Crypto Daily Digest - November 16th

TI Research

A decentralized group of more than 8,000 cryptocurrency investors plans to bid on a Sotheby's auction this week for one of 11 known existing copies of the U.S. Constitution. Since the group's launch last week, it has raised more than $5 million. Paraswap | GuildFi | Katana | Pawnfi

Airdrop

DEX Aggregator Paraswap Launches its Own Token, to Airdrop 150 million PSP

 DEX aggregator provider ParaSwap Foundation is launching its native token $PSP on Ethereum blockchain by doing a retroactive airdrop. 150 million tokens will be rewarded to early users of ParaSwap (around 20,000), representing 7.5% of the total PSP supply of 2 billion. Source

Alpha Launchpad Introduces Its 3rd Incubated Project

GuildFi provides infrastructures for Metaverse users by providing essential core features that every GameFi gamers' need. Due to the disclose, there are some features of GuildFi:

  • It can help users to stay on track and compute all their achievements and rewards across the Metaverse.
  • It will analyze users' lifetime activities and allocate NFT or token rewards to them by their ranking on GuildFi.
  • It can help new GameFi users discover games matching with their interest.
  • It offers users with tools that can enhance their performance in games.
  • To reduce entry barriers for GameFi freshers, it supports users with Scholarship Portal.

As the third incubated project of Alpha Launchpad,it will distribute 10,000,000 $GF, namely 1% of the total supply of $GF to $ALPHA stakers. Source

IDO

Gold Fever $NGL list on Huobi Primelist

NGL, the native token of Gold Fever, a survival-versus-combat multiplayer RPG on Ethereum, will list on Huobi Primelist on Nov. 19. Huobi Global users will have the opportunity to purchase 1% of NGL total supply for $0.145, the same price as the IDO on DAO Maker in September. This is the same price as the IDO on DAO Maker in September. The game was expected to be available for Beta testing in 2021Q4. But the development team has announced that it will be using the newer Unreal Engine 5 instead of the existing Unreal Engine 4, this may cause the delay of the beta test. Source

Flux Announces Its LBP on Balancer

Flux announces its LBP on Balancer and Mainnet Launch details. The Flux LBP will be on December 1st 2021 with the starting price of $2.00 and the Initial LBP Supply of 15,000,000. Flux Protocol will launch NEAR mainnet on or before the 30st of November. Flux is a cross-chain oracle aggregator that provides smart contracts with access to economically secure data feeds on anything. Source

TaleCraft IDO on Avalaunch

  • Registration: Nov 17 at 3 p.m. (UTC)
  • Sale Size: $900,000 USD
  • Price: $0.28

TaleCraft is a PVP, play-to-earn cardboard game, driven by a unique mint and craft mechanic. Elemental base cards are sold weekly, allowing only the most skilled alchemists to thrive and progress in this medieval metaverse. All NFT holders will receive AVAX yield generated by the game ecosystem, rewarding the most loyal and skilled holders. Source

DeFi

ConstituionDAO - Let's Buy the US Constitution

ConstitutionDAO is a DAO organized to purchase a copy of the United States Constitution when it goes up for auction at Sotheby’s this Thursday at 6:30pm ET. A decentralized group of more than 8,000 cryptocurrency investors plans to bid on a Sotheby's auction this week for one of 11 known existing copies of the U.S. Constitution. Since the group's launch last week, it has raised more than $5 million. Source

Introducing Katana

Katana is building the yield generation primitive for Solana. The project which won the Grand Prize at the Solana Ignition hackathon. At its core, Katana simplifies yield generation on Solana by identifying, composing, and packaging the best strategies in DeFi into accessible yield products. Katana’s first product to arrive on mainnet will be structured products — consisting of covered calls and put selling strategies — followed by automated vault strategies. Source

Olympus Pro — Introducing Cohort 3 Launch Partners

Olympus Pro is a service for protocols looking to supplement liquidity mining in their emissions programs with low overhead and maximum impact. On Nov 16th, they announced the partners for Cohort 3. Cohort is Olympus Pro's partnership programme with Fantom ecosystem. They have finished 2 rounds, and the 3rd round includes:

  • KeeperDAO (ROOK-ETH) — Bonds go live on Nov 15th
  • mStable (mUSD — 3pool) — Bonds go live on Nov 16th
  • Angle (ANGLE-agEUR) — Bonds go live on Nov 17th
  • Bankless DAO (BANK-ETH) — Bonds go live on Nov 18th
  • Gro (GRO-PWRD) — Bonds go live on Nov 19th (Vote is pending)
  • Everipedia (IQ-ETH) — Bonds go live on Nov 20th Source

dYdX StarkProxy Smart Contract Update Plan Passed In Snapshot Vote

According to the Snapshot vote result, the dYdX StarkProxy smart contract will be updated to support deposit cancellation & recovery and ensure market makers can safely make use of Liquidity Staking Pool. 5.3m $DYDX (99.92%) from 474 voters indicating consensus in favor of the upgrade. Source

Funding

Pawnfi Announces Closing of $3 Million in Strategic Financing

Pawnfi has closed Strategical-funding led by Digital Currency Group (DCG), and also included Animoca Brands, Dapper Labs, Polygon, DeFi Alliance, Hashkey Capital, Everest Venture Group, SNZ, and 6Block. This cements Pawnfi as the first and prominent non-standard assets (NSA) marketplace, providing never-before-seen opportunities that have elevated the realm of crypto assets to new heights. Source

NFT Games Irreverent Labs Completes $5 Million Seed Round led by a16z

Irreverent Labs, an NFT game founded by former Microsoft executive Rahul Sood, has closed a $5 million seed round led by a16z. The Irreverent Labs team currently consists of 16 people and the team plans to launch its first NFT game next month with AI characters that can be machine-learned through artificial intelligence and can also be traded as NFT, where users can earn currency through the game. Source

DAO

DeFi

TI Research

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