Cadence Protocol

Befy Protocol

Flash

Inscribe

<h4>DePin, RWA, or AI are new and promising narratives for 2024. Now we can add LBPs as well to this list. These are Liquidity Bootstrapping Pools (LBP). Projects in this narrative have been doing 500% gains regularly. That doesn’t go unnoticed in the crypto space.</h4> 
Hence, we take a closer look at the top 5 LBP coins that can do a potential 10-100X. 
<h5>What Is a Liquidity Bootstrapping Pool (LBP)?</h5> 
A <a href="https://coinmarketcap.com/academy/glossary/liquidity-bootstrapping-pool-lbp" target="_blank" rel="noopener">Liquidity Bootstrapping Pool (LBP)</a> is like an IDO that you can’t manipulate. As a result, you have fair and transparent token launches. Here’s a more technical perspective. The pricing mechanism during the launch goes from high to low. It works like a Dutch auction, in case you’re familiar with these. 
So, the auction starts with a high price that constantly lowers. This way, you can lower the impact sniper bots or whales have on the sale. It’s a much fairer system for smaller investors. Let’s check these LBP coins you must watch. 
<h5>1) Flashtools</h5> 
<a href="https://flashtools.com/" target="_blank" rel="noopener">Flashtools</a> is a Telegram toolkit. It’s still to lunch, so you’re very early indeed. It’s for trading NFTs and Inscriptions. Flashtools is also <a href="https://www.altcoinbuzz.io/?s=multichain" target="_blank" rel="noopener">multichain</a> and fast. It should give you an advantage over other traders. Trading is much more accessible with Flashtools. The platform promises a 30% revenue for holders. Rewards will be in their $FLASH token. 
Their main tool will be the Flash Sweeper. However, more tools are in the pipeline. For example, 
<ul> 
 <li style="font-weight: 400">Flash Bidder — Make various offers on collections.</li> 
 <li style="font-weight: 400">Flash Sniper — Sniping tool.</li> 
 <li style="font-weight: 400">Flash Multi-Minter — Optimizes minting.</li> 
 <li style="font-weight: 400">Flash Tracker — Calculates the value of your NFT collection.</li> 
</ul> 
However, their LBP has already ended. This was on <a href="https://app.v2.fjordfoundry.com/pools/0x1f0439aCF4b5554481CD8529DB9767c2A6Ea3c24" target="_blank" rel="noopener">Fjord</a>, one of the leading platforms in the LBP space. Below is a video that introduces Flashtools. 
<iframe title="Introducing FlashTools, the First Multi-Chain NFT and Inscriptions Trading Toolkit on Telegram" width="696" height="392" src="https://www.youtube.com/embed/g9kPDdryBbw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
<h5>2) Befy Protocol</h5> 
Befy Protocol is a bridge for <a href="https://www.altcoinbuzz.io/?s=brc20" target="_blank" rel="noopener">BRC-20 tokens</a>. They call themselves the ‘World’s first decentralized cross-chain bridge for bitcoin and EVM’. Besides Ethereum’s mainnet, this also includes Arbitrum. Avalanche and Solana are soon to follow.&nbsp; 
The bridge works with ZK-proofs. The zero-knowledge technology. On their roadmap, you can find a launchpad, an AMM, and staking for their BEFY token.&nbsp; 
Their LBP started on the 29th of January on <a href="https://app.v2.fjordfoundry.com/pools/0xBB0a794521aEA46BEfbd6aacD330C01AB0E3b148" target="_blank" rel="noopener">Fjord</a> and has been completed by now. The current BEFY price is $0.05802. However, be cautious, the contract creator can change the token contract. Since its listing on CoinGecko, on the 2nd of February, the price is down by almost 20%. Their website URL was also flagged as having malicious code. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Befy Odyssey is here! Accumulate your contributions using the Befy bridge and earn <a href="https://twitter.com/search?q=%24BEFY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BEFY</a> and <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a> rewards! 
 The first epoch will officially start from 2/9 00:00 UTC and end on 2/22 00:00 UTC. A total of $4000 in rewards ($2000 in <a href="https://twitter.com/search?q=%24BEFY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BEFY</a>, $2000 in USDT) will be distributed. 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;">How… 
 — Befy (@Befy_Protocol) <a href="https://twitter.com/Befy_Protocol/status/1755420092308009432?ref_src=twsrc%5Etfw">February 8, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h5>3) Parifi</h5> 
<a href="https://test.parifi.org/" target="_blank" rel="noopener">Parifi</a> is a decentralized perpetual protocol. Currently, it’s still in its Alpha Testnet phase. So, once again, you’re early. Parifi tries to make an equal playing field between its traders and LPs. Perpetual platforms allow for trading with leverage. Make sure only to use leverage if you fully understand how it works. The profits can be huge, but the losses can be of a similar size. 
Their LBP was also on <a href="https://app.v2.fjordfoundry.com/pools/0xD4eb92632226190e87063d4B1555f90CcB8a2E72" target="_blank" rel="noopener">Fjord</a> and did well. However, the team raised only $154k during their LBP. The LBP released 99% of their PRF token. There’s currently no listing on CoinGecko for the PRF token yet. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The Alpha Testnet marks a pivotal milestone, offering vital insights into user preferences and the enhancements needed to transition to mainnet. 
