Dubai, United Arab Emirates, February 26th, 2025, Chainwire
The MuskIt team was proud to host Errol Musk in Dubai for an exclusive four-day visit this week. As an honored guest of the MuskIt project, Errol Musk explored key locations for the proposed Musk Tower – a planned hub for global technology, blockchain innovation, and entrepreneurship. His visit marks a pivotal moment for MuskIt and the entire crypto community, solidifying the project’s commitment to real-world impact and lasting legacy as the first memecoin turning into a culture coin and real-world asset ownership. He spoke more about his vision in the exclusive interview with Arabian Gulf Business Insight here.
Youtube link: https://www.youtube.com/watch?v=jhgSKUtmbTc
$MUSKIT tokens will be allocated towards the ongoing development of the Musk Institute and Musk Tower as confirmed by Errol Musk during an interview with Sky News Arabia. The Musk Institute will serve as a global hub for education, research, and collaboration, driving advancements in frontier technology, sustainable innovation, and blockchain integration—aligned with MuskIt’s four pillars of transformative science, academic synergy, venture incubation, and mission-driven solutions. The Musk Tower, a flagship infrastructure project, is designed to provide a dynamic space for events, business ventures, and decentralized services.
$MuskIt: The Official Token of the Musk Institute
Errol Musk’s visit isn’t just about scouting locations; it’s about solidifying the power of $MUSKIT Token as the backbone of this project development. During his tour, he publicly endorsed it as the official token of the Musk Institute in an interview with Sky News Arabia and an interview with Arab News. This integration of blockchain will empower token holders to be part of a movement that bridges digital assets with real-world development.
The token will provide membership privileges, including access to VIP services, research initiatives, and networking opportunities. Additionally, the MuskIt team is actively targeting traditional finance investors, positioning the token as a meme asset accessible to all, bridging the gap between digital culture and institutional investment. Educational access, innovation grants, and marketplace services within the Musk ecosystem will further enhance the token’s utility, creating a dynamic and interconnected hub for blockchain, technology, and business innovation.
About MuskIt
MuskIt is more than just a meme coin—it’s a movement. A mindset that embodies taking bold action, breaking barriers, and achieving greatness. Inspired by the revolutionary spirit of innovation and efficiency, MuskIt represents the drive to do things better, challenge the status quo, and redefine success. With over 50,000 holders already owning $MUSKIT, its expanding community reflects its growing presence.
Unlike your traditional meme coin, which is meant only to embody an idea, $MUSKIT is backed by the Musk Family and will serve as the official coin of Errol’s Musk Institute.
$MUSKIT: the coin for those who don’t let anything stand in their way. Musk Family Endorsed and Approved.
Official Links:
Website: https://www.muskit.io/
Telegram: https://t.me/JustMusk_It
Dexscreener:
https://dexscreener.com/solana/Hd8LeEdJsspSJAJm15nmpFjQdntn1ZpBFV35ppRDrevE
Contact
Cognitio Strategies
contact@cognitiostrategies.io
The Dogecoin price’s rise from fractions of a cent in 2021, which made many millionaires overnight, was legendary, and many still wish for such times. Thankfully, a top analyst has revealed the WallitIQ (WLTQ) token, selling at $0.0420, is the second chance every investor and top analyst has been waiting for.
Those who weren’t able to grab DOGE when the Dogecoin price was at $0.05 now have a second chance to position for life-changing gains, even at a lesser price. With projections of a 50,000% price explosion, a game-changing crypto wallet app, and a SolidProof audit, this is not just another token—it’s a revolution in the making.
WallitIQ (WLTQ): The Second Chance You Can’t Afford to Miss
DOGE had its moment. With hype and community support, the Dogecoin price enjoyed massive gains, but while still in play, DOGE lacked true innovation. That is where WallitIQ (WLTQ) sets itself apart, as it is not just another crypto. The token’s ecosystem is a fully equipped AI-powered financial tool. Top analysts are pointing to the cutting-edge technology, low entry price, and high investor confidence as the ultimate indicators of the token’s future dominance.
With a low presale price of $0.0420, early investors, including top analysts who have already invested, are excited about the massive returns they stand to enjoy as the token’s price skyrockets. Top analysts are eyeing WallitIQ (WLTQ) to reach $12 per token post-launch. That’s an explosive 50,000% gain that the Dogecoin price never gave investors, even as it surged to $0.7 in the last bull run. Meanwhile, early investors like the top analysts are set to be among the next set of crypto millionaires with this token’s projected rally to $12.
