TOKEN METRICS WATCHLIST

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

RollBit
Parcl v2
OctaSpace
Espresso Systems
Dyor Exchange

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.

RollBit (Website – Twitter)

Rollbit is a leading cryptocurrency casino known for its generous rewards. The platform is dedicated to providing unique and enjoyable experiences for its users. The platform boasts an impressive assortment of games, encompassing slots, table games, game shows, and proprietary in-house creations. Distinguished by its diverse collection, Rollbit offers many engaging player rewards.

Why we like it

Rollbit is a comprehensive and engaging platform, offering an extensive selection of thousands of games from top-tier providers. The user-friendly website ensures seamless navigation through diverse categories like Slots, Game Shows, Live Casinos, and more. Notably, Rollbit introduces exclusive in-house games, promising a unique gaming experience. Beyond casino offerings, the platform extends into sports and esports betting, covering over 35 sports categories and tournaments. Integrating Sports Rollbot NFTs enhances the betting experience, with personalized traits influencing outcomes. The innovative Rollbot Bonanza game, crafted in collaboration with in-house NFTs, adds another layer of excitement with impressive multipliers. Regular races, daily bonuses tied to performance, and engaging lottery dynamics, including an NFT jackpot, offer ample avenues for users to win rewards. Rollbit provides a multifaceted platform where gaming and betting converge with innovative incentives.

Investors

TBA

The Team

TBA

Token Utility

RLB is the token of Rollbit. The purpose of the RLB coin is to provide utility for the Rollbit platform. RLB tokens can be used to enter the lottery, pay fees, and participate in activities. The maximum supply of RLB tokens is 5 billion and is deflationary.

Where can you buy the token

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

Parcl v2 (Website – Twitter)

Parcl v2 constitutes a decentralized platform for real estate trading, leveraging the capabilities of the Solana blockchain. The platform offers city indexes, which allow users to speculate on price movements in global real estate markets and experience liquid real estate exposure.

Why we like it

Parcl v2 has revamped its trading platform to offer users a more efficient investment experience. Users can confidently invest in diverse markets by incorporating leverage options and aligning positions with the current Parcl Price Feed valuations. New features include research tools, portfolio views, and user-centric upgrades. The Parcl v2 Protocol enables portfolio diversification for potential passive income, spreading risk across real estate indices. With no minimum investment requirement, high liquidity, and minimal transaction fees, users can trade neighborhoods akin to cryptocurrencies. The Parcl Price Feed provides accurate square foot/meter valuations at city or neighborhood levels, updated daily. Parcl amalgamates traditional real estate investment with blockchain, delivering data-driven solutions for modern investors.

Investors

Parcl has had two rounds of funding –

Seed round- Parcl raised $4.1M from Archetype, Dragonfly Capital, ParaFi, Shima Capital, Coinbase Ventures, Solana Ventures, Slow Ventures, and others.

Strategic round- New investors, including Fifth Wall, JAWS (the family office of Barry Sternlicht), IA Capital & Eberg Capital, Big Brain Holdings, and angel Santiago Santos, participated in a $7.5M strategic funding round. Existing investor partners, such as Archetype, Dragonfly Capital, Shima Capital, Solana Ventures, Not Boring Capital, and FJ Labs, also contributed to the round.

The Team

The team members bring diverse experience and expertise from Wall Street and prominent technology companies to Ph.D.-level research backgrounds. The team members have contributed to noteworthy organizations: Microsoft, Millennium, Pudgy Penguins, NetJets, Nomura, Data Robot, Billion Dollar Boy, Afito, Lazard, and Capital One.

Token Utility

TBA

Where can you buy the token

TBA

OctaSpace (Website – Twitter)

OctaSpace is a cloud-based platform that offers a comprehensive suite of services, including distributed computing, data storage, serving, and Virtual Private Network (VPN) capabilities.. OctaSpace empowers users to harness the collective potential of CPU and GPU resources dispersed across global nodes, facilitating the efficient execution of resource-intensive tasks. Users with spare hardware can become hosts and earn by renting out their CPU/GPU or traffic.

