As one of the top narratives in the crypto market this year, the meme coin sector has maintained its attention, with the trend continuing to surge. Various public chains and Layer 2 solutions like Sui, dYdX, and APEChain are using memes as a growth driver, leading to the emergence of numerous "golden dog" projects and enabling a large number of investors to achieve hundredfold returns.
Recently, the meme project RFG launched by the value social creator Match has become the market focus, rising over 800% in just a few months, with liquidity growth particularly notable. The ongoing NFT auction by Match has seen nearly 20,000 participants, becoming a phenomenon in the crypto space. Currently, the NFT auction process is halfway through, with the sixth round (out of a total of 10) set to officially debut on October 26.
1. Match NFT Drives Income Revolution
In the past two months, Match has sparked widespread discussion in the crypto community, with users primarily concerned about its two core assets: Match NFT and the meme token RFG.
- "Match NFT is not only an identity identifier but also possesses significant financial potential. Through NFT staking, users can generate RFG tokens, creating a continuous income stream that compounds as the value of RFG increases."
- "In today's precarious physical world, finding a low-investment industry that guarantees profits is nearly impossible. The Match value social finance platform, with its core assets RFG and Match NFT production model, ensures steady value growth. The generated RFG can be cashed out at any time or selectively staked for further production, creating a stable, effortless income model."
The market heat of Match NFT is also validated by recent auctions. Data shows that Match NFT has conducted five auctions and one special auction, selling a total of 20,250 NFTs, with the auction process halfway through; the total auction amount is $3.87 million, with 19,956 participants.
Why is Match NFT favored by crypto users? Scarcity enhances NFT value, but the underlying value support is the ability to generate RFG tokens, helping users obtain a continuous income stream.
In terms of scarcity, the total issuance of Match NFT is limited to 40,500 pieces, with a total of 10 auction rounds, selling 4,050 pieces in each round. Unlike previous NFT projects, Match employs a unique decentralized English auction to ensure that NFTs are fairly and equitably distributed to users through completely random blind bidding. This fixed total supply, combined with the auction mechanism, further increases the scarcity of Match NFT.
Moreover, Match has imposed limits on user participation, allowing each user to successfully participate in a maximum of two NFT auctions, obtaining up to 4 NFTs. Additionally, Match has implemented three core factors to verify user identity, preventing account farming and NFT hoarding. All these measures increase the difficulty of acquiring Match NFTs.
Scarcity is an important support for the long-term value of crypto assets, and Match NFT successfully embodies this characteristic through its unique issuance mechanism and auction rules. Ultimately, scarcity also reflects in the price level of NFTs, bringing users excess returns.
Data shows that the starting price of NFTs has risen from $70 in the first round to $220 in the fifth round, with an average price increase of 26% per round; following this trend, the final round's base price is expected to reach $740, meaning that the NFT assets held by first-round participants will appreciate by over 710%. Among these, if users hold rarer γ-level NFTs, their prices will be higher than those of regular NFTs, leading to even greater returns.
More importantly, the long-term value support of Match NFT comes from its income-generating ability, as it can be staked to mine RFG tokens.
Forgotten NFT projects fail primarily due to a lack of sufficient application scenarios, making it difficult to sustain their vitality over the long term. For example, various small images (PFPs) are hard to find new use cases after initial hype, aside from being used as profile pictures. Although some projects have explored new paths, such as Yuga Labs developing a rowing game to empower BAYC, they ultimately ended in failure. Even the wildly popular Stepn could not maintain the prices of various shoe NFTs, leading to a collapse and subsequent disinterest.
Match NFT has learned from past projects' lessons and successes, providing NFTs with a unique mining scenario—users can stake NFTs to earn RFG token rewards while unlocking more platform features and gaining higher social value.
Match NFT comes in three types, each representing different mining weights, labeled α, β, and γ, with mining weights of 1.1x, 1.2x, and 1.3x respectively—γ has the highest mining weight, thus its value is relatively higher.
Specifically, Match has set up several different types of NFT staking pools: single NFT pool, double NFT pool, and triple NFT pool, with mining efficiency increasing with the number of combinations. Different types of NFTs have varying mining efficiencies; the more NFTs combined, the higher the mining efficiency. According to official data, the annualized return for the lowest level α single NFT pool is 88.2%, while the highest triple NFT pool is 334.6%. As shown below:
The innovative financial model of Match NFT staking and mining not only enhances users' investment returns but also increases the actual value and functionality of NFTs. The diversity of these value-added channels means that Match NFT not only has opportunities for price appreciation but also provides stable cash flow income, further enhancing its long-term value.
2. Revealing the Value and Growth Potential of RFG
The income source of Match NFT is RFG, and the value of the two is closely linked, meaning that the value of RFG will directly affect the market recognition of NFTs. From the data, since RFG's launch two months ago, its price has risen over 800%; even after a month of staking and mining, RFG's price has not collapsed, and liquidity has increased from an initial $100,000 to the current $312,000.
The question arises: why has RFG's price remained stable or even continued to rise, breaking the traditional mining "mine-sell" death spiral? There are several main reasons: first, the meme cultural attribute; second, the application scenario setup—creating demand and reducing selling pressure.
