SVM
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1. SatoshiVM's SAVM token faced controversy just days after its highly anticipated launch on January 19.
2. The protocol, featuring a Bitcoin layer 2 framework and zero-knowledge roll-up technology, quickly soared to a $90 million market capitalization.
3. Concerns emerged regarding the distribution of the initial token supply, with reports suggesting that 15% went to a few wallets allegedly owned by influential market players.
4. Recipients of these tokens were accused of swiftly dumping their allocations on the market, leading to skepticism and backlash.
5. On-chain analysis tools highlighted the swift selling by prominent investors who participated in SatoshiVM's private sale.
6. @Lookonchain's analysis revealed a wallet linked to the SatoshiVM team receiving over $4 million worth of SAVM tokens after the launch, with $1.2 million reportedly sold within the initial 48 hours.
7. Despite allegations, SatoshiVM refuted all accusations and plans to address concerns directly through a community ask-me-anything session.
8. SAVM tokens have demonstrated resilience, maintaining a price range between $7 and $14 since January 19.
9. The token is currently priced at $8.03, reflecting a 32.55% decrease in the last 24 hours.
10. The controversy has raised questions about transparency and fair distribution in the crypto space, emphasizing the importance of clear communication and ethical actions by crypto projects to gain and retain people's trust.
#SatoshiVM #SVM #ALT #BTC
2. The protocol, featuring a Bitcoin layer 2 framework and zero-knowledge roll-up technology, quickly soared to a $90 million market capitalization.
3. Concerns emerged regarding the distribution of the initial token supply, with reports suggesting that 15% went to a few wallets allegedly owned by influential market players.
4. Recipients of these tokens were accused of swiftly dumping their allocations on the market, leading to skepticism and backlash.
5. On-chain analysis tools highlighted the swift selling by prominent investors who participated in SatoshiVM's private sale.
6. @Lookonchain's analysis revealed a wallet linked to the SatoshiVM team receiving over $4 million worth of SAVM tokens after the launch, with $1.2 million reportedly sold within the initial 48 hours.
7. Despite allegations, SatoshiVM refuted all accusations and plans to address concerns directly through a community ask-me-anything session.
8. SAVM tokens have demonstrated resilience, maintaining a price range between $7 and $14 since January 19.
9. The token is currently priced at $8.03, reflecting a 32.55% decrease in the last 24 hours.
10. The controversy has raised questions about transparency and fair distribution in the crypto space, emphasizing the importance of clear communication and ethical actions by crypto projects to gain and retain people's trust.
#SatoshiVM #SVM #ALT #BTC
Squads Labs Secures $10 Million in Series A Funding to Revolutionize Onchain Asset Management
San Francisco-based Squads Labs has announced a successful $10 million Series A funding round, spearheaded by Electric Capital and joined by notable investors such as RockawayX, Coinbase Ventures, L1 Digital, Placeholder, and Mert Mumtaz. The startup plans to utilize this investment to further its mission of simplifying and securing onchain transactions and asset management through its innovative smart account technology.
Since its inception in 2021, Squads Labs has evolved from serving decentralized organizations to providing solutions for traditional enterprises as well, recognizing the growing importance of onchain operations across various sectors.
A Suite of Cutting-Edge Solutions
The company has developed a suite of products designed to streamline and secure onchain processes:
Squads Protocol: A robust smart account standard for Solana and SVM, currently safeguarding over $10 billion in assets.Squads App: A trusted platform used by over 250 teams to manage a wide range of onchain assets, including treasuries, program upgrade authorities, and tokens.Fuse: A user-friendly smart wallet for individuals, focusing on eliminating seed phrases and enhancing security through wallet recovery and two-factor authentication. Fuse is currently in public beta testing for iOS.
Looking Ahead
With the new funding, Squads Labs aims to:
Fortify the security and functionality of the Squads Protocol.Enhance the Squads App for a seamless user experience.Prepare for the full launch of Fuse to empower individuals to manage their digital wealth securely.Develop a comprehensive developer toolkit for SVM smart accounts.
Join the Movement
Squads Labs welcomes individuals and teams to be part of their journey:
Individuals: Download Fuse and join the Telegram group for updates.Teams on Solana: Create an account on the Squads App.Talent: If you're passionate about onchain innovation, reach out to the team.
Stay connected with Squads Labs as they continue to pioneer advancements in the onchain landscape.
#SquadsLabs #ElectricCapital #SquadsProtocol #Funding #SVM
Since its inception in 2021, Squads Labs has evolved from serving decentralized organizations to providing solutions for traditional enterprises as well, recognizing the growing importance of onchain operations across various sectors.
A Suite of Cutting-Edge Solutions
The company has developed a suite of products designed to streamline and secure onchain processes:
Squads Protocol: A robust smart account standard for Solana and SVM, currently safeguarding over $10 billion in assets.Squads App: A trusted platform used by over 250 teams to manage a wide range of onchain assets, including treasuries, program upgrade authorities, and tokens.Fuse: A user-friendly smart wallet for individuals, focusing on eliminating seed phrases and enhancing security through wallet recovery and two-factor authentication. Fuse is currently in public beta testing for iOS.
Looking Ahead
With the new funding, Squads Labs aims to:
Fortify the security and functionality of the Squads Protocol.Enhance the Squads App for a seamless user experience.Prepare for the full launch of Fuse to empower individuals to manage their digital wealth securely.Develop a comprehensive developer toolkit for SVM smart accounts.
Join the Movement
Squads Labs welcomes individuals and teams to be part of their journey:
Individuals: Download Fuse and join the Telegram group for updates.Teams on Solana: Create an account on the Squads App.Talent: If you're passionate about onchain innovation, reach out to the team.
Stay connected with Squads Labs as they continue to pioneer advancements in the onchain landscape.
#SquadsLabs #ElectricCapital #SquadsProtocol #Funding #SVM
deBridge deploys on Neon EVM Mainnet to enhance rapid cross-chain transfers.
#deBridge, a cross-chain interoperability and liquidity transfer protocol, launches its cross-chain asset transfer service, deBridge IaaS, on the #NeonEVM mainnet. This new service is designed to enable Neon EVM developers to add new cross-chain functionality to their dApps. With both #EVM and #SVM blockchain interoperability, deBridge IaaS allows for seamless native asset transfers between chains.
👉 neonevm.org/blog/deBridge_is_Live_on_Neon_EVM
#deBridge, a cross-chain interoperability and liquidity transfer protocol, launches its cross-chain asset transfer service, deBridge IaaS, on the #NeonEVM mainnet. This new service is designed to enable Neon EVM developers to add new cross-chain functionality to their dApps. With both #EVM and #SVM blockchain interoperability, deBridge IaaS allows for seamless native asset transfers between chains.
👉 neonevm.org/blog/deBridge_is_Live_on_Neon_EVM
