Token News & Articles

Blur officially launched a new NFT marketplace on Blast, offering Blast Points and 2 million in GOLD rewards.

The Deets

• Chain Switching: Trade Blast NFTs by switching chains directly on Blur
• Blast Points and GOLD: Earn points through listing, bidding, and purchasing NFTs
• Points Hidden: The farming rewards remain hidden until end of the season. 

The Bulk

Blur unveiled the addition of Blast L2, allowing users to trade Blast NFTs on the leading ETH NFT marketplace. By participating with Blur on Blast, traders can earn Blast Points, which accumulate through active trading and bidding on NFTs. 

In addition to the Blast Points, Blast allocated a substantial sum of 2 million GOLD to incentivize early adopters and frequent traders on the platform. 

Users that deposit to the Blur Pool on Blast will still earn the native yield that is fundamental to the Blast L2. This native yield will be used for future creator rewards and trader giveaways. 

One wrinkle to Blast's inclusion on Blur is that the points earned from trading will remain hidden until the end of the season, keeping farmers in the dark about exactly how they're earning points and which activities will be most fruitful. 

📊 By the Numbers

As part of the launch, Blast has committed to distributing 2 million GOLD to active traders on the platform. 

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The Eigen Foundation launched details of its $EIGEN token stakedrop for Season 1, opening claims on May 10, 2024.

The Deets

• Stakedrop Introduction: Season 1 of the EIGEN stakedrop allocates 5% of EIGEN tokens to eligible restakers.
• Non-transferable Phase: Initially, the EIGEN token will be non-transferable to foster community consensus on its unique staking features.
• Intersubjective Forking: Designed to address intersubjective faults, enhancing protocol security.
• Future Plans: Upcoming seasons will evaluate community engagement and contributions.

The Bulk

The Eigen Foundation aims to introduce a novel approach to staking with its $EIGEN token, emphasizing "intersubjective forking"—a mechanism to deal with non-objectively verifiable faults. This feature allows the EIGEN token to be forked within the EigenLayer without affecting Ethereum's mainnet consensus.

Initially, the token will not be transferable, focusing on building a robust community consensus around its novel features. This strategic move is part of the foundation's broader aim to enhance security and resilience within the EigenLayer ecosystem.

Despite being highly-anticipated, the community did not react super positively to the details surrounding EigenLayer's token distribution, mocking the company's preferable insider and VC terms. 

🎤 Community Quotes

📊 By the Numbers

5% of the initial EIGEN supply is designated for Season 1 of the stakedrop, targeting restakers who have supported the protocol's early stages.

🔜 What's Next?

Following the initial non-transferable phase, the Eigen Foundation plans to fully enable the token's functionalities, including its innovative forking capability, setting the stage for subsequent stakedrop seasons and increased community participation.

🎬 Take Action

Eligible participants in supported geographic regions should prepare to claim their $EIGEN tokens starting May 10, 2024, by visiting the official Eigen Foundation claims portal.

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OKX Jumpstart is offering a Runecoin mining opportunity for BTC stakers starting today, Apr. 29. 

The Deets

• Token Staked: BTC
• Token Earned: RUNECOIN
• Brief Runecoin Mining Period: April 29 to April 30, 2024
• Runecoin Trading: From Apr. 30 onward.

The Bulk

Starting this morning, OKX Jumpstart is allowing users to engage in a unique mining event where BTC can be staked to mine Runecoin tokens. This opportunity is designed to offer early access to Runecoin, one of the leading Bitcoin Runes. 

The mining period is set for a brief 24-hour window, but thereafter mined Runecoin is eligible to be traded on OKX, marking the first major exchange listing of a Bitcoin Rune. 

📊 By the Numbers

• Total RUNECOIN available for mining: 367,500,000 or ~$5.7 million at today's prices. 

🎤 Project Prose

🔜 What's Next?

Following the mining period, participants can expect RUNECOIN trading to commence tomorrow, Apr. 30. at 3:00 a.m. ET.

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Blast will distribute 10 million Gold to Dapps this week using a newly introduced Incentive Weight system.

The Deets

• Incentive Weight Introduced: Aimed at improving how Dapps design incentives.
• Criteria Published in Advance: Dapps can optimize their incentives before distribution.
• Community Involvement: Members can report suspicious activities and provide feedback.
• Future Mechanisms: Plans to allocate Gold to token and NFT projects soon.