Unlike DOGE, which is purely speculative, WallitIQ (WLTQ) is backed by real, industry-changing tech. The MVP build of its Crypto Wallet Management Mobile App is one of the most advanced tools crypto investors have ever seen. This is one of the reasons why the top analyst is bullish on the platform’s native token.
The application also features Live Market Data, powered by CoinGecko’s API, which tracks real-time crypto prices, giving a detailed view and interactive candlestick charts with multiple timeframes.
The AI-driven simulated transactions test crypto transactions without risking funds. They allow users to test the market without interacting with the blockchain and mimic purchases like Starbucks coffee or Spotify subscriptions. The system provides full transaction history and portfolio insights, tracking all wallet activity for smarter investment decisions.
The app is designed with scalability in mind. In the future, it will accommodate features like the AI-powered Trading & Alerts Automated trading tools, which will give Custom price alerts for strategic buying and selling.
WallitIQ (WLTQ) has been fully audited by SolidProof, guaranteeing absolute transparency and protection against rug pulls. This smart contract audit also highlights the impressive security investors and users will enjoy while using the platform.
The Dogecoin Created Millionaires In 2021 But Is Now Struggling
DOGE transformed a joke into a billion-dollar asset with spikes and surges in Dogecoin prices in the past. If investors bought DOGE when the Dogecoin price was at $0.05, they would have made millions when the Dogecoin price hit $0.73. Now, DOGE is struggling to break past $0.3 and faces major roadblocks in adoption and utility.
On the other hand, WallitIQ (WLTQ) is surging, with top analysts predicting 150,000% gains in the coming months. The token’s low presale price of $0.0420 and mouth-watering projections place it above others. An investment in the altcoin is undoubtedly the best way to position for generational wealth.
Will You Let This Second Chance Slip Away?
This moment separates those who build wealth from those who watch it happen. WallitIQ (WLTQ) at $0.0420 is the golden ticket to generational wealth for those who missed DOGE. The window is closing fast as the presale price is set to skyrocket soon enough with the increasing demand for the token.
Invest now and be part of the next crypto explosion before it’s too late. Join the WallitIQ (WLTQ) presale today and secure your financial future! If you missed DOGE at $0.05, this is your chance at redemption; don’t miss out on life-changing gains again.
Join the WallitIQ (WLTQ) presale and community:
On February 11, the U.S. House Financial Services Committee’s Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee will convene a hearing titled “A golden age of digital assets: charting a path forward.” The session aims to address the need for clear digital asset regulations to maintain the United States’ competitive edge in the global market.
Key witnesses include Jose Fernandez da Ponte from PayPal, Jonathan Jachym of Kraken, and Timothy Massad from Harvard University. In his prepared testimony, Ji Hun Kim, president and acting CEO of the Crypto Council for Innovation (CCI), emphasized the importance of a comprehensive federal digital asset policy.
He noted that regions like the European Union, the United Kingdom, Japan, and Singapore are advancing with clear regulations, potentially leaving the U.S. behind. Kim outlined four legislative priorities: enacting comprehensive market structure legislation, passing stablecoin legislation, enhancing coordination between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), and supporting decentralized finance and individual empowerment.
Coy Garrison, a partner at the Steptoe law firm, echoed the call for regulatory changes. He observed that the SEC, CFTC, and the Federal Deposit Insurance Corporation (FDIC) are attempting to attract crypto businesses back to the U.S. by reversing restrictive policies from the previous administration. Garrison stated, “The timing is right for Congress and the Administration to work together to implement a much-needed regulatory framework for digital assets in the U.S.” He also urged the government to withdraw lawsuits against crypto exchanges like Coinbase, Binance, and Kraken, advocating instead for the creation of registration pathways for digital asset businesses.
This hearing underscores the growing recognition among lawmakers and industry leaders of the urgent need for clear and comprehensive digital asset regulations to ensure the U.S. remains a leader in the rapidly evolving crypto landscape.
Bitcoin’s price is at risk of a sharp downturn if it slips below a critical support level, which could trigger the liquidation of over $1.3 billion in leveraged long positions.
The leading cryptocurrency recently fell below the key psychological threshold of $100,000 on Feb. 4, as market sentiment weakened following rising global trade tensions. The United States and China both announced new import tariffs, creating uncertainty in financial markets and impacting Bitcoin’s price movement.
Key Support Levels to Watch
To prevent a deeper correction, Bitcoin must maintain a weekly close above the $93,000 support level, according to Ryan Lee, chief analyst at Bitget Research.
“Watch for Bitcoin’s support at $90,500, $93,000,” Lee said. “Dropping below $90,500 might indicate bearish trends. These levels could shape market sentiment depending on how Bitcoin trades around them.”
