A few days ago, the IDO project @ Bubblemaps of Binance Wallet sent everyone a luxurious Haidilao, bringing some warmth in the bear market! Many people may not be familiar with the BubbleMaps project yet. Simply put, it was originally part of Moonlight and was founded in 2021 by Nicolas Vaiman (CEO), Arnaud Droz (COO), and L é o Pons (CTO) to simplify the visualization of blockchain data - in other words, a super useful data analysis tool that makes blockchain data intuitive and interesting. The BMT token has been online for a few days and has now been listed on exchanges such as Bybit, Bitget, Kraken, etc. From the release of the first economic model by TGE on March 11th to the urgent update of the economic model on March 14th, the team changed the token economy twice in just a few days, which shows that they attach great importance to BMT! Next, I will talk to you about BMT's new token model to see if it is fragrant and what pitfalls need to be noted. 1. Token distribution The total supply of BMT is still 1 billion pieces, that hasn't changed. But when the team first released on March 11th, the token distribution was 12% on BSC and 88% on Solana. Later on March 14th, the team adjusted the allocation: 52.81% went to BSC and 47.19% stayed on Solana. This wave of operation is amazing! Why do we have to make such changes? One is to optimize liquidity, community development, and user engagement; The second is to leverage the strengths of BSC and Solana to create a more vibrant community ecosystem. Previously, Solana deployed 757 million BMT, of which 408.1 million has been cross chain to BSC and locked, leaving 348.8 million BMT on Solana. The updated distribution map is clear at a glance, truly making people feel that the team attaches great importance to it. 2. Locking and Attribution The lock up and attribution mechanism of BMT aims to prevent sudden selling pressure during TGE, stabilize the coin price, and provide a long-term future for the project and investors. At present, contracts on Solana hold 388 million BMT, while on BSC, the token portion of the team, protocol development, and ecosystem has been locked through Unicrypt, with the remaining being gradually unlocked by holders and the community. What is even more reassuring is that BMT tokens will be fully unlocked within 4 years after TGE, and such a long unlocking period is really beneficial for coin price stability and long-term project development. The specific unlocking plan team has also been made public. Seeing this, I really think the team is quite reliable and I want to give it a thumbs up! What can BMT tokens do? BMT is not only the native token of BubbleMaps platform, but also the governance token of the future, with so many functions that it is eye-catching! Summarize several main scenarios: 🔸 Payment platform service fee: For example, using data analysis and visualization tools on the BMT payment chain is extremely convenient! 🔸 Motivating Community and Ecology: Participating in community activities and building ecology can earn BMT, which feels very down-to-earth. 🔸 Provide liquidity: Ensure smooth transactions and make buying and selling enjoyable for everyone. 🔸 Voting governance: You can also use BMT to vote for major decisions on future platforms. BubbleMaps claims to solve the problem of blockchain data transparency, such as helping you analyze token economy, and even exposing the tricks of celebrities or institutions secretly hoarding coins. It sounds cool, but whether it can really become popular depends on the support of users and developers. 4. Don't ignore risks Although BMT has unlimited potential, the risks also need to be weighed: 🔸 Early price fluctuations were significant: BMT has just been launched and is easily affected by market sentiment and airdrop pressure, with prices possibly like a roller coaster ride. 🔸 The competitive pressure is not small: BubbleMaps faces competition from other analysis tools in the field of data visualization, and if the product is not strong enough, users may be lost. 🔸 The risk of unlocking locked positions: Once the locked positions of the team and investors are concentrated and sold, the price of the coin may fall to a heart wrenching extent. 5. Investors' suggestions BMT's token model, from cross chain distribution, transparent lock-in to ecological use, really shows the potential of the platform, which is a bit exciting. But as investors, we need to remain calm and give some advice: 🔸 Research unlocking mechanism: Carefully observe when the token will be unlocked and how much it will be unlocked, and don't be scared by sudden selling pressure. 🔸 Focus on user growth: The user base and activity of BubbleMaps directly affect the demand for BMT, so pay more attention to platform development. 🔸 Diversified investment: Don't put all your eggs in one BMT basket, diversify your risk. The cross chain strategy, lock up mechanism, and practical functions of BMT are really impressive, especially the data visualization tool BubbleMaps, which has great potential for future development. But the cryptocurrency market is in dire straits, Although BMT has potential, one must also be cautious of risks. I hope everyone invests rationally and witnesses the growth of BubbleMaps together! If the project really becomes popular, maybe we can also have a chance to eat meat.