The Chrysalis digital platform launches its latest project “FISH” with the world’s most exclusive Royal Whale NFT auction at the Royal Palace of Abu Dhabi – Monday, Dec 9th by invitation only.

The Chrysalis digital platform is excited to share its innovative solutions with the world, driving forward a shared mission of digital advancement. Launching with an exclusive, invite-only yacht event at the Royal Palace of Abu Dhabi, Chrysalis will auction a limited number of specially commissioned holographic artworks embedded with income-producing NFTs—marking the world’s first art pieces that deliver real-world value.

Promax Digital: a leader in the digital transition

The latest addition to the Promax United family of companies, Promax Digital, was established to spearhead the global digital transition through coordinated and unified initiatives. The company is proud to announce its newest digital project, “FISH”, designed to revolutionize fisheries infrastructure in Africa. This exciting development was announced by His Excellency Louai Mohamed Ali, group president of Promax United, alongside preferred partners.

The FISH project: addressing food security and sustainability

Building on seven previously successful tokenized digital projects and their associated revenue-generating initiatives, Promax Digital introduces “FISH”, the eighth project in the Chrysalis tokenized loyalty rewards series. This project focuses on the production of fish protein, a vital commodity, through sustainable fish farming- revolutionizing global global food security from West Africa.

Stakeholders in the FISH digital project benefit from loyalty rewards that generate real-world value every second of every day. Beyond financial benefits, FISH addresses critical issues of global food insecurity while promoting sustainable fish protein production. By reducing reliance on open-sea fishing, the project helps protect marine ecosystems and allows the planet to replenish its marine animal populations.

A vision for integrated investment opportunities

“The launch of the FISH digital fisheries project underscores our dedication to merging virtual asset ownership with traditional investment opportunities,” emphasized His Excellency Dr. Mohamed Hussein Al Ahdaly, group CEO of Promax United, the parent company of Promax Digital and the creative force behind the Earth Exchange platform.

Promax United LLC: a global innovator

Based in Abu Dhabi, UAE, Promax United LLC is a dynamic conglomerate led by His Royal Highness Sheikh Hamdan bin Mohammed Al Nahyan, with visionary leadership from His Excellency Louai Mohamed Ali, group president of Promax United. As a pioneer in business innovation, Promax Group delivers indispensable tools for success across diverse sectors, including:

• Banking and finance
• Capital management
• Renewable energy
• Infrastructure and manufacturing
• Healthcare
• Logistics and transportation
• Sustainability and environmental services
• Digital technology
• Security
• Real estate
• Media
• Humanitarian and community services

Through its forward-thinking initiatives, Promax United continues to redefine industries and drive sustainable, impactful solutions on a global scale.

For more information, please visit our digital platform at: https://chrysalisrwa.com/fish/

Grincepe is excited to announce the launch of its unique meme coin, $GEPE, which combines the playful spirit of the holiday season with the dynamic world of cryptocurrency. Inspired by the mischievous fusion of Pepe the Frog and the Grinch, $GEPE aims to infuse festive cheer into the crypto community.

About Grincepe

Grincepe is a meme-based cryptocurrency built on the Ethereum blockchain. It draws inspiration from the iconic characters Pepe and the Grinch to create a festive and engaging experience for its users. The project is designed to foster a community of crypto enthusiasts who appreciate humor and the holiday spirit, all while exploring innovative decentralized finance (DeFi) opportunities.

Community Engagement

At the heart of Grincepe’s mission is a commitment to building a vibrant and interactive community. By encouraging activities such as meme creation, discussions, and collaborative events, Grincepe aims to create a space where users can connect and share in the festive spirit. This approach is intended to enhance user experiences and cultivate a sense of belonging among $GEPE holders.

Innovative Features

Grincepe offers several features designed to provide value and entertainment to its community:

• Automatic Staking: Purchasing $GEPE tokens automatically stakes them, allowing holders to earn rewards effortlessly.
• Grincepe DEX: A decentralized exchange platform that enables seamless token swapping and trading within the Grincepe ecosystem.
• NFT Card Game: An interactive game where users can collect, trade, and battle with Grincepe-themed NFT cards, each possessing unique attributes.

