ChainCatcher news, according to The Block, the Layer 1 public chain Xion, focused on chain abstraction, has officially launched its mainnet and introduced an innovative "Double or Nothing" token airdrop mechanism. The project completed a $25 million Series A funding round in April this year and previously received $11 million in investments from institutions such as Circle Ventures, Animoca Brands, and Multicoin.Xion is developed based on the Cosmos SDK, pioneering the use of USDC as the primary trading currency, with plans to issue a total of 200 million XION tokens, and the first round of airdrop will allocate 10 million tokens.

ChainCatcher news, according to OKX market data, the FTM price has surged to $1.1, currently quoted at $1.1051, with a 24-hour increase of 17%.

ChainCatcher news, the L1 public chain LUKSO has released a beta version of the "Universal Profile" feature, aimed at providing users with a universal on-chain identity, equipped with a recoverable crypto wallet and a profile for interacting with social media.LUKSO's "Universal Profile" comes with recovery options, allowing recovery through the program or its key manager if the keys are lost. Additionally, the "Universal Profile" can read various types of information, such as photos or videos, and add them to the profile for various DApps to access.

ChainCatcher news, Layer 1 public chain Reef has launched a $10 million accelerator program aimed at supporting, incubating, and investing in Web3 developers, teams, and projects based in the Middle East.This accelerator program is part of Reef's previous $20 million developer support fund. (source link)