News

Top 8 Projects to Watch

Published

7 months ago

23 May, 2024

Cryptocurrencies that have integrated artificial intelligence (AI) or plan to do so have been soaring in popularity.

The fast-paced expansion and development of AI have generated considerable interest, controversy, and fear among the public, especially tech enthusiasts, investors, and even government officials and politicians. Projects like OpenAI’s ChatGPT, as well as its numerous alternatives, have been making headlines left and right, and this has inevitably impacted the crypto industry.

This can be reminiscent of Bitcoin and the early creation of the decentralized finance (DeFi) market.

But as with the broader cryptocurrency market, AI-focused projects have also increased in their numbers and identifying the legitimate and promising ones can be a bit challenging.

That’s why, in this guide, we take a closer look at the top AI-based crypto protocols that you should have on your watch list.

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What is AI Crypto?

Before proceeding, let’s briefly explain AI crypto and why this sector has blossomed in the last few years.

At the forefront of crypto, AI crypto projects appreciated substantially, especially in the first quarter of 2024. The reason is not just hype; the combination of AI and blockchain technology has opened several windows of new use cases and applications for finance, data storage, cloud computing, and much more.

In decentralized finance (DeFi), for example, we can see different types of dApps using AI. Decentralized exchanges (DEXs) can use AI to facilitate trade automation through algorithms (as many automated market makers do).

AI can also improve the screening process for smart contracts, allowing founders to spot potential threats and vulnerabilities. In another example, AI is frequently used to produce generative art NFT projects, such as Interactive Non-Fungible Tokens (iNFTs), which incorporate intelligent traits and reasoning abilities.

There are currently hundreds of AI-based crypto projects, each targeting a specific market within and outside the space.

Best AI Crypto Projects to Watch This Year

Fetch.ai (FET)

Fetch.ai is one of the top crypto AI projects boasting billions in total market capitalization.

It allows users to leverage resources and tools to build and monetize their AI-powered crypto apps and services. However, one feature that distinguishes Fetch is autonomous economic agents.

These agents, which can be devices, services, organizations, or individuals, are capable of performing various tasks such as processing and sharing data among IoT (Internet of Things) devices, executing crypto transactions for users, and facilitating trades and swaps on decentralized exchanges like Uniswap through crypto trading bots.

The protocol operates on its own blockchain, powered by its utility token, FET. A unique aspect of its blockchain is its mixed consensus: Proof-of-Work (PoW) and Proof-of-Stake (PoS), in which miners validate transaction blocks and agents earn fees for executing multiple AI-related tasks.

For developers, Fetch offers a comprehensive suite of tools, including AI, Web3, and blockchain infrastructure, resources, and extensive documentation to create decentralized AI projects.

Likewise, Fetch also features the Open Economic Framework (OEF), an AI-driven layer that stores information for agents. This layer allows agents to interact and source information while nodes (miners) are rewarded with FET for facilitating these interactions.

Render Network (RNDR)

Render Network is an Ethereum-based blockchain platform that aims to decentralize GPU cloud rendering by connecting those who need rendering services with owners of high-performance GPUs.

It is one of the top Solana projects.

This system enables artists, individuals, and companies to carry out rendering tasks more affordably and quickly than traditional centralized options.

The platform operates as follows: creators submit rendering jobs, and node operators use their spare GPU capacity to complete these jobs and earn RNDR tokens as compensation. Render Network supports a range of tasks, from basic rendering for gaming and entertainment to complex projects involving AI and machine learning.

The protocol also implements a tiered pricing system based on the reputation of node operators. The highest-rated operators fall into tier 1 and are typically the most expensive but offer more reliable and scalable services, often used by Render’s partners.

Tier 2 provides high-quality services at a reduced cost, and Tier 3 offers the most economical options, but reliability and scalability are not the highest-rated. This pricing structure supports the democratization of GPU cloud computing, particularly for Web3 creators, by adapting to various budget needs.

