Today, the new coin launched on Binance ALPHA is $BIRB, the governance token of the NFT project Moonbirds. Previous tokens include Bored Apes, Doodles, etc. Bored Apes was the first to take the plunge and had a highlight moment, but later it was just a mess. Anyway, don’t be superstitious about any altcoin projects.
ALPHA threshold 230, single airdrop 200 coins
1. Launch Time
The ALPHA airdrop collection time is at 19:00, launching on Bitget, Bybit, etc. at 21:00. Coinbase roadmap project, expected to be on CB at midnight.
2. Project Overview and Financing Situation
Moonbirds is a collection of 10,000 utility-enabled PFPs, $BIRB is the token issued by the project team
Moonbirds NFT's floor price was 2 ETH a few days ago, now it has dropped below 1 ETH. Based on 1 ETH, the market value of the NFT is 10,000 ETH, equivalent to about 30 million USD. Based on the recent high point of 2 ETH, the market value of the NFT is 20,000 ETH, equivalent to 60 million USD.
III. Economic model and market value situation
Total supply is 1 billion, circulating supply is 285 million, pre-market buy order is 0.14 U, but the total transaction volume is only 20,000 U. Based on this price, the pre-market circulating market value is 40 million, which roughly corresponds to the market value drop of the NFT.
NFT holders: 27%, SBT accounts for 2%, 25% allocated to staked Moonbirds, Mythics, and Oddities NFTs, requires a 24-month linear unlock.
Investors and advisors: 25%
Ecosystem: 12%
Value incentives: 10%
Liquidity: 8%
Innovation: 8%
Team: 10%
The project team did not provide a specific TGE unlocking ratio, so we can only get a rough idea. However, based on the situation for the community, it is about 2% SBT + 1.04% for the first phase of staked NFTs, roughly 3.04% airdrop. The rest should be held by the project team.
IV. Opening operations
Doodles now has an NFT floor price of 0.42 ETH, corresponding to 4200 ETH, with a market value of about 12.6 million, while the corresponding token $DOOD price is 0.051 U, with a circulating market value of about 40 million, and FDV of about 51 million.
The FDV of Doodles tokens is roughly 4.05 times the market value of the NFT. Since $DOOD and $BIRB were both included in the roadmap by CB, we can refer to Doodles' situation. Therefore, the estimated FDV of $BIRB is around 120 million.
The corresponding price is 0.12 U, slightly lower than the pre-market price, which is understandable since the operation and IP value of Moonbirds are indeed much stronger, and the chips are more tightly controlled. Therefore, 0.12 U should be considered a bottom price, so the pre-market price of 0.14 U is still quite good.
Let's see how ALPHA performs when it opens, around 0.14 U, I will buy some. If the airdrop crashes and it doesn't reach that, I will also choose to buy some in batches under 0.2. I will exit before the community airdrop collection, as the project team has not yet announced the airdrop collection time.
