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Introducing IntentX’s tokenomics, an important part of every project. In the overly incentivized landscape of DeFi, IntentX’s tokenomics distinguish themselves with a thoughtfully crafted approach that ensures sustainability while rewarding active participation. This article offers an in-depth look at the tokenomics of IntentX, exploring the principles, mechanisms, and strategic initiatives embedded in its design, all collaborating to maximize value capture. Introduction to $INTX $INTX, the utility token of IntentX, serves as the backbone of the platform, designed to capture value and align stakeholders’ interests. It is a non-inflationary token with a maximum supply capped at 100,000,000 tokens. The Role of $INTX in the IntentX Ecosystem Being non-inflationary, $INTX is designed to be valuable and scarce, ensuring its status as a highly sought-after asset within and beyond the IntentX ecosystem. This strategic design positions $INTX as a crucial means of earning “real...

Subquery partners with Energy Web to bring fast and reliable Data Indexing. SubQuery proudly declares its support for Energy Web, an open-source platform dedicated to advancing the decarbonization of the energy industry. The SubQuery Network now backs Energy Web’s EVM, Polkadot parachain – EWC (EVM), and EWX (Parachain). SubQuery’s indexing Features empower Energy Web developers to effectively handle and search on-chain data, speeding up development processes and aiding quick prototyping, ultimately supporting the goal of bringing new users onboard to the Energy Web stack. Developers working on Energy Web can utilize SubQuery’s flexible, fast, open, and decentralized data indexing solution. This provides developers with essential resources to effectively handle and retrieve on-chain data for various applications. SubQuery streamlines complex backend operations by offering developers a customized API. This allows them to concentrate on enhancing product development and...

Introducing Blast ecosystem fund which is now live. Being the most technologically advanced API platform in the Web3 space, Blast stands out as the sole decentralized API platform that can effectively rival traditional and centralized API providers in terms of both performance and reliability. Given the impressive traction achieved in the initial seven months of 2023, the team at Bware Labs has decided to allocate a portion of the platform’s revenue to establish an eco system fund. This fund aims to further enhance the capabilities of the Blast protocol. Amidst the quieter backdrop of the current bear market, Web3 technology is rapidly advancing, leading to more complex blockchain products. Projects are in constant search of enhanced infrastructure solutions to accelerate their growth and manage expenses efficiently. In this context, Blast is distinctly emerging as a favored choice. Boasting response times that are, on average, 2.5 times faster and costs that are 50% lower than is lar...

Cega debuts on Arbitrum . This expansion strengthens Cega’s position in the cutting-edge DeFi area by bringing their distinctive structured investments solution to the increasing Arbitrum community. Using Cega’s new strategic option structures, Arbitrum users may now create safer, higher yields on their USDC assets. The Co-founder and CEO of Cega has the following to say: “Our expansion into the growing Arbitrum ecosystem signifies a proud step forward for Cega in the DeFi ecosystem. Arbitrum’s strong DeFi community fosters a favorable environment for Cega to enter and bring foundational options capabilities as well as cutting-edge derivatives primitives. Cega’s products will help users on Arbitrum gain access to a new kind of return with a strong reward. We’re looking forward to providing Arbitrum users with access to safer, structured investments.” — Arisa Toyosaki, Co-founder and CEO of Cega. In celebration of Cega’s Arbitrum launch, they’re also introducing...

Polygon Labs has recently launched its zkEVM Mainnet Beta in its first step to exponentially improve the scalability and finality of Ethereum with an EVM equivalent Layer 2 ZK scaling solution. As an essential and notable piece of DeFi infrastructure, Balancer is deploying its technology onto the network to bootstrap liquidity growth and accelerate development across the ecosystem. Ethereum L2 scaling solutions Providing the web3 world with a decentralized computational network, Ethereum has seen a rapid increase in network activity and development throughout the past few years. As growth inevitably continues, ensuring transaction costs and finality stay optimized without faulting on security and decentralization has proven to be a focal point for the next stage of Ethereum’s development. Layer 2 solutions are designed to help solve this scalability dilemma by batching and processing computational transactions on a separate layer and submitting the compressed rollup as one single tra...

Shield Protocol Partnership with Nautilus, any online website which provides 2FA security, you will be able to easily backup your 2FA codes on the Nautilus. Shield Protocol App is the First 2FA on the blockchain which provides the facility to backup 2FA (Two Factor Authentication) accounts on Multi Blockchain, replacing the use of centralised servers like Amazon, Microsoft Azure, Google, etc. Shield Protocol App is compatible with Binance, Twitter, Facebook, Gmail, Amazon and all websites which provide 2FA security. As Shield Protocol announced their Partnership with Nautilus. The Partnership Shield Protocol and Nautilus Blockchain partnership will bring First 2FA on Nautilus blockchain which will facilitate Nautilus users and holders to backup their 2FA accounts on Nautilus Mainnet. If you have 2FA activated on Binance, Twitter, Facebook, Gmail or any online website which provides 2FA security, you will be able to easily backup your 2FA codes on Nautilus chain. Also, 2FA integration ...

