The prosperity of the bull market depends largely on two main factors, the influx of external capital and the enhancement of internal capital leverage. Influential financial entities like BlackRock play a key role in driving outside capital, especially with expectations that a Bitcoin spot ETF could be a game-changer for the crypto market.

In 2020, benefiting from the innovative promotion of DeFi Summer, a number of CEXs have successively launched the new coin mining function, which is a new gameplay that combines IEO with DeFis liquidity mining. When CEX launches new projects, users There is no need to spend money to raise funds. You can obtain new assets by pledging the assets specified by the trading platform. Compared with spot transactions, the cycle for listing new coins is shorter, and the return on investment is more amazing. Therefore, platform coins were once known as the golden shovel for acquiring new assets.

Subsequently, innovative DeFi applications such as LSD and Restaking on Ethereum surged, but the Bitcoin ecosystem has yet to see large-scale similar financial applications. At present, Mingwen has successfully entered the secondary market from the primary market. The next step is to think about how to use the market popularity of Mingwen to continue to empower Bitcoin ecological financial facilities.

BlockBeats has sorted out a batch of new golden shovels in the current market, which are currently continuing to inject capital leverage vitality into the encryption industry, especially the Bitcoin ecosystem.

Bitcoin Ecosystem “Golden Shovel”

Bounce Brand（AUCTION）

Bounce Brand (formerly Bounce Finance) is a decentralized auction protocol that integrates liquidity mining, decentralized governance and staking mechanisms to provide users with the ability to create and participate in various types of transactions on multiple blockchain networks. Auction capabilities.

On November 12, Bounce Brand completed the Launchpad of the bridging protocol MultiBit (MUBI). The IDO unit price was US$0.00047, and 88 ETH were raised. During this period, the return exceeded 80 times. On November 29, Bounce Brand launched the public sale of BSSB, the cross-chain DeFi protocol Bitstable project token based on Bitcoin; on December 4, BSSB exceeded $1.6, with a 24-hour increase of 89.58%, a record high.

These two successful token auctions made the crypto community realize that Bounce was well prepared. On December 1, Bounce Brand launched BounceBit, a DeFi solution designed for the Bitcoin ecosystem that will be based on Binance Bitcoin (BTCB) and powered by AUCTION. BTCB is a BEP 2/BEP 20 asset pegged 1:1 to Bitcoin and locked on the Bitcoin blockchain, allowing Bitcoin holders to participate in the DeFi ecosystem while maintaining their Bitcoin investment.

On December 15, Bounce Brand launched a new Launchpad project, which is the DID service platform Bdid (BDID) on BTC L2. There are three participation modes, which are to use AUCTION to purchase lottery tickets for the lottery, to use AUCTION to pledge and obtain the distribution amount in proportion, and to use the stable currency DAII to pledge and obtain the distribution amount in proportion. After the auction, BDID was listed on Uniswap, and its DEX trading volume exceeded $12 million.

Today, Bounce Brand issued an article saying that Bounce Launchpad will soon use the kill two birds with one stone strategy to launch token issuance, with two independent teams jointly issuing one token. The identity of the project is kept confidential, AUCTION and BitStables stablecoin DAII are used to participate, and there are two auction pools. Affected by this news, the price of AUCTION rose sharply, with a 24-hour increase of 47.5%. As of press time, the currency price was US$37.82.

TurtSat（TURT）

TurtSat plays a very similar role to Bounce Brand. It is a newly born asset issuance platform. It is a community-led Ordinals open platform. Its mission is to become the Gitcoin of the Ordinals world. Anyone can build and donate to the Ordinals ecological protocol through Turtsat. Participate in the ecological construction of Ordinals and benefit from it. Its native token is TURT.

Since its launch, the TurtSat platform has launched a number of projects (BRC 20 asset protocol CHAX, BRC 20 cross-chain bridge MUBI, Ordinals aggregation platform NHUB, Ordinals lending platform DOVA, Bitcoin ecosystem game platform RAIT, etc.). These projects are It is an early BRC 20 infrastructure construction platform and has performed well since the launch of the project.

Related Reading:TurtSat: Incubating the BRC-20 Experiment that increased $MUBI by 10 times, how far can the IDO platform focusing on the Ordinals ecosystem go?》

In early December, TurtSat announced the launch of the staking system TURT POOL. According to TurtSat, this will be a new way for users to participate in project launches on the TurtSat platform, which balances fairness and efficiency. It will also effectively prevent robots from using scripts to plunder large donation shares, allowing TURT holders to participate and obtain their rewards. rights.

After the user completes the TURT pledge, TURT POOL will record the number of pledged tokens and the pledge time (block confirmation time/network confirmation time) of the corresponding address in real time, and calculate and release EGGS in real time. EGGS is a brand new asset issued by TurtSat. The application scenarios of EGGS include but are not limited to project launch voting, direct exchange for cooperation token gift packages, etc. Perhaps in the future, EGGS will become an important way to exchange for whitelist credits for new projects.

BitStable（BSSB）

BitStable (BSSB) is a decentralized asset protocol based on the Bitcoin network that allows anyone, anywhere to generate DAII stablecoins against collateralized assets in the Bitcoin ecosystem. BitStable has a dual-token system and a cross-chain compatible structure, and its tokens are DAII and BSSB.

DAII is a US dollar stablecoin issued by BitStable. The total supply of DAII is 1 billion. Users can obtain it by staking ORDI or MUBI on the BitStable official website. The project team has also issued some DAII on Ethereum, which can be purchased directly.

With the great success of BitStables Launchpad on Bounce, DAII has also become more involved in more related projects of Bounce. As mentioned earlier, staking DAII is one of the options for participating in the Bdid (BDID) Launchpad on Bounce, and for the latest Launchpad on Bounce, you can also choose to qualify for participation by staking DAII.

