GM Digest #345 — Ethos Credibility | NATIX TGE
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Ethos Credibility Score
• The @ethos_network Credibility Score is a system designed to measure trustworthiness for individuals in the web3 space, similar to a credit score
• It aggregates data from various sources, including on-chain activity, reviews, vouches (backed by Ethereum), slashes (penalties), and the credibility of the person who invited the user to Ethos
• The score is based on a scale from 0 to 2000+, where users fall into categories such as Untrusted, Questionable, Neutral, Reputable, and Exemplary
• Initially, the score is determined by the significance of the user's wallet and connected accounts, and the inviter's credibility. Over time, the score evolves through peer-to-peer mechanisms: reviews, which have a minor impact; vouches, which have a major positive impact and are backed by capital; and slashes, which have a significant negative impact and are currently under development
• Ethos plans to move the scoring calculation on-chain for transparency and governance, allowing for customized credibility scoring formulas for different use cases
Natix TGE Incoming
• @NATIXNetwork is launching $NATIX on July 2nd, Tuesday, 10 AM UTC on KuCoin, Gate.io, CoinList, MEXC
• NATIX Network is building an open geospatial Intelligence network using their proprietary AI and smartphone cameras.
• NATIX’s flagship product “Drive&” uses driver assistant apps (e.g. dashcam and navigation), token incentives, computer vision AI, and smartphone cameras to crowdsource real-time data creating an open geospatial Intelligence network that rewards users for contributing.
• It’s practically a drive-to-earn DePIN projects that’s the 5th fastest growing according to **Messari’s state of DePIN report,** with over 100k registered drivers and over 35 million km covered in only 1 year
• Natix raised over $4.6m strategic funding round from DCG, Crypto.com, Velocity Capital (Hailstone), Big Brain Holdings, Cogitent Ventures, amongst many more top names
• Bear in mind, Natix did its Public Round with Coinlist, 5% of total supply at 100m FDV ($0.001 price). The vesting is 25% unlock at TGE with the rest vested over 6 months. There was also early backers round with 10% unlock at TGE (24.9% total supply) so the potential sell pressure from early participants will be 3.74% (1.25% from Public Round + 2.49%)
LayerEdge x Avail
• @layeredge and @AvailProject have partnered to enhance data finality on the Bitcoin network using LayerEdge’s Hybrid Modular Data Availability (HMDA) stack and Avail’s advanced data availability solutions
• This collaboration will enable storing data off-chain on Avail while posting validity proofs on Bitcoin, reducing the burden on Bitcoin's block size and ensuring scalable data throughput
• The partnership aims to bring down transaction finality time to less than 20 seconds, making Bitcoin suitable for real-time applications
Meteor Wallet x Allstake
• @MeteorWallet and @allstake_fi announced a partnership which means Allstake's meshed restaking protocol will be integrated within Meteor Wallet
• This collaboration allows Meteor Wallet users to connect their wallets to Allstake, enabling the restaking of $stNEAR and $LiNEAR tokens and earning additional restaking points alongside existing $NEAR staking rewards
• Additionally, Allstake and Meteor Wallet are hosting a GEM Drop event, offering 50 GEMs to participating Meteor Wallet users
Aerodrome Flight School
• @AerodromeFi announced their updates to the Flight School program providing $AERO lockers with an opportunity to receive 100% of the program’s rewards
• In this program, 10% of the initial supply was locked as veAERO. Each epoch, this veAERO votes, claims rewards, compounds into $AERO, and locks new veAERO. This new veAERO is distributed as rewards for those who contribute to the Flywheel
Misc News
• @gauntlet_xyz released LRT Risk Dashboard Here
• @DeltaPrimeDefi TGE incoming July 1st — 19:00 CET
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*