Crypto Guides, Knowledge & Insights

This Week’s Noteworthy Events(May 13,2024-May 19.2024)

OpenAI plans to announce its competitor to Google Search this Monday.　　OpenAI plans to announce its AI search product next Monday, intensifying its competition with the search giant Google. The announcement date has not been reported before and may be subject to change.　　Earlier reports from the media suggested that OpenAI is developing a search product that could compete with Google and well-funded AI search startup Perplexity.Binances Megadrop project, BounceBit (BB) trading, will go live today　　According to the official announcement, Binance has launched its first Megadrop project - BounceBit (BB), a BTC re-staking public chain. Users can participate in the BounceBit Megadrop starting from April 26th, 08:00:00 (UTC+8).　　Binance will list BounceBit (BB) on May 13th, 18:00 (UTC+8), and open BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY trading markets, applying seed label trading rules.MixMob: Racer 1 game will be released on May 14th on the Apple App Store and Google Play Store　　The Solana ecosystem gaming project MixMob has announced that its Race-to-Earn game MixMob: Racer 1 will be released on May 14th on the Apple App Store and Google Play Store.　　This free game supports the use of MixMobs MXM token, allowing players to stake tokens in “Turbo Arenas” to participate in governance and earn

2024-05-13Deep Dive

$200 USDT WikiBit x Spotlight Kicksstart Giveaway

We are delighted to announce an exciting collaboration with Spotlight. Spotlight is renowned for its onchain playground that fosters attention towards emerging cultures through gamification. With a shared vision of promoting creativity, expression, and decentralized identity, we are thrilled to bring you a special event that combines the strengths of both platforms.　　Whether youre a seasoned blockchain enthusiast or simply intrigued by the ever-evolving world of emerging culture, this event offers something for everyone. Plus, we have prepared generous rewards for participants!　　Event Duration:　　2024-05-10 21:00 ~ 2024-05-17 21:00 (UTC+8)　　Prize:　　200 USDT Prize Pool　　10 Winners x 20 USDT　　Click the link below to join the event:　　https://soquest.xyz/space/0xspotlight/campaign/soFuYjnBfQ　　What is Spotlight　　An onchain playground cultivating attention around emerging culture through gamification, ushering creativity, expression, and decentralized identity from gaming culture outward.　　Official Links　　Website: https://www.0xspotlight.com　　Twitter: https://twitter.com/0xSpotlight　　Substack: https://substack.com/@spotlightlabs　　Discord:https://discord.gg/0xspotlight

2024-05-11Deep Dive

WikiBit Supervisors Gathering Event Has Reached Millions of Users, Sparking Global Discussions!

To continuously optimize the outstanding user experience and service quality, WikiBit launched the “Global Supervisors Gathering” event on April 26th, with a commitment of $5,000 as incentives. This event sincerely invites global users to participate together in the comprehensive and all-round supervision and feedback of WikiBits content. Once the submitted opinions are reviewed and approved, users can receive generous rewards, with a maximum reward of $15 for a single submission!　　The event has reached over 956,000 people just one week since its launch, successfully attracting 89,768 users to participate in discussions. WikiBit has received enthusiastic responses and active submissions from over a thousand users from more than 20 countries and regions worldwide. Among them, Mr. Koryc Mark from Nigeria was honored with the title of Global Star Supervisor with an impressive 15 submissions!　　WikiBit has rigorously reviewed and carefully considered all user feedback and contributions. To show our recognition and gratitude for user contributions, we have established different levels of rewards. For submitted and accepted feedback and suggestions, corresponding rewards will be given (details can be found in the official reward announcement). Some submissions focused on functional suggestions and product experience feedback, which were considered off-topic for the event but still contained

2024-05-11Deep Dive

What Draws Pantera Capital to Make TON Its Largest Investment Project?

