Categories
Crosschain Lending

What is the ANC token used for?

ANC token is


ANC is the governance and utility token of Anchor protocol.

ANC token is used for


  • Governance
  • Bootstrap liquidity
  • Revenue share

How could value accrue to the token?


Locking

  • Fees (10% fees from the protocol to stakers)

What is Anchor Protocol?


Anchor aims to be the gold standard of passive income in crypto. Distributing block rewards from POS blockchain staking rewards.

How Anchor Protocol works


  • Lenders deposit Terra stablecoins to earn yield. Borrowers supply bASSETS (bonded assets) to borrow stablecoins.
  • bASSETS are native proof of stake tokens.
  • The yield distributed to the lenders is the median of the block rewards of all the tokens.

Normal money markets interest rates fluctuate from supply & demand. Whereas POS block rewards are much less volatile over their emission period.

Currently the only collateral asset is LUNA.

Emissions

  • Staking ANC earns protocol fees.
  • Supply ANC/UST LP to Terraswap earns ANC.
  • Using protocol as lender or borrower earns tokens.

Token Isssuance


Total supply: 1 000 000 000

Initital Allocation

  • 20% – Investors
  • 10% – Team
  • 5% – LUNA staking airdrop:
  • 10% – LUNA staking rewards:
  • 40% – Borrower incentives
  • 5% – ANC LP staking rewards
  • 10% – Community fund

Docs


Similar projects


ANC token price


Categories
Cosmos Crosschain

What is ATOM token used for?

ATOM token is


The Native token of the Cosmos network.

ATOM token is used for


  • Staking and securing the networks Proof of Stake consensus.
  • Staking to vote in governance
  • Delegating to validate

How could value accrue to the ATOM token?


Locking tokens

  • Consensus
  • Governance
  • Delegate to earn rewards

Fees

  • Transaction fees for using the network

What is Cosmos Network?


Cosmos is an ecosystem of apps and an Inter-Blockchain Communications protocol.

How Cosmos works


Built on Tendermint BFT consensus of the most efficient Proof of stake implementations.

Cosmos SDK

The goal of the Cosmos SDK is to allow developers to easily create custom blockchains from scratch that can natively interoperate with other blockchains.

Rewards

Network fees and inflation is transferred to validators and delegators.

Staking

Any ATOM holder can participate in consensus by delegating to validators and earn 90% of the rewards. Validators take 10% of the delegation.

APY: 9.8%

Token Isssuance


Current supply: 238,526,146 tokens

Inflation: 7%

  • 5% – Donors
  • 10% – Interchain foundation
  • 10% – Tendermint
  • 75% Private and public sales

Docs


Similar projects


ATOM token price


Categories
Crosschain Polkadot

What is the DOT token used for?

What is DOT?


DOT is the native token of Polkadot network.

DOT token is used for


  • Governance
  • Staked for running the network (proof of stake).
  • Bond to connect a parachain to Polkadot.

More here.

How could value accrue to DOT token?


Fees

  • Network fees (can be changed through governance)

Locking tokens

  • Parachains
  • Proof of stake

What is Polkadot


Polkadot is a proof of stake blockchain that enables fast transactions and crosschain transfers.

How it works


Polkadot takes the approach of several blockchains connected to the meta-blockchain. Contrary to for example Ethereums approach of one blockchain and tokens launching on top of it.

Design Features

  • Interoperability
  • Fast
  • Scalable
  • Shared security
  • Upgrades without forks

The Polkadot Network

  • Relay Chain – Polkadot mainchain
  • Parachains – Sovereign blockchains that can have their own tokens
  • Parathreads – Blockchains connected with a pay-as-you-go model.
  • Bridges – Allows all the above to interact with other chains like Ethereum and Bitcoin.

Consensus

Nominators – Select trustworty validators and staking dots.
Validators – Secure the relay chain by staking dots.
Collators – Collecting shard transactions and producing proofs to validators.
Fishermen – Report bad behavior to validators.

