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. Wax (WAXP)
WAXP Token is a purpose-built blockchain and protocol token designed to make e-commerce transactions faster, easier, and safer for all participants. The custom features and incentive mechanisms developed by WAX are designed to optimize the blockchain’s usability in e-commerce, and online gaming, and to encourage voting on guilds and proposals.
Why Wax? The Outer Space Men NFTs Launch on August 19
After recently launching the “Muhammad Ali Through The Lens” NFT series, the Wax team have confirmed that The Outer Space Men NFT collection will launch on the Wax blockchain on August 19 at 13:00 EST. The series includes 30 collectibles, originating from the classic 1968 alien action figures. Each NFT purchase is backed by a physical action figure, and also provides the opportunity to receive a special White Star card that gives access to one of five limited action figures. The retro collectibles can be delivered to each purchaser, and you can learn more about the NFT series launch here.
2. Alpha Finance (ALPHA)
Alpha Finance Lab is a blockchain-based project that is focused on researching and innovating in the decentralized finance space. The main goal of the project is to address prominent market gaps in the DeFi section with simple and yet novel solution.
Why Alpha Finance? Beta Finance Phase 1 Launches on August 18
The Alpha Finance team have announced that their first Launchpad incubated project, will conduct its phase 1 launch on August 18. Beta Finance is a permissionless money market protocol operating on the Ethereum network. The two phase launch begins this week 1, and users can lend, borrow, and short assets on Beta Verified Markets, and receive BETA rewards retroactively after the token launches. The BETA token lock-up period will begin on the same day at 14:00 UTC, and anyone staking ALPHA from that time will be eligible to receive BETA tokens. The Alpha team have documented their tokenomics and staking structure here, and you can find out more about the Beta Finance Phase 1 launch here.
3. Lisk (LSK)
Lisk was created as a fork of Crypti in 2016. Some of the features that differentiate Lisk are the use of blockchain apps with their own sidechains which are intended to make the platform scalable. Distributed Proof of Stake is used for creating new blocks on the Lisk blockchain, and blocks are created every 10 seconds, allowing for fast transactions.
Why Lisk? Mainnet V3 Migration on August 22
The Lisk team have announced that after successfully processing the Lisk Testnet v3 migration, the Lisk Mainnet v3 migration will take place at block height 16,301,501 which is expected to be reached between August 22/24. The migration was originally scheduled for block height 16,270,292 August 21 10:00 CEST, but the exact time is dependent on Mainnet conditions and how reliably new blocks are being created. All product dependencies such as Lisk Core 3.0.0, Lisk Service 0.4.0, Lisk Desktop 2.0.0, and Lisk Migrator 1.0.0, are ready for production, and improvements introduced with the Lisk SDK 3.0.0, 4.0.0, and 5.1.0 will become functional on Mainnet after the migration. All Lisk stakeholders can find out more about the migration details here.
How did the coins perform last week?
The seven day period generally led to positive results across the market; and CHZ grew by 25% and is currently trading at around $0.36. DAG improved by 27% and is currently trading at $0.25, and SRK jumped by 20% over the week, and is currently trading at $0.005. Over the course of the week, the market moved from an overall valuation of $1.80T to $1.99T.