In addition to the skyrocketing AUCTION, what other "golden shovels" are worth paying attention to in the market?

The boom in the bull market is largely determined by two main factors, the influx of external capital and the increase in internal capital leverage. Influential financial entities like BlackRock play a key role in driving external capital, especially with the anticipation that Bitcoin spot ETFs could be a game-changer for the crypto market.

In 2020, benefiting from the innovation of DeFi Summer, a number of CEXs successively launched the "New Token Mining" function, which is a new way to combine IEO and DeFi liquidity mining. Compared with spot trading, the cycle of listing and listing is shorter, and the return on investment is more amazing, so the platform currency was once known as the "golden shovel" for obtaining new assets.

Subsequently, innovative DeFi applications such as LSD and Restaking on Ethereum proliferated, but there has not yet been a large-scale similar financial application in the Bitcoin ecosystem. At present, the inscription has successfully entered the secondary market from the primary market, and the further step is to think about how to use the market heat of the inscription to continue to empower the Bitcoin ecological financial facilities.

BlockBeats has compiled a new batch of "golden shovels" in the current market, which are currently injecting capital leverage vitality into the crypto industry, especially the Bitcoin ecosystem.

Bitcoin Ecology "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 auctions on multiple blockchain networks.

On November 12, Bounce Brand completed the Launchpad of the bridging protocol MultiBit (MUBI), with an IDO unit price of $0.00047, raising 88 ETH, with a return of more than 80 times during the period. On November 29, Bounce Brand opened the public sale of BSSB, the Bitstable project token of the Bitstable project, a cross-chain DeFi protocol based on Bitcoin, and on December 4, BSSB broke through $1.6, a 24-hour increase of 89.58%, a record high.

These two successful token auctions made the crypto community realize that Bounce was 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 BEP2/BEP20 asset pegged 1:1 to Bitcoin and locked on the Bitcoin blockchain, enabling Bitcoin holders to participate in the DeFi ecosystem while maintaining their Bitcoin investments.

On December 15th, Bounce Brand launched a new phase of its Launchpad project, which is a DID service platform on BTC L2 Bdid (BDID). There are three modes of participation, which are to use AUCTION to purchase raffle tickets for the draw, use AUCTION staking and get the allocation proportionally, and use the stablecoin DAII to stake and get the allocation on a pro-rata basis. After the auction, BDID was listed on Uniswap, and its DEX trading volume exceeded $12 million.

Today, Bounce Brand announced that Bounce Launchpad will soon launch a token offering using a "kill two birds with one stone" strategy, with two independent teams jointly issuing a token. The identity of the project is kept secret, and the participation is carried out using AUCTION and BitStable's stablecoin DAII, with two auction pools. On this news, the AUCTION price rose sharply, with a 24-hour increase of 47.5%, and the currency price was $37.82 as of press time.

TurtSat(TURT)

TurtSat is a new asset issuance platform, its community-led Ordinals open platform, and its mission is to become the Gitcoin of the Ordinals world, where anyone can build and donate the Ordinals ecosystem protocol through Turtsat, participate in and benefit from the Ordinals ecosystem. 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 and Ordinals lending platform DOVA, Bitcoin ecosystem game platform RAIT, etc.), all of which are early BRC 20 infrastructure construction platforms, and have performed well after the project launch.

In early December, TurtSat announced the launch of its staking system, TURT POOL. According to TurtSat, this will be a new way for users to participate in the launch of the project on the TurtSat platform, balancing fairness and efficiency, and at the same time, it will effectively prevent bots from using scripts to plunder a large number of donation shares, so that TURT holders can participate and get their due rights.

After the user completes the TURT staking, TURT POOL will record the number of staked tokens and the staking 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 new asset issued by TurtSat, and the application scenarios of EGGS include but are not limited to project online voting, direct exchange of cooperative token packages, etc., and perhaps EGGS will become an important way to exchange for new project whitelist quotas in the future.

BitStable(BSSB)

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

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

With the success of BitStable's Launchpad on Bounce, DAII has become more involved in more Bounce-related projects. As mentioned earlier, staking DAII is one of the options to participate in the Bdid (BDID) Launchpad on Bounce, and the latest Launchpad on Bounce can also choose to qualify by staking DAII.