 Important optimizations are in the pipeline based on the valuable feedback received.<a href="https://twitter.com/hashtag/parityforall?src=hash&amp;ref_src=twsrc%5Etfw">#parityforall</a> <a href="https://twitter.com/hashtag/DeFi?src=hash&amp;ref_src=twsrc%5Etfw">#DeFi</a> <a href="https://twitter.com/hashtag/PERP?src=hash&amp;ref_src=twsrc%5Etfw">#PERP</a> <a href="https://twitter.com/hashtag/trading?src=hash&amp;ref_src=twsrc%5Etfw">#trading</a> <a href="https://t.co/2giPk87B6m">pic.twitter.com/2giPk87B6m</a> 
 — Parifi (@0xParifi) <a href="https://twitter.com/0xParifi/status/1757799650650620279?ref_src=twsrc%5Etfw">February 14, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h5>4) Cadence Protocol</h5> 
With the <a href="https://www.cadenceprotocol.io/" target="_blank" rel="noopener">Cadence Protocol</a>, we continue in the perps space. However, Cadence is an aggregator. For this, it moves into the: 
<ul> 
 <li style="font-weight: 400">RWA (Real-World Assets).&nbsp;</li> 
 <li style="font-weight: 400">LSD (Liquid Staking Derivatives).&nbsp;</li> 
 <li style="font-weight: 400">CSR (Contract-Secured Revenue) spaces.</li> 
</ul> 
Here it wants to provide the most capital-efficient use of liquidity. It’s built on the Canto blockchain, but its mainnet is not live yet. Once again, we’re early.&nbsp; 
During their already completed LBP, they raised no less than $4.19 million on Fjord. That’s a great start for their CAD token. The current <a href="https://www.coingecko.com/en/coins/cadence-protocol" target="_blank" rel="noopener">CAD price</a> is $0.1985. During the last 7 days, the CAD price is up by 64.9%. Something seems to be happening at the Cadence Protocol.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Mainnet Launch Date UNVEIL 
 The second step in our mission to connect all of DeFi through building the omnichain future we all envision <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3b6.png" alt="🎶" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Built by ex-Metamask, Kraken and Axelar devs 
 Final moment to join early in our journey is live here<a href="https://t.co/26YbkUZSOX">https://t.co/26YbkUZSOX</a> <a href="https://t.co/tLUIP20Ekh">pic.twitter.com/tLUIP20Ekh</a> 
 — Cadence (@CadenceProtocol) <a href="https://twitter.com/CadenceProtocol/status/1750307997618696302?ref_src=twsrc%5Etfw">January 25, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h5>5) Inscribe</h5> 
<a href="https://inscribe.app/" target="_blank" rel="noopener">Inscribe</a> is all geared up for inscriptions on any chain. It’s the first cross-chain marketplace for BRC-20 tokens and all other chains. So, this covers Bitcoin, EVM, and also non-EVM. Once again, we’re early, since Inscribe is still on its testnet. However, their mainnet is imminent. 
However, it is testing an Automated WebApp and Bot. It also offers a Multichain Indexer API. The platform also integrated the new <a href="https://www.altcoinbuzz.io/product-release/a-beginners-guide-to-the-erc-404-token-standard/" target="_blank" rel="noopener">ERC-404 token</a> into its platform. Pandora, the leader in this field, was their first listing of ERC-404 tokens. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Get ready for Inscribe on Mainnet. 
 ████████████ <a href="https://t.co/EivtQyrWLf">pic.twitter.com/EivtQyrWLf</a> 
 — Inscribe (@inscribe_app) <a href="https://twitter.com/inscribe_app/status/1757072343581503886?ref_src=twsrc%5Etfw">February 12, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Their LBP on <a href="https://app.v2.fjordfoundry.com/pools/0x474CA8D19cbCd57E2ddf90c5A6B0841D250b9B96" target="_blank" rel="noopener">Fjord</a> did very well, and the team raised $5.9 million. The current price of their <a href="https://www.coingecko.com/en/coins/inscribe" target="_blank" rel="noopener">INS token</a> is $0.41. During the last 7 days, its price is up by no less than 95%. 
<h5>Conclusion</h5> 
LBPs or Liquidity Bootstrapping Pools are a new narrative in the crypto space. It’s a form of IDOs that reduces the impact of bots and whales. Some LBP projects have the potential to do a 10-100x. We looked at 5 of such projects that used an LBP. 
<img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" alt="Coins" width="714" height="88" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" sizes="(max-width: 714px) 100vw, 714px"> 
<iframe title="Do THIS To Make $10,000 With Your Crypto Portfolio!" width="696" height="392" src="https://www.youtube.com/embed/diGzTFwU6xs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
Disclaimer 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. 
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. 
Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/finance-and-funding/top-5-lbp-coins-with-10-100x-potential-in-q1-2024/">Top 5 LBP Coins With 10-100X Potential in Q1 2024</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Top 5 LBP Coins With 10-100X Potential in Q1 2024

Altcoin Buzz

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