Recently, significant developments have attracted attention for many altcoin projects. In this article, we will talk about the latest events for altcoins such as BGB, LTC, ATOM, BIT, SpongeBob. Here are the details…
Bitget (BGB) launches project launchpad
According to official news on May 13, Bitget launched the Launchpad project BIP1 (BRC20). Voting results on what will happen on Launchpad will be announced on May 14. Meanwhile, the BIP1 distribution time on the stock market will be at 11:00 on May 15.
Altcoin Cosmos launches Stride
The Cosmos Blockchain protocol recently announced that Stride Protocol, a liquidity platform, will go live in the ecosystem. This announcement has had a positive impact on the Cosmos community and is expected to bring significant benefits to the Atom ecosystem. In a recent tweet by Cosmos Hub, it was confirmed that Stride’s adoption of the Inter-Blockchain Communication Protocol (ICS) has been confirmed and a proposal is underway to incorporate Stride into the system. Stride will provide security to Cosmos Hub, and in return, the hub will receive 15 percent of liquid staking rewards, 15 percent of STRD inflationary staking rewards, 15 percent of MEV revenue and 15 percent of transaction fees.
Litecoin transactions peak
According to a report from Santiment, as the cryptocurrency halving approaches in August of this year, Litecoin is experiencing some interesting market activity. In particular, Litecoin transactions reached record highs and the number of active addresses on the Litecoin network increased significantly. Active addresses refer to unique addresses that interact and transact on the LTC network. This indicates that most of these processes are relatively small in size. However, the reason behind this increase in active addresses has been a matter of debate among experts.
BitDAO becomes Mantle DAO
BitDAO, a decentralized autonomous organization (DAO) powered by Bybit, has proposed a new brand name and tokenomics for the BIT token. The proposal aims to bring long-term benefits to its holders and bring the greatest chance of success for the layer-2 Mantle developed by BitDAO. The proposal proposed changing the brand name and token structure to protect the owner’s governance and economic rights and avoid community fragmentation between BitDAO and Mantle.
Tamadoge and altcoin SpongeBob become partners
Tamadoge, one of the top projects in the web3 industry, has partnered with SpongeBob’s viral meme coin project. The partnership will allow the Tamadoge community to access SpongeBob’s exclusive token airdrop, known as SPONGE, launched on the Bitget cryptocurrency exchange. The SPONGE token witnessed significant gains earlier this month after gaining over 70 percent. The token has garnered a lot of attention and has also secured top CEX listings.
The Tamadoge project was launched recently and allows players to raid and upgrade NFTs known as Tamadoge pets. The partnership between Tamadoge and the SpongeBob meme coin project will open the Web3 gaming ecosystem to a wide audience of potential investors and gamers.
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