JuCoin Labs Research Report: JuChain Early-Stage Potential Projects Series (Part II)

The following content is released by JuCoin Labs:

The JuChain early-stage potential project series aims to provide investors with high-quality, forward-looking discoveries and insights, focusing on innovative Web3 projects that are not yet fully priced by the market but possess technological potential and community foundations. On-chain data shows that JuChain currently has over 720,000 total addresses, more than 25,000 total active users, and an average of over 170,000 daily transactions.

Previously, JuChain’s first native protocol, Butterfly, delivered an outstanding performance. Endorsed by the Thai royal family, it sold out 3,000 nodes within just 18 minutes during the node sales event. Its token surged over 52 times post-launch, reaching a market cap close to $50 million and delivering substantial returns to early investors. With this in mind, we continue to focus on JuChain’s early-stage potential projects, offering a more forward-looking perspective for investors. This article highlights UBI Network, MapleStory Universe, BUNANA.AI, and Xellar.

1. UBI Network (Token Not Yet Issued)

Project Overview

UBI Network, a winner of the JuChain Hackathon Vol.2, is headquartered in New York. It is a novel infrastructure protocol combining DePIN and DeFi, aiming to integrate the sharing of physical device resources with on-chain financial incentives, thereby tokenizing physical devices as assets. The project seeks to address low utilization, lack of incentives, and weak data credibility in edge computing, idle networks, and storage devices.

UBI Network offers a complete DePINFi protocol stack supporting device registration, data on-chain integration, credit calculation, and DeFi module interaction. Users or device providers can earn on-chain rewards via staking, collateralization, and liquidity incentives, achieving a closed-loop transformation from physical contribution to financial returns.

Key Highlights

  • Innovation in DePIN and DeFi Integration: UBI Network not only focuses on physical resource sharing but also incorporates mechanisms like liquidity mining, device staking, and point tokenization to enhance system liquidity and participation incentives.

  • Strong Team Background: The founding team includes Alexander Carter, an MIT graduate in Computer Science and Electrical Engineering and former Head of Blockchain Strategy at Google Cloud, and Dr. Liam Hayes, a PhD in Applied Mathematics from Oxford University and a global expert in cryptography and scalability. His prior work includes foundational Ethereum Layer 2 infrastructure such as zk-Rollups.

Project Progress

UBI Network completed its seed funding round in mid-May, led by early-stage tech investor LF Labs. It has a broad ecosystem network, collaborating with projects across DEX, Meme, and DePIN categories. It is currently integrating with JuChain to deploy on the mainnet and collaborate with native wallets and oracles, validating its “edge node–on-chain incentive” DePINFi model.

Although the token has not yet been launched, its application is already live on the App Store, Android, Mac, and Windows, offering token mining (e.g., $GRASS). The native token $UBI has a total supply of 1 billion, with 35% allocated for mining rewards, 30% to investors, 15% to the team and advisors, and 20% for public sale and operations.

Investment Logic

UBI Network represents a high-growth intersection of infrastructure innovation within the crypto space. Backed by a strong team and diversified ecosystem, it is well-positioned to apply the DePINFi model in vertical device scenarios (e.g., home routers, micro storage, shared WiFi), unlocking the productivity of real-world assets and capturing value through tokenomics—worth strategic mid- to long-term attention.

2. MapleStory Universe ($NXPC)

Project Overview

MapleStory Universe is a Web3 gaming ecosystem developed by Nexon (a leading South Korean gaming company) based on its classic IP, MapleStory. The project aims to reshape in-game asset ownership and community governance via blockchain, offering a tradable and ownable player experience. The ecosystem includes MMORPGs, simulation games, and UGC platforms, leveraging NFTs, tokens, and on-chain interaction to expand traditional gaming boundaries. In 2023, the project received approximately $100 million in funding from Nexon.

Key Highlights

  • Top Web2 Game Studio Backing: Nexon’s parent company, NXC, has invested in multiple crypto projects and exchanges, indicating a clear Web3 strategy and stable resource support.

  • Diverse Web3 Game Matrix: Extends beyond MMORPG to simulation and UGC platforms, enabling a broader spectrum of user participation and content/asset loop.

  • Developer Tools and Support: Plans to release SDKs and economic systems to support content creators in building assets and quests, fostering a co-creative economy.

