Cardano RealFi Weekly Newsletter - Issue #52
Updates from World Mobile, Genius X, Axo and more...
anetaBTC Treasury Allocation Vote Approved
anetaBTC did a proposal to distribute a portion of the treasury to help with development for the team. Option 1 was the winner giving 280k AD, 55k ERG, and 700k MIN for 12 months of development. The fund will be replenished with 30 million cNETA and 30 million NETA.
AXO Token Generation Event
On 01-13-2023 42,000,000 AXO tokens were minted. The Axo Vault hasn’t opened yet but we should get details on KYC soon. By performing KYC you are eligible for your AXO token aidrop and for purchasing during the public sale (if you are not geo restricted). More info here.
Flac Finance Public Sale
The Flac Finance public sale is live. Flac Finance aims to be a regulated financial service for users in India. It is a custodial platform that will offer lending and borrowing for crypto assets. More info can be found on their website.
NMKR Stake Pool Offering
NMKR announced a Stake Pool Offering starting 01-20-2023.
Fixed Reward System - Each months rewards will be based on delegated ADA, the expected stake pool rewards in ADA of a 0% pool fee, divided by the average price of the Token in the previous month + a bonus of 15% to incentivize staking over purchasing NMKR Tokens with the ADA rewards.
Vesting - 3-month vesting period.
Gamification - 10K NFT collection Multiplier is based on amount of NFTs. Just keep them in your wallet to get rewarded. Early delegators (2022 delegators) will be rewarded with NFTs and everyone else can purchase them for 60 ADA.
Minimum Staking Period- To be eligible for rewards you must stake for at least 1-month.
Early Delegators - If you delegated in 2022 you will be rewarded with tokens. 3 months worth of initial distribution will go to 2022 delegators based on amount delegated and time delegated. Early Delegators will also receive 1 NFT.
Over Saturation Plans- If over saturated they may open extra pools to allow more participation.
That’s a lot to take in. Here is the original blog post.
Taptools pro is coming on 01-21-2022. Looking forward to trying it out.
WMT remains in the top spot but has come down 16.19% in the last 7 days. This could be due to the price of $ADA being up and many are cashing out.
LQ made an increase of 1.81%. Sell pressure may be cooling off as we approach the Liqwid Finance Launch.
MELD, MIN, INDY, VYFI, CLAY, SUNDAE and HOSKY were all red in the last 7 days.
One project that performed well this week was AGIX with a 170.99% increase in the last 7 days. AI has been at the forefront of everyone’s minds lately and they are hoping to capitalize on projects involved with it.
Pavia dropped out of the top 10 this week and is now in 11th.
NEWM Music Sale
Upcoming sale on NEWM. NEWM is a music platform allowing co-owning of songs which allows you to earn streaming royalties. Full details here.
Genius X Multi-Token ISPO Ending
The Multi-Token ISPO has come to an end. Genius Stakepools will be turned into regular stake pool to incentive delegators to stay. They will be doing another ISPO in the future but no details released yet.
If you are looking for a pool to move to consider staking with OTAKU pool.
World Mobile USA
World mobile has released their plans of bringing low-cost internet to under-connected area of the US. This is a huge step for World Mobile.
More info can be found at their new US website here.
Spectrum Finance IDO
Spectrum finance (open-source cross-chain DEX for Ergo & Cardno) will be offering SPF tokens on 01-16-2023 on Ergopad. More details here.
Teiki: Decentralized Crowdfunding
A new project that has popped up is Teiki. I’m still learning more but worth looking into their testnet.
Teiki is a decentralized crowdfunding protocol initially built on Cardano and IPFS. The protocol has high degrees of decentralization and low transaction fees. We utilize Cardano’s liquid staking to build a novel subscription model, where backers stake ADA at Teiki Smart Contracts to generate rewards for project creators.
They may drop by the Cardano RealFi space this Thursday.