethereum gas, I was suddenly silent, 7.5u! Transferring once costs a full 50 RMB.

I had to give up this transaction.

May I ask, in this era where mobile transfers in traditional banks are free, what do the web3 cryptocurrency practitioners who claim to innovate and disrupt traditional finance think of themselves?

The transfer fees on Ethereum are so high that the transaction costs make users feel hurt. Given time, it will surely be eaten away by public chains with lower costs and comparable functions, or even replaced.

We'll see!