Breaking down the knowledge wall: How Scihub promotes academic sharing with a decentralized concept

Bitget App

Trade smarter

交易员小帅2024/11/20 09:39

By:交易员小帅

I. Project introduction

$Scihub is a Meme token on the Solana chain, inspired by Sci-Hub, the world's largest free paper download platform. As a pioneer in promoting scientific knowledge sharing, Sci-Hub has long relied on donations to maintain its operations, and the birth of $Scihub provides it with a new on-chain support model. By combining the concept of decentralized science (DeSci), $Scihub aims to assist the operation of Sci-Hub and promote the development of global open science.

On November 17th, WTF Academy founder 0xAA announced on the X platform that the $Scihub token community and Sci-Hub founder Alexandra Elbakyan have reached a consensus on a 20% token donation plan. The first donation of 1% (10 million tokens) has been completed, and the second donation of 10% (100 million tokens) is underway. Starting from December 2024, 1% will be donated on the 16th of each month for 9 months, with a total donation of 200 million tokens, accounting for 20% of the total circulation. In addition, Alexandra promises to sell up to 1% of its tokens per month to maintain Sci-Hub operations, ensure minimum fundraising goals, and actively participate in community building and promotion.

Scihub's mission is not only to support the sustainable development of Sci-Hub, but also to make scientific research more transparent and open through the support of blockchain technology, providing a fairer and more decentralized academic ecosystem for global researchers and the public. This is not only a combination of technology and science, but also a social experiment of open knowledge.

Breaking down the knowledge wall: How Scihub promotes academic sharing with a decentralized concept image 0

Ⅱ.Narrative Description

The story of $Scihub began with a familiar and complex problem: the high paywall for scientific papers. As the world's largest free paper download center, Sci-Hub has been committed to allowing more people to access the value of scientific research, but has been hit by copyright issues and donations have become the only pillar of the platform. The emergence of $Scihub seems to bring another possibility.

The inspiration for the token comes from Alexandra Elbakyan, the founder of Sci-Hub, and her fearless pursuit of open science. In a field suppressed by legal and commercial interests, she chooses to connect knowledge and the public in an open way, while $Scihub hopes to use the power of blockchain to give her career more wings. The platform can now obtain more lasting financial support through $Scihub's on-chain donations, allowing global researchers to climb over the "high wall" of knowledge with more peace of mind.

0xAA, a blockchain guru from Peking University, is an important force behind $Scihub. He not only purchased 22% of the tokens, but also promised to donate a large portion to Alexandra to support the continued operation of Sci-Hub. The remaining tokens are also designed very cleverly, with a maximum of 1% destroyed per month to maintain the stability and health of the entire token ecosystem. This series of operations seems simple, but conveys a simple belief - knowledge should belong to everyone, not monopolized by a few.

Scihub's token economy model is also very user-friendly. Alexandra can sell a portion of its tokens every month for platform operations. This not only supports Sci-Hub's mission, but also protects community value.

For supporters of decentralized science (DeSci), $Scihub is not just a token, but also an attitude - believing in the transparency and sharing of science, and believing that knowledge can be made more accessible through the power of the community. In the blockchain world, tokens like $Scihub not only show the possibilities of technology, but also make people feel the warmth of connecting science and people's hearts.

The future of $Scihub may still have a long way to go, but its story has attracted countless eyes. People not only expect it to become a "decentralized beacon" in the academic world, but also hope that it can provide more inspiration for innovation in the blockchain world. Science, blockchain, open sharing - all of this has just begun.

III. Market value expectations

$Scihub Current price: 0.04 dollars

Market capitalization: $40M

Benchmark project type and market value expectations

$RIFSOL: a decentralized scientific concept meme coin, published on the Pump Science platform, with the theme of antibiotic research and longevity research

Unit price: 0.128 dollars

Market capitalization: $129M

If $Scihub reaches the market value level of $RIFSOL:

The unit price is about 0.129 dollars

Increase: + 222.5% of current price

URO: a decentralized scientific concept meme coin, published on the Pump Science platform. Urolithin A is a naturally occurring compound associated with potential health benefits and anti-aging properties.