Orbs integrates with Alphaday a popular web3 dashboard for all related happenings in the broader ecosystem. Alphaday has received a grant from the Orbs Ecosystem Grant Program, designed to support founders launching the next wave of DeFi innovation whilst adhering to decentralized principles. Alphaday provides a sleek, modular user interface to follow your favorite projects, stay up to date with the latest narratives, and use your favorite dApps. They manage this all under one roof that allows web3 login. The founders include former Consensys members, Kyber Network, and DeFi Dude, a previous Aave contributor. In addition, Alphaday has integrated the Orbs protocol, creating a dashboard for all related project happenings. Orbs joins the website’s front page alongside key ecosystem protocols including Avalanche, Arbitrum, Verasity, and more. Diving deeper into the dashboard, the Orbs board contains an RSS feed for the Orbs blog, news surrounding the project, current market price, You...

NEAR Foundation has chosen to bolster its multi-chain interoperability by integrating with Wormhole , harnessing the power of cutting-edge Zero-Knowledge (ZK) light clients.  This strategic move revolutionizes secure Web3 application communication , unlocking vast potential across diverse sectors including DeFi, NFTs, and governance. The integration represents a tangible stride towards a less abstract and more interconnected, trustless Web3. By incorporating Wormhole’s technology, NEAR Foundation envisions a practical shift where cross-chain transactions become efficient, secure, and user-friendly. In this integration, Wormhole’s role is vital, employing its advanced technology to connect the NEAR ecosystem with over 20 other high-value blockchain networks. The integration enables synergy of Wormhole Connect’s technology with NEAR’s Blockchain Operating System (BOS) to enhance developer access to multiple chains and diverse liquidity. It will also serve to break down barriers for cas...

Flockx is thrilled to announce its partnership with Fetch.ai , a leading platform in the web3 world. This collaboration unlocks exciting possibilities within their ecosystem and paves the way for new and innovative Features . To kickstart this partnership, they’re proud to introduce their latest feature release: Fetch.ai wallet integration. Simply log in to the web app and visit your user profile page to connect your Fetch.ai wallet. This marks a significant milestone for flockx, as they take a significant step towards providing their users with the benefits of web3 technology. By integrating the Fetch.ai wallet, their users can now receive and store their digital collectibles and rewards in the form of NFTs (Non-Fungible Tokens). About Flockx Flockx is a mobile application and social platform that allows individuals, local businesses, and brands to engage with their communities. About Fetch.ai Fetch.ai is an open-access decentralized machine learning blockchain-based network tha...

Introducing 1inch Stablecoin which aims to build a free trade and economic interaction system powered by the next-generation blockchain technology. The 1inch platform will offer users the best swapping routes for trading stable tokens efficiently and freely.  Through decentralized self-governance, the issuance, circulation, and trading of 1IS will allow for the distribution of economic value in ways never seen before. The launch of the 1inch Stablecoin represents a significant step towards the mass adoption of cryptocurrencies. 1IS will facilitate a decentralized economy that allows everyone to buy, sell, and hold stablecoins without relying on any centralized service providers. Legislative power will be transferred from opaque centralized authorities to trustless and transparent codes. The rules and platforms will be entirely transparent and based on faithfully executed smart contracts. The technology is almost ready, and 1inch values its fantastic community input in this process. I...

Orange Comet , a Web3 firm pioneering next-generation gaming and entertainment experiences, has incorporated Chainlink Verifiable Random Function (VRF) on Ethereum to enable key initiatives for the Mayfair Witches NFT Collection. They chose Chainlink VRF because it’s based on cutting-edge academic research, supported by a time-tested oracle network, and secured through the generation and on-chain verification of cryptographic proofs that prove the integrity of each random number supplied to smart contracts. Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof. The Mayfair Witches NFT smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof. This provides their users with automated and verifiable assurances directly on-ch...

Subsquid integrates with Reef. Subsquid brings a reliable and amazing indexing solution to Reef Chain that will provide developers access to high-quality data, to help build faster and better dApps. In addition, Sub squid , the most developer-friendly way to build and deploy custom GraphQL APIs for blockchain use cases, will now be available for developers to build faster and better dApps on Reef Chain. Moreover, Subsquid, which was founded in late 2021, has developed Squids, a new standard for extracting and utilizing Web3 data. A Squid allows dApp developers to retrieve Web3 blockchain data in a fast, easy, reliable, and cost-effective way, and use it to build next-gen blockchain applications with advanced features like live data updates with GraphQL subscriptions. Reef Chain is a Layer-1 EVM (and soon Multi-VM) compatible blockchain, designed to make Web3 accessible to the next billion users. Additionally, Reef provides unparalleled speed, security, and scalability, all at extremely...