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12 Best Move-to-Earn Crypto Projects in 2024
Last updated:
May 7, 2024 08:36 EDT
| 13 min read
Move to earn cryptos are a rising niche within Web3, which promotes physical activity by offering crypto rewards. This guide will analyze and provide an in-depth review of the best move to earn crypto projects in 2024. It’ll also go over what to consider when investing in M2E cryptos and whether they’re a good investment.
Top Move to Earn Crypto List
The sections below provide a quick overview of the top move to earn crypto coins to invest in 2024.
- 5th Scape – Best VR Move-to-Earn Crypto Game
- Fight Out – Move-To-Earn Project with Fitness App and Real-World Gyms
- Tamadoge – Top Move-To-Earn Crypto Project
- Battle Infinity – M2E Metaverse Platform
- STEPN – Move-to-Earn Lifestyle App
- Green Satoshi Token – Utility Token of STEPN
- Step App – FitFi Cryptocurrency Project
- Dotmoovs – Sports-Based M2E Cryptocurrency
- Genopets – NFT Avatars Representing a Player’s Performance
- Wirtual – Popular M2E Cryptocurrency to Invest in 2024
- MetaGym – Exercise-to-Earn Cryptocurrency
- DOSE – Native Cryptocurrency of the OliveX Metaverse
A Closer Look at the Best Move to Earn Crypto Game Apps
To get a detailed idea of the best move to earn crypto assets, the sections below provide an in-depth review of the 12 best investment opportunities in this niche.
1. 5th Scape – Best VR Move-to-Earn Crypto Game
5th Scape is the standout VR project of the year, blending innovative blockchain technology with virtual reality. While it isn’t a traditional move-to-earn crypto game, it does have a play-to-earn (P2E) mechanism — and some of the VR games 5th Scape offers require you to move.
The project plans to launch VR games along with proprietary VR hardware, including headsets and chairs. By holding its native utility token, $5SCAPE, investors will benefit from potential token price appreciation, exclusive access to VR games, and discounts on physical VR products. The presale strategy for 5th Scape is particularly compelling; it includes 12 rounds, with the token price increasing with each round. This means early investors can purchase at a significantly lower price, starting at $0.00215 and rising to $0.0087 by the final round.
Additionally, token holders will have opportunities for staking with attractive APY rates announced soon, adding a potential revenue stream post-investment. The presale has already raised over $5.8 million, indicating strong investor interest and confidence in the project’s potential.
2. Fight Out – Move-To-Earn Project with Fitness App and Real-World Gyms
Fight Out is one of the best new crypto to invest in for 2024, revolutionizing the move-to-earn category. This game goes beyond traditional M2E projects by tracking steps and full-body workouts. It rewards users for their physical activities, whether at home or in the gym, through a sophisticated fitness app. Fight Out distinguishes itself by integrating smart technology that tracks multiple effort indicators, enhancing workout efficiency based on personalized data.
The project plans to expand into the physical world by establishing real-world gyms and collaborating with top-tier athletes and coaches. This will enable members to access customized training programs aimed at improving physical, mental, and wellness goals. Users interact with the platform through an NFT avatar, representing their fitness journey, which can’t be traded but can be customized and upgraded.
Fight Out offered its native token, FGHT, during its presale, allowing token holders to access the app and gym services. A secondary in-app currency, REPS, rewards users with training equipment, supplements, and more, based on workout achievements. With a comprehensive approach to fitness, community, and technology, Fight Out sets a new standard in M2E platforms.
For more information on the project, read the Fight Out whitepaper or join the Telegram group for the latest news. Alternatively to see how bullish some analysts are, read our Fight Out price prediction today.
3. Tamadoge – Top Move-to-Earn Crypto Project
TamadogeTamadoge is an exciting cryptocurrency project that has announced M2E features on its project roadmap. One of the best play-to-earn blockchain-based games, Tamadoge offers in-game earning opportunities with TAMA, the native cryptocurrency.
TAMA can be used to purchase Tamadoge pets — NFTs that represent a unique virtual dog. These NFTs can be purchased along with other virtual items on the Tama store. Players can leverage these NFTs to compete for TAMA on a monthly leaderboard.
