Non-Fungible Thursdays: What Happened in NFTs This Week? [Mar. 31, 2022]

Axie Infinity 'Here to Stay' After $614M Stolen from Ronin Network in Biggest Crypto Hack Ever

Axie Infinity’s New DEX May Have Crashed SLP

Selling Individuality and Belonging, NFT Avatars Are Taking Crypto by Storm

## Τι είναι το Smooth Love Potion (SLP);

Τα Smooth Love Potion (SLP) είναι διακριτικά που κερδίζονται παίζοντας το παιχνίδι Axie Infinity. Αυτό το ψηφιακό στοιχείο αντικαθιστά τους πόντους εμπειρίας.

Τα SLP είναι διακριτικά ERC-20 και μπορούν να χρησιμοποιηθούν για την αναπαραγωγή νέων ψηφιακών κατοικίδιων που είναι γνωστά ως Axies. Το κόστος αναπαραγωγής ξεκινά από 100 SLP αλλά αυξάνεται σταδιακά — ανεβαίνοντας στα 200 SLP για τη δεύτερη αναπαραγωγή 300 για την τρίτη, 500 για την τέταρτη, 800 για την πέμπτη και 1.300 για την έκτη. Τα Axies μπορούν να αναπαραχθούν το πολύ επτά φορές και η έβδομη αναπαραγωγή κοστίζει 2.100 SLP. Το όριο αυτό υπάρχει για να αποτραπεί ο υπερπληθωρισμός στην αγορά.

Μπορεί να χρειαστεί χρόνος για τη συγκέντρωση SLP μέσω του παιχνιδιού και ένας παίκτης μπορεί να χρειαστεί να κερδίσει 15 διαγωνισμούς για να αποκτήσει αρκετά διακριτικά για να πραγματοποιήσει την πρώτη του αναπαραγωγή. Η αγορά SLP στην ανοιχτή αγορά είναι ένας τρόπος για να ξεκινήσουν οι παίκτες με πλεονέκτημα.

### Ποιοι είναι οι ιδρυτές του Smooth Love Potion;

Μια καλύτερη ερώτηση είναι η εξής: ποιος ίδρυσε το Axie Infinity; Ο Διευθύνων Σύμβουλος της εταιρείας πίσω από το παιχνίδι είναι ο Trung Nguyen, ο οποίος ουσιαστικά άφησε τον ρόλο του ως προγραμματιστής λογισμικού στις ΗΠΑ για να επικεντρωθεί σε αυτό το project.

Σύμφωνα με τον Nguyen, θέλησε να εξερευνήσει τις δυνατότητες του blockchain στο gaming επειδή ήταν απογοητευμένος με το πόσοι παίκτες δεν κατέχουν πραγματικά πολύτιμα στοιχεία σε δημοφιλείς τίτλους. [Σε μια συνέντευξη με το Blockchain Gamer](https://blockchaingamer.net/exclusive-interview-with-the-axie-infinity-team/), είπε ότι η πλατφόρμα Ethereum του έδωσε την απόλυτη ευκαιρία να δημιουργήσει το «παιχνίδι των ονείρων» του.

Ο Nguyen λέει ότι η διαδικασία αναπαραγωγής, για την οποία χρησιμοποιείται το SLP, έχει σχεδιαστεί για να είναι οικεία σε όσους έχουν παίξει άλλα παιχνίδια με συλλεκτικά στοιχεία, όπως το CryptoKitties.

### Τι κάνει το Smooth Love Potion μοναδικό;

Είναι αρκετά ασυνήθιστο το νόμισμα εντός παιχνιδιού να εμφανίζεται σε ανταλλακτήρια, όπως γίνετια με το SLP. Κατά κάποιο τρόπο, είναι σαν να αποφασίζει η Nintendo να προσδώσει νομισματική αξία στα νομίσματα που χρησιμοποιούνται στο Super Mario.

Ο Nguyen λέει ότι τα Axies διαφέρουν από άλλα μη ανταλλάξιμα διακριτικά λόγω του τρόπου με τον οποίο πρέπει να ανατραφούν εάν πρόκειται να έχουν πιθανότητες να φτάσουν στην ενηλικίωση.