Why we like it

OctaSpace is a versatile cloud platform offering distributed computing, data storage, serving, and VPN services. Users can harness global CPU and GPU resources for diverse tasks like machine learning, AI, and rendering via Blender. Operating on a Layer 1 blockchain, OctaSpace combines Proof-of-Work and Proof-of-Authority mechanisms. Its cryptocurrency, OCTA, facilitates financial operations. A dedicated Layer 2 network enhances efficiency, while gateways ensure smooth interaction. Octa Nodes anchor the computing marketplace, equipped to handle demanding tasks with CPU, GPU, memory, and storage resources. Two node types, blockchain and service nodes, underpin the network. OctaSpace expands with VPN offerings, embracing various technologies and multiple devices. A pay-as-you-go model, upcoming browser extension, and mobile app enhance privacy and security.

Investors

TBA

The Team

TBA

Token Utility

OCTA is the primary payment instrument and the currency used to pay for the services provided by OctaSpace, as well as rewards to node owners and dividend payments for OCTA holders. The max supply of OCTA is 48 million.

Where can you buy the token

You can buy OCTA tokens from a centralized exchange.

Espresso Systems (Website – Twitter)

Espresso Systems is a decentralized sequencer and data availability system connecting layer-2 scaling solutions. The Espresso Sequencer constitutes a decentralized sequencing and data availability framework, establishing connections among diverse layer-two scalability methodologies. This framework facilitates the streamlined assimilation of rollup implementations with the Espresso Sequencer, employing an open and unrestricted procedure.

Why we like it

By employing the innovative HotShot consensus protocol and Verifiable Information Dispersal (VID) technique, the Espresso Sequencer establishes a secure, performant environment for on-chain activities. Its integrated infrastructure across rollups enables efficient cross-chain messaging. The HotShot protocol supports Ethereum-scale validator sets in layer two, with easy roll-up integration through a REST API. The Tiramisu Data Availability Layer, utilizing VID and a DA committee, ensures rapid data retrievability and integrity. The Espresso Sequencer’s advancement in scalability and interoperability hinges on community adoption. They aim to build the infrastructure and tools for safer, open, and performant on-chain experiences.

Investors

The Team

Espresso has a strong team of experienced engineers and researchers.

Token Utility

TBA

Where can you buy the token

TBA

Dyor Exchange(Website – Twitter)

The Dyor Decentralized Investment App is an investor-centric decentralized platform crafted to streamline navigating and engaging in the Web3 and DeFi landscape. Distinguished by its innovative Swipe-to-Invest interface, provision of authentic user-generated data, a dynamic assembly of investors and contributors, and a tokenomics framework engineered to empower the protocol’s growth through community-driven governance, the Dyor Decentralized Investment App is firmly committed to democratizing DeFi and Web3 accessibility for a broad audience.

Why we like it

The Dyor Decentralized Investment App offers an intuitive swipe interface, allowing users to navigate through project cards easily. Real-time price alerts, market insights, and user-generated research are consolidated for informed investment decisions. The app supports multichain investing through a single wallet, covering Ethereum, Binance Smart Chain, Polygon, Phantom, Avalanche, and more. Gasless swaps with zero fees enhance trading, while a fiat on-ramp simplifies cryptocurrency purchases. Users can engage socially, learning from experienced investors and contributing to discussions within the active Web3 community on Dyor App. Notably, the Dyor wallet operates non-custodial, ensuring users retain control of private keys and funds. This framework guarantees autonomy over assets without dependence on central authorities.

Investors, Partners & Integrations

The Team

TBA

Token Utility

The Dyor token is a dynamic ecosystem element, incentivizing positive investment practices and knowledge-sharing in the Web3 sphere. Users can acquire tokens through the “Dyor to Earn” initiative by engaging in challenges, milestones, and community participation. These tokens are freely accessible within the app.

With “Real Yield Staking,” listed Dyor tokens can be staked to earn a share of platform revenue, with over 30% of app revenue allocated for token holders.

The Dyor token empowers holders with governance rights, enabling participation in protocol development and ecosystem direction. Additionally, the token grants access to premium features like advanced analytics and reduced platform fees, enhancing its overall utility.

The Dyor token will be launched later.