According to the Tamadoge whitepaper, it aims to launch move-to-earn functionality with its upcoming augmented reality Tamadoge app. The app will retain the same P2E dynamics as the web-based platform and will reward players for walking their AR-based Tamadoge pets.
With a token supply of 2 billion, 5% of all TAMA spent on the ecosystem will be burnt, which will help maintain the value of the token in the long term. Concluding one of the best crypto presales in 2022, Tamadoge raised $19 million in its ICO round and then pumped to gains of nearly 2,000% during its initial exchange offering on OKX.
Apart from the AR app, the main Tamadoge game will see players grow and care for pets, then battle against other players as they move up a leaderboard and earn prizes. Other mini-games have also been developed in 2023.
4. Battle Infinity – M2E Metaverse Platform
Battle Infinity is another P2E platform that leverages blockchain technology to incorporate in-game rewards on its decentralized platform. The main P2E feature of this cryptocurrency is the Battle Arena, a metaverse ecosystem where players can take part in various events and concerts via VR headsets. The platform aims to implement M2E crypto elements through its ecosystem.
All virtual items and characters on the metaverse are minted as NFT by leveraging ERC 721 smart contacts on the Battle Market, Battle Infinity’s NFT marketplace. Players can also participate in the IBAT Premier League, a decentralized sports fantasy league requiring players to join after purchasing NFT passes.
Users can find some of the best NFTs to buy on this ecosystem, leveraging them to participate in competitions and build their own 3D characters. Still, all the main P2E features can be accessed through the native token, IBAT. This cryptocurrency can be purchased through the Battle Swap, Battle Infinity’s own DEX.
IBAT can be staked to earn interest on the Battle Stake and is also used to distribute rewards. Battle Infinity (IBAT) concluded one of the best crypto ICOs after raising 16,500 BNB worth of IBAT in only 24 days. IBAT has since been listed on PancakeSwap, reaching a high of $0.0105 — a 7x price increase from its $0.0015 presale launch price.
5. STEPN – Move-to-Earn Lifestyle App
Built on the Solana blockchain, STEPN is a unique move-to-earn cryptocurrency project, categorizing itself as a ‘Web3 lifestyle app’. Providing a fitness app, STEPN allows players to earn in-game rewards by walking, jogging or running. On STEPN, players need to purchase NFT sneakers, which vary in price depending on their characteristics, rarity, and other attributes. One of the best NFT games to play, STEPN aims to promote a healthier lifestyle for millions of people by incentivizing monetary rewards.
The platform’s main governance token is GMT (Green Metaverse Token), which can be used to access premium content and customization options. Notably, the NFT sneakers level up when players physically move and are tracked with a GPS. The platform also incorporated the moonwalking technique, ensuring that the player is properly monitored.
As players reach level 30 or higher, GMT tokens can be accessed and swapped for USDC. GMT has a circulating supply of 600 million tokens, representing 10% of the total supply. After trading at just $0.15 in March 2022, GMT reached an all-time high (ATH) of $4.11 in April 2022. However, amid the previous bear market and complaints from the community about the rewards system being flawed, GMT has collapsed to a price of just $0.40, dropping even further to $0.22, at the time of writing.
6. Green Satoshi Token – Utility Token of STEPN
Like GMT, the Green Satoshi Token (GST) is an integral part of the STEPN ecosystem. While GMT can be used as a governance token, GST is the platform’s utility token.
Once the players purchase their NFT shoes, they can access the Solo mode to start earning GST tokens by moving. To win tokens, players need to earn energy, one unit of energy is equivalent to 5 minutes of movement.
Since the platform offers different NFT sneakers, each design offers different efficiency levels. Therefore, energy can be earned faster per sneaker type. For example, the ‘Runner’ NFT sneaker can provide a return of 6 GST per 1 energy achieved at the optimal speed.
With GST, users can also mint sneakers and level up by leveraging GMT tokens. With an unlimited token supply, GST has a live market cap of $44 million and is currently trading at $0.03 per token. The token, like GMT, suffered amid negative reviews and the wider crypto bear market, but has experienced a remarkable recovery since February 2024.
7. Step App – FitFi Cryptocurrency Project
Step App (FITFI) is a unique M2E cryptocurrency project that’s based on the FitFi niche, an amalgamation of fitness and finance. Similar to STEPN, the Step App offers a protocol where players can compete in fitness quests with their metaverse avatars.
