TOKEN METRICS WATCHLIST

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

Replay
Astar Network
HMX
Moxy
ZKM

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.

Replay-75% (Website –Twitter)

Replay is the blockchain-driven video tracking and remuneration platform that drives the foundation of the Web3 content economy. This innovative solution operates in real-time to monitor video engagement, effectively mitigating complications related to content creator compensation. In doing so, it offers an unmatched level of clarity into audience interaction and overall content efficacy. Their mission is to create a fair & transparent video economy & equally create new opportunities for content creators, distributors, and their fans.

Why we like it

Replay aims to revolutionize the video production and distribution industry by enhancing trust, transparency, and efficiency. It simplifies content licensing and real-time compensation through its blockchain-based tracking. Think of Replay as a comprehensive tool for gauging content consumption and facilitating payments. The RPLAY tracking protocol drives Rewarded.tv, their flagship web3 streaming service. This platform offers rich content, including movies, TV shows, and live channels. By leveraging blockchain, Rewarded TV exemplifies how monitoring video consumption can open new revenue streams for content creators and distributors. Rewarded.tv is available on the web, iOS & tvOS, Android & AndroidTV, Roku, and Amazon Fire TV. Replay has been meticulously constructed as a decentralized application (dApp) on the Theta blockchain to establish an authentically decentralized streaming service. The token pool incentivizes user engagement and growth activities. Viewers are rewarded for content consumption, ad interaction, and platform engagement. Creator rewards are linked to content quality, encouraging higher engagement-driven content and direct financial gain. This strategic implementation effectively disperses control over multiple components inherent in conventional video streaming platforms. These encompass content delivery, storage, tokenomics, community engagement, and additional pertinent facets.

Investors

No Investors were found.

The Team

Token Utility

RPLAY represents a TNT-20 token intricately built upon the Theta Blockchain. A fixed supply constraint of 1 billion governs this token class.

RPLAY tokens hold diverse utility, enabling users to access premium content, unlock exclusive content through Future Collectibles, facilitate content verification as validators, amplify sponsored content visibility, and drive community interactions like content playlists and ratings.

Where can you buy the token

The token is not open to trade yet. But you can earn the token by engaging with the platform. Content owners earn RPLAY tokens based on content quality and engagement. Users can earn tokens by watching content, hosting parties, inviting friends, and sharing content.

Astar Network- 70.83% (Website – Twitter)

Astar Network is Japan’s most popular smart contract platform that supports Ethereum Virtual Machine (EVM) and WebAssembly (Wasm) environments, facilitating seamless interoperability through its innovative Cross-Virtual Machine feature. The platform introduces the groundbreaking Build2Earn initiative, designed to give developers a unique avenue for earning incentives by crafting decentralized applications (dApps) on its infrastructure.

Why we like it

Astar Network is driving a transformative shift by introducing the next generation of multichain smart contracts. Astar Network stands out with remarkable features driving innovation and adaptability. It achieves seamless compatibility through its Cross-Virtual Machine (XVM), catering to diverse developers and ensuring cross-platform synergy. Overcoming traditional limitations, the platform supports multichain smart contracts and sustains long-term viability. Backed by Polkadot’s security and XVM, its advanced framework fosters effortless interactions among decentralized applications (dApps), enriching user experience. Astar Network uniquely incentivizes high-quality dApp creation through its dApp Staking mechanism, while Proxy Accounts bolster security through varying permissions for delegate accounts. The platform’s consensus mechanism combines Proof of Stake (PoS) and Proof of Work (PoW) for high-performance operations, and the XCM Messaging Protocol pioneers blockchain communication for enhanced connectivity, particularly within Polkadot’s ecosystem. These attributes collectively position Astar Network as a pioneering hub for innovation, security, and seamless collaboration in the blockchain space.

Investors

The Team

Sota Watanabe is the CEO and founder of Astar Network. The team comprises experienced professionals, and their high-quality work speaks for itself.

Token Utility

ASTR is the native token of the platform. ASTR token has multiple roles –

Payment for transaction fees
Staking dApps
dApp staking rewards & collator rewards

However, Astar utilizes a dynamic inflationary tokenomics model, where tokens are issued each time a new block is produced, aided by burn mechanisms.

Where can you buy the token

ASTR tokens can be brought from centralized crypto exchanges like MEXC, Binance, and Bitget.

HMX- 68.75% (Website – Twitter)

HMX represents an advanced decentralized perpetual protocol, distinguished by cross-margin capabilities and comprehensive multi-asset collateral support on the Arbitrum network. As a next-generation decentralized perpetual exchange, HMX facilitates trading cryptocurrencies, foreign exchange, equities, and commodities, all backed by leverage of up to 1,000x on the Arbitrum Network.

Why we like it

HMX’s economic design prioritizes user advantage, featuring a notably high APR% for Liquidity Providers (LPs). This stems from allocating about 65% of platform revenue as USDC rewards and dedicating a substantial portion of esHMX emissions to LP incentives. Additionally, liquidity built on GMX’s GLP tokens lets depositors continually earn 100% ETH yields. HMX stands out with meager trading fees, such as 0.01% for FX and 0.04% for BTC and ETH, achieved through optimized GLP liquidity utilization. HMX offers a feature-rich environment for an enhanced trading experience. Its cross-margin collateral model boosts capital efficiency and portfolio management, while support for multi-asset collateral enhances strategy flexibility. Leveraging up to 1,000x empowers users, and streamlined one-click trading, adjustable on-chart orders, and advanced order types cater to user preferences. The protocol’s focus on security includes mechanisms for LP protection and a user-friendly interface accessible to DeFi veterans and newcomers alike. HMX’s decentralized nature ensures autonomy, omitting KYC and granting complete custody control for global trading access.

