Additionally, new tokens and pre-sales are also booming in the current rally. This analysis will take a deep dive into the utility, performance metrics, and notable developments of these coin markets.
Today’s New Cryptocurrency Launches, Listings, and Presales
The PulseChain network is pioneering PulseLaunch as the cornerstone of the upcoming wave of blockchain innovation. Meanwhile, Fluidity announced that it will launch Fluidity Airdrop Season 3 on April 7. From now on, using $FLY for decentralized exchanges (DEXs), staking, and liquidity provision (LPing) will earn you Lootbottles rewards! In addition, Solana's meme token $SMOG has grown rapidly. It has more than 110,000 holders and has completed 7.5 million tasks on its platform.
In other news, Near Protocol co-founder Illia Polosukhin introduced Chain Signatures to enable multi-chain transactions from a single account.
1. PulseLaunch (LAUNCH)
PulseLaunch is powered by the powerful infrastructure of the PulseChain network, enabling high efficiency, minimal transaction fees, and scalability. By integrating with PulseChain, PulseLaunch redefines the space for project creators and users. As a pioneer project on the PulseChain network, PulseLaunch is the cornerstone of the next generation of blockchain projects. Its purpose is to push the next generation of blockchain projects into the spotlight.
One of the core principles of PulseLaunch is to distribute 10% of its net profit to $LAUNCH holders and liquidity providers. Holding PulseLaunch tokens will gain priority access to upcoming projects launched through PulsePoints. In addition, it also serves as a way to earn rewards. By staking $LAUNCH, holders accumulate PulsePoints, which can be used for future whitelisting. In addition, the distribution of PulsePoints corresponds to the amount of spending. This is to promote greater participation from those who actively participate. PulsePoints earned through $LAUNCH staking can be rewarded to loyal members who are committed to the community for early project access.
Additionally, the recently launched PulseLaunch airdrop program provides early $LAUNCH token adopters with the opportunity to earn rewards. Through this event, $LAUNCH token holders will receive DAO tokens at specific blockchain snapshot events. Eligibility for the airdrop applies to all $LAUNCH token holders, with a focus on holders who held tokens at the time of the snapshot. Additionally, DAO tokens will be distributed based on holdings recorded in the post-launch blockchain snapshot.
PulseLaunch Week in Review
Starting today, the PulseLaunch team will bring you weekly updates on what’s happening behind the scenes in development, marketing, and operations.
Here are some of the main highlights from last week:
– The development team is finalizing the specifications for…
– PulseLaunch (@Pulse_Launch)
April 5, 2024
The total supply of PulseLaunch tokens is limited to 100 million, designed to maintain scarcity and intrinsic value. The project prioritizes fair access, with no pre-sale or venture capitalist participation, with 70%'s tokens allocated for fair distribution. In addition, users can earn tokens by accessing interactive educational modules while enriching their understanding of blockchain and cryptocurrency concepts.
2. RawBlock (RWB)
RawBlock is an innovative layer-1 blockchain solution designed for scalability, resilience, and connectivity. It leverages the Ethereum Virtual Machine (EVM) to easily integrate with various decentralized applications (dApps) and Web3 platforms. The protocol prioritizes user accessibility, decentralization, and strong security while having excellent transaction processing capabilities. In addition, RawBlock advocates blockchain interoperability for efficient data and value exchange.
In addition to its technical strength, RawBlock is committed to community-driven, transparent and decentralized products and services. It draws inspiration from the spirit of Web 3.0 and blockchain innovation to adapt to a variety of applications and services. RawBlock's vision is to set the benchmark for industry standards while staying in line with the changing needs and standards of the community.
The core of the RawBlock ecosystem is its native token $RWB. This token is an essential part of the protocol's functionality. $RWB gives users the power to protect their assets and increase their value through staking. At the same time, it serves as a fuel fee within the RawBlock blockchain and speeds up transactions. Stakers will receive $RWB tokens and receive a higher annualized yield (APY). This also helps strengthen the resilience of the network while incentivizing active participation.