The platform uses augmented reality-based technology to bridge the gap between the metaverse and reality. Sneaks represent playable NFTs that each player must purchase to track their in-game progress. After downloading this move-to-earn crypto app, players can earn tokens by walking or jogging.
FITFI is the Step app’s governance token, fueled by the ecosystem fees. The platform also offers KCAL tokens — in-game tokens that can be used to purchase Sneak NFTs. FITFI has a maximum supply of 5 billion tokens, trading at $0.007 as of May 2024.
8. Dotmoovs – Sports-Based M2E Cryptocurrency
Dotmoovs is a sports and tech company, leveraging artificial intelligence (AI) to deploy unique algorithms that can detect human movement. The platform uses an arbitration engine to measure players’ limb position and movement to measure their skill.
Incorporating NFTs and its own cryptocurrency (MOOV), players can take part in peer-to-peer challenges on the network. After the AI detects a player’s various sports tricks and skills, an individual can earn MOOV tokens as a reward. Tokens can also be earned by participating in dance and soccer tournaments, and are used to purchase in-game items and update virtual avatars, minted as NFTs.
The platform has its own NFT marketplace, where players can purchase virtual items such as soccer balls, sneakers and more. With a 1 billion maximum supply, nearly 75% of MOOV tokens are now available to trade. MOOV is trading at $0.006 per token.
9. Genopets – NFT Avatars Representing a Player’s Performance
Genopets (GENE) is a free-to-play and M2E cryptocurrency platform based on the Solana blockchain. Encouraging users to lead an active lifestyle, Genopets tracks steps’ data from their mobile phones to incorporate into the move-to-earn game.
On this platform, investors can summon their own Genopets, NFT avatars representing an individual’s performance. Players can grow their pets by physically moving and activating their NFT avatars. On the Genoverse, players can also battle with other players by competing in challenges, compete daily to keep their Genopets happy, and win rewards in the process.
GENE is the governance token of Genopets, and is used to represent an individual Genopets value on the platform. Currently, 46 million of the total 100 million supply of GENE tokens are available to trade. GENE reached an all time high of $35 in November 2021, but today tokens are trading at just $0.23.
10. Wirtual – Popular Move-to-Earn Cryptocurrency to Invest in 2024
Wirtual is an M2E crypto app that rewards customers for exercising and taking care of their bodies. Originally started as a test project, the creators of Wirtual wanted to discover a way to make exercising more fun.
With the Wirtual app, users can connect the apps with their fitness devices and earn tokens while running, swimming, dancing, cycling, or working out.
The native cryptocurrency of this platform is WIRTUAL, which can be earned when users conduct various physical activities. With a fully diluted market cap of $1.5 million, WIRTUAL is trading at $0.0015 per token.
11. MetaGym – Exercise-to-Earn Cryptocurrency
MetaGym is the metaverse’s first Exercise-to-Earn (E2E) cryptocurrency. Providing M2E capabilities, MetaGym comes with a free-to-use app that rewards players with MGCN, its native cryptocurrency built on the Polygon network.
The platform allows players to access MetaGym Buddies, which are NFT avatars that can complete fitness challenges and track an individual’s progress. The MGCN token can be used to upgrade these NFT avatars and purchase virtual items to design the MetaGym Buddies.
Players must acquire a MetaGym web3 wallet and transfer MATIC to purchase the NFT avatars. Players are rewarded with MGCN depending on their performance. With a limited market cap of 2 billion, MGCN is a deflationary asset that can potentially increase in price in the long term.
12. DOSE – Native Cryptocurrency of the OliveX Metaverse
DOSE is a native cryptocurrency which can be earned by competing in various workout-based gameplayers on the OliveX Metaverse. This ecosystem provides players with gamified fitness experiences, leveraging blockchain technology to monetize various physical activities.
DOSE is the central token of the OliveX ecosystem and can be used to purchase in-game items and earn rewards. Players can earn DOSE tokens by taking part in games on the OliveX platform, such as Dustland Runner, a proof of workout audio game.
The Dustland Runner crypto game is set in a dystopian future where the earth has been burnt and only consists of dustlands and pirates. Players can complete challenges in the game by physically walking and jogging throughout the course of the gameplay. With a circulating supply of nearly 6 million tokens, DOSE is currently trading at $0.005 per token.
