## ETHPoW (ETHW) คืออะไร?

EthereumPoW (ETHW) เป็น [ฮาร์ดฟอร์ก](https://coinmarketcap.com/alexandria/glossary/hard-fork-blockchain)ที่มีศักยภาพของบล็อกเชนของ [Ethereum](https://coinmarketcap.com/th/currencies/ethereum/) จาก [Ethereum Merge](https://coinmarketcap.com/alexandria/article/the-eth-merge-trade) ที่กำลังจะเกิดขึ้น The Merge จะมองการเปลี่ยนแปลงของ Ethereum ไปเป็น [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) ในขณะที่เวอร์ชั่นฟอร์กก็จะยังคงเป็น [proof-of-work](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow) ต่อไป

อ่าน: [ทั้งหมดที่คุณต้องการเรียนรู้เกี่ยวกับ Ethereum Merge](https://coinmarketcap.com/alexandria/article/all-you-ever-wanted-to-learn-about-the-ethereum-merge)

EthereumPoW วางตำแหน่งตัวเองเป็น "การทำงานแบบ Proof of Work ในแบบดั้งเดิมของ Ethereum ที่มีการพัฒนาและดำเนินการโดยชุมชน" อย่างไรก็ตาม Ethereum "ดั้งเดิม" จะเป็น [Ethereum Classic](https://coinmarketcap.com/th/currencies/ethereum-classic/) ซึ่งเป็นบล็อกเชน Ethereum เริ่มต้นที่จะมีการดำเนินต่อไปด้วยสถานะดั้งเดิมของเชนหลังจาก [การแฮ็ค 'The DAO'](https://coinmarketcap.com/alexandria/article/a-history-of-the-dao-hack)

### ใครคือผู้ก่อตั้ง ETHPoW?

EthereumPoW ได้รับการสนับสนุนโดยกลุ่ม [ผู้ขุด](https://coinmarketcap.com/alexandria/glossary/miners) ETH ที่ไม่ระบุชื่อ (ในปริมาณและชื่อ) ที่อาจสูญเสียจากการเปลี่ยนไปใช้ PoS จากข้อมูลของ Messari อุตสาหกรรมการขุด Ethereum มีมูลค่าประมาณ 19 พันล้านดอลลาร์ ซึ่งจะกลายเป็นความล้าหลังเมื่อเปลี่ยนไปใช้ PoS เนื่องจาก Ethereum ถูกขุดด้วย [GPU](https://coinmarketcap.com/alexandria/glossary/graphical-processing-unit-gpu) เฉพาะ ผู้ขุดไม่สามารถเปลี่ยนเป็น [Bitcoin](https://coinmarketcap.com/th/currencies/bitcoin/) ซึ่งขุดด้วย [ASIC](https://coinmarketcap.com/alexandria/glossary/asic) ได้

Vitalik Buterin ผู้ก่อตั้ง Ethereum แนะนำให้ [ETC](https://coinmarketcap.com/th/currencies/ethereum-classic/) เป็นทางเลือก โดยอ้างถึงว่าเป็น "เชนที่ดีที่สุด" สำหรับผู้ขุด ETH ในปัจจุบัน อย่างไรก็ตาม ดูเหมือนว่านักขุดจะมุ่งมั่นที่จะทำการฟอร์ก ETHW ผู้ที่โดดเด่นที่สนับสนุนการฟอร์ก ได้แก่ Justin Sun ผู้ก่อตั้ง Tron และ Chandler Guo นักขุด ETH ที่มีชื่อเสียง Poloniex ซึ่งได้รับการสนับสนุนโดย Justin Sun เป็นตัวกลางการแลกเปลี่ยนตัวแรกที่แสดงรายการ ETHW และประกาศแผนการที่จะแสดงรายการโทเค็น ETH ที่อาจเกิดขึ้นในเร็ว ๆ นี้

