Bitcoin's price fell on Monday, extending a deep decline from last week as concerns over U.S.
interest rates and anticipation of key inflation data left traders largely biased against the dollar.
The broader cryptocurrency's price was also down by a strong dollar, as the greenback neared a two-month high following strong U.S. buying manager index data.
Bitcoin Bitcoin fell 2.4% in the last 24 hours to $62,850.7 at 12.05 Western Indonesia Time. #BTC
Solana's Drift DAO Introduces Governance Token, Here's Everything
The Drift DAO Foundation has unveiled plans for the introduction of the DRIFT governance token, marking a significant milestone in advancing a fully community-driven protocol. This move aims to empower users and contributors to actively shape the future trajectory of the Drift ecosystem through decentralized decision-making processes.
Drift DAO Launches Native Token The DRIFT governance token is poised to play a pivotal role in empowering the Drift community, granting users tangible ownership of the protocol and a significant voice in its development. Moreover, the Drift DAO Foundation aims at encouraging a collective and inclusive approach to decision-making. In addition, Drift seeks to ensure sustainable growth while decentralizing power across the ecosystem.
With a total supply of 1 billion DRIFT governance tokens, distribution over five years prioritizes community involvement, ecosystem development, and strategic partnerships. Notably, a launch airdrop reserves 10% of tokens for existing Drift users, recognizing their contributions to the platform’s growth. Token emissions will follow a five-year schedule, ensuring gradual distribution and alignment with ecosystem growth objectives. Moreover, following the latest announcement, anticipation mounts for the launch airdrop. Hence, eligible users can expect a forthcoming blog post outlining eligibility criteria and a designated claim period to secure their DRIFT governance tokens. Amidst the excitement, caution is advised to guard against potential scams or illegitimate activities. Moreover, the Foundation emphasized vigilance and transparency, urging community members to refrain from sharing personal information or private keys. $DRIFT
Although no estimated allocation or launch date has been announced, Barwikowski insists that the launch of the PIXEL token is very close. The PIXEL token is expected to become an important part of the Pixels gaming ecosystem, by adding more play-to-earn mechanics over time.
Especially after the launch of "Chapter 2" of the game. Pixels had switched from the Polygon network to Ronin on October 31, resulting in a significant increase in the number of users.
The latest data shows that Ronin has nearly 180,000 daily active players, a huge spike from about 20,000 daily players before the Pixels migration. This signifies the great potential of the PIXEL token in the crypto gaming ecosystem. #Write2Earn $pixel