If Bitcoin falls below $93,000, it could face significant volatility. Coinglass data suggests a drop under this level would result in the liquidation of nearly $1.3 billion in leveraged long positions across crypto exchanges.
Trade War Tensions and Bitcoin’s Role
Global trade conflicts are adding further uncertainty, with potential consequences for Bitcoin’s price trajectory. While Bitcoin is often considered a hedge against financial instability, escalating trade disputes between the U.S. and China could still push the asset below $90,000 in the short term.
However, the long-term impact remains uncertain. Some analysts argue that prolonged trade conflicts could weaken fiat currencies, ultimately driving investors toward Bitcoin as an alternative.
“This is what Bitcoin was originally intended for, to be a hedge against fiat devaluation and inflation,” said James Wo, CEO of venture capital firm DFG. “We might see Bitcoin ultimately benefiting from the flight away from weakened fiat currencies, pushing its price higher over time.”
Delays in U.S.-China Trade Talks Add to Market Uncertainty
Investors are now closely monitoring an upcoming meeting between former U.S. President Donald Trump and Chinese President Xi Jinping, which is expected to have significant implications for global trade policy and financial markets.
Trump was initially scheduled to meet Xi on Feb. 11, as confirmed by top trade adviser Peter Navarro during a Politico Live event on Feb. 4. However, later the same day, reports emerged that the meeting had been delayed, citing unnamed U.S. officials.
The uncertainty surrounding these trade negotiations is likely to influence Bitcoin’s price in the coming weeks. If talks remain unresolved or tensions escalate, market sentiment may shift further, leading to increased volatility in both traditional markets and the cryptocurrency sector.
For now, Bitcoin’s ability to stay above key support levels will be crucial in determining whether it experiences a deeper correction or stabilizes amid the ongoing macroeconomic challenges.
Dogecoin has fallen below the $0.3 mark, triggering shock among memecoin holders. Despite predictions of a DOGE recovery, investors are opting to join RCO Finance, a new DeFi investing ecosystem that leverages the power of blockchain technology.
Read on to see why analysts say RCO Finance could become the best altcoin investment of Q1 2025.
Dogecoin Holders Expect a Recovery in March
Dogecoin got off to a rough start in February, falling below the $0.3 mark, which it had maintained for most of January 2025. Its drop has now sparked fears among meme coin holders, many of whom have lost money from Dogecoin’s decline to its current price of $0.262.
With growing uncertainty, investors are divided on Dogecoin’s recovery prospects. Some analysts believe that talks of a potential Dogecoin ETF could trigger a rebound to $0.35, but skepticism remains high.
In response, many investors are shifting their focus to high-rated projects like RCO Finance—an AI-driven altcoin ecosystem designed to address common financial sector challenges and offer more stable growth opportunities.
RCO Finance: Ushering in the Era of AI-Backed Investing Tools and Strategies
Are you ready to step into the future of investing with RCO Finance (RCOF)? Built with artificial intelligence and machine learning, RCO Finance is a crypto-based platform that delivers professional trading strategies to investors of all levels, helping them to amplify returns from the finance sector.
A key feature that is central to RCO Finance’s ambition is its Robo Advisor trading tool. Robo Advisor is an automated system that collects live market data from quality sources like Bloomberg and Reuters.
It uses this information to provide investment strategies that are in line with your specific goals, risk appetite, and market preferences. This allows you to get expert-level trading strategies that fit your investing plans.
Robo Advisor goes beyond offering trading strategies: It also helps to adjust investors’ portfolios in real-time, adapting to short and long-term market shifts. As a result, Robo Advisor helps you amplify returns while minimizing losses.
Imagine Olivia,a novice trader who splits her investment between high-growth cryptocurrencies and blue-chip stocks. As market trends shift, Robo Advisor automatically adjusts her allocations, ensuring that her crypto investments are positioned for growth while her traditional holdings remain stable during turbulent times.
Robo Advisor is not limited to cryptocurrency assets. Rather, it grants access to over 120,000 financial instruments ranging from equities and bonds to tokenized assets like property. By offering a wide range of investing options, Robo Advisor allows investors to choose from risky assets with high ROI potential to more stable options.
This allows you to balance risk and return appropriately, resulting in a portfolio that stays profitable through changing market conditions. You can also amplify returns through RCO Finance’s high-leverage trading, offering up to 1000x leverage.
Aside from being able to hold larger trading positions, RCO Finance’s high leverage also works across traditional and DeFi markets, further giving you flexibility.
