Aspecta@aspecta_ai is Binance's token launchpad, which was just launched on Binance ALPHA on July 25th. There will be a new pre-sale tonight, with participation time at 19:00 (UTC+8) on July 31, 2025. The threshold is 20-30u. Participating in the new token lottery is expected to have a 5-10 times potential, which is a good opportunity for small retail investors. This new token project @OverlayProtocol is also interesting, similar to Polymarket, and is expected to be listed on Binance ALPHA. Below we will introduce the new token mechanism of Aspecta and the analysis of Overlay:

One, What is Aspecta

@aspecta_ai is Binance's token launchpad, which can be understood as a low-barrier version of Binance Boding Curve TGE.

The new token link for this round: https://trade.aspecta.ai/projects/OverlayProtocol

Recent big tokens include Sign and bulla, where Sign has been listed on Binance spot market, with new token gains exceeding 90 times, and bulla with 28 times returns. The platform mainly uses buildkey for trading.

📌 Three ways to use BuildKey

• 🚀 Fair Launch: Participate in deposit to get a chance to win early BuildKey. (New token lottery)
• 📈 Trading Mechanism: Buy and sell BuildKey through the bonding curve.
• 💰 Asset Exchange: You can exchange BuildKey for various assets, such as tokens, staking rights, NFTs, etc.

This time, focus on the fair launch part:

Buy key with BNB, the first 30 minutes are for lottery, there are different groups, each group has different lottery pools, the more quota you have, the higher the probability of winning. If you win, you can get the key at the opening price. After 30 minutes, formal trading begins, if you don't win, you will get a full refund and participate in normal trading.

Before participating, complete the POH on Galaxy, the task is simple, just follow social media, you can get the quota for 15 keyshttps://app.galxe.com/quest/aspecta/GCScgtVv2Q

Two, How to Play on Aspecta

The process is: Open the trading interface → buy BuildKey → exchange for project assets

Key is an abstract asset used by Aspecta to handle various types of assets, generally can be exchanged for project assets in proportion.

The new token link for this round: https://trade.aspecta.ai/projects/OverlayProtocol

1. Lottery process: Prepare funds (quantity * price) → wait for the lottery to start → enter the application quantity → confirm the transaction → wait for the lottery to end → claim the winning Key and refund
2. Preparation phase: The project announcement will determine the lottery price per Key, so the amount of funds prepared is: (price * number of applications + Gas fee), the quantity is determined by the lottery group, which will be explained below
3. Waiting for the lottery to start: Open the corresponding project trading interface, usually you can find other project trading interfaces on Aspecta trading homepage
4. Lottery submission phase: After the lottery starts, users enter the application quantity and submit the lottery transaction in the trading window (each user can only submit once during the lottery phase)
5. Lottery confirmation phase: After the lottery phase ends, the system will execute a random lottery and return the results. At this point, a lottery result window will pop up, and users need to manually claim the winning Key and refund
6. Other details of the lottery: The essence of the lottery - allocation of low-price Keys, because BuildKey uses the BondingCurve mechanism, under which the price of Keys increases as more are bought. To prevent bots from quickly grabbing, the lottery phase is added Lottery groups - to ensure fairness and reward loyal users, the lottery is divided into groups, with different groups having different lottery quotas and prize pool sizes. Currently, it is divided into three groups: users who have not completed the POH verification, users who have completed the POH verification, and users who have received badges from the platform.

Three, Introduction of the New Token Project

Project highlights: Early opportunities, can trade real-world indicators, similar to polymarket, raised $3 million, led by Polychain and 1kx

Simple introduction: Overlay is a decentralized data derivatives protocol that brings real-world various indicators and events onto the blockchain for trading, such as ETH burn volume, CS2 game skin market value, AI token index, etc. Similar to polymarket, but it is done by the project itself as a market maker.

Project website: https://overlay.market/

Valuation Analysis:

1) Seed round total funding 2.2M, no token economy, generally 20%, corresponding VC valuation about 11M

2) IDO 700,000 USD, valuation 25M, comprehensive valuation about 30M, currently the initial valuation on aspecta is 10M

Operational Mechanism:

Overlay realizes counterparty-free trading using a dynamic minting/burning model around the $OVL token. The counterparties of the positions are the platform itself, and both parties bet on specific events or indicators using OVL. It eliminates the traditional limitations of bilateral liquidity required by similar product categories. Through this model, it solves the liquidity issues of real-world assets.

Investors:

Seed round 2.21 million USD, including Polychain Capital, 1kx, ParaFi, Metacartel Ventures, The LAO, CitizenX, Founderheads, etc. The 700,000 USD IDO pre-sale sold out in 38 seconds, very popular.

Risk Warning: The above content is based on network information analysis and is for project research discussion only, do not use it as investment advice.

Author: Sakura, ChainThink

Reviewer: Charlie, ChainThink