Cryptocurrency

2024

XELIS

Open Custody Protocol

A growing number of digital assets are emerging as promising investment opportunities, with several tokens seeing significant gains daily. These cryptocurrencies benefit from recent technological advancements, strategic partnerships, and shifting market conditions, attracting investors seeking growth potential.
New tokens also enter the market daily, giving investors a wider selection to explore. InsideBitcoins reviews the <a href="https://insidebitcoins.com/news/new-cryptocurrency-releases-listings-presales-today-gam3s-gg-hyper-pay-agentlayer" rel="noopener noreferrer nofollow">new cryptocurrency releases, listings, and presales today</a>, helping investors stay informed about the latest opportunities.
<h2 id="b-new-cryptocurrency-releases-listings-and-presales-today-b">New Cryptocurrency Releases, Listings, and Presales Today</h2>
Zest Finance introduces an innovative decentralized finance platform to enhance the decentralization of validator networks in the crypto market. Furthermore, XELIS focuses on user privacy by keeping all transactions and balances hidden, offering users greater security and privacy. Meanwhile, the Open Custody Protocol (OCP) brings a unique relayer system, linking different applications to a modular, open-access custody framework.
<h3 id="b-1-zest-finance-zst-b">1. Zest Finance (ZST)</h3>
Zest Finance presents a novel decentralized finance (DeFi) solution that aims to improve the decentralization of validator networks within the cryptocurrency market. The project seeks to enhance user experience by promoting competition among liquid staking protocols, which will ultimately benefit millions of cryptocurrency holders.&nbsp;
Focusing on decentralization through incentivization, Zest Finance strategically distributes capital across the ecosystem to support a diverse range of validators. Furthermore, the ZST token is the governance token of the Zest Finance ecosystem. This token serves multiple purposes, including facilitating decision-making and driving the growth of the Zest ecosystem.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-579490" src="https://insidebitcoins.com/wp-content/uploads/2024/09/ZST-Price-Chart.png" alt="ZST Price Chart" width="1057" height="418" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/ZST-Price-Chart.png 1057w, https://insidebitcoins.com/wp-content/uploads/2024/09/ZST-Price-Chart-300x119.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/ZST-Price-Chart-1024x405.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/ZST-Price-Chart-768x304.png 768w" sizes="(max-width: 1057px) 100vw, 1057px">
By introducing ZST, Zest aims to increase its total value locked (TVL) and liquidity while fostering a competitive environment among liquid staking protocols. The staked version of the token is known as vdZST and grants governance rights. Token holders actively vote on protocol proposals, shaping the governance framework that steers Zest Finance’s future.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We’re building the future of DeFi with new features, partnerships, and opportunities for <a href="https://twitter.com/search?q=%24ZST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ZST</a> holders! Stay tuned as we roll out cross-chain staking, governance voting, and more this year. 🌐 <a href="https://twitter.com/hashtag/DeFi?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DeFi</a> <a href="https://twitter.com/hashtag/ZestFinance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ZestFinance</a> <a href="https://twitter.com/hashtag/CryptoRoadmap?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoRoadmap</a> <a href="https://t.co/nnOcJhwIeS" rel="noopener noreferrer nofollow">pic.twitter.com/nnOcJhwIeS</a>
 — Zest Finance (@zest_finance) <a href="https://twitter.com/zest_finance/status/1837913399050883540?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 22, 2024</a>
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Meanwhile, staking ZST tokens earns users vdZST, enhancing their governance influence and entitling them to a share of the protocol’s revenue. Zest Finance’s governance model empowers ZST token holders to influence key decisions, ensuring that protocol adjustments and fee structures align with the community’s interests.&nbsp;
By actively engaging in governance and earning rewards, token holders play an important role in the ongoing development and success of the Zest Finance platform. Zest Finance’s goal is to create a robust decentralized ecosystem by leveraging community involvement and competitive incentives, thereby enriching the staking experience for users.
<h3 id="b-2-open-custody-protocol-open-b">2. Open Custody Protocol (OPEN)</h3>
The Open Custody Protocol (OCP) introduces a novel relayer mechanism that connects various applications to a modular, permissionless custody framework. This protocol functions similarly to a mesh network, allowing end-users to utilize various key management methods. This approach is termed “Keychain Aggregation.”&nbsp;
By simplifying the development process, OCP reduces risk and complexity while consolidating the financial aspects of maintaining multiple commercial relationships. The platform facilitates seamless integration for traditional Web3 businesses with various key management technologies, including Multi-Party Computation (MPC), dMultisig, Hardware Security Modules (HSMs), and trusted custodians.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-579491" src="https://insidebitcoins.com/wp-content/uploads/2024/09/OPEN-Price-Chart.png" alt="OPEN Price Chart" width="1200" height="800" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/OPEN-Price-Chart.png 1200w, https://insidebitcoins.com/wp-content/uploads/2024/09/OPEN-Price-Chart-300x200.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/OPEN-Price-Chart-1024x683.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/OPEN-Price-Chart-768x512.png 768w" sizes="(max-width: 1200px) 100vw, 1200px">
This capability creates opportunities for Web3 companies engaged in fintech, blockchain initiatives, tokenization, omni applications, and encryption services. The potential user base spans every developer across all blockchain ecosystems.
Central to OCP’s operations is the OPEN token, which plays a vital role in enabling economic transactions among developers, users, and custodial solutions. This token supports the exchange of native gas tokens, stablecoins, and custodial fees, thus ensuring necessary transaction guarantees within the protocol’s economic framework.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚀 While we keep cookin’, we keep growing! 🌱
