Binance alpha new coin $MAGMA

📍Introduction: Magma Finance is a DeFi platform based on Sui, introducing ALMM (Adaptive Liquidity Market Maker) to achieve efficient trading, governance, and AI-driven yield strategies.

📍Positioning: Liquidity infrastructure centered around LP yield structure.

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📍Funding: Approximately $6 million.

📍Institutions: Led by HashKey Capital, with participation from SNZ Holding and others.

📍Team: Team information is mostly anonymous, likely a domestic team.

📍Profitability (self-sustaining) ability: Average.

📍Ticker mysticism: $MAGMA [Great Luck]

📍Establishment time: 2024

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📍Total supply: 1B.

📍Initial circulation: 190 million.

📍TVL: $27.24M, growing rapidly under incentive points, MMT $36.97M.

📍FDV estimate: 100 million.

📍ICO platform: /

📍ICO pricing: /

📍Binance alpha airdrop: Expected 2%.

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📍Hot events: Won first place in the DEX track at the 25-year Sui Demo Day and received awards at multiple hackathons @Magma_Finance.

📍Project rating: Average.

📍Operation suggestion: Domestic projects have a high probability of making moves, and it is highly controlled; if FDV is less than 100 million, it can be worth a shot; encountering trouble from @piggycell can be quite frustrating.

📍Listed on CEX:

Mainstream: binance/upbit/okx/bybit/gate/bitget✅/htx/mexc/kucoin/alpha✅

Compliance:

coinbase/bitpanda/kraken.

📍Chain: SUI ecosystem.

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📍Token economics, ownership: Transparency can be ensured.