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Blockchain technology is increasingly enhancing financial utilities, propelling cryptocurrencies into the forefront of the global financial market. Coinbase, for example, plans to introduce five new futures contracts, aiming to facilitate easier market entry for traders. This comes amidst growing excitement and institutional adoption, prompting investors to seek simpler avenues to participate.
Furthermore, many new cryptocurrencies are emerging, getting listed, and being offered in presales, capturing significant attention. This article aims to simplify the search by highlighting the top tokens in these categories and providing comprehensive insights into their features, utilities, and market prospects.
New Cryptocurrency Releases, Listings, and Presales Today
Base Dawgz experienced significant growth in its initial presale stages. On its first day, it raised $200,000, reaching $1 million within the first week. With over $2.3 million currently raised, Base Dawgz showcases notable market acceptance.
SIA has emerged as a marketplace for AI models, applications, and solutions developed collaboratively by the community. TeleportDAO facilitates the connection of Bitcoin to EVM chains and Bitcoin layer 2s through a trustless bridge. This infrastructure enables developers to create secure and decentralized cross-chain applications for Bitcoin. Having surged above $63,000, Bitcoin marks a strong start to the second half of 2024.
1. Teleport System Token (TST)
TeleportDAO connects Bitcoin to EVM chains and Bitcoin layer 2s through a trustless bridge. This infrastructure allows developers to create secure and decentralized cross-chain applications for Bitcoin. Light-client verification ensures Bitcoin data verification on other chains without relying on third parties. A decentralized network of Relayer nodes submits Bitcoin block headers on the target chains. These are then verified and finalized against Bitcoin consensus rules.
TeleportDAO powers two applications: TeleSwap and TeleOrdinal. TeleSwap bridges BTC and Bitcoin tokens (BRC-20s and RUNEs) to other chains. This protocol lets users trade Bitcoin assets for ERC-20 decentralized tokens. Users can also wrap their Bitcoin assets to receive decentralized wrapped assets that are usable in DeFi applications on the target chain.
TeleOrdinal, on the other hand, serves as the first cross-chain marketplace for Bitcoin NFTs (Ordinals). It allows users to buy Ordinals with stablecoins without needing to trust sellers. Users can list an Ordinal or create a collection on TeleOrdinal. Subsequently, others can bid on these listed Ordinals, with their funds held in a smart contract. These funds are released to the seller once they transfer the Ordinal to the buyer, who will provide proof of the transfer.
$TST TRADING HAS BEGUN!📣🚀
Live now on:
⚡️@Bybit_Official
⚡️@kucoincom
⚡️@gate_io
⚡️@bitgetglobalTrade Now!
Links in thread👇 pic.twitter.com/2342CpRj8W
— TeleportDAO (@Teleport_DAO) June 27, 2024
TeleportDAO enhances its offerings through strategic partnerships. For example, collaboration with Portal Finance integrates the TeleportDAO bridge into the Portal DEX, advancing seamless cross-chain trading and asset accessibility. A partnership with Bitsmiley also bridges bitUSD to EVM chains and Bitcoin layer 2s using TeleportDAO’s secure bridging protocol.
Moreover, in collaboration with @AcrossProtocol, TeleportDAO enables the purchase of Ordinals and BRC20 tokens using various EVMs, including Ethereum, Optimism, Arbitrum, and Polygon. Therefore, this expansion broadens access and usability for users across multiple platforms.
2. Base Dawgz (DAWGZ)
Base Dawgz is a new player in the cryptocurrency market. It combines popular meme characters with a novel concept centered around “base jumping.” This idea represents seamless asset transfers across Ethereum, Solana, Avalanche, and Binance Smart Chain blockchains.
In its initial stages, Base Dawgz has shown notable growth. On the first day, it raised $200,000. Moreover, within a week, it reached $1 million, eventually concluding its presale with over $2.3 million. The project’s native token, DAWGZ, launched at $0.00581 and is anticipated to increase in value soon. This growth aligns with a well-defined tokenomics plan to reward early investors and participants.
Furthermore, a key feature of Base Dawgz is the “Be Social for Airdrop” initiative. This program encourages users to create and share content about the project on specified channels to earn reward points. Consequently, these points can be exchanged for additional DAWGZ tokens after the presale, fostering community engagement and visibility.
Congrats $DAWGZ
We reached $2.3 million raised! Let's keep pushing to 2.5! pic.twitter.com/uoAr2OMTGo
— Base Dawgz (@BaseDawgz) July 2, 2024
Besides, the total token supply of 8,453,000,000 DAWGZ is strategically allocated: 20% for initial availability, 20% for staking, and 20% for liquidity. The remaining 40% is divided among marketing efforts (15%), community rewards (15%), and exchange listings (10%). This allocation aims to maximize impact and sustainability.
Overall, Base Dawgz offers a unique proposition in the cryptocurrency market. It aims to simplify and enhance cross-blockchain asset transfers. Moreover, its tokenomics and community-driven growth strategies are noteworthy. However, the project’s success will likely depend on continued community engagement and effective roadmap execution.
3. Sia Labs (SIA)
SIA emerges as a marketplace for AI models, applications, and solutions developed collaboratively by the community. Its primary goal is democratizing access to advanced AI tools, empowering businesses and individuals while fostering innovation and ensuring equitable distribution of AI resources globally. Through a curated selection of vetted AI models, user-friendly APIs, and a platform for fine-tuning models, SIA drives technological advancement.
Enhancing user experience, SIA integrates AI tools seamlessly with various platforms, providing intelligent insights, pre-built AI models, and competitive advantages. Notably, the platform offers AI point solutions, AI as a service, SaaS, and platform solutions, which are highly adaptable and platform-agnostic.
Strategically, SIA has forged several partnerships. AISocietyLabs combines the metaverse, AI NPCs, and user-operated nodes, offering a customized digital experience where AI NPCs assist users in various services. With Google’s support, joining the GoogleAI Startup Program accelerates SIA’s technology development and innovation. TheMetakraft collaborates on 3D generative tools for creative professionals, facilitating the launch of NFT-gated 3D experiences and games, including a text-to-3D asset generation tool for creating NFTs usable in games and VR ecosystems.
NOWChain ensures security and scalability for digital transactions and decentralized applications, leveraging Proof of Mobile (PoM) to integrate everyday devices into blockchain innovation. Luma Protocol focuses on trading services for native DePIN tokens, enhancing liquidity and dynamism in the DePIN sector.
🚀 Sia Labs is teaming up with @AISocietyLabs
📗AI.Society is an innovative AI platform that combines the metaverse, AI NPCs, and user-operated nodes. It offers a customized digital experience where AI NPCs assist users in various services.
We are looking forward to more more… pic.twitter.com/B58PZGtO5W
— Sia Labs AI (@SiaLabsAI) July 2, 2024
DimAIGlobal simplifies content creation with its NFT creation platform on the Qitmeer Network, offering comprehensive NFT minting services. Lastly, Orange Web3 integrates AI into user-generated content tools for web3, gaming, and metaverse applications through its EVM Layer 1 blockchain.
In positioning itself as a key player in the AI marketplace, SIA emphasizes collaboration and accessibility. SIA supports technological innovation and equitable resource distribution by making advanced AI tools available to a broader audience.
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