 Last week showed significant growth and we’re on track to double since last month 🔥 600K keys are just around the corner… Stay tuned! 🔑✨ <a href="https://t.co/7ku9ocwIPv" rel="noopener noreferrer nofollow">pic.twitter.com/7ku9ocwIPv</a>
 — Open Custody Protocol (@OpenCustody) <a href="https://twitter.com/OpenCustody/status/1834925729181495734?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 14, 2024</a>
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Furthermore, the Open Custody Protocol’s tokenomics distinguishes it from many other protocols. Typically, token holders must stake their tokens to validators to earn economic rewards. In contrast, OCP allows any OPEN holder to engage with the ecosystem without managing complex operations or relying on large validators.&nbsp;
Participants can derive value simply by participating in the liquidity pools that support the Open Custody Protocol. In addition, OCP aims to streamline the intersection of diverse key management solutions and expand developer accessibility, making it one of the best options within the Web3 sector.
<h3 id="b-3-memebet-memebet-b">3. Memebet (MEMEBET)</h3>
The <a href="https://insidebitcoins.com/visit/memebet" rel="noopener noreferrer nofollow">Memebet</a> token has drawn notable attention during its presale phase, accumulating over $270,000 in funding. This token powers a new betting platform that operates primarily through Telegram. Moreover, Memebet uses meme coins to place bets, merging traditional sports betting and meme cryptocurrencies.
Furthermore, the platform’s Web3 casino appeals to a broad audience, including meme coin investors, Telegram trading bot users, and gambling fans. Memebet enables deposits and withdrawals in several popular meme coins, such as Pepe, Dogewhifhat, Shiba Inu, and Bonk.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-579492" src="https://insidebitcoins.com/wp-content/uploads/2024/09/MEMEBET-Tweet-7.png" alt="MEMEBET Tweet " width="747" height="122" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/MEMEBET-Tweet-7.png 747w, https://insidebitcoins.com/wp-content/uploads/2024/09/MEMEBET-Tweet-7-300x49.png 300w" sizes="(max-width: 747px) 100vw, 747px">
Also, the platform is built on blockchain technology, ensuring fast transactions and addressing common delays associated with traditional banking systems. Participants only need a cryptocurrency wallet to engage with the platform, eliminating the need for KYC (Know Your Customer) verification or formal account creation. This offers users a more private and simplified betting process, ensuring that everyone can easily participate.&nbsp;
At the time of writing, the MEMEBET token is priced at $0.0253. Players can use popular meme coins, such as SHIB, DOGE, and PEPE, to place bets on various games, slots, and sports betting options within the Memebet Casino.
<iframe title="New Memebet Meme Coin Launched Now!! Buy Early For MAX GAINS + AIRDROP OPPORTUNITY!!" width="640" height="360" src="https://www.youtube.com/embed/98utOrWO6cw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
The presale is nearing its next funding milestone, with two days left for investors to join before the token price increases. In addition to the presale, Memebet has reserved 400 million <a href="https://insidebitcoins.com/visit/memebet" rel="noopener noreferrer nofollow">MEMEBET</a> tokens for airdrops to users who wager on the platform. While higher-stakes bettors will benefit more from these rewards, regular users will also have the opportunity to earn airdrops in future rounds.
<a href="https://insidebitcoins.com/visit/memebet" rel="noopener noreferrer nofollow">Visit Memebet Presale</a>
<h3 id="b-4-xelis-xel-b">4. XELIS (XEL)</h3>
XELIS prioritizes user privacy, ensuring that all transactions and balances remain confidential. This feature instills a sense of security and confidence in users, knowing their financial activities are shielded from prying eyes. Additionally, it supports smart contracts, which are self-executing agreements coded into the blockchain, facilitating the creation of complex applications with automated processes.
Furthermore, the platform features scalability, as its design supports a blockchain capable of handling daily transactions efficiently. This scalability is crucial for the cryptocurrency’s potential for mainstream adoption. The platform also prioritizes ease of use for developers, providing an event-driven asynchronous task system for managing databases, peer-to-peer interactions, and API functionalities. This simplifies the development process significantly.
<img decoding="async" class="aligncenter size-full wp-image-579493" src="https://insidebitcoins.com/wp-content/uploads/2024/09/XEL-Price-Chart.png" alt="XEL Price Chart" width="1200" height="800" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/XEL-Price-Chart.png 1200w, https://insidebitcoins.com/wp-content/uploads/2024/09/XEL-Price-Chart-300x200.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/XEL-Price-Chart-1024x683.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/XEL-Price-Chart-768x512.png 768w" sizes="(max-width: 1200px) 100vw, 1200px">
The platform’s linking unique topology heights to block hashes ensures that the first block ordered executes the transaction first. This approach reduces the occurrence of orphaned blocks during branch merging.
In addition to serving as a transaction network, XELIS also functions as a data storage and computation platform. It encrypts the data stored on its blockchain, allowing users to share this information with others or keep it private. This capability enables the integration of encrypted data within transactions, which facilitates services that link the blockchain to real-world applications and supports the development of a decentralized ecosystem.
Meanwhile, XELIS offers a forward-looking approach to cryptocurrency, emphasizing privacy, scalability, and developer integration. Its unique technological framework positions it as a versatile platform for various future applications.
<h3 id="b-read-more-b">Read More</h3>
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 <li style="font-weight: 400"><a href="https://insidebitcoins.com/buy-cryptocurrency/upcoming-binance-listings" rel="noopener noreferrer nofollow">New Crypto Releases and Listings </a>&nbsp;</li>
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New Cryptocurrency Releases, Listings, & Presales Today – XELIS, Zest Finance, Memebet

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