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(https://coinmarketcap.com/academy/article/how-to-play-catizen)

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Scallop (SCA) is a next-generation decentralized finance (DeFi) protocol built on the Sui blockchain, offering a comprehensive suite of financial services including lending, borrowing, automated market making (AMM), and asset management. Developed by Scallop Labs, a team with expertise in DeFi, cybersecurity, and fintech, Scallop has garnered support from prominent investors such as CMS Holdings, 6th Man Ventures, KuCoin Labs, and Mysten Labs. Notably, it is the first DeFi project to receive an official grant from the Sui Foundation, underscoring its institutional-grade quality and robust security.

The platform features a dynamic money market that supports high-yield lending and low-fee borrowing, catering to both retail and institutional participants. Scallop enhances liquidity through its integrated AMM, and provides seamless cross-chain transactions via its Bridge and Swap interface.

Scallop introduces veSCA, a vote-escrowed version of its native token $SCA. By locking SCA tokens, users receive veSCA, granting them governance rights, boosted rewards, and a share in protocol revenues. This model incentivizes long-term participation and aligns user interests with the platform's growth.

For professional traders and developers, Scallop offers an open-source Software Development Kit (SDK), enabling the creation of customized trading strategies and tools. The platform's architecture leverages Sui's high-performance capabilities, including parallel transaction execution and low latency, ensuring a secure and efficient DeFi experience.

Scallop

Chrono.tech provides blockchain-based solutions for recruitment, HR and payment processes, reducing the barriers to accessing work and transferring funds securely in the global labor marketplace. The project’s suite of services - and native governance token TIME - are hosted on multiple blockchains and include LaborX.com, a peer-to-peer freelancer marketplace, TimeX.io, a Plasma-based cryptocurrency exchange; AUDT, an Australian dollar-backed stablecoin; and PaymentX, a crypto invoicing and payroll solution.

Chrono.tech

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MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.

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