How We Evaluate Tokens

🎣 w3.catch-of-the-week cw43

Vicktoria Klich
October 25, 2024

GMGM and welcome to the 🎣 w3.catch-of-the-week the newsletter that flips through reports for you, scouts events, scrolls Twitter, makes you smile and keeps you up to date on all things Web3 in a matter of seconds.

Yes, we still work ourselves and do not use an AI agent for our newsletter.

Am I the only one noticing how more and more people who left us 2 years ago to jump on the AI bandwagon are coming back to crypto? 🤔

✅ Plan your weeks with us
🔥 Big AI x Crypto Use Case
💡 Investor Perspective on Tokens
🤝 Join w3.group as Event Manager
🤑 This revenue is crazy
✨ Web3 by Night
👀 What is Apechain?

Do yourself a favor and plan your next few weeks with us, as always, the finest events are coming up at w3.hub.

🎃 Bitpanda x w3.pizza - 31. October, starting at 6:30pm

🥃 Web3 by Night with Jägermeister - 08. November, starting at 6:30pm

🫡 Berlin Bootcamp by TON Society - this weekend :)

🫂 Open Co-Working - 28. October, starting at 9:30am

🥂 Ledger Anniversary Party - 07. November, starting at 7pm

💪 Onchain Growth Club Meetup - 29. October, starting at 6pm

😈 Blockdaemon, Bitbond, & BISON, 14. November, starting at 5pm

New Blockchain x AI Use Case

Chainlink, Euroclear, Swift & six major institutions launched an initiative to improve corporate actions processing using AI, oracles, and blockchains.

Problem: There isn’t a single source of truth around corporate actions events.
Solution: Use AI + oracles to create a unified golden record of structured data.
Outcome: Solve a decades-long data challenge in finance.
— Chainlink (@chainlink)
4:37 PM • Oct 23, 2024

The project aims to create a new system for sourcing and distributing corporate actions data.

Challenges with Corporate Actions today:

No standard way for companies to announce events
No single trusted data source
Processing details vary by market or financial product
No guarantee that shared information is correct

New Approach:

Capture unstructured corporate action data at the source
Automatically process it into a standard format
Create shared data containers that update dynamically

Investing in Tokens - The Investor Perspective

We asked our investment analyst Nils: “How do you recognize a good token?”

Here's how our investment analyst values tokens
— w3.hub (@w3_hub)
9:55 AM • Oct 24, 2024

Are you also interested in the listing of tokens, tokenomics and token investments?

Then we would like to invite you to the Bitpanda x w3pizza event on October 31 🎃, where everything will revolve around tokens.

Expect an interactive whiteboard, interesting speakers and most importantly great community vibes 💕.

Become our Event Manager

We are looking for an experienced Event Manager for our thriving w3-ecosystem.

In this pivotal role, you will plan and execute events, manage the entire event lifecycle and drive community engagement.

We offer an innovative work environment, career opportunities and direct impact on the growth of the Web3 community.

Are you the one?

The Most Hated/Loved Platform in Crypto

I know many of you are fed up with memecoins, but today it's not about that, it's about the platform that makes it all possible.

Because are you aware of how much revenue pump.fun is currently generating?

Let me give it away: We're looking at over $140 million in cumulative revenue from January 2024 to now.

🤓 For all those who don't know exactly what it is:

Pump.Fun is a kind of Memecoin Launchpad. It let’s you create a memecoin within a minute.

When a token reaches a market capitalization of $69,000 on pump.fun, the token is automatically migrated with liquidity to the decentralized exchange Raydium (Solana DEX).

How many make it tho? 🚀

The average graduation rate is 1.62%, i.e. the rate of tokens that exceed the 69k mark and get listed on Raydium.

Where does the money come from?

Pump.fun takes a 1% fee on all trades on its platform plus a 1.5 SOL (approx. $250) bonus per token that makes it onto Raydium.

In total, more than 2.6 million tokens have already been created 🤯.

🎥 Video dot Fun

They’ve introduced a new feature this week to keep the fun going: Tokenization of videos.

you can now tokenize videos on pump fun 📹
upload your vid, choose a thumbnail, and make your coin stand out: everyone on the main page will see it 🫨
what will you create?
— pump.fun (@pumpdotfun)
5:46 PM • Oct 22, 2024

Web3 by Night

It’s party time: 8th of November

We got some cool drinks and hot topics lined up for our next w3.pizza event hosted by Jägermeister.

Jägermeister will be joined by key partners from their network, including SafeNow, Jägermeister Save the Night, Woov, INXSPACE, XCEED and BLESSED.

We have two panel highlights, discussing the pros and cons of virtual vs physical experiences such as the future of ticketing and fan engagement.

Whether you come for the drinks, the discussions, your friends or for the DJ, we look forward to seeing you!

Yuga Labs is back?

The team behind the Bored Apes are back with their freshly launched Layer 3 Blockchain Apechain. It was unveiled at Apefest in Lisbon and immediately caused a stir with its new platform Top Trader.

ApeCoin is used as the native gas token and has risen by over 100% since the announcement. Within 24 hours of the launch, 98k new, unique addresses were recorded on the Apechain.

What is Top Trader?

Top Trader is a cryptocurrency trading simulator on the ApeChain blockchain. It allows users to practice trading without using real money.

Here's how it works:

Top Trader is a fully on-chain game where players trade real crypto tokens with high leverage. There is a daily tournament in which the best players win $APE tokens.

Congrats @boredyachttoken for winning the first daily tournament of Top Trader.
To the rest of you: Get good.
Next tournament starts at 3pm EST.
— Top Trader (@Toptrader_xyz)
5:10 PM • Oct 21, 2024

To play, you need to fund your wallet with $APE.
The buy-in is 10 $APE, for which you receive 10,000 USDN, the in-game currency.
With USDN, you can create trades with up to 1000x leverage. Be cautious, as high leverage is risky.
The more you (fictitiously) earn through trading, the higher you rise on the leaderboard.
If your trade is liquidated, which is very likely with such high leverage, you can continue playing by buying in again.
At the end of each tournament, prizes are distributed as follows:
- 1st place: 50% of the prize pool
- 2nd place: 6% of the prize pool
- 3rd place: 4% of the prize pool
- 4th place: 3% of the prize pool
- 5th place: 2% of the prize pool

Bigger Picture: Layer 3

ApeChain is specifically built on Arbitrum's Orbit technology.

Here's why it's cool:

Customization: ApeChain can be tailored for specific uses, like gaming or social media.
Scalability: It can handle more transactions faster and cheaper than Layer 1 or 2.
Interoperability: ApeChain can easily communicate with other blockchains.
Security: It benefits from the security of both Arbitrum (Layer 2) and Ethereum (Layer 1).
User experience: It offers faster transactions and lower fees for users.
Developer-friendly: It allows for more flexibility in creating decentralized applications.

If you want to go into more technical detail, click here.