Token issuance


Total Supply: 1,073,655,814

DOT Presale price: $0.29

Docs


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DOT Token price


Categories
Crosschain Fantom

What is FTM token used for?

FTM token is


FTM is the staking and native token of the Fantom Network.

FTM token is used for


  • Staking and securing the networks Proof of Stake consensus.
  • Voting
  • Transaction fees.

How could value accrue to the FTM token?


Locking tokens

  • Staking for the network.
  • Higher yield for longer stakes.
  • Tokenholders has the option to delegate their tokens to a validator and receive staking rewards.
  • Stakers receive sFTM which can be used as collateral in Fantom DeFi.

Fees

  • Fees are paid on every transaction to validators and a portion is kept for the network.

What is Fantom Network?


Fantom is a fast and scalable smart contract blockchain. It used Lachesis aBFT Proof of stake consensus.

How Fantom works


Fantom relies on fewer nodes to secure the network which makes it able to be faster and scale to thousands of transactions per second. It uses Proof of Stake and is fully compatible with the EVM (Ethereum virtual machine) and Metamask.

Proof of Stake

Lachesis is a break-through aBFT consensus algorithm developed by Fantom.

  • Byzantine Fault-Tolerant: up to 1/3 of dishonest nodes.
  • Confirmations: Transactions are confirmed within 1-2 seconds.

Transaction fees

  • Each transaction requires a fee in FTM.
  • Fees are paid to validators
  • 30% of transaction fees are held by a network smart contract.
  • 70% distributed between validators proportional to their transaction reward weight.

Validator Requirements

  • Minimum stake: 3,175,000 FTM
  • Rewards: ~13% APY

Cross-chain

Fantom has an ERC20 token. When you send your ERC-20 to the Fantom Wallet, it’s swapped to Opera Mainnet.

Fantom exists on

1. Opera FTM: Used on Fantom’s mainnet Opera Chain
2. ERC20: Exists on the Ethereum network
3. BEP2: Exists on Binance Chain

This enables cross-chain swapping and transaction easier.

On-chain voting

1 token = 1 vote

Read more here.

FTM token Isssuance


Max supply: 3.175 billion

  • Circulating 2.1 billion.
  • 2 years to distribute all the rewards to reach max supply.

Token sale

  • Date: June 18, 2018
  • 11582 Fantom/ETH
  • Price: ~ $0.04

Docs


Similar projects


  • DOT
  • Solana
  • FSN
  • ATOM
  • BSC

FTM token price


Categories
Crosschain DEX

What is ANY token used for?

ANY token is


ANY is the governance token of AnySwap AMM.

ANY token is used for


  • Governance of the protocol
  • Incentives

Currently the only governance is for selecting AnySwap nodes.

How could value accrue to the ANY token?


Potential

Governance tokens can provide cashflow to token holders through protocol fees.

Fees

0.3% on Swaps to LPs and 0.1% to AnySwap currently.

What is AnySwap?


AnySwap is a decentralized exchange on the Fusion blockchain. It specifically allows for cross-chain bridging of tokens.

How AnySwap works


AnySwap is an automated market maker just like Uniswap or Sushiswap. It runs on Fusion blockchain and Fusion DCRM technology.

  • Cross Chain Bridge — Users can deposit any coins into the protocol and mint wrapped tokens in a decentralized way.
  • Cross Chain Swaps
  • Liquidity providers could add and withdraw liquidity into swap pair.

The primary use case is enabling moving of tokens between blockchains.

Currently you can move tokens between:

  • Fusion
  • Fantom
  • Ethereum
  • Binance Smart Chain

Users pay

0.4% of the sum being transferred. Of this 0.3% goes directly to Liquidity Providers and 0.1% goes to Anyswap.

Read more here.

