🎯Renzo One-Page Overview

@Renzo Protocol is your go-to Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. As the 53rd project on the Binance Launchpool, it's bursting with potential.

Let's explore more about Renzo by an One-page overview below👇

#GemxCrypto #Renzo

⚡️Zetachain - The First Omnichain Concept

@zetablockchain, a novel concept in the crypto market. Offering a compelling option for developers and users seeking to leverage the benefits of mining on any blockchain.

🧵Let's dive into an overview of Zetachain
1/ What is Zetachain?

Zetachain is an omnichain platform addressing the gap between "cross-chain" and "multichain", aiming to expand crypto and global financial ecosystems for everyone.

It supports mobility and a multichain ecosystem within crypto, enabling users to harness any blockchain's benefits: Payments, DeFi, Liquidity, Games, Arts, Social Graphs, Security, and more.

2/ Key Features of Zetachain:

🔥Decentralized and public: Built on Cosmos SDK and Tendermint Consensus, Zetachain is a decentralized and public blockchain network.

🔥Hyper Node: Zetachain's nodes oversee transactions across all connected chains.
3/
🔥Omnichain smart contracts: Smart contracts deployed on Zetachain can read/write to connected chains.
🔥Managed external assets: Enables asset management across any chain, similar to a smart contract on a single chain managing assets on corresponding chains.

4/
🔥Cross-chain message passing: Developers can transmit messages (data and value) between chains and layers, enabling robust cross-chain Dapps with just a few functions deployed within their existing smart contracts.

5/ Zetachain Ecosystem:

Zetachain's ecosystem is relatively robust for a Layer1 blockchain with the project's current raised capital. The project continues to develop and build new Dapps in the future.

6/ Investors:

The project has been invested in by GSR, CTM Holdings, with funding of up to $27M. However, these are Tier 3 funds, not highly rated or well-known in previous investment deals.

7/ Conclusion:

Zetachain presents a promising option for users and developers seeking an omnichain solution.

Disclaimer: This thread is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions

#ZetaChain #GemxCrypto

🚀Hong Kong Approves BTC and ETH ETFs

Hong Kong has given the green light to the first Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs). This is a big step forward for the crypto market!

Here's how these ETFs could change the game👇

1/ Six cryptocurrency spot ETFs, including three Bitcoin Spot ETFs and three Ether Spot ETFs, are set to commence trading in Hong Kong on April 30, 2024.

This marks a significant step in expanding investment options and fostering crypto market growth in Hong Kong.

2/ Unlike the cash-settled model of Bitcoin spot ETFs in the US, Hong Kong aims to provide a physically settled model for ETFs, allowing new ETF units to be created using BTC and ETH.

3/ Competitive management fee landscape: Harvest offers free management fees for clients in the first six months, followed by a fee of 0.3%.

Bosera imposes a fixed management fee of 0.6% for both Bitcoin and Ether spot ETF products. ChinaAMC has the highest fee, fixed at 0.99%.

4/ As a leading financial hub in Asia, Hong Kong is expected to inject substantial capital into the cryptocurrency market.

According to Bloomberg analysts, this capital influx could reach $1 billion within the first 1-2 years.

5/ Projects like ETH and related ones are poised to benefit significantly from this news. However, it's essential to approach trading opportunities cautiously, with clear take-profit and stop-loss targets.

Avoid FOMO, especially in volatile market environments.

#GemxCrypto #BTC🔥🔥🔥🔥🔥 #ETH🔥🔥🔥 #ETFs

🔮Wormhole: The Cross-Chain Project Making Waves

Wormhole, a cross-chain project, gained immense attention recently with a staggering $700M airdrop and its listing on top exchanges like Binance on

But what exactly is Wormhole? Let's dive in👇

1/ What is Wormhole?

Wormhole serves as a bridge, facilitating asset transfers across various blockchains. Currently, it supports over 30 chains, including Ethereum, Solana, BNB Chain, and more.

2/ How does it work?

- Users deposit tokens from Chain A into Wormhole.

- Wormhole mints wrapped tokens on Chain B and locks the corresponding tokens on Chain A.

- When withdrawing assets, users send wrapped tokens to Wormhole.

- Wormhole burns the wrapped tokens and unlocks the corresponding tokens on Chain A.

3/ Wormhole's Milestones:

• Processed over 1B transactions with a volume exceeding $40B.

• Supported by 200+ dApps across various blockchains.

• Offering solutions like Wormhole Messaging, Queries, Connect, NTT, and Gateway.