Το SLP είναι επίσης μοναδικό λόγω του τρόπου που κατέστη ένα από τα λίγα διακριτικά εντός παιχνιδιού που περιλαμβάνονται στη λίστα της Binance στη Ζώνη Καινοτομίας της. Το ανταλλακτήριο έχει κρατήσει αυτήν την κατηγορία συναλλαγών για στοιχεία «που είναι πιθανό να έχουν υψηλότερη αστάθεια και να ενέχουν υψηλότερο κίνδυνο από άλλα διακριτικά».

#### Σχετικές σελίδες:

Μάθετε για το [διακριτικό διακυβέρνησης Axie Infinity (AXS)](https://coinmarketcap.com/el/currencies/axie-infinity/).

Τα τελευταία δεδομένα για το [Ethereum](https://coinmarketcap.com/el/currencies/ethereum/).

Μάθετε περισσότερα για τη [βαθιά έρευνά μας στο Axie Infinity](https://coinmarketcap.com/alexandria/article/what-is-axie-infinity) και [πώς συγκρίνεται το Axie Infinity με το CryptoBlades](https://coinmarketcap.com/alexandria/article/cryptoblades-vs-axie-infinity-top-play2earn-games), ένα άλλο δημοφιλές παιχνίδι Play2Earn.

Δείτε τον οδηγό μας για τα [κορυφαία παιχνίδια NFT του 2021](https://coinmarketcap.com/alexandria/article/top-nft-games).

Μάθετε για τον μαγικό κόσμο των κρυπτονομισμάτων με το [CoinMarketCap Alexandriа](https://coinmarketcap.com/alexandria/).

Θέλετε να παρακολουθείτε ζωντανά τις τιμές του Smooth Love Potion; Κατεβάστε την [εφαρμογή για κινητά CoinMarketCap](https://coinmarketcap.com/mobile/)!

Θέλετε να μετατρέψετε την τιμή Smooth Love Potion σήμερα στο παραστατικό νόμισμα που επιθυμείτε; Ρίξτε μια ματιά στον [υπολογιστή συναλλαγματικής ισοτιμίας CoinMarketCap](https://coinmarketcap.com/converter/).

### Πόσα νομίσματα Smooth Love Potion (SLP) υπάρχουν σε κυκλοφορία;

Όσον αφορά τα tokenomics, ο αριθμός των SLP που κυκλοφορούν είναι μάλλον ρευστός. Αυτό οφείλεται στο πώς αυτά τα διακριτικά καίγονται κάθε φορά που εκτρέφονται νέα Axies. Παρ' όλα αυτά, τη στιγμή που γραφόταν αυτό το άρθρο, η κυκλοφορία του SLP ήταν δεκάδες εκατομμύρια — και αυτό το διακριτικό ERC-20 δεν έχει σκληρό ανώτατο όριο.

Εάν ο αριθμός των παικτών του Axie Infinity αυξηθεί σημαντικά, αυτό θα μπορούσε να έχει ως αποτέλεσμα πολύ υψηλότερα επίπεδα SLP να εισέλθουν στο οικοσύστημα καθώς κερδίζονται και χάνονται περισσότεροι διαγωνισμοί.

Η τιμή του Smooth Love Potion αυξήθηκε στο ιστορικό [υψηλό όλων των εποχών](https://coinmarketcap.com/alexandria/glossary/all-time-high) (ATH) των 0,3642 $ την 1η Μαΐου 2021, και στη συνέχεια έχασε σχεδόν το 75% της αξίας του. Οι τιμές συνέχισαν να ανεβαίνουν ξανά στα μέσα Ιουλίου φτάνοντας στο υψηλό των 0,3462 $. Η τιμή του Smooth Love Potion ακολούθησε έκτοτε μια πτωτική τάση.

### Πώς είναι ασφαλές το δίκτυο Smooth Love Potion;

Το Smooth Love Potion δεν έχει το δικό του blockchain, καθώς είναι ένα διακριτικό [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) — αντίθετα, τρέχει στο blockchain Ethereum.

### Πού μπορείτε να αγοράσετε Smooth Love Potion (SLP);

Όταν πρωτοκυκλοφόρησε το SLP, στην πραγματικότητα δεν είχε κυμαινόμενη αξία ως κρυπτονόμισμα. Ωστόσο, όλα αυτά άλλαξαν όταν δημιουργήθηκε ένα pool ρευστότητας για το SLP στο Uniswap. Όπως αναφέραμε, η Binance Innovation Zone δήλωσε υποστήριξη για το παιχνίδι που είναι εμπνευσμένο από τα Pokémon.