### อะไรที่ทำให้ ETHPoW ไม่เหมือนใคร?

EthereumPoW ถูกตั้งค่าให้คัดลอกสถานะของ Ethereum บนฮาร์ดฟอร์ก PoW ในขณะที่เขียน ไม่ชัดเจนว่ามันจะหมายถึงการคัดลอกสถานะเชนอย่างเดียวหรือไม่ — ซึ่งแน่นอนว่ามันจะช่วยให้นักพัฒนา [DApp](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) และผู้ออก [เหรียญ stablecoin](https://coinmarketcap.com/alexandria/glossary/stablecoin) เลือกเครือข่าย Ethereum ที่พวกเขาสนับสนุน — หรือคัดลอกสถานะแอพได้ด้วย ซึ่งจะทำให้ DApps และสภาพคล่องเพิ่มขึ้นเป็นสองเท่า บน Ethereum เป็น EthereumPoW

ชุมชน Ethereum กลัวว่าการฟอร์กห่วงโซ่ทั้งหมด รวมถึง DApps และสภาพคล่องทั้งหมดบนนั้น จะเป็นการเปิดทางให้ [frontrunners และ MEV](https://coinmarketcap.com/alexandria/article/frontrunners-and-mev-explained-how-to-beat-the-bots) ใช้ประโยชน์จากมูลค่าเพียงเล็กน้อยที่เหลืออยู่ใน ETHPoW ในขณะที่เกิดการ Merge ในทางปฏิบัติ นี่จะหมายถึงการระบาย [แหล่งรวมสภาพคล่อง](https://coinmarketcap.com/alexandria/glossary/liquidity-pool) ทั้งหมดของ "สภาพคล่อง PoW" ที่ได้แยกจากกันอย่างสิ้นเชิงและมีการแลกเป็น ETHW ซึ่งคาดว่าจะรักษามูลค่าไว้ได้บางส่วนในตอนแรก ผู้ร่วมให้ข้อมูลเกี่ยวกับ Ethereum หลายคนเรียกร้องให้การเปิดตัว ETHPoW เป็นการแสวงประโยชน์และเป็นการฝึกหัดสำหรับการ "ทุ่มตลาดค้าปลีก"

คุณสามารถอ่านเพิ่มเติมเกี่ยวกับความแตกต่างระหว่างเชนทั้งสองเชนได้ใน [บทความ Ethereum PoS กับ Ethereum PoW](https://coinmarketcap.com/alexandria/article/ethereum-proof-of-work-pow-vs-ethereum-proof-of-stake-pos)

#### หน้าที่เกี่ยวข้อง:

ลองใช้ [Ethereum (ETH)](https://coinmarketcap.com/th/currencies/ethereum/) — บล็อกเชนที่ ETHW กำลังจะทำการฟอร์ก และสิ่วที่คาดว่าจะได้รับหลังจากการ Merge ที่รอคอยมานานในวันที่ 15 กันยายน 2022

ลองดู [Ethereum Classic (ETC)](https://coinmarketcap.com/th/currencies/ethereum-classic/) — บล็อกเชน Ethereum "ดั้งเดิม" ที่ดำเนินต่อไปได้ด้วยสถานะเริ่มต้นของเชนหลังจากการแฮ็ก 'The DAO' ในปี 2016

อ่านข้อมูล [เชิงลึกของเราเกี่ยวกับการสร้างโทเค็นและการปรับขนาด Ethereum](https://coinmarketcap.com/alexandria/article/tokenization-and-ethereum-scaling)

เรียนรู้เพิ่มเติมเกี่ยวกับ Ethereum Merge ใน [การเจาะลึกของเราใน Ethereum 2.0](https://coinmarketcap.com/alexandria/article/a-dive-into-ethereum-2-0)

