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Discussions surrounding cryptocurrencies have been the central topic of November’s forthcoming US presidential elections. President Joe Biden and Republican candidate Donald Trump have also shown interest in the topic, signaling that Digital assets might get a favorable stance with the next administration. In other news, the cryptocurrency market experienced a mixed performance in the most recent intraday session. While Bitcoin dipped slightly, the US spot ETF market witnessed positive inflows for the fourth consecutive session.
Meanwhile, low-capped tokens, including new cryptocurrency launches, listings, and presales today, attracted investor attention. InsideBitcoins has curated a list of these newly launched tokens, updating investors with current market information.
New Cryptocurrency Releases, Listings, and Presales Today
Renzo Protocol is a strategy manager and liquid restaking token provider for EigenLayer and Symbiotic. Meanwhile, Pepe Unchained, an advanced iteration of the original Pepe project, has gained significant attention since its introduction into the digital asset market. It has surpassed the 3.2 million mark in its ongoing presale.
EgonCoin, on the other hand, integrates various decentralized applications (dApps) and services into a unified ecosystem within its blockchain platform. Analysts emphasize that block investors require further insights to gauge the earnings potential of these crypto units accurately.
1. Renzo Restaked LST (PZETH)
Renzo Protocol is a strategy manager and liquid restaking token provider for EigenLayer and Symbiotic. Its primary tokens, $ezETH and $pzETH, are designed to secure Actively Validated Services (AVSs) through restaking, offering higher returns than traditional ETH staking.
Renzo Protocol simplifies the complexities associated with staking for end-users. It eliminates the need to manage node operations, optimize strategies, or interact with on-chain smart contracts. This user-friendly approach promotes permissionless innovation on Ethereum and aims to build trust within the ecosystem. Consequently, Renzo encourages the adoption of technologies like EigenLayer and Symbiotic.
Renzo’s product offerings include the Restake feature, launched in beta on December 18, 2023. This application allows users to deposit native ETH, wBETH, or stETH to access EigenLayer Restaked points. The platform operates a distributed Ethereum validator infrastructure powered by Figment, P2P.org, and Luganodes, thus facilitating unrestricted participation on EigenLayer.
Moreover, the withdrawal feature enables users to claim their underlying collateral in exchange for ezETH. This process is managed by the WithdrawQueue contract, which includes two main configurable parameters. Renzo does not cap ETH deposits on EigenLayer, accepting native ETH and LSTs (stETH and wbETH) backed by one LRT (ezETH).
Renzo has established key partnerships to enhance its services. The collaboration with Figment_io on EigenLayer aims to secure AVSs and promote greater adoption. This partnership grants Renzo users access to Figment’s industry-leading node operations.
In addition, Renzo’s partnership with Connext makes $ezETH widely supported across eight chains, facilitating easy and low-fee movement of $ezETH across ecosystems. This collaboration includes the Restake from Anywhere feature on Arbitrum, which offers one-click restaking, near-zero fees, and TVL retention within Arbitrum.
Join the Restaking SuperFest with @Optimism
🎇OP Rewards for Renzo users across your favorite L2@base @modenetwork @Optimism @fraxfinance
🤖Dapps included@GearboxProtocol @SturdyFinance @SiloFinance @Ionicframework @glyph_exchange @exchange_RA FraxLend
🌉Bridge ezETH… https://t.co/FHW1jdPzpw
— Renzo (@RenzoProtocol) July 9, 2024
Furthermore, Renzo collaborates with Gauntlet_xyz and MorphoLabs to introduce the “ezETH only” LRT MetaMorpho vault, the Gauntlet LRT Core (gtLRT). Other notable partnerships include collaborations with Wormhole Crypto, Halborn Security, Biconomy, Balancer, SommFinance, and SevenSeas, with more in the pipeline.
In conclusion, Renzo Protocol presents a comprehensive solution for users seeking to simplify the process of ETH staking and restaking. Its strategic partnerships and user-friendly approach position it as a significant player in the Ethereum staking ecosystem, promoting innovation and adoption across various platforms.
