TOKEN METRICS WATCHLIST

We scored many projects this week. Here are a few you should know about:

Big Time
Mellow Protocol
Centrifuge
Ozone
peaq

Please remember that some of these projects must still be subjected to our code review process. Still, we want to call them out here for preliminarily catching our eye based on our fundamental analysis process.

Bigtime- 70.04%

Sector – Gaming

Status – Active

Big Time is a multiplayer action RPG game known for its free-to-play feature that artfully combines fast-paced combat with a captivating journey through time and space. Players can explore ancient mysteries and futuristic civilizations, engaging in battles spanning various historical eras.

Players have the flexibility to choose between playing for free, amassing in-game items and tokens, creating their distinct collectibles, or simply enjoying quality time with friends. The game boasts limitless environments and an assortment of adventure instances, providing a wide range of gameplay options for endless entertainment and infinite possibilities in their gaming experience.

Bigtime Economy

Players craft cosmetics with varying rarity levels in the Bigtime gaming ecosystem, minted as NFTs for sale on the Openloot marketplace. This ecosystem is driven by four key components: Space, Hourglasses, Resources, and Cosmetics, all coined as NFTs.

Spaces are personal metaverses for crafting and upgrading in-game items like armories and forges. Hourglasses, used to generate $BIGTIME rewards, are NFTs obtainable from the Openloot marketplace or by crafting through workshops once a player owns a space. The rarity of Hourglasses affects reward generation, with unique ones having the highest potential.

Team

Big Time Studios has assembled a team of accomplished game industry veterans with extensive experience from Epic Games, Rockstar, Riot, Activision, Blizzard, and other leading organizations. Collectively, they have made significant contributions to some of the most beloved and iconic franchises in the history of gaming, encompassing titles such as Fortnite, Gears of War, Grand Theft Auto, Call of Duty, Overwatch, and many more.

Token

The backbone of Big Time’s economic ecosystem is the $BIGTIME Token. Notably, $BIGTIME is a fair launch cryptocurrency without any allocation to the team or investors. The primary method for acquiring $BIGTIME tokens is through in-game drops, ensuring fairness and accessibility to all players.

Supply – The maximum issuance of $BIGTIME Tokens is capped at 5,000,000,000, with a significant portion generated by actively engaging in the game while equipped with an Hourglass. Of this supply, 60% is reserved for player rewards, 20% for marketing, and the remaining 20% goes to ecosystem development.

Use case – $BIGTIME Tokens are pivotal in the Big Time ecosystem. These tokens are indispensable for various in-game activities, including Refining, Crafting, and Upgrading at the Forge and Armory. Moreover, they are instrumental in expediting crafting timers at the Forge or Armory, ensuring a smoother and more efficient gameplay experience.

Mellow Protocol- 68.75%

Sector – Yield Aggregator

TVL – 2.56M$

Status – Active

Mellow Protocol offers an intent-based infrastructure for on-chain liquidity management featuring trustless automatic DeFi strategies. Their ecosystem provides permissionless vaults, promoting capital efficiency and paving the way for an innovative approach to cross-protocol multi-token liquidity allocation. They deploy advanced mathematical models through smart contracts to offer a robust suite of tools tailored to serve the DeFi ecosystem. Our primary objective is to eradicate market inefficiencies and enhance the composability of the DeFi space.

Key Features:

Permissionless Accessibility: Mellow’s vaults are openly accessible to the public, allowing individuals to construct customized liquidity management strategies on the Mellow platform.
Composable Framework: Users who contribute capital receive Mellow Vault LP tokens compatible with other protocols, enabling their utilization in a broader ecosystem.
Cross-Protocol Integration: The Mellow Vaults system seamlessly integrates with various protocols, facilitating the development of cross-protocol strategies that can span different platforms.
Multi-Token Compatibility: The protocol is adept at handling multiple types of tokens concurrently within a single strategy, enhancing its versatility and utility in diverse scenarios.

Investors

How it works:

Users select a strategy that aligns with their specific requirements and allocate their assets into a vault to generate yield. Upon depositing their assets, users receive composable LP tokens in the form of ERC-20 tokens. These Vault contracts securely hold the assets and conduct periodic rebalancing, optimizing the allocation within various external DeFi protocols and across them.

The interactions between Strategy and Vault contracts are essential, as they define the parameters for rebalancing. Vaults allocate multiple ERC-20 tokens across different DeFi protocols, dynamically rebalancing the liquidity in line with the specified strategies within and across the protocols.

Strategies implemented as smart contracts play a vital role in facilitating effective liquidity allocation. These contracts employ predefined models to ensure the assets are optimally allocated. Various market events can trigger these strategies to initiate the necessary rebalancing actions, ensuring an efficient and well-managed portfolio is maintained.

Token

The details regarding the token will be revealed later.

Centrifuge-66.67%

Sector- Real-World Assets

TVL – $860K

Status – Active

Total Asset financed – $481M

Centrifuge is a foundational infrastructure that facilitates decentralized financial operations involving real-world assets on the blockchain, establishing a transparent marketplace where borrowers and lenders can engage directly, eliminating unnecessary intermediaries. Centrifuge’s mission entails bringing the entire structured credit market onto the blockchain, encompassing aspects such as securitization, tokenization, privacy, governance, and liquidity integrations. This endeavor is aimed at constructing a financial system that is more transparent, affordable, and limitless in its capacity.

