In the dynamic world of cryptocurrencies, developments are evolving rapidly and shaping the landscape of various projects. Today we’re highlighting important updates from the Evmos Foundation, MANTA Network, imToken, WEMIX Foundation, Thetanuts Finance, Cosmos Hub, and the Uniswap community.
There are critical developments for EVMOS and these 6 coins
EVMOS worth 7.6 million dollars was taken back
On January 9, reports reported a strategic move by the Evmos Foundation. The Foundation successfully bought back 59.4 million EVMOS tokens from co-founder Akash Khosla for approximately $7.6 million. This buyback, for an undisclosed amount, aims to realign the token allocation for Evmos’ existing team and contributors. Second co-founder and director Federico Kunze Küllmer now leads the development of the project after Khosla left last year due to operational differences.
MANTA futures are listed on Aevo
Official news on January 9 confirmed that MANTA futures, currently trading at $2.78, were listed on Aevo. This comes after Manta Network announced its Into the Blue airdrop plan on January 5, offering 50 million MANTA as rewards, accounting for 5% of the total supply. In particular, 30 million MANTA is allocated to supporters and users of the Manta ecosystem, encouraging community engagement and participation.
imToken applied to MAS
Responding to its inclusion on the investor alert list by the Monetary Authority of Singapore (MAS), imToken issued a statement on January 9. He explained that the decentralized wallet differs from traditional financial services because it operates without central storage. imToken is actively collaborating with MAS to highlight these distinctions and aims to be removed from the investor warning list.
WEMIX took action against inflation
On January 9, the WEMIX Foundation announced the discontinuation of block minting rewards for WEMIX3.0 in order to address inflation concerns. The first quarter of this year will see significant changes and deployments, including the release of the updated whitepaper, the hard fork for WEMIX3.0, and the pegging of the total supply to a certain block height. Information regarding these changes will be published on data collection and trading platforms.
Thetanuts moves into phase two of v3 release
Thetanuts Finance announced the second phase of its v3 release incentive Alpha testing on January 9th. This phase, which introduces liquidity providers that can generate up to five revenue streams, builds on the success of the first phase, which received more than 70,000 applications. With approximately 75% of addresses whitelisted, the focus now shifts to improving the user experience and understanding of Thetanuts Finance v3.
Voting has started for the Cosmos Hub proposal
As of January 9, Cosmos Hub began voting on Proposition 868. The proposal aims to reduce the minimum inflation parameter from the current 7% to 0%. If approved, the inflation rate will gradually fall to 0% at an annual rate of 1% once the ATOM pledge reaches 67%.
Critical votes on Uniswap
The Uniswap community launched Snapshot voting on January 9 for a proposal that aims to reduce the governance proposal initiation threshold (PT) from 2.5 million UNI to 1 million UNI. This reduction is expected to facilitate more active participation in DAO proposals. The vote, which is scheduled to end on January 15, currently has a 100% approval rating.
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