4/ Security Concerns:

Wormhole faced a major hack resulting in a loss of $326M. However, efforts by Jump Trading and Oasis retrieved $140M, demonstrating the project's resilience.

5/ The Massive Airdrop:

Worm token's launch on 3/4 reached a market cap of $2.98B, with a $700M airdrop, marking a significant milestone for the project.

6/ The Team Behind Wormhole:

Founded by Jump Crypto, backed by major investors like Coinbase, Multicoin Capital, and Jump Trading.

Disclaimer: This thread is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions

🔥Follow @GemX Crypto for more latest news and insights on trending projects.

#Wormholecoin #GemxCrypto

🔥Big shoutout to PhronAI for PhronZero

PhronAI just introduced PhronZero, a platform leveraging AI to simplify blockchain creation.

PhronZero offers user-friendly tools, customizability, cost-effective options & top-notch security.

Ready to build your blockchain empire? PhronZero makes it possible!

⚡️Explore more on Gemx.io: http://gemx.io/research/phronai-building-your-own-blockchain-empire-with-ai…

#PhronAI #GemxCrypto

🔥Ethena: A DeFi Game Changer

@ethena_labs recently secured $14 million in funding (February 16, 2024) from prominent investors like Dragonfly Capital, Binance Labs, Paypal, and Fidelity.

But what exactly is Ethena? Let's dive in⬇️

1/What is Ethena?
Ethena Labs pioneers a decentralized stablecoin issuance protocol on Ethereum.

It offers a stablecoin solution independent of traditional banking systems, along with a USD savings tool called Internet Bond.

2/ Noteworthy Features:

• Scalability through derivatives without overcollateralization.

• Stable value ensured through non-leveraged short positions on Liquid Staking Tokens (LST) upon USDe issuance.

• Anti-censorship by separating collateral assets from banking systems.

3/ USDe Issuance Mechanism:
Users deposit Liquid Staking Tokens (LST) like stETH, rETH into Ethena to mint USDe. Ethena opens non-leveraged short positions on derivatives exchanges, balancing short positions against price volatility.116

4/ Security on-chain:
Ethena employs a collateral distribution mechanism through diverse MPC custody contracts on-chain, reducing dependency on centralized servers and minimizing counterparty risk.

5/ Flexible Leverage Unlocking:
USDe generates fixed profits for users through staking rewards from LST and funding rates from short positions. Ethena also allows minting USDe based on LST to maintain long-term exposure to Ethereum while providing liquidity for USDe.

6/ Token Details:

• Token Name: Ethena Token (ENA)

• Blockchain: Ethereum

• Token Standard: ERC-20

• Total Supply: 15,000,000,000 ENA

• Initial Supply: 1,425,000,000 ENA

• Allocation: Core Contributors (30%), Investors (25%), Foundation (15%), Ecosystem (30%).

Disclaimer: This thread is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions

🔥Follow @GemX Crypto for more latest news and insights on trending projects.

#Ethena #GemxCrypto

Congratulations to the lucky ones, thank you for participating in this airdrop, see you next time

#GemxCrypto #Airdrop‬

🧵Cracking the Code: Hedera Hashgraph

Let's delve into Hedera Hashgraph, a public distributed ledger (DLT) platform gaining traction in the tech sphere.

This thread will objectively explore its features, potential applications, and the technology behind it🔥

1/What is Hedera Hashgraph?

Launched in 2018, Hedera Hashgraph is a public DLT designed to support existing and emerging web-scale applications.

It leverages DLT technology to build trust directly into applications, enabling collaboration between untrusted parties.

2/ Headquartered in Richardson, Texas, USA, Hedera Hashgraph has raised a total of $125 million funded from 7 rounds.

The company is backed by 19 investors, including Boeing HorizonX Ventures, Tata Communications, BlacTower Capital, Vestinwolf Alternatives, and many other investors.

3/ What problem does Hedera Hashgraph solve?

Hedera aims to address the limitations of applying public DLT in mainstream trends👇

#1. Hedera is the only public ledger solution available in the industry using the hashgraph consensus, which is a faster and more secure alternative to traditional blockchain consensus mechanisms.

#2. Hashgraph is faster than Bitcoin or Ethereum blockchains because it achieves high throughput with over 10,000 cryptocurrency transactions per second and low latency.

It benefits from the innovative gossip protocol and virtual voting.

#3. Their network is governed by a council of up to 39 leading global enterprises, providing essential business experience and technical expertise lacking in previous public ledger platforms.

