This article will provide a detailed introduction on how to participate in LBank's Launchpool, as well as an in-depth look at the Cellula project and its token economic model.
Recently, LBank announced its first Launchpool and launched the first project, Cellula (CELA), with a holding mining activity aimed at attracting widespread user participation in a more accessible and flexible manner. Starting from November 8 at 12:00 PM (Singapore time), users can click "Sign Up" on LBank's Launchpool page, and if they meet the basic requirements during the snapshot period, they will be eligible for CELA allocation.
LBank's Launchpool is the first major move following the report released by 0xScope, which revealed that "LBank's spot market share has increased to 3.04%, ranking 12th globally." Based on historical experience and the market effects of competing Launchpool projects during the same period, LBank Launchpool could be a powerful tool to change the market landscape and accelerate market transformation.
Next, we will detail how to participate in LBank's Launchpool, delve into the Cellula project and its token economic model, and explore whether Cellula has the potential to be a good start for LBank's first Launchpool project.
LBank Launchpool Basic Information
Token Information
Total Supply: 1,000,000,000
Launchpool Supply: 1,428,571 (0.14% of total)
Opening Price: 1 CELA = 0.01 USDT
Individual Hard Cap: 20,000 CELA
Users need to follow these steps to participate in the LBank Launchpool activity:
Sign Up: Users must visit the LBank Launchpool event page and click the "Sign Up" button to complete registration between 12:00 PM on November 8 and 2:00 PM on November 14.
Participation Requirements:
Users must complete at least one transaction during this period, whether spot or contract trading.
Additionally, users must meet certain holding requirements: holding no less than 1,000 USDT or holding no less than 130,000 LBK.
Allocation: Users who meet the above conditions will receive their CELA token allocation at 5:00 PM on November 14. CELA tokens will be directly credited to the user's LBank account.
According to the unlocking information disclosed by Cellula, within the first six months after the project goes live, the circulation of Cellula's token CELA will be controlled to below 200 million, meaning the circulation rate will be less than 5%. This lower initial circulation design keeps the market in a highly controlled state, reducing the risk of market manipulation while laying the foundation for the project's long-term healthy development.
Regarding the prevalent high FDV issue in the current crypto market, CELA's low circulation rate strategy helps mitigate market bubbles, balance the gap between project valuation and actual market value, and encourages investors to focus more on the project's actual value and development potential rather than short-term price fluctuations.
Cellula Project Details
Cellula is pioneering a programmable incentive layer that is changing asset issuance on the Ethereum Virtual Machine (EVM) ecosystem through the digital asset token distribution of third-party projects. The core of Cellula's innovation is its virtual proof of work (vPOW) consensus mechanism, which combines Conway's Game of Life, variable rate GDA algorithms, and principles of game theory.
Cellula's vPOW provides unique hash rates for "BitLife" entities, enabling them to participate in a gamified mining process that generates dynamic incentives. This innovative mining method introduces adaptability and programmability, allowing Cellula to achieve unprecedented levels of fair distribution and liquidity guidance—truly a first for EVM-compatible networks.
By seamlessly integrating these technologies, Cellula is poised to reshape the landscape of decentralized finance and programmable incentives, ushering in a new era of on-chain participation and value creation.
Experienced Technicians, Underlying Technology-Driven "On-Chain Honor" Proof
Founded in 2023, Cellula won the "Layer 2 & On-chain Gaming" award at the ETHShanghai 2023 Hackathon;
In March of this year, Cellula was incubated in the sixth season of Binance Labs and successfully secured investment. At this time, Cellula is a full-chain AI simulation strategy game that allows users to play "Conway's Game of Life" through on-chain cellular automata. In the game, NFTs can breed, grow, evolve, or die on the blockchain, creating an "NFT Arena" by turning each NFT into an autonomous life form;
On April 5, Cellula completed a $2 million Pre-Seed round of financing led by SevenX Venture and OKX Venture, with participation from Mask Network and Foresight Venture;
On April 15, Cellula's first game "Game of Life" went live on the mainnet, and airdrop activities were launched in collaboration with BNB Chain. Additionally, the brand will be upgraded, and the product matrix and game reward mechanisms will be expanded;
On June 28, Cellula announced the launch of the first batch of BitCell NFT sales on the Bitcoin Layer 1 network using the RGB++ protocol and Nervos CKB.