The Graph (GRT)

The Graph is a decentralized, open-source indexing protocol that collects, processes, and stores information and data similarly to a web browser like Google.

It allows users to navigate and explore different blockchain ecosystems and their respective dApps. The Graph is also available in at least 14 languages.

One of the key features of The Graph is Subgraphs, which are indices designed to enhance data querying for users across several networks, including EVM-compatible blockchains and even the InterPlanetary File System (IPFS).

Subgraphs can index all public information globally, bridging the gap between Web2 and Web3. This data can be stored, organized, and shared across applications, making it accessible for anyone to query. Naturally, users pay using the protocol’s native coin, GRT.

GRT has one of the largest supplies in the AI sector, with a max supply of 10,799,004,319 tokens and approximately 9.5 billion tokens in circulation.

BitTensor (TAO)

BitTensor is an open-source infrastructure built around a blockchain called Subtensor. It utilizes a unique consensus mechanism called Proof-of-Intelligence (PoI).

This mechanism resembles Proof-of-Work (PoW) by rewarding miners for their valuable contributions across various technology and research domains within the BitTensor network.

BitTensor functions as a decentralized marketplace with multiple subnets, each designed for specific tasks. Unlike parallel chains in systems like Avalanche, these subnets are competitive marketplaces tailored for AI, machine learning, data storage, price feeds, cellular automation, and more.

A notable example of a subnet in BitTensor is Decentralized AI Detection, where miners are incentivized to share findings, solutions, products, tools, and frameworks to help the network detect content generated by large language models (LLMs) like ChatGPT.

Anyone can create a subnet by paying a registration fee in TAO, BitTensor’s native token, and establish incentive mechanisms for miners and validators. Each subnet has validators who assess the quality of miners’ work and reward them with TAO.

BitTensor aims to democratize and commoditize AI and emerging technologies through blockchain technology.

Akash Network (AKT)

Akash Network is one of the top AI crypto coins that introduces a cloud-computing marketplace where users can buy and sell cloud resources using AKT as the payment method.

Akash Network rose to prominence as one of the largest AI crypto coins thanks to its simple business model: users needing cloud computing can purchase resources from those with extra capacity, all in a peer-to-peer manner.

The platform’s main competitive edge is its ability to provide decentralized storage and asset ownership at a lower cost than traditional centralized systems, appealing to both businesses and individuals.

Akash has formed partnerships with leading institutions in the crypto space, such as Coinbase Prime, which offers custodial services for AKT, and Solve.Care, a blockchain-based healthcare platform aimed at decentralizing patient data and integrating blockchain benefits into healthcare systems.

Akash utilizes the Interplanetary File System (IPFS) for decentralized storage due to its enhanced security and resistance to censorship.

The rise in popularity of DeCloud (decentralized cloud), AI, and ML protocols has driven increased usage and renewed investor interest in Akash and similar AI coins.

AIOZ Network (AIOZ)

AIOZ Network, created by the tech company AIOZ, is a blockchain-based platform that aims to deliver scalable and reliable solutions in Web3 storage, AI computing, live streaming, and video on demand.

The company, founded by Erman Tjiputra, focuses on making AI development more democratic and decentralized through its two main offerings: the W3AI marketplace for AI computation and the Web3 AI Platform, which provides a variety of AI solutions for businesses, developers, and individuals.

AIOZ operates on the Cosmos network and is compatible with BEP and EVM, using a Delegated Proof-of-Stake (DPoS) consensus mechanism powered by Tendermint Core that allows for up to 1,500 transactions per second. Its Decentralized Content Delivery Network (dCDN) utilizes a global network of nodes to provide additional computing power.

The network offers a decentralized marketplace for the Decentralized Physical Infrastructure (DePIN) market, enabling contributors to monetize their AI-related assets and computing resources.

This setup offers competitive costs for cloud computing and allows for the deployment of AI applications, benefiting businesses and developers by providing cheaper alternatives to traditional infrastructures.

SingularityNET (AGIX)

SingularityNET is a marketplace for AI products and services. It allows users to create their AI-powered models through the protocol’s blockchain, which offers smart contract templates for faster and easier development and deployment.

