TOKEN METRICS WATCHLIST

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

Iron Fish
Gamma
Joystream
SmarDex
Tevaera

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.

Iron Fish – 62.50% (Website – Twitter)

Iron Fish is a privacy-first cryptocurrency anyone can use without compromising privacy or usability. It represents a decentralized blockchain initiative operating on a proof-of-work (PoW) basis, characterized by its resistance to censorship and transparent accessibility to the public. The core objective of Iron Fish is to establish robust privacy assurances for every transaction within its framework. The project distinguishes itself by incorporating encryption for each transaction, thereby ensuring the confidentiality of sensitive asset information from the public eye.

Why we like it

Iron Fish stands out with its multi-asset functionality, a feature enabling bridge providers to orchestrate private transactions involving diverse cryptocurrency assets within the Iron Fish ecosystem. This capability notably amplifies interoperability, fostering smooth and confidential cross-chain transactions. Including the Verified Assets feature within Iron Fish significantly elevates user confidence, as it confirms the legitimacy of assets, thereby cultivating a heightened level of trust in engagements within the ecosystem. Users of Iron Fish are granted a set of view keys that enable read-only access to their transaction records. Integrating read-only view keys adds an extra layer of control for users, allowing compliance while retaining ownership of their data.

Investors

The Team

Elena Nadolinski is the founder and CEO of Iron Fish, with a strong background in tech. The rest of the team is anonymous.

Token Utility

IRON is the token of Iron Fish. The maximum supply is 256,970,400 coins. People can use the token to transact without compromising on privacy or usability.

Where can you buy the token

You can buy Iron Fish from exchanges like KuCoin, BitMart, Gate.io, etc.

Gamma – 70.83% (Website – Twitter)

The Gamma Protocol represents a decentralized framework aimed at facilitating dynamic liquidity management and the implementation of market-making tactics. Engineered with a focus on non-custodial principles, automation, and proactive management, the Gamma Protocol serves as a solution for efficiently overseeing concentrated liquidity. By providing an array of strategies geared towards optimizing yield for individual Liquidity Providers (LPs), coupled with extending protocol liquidity and treasury management services to diverse Web3 initiatives and Decentralized Autonomous Organizations (DAOs), the Gamma Protocol stands poised as a comprehensive solution in the DeFi landscape.

Why we like it

Gamma Protocol’s offerings showcase its customized strategies for optimizing capital efficiency, minimizing emissions costs, and maintaining liquidity within desired price ranges. The critical thing in Gamma is its vault. Vaults are like smart contracts that securely manage liquidity pools. Gamma’s vaults provide LPs with the most optimized performance on various supported platforms and blockchains. Gamma does this by mitigating impermanent loss and accumulating fees using proper strategies. Gamma strategies are heavily automated, utilizing automatic triggers for seamless management practices such as compounding, rebalancing, and range adjustments. For data-driven decision-making, Gamma Protocol offers its analytics platform, providing valuable insights into the performance of users’ liquidity positions. By staking the GAMMA token, people can earn a share of the fees generated by all Gamma vaults. Their vaults are designed to help people who provide liquidity. They reduce potential losses and earn fees smartly, which you can see using our Analytics tool. Gamma also allows protocols to reward liquidity providers using various platforms. Beyond that, Gamma also helps manage liquidity and funds for different projects.

Investors

The Team

The team is anonymous.

Token Utility

The GAMMA token is a financial instrument that allows the owner to earn fees from Gamma’s vaults by staking their GAMMA instead of directly providing liquidity to a vault.

When users stake their GAMMA, they will receive xGAMMA, representing their share of the staking pool. The distributed GAMMA is purchased on the open market and is not inflationary.

Where can you buy the token

GAMMA can be brought from Kucoin, Uniswap V3, CoinEx, etc.

Joystream – 77.08% (Website – Twitter)

Joystream is an innovative streaming platform that leverages the power of blockchain and decentralized autonomous organization (DAO) to empower content creators, viewers, and service providers. It is community-owned and operated, allowing users to stream and share video content in a more private, secure, and rewarding way for creators. The open innovation platform is easy for anyone to join and be a part of. It brings people together and offers new ways for creators with dedicated fans to grow financially and in terms of their audience.