Additionally, RawBlock implements a profit-sharing mechanism to create fair rewards for all users. However, these rewards depend on their contribution to the company's profitability. By aligning the interests of stakeholders with the performance of the project, RawBlock provides an attractive opportunity for stakers and investors.
At the same time, RawBlock will work with AigentX to enhance the accessibility of important project insights to $RWB token holders. This collaboration aims to improve the experience of teams and token holders by streamlining information dissemination and interaction.
3. Fluidity (FLY)
The Fluidity (FLY) token introduces a novel governance token distribution method. It aims to promote diversification among real users and incentivize positive value creation within its ecosystem. Fluidity attempts to reduce the potential for token concentration in the hands of a few through its Transfer Reward Function mechanism.
One of the main challenges Fluidity addresses is the potential for early insiders to benefit due to the small amount of circulating supply in the Token Generation Event (TGE). This often leads to unsustainable price inflation and misaligned interests. To address this issue, Fluidity seeks a balance between rapid growth and decentralization. It proposes a custom model called Utility Mining. This approach rewards users for providing liquidity and actively participating in the protocol, emphasizing time-based locks.
Fluidity's Utility Mining concept combines traditional liquidity mining with a fairer distribution mechanism. By encouraging participation, Utility Mining ensures that users understand and contribute to the functionality and features of the ecosystem.
In addition, Fluidity's Utility Mining model generates organic liquidity within the ecosystem, promoting broader participation and asset utilization. By incentivizing value-added use cases and participation in various protocols, Fluidity closely aligns community interests with real ecosystem participation, creating a multiplier effect for the desired outcomes of governance token holders.
$FLY of over 53% of circulating supply has been staked by over 1,000 unique addresses! Keep surfing, our airdrop is ongoing and all stakers will receive multipliers on Lootbottles! Stake. Trade. Earn.
https://t.co/2SNwj33c6r
— Fluidity Labs – (,) (@fluiditylabs)
April 8, 2024
In addition, Fluidity uses a payment-based buyback and perpetual liquidity fund mechanism to contribute to the net benefit of the protocol. Fluidity introduces supply scarcity through expected outcome farming to reduce inflation. To do this, it uses part of the rewards to buy back and burn governance tokens. The remaining funds are used for perpetual liquidity to ensure the stability and resilience of the protocol.
Essentially, Fluidity’s governance token and distribution mechanism incentivizes active participation and ecosystem utility. The $FLY token also promotes diversification and sustainability, fostering a strong and inclusive decentralized financial environment.
4. Smog (SMOG)
The Smog community has achieved an impressive milestone, having completed an amazing 7.5 million tasks on Zealy. With rapid development underway, there is huge potential for growth. At the same time, Smog’s airdrop coincides with the overall market dynamics over the next two months. While meme tokens generally show high volatility, Smog stands out as a unique project.
$SMOG was listed on the Jupiter decentralized exchange (DEX) on February 7, 2024. It opened with the tagline “No meme token can withstand the flame of SMOG.” Smog differs from other typical meme tokens in that it prioritizes community participation and interaction through an ambitious airdrop program.
Investors will need a Solana-compatible wallet containing SOL, USDT, or BONK to participate in the excitement. They will then use that wallet to purchase $SMOG through the Jupiter DEX aggregator or Birdeye. Each $SMOG token is an entry ticket into the Dragon’s Court crypto community. These tokens are essential for holders to qualify for each airdrop. In addition to simply holding tokens, participants can also participate in various missions and choose to stake their $SMOG for 90 days to unlock additional rewards.
All cryptocurrencies have inherent risks, and meme tokens are some of the riskiest in the industry. This is largely due to the lack of clear fundamentals, with their value often tied to the popularity of the associated meme. Smog represents another interesting development in the Solana ecosystem as it continues to make progress in its competition with Ethereum.
Ethereum has long been the blockchain of choice for launching meme tokens. However, the recent success of Solana-based projects like WIF, BONK, and SLERF pose a serious challenge to Ethereum’s dominance. This shift shows the potential upside for meme tokens. Moreover, meme tokens like Smog could outpace any other new meme token currently on the market.
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