TOKEN METRICS WATCHLIST
We scored many projects this week. Here are a few you should know about:
- Saga
- ChatGM
- Everdome
- Xociety
- SphereX
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.
Saga- 77% (Website – Twitter)
Saga is a protocol dedicated to the automated provisioning of application-specific blockchains. Their approach involves comprehensively reimagining the interactions between developers and end-users with blockchain technology. Through utilizing shared security measures, advancements in validator orchestration, and implementing an automated deployment pipeline, Saga simplifies launching a dedicated blockchain, known as a Chainlet, to a level comparable to deploying a smart contract. Their network is optimally positioned as a scalability layer for Web3 infrastructure, offering enhanced scalability and performance capabilities.
Why we like it
Saga is a comprehensive Web3 platform designed with developers in mind. It provides the tools and robust support required to transform ambitious Web3 concepts into reality. At its core, Saga is a protocol empowering developers to seamlessly migrate a single-tenant virtual machine (VM) onto a dedicated blockchain. This process includes the provision of fully equipped validators and an efficiently incentivized security framework. Users benefit from standardized blockspace on individual chains without concerns of interference from other applications that might impact gas fees.
With Saga, securing dedicated blockspace becomes as straightforward as deploying a smart contract. Saga enhances user experiences by facilitating swift and frictionless asset transfers across ecosystems through automatic interoperability and asynchronous composability. Developers benefit from their exclusive dedicated chains, granting them unmatched flexibility and customization within their environments. Their commitment to infinite horizontal scalability ensures that performance issues arising from blockspace limitations are a thing of the past.
Investors
No investors found for Saga.
The Team
The Saga team boasts a robust composition of professionals with formidable backgrounds in cryptocurrency and startups. Their team’s collective experience forms a strong foundation upon which they build innovative solutions and contribute to the dynamic landscape of Web 3 technology.
Token Utility
SAGA tokens are the native tokens of Saga. They will be used for payment, accessibility, rewards, and other purposes on the platform.
Where can you buy the token
The token is not available to trade.
ChatGM- 68.75%(Website – Twitter)
ChatGM represents a state-of-the-art communication platform, serving as an End-to-End Encrypted and Fully Anonymous Messenger tailored for the Web3 environment. Their innovative solution seamlessly merges the security of end-to-end encryption with the versatility of the Matrix protocol. In addition, ChatGM incorporates a cryptocurrency wallet, enabling users across the globe to effortlessly conduct international transactions directly from their chat interactions.
Why we like it
ChatGM is an advanced platform that seamlessly incorporates end-to-end encrypted chat functionality with the Matrix protocol. Augmented by a versatile crypto wallet, ChatGM allows users across the globe to conduct international payments directly within their chat exchanges effortlessly. ChatGM offers the convenience of anonymous registration through a crypto wallet, enabling users to connect and communicate securely. Alternatively, users can opt for registration via email or phone number, according to their preferences. This multifaceted platform empowers users to chat in real time, conduct swift crypto transactions, and facilitate trading activities. Notably, ChatGM amalgamates the strengths of the Ethereum Virtual Machine (EVM) and Bitcoin Lightning technology to ensure the security of transactions.
It boasts robust security features, including encryption, two-factor authentication (2FA), hardware wallet integration, and effective key management. Privacy, smart contract security, regular updates, and user education are integral to the platform’s priorities, reinforcing its commitment to safeguarding user interests and enhancing their crypto experience. The in-app AI assistant, @gm.AI, provides personalized insights and fraud protection for crypto assets. Additionally, @gm.AI offers real-time insights and portfolio analysis to aid informed decision-making.
Investors
The Team
The team is anonymous.
Token Utility
The details of the token will be revealed later.
Where can you buy the token
The token has yet to launch.
Everdome- 66.67% (Website – Twitter)
Everdome is building the essential elements, structure, ecosystem, and immersive encounters necessary for a one-of-a-kind hyper-realistic metaverse community. Situated at the intersection of a game and an experiential environment, Everdome is poised to become a metaverse hub for a diverse community comprising individuals, brands, and businesses. Within this metaverse, they can delve into spaceflight experiences and engage in the exciting prospects of constructing a digital civilization on our Martian outpost, all supporting the broader goal of advancing humanity’s presence beyond Earth.
Why we like it
Everdome envisions a decentralized metaverse seamlessly connected into a network without central intermediaries. It uses a cutting-edge technology platform designed for entertainment, offering high-production value and futuristic experiences. You can acquire and own land within Everdome City either as an investment or as a canvas for collaborative metaverse projects, enabling the creation of unique spaces for engaging with audiences. Everdome’s developers and metaverse storytellers work with landowners to conceive, craft, and launch personalized metaverse experiences that maximize audience engagement. Everdome offers a range of tailored and ready-made solutions to facilitate in-world marketplaces, expanding your reach and consumer base while enabling the introduction of entirely new digital products and services.
