Binance’s Latest Launchpool Altcoin GUNZ (GUN) Listed – Here’s the Opening Price and Average Yield

Launchpool project GUNZ (GUN), which was recently announced by cryptocurrency exchange Binance, was listed on the Binance spot market after staking operations ended today.

GUNZ, the 66th Launchpool project, had a staking period of three years. We at Bitcoinsistemi.com had estimated that this Launchpool would yield $1.78 per $1,000 FDUSD staking transaction. However, data currently shows that according to unofficial records, this Launchpool yields around $2.2 per $1,000 FDUSD. In other words, GUNZ Launchpool yielded an above-average return.

GUNZ faced high volatility immediately upon launch, hitting a high of $0.145. However, it is relatively stable around $0.1 at the time of writing.

The project, which has a total market value of around $60 million, was criticized for choosing to start with only 600 million tokens out of a maximum supply of 10 billion tokens. The project’s fully diluted total market value sits at around $980 million.

*This is not investment advice.