Binance Alpha Piggy @ piggycell October 28th Piggycell is an RWA/DePIN project based on the South Korean shared power bank network, aimed at tokenizing real-world charging infrastructure. The project has a 95% market share in South Korea, operating over 14000 charging stations, 100000+devices, and serving over 4 million paying users. 1、 Fundamentals Core positioning: Piggycell is located at the intersection of RWA (Real World Assets) and DePIN (Decentralized Physical Infrastructure Network), tokenizing tangible infrastructure (charging devices) and intangible data (usage records) as on chain assets. Narrative theme: Daily application to on chain value: convert daily charging into tokenized rewards, in line with the concept of "charging is mining" Decentralized ownership and revenue sharing: shifting from platform monopoly to community driven model Sustainable development and ESG integration: tokenizing carbon credits through verifiable data Empirical based global expansion: Starting from the dominant position in the Korean market, provide scalable DePIN solutions for Asia and other emerging markets Technical architecture: • Blockchain layer: event recording and smart contract automation based on opBNB IoT data pipeline: devices stream telemetry data through sensors DePIN module: IoTeX integration provides modular security User interface: Web3Auth supports social login without the need for mnemonic words 2、 Financing and Endorsement Total financing amount: approximately 13 million Early rounds (before 2023): $2.99 million, 4 rounds of financing Seed round in 2025: $10 million (February 15, 2025) Investment institutions (accounting for approximately 60% of the 2025 rounds): Animoca Brands: Crypto gaming/Web3 giant, AUM over $2 billion DWF Labs: Renowned cryptocurrency market makers and venture capitalists Galxe: Web3 credential platform Strategic support (approximately 40%): New Korea Financial Group: South Korea's top bank with AUM exceeding $100 billion Hana Financial Group: a first tier bank that provides regulatory compliance JB Financial Group: Regional Banks HiteGinro: Consumer brand, continuous investment 3、 Founder and Team John Lee (Co founder&CEO): Leading Chungyeondwaeji's transition to Piggycell's Web3 • Rich experience in Web2 infrastructure • Represented projects at global events such as the 2025 Dubai Unchained Summit Jongsik Lee (co-founder): Co founded the project with John Lee • Participated in the operation of the original Chungyeondwaeji Daniel Kim (COO): • Responsible for operations, including ecosystem growth and partnership relationships • Participate in on chain record generation and global expansion 4、 Token Economy Total amount: 100 million pigs Token allocation: TGE Unlock (October 28, 2025): • Liquidity: 100% immediate unlocking • Each incentive pool: approximately 10% initial unlock Financing: 20% unlocked for investors Team: 0% (fully locked in) Subsequent unlocking: • 2026: Linear release of team/financing/contributors (2-3% per quarter) • Incentive pool based on milestone release The national treasury unlocks through DAO voting TGE initial circulation is 7.25%. 5、 Pre sale/Airdrop No traditional pre-sale. Multiple airdrops: Binance Alpha Points Airdrop: • Consume 15 Alpha points • Requires 226+points to participate Galxe pre TGE airdrop: Based on Piggy Watts points Distribute from the 'Challenge' allocation Continuous ecosystem airdrops: • 50% of the total supply+ • Automatic distribution based on actual usage data 6、 Overall rating Overall rating: 7/10 Piggycell is a project with practical applications in the RWA/DePIN track, and its tokenization model based on real income and user base has a certain degree of sustainability. And the Korean market is more prone to FOMO, with strong endorsements from institutions such as Animoca Brands and New Korea Financial. TGE's 7.25% circulation is also not high, so pay attention to the opening price. A low opening is definitely worth a push.