DeBox (BOX): Web3 social giant, breaking through traditional social constraints, what is the expected market value after the bubble disappears?
远山洞见2024/09/18 07:59
By:远山洞见
I. Project introduction
DeBox is a Web3 community management tool built on decentralized identity (DID) technology, aiming to redefine the way users interact socially and in the community in the blockchain ecosystem. By holding ERC-20 tokens or NFTs, users can freely join corresponding groups and participate in community governance without traditional centralized permissions. DeBox provides comprehensive functions from social chat and dynamic sharing to DAO management and NFT interaction, creating a decentralized and borderless social network for users.
The original intention of DeBox's design was to meet the higher demands of users for privacy, security, and autonomy in the Web3 era. Through the empowerment of blockchain technology, users' identities and data are controlled by individuals, avoiding the censorship and data leakage problems that may exist in traditional social platforms. At the same time, DeBox emphasizes community governance, where users are not only participants, but also joint decision-makers in community development.
As of now, DeBox has attracted over 1.20 million users worldwide, forming multiple active decentralized communities. This number is still growing rapidly, demonstrating DeBox's strong appeal and broad prospects in the Web3 field.
II. Project highlights
1. Decentralized identity and privacy protection: DeBox uses decentralized identity (DID) technology to ensure that users have complete control over their identity and data in social and community activities, ensuring users' privacy and security, and eliminating the risk of data leakage on traditional social platforms.
2. High degree of freedom to join and manage the community independently: Users only need to hold ERC-20 tokens or NFTs to join the corresponding community freely, avoiding complex review processes, enhancing the inclusiveness and active level of the community, and giving users more community management and decision-making power.
3. Diversified functions and open ecosystem: DeBox not only provides basic social networking functions such as chat, group, and dynamic sharing, but also integrates Decentralized Autonomous Organization (DAO) management tools such as lottery, proposal, and voting. In addition, the platform provides open SDKs and APIs, and developers can build applications based on DeBox to further enrich the platform's application scenarios.
4. Strong user growth and market impact: Since its launch, the number of DeBox users has exceeded 1.20 million, indicating its huge attractiveness and development potential in the Web3 social field. The platform's rapid growth and high customer engagement have further consolidated its leading position in the market.
III. Market value expectations
DeBox, as a Web3 community management tool based on decentralized identity (DID), has attracted a large number of users' attention through its rich social interaction functions and decentralized governance mechanism. The initial published total of its native tokens is 1 billion, and 8% is unlocked when the token generation event (TGE) occurs. As of now, the token price is 0.068U, and the current circulating market value is 5.44 million US dollars
We can speculate on the market value potential of DeBox by benchmarking similar functions and market positioning on other platforms.
-CYBER: CYBER is a social Layer2 project with a current token price of $3.29 and a circulating market value of about $89.15 million.
-HOOK: Web3 Gamification social learning platform with a token price of $0.407 and a circulating market value of $76.02 million.
Based on the market value and token price of the benchmark platform mentioned above, we can speculate on the market value potential of DeBox as follows:
- Benchmarking social Layer2 product CYBER: If DeBox's circulating market cap reaches the level of CYBER, the DeBox token price may rise to
$1.11 .
Targeting Web3 Gamification social learning platform HOOK: If DeBox's circulating market cap reaches the level of HOOK, the DeBox token price may reach
$0.95 .
It should be noted that the market performance of DeBox will be influenced by many factors, including the growth rate of platform users, the intensity of market competition, and the volatility of the overall encryption market. Therefore, while considering potential benefits, relevant risks should be carefully evaluated.
IV. Economic model
DeBox's token economy model is well-designed and widely distributed, with a total supply of 1 billion tokens, a total market value of 50 million dollars, and an initial price of 0.05 dollars per token. At the token generation event (TGE), 8% of the total supply will be unlocked, equivalent to a market value of 4 million dollars. The specific token distribution is as follows:
-IDO/IEO/Launchpad
Initial unlock percentage: 100%
Total number of tokens: 10,000,000
TGE release: 10,000,000 pieces (1% of total supply)
- Community
Initial unlock percentage: 100%
Total number of tokens: 50,000,000
TGE release: 50,000,000 pieces (5% of total supply)
- Foundation
Initial unlock percentage: 0%
Total number of tokens: 200,000,000
TGE Release: 0 pieces
- Ecosystem Incentives
Initial unlock percentage: 0%
Total number of tokens: 350,000,000
TGE Release: 0 pieces
- Investor
Initial unlock percentage: 0%
Total number of tokens: 200,000,000
TGE Release: 0 pieces
- Team
Initial unlock percentage: 0%
Total number of tokens: 170,000,000
TGE Release: 0 pieces
- Liquidity
Initial unlock percentage: 100%
Total number of tokens: 20,000,000
TGE release: 20,000,000 (2% of total supply)
Through the above token distribution design, DeBox ensures the stable development of the platform, provides incentives for early participants and community users, and also reserves sufficient token shares for subsequent ecological construction and team development.
V. Team and financing
- Team members:
Blackiron: Co-founder of DeBox, responsible for the overall strategy and direction of the project. Blackiron has rich experience in the blockchain and cryptocurrency industries and is committed to promoting the development of decentralized social platforms.
Fang Kuai: Chief Operations Officer (COO) of DeBox, responsible for the daily operation and management of the platform. Fang Kuai has many years of operational experience in the Internet and blockchain industries, and is skilled in team management and market expansion.
- financing status:
Since its establishment, DeBox has completed multiple rounds of financing, attracting the attention and support of many well-known investment institutions.
On July 29, 2022, DeBox completed its seed round financing, which was invested by TokenPocket. The specific amount was not disclosed.
On January 9, 2023, DeBox completed a $2 million seed round financing from ABCDE Capital *.
January 19, 2024: DeBox completes strategic financing, invested by DWF Labs for an undisclosed amount.
On February 6th, 2024, DeBox completed strategic financing again, with Bitrise Capital as the investor and the amount not disclosed.
On March 8th, 2024, DeBox completed its latest round of strategic financing, with OKX Ventures participating in the investment for an undisclosed amount.
Through these financing rounds, DeBox has received funding support from top global investment institutions, further promoting the sustainable development and ecological construction of the project.
VI. Risk Warning
1. The crypto market itself is highly volatile, and the price of tokens may be influenced by market sentiment, overall economic conditions, and competitor activities, leading to price fluctuations.
2. With the rise of Web3 and decentralized social platforms, DeBox is facing intense competition from other similar projects. Failure to stay ahead in technological innovation, User Experience and marketing activities could affect its market share and user growth.
VII. Official links
Website:
https://debox.pro/
Twitter:
https://x.com/DeBox_Social
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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