(1) Meme Cultural Attribute, Hundredfold Growth Potential
A clear characteristic of this crypto bull market cycle is the "anti-VC" sentiment, especially towards high-valuation, low-liquidity projects, while meme projects that emphasize fair launches have become the market focus. From Solana and "Brother Sun" TRON to BASE, Sui, IPC, APEchain, and dYdX, only meme projects can bring higher activity to the network and activate dormant ecosystems.
RFG emerged in this context. As an important asset in the Match ecosystem, RFG naturally aligns with meme culture. RFG stands for Refugee, which in Chinese translates to "难民" (refugee). This name is a double entendre, reflecting care for crypto investment refugees and concern for the global refugee situation. The emergence of RFG represents hope for crypto investment refugees. Through a fair and just launch, along with a well-structured token economic model and community building, RFG allows crypto players to truly capture excess value and deeply participate in the meme feast. Fundamentally, RFG is a meme coin that fits the current meme craze in the crypto market.
In terms of token distribution, RFG has achieved a 100% fair and just launch, with a total issuance of 100 billion tokens, no reserves by the project team, and no private placements, avoiding unfair phenomena such as project teams profiting from reserved tokens or large holders dumping. This ensures that token distribution is more transparent and fair, aligning with the fair launch attribute of meme coins.
Of the total RFG tokens, 10% are directly airdropped, giving every user the opportunity to obtain RFG through community activities, not just through purchases; 30% is allocated for liquidity provision; and 60% is used for user community mining and other business outputs. This distribution method ensures the fairness of the tokens and prevents market manipulation.
Moreover, the release of RFG is gradual, with all RFG locked in smart contracts, only released when corresponding rules or logic are met in business scenarios. This, to some extent, alleviates market circulation and selling pressure, allowing prices to be better reflected; whereas some meme projects with full circulation face greater upward pressure later on, with less room for growth.
From a market potential perspective, RFG has the potential for hundredfold growth in the future. Currently, the project is in its early stages, with RFG's circulating market value at only $1 million, and liquidity reaching $310,000. Compared to similar meme projects that only have liquidity of a few hundred thousand dollars supporting multi-million dollar valuations, RFG is still in a value gap. Therefore, for users, the earlier they participate, the higher the excess returns they can capture in the future, similar to early ORDI and PEPE. Likewise, the hundredfold appreciation potential of RFG lays a solid foundation for the long-term value of Match NFT.
(2) Application Value Support: Creating Demand, Increasing Consumption
Unlike previous meme projects that lacked practical application scenarios, Match has set up multiple application scenarios for RFG, greatly enhancing its practicality and value stability. It is precisely because of these diversified applications that RFG's price has not collapsed but has shown a continuous upward trend.
First, users holding RFG can engage in single-token staking mining or provide liquidity LP for mining to earn rewards. According to official data, the current annualized return for single-token staking is 15.1%, with fixed-term returns reaching up to 65%; LP liquidity mining has an annualized return of 118%.
Additionally, when the staking of RFG reaches a certain amount, a Boost coefficient can be obtained, which can be used to enhance the efficiency of NFT staking and mining— the more you stake and the longer the duration, the greater the Boost, with a maximum of 2. According to calculations, only 14.4 million RFG tokens need to be staked for a duration of 360 days to achieve the maximum Boost coefficient of 2.
More importantly, staking RFG can increase the probability of obtaining rare NFTs (mainly γ), which also have higher mining efficiency. If users do not stake RFG, the probabilities of obtaining α, β, and γ are 50%, 30%, and 20%, respectively; when the Boost coefficient reaches its maximum value of 2, the total probability of obtaining γ can reach as high as 50%.
To increase the chances of obtaining rare NFTs, users need to stake more RFG tokens; this rigid demand will continuously drive up the price of RFG tokens. At the same time, as the price of RFG tokens rises, it will attract more investors, further enhancing demand.
With multiple strategies in place, the staking volume of RFG has significantly increased. Data shows that the current TVL (Total Value Locked) for token staking on the Match platform has reached $923,000. In other words, over 90% of circulating RFG tokens are staked and locked, which greatly reduces selling pressure and opens up a pathway for price increases.
Furthermore, Match has also designed liquidity pools to support the market. Early users who received airdrops need to add LP liquidity for RFG to obtain a certain proportion of the airdrop. The benefit of this approach is that it not only prevents early opportunists from dumping tokens indefinitely but also allows airdrop users to convert into buying pressure, increasing the liquidity pool and stimulating market enthusiasm for purchasing RFG from another dimension.
"Match is a value platform dedicated to helping refugees turn their fortunes around. The Match NFT staking produces a turbocharged mutual assistance system, ensuring the steady growth of RFG asset value," commented a crypto player.
Conclusion
The RFG token and Match NFT form a dual-asset model with a close interlinking mechanism. The price increase of the RFG token not only drives up the value of Match NFT, but the application scenarios of Match NFT can also create more demand for the RFG token. This bidirectional promotion provides strong momentum for the long-term growth of the RFG token.
With its unique issuance mechanism and application value, Match NFT offers investors vast appreciation potential. As the foundational token, RFG also possesses significant upside potential. With more users participating, the Match ecosystem is bound to show a thriving development trend. For investors, joining now is undoubtedly a rare opportunity.
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