BSSB is the governance token of the platform that is used by the community to maintain the system and manage DAII, and BitStable also incentivizes BSSB holders through dividends and other measures. The total supply of BSSB is 21 million, of which, in addition to the 50% public sale on Bounce Finance, the team will hold 5% of BSSB (6 months locked and 15 months linear vesting), 3.5% of the airdrop quota, 36.5% of the staking rewards, and 5% of the LP (locked indefinitely).

MultiBit（MUBI）

MultiBit is a bridging protocol that emerged in May this year to connect BRC20 assets to the EVM network, allowing users to seamlessly transfer tokens between ETH Chain, BNB Chain, and BTC networks.

MultiBit simplifies the token transfer process between Bitcoin's BRC20 and EVM networks. First, users transfer BRC20 tokens to a dedicated BRC20 address. Once confirmed, the Multibit protocol comes into operation, minting an equal amount of tokens on Ethereum or BNB Chain. Multibit Protocol collects tokens from all distributed unique addresses. These tokens are securely transferred to a unified cold wallet. When a user needs to withdraw tokens, Multibit Protocol will burn the corresponding amount of tokens from the EVM chain. The equivalent tokens are then transferred from a secure cold wallet to the user.

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

Its native token, MUBI, rose 43.7% in 24 hours and was trading at $0.323 as of press time. In addition to having governance rights, MultiBit users who stake MUBI tokens can also earn rewards in the form of ERC20 or BRC20 tokens on the MultiBit platform.

Madame Saga is the first to

In addition to the above traditional "golden shovels", there is another unexpected shovel, that is, Saga, a Web 3 mobile phone launched by Solana Labs.

The Saga phone was initially available for $1000 on May 8, 2022, positioning itself as the flagship Android phone of the Solana ecosystem. The phone has 512 GB of storage, two rear cameras, a 6.67-inch OLED display, and a fingerprint unlock. What's more, it has a dApp Store dedicated to encrypting apps and a secure element that stores the encrypted user's private key, separating this sensitive data from the rest of the phone. On August 10, the Saga phone announced that it would reduce its price from $1000 to $599.

Until recently, Bonk, a Solana-based MEME token, skyrocketed, and each Solana Saga phone was entitled to an airdrop of up to 30 million BONK tokens, and its premium on eBay has soared by 500% to sell for up to $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 airdrop events over the next 12 months. Yesterday, Samoyedcoin, a Solana eco-meme project, announced that it will issue an airdrop of SAMO tokens to Saga mobile phone holders, and the specific airdrop details have not yet been announced.

The "Golden Shovel" of Other Ecology

In addition to the popular Bitcoin ecosystem, there are 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, which mainly discovers and cultivates promising projects in the TON ecosystem, provides community users with IDO investment opportunities for 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 project's exposure and access to resources, and contributing to the project's good reputation and market popularity.

TonUP went live in August 2023 and completed its platform's first IDO project token offering at the end of the same month, which helped MMORPG project Tap Fantasy raise 80,000 TON Coins.

As part of the TON ecosystem, TonUP received a six-figure investment from TONcoin.Fund, and on December 13, TonUP announced that its token, UP IDO, is scheduled to take place on December 20, in which the price of 1 UP token is set at 0.05 TON. On December 14th, the TonUP public tokenomics showed that the total supply of UP tokens was 100 million.

SuiPad(SUIP)

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

Like most Launchpads, the main utility of SuiPad's native token SUIP is mainly used to evaluate user loyalty, and determine the user's loyalty level based on the weighting of the staking amount and staking time of the platform token SUIP, so as to filter out different levels of member access.

In other words, to qualify for a certain tier, users must stake a certain amount of SUIP tokens on SuiPad for a specific amount of time. The more SUIP a user stakes, the higher the level obtained, and the greater the probability of winning the lottery for the user to participate in the project IDO on the platform to obtain the allocated quota, it is worth noting that the token will have a 15-day cooldown period after staking.

The higher the membership level of SuiPad, the greater the chance of obtaining the investment quota of scarce projects, and the higher the membership level is positively correlated with the number of SUIP tokens and the staking time, that is, the larger the number of SUIP tokens held, the longer the staking time, the higher the level obtained, and the higher the probability of winning the lottery for participating in the platform IDO.