Newly Listed Tokens Overview by TokenInsight [2023 Week2]

0xSamuel777

Over the past week (2023.1.4-1.11) many new projects have been listed on TokenInsight. Among these tokens, Flare Network led the market with over $80 million in 24-hour trading volume, but the overall price performance was poor, with the current price dropping by 67.3% compared with the price when it was listed. A new Meme token, Fronk, launched on Solana this week, which attracted a large number of investors; and the two tokens launched by ShopNEXT also performed well.

What Tokens Did We List This Week?

As a Crypto data and research organization, our team will track the projects on the market and regularly count and present new projects and market hotspots, giving our users as much and as quick information about the market as possible.

Please note that we only provide market information for the projects mentioned in the article. We do not endorse or give investment advice on any of the projects. New projects often carry a high level of risk. Please exercise caution before taking any action and DYOR.

A total of 79 new tokens have been listed on our website over the past week. In the figure below, we show the tokens with a trading volume of more than $400,000 in the past 24 hours and show the overall price changes from its initial launch price to today‘s price, as well as the corresponding community information.

Among the new tokens listed in the past seven days, the top three tokens in terms of 24h trading volume are Flare Network, Fronk, and ShopNext Loyalty Token.

In the past week, most of the projects were launched on BNB and Ethereum, with Meme, DeFi, Game, and NFT as the main fields. Compared to the previous week, there are more Meme tokens listed this week, but most of them have poor market performance, and the only Meme with high trading volume is Fronk.

What Tokens Are Worth Paying Attention to?

Flare ($FLR), Tags: Public Chain, Cross-Chain, Smart Contract Platform

Flare Network (FLR) is a layer 1 EVM blockchain that has 2 core protocols, the State Connector and Flare Time Series Oracle (FTSO). These protocols allow developers to create an ecosystem of decentralized interoperability applications. Decentralized applications on Flare can safely and trustlessly acquire and use information from other blockchains and real world data sources, solving the oracle problem.

The Flare Network is the first Turing complete Federated Byzantine Agreement (FBA) network. Nodes run the Avalanche consensus protocol with a key adaptation to the FBA consensus topology. Furthermore, the network leverages the Ethereum Virtual Machine (EVM), enabling the network to run Turing complete smart contracts.

The Flare Network project was launched as early as 2019, but there was no transaction of its native token $FLR until this week. At present, $FLR has been listed on several centralized exchanges, such as MEXC Global, Kraken, and OKX, and the 24h trading volume is as high as $80 million; however, the price of $FLR has underperformed, as it has drooped by about 67% compared to the price when it was launched, causing some investors’ funds trapped after they entered the market.

Flare ($FLR) Airdrop, Source: [email protected]

Meanwhile, the first phase of the Flare token airdrop took place this week, and about 4.28 billion Flare tokens were distributed to airdrop recipients.

Fronk ($FRONK), Tags: Solana, Meme

Fronk is a meme token on Solana, aiming to make no one miss out on rewards because of bias. As another Meme project following the launch of Bonk last week, Fronk has received a lot of attention since its launch. Fronk feels there was bias in how the tokenomics of Bonk were assigned. Therefore, 45% of the $FRONK supply is going to the people who also contributed to the development of the Solana ecosystem but did not get $BONK. What's more, Fronk has plans to form FronkDAO to support the development of the project.

ShopNext Loyalty Token ($NEXT), Tags: BNB Chain, Web3, Traditional Industry

ShopNext Loyalty Token ($NEXT) is the loyalty token of ShopNEXT, which is a shop-to-earn crypto onboarding platform on BNB chain that utilizes card payment, NFT, and gamification to invent the Shop-To-Earn model.

ShopNEXT is a shop-to-earn crypto onboarding platform supported by Binance Pay and Binance Smart Chain. The platform rewards users free crypto (Bitcoin, Ethereum, BNB, USDT) when shopping at ShopNEXT partners. It enables users new to crypto to onboard and can contribute real value to the economy by boosting consumer spending and help merchants grow their businesses.

In addition to $NEXT, ShopNEXT has also launched ShopNEXT Reward Token ($STE) as the platform's Reward token, which has also received good market attention, with 24h trading volume reaching $0.47 million.

Kinect Finance ($KNT), Tags: BNB Chain, DeFi, Yield, Staking

Kinect Finance ($KNT) is a deflationary yield farming protocol built on BNB chain. The Kinect Protocol aims to solve the problems of other existing yield farms, yield aggregators, staking platforms, and farming rewards. $KNT is the native governance token of Kinect Finance.

Kinect Finance brings additional yield to users in addition to solving the original problem of yield farming, thus attracting the attention of a large number of investors. It is worth noting that the 24h trading volume of $KNT also exceeded $1 million, and its price performance is even better: the price has risen by 258% since its launch.

More Newly Listed Tokens

  • Dubbz ($DUBBZ) is a bridge and accelerator to blockchain-based gaming which merges traditional and web3 gaming
  • Tender.fi ($TND) is decentralized open-source protocol for borrowing and lending on Arbitrum.
  • Shibosu ($SHIBO) is a meme token on Ethereum.
  • Pusuke Inu ($PUSUKE) is a meme token on Ethereum.
  • Billiard Crypto ($BIC) is a multinational play-to-earn game on BNB chain.
  • PayBit ($PAYBIT) is contactless, borderless and secure all-in-one crypto payment platform on BNB chain.
  • Mint Marble ($MIM) is a revenue-generating social networking service platform on Polygon.
  • Holonus ($HLN) is an innovative platform solution that implements the new P2P ecosystem based on blockchain and distributed cryptographic technology.

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0xSamuel777

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