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Furthermore, new tokens and presales are also basking in the current rally wave. This analysis delves into their utility, performance metrics, and notable advancements within these coin markets.
New Cryptocurrency Releases, Listings, & Presales Today
The PulseChain network is pioneering PulseLaunch as the cornerstone for the coming wave of blockchain innovations. Meanwhile, Fluidity announced the Fluidity Airdrop Season 3 on April 7. Starting NOW, trading with $FLY on DEXs, Staking, and LPing earns you Lootbottles! Furthermore, the Solana meme coin, $SMOG, has grown rapidly. It boasts an impressive community of over 110,000 holders and has completed 7.5 million quests on its platform.
In other news, Near Protocol co-founder Illia Polosukhin introduces Chain Signatures to enable multichain transactions from one account.
1. PulseLaunch (LAUNCH)
PulseLaunch thrives on the robust infrastructure of the PulseChain network to achieve efficiency, minimal transaction fees, and scalability. By integrating with PulseChain, PulseLaunch redefines the space for both project creators and users. As the pioneering project on the PulseChain network, PulseLaunch is the cornerstone for the coming wave of blockchain innovations. Its purpose is to propel the next generation of blockchain projects into the spotlight.
One of PulseLaunch’s core principles is distributing 10% of its net profits among $LAUNCH holders and liquidity providers. Holding PulseLaunch tokens grants priority access to upcoming projects launched via PulsePoints. Additionally, it serves as an avenue for earning rewards. By staking $LAUNCH, holders accrue PulsePoints, which can be used for whitelisting in the future. Furthermore, the allocation of PulsePoints corresponds to the amount spent. This is to promote greater participation for those who actively engage. PulsePoints are accessible through $LAUNCH staking to reward dedicated community members with early project access.
Additionally, the recently introduced PulseLaunch airdrop initiative presents an opportunity for early $LAUNCH token adopters to earn rewards. Through this campaign, holders of $LAUNCH tokens will receive DAO tokens during a specific blockchain snapshot event. Eligibility for the airdrop extends to all $LAUNCH token holders, with distribution focusing on those holding tokens at the time of the snapshot. Furthermore, DAO tokens will be distributed based on holdings recorded in the blockchain snapshot following the launch.
📣 PulseLaunch Week in Review
Starting today the PulseLaunch team will keep you up to date on developments, marketing and operations behind the scenes on weekly basis.
Here are some of the key highlights of the previous week:
– Development team is finalising the spec for the…
— PulseLaunch (@Pulse_Launch) April 5, 2024
With a total supply capped at 100 million, PulseLaunch tokens are designed to maintain scarcity and inherent value. The project prioritizes fair access, minus presales or involvement from venture capitalists, with 70% of tokens allocated to the Fair Launch. To top it all, users can access interactive educational modules to earn tokens while enriching their understanding of blockchain and cryptocurrency concepts.
2. RawBlock (RWB)
RawBlock is an innovative Layer-1 blockchain solution engineered for scalability, resilience, and connectivity. It leverages the Ethereum Virtual Machine (EVM) for effortless integration with diverse decentralized applications (dApps) and Web3 platforms. The protocol prioritizes user accessibility, decentralization, and robust security while boasting impressive transaction processing capabilities. Moreover, RawBlock champions blockchain interoperability for efficient data and value exchange.
Beyond its technological prowess, RawBlock is committed to community-driven, transparent, and decentralized products and services. It draws inspiration from the ethos of Web 3.0 and blockchain innovation to accommodate many applications and services. RawBlock aspires to set the benchmark for industry standards while remaining attuned to its community’s evolving needs and standards.
At the heart of the RawBlock ecosystem lies its native token, $RWB. This token is a vital component of the protocol’s functionality. $RWB empowers users to safeguard their assets and witness their holdings grow through staking. At the same time, it serves as the medium for gas fees within the RawBlock blockchain and expedites transactions. Stakers are rewarded with $RWB coins and earn a high Annual Percentage Yield (APY). This also helps to fortify the network’s resilience while incentivizing active participation.
Additionally, RawBlock implements a profit-sharing mechanism to create equitable rewards for all users. But these rewards depend on their contributions to the company’s profits. By aligning stakeholders’ interests with the project’s performance, RawBlock offers an appealing opportunity for both stakers and investors.
