TOKEN METRICS WATCHLIST
We scored many projects this week. Here are a few you should know about:
- ReadON
- Neurochain.AI
- Cascadia
- Arkham
- DeBank
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.
ReadON(Website – Twitter)
ReadON is an innovative decentralized Content Layer that amalgamates cutting-edge AI and blockchain technologies, establishing a transparent and trustless content AI engine that facilitates equitable data value distribution. ReadON’s primary objective is to select the most extensive decentralized content distribution engine, empowering users to discover high-quality content efficiently and transcending the confines of the information cocoon prevalent in traditional social media platforms.
Why we like it
Their approach involves carefully designing a pioneering incentive strategy, catering to content creators, curators, and consumers, and complementing a topic-bond NFT system. As a result, the viral impact of content sharing and a vast readership will naturally introduce an expanded user base to Web3 through the ReadON platform. To facilitate the integration of existing public Web2 content, ReadON will meticulously design and implement both on-chain and off-chain public contracts for content, ensuring seamless indexing, ranking, and distribution of content to all users. ReadON employs content contracts to create a cohesive distribution layer with a standardized format. These meticulously designed contracts encompass critical elements, including titles, subtitles, and format standards for article bodies, thereby ensuring adaptability to various content styles and seamless compatibility with different applications. Ownership constitutes a central pillar of ReadON’s core principles. To address this fundamental aspect, ReadON proposes the development of an innovative tool that empowers users to generate a distinct and exclusive string. This unique identifier will serve as irrefutable evidence of ownership, facilitating seamless verification processes with utmost ease and efficiency.
Investors
ReadON raised $2M in their seed round led by SevenX Ventures. Other investors include HashKey Capital, Foresight Ventures, Sky9 Capital, ArkStream Capital, Puzzle Ventures, CyberConnect, M23 Fund, Smrti Lab, and individual investors.
The Team
The founding team comprises engineers, product leaders from Web2 giants like ByteDance, Pinterest, and QuTouTiao, and machine learning experts from Carnegie Mellon University’s Natural Language Processing lab. They are also supported by growth hackers who aided StepN and Steemit in their success.
ReadOnToken Utility
READ Token Economy: The issuance of READ tokens is intricately linked to the user base’s extent and the liquidity necessary for advertising. Certain scenarios involving specific user groups or advertising endeavors may limit the token supply.
Governance Token: Subsequently, they will introduce governance tokens with a restricted allocation. These tokens will play a pivotal role in the governance framework of the platform.
Where can you buy the token
TBA
Neurochain.AI (Website – Twitter)
Neurochain.AI is a distinctive and innovative platform within the blockchain industry, meticulously crafted to facilitate the seamless creation and deployment of AI-powered decentralized applications (dApps). Functioning as a decentralized AI Computing Cloud integrated with web3 capabilities and native blockchain support, Neurochain.AI focuses on hosting advanced AI models, offering expert training, and ensuring access to superior-quality data vetted by a diverse and engaged community.
Why we like it
Their infrastructure is strategically engineered to expedite AI projects, fostering increased productivity and yielding exceptional results. Neurochain.AI aims to democratize AI through a decentralized protocol, eliminating biases by involving everyone in data validation and AI model development. Blockchain ensures fair compensation and transparency. Neurochain.AI is revolutionizing AI services and uniquely engages the community through gamification, enhancing data validation, and model training. Its B2B services offer seamless AI experiences, fostering efficiency and innovation. The platform is reshaping AI services with its dynamic, community-driven ecosystem and engaging gamified approach. For organizations aspiring to harness the full potential of AI, Neurochain.AI emerges as the ideal and comprehensive solution.
Investors
TBA
The Team
Neurochain.AI derives its strength from a skilled and diverse team of over 20 professionals, including computer scientists, data analysts, and marketing experts. At the organization’s helm is CEO Julius Serenas, a seasoned specialist in blockchain and cryptography.
Token Utility
$NCN is the token of Neurochain.AI. The total supply of $NCN tokens is capped at 3 billion tokens. It employs a gas fee-burning mechanism. A portion of the gas fees incurred during network transactions is removed from circulation permanently, reducing the token supply over time. The token is used for Gas Fees, AI Usage, and Community Involvement. Currently, there is no governance policy for the $NCN community.
Where can you buy the token
TBA
Cascadia(Website – Twitter)
Cascadia represents a pioneering neocybernetic blockchain platform with the primary objective of establishing an incentive infrastructure for distributed networks. Embracing the potential of cybernetics, Cascadia introduces a novel methodology for dynamic incentive design, fostering robust interconnections among participants within blockchain networks. Fundamentally, this platform constitutes a hybrid, layer-1 blockchain architecture constructed upon the powerful Tendermint framework, underpinning its Delegated Proof-of-Stake (DPoS) consensus algorithm.