In addition to a wide range of financial assets and high-leverage trading, RCO Finance users also enjoy low-risk yield-earning mechanisms that allow them to maximize returns on their investments.
Investors can participate in its coin staking program, where they will contribute to liquidity pools by locking up their tokens for a fixed period. In return, these investors will earn up to 86% APY, which is among the highest in the DeFi sector.
Users will also receive discounts on trading fees just for keeping RCOF tokens in their wallets. As your token reserve grows, so does your trading fee discount. As an advantage, this encourages token holding and further boosts price stability for RCOF.
Another area where RCO Finance stands out from other DeFi ecosystems is offering full anonymity to traders. Thanks to RCO Finance’s zero-KYC policy, investors don’t have to submit any personal information. This greatly cuts out the risk of data leaks.
Additionally, all smart contracts in RCO Finance’s ecosystem have been audited by SolidProof, showing that the system is safe enough to protect investors. In a nutshell, RCO Finance is bringing AI-based automation, diverse investing options, token rewards, and unmatched user safety.
RCO Finance Launches its Beta Platform
Beyond its cutting-edge tools, RCO Finance’s growth reflects strong investor confidence, with over 10,000 users now signed up to its ecosystem. Additionally, it has surpassed expectations by releasing a beta platform, allowing users to test out its functionalities and also the Robo Advisor trading bot.
The team behind RCO Finance is also working on future upgrades for Robo Advisor and the trading platform ahead of its alpha launch.
RCO Finance Vs Dogecoin: Which Coin Holds Better Returns?
Many investors have picked RCO Finance over Dogecoin, saying its AI trading features hold higher appeal than meme coins. This sentiment has been reflected by the sale of over $12 million worth of tokens since the start of its ICO.
It now trades at $0.100 after entering stage 5 of its presale. By stage 6, RCOF’s value will grow to $0.130 ahead of its listing, which will come when its value enters the $0.4-$0.6 range.
Analysts have also predicted a $13,000x rally for RCOF, which means putting $1,000 into its presale could grow to over $150,000 by the start of 2026. Time is running out—secure your RCOF tokens today before the next price surge and maximize your profit potential.
For more information about the RCO Finance (RCOF) Presale:
Alexey Pertsev, the developer of the cryptocurrency mixing service Tornado Cash, has been granted bail after nearly nine months in detention. The decision marks a significant development in his ongoing legal battle, as he faces charges related to money laundering in the Netherlands.
Legal Proceedings and Bail Decision
Pertsev was arrested in August 2022 following allegations that Tornado Cash was used to launder illicit funds. Authorities claim that the platform facilitated the movement of billions of dollars linked to cybercriminal groups, including those associated with North Korea.
Despite the charges, Pertsev’s legal team has maintained his innocence, arguing that Tornado Cash is merely an open-source tool that does not directly engage in criminal activity. Following months of detention, a Dutch court ruled that he could be released on bail under strict conditions, though the specifics of those conditions have not been made public.
Defense Argument: Tornado Cash as a Neutral Technology
Pertsev’s lawyers have repeatedly emphasized that Tornado Cash functions as a decentralized privacy tool rather than a platform designed for illicit purposes.
“He did not launder money. He did not profit from criminal activity,” his defense team stated. “Tornado Cash is a neutral technology that can be used by anyone, just like the internet or blockchain itself.”
The case has raised concerns within the cryptocurrency community regarding the criminalization of open-source developers. Many in the industry argue that holding developers legally responsible for how their code is used sets a dangerous precedent.
Global Crackdown on Crypto Privacy Tools
Pertsev’s arrest was part of a broader regulatory crackdown on cryptocurrency privacy services. In August 2022, the U.S. Treasury Department sanctioned Tornado Cash, alleging that it had been used to launder over $7 billion in digital assets since its creation.
These sanctions led to widespread controversy, with critics arguing that banning privacy-enhancing tools infringes on financial privacy rights. Several crypto advocacy groups have expressed concerns that targeting developers like Pertsev could stifle innovation and discourage the development of decentralized technologies.
What’s Next for Pertsev?
While his bail marks a step forward in his legal battle, Pertsev still faces serious charges that could result in a lengthy prison sentence if convicted. His defense team is preparing to argue that Tornado Cash is no different from other privacy-focused technologies and should not be blamed for how individuals choose to use it.
The outcome of this case could have lasting implications for the cryptocurrency industry, particularly for developers working on decentralized projects. The trial is expected to continue in the coming months, with industry experts closely watching the proceedings to see how courts define the legal responsibilities of open-source developers in the evolving crypto landscape.
