TOKEN METRICS WATCHLIST

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

Mangata
StackOS
EclipseFi
Namada
Kiraverse

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.

Mangata – 68.75%

Sector – Cross-chain Dex
Status – Testnet

Mangata represents an omnichain zero-knowledge roll-up designed to achieve L1-grade native liquidity, aiming to enable the trading of tokens across diverse ecosystems. Leveraging Eigenlayer and Starkware technology, Mangata introduces several groundbreaking features.

This innovative platform facilitates gas-free swaps, mitigates issues related to front-running and MEV (Miner Extractable Value), and enhances capital efficiency through its revolutionary proof-of-liquidity consensus mechanism.

The platform operates on a no-gas economy model, enabling gas-free swaps where transactions incur no gas fees. Users are only subject to a 0.3% exchange commission for their transactions.
Mangata effectively mitigates Front-Running and Miner Extractable Value (MEV) issue by using the Themis protocols. Unlike decentralized exchanges where such value theft by bots and nodes is prevalent, Mangata’s consensus mechanisms prevent these occurrences at the protocol level.
With the Proof-of-Liquidity mechanism, users on Mangata benefit from a dual-earning system. Instead of choosing between staking and liquidity provision, individuals stake LP (Liquidity Provider) tokens, allowing their capital to generate trading fees concurrently. This innovative approach enhances user engagement and capital efficiency within the platform.

Investors

Token

$MGX functions as the inherent token within the Mangata ecosystem and boasts a capped supply of 5 billion tokens.

Its primary utilities encompass several core functionalities:

Usage in Proof-of-Liquidity: $MGX is integral to the Proof-of-Liquidity mechanism within the ecosystem.
Algorithmic Buy & Burn: The token operates within an algorithmic buy & burn system, influencing supply dynamics.
Governance Responsibilities: $MGX holders play a pivotal role in governing various aspects, including managing the diversified Treasury, overseeing DEX-owned liquidity, facilitating Liquidity Incentives, and participating in Proof-of-Liquidity Whitelisting procedures. This governance structure empowers token holders to shape and sustain the ecosystem’s vitality and functionality actively

StackOS – 66.67%

Sector – Storage
Status – Active

StackOS operates as a cross-chain open protocol, enabling individuals and organizations to pool their computing resources. This collaboration creates a decentralized cloud infrastructure where global developers can deploy various applications, including full-stack applications, decentralized apps (DApps), blockchain private networks, and main net nodes.

The primary objective is to introduce “The Unstoppable Infrastructure Protocol,” empowering individuals worldwide to deploy applications without the burden of significant cloud management expenses. StackOS aims to facilitate the seamless running of diverse applications, allowing users to execute their desired applications effortlessly. Additionally, StackOS seeks to assist traditional businesses in transitioning online with cost-effectiveness and enhanced security, minimizing technical complexities.

Features

No-Code Interface: An intuitive user interface designed to support Docker images, facilitating seamless application deployment at the click of a button and eliminating the need for command-line interfaces (CLI) or intricate environment setup.
Open Protocol Flexibility: Embrace the versatility of an open-source protocol that empowers users to deploy a wide spectrum of applications, encompassing back-end, front-end, and blockchain nodes.
Decentralized Cloud Infrastructure: Access an enduringly trustworthy, secure, and anonymous deployment engine facilitated by a global network of cluster operators, ensuring a decentralized cloud environment.
Integrated CI/CD Capabilities: Avail yourself of a comprehensive Continuous Integration and Continuous Deployment (CI/CD) suite customizable to individual requirements.
Managed Infrastructure Services: StackOS inherently delivers a managed DevOps experience, alleviating the burden of managing compute infrastructure.
Interoperability Focus: Leveraging Binance Smart Chain (BSC) and MATIC chains, StackOS offers seamless deployment of various applications, promoting interoperability within the StackOS protocol.

Investors

EclipseFi – 60.42%

Sector – Launchpad
Status – Active

Eclipse Fi represents a pioneering modular launch and liquidity solution, introducing transformative advancements in token launches while fostering innovation within the Cosmos ecosystem. This innovative platform presents a holistic, modular approach, catering to diverse token and liquidity requirements. It empowers projects to take full control of their token launch process from inception, allowing customization of launch methods and workflows tailored to their unique distribution and liquidity necessities. Eclipse Fi enables projects to navigate their token launches flexibly and precisely, ensuring alignment with their specific goals and needs.

Features

Modular Launches: The platform introduces a versatile modular launch toolkit encompassing lockdrops, auctions, LBAs, and more. This toolkit empowers customizable multi-stage launches tailored to project requirements.
Account Abstraction: EclipseFi addresses prevailing challenges in blockchain user experience by collaborating closely with partners to craft an intuitive and user-friendly interface. Leveraging cross-chain account abstraction, the platform streamlines onboarding processes and facilitates seamless participation across multiple chains.
DeFi-first zk-KYC: Eclipse Fi pioneers fully decentralized Zero Knowledge (zk) KYC via a web3-centric zkMe integration. This innovation ensures verification and compliance without compromising user anonymity or privacy.
Dealflow & Project Support: Eclipse Fi leverages its top-tier network to consistently secure reliable, high-quality launches. This network is a cornerstone for robust support pipelines, linking builders without extensive connections and providing access to industry leaders critical for comprehensive go-to-market support.