The Bulk

Blast Network is set to distribute 10 million Gold among Dapps that live on Mainnet, determined by a meticulous new formula that incorporates Category Weight, Blast-native Weight, Dapp Weight, and the all-new Incentive Weight.

The introduction of the Incentive Weight allows the network to address the effectiveness of Gold distribution, ensuring Dapps are rewarded based on the quality and fairness of their incentives.

With this strategic move, Blast aims to promote greater transparency and fairness in the allocation of resources, which will, in turn, encourage Dapps to improve their offerings.

The network has detailed the specific issues it aims to address, including the misuse of Gold in incentivizing token or NFT ownership, using Gold to indirectly promote revenue, and the need to avoid non-transparent insider dealings.

📊 By the Numbers

Dapps are categorized and weighted in various fields like Spot Dex (6) and SocialFi (4), down to NFT Infra (1), affecting their share of the 10 million Gold based on performance and alignment with Blast's standards.

🎤 Platform Prose

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Binance is launching Binance Megadrop, a token launch platform that merges airdrops with interactive web3 quests to enhance user engagement and provide exclusive access to new web3 tokens. 

The Deets

• Engagement Through Education: Complete tasks via the Binance Web3 Wallet for early access to tokens.

• Token Introduction: The debut token, BounceBit (BB), integrates BTC restaking mechanisms.
• Reward Structure: Megadrop participants can earn up to 168 million BB tokens.
• Access Method: Users must subscribe to BNB Locked Products and finish specified Web3 quests.

The Bulk

Binance Megadrop aims to redefine the web3 airdrop experience by incorporating elements of Binance Simple Earn and the Binance Web3 Wallet into a single, cohesive platform. This approach allows users to engage with new web3 projects like BounceBit (BB) before they are officially listed on the exchange for trading. 

By subscribing to BNB Locked Products and completing designated web3 quests, users can accumulate scores, which determine their share of the available tokens. For BounceBit, the platform's first launch, 168 million BB tokens are set aside as rewards. 

Founder Feedback

🎬 Take Action

Binance users in supported jurisdictions can find Megadrop in the "more" section of their account panel. 

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ArcadeDAO officially launched its governance token $ARCD, now live on the Ethereum mainnet, enhancing its decentralization journey and now allowing for token transferability and trading. 

The Deets

• Governance Participation: $ARCD token holders can engage in decision-making.
• Staking Opportunities: Stake $ARCD or $ARCD/wETH LP tokens to earn rewards.
• Increased Liquidity: Liquidity providers earn $ARCD rewards on each block.
• Time-Locked Rewards: Earn more by locking in your staking duration.

The Bulk

ArcadeDAO has taken a significant leap forward by introducing its governance token $ARCD on the Ethereum mainnet and enabling transferability, trading, and staking. 

Now holders of $ARCD have multiple staking opportunities, including direct $ARCD staking and $ARCD/wETH liquidity pair (LP) staking on Uniswap V2, both of which allow users to earn $ARCD tokens as rewards.

Further, ArcadeDAO has introduced a unique time-lock feature in its staking process, allowing users to select specific time frames for staking their tokens, which in turn qualifies them for future rewards under the Arcade protocol. This approach not only secures long-term user involvement but also stabilizes the token's utility within the ecosystem.

Those who previously participated in Arcade's Level 1 can now claim $ARCD as well. Future users will have the opportunity to participate in up to 10 levels, promoting further growth and platform usage. 

🔜 What's Next?

ArcadeDAO plans to introduce additional features and levels for $ARCD staking, aiming to further incentivize and reward the community. In addition, the protocol aims to further build on Base and Bitcoin. Keep your eye out for the Base version of "Clash of Claims," offering users the opportunity to join $ARCD holders and participate in future governance. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Drift Protocol introduced $DRIFT, the protocol governance token which aims to shape the future of the world’s largest perpetual futures exchange on Solana.

The Deets

• Token Role: $DRIFT enables user governance and voting rights.
• Protocol Growth: From foundational DeFi project in 2021 to $350m TVL and >$20b in volume.
• Community Focus: Airdrop of 100M $DRIFT tokens to reward community loyalty and participation.
• DAO Structure: Innovative multi-branch DAO including Realms, Security Council, and Futarchy.

The Bulk

Drift Protocol launched details of its $DRIFT governance token as a cornerstone of its strategy to decentralize decision-making and enhance protocol growth.

