Today (December 16) Binance Alpha Listing Project Magma Finance (MAGMA) Introduction, expected at 18:00
Streamlined version:
Magma Finance (MAGMA), established in 2024, founded by a Vietnamese immigrant to Australia, raised $6 million in pre-listing financing on December 8, raising concerns about inflated valuation.
Recently, due to new regulations on Alpha contracts, the trend has been low opening and high closing. If the opening yield is too low, it may be worth considering the follow-up.
Magma Finance (MAGMA)
Introduction: Established in 2024, a Vietnamese-Australian 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 at 18:00
Listing exchanges: Binance Alpha, bitget, MEXC (20:00)
Evaluation: Established in 2024, an Australian project (of Vietnamese descent), raised $6 million in pre-listing financing on December 8, led by HashKey, raising concerns about inflated valuation before listing.