Crypto Guides, Knowledge & Insights

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

EigenLayer Announces Airdrop Information: A Grand Airdrop Frenzy or Collapse?

EigenLayer is a protocol based on Ethereum that introduces the concept of restaking. Users who stake native ETH or use Liquidity Staking Tokens (LST) can choose to join EigenLayers smart contracts to restake their ETH or LST, extending cryptographic economic security to other applications on the network to earn additional rewards.　　EigenLayer supports the secure operation of other blockchain protocols and applications by leveraging ETH already staked on Ethereum, a process known as restaking. Restaking allows Ethereum validators to use part or all of their staked ETH to support other Active Validation Services (AVS), such as bridging protocols, sorters, and oracles. These services typically require their own staking and validation mechanisms to ensure network security, but with EigenLayers restaking functionality, they can secure Ethereum-level security without needing to attract significant capital themselves.　　In less than a year, EigenLayer has attracted over $15 billion in Total Value Locked (TVL). Today, Eigen Foundation announced the details of the $EIGEN token airdrop.Token Utility and Airdrop Mechanism　　$EIGEN is positioned as a general-purpose, verifiable “work token.” A “work token” refers to utility tokens that can be staked by participants to perform certain tasks, such as blockchain validation. If participants fail to fulfill specific work commitments, their staked

2024-04-30Deep Dive

WikiBit × AI Infinet Partnership Campaign

We are excited to announce the partnership with AI Infinet, a company dedicated to revolutionizing the AI industry by fostering a collaborative environment and providing seamless access to AI resources for individuals and organizations. AI Infinet aims to empower small and midsize businesses (SMBs) by offering innovative solutions in the AI space, including data, models, computation power, and storage.　　The vision of establishing a Web3 universe dedicated to regulatory safety and fostering a healthy environment for investors, as shared by WikiBit, is also embraced by AI Infinet. The decentralized AI resources platform of AI Infinet can play a crucial role in supporting WikiBits initiatives.　　To celebrate this collaboration, you can participate in the event and win prizes by following the steps.　　Apr 28 12:00 - May 30 19:00 (UTC+8)　　How to participate　　1）Follow on Twitter：@AiInfinet & @WikiBitOfficial　　2）Retweet the Partnership Announcement　　https://twitter.com/AiInfinet/status/1783504900246417637　　3）Complete the Zealy Task：　　https://zealy.io/cw/aiinfinet/questboard/6a7e3fcd4a3f4777abeb7f6e5fa0f051/af41140c221b4b3a9894e97b79b97384　　Claim AI Infinet Community XP to share our community incentives in future!　　About AI Infinet　　AI Infinet is a groundbreaking decentralized AI resources ecosystem combined with diversified contribution, equal compensation, to the Next Generation AI System. Fostering a collaborative environment, it enables seamless sharing and access to AI resources for individuals and organizations alike. Tailored for small and midsize businesses (SMBs) seeking to sell, utilize,

2024-04-30Deep Dive

WikiBit & SOLOverse Partner Giveaway

Total prize pool: 5 SOLO IDO Whitelists　　5 lucky winners will be rewarded with 1 IDO Whitelist　　Time: (UTC+8) 2024-04-26 18:00 ～ 05-03 18:00　　How to participate　　1）Follow on Twitter：@WikiBitOfficial & @SOLOverse_　　2）Complete the task：https://taskon.xyz/campaign/detail/778709028　　Please continue to stay tuned for more updates, and get ready to embark on an extraordinary journey with us!　　About SOLO　　SOLO is a groundbreaking SocialFi and GameFi platform on Solana, creating a unique blend of gaming and social interaction. This dynamic ecosystem allows players to merge gaming skills with social engagement, offering a comprehensive experience where strategy, alliances, and competitive gameplay pave the way for success and rewards.　　Website:https://www.soloweb3.world/　　Twitter:https://twitter.com/SOLOverse_　　Telegram:https://t.me/SoloVerse_Global　　Medium:https://medium.com/@SOLOverse_　　Gitbook:https://solos-organization-3.gitbook.io/soloverse/　　Deck:https://docsend.com/view/5nhqd7qpafw7ejyi

2024-04-29Deep Dive

WikiBit x SpacePi Partner Giveaway

Total prize pool: $800 SpacePi　　Apr 20 19:00 - May 20 19:00 (UTC)　　How to participate　　1）Follow on Twitter：@SpacePi_Com& @WikiBitOfficial　　2）Complete the task：https://zealy.io/cw/spacepieth/questboardinvitationId=fFa1y24x9bLNgnoXD8kVG　　3)Fill out the MEXC email or UID in the zealy　　Please continue to stay tuned for more updates, and get ready to embark on an extraordinary journey with us!　　About SpacePi　　SpacePi (ETH) is a memecoin self-organized by devout Pi Network members to promote the Pi Network ecosystem.

2024-04-29Deep Dive

This Week Noteworthy Events (April 29, 2024——May 5, 2024)

ZeroLend, a Multi-Chain Lending Protocol, to Launch Governance Token ZERO on April 29th　　The multi-chain lending protocol ZeroLend has revealed on social media platforms its plan to launch governance token ZERO on April 29th, with further details about the TGE (Token Generation Event) set to be announced soon. ZeroLend reportedly supports zkSync, Manta Network, Blast, Linea, and Ethereum, allowing users to deposit supported tokens and earn yields. Previously, ZeroLend introduced the Liquidity Re-Staking (LRT) market on the Ethereum mainnet. Users of ether.fi, Renzo, Kelp DAO, and Puffer Finance can now deposit LRT and borrow ETH or other liquid assets to earn enhanced LRT points, EigenLayer points, and Zero Gravity points from ZeroLend.CZ to Receive Judgment at United States District Court for the Western District of Washington on April 30th　　Former Binance CEO CZ is scheduled to receive judgment at the United States District Court for the Western District of Washington on April 30th, local time, where Judge Richard Jones will hear statements from prosecutors and CZs lawyers.　　In November 2023, he pleaded guilty to failing to maintain effective anti-money laundering procedures, violating the Bank Secrecy Act. CZs actions included not meeting prescribed anti-money laundering standards in Binances operations. He has reached a settlement

2024-04-29Deep Dive

Why Did the Highly Anticipated Runes Experience a Lackluster Reception Upon Its Official Launch?

What is Runes Protocol？　　Runes is another Bitcoin-based colored coin protocol designed by Casey Rodarmor in September 2023. The main idea is to allow the issuance of tokens on top of the native UTXO set.　　Colored coins have been around for a long time. The main idea is that you can “color” certain Bitcoin transaction outputs, giving them additional meaning besides the Bitcoin amount. It can represent another “asset” and be issued as tokens. The first implementation of this protocol occurred 11 years ago in 2013, with subsequent attempts including MasterCoin (renamed to Omni), CounterParty, and more recently RGB, Taro Assets, and BRC-20.　　Casey is also the founder of the Ordinals protocol. Transactions involving BRC-20 related tokens born out of Ordinals protocol constitute a significant portion, and Casey believes that BRC-20 could generate “garbage” occupying Bitcoin space. This led Casey Rodarmor to develop a new protocol named Runes, which is a simple, UTXO-based (Unspent Transaction Output), FT (Fungible Token) protocol designed to provide Bitcoin users with a good user experience.　　Runes garnered attention for two reasons: firstly, because its founder is Casey Rodarmor, and secondly, because the creation of the Runes protocol is aimed at issuing fungible tokens on BTC.A Deep Dive into the

2024-04-28Deep Dive

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