What to Consider When Investing in Move to Earn Crypto Coins
Before investing in the best M2E cryptocurrencies, let’s look at some of the main factors to consider before investing in this space.
Unique Use Cases
The M2E cryptocurrency space is still a new and upcoming niche. While most of the projects in this space look to combine in-game earning with moving, a few projects stand out.
For example, 5th Scape is a top move-to-earn crypto since it combines blockchain with virtual reality, offering VR games, hardware, and token benefits like discounts on VR products, making it unique in the crypto and VR integration space.
Token Supply
One way to analyze a token is by reviewing the cryptocurrency’s total supply. One of the reasons why 5th Scape (5SCAPE) is among the best altcoins to buy is due to its tokenomics. With a capped maximum supply, 5SCAPE has positioned itself as a deflationary asset, distributing tokens for presale, treasure and development, liquidity, and airdrops.
Are Move to Earn Crypto Projects a Good Investment?
Move to Earn (M2E) crypto projects can be good investments if they offer unique and engaging value propositions. These projects reward users with cryptocurrency for physical activities, potentially increasing user adoption and demand for the token.
For example, 5th Scape, though not a typical M2E project, integrates blockchain with virtual reality, offering an innovative utility by using its token for transactions within its VR ecosystem, and providing holders benefits like discounts on VR products.
Investors should consider the project’s technological innovation, market potential, and user engagement strategies. As with any investment, there are risks, particularly with the volatility of crypto markets and the early stages of most M2E projects. Thorough research and consideration of market trends are crucial.
Conclusion: What Is the Best Move-to-Earn Crypto Project in 2024?
5th Scape is a standout VR move-to-earn crypto game, leveraging blockchain with innovative VR games that involve physical movement. It aims to offer unique VR hardware, like headsets and chairs, enhancing immersive gaming.
Early investors benefit from rising token prices and staking opportunities, with presale rounds already raising over $5.8 million, signaling strong market interest.
FAQs
What does M2E mean crypto wise?
M2E stands for move-to-earn. These cryptocurrencies incentivize players to earn crypto-based rewards by conducting physical activities by participating through their various platforms.
What is a good move to earn crypto investing strategy?
Players can choose to invest in M2E games by analyzing the token supply. For example, projects with lower token supplies provide deflationary tokenomics, often leading to higher price increases.
What are the most profitable and best crypto apps?
5th Scape is among the most profitable and best crypto apps due to its unique blend of VR and blockchain technology, attractive presale strategy, and exclusive benefits for token holders like discounts on VR products and games.
What are the latest move-to-earn crypto projects?
Some of the latest move-to-earn crypto projects include 5th Scape, FightOut, Tamadoge, and MetaGym.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
About the Author
Viraj works as a writer for guides and daily news content on CryptoNews. He is an expert on digital asset price movements, price prediction columns, and news breakdowns. Viraj graduated with a BSC in Business Management from the University of Surrey. His content can also be found on online publications such as Economy Watch. Before joining Cryptonews, Viraj was in the top 10% of writers on Upwork. He is a versatile writer, having also worked in the digital, video, screenwriting, and scriptwriting fields.
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As the cryptocurrency market continues to expand, investors are constantly looking for new opportunities to maximize their returns. Pepe (PEPE), a meme coin inspired by the iconic Internet character Pepe the Frog, has been a staple in the meme coin arena. However, recent developments have shifted some investors’ attention to a promising new competitor: MPEPE (MPEPE). Currently trading at $0.0007, Mpeppe is attracting significant interest from those looking to diversify and capitalize on the next big thing.
Pepe’s appeal (PEPE)
Pepecoin (PEPE) has carved out a significant niche for itself in the cryptocurrency market, largely due to its vibrant community and roots in internet meme culture. Drawing inspiration from the popular meme character Pepe the Frog, Pepe (PEPE) has captured the attention of cryptocurrency enthusiasts and meme enthusiasts alike. This fusion of humor and community spirit has been instrumental in its rise within the cryptocurrency space.
