Summary of the projects that will be launched on Binance Alpha on 30/3

Including both Based and R2 Protocol soon to be launched, the number of new projects in March on Binance Alpha is only 9. Much lower than the level of 30–35 projects per month last year. Are crypto startups gradually leaving the market?

1️⃣R2 Protocol

- Launch date: 30/3

- R2 Protocol is an on-chain asset management protocol that helps crypto users access profits from real-world assets (RWA) through structured, transparent yield strategies.

- Total supply of $R2: 1 billion tokens

- The current TVL of the project reaches 6.51 million dollars. The average APY of the R2 Reserve vault and R2 Prime are 3.55% and 7.74% for USDT/USDC respectively.

- The project's airdrop is facing community backlash as there is no airdrop for most testnet users.

2️⃣Based

- Launch date: 30/3

- Based is a project building a trading app integrated with Hyperliquid and Polymarket.

- The project has raised 11.5 million dollars from Pantera, Coinbase Venture, and Wintermute Venture.

- $BASED has a total supply of 1 billion, TGE supply of 210 million tokens.

- The project has completed season 3, users with tokens can participate in Pre TGE staking (20% of CS has been staked).

- Some benefits of holding $BASED: participate in launchpool on Based, reduced transaction fees, receive Based Visa Card.