San Francisco, California, February 6th, 2025, Chainwire
Sentient has completed one of the biggest-ever minting campaigns in the history of crypto with 650,000 participants. The mint offers participants the opportunity to gain partial ownership of Dobby, the world’s first Loyal AI model, through the distribution of an NFT. With the NFT, users can later claim model ownership and model fingerprints.
Sentient’s groundbreaking engagement rate coincides with the rise of DeepSeek, an AI model rivaling OpenAI’s performance while being built on a $6M budget and minimal GPUs. Open-source and efficient enough to run on smartphones, DeepSeek’s debut has fueled market turbulence, impacting AI stocks and crypto tokens.
Sentient’s innovative fingerprinting technology represents a breakthrough in AI model training and ownership. These unique digital signatures enable communities to verify model identity and enforce ownership over openly distributed models. The launch follows Sentient’s completion of an $85 million seed round co-led by Peter Thiel’s Founders Fund.
Fingerprinting a model embeds a query response pair directly into the AI model. The same fingerprinted query will always have the same response by the AI model, this helps the community identify the model and call out any illegitimate use. Sentient has created this tamper-resistant mechanism to prove the legitimacy of use and prevent misappropriation. The fingerprinting campaign advances Sentient’s vision of Loyal AI: artificial intelligence that is fully decentralized and community-controlled.
While other companies focus on AI agents, Sentient prioritizes core decentralization and open-source models. By embedding loyalty into the AI “brain”, Sentient ensures alignment with the communities’ principles, building trust and integrity at the foundation.
Participants in the fingerprinting campaign will share ownership of Dobby, Sentient’s debut Loyal AI model. The distributed NFT will allow users to claim model ownership and model fingerprints. These fingerprints act as keys to the model’s unique identity, enabling holders to verify legitimate use and enforce ownership. The campaign sets a precedent for decentralizing the power and control of advanced AI systems.
Sandeep Nailwal, Polygon founder and Sentient core contributor, said: “When AGI or ASI emerges it should be community-controlled and community-owned to guarantee its loyalty. Sentient’s fingerprinting mechanism allows communities to enforce ownership, control and alignment of open-source AI models. This incentivizes communities to come together and build high quality open-source models. In the long run, the goal is to make sure that instead of some large institution having exclusive control over a closed-source AGI, AGI is open-source and owned by everyone individually and collectively.”
To claim the NFT, participants must prove both their humanity and intelligence by passing a randomized IQ test. This rigorous minting process, which attracted over 650,000 participants, has already made history as one of the largest NFT campaigns ever by user engagement. Beyond ownership, these NFTs grant users exclusive access to the fingerprinted model, creating a direct link between the community and the AI they’ve helped shape.
Sentient’s mission extends far beyond Dobby. As the organization redefines the future of AI, it remains steadfast in its belief that the current trajectory of centralized, corporate-controlled AI development is unsustainable. Sentient’s vision for Loyal AI challenges this status quo, championing a transparent, community-driven approach to artificial general intelligence (AGI).
Updates on the fingerprinting campaign will be shared on Sentient’s X account and Discord.
About Sentient
Sentient is pioneering a new era in AI, empowering communities to create Loyal AI that is community-built, community-aligned, and community-owned. As a non-profit committed to advancing open-source AI technologies and building a decentralized, transparent ecosystem, Sentient champions an Open AI economy where AI builders are key stakeholders. With AGI on the horizon, its mission is to ensure it serves humanity, not corporations.
Learn more: https://sentient.foundation/
Contact
Market Across
pr@marketacross.com
Dubai, United Arab Emirates, February 6th, 2025, Chainwire
The Middle East Blockchain Awards (MEBA) returns for its second year after the success of its inaugural edition, with Dubai selected as the host city. The ceremony will take place at the iconic Jumeirah Burj Al Arab on April 29, coinciding with the TOKEN2049 conference. The event will unite industry leaders, innovators, and visionaries to celebrate achievements in blockchain and cryptocurrency.
MEBA 2025 arrives at a pivotal moment amid the rapid acceleration of blockchain adoption across the MENA region. Recent data from Chainalysis positioned the region as the seventh-largest cryptocurrency market in the world. Between July 2023 and June 2024, MENA received an estimated on-chain value of $338.7 billion—accounting for 7.5% of the global transaction volume.
Notably, the UAE has emerged as a global leader in digital asset adoption. According to Henley & Partners’ latest report, the UAE ranks third worldwide in digital currency usage. Chainalysis data also revealed that the UAE received approximately $34billion in cryptocurrencies between June 2023 and July 2024, experiencing a robust 42% year-on-year growth. This is driven by the country’s progressive approach to blockchain technology, with cities like Dubai establishing themselves as key innovation hubs.