The continued success of Pepecoin (PEPE) can be attributed to its active and dedicated community. Holders of the coin are known for their enthusiastic promotion on social media platforms, which helps maintain its visibility and popularity. This strong community support has been instrumental in sustaining Pepe (PEPE)’s momentum and driving its market performance. Recent whale activity, such as a massive transfer of 9 trillion PEPE tokens valued at $82 million to Bybit, further highlights the coin’s potential for significant price movements driven by large-scale transactions.
Mpeppe (MPEPE): the rising star
Mpeppe (MPEPE) differentiates itself by merging the realms of sports and cryptocurrency. Drawing inspiration from soccer sensation Kylian Mbappé and leveraging the legacy of the Pepe (PEPE) meme coin, Mpeppe offers a unique appeal that resonates with both sports fans and cryptocurrency investors. This innovative fusion is attracting a diverse and engaged audience, fostering a vibrant community around the token.
A large ecosystem
Differentiating itself from typical meme coins, Mpeppe (MPEPE) features a robust ecosystem that includes gaming and sports betting platforms, NFT collectibles, and social interaction features. These utilities provide real value to users, creating multiple channels for engagement and investment. This comprehensive approach positions Mpeppe as more than just a meme coin, offering a richer and more engaging experience for its users.
Investment Potential of Mpeppe (MPEPE)
Strategic Tokenomics
Mpeppe (MPEPE) has been strategically priced at $0.0007, making it accessible to a wide range of investors. Tokenomics is designed to support long-term growth, with allocations for presales, liquidity, and sports activities. This strategic distribution ensures stability and promotes community engagement, positioning Mpeppe for substantial growth.
Analysts’ optimism
Market analysts are optimistic about the potential of Mpeppe (MPEPE). The coin’s innovative approach, strong community, and strategic partnerships are expected to drive significant price increases. Early investors stand to benefit from substantial returns as Mpeppe gains traction in the market. Analysts note that Mpeppe’s combination of utility and community engagement positions it well for future growth, especially as the cryptocurrency market continues to evolve.
The impact of similar competing businesses
Driving Innovation
Competition between similar assets such as Pepe (PEPE) and Mpeppe (MPEPE) is a catalyst for innovation. Each project strives to outdo the other, resulting in continuous improvements and new features. This dynamic competition benefits investors, offering them better and more advanced products.
Market diversification
Having multiple competing assets in the market promotes diversification. Investors have more options to choose from, which can help spread risk and potentially increase returns. The presence of strong contenders like Pepe (PEPE) and Mpeppe (MPEPE) ensures a vibrant and resilient crypto ecosystem.
Increased market interest
Competition between similar assets also generates increased market interest. As projects compete for attention, they attract more investors and media coverage, leading to increased visibility and adoption. This increased interest can drive further investment and growth in the sector.
The Future of Mpeppe (MPEPE)
Strategic development
Mpeppe (MPEPE) has a clear and ambitious roadmap for the future. Development plans include expanding its gaming and sports betting platforms, launching new NFT collections, and forming strategic partnerships. These initiatives are designed to improve user experience and drive market growth.
Community Growth
The success of Mpeppe (MPEPE) will largely depend on its ability to build and sustain a strong community. By focusing on engagement and providing valuable utility, Mpeppe aims to foster a loyal and active user base. This community-driven approach is expected to play a significant role in its long-term success.
Conclusion: A New Horizon for Meme Coin Investors
In conclusion, while Pepe (PEPE) has established itself as a significant player in the meme coin market, Mpeppe (MPEPE) offers a fresh and innovative approach that is capturing the interest of investors. With its strategic pricing, comprehensive ecosystem, and potential for high returns, Mpeppe (MPEPE) represents an exciting opportunity for those looking to diversify their cryptocurrency portfolios. As always, investors should stay informed and consider multiple factors before making investment decisions. Embrace the potential of Mpeppe (MPEPE) and join the journey to new rewards in the cryptocurrency world.
For more information on the pre-sale of Mpeppe (MPEPE):
Visit Mpeppe (MPEPE)
Join and become a member of the community:
Italian: https://t.me/mpeppecoin
Italian: https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
- The Golem project has moved over $124 million in ETH for staking.
- Ethereum staking frenzy has increased ahead of the launch of spot ETH ETFs in the US.
Ethereal [ETH]The Project Golem-based distributed computing marketplace has joined the ETH staking frenzy.
