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The altcoin market has recently been northbound, with the rapidly rising AI, gaming, and meme coin market. As such, investors are looking for coins within this sector, as FOMO is driving trading transactions upward.
New tokens and presales are attracting investors as they offer impressive growth potential. This review explores their use cases, performance metrics, and important news surrounding these coins.
New Cryptocurrency Releases, Listings & Presales Today
With ten stages left, Bitcoin Minetrix’s adoption is growing, amassing over $11.8 million in its current stage 30. Meanwhile, BlackRock’s Bitcoin ETF breaks the record of net inflows, indicating the potential for the bull run to continue. Similarly, new releases have debuted on exchanges like CMC and Coingecko.
1. DexToro (DTORO)
DexToro, a decentralized derivatives trading platform, has introduced its unique utility token, DTORO. This token is designed to sustain the long-term growth of the protocol. In addition, it serves three primary functions: staking, trading rewards, and governance.
Staking DTORO tokens entitles holders to a share of protocol revenue and additional trading rewards. However, these are slightly inflated compared to those earned by non-staking traders. Nonetheless, the aim is to incentivize both token holders to stake.
Traders are encouraged to purchase tokens or reinvest their trading rewards into staking. As such, they can capitalize on the increased trading rewards for active stakers. Meanwhile, the trading rewards are directly tied to the total fees paid. This means the more one trades, the more DTORO tokens one earns.
Furthermore, DexToro offers a proprietary product, the DexToro “Smart Wallet.” This innovative wallet leverages account abstraction and smart contract wallet technology. Likewise, it provides distinct features over centralized exchanges, order book-based DEXs, and traditional AMM-based DEXs.
DexToro’s peer-to-contract (P2C) trading mechanism ensures zero slippage, zero price impact trades, and minimal fees. It also protects against front-running and MEV bots and rapid trade executions. DTORO was launched on October 10th, 2023, with an initial supply of 25,000,000 tokens.
DTORO LISTING ANNOUNCEMENT! 🚨
DTORO has been listed on @CoinMarketCap!⚡️
Give us a boost with an upvote and share your bullish comment!🚀
↳ https://t.co/2jC26BAST2 pic.twitter.com/fzbUqOsZMr
— DexToro (@DexToro_com) March 6, 2024
The tokens inflation model involves weekly emissions starting at 1,153,846.22 DTORO in the first week. This gradually decreases to approximately 15,955.4269 DTORO (1% APY) over four years, resulting in a total supply of 80,527,792 tokens at the end of this period.
DexToro adoption is steadily growing, with its total trading volume surpassing $25 million in the ongoing rally. Additionally, the DTORO token has garnered major listings on platforms like CoinMarketCap (CMC), reflecting growing recognition within the crypto market.
2. Weave6 (WX)
Weave6 entered the market as a cutting-edge omnichain asset trading platform, seeking to transform dApps and asset management. The platform integrates an indexer, marketplace, and launchpad. To this end, it offers users a straightforward experience to launch, mint, and trade omnichain assets like NFTs and inscriptions.
Powered by ZetaChain’s cross-chain and omnichain standard infrastructure, Weave6 ensures users can easily manage their multi-chain assets regardless of the underlying blockchain. Currently, Weave6 supports various chains, such as ZETA, BTC, ETH, and BNB. This provides users with a chain-agnostic environment for their transactions.
The driving force behind Weave6’s ecosystem is its governance token, $WX tokens. These tokens are essential in governing the platform and facilitating transactions. Likewise, $WX tokens can be used for transaction fees, cross-chain bridge fees, omnichain NFT/inscriptions transaction fees, and accessing decentralized indexing services.
Regarding market performance, Weave6 is growing in adoption and collaboration. Weave6 has introduced the Genesis Pass Campaign in collaboration with ZetaChain. In line with this, it aims to empower users with token rewards and exclusive benefits. Additionally, the platform is conducting a Sunshine Illumination Campaign in partnership with web3dolphinAI. This targets $WX holders and ecosystem contributors to enhance the utility and engagement of $WX tokens.
https://twitter.com/weave6official/status/1765575577128542719?s=20
Exciting developments are also underway for $WX tokens. The Weave6 Uniswap v3 pool is live, offering increased liquidity and wider market access. This signifies promising times for $WX token holders and investors interested in the Weave6 ecosystem.
3. Seamans Token (SEAT)
SEAMAN’s emergence brings a fresh perspective to the global maritime industry. The project promises to revolutionize maritime professionals’ interaction and transact through its native token, SEAT.
Moreover, SEAMANS TEC enables easy global transactions, an essential feature in the international maritime industry. Similarly, SEAMANS TEC simplifies cross-border transactions through its token. In line with this, it facilitates efficient and rapid asset movement across different regions.
Another notable aspect of SEAMANS TEC is its decentralized asset-holding system. This system allows maritime industry participants to manage their assets independently, improving stakeholder trust and eliminating the need for central authorities or intermediaries.
Furthermore, SEAMANS TEC promotes transparency and trust through its blockchain-based platform. By making transaction records accessible to all participants, SEAMANS TEC enhances transparency and accountability.
https://twitter.com/SEAMANS_TEC/status/1765622215574442311?s=20
Additionally, SEAMANS TEC encourages community participation and ecosystem building. It fosters collaboration among maritime industry stakeholders. Therefore, as more participants engage with SEAMANS TEC, the ecosystem strengthens, increasing economic activity and cooperation within the maritime community.
Since its debut, Seamans’s market trajectory has been positive. The coin has achieved a listing on major platforms such as MECX, Coingecko, and CMC, suggesting increased community participation. Meanwhile, it has printed gains in the last intraday session, rising by 11.63% to $4.44.
4. Bitcoin Minetrix (BTCMTX)
With the mining sectors rising, Bitcoin Minetrix emerges with a groundbreaking solution poised to redefine the industry. Leveraging smart contracts on the Ethereum platform, Bitcoin Minetrix introduces its innovative Stake-to-Mine mechanism, designed to overcome the limitations of traditional cloud mining.
The project successfully launched its presale, amassing $11.8 million, with each token priced at $0.0138. Currently, 717,193,160 BTCMTX tokens have been staked, with an estimated annual rewards rate of 58%. Investors can earn 158.5 rewards per ETH block, marking Stage 30 of the presale, with only ten stages remaining. The next anticipated price rally is in four days, which is enough time for investors to capitalize on the current price.
Phase 2 of the project is centered on platform development and facility setup, including the creation of mobile and desktop software. Additionally, Bitcoin Minetrix aims to expand its team and engage in negotiations with major cloud mining conglomerates. The objective is to enhance the Stake-to-Mine contract and secure additional listings on various cryptocurrency exchanges.
Stage 30 of #BitcoinMinetrix is live! 🚀
➡️ Only 10 stages left now! pic.twitter.com/R9xQWBsssA
— Bitcoinminetrix (@bitcoinminetrix) March 6, 2024
In Phase 3, Bitcoin Minetrix plans to launch its Stake-to-Mine platform publicly, marking a significant milestone in its development journey. This phase will also witness the first withdrawal of mined BTC to users’ wallets, demonstrating tangible progress and growth for the project. In the last phase, Bitcoin Minetrix aims to achieve mass adoption of the BTCMTX token through sustained marketing efforts and expanding its cloud mining rental services.
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