TOKEN METRICS WATCHLIST

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

WINR Protocol
DIA
Dynex
Taraxa
friends.tech

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.

DIA- 68.75% (Website – Twitter)

DIA (Decentralised Information Asset) is a cross-chain, open-source data and Oracle platform for Web3. It offers transparent and validated data feeds, covering asset prices, metaverse data, and lending rates. The DIA platform enables the sourcing, validation, and sharing of transparent and verified data feeds for traditional and digital financial applications.

Why we like it

DIA’s uniqueness stems from its ability to directly source data from a broad spectrum of on-chain and off-chain origins, tracing down to individual trade data. This meticulous sourcing approach empowers DIA to tailor its data feeds with precision. The outcome is a set of highly customizable and resilient feeds characterized by an innovative blend of sources and methodologies. All data on the DIA platform is crowd-sourced from publicly available sources without the involvement of any third parties.

DIA gathers over 20,000 assets and can obtain and share publicly accessible data feeds. This removes the need to rely on hidden or pre-combined data from third parties. In essence, DIA sets a groundbreaking precedent for oracle systems regarding adaptability and reliability. DIA aims to gather data analysis, providers, and users to form a robust ecosystem, becoming “Wikipedia for Financial Data.” DIA’s architecture lays focus on transparency, customizability, and scalability.

Investors

DIA distinguished itself as a standout achiever within the Outlier Ventures’ Base Camp Accelerator program. Notably, it has garnered support from prominent venture capital entities such as TRG Capital, Continue Capital, Jun Capital, A2DAO, ZBS Capital, and Outlier Ventures.

The Team

DIA owes its inception to its founders, Paul Claudius, Michael Weber, and Samuel Brack. These individuals possess impressive qualifications and valuable experiences in their respective domains.

Token Utility

DIA token is the native token of the platform. It has a max supply of 200 million.

The DIA Token enables community governance on the platform through idea sharing, proposing, and voting. This ensures transparent and inclusive decision-making for enhancements.

Where can you buy the token

The DIA token can be brought from centralized and decentralized exchanges.

Taraxa- 68.75% (Website – Twitter)

Taraxa represents a meticulously crafted Layer-1 public ledger that embodies speed, scalability, and device compatibility, all oriented toward a specific purpose: democratizing the concept of reputation by instilling trustworthiness in informal data. Taraxa is a public ledger platform built for audit logging, i.e., to record and examine the activities of informal transactions.

Why we like it

The distinctive strength of Taraxa lies in its capacity to not only track informal data but also to imbue it with credibility through purpose-built technological solutions. This is achieved by decentralizing the processes of collecting and analyzing informal data while concurrently fostering accountability by implementing signed commitments. Taraxa endeavors to construct localized reputation networks deeply rooted in communities by harnessing a substantial volume of conversational data. These networks, in turn, empower even the most minor participants to establish reputations for themselves, elevating their trustworthiness and facilitating more efficient and equitable forms of recognition.

The Taraxa network has seamlessly integrated block Directed Acyclic Graph (DAG) technology, strategically enhancing the network’s capability to increase block size. This, in turn, leads to a proportional surge in throughput, all while upholding the paramount importance of security as a non-negotiable aspect of the network’s operational framework.

Investors

No investors found for Taraxa.

The Team

The venture founders have a strong background, underscored by substantial and noteworthy expertise. The team comprises professionals with a wealth of experience in their respective domains.

Token Utility

TARA is the native token of Taraxa, with an initial supply of 10 billion tokens. The block rewards from staking and running consensus nodes will be inflated at a maximum rate of 20% annualized yield. Currently, the supply is 10,227,913,662.

TARA tokens are used for three things –

• Gas fees – used to pay for transaction processing
• Staking – used to secure the network against Sybil attacks, staking will have a maximum 20% total annualized yield, rewarded in the form of inflated tokens in block rewards.
• Voting- used to vote on changes to the network.

Where can you buy the token

TARA can be brought from centralized exchanges like KuCoin, Gate.io, and MEXC.

friend.tech 68.75% (Website – Twitter)

friend.tech is a decentralized social media app that allows users to tokenize their friends. It is a decentralized social media application designed to facilitate the tokenization of interpersonal connections. This novel concept will enable individuals to monetize aspects of their online presence by offering “shares” of themselves to interested parties.