On July 11, contrary to its recent sell-off, the company reportedly staked 40K ETH worth over $124.6 million, according to Lookonchain data.
Golem Network has confirmed its Ethereum staking initiative and said its purpose was to “create space” to help participants contribute to the network.
“The Golem Ecosystem Fund is officially launched today! We have staked 40,000 ETH from Golem’s treasury. This will create a space where developers, researchers, and entrepreneurs can bring their ideas to life and contribute to the Golem Network and its ecosystem!”
Ethereum Staking Frenzy
The staking frenzy has infected Ethereum, with just days to go until the potential launch of a spot ETH ETF in the United States. Recently, an unmarked address blocked over 6K ETH.
The Golem project’s decision to lock up 40K ETH on July 11th pushed the total ETH locked up to Chain of lights at an all-time high of 47.5 million ETH, worth over $140 billion based on market prices at press time.
Beacon Chain is Ethereum’s system that manages the validation of new blocks.
Source: Etherscan
According to a recent AMBCrypto relationshipIncreased ETH staking ahead of the debut of the ETH spot ETF in the US has underscored bullish sentiment.
More ETH has been moved from exchanges, further strengthening bullish expectations.
Meanwhile, from a short-term perspective, many addresses were losing at the $3.2K and $3.5K levels. Investors could try to take a profit if they break even.
These prices represent key levels to watch in the short term.
Source: IntoTheBlock
Next: Why Bitcoin Must Surpass $61K Soon, According to Analysts
As the cryptocurrency space turns bearish, giants like Chainlink and Fantom are facing setbacks with declining trends for LINK and FTM. Amid these changes, BlockDAG emerges as a prime target due to its promising pre-sales and long-term prospects. This Layer-1 project boasts an innovative Low Code No Code ecosystem, attracting investors with potential ROIs exceeding 30,000x. The pre-sales momentum has already accumulated over $57.6 million, driven by growing investor enthusiasm.
Impact of Chainlink’s Recent Token Release
Chainlink’s recent move to release 21 million LINK tokens, worth approximately $295 million, from its dormant supply contracts has significant market implications. This release sent 18.25 million LINK to Binance, fueling speculation that the price will drop. LINK is currently trading at $13.64, approaching its critical support at $13.5, with the potential to drop to $10 if this level breaks.
These releases, increasing the circulating supply above 600 million LINK, have previously maintained price stability, but the prevailing bearish conditions could alter this trend. With 391.5 million LINK pending release, market caution persists.
Fantom (FTM) Market Position Dynamics
Fantom experienced a strong buying spree last November, but its valuation has been challenging lately. After peaking near $1.20 in March, subsequent resistance and profit-taking pushed its price lower. FTM recently dipped below the crucial $0.600 mark but found some ground around $0.500. Fantom is currently valued at $0.559 with a market cap of $1.67 billion and daily trading volume of $257.56 million.
The Fantom Foundation’s decision to award over 55,000 FTMs quarterly to major dApps on the Opera network has invigorated user participation. Indicators such as RSI and MACD suggest a possible bounce if it surpasses the $0.600 mark. Failure to break above the 200-day EMA could prolong the bearish outlook.
BlockDAG Pre-Sale Triumph and Innovative Platform
BlockDAG’s pioneering low-code/no-code platform enables the seamless creation of utility tokens, meme tokens, and NFTs, catering to a broad user base. Its intuitive templates allow enthusiasts to quickly launch and customize projects, thereby democratizing blockchain development and accelerating market entry.
The cutting-edge features of this platform have attracted cryptocurrency investors, significantly increasing the interest in the presale. BlockDAG has successfully raised over $57.6 million, witnessing a 1300% escalation in the coin’s value from $0.001 to $0.014 in its 19th batch. This impressive rise underscores the immense return potential of BlockDAG for early backers.
Additionally, BlockDAG’s commitment to expanding its ecosystem extends to supporting the development of decentralized apps. This fosters a wide range of new projects in the blockchain domain, from digital art platforms to tokenized assets, enriching the blockchain ecosystem.
Key observations
While Chainlink and Fantom are currently navigating bearish trends due to token releases and resistance hurdles, BlockDAG’s innovative low-code/no-code framework positions it as an attractive investment option. With a presale raise of over $57.6 million and prices skyrocketing 1300% in recent batches, BlockDAG shows tremendous potential for returns of up to 30,000x. Amidst the market volatility impacting Chainlink Tokens and Fantom, BlockDAG stands out as a promising avenue for cryptocurrency traders.