Max Palethorpe, Founder and CEO of Hoko Group, the official organizers of MEBA, commented: “The Middle East Blockchain Awards provides a unique platform to recognize the incredible achievements that are driving the next wave of innovation in blockchain and digital transformation. With the UAE leading the charge in the Web 3.0 revolution, it’s inspiring to see industry leaders coming together to shape the future of this dynamic industry. This year’s event promises to be a true celebration of the pioneers who are pushing boundaries and setting new standards.”
Returning as a judge for the second consecutive year, Dr. Marwan Al Zarouni, CEO, AI for Dubai Department of Economy and Tourism and CEO of Dubai Blockchain Centre (DBCC) added: “I am thrilled to be part of the judging panel once again and witness the rapid evolution of blockchain technologies in the MENA region. With the UAE at the forefront of this transformation, the government’s forward-thinking approach, combined with the region’s dynamic innovation ecosystem, is accelerating the adoption of Web 3.0 technologies. The Middle East Blockchain Awards captures this momentum and further cements the UAE’s position as a global hub for blockchain excellence.”
Other judges of the Middle East Blockchain Awards this year include:
● Jumana Al Darwish, Award Winning Social Entrepreneur and Founder of Happy Box
● Scott Melker, Host, The Wolf of All Streets Podcast, and Crypto TownHall
● Mario Nawfal, Host of Largest Show on X and Founder of International Blockchain Consulting Group
● Saqr Ereiqat, Secretary General of Dubai Digital Assets Association and Co-Founder of Crypto Oasis
● Jorge Sebastiao, Co-Founder Global Blockchain Organization and Co-Founder EcoX
● Matthies Mende, Founder and CEO of Bonuz and Co-Founder of Dubai Blockchain Center
MEBA aims to foster innovation, recognize excellence, and set new standards for blockchain and Web 3.0 projects across the region. In its inaugural edition in 2022, MEBA partnered with Abu Dhabi Global Market’s flagship platform, Abu Dhabi Finance Week, and the Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA).
Submissions are now open at www.mebawards.io, where participants can find additional details about the categories and the nomination process.
About Hoko Abu Dhabi
Hoko Agency is a diversified and innovative company that owns and operates a diverse portfolio of businesses within the sectors of Finance, Blockchain, Entertainment, Sport and F&B. Hoko strives to be the best-in-class in each of their service lines; offering quality products, world class service and fitting solutions that go beyond the industry’s expectations.
Contact
Head of PR
Yousef Batter
White Label Strategy
yousef.batter@whitelabelstrategy.io
The TON (The Open Network) ecosystem is rapidly becoming a pivotal force in the cryptocurrency domain, attracting a wide range of developers and investors due to its burgeoning growth and innovative capabilities. Originally envisioned by Pavel Durov for use with Telegram, TON has since morphed into a powerful, scalable network known for its swift transactions and intuitive applications. This piece highlights five cryptocurrencies within the TON ecosystem poised for noteworthy expansion.
1. Gramcoin (GRAM): The Premier Choice
Potential for growth: Significant
Within the Telegram community, Gramcoin, or GRAM, has carved out a niche for itself, thanks to its innovative approach to mining. Unlike traditional methods, GRAM allows for mining via video cards using Givers — specialized smart contracts that assign computational tasks. This process rewards miners in a manner akin to the Bitcoin protocol but without necessitating the use of costly ASIC hardware. This decentralized mining strategy ensures inclusivity, allowing individuals with video cards to participate, ultimately leading to a more equitable distribution of tokens.
The GRAM community has swelled to include tens of thousands of enthusiasts, drawn by its open and decentralized model. Within this community, many see GRAM as the potential successor to Bitcoin, capable of following in Bitcoin’s pioneering footsteps within the world of digital currencies. While both cryptocurrencies offer fast and cost-effective money transfers, GRAM, operating on the high-performance TON blockchain, sets itself apart with its instant transactions, accessibility to mining, and inclusive nature. GRAM mining only requires a video card and a simple software setup, making it accessible to any user. In contrast, Bitcoin mining now requires substantial initial capital, limiting participation to investors with significant resources.
Within the TON ecosystem, GRAM trades actively on a number of decentralized platforms, including STON.fi, Ton Diamonds, DeDust, and the Cryptorg bot on Telegram. Since its launch in January, GRAM’s valuation has soared by 28,000 times, with its user base expanding to over 30,000 in just a couple of months. With rumors of potential listings on major exchanges swirling within the project’s Telegram group, the GRAM community is abuzz with anticipation for what the future holds. Keen observers have noted significant GRAM token transfers, including transactions of over a million units to wallets linked with MEXC and OKX exchanges.