2. Pepe Unchained ($PEPU)
Pepe Unchained, an advanced iteration of the original Pepe project, has been making waves since its introduction into the digital asset market, surpassing the 3.2 million mark in its ongoing presale. The cryptocurrency operates as a Layer 2 solution on the Ethereum Network, promising enhanced transaction efficiency through faster speeds and reduced costs.
The project departs from traditional Layer 1 constraints, aiming to evolve Pepe into a more technologically robust entity. This narrative appeals to investors seeking innovation and improved crypto operational efficiency.
The distribution of Pepe Unchained’s 8 billion PEPU tokens is strategically planned for sustainable growth. Notably, 20% are earmarked for presale and another 20% for marketing, prioritizing initial momentum and investor engagement. Additionally, 10% is allocated to liquidity, project finance, and chain operations to ensure stability and trading liquidity. A substantial 30% is reserved for staking, emphasizing long-term investor participation.
A notable feature is the staking option, offering an attractive APY of 585%, appealing to investors interested in passive income opportunities. Early presale results have been promising, with PEPU tokens priced at $0.008359 each, indicating affordability and potential for growth.
Another chain broken!
Pepe officially hits $3M! Thank you for the incredible support. The journey is just beginning. 🐸🚀 pic.twitter.com/yySoWoXaCa
— Pepe Unchained (@pepe_unchained) July 10, 2024
Investors can purchase PEPU tokens using ETH, USDT, or BNB, with staking rewards available exclusively for ETH and USDT transactions. Including bank cards as a payment method enhances accessibility for potential investors.
Pepe Unchained’s roadmap outlines incremental growth stages post-presale, anticipating value appreciation as milestones are achieved. Overall, Pepe Unchained offers a compelling proposition in the memecoin market, leveraging technological innovation and strategic planning to attract diverse investors.
3. EgonCoin (EGON)
EgonCoin is a blockchain platform integrating various decentralized applications (dApps) and services into a unified ecosystem. The platform addresses prevalent blockchain issues, such as scalability, speed, and cost-effectiveness.
Operating on its proprietary blockchain, EGONCHAIN, EgonCoin uses the Elevated Proof of Stake (EPoS) consensus mechanism. This mechanism improves security and transaction speeds while lowering associated costs. Furthermore, EPoS seeks to democratize the mining process, enabling a broader range of participants to contribute to network security and consensus.
A key advantage of cryptocurrencies is the ability to make peer-to-peer payments without third-party involvement. EgonCoin enhances this by offering faster, more secure, and cost-effective P2P transactions. This positions it as a competitive alternative in the crypto space.
Additionally, EgonCoin functions as a utility coin on the Egon Exchange platform. Like Binance Coin (BNB) on Binance, it acts as a medium of exchange. It also provides users various benefits and discounts when used for fee payments on the platform. The discount rate depends on the user’s activity level on the exchange. Moreover, EgonCoin holders can access exclusive events, promotions, and other perks. These benefits enhance the coin’s value and foster a sense of community.
EgonCoin has formed strategic partnerships to strengthen its ecosystem. The collaboration with CoinLiquidity, a leading crypto market-making service provider, leverages advanced trading algorithms and extensive liquidity connections.
🚀 Exciting News Alert! 🚀
📢 Attention all EgonCoin enthusiasts! We're thrilled to announce that $EGON will soon be listed on https://t.co/68KpaIR7i0, one of the leading cryptocurrency exchanges in the market! 🎉
As promised, we're delivering on our commitment to expanding… pic.twitter.com/DLaQsTiiyr
— Eagle Network (@EagleNetworkApp) May 31, 2024
This partnership offers comprehensive CEX solutions, enhancing listings and overall service quality. The collaboration with Catapult Protocol, a bridge/swap platform created using the EgonCoin Blockchain, plans to launch its token on the EgonCoin Blockchain. This expands the platform’s reach and utility. Following a recent blockchain upgrade, EgonCoin has integrated with Coinstore. This integration ensures that all EGON coin holders on Coinstore receive a 1:1 redistribution of their holdings in line with the updated system.
EgonCoin is a versatile blockchain platform focusing on scalability, speed, and cost-effectiveness. Its unique features and strategic partnerships position it as a potential player in the evolving cryptocurrency landscape.
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