Sign up for BlockDAG Pre-Sale now:
Website: https://blockdag.network
Pre-sale: https://acquisto.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: Italian: https://discord.gg/Q7BxghMVyu
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality and accuracy of any material in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your own research and invest at your own risk.
The DEX aggregator Anger Trading is about to issue its RAGE token on the new Layer 1 blockchain Hyperliquid. The token sale is scheduled for August 7, with 20 million tokens out of a total supply of 100 million available on Fjord Foundry at a fixed price of $0.30.
Additionally, the “Rage Quit” feature has been introduced, which allows private investors to get their allocation early by accepting a 60% cut.
RAGE will be among the first tokens to be launched on Hyperliquidmarking a significant moment for this new blockchain. Let’s see all the details below.
DEX News Rage Trade: New RAGE Token Arrives on Hyperliquid
As expected, decentralized exchange (DEX) aggregator Rage Trade has announced the issuance of its new token ANGER. The launch is happening through a liquidity generation event and token sale on Fjord Foundry, scheduled for August 7th.
The token will be launched on the newly launched layer 1 blockchain Hyperliquidwhich has rapidly gained popularity due to its decentralized perpetual exchange.
Rage Trade currently aggregates platforms such as GMX, Synthetix, Dydx, Aevo and Hyperliquid, allowing traders to manage their positions across multiple blockchains and earn incentives.
During the event, 20 million RAGE tokens will be sold at a fixed price of $0.30, while another nine million will be used to inject liquidity into Hyperliquid.
Additionally, six million tokens have been reserved for future market making and product development incentives.
The token will have a total supply of 100 million, with 20% earmarked for sale and 30% for community treasury. The latter is subject to a 12-month lock-up period and a 24-month linear release.
The “Rage Quit” feature introduces a deflationary mechanismThis allows private investors and recipients of the air launch to receive their assignment after an initial three-month stalemate, accepting a 60% cut.
Rage Trade has chosen Hyperliquid as the platform for its token after the network became the preferred choice of users of the Anger Aggregatorwith over 1,300 users generating $445 million in volume.
Hyperliquid surpasses dYdX in TVL
Hyperliquid, the exchange decentralized based on Referee, recently introduced a new points program, which has catalyzed significant growth in total value locked (TVL) on the platform.
According to data from DefiLlama, Hyperliquid has reached a TVL of $530 million, surpassing dYdX’s $484 million and reaching a new all-time high.
This figure places Hyperliquid in second place among derivatives platforms, just behind GMX, which maintains a TVL of $542 million.
Rounding out the top five platforms by TVL are Solana-based Jupiter with $415 million and Drift with $365 million. Hyperliquid had a stellar year in 2024, jumping from eighth to second place in just six weeks.
This rapid increase was largely attributed to the new Hyperliquid points program, which launched on May 29.
The points program provides for the distribution of 700,000 points weekly for four months. With an additional 2 million points awarded for activity between May 1 and May 28.
Despite community criticism over the decision to extend the incentive program and delay the token launch and airdrop, the platform has continued to attract numerous traders.
From Perpetual DEX to Layer 1
Steven, founding member of Capital Yuntwhich has backed some of the largest cryptocurrency firms, including Zerion, noted that Hyperliquid has distributed approximately 51 million points in four periods.
He further stressed that the project aims to reward its early adopters and move from simply being a perpetual DEX to a true Layer 1:
“The team is clearly making an effort to communicate that Hyperliquid is an L1 and not just a DEX for derivatives.”
Furthermore, he highlighted that the token holders PURSUE were significantly rewarded, with a 23% increase in the token’s value.
PURR was the first spot token launched on Hyperliquid and looks set to continue receiving attention and incentives from the platform.
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New Crypto Wallet Collects Over 350 Billion PEPE Tokens: Can This Make Memecoin Soar? ⋆ ZyCrypto
Over 1 million new tokens launched since April
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a new era for DEX tokens
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News9 months agoNew Crypto Wallet Collects Over 350 Billion PEPE Tokens: Can This Make Memecoin Soar? ⋆ ZyCrypto
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