TOKEN METRICS WATCHLIST

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

SatoshiVM
Silencio
Atlas Navi
Hivello
BADMAD ROBOTS

Please remember that some of these projects must still be subjected to our code review process. Still, we want to call them out here for preliminarily catching our eye based on our fundamental analysis process.

Silencio – 68.75%

Sector – DePIN
Status – Active

Silencio is a complimentary application positioned to emerge as the world’s largest citizen science initiative to address noise pollution. The application empowers users to actively contribute to this cause by sharing their ambient sound levels measured in decibels (dBA) while earning rewards for participating. Silencio takes a unique approach by allowing users to monetize their shared data, thereby providing an opportunity for users to generate passive income while simultaneously enhancing the overall quality of life for themselves and the community.

The primary goal of Silencio is to aggregate hyperlocal and authentic data from its user base, creating a valuable resource that can be commercially utilized across diverse industries. Potential applications include real estate, gastronomy, hospitality, well-being, insurance, governmental and urban planning, and academic research institutions. With an ample dataset, Silencio aspires to make a substantial impact in the global fight against noise pollution, ultimately improving millions of lives worldwide. Employing an innovative tokenomics model, Silencio is dedicated to establishing a sustainable and interactive ecosystem, encouraging user participation in the collective effort to combat noise pollution.

Key components of the Silencio initiative encompass the user-friendly application, strategic partnerships with businesses and organizations, and a forward-looking vision for global expansion and comprehensive noise pollution management. Through the successful integration of these elements, Silencio aims to position itself as a prominent force in the battle against noise pollution, advocating for healthier and more sustainable urban living on a global scale.

Team

Token

A straightforward tokenomics structure is in place, where users are rewarded with one noise coin for each minute of decibel recording uploaded to the network. This serves as an initial phase, with plans underway to introduce a comprehensive tokenomics framework in the near future.

An upcoming feature of note is the introduction of an airdrop for early adopters. Upon the official launch of the tokenomics structure, users will receive a proportionate distribution of tokens based on the accumulated noise coins up to that point. This initiative is designed to offer substantial rewards to early participants, fostering increased engagement in the project. Until the full tokenomics structure is revealed, the current rules dictate that one noise coin is earned for every minute of uploaded decibel readings, with referrals garnering a 3% share of the total noise coins generated by the referred users through their decibel reading uploads.

SatoshiVM – 66.67%

Sector – Bitcoin L2
Status – Active

SatoshiVM represents a decentralized Layer 2 solution based on the Bitcoin ZK Rollup protocol, designed to seamlessly integrate with the Ethereum Virtual Machine (EVM) ecosystem. This innovative platform leverages native BTC as a gas mechanism. By serving as a bridge between the EVM ecosystem and Bitcoin, SatoshiVM facilitates the issuance of assets and the development of applications within the Bitcoin ecosystem.

Features

ZK EVM Integration: SatoshiVM is a versatile ZK Rollup solution that seamlessly incorporates the Ethereum Virtual Machine (EVM) for off-chain computations. This distinctive feature allows users to interact with SatoshiVM in a manner analogous to Ethereum, and developers can build applications on SatoshiVM with the same ease as they would on the Ethereum platform.
ZK Rollup Technology: Leveraging Rollup technology, SatoshiVM consolidates multiple transactions into a single batch and validates them on the Bitcoin main network as a unified transaction. This process ensures an equivalent level of security to the Bitcoin main network, providing robust data validity and availability.
ZK Fraud Proofs Utilization: SatoshiVM employs advanced technologies like Taproot and Bitcoin Script for on-chain contract verification. This verification is accomplished without altering the consensus rules of the Bitcoin network, ensuring the effective computation of fraud proofs.
Data Availability on Bitcoin Main Network: SatoshiVM releases transaction data on the Bitcoin main network to maintain transparency and enable verification. This approach allows anyone to independently verify the accuracy of computations executed off the Bitcoin main network.
BTC Native Gas Mechanism: SatoshiVM adopts native BTC as the gas for EVM transactions. This approach parallels the usage of ETH as gas for ETH OP Rollup/ZK Rollup Layer 2 solutions, ensuring seamless and efficient transaction processing within the EVM ecosystem.

Token

The native token of the system, $SAVM, serves as the designated means for accessing the protocol.

Where can you buy the token?

You can buy $SAVM from MEXC, LBank and BitMart.

Atlas Navi- 62.50%

Sector – DePin
Status – Active
FDV – $27M

Atlas Navi represents a cutting-edge Drive to Earn navigation application employing artificial intelligence (A.I.) and smartphone cameras to mitigate traffic-related challenges. The application adeptly identifies and addresses various road conditions, including closures, roadwork, and potholes, while providing real-time information on accidents, traffic density in each lane, available parking spaces, and the presence of police vehicles. Through its innovative features, Atlas Navi facilitates efficient rerouting options for drivers, thereby enhancing the overall navigation experience. Additionally, the application incorporates licensed 3D Non-Fungible Token (NFT) vehicles, adding a unique and visually engaging dimension to the user experience. Furthermore, Atlas Navi implements a Drive to Earn mechanism, incentivizing users with rewards for each mile traveled. This distinctive combination of advanced technology and user-centric features positions Atlas Navi as a leading solution in smart navigation applications.

