#Binance Alpha New Coin Research - RateX ($RTX)
1️⃣ Project Overview
@RateX_Dex is a DEX based on Solana, focusing on leveraged yield trading, allowing users to amplify yield exposure with a smaller margin. The protocol integrates leveraged trading, yield strategies, and synthetic assets to enhance capital utilization and trading flexibility.
2️⃣ Token Model
Total Token Supply: 100 million
Initial Circulation: 16.66 million (16.66%)
Launch Date: December 19, 17:00
Project Financing: 10.4 million USD
SOL Contract: J1wnHdKvP34fg7TtYdX63UPJMTdXNzJGEqfNJB22vKjU
BSC Contract: 0x4829a1d1fb6ded1f81d26868ab8976648baf9893
3️⃣ Token Distribution
Ecosystem and Community: 44.18% (TGE 11.66%, remaining linear release over 27 months; including airdrop, events, and market making accounts for 6.66%)
Team: 20% (TGE 0%, unlocking starts in the 12th month, fully released in 36 months)
Treasury: 20% (TGE 5%, remaining linear release over 36 months)
Institutions: 15.82% (TGE 0%, unlocking in the 12th month, initial release 20%, remaining linear release over 18 months)
4️⃣ Financing Details
Strategic Round financing of 7 million USD on 2025/11/21
Seed Round estimated at 3.4 million USD, not publicly disclosed
Total of 10.4 million USD from two rounds, distributing 15.82% of tokens, cost approximately 0.44 USD
5️⃣ Chip Analysis
Binance Alpha expects 1%
6.66% of the airdrop TGE only unlocks 20%
1.332% initial selling pressure, airdrop claim time not disclosed
6️⃣ Yield Estimation
Pre-market price and pool price 1.2 USD, corresponding circulating market value 20 million, FDV 120 million
Estimated Yield: 30-50 USD
7️⃣ Positive Factors and Potential Selling Pressure
Positive Factors
Strong endorsement from powerful investors: Participation from institutions like Animoca and Capital enhances project credibility.
Multi-functional products: Leveraged perpetual + synthetic assets + Earn, forming a closed-loop ecosystem, enhancing user stickiness.
Upcoming listing on mainstream exchanges (Binance Alpha, Bitget), expected to bring the first round of liquidity explosion.
Potential Selling Pressure
Short-term main selling pressure comes from airdrops; existing DEXs on the same chain like Serum and Raydium are in competition; leveraged products are still in competition; Solana has experienced network congestion or downtime, which may affect trading experience leading to selling pressure.