Meanwhile, RawBlock will collaborate with AigentX to enhance accessibility to vital project insights for $RWB token holders. This partnership is designed to improve the experience for both the team and token holders by streamlining information dissemination and interaction.
3. Fluidity (FLY)
The Fluidity (FLY) token introduces a novel approach to governance token distribution. It aims to foster diversification among genuine users while incentivizing positive value creation within its ecosystem. Fluidity seeks to minimize the concentration of tokens in a few hands through its Transfer Reward Function mechanism.
One of the primary challenges Fluidity addresses is the potential for early insider benefits due to a small float at a Token Generation Event (TGE). This usually leads to unsustainable price inflation and misaligned incentives. To counter this, Fluidity explores a balance between quick growth and decentralization. It proposes a custom model termed Utility Mining. This approach rewards users for providing liquidity and actively engaging with the protocol, emphasizing utility over time-based vesting.
Fluidity’s Utility Mining concept integrates traditional Liquidity Mining with a fairer distribution mechanism. By encouraging participation, Utility Mining ensures that users understand and contribute to the ecosystem’s functionality and features.
Moreover, Fluidity’s Utility Mining model generates organic liquidity within the ecosystem, fostering broader participation and utilization of assets. By incentivizing value-added use cases and involvement in various protocols, Fluidity aligns community interests with genuine ecosystem participation, creating a multiplier effect on expected outcomes for governance token holders.
Over 53% of the circulating supply of $FLY has been STAKED by over 1,000 individual addresses! 🏄
The surf goes on, our Airdrop is LIVE and all Stakers receive multipliers on their Lootbottles! 🌊
Stake. Trade. Earn. https://t.co/2SNwj33c6r
— Fluidity Labs – (🌊,💸) (@fluiditylabs) April 8, 2024
Additionally, Fluidity employs a payout-based buyback and perpetual liquidity fund mechanism to contribute to the protocol’s net benefit. Fluidity creates supply scarcity to reduce inflation, introduced through expected outcome farming. To achieve this, it utilizes a portion of rewards to buy back and burn governance tokens. The remaining funds are dedicated to perpetual liquidity to ensure stability and resilience within the protocol.
In essence, Fluidity’s governance token and distribution mechanisms incentivize active participation and utility within the ecosystem. The $FLY token also promotes diversification and sustainability to cultivate a robust and inclusive decentralized finance environment.
4. Smog (SMOG)
The Smog community has achieved an impressive milestone, completing a staggering 7.5 million quests on Zealy. With rapid developments underway, there is significant potential for growth. Meanwhile, Smog’s airdrop coincides with broader market dynamics over the next two months. While meme coins often exhibit high volatility, Smog stands out as a unique project.
$SMOG debuted on the Jupiter decentralized exchange (DEX) on February 7, 2024. It opened with the tagline: “No meme coin can withstand the fiery flames of SMOG.” What distinguishes Smog from its counterparts? Unlike typical meme coins, Smog prioritizes community involvement and interaction through ambitious airdrop initiatives.
Investors will require a Solana-compatible wallet containing SOL, USDT, or BONK to participate in the excitement. They will then use this wallet to purchase $SMOG through the Jupiter DEX aggregator or Birdeye. Each $SMOG serves as an entry ticket into ‘The Dragon’s Court’ crypto community. These tokens are essential for holders to qualify for every airdrop. Beyond simply holding tokens, participants can engage in various quests and opt to stake their $SMOG for a vesting period of 90 days to unlock additional rewards.
🚀 Exciting News Incoming! 🌟
Get ready, #Dragons! Something BIG is happening soon. 🐉
What do you think it could be?
Vote now and stay tuned for updates!
— SMOG (@SMOGToken) March 27, 2024
All cryptocurrencies come with inherent risks, and meme coins stand out as the most risky within the sector. This is primarily due to a lack of clear fundamentals, with their value often tied to the popularity of associated memes. Smog represents another intriguing development within the Solana ecosystem as it continues to gain ground against Ethereum.
Ethereum was the preferred blockchain for launching meme coins for a considerable period. However, the recent triumphs of Solana-based projects like WIF, BONK, and SLERF pose a formidable challenge to Ethereum’s dominance. This shift suggests the potential upside for meme coins in general. Moreover, a meme coin like Smog may surpass any other new meme coin currently in the market.
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