Τα κορυφαία ανταλλακτήρια όπου μπορείτε να αγοράσετε, να πουλήσετε και να ανταλλάξετε SLP αυτή τη στιγμή είναι τα εξής: [Binance](https://coinmarketcap.com/el/exchanges/binance/), [KuCoin](https://coinmarketcap.com/el/exchanges/kucoin/), [Gate.io](https://coinmarketcap.com/el/exchanges/gate-io/), [FTX](https://coinmarketcap.com/el/exchanges/ftx/), [Gemini](https://coinmarketcap.com/el/exchanges/gemini/), [OKEx](https://coinmarketcap.com/el/exchanges/okex/), [Uniswap (V3)](https://coinmarketcap.com/el/exchanges/uniswap-v3/), [SushiSwap](https://coinmarketcap.com/el/exchanges/sushiswap/) και πολλά άλλα.

Προσφέρονται πολλά ζεύγη συναλλαγών, συμπεριλαμβανομένων των SLP/ETH, SLP/USDT και SLP/BUSD. Ωστόσο, υπάρχει σημαντικό ενδιαφέρον στις Φιλιππίνες για την τιμή [SLP σε PHP](https://coinmarketcap.com/el/currencies/smooth-love-potion/slp/php/) και επίσης στην Αυστραλία για τις τιμές [SLP σε AUD](https://coinmarketcap.com/el/currencies/smooth-love-potion/slp/aud/) και στην Ευρώπη για τις [τιμές SLP σε EUR](https://coinmarketcap.com/el/currencies/smooth-love-potion/slp/eur/).

Όλα αυτά σημαίνουν ότι μπορεί να έχετε μια μικρή δυσκολία να αγοράσετε SLP απευθείας με fiat. Ως αποτέλεσμα, ίσως χρειαστεί να μετατρέψετε πρώτα τα δολάρια, τις λίρες ή τα ευρώ σας σε ένα κύριο κρυπτονόμισμα όπως το Ethereum.

Εάν είστε αρχάριοι, μπορείτε να βρείτε τον απλοποιημένο οδηγό μας για αγορά κρυπτονομισμάτων, βαθιές αναλύσεις για το project και περισσότερο εκπαιδευτικό περιεχόμενο στο [CoinMarketCap Alexandria](https://coinmarketcap.com/alexandria/).

Smooth Love Potion

Trust Wallet

MetaMask

Binance Chain Wallet

SolFlare

Backpack

Phantom

Welcome to Smooth Love Potion's Community channel aggregated by CoinMarketCap.

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Status

Synapse

Numeraire

Marlin

Renzo

Keep Network

Bluzelle

Cartesi

Portal

1ex Trading Board

Book of Ethereum

GENIUS TOKEN & NFT COLLECTIONS

Cosmic Network

Vector

Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.

To learn more about this project, check out our deep dive of Axie Infinity.

Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.

These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique.

Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace.

The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.

Axie Infinity

Alien Worlds (TLM) is a decentralized, non-fungible token (NFT) metaverse, where players compete for scarce resources, Trilium (TLM), in a stimulated economy centered around planetary worlds. Due to this, Alien Worlds also has a decentralized finance (DeFi) element to the game, as players advance by staking TLM and using TLM to vote in Planet Decentralized Autonomous Organizations (DAOs).

Play-to-earn (P2E) NFT games have seen an exponential rise in popularity and value this year. Alien Worlds allow the players, called “explorers” to earn monetary rewards through gameplay or participation in Planet DAOs. By mining in Alien Worlds, a user is rewarded with the native, in-game currency — Trilium (TLM) or NFT packs. Players can stake TLM to boost their rewards or battle with other users for NFTs.

To date, Alien Worlds has established a fair amount of its roadmap, having TLM on Binance launchpad and farming period of TLM on Binance Launchpool. A large portion of game developments have been forged as well. Moving forward, Alien Worlds aims to automate the claiming process of daily allocation to landowners in the game. Artifacts NFTs are soon to be released, and future plans include NFT interoperability.

Alien Worlds

Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.

In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.

Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences.

Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace.

Decentraland (MANA) is a decentralized virtual world platform with software based on the Ethereum blockchain, where users create, test and monetize content. In short: users buy virtual plots of land as NFTs with MANA tokens on the Decentraland platform. Progress in the game depends only on players themselves, their efforts and their imagination.

The digital platform is completely owned by its users. Within the Decentraland metaverse, participants can explore the virtual world, purchase plots of land that can be monetized, create works of art, own non-fungible tokens (NFTs), and take part in a decentralized autonomous organization of the platform Decentraland DAO. Due to the DAO, the community influences the development vector of the project.

