The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Newly-Launched Crypto Asset Erupts 13,800% From Initial Offering in Just One Day

by Daily Hodl Staff
October 28, 2020
in Altcoins

A new decentralized finance (DeFi) asset which touts itself as a “tokenized risk protocol,” is getting the attention of crypto traders after erupting 140x from its initial offering price in a span of 24 hours.

The newly-launched crypto project Barnbridge is turning heads as its governance token, BOND, has shot from its seed round value of $1.33 to as high as $185 on launch day – representing an increase of more than 13,800%.

According to the protocol’s whitepaper, Barnbridge aims to change the existing variable interest rates being offered by current DeFi platforms with products that promise to structure yield into fixed rates. Users will also have the option to invest based on their risk appetite as Barnbridge splits interest rates into risk tranches.

“Upon sending the funds to participate in the pool, the user decides the risk tranche.

Assume the entire loan has an interest rate of 10%. The senior tranche tokens are sold for a fixed interest of 5% with the junior tranche having a variable interest rate. Assuming the entire porfolio has a return rate of 10%, for a total of 100 DAI, after repaying the senior tranches 5% interest on their investment of 700 DAI first (35 DAI), we have 65 DAI of proceeds for the junior tranches.”

Source: BarnBridge Whitepaper

As BOND’s value erupts, CoinGecko co-founder Bobby Ong warns his followers that the token is ripe for profit taking.

I've been observing @barn_bridge token price since it started trading on Monday morning. The price seems to be going only up and at $185, it is nearly 140x seed round price of $1.33. I am fully anticipating the price to go down next week so do be careful. Thread below ?

— Bobby Ong (@bobbyong) October 27, 2020

Ong says that BOND’s system of releasing proceeds to users at the end of every week has created a void in the supply. According to Ong, the low sell pressure has catalyzed BOND’s strong ascent. In addition, the crypto data aggregator executive suggests that BOND is currently overvalued with its market cap of over a billion dollars.

“At $160/BOND, Barnbridge will have a Fully Diluted Valuation of $1.6b. In my opinion, this is too high for a project that does not have a working product, although the idea & team seems promising. When Week 2’s harvest is ready from Pool 1 & 2, farmers may decide to take profit.”

At time of writing, BOND is trading at $152 according to CoinGecko.

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/AleksandrMorrisovich

Submit a Press Release

Industry Announcements

  • Threshold Network’s tBTC Is Now Live on Sui – Ushering In a New Era for Bitcoin DeFi
    July 9, 2025
  • LILPEPE Enters Fifth Presale Phase Following Rapid Sell-Out of Stage Four
    July 9, 2025
  • MultiBank Group Announces Early Access Waitlist for Pioneering MBG Token
    July 9, 2025
  • Status Unveils First Gasless Layer-Two on Linea With 100% Community Yield Allocation Mechanism
    July 9, 2025
  • NEXBRIDGE and NEXPLACE Raise $8 Million Series A To Launch Integrated Bitcoin Capital Markets Ecosystem
    July 9, 2025
  • Little Pepe Becomes the Hottest Meme Coin of 2025 After Raising Over $4.5 Million in Presale
    July 9, 2025
  • G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan as CEO To Launch the First Finger Vein Biometric Wallet
    July 8, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$111,115.77
$111,115.77
2.17%
Ethereum
$2,745.67
$2,745.67
5.35%
BNB
$667.75
$667.75
1.4%
Solana
$157.07
$157.07
4.39%
XRP
$2.40
$2.40
4.15%

Spotlight

  • Rich Dad Poor Dad Author Buys More Bitcoin, Touts $1,000,000 BTC Price Prediction
    July 2, 2025
  • Scammers Drain $20,000 From Billion-Dollar Bank Customer Who Took Out Loan for Business Purposes: Report
    July 2, 2025
  • Markets Will Choose US-Regulated Stablecoins Over CBDCs ‘All Day, Every Day,’ Says Treasury Secretary Scott Bessent
    July 2, 2025
  • Trader Issues Bitcoin Warning, Says Only ‘Small Sliver’ of Time Left in Bull Market – Here’s His Timeline
    July 2, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl