News preview:
OKX will launch ZeroLend (ZERO) spot trading on May 6;
Lending protocol ZeroLend will hold a TGE for its ZERO token on May 6, with 15%-17% going toward airdrops;
Mode, an L2 network built on OP Stack, will release the governance token MODE on May 7;
Heroes of Mavia (MAVIA) will unlock approximately 7.66 million tokens at 8:00 am Beijing time on May 6, accounting for 24.29% of the circulation, worth approximately US$30 million;
Coinbase International may launch AR, HBAR and THETA perpetual contract trading on May 9;
EigenLayer plans to open token claims on May 10, and 15% of the supply will be distributed as staking airdrops
May 6
Exchange:
OKX will launch ZeroLend (ZERO) spot trading on May 6
According to the official announcement, OKX will launch ZeroLend (ZERO) spot trading. The specific schedule is as follows: ZERO deposit opening time: May 3 16:00 (UTC+8); ZERO/USDT opening time: May 6 16:00 (UTC+8); ZERO withdrawal opening time: May 7 18:00 (UTC+8).
Project dynamics:
Aave community proposes to deprecate small-cap stablecoins on Ethereum V2, voting ends on May 6
Aave has launched a community proposal to deprecate USDP, GUSD, LUSD, FRAX and sUSD small-cap stablecoins on the Aave V2 Ethereum network, with voting closing on May 6. Recent events have highlighted the need for Aave to reduce its V2 exposure to lesser-used stablecoins, many of which have limited liquidity, allowing price manipulation and other potentially harmful events. Previously, the community adopted a two-stage process to deprecate stablecoins, using BUSD and TUSD as examples. Given the success of these, Aave has proposed a similar path forward.
Lending protocol ZeroLend will hold a TGE for its ZERO token on May 6, with 15%-17% going to airdrop
ZeroLend, a decentralized multi-chain lending protocol, announced that it will conduct a token generation event (TGE) for its ZERO token on May 6. In this TGE, 15% to 17% of the ZERO token supply will be distributed to community members via airdrops. Specifically, 5% of the tokens will be allocated to users who participate in the Zero Gravity points event, while 10% to 12% of the tokens will be distributed through earlyZERO (pre-mined ZERO). Both parts of the token distribution have an initial release ratio of 40%, followed by a 3-month cliff period and a 3-month linear release period.
BounceBit will suspend the Premium Yield Generation function on May 6 and introduce the first batch of professional node operators
BounceBit will launch its mainnet according to the following schedule: On May 6, the Premium Yield Generation feature will be suspended until the mainnet is officially launched. From May 6 to 12, BounceBit will introduce the first batch of professional node operators. In addition, on May 13, the BounceBit mainnet will be officially listed, and at the same time, the BB points airdrop will be automatically distributed to each eligible wallet without any additional operations by users. In addition, the BB Megadrop event on the Binance platform will end on the same day, and the rewards will be distributed before trading begins.
Token unlocking:
Heroes of Mavia (MAVIA) will unlock approximately 7.66 million tokens at 8:00 am Beijing time on May 6, accounting for 24.29% of the circulation, worth approximately US$30 million
May 7
Project dynamics:
Meson Network: Mainnet mapping will be carried out on May 7
The Decentralized Physical Infrastructure Network (DePIN project) meson.network tweeted that the Sepolia testnet snapshot ended on April 30, and the 1% mapping of the entire testnet to the mainnet is scheduled to take place at 14:00 on May 7, 2024.
Mocaverse to announce final MOCA token sale results on May 7
The MOCA token public offering has ended, and the final allocation results of the MOCA token issuance activity are expected to be announced on May 7, and the token distribution will be carried out around May 24. The MOCA token issuance information is as follows: a total of 126,984,127 MOCA tokens are provided, accounting for 1.5% of the total token supply, and the price of each token is $0.03938; the FDV of the total MOCA token supply is $350,000,000; participants in the MOCA token issuance receive the most favorable vesting terms in different verticals, unlocking 5% at TGE, a 3-month cliff period, and a 52-week linear release driven by the CoinList platform.
Nostr Assets to launch MicroNode early access testing on May 7
Nostr Assets Protocol posted on the X platform that it will conduct early access testing of MicroNode on May 7, 2024, which is expected to last for 2 weeks, depending on the test results.
Mode will release the governance token MODE on May 7
Mode, an L2 network built on OP Stack, will release the governance token MODE on May 7. The total supply of the token is 10 billion, of which 5.5% is dedicated to the first of two user airdrops. The second airdrop will last from May 5 to September 6, when another 500 million tokens will be issued. 38% of MODE's supply is allocated to investors and core contributors, 27% to the foundation treasury, and the remaining 35% to end users and developers. Since its launch in January, Mode has accumulated more than $500 million in TVL from 450,000 wallets.