Features

Drive to Earn – Users can earn $MILE in-app tokens by utilizing their real-life vehicles, contributing valuable traffic and detection data to the community.

Driving Club – Members can establish their Driving Club within the Atlas Navi platform, extending invitations to friends. Upon joining and using the Atlas Navi app, the inviter and invitee earn $NAVI rewards. The earning structure applies to directly referred members and extends to those brought in by subsequent referrals, spanning up to three levels.

Licensed Car NFTs – Atlas Navi operates on a foundation of collectible Non-Fungible Tokens (NFTs) driven by blockchain technology. This pioneering AI Navigation app integrates NFTs by minting and showcasing them as 3D car models on the map. The earning potential of an NFT is influenced by its metrics and rarity, prompting users to carefully evaluate and optimize these factors for enhanced earnings.

Helping the Environment – Using motion sensors and location trajectory analysis provides insights into individual driving styles, such as the smoothness or aggression exhibited during maneuvers (acceleration, braking, turning, lane changes). Monitoring driver behavior and providing relevant tips can contribute to the reduction of fuel and maintenance costs, as well as the prevention of potential accidents. This proactive approach aligns with environmental considerations and promotes safer driving practices.

Team

Token

$NAVI serves as a versatile token within the Atlas Navi ecosystem, offering users a range of functionalities. It powers the Drive-to-Earn mechanism, allowing users to earn tokens through active participation. Additionally, $NAVI facilitates the creation of Vehicle NFTs, supports trading activities, and enables users to participate in DAO voting for governance decisions. Staking options are available for token holders, providing additional rewards and platform support opportunities. The token is seamlessly integrated for payments, covering expenses such as routine maintenance, fuel, vehicle upgrades, and premium features, offering users a comprehensive and streamlined utility experience.

The maximum supply of $NAVI is 300 million.

Where can you buy the token?

You can buy $NAVI from exchanges like Gate.io.

Hivello – 62.50%

Sector – DePIN
Status – Not yet launched.

Hivello has been meticulously crafted to facilitate the seamless integration of DePIN for internet users, irrespective of their blockchain expertise. The team at Hivello is pioneering a novel approach, allowing individuals to engage with web3 projects and generate passive income, all without needing prior blockchain experience. The proprietary technology developed by Hivello empowers users to install an application on various physical devices such as computers, routers, modems, and storage nodes. By contributing resources through these devices, users can initiate mining DePIN protocols tailored for web3 applications, even without specialized technical knowledge. The overarching mission of Hivello is to democratize access to DePIN on a global scale, ensuring that its transformative capabilities are accessible to everyone, aligning with the team’s commitment to universal empowerment.

How does Hivello work?

The process is streamlined for users as they need to download and install the Hivello app, leaving the rest to the system’s automation. The app seamlessly contributes to the DePIN protocols post-installation, initiating the earning process. The potential for earnings with Hivello is influenced by several factors, including the availability of user resources, demand within connected DePIN protocols, and prevailing market conditions. Hivello is strategically designed to optimize earnings by efficiently distributing resources across multiple DePIN protocols. Notably, Hivello is engineered to function on older devices that might otherwise contribute to electronic waste, emphasizing inclusivity in DePIN protocol participation regardless of the device type.

Furthermore, Hivello extends the convenience of diverse payment options for hosts, allowing them to receive compensation through bank transfers in various currencies, such as US dollars, euros, British pounds sterling, Canadian dollars, and Australian dollars. This multi-currency payment flexibility reflects Hivello’s commitment to accommodating a global community of hosts and enhancing accessibility to the benefits of DePIN protocols.

Investors

The investors in Hivello include NGC, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT.com Exchange, Genesis Block, and NxGen.

Team

Badmad Robots- 60.42%

Sector – Gaming
Status – Not yet launched
FDV – $17M

The game BADMAD ROBOTS is a play-to-earn experience developed by the Liquidifty.io team. Within the context of BadMad Robots, the primary objective is to navigate and survive within a city overrun by inebriated robotic entities driven by their singular pursuits of $METAL beer and acts of violence. Participants in the game are encouraged to accumulate various robotic entities, firearms, and other urban debris to enhance their street credibility. Engaging in player-versus-player (PVP) battles and participating in intoxicated races are viable means to establish dominance in the gaming environment. Players can create their gang or align with existing ones, understanding that more formidable alliances will exert control over the virtual city. Additionally, players can acquire and manage their small parcels of land for farming purposes. Even the intoxicated robotic characters within the game aspire to possess their private havens where they can generate $METAL currency to sustain their existence.

Token

The predominant currency within the BADMAD ROBOTS Metaverse is slated to be $METAL. This token is designed with diverse use cases, extending from its initial launch. Users are expected to employ $METAL for various purposes, including:

Trading in-game items on the dedicated marketplace.
Advancing the progression of their characters and equipment.
Participating in player versus player (PVP) arena battles.
Joining races within the gaming environment.
Upgrading their overall gaming level and more.

The total supply of $METAL is established at 2,750,000,000 units. In tandem with $METAL, another token, $JUNK, will be utilized specifically to acquire containers, participate in raffles, and enhance equipment. This dual-token system provides users with a comprehensive framework for engaging with the various facets of the BADMAD ROBOTS Metaverse.