In addition, users have access to interactive applications, in-world payments and peer-to-peer communication. The 3D world resonates with many participants as Decentraland has many applications, both entertainment for gamers and business for investors.

Two types of tokens called MANA and LAND govern operations in Decentraland. They also allow users to interact with the platform.

MANA is the official currency of Decentraland. It’s an ERC-20 standard token that powers the Decentraland platform. With MANA, users can purchase plots of LAND, as well as pay for in-game items and services.

MANA gives its holders the right to vote in Decentraland DAO. MANA can be purchased on a cryptocurrency exchange or by selling collectibles on Decentraland Marketplace. The owner of tokens converts them to wrapped MANA, or wMANA, and then commits them to the DAO. One wMANA equals one vote. MANA can be exchanged for fiat currency and other digital assets.

As for LAND, it’s a non-fungible token (NFT) based on Ethereum (ETH). It is used to track ownership of land parcels aka digital real estate. Like MANA, LAND is part of the protocol and confers voting rights, but LAND does not need to be fixed in the DAO. One LAND is equal to two thousand votes.

Players choose what to do with their land. Owners store tokens in crypto wallets and buy necessities with MANA tokens on the Decentraland Marketplace. Moreover, on the marketplace, participants can manage or exchange LAND tokens (priced in MANA). Holders use the marketplace to transact or transfer in-game items. All transactions are conducted, regulated and registered via the Ethereum blockchain.

Decentraland combines an online gaming space and blockchain technology. All control over the rules is given to the players, and token holders vote on in-game and organizational policies. The original goal was to form a decentralized virtual reality, but in practice, Decentraland has turned into a massive NFT market.

A special role in Decentraland is assigned to NFTs, such as collectibles, virtual equipment and real estate (LAND). However, for new players who want to join the universe and seize NFTs, the entry barrier will be high.

The Decentraland protocol is built on three levels using Ethereum smart contracts. On the consensus layer, the ownership of LAND is tracked and managed. The land content layer displays the content of the Decentraland virtual world. Finally, on the real-time layer, participants interact with each other.

The platform was co-founded by two blockchain experts, Ari Meilich and Esteban Ordano, in 2015. Officially it was launched a year later and became available only in February 2020, gradually turning from a 2D experiment into a full-fledged 3D world.

To sum up, Decentraland is a decentralized game and a 3D virtual reality platform where players own lands and create limitlessly. Decentralized Autonomous Organization (DAO) software is at the core, and governance is in the hands of the community. Through the native token MANA, players participate in any proposals for managing and improving the ecosystem, the auction system, and the in-game policy.

Decentraland

Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.

According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.

The Sandbox

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies — and it intends to roll out additional options.

On May 28, 2022, the genesis block of the new chain was launched to conduct future transactions under the name Terra (LUNA), and the original Terra Chain was rebranded as Terra Classic. The original native token — LUNA has also been renamed as LUNA Classic (LUNC). Moreover, all network stablecoins (UST, KRT, EUT) have been renamed to Terra Classic stablecoins (USTC, KRTC, EUTC). There will be no Terra stablecoins on the new chain.

There is a theory that the additional term “classic” is a reference to the Ethereum / Ethereum Classic split in 2017. According to CEO, Do Kwon, the collapse of UST in the spring of 2022 is the equivalent moment of the Ethereum’s DAO hack that took place in 2017.

Terra Classic

Gala is a web3 ecosystem powered by a layer-1 blockchain (GalaChain) built to power the Gala entertainment ecosystem that originally included Gala Games, Gala Music and Gala Film. More recently however, GalaChain has opened its doors to external developers and projects from any applicable industry, providing open source developer resources to simplify the process.

On a mission to empower users and creators across multiple industries throughout the world, Gala’s goal is to become the first billion user blockchain in the world. Innovators can extend the benefits of web3 to their users and communities more easily than ever before by leveraging open source tools like the GalaChain SDK and Creator Portal.

By elevating their ideas to web3 through GalaChain, developers can create custom tokens, smart contracts, reward opportunities and node networks for their communities and projects. Assets built on GalaChain can also be bridged to other blockchains, such as Ethereum, Binance Smart Chain and more. Developers who wish to learn more about getting involved with GalaChain are welcome to reach out via GalaChain.com.