Why we like it
Cascadia distinguishes itself by embracing a broader perspective beyond the consensus layer. It delves into emergent behaviors and incentive alignment within complex adaptive systems, enabling a comprehensive understanding of network dynamics. This unique approach opens doors to more efficient solutions for Web3 challenges. Notably, Cascadia is EVM-compatible, facilitating seamless migration of decentralized applications for developers. Additionally, it introduces a cross-chain DEX, a cross-chain bonding program, and native lending and liquidity provision services, expanding its offerings. Cascadia’s incentive marketplace empowers individuals to serve as marketing agents for projects using dynamic smart contracts, encouraging high-quality interactions on social media platforms. Furthermore, its groundbreaking capability to generate precise and anonymous credit scores for individual wallets revolutionizes DeFi lending practices.
Investors
TBA
The Team
TBA
Token Utility
CC is the native gas token that is used by the platform. The other token is bCC. bCC is a specific ERC-20 token that confers voting rights. It is non-transferable and can only be obtained through the locking of CC.
Where can you buy the token
TBA
Arkham (Website – Twitter)
Arkham represents an innovative blockchain analysis platform that leverages artificial intelligence (AI) to achieve the de-anonymization of blockchain and on-chain data. By adeptly processing raw blockchain transaction details, Arkham offers a comprehensive and lucid perspective on the various entities engaged in cryptocurrency utilization. These entities encompass renowned exchanges such as Coinbase and OKX, esteemed trading firms like Wintermute and Jane Street, and notable individuals like Vitalik Buterin and Justin Sun.
Why we like it
Unlike conventional platforms that confine their focus to specific blockchains or limited data sources, Arkham adopts a comprehensive approach to blockchain coverage. It achieves this by diligently amassing and consolidating data from multiple chains, providing users with an extensive and holistic view of the crypto ecosystem. This all-encompassing perspective is made possible by using Arkham’s proprietary AI system, ULTRA, which empowers users to discern crucial insights and perform in-depth analyses. The Arkham Intel Exchange is a decentralized marketplace, enabling users to transact crypto intelligence using the native currency, ARKM. This distinctive feature facilitates the monetization of intelligence for individuals and organizations, who can offer bounties and conduct auctions on the platform. The exchange cultivates a vibrant community of on-chain investigators and ensures valuable intelligence availability for all market participants by facilitating connections between buyers and sellers.
Investors
Investors in Arkham are Tim Draper, Bedrock Capital, Wintermute Trading, GSR Markets, and the co-founders of Palantir and OpenAI.
The Team
The team demonstrates considerable expertise and has garnered positive traction for their work.
Token Utility
ARKM is the token of Arkham. The supply is capped at 1 Billion.
ARKM possesses three fundamental functions that underpin its role within the Arkham ecosystem:
- Acting as the designated currency for facilitating transactions within the Arkham Intel exchange and contributing to the intel-to-earn economy.
- Establishing an incentivization system through rewards and discounts designed to stimulate widespread adoption of the Arkham platform.
- Serving as the governance token for the Arkham Intel Exchange, thereby granting ARKM holders a participatory role in shaping the exchange’s operational framework and decision-making processes.
Where can you buy the token
You can purchase Arkham from various exchanges such as Binance, Uniswap V3, Bitget, and more.
DeBank(Website – Twitter)
DeBank represents a Web 3-native communication platform and dashboard to facilitate monitoring your DeFi portfolio. Its feature set encompasses robust data and analytics for decentralized lending protocols, stablecoins, margin trading platforms, and DEXes. The platform’s all-encompassing nature empowers users to track the value and performance of their cryptocurrency assets effectively.
Why we like it
DeBank is an innovative platform that offers seamless integration of wallets and exchanges, providing real-time updates on the value of your portfolio. DeBank also includes access to comprehensive transaction history and analytics to empower informed investment decisions. DeBank’s DeFi Portfolio Tracker is a powerful tool that efficiently manages all your digital assets. This user-friendly dashboard consolidates vital information, such as price fluctuations, rankings, ratings, and the latest updates, all sourced from real-time data across various blockchain mainnets. DeBank features a curated DeFi List, suggesting top projects for investment and participation. The Web 3.0 Social Ranking fosters community engagement among the top users in the DeBank architecture. For developers, the DeBank OpenAPI allows easy tracking and monitoring functionalities integration into their projects.
Investors
DeBank has raised $25 million($200M valuation) in a funding round that venture capital firm Sequoia China led. Other participating investors included payments company Circle, Coinbase Ventures, Crypto.com, Dragonfly Capital, Hash Global, crypto infrastructure company Ledger, and Youbi Capital.
The Team
The team comprises experienced professionals who demonstrate dedication to the project, as evidenced by their exceptional work.
Token Utility
There is speculation of an airdrop.
Where can you buy the token
TBA