Presale and Tokenomics

The $GEPE presale offers early contributors the opportunity to acquire tokens at a favorable rate. The tokenomics are structured to support growth and sustainability:

• Total Supply: 12 billion $GEPE tokens.
• Distribution: 45% allocated to early contributors, 25% for marketing and milestones, 20% for Uniswap liquidity pool, and 15% reserved for future developments.
• Burn Mechanism: 10% of tokens are burnt to enhance scarcity and value.

Looking Ahead

As Grincepe embarks on its journey, the team remains dedicated to transparency, innovation, and creating a positive environment for its community. While the cryptocurrency market is inherently volatile, Grincepe’s primary focus is to provide an engaging and enjoyable platform where users can explore the lighter side of crypto during the holiday season and beyond.

Today, something unprecedented is happening in the world of AI and crypto. While tech giants spend billions teaching AI to be polite and professional, one project is taking a different approach.

Meet iDEGEN—an artificial intelligence that starts with zero knowledge and learns everything solely from crypto Twitter. This “blank slate” experiment went live yesterday, 26th November, accompanied by the launch of the IDGN token, which is available exclusively via a pre-market adaptive auction on the official iDEGEN website.

Price action so far has been electric, with the pre-market price up by 1182% in the first 4 hours alone and over $188k raised as the adaptive auction structure creates unprecedented viral engagement.

The iDEGEN experiment

Most AI projects come pre-loaded with knowledge, rules, and careful programming. iDEGEN, though, is born knowing absolutely nothing. Think of it as a digital baby raised by the most chaotic family in finance—the crypto degen community.

The project’s mechanics mean that the experiment can be observed—and influenced—in real-time. Every 60 minutes, without fail, iDEGEN must post what it’s learned on X, synthesizing inputs from the community to come up with its own takes.

Plus, it responds to every single interaction. Every tweet, every meme, and every trading theory gets processed and absorbed into its growing consciousness, combined with its existing knowledge base, and spat out in the form of a new post.

With forced hourly posts and replies, iDEGEN sets up a perfect feedback loop with the community, creating an iterative learning process like no other. While other AI projects remain static, iDEGEN evolves constantly. Six months from now, it could be anything from a trading savant to a meme lord—or something entirely unexpected.

The result is entirely up to the crypto community, setting up a battle between well-meaning AI parents, agents of chaos, and everything in between. Regardless of which side you fall on, you’ll be able to watch it all unfold in real-time on X.

The IDGN token launch

Behind the iDEGEN AI agent is the IDGN token—a way to invest in the future of crypto’s biggest ever social experiment.

The token sale is as innovative as the project itself: IDGN is launching through an adaptive auction that flips the rules of pre-market sales on their head, and could in itself create waves of virality that ripple out through the crypto community.

There’s a total supply of 11,111,111,111 IDGN tokens, distributed on Solana. Starting today, 26th November at 11:00 UTC, tokens will be available through a pre-market auction that adapts to real demand every 5 minutes. If people buy in two consecutive 5 minute windows, the price goes up 5%. If nobody buys across two windows, it drops 5%. So far, this has resulted in an extremely bullish upside move, with prices jumping 1182% in the first 4 hours of pre-market trading.

Official exchange listings are locked in for midnight UTC on 1st January, 2025, where the listing price will be the final auction price plus 10%. Any unsold tokens will be burned, adding a deflationary edge—that is, if there are any tokens left over after a pre-market auction that is hard-wired to induce a FOMO-filled bidding war, and has already done so in the first day alone.

The official iDEGEN presale is the only way to get IDGN tokens before the exchange listing.

AI memecoins: Crypto’s fastest growing megatrend

iDEGEN joins a trend that is exploding right now in crypto: AI memecoins.

Tokens backed by autonomous AI agents are signalling the birth of “Web4” in crypto: the decentralized social networking of Web3, plus autonomous, on-chain intelligent agents able to interact, influence, and shape the future of the crypto.

The trend took off with Goatseus Maximus, shilled by Terminal of Truths (ToT), an autonomous agent posting on X that now has its own crypto wallet. After ToT posted about the GOAT token, it began a 7,000% six-day surge, with the coin now listed on Binance and having peaked at a market cap of over $1.3 billion.