  • On-Chain Asset Economy: In-game assets will be NFTs with native token utility for governance, trading, and incentives, ensuring value circulation and feedback.

On-Chain Data

$NXPC performs well on-chain, mainly on BNB Chain and Avalanche, with the majority of volume on BNB Chain. The token is listed on JuCoin, Binance, and Upbit. Its current market cap is $358 million with a daily trading volume of $1.1 billion. There are 1,886,644 total accounts, with 357,549 new accounts in the past 30 days, 6,054 new daily addresses, and a daily fee volume of 50,830 NXPC.

Investment Logic

MapleStory Universe is a flagship Web3 initiative by Nexon, combining IP heritage, a large user base, and abundant resources. Rather than a single game, it represents a multi-product ecosystem with tools for content creators, aiming to build a closed-loop around $NXPC. Its community-driven content and asset governance provide a framework for long-term growth.

Overall, the project’s strong foundation in IP, technology, user base, and ecosystem completeness offers compelling investment value, further strengthened by its Binance debut and strong on-chain data.


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3. BUNANA.AI (Token Not Yet Issued)

Project Overview

Another JuChain Hackathon Vol.2 winner, BUNANA.AI is an AI-powered trading assistant designed to help investors make informed decisions by analyzing market data, sentiment, and historical trends. It provides trading strategy recommendations for spot and futures markets. Users need whitelist access to use these AI agents.

Key Highlights

  • Multidimensional Market Analysis: Combines real-time data, sentiment analysis, and historical patterns for holistic trading suggestions.

  • Robust Tech Stack: Integrates Grok API, OpenAI API, Binance API, and Google Search API for real-time and deep analysis.

  • Expert Team: Includes former quant traders, NLP experts, and crypto strategy professionals with over a decade of experience.

Project Progress

The base analysis engine is complete and integrated with key APIs. Its alpha interface is live, offering features like sentiment analysis and graphical decision support.

BUNANA also plans to launch a community benefits NFT card and run trading contests and mission rewards to boost user engagement and data depth. The NFT collection is expected to launch soon as part of the user and points system.

Investment Logic

BUNANA.AI targets the growing demand for intelligent trading assistance in crypto, leveraging AI and diverse data integration. With strong automation and sentiment capabilities, it fits the high-volatility, asymmetrical crypto market well.

Despite the team’s current anonymity and early-stage status, its whitelist model and upcoming NFT-based community tools indicate a product-first and community-driven approach with beta growth potential.

4. Xellar (Token Not Yet Issued)

Project Overview

Xellar is a “Wallet-as-a-Service” infrastructure platform for Web3 developers, focusing on embedded wallets, account abstraction, and DeFi toolkits for AI agents, dApps, and Web3 projects.

Its goal is to lower development barriers and accelerate adoption with modular tools. Xellar focuses on the Southeast Asian market, offering the Xellar DevKit with social login, crypto transactions, developer support, and community resources.

Key Highlights

  • High Security: Uses top-tier security architecture with end-to-end encryption, MPC, and multi-factor authentication for asset protection.

  • Efficient Development: Modular tools, thorough documentation, and tech support boost developer productivity and reduce time-to-market.

  • Scalability: Flexible architecture suitable for both lightweight and enterprise platforms, with plugin and customization support.

  • Localization: Optimized for Southeast Asia’s user behavior, payment systems, and regulatory environment, enabling tailored Web3 app deployment.

Project Progress

Xellar has not yet issued a token and is currently in the infrastructure-building phase. It is actively collaborating with prominent chains like JuChain and recently supported JuChain Hackathon Vol.2.

Investment Logic

Focusing on Southeast Asia’s early-stage but high Web3 penetration market, Xellar has a regional first-mover advantage. Still in early construction with low valuation, it could emerge as a standard wallet infrastructure provider through ecosystem integration and developer adoption—worth mid- to long-term tracking.

Conclusion

This article highlights four early-stage Web3 projects within the JuChain ecosystem, covering infrastructure, gaming, AI trading assistants, and wallet services. These projects are making technical breakthroughs while actively building communities and partnerships, indicating strong momentum and broad development potential.

JuChain’s early-stage projects offer strategic value across DeFi, RWA, game IP transition, intelligent trading, and infrastructure services—providing diverse and innovative options for investors.

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Neason Oliver