Ondo Finance and Osmosis (OSMO) attract the attention of investors with their new return mechanisms announced today. 6 hot developments from the altcoin market are as follows…
The ApeCoin community plans to donate $1 million to the Ethereum community
ETH Global Tokyo Hackathon, which started on April 14, with the participation of Ethereum developers and entrepreneurs, received support from Apecoin. cryptocoin.com We mentioned the other prominent projects of the event.
In a recent development, the Apecoin community has launched the AIP-230 offering in response to the “V God” call. ETH Global and ApeCoin provided $1 million to fund public crypto products, including a $300,000 donation to ETHGlobal through the ApeCoin Hackathon. $700,000 sponsored 11 ApeCoin hackathons and at least 5 public welfare events. The voting window for this proposal will end on April 20. The current abstention rate is 54.63%, 41.44% against and only 3.94% in favour.
This altcoin platform introduces new token burn and buyback mechanism
MetaTdex announced that in April 2023, it will officially open the retrieval and destruction mechanism of the platform token TT.
MetaTdex has reportedly burned 81458,8140 TTs, completing the first batch buyback. According to the official team, this marks a further improvement of the TT deflation mechanism and supports the increase of the TT value.
Floki Inu expands to Asian market
Floki has formed a strategic partnership with Badminton Asia for the upcoming 2023 Badminton Asian Championships. As the official regulatory authority for badminton in the Asian continent, Badminton Asia will provide a strong platform for Floki Inu’s expansion plans.
This partnership will help Floki strengthen its presence in Asia by providing strong access to millions of people in the Middle East, including China, Hong Kong, India, Indonesia, Japan and affluent regions such as Dubai, Abu Dhabi, Saudi Arabia.
As stated in the press release, the cooperation is expected to reach more than 600 million households in the region. The Badminton Asian Championship will be broadcast to 678 million households, including over 250 million in Hong Kong and China.
Ondo Finance introduces interest-paying altcoin mechanism
Ondo Finance has launched a new stablecoin alternative called OMMF, which will pay its holders interest through a tokenized money market fund. Unlike other stablecoins, OMMF will be backed by traditional money market funds and will only be available to qualified buyers and accredited investors.
The company’s website lists an APY of 4.5%, in line with the current yields of public money market funds.
The altcoin market is preparing for a new upgrade: Osmosis 2.0
According to the recent Token Unlocks report, Cosmos-based DEX Osmosis (OSMO) is preparing for version 2.0 that will impact its tokenomics. The upcoming upgrade will consist of 3 offers, each focusing on a different area:
- Expanding the OSMO emissions program
- Adjusting the emission rate
- Reducing the liquidity risk factor to 25%
Osmosis 2.0 plans to reduce the daily emission rate of the token by 50%. Other important changes to be implemented with the proposal are as follows:
- Staking: 25% ⬆️ 50%
- Pool Incentives: 13.5% ⬆️ 20%
- Community Pool: 36.5% ⬇️ 5%
- Developer Rewards: 25% ➡️ 25%
Boston Consulting Group announces new altcoin partner
As a major development for the blockchain and sustainability industries, VeChain announced the release of its latest whitepaper developed in partnership with the renowned Boston Consulting Group (BCG).
One of the key offerings introduced in the whitepaper is VORJ, VeChain’s “Sustainability as a Service” (SaaS) platform. This platform will encourage the widespread adoption of sustainable practices in various industries, allowing for the seamless creation of Blockchain Biospheres in various industries.
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