Five Projects Hit Exchanges This Week
New projects are brewing to enter the cryptocurrency space, and token generation events (TGEs) are a critical time for any emerging blockchain venture.
During a TGE, cryptocurrency projects create tokens and distribute them to investors, users, or the public. It marks an important step in launching a new token, which usually occurs after a project has raised funds and developed its product.
TGE to watch this week
After TGE, tokens can effectively be traded or used within the project’s ecosystem. A successful TGE can bring more attention and liquidity to crypto projects, thereby laying the foundation for the project’s growth.
However, for investors, this is an opportunity to acquire the tokens early. In many cases, these tokens are offered at a lower price, with the hope that their value will increase as the project grows. With that in mind, here are the items for this week’s TGE.
Bit Limited (BTF)
bit infinity is a Bitcoin Layer 2 Based on Internet Computer Protocol (ICP) with the Ethereum Virtual Machine (EVM). After raising $7 million in private fundraising, the project is pitching a public token offering through a launch pool. In its last funding round, the project raised $130 million with support from the likes of Polychain Capital and ParaFi Capital.
“The numbers show Bitfinity has the potential to change Bitcoin’s L2 landscape,” explain Lunar Strategy.
It plans to hold a token generation event (TGE), the mainnet launch, on November 19 at 10am. The event was also to celebrate its testnet transaction volume exceeding 32 million. This achievement is the result of the tireless dedication of developers actively building on the platform. Bitfinity’s BTF token will be listed on the Gate.io exchange.
ZFI (ZFI)
Zyfi is a payments master-as-a-service designed for easy integration. Following the last round of valuation of US$20 million, the project currently has a financing amount of up to US$2 million, and plans to conduct TGE on November 19. The specific time and exchange will be announced. This project is related to Pancake swap For the issuance of ZFI tokens.
“We are excited to partner with our long-term payments partner PancakeSwap to provide liquidity for the ZFI token,” Zyfi shared.
According to the post, the expected revenue range from this collaboration includes the ZFI-ETH revenue farm cake Incentives for two syrup pools cake ZFI stakers can receive up to $30,000 in rewards. The partnership will also make it easy to acquire ZFI tokens on decentralized exchanges.
Micro GPT (Micro)
This is an AI platform that provides developers with AI-driven tools and is committed to improving development efficiency. As an advanced artificial intelligence platform, MicroGPT aims to simplify and democratize software development for developers of all levels.
It is unclear how much funding the project has raised, but a TGE is planned for November 20 at 7 pm, and the MICRO token will be listed on the Gate.io and MEXC exchanges. The last round valuation was $3.5 million.
“Get ready to drive the future of coding with MicroGPT’s powerful tool suite: Live Coding recommendations for seamless workflows, IDE integration, mobile apps, Chrome extensions, and more,” MicroGPT shared.
Thoughts (PNDR)
Ponder is an AI-powered comparison engine for all web3 trends. It builds a solution that provides fully integrated comparison tools for crypto-based operations powered by artificial intelligence and Feature layer.
The project raised $1.1 million in private placement funding after being valued at $10 million in its previous round. The listing exchange is KuCoinits TGE will occur on November 20, with the token price at $0.10.
However, ahead of the TGE, the project will hold a non-refundable token sale on November 19 at 08:00 UTC. Claims will open on November 20th.
“Key Benefits: Pioneering re-staking on EigenLayer, join Tier 1 funds, analyze and execute trading options based on your preferences. Run community engagement program Tier 1 funds,” Ponder Detailed.
MEMEFI
This is a web3 game that combines PvP and PvE gameplay. The amount raised in the private placement is unclear, but the project was valued at $125 million in its last funding round. Listed exchanges include OKX, Bitget, Bybit, and Gate.io, and the TGE is scheduled to take place on November 22 at 1 p.m.
“MEMEFI/USDT spot trading begins at 1:00 PM (UTC) on November 22nd,” OKX Announce.
at the same timedeposits and withdrawals will be made via Sui (Sui) MEMEFI’s network Listed on Bybit.
While these projects’ TGEs provide good entry points and introduce liquidity to the market, investors must conduct their own research. According to BeInCrypto, Key considerations when evaluating TGE From the scope of the project Tokenomics its compliance and regulatory status. Other factors to consider include the blockchain it operates on and the timing and market conditions during the TGE.
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