TOKEN METRICS WATCHLIST
We scored many projects this week. Here are a few you should know about:
- Atticc
- UniSat
- TENET
- Analog
- Smilee 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.
Atticc (Website – Documentation)
Atticc is a decentralized social media platform that is geared toward communities. They want to help create and grow communities. They serve the communities with all the needs to boost their engagement and adoption. Minting and trading NFTs, easy trading of NFTs, peer-to-peer trading, and AI moderators are some features they offer to their users. Atticc also aids creators in monetization.
Why we like it
Decentralization and NFTs have pushed the rise in communities, and many experts are bullish on them. This is where Atticc is making a move. They are establishing themselves as the go-to place for online communities and taking them to the next level. They let communities create and mint their NFTs and provide a private and secure messaging feature. In addition, the users are ensured complete privacy by giving them the power to control their identity and social relations… Atticc facilitates peer-to-peer trading, allowing creators to monetize their creations better and rank up more earnings directly. They also provide an AI chatbot that helps the users on the platform and makes the experience more enjoyable. Attic has received good traction, making for an engaging social media project in the crypto world.
Investors/Partners
The Team
TBA
Token Utility
The community will be the group with the largest allocation of $ATT tokens. More details about tokenomics will be revealed at a later stage.
Where can you buy the token
TBA
UniSat (Website – Documentation)
UniSat is an open-source Chrome extension/ wallet for storing Ordinal NFTs and BRC-20 tokens without running a full node. It claims to be the first BRC-20 wallet. Apart from that, it also holds BRC-20 tokens, and it also lets you easily mint and transfers them. They also have a go-to market for BRC-20 tokens.
Why we like it
BRC-20 and Ordinal NFTs are the latest development in the Bitcoin protocol and have gained much attention. UniSat is contributing to the growing market by providing an open-source wallet so that users can easily enjoy the benefits of the latest innovations. Users can inscribe on-the-fly without running a full node. They provide a seamless experience in minting, transferring, and storing BRC-20 tokens and also provide a decentralized marketplace for purchasing and selling BRC-20 tokens. Users can also track their unconfirmed NFTs. UniSat aims to be a simplified and trustless platform. Your private keys are kept on the client side, just like in MetaMask. UniSat has developed good early traction and a solid customer base. UniSat has an early mover advantage in a trending market, making it a project to look out for.
Investors
TBA
The Team
TBA
Token Utility
TBA
Where can you buy the token
TBA
TENET (Website – Documentation)
Tenet is a blockchain project that aims to provide a Layer-1 EVM-compatible infrastructure built on the Cosmos SDK. Its primary goal is to enhance liquidity and yield opportunities for Liquid Staking Derivatives (LSDs). It uses a diversified Proof of Stake, which allows the participants to stake different assets(ETH, BNB, ATOM, SOL, and ADA) on their platform.
Why we like it
The Defi ecosystem is expanding day by day and users are looking the most to reap from staking their funds. Tenet ensures better returns by combining two sources of the yield- the network transaction fees and the staking yield. Their Diversified Proof of Stake is paving way for better adoption and eliminating any barrier to entry, limiting centralized control and providing tight security. It also provides capital efficiency for users and has attractive features like Stablecoin gas, Feeless Defi primitive, 0% interest loans, and cross-chain interoperability.
Investors
None
The Team
Token Utility
$TENET is the native token of TENET. It is used at the base layer of the blockchain to pay for transaction execution as gas token. It is also required to be used in the TENET blockchain. Tenet holders can taken part in the Tenet DAO that is responsible for governing the tenet protocol.
Where can you buy the token
TBA
Analog (Website – Documentation)
Analog — the world’s first omnichain network powered by Proof-of-Time. This network will enable event data to be used securely, where and when it’s needed, across chains and dApps. It is working towards decentralized inoperability. Analog wants to include all the secluded event data into the blockchain and make it available to all everyone in a decentralized manner which allows the participants to communicate seamlessly through validated event data.
Why we like it
There are many blockchains that are active today and operate in isolation. Analog is building a framework that connects all of them in a secured manner and easy manner. Apart from working towards inoperability, it also focuses on decentralization. Many bridges that offer cross chain transfers are centrally controlled, but Analog is sticking to the distributed network. Another problem that users face is accessing information from different apps, Analog has a marketplace that provides an easy to use interface to the people. Analog’s features combined with it’s huge target market, makes it a promising opportunity.
Investors
TBA
The Team
Token Utility
Where can you buy the token
TBA
Smilee Finance(Website – Documentation)
Smilee Finance is the first primitive to build Decentralized Volatility products(DVPs). DVPs are vault-based strategies that generate payoffs for the participants, depending on their long or short position on volatility. This way Liquidity Providers can also turn their impermanent loss into a gain.
Why we like it
The Decentralized Exchanges(Dexes) have billions of dollars staked in their platform. The biggest risk the Liquidity Providers face is imperfect loss. Smilee Finance has come up with a solution for their fund’s safety. It also allows the participant to earn more yield by letting them create decentralized products. Along with that, Smilee Finance also offers high leverage of 500x for its users. The derivates market is the biggest among traditional finance and we are positive it will follow the same trend in DeFi as well. Considering everything, Smilee Finance has positioned itself well to get a good share of the DeFi future.
Investors
Smilee Finance has raised $2M Seed Raise led by Dialectic with participation from Synergis Capital, Concave Ventures, Owl Ventures, Yunt Capital, Dewhales Capital, Outlier Ventures, New Order, Multisig Ventures, GTS Ventures, Hyperpyra, Strategic Angels including Marc Zeller, 0xSami, Barry Fried, Darren Camas, Slappjakke, and other anons.
The Team
TBA
Token Utility
TBA
Where can you buy the token
TBA
