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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...

Flare partners with Kinetic, revolutionizing DeFi lending/borrowing on blockchain. Users benefit from liquidity incentives; Kinetic offers over-collateralized borrowing. Rome Blockchain Labs facilitates Kinetic launch, leveraging Flare’s oracles for accurate prices. Blockchain for data, Flare, and lending platform Kinetic, backed by Rome Blockchain Labs, have announced a strategic partnership set to revolutionize decentralized finance (DeFi). This collaboration aims to introduce lending and borrowing capabilities to the Flare ecosystem, deepening liquidity and fostering a robust DeFi experience. Powering DeFi with seamless lending and borrowing Flare, recognized as the blockchain for data, has entered into a groundbreaking partnership with Kinetic, a lending and borrowing platform supported by Rome Blockchain Labs. The collaboration focuses on providing Flare users with a streamlined platform for participating in DeFi, offering the potential to earn b...

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...

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...

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...

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...