In the dynamic world of cryptocurrencies, developments are evolving rapidly and shaping the landscape of various projects. Today we are highlighting valuable updates from the Evmos Foundation, MANTA Network, imToken, WEMIX Foundation, Thetanuts Finance, Cosmos Hub and the Uniswap community.
There are critical developments for EVMOS and these 6 coins
EVMOS worth 7.6 million dollars was taken back
On January 9, reports reported a strategic move by the Evmos Foundation. The Foundation successfully repurchased 59.4 million EVMOS tokens from co-founder Akash Khosla for approximately $7.6 million. This buyback, for an undisclosed amount, aims to reorganize the token allocation for Evmos’ existing group and contributors. Second co-founder and director Federico Kunze Küllmer now leads the development of the project, following Khosla’s departure last year due to operational differences.
MANTA futures are listed on Aevo
Official news dated January 9 confirmed that MANTA futures, currently trading at $2.78, were listed on Aevo. This comes after Manta Network announced its Into the Blue airdrop plan on January 5, offering 50 million MANTA as rewards, accounting for 5% of the total supply. In particular, 30 million MANTA is allocated to supporters and users of the Manta ecosystem, encouraging community participation and participation.
Are you ready for @MantaNetwork 🔱?
Today we are excited to launch $MANTA Pre-Launch futures! Users can start trading $MANTA futures before the token officially launches, only on Aevo. https://t.co/4mQWzcvPVZ pic.twitter.com/Mr1i1RkWGc
See AlsoAltcoins: Was versteckt sich hinter dem Krypto-Begriff?This is what happens when bitcoin miners take over your town— Aevo (@aevoxyz) January 9, 2024
imToken applied to MAS
Responding to its inclusion on the investor warning list by the Monetary Authority of Singapore (MAS), imToken issued a statement on January 9. He explained that the decentralized wallet differs from classical financial services because it operates without central storage. imToken is actively collaborating with MAS to highlight these distinctions and aims to be removed from the investor strike list.
Response Regarding the Monetary Authority of Singapore (MAS) Listing imToken on the IAL
imToken is a non-custodial Web3 wallet providing decentralized wallet services to global users, including users in Singapore. As imToken is headquartered in Singapore and has not applied for…
— imToken – Crypto Wallet (@imTokenOfficial) January 9, 2024
WEMIX took action against inflation
On January 9, the WEMIX Foundation announced the termination of block minting rewards for WEMIX3.0 in order to address inflation concerns. The first quarter of this year will see significant changes and distributions, including the release of an updated whitepaper, a hard fork for WEMIX3.0, and the fixing of the total supply to a certain block height. Information regarding these changes will be published on data collection and trading platforms.
Thetanuts moves into phase two of v3 release
Thetanuts Finance announced the second phase of its v3 release incentive Alpha testing on January 9th. This stage, which introduces liquidity providers that can generate up to five income streams, builds on the success of the first stage, which received more than 70,000 applications. With approximately 75% of addresses whitelisted, the focus now shifts to improving the user experience and understanding of Thetanuts Finance v3.
1/ Kicking off Phase II of the v3 Incentivized Alpha
Today, we’re excited to kick off Phase II of the Thetanuts Finance v3 Incentivized Alpha – with Phase II focusing on introducing concepts for Liquidity Providers on Thetanuts Finance v3. pic.twitter.com/JTni9e4GhN
— Thetanuts Finance (@ThetanutsFi) January 9, 2024
Voting has started for the Cosmos Hub proposal
As of January 9, Cosmos Hub began voting on Proposition 868. The proposal aims to reduce the minimum inflation parameter from the current 7% to 0%. If approved, the inflation rate will gradually fall to 0% at an annual rate of 1% once the ATOM pledge reaches 67%.
1/ ⚛️ Cosmos Hub Gov ⚛️
Voting period is open for Prop #868
‘’Decrease InflationMin parameter to 0%’’
This prop aims to reduce the min inflation param from 7% to 0%.
If the proposal passes, once the 67% goal of bonded ATOM is reached, the inflation rate will trend towards 0% pic.twitter.com/xKwXooHGXF
— Cosmos Hub ⚛️ (@cosmoshub) January 9, 2024
Critical votes on Uniswap
The Uniswap community launched Snapshot voting on January 9 for a proposal that aims to reduce the governance proposal initiation threshold (PT) from 2.5 million UNI to 1 million UNI. This reduction is expected to facilitate more active participation in DAO offerings. The vote, which is scheduled to end on January 15, currently has a 100% approval rating.