Their metaverse opens new avenues for digital advertising and subtle product integration, allowing brands and businesses to expand their digital presence and Web3 footprint in an entirely distinct environment. Everdome offers a unique venue for hosting genuinely memorable events, exhibitions, and retrospectives within the metaverse, catering to a fresh and unique audience.
Investors
Everdome has received a $60M investment commitment from GEM Digital Limited (“GEM”), a Bahamas-based digital asset investment firm.
The Team
Jeremy Lopez is the CEO of Everdome, and he leads a team of experienced professionals. Their exceptional dedication to the project is reflected in the high quality of their work.
Token Utility
$DOME serves as the designated currency within Everdome City. It has various applications within the Everdome ecosystem, including the purchase or rent of Everdome city land plots and in-world items. Additionally, it can be used for staking in exchange for APY rewards.
Where can you buy the token
$DOME tokens can be brought from centralized exchanges like OKX, BitMart, BingX, etc.
Xociety- 64.58% (Website – Twitter)
XOCIETY represents a metaverse uniquely centered around shooter mechanics, evolving into what can be best described as a “Gaming Metaverse” that embraces the science fantasy genre. It seamlessly melds the gameplay mechanics of Third Person Shooters and MMORPGs to create a distinctive and immersive virtual world. XOCIETY extends its scope to encompass facets such as land and resource ownership, featuring a robust framework of tokenomics and the creator economy.
Why we like it
In XOCIETY, players engage in purposeful activities that contribute to the growth and development of the ecosystem, ultimately enabling them to acquire valuable assets. This interactive model fosters a dynamic environment where gamers invest in engaging content. Alongside this, XOCIETY adopts traditional revenue-generation models, creating a sustainable economic framework for the metaverse. XOCIETY is pioneering the concept of “Co-Work” to involve various Web 3.0 entities in the development process right from its early stages.
This initiative is already underway, with the inaugural event involving the community in naming an NPC character and recommending her gear within XOCIETY’s vibrant communities. XOCIETY’s vision is to empower developers and creators across diverse fields, providing them with comprehensive support in artistic expertise and technical assistance. Furthermore, XOCIETY is actively working towards achieving two-way interoperability of NFTs, underscoring its commitment to advancing the capabilities and opportunities within the NFT ecosystem.
Investors
No investors found for Xociety.
The Team
The Xociety team is anonymous. However, according to their information, many team members have a rich background in Web2 Gaming and have successfully launched numerous globally serviced games across multiple platforms. In addition to these skills, our team also includes Web3 specialists.
The team comprises approximately fifty individuals, enabling us to maintain a comprehensive development pipeline. This pipeline encompasses crucial aspects such as quality assessment, community management, and business development.
Token Utility
NTx is the native token of Xociety, providing exclusive access to events, limited mints, and more. Additionally, NTx holds voting power in Xociety. As the XOCIETY journey continues, NTx will play an increasingly vital role in the game’s future. Further details will be revealed later.
Where can you buy the token
The token is not available to trade.
SphereX- 60.42% (Website – Twitter)
SphereX-Protect is an exploit prevention solution designed specifically for smart contracts. This innovative technology offers automatic detection and reversal of malicious transactions, including zero-day attacks, before finalization. Legitimate transactions continue to be processed without disruption, even in the face of ongoing attacks.
Why we like it
SphereX is a pioneering Web3 security firm that adopts a proactive approach to bolstering blockchain security. Their unique process involves seamlessly integrating their security modules within smart contracts. These modules effectively thwart hackers from capitalizing on vulnerabilities in the code while ensuring uninterrupted contract operations, thus establishing a robust on-chain defense. Their innovative solution emphasizes actively preventing malicious activities while adhering to the principles of composability and anti-censorship in the decentralized ecosystem. Their on-chain runtime solution acts as a safeguard, preventing exploits and malicious activities during contract execution.
This approach empowers smart contract developers to channel their energies into innovation and value creation, confident that SphereX is steadfastly focused on delivering the security and trust they need. Moreover, their advanced behavioral analysis techniques detect and reverse zero-day attacks, providing additional protection against emerging threats. At SphereX, they are dedicated to fortifying the foundation of Web3, ensuring its integrity and security as it evolves into a safer and more resilient digital realm.
Investors
SphereX has secured $8.2 million in seed funding from investors, including Aleph, Pillar VC, Fabric Ventures, Mensch Capital Partners, and angel investors.
The Team
SphereX was established by its founders, Oren Fine and Eyal Meron, who are bolstered by a team of highly experienced professionals.
Token Utility
SphereX doesn’t have a token yet.
Where can you buy the token
SphereX doesn’t have a token yet.