According to publicly available data from Cellula, as of June 28, the total number of on-chain users reached 127,909, with a total minting of 657,076 BitLift, total network hash rate reaching 25,704,000, and total protocol revenue reaching 3342.07 BNB, ranking first in the BNB Dappbay, currently ranked 14th;
On August 3, 3,066 Cellula BitCell NFTs were completely minted and later listed on Dobby Market. To date, the floor price for BitCell NFTs is 0.0026 BTC (approximately $181), with a total trading volume of 1.833 BTC and a total transaction count of 551, currently held by 2,732 addresses;
On August 15, Cellula announced its transition from AI gaming to a "programmable incentive layer for fair asset distribution and liquidity guidance," building on Bitcoin's core innovations in fair asset distribution. However, Cellula did not use traditional SHA-256 PoW but developed a novel vPOW consensus algorithm;
On September 10, Cellula received the "Innovation Excellence Award" at the Catalyst Awards hosted by BNB Chain.
As of now, according to official data from Cellula, the user count has surpassed 1.4 million, with over 1.5 million BitLife minted, and fees collected exceeding 4,000 BNB (approximately $2.52 million).
Programmable Incentive Layer, Cellula Reforming Gamified Asset Issuance
Every significant change in the crypto market essentially stems from innovations in token distribution mechanisms. From the initial coin offerings (ICOs) in 2017 to the emergence of the BRC-20 standard and runes in 2023, these changes are fundamentally reinventions of token issuance methods. These innovations aim to create a more equitable and transparent asset issuance model to meet the underlying market demands and open up a new paradigm.
The shift of airdrops from "hot commodities" to "undesirable" is the best evidence of this. From the earliest airdrops for holding domain names to the airdrop hunters of 2024 becoming on-chain criminals, the cat-and-mouse game has gradually led to self-destruction in the pursuit of profit, exacerbating the real contradictions of limited project space and imbalanced input-output.
In response, on August 15, Cellula launched an innovative programmable incentive layer based on the Ethereum Virtual Machine (EVM) ecosystem, fundamentally changing digital asset distribution and liquidity through the integration of three innovative algorithms: Conway's Game of Life for mining, variable rate progressive Dutch auctions (VRGDA) for pricing, and the Analysoor protocol for fair distribution and liquidity.
Mining Algorithm — Conway's Game of Life — The Genetic Code of On-Chain Digital Life: Conway's Game of Life underpins Cellula's on-chain entity "BitLife," which dynamically evolves, reflecting natural life cycles and enabling complex AI development within the blockchain.
Pricing Algorithm — Variable Rate GDA — Dynamic Pricing for NFT Distribution: VRGDA adjusts asset prices based on demand, rising during high sales and falling during slow sales, ensuring balanced distribution even in illiquid markets.
Consensus Algorithm - Analysoor - Fair Asset Distribution and Liquidity Guidance: Analysoor is a fair launch protocol on Solana that uses block hashes as random number generators to fairly distribute NFTs and tokens.
In simple terms, the model designed by Cellula mediates the conflicts of interest among scientists, ordinary players, and project parties throughout the entire game chain, preventing any party from unilaterally controlling the market or causing market monopolies. It adheres to the "soul" of the POW mechanism while forming a dynamic balance.
Conclusion
With the popularity of LPD products under established models, market participants have gradually formed fixed thinking patterns, coupled with increasingly frequent short-term arbitrage behaviors, leading to intense competition among CEXs in the entire crypto market. In this environment, the market is evolving into a silent battle for survival, urgently needing new innovations to activate users' liquid funds and revitalize market vitality.
Every market cycle is accompanied by the rise of new trendsetters, sparking a new wave. When the butterfly effect triggered by the GOAT effect in the market manifests, we see the shock brought by the infinite creativity and imagination in the AI field. This time, Cellula, as LBank's first Launchpool project, gathers new narratives from AI, BTCFi, and programmable finance, likely becoming the engine of the market and reigniting enthusiasm for AI and GameFi.
As the core driving force of this wave of innovation, LBank's Launchpool plan not only demonstrates the platform's keen insight into emerging technological trends but also reflects its commitment to providing users with cutting-edge investment opportunities. With this unique value proposition, LBank is expected to become the focus of the market once again after the meme coin craze. Let us look forward to the arrival of a new era for LBank and witness how it shapes the future trading landscape of the crypto market.
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