Why we like it

Joystream comes with essential features that set it apart. It’s decentralized, meaning no single entity controls it, making it more resistant to censorship and giving users more say over their data. Ensuring user privacy is a top priority for Joystream, which uses special encryption to keep videos private between the sender and receiver. Creators are also rewarded for sharing content through the $JOY token system. These tokens can be used to obtain NFTs, trade tokens, and cover fees. Joystream’s Atlas is an open-source codebase that is the foundation for building streaming apps. Apps developed from Atlas come equipped with full-feature sets, including NFT support, Creator Rewards, and Creator Token minting. Joystream maintains an on-chain index of all data stored in the system to ensure efficient data storage and distribution. Storage nodes handle user uploads and long-term data archiving, while bandwidth nodes deliver low-latency on-demand data to end-users. This decentralized approach ensures data redundancy and minimizes latency for a seamless streaming experience.

Investors

The Team

Bedeho Mender and Mokhtar Naamani are the founders of Joystream. The Joystream team comprises skilled engineers, designers, and marketing experts committed to creating an improved video platform for the future.

Token Utility

The supply of $JOY tokens is 1 billion, and there is no limit to the supply of $JOY tokens. However, the $JOY tokens are subject to burning. The supply of tokens can change depending on specific events that can increase (mint) or decrease (burn) the number of $JOY tokens in circulation.

The $JOY token governs and secures the network while providing payment for access to network services and block space.

Where can you buy the token

You can buy $JOY from the MEXC exchange.

SmarDex – 66.67% (Website – Twitter)

SmarDex stands as an Automated Market Maker (AMM) designed to tackle the challenge of Impermanent Loss (IL), occasionally converting it into Impermanent Gain (IG). This solution is an open-source Smart Contract, functioning as decentralized software that operates on compatible Ethereum Virtual Machine blockchains, including Ethereum, Binance Smart Chain, Avalanche, Polygon, and more.

Why we like it

SmarDex is the true next-generation DeFi platform providing reliable ROIs and delivering real value through its unmatched innovations. SmarDex emerges as an open-source smart contract that empowers individuals to trade decentralized tokens without central control. This exemplifies the concept of an automated market maker, representing a self-governing trading mechanism that incentivizes users to contribute liquidity to the market in return for a portion of fees or tokens. SmarDex functions as an Automated Market Maker (AMM) platform, presenting an inventive resolution to the prevailing challenge of Impermanent Loss (IL) encountered by liquidity providers within the DeFi domain. Distinct in its approach, SmarDex not only addresses IL but also, in specific scenarios, transforms it into an Impermanent Gain (IG). The platform is operational across Ethereum Virtual Machine blockchains, facilitating decentralized exchanges of ERC20 tokens. SmarDex leverages intelligent mechanisms to dynamically adjust reserve balances, optimizing the potential for advantageous swaps.

Investors

No investors have been disclosed.

The Team

The SmarDex team comprises skilled professionals with ample experience committed to innovation. They bring diverse skills to ensure a quality decentralized trading experience.

Token Utility

The Smardex protocol’s primary token is SDEX, which can be staked to earn passive income from farming rewards and protocol fees in the Staking section. SDEX has a total supply of 10 billion.

Where can you buy the token

You can buy SDEX tokens from decentralized exchanges and centralized crypto exchanges.

Tevaera – 66.67% (Website – Twitter)

Tevaera is an on-chain gaming ecosystem to revolutionize the gaming industry by enabling on-chain multiplayer games with their innovative infrastructure for gaming engines on EVM chains. They aim to empower the next 100 million gamers with a seamless and fair on-chain gaming experience.

Why we like it

Tevaera ecosystem has two main parts: Teva Games – exciting and fair adventure games in a natural world, and On-chain Gaming Infrastructure – Teva Core, Teva Chain, Teva Dex, and Teva Market. Teva Chain is a secure gaming platform built on zkSync for limitless growth. It operates on its Nodes and Validators, backed by the $TEVA token for safety. Teva Stack adds fairness with session keys and zero-knowledge proof for on-chain gaming. Teva Market is a community-driven NFT marketplace in the zkSync Era, connecting ONFTs(On-Chain Non-Fungible Tokens) with low fees through Layerzero. Teva DEX is a game exchange for “play-to-earn,” letting gamers earn while playing. Teva Core is a multiplayer game framework for various EVM chains, adaptable to different game styles. Teva Games offers “Fun & Fair” games for web and mobile, with modes like quick play and tournaments connected with NFTs. Teva Run, a multiplayer racing game, stands out in this lineup, showcasing Teva’s interconnected gaming world. Teva’s innovative on-chain gaming ecosystem is poised to transform the web3 gaming industry by unlocking the next era of on-chain games.

Investors

No investors have been disclosed.

The Team

Tevaera is powered by a skilled team with impressive experience, evident in their commendable work to date. Their diverse expertise fuels a culture of continuous improvement, setting a solid foundation for Tevaera’s growth and innovation. As the project advances, their proven track record positions them well to drive Tevaera’s success further.