#Binance Alpha New Coin Research - Play Solana ( $PLAY )
1️⃣ Project Introduction
@playsolana is dedicated to creating PSG1, a handheld gaming device based on the Solana blockchain, centered around Web3. It integrates a built-in hardware wallet, device-side game distribution capabilities, and Unity SDK to realize an in-game tokenized economy. The project issues Play Solana NFT and provides developer tools (PlayGate) to facilitate developers in publishing games to the PSG1 ecosystem.
2️⃣ Token Model
Total Token Supply: 5 billion
Initial Circulation: 1.135 billion (22.7%)
Launch Time: November 14 at 20:30
Binance Contract: November 14 at 21:00
Fundraising: 2.6 million (Community $1.6 million + Public $1 million)
Listing Exchanges: Binance Alpha, Kucoin, Gate
Contract Address: PLAYs3GSSadH2q2JLS7djp7yzeT75NK78XgrE5YLrfq
3️⃣ Token Allocation
SuperHUB: 26% 1.3 billion tokens (Ecosystem development, maintenance, and expansion)
Community: 22% 1.1 billion tokens (Airdrop, seasonal rewards, incentive activities)
Contributors: 16% 800 million tokens (Team, advisors, core partners)
Investors: 10% 500 million tokens (Early supporters and strategic investors)
Liquidity: 10% 500 million tokens (Market making and ecosystem activation)
Treasury: 8% 400 million tokens (Partnerships, acquisition reserves)
Laboratory: 5% 250 million tokens (R&D and open-source projects)
Metaplex-Genesis: 3% 150 million tokens (Early presale supporter rewards)
4️⃣ Financing and Potential Selling Pressure
No external financing, community raised 1.5 million tokens for $2.6 million, with community members accounting for 56%, cost price $0.016, regular member cost price $0.02
Positive Factors:
* Multiple exchanges launching simultaneously, enhancing liquidity and exposure
* PSG1 has sold 10,000 units, and the community is active (120,000 followers on Twitter)
* Solana's high TPS and low fees support in-game microtransactions
* Metaplex Genesis issuance and presale mechanism generate early participation momentum
Selling pressure comes from public sale unlocks as well as Alpha airdrops and okxBoos 15 million token releases. Given the recent market conditions, it is likely to see who sells faster.