Pantera Capital is a cryptocurrency and blockchain asset management company headquartered in San Francisco, established in 2013. They specialize in managing and investing in digital assets, including Bitcoin, other cryptocurrencies, and projects related to blockchain technology. Pantera Capitals investments span multiple areas, including digital payments, decentralized finance, smart contracts, and blockchain infrastructure.　　According to The Blocks April report, Pantera manages $5.2 billion in assets through three fund strategies and plans to raise $1 billion for its new cryptocurrency fund, Fund V. Publicly available information shows that Pantera Capital has invested in a total of 193 projects, with 80 of them being lead investments. Their investment focus primarily revolves around infrastructure and DeFi, accounting for over 50% of their portfolio.　　In the latest edition of the Blockchain Letter, Pantera Capital partner Ryan Barney mentioned that TON is their largest investment ever. Lets explore why Pantera Capital is heavily invested in TON. The following points summarize Pantera Capitals expressed views in the article.Backed by Telegram with a potential 900 million monthly active users　　TON is a Layer 1 network originally designed by Telegram and continued by the open-source community. Pantera Capital believes TON has the potential to introduce cryptocurrency to the masses, given its widespread

2024-05-10Deep Dive

Donald Trump says he'll accept crypto for campaign donations

Former U.S. President Donald Trump said today that hell ensure cryptocurrency can be used for his campaign donations.　　In multiple video clips uploaded to X by Frank Degods, a non-fungible token creator and influencer, Trump appeared to tell a group of buyers of his NFTs that he intends to accept campaign donations in crypto.　　“If you can‘t, I’ll make sure you can,” Trump said. “Can we donate to the Trump campaign using crypto？ I believe the answer is yes.”　　Trump also told the crowd that President Joe Biden “doesnt even know” what cryptocurrency is. “If you like crypto in any form, and it comes in a lot of different forms, if you are in favor of crypto, you better vote for Trump,” he added.　　Trump appeared to have made the remarks at a gathering he organized to meet and dine with buyers of his “Mugshot Edition” NFTs on his day off from trial. Those invited to the dinner individually purchased more than 47 NFTs, each priced at $99, Axios reported, citing a copy of the dinner invitation.　　“We did it when NFTs were not hot. We made NFTs hot again,” Trump added.　　In response to a question about whether he would keep crypto businesses in the

2024-05-09Deep Dive

FTX Restructuring Plan Revealed: FTX Creditors to Receive Full Compensation Plus Profits?

On May 8th, FTX (FTX Trading Ltd.) and its affiliated debtors submitted a restructuring plan and disclosure statement to the United States Bankruptcy Court for the District of Delaware, revealing the distribution plan for global customers and other creditors. The plan is expected to centrally distribute almost all assets held by FTX at the time of its bankruptcy in November 2022 to global customers and other creditors.Creditors Expected to Receive 118% Approved Bond Compensation　　FTX and its affiliated debtors submitted a revised version of the restructuring plan and disclosure statement to the United States Bankruptcy Court for the District of Delaware on Tuesday. It is anticipated that the total value of assets collected, converted into cash, and available for distribution will range between $14.5 billion and $16.3 billion. This amount includes assets controlled by Chapter 11 debtors and assets controlled by the joint official liquidators of FTX Digital Markets, Ltd. (Bahamas), the Securities Commission of the Bahamas, and the joint official liquidators of FTX Australia.　　Reportedly, FTX owes approximately $11 billion to customers and other non-government creditors. The additional cash will be used to pay interest to over 2 million customers of the company. According to the documents, 98% of FTX creditors

2024-05-09Deep Dive

Friend.Tech's V2 Release: Can it Reignite the SocialFi Craze?

Friend.Tech is one of the most successful Dapps in the SocialFi space, boasting exceptional data in terms of user count, protocol revenue, and net deposit volume. However, following a period of FOMO sentiment, Friend.Techs TVL plummeted from a peak of $50 million to less than $15 million. Previously, we provided an analysis of Friend.Techs V1 version, which you can read here: https://www.wikibit.com/en/202308227164279567.html　　In summary, the V1 version of Friend.Tech utilized a mechanism that allocated high commissions to Key Opinion Leaders (KOLs) to attract a large number of users leveraging their influence. However, as the price of Key community shares increased with the addition of more Keys, the phenomenon known as “latercomers cost” escalated, causing anxiety among users and attracting indecisive users. Lastly, airdrop opportunities were utilized to reduce the perceived cost for users.　　So, what changes does the V2 version bring？ And what is the utility of the platform token $FRIEND distributed alongside the V2 release？New Feature: Clubs　　Clubs is one of the major new features introduced in FT V2.　　Anyone can create a new club. Clubs are defined as “group spaces” owned and managed by key holders; however, it is unclear how they will be used in the future.　　How Clubs work:　　Key holders vote

