Crypto Daily Digest - November 22nd

IDO

MonoX Public Sale on HuobiGlobal

MonoX is a multi-layer, multi-chain DEX that solves the capital inefficiencies created by liquidity pairs, using a single token pool model. More specifically, when users add liquidity to a pool, they do not need to pair the token but rather supply the single token to the pool. Then, the protocol will match the token with a virtual pair token called vCASH. Later, the protocal will also inroduce lending/borrowing products, as well as derivatives like futures and options trading based on the single token liquidity pools. $MONO is the governance and utility token of MonoX.

• Sale price: 0.4 USDT / MONO
• Allocation amount: 1,000,000 (1% of total supply)
• Time: November 25th, 10:00 UTC Source

Umee Token Sale on CoinList

Registrations for the Umee (UMEE) token sale on CoinList are now open. Umee is a cross chain DeFi hub that interconnects between blockchains. Umee Protocol finished $6.3m seed round in June led by Polychain. The sale begins on December 1, 17:00 UTC and has two public options:

Option 1

• Supply: 300,000,000
• Price: $0.06
• Lockup & release: 2-month cliff followed by a 10-month linear vesting schedule, with tokens released on or around February 15, 2022

Option 2

• Supply: 200,000,000
• Price: $0.07
• Lockup & release: 2-month cliff followed by an 8-month linear vesting schedule, with tokens released on or around February 15, 2022 Source

DeFi

Pangolin V2

The proposal of Pangolin V2 has passed, and it will be live on Nov 22. Pangolin is an AMM community-driven DEX on Avalanche launched in February 2021. According to the introduction, the Pangolin V2 will contain updates including improved tokenomics, $PNG supply reduction, smart contract optimization, more LP rewards, and a new UX. Source

Constitution DAO will Refund According to the Amount of $PEOPLE Tokens Held

The decentralized autonomous organization Constitution DAO has updated its refund requirements, which originally based refunds on a snapshot of a user's $PEOPLE token balance (no $PEOPLE tokens required after the snapshot) to require $PEOPLE tokens at the original exchange rate (1 $ETH to 1 million $PEOPLE) for refunds. The price of $PEOPLE tokens fell sharply after the snapshot, and after the organization changed the refund requirement, the price of $PEOPLE tokens rebounded sharply. Source

NFT/GameFi

Phantom Galaxies First NFT Airdrop

Phantom Galaxies, an open-universe third-person mech combat game, will soon launch first airdrop. Visit the official website and link wallet address to have a chance of free airdrop, snapshot as of Nov 22, 11:59PM UTC. Phantom Galaxied is jointly published by Animoca Brands and Blowfish Studios. The game is scheduled to be released on Windows PC platform in 2022. Source

ThetanArena Official Launch Time

ThetanArena, a cross-platform MOBA game built on KardiaChain, announced its official launch on November 27th. Two rounds of NFT pre-sales were held on its website early this month, with over 17,000 players participating. YGG announced its partnership with Thetan Arena on October 13, purchasing the native token THG as well as the Hero NFT. According to YGG's asset & treasury report disclosed in October, a total of $1.75m worth of Thetan Arena assets were purchased. Source

Wolf Game, Bringing ERC-20 and ERC-721 Together

Ethereum NFT/DeFi mini-game Wolf Game announced a new play mode for the game: Except farming, players can participate and claim 20,000 genesis Land parcels in the game. Wolf game gives one parcel of land to each of the 10,000 Gen 0 Sheep & Wolves. Source

Defina Received a Strategic Investment From Huobi Ventures

Huobi Ventures has made a strategic investment to Defina Finance. Defina will collaborate closely with Huobi Ecosystem to explore gamefi and metaverse development using NFTs and defi with blockchain technology. Defina Finance is a fascinating blockchain Metaverse game that combines the concept of DeFi and NFT. Source

Fundings

DAO Governance Tool Snapshot Announces $4 Million Funding Closing, Possible Token Issuance

the Snapshot development team, a DAO governance tool, has closed a $4 million seed round led by 1kx with participation from Coinbase Ventures, StarkWare, and Long Hash Ventures, among others. According to the project founders, Snapshot may issue tokens. Source

NFT Trading Platform Quidd Closes $5 Million Funding Round

Quidd, Animoca Brands' NFT trading platform, has raised a total of $5 million in a private round and IDO. The private round raised $4 million from investors including BSC Growth Fund, Genesis Block Ventures and others; IDO took place on 18 November on Polkastarter, where 2 million $QUIDDs were issued at $0.25 per token for a total value of $500,000; in addition, a pre-sale on 3 November on Animoca Brands' Launchpad, a total of 1,001 vouchers worth $500,000 were sold, each of which will be redeemable for 2,500 $QUIDDs after 3 May 2022. Source

Readings

Story Behind Yield Farming：Source