Investors

The Team

The team is anonymous.

Token Utility

$HMX is the Governance token of the HMX Protocol. It has a total fixed supply of 10,000,000 tokens.

The HMX token offers a range of current and planned utilities, including the opportunity to earn a 25% share of protocol revenue in stablecoins when staked, participation in esHMX token emission rewards, DP(Dragon Points) rewards at 100% APR upon betting, governance voting rights for shaping critical development decisions of the HMX exchange (exclusive to HMX holders), and forthcoming tiered trading fee discounts for staked HMX token holders. These utilities collectively enhance the token’s value and engagement within the ecosystem.

To protect $HMX holders, the rewards distributed to users will be $esHMX, the escrowed version of $HMX. $esHMX can be staked to earn a share of protocol revenue and possess the same utility as $HMX tokens. However, the only difference is that $esHMX must be vested before it can be sold in an open market.

Where can you buy the token

You can buy HMX from decentralized exchanges.

Moxy- 62.50% (Website – Twitter)

Positioned at the juncture of Web2 and Web3 gaming paradigms, Moxy is primed to redefine the contours of the gaming industry. Its distinctive capacity lies in facilitating the integration of genuine competitive experiences and tangible monetary rewards across all game titles and platforms. Their initiative, eSPORTS for all, stands unwavering in its commitment to inclusivity, leaving no room for exceptions. Their forum welcomes all gaming enthusiasts, allowing them to immerse themselves in eSports competition while relishing the exhilaration of securing tangible winnings. Their comprehensive scope extends from AAA titles to more casual gaming experiences across PC, console, and mobile platforms to furnish on-demand eSports engagement to diverse players.

Why we like it

Moxy eSports represents a gaming format that necessitates an entry fee from participating individuals. This entry fee is instrumental in establishing a collective rewards pool, which is subsequently disbursed to the triumphant participants upon the culmination of the gaming event. You can participate in your favorite games as usual, but now, with the added option to join Moxy eSports game modes at your convenience. Victors share the pooled prizes from all participants, intensifying competition and excitement. Moxy ushers in the era of on-demand eSports, irreversible and game-changing. Traditional modes will become a mere practice as Moxy empowers real gaming, backing it with MOXY investments. It’s the pioneering plug-and-play solution for on-demand eSports gameplay. Game developers can now tap into a massive market of 540 million eSports enthusiasts who lack the opportunity for eSports-style contests. Moxy meets this demand, allowing developers to integrate eSports seamlessly and offering various formats and rewards. They decide how eSports unfolds, and Moxy adapts to nearly any gameplay style.

Investors

Moxy has garnered backing from notable investors such as Shima Capital, Polygon, MetaTope, and GSR, resulting in a cumulative fundraising achievement exceeding $10 million.

The Team

The foundation of Moxy rests upon a highly accomplished team with a rich and extensive history within the gaming sector. Backed by a track record of demonstrated successes and a vast breadth of expertise, the Moxy team inherently possesses the capabilities and visionary perspective required to propel the platform’s overarching mission and effect transformative changes within the esports landscape.

Token Utility

As an owner of the $MOXY token, you can compete for substantial rewards within Moxy eSports-enabled gaming environments. Beyond its utility in participating in eSports game modes, the $MOXY token serves a dual purpose by facilitating game acquisitions, masterclass acquisitions, and the potential submission of your game for funding consideration (applicable for game developers).

When procuring $MOXY within Club, the tokens received are inherent to the FLOW blockchain, constituting the native form of $MOXY used in eSports engagements across all supported games. Conversely, $WMOXY denotes wrapped $MOXY tokens accessible through the Ethereum blockchain. This accommodation ensures the compatibility of $MOXY with platforms that do not operate on the FLOW blockchain. For purchases of $MOXY external to Moxy Club, $WMOXY typically constitutes the variant obtained.

Where can you buy the token

WMOXY tokens can be traded on centralized crypto exchanges and decentralized exchanges.

ZKM- 56.25% (Website – Twitter)

ZKM introduces itself as a Universal and General-Purpose Zero-Knowledge Proof (ZKP) System strategically aimed at elevating Ethereum into a comprehensive Global Settlement Layer status. Its mission is to construct a unified ZKP framework capable of harmonizing the diversified landscape of the Web3 realm, bridging the gaps between decentralized applications and platforms. Furthermore, it presents a Hybrid Rollup solution catering to all present Layer 2 solutions while offering the advantage of instant withdrawals complemented by ZK validity proof.

Why we like it

ZMK introduces zkMIPS, an advanced zero-knowledge proof solution tailored for MIPS architecture. This comprehensive security approach secures the CPU/MIPS beneath VMs, frameworks, and applications, allowing easy adoption of ZKP security without individual proofing efforts. Supporting all VMs and unifying zkEVM flavors, including MoveVM, WASM, and RustVM, zkMIPS offers seamless compatibility. With a “Plug and Play” model, zkMIPS executes ZKP at the CPU level, necessitating minimal developer effort and eliminating codebase modifications. Leveraging Ethereum’s decentralized security, zkMIPS validates transactions across blockchain and non-blockchain contexts. Enhancing Layer 2 (L2) Rollup, zkMIPS-powered Hybrid Rollup offers instant confirmation and user-friendly experiences. This advancement also extends to alternative Layer 1 solutions, IoT security, tamper-proof devices, and cloud computing showcasing its adaptability across domains.

Investors

No investors found for ZKM.

The Team

Kevin Liu serves as the Founder and CEO of ZKM, bringing with him a wealth of substantial experience. He is complimented by seasoned professionals, collectively contributing to the success and growth of the organization.