On-chain Newsletter 3/24
Organizing new on-chain projects from the past day, looking for potential second-stage opportunities.
The BSC has cooled off in the past two days, and some Alpha projects are continuously declining. Personally, I think this is temporary. However, it is easy to see the cooling trend from the previous newsletters. From the names given to projects by the conspiracy group, ranging from the Middle East series to riding on CZ and Heyi's tweets, and then turning into names related to eating, drinking, and entertainment: Moutai, V50, 888. It feels like they have run out of ideas.
Only one project emerged yesterday: UUU.
1 UUU @uDEX_one
UUU was the big winner yesterday, and its fame is not only due to its rapid launch in 30 minutes but also because it was discovered that it was traded by internal employees of Binance.
uDEX is a social trading platform for cryptocurrencies that provides users with on-chain information and enables them to trade directly from social networks. Users can trade using traditional wallets like MetaMask as well as social wallets verified through Google, Apple, or Telegram accounts, without interrupting their social activities. uDEX supports various trading features, including spot and perpetual swap trading, and is backed by on-chain liquidity from protocols like Uniswap.
Additionally, UUU is part of the MVB Season 8 projects, belonging to the regular army. According to the official website, UUU currently has 6.8K users.
The official team holds 11.5% of the tokens, which have already been locked for future development.
CA link: https://gmgn.ai/bsc/token/eVFTc82L_0x3459a4c189e4275a47dd322f04e214b399dae55a
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