2. Notcoin (NOT): The Viral Sensation of the TON Ecosystem
Potential for growth: Moderate
NOT, a meme coin originating from the Notcoin clicker game within the TON ecosystem, has experienced a remarkable surge in popularity among cryptocurrency enthusiasts during the winter season. This surge can be attributed to the widespread distribution of free giveaways. As of mid-March 2024, the Notcoin community boasts an impressive user base of over 30 million people on Telegram, with 5 million users actively engaging with the platform on a daily basis.
The game itself is straightforward and integrated directly into Telegram chats, requiring players to simply tap on the Notcoin symbol to earn coins with each press. However, the game introduces a strategic element by limiting the energy available for clicking; it depletes with each tap but gradually regenerates over time, preventing endless clicking. Players can also acquire NOTs through various activities such as participating in specific Telegram groups or channels, using referral links to invite friends, and advancing these friends to higher tiers within the game. An exclusive offer of 50,000 Notcoins was available to Telegram Premium subscribers, but as of April 1, 2024, the Notcoin team announced they would cease the “mining” process of the coin, a decision shared by the Web3 gaming project.
In an interesting twist, NOT has established a friendly relationship with the GRAM project. The creator of NOT holds GRAM tokens and has organized competitions rewarding winners with GRAM tokens. This collaboration highlights the strong sense of community and shared objectives among supporters of these projects.
3. STON.fi (STON): The Premier DEX within TON
Potential for growth: Above Average
STON.fi stands as a pivotal decentralized exchange (DEX) within the TON ecosystem, operating on an innovative automated market maker (AMM) model. Established in 2022, it utilizes request-for-quote (RFQ) mechanisms and hashed time-locked contracts (HTLC) for seamless cross-chain swaps, positioning itself as a technological frontrunner in facilitating secure and efficient trading.
With a daily trading volume reaching $7 million, STON.fi not only showcases the vibrant activity within the TON ecosystem but also signifies the trust and reliance traders place in its infrastructure. This figure, one of the highest among emerging TON-based platforms, indicates a robust and growing interest in TON’s offerings.
STON.fi’s growth potential is rated above average, buoyed by the TON ecosystem’s expanding user base and the intrinsic value of its technological foundation. The STON token, integral to protocol governance and voting through long-term bets, has seen a remarkable six-fold increase in value from February to March 2024, peaking at $18. This growth trajectory underscores STON.fi’s solid market position and its pivotal role in shaping the future of decentralized finance (DeFi) within the TON ecosystem.
4. DeFinder Innovations (DFI): Pioneering the TON Ecosystem Landscape
Potential for growth: Moderate
DeFinder Innovations (DFI) stands as a comprehensive initiative within the TON ecosystem, showcasing a diverse array of products including the ARBUZ gaming experience with ongoing coin rewards, the DeWallet virtual wallet, the DeFinder Innovations Fund, ArrakenPlanet agricultural simulation game, and a groundbreaking TON-based betting platform. These varied offerings aim to meet a wide range of user preferences, spanning entertainment, financial management, and investment avenues.
DFI is on a mission to emerge as the leading community within the TON ecosystem by addressing gaps in services and product offerings and enhancing TON’s appeal through active user involvement. DeFinder Innovations seeks to unify different facets of the cryptocurrency community, fostering a cohesive environment. This goal is facilitated by the strategic use of the DFI token for ecosystem governance, employing a decentralized autonomous organization (DAO) model to distribute tokens from a communal pool to engage and incentivize participation.
With its moderate growth potential, DFI’s innovative ecosystem and broad service portfolio set it up as a key contender in the TON arena. The initiative has attracted attention and support from the TON Foundation, highlighted by a significant $20,000 donation from the foundation’s leader to DeFinder’s wallet. Furthermore, DFI’s trading value has seen an extraordinary rise of 1440% since December 2023, illustrating a promising path towards realizing its lofty ambitions.
TonUp (TONUP): Catalyzing Project Launches
Potential for growth: Moderate
TonUp operates as an essential catalyst within The Open Network (TON), dedicated to promoting new project launches by providing necessary funding and liquidity. As a foundational element of TON’s project incubation framework, TonUp plays a crucial role in encouraging innovation and contributing to the ecosystem’s growth.
To safeguard and potentially enhance the value of its tokens, TonUp adopts a methodical approach involving regular token redemptions and destructions, effectively diminishing the total supply in circulation. This strategy aims to not only stabilize but also increment the value of TonUP tokens, instilling additional confidence among investors regarding the platform’s future prospects.
