Twitter KOL Views | $THE In-depth Analysis and Market Observation

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YesX2024/11/27 07:16

CZ tweeted yesterday, followed by the announcement of the launch of $THE at 18:00 today. The current circulating market value is about 50 million US dollars, and some locked positions are voluntarily locked for two years 170 million US dollars. From the perspective of project positioning, $THE is an important part of driving the underlying logic and strategic layout of the BNB ecosystem behind the head. The following is the core analysis of the project.

1. $THE's ve33 model innovation

Unlike traditional DEXs, the ve33 model attributes all DEX revenue to the lock-up holder. Tokens have actual profit attributes, which are different from useless tokens (such as UNI and CAKE).

The LP reward mechanism directly distributes $THE to avoid uncompensated losses, and the locking vote determines the emission ratio.

The voting cycle is once a week. The project can increase the LP emission reward income by "bribing" voters, including token emissions, transaction fees, and bribery rewards.

2. Project key data

The cumulative revenue since listing is close to $20 million, with the highest weekly revenue reaching $1.20 million.

Lockers lock their positions for an average of 1.78 years, with a locking ratio as high as 80%. The annualized return during the bear market stage is maintained at 35% -40%.

3. Market benchmarking and growth potential

Successful cases of the Ve33 model, such as Aero on the Base chain, have weekly returns of up to $8 million and a circulating market value of about $800 million (total market value of $1.70 billion). In contrast, the current market value of $THE is about $50 million, with a theoretical increase space of 15-20 times.

The flywheel 33 model forms a "vampire effect" on the liquidity of the chain it belongs to. Taking Aero on Base as an example, its TVL accounts for 80% of the chain.

4. Flywheel effect and on-chain ecology

The flywheel mechanism of $THE creates a stronger profit cycle by stacking token liquidity rewards and locking positions, driving users to continuously lock and vote. The larger the project pool income, the stronger the ecosystem.

The decentralized game mechanism of the Ve33 model limits malicious operations by project parties, further strengthening ecological security and durability.

5. Investment logic of the head office

The success of the Aero model has made it impossible for Binance to ignore the market potential of ve33. The launch of $THE is expected to become the next important liquidity aggregation point for the BNB chain.

The strong vampire effect of the flywheel model and the ability of on-chain liquidity aggregation bring long-term ecological growth opportunities to Binance.

Original link : https://x.com/Yes_X_/status/1861547620088594873

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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