OpenEden Airdrop countdown, EDEN Token may become the "next STBL" in the RWA track.

As the September 30 launch date of the OpenEden Token (EDEN) rapidly approaches, investors in the crypto market are closely following this project, which is hailed as the "next star in the RWA track." As the issuer of the world's first regulated, yield-bearing stablecoin USDO, which is pegged to the US dollar on a one-to-one basis and fully backed by tokenized assets of US Treasury bonds, OpenEden has already attracted a lot of attention before the token launch. Can this TGE replicate the success of STBL? Let's dive in for a deeper analysis.

OpenEden: The "Regular Army" of the Stablecoin Race

Unlike many projects that attract investors solely based on concepts and roadmaps, OpenEden has delivered tangible results. Its core product USDO is an innovative stablecoin with three main characteristics:

Full National Bond Collateral: 100% collateral provided by tokenized assets of U.S. Treasury bonds.

Regulatory Compliance: Obtain full regulatory approval, suitable for institutional investors.

Built-in Yield: Provides risk-free yield after being wrapped as cUSDO

This model combines traditional financial assets with blockchain technology, providing users with a secure and profitable stablecoin option. The main use case for USDO is the TBILL fund, which is the first tokenized fund of U.S. Treasury bonds to receive a Moody's A rating and has been rated by S&P Global, making it fully adoptable by listed companies and investment institutions. At the same time, it is also one of the longest-running funds in tokenized money market funds.

USDO vs STBL: Similar but further advanced

There has already been a lot of discussion in the market about the similarities between OpenEden and the STBL that became popular earlier this year:

However, OpenEden seems to be more solid in its business execution. Compared to STBL's approach of launching the token first and then doing things, OpenEden has already achieved a TVL of nearly 300 million USD for USDO, while most of STBL's business still remains in the roadmap stage.

It is worth noting that OpenEden has received its first investment from YZI Labs in the RWA track, which is seen as a strong endorsement of the CEX ecosystem. Founder Jeremy Ng's background is also quite impressive, having worked at institutions such as Goldman Sachs, Morgan Stanley, and Gemini, bringing rich financial expertise to the project.

EDEN Token: Economic Model and Price Expectations

The total supply of EDEN Tokens is 1 billion, and the distribution structure shows the project's emphasis on long-term development:

Bills Airdrop: 7.5%, used to reward early community participation.

Ecosystem and Community: 38.5%, used for staking rewards, liquidity programs, and exchange listings.

Early Adopters: 6%, incentivizing early supporters

Foundation: 10%, supporting governance, operations, and grants

Investors: 18%, subject to a six-month cliff and a 24-month vesting schedule.

Team and Advisors: 20%, delayed issuance ensures long-term commitment.

This distribution method reflects OpenEden's balance between immediate liquidity and long-term sustainability. Compared to projects that deliver a large amount of tokens to early investors in advance, this model incorporates safeguards against sudden sell-offs.

Price Outlook: From Pre-Market Trading to Market Expectations

On September 29, the price of EDEN Token was approximately 0.78 USD, having decreased by 16% in the past 24 hours. According to market data, the initial issuance price of EDEN on major exchanges is expected to be between 0.70 USD and 1.00 USD.

Considering the current enthusiasm in the crypto market for RWA projects and the business foundation that OpenEden has already established, the EDEN Token may attract a lot of attention after its listing. However, the specific price performance will depend on the overall market environment, liquidity levels, and the execution of the project.

Why has OpenEden attracted attention in the market?

The launch of OpenEden coincides with a structural transformation in the cryptocurrency industry, driven by three main factors:

RWA Track Development: Institutional investors are increasingly exploring blockchain as a vehicle for traditional financial products, and projects that successfully achieve the tokenization of real-world assets are seen as an important bridge connecting DeFi and the global capital markets.

Practicality Driven: Market participants are seeking tokens with real-world applications to counter the volatility of purely speculative assets.

Regulatory Friendly: As global regulatory bodies begin to clarify tokenization frameworks, compliance-oriented projects like OpenEden may benefit from a more favorable regulatory environment.

The TBILL fund has received an A rating from Moody's and a global rating from S&P, which is extremely rare in the encryption field, giving OpenEden a unique appeal to institutional investors.

Investor Participation: EDEN Airdrop and Listing

According to the official announcement, the EDEN Token will be launched on September 30, 2025, with the initial distribution taking place through the CEX Alpha event. Eligible users will be able to claim the allocated tokens through the Alpha Points program.

For investors looking to participate, here are some potential considerations:

Initial Volatility: New Token listings are usually accompanied by high volatility in the early stages, participating in batches may be a risk management strategy.

Liquidity Factors: Initial trading liquidity may be limited, and large orders may lead to significant slippage.

Long-term Potential: Assessing the long-term value proposition and sustainability of OpenEden's business model.

Risk Control: Set clear investment strategies and risk tolerance.

Risks and Challenges: Factors that cannot be ignored

Despite the promising outlook of OpenEden, investors still need to be wary of the following risks:

Regulatory Uncertainty: The success of RWA tokenization largely depends on regulatory transparency and cross-border compliance.

Market Volatility: The crypto market remains highly volatile, with macroeconomic events potentially affecting EDEN's performance.

Intensifying Competition: The competition in the RWA track is becoming increasingly fierce, and OpenEden needs to continue innovating to maintain its competitiveness.

Technical Risks: Vulnerabilities in smart contracts or technical failures may affect platform security and user trust.

Conclusion: Can OpenEden become the next STBL?

The airdrop and token launch of OpenEden is not only a release of cryptocurrency but also represents an important milestone in the field of RWA tokenization. With its established business foundation, institutional-grade partnerships, and clear token economic model, EDEN indeed has the potential to become a significant player in the RWA space.

As the launch date of September 30 approaches, the market is full of anticipation regarding whether OpenEden can deliver on its promises. Although risks still exist, its potential in promoting RWA tokenization development is significant for the crypto market.