BSSB is the governance token of the platform. The community uses it to maintain the system and manage DAII. BitStable will also incentivize BSSB holders through dividends and other measures. The total supply of BSSB is 21 million, of which, in addition to 50% being publicly sold on Bounce Finance, the team will hold 5% of BSSB (6-month lock-in and 15-month linear unlock), and the airdrop quota will account for 3.5%, staking rewards account for 36.5%, LP accounts for 5% (locked indefinitely).

MultiBit（MUBI）

MultiBit is a bridge protocol that emerged in May this year to connect BRC 20 assets to the EVM network, allowing users to seamlessly transfer tokens between the ETH chain, BNB chain and BTC network.

MultiBit simplifies the process of transferring tokens between Bitcoins BRC 20 and EVM networks. First, users transfer BRC 20 tokens to a dedicated BRC 20 address. After confirmation, the Multibit protocol starts working, minting an equal amount of tokens on the Ethereum or BNB chain. Multibit Protocol collects tokens from all distributed unique addresses. The tokens are securely transferred to a unified cold wallet. When a user needs to withdraw tokens, Multibit Protocol will destroy the corresponding number of tokens from the EVM chain. The equivalent value of tokens is then transferred to the user from a secure cold wallet.

MultiBit completed an IDO auction on Bounce Brand on November 12, raising 88 ETH. On November 4th, IDO was completed again on TurtSat at the same unit price, raising 4.64 BTC. The total raised between the two rounds was approximately $350,000.

Its native token MUBI has increased by 43.7% in 24 hours, and the price was US$0.323 as of press time. In addition to having governance rights, MultiBit users who pledge MUBI tokens can also earn rewards in the form of ERC 20 or BRC 20 tokens on the MultiBit platform.

Solana Saga Mobile

In addition to the above golden shovels in the traditional sense, there is also an unexpected shovel, which is the Web 3 mobile phone Saga launched by Solana Labs.

The Saga phone was originally launched on May 8, 2022 for $1,000 and is positioned as the flagship Android phone of the Solana ecosystem. The phone has 512 GB of storage space, two rear cameras, a 6.67-inch OLED display and fingerprint unlocking. What’s more, it features a dedicated dApp Store for encrypted apps and a secure element to store the encrypted user’s private keys, thus separating this sensitive data from the rest of the phone’s data. On August 10, the Saga phone announced that it would drop the price from $1,000 to $599.

Related Reading:Solana Saga unboxing review: a semi-finished flagship phone, a bold Web3 experiment》

Until recently, the MEME token Bonk based on Solana has skyrocketed, and each Solana Saga mobile phone is entitled to receive up to 30 million BONK token airdrops. Its premium on eBay has soared by 500%, and the price is as high as $3,000.

On December 17, Kyle Samani, co-founder of Multicoin Capital, said on social platforms that Solana mobile Saga owners are expected to receive a large number of airdrops in the next 12 months. Yesterday, Solana ecological Meme project Samoyedcoin announced that it will issue SAMO token airdrops to Saga mobile phone holders. Specific airdrop details have not yet been announced.

Other ecological “golden shovels”

In addition to the popular Bitcoin ecosystem, there are also similar golden shovels in other public chain ecosystems, which have recently received a lot of attention.

TonUP（UP）

TonUP is an asset issuance platform based on the TON blockchain. It mainly discovers and cultivates promising projects in the TON ecosystem, provides community users with IDO investment opportunities in high-quality projects in the TON ecosystem, as well as support for TON ecological projects and corresponding ecosystem construction. In addition, TonUP can provide marketing, DEX and Staking services for IDO projects, increasing the projects exposure and access to resources, and adding to the projects good reputation and market popularity.

TonUP was launched in August 2023 and completed its platforms first IDO project token issuance at the end of the same month. This time IDO helped the MMORPG game project Tap Fantasy raise 80,000 TON Coin.

As part of the TON ecosystem, TonUP received a six-figure investment from TONcoin.Fund. On December 13, TonUP announced that its token UP IDO is scheduled to be held on December 20. In the IDO, the price of 1 UP token Set at 0.05 TON. On December 14, TonUP public token economics, the total supply of UP tokens was 100 million.

SuiPad（SUIP）

SuiPad is the first IDO, ISO and INO Launchpad project built on the Sui public chain. As the first IDO Launchpad project officially recognized by the Sui public chain, SuiPad plays the role of a middleman connecting new projects in the ecosystem and early investors. The goal is to select the best new projects in the Sui blockchain for users through a unique planning process and industry access standards, while also raising funds for early projects.

Like most Launchpads, the main utility of SuiPads native token SUIP is mainly used to evaluate user loyalty. It determines the users loyalty level based on the pledge quantity and pledge time weighting of the platform token SUIP, thereby filtering out different levels of member access. right.

In other words, to qualify for a specific level, users must stake a corresponding amount of SUIP tokens for a specific period of time on SuiPad. The more SUIP a user mortgages, the higher the level they obtain, and the greater the probability of winning the lottery for the user to obtain the allocated quota for project IDO on the platform. It is worth noting that there will be a 15-day cooling-off period for the tokens after staking.

Related Reading:IDO is online 10 times, is SUIP still worth buying now?》

The higher the SuiPad membership level, the greater the chance of obtaining scarce project investment quota, and the higher membership level is positively related to the number of SUIP tokens and the pledge time. That is to say, the greater the number of SUIP tokens held, the greater the pledge time. The longer the time, the higher the level obtained, and relatively speaking, the greater the probability of winning the lottery by participating in the platform IDO.