The platform allows developers to build AI models and systems or purchase existing ones to integrate into their projects, creating a decentralized AI ecosystem that benefits both projects and developers. These and other transactions on the platform are carried out using the protocol’s native token, AGIX.

SingularityNET is one of the AI crypto projects due to its extensive offerings, featuring over 70 AI-powered services. These include:

Domain-Specific Language (DSL): a self-organizing network of AI agents that can delegate tasks to each other.
OpenCog Hyperon: an open-source general AI system based on OpenCog, a framework for developing AI models, robotics, and virtual embodied cognition.
Training AI models: users can train and customize AI models for various services based on specific needs.
Other services include speech command recognition, neural image generation, multilingual speech translators, real-time voice cloning, and more.

Ocean Protocol (OCEAN)

Through AI-powered smart contracts, Ocean Protocol allows data suppliers to sell specific data directly to consumers. This data can be from multiple industries, including healthcare, politics, finance, e-commerce, and more.

Ocean Protocol is one of the OGs in AI-crypto. It was founded in 2017 by Bruce Pon, an entrepreneur who established BigchainDB, a blockchain database software company, and AI researcher Trent McConaghy, who holds a PhD in Creative AI.

Ocean Protocol offers other appealing features. One is the Ocean Predictoor, which allows users to run AI-powered prediction or trading bots on crypto price feeds to generate yields.

It supports Javascript and Python and provides builders with a library of resources and tools to build AI decentralized applications and APIs to monetize them. Developers can leverage many features, such as IP ownership, access licenses, payment routing, analytics for on-chain data, and more.

How to Buy AI Crypto?

There are two main ways to buy AI crypto tokens. The first is through centralized exchanges like Binance.

As a partner of Binance, CryptoPotato readers can receive exclusively a $600 voucher. Use this link to head to Binance. Open a new account, verify it, and then complete the following tasks for up to $600 free.

That said, once you have an account registered, you will need to navigate to the top of your main menu and in the right corner, click on the “depoist” button and select “buy crypto.”

From there, you will simply need to input your preferred currency and the cryptocurrency you want to buy. You can use a regular credit or debit card for this.

Alternative, you can also use a decentralized exchange (DEX), but that’s a more complicated process and would require more technical knowledge.

Is AI Good for Crypto?

AI and blockchain technology can synergize if both are used for their best purposes. As we’ve seen with the projects listed above, AI can be used for trading automation in a blockchain-based protocol, enhancing trading functions and price automation.

For crypto institutions, AI algorithms, through machine learning, are helping exchanges provide and fulfill trading orders quicker, develop chatbots that assist users, smart trading bots that can analyze market trends and predict price movements, and more.

Regarding security and on-chain analysis, blockchain firms can use AI to spot potential threats and vulnerabilities in a smart contract. Moreover, wallets and exchanges can use AI to detect suspicious activity or flag addresses that have been poisoned or belong to a malicious actor.

Even in mining, we see AI and crypto merging, as AI marketplaces can provide or optimize computing power allocation for users.

There are certain drawbacks, however, and we can summarise them as follows:

Centralization: There’s a growing concern in the public that leading AI companies are working on their AI models behind closed doors, leaving investors and users out of the picture and raising concerns over the lack of transparency and power centralization. Projects like BitTensor try to democratize AI developments and innovation by rewarding users for sharing their discoveries and models.

Black Box Problem: AI algorithms can be opaque, making it difficult to understand their decision-making processes. The black box problem refers to the challenge of transparency and interpretability of AI algorithms during their time of existence and may complicate/strain operations in crypto projects.

New risk and security challenges: introducing AI in crypto could mean new risks and vulnerabilities that malicious actors can exploit.

Best AI Crypto Projects – Conclusion

There are multiple ways in which AI and crypto can work, from fraud detection, smart contract security, and on-chain analysis to cloud-based resources, mining, and trading optimization.

