TOKEN METRICS WATCHLIST
We scored many projects this week. Here are a few you should know about:
- Anboto
- Metatime
- Haven1
- Nerif Network
- unshETH
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.
Anboto (Website – Twitter)
Anboto is a platform exclusively for traders. They are building algorithmic execution tools integrated with CeFi and DeFi. Their Smart Order Execution offers the best price to users from across chains, networks, and applications.
Why we like it
The Defi market is expected to expand over the coming years. Anboto is on track to serve such a market. The unique thing about Anboto is that it also has CeFi under its hood. Anboto’s smart order execution helps the users minimize price impact and provide the best execution price. The platform also offers the option to use Time Weighted Average Price(TWAP) or Volume Weighted Average Price(VWAP) per their requirements. It also provides tools for users to analyze their trades and determine the costs and efficiency. Users can also multi-leg trades simultaneously to build positions, such as funding rate trades, basis trades, and cross-exchange arbitrage.
Investors
The Team
TBA
Token Utility
TBA
Where can you buy the token
TBA
Metatime (Website – Twitter)
Metatime is a complete blockchain working towards providing an all-in-one digital ecosystem. They offer various services like innovative digital products, infrastructure, and financial services. Their extensive network is making the best use of blockchain technology for better adoption of Web 3. It will add to the Their ultimate goal to take its place on the stage as one of the world’s largest technology companies in 10 years.
Why we like it
Metatime enables users to enjoy the benefits of the blockchain under one roof fully. Metatime uses its chain MetaChain for fast, secure, and scalable blockchain. It’s consensus mechanism, Proof of Meta, also ensures faster transaction check time. It also has all the other crypto features, like MetaNFT, MetaExplorer, MetaExchange, etc. Its plethora of services makes Metatime a unique project designed to fulfill all the users’ needs by providing a seamless experience.
Investors
Metatime has raised $11M in their seed round.
The Team
Token Utility
Metatime Coin(MTC) supply has been limited to 10 billion MTC. 4 billion MTCs reserved for strategic burning.
MetaAirdrop is now live. A total of 30 million MTCs has been distributed in March, April, and May 2023, with 10 million MTCs each month. As of June 2023, the MTC to be distributed monthly will be 3 million. This reward system will end on March 30, 2025.
Where can you buy the token
You can go to Metatime.com and create a new account. You can open an account with your email address, phone number, or MetaMask and Trust Wallet cryptocurrency wallets and start collecting your rewards.
Haven1 (Website – Twitter)
The Haven1 network is a purpose-built, EVM-compatible blockchain that provides a secure and regulated environment for financial transactions on-chain, eliminating critical barriers to entry into the Web3 ecosystem. The Haven1 network offers a reliable and efficient platform for users to transact confidently. Its EVM compatibility allows for seamless integration with Ethereum-based applications and smart contracts. Haven1’s mission is to build a financial ecosystem with it’s advanced security and network, making it ideal for the users.
Why we like it
The DeFI market is expanding day by day. But the rising of DeFi has brought its own set of problems of security and complexity. Haven1 aims to address these problems and provide a safe and private platform for users to transact. Haven1 uses Proof of Authority as it’s consensus algorithm that selects the validators based on their reputation, enhancing the network’s security. Haven1 is a complimentary chain designed to support the Ethereum network as a sidechain. Their long-term objective is to transition from a sidechain to a roll-up and use Ethereum as a settlement layer. Haven1’s safe and reliable features make it well-positioned to drive financial growth by Retail and Institutional clients.
Investors
TBA
The Team
The team behind Haven1 is the team behind the Yield app-a comprehensive, trusted digital wealth management platform. The Yield team comprises 70+ professionals with experience in finance, technology, marketing and business development.
Token Utility
Haven1 token will have the following utilities-
Governance – The Haven1 token holders will look after the administration and changes on the platform.
Participation – Haven1 token holders will be subjected to rewards generated by the platform.
Gas Fees – The Haven1 token will require users to conduct any transaction on the blockchain.
Where can you buy the token
TBA
Nerif Network (Website – Twitter)
Nerif Network is a first-in-class decentralized ecosystem that enables the automation of smart contracts across multiple chains based on customer-defined rules, requirements, and conditions. It’s flexible and easy cross-chain application enhances the accessibility of the blockchain network. Nerif Network is a fully decentralized protocol and allows any function execution via multiple triggers & conditions.
Why we like it
Nerif Network makes building dApps easier with their cross-chain, decentralized smart contracts automation solution. Their network provides an easy-to-use interface to create Web 3 applications. Nerif Network wants to help migrate Web 2 projects into Web 3. Nerif Network stands out from other protocols due to its cross-chain automation, which is enabled across multiple EVM and non-EVM chains and is fully decentralized. The network will even work if a third of the server is down. The network wants to automate blockchain applications to execute critical functions and event-driven tasks across the blockchain. The use case of Nerif Network is in multiple domains NFTs, DeFi, GameFi, etc., making it an exciting project.
Investors
TBA
The Team
Token Utility
NERIF token is the token of Nerif Network. The use case of the Nerif network is-
- Transaction fees.
- Staking and rewards.
- DAO governance
Where can you buy the token?
TBA
unshETH (Website – Twitter)
unshETH offers users on-chain staking yields and swaps for their Liquidity Staking derivates(LSDs). They want to ensure decentralization among validators by promoting competition. unshETH is also an Omnichain token on ETH Mainnet and BNB Chain that can be freely transferred across chains.
Why we like it
The launch of the Beacon chain on Ethereum was introduced to foster decentralization, but it went the other way by LSDs. The early LSDs are gaining significant control of the network. unshETH is working towards solving this problem and building a decentralization network. Users can mint unshETH by depositing a supported ETH liquid staking token (LST or LSD) and redeeming unshETH into the basket of underlying LSDs. unshETH currently supports the four largest LSDs: wstETH, cbETH, rETH, and sfrxETH, with plans to support more. unshETH is solving a serious problem in the crypto world and looks promising.
Investors
TBA
The Team
TBA
Token Utility
USH is the governance token and incentive layer for unshETH. It is used to grow unshETH TVL and liquidity and to foster competition among liquid staking protocols.
Where can you buy the token
TBA
