$BTC smashing ATHs with a total market cap that is 170x higher than the TVL in DeFi
$BTC having a MC of $1.2T vs DeFi TVL of $100B
Even Binance has their eyes on the BRC20 ecosystem
How the BRC20 ecosystem will be a powerful force for the 2024 bull run 🧵👇
Bitcoin dominance was on a strong uptrend throughout 2023, climbing from around 40% to 50% by the end of the year.
This allowed the network to capture half of the total market value in the crypto space.
The network’s activities were clearly influenced by Inscriptions and BRC20 tokens, drawing attention to the increase in Bitcoin’s mempool transaction count.
The Bitcoin Ordinals ecosystem, though still emerging, has expanded into several areas such as DeFi, NFTs, and development tools. It's a modest yet expanding landscape.
BRC20 tokens are full of potential and would emerge as a new sector that would be a good beta play to $BTC.
$BSSB, $MUBI, $ORDI and $ORDS showed how hard they can run
This time particularly I am interested in BRC launchpads because of the following thesis:
boooming BRC ecosystem
with anything that is new launchpads stand to gain the most attention
launchpads are the easiest way to get into IDOs for retail
Hence I am certain we will see a launchpad season once more and here are really promising ones that you can look at.
One promising launchpad that I am looking into is @KOI_BRC20 as it allows for fair launches including LBP features and has plans to further expand into the BRC20 ecosystem into
🔷 KOI Pond 🔷
@KOI_BRC20 coined the term PAM known as Proportional Allocation Mechanism (PAM).
It is a cornerstone feature that ensures a fair distribution of BRC20 tokens among its users.
This is a mechanism where users receive an allocation in proportion to each user's commitment relative to the total commitment.
By doing so, KoiPond addresses common issues in crypto launches, such as whale dominance and botting attacks, ensuring that every participant has an equitable chance of securing an allocation of the launch tokens.
Features of KOI Launches
KOI distinguishes itself through several key features aimed at ensuring fair and equitable launches:
Mitigation of Whale Advantage: Oversubscription control measures are in place to prevent any single investor from monopolizing the entire allocation, ensuring smaller investors can participate.
Refund Mechanism: In the event of an oversubscription, KOI ensures that users are not unfairly penalized, offering refunds to ensure fairness.
Equal Access: There are no insider presales, allowing all users equal opportunity to participate in launches.
Protection Against Bots: KOI implements measures to safeguard against automated botting attacks, preserving the integrity of each launch.
Success Stories and Future Listings
KOI has already facilitated the launch of reputable projects like $LDY and $wBRGE, with plans to host more as the BRC20 narrative continues to gain momentum.
This track record highlights KOI's capability to identify and support promising early-stage crypto projects, offering investors opportunities to diversify their portfolios with emerging tokens.
Recent bullish launches that they did include:
@scorefamsports - on chain sports betting
@blocjerk - first L2 for the adult industry, which is one of the largest and most lucrative sectors in the world.
Tokenomics
To participate in BRC20 launchpad offerings on $KOI, investors must wrap their $KOI tokens into $dKOI (wrapped $KOI).
This process offers several benefits, including:
5% burn rate on all wrapping and unwrapping fees
fees collected through this process will be shared among $KOI stakers and liquidity providers
incentive mechanism for long-term participation and support of the platform
$KOI is currently trading at $2m MC, which I think presents a good R:R ratio here. As more launch with $KOI.
The playbook for launchpads is always the case where people follow the hype when they see successful launches like @scorefamsports @blocjerk which will TGE soon.
Roadmap and Future Developments
KOI has already achieved significant milestones, including:
launch of its LBP (Liquidity Bootstrapping Pool)
multiple project listings
introduction of its unique PAM mechanism.
Looking forward:
enable $KOI + $KOI LP staking
token buckets to enhance our PAM listing offering
introduce BRC20 native bridge integration
bitcoin wallet custody to lower entry barrier
gasless listings
Twitter: https://twitter.com/arndxt_xo/status/1767901263231127922