#4. Hedera's technical solution includes controlled state network changes and the ability to request or attach additional data to transactions, such as identity verifications.

Disclaimer: This thread is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions

🔥Follow @GemX Crypto for more latest news and insights on trending projects.

🐶BONK: A New Meme Coin Roaring to the Top

$BONK , a meme token airdropped to members of the Solana community, has experienced explosive growth, becoming the fourth-largest meme coin by market cap.

Let's take a deeper look at BONK in this thread🧵

#1 - What is BONK?

BONK is a community-driven meme coin built on the Solana blockchain.

It was airdropped to a diverse group of Solana stakeholders, including NFT holders, DeFi members, art collectors, and developers.

#2 - BONK Token Distribution:

• 20% to holders of 40 Solana NFT collections.
• 15% for early BONK traders.
• 10% to support Solana's artistic community.
• 5% for developers contributing to BONK infrastructure.
• Open market access for wider participation.

#3 - The Rise of BONK:

BONK has gained rapid traction. A strategic airdrop and emphasis on rewarding early adopters fostered a robust community.

With a notable market cap, BONK emerges as a potential successor to meme coins like Shiba Inu, Dogecoin, and Baby Doge Coin.

#4 - Conclusion:

Rising fast with strong community support, BONK has meme coin potential. Can it surpass Dogecoin? Let's wait and see if BONK claims the top spot🚀

Disclaimer: This thread is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions

🔥Follow @GemX Crypto for more latest news and insights on trending projects.

☀️Exploring Pixels: A Play-to-Earn Farming Game

Explore a world of pixelated farming and potential real-world rewards! Dive into Pixels, a play-to-earn RPG on the Ronin blockchain.

Let's unpack what Pixels offers👇

1/ Introduction to Pixels: Pixels is a play-to-earn RPG farming game built on the Ronin blockchain. It features pixel art and combines farming activities with role-playing elements.

Players cultivate crops, raise animals, and explore a virtual world.

2/ Gameplay Features: Pixels offers a high degree of freedom for players to build farms, structures, and virtual societies.

Landownership allows for customization and personalization of the gameplay experience. (Link to Pixels gameplay guide)

3/ Play-to-Earn Model: Pixels utilizes a play-to-earn model where players can earn tokens ($BERRY and $PIXEL ) through in-game activities like farming, cooking, and completing quests.

These tokens have the potential to be exchanged for real-world value. (Link to Pixels tokenomics)

4/ MMO Experience: Pixels is a Massive Multiplayer Online (MMO) game, allowing players to connect and collaborate with others through guilds and joint projects

5/ Core Gameplay Activities:

• Resource gathering and skill development (Link to Pixels resources guide)
• Land customization with the Map Builder tool
• Earning $BERRY and $PIXEL tokens through farming, cooking, and quests

6/ Funding and Recognition: Pixels has secured $7.2 million in funding from notable investors such as Animoca Brands and SkyMavis, indicating potential within the project.

7/ NFT Value Fluctuations: The value of Pixels NFTs (Land) has experienced significant fluctuations. Prices initially dropped to 0.1E/Land but later surged to 2E, demonstrating market interest.

Disclaimer: This thread is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions

🔥
Follow @GemX Crypto for more latest news and insights on trending projects.

#Pixel #GemX

🌊Omni Network One-page Overview

The @OmniFDN stands as a revolutionary cross-rollup protocol designed for Ethereum. As the 52nd project on the Binance Launchpool, it holds significant promise and potential.

Let's delve deeper into this project👇

#OMNI #GemxCrypto

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🔥 SOLANA DEX DRIFT ANNOUNCES 100 MILLION TOKEN AIRDROP

There is a 1 billion, which is divided among 180,000 users according to how active they are on the network. The allocation is as follows:

• Community and ecosystem: 53%
• Protocol development: 25%.
• Strategic investors: 22%.

⏰ The exact time of this event will be revealed later. It will occur in the upcoming weeks.

The DEX announced a multi-branch decentralized autonomous organization (DAO) structure with the goal of democratizing operations, in addition to an airdrop and the launch of a governance token!

#Solana🚀

Top Price Gainers in Last 24 Hours

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Don't forget to follow @gemx_crypto for more interesting info💸

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Top TVL Gainers on TON Last 7 Days

🥇Storm Trade +143%

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🎁GemX Crypto Giveaway

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🚀Biggest 24-Hour Gainers In The @Ethereum Ecosystem

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