### มีเหรียญ ETHPoW (ETHW) หมุนเวียนอยู่กี่เหรียญ?

ในตอนแรก ETHW ทำการฟอร์กบล็อกเชนของ Ethereum โดยการเริ่มต้นด้วย [อุปทานหมุนเวียน](https://coinmarketcap.com/alexandria/glossary/circulating-supply) แบบเดียวกับ Ethereum ที่ใช้งานแบบ proof-of-stake อย่างไรก็ตาม เนื่องจาก Ethereum หลังการ Merge จะมีอัตราเงินเฟ้อที่ต่ำกว่าเวอร์ชัน PoW ในปัจจุบันมาก ทั้งสองเชนจะแยกออกจากกันในการจัดหาเหรียญของพวกเขา หาก EthereumPoW ยังคงมีการขุดต่อไป อุปทานจะเพิ่มขึ้นในอัตราที่เร็วกว่า Ethereum บน PoS

### เครือข่าย ETHPoW มีความปลอดภัยอย่างไร?

ETHPoW จะใช้กลไก proof-of-work แบบเดียวกันที่เมนเน็ตของ Ethereum ใช้มาตั้งแต่เริ่มก่อตั้ง ทว่าในขณะที่เขียนยังไม่มีความชัดเจนว่า ETHPoW จะยังคงมีการขุดต่อไปหรือไม่ เนื่องจากข้อเท็จจริงที่ว่า [ดิฟฟิคัล บอมบ์](https://coinmarketcap.com/alexandria/article/ethereum-s-arrow-glacier-upgrade-to-delay-ice-age-s-difficulty-bomb-till-summer-2022)ตามกำหนดการได้รับการออกแบบมาเพื่อให้ไม่สามารถทำเหมืองบนสาย PoW ได้

### คุณสามารถซื้อ ETHPoW (ETHW) ได้จากที่ไหน?

ในขณะที่เขียน ETHW สามารถซื้อขายได้บน [Poloniex](https://coinmarketcap.com/th/exchanges/poloniex/), [Gate.io](https://coinmarketcap.com/th/exchanges/gate-io/), [MEXC](https://coinmarketcap.com/th/exchanges/mxc/), [Phhemex](https://coinmarketcap.com/th/exchanges/phemex/), [DigiFinex](https://coinmarketcap.com/th/exchanges/digifinex/) และ [CoinW](https://coinmarketcap.com/th/exchanges/coinw/)

รับข่าวสารล่าสุดเกี่ยวกับคริปโตและข้อมูลเชิงลึกด้านการซื้อขายด้วย [CoinMarketCap Alexandria](https://coinmarketcap.com/alexandria)

EthereumPoW

Ethereum Classic (ETC) is the original Ethereum (ETH) blockchain that launched in July 2015. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.

Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.

Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

Ethereum Classic

Ravencoin is a digital peer-to-peer (P2P) network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was announced on Oct. 31, 2017 and released binaries for mining on Jan. 3, 2018 with what is called a fair launch: no premine, ICO or masternodes. It was named in reference to a TV show Game of Thrones.

Ravencoin

Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST). It's now-renamed LUNC token collateralized UST, which crashed in a bank run in May 2022. That devalued LUNA to virtually zero and caused a launch of a new chain — resulting in Terra Classic and Terra. Read a full breakdown of the Terra crash here.

The development of Terra Classic launched in January 2018 and the blockchain launched in April 2019. It attempted to combine the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offer fast and affordable settlements through its UST stablecoin. Terra Classic offered stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund's Special Drawing Rights basket of currencies.

The new Terra blockchain continues the legacy of Terra Classic without the UST stablecoin. It will keep building with the help of the LUNA community dubbed “LUNAtics” and evolve the world-class UX and UI that brought Terra Classic up to second place in total value locked (TVL) at its peak. Many DApps have agreed to migrate to Terra to continue their functionality.

Terra

Conflux (CFX) is a public layer-1 blockchain that was made to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure by being more scalable, decentralized, and secure than existing protocols.

