There are important details today about eight altcoin projects that are closely followed by Turks. Let’s look at the developments in cryptocurrency projects together.
Important developments in Prisma Finance and altcoin Solana
LSD stablecoin protocol Prisma Finance announced that its governance token PRISMA will be launched on November 2. PRISMA’s maximum supply will be 300 million units. Accordingly, 62% of the altcoin project, that is, 186 million PRISMA, will be used by the Prisma DAO to promote certain actions and liquidity pools in the Prisma protocol. On the other hand, 20% (60 million PRISMA) will be allocated to core contributors. There is also an allocation of 10% to early supporters. There will be 5% in the Prisma DAO treasury. On the other hand, 3% (9 million PRISMA) will belong to CRV voters and Prisma point holders.
As another development, Altcoin Solana Labs announced an important development. Solana has officially launched an incubator aimed at attracting startup founders to choose Blockchain. Solana Labs product manager Emon Motamedi made a statement on the subject. Accordingly, he stated that such an incubation project is very important for the success of Web3 initiatives. Despite the recent decrease in the number of active addresses in Solana, the development is remarkable. The Solana Foundation insists this does not represent a significant drop in actual user numbers.
Horizen and Conflux developments
Another important development today comes from the altcoin Horizen. Accordingly, the project has the launch of Horizen EON, an EVM-compatible sidechain and smart contract platform. Horizen aims to be a permissionless, interoperable and customizable multi-chain network. Additionally, EON is the first of many smart contract sidechains on Horizen.
In another significant development, Conflux announced a partnership with NAGA, a Web3 gaming platform within Blueport Interactive, to jointly provide GameFi ecosystem solutions for game developers and gamers.
News from IoTeX and altcoin WLD
EVM-compatible Blockchain IoTeX announced its integration with Solana to provide real-time analytics on hardware devices connected to the altcoin Solana. This integration allows verifiable off-chain data to be integrated into the transparent data analytics platform through IoT-connected projects based on Solana, such as Helium, Render and Hivemapper.
Five market makers transferred the 25 million WLD they owed to the wallet of the Worldcoin project. Accordingly, the remaining 75 million altcoin WLD will be repaid on December 15. World Assets has decided to extend its initial loan agreement with market makers until December 15, 2023. Accordingly, it did not change all other terms of the agreement. As a result, on October 24, 2023, market makers will repay the outstanding loan of WLD 25 million. In addition, the remaining 75 million WLD will be repaid on December 15, 2023.
POWR and LQTY developments
Binance will launch POWR 1-50x U perpetual contracts on October 27, 2023 at 05:30. On the other hand, DWF Labs committed 1.27 million altcoin LQTY. Accordingly, numerically it corresponds to 2.7 million dollars. As a result of this commitment, he transferred 100,000 LQTY to Gate an hour ago. When we look at Kriptokoin.com, LQTY increased by 41% to $ 2.25 in the last 24 hours.
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