TOKEN METRICS WATCHLIST

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

Kinto
Andromeda
unshETH
Metamorph
BonusBlock

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.

Kinto (Website – Twitter)

Kinto is a Layer 2 (L2) solution that uses KYC to provide a secure ecosystem. They offer a trusted and secure platform for DeFi protocols. To use the network, all participants must complete KYC and Anti-Money Laundering(AML) checks, ensuring a safe platform for users and institutions.

Why we like it

Since the blockchain has come into the limelight, it has brought along its flaws, such as safety concerns. The blockchain world has witnessed numerous scams and rug pulls. To address this issue, Kinto is providing a solution with its mandatory KYC and AML verification process. The transactions on the platform can only be performed by verified participants. This makes the network 10x safer.

Kinto offers a secure SDK system to financial institutions and developers to quickly build on their platform. In addition, they incentivize innovation by providing a portion of the transaction fee to the smart contract developer each time their smart contract supports a transaction. The network offers insurance against unpredictable “black swan” events to all applications built on Kinto. By combining features from the CeFi and DeFi worlds, this platform provides a unique and complete infrastructure for developers and better features.

Investors

TBA

The Team

TBA

Token Utility

$KINTO token will serve as the network’s governance & utility token, providing its holders with network ownership and voting rights. It will be used to access the platform.

Where can you buy the token

TBA

Andromeda (Website – Twitter)

Andromeda Protocol is a decentralized application (dApp) development framework that aims to make it easier, faster, and better to build dApps on the blockchain. It is the first on the chain-decentralized operation system. Andromeda provides an attractive interface for the users, pushing Web 3 adoption.

Why we like it

The current Web 3 market is fragmented and has problems like complexity, interoperability, confusion, barriers to entry, etc. This makes the development difficult and expensive. Andromeda is trying to change it and offer a better, one-place alternative. It provides a unified development environment for dApps, using a single language (Rust) and framework (Andromeda Runtime). This simplifies the process for developers to build secure, interoperable dApps. Andromeda also provides tools for users and developers to create their dApps easily. The project includes a No-Code Builder, which enables users to construct their desired projects in just a few clicks. Andromeda’s target market is vast, and its exciting features make it an intriguing project.

Investors

TBA

The Team

The team comprises skilled engineers and entrepreneurs with an average of 15 years of experience in their respective fields. Some of them have been part of the blockchain industry since 2012.

Token Utility

TBA

Where can you buy the token

TBA

unshETH(Website – Twitter)

unshETH is a DeFi protocol that brings validator decentralization by promoting competition among ETH liquid staking protocols to get the best ETH staking experience. unshETH utilizes Omnichain technology to facilitate its function across multiple blockchain networks, including Ethereum Mainnet and BNB Chain. Their vision is to become the best on-chain app for staking yields and swaps for LSDs.

Why we like it

Since Ethereum moved to Proof-of-Stake, it pioneered a new Liquidity Staking Derivates(LSDs) market. The demand for Liquidity Staked ETH is rapidly growing, and unshETH is at the center of it. unshETH is a diversified liquid-staked ETH basket that earns staking yield and swap fees wrapped in a single ERC-20 token. Users can mint unshETH by depositing a supported LSD. An additional feature is that the token is omnichain and supports other networks.

The platform provides the most efficient distribution channel to grow Total Value Locked(TVL) and on-chain liquidity for Liquidity staking tokens. The project uses an innovative approach to govern the inclusion of new LSDs into its basket. Initially, there is a bootstrapping period for liquidity and governance to introduce the new asset at a small weight. After that, a gauge-style monthly process is implemented to set the weight, allowing projects to participate by staking USH or through a governance incentive marketplace.

Investors

TBA

The Team

TBA

Token Utility

USH is the governance token and incentive layer for unshETH. The USH token holders can vote on proposals and decide on the protocol’s governance. They can also stake their USH to receive vdUSH, which can be used to participate in the governance and earn a share of the protocol’s revenue.

Where can you buy the token

USH tokens can be brought from any decentralized exchange like Sushuswap, Balancer V2, Pancakeswap V3 etc.

Metamorph (Website – Twitter)

Metamorph is an AI-powered blockchain game where players control their digital avatars called “Morphs.” It is an open-world exploration, NFT creature collector, and life simulator game built on the Polygon Blockchain. The game is designed in an immersive manner that provides users with a real-life experience. The game will offer features like play to earn and NFTs. The game will be launched both on Android and IOS devices.

Why we like it

Metamorph provides an AI universe where users can create their avatars. Each Morph(avatar) has a unique ID, habits, appearances, etc. As players engage with their morphs, certain elements unlock and help them evolve automatically. The game offers unique features such as career modes, AI dating, and environment customization. Additionally, it has a marketplace where users can buy and sell assets and services inside and outside the game. The game also provides opportunities for players to earn real money. Its addictive gameplay offers an endless social world where players can be whomever they want without judgment. They have plans to onboard Web 2 players as well. The vision of Metamorph is to build the leading 3D web simulator where millions of gamers can turn their genre passion into real assets.

Investors

TBA

The Team

Rainbow Studios is behind Metamorph, an International Art and game dev outsourcing company. The team is well-experienced in the Gaming field.

Token Utility

$GOV is the core token of the Metamorph decentralized economic system. This will be the governance and decision-making token on the platform. The $GOV token will also be subject to burning in the future.

Where can you buy the token

TBA

BonusBlock (Website – Twitter)

BonusBlock is a Web 3 engagement protocol that provides developers with better reach and auditory needs. BonusBlock is a unique blockchain network that rewards users for on-chain activity across Web3. It incentivizes building healthier relationships, loyalty, and community engagement with project stakeholders and is built on Cosmos SDK.

Why we like it

The growth and adoption of Web3 and decentralized products are happening rapidly. With the increasing number of protocols, there is fierce competition for users’ attention. BonusBlock aims to help protocols perform better and increase the adoption of Web 3 by incentivizing and rewarding users for engaging more with the protocol. The BonusBlock blockchain supports the deployment of Smart Contracts.

The CosmWasm smart contract flavor supported by Cosmos SDK can be deployed and run on BonusBlock. CosmWasm also allows for creating multi-chain contracts, meaning users can migrate existing contracts to the BonusBlock chain due to its high interoperability and independence from the host. BonusBlock deploys smart contracts to Layer 0/Layer 1 networks, providing a native Web3 approach to supporting each blockchain network with greater scalability. It offers better and more advanced features than its peers.

Investors

TBA

The Team

TBA

Token Utility

$BONUS token is the utility of Bonus Block. The benefits of tokens for various users are access to premium features, analytics unlocking, campaign discounts, etc. Holders can also Participate in the governance and stake $BONUS tokens to secure the network, improving its stability and resistance to attacks.