Token unlocking:
Hashflow (HFT) will unlock approximately 13.62 million tokens at 8:00 am Beijing time on May 7, accounting for 3.46% of the circulation, worth approximately US$4.2 million.
May 8
Project dynamics:
Morpheus’ MOR tokens will be available for redemption on Arbitrum on May 8
Morpheus, a decentralized computing power market based on Arbitrum, announced on Twitter that its MOR tokens will be available on Arbitrum on May 8. It is reported that Morpheus aims to help users build proxy AI based on large language models, and then call smart contracts through proxy AI. February 8 is the creation day of MOR. Tokens begin to accumulate from this time, but cannot be transferred within the first 90 days.
Gitcoin Launches 20th Grant Program on Arbitrum, Running Until May 8
Gitcoin has announced the launch of its 20th grant program (Gitcoin Grants 20, GG20), which will run until May 8. The grant activity will be conducted on Arbitrum and aims to further promote the development of open source software (OSS) and community projects through matching funds. In GG20, Gitcoin allocated a matching fund pool of $1 million for open source software initiatives, covering four dedicated OSS rounds, including Hackathon Alumni, dApps & Apps, Developer Tools and Libraries, and Web3 Infrastructure. In addition, GG20 also includes five community rounds with a total matching fund of $476,000, covering areas such as ENS, climate solutions, Open Civics, Hypercerts ecosystem, and Token Engineering Commons.
May 9
Coinbase International may launch AR, HBAR and THETA perpetual contract trading on May 9
Coinbase will add support for Arweave, Hedera, and Theta perpetual futures on Coinbase International and Coinbase Advanced. AR-PERP, HBAR-PERP, and THETA-PERP markets will be available on or after 9:30 AM UTC on May 9, 2024.
Token unlocking:
Euler (EUL) will unlock about 67,000 tokens at 3:20 pm Beijing time on May 9, accounting for 0.36% of the circulation, worth about $380,000
May 10
Exchange:
Kraken to Stop Trading and Deposits of Monero (XMR) in Ireland and Belgium on May 10
Cryptocurrency exchange Kraken has announced that it will stop supporting privacy coin Monero (XMR) in Ireland and Belgium. Kraken will stop trading and deposits of XMR on May 10, and plans to completely delist Monero from the platform on June 10, when XMR withdrawals will be stopped for users in Ireland and Belgium. If users still have XMR balances in their accounts after the deadline, these coins will be automatically converted to Bitcoin (BTC). This move follows the recent EU ban on crypto asset service providers (CASPs) from providing accounts for anonymous users or using privacy-focused tokens such as Monero.
HashKey Exchange will suspend deposits from Binance wallet addresses on May 10
Hong Kong licensed virtual asset exchange HashKey Exchange issued a notice on suspending deposits and withdrawals from Binance wallet addresses, stating that due to platform policy adjustments, virtual asset deposits and withdrawals from Binance wallet addresses will be suspended. The specific time schedule is as follows: deposits will be suspended from 00:00 on May 10, 2024, and withdrawals will be suspended from 00:00 on May 17, 2024. Virtual asset deposits and withdrawals from personal wallet addresses will not be affected.
CommEx, the buyer of Binance’s Russian business, will shut down its official website on May 10
CommEx, the buyer of Binance's Russian business, announced that it will gradually cease operations from March 25, 2024. By May 10, the official website will be closed and users will not be able to access anything related to CommEX. CommEX emphasized that after May 10, 2024, the remaining assets in the user's account will be charged a 1% asset management fee. At the same time, CommEX reminded users to pay attention to safety, close positions in time and withdraw assets to external wallets, and warned users not to process fund withdrawal requests through unofficial channels such as phone, text messages or emails to avoid fraud.
Project dynamics:
EigenLayer plans to open token claims on May 10, and 15% of the supply will be distributed as staking airdrops
According to The Block, EigenLayer plans to open token claims on May 10. EigenLayer calls the community airdrop a "stakedrop," and will issue 15% of the token supply to those who use the platform to stake. Season 1 will issue 5% of the token supply to users based on a snapshot of staking activity on March 15, 2024. In the first season distribution, 90% of the tokens will be claimed by eligible re-staking participants on May 10 (with a claim period of 120 days), and the final 10% will be claimed in the second phase of Season 1 a month later. Another 10% of the supply allocated to the community has been reserved for distribution in future season activities.
