TOKEN METRICS WATCHLIST
We scored many projects this week. Here are a few you should know about:
- Dojima Network
- Robox.Fi
- Kresko
- Puffer Finance
Please keep in mind that some of these projects have not yet been subjected to our code review process, but we want to call them out here for preliminarily catching our eye based on our fundamental analysis process.
Dojima Network
Website – Documentation
Why we like it
Dojima Network is a cutting-edge omnichannel Layer 1 (L1) solution that connects multiple blockchains, enabling seamless cross-chain functionality. It provides a unique ecosystem for developers and users to deploy complex cross-chain applications quickly.
DojimaChain Layer serves as the meeting point for assets, NFTs, and DeFi dApps from all connected chains. It is powered by a decentralized network of Proof-of-Stake (PoS) validators and features an EVM Compatible VM.
Currently, many different blockchains operate, creating a segmented ecosystem. The future is cross-chain and Dogima is trying to bridge that. Dogma Network will enable the full potential of Web 3 by allowing the apps to communicate and transact with each other seamlessly.
Investors
The Team
The Dojima Network is led by Akhil Reddy and Bhagath Reddy, who have relevant experience in the field. They have a support of a strong team who have been working with them for a couple of years.
Token Utility
The Dojima token will be used for transactions, and new tokens will be added to the system as rewards to the miners engaging in the Proof-of-Stake validation process.
Where can you buy the token
TBA
Robox.Fi
Website – Documentation
Robox.Fi is an escrow-less NFT leveraged trading platform. It simplifies buying and selling high-value digital assets while reducing costs and increasing accessibility for all users, moreover, Robox.Fi‘s escrow-less nature means that users have complete control over their digital assets, and the platform’s smart contract technology ensures that trades are executed automatically and efficiently. This feature provides users with a hassle-free trading experience.
The unique thing about this platform is that it allows users to use leverage and maximise returns. It also provides the option of buy now, pay later. Users’ NFTs are frozen until the loan is repaid, ensuring safety.
Why we like it
The leverage feature of Robox.Fi gives opportunities to traders low on funds. It brings more liquidity in the NFT world and users can earn more. This way it removes the barriers for small traders. To enjoy the full benefits of the NFT, the loan must be repaid. The platform is built on Solana, which makes it faster, cheaper and scalable. On Robox.Fi users can also provide liquidity in our generalized pool, stake SOL and earn APY generated from the platform fees.
Investors
They plan to raise $1M at a $7M valuation.
Team
Token Utility
The platform will airdrop its token $RBX to its active users and will be based on their off-chain activities. The utility of the token would be staking, trading fees and governance.
Where can you buy the token
TBA
Kresko
Website – Documentation
Kresko is a synthetic non-custodial, capital-efficient asset protocol on Ethereum that lets users create and manage collateralized synthetic assets through smart contracts. It aims to make wealth accessible to everyone through synthetic stocks, commodities, and crypto assets. People can buy a fraction of a synthetic asset. – They want people around the globe to access the access to U.S. and international stocks, ETFs, and commodities.
Why we like it
The market(financial instruments) and the growing adoption of the DeFi market put Kresko in a strong position. There are many problems faced by investors trying to invest internationally. High fees, regulatory guidelines and capital controls to name a few. Kresko plans to eliminate all of this and makes the process seamless.
Another unique thing about Kresko is allowing users fractional buying. Ex- If Telsa trades at $1000 and you only wish to invest $100, Kresko gives you the liberty to do that.
The platform is censorship resistant.
Investors
They have raised a $2.35M funding round from Electric Capital and Polychain as their seed round at a $20M FDV.
Team
Token Utility
TBA
Where can you buy the token
TBA
Puffer Finance
Website – Documentation
Puffer is a permissionless liquid staking protocol that aims to democratize Ethereum’s Proof of Stake (PoS) system. The protocol is designed to allow for more decentralized participation by lowering the bond requirement to 2 ETH. Puffer’s secure staking mechanism employs Secure-Signer, a remote-signing tool that utilizes Trusted Execution Environments (TEEs) to prevent slashable offenses.
Why we like it
Puffer Finance is working hard towards thew theme of Decentralization. The shift to PoS Consensus model was making way for the centralization by the institutions. It wants to give back control to solo stakers with less funds and employ more people in the project, thus ensuring a secure and reliable platform for validators to operate on. It also has mechanisms like Secure-Signer, Secure-Router that provide additional layer of slash protection.
Investors
Team
TBA
Token Utility
TBA
Where can you buy the token
TBA