The core of GalaChain is powered by its DePIN (Decentralized Physical Infrastructure Network) of Founder’s Nodes, whose operators earn daily $GALA rewards for actively providing resources to the ecosystem and enjoy governance voting rights on certain core Gala decisions. In addition to the Founder’s Node network’s foundational workload, individual projects can also create Node networks on GalaChain with more specific workloads.

Gala.com
News.Gala.com
Games.Gala.com
Music.Gala.com
Film.Gala.com

Gala

Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.

According to the project’s website, Harmony is expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.

Harmony

My Neighbor Alice is a farming-themed play-to-earn builder game built on Chromia. The game bills itself as a place where “players can buy and own virtual islands, collect and build exciting items while also making new friends.” Each player has their own avatar representing them in the game, which they can modify as they please. Players can buy virtual real estate from Alice, the game’s eponymous central figure, or the internal marketplace. All purchased land is represented as an NFT.

My Neighbor Alice aims to introduce blockchain to millions of players and targets a diverse gaming community within the traditional gaming market. Although the game is blockchain-based and integrates DeFi features, it does not require prior knowledge of cryptocurrency and blockchain. My Neighbor Alice takes inspiration from several popular sources. For instance, daily in-game tasks and social aspects are inspired by Animal Crossing, whereas Minecraft serves as a role model for building mechanics. The artwork was inspired by the Swedish children’s book Pettson and Findus.

MyNeighborAlice

WINkLink

Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands. Multiple fan tokens by Socios.com are an example of that. For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.

For instance, fans can participate and influence club-related decisions through surveys and polls, such as messages the captain should wear on his armband. The company aims to bridge the gap between being an active and a passive fan. Chiliz has developed partnerships with some of the biggest sporting institutions in the world: FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also boasts partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club.

Chiliz

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.

Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs).
Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:

Infuses them with a reserve value

Ensures their transparency and scarcity

Gives them instant liquidity

Provides utility in games and apps

Anti-inflationary

Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.

The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.

Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.

In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.

Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.

Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.

Enjin Coin

Reef is a Reliable Extensible Efficient Fast Layer-1 Blockchain for DeFi, NFT & Gaming. Built using Substrate Framework, it provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase.

Reef Chain is the most advanced EVM-compatible blockchain. It's self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades. In the near future, it will support additional VMs which will allow developers to write code in multiple programming languages. The network runs on a Nominated Proof-of-Stake (NPoS) consensus mechanism, which offers scalability and low fees.

REEF is the native token that is used for:

Fees for processing transactions and storing data.

Running validator nodes by staking REEF tokens.

Nominating which validator nodes should be part of the network.

Reef is backed by multiple leading funds and venture capitalists including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.

Reef Chain development tools include:

Remix and EVM integrated development environments for uploading and deploying smart contracts.

Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance.

Reef command line tools that allow developers deploy applications from local environments.

Reef wallet for accessing and interacting with the blockchain

Reef

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.

Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services on the basis of smart contracts. Lachesis provides security for other layers as well, including Opera, Fantom's EVM-compatible smart contract chain. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.”

One of Fantom's key strengths is its performance and efficient transaction processing, namely thousands of transactions per second, where transactions are settled in 1-2 seconds, and the cost is fractions of a cent per transaction. As a result, Fantom provides higher scalability but at a lower cost.

The ecosystem is based on two main technologies: Lachesis protocol and Opera.

The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security.

Lachesis is an aBFT consensus engine that uses a directed acyclic graph (DAG) algorithm. How it works: network data can be processed at different times, and the network filters the participants, allowing only one third, which are allocated due to erroneous or malicious behavior, without compromising network processes.

Fantom's Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism maintains the efficiency of the entire network, its design provides security at maximum speed. Fantom developers emphasize that the PoS mechanism is a leaderless phenomenon — there are no leaders of blocks and participants, and anyone can join (or leave) the network of nodes at a convenient moment.

The key qualities of Lachesis are: asynchronous, leaderless, Byzantine fault-tolerant, and near-instant finality.

As for Opera, it's an application development layer or Fantom's mainnet deployment platform, permissionless and open-source hosting DApps. Thanks to EVM integration and support for the Solidity programming language, Fantom has a full set of smart contract capabilities, which allows users to seamlessly interact with Ethereum platforms while maintaining the advantage of Fantom's transaction efficiency.

The Fantom Foundation concluded that removing block leaders improves network security, so Opera uses a PoS model and leaderless validators (validators do not determine which blocks are valid).