Key Features:

Cost Efficiency: This decentralized infrastructure significantly lowers capital costs by reducing intermediary expenses in traditional off-chain securitization through open-source services.
Inclusive Governance: Our decentralized on-chain governance ensures equal access for all stakeholders, including issuer proposals, underwriting, and servicing.
DeFi Liquidity Integration: Access senior and super senior capital from leading DeFi stablecoin protocols, enhancing liquidity.
Portfolio Diversification: Stabilize value and protocol health by diversifying stablecoin and treasury collateral, correlating yield with real-world assets.
Comprehensive Protocol: The Centrifuge Protocol covers a wide range of asset classes, from mortgages to microlending, with seamless integration of tokenization, securitization, and transparent governance by token holders. It ensures end-to-end transparency, encompassing multi-tranching, NAV calculations, privacy-focused tokenization, securitization, and comprehensive reporting.

Onboarding & KYC – The protocol is fortified with legal mechanisms that provide a means of legal recourse, underpinned by rigorous regulatory and compliance standards. These standards include Know Your Customer (KYC) procedures, sanctions screenings, and checks to ascertain accredited investor status. In addition to these regulatory safeguards, the protocol undergoes meticulous technical audits to ensure its robustness and reliability.

Tokenomics

Centrifuge Chain relies on $CFG tokens for essential functions, such as transaction fee payment, staking, and on-chain governance through voting. This empowers $CFG holders to shape Centrifuge’s development and sustainability. $CFG tokens serve various roles within the Centrifuge ecosystem, covering transaction fees, governance, and supporting Real-World Asset financing.

Supply – The token supply of $CFG will increase in the short term as it is minted to pay for chain security and incentivize a distributed network of agents to perform critical network functions in the form of $CFG Network Rewards. A portion of the transaction fees will be burned at a rate set by on-chain governance. This burning mechanism will eventually balance the token’s total supply over time.

Where can you buy the Token?

You can buy $CFG from exchanges like OrangeX, BingX and KuCoin.

Ozone- 66.67%

Sector – Metaverse/AI

TVL – Not available

Status – Active

Ozone is a spatial computing cloud platform and a web-based immersive experience builder catering to B2B and B2C markets. It offers a high-caliber metaverse engine and world-building platform tailored for enterprises, accessible through standard web browsers without downloading. The platform seamlessly delivers out-of-the-box solutions for interoperability, scalability, and monetization, bridging the realms of web2 and web3. The Ozone platform is built on its new proprietary 3D graphics engine and cloud infrastructure, providing Blockchain and AI solutions.

Features

Ozone offers a comprehensive solution designed to seamlessly implement metaverse strategies by enterprises, digital media companies, brands, and government entities.
Ozone delivers interoperability, scalability, and monetization solutions across web2 and web3 environments.
Ozone’s clientele harnesses the power of this web-based platform to create and launch top-tier immersive environments, driving engagement and audience reach. With Ozone, users can construct, deploy, and expand captivating media experiences accessible on the web through various devices.
The Ozone Metaverse platform introduces a distinctive 3D technology that is inherently web3 compatible, exceptionally scalable and requires no downloads while ensuring full interoperability.

Team

Investors

peaq- 64.58%

Sector – Layer 1

TVL – Not available

Status – Active

peaq is a multi-chain Layer-1 blockchain optimized for Decentralized Physical Infrastructure Networks (DePIN). It serves as the foundation for real-world applications, enabling the integration of blockchain technology with physical infrastructure. peaq is built using Substrate and supports EVM (Ethereum Virtual Machine) and ink (Rust) Smart Contracts and Pallets.

Function

peaq provides a wide range of ready-to-use backend functionalities, offering essential core features for DePINs and dApps. These functionalities include self-sovereign Machine IDs (peaqIDs), role-based access control (peaq access), seamless machine payment processing, machine data storage, Machine NFTs, data indexing, and autonomous AI agents. These features simplify the development process and make it easier for developers to create applications for real-world use cases.

Machine NFTs represent unique, immutable, and verifiable digital representations of individual machines or pools of machines on the blockchain. These NFTs enable the distribution of ownership, revenue sharing, and crowdfunding, serving as physical assets’ financial and ownership layer.

peaq’s Multi-Chain Machine ID concept revolves around a unified address facilitating seamless cross-platform navigation. It leverages a storage pallet to map and store key relationships between distinct blockchain addresses.

Token

PEAQ Token: The primary token of the peaq mainnet, denoted by the symbol $PEAQ.

KREST Token: The designated token for peaq’s canary network, krest, identified by the symbol $KREST.

$PEAQ/$KREST tokens serve multiple critical functions within the network. They are used for transaction fees, underpinning every interaction within the peaq/krest ecosystems, thus ensuring consistent demand. Additionally, these tokens empower holders to engage in network governance, fostering decentralization and democratic decision-making. Earnings opportunities arise from active participation in collator and delegator activities and involvement in the Machine DeFi ecosystem. Furthermore, staking on machines establishes a reputation and trust system, enhancing trustworthiness and increasing token demand by rewarding quality service and penalizing underperformance. These utilities collectively promote engagement and participation within the network.