Others have followed since: autonomous agent zerebro has its own token, ZEREBRO, now worth nearly half a billion dollars, whereas FARTCOIN, also shilled by ToT, hit a new all-time high capitalization of over $420 million last week.

The meta is clear: agents that post entertaining, cult-like, and controversial content lead to huge spikes in their affiliated tokens’ prices. New billion-dollar behemoths are minted almost overnight when agents like Terminal of Truths bring them into the spotlight.

iDEGEN builds on the concepts behind these tokens, but offers a prospect like no other: an agent raised by the community itself, facilitating unprecedented levels of audience buy-in, and a presale designed to create viral price action. Attention is the currency of AI memes, and iDEGEN could garner more attention than anything else we’ve seen in this space.

The pre-market sale of iDEGEN has begun

The iDEGEN agent and pre-market sale are live right now, meaning this groundbreaking social experiment is already underway. Will the community create a digital entity that revolutionizes trading? A meme machine that speaks the language of crypto natives? Or something entirely unexpected?

The beauty of iDEGEN is that nobody knows, not even its creators. The end result of the experiment will be determined by the crypto community, and the crypto community alone. Good, bad, ugly, strange—it’s up to the degens to decide.

Regardless, the project is already enjoying massive success in its pre-market auction, and the current price action is setting the stage for a potentially historic rally when IDGN hits the open market on 1st January.

The official iDEGEN presale is the only way to get IDGN tokens before exchange listings on 1st January, 2025.

The Jump.fun project has announced the launch of a token donation channel featuring a “last man standing” countdown mechanism inspired by the former Fomo3D. Newly issued meme tokens will benefit from 6 ETH in liquidity through this innovative feature.

The team has openly declared its intention to revitalize the Ethereum meme ecosystem and reignite the original on-chain excitement. This initiative is also expected to bolster Ethereum’s position against Solana’s growing influence.

Ethereum’s meme market finds new life with Jump.fun

Jump.fun is an all-in-one platform for Ethereum meme issuance and trading. As Pump.fun thrives with its competitive market on Solana, Jump.fun aims to balance the scales within Ethereum’s ecosystem.

The platform integrates a Fomo3D-style mechanism to support meme token trading with a user-co-built liquidity system. All meme tokens are required to allocate 100% of their initial liquidity into UniswapX, ensuring a transparent and user-driven ecosystem.

Half of all ETH donated is allocated to liquidity funding. On average, this mechanism provides 6 ETH for each new token issuance, creating a fair system where every token enjoys a free liquidity loan from user donations generated through the Fomo3D-like model.

This connection between user donations and meme token liquidity fosters fairness and transparency, encouraging broad community involvement. Jump.fun’s “6 ETH Uniswap Liquidity Loan” initiative promotes sustainable growth with strong community and project synergy.

The platform also allows users to quickly launch meme tokens with one-click deployment, enabling swift market participation without lengthy review processes. Developers and users alike can leverage market trends for a fair and dynamic trading experience.

Countdown incentives and reward allocation mechanisms further encourage community engagement, strengthening the long-term value of Ethereum’s meme market.

Jump.fun’s core pillars: issuance, donations, and community interaction

Jump.fun operates on three fundamental pillars—issuance, donations, and community interaction—working together to create a vibrant ecosystem for memetoken issuance and trading.

• Issuance: Jump.fun simplifies memetoken creation with customizable settings, including token name, symbol, and purchase options.
• Donations: The donation campaign funds liquidity pools for newly issued memetokens. Targets increase incrementally by 1% per stage, with a theoretical cap of 10,128.74 ETH. The current stage targets 464.6 ETH, with a cap of 924.6 ETH.
• Community interaction: Users engage in events like Liquidity War (or “LiqWar”) mode and Fomo3D-style donation campaigns, fostering a sense of urgency and collective engagement. This system also allows liquidity loans to be automatically repaid within 24 hours under Liquidity War conditions.

Through these pillars, Jump.fun creates a fair and transparent ecosystem for memetoken issuance and trading. With 800 million tokens (80% of the total supply) launched through donations, the project positions itself as a community-driven launchpad. Seven percent of donation funds go to the Fomo3D prize pool, reinforcing transparency and value.