The marriage between AI and crypto has opened new windows of use cases and applications for multiple industries. However, their drawbacks must be addressed and analyzed thoroughly to mitigate their negative impact on users and investors.

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News

Top 5 Crypto Pre-Sales for August 2024

Published

5 months ago

1 August, 2024

TokenTalk Staff

Have you heard about cryptocurrencies in 2011? Was Bitcoin so popular back then? Well, yes, some forward-thinking people saw its potential early and invested in BTC back then. Investors were skeptical about this new financial element; however, many took the risk and invested what they could risk in the cryptocurrency market.

Going through the list of top presales, we have identified and studied five of the main candidates that can change the game on the trading charts. These new opportunities promise the best returns and a great chance to buy tokens at affordable prices. While 5thScape is at the top of our recommendation, projects like DarkLume and Artemis Coin are pioneers in their respective categories.

Top 5 Crypto Pre-Sales to Add to Your Watchlist in 2024

Below we present the top five cryptocurrency pre-sales that you should consider adding to your investment watchlist.

5th Landscape (5SCAPE) – King of digital VR gaming with AR/VR elements
Dark light (DLUME) – Virtual Metaverse for Social Exploration
SpacePay (SPY) – Versatile Financial Payment Gateway for Seamless Transactions
EarthMeta (EMT) – Replicating our planet on a virtual platform
Artemis Coin (ARTMS) – NFT Marketplace for Digital Real Estate Investment

In-Depth Review: The Best Crypto Pre-Sales of 2024

Now, let’s take a closer look at these pre-sale events and how they can help investors make significant profits this year.

5th Landscape (5SCAPE)

The 5thScape project combines emerging technology using the fundamentals of virtual and augmented reality on the Ethereum platform using its native currency as 5SCAPE. Users of the token experience increased security and interactive gameplay in the digital space.

Here are the potential reasons why investors are admiring the 5thScape ecosystem:

Immersive Gameplay: With over five game titles, the platform is ready to amaze the audience with games ranging from archery, sports, battle and high-speed racing.

Innovative VR Content: 5thScape’s progress in the crypto-gaming space will contribute to the development of educational resources and other VR content on the website.

Motion Control Gadgets: This project is working hard to introduce VR devices such as headsets and gaming chairs with precise controls and high-resolution soundscapes to achieve the best immersive feeling while exploring the ecosystem.

Practical utility: 5SCAPE tokens stimulate participation in various activities and convert the ecosystem into economic value for investors.

Staking Opportunities: Acquiring 5SCAPE tokens after listing on exchanges can generate higher earnings

Free Giveaways and Prizes: The distribution of free coins and VR subscriptions attract investors.

Visit 5thScape for more details>>

Dark Light (DLUME)

We just saw how 5thScape captures investors with its AR/VR digital landscape. DarkLume works on similar VR principles but has a completely new VR metaverse. Its presale is about to hit the $1 million mark and simultaneously increase fund inflows.

What are the specifics that allow DarkLume to lead the metaverse industry?

Native currency: The project has DLUME as a digital currency that can be used for in-game purchases or upgrades. These utility tokens also give their holders the right to vote on the development and expansion of the project.

Benefits of staking: Investors who want to hold and earn from this currency expect to multiply their funds after the stock market listing.

Exploratory Metaverse: Once you enter this world, there is no turning back. There are so many opportunities to find recreational activities and relieve stress. Walking through lush landscapes and stargazing at night can be a memorable experience. If you are a party animal, DarkLume’s virtual discos and clubs will win you over.

Visit DarkLume for more details>>

Payment for space (SPY)

Traditional financial setups face many challenges in daily transactions and are also expensive. To solve these concerns, Maxwell Bunting founded SpacePay by combining cryptocurrency payments and blockchain technology. The London-based startup makes online shopping and payments more seamless by integrating its network with existing card terminals, allowing users to make payments in any digital currency. Merchants can choose to receive payments in conventional currency without having to pay exorbitantly.