Unit price: 0.056 dollars

Market capitalization: $56.8M

If $Scihub reaches the market value level of $URO:

Unit price is about 0.057 dollars

Increase: + 42.5% of current price

IV. Economic models and on-chain chip analysis

According to GMGN data: TOP100 holdings: 54.8% TOP100 average buying price: 0.02096 dollars, TOP100 average selling price: 0.02804 dollars

Currently, TOP100 addresses control 54.8% of the circulation, reflecting the high concentration of chips. This centralized model makes the market price extremely sensitive to the fund movements of top accounts. At the same time, the 20% token donation plan launched by WTF Academy in collaboration with Sci-Hub founder Alexandra Elbakyan will have a profound impact on the distribution of market chips and long-term ecology.

1. Donation plan

The donation plan is divided into three stages:

Phase 1:1% of the total circulation (10 million) has been donated.

Phase 2:10% of the total circulation (100 million coins) will have been donated.

Phase III: Starting from December 16, 2024, 1% of the circulation will be donated regularly on the 16th of each month for a total of 9 months (a total of 90 million pieces).

A total of 200 million SCIHUB (20% of the total circulation) will be gradually injected into the community. The long-term dilution of holdings and fundraising purposes brought by the donation plan will reshape the market's perception of token value.

2. The market impact of the donation release mechanism

The donation plan has designed a flexible fundraising mechanism to maintain market stability while releasing tokens.

Monthly Sale Limit: Up to 1% of tokens (10 million) can be sold per month, with a fundraising target of $20,000. If the token price drops and the token value is less than $20,000, flexible adjustments to the sale quantity are allowed.

Long-term promotion plan: Alexandra Elbakyan will use these donated funds to support Sci-Hub operations and promote the healthy development of the token ecosystem through promotional activities.

3. Detailed analysis of the distribution of chips on the chain

The current on-chain chips show the phenomenon of large-scale control and capital flow coexisting

The contrast in fund flow is clear: for example, F34pq... voB recently increased its holdings by more than 2000 SOL, indicating a bullish sentiment. On the other hand, cvvhD... c4R account recently reduced its holdings of tokens by $164K, with a profit of up to 26913.6%, demonstrating a strategy of differentiation among major investors.

In addition, the release of donated tokens will gradually dilute the holding ratio of the top players, helping to reduce the risk of excessive concentration of chips.

At the same time, on-chain data shows that some large investors have made huge profits after buying at a low price. The recent high-level selling behavior shows signs of reducing positions. However, at the same time, some new funds continue to flow in, especially the implementation of donation plans, which further optimizes the distribution of chips. This flow of funds will exacerbate the short-term price volatility of the market. Donated tokens will be released monthly. Although the dilution effect may bring price pressure in the short term, in the long run, this mechanism will help improve the problem of excessive concentration of chips in the market. The market needs to focus on whether donated tokens will be quickly sold off and the degree of impact on the circulation market.

V. Risk Warning

1. The circulating chips are mainly concentrated in the hands of a few large investors. Once the top accounts are reduced in a concentrated manner, it may lead to drastic fluctuations in market prices and bring high risks to ordinary investors. In the process of gradually releasing donated tokens, the concentration of chips in the market may be alleviated, but large investors still have strong control over the market in the short term.

2. The donation plan releases a total of 20% of the tokens, which will be gradually injected into the market circulation. Although this mechanism helps the operation of Sci-Hub, it may bring pressure to increase supply during the release process, especially when the market demand cannot be synchronized, and the price may be significantly suppressed.

VI. Official links

Twitter：https://x.com/SciHubFans

Telegram：https://t.co/67N7cpQFen

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.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!