Original - Odaily
Author - Nan Zhi
December 11,Bounce Finance announces the launch of a new Launchpad project, the project is the DID service platform Bdid (BDID) on BTC L2. Since Bounce Finances first Bitcoin ecological Launchpad project, BitStable Finance (BSSB), has achieved an astonishing increase of more than 45 times, the market has also raised high expectations for BDID. Odaily will introduce the project background and relevant data in detail to help investors make decisions.
1. Project introduction
BTC native DID service platform
GoDID is a decentralized identity (DID) marketplace aggregator, currently serving ENS, Space ID, and Bitcoin Ordinals DID. The ENS module supports its entire lifecycle, including search, registration, transactions, and management.
GoDID enhances the ENS user experience with a variety of tools and rankings, such as bidding by category, advanced snipers, and cross-market listings, and features a comprehensive classification system with 144 different categories to facilitate user inquiries and trading activities.
Bdid is a one-stop platform incubated by GoDID.Decentralized identity DID for the Bitcoin ecosystemProvide services.
What is Bdid?
Bdid will initially support a series of mainstream DIDs in the Ordinals ecosystem, such as .sats, .bitmap, .btc, .x, .brite and .unisat, etc., providing registration, transaction and management services.
In the future, Bdid plans to develop innovative derivatives of the Ordinals DID ecosystem, aiming to increase the circulation and value of Ordinals DID. In addition, Bdid.io will also work to reduce the differences between various DID protocols on BTC Layer 2 and enhance the connections and synergies between different DIDs in the ecosystem.
BDID is a project token belonging to Bdid. The specific utility has not been disclosed yet. Most of it is used for Bounce Launch, and a small part is used for mining or allocated to the GoDID team.
BDID Token Allocation
Total amount: 500, 000, 000 pieces
Launch allocation: 400, 000, 000 (accounting for 80% of the total, including 20% lottery, 40% AUCTION pledge, and 20% DAII pledge)
Liquidity: 50, 000, 000 (accounting for 10% of the total)
Mining airdrop: 25, 000, 000 (accounting for 5% of the total, for MUBI, BSSB, AUCTION, WBTC, lasting 50 days)
Team allocation: 25, 000, 000 (accounting for 5% of the total, locked for 6 months, linearly released for 12 months)
2. Participation methods
This Launch supports three ways to participate: use AUCTION to purchase raffle tickets for the lottery, use AUCTION to pledge and get the allocation in proportion, use DAII (the stable currency issued by the previous Launch project) to pledge and get the allocation in proportion. The process details are as follows:
1.Lottery mode
Start time: December 15th 21:00 to December 17th 21:00 (UTC+ 8)
Ticket price: 62.5 AUCTION each
Ticket sales: 300
Number of winning lottery tickets: 150, each allocated 666, 666 BDID
Participation process: This participation requires usersUse AUCTION to purchase raffle tickets, a total of 300 tickets, Bounce will draw 150 winning tickets, and each ticket will distribute 666, 666 BDID. Due to the scarcity of lottery tickets,It is expected that this part will be occupied by scientists。
2.AUCTION pledge mode
Start time: December 15th 21:00 to December 17th 21:00 (UTC+ 8)
Token distribution: 200, 000, 000 (40% of the total)
Allocation price: 1 BDID = 0.00009375 AUCTION (approximately equal to 0.0017 USDT, corresponding to the total project market value of US$850,000)
Distribution method: Over-raising mode (same as the previous BSSB, the amount of token distribution is determined according to the proportion of investment to the total investment)
Participation process: Users can purchase AUCTION on the chain or on a centralized exchange, and thenofficial channelsJust make a pledge, and Bounce will charge the corresponding AUCTION according to the proportion, and then calculate the users BDID subscription amount according to the above price. The excess AUCTION will be returned after the pledge is completed (the user needs to apply for it by themselves).
Case: Assume that all users have invested a total of 187500 AUCTIONs and user A has invested 18750 AUCTIONs. Bounce will receive 1875 AUCTIONs and distribute 1875 ÷ 0.00009375 = 20, 000, 000 tokens. It can also be understood that user A’s investment accounted for 10%, so user A can obtain 10% of the 200 million tokens allocated in this batch, or 20 million tokens.
3.DAII pledge mode
Start time: December 15th 21:00 to December 17th 21:00 (UTC+ 8)
Token distribution: 100, 000, 000 (accounting for 20% of the total)
Allocation price: 1 BDID = 0.0015 DAII (approximately equal to 0.0015 USDT, corresponding to the project’s total market value of US$750,000)
Distribution method: super-raising mode (same as above)
Introduction to DAII: For the previous Launch projectUSD stablecoin issued by BitStable, users canBitStable official websiteObtained by staking ORDI or MUBI, the project party also issued part of DAII on Ethereum, which can be purchased directly.
(Related Reading:Learn about the BitStable project features and public sale process in one article》）
Participation process: The same as the AUCTION staking mode. After the user obtains DAIIofficial channelsJust make a pledge, and Bounce will charge the corresponding AUCTION according to the proportion, and then calculate the users BDID subscription amount according to the above price. The excess AUCTION will be returned after the pledge is completed (the user needs to apply for it by themselves). The calculation method is consistent with the AUCTION pledge mode.
summary
Based on the above information, there are several conclusions:
Although the number of lottery places has doubled compared with the last time, the lottery tickets are expected to be monopolized by scientists;
The current price of the previous Launch token BSSB is about 2.4 USDT, with a total market value of more than 40 million US dollars. The maximum increase is more than 45 times. Even scientists who were destroyed by 75% have made substantial profits. Although this project is conceptually inferior to previous projects, it may have greater expectations under the current market background;
(Related Reading:Burn public sale tokens? Detailed explanation of BSSB’s “fair” offering event》）
The participation method of this Launch uses the project token DAII of the previous Launch. As the first project launched by Bounce in the near future, it may imply Bounce’s plan to construct a series of Bitcoin ecological projects.If its plan can be effectively realized, Bounce’s utility token AUCTION will also benefit from it.
