As we move through Q3, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
1. BarnBridge (BOND)
BarnBridge is a fluctuations derivatives protocol developed for hedging yield sensitivity and market price. The BarnBridge platform also incorporates its native BOND token.
Why BarnBridge? SMART Alpha First Epoch Starts on September 13
The BarnBridge team have confirmed that SMART Alpha pre-deposits on the BarnBridge app are open. Anyone depositing now will be eligible for the first epoch starting on September 13 at 14:00 UTC. Pools will be available in WBTC/USD, WBTC/ETH, WETH/USD, and WETH/BTC, with performances measured in USD, ETH, USD, and BTC respectively. As a result, the SMART Alpha app allows users to calibrate their exposure to the price movements of the available digital asset. The BarnBridge platform is better suited to intermediate to advanced crypto enthusiasts and anyone interested in being prepared for the first epoch can find out more here.
2. E-Radix (EXRD)
E-RADIX is a layer 1 protocol that was designed specifically to serve DeFi (Decentralized Finance) networks.
Why E-Radix? Final Token Unlock on September 15
After rescheduling the official unlock plan, the Radix team have announced that their final token unlock will take place on September 15 between 14:00 and 17:00 UTC. The final unlock will lead to a circulating supply of 9.6B eXRD, and a total supply of 12B eXRD with no new tokens or unlocks except for the annual 300m eXRD network emissions for staking. These emissions will see the total maximum supply of 24B eXRD being fully reached in a minimum of 40 years, with close to half of all tokens locked in stacking via the project’s Delegated Proof of Stake (DPoS) mechanism. All transaction fees on the Radix network are burnt and to find out more about the eXRD token unlock and the project’s tokenomics you can check out the team’s official blog post.
3. AdEx (ADX)
AdEx is a decentralized ad exchange designed to eliminate online advertising fraud via facilitating clear and verifiable reporting, so that advertisers know that they haven’t been defrauded by bot activity or other forms of cheating. The AdEx Network has multiple layers, with the ad exchange the top layer and operating as a direct link between publishers and advertisers.
Why AdEx? The First NFT Auction Takes Place on September 15
The AdEx team have announced that the first NFT auction on their platform will take place on September 15 with 50 NFTs by digital artist Todor Lichev up for grabs. Initially, 40 NFTs on Ethereum will be made available via the AdEx NFT auction site, and everyone will have 10 days to bid on each NFT with the starting price of each item being 0.3 ETH. The team have also confirmed that 30% of the proceeds will be donated to charity, while 30% will be used to buy back and burn ADX tokens. The remaining 40% will be kept by the team for marketing and development, and you can find out everything you need to know about the auction here.
How did the coins perform last week?
The seven day period generally led to mixed results across the market; and ADA dropped by74% and is currently trading at around $2.66. STX fell by 17% and is currently trading at $1.41, and CHZ fell by 19% over the week, and is currently trading at $0.34. Over the course of the week, the market moved from an overall valuation of $2.33T to $2.15T.