A new month, a new Binance Launchpad. This one kicked off with an announcement that gave less than a week before the crowdsale started, which meant that anyone that was staking BNB on the Binance Chain and doing their duty as PoS validators/delegators would be out of luck for this sale... the unstaking time is exactly a week, so tokens that were staked would be unavailable for the Binance Launchpad.
... on a side note, I notice that the BEP-2 Binance Chain is now renamed the Binance Beacon Chain (along with the rebranding of BSC). It is passingly curious that the naming system starts to really mirror the Ethereum ecosystem! Anyway... a small digression!
So, this time... we are back to fan tokens. I've already written about my particular thoughts about fan tokens in general. I can sort of see how they would be of value to fans... but they are distinctly value-less to me. So, I'm really not quite sure how and why they should exist. That said, I could be very wrong... and fan tokens are the future of fan participation in sports teams and the like... but seeing as I've never been into sports fandom, I really fail to see the appeal.
So, it will come as no surprise that for this particular Launchpad... I'm only here to cash out!
So, a quick overview of the ALPINE fan token kicks off the Binance Research report... and again, for those who haven't read my previous Launchpad thoughts. This is NOTNOTNOTNOT research, it is marketing. However, I'm sure that for most people on the internet, this will be indistinguishable from top-tier peer reviewed scientific research. But again... this is marketing! Despite the numbers and fancy words. Marketing... often following a script that is provided by the project team itself.
The Alpine token is being released on the Binance fan platform (obviously as a BEP-20 token issued on BSC). Again, I find it curious that Binance has chosen to build a competing platform to Socios (CHZ) that they had previously incubated also on a Launchpad!
As with all the previous BEP-20 fan tokens, Alpine is a utility token. Staking, fan engagement and all of that jazz... I'm still a bit dubious about the actual functionality of it all... but I guess that if there are people that are willing to pay for better seats, then there will be people who will be willing to pay for backstage passes with their favourite drivers and F1 teams. Who is to say what is worth what to other people... I just wish that they didn't dress it up as "including" the fans, it is monetising your fan base... nothing more idealistic.
Like the previous fan Launchpads, the Alpine token is launching at 1 USD denominated in BNB. Check and read carefully how the subscription model works. I'm sure that we will see many complaints on Twitter with people complaining how they didn't get the allocation that they thought that they would... from experience, I would expect to get around 0.1% of what you commit to the sale.
The token allocation is pretty slim in terms of pre-investors. I'm a bit weirded out about that... on the other hand, I guess it is just the project team, the F1 team and Binance that need to be paid out... and I suspect that Binance might be supplying part of the development chops for the affiliated fan token platform.
So, in the crucial second and minutes after the Launchpad clears... the critical thing to remember is that the Launchpad tokens will consist of about a third of the freely floating tokens on the market. Like always, the first seconds and minutes will be stupidly chaotic and volatile. Do NOT BUY!!! You will be dumped on like crazy by bots and people like me who are just banking on getting the biggest return on their launchpad investment. Recovering the spent BNB and then usually 10x more at least!
So, I'm pretty lukewarm on the entire Alpine token. I am definitely dumping the bulk of my allocation at market opening and hoping to catch a huge early upswing in price before it plummets and flatlines. Past experience has taught me to to hold a small moonbag though... on the off chance that this thing grows legs and be actually worth something because the fans are all too happy to pay good money to be "part of the team"!
Best of luck to everyone for the Launchpad, hope you get a nice allocation and make a decent profit!
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Binance: My first choice of centralised exchange, featuring a wide variety of crypto and savings products.
Kucoin: My second choice in exchanges, many tokens listed here that you can't get on Binance!
FTX: Regulated US-based exchange with some pretty interesting and useful discounts on trading and withdrawal fees for FTT holders. Decent fiat on-ramp as well!
MXC: Listings of lots of interesting tokens that are usually only available on DEXs. Avoid high gas prices!
Huobi: One of the largest exchanges in the world, some very interesting listings and early access sales through Primelist.
Gate.io: If you are after some of the weirdest and strangest tokens, this is one of the easiest off-chain places to get them!
Coinbase: If you need a regulated and safe environment to trade, this is the first exchange for most newcomers!
Crypto.com: Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful!
CoinList: Access to early investor and crowdsale of vetted and reserached projects.
Cointracking: Automated or manual tracking of crypto for accounting and taxation reports.
Stoic: A USD maximisation bot trading on Binance using long-term long strategies, powered by the AI/human system of Cindicator.
StakeDAO: Decentralised pooled staking of PoS assets.
Poloniex: One of the older regulated exchanges that has come into new ownership. I used to use it quite a lot, but have since stopped.
Bitfinex: Ahhh... another oldie, but a goodie exchange. Most noted for the close affiliation with USDT and the Basic "no-KYC" tier!
