New projects are constantly emerging in the world of cryptocurrencies, and the key event for any beginner blockchain project is the generation of tokens (TGE)
During the TGE, the crypto project creates tokens and distributes them to investors and users. This step is the next step after attracting investment and product development. We tell you which tokens attracted the attention of the crypto community this week.
Tokens worth paying attention to this week
After TGE, tokens become available for trading or use in the project ecosystem. A successful TGE can significantly increase the interest and liquidity of the project, determining its further growth.
For investors, this is a chance to purchase coins at an early stage, often at lower prices. Here are the projects releasing tokens this week.
Bitfinity (BTF)
Bitfinity is a second—tier network for the Bitcoin ecosystem, created on the basis of the Internet Computer Protocol (ICP) using the Ethereum Virtual Machine (EVM). In the latest round of financing, the project raised $130 million from companies such as Polychain Capital and ParaFi Capital.
Zyfi (ZFI)
Zyfi is a payment service with convenient integration. In the last round, the project received $2 million in financing, and its estimated cost rose to $20 million. The TGE of the ZFI token will be held on November 19 with the support of PancakeSwap. The exact time and exchange will be announced later.
MicroGPT (MICRO)
This is an artificial intelligence platform. It offers developers AI-based tools that will help improve development efficiency. MicroGPT is designed to optimize and democratize software development.
It is not yet known how much funds the project has managed to raise, but TGE will take place on November 20 at 19:00 UTC (22:00 Moscow time), and the MICRO token will appear on exchanges Gate.io and MEXC. In the last round of financing, the estimated cost of the project reached $3.5 million.
Ponder (PNDR)
Ponder is an AI engine for comparing web3 trends. It is powered by EigenLayer and offers a fully integrated tool for comparing cryptocurrency transactions.
The project attracted private financing in the amount of $1.1 million, and its estimated cost in the last round reached $10 million. The listing will take place on the KuCoin crypto exchange at a price of $0.10, and TGE is scheduled for November 20.
MemeFi (MEMEFI)
This is a web3 game combining PvP and PvE gameplay. The amount of private financing remains unknown, but the project reached an estimate of $125 million in the previous round. Exchanges for listing include OKX, Bitget, Bybit and Gate.io , and TGE is scheduled for November 22 at 13:00 UTC (16:00 Moscow time).
The TGE of these projects opens up interesting opportunities and helps to attract liquidity to the market. However, it is important for investors to conduct their own research.