🚀Today (December 16) Binance Alpha listing project Magma Finance (MAGMA) introduction, expected 18:00

Introduction: Founded in 2024, Vietnam-Australia project (the founder is a Vietnamese-Australian), raised $6 million, adaptive liquidity engine on the Sui chain.

Total supply: 1 billion, issued on the SUI chain

Circulating supply: 190 million (19%)

Contract address (SUI): 0x9f854b3ad20f8161ec0886f15f4a1752bf75d22261556f14cc8d3a1c5d50e529::magma::MAGMA

Listing time: expected 18:00

Listing exchanges: Binance Alpha, bitget, MEXC (20:00)

Evaluation: Founded in 2024, Australian project (Vietnamese descent), raised $6 million in emergency financing on December 8, led by HashKey, with concerns about inflating valuation before listing.