GM Digest #329 — Merkle TGE | Zapper
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Merkle TGE Details
• @Merkle_Trade TGE is scheduled for the last week of July. The team is finalizing details with audit firms Halborn and another auditor. The exact date and time will be announced once coordination is complete
• This timing was chosen based on market conditions and product milestones to support Merkle Trade's long-term sustainability
• The emissions for July will come from the Growth Fund allocation, continuing for up to two seasons to comply with the pre-TGE benefits schedule. Even with this allocation, the circulating supply at TGE will remain within the planned 14% range (8% for Community Incentives and 6% for the Growth Fund)
• Updated information on the token utility, blending DeFi and gamification elements, will be provided in the coming weeks
SAX Beta Launch
• The @sax_trade Beta App will launch on Monday, 17 Jun at 9AM EST. Eligible users will share 20,000 Blast Gold SAX won from the Big Bang Competition, distributed over nine days before the Blast TGE. Check your eligibility here:
https://whitelist.sax.trade/
• The distribution is based on deposits, volume, referrals, and SAX-related Twitter posts
• SAX is a CultureFi app that allows users to trade and profit from cultural trends based on Twitter data. It transforms Twitter activity into a new asset class called Social Trends
• The app functions as a decentralized exchange where users can trade tokenized Twitter keywords as ERC-20 tokens on a bonding curve adjusted for virality. It also serves as a launchpad, allowing users to mint new Twitter keywords into tokens and trade them
Introducing Zapper Protocol
• @zapper_fi introduces Zapper Protocol, an open protocol incentivizing the interpretation and contextualization of onchain information powered by $ZAP
• The first part of the protocol allows anyone to contribute and make blockchains readable. There will also be 2 types of interpreters at launch, position interpreters and event interpreters. Position Interpreters allow anyone to add missing positions or balances to Zapper and Event Interpreters translate complex onchain transactions into easy-to-understand, human-readable outputs
• The protocol will be powered by $ZAP to be launched in Q4 and will be served as an incentive to interpret onchain information
AO Tokenomics
• @aoTheComputer announced that their tokenomics for $AO in a video
• 33.3% of the supply will be airdropped to $AR holders and 66.6% will be airdropped to users who bridge into AO
• The first phase of bridging contracts are currently live and during this pre-bridge phase, tokens will remain securely on the native network while users earn $AO tokens. $AO tokens will be locked until around 15% of the supply has been minted which will occur on around February 8
Misc News
• @pendle_fi launches a @Dolomite_io market for $dUSDC
• @PrimordialAA reveals Layer Zero airdrop allocation will be 5%. Additional 3% though RFP
• @tapioca_dao LBP ends with $8.4M raised
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*