SpacePay has designed a user-friendly and convenient interface that supports over 325 crypto wallets. SPY, the native token of this platform, serves to enable all transactions within its ecosystem. Tokens can also be used to generate passive income through staking and additional community rewards.

EarthMeta (EMT)

EarthMeta is a virtual metaverse created to replicate our planet, Earth. It is listed as one of the best crypto pre-sales of 2024, with a focus on creating new NFT platforms and virtual assets in premium cities. The startup encourages users to own and govern virtual landscapes.

Cities are then further broken down into smaller assets such as landmarks, buildings, monuments, parks, schools, and more. NFTs can now be bought and sold in the project’s marketplace. Governors are eligible to earn 1% fees per transaction within their city. EMT token holders can also generate more at once with custom API integrations and participation in DAO activities.

Artemis (ARTMS)

Today we have covered a number of financial projects that you can consider along with 5thScape, the most promising VR coins of the decade. Artemis (ARTMS) is a financial platform that allows investors to transact and trade using its digital asset, ARTMS. Users can also lend, borrow, stake, save, and generate rewards from yield farming.

The project is about to enter Phase 4 of development which will see the launch of the Artemis Crypto System. This system is customized to facilitate a large number of secure and transparent crypto transactions. Cryptocurrency enthusiasts and professional entities can buy and sell products such as smartphones, bicycles and internet services using crypto payments. Early investors have great advantages until the project is available at a discounted price in the pre-sale.

Read this before investing in the next cryptocurrency market

Experienced investors know the factors to consider before investing in this dynamic market. Here are some points that beginners should remember before securing a position in the cryptocurrency universe.

It is essential to verify the project details and the founders.
Read and understand the whitepaper for all the technical information about the ICO, the roadmap and the mission of the project.
The project roadmap will provide greater clarity on milestones and results achieved.
Review the fundamentals of the new technologies involved in the development of the platform.
Before investing in any cryptocurrency, carefully evaluate the benefits and risks to avoid losses and build a profitable portfolio.

Conclusion

5thScape ICO Offers Tokens at Deeply Discounted Prices. Once the presale is over, the token price will skyrocket 434% from the first round and promise 600x returns to early investors. Who wouldn’t want to be part of an innovative and growing VR ecosystem? Check your details, review all the documents and start investing in 5thScape now.

Time flies, and so does the $100,000 prize.

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Best Upcoming Cryptocurrencies for Long-Term Profits: Turn $100 Into $1000 With These Picks

Published

5 months ago

1 August, 2024

TokenTalk Staff

Have you ever wondered how much return Bitcoin has given to investors who bought this gold cryptocurrency a decade ago? In 2014, Bitcoin reached its significant milestone of $1,000 in the first month. Currently, it is trading at around $64k, which is an astonishing 6300% increase in the span of 10 years. No stock, no ETF could ever give you such monumental returns. This simply proves that the cryptocurrency market turns your dreams of investment returns into reality.

While the established giants are not giving so much returns now, the ball is in the court of upcoming cryptocurrencies that are based on the development of projects to provide up to 1000x returns in the near future. In this article, we will explore 5 upcoming cryptocurrencies for long-term earnings that can turn your $100 into $1000 – the only key is strategic investing with a lot of patience!

Best Upcoming Cryptocurrencies For Long Term Profits

Below we list the top 5 cryptocurrencies for long-term gains, which are set to give you returns of up to 1000 times in the coming times.

5th Landscape (5LANDSCAPE)
Dark light (DISGUST)
BlockDAG (BDAG)
eTukTuk (TUK)
WienerAI (WAI)

Take a deeper look at the background of these 5 upcoming cryptocurrencies for long-term gains and see why they could be viable options for your cryptocurrency portfolio.

1. 5° Landscape (5SCAPE)

5thScape is changing the face of entertainment by merging augmented and virtual reality with blockchain technology, offering a VR content ecosystem unlike any other destination on the internet. Its native token, 5SCAPE, is the cornerstone of this innovative ecosystem. With a limited supply of 5.21 billion tokens, 5SCAPE offers early investors a unique opportunity to participate in the growth of a potentially transformative platform.