Why we like it

At its core, friend.tech emerges as an innovative social application, empowering users to tokenize their network of associations. Consequently, these shareholders gain exclusive access to private communication channels, fostering a sense of connection with the individuals they have invested in. The price of these shares depends on various factors, such as the number of followers a person has, the level of interaction with their posts, and their overall influence. friend.tech effectively intertwines financial participation and social interaction, seamlessly combining these traditionally distinct domains. It is developed on the Base Network. This decentralized framework is bolstered by cutting-edge security facilitated by MPC key technology.

Users are afforded a seamless sign-in experience via their mobile devices, with the option to utilize their phone number, Google ID, or Apple ID. For new users, the onboarding process entails an invitation code from an existing platform user. Additionally, these new users are required to establish a connection between their Twitter accounts and the platform. friend.tech is an innovative platform with effective go-to-market strategies that has gained significant traction in a short time.

Investors

friends.tech has raised a seed round from Paradigm.

The Team

The team is anonymous.

Token Utility

The details of the token have not been revealed yet.

Where can you buy the token

The platform doesn’t have a token yet.

Dynex- 66.67% (Website – Twitter)

Dynex presents a global network of Decentralized Neuromorphic Supercomputing underpinned by the world’s pioneering neuromorphic supercomputing blockchain. At the heart of Dynex’s capabilities lies the exclusive DynexSolve algorithm, designed to tackle real-world computational tasks using Proof-of-Useful-Work (PoUW) during mining.

Why we like it

Divergent from conventional blockchain mining, PoUW facilitates customers in harnessing the collective computational prowess of numerous Graphics Processing Units (GPUs) via Python scripting. DNX, the intrinsic utility coin of Dynex, is orchestrating this, which acts as the medium for compensating neuromorphic computing resources, promoting inclusivity and accessibility. A defining attribute of Dynex is its employment of neuromorphic annealing to unravel intricate problem solutions. This approach, distinct from classical computing paradigms, endows Dynex with unparalleled speed and efficiency, outstripping even the confines of quantum computing. Dynex leads the way into a new epoch of computational potential through this groundbreaking neuromorphic computing platform.

Central to Dynex’s technological arsenal is the exclusive Dynex Neuromorphic Chip, a transformative element that metamorphoses contemporary devices into highly efficient neuromorphic computing units, surpassing the capabilities of classical and quantum techniques. This chip is characterized by its remarkable features, including in-memory processing, instantonic behavior, and long-range order. To expedite the adoption of neuromorphic computing, Dynex extends the Dynex SDK, a collection of open-source Python tools.

Investors

No investors found for Dynex.

The Team

The team is anonymous.

Token Utility

DNX is Dynex’ native utility coin which is being used on the platform to pay for neuromorphic computing time. DNX can be obtained by mining with the proprietary Proof-of-Useful-Work (PoUW) algorithm DynexSolve.

Where can you buy the token

DNX can be brought from centralized exchanges like MEXC, BingX, and Bitmart.

WINR Protocol- 64.58% (Website – Twitter)

The WINR Protocol is an innovative decentralized liquidity and incentive solution crafted for blockchain gaming. On the Arbitrum network, WINR is tailored to serve on-chain games and their enthusiasts, addressing a crucial requirement for enhanced liquidity. At its core, the WINR Protocol spearheads the evolution of iGaming into the web3 era by equipping developers with smart contract utilities, a robust liquidity mechanism, and an incentivizing framework.

Why we like it

Developers can construct their games through the smart contract game engine within the WINR Protocol. This engine guarantees swift finality, enhancing the gaming experience. Furthermore, WINR offers incentives to developers, which can be retained or shared with gamers, fostering a rewarding ecosystem. Gamers gain access to an assortment of games on the WINR platform. Activities, gameplay, and rewards all occur on-chain in near real-time. WINR employs decentralized oracles and smart contracts, establishing a transparent incentivization system that bolsters trust and platform reliability.

Like gamers, investors benefit from the safeguarded liquidity within a decentralized framework. This liquidity serves the purpose of enticing additional projects to become part of the WINR ecosystem. With a growing count of integrated projects, both the return on investment (ROI) for liquidity and the valuation of the WINR token are anticipated to escalate in tandem. Just Bit casino is a fully decentralized on-chain casino built on the WINR protocol and gaining traction.

Investors

No investors found for WINR protcol.

The Team

The team is anonymous.

Token Utility

The native token of the WINR Protocol is WINR, which serves as its initial incentive. A portion of the WINR supply is reserved for ecosystem rewards, which take the form of vWINR. WINR and vWINR can be staked to generate passive real yield in the form of WLP using their Bribes mechanism.

The WLP ERC20 token represents the underlying assets in the WINR Liquidity Pool. It is a liquid token with a value of USD and be used as collateral or for farming strategies through various vaults.