BNB Chain doubles down on Bitcoin ecosystem: Exploring four promising "new shovel" projects
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BNB Chain doubles down on Bitcoin ecosystem: Exploring four promising "new shovel" projects
The IEO moment of the Bitcoin ecosystem.
Navigating Web3 tides with focused insightsAuthor: Kaori
Editor: Zhang Wen
Last night, Binance announced the launch of a new token mining project, Sleepless AI (AI), causing BNB to briefly surpass $300 with a 24-hour gain of 11.98%. At the same time, projects within the BNB Chain ecosystem also experienced broad price increases.
A few days ago, rumors circulated in the community that Binance's Web3 wallet would integrate with the inscriptions market, triggering a rebound in inscription prices. While there is still no official confirmation, market performance suggests that BNB Chain's push into the Bitcoin ecosystem is clearly underway.
Currently, the entire Bitcoin sector remains in a phase of explosive new project launches. Offering early access to these projects is one of the fastest ways for crypto users to capture market growth. BakerySwap serves as BNB Chain’s initial step into the Bitcoin ecosystem, but given the high level of attention and continuous emergence of new projects and protocols, it’s clear that BNB Chain—and Binance—won’t stop here. BlockBeats has compiled a list of other promising projects within the BNB Chain ecosystem worth watching, for reader reference only.
Dego Finance (DEGO)
On December 25, NFT+DeFi aggregator Dego Finance announced the successful testing of the beta version of its BRC20 Launchpad. Following the announcement, its native token DEGO surged past $4.2, rising 64.1% within 24 hours.
Yesterday, Dego Finance also launched a DEGO staking program, stating that the Launchpad rules will be released within the next seven days.
Table showing DEGO staking duration versus early staking rate; Source: Dego Finance official documentation
LeverFi (LEVER)
On December 27, decentralized leveraged trading platform LeverFi announced the launch of its BRC20 Launchpad platform, LeverPro. After the announcement, LeverFi’s native token LEVER rose to $0.0025, gaining over 50% in 24 hours.
According to official documents, LeverPro plans to launch three projects in the near term, focusing on protocols involving stablecoin collateralization, BRC20 asset lending, and AMM swaps and liquidity mining.
LeverFi’s 2024 roadmap also mentions its commitment to advancing the BTC and BRC20 ecosystems, including launching the LVR token as a BRC20-tradable asset and developing DeFi solutions (lending and AMM) within the BTC ecosystem.
Bitcoin Cats (1CAT)
Bitcoin Cats, a Bitcoin-based gaming project, was BakerySwap’s first Launchpad project. Since then, each new launch on BakerySwap has allowed participation using both BAKE and 1CAT, continuously adding value to Bitcoin Cats. With the upcoming third Launchpad round, the price of 1CAT surged again, up 80.96% in 24 hours.
On December 25, Bitcoin Cats announced the launch of its "1CAT Golden Shovel Program," allowing participants to earn partner ecosystem tokens by staking 1CAT tokens. The first partner project is BitLand. Users can stake 1CAT tokens on the official website to mine BLLB tokens. The event starts this weekend, lasts two months, and offers a total reward of 500 million BLLB tokens, representing 5% of its total supply.
According to official statements, 1CAT is not only the primary asset in the Bitcoin Cats game but will also serve as a "golden shovel" granting access to a broader ecosystem. It will be further integrated into the game’s mechanics, offering users diversified rewards.
NFPrompt (NFP)
On December 20, Binance launched its 41st new token mining project, NFPrompt (NFP). NFPrompt is an AI-powered user-generated content (UGC) platform designed for Web3 creators and was one of the incubated projects in Season 6 of Binance Labs earlier this year.
Yesterday, NFPrompt announced it will launch an AIGC inscription platform and marketplace on BNB Chain. By building infrastructure connecting AIGC and inscriptions, NFPrompt will become the first platform enabling users to easily mint and trade special inscriptions. It will also provide a marketplace to facilitate the exchange of these inscriptions while maintaining fairness in distribution and trading.
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