ANY token Isssuance


Max supply: 100 million

  • 10% – Teams Liquidity pool
  • 5% – Community and Ecosystem
  • 85% Blockreward
    • 10% – Cross-chain DCRM Node reward
    • 15% – Liquidity Reward
    • 15% – Team Reward
    • 20% – AnySwap company
      • 25% – Swap and trading reward

Docs


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ANY token price


Categories
Crosschain Tendermint

What is KAVA token used for?

What is KAVA?


KAVA offers companies seamless integration to DeFi products.

KAVA token is used for


  • Governance
  • Staking for network security

How could value accrue to the token?


Locking tokens

  • Nodes must lock tokens to secure the network (Proof of Stake).

What is KAVA chain?


KAVA enables companies (for example exchanges) to integrate with DeFi. Users can Lend and earn yield on their assets.

How it works


The chain runs on Cosmos and proof of stake consensus.

Validators lock their tokens for 21 days at a minimum. Validators earn rewards for securing the network. Read more here.

Cosmos enables inter blockchain communication and users can tokenize for example Bitcoin to earn yield.

Native tokens

  • KAVA
  • USDX
  • HARD

Non-Native

  • BTCB
  • XRPB

Hard is a protocol on the chain which enables lending with CDPs and USDX stablecoin.

Read more here.

Token issuance


Total supply: 123,000,000 tokens

Binance Smart Chain details:

  • Total Supply: 100,000,000 tokens
  • Public Sale: 0.46 USD

Docs


Similar projects


Token price


Categories
Crosschain Derivatives Ethereum

What is the MIR token used for?

MIR token


MIR is the governance token of Mirror protocol on Terra and Ethereum.

MIR token is used for


  • Staking to vote on polls.
  • Used as a deposit for making governance proposals.
  • Rewards when withdrawing collateral from a CDP.
  • Liquidity providers yield farm MIR by staking their LP-tokens.

How could value accrue to MIR token?


Governance tokens offer possibility off current and future cash flows to tokenholders.

Fees

  • A protocol fee is charged whenever a withdrawal from a CDP is made (including closing the position).
  • Fee is sold to MIR through Terraswap and distributed to stakers.

Future

What is Mirror Protocol?


Mirror Protocol is a cross-chain platform to create synthetics that track the price of any asset (like TSLA stock).

How Mirror Protocol works


Mirror protocol is built by Terraform Labs (TFL) on the Terra blockchain.

Assets are transferred to ETH through Shuttle.

Mirror consists of

  • MIR (governance token)
  • mAssets (any generated asset)
  • Collateral locked to mint the mAsset
  • UST (TerraUSD stablecoin)

To create mAsset

  • Lockup 150% of value in UST or other mAssets as collateral.
  • Regulates minting, collateral can be liquidated if positions fall below ratio.

Redeem an mAsset

  • A user burns the same amount of mAssets issued when opening the CDP.

Trade

  • On Terraswap. Fees (0.3%)
  • Wrapped mAssets on Uniswap (or MIR and UST)
  • MIR serve as incentivize for liquidity providers to trade.

Oracle

  • A decentralized oracle that is updated every 30 seconds keeps mAssets to peg.

More here or in docs.

Token issuance


Total supply: 370,575,000 (over 4 years).

Terraform Labs aims for a fair distribution and do not intend to keep any tokens.

Token allocation

Distributed to LPs, community, stakers and Dev Fund.

  • Genesis: 54 M
  • Y1: 183 M
  • Y2: 256.2 M
  • Y3: 320.25 M
  • Y4: 370.58 M
  • Genesis: 18,3M MIR will be airdropped to LUNA stakers and UNI holders.
  • Over the course of the first year 18.3 million MIR tokens will be distributed to LUNA stakers on a weekly basis (every 100,000 blocks).

Claim MIR tokens


Based on snapshots taken on 11/23/2020, users with staked LUNA will receive tokens, and anyone with 100 UNI will receive 220 MIR.

  • Go to eth.mirror.finance
  • Connect wallet
  • On the right you’ll see “Claim”
  • Click and sign the transaction with Metamask.
  • Done.

Docs


Similar projects


MIR price