Combining the immersive experiences of VR technology with a cryptocurrency that has a real-world use case, 5thScape presents a compelling investment proposition. The project’s focus on providing unparalleled user experiences, coupled with its potential to generate substantial returns, makes 5SCAPE an ideal new cryptocurrency to have in your portfolio for long-term gains.

Click here to invest in 5thScape today >>

2. DarkLume (DLUME)

DarkLume is a meticulously crafted metaverse where users can experience a lavish digital lifestyle. At its core is the DLUME token, the currency that powers this virtual economy. By owning DLUME, users gain access to exclusive experiences, from owning virtual properties to attending high-society events and hosting virtual celebrations with their friends.

The metaverse is divided into virtual countries, each with its own citizenship requirements. To become a citizen, users must possess a specific amount of DLUME. Maintaining citizenship involves paying taxes in DLUME and creating a sense of community and responsibility among users.

Unlike other metaverse platforms that are limited to digital interactions only, DarkLume offers a wide range of activities, from leisure and entertainment to social interactions and exciting experiences. The platform’s focus on luxury ensures that every aspect of the metaverse is designed to exceed expectations. As DarkLume continues to grow, its DLUME token is expected to be in high demand. The metaverse concept is supported by renowned names such as Mark Zuckerberg and Satya Nadella. As it is the future of immersive socialization, the DLUME token is expected to appreciate in value over time.

Explore DarkLume’s website to learn more

3. BlockDAG (BDAG)

BlockDAG is an innovative blockchain platform that uses a Directed Acyclic Graph (DAG) structure together with blockchain technology to offer fast transaction speeds, lower fees, and better scalability.

Unlike traditional blockchains that process transactions sequentially, BlockDAG processes them in parallel, which allows it to handle a much higher transaction volume. This approach makes BlockDAG an ideal platform for applications that require high throughput and low latency, such as DeFi, gaming, and IoT. Its presale has been a great success so far, and BlockDAG’s adaptability may be an optimistic sign for early investors in the BDAG token.

4. eTukTuk (TUK)

eTukTuk is a new leading crypto project that combines sustainable transportation with blockchain technology. Its main goal is to electrify the famous “tuk-tuk” industry, reducing carbon emissions that cause environmental damage while creating a thriving ecosystem. Its TUK token powers the entire platform.

One of the most notable features of eTukTuk is its Play-to-Earn (P2E) gameplay. Players can earn TUK tokens by completing challenges and missions in the game. This gamified approach not only makes the platform engaging but also incentivizes user participation in building the eTukTuk ecosystem. The primary utility of the TUK token is as a mode of payment for tuk-tuk drivers who use EV charging stations for their vehicles installed across Sri Lanka. The project will soon expand to other countries.

Overall, the value proposition of the TUK crypto token is strengthened by its utility within the platform. It can be used to purchase electric tuk-tuks, charge them at the network’s charging stations, and access various platform services. As eTukTuk adoption grows, demand for TUK tokens is expected to increase, potentially resulting in significant appreciation in the token’s value.

5. WienerAI (WAI)

WienerAI is a new blockchain-based platform that uses next-generation artificial intelligence (AI) technology to transform the cryptocurrency trading space. Its flagship product is an AI trading bot (with a sausage-themed mascot) designed to analyze market trends, identify potential opportunities, and execute trades with zero errors. With the power of AI, WienerAI provides users with a market edge in the complex and dynamic world of investing.

The platform’s native WAI token is a digital asset that underpins the entire ecosystem. Token holders can enjoy various benefits, including discounted trading fees, priority access to new features, and even a share of the platform’s profits. As WienerAI gains traction and its AI trading bot proves successful, the continued flow of demand for the WAI token will fuel its price.

