Evening News | Layer1 project Shardeum announces token SHM economic model, distributed stablecoin project HOPE launches on Ethereum mainnet

Organizer: Grapefruit, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Layer1 Project Shardeum Announces Token SHM Economic Model: 51% as Node Rewards, 49% Allocated to Foundation and Ecosystem

According to ChainCatcher, Layer1 project Shardeum has announced the SHM token economic model, with a total supply of approximately 508 million. Of this, 49% will be allocated to the foundation, ecosystem, team, and sales accounts, while the remaining 51% will serve as node rewards.

At the launch of the mainnet, the foundation will receive 11% of the total supply of 508 million tokens, and the ecosystem will receive 5%.

Three months after the mainnet launch, the tokens for the team and sales accounts will begin to be released in phases, accounting for 15% and 18% of the total token supply, respectively. (Source link)

2. Distributed Stablecoin Project HOPE Launches on Ethereum Mainnet

According to ChainCatcher, the distributed stablecoin project HOPE has announced the launch of a multi-protocol application for all users. Users can now visit app.hope.money to experience protocols and features such as HopeSwap, HOPE staking, and DAO governance.

Users can exchange HOPE with crypto assets like LT on HopeSwap, provide liquidity to earn transaction fee shares, and receive $LT rewards through liquidity mining. HOPE holders can also earn LT rewards through single-asset staking without worrying about impermanent loss.

LT holders can lock LT to obtain veLT. veLT holders can receive LT reward boosts and governance voting rights. LT rewards will begin to be released after April 20 at 08:00 (UTC+8).

3. Coinbase Obtains Bermuda License, May Launch Offshore Derivatives Exchange

According to ChainCatcher, Coinbase has recently announced in a blog post that it has obtained a license from the Bermuda Monetary Authority. Coinbase stated, "Bermuda is one of the first financial centers to implement comprehensive digital asset regulation in 2018, known for its rigorous, transparent, compliant, and cooperative regulatory environment."

It is reported that the acquisition of the relevant license may be related to the upcoming offshore exchange. Coinbase has been exploring the launch of an offshore derivatives trading platform to trade perpetual swap products related to cryptocurrencies. A report from Fortune magazine stated that the exchange could launch as early as next week. (The Block)

4. EthSign Announces Cross-Chain Unified Network EthSign Next, Closed Beta Coming Soon

According to ChainCatcher, Jack Boyuan Xu, co-founder and CTO of the decentralized electronic protocol signing platform EthSign, stated on the EthSign official blog that they plan to launch the cross-chain unified network EthSign Next, which will provide cross-network support, allowing users from different blockchain networks to collaborate. EthSign Next will initially support Bitcoin, Ethereum (EVM), Aptos, Solana, and Ton.

EthSign Next is currently under development and will soon launch a closed beta. SignPass holders will have the highest priority, followed by Galaxe NFT holders, and eventually transition to a public beta. In addition to interoperability upgrades, EthSign also plans to provide a complete UI overhaul and a series of QoL improvements in future versions later this year. (Source link)

5. Sui to Launch Mainnet on May 3, Testnet Version Updated to v0.32.0

According to ChainCatcher, Sui Network announced today that it will officially launch its mainnet on May 3. Additionally, Sui has recently released version v0.32.0 and launched the Devnet development network and Testnet testing network. (Source link)

"What Exciting Articles Are Worth Reading in the Last 24 Hours"

1. "Airdrop Expectations Accelerate the Growth of Decentralized Social Graph CyberConnect, Flagship Product Link3 Faces Challenges"

Recently, the centralized social graph protocol CyberConnect has seen a surge in on-chain data, attracting significant attention. In fact, the data growth of CyberConnect is closely tied to its flagship social product Link3, with the ccProfile (profile) NFT representing user identity being a major contributor to this data increase.

Upon closer examination, the surge in CyberConnect's data can be attributed to two main factors: on one hand, the lowered participation threshold for users to mint ccProfile NFTs; on the other hand, the potential airdrop expectations have stimulated participation from opportunistic users.

2. "Iron Fish Mainnet Launches, Over Half of Addresses Flagged as Anti-Witch, Are Its Airdrop Rules Reasonable?"

Iron Fish, a privacy project named after the WWII encryption term "submarine," has reached a valuation of $190 million after completing a $27.7 million Series A funding round led by a16z. The project will launch its mainnet at 24:00 Beijing time, with a countdown of 7 hours, and will officially airdrop tokens to early users tomorrow.

3. "Analysis of the Decentralized Contract Trading Landscape: dYdX, GMX, Gains, Kwenta, and Level"

This article will compare and analyze the trading volume, transaction fees, and native token valuations of several representative decentralized perpetual contract exchanges, and explore the challenges they may face and their future development directions.