1Pool is a new cross-chain money market protocol created for yield aggregation, borrowing, and lending. Its mainnet is currently live on Binance Smart Chain and Ethereum Mainnet. It is also seamlessly connected by 1Pool ERC- BEP token bridge.
The protocol aims to optimize the use cases of LP tokens. The team created a 1Pool Yield aggregator. The latter automatically farms selected LP tokens, along with stand-alone digital assets to generate one of the most competitive APY in the industry. The yield aggregator is currently live in Binance Smart Chain and Ethereum Mainnet. The company plans to add Polygon and Fantom networks to 1POOl Mainnet in the fourth quarter of 2021.
1Pool’s Lending Protocol is a typical decentralized cross-chain lending protocol. It facilitates on-chain lending and borrowing of selected LP tokens, as well as stand-alone digital assets. The customers can earn interest on their digital assets. However, they need to provide supported digital assets to the protocols for that. Meanwhile, borrowers can easily obtain a loan by providing selected digital assets. The latter include stand-alone assets, such as BTC, ETH, DOT, and selected LP tokens. The protocol adjusts interest rates algorithmically.
The company also created its own native governance token, 1POOL, for its ecosystem. This token entails both a claim for a percentage of revenue through staking of 1POOL and voting rights in the platform governance.
The team plans to give 1POOL tokens to the platform participants (yield aggregators), borrowers, and lenders pro-rata for their usage of the platform. Furthermore, the protocol allocates 75% of the total supply of 1POOL tokens as user rewards, planning to mint them and distribute them among the platform users during the next five years. However, the team capped 1POOL token emission rate at 0.595225694 1POOL per block on Binance Smart chain ETH Mainnet.
What about 1POOL’s ICO and its features?
1Pool platform offers many features, including LP token collateralization, DAO governance, LP token lending, borrowing, yield farming, staking with revenue share, and multi-chain (Ethereum and Binance Smart chain live).
The company is launching its ICO today, and the sale will end on October 12, 2021. The token price will be 1 USD per 1POOL during the initial coin offering. The total supply of tokens is 300,000,000. The platform accepts ETH and BNB in exchange for its tokens. The team designed 1POOL governance token emission in such a way as to deter supply inflation. The emission rate is geared towards correlating sustainable growth and platform utility.
Thanks to the 1Pool platform, the holders of LP tokens will be able to take a loan against their LP collateral and subscribe to a pre-sale or initial coin offering. They will also be able to take a loan against their LP assets, borrow a digital asset, and send it to an exchange. As a result, they will profit from declines in overvalued tokens. If investors hold digital assets such as BNB, ETH, USDC, and USDT, they will be able to lend their digital assets to lending protocol and earn interest.
In addition to participating in platform governance by submitting proposals and voting, 1POOL token holders will be able to stake their 1POOL tokens and share 20% of platform revenue pro-rata. They can also use the tokens as collateral to take a loan. Customers can add liquidity to 1POOL token pairs in selected DEXes and, as a result, earn a percentage of platform fees. And lastly, they can farm 1POOL LP pairs in the 1POOL platform, earning 2 X rewards.
How is Floki Inu’s token trading?
Floki Inu also called the new MOVEMENT token, is very trending. It’s similar to Dogecoin, and traders expect FLOKI to be as successful and profitable as DOGE. FLOKI is currently trading at $0.00006591, but the price will likely increase over time.
According to the team, Floki Inu is not just a meme coin. Fans and members of the Shiba Inu community birthed this new cryptocurrency. In fact, Floki Inu got its name after Elon Musk’s very own Shiba Inu.
This token is hyper-deflationary. The team created it to reward users. Thus, it adds more Floki Inu coins to customers’ wallets with each transaction. The community calls itself the Floki Vikings. Floki is the Viking character, and Elon Musk named his dog after it. Hence the nickname. However, the community has already proved that it’s ready to fight for FLOKI’s success. Thanks to its efforts, Floki Inu has been listed on LunarCrush’s social engagement Top 10 leaderboards several times.
Moreover, the team focuses on the token’s utility. Several large crypto influencers, including Bamidele, PetaByte Capital, and Uniswap Detective, are members of the Floki Inu team. They decided to put their reputations on the line for this project. The Floki Inu developers are also the well-respected Moontography of $MTGY and Jackie Xu. Both of them have significant experience in the crypto space. They have also been involved in other utility coin projects.
What are the additional advantages available for FLOKI holders?
The team has already partnered with EPay. As a result, token holders can FLOKI for payment in connection with the development of Flokiplace (a Floki marketplace) for Floki Inu merchandise. In addition, customers can use this token to purchase items at over 1500 stores thanks to a partnership with CryptoCart.
Floki Inu is negotiating a similar partnership with Curate (XCUR) now. That will allow token holders to use FLOKI as payment on the XCUR physical goods marketplace. The latter launches soon. The team is also working on other things, including capitalizing on the hype of NFTs, payment services, and gaming.
Considering all these, the creators claim that FLOKI is not an ordinary memecoin. While it successfully leverages its meme potential, along with connection to Elon Musk’s dog, it is also building utility. Floki Inu plans to compete with the top cryptocurrencies in this market.
What about Dober City and its ICO?
MINT is another hot ICO currently in the spotlight. It’s the native utility token of Dober City. Its pre-sale starts on October 16, 2021, and it will end on October 17, 2021. The price of 1 MINT will be 0.066 ETH. The company plans to launch a public sale on October 18, 2021. MINT is based on the ETH blockchain.
Dober City is a creative NFT based project that aims to provide customers with a unique experience and atmosphere through comic books, trapping story narratives, and an NFT based play-to-earn game.
Its founder team unites experts with solid experience in the crypto and NFT arena. Dober City wants to bring value to the token holders, as well as make them part of an ever-growing entertainment and gaming community.
The team built Dober City upon a hooking storyline. The narrative revolves around an imaginative city with the same name. This megalopolis is obsessed with glamour, power, and influence. This dystopian place harvests intriguing characters. Doberman dogs are human-like characteristics. They are also very similar to Doberman-human hybrids.
The company plans to “drop” the first 10,000 elite habitants on October 16, 2021. According to the plot, they have built their wealth upon the work of the poorest Dobers in the city. In addition, they consider themselves as favored by God.
Thanks to the minting breakdown of these first 10,000 characters, the company will launch 3,000 NFTs for the pre-sale on October 16. It will release the rest of 7,000 NFTs for the public sale on October 17.
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