alexa certify
0

GEN and QI tokens’ ICOs attracted investors attention

Several important tokens, including GEN, QI, and MoC tokens, became available for the ICO trading last week. QI is BENQI’s native token. A decentralized non-custodial liquidity market protocol BENQI enables its users to easily lend, borrow, or earn interest with their digital assets. Built on Avalanche, this protocol gained lots of interest in the market. Depositors providing liquidity to the protocol can earn passive income, and borrowers can borrow in an over-collateralized manner.

BENQI has already completed strategic funding round, managing to raise a total of $6 million. Among the investors were Ascensive Assets, Dragonfly Capital, Arrington XRP Capital, TRGC, Mechanism Capital, Spartan Group, and Woodstock Fund. Other backers were Morningstar Ventures, Ava Labs, Genblock Capital, Rarestone Capital, GBV Capital, Moon Inc, and leading liquidity provider Skynet Trading.

The protocol launched QI token on April 28, 2021. QI oversees the entire BENQI ecosystem, including the Treasury, as well as future iterations of the protocol.

Only QI token holders will be able to vote and participate in BENQI Improvement Proposals (BIPs) discussions to decide the outcome.

While the founding team will govern the protocol initially, they plan to eventually encourage a transition to a Decentralized Autonomous Organization (DAO). After becoming part of the DAO, QI token holders could initiate proposals and vote on issues that will guide the direction of the protocol.

Meanwhile, Coinsbit and CoinGecko listed GEN token on their platforms

GEN and QI tokens’ ICOs attracted investors attention The CoinGecko and Coinsbit exchanges listed Evolution DeFi’s native GEN token on their platfroms. The Non-Fungible Project’s token reached new heights in popularity. The rate of application of Non-Fungible Tokens in the gaming industry is growing.

Evolution’s GEN has a circulating supply of 176,000 tokens. It is already scarce due to heightened interest in the project’s product, as well as the popularity of collectibles. GEN is a BEP-20 token. Its emission is elastic and block-based with various supported contracts such as Evolution, GenToken, GenNFT, MasterChef, Proxy, and Lootbox.

The Evolution project has also launched the NFT battle game. It was the last item on its roadmap for the month of April. Players can buy Eggs or grow a creature with a variety of capabilities if they have the GEN tokens. Once the character is ready, users can submit them to the daily battle arena and win more GEN token prizes. Besides, players can breed monsters to get additional capabilities or just buy more powerful ones from the NFT market.

The Evolution DeFi game provides a high yield of farming that can attain 5,000% per year through a wide range of farms and pools. Customers can choose from a variety of currencies, including BUSD, ETH, USDT, DAI, and others. The use of NFT formats and the elastic token issuance per block allows to increase the interest rate. As well as provide possibilities for users to advance their characters’ daily evolution.

RSK Network listed Money on Chain’s native MoC token on its platfrom

Money On Chain has partnered with Rootstock Network (RSK) to build on Bitcoin and take part in creating a new global financial system. The company is now pushing the RSK community further towards the goal of decentralization. The platform launched the MoC governance token.

Money On Chain is a well-developed, proprietary financial model built by Bitcoiners. Its platform proved to be robust even in extreme market situations. It enables Bitcoiners to improve the performance of their assets in various ways while simultaneously retaining complete control of their private keys.

Money On Chain’s self-contained protocol will have better governance thanks to the MoC token. The platform already uses DoC (the first USD stable coin collateralized with BTC), BTCx (an amplified leveraging mechanism), and BPro (a HODL and earn token which offers unique benefits).

Money On Chain is a multifaceted platform. It is a proponent in boosting the mass adoption of Bitcoin and in aiding with decentralization.

Investors holding BPro will receive free leverage provided by DoC owners, along with passive income paid by investors who buy BTCx. They will also get incentives in MoC tokens for owning BPRO.

 

  • Support
  • Platform
  • Spread
  • Trading Instrument
Sending
User Review
0 (0 votes)

Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.

You might also like

Leave a Reply

Subscribe to Our Newsletters

Have the best of Finance Brokerage News delivered directly to your mailbox. Subscribe now to receive the latest market news.



Financebrokerage