Final Thoughts: Best Cryptocurrencies for Long-Term Profits

Each cryptocurrency project explored in this article brings a unique and innovative perspective to the blockchain industry. From the immersive worlds of 5thScape and DarkLume to the efficiency gains of BlockDAG and the sustainability focus of eTukTuk, not to mention WienerAI’s AI-powered trading bot with a new approach to investing, these projects are pushing the boundaries of what’s possible with blockchain technology.

While all of these projects are promising, 5thScape and DarkLume stand out as particularly interesting investment opportunities. The combination of 5thScape’s robust VR ecosystem tokenomics and unique AR/VR offeringstogether with the fantasy world of the DarkLume metaversehas the potential to appeal to a wide range of investors who may be entertainment lovers, not just cryptocurrency enthusiasts. Given their current presale stages, acquiring 5SCAPE and DLUME tokens at these early-bird prices could prove to be a strategic move for those seeking substantial returns.

This is a sponsored article. The opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on the information presented in this article.

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Avalanche Predicts ‘Most Bullish Unlock’ in Broader Market $1 Billion in Token Release

Published

5 months ago

1 August, 2024

TokenTalk Staff

Avalanche anticipates ‘most bullish unlock’ amid broader market $1 billion in token release

Token Unlocks data shows that several crypto projects:AvalancheWormhole, Aptos, SandboxArbitrum, Optimism and others are set to unlock around $1 billion worth of tokens in August.

Approximately $260 million will be allocated in the first three days of the month.

Crypto projects often schedule token unlocks to control the asset supply and prevent market oversaturation. This gradual release helps avoid significant sell-offs by early investors or team members who hold large amounts of crypto assets.

Wormhole and Avalanche to Release Over $400 Million in Tokens

The biggest news this month will be Wormhole and Avalanche.

On August 3rd, Hole in the walla cross-chain messaging protocol, will release 600 million tokens worth $151.67 million, or 33.33% of its circulating supply.

Avalanche will follow on August 20, unlocking 9.54 million AVAX tokens worth approximately $251 million, or 2.42% of its circulating supply.

The Token Unlocks dashboard shows that 4.5 million AVAX, worth $118.53 million, will go to the Avalanche team, 2.25 million AVAX, worth $59.27 million, will go to strategic partners, and the remainder will go to the Foundation and as an airdrop.

Farid Rached, former head of ecosystem growth at Avalanche, underlined that this planned unlock would be the most bullish in its history because “it is the last big step for the team and public/private investors.”

Other important unlocks

Sui, a layer 1 network, will unlock 64 million tokens worth $50 million, or 2.56% of its circulating supply, on August 1.

Similarly, decentralized exchange dYdX will issue 8.33 million tokens worth nearly $11 million, or 3.65% of its circulating supply. These tokens will be distributed to investors, founders, staff, and future employees.

Aptos will unlock 11.31 million APT tokens worth $74.64 million on August 12. These will be allocated to the Aptos community, top contributors, the foundation, and investors, with top contributors receiving the largest share: 3.96 million APT worth $26 million.

On August 14, Sandbox will release 205.6 million SAND tokens worth $66.75 million. This issuance will be split between the team, advisors, and a corporate reserve.

Finally, Ethereum’s layer 2 networks Referee AND Optimism will collectively unlock over $110 million worth of tokens by August 16 and 31, respectively.

Mentioned in this article

Posted in: Avalanche, Tokens

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Big Tech Beats Bitcoin (BTC) as Trump’s Trade Cancellation Weakens Token

Published

5 months ago

1 August, 2024

TokenTalk Staff

Big Tech Beats Bitcoin (BTC) as Trump's Trade Cancellation Weakens Token

Bitcoin has failed to join the cross-asset rally fueled by dovish comments from the Federal Reserve, as the tight US election race casts doubt on Donald Trump’s ability to implement his pro-cryptocurrency agenda.

The digital asset slipped 2.4% on Wednesday, tracking a Fed-fueled surge in an index of the Magnificent Seven large-cap tech stocks by one of the widest margins in 2024. The token fell further on Thursday, changing hands at $63,750 by 6:10 a.m. in London.

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