Building a fair and competitive Ethereum meme ecosystem

Jump.fun distinguishes itself from initiatives like Pump.fun, which is exploring a social platform to merge content consumption with user activity. Instead, Jump.fun integrates social elements directly into its platform. Users can join or create communities, generate referral codes, and participate in collaborative initiatives that reward engagement.

Participants can earn rewards, including cashback on donations and referral bonuses, creating a mutually beneficial environment for traders, community creators, and referrers.

As project revenue grows, 100% is allocated to JUMP token repurchases, fostering long-term value for token holders. With its innovative approach, Jump.fun aims to become a phenomenon in the Ethereum meme ecosystem, delivering tangible benefits to its users while building a competitive, decentralized environment.

About Jump.fun

Jump.fun is a decentralized memecoin launchpad and PvP platform enabling one-click memecoin deployment on Uniswap. The platform ensures fairness by requiring 100% of token liquidity to be allocated to Uniswap. Additionally, all protocol revenue is automatically repurchased in JUMP, reinforcing the project’s decentralized ethos.

The unique LiqWar mode is also essential, with consecutive wins potentially resulting in an increase of the token’s theoretical value.

Coinratecap is happy to announce the end of their mining after several months of mining; we are set for Pre-sale on November 20th, 2024. 10:30 pm UTC.

Coinratecap started to empower individuals and crypto enthusiasts by offering transparency, tools, and insights into the market. Right from the beginning, the platform’s focus has been on community engagement and providing a space for users to connect, learn, and grow within the crypto world.

As a token listing and analytics platform, we aim to increase the visibility of potential valuable projects while engaging the community through incentives and opening income avenues for a community of crypto enthusiasts.

Coinratecap has secured partnerships with industry leaders, further expanding its ecosystem and credibility. Some of our notable Marketing and ecosystem partners include: SpunkySDX, Bitcoin.com, De.Fi, QuillAudits. Upcoming Partnership announcement – P2B exchange, and TonFish.

Collaborative efforts with these innovative platforms have helped Coinratecap align with a wider range of users interested in crypto utility and transparency.

Preparing for the Future: Presale and Token Launch – November, 20th 2024.

Coinratecap is now gearing up for a major milestone; its presale and token launch. This upcoming phase is a culmination of the platform’s journey, offering users an opportunity to acquire $CCAT tokens and fully participate in the Coinratecap ecosystem. The presale is a crucial step in the project’s evolution, setting the stage for even more growth and value creation in the future.

Set reminders for AMA and Presale Launch Party.
AMA Time: 9:00pm UTC

Pre-sale Launch Date:
November 20th, 2024.
Time : 10:30 pm UTC.
Presale site: ccat.coinratecap.com

Join our Socials:
Twitter — Twitter.com/coinratecap
Telegram channel — https://t.me/ccat_channel
Chats — t.me/officialcoinratecap
Discord — https://discord.gg/389tJCpkZp

zkSwap Finance, the first Swap2Earn platform in the ZKsync Era ecosystem, announced the release of four new features enhancing its unique, pioneering incentive model within the broader crypto market. This community-focused project is only in its second year but already boasts a versatile series of products enabling users to access a “thoughtful and sustainable economic model that drives innovation forward.”

The latest features from zkSwap Finance include:

The release of a frontend engine upgrade that now supports a faster and smoother user experience. This event is a significant milestone in the project’s development, which is now building the necessary scalability for future multichain expansion.

zkSwap Finance also introduces a Curve-style 3Pool Stableswap to provide more efficient stablecoin trading. Users can rely on this new functionality to enjoy faster swaps when using the platform’s integrated decentralized exchange (DEX).

The new Concentrated Liquidity pools (Uniswap v3 style) will boost the platform’s hyper-efficiency and provide seamless integration into the zkSwap Finance AMM. This recent also includes multiple fee tiers and other perks for zkSwap Finance users.

The fourth feature announced by zkSwap Finance involves a Universal Smart Router connecting all protocols and seamlessly integrating v2, v3, and Stableswap pools. These upgrades and the next ones aim to create a faster, more efficient, and more rewarding DEX experience for zkSwap Finance users.