2024-05-08Deep Dive

WikiBit & GameX Early Supporter Giveaway

Dear everyone! Welcome to GameXs Taskon Community. We are so excited to have our own space here, and now our Early Supporter Giveaway is coming!　　The prize pool:　　-200 Exclusive Early Supporter OATs　　-$100 USDT - Distribute 5 USDT each to 20 Lucky Early Supporter OAT Holders　　Get your Early Supporter OAT and unlock exclusive benefits as a tribute to our valued supporters:　　-Priority access to new features and games.　　-Early Supporter Status - Own a piece of the future.　　-Priority receiving of future TOKEN AIRDROP.　　Complete the tasks and claim the Early Supporter Badge as proof!　　Complete the task: https://taskon.xyz/campaign/preview/602778483　　About GameX　　GameX is an innovative GameFi project aimed at seamlessly integrating gaming with the blockchain. We are dedicated to building a brand new gaming experience that allows players to fully unleash the potential of their digital assets. GameX is not just a gaming platform but an ecosystem that integrates DeFi, NFTfi, Memefi, BRCfi, Ordinals, and Rune into one.　　In GameX, players can experience an unprecedented gaming ecosystem with more autonomy and flexibility. Our platform will provide gamers with a brand new digital gaming universe where they can explore, create, and trade freely. Join GameX to unlock the infinite potential of your NFT assets and experience a whole new dimension of

2024-05-07Deep Dive

This Week's Noteworthy Events（May 6, 2024——May 12, 2024）

ZeroLend: ZERO TGE to Start on May 6th, with 15%-17% of Total Supply Allocated for Airdrops　　The multi-chain lending protocol, ZeroLend, announced on the X platform that the ZERO Token Generation Event (TGE) will commence on May 6th. Of the total token supply, 15%-17% will be allocated for airdrops, with 5% distributed through the Zero Gravity program and 10-12% through earlyZERO distribution (exchangeable at a 1:1 ratio with ZERO).　　Additionally, ZeroLend will launch its governance mechanism on Linea this Monday (May 6th) at 16:00.　　In previous announcements, ZeroLend disclosed its ZERO token economics, with a maximum supply of 100 billion tokens and an initial circulating supply of 25 billion tokens (25%).　　35% of the total supply will be allocated for private sales, 18% for airdrops, 10% for liquidity, 20% for reserved releases to stimulate growth (vested over 1200 months), 5% to the treasury, 7% to advisors, and 5% to the team.Mode to Release Governance Token MODE and Open Airdrop Claims on May 7th　　According to official sources, Mode, a Layer 2 network built on the OP Stack, announced the release of its governance token MODE on May 7th, with a total supply of 10 billion tokens (initial circulating supply of 1.3 billion tokens). 5.5% will

2024-05-06Deep Dive

LayerZero Launches Largest-Scale "Witch Hunt" Operation

On May 2nd, the cross-chain interoperability protocol LayerZero officially announced that the first snapshot (Snapshot #1) had been completed, with further information set to be revealed soon. Being one of the most anticipated potential airdrop projects in the community, this brief announcement from LayerZero was interpreted by the community as a signal that “the big one is coming” now that the airdrop snapshot had been completed.　　On May 3rd, LayerZeros official account once again teased an important announcement to be made later that evening, stating it would “demonstrate continued trust in community members.” However, just as the community speculated whether LayerZero was about to unveil detailed airdrop rules, the actual announcement delivered a heavy blow to all users — tokens were indeed going to be distributed, but only after multiple rounds of witch hunt activities.The Rules of the Witch Hunt Operation　　The witch hunt activity this time will be divided into three rounds.　　The first round is the “self-disclosure” phase, which will last for 14 days. Users who suspect themselves of being witches can voluntarily disclose during this phase throgh the window provided by LayerZero to retain 15% of the airdrop allocation.　　To facilitate self-disclosure, LayerZero also thoughtfully provides an API tool for mass

2024-05-05Deep Dive

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