GM Digest #216 — BNB Pump | Mode L3 | Kelp's KEP | Machine Tokenization
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
BNB Pump
• $BNB pumped 7.7%+ today after the announcement of @Portalcoin $PORTAL as users acquire $BNB to stake in $PORTAL launch pool
• 5% of the total 16% circulating supply of $PORTAL is used to incentivize the launchpool farming (Craaazy high)
• On Feb 29, 10am UTC $PORTAL will officially launch on Binance. Portal is a cross-chain gaming platform with a mission to onboard more players to Web 3.0 (Extremely hyped)
Mode L3s
• @modenetwork Flare L3s, powered by @Optimism and Celestia, are now live, offering scalable appchains with low fees
• Flare L3s are ideal for standalone protocols like on-chain games and high-performance exchanges
• Key advantages include high throughput, growth support, EVM compatibility, low transaction costs, rapid deployment, and flexible tech stack
• Mode works with tech partners like Conduit, Pyth, Goldsky, and Blockscout to ensure quality infrastructure and support for Flare L3s
• Initial launch partners include @_dedprz, @LiqMarkets, and @0xMacawClub
Smilee Social Credit
• The @SmileeFinance Discord server is offering various roles based on engagement levels
• Roles like Certified Chad, Pasta Chef, This is my Quant, and Giga Smilooor are earned through participation and contributions
• Role NFTs are awarded to members who attain specific roles, which track their overall progress for future rewards
• Additionally, community events like live trading sessions, poker games, AMAs, and interviews reward participants with POAPs, and there is a Galxe campaign underway as well
• The team is hinting about a major announce in about a month
Dew Fragments
• @Dew_HQ, NFT aggregator on Polygon has launched the 'Trade to Dewlist' campaign, allowing users to earn Dew Points to collect fragments throughout the next month
• Users receive fragments through Dew Points or completing tasks on Sesame Labs. Fragments reveal every Monday
• Trading certain collections earns Points Boost, while bids on 'Points Boost collections' earn the most Dew Points
• Weekly top volume and referral leaders on Dew receive additional rewards, and users with 3+ fragments qualify for a DEWlist raffle
KelpDAO Introduces KEP
• @KelpDAO introduces $KEP (Kelp Earned Points) — a token representation of Kelp’s @eigenlayer Points
• $KEP allows its users holders to trade their Eigenlayer Points and to use the points to participate in DeFi. This makes the Eigenlayer Points more liquid and composable for users
• Users interested in participating can restake and mint rsETH to be eligible for the first claim
Forgotten Playland TGE
• @ForgotPlayland is a social playground in a rich environment full of activity and joyful nostalgia and they conducted their TGE yesterday for their $FP token
• The main utility of the $FP token is used as an in game currency where users can purchase cosmetics, tournament tickets, toy boxes etc.
• There will be 10b total $FP tokens with a 5.5% initial float with the remaining vested over 30 months
Machine Tokenization
• @peaqnetwork, L1 DePIN introduces the first Machine RWA Tokenization Platform
• RWA DePIN has been limited by hardware costs — There’s no way to build a DePIN which revolves around such large and expensive hardware
• Machine Tokenization — Imagine being able to fund, own, and earn from fleets of autonomous cars or robots, vertical robo-farms, ferry boats
• ELOOP successfully tokenized a fleet of Teslas for a car-sharing pilot project in Vienna. Community earns revenue as the Tesla cars are used. ELOOP is now building a Machine RWA tokenization platform on peaq to replicate this approach at scale
• Existing and prospective DePINs can leverage the Machine Tokenization platform to lower the barrier to hardware adoption for their users, enabling all kinds of new DePIN use cases on peaq
Misc News
• @chromatic_perp is live on Arbitrum Mainnet
• @spacebarxyz announces partnership with @Juice_Finance
• @ThrusterFi welcomes @insrtapp to Thruster Spaceport
• @CubhubNFT, Berachain native project announced NFT mint details
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*