In addition to being a fast, secure and cheap payment platform that enables to make fast and secure payments at minimal cost, Fantom also features on-chain governance where users vote with FTM tokens (one token equals one vote). Of the features: users have the right to express the degree of agreement / disagreement on a scale from 0 to 4.

FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees, staking, and governance. FTM forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Fantom

Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as:

An exchange to swap tokens

A yield farm to earn rewards

Syrup pools to stake CAKE tokens

Ethereum liquid staking (wBETH) and simple staking

Pancake Protectors game

v3 position manager (new feature)

A prediction market

Initial Farm Offering (IFO) token launches

A bridge to bridge CAKE to Ethereum and Aptos

A lottery

An NFT marketplace

Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly. This is intended to provide a multi-year runway for emissions and incentivize locking up CAKE, making the token more valuable long-term.

PancakeSwap has an anonymous team of “Chefs,” working in the PancakeSwap “Kitchen.” The platform is open-source and has been audited by multiple reputable blockchain security firms like Peckshield and Slowmist.

Although the bear market has impacted TVL and trading volume for the protocol, PancakeSwap still boasts an annualized revenue of $27 million, with 42% of CAKE is staked:

PancakeSwap

Launched in 2017, Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups and a roaming-free experience. According to the company website, Dent employs blockchain technology’s powers to create a global marketplace for mobile data liberalization.

Dent has an ambitious roadmap ahead, with plans to expand its services to new markets by the end of 2021. The company has already attracted more than twenty-five million mobile device users, and Dent services are available in more than 140 countries. Enterprise partnerships for Dent include Samsung Blockchain, The Enterprise Ethereum Alliance and Telecom Infra.

Dent

Holo is a peer-to-peer distributed platform for hosting decentralized applications built using Holochain, a framework for developing DApps that does not require the use of blockchain technology. The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.

The Holo network will be facilitated using a token called HoloFuel, which is actively being tested and will act as an accounting system to pay hosts for their services. In 2018, the project minted an ERC-20 token, HOT — also known as HoloToken — as an "IOU" that will be redeemable for HoloFuel upon launch.

Holo is still in development and is expected to launch for open alpha and beta testing by 2021.

Holo

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.

Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.

The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.

Zilliqa

VeChainThor (VET) is a versatile enterprise-grade L1 smart contract platform whose origins began in 2015. VeChain is known as a pioneer of real-world enterprise applications, and built a distributed platform powered by Internet of Things (IoT) technologies, NFC chips and blockchain to help various industries solve data-related challenges.

VeChain solves major blockchain adoption hurdles. The platform uses an intelligent two token model, VET and VTHO, separating the protocol's Store of Value and gas fee payment mechanisms, ensuring costs can be kept low and stable. Fee delegation allows smart contracts to pay gas fees on behalf of business users, and an advanced transaction model allows data to be packaged more efficiently while ensuring finality of data.

VeChain is focused on delivering a wave of incentive-based sustainability dApps through its new platform, VeBetterDAO, working closely with Boston Consulting Group to achieve adoption across enterprise and individual users, and helping  onboard the next billion users to Web3 over the coming decade.

From supply chains to sustainability, VeChain has continuously demonstrated its leading role as a driver of blockchain in business, and is dedicated to its role as a pioneer of driving real world adoption of blockchain technology.

VeChain

SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.

This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin.

Since release SHIB now trades on the ecosystem's proprietary DEX, ShibaSwap.

eCash (XEC) is the rebranded version of Bitcoin Cash ABC (BCHA), itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). It calls itself a “cryptocurrency that’s designed to be used as electronic cash.” eCash strictly aims to be a means of transaction used to pay for goods and services. The coin was rebranded on July 1, 2021, and has since tried to distinguish itself from its predecessor. The base units of eCash are called “bits” and replace the unwieldy decimal places of Bitcoin Cash ABC. Instead of sending 0.00001000 BTC, you would send 10 bits with eCash. ECash integrates a proof-of-stake (PoS) consensus layer called “Avalanche,” which is not to be mistaken for the blockchain Avalanche (AVAX). Upon rebranding, eCash announced that it would convert all BCHA coins to XEC at a ratio of one to one million.

The cryptocurrency’s developers have set their sights on three main improvements:

Scaling transaction throughput from 100 transactions per second to more than five million transactions per second

Improving the payment experience by reducing transaction finality time

Extending the protocol and establishing fork-free upgrades