Initia

Nano Labs, SlowMist, and Aquarius announced the establishment of the Fortress Foundation and launched its first initiative, the Fortress Initiative

ChainCatcher news, Nano Labs, SlowMist, and Aquarius announced the establishment of the Fortress Foundation and launched its first initiative—the Fortress Initiative. This is a framework for liquidity management security design and process audit standards, aimed at setting a new benchmark for security and transparency in the cryptocurrency liquidity management field. The initiative provides detailed security guidelines for liquidity management protocols and establishes practices for auditing liquidity management processes, supplemented by practical case studies to ensure operability.The core vision of the Fortress Initiative is to establish global standards for liquidity management security and process auditing, thereby building trust across the entire cryptocurrency ecosystem. Its mission is to provide cutting-edge security frameworks and rigorous audit standards, enabling organizations to effectively protect digital assets while optimizing liquidity management operations.The initiative follows a comprehensive one-year roadmap aimed at achieving a seamless transition from concept to full industry integration. The initial phase focuses on foundational development work, including defining concepts, establishing brand identity, assembling core contributors and partner organizations, and drafting frameworks through collaboration with key stakeholders. During this phase, the team developed risk assessment protocols, audit methodologies, and penetration testing plans, which were validated through pilot case studies. Subsequently, the launch phase will collect feedback and drive participation through formal releases, interactive panel discussions, live demonstrations, and community workshops at major industry events. The final phase will optimize and expand the framework based on early audit results, incorporate regulatory compliance measures, establish a trained network of auditors, and culminate in a security summit to showcase progress and plan future strategies.The Fortress team stated that in the early stages of the project, they will focus on inviting asset management protocols and ecosystem partners with BTC staking needs to participate in the construction.The initiative has received strong support from industry-leading organizations. Nano Labs (Nasdaq: NA) is a publicly listed company on Nasdaq and a leading chip design company in Asia, at the forefront of technological innovation and recognized as a major and steadfast holder of Bitcoin. SlowMist is a globally renowned blockchain security company with over a decade of professional experience, bringing unparalleled expertise to the field of cybersecurity. Aquarius is a research-driven asset management company managing over $600 million in assets, providing rich expertise in liquidity management and liquidity management strategies. Additionally, the Sei native lending protocol Takara Lend, supported by Sei Blockchain, joined as one of the first donating members, highlighting their commitment to collaboratively establish standards and processes that will shape the future of liquidity management security.The technical framework of the Fortress Initiative is equally robust, with security standards covering the entire liquidity management lifecycle—from pre-liquidity management assessments, continuous monitoring, to post-management issue response systems—integrating comprehensive testing, monitoring, coordination, and tracking systems comparable to ISO 9001 standards. This framework includes detailed smart contract code audits, comprehensively checking for issues such as permission vulnerabilities, security design, design logic, variable coverage, variable declarations and scopes, arithmetic accuracy, uninitialized storage pointers, and denial-of-service attacks. Additionally, the framework encompasses rigorous security awareness testing conducted through red team testing and phishing simulations, comprehensive multi-chain asset security monitoring, and thorough assessments of internal management processes, including recruitment, code deployment, incident response, and multi-signature wallet management.The Fortress Foundation is a non-profit organization dedicated to promoting blockchain security, with the goal of establishing standards for security and transparency in the liquidity management ecosystem.

0G Foundation releases preliminary token economic model: Initial circulation at TGE is approximately 21.32%, with community rewards accounting for 13%

ChainCatcher news, according to official information, the 0G Foundation has adjusted its preliminary token economic model based on community feedback, with a total supply of 1 billion tokens and an initial circulation of approximately 21.32% at the Token Generation Event (TGE). The token distribution plan is as follows: 56% for the community (including 13% for community rewards, 28% for ecological growth, and 15% for AI alignment nodes); 22% for the team, contributors, and advisors; and 22% for supporters (investors).The "community rewards" are specifically designed to incentivize active contributors, including participation in social activities, staking, running 0G nodes (storage, DA, etc.), participating in testnet/mainnet activities, holding genesis NFTs, and active participants on Discord. The "ecological growth" focuses on the long-term expansion of the 0G network, including funding and investment for developers, foundational AI research, infrastructure development, liquidity, and marketing.The team and investor portions will be locked for 12 months, followed by a linear unlock over 36 months. The community rewards will be distributed quarterly over 48 months, while 49% of the ecological growth portion will unlock at TGE, and 33.33% of the AI alignment nodes portion will unlock at TGE.The 0G Foundation stated that the final allocation ratios and lock-up plans may be adjusted based on community feedback.

Zhao Changpeng mentioned the new token issuance mechanism concept: an initial unlock of 10%, and subsequent unlocks require meeting certain price conditions

ChainCatcher news, CZ posted on platform X about a crazy idea for a token issuance: What if someone issues a token with the following tokenomics?Initially, 10% of the tokens are unlocked and sold on the market, with the proceeds used for the project team's development of products/platforms, marketing, compensation, etc. Each future unlock must meet all of the following conditions:Six months after the last unlock.Only if the token price has maintained above twice the previous unlock price for more than 30 days prior to the unlock.A maximum of 5% of the tokens can be unlocked each time.For example, if the TGE price is $1 in January, by June, if the token price is still below $2, no more tokens can be unlocked. Assuming the token price is above $2 between July 4 and August 3, then on August 3, 5% of the tokens can be unlocked for circulation. Assuming the price on August 3 is $3. The next earliest unlock date is March 3 of the following year, and it can only be unlocked if the price has been above $6 for more than 30 days.The project team has the right to decide to postpone or reduce the scale of each unlock. If they do not want to sell more, they do not have to. But each time they can sell (unlock) a maximum of 5%, and then they must wait at least 6 months, and the price must double again. The project team does not have the right to shorten or increase the scale of the next unlock. The tokens will be locked through a smart contract controlled by a third party's keys. This can prevent new tokens from flooding the market during price downturns while also incentivizing the project team to build long-term.However, CZ emphasized that he has no plans to issue new tokens, just a discussion idea.
ChainCatcher Building the Web3 world with innovators