9/19 Binance AspTGE New Coin Research: $RIVER (Previously Satoshi Protocol) Comprehensive Network Comparison Analysis

This project is the new mechanism of Binance TGE, which adopts the ASP new token model. BuildKey trading time: 9.19 17:00 - 9.22 17:00, Binance Alpha trading time: 9.22 17:00. Financing determined at 2 million, this project is the first under the new mechanism, with high popularity, belonging to the stablecoin sector. Below we will analyze $RIVER (formerly Satoshi Protocol):

I. Investment Research Conclusion (Quick Summary)

Project Summary: Binance TGE new mechanism, ASP new token, stablecoin protocol, rebranding from the original BTC ecosystem

BuildKey Trading Tutorial：

Trading Tutorial

https://aspecta.notion.site/Binance-Wallet-BuildKey-TGE-272635b169d68058961bd0b9de488d3a

Simple Introduction:

River is building a blockchain-abstract stablecoin system that connects assets, liquidity, and yields across multiple blockchains. Through its core stablecoin satUSD, users can achieve yield, leverage, and expansion across different ecosystems. River's highlight is its pioneering omni-CDP module, allowing users to collateralize assets on Chain A and mint satUSD on Chain B — all without needing a cross-chain bridge.

Valuation Analysis: Total token supply 100 million, circulating supply 18.4%, deposit airdrop 5%, new token 2%

1) First round: Amount unknown, allocated tokens 5%

2) Second round: 2 million, allocated tokens 10%, FDV 20 million, corresponding token price 0.2

3) 1 key = 20 tokens, during TGE 1 key is 1u, corresponding token price 0.05, i.e., 5 million market cap

Average institutional token price should be below 0.2, calculated at 0.15

Comprehensive valuation estimate: First project under the new mechanism, likely to be FOMO, recent new coin opening prices are basically more than 5 times VC, i.e., token price 0.8u, market cap 80 million, corresponding key price 16u, if sentiment is strong, it could reach 10 times, key price 32u also possible

Comprehensive Evaluation [Bullish Before Listing]: Binance ASP new mechanism first project, likely to be FOMO, many new users don't understand, strong information asymmetry, and low liquidity during key trading, making it easy to manipulate the price. Also, stablecoin projects have recently had STBL, which is also FOMO. Expected key price above 10u, possibly up to 30u. According to historical experience of ASP projects, if key price is high before ALPHA listing, it is not recommended to exchange keys for tokens, you can directly trade the keys.

II. Summary of Other KOL Opinions: 3 people were surveyed, all 3 are bullish

1) ElevenEleve [Bullish Before Listing]

@EleveResearch：

The first TGE token using BuildKey model, BuildKey model has very low liquidity, the price will definitely be pushed extremely high, refer to how much ASP opened.

They have done a 40.8% APR deposit activity, the airdrop is definitely going to be sent there, 5% is definitely overestimated. In short, in the BuildKey phase, it's only 2% circulation, the hype is there, the price will be extremely overvalued, the project team can spend a little money to hype up the expectations.

2) U.mi [Bullish Before Listing]

@crypto_umi888：

In token issuance (TGE) based on joint curves, token prices will fluctuate. After TGE ends, the liquidity of the joint curve pool will be maintained for a period of time, but may decline over time. BuildKeys can be exchanged for project tokens at any time.

Families who meet the TGE score can go for it, the probability of a big reward in the first round is high.

3) 0x Qingshan [Bullish Before Listing]

@0xHengxi：

This is the first project using the BuildKey model on Binance Wallet, previously promoted a 40% APR deposit activity.

Community airdrop has not been announced, the key trading time from 19th to 22nd equals only 2% circulation, the price can be pushed to the sky, we may see a 1B River.

Risk Warning: The above content is based on network material analysis and compilation, for project research and discussion only, not to be used as investment advice.

Author: Sakura, ChainThink

Reviewer: Evan, ChainThink