Conflux makes it easier to transfer valuable assets by making the process quick, effective, free of network congestion, and with low transaction costs. The platform is based on the Tree-Graph consensus mechanism, and it combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. The protocol uses Turing-complete smart contracts written in Solidity, just like those on  Ethereum, and is compatible with the EVM (Ethereum Virtual Machine).

Conflux's growth is fueled by CFX, the platform's native token, which gives users financial incentives to participate and engage more. The token is used to pay transaction fees, govern the network, and is given as compensation to miners who help secure the network via staking.

Conflux

Bitcoin Gold was founded in 2017 to become a user-friendly alternative to Bitcoin. The BTG network aims to combine the security and sturdiness of the Bitcoin blockchain and its characteristics with the opportunity for experimentation and development.

BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin but without using resources like Bitcoin hash power or vying for the "real Bitcoin" title. The company aims to present a coin with the implementation capabilities of Bitcoin, however, expanding on the opportunities for DeFi and DApp developers to use the coin.

Bitcoin Gold

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.

Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems.

The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.

In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. Fast forward to July, the startup raised another $200 million in a Series A round with participation from Dragonfly, Apollo Global, Franklin Templeton, Animoca, Jump Crypto and others.

Two months later, Binance Labs made a strategic investment of an undisclosed amount in Aptos.

On Oct. 18, 2022, Aptos announced the mainnet launch, while the Aptos genesis occurred on Oct. 12, 2022.

Aptos

ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.

ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders.

ApeCoin

FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019. On Nov. 11, 2022, FTX filed for Chapter 11 bankruptcy protection in the U.S., and is currently undergoing proceedings. Some of the information below may not reflect the current standings of the FTX exchange, please proceed with caution when interacting with the FTT token.

The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool and universal stablecoin settlement. FTX is a centralized crypto exchange launched by Sam Bankman-Fried in 2019, backed by significant trading companies in the industry, including Almeda Research, OTPP, Temasek, BlackRock, Coinbase Ventures and Sequoia Capital. As of 2022, the platform has over a million registered members, and the daily trading volume has reached billions of dollars.

In regards to clawback prevention, a significant amount of customer funds on other derivative exchanges have been claimed by socialized losses. FTX reduces this by using a three-tiered liquidation model.

On existing crypto futures exchanges, the collateral is fragmented across separate token wallets; this can be difficult for traders as it prevents positions from getting liquidated. On the other hand, FTX derivatives are stablecoin-settled and only require one universal margin wallet.

Another feature of the FTT are leveraged tokens, which allow traders to put leveraged positions without the need to trade on margin. If a trader wants to short Bitcoin with 3x leverage, they can simply buy a 3x short Bitcoin leveraged token on FTX. These tokens are ERC20-compatible and can be listed on any spot exchange. FTX currently offers XRP, BNB, TRX, BTC, ETH, EOS, USDT and LEO leveraged tokens.

A year after its founding, FTX Exchange introduced the exchange token called FTX Token or FTT. The FTT coin is an ERC-20 standard token that is actively used by ecosystem participants.

Initially, FTT was established as a reward for exchange transactions; however, over the years the list of functions has grown:

FTT is applicable in the creation of leveraged tokens on the FTX Exchange; users can receive VIP discounts in the form of FTT depending on the number of coins they own, and it’s possible to earn rewards for providing liquidity through futures positions.

In order to maintain its value, the exchange regularly buys back and burns its tokens, spending on the purchase of FTX: 33% of trading fees, 10% of the reserve fund, and 5% of other commissions.

FTT Token use cases:

1/3 of the commissions received from transactions on FTX are utilized to buy back FTT. Tokens redeemed in this way are burned;

FTT tokens are used to reduce trading fees and to secure futures positions;

Profits from massive market movements are distributed among the holders;

By purchasing a white label version of FTX’s OTC portal and futures market, institutions and investors pay expenses in FTT tokens;

By creating leveraged tokens, projects can pay listing fees with FTT;

Users can stake FTT to benefit from discounts, bonus votes, and blockchain fee waivers.

