Today, Binance ALPHA's new coin is $ESIM, with an estimated threshold of at least 256. I haven't eaten for several days, and everyone's distribution is almost full

1. Launch Time

The estimated launch time for ALPHA is at 20:00, with launches on Bitget, MEXC, and KuCoin at 21:00

2. Project Overview and Financing Situation

DePinSim is a decentralized connectivity infrastructure network that enables borderless communication and payments through encrypted native (e)SIMs. The DePin+ eSIM card + X402 concept, with X402 being newly added

rootdata shows that in October 2025, financing of 8 million was led by Outlier Ventures, with participation from DWF Labs and others

3. Economic Model and Market Value Situation

Total supply: 1 billion, circulating supply: 134.5 million, project team adds 500,000 U pool, price: 0.08 U, corresponding circulating market cap: 10.76 million

No specific economic model found, there is airdrop, but the airdrop allocation, claiming time, etc. have not been announced

IV. Opening Operations

Potential Positive Factors:

The project team claims to have made $1 million in revenue over a year and a half, but the authenticity is unknown. Additionally, participating institutions include DWF; it's unclear if the market maker is them. If they are, they might cause trouble upon listing

Potential Negative Factors:

The team, economic model, and airdrop allocation have not been clearly announced, raising suspicions of backdoor operations. Generally, projects with backdoor operations are untrustworthy. Recently, only $COLLECT , who has extremely strong connections, is an exception

Saw on X that small KOLs are being recruited to distribute cards for events, indicating some promotional activity but limited in scale. Also, a significant amount of tokens were given to several exchanges for promotional activities

If the opening price is around 10 million, consider buying the first hand; if it rises sharply, skip it and wait until more information is clear. The project still carries considerable risk. The only positive aspect is the market rebound and some liquidity in the market