The newly established independent non-profit Eigen Foundation will be the entity that issues the tokens. The total supply of EIGEN tokens at the time of issuance is 1.67 billion. The foundation has allocated 45% of the tokens to its community, which is further divided into staking airdrops (15%), community initiatives (15%), and ecosystem development (15%). In addition, 29.5% of the tokens will be allocated to investors, while early contributors will receive 25.5%. The total lock-up period for investors and early contributors is three years, with a full lock-up in the first year and a gradual release of their total holdings at a rate of 4% per month over the next two years.
Taiko has launched the Hekla testnet that supports EIP-4844, and Katla will be deprecated on May 10
Ethereum Layer2 project Taiko announced that the Hekla testnet is now open to the public, supports EIP-4844 functions, and the mainnet will be launched soon. The new features of the testnet include: no longer needing archive L1 nodes, enabling EIP-4844DA blocks, adjusting L2 block gas issuance and upper limits, fine-tuning EIP1559 configurations, improving daemon proof infrastructure, and supporting two-step claiming of L2 to L1 bridge tokens. In addition, Hekla uses the same competition-based Rollup (BCR) mechanism as Katla. Taiko will be launched on the mainnet using the BCR architecture. Katla will be deprecated on May 10.
MerlinStarter Phase 1 MSTAR airdrop for NFT staking participants will end on May 10
MerlinStarter, the Launchpad platform of Merlin Ecosystem, announced that it will carry out the first phase of airdrop of its token MSTAR, distributing a total of 100 million tokens, accounting for 5% of the total supply. The airdrop will start at 20:00 today, using a 30-day linear release method.
The airdrop is divided into several parts: first, participants in the NFT staking event will share 20 million MSTAR (2% of the total supply) from April 11 to May 10, with 666,666 distributed daily; second, 3% will be distributed to loyal users of the MerlinStarter community, including addresses holding the same NFT in two NFT snapshots, and Star points holders. In addition, some users who participated in the first ID0 project (MP) on the MerlinStarter platform will also receive a portion of the airdrop tokens.
Biconomy airdrops ARB to BICO stakers, claims close on May 10
Biconomy, a multi-chain infrastructure developer, announced that it will airdrop ARB tokens to BICO stakers, which is the first round of airdrop activities. The airdrop qualification query website is now open, and the claim period is from April 22 to May 10. According to the official description, the condition for obtaining the ARB airdrop is to stake at least 1,000 BICO or 190 BBPT, and the snapshot time is 0:00 on April 12. Users need to sign the "claim transaction", and although they will not receive ARB immediately, once the claim period ends, the official will automatically allocate ARB to the user's wallet on the Arbitrum chain.
May 11
Token unlocking:
Moonbeam (GLMR) will unlock approximately 3.04 million tokens at 8:00 am Beijing time on May 11, accounting for 0.35% of the circulation, worth approximately $930,000
May 12
Project dynamics:
Aethir announces the launch of the Aethir Cloud Drop event, which will last until May 12
Aethir, a decentralized cloud infrastructure (DCI), announced today the launch of the Aethir Cloud Drop event, which will last until May 12. This event aims to ensure the full decentralization of the Aethir ecosystem by distributing the upcoming $ATH token to community members. Ways to participate in the Aethir Cloud Drop include joining through the Aethir Cloud Drop platform, which provides a user-friendly and streamlined experience. Eligibility for the event is determined by a system of badges and tasks, and participants can qualify by purchasing Aethir Checker nodes, interacting on social media, taking quizzes, referring friends, and becoming part of specific NFT/token communities.
Specific time to be determined
Project dynamics:
Avail announces the end of the first phase of airdrop claims, and the second phase information will be announced next week
Polygon modular blockchain project Avail announced on Twitter that the first phase of its AVAIL token airdrop has ended and the official claim window has closed. The project is expected to announce relevant information about the second phase of claims next week, which will include details on expanding the scope of rewards and rewards provided to Polygon PoS validators and LST holders.
Masa will launch a new token staking program in cooperation with CoinList next week, with a staking period of up to 9 months
Decentralized AI data network Masa will launch a new MASA staking program in cooperation with CoinList next week, allowing users to choose to lock their MASA tokens for 3, 6 or 9 months and receive an annualized rate of return of 15%, 20% and up to 25% respectively. When the user confirms the staking choice, token rewards will begin to accumulate instantly. Any user can view their total staking balance at any time, track the number of tokens they will receive after expiration, and view the deadline for each staking cycle.
Backpack completes the third phase of the io.net airdrop snapshot and will release more details of the io.net airdrop next week
Crypto exchange Backpack announced on Twitter that it has successfully completed the third phase of the io.net airdrop snapshot. More details about the io.net airdrop will be released next week. Previously, Backpack had pointed out that the io.net airdrop snapshot was taken from 15:00 on April 23 to 15:00 on May 5.