TonUP has showcased remarkable performance, with its token value experiencing a 180% increase within a month, peaking at $1.2 on March 25. This surge reflects strong investor trust and market demand for what TonUp has to offer. With its strategic approach to token management and its status as an incubator, TonUP exhibits moderate growth potential, marking it as an instrumental entity in attracting further innovation and investment to the TON ecosystem.
Synergizing Leading TON Initiatives
Examining these five cryptocurrencies unveils their critical contributions and potential within the TON ecosystem. Each project brings unique solutions and strategic visions to the table, enhancing TON’s vibrancy and innovation capacity. From GRAM’s commitment to decentralization to NOT’s captivating gameplay, DFI’s community-centric approach, STON.fi’s trailblazing DEX model, and TONUP’s facilitative role in project launches, these endeavors collectively highlight the expansive opportunities for growth and innovation in The Open Network. As they evolve and broaden their influence, their combined efforts are set to redefine the future of blockchain technology and decentralized finance.
Santa Clara, US, March 28th, 2024, Chainwire
CARV, the modular data layer for gaming and AI, today announces the final approval of ERC-7231 – the protocol that establishes a revolutionary system of data self-sovereignty, empowering users to possess, manage, and contribute their information to both AI systems and data consumers, thereby enabling the equitable sharing of generated value.
Ethereum Community greenlighting the standard is a major step in bridging disparate digital identities and enabling users to own their online history, relationships, and experiences across platforms.
ERC-7231 binds multiple Web2 and Web3 identities to a single non-fungible token (NFT) and achieves encrypted aggregation of multi-domain identity data. The result is an “identity of identities” that enables self-authentication, social overlapping, and commercial value generation from targeted user data.
“At long last, this solution breaks down identity silos, rewrites the rules of data ownership, and lays the foundation for a user-owned internet where individuals can have an equitable share in value distribution,” said CARV Co-Founder Victor Yu.
ERC-7231 offers three important benefits at the dawn of Web3. First, the protocol’s integration with account abstraction wallets makes Web2 and Web3 onboarding (and therefore adoption) easier. Second, uniting multiple identities under one banner enables greater interoperability between different platforms and services. Third, users exercise unprecedented control over their data to decide how it’s used. If they opt to share this data, for example, users can passively earn whenever brands leverage their on-chain and off-chain identity information.
Case in point: CARV ID is integrated with the standard and already empowering users to manage their digital presence across the gaming universe with ease and confidence. More than 900,000 CARV ID holders are playing their favorite games and earning rewards across CARV’s comprehensive ecosystem, which spans from its foundational data stack, its gaming-focused application layer, to the increasing list of games integrated with CARV ID. CARV has also developed an AI Agent in house, where more nuanced data can be scrapped in a privacy-preserving way and attributed to CARV ID. Entities building on CARV’s modular data layer, such as MARBLEX which recently just announced their strategic partnership with CARV, can tap into this rich data source for game and AI development. ERC-7231 is “the key to stringing everything together,” said Yu.
Understanding gamers today is increasingly difficult due to app tracking changes (IDFA) and shifting privacy regulations (CCPA). With ERC-7231, users can not only aggregate, own, and control their identities, but gaming and AI companies can leverage this zero- and first-party data to create customized experiences and more accurately target gamers.
For example, according to the company, improved user acquisition was the aim of Electronic Arts and its latest game, EA Sports FC Tactical, in Indonesia. Utilizing CARV as one of the primary channels for user acquisition, EA recently recruited Indonesian gamers for the beta test at a lower Cost Per Install (CPI) than traditional channels. Better yet, the game can better understand each gamer and their history thanks to ERC-7231’s aggregated data from multiple gaming accounts.
“Backed by this standard, brands can shift and shape their offering with quality and compliant data, and users can share in the value creation from this information. We welcome all user identity solutions to adopt ERC-7231 and usher in a new age of identity-aggregated NFTs,” said Yu.
About CARV
CARV is the largest modular data layer for gaming and AI, revolutionizing how data is used and shared. CARV ensures privacy, ownership, and control are firmly in the hands of individuals and provides gaming and AI development with holistic and high-quality data reinforced with human feedback in a regulatory-compliant, trustless way. To pioneer a future where data generates value for all, CARV has built CARV Protocol, the modular data layer integrated with 40+ chain ecosystems, and CARV Play, its flagship gaming superapp. CARV has more than 2.5 million registered users and 700 integrated games.
For more information users can visit here or stay in the loop here.
Contact
Cofounder & COO
Victor Y.
CARV
vito@carv.io