One benefit of FTX Token (FTT) is commission discounts. Members pay a low fee and obtain tighter spreads. Traders use FTT as collateral, and those who are active on FTX Exchange see percentage differences of up to 60%. Traders get insurance protection, which ensures a net profit in moments of market volatility, then makes it possible to continue trading even without a margin call.

In addition to the fact that FTT is useful for opening positions with leverage, FTT staking also offers perks: discounts, the opportunity to win NFTs, participation in airdrops, bonus votes and IEO tickets.

FTX Token

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

Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.

Optimism

Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ethereum, Binance and TRON blockchains.

Holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app.

Trust Wallet Token was initially launched as a BEP-2 asset on Binance Chain, but was relaunched as a BEP-20 token on Binance Smart Chain in October 2020.

Trust Wallet Token

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

Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible.

The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains.

ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations.

Ethereum Name Service

Ethereum-based DYDX ($ethDYDX) is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol built on Ethereum ("dYdX v3"). ethDYDX is currently undergoing a migration from Ethereum to the dYdX Chain. More information is available here. If you want to migrate ethDYDX to dYdX Chain DYDX, to enable staking, security and governance of the dYdX Chain you can follow the how-to-bridge guide here.

If you want to read about the new token utility for dYdX Chain DYDX you can read the blog here

ethDYDX (dYdX) is the governance token for the layer 2 protocol built on Ethereum. By enabling shared control of dYdX v3, ethDYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced dYdX v3.

Built on StarkWare’s StarkEx scalability engine, layer 2 is used for trading of cross-margined perpetuals on the platform. The scaling solution allows dYdX to increase transaction speed, eliminate gas costs, reduce trading fees and lower​​ minimum trade sizes on the protocol.

A total of 1,000,000,000 ethDYDX have been minted, and started to become accessible over five (5) years, on August 3rd, 2021, at 15:00:00 UTC.

dYdX (ethDYDX)

Flow

Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

Contrary to a common misunderstanding, the majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous; while they do not explicitly reveal the identities of their users, each user has their own public address or addresses which can be traced back to them via the methods of data science and blockchain forensics.

Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase.

Zcash

Toncoin (TON) is the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network (TON). The TON blockchain is open-sourced and supported by many network contributors, including the Switzerland-based non-profit organization, the TON Foundation.

Since 2017, the team at Telegram has been developing the codebase for the network, then-named Telegram Open Network (TON) and native cryptocurrency 'Gram.' However, in May 2020, Telegram founder and CEO Pavel Durov announced the end of Telegram's involvement with the TON Blockchain, following a court order by the SEC. The Gram token was not issued.

Since 2020, the technology has been developed by a non-commercial group of supporters and an independent community of enthusiasts, the TON Foundation. The blockchain was renamed from "Telegram Open Network" to "The Open Network" and Toncoin is the native cryptocurrency of the TON network. The whitepaper contains part of the original codebase written by Dr. Nikolai Durov, co-founder of Telegram and brother of Pavel Durov.

The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions. Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability. According to the project website, the platform provides fast, transparent and secure payment services, facilitating transactions with minimal fees and third-party applications.

The developers’ mission is to build a full-fledged ecosystem with decentralized storage, decentralized services, a domain name system (DNS equivalent), an anonymous network, an instant payment platform, and affordable/fast transaction processing.

Toncoin

Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks.

Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user's staked ETH and staking rewards.

Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities.

The platform’s native token is LDO - which also serves as the governance token for Lido DAO. Holders can participate in governance proposals and vote on key decisions such as board adjustments, new integrations and platform updates. LDO holders have the right to determine the development and operation of the platform.

Lido currently supports staking for Ethereum and Polygon only with the recent sunsetting of Solana.

Lido DAO

GMT is the native token of the FSL ecosystem, with a fixed supply of 6 billion tokens. GMT is well used in all FSL ecosystem products to be burned, used to unlock various functions and perks.

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: