Last week Binance launched an alpha project $ARIAIP

It is an ecological dragon project on the @StoryProtocol chain @Aria_Protocol.

I looked at the chip structure:

Initial circulation: 33%

Project team self-holding: 26%

Binance Alpha: 1%

Buidlpad: 1%

Community: 5% (of which Aria Points 1%,

$IP Holder airdrop 1%, $IP staking 1%)

In fact, this is a highly controlled currency,

and $ARIAIP is specifically airdropped to $IP Holders.

So the actual amount that can

be truly circulated in the market may be very small,

retail investors can only access it

through Alpha + Buildpad.

It looks like 33% circulation

but actually active in the market,

I suspect it is even less than 1%.

The key point I found is that Upbit and Bithumb

actually announced that they would give this airdrop to $IP Holders.

I remember Korean exchanges rarely do this,

it seems this coin may have the potential to be listed on Korean exchanges in the future.

If $ARIAIP really gets listed on Korean exchanges,

the imaginative space can be completely opened up.

For projects with high control +

extremely low actual circulation,

as long as there is a little new capital,

it can lead to a huge price change.

The style of Korean exchanges is

retail-driven,

biased towards themes, easy to chase up

they pay more attention to stories and narrative strength,

and not rational pricing based on supply and demand.

This means that once it gets on Korean exchanges,

$ARIAIP's structure is

very likely to experience explosive market conditions.

Currently, the K-line

has not shown a right-side structure.

If anyone thinks about bottom-fishing,

they can wait for the market cap to drop to 20M

which is a good position for risk-reward.