TOKEN METRICS WATCHLIST

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

Playbux
BracketX
Hypesaints
NeonVm
Movement Labs

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.

Playbux (Website – Twitter)

Playbux is a metaverse platform that provides seamless connectivity to reality, blockchain, e-commerce, and other online platforms. It also integrates Commerce, DeFi, and NFT. Playbux claims to be the world’s largest Web3 entertainment platform, offering services like shopping, gaming, movies, music, and trading. With Playbux, any asset from any project can be represented on the metaverse, and you can design your character however you like.

Why we like it

Playbux is a Web3 entertainment platform that offers shopping, gaming, movies, music, trading, and many other services. The in-game character is based on a building block, and users can design the character using NFTs and use it in the metaverse. Users can interact with other users or can use the DeFi platforms. Users can buy merchandise in the real world and receive codes that can be redeemed for metaverse items or PBUX tokens in the metaverse using its Shop to Earn feature. Another innovative feature is Watch to Earn, which allows users to earn digital prizes by watching Playbux content. This feature combines cutting-edge web3 technology with the exceptional streaming expertise of iQIYI, creating an unparalleled streaming experience.

The Playbux gaming center provides thousands of regularly updated games, similar to those in retro arcades. The company plans to release its SDK program, allowing developers worldwide to create games using the Playbux environment and place them in the game center.

Investors

The Team

TBA

Token Utility

Playbux has a dual token model.

PBUX- The Playbux Token (PBUX) is the governance token used for voting and controlling the direction of the system. It can also be used to purchase NFTs or anything that can be exchanged between the blockchain and the game. The total supply will be limited to 400 million tokens.

BRICK- BRICK is the in-game token with a limited supply. It cannot be withdrawn and only be used for the game.

Where can you buy the token

TBA

BracketX (Website)

BracketX is a standalone application that offers leveraged structured products for non-custodial DeFi users. It simplifies leveraged strategies in DeFi by presenting easy-to-understand payoff multiples that can be purchased in just a few clicks. The users are provided with products that help them earn yield in any market condition.

Why we like it

The platform simplifies leveraged strategies in DeFi, allowing users to understand and purchase payoff multiples easily. One of its main products, called Bracket, enables buyers to profit when the spot price of an asset enters a claimable range within a specified term. Brackets provide fixed leveraged payoffs without margin accounts or other complex requirements. Buyers can take long or short positions, paying premiums for the contract. BracketX always ensures an opportunity to profit, catering to different market scenarios. They also establish a maximum claim value, preventing unbounded losses for funders.

The platform simplifies the purchase process, offering users a single transaction at a known multiple of the maximum claim value without needing margin account funding. BracketX aims to enhance the DeFi user experience and unlock new possibilities for investors and traders by combining innovative features, simplified processes, and risk mitigation measures.

Investors/ Partners

TBA

The Team

TBA

Token Utility

TBA

Where can you buy the token?

TBA

HypeSaints (Website – Twitter)

HypeSaints is the 1st Web3 on-chain gameboy ecological product, introducing gameboy NFTs and NFS (Non-Fungible Story) to enhance user experience, profit, and creativity. It aims to provide millions of users with a blockchain-powered immersive entertainment ecosystem.

Why do we like it?

HypeSaints offers unparalleled storytelling through NFT characters with unique stories penned by professional authors from Disney and Marvel. Users can anticipate immersive narratives and actively shape the ongoing story within the HypeSaints universe. The project digitizes the features of handheld game consoles, representing them as NFTs and cassettes as NFS, ensuring secure, transparent, and accessible circulation. Users can freely dispose of these digital assets, generating additional value through blockchain technology.

In the future HypeBlock app, AI assistance will help transform user imagination into reality, allowing community members to become creators and distribute their NFS to the market. Users can purchase, experience, sell, and rent on-chain Story Cassettes (NFS) embedded with interactive content and gameplay, earning tokens for their engagement.

Investors/ Partners

TBA

The Team

TBA

Token Utility

HAT (Hype Art Token) is the governance token with a total supply of 500 million. It enables holders to participate in the governance and decision-making processes within the HypeSaints ecosystem.

On the other hand, HBT (Hype Block Token) is a utility token with unlimited supply, serving various purposes within the ecosystem.

Where can you buy the token?

TBA

Neon EVM( Website, Twitter)

Neon is a unique project that combines the Ethereum Virtual Machine (EVM) with the scalability and liquidity advantages of the Solana blockchain. It enables developers to seamlessly deploy Ethereum decentralized applications (dApps)on Solana without extensive reconfiguration. Neon consists of components like the Neon EVM Program, Neon Proxy, and Neon DAO, providing a familiar Ethereum-like experience on Solana.

Why we like it

Neon EVM offers significant advantages over other EVMs on the Solana blockchain. It is fully compatible with the Ethereum Virtual Machine (EVM), enabling developers to utilize familiar tools and libraries. With a remarkable throughput of up to 50,000 transactions per second, Neon EVM surpasses the transaction capacity of Ethereum. Furthermore, Neon EVM boasts low transaction fees, ensuring cost-effectiveness and affordability for users engaging with decentralized applications (dApps).

Neon EVM’s primary objective is to combine Ethereum and Solana’s strengths to empower dApp developers. By providing a high-throughput and cost-efficient EVM on the Solana blockchain, Neon EVM facilitates the creation of scalable and accessible dApps capable of reaching a broader user base. Neon EVM exhibits full compatibility with the Ethereum Virtual Machine, meaning existing dApps built on Ethereum can be seamlessly ported to Solana without adjusting the underlying smart contracts.

Investors/ Partners

Neon EVM has raised $40 million in new funding in a private token sale. The round was led by Jump Capital, with additional investments from Solana Capital, Rockaway Blockchain Fund, Three Arrows Capital, Ethereal Ventures, IDEO CoLab Ventures, and others.

The Team

The project boasts a strong team comprising experienced individuals with diverse backgrounds and expertise. Their combined skills and knowledge create a solid foundation for the project’s success.

Token Utility

The NEON token is the utility and governance token within the Neon EVM ecosystem. It functions as a means of payment for user transactions and interactions with dApps on the platform. Additionally, NEON holders have governance rights and can participate in the Neon DAO for decentralized community governance. NEON tokens are used to pay fees to Neon operators, and holders can propose and vote on changes to the Neon protocol using their tokens.

Where can you buy the token?

TBA

Movement Labs (Website)

Movement Network is a modular framework for building and deploying Move-based blockchains, applications, and infrastructure in any distributed environment. It offers vertical composability and horizontal scalability, with interoperability with Avalanche and other ecosystems. The Movement liquidity hub facilitates omni-chain Move integration and rollups.

Why we like it

Movement Network is an exciting project due to its innovative features and potential in the blockchain space. The modular framework allows developers to create and deploy Move-based blockchains and applications in distributed environments. The integration with Avalanche and other ecosystems provides interoperability, expanding the possibilities for cross-chain communication and collaboration. This connectivity enhances the overall ecosystem and opens doors for new use cases and applications. MoveVM, the secure execution environment, stands out for its focus on minimizing vulnerabilities compared to other smart contract languages. This prioritizes the security of the platform and builds confidence in the ecosystem. The Movement liquidity hub is a foundation for omni-chain Move integration and rollups, facilitating seamless interoperability and enhancing liquidity options.

Investors/ Partners

TBA

The Team

TBA

Token Utility

The utility token of the Movement network, $MVMT, adds value to the ecosystem by enabling various use cases. Its utility extends to facilitating transactions, governance, and incentivizing participation within the network.