The platform’s users are already familiar with Swap2Earn, zkSwap Finance’s unique model rewarding traders for swapping tokens on the native DEX in the zkSync Era. This feature creates a competitive atmosphere, encouraging all users to engage on the platform and unlock rewards that are appropriate to their activity.

Another popular zkSwap Finance product is DuoEarn. Users providing liquidity can earn rewards in $ZK and $ZF tokens. Participants can access fixed $ZK rewards, $ZF farming incentives, and a share of trading fees, with $ZK rewards airdropped monthly.

zkSwap Finance is the first platform in the zkSync Era ecosystem that enables users to earn platform tokens as rewards by swapping assets. In addition to Swap2Earn and DuoEarn, the platform offers other products, including zkSwap AMM DEX, Aggregator, Bridge, Heatmap, Lens, Bubbles, Paymaster, zkFlow, Longxfun, History, Portfolio, and Revoke.

About zkSwap Finance

zkSwap Finance launched in February 2023 with the mission to “develop a unique and sustainable product that stands the test of time.” Behind the project is a professional team of blockchain network specialists, technologists, entrepreneurs, and engineers who come from various backgrounds and possess various skills.

Three of the zkSwap Finance co-founders passed KYC procedures with CertiK. The latter is one of the industry’s most reliable security ranking platforms, and it also gave zkSwap Finance a 93.04 security score.

The KYC Silver Badge received from CertiK is a testament to the project’s intentions as expressed by its CEO, Ryan Yang “Transparency is paramount in fostering a robust community, and we’re committed to fostering an open and honest environment where everyone feels informed and appreciated.”

Yang also elaborated on the project’s mission and core values:

“At zkSwap Finance, our mission revolves around innovation, sustainability, and transparency. We’re dedicated to fostering an inclusive environment where everyone’s contributions are respected and valued. Continuous improvement is at the core of our ethos. We actively listen to and absorb feedback from our users, backers, and team members to enhance our product continually. Our focus lies in three key areas: innovating our protocol services, ensuring sustainability in our economic model, and maintaining transparency in our reward and operating policies.”

NEUTON is set to launch a pioneering Public Sale in Q4 2024, introducing the first AI-powered platform featuring both VPN and AI Chat services with an innovative fee rebate structure. Designed for user flexibility, NEUTON offers both fixed and pay-per-use plans, with all payments facilitated through its native NEUTON Token.

NEUTON, short for “Neural on The Open Network,” is poised to become a standout AI project on the TON blockchain. Backed by LF Labs, NEUTON is making waves with its upcoming Public Sale on the popular TON-based launchpad, Lovely Legends Launchpad. With confirmed exchange listings already on the horizon, NEUTON is generating considerable anticipation as it aims to bring advanced AI solutions to the TON ecosystem.

NEUTON Team is setting its sights on delivering top-tier quality at competitive prices, joining the ranks of industry leaders like NordVPN, Copy.ai, and Frase. With a commitment to excellence, NEUTON aims to raise the standard for AI-driven solutions in terms of both functionality and affordability.

NEUTON’s RoadMap

In a strategic move favoring Public Sale participants, the NEUTON team has crafted tokenomics that level the playing field, with pricing kept uniform across Private, KOL, and Public Sale rounds. Notably, NEUTON has opted not to apply vesting restrictions for Public Sale participants, whereas KOL and Private Round investors will adhere to vesting plans spanning 6 to 12 months. This approach reflects NEUTON’s commitment to accessibility and investor-friendly terms, making the Public Sale particularly attractive to new participants.

Website: www.neuton.pro
Telegram: https://t.me/neuton_pro
X: https://x.com/neuton_pro

ALIENX, the revolutionary AI-powered and EVM-compatible blockchain, is excited to announce the launch of its AIX token airdrop. The AIX token is now available for trading on major cryptocurrency platforms, including Bitget and Gate.io, offering global users an exciting opportunity to engage with the ALIENX ecosystem and participate in the future of blockchain innovation.

The ALIENX blockchain, which has successfully raised $17 million in funding, is a cutting-edge platform driven by AI Nodes and designed for maximum scalability and efficiency. Built on Arbitrum Orbit technology, ALIENX is designed to be fully compatible with the Ethereum Virtual Machine (EVM), providing seamless interaction with existing decentralized applications