This governance structure includes several branches: the Realms DAO focusing on development, the Security Council responsible for upgrades, and the Futarchy DAO which funds projects and grants. 

No official TGE was announced, but at that time 100 million $DRIFT tokens will be available to the community, 10% of the total token supply. 

📊 By the Numbers

Drift Protocol boasts a total value locked (TVL) of $350 million, serves over 180,000 traders, and has handled more than $20 billion in trading volume since its inception.

🎤 Founder Feedbac

🔜 What's Next?

 Details on how to check and claim the $DRIFT airdrop will be announced soon, with further expansions on DAO functionalities and tokenomics to follow.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

CyberKongz shared its Prometheans Pre-Runes collection distribution mechanics and details as it begins selecting Ordinals communities for exclusive access. 

The Deets

• Collection Details: Prometheans, a symbol of pioneering spirit, aligns with Bitcoin's ethos of innovation and experimentation.
• Targeted Distribution: Airdrop targets communities that embody the Ordinals spirit, utilizing advanced Diamond Hand Weighting.
• Technology Partnership: Ordinals Bot collaborates to deploy a unique script that prioritizes long-term holders.
• Supply and Accessibility: 21,000 units available for free, ensuring broad community engagement.

The Bulk

CyberKongz is rewarding those who have supported the Ordinals ecosystem with 85% of its upcoming Prometheans Pre-Runes airdrop. Using a Diamond Hand Weighting system, developed in partnership with Ordinals Bot, it assesses community members based on their commitment to holding Ordinal inscriptions. This method ensures that those who have demonstrated long-term faith in the vision of Ordinals are rewarded.

Selected communities, chosen for their alignment with core values of innovation and experimentation, will soon find themselves with exposure to Prometheans. 

The initiative uses a bespoke script that pulls data points such as wallet addresses, inscription details, and the last transfer timestamps to determine eligibility, highlighting a technical innovation in how airdrops are targeted and executed.

📊 By the Numbers

21,000 Prometheans will be available, 85% of which are going to existing Ordinals communities with 15% bookmarked for CyberKongz holders. 

🎤 Community Quotes

🔜 What's Next?

Thus far, CyberKongz has announced Runestones and Ordinal Miners as exclusive access recipients for Prometheans. More announcements are expected shortly. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

The NFTfi Foundation introduced its governance token ($NFTFI) and its tokenomics and supply schedule yesterday. 

The Deets

• Decentralization: NFTfi progresses towards decentralization with NFTFI token launch.
• Lending Growth: Facilitated over $550 million in loans, earning lenders $15 million in interest.
• SDK and Interoperability: Full-feature SDK for enhanced protocol interoperability.
• Tokenomics: 2 billion tokens, 220 million initially circulating, claim portal expected in Apr. 

The Bulk

The introduction of its governance token, NFTFI, is a stride towards further decentralization of the NFTfi platform, providing stakeholders within the NFTfi ecosystem a voice in its evolution.

$NFTFI will enable holders to vote on critical aspects of the protocol, such as adding or removing NFT collateral types and adjusting fees and beyond. 

Two billion $NFTFI tokens will exist with an estimated 220 million in initial circulating supply. Current and future NFTfi users and community members will receive 25% of the supply, with an expected claims portal opening in Apr. 

📊 By the Numbers

• $550 million+ in overall loan volume.
• $15 million+ in interest earned by lenders.
• 2 billion NFTFI tokens created, with 220 million initially circulating.

🔜 What's Next?

According to the blog post, a TGE has already taken place with an expected claims portal opening at a later date in Apr. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Animoca Brands is teaming up with Imaginary Ones to help with tokenomics and crafting an "inventive airdrop campaign." 

The Deets

• Partnership Goals: Enhancing Imaginary Ones' token economics and advising on market strategy.
• Diverse Ecosystem: From NFTs to games and merchandise, expanding blockchain's entertainment reach.
• Deepening Ties: Animoca Brands announced an investment in IO in Feb. 

The Bulk

Animoca Brands and Imaginary Ones formalized a partnership to harness Animoca Brands' experience for the evolution of Imaginary Ones. This collaboration is set to redefine Imaginary Ones' approach to token economics while devising an inventive airdrop campaign and go-to-market strategy. 

📊 By the Numbers

Imaginary Ones is up 5% this week to 1.31 ETH. 

🎤 Founder Feedback

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