Analyzing why the top sister is optimistic about stablecoins: As the leader of stablecoins and staking protocols on BSC, after receiving the $LISTA airdrop: Should I sell, and when should I sell?
The airdrop will start at 5 PM this afternoon and will be launched on Binance at 6 PM on June 20. Those who have previously participated in staking, hurry up and check if you have an airdrop: https://lista.org/airdrop
Analyzing why Yijie is optimistic about stablecoins: As the leader in stablecoins and staking protocols on BSC, after receiving the $LISTA airdrop: Should I sell, when to sell, or should I increase my position, and when to do so?
1. Why did Binance's Yijie support the stablecoin track during the AMA?
To understand where hot money will flow in the coming period and which venues are the safest, it is necessary to look at Binance's business classification.
Over the past seven years, Binance has focused on three things: gaining more traffic through branding, improving more trading scenarios, and enhancing the efficiency of traffic monetization while strengthening the brand.
We can categorize Binance's business structure into three segments, all of which ultimately serve trading, which is like fast-moving consumer goods; traffic is everything:
· Brand Building Business: Incubator Binance Labs, BSC Ecosystem Fund, Binance Research Institute;
· Traffic Expansion Business: Listing, BSC Ecosystem, External Media, Wallet, Binance Academy, Plaza;
· Trading Scenario Business: CEX, DEX, Derivatives, Binance Earn, Lending, NFT Platform, Launchpad, Launchpool, Megadrop, Stablecoins. All these business segments have developed very well, especially in brand and traffic building, providing strong reference for many brother institutions. However, from an infrastructure perspective, BNB Chain has not yet formed a commercial closed loop and is still looking towards Ethereum.
The on-chain ecosystem evolves particularly quickly, and the phenomenon of waves has always existed. But regardless of how the Web3 industry develops, project parties and users need to monetize, and monetization cannot be separated from stablecoins, which is closely related to all Web3 users.
Therefore, institutions believe that stablecoins represent a market with over 100 million users and are an important revenue-generating market.
BNB Chain has been developing stablecoin projects, such as:
· GrizzlyFi $GNHY, starting with stablecoin mining pools, planning to focus on stablecoin exchange and issuance later;
· Pancake IFO project Wombat, preparing to create a curve on BSC;
· ListaDAO, combining Maker DAO's over-collateralization and algorithmic stablecoin's Rebase mechanism, preparing to create a new stablecoin.
Among these three projects, only ListaDAO has not yet been listed. If stablecoins on BSC can succeed, then BNB Chain will gradually establish its own central bank like Ethereum, and at that time, BSC will have the capability to compete with Solana, naturally attracting traffic and trading.
2. About ListaDAO
Lista DAO is a hybrid algorithmic stablecoin built on the BSC chain, similar to Maker DAO. Unlike Maker DAO, Lista DAO adds liquidity staking and liquidity providers (LP) on decentralized exchanges (DEX), avoiding issues of fund freezing (fiat support) or value loss (algorithm) caused by price instability, which helps enhance capital efficiency and reduce the risk of fund freezing.
1. ListaDAO includes two types of tokens:
· lisUSD (stablecoin)
· LISTA (platform token, which is about to be listed)
2. LISTA is the governance token of Lista DAO, used for the following functions:
· Governance: LISTA token holders can vote on governance decisions of the protocol.
· Protocol Incentives: Users can earn LISTA tokens as rewards when borrowing lisUSD with collateral or participating in liquidity mining in the lisUSD and slisBNB pools.
· Voting: Users can lock their LISTA tokens as veLISTA and vote for the collateral they want to use to mint lisUSD and the liquidity pools they want to receive higher LISTA token emissions.
· Fee Sharing: Users who lock LISTA for veLISTA will also be eligible for fee sharing.
3. Token Economics and Price Estimation
The total supply of $LISTA is 1 billion tokens, with an initial circulation of 230 million tokens (23% of total supply).
· Binance Megadrop allocation: 100 million tokens
· Airdrop allocation: 100 million tokens
· Other releases: 30 million tokens
Based on historical data, projects initially launched on Binance had an FDV of 300 million USD, and the initial price of $LISTA is expected to be around 0.3 USD per token. The current over-the-counter trading price is 0.58 USD per token.
Referring to the stablecoin project $ENA launched on Binance in the first half of the year, with a total supply of 15 billion and an initial circulation of 1.425 billion, the over-the-counter trading price at that time was 0.675 USD. After Binance's launch, it not only did not get crushed by the airdrop but also rose against the trend, peaking at 1.48 USD (FDV reached 22.2 billion, MC reached 2.1 billion), an increase of 119% compared to the over-the-counter price.
Based on current popularity, the MC of $LISTA should reach over 100-300 million USD, with a listing price expected to be between 0.43-1.5 USD.
If the tokens you hold are from the airdrop, you might want to wait a bit to see if there are any higher points later. This is a project supported by Binance and is an important part of building a central bank on the BNB Chain.
PS: In addition to Binance, $LISTA will also be listed simultaneously on Bitget, MEXC, and KuCoin.