Investors

Token

$ECLIP serves as the intrinsic token of the platform, offering diverse utility within its ecosystem.

Staking for Token Launch Participation: Stake $ECLIP tokens to engage in token launches across different tiers within the Cosmos network, gaining access to groundbreaking DeFi tokens and projects.

Staking for Rewards: Users participating in IDOs, marketing events, and similar activities can receive $ECLIP rewards, offering incentives for active involvement within the platform.

Staking for Voting Power: Acquire $ECLIP tokens to gain significant voting power, enabling active participation in strategic liquidity decisions within the decentralized autonomous organization (DAO). This allows stakeholders to influence critical decisions affecting the platform’s liquidity management.

Namda- 60.42%

Sector- Privacy
Status – Testnet

Namada introduces an exceptional level of privacy spanning diverse assets, decentralized applications, and entire blockchain networks. Operating as a sovereign proof-of-stake blockchain, Namada highly emphasizes privacy and interoperability. The platform utilizes the CometBFT consensus algorithm, a variant of Tendermint recognized for its swift finality and robust Byzantine fault tolerance.

A standout feature of Namada is its implementation of the multi-asset shielded pool (MASP), derived from the Sapling circuit. This feature empowers users to conduct confidential transfers of native and non-native assets, showcasing the platform’s commitment to facilitating private transactions across a broad spectrum of assets within its ecosystem.

Features

Unified Shielded Set – Namada introduces the Unified Shielded Set, resolving asset management fragmentation across various blockchains. This comprehensive feature within Namada’s architecture harmonizes diverse assets, facilitating seamless and confidential cross-chain interactions.
Private DeFi – The platform’s Shielded Actions establish a private layer for decentralized finance (DeFi) operations. Users can securely engage in private transactions even within transparent chains like Ethereum, Osmosis, and Celestia, ensuring privacy throughout their interactions.
IBC interoperability – Namada’s integration with the IBC protocol ensures interoperability across Cosmos blockchains. This integration allows users to execute efficient transactions seamlessly across interconnected blockchains within the Cosmos network without compromising privacy.
Ethereum Bridge – The Ethereum bridge offered by Namada serves as a robust link between Ethereum and Namada, enabling actions like minting, redeeming, and shielding ERC20 tokens. This bridge maintains user privacy through shielded transactions while establishing a strong ecosystem connection.

Token

The Namada protocol governs the Namada token, $NAM, utilizing it for various essential functions within the ecosystem. These functions include programmatically minting $NAM to facilitate payments for algorithmically measurable public goods such as proof-of-stake security and shielded pool usage. Additionally, $NAM serves the purpose of staking within the ecosystem, contributing to the network’s security and functionality.

Kiraverse- 60.42%

Sector – Gaming
Status – Beta Phase

Kiraverse is a free-to-play multiplayer gaming platform that allows users to engage in competitive gameplay while earning digital assets. Within various competitive game modes, players collaborate to earn tokens and collectibles, which they can freely trade or lease to fellow gamers. Additionally, users can participate in risk-based matches to earn cryptocurrency rewards. Moreover, Kiraverse introduces the Pixel-to-Poly service, enabling users to import custom characters into the platform for a more personalized and enjoyable gameplay experience.

Kiraverse provides a diverse selection of competitive game modes, including “Battle Royale,” “Elimination,” “Free-For-All,” “Point Control,” and “1-vs-1.” Players can unlock in-game achievements within these modes and acquire, purchase, or lease various assets such as characters, skins, weapons, etc. This feature-rich environment allows users to enhance their gameplay experience by customizing and owning items that complement their gaming style and preferences.

Kiraverse has forged robust partnerships with industry giants, including ImmutableX, Gamestop, Opensea, LootRush, etc. These collaborations bolster Kiraverse’s position within the gaming landscape, enabling access to cutting-edge technologies, wider market reach, and enhanced user opportunities. The alliances with these prominent entities reflect Kiraverse’s commitment to fostering innovation and providing users a dynamic and enriched gaming experience through strategic affiliations and synergistic relationships in the gaming industry.

Team

Kiraverse boasts a formidable team composed of professionals with diverse backgrounds in the gaming and technology sectors. The team comprises individuals with experience from reputable companies such as Activision Blizzard, Epic Games, Apple, Samsung, Google, and Atari. Their collective expertise spans a spectrum of disciplines within gaming and technology, showcasing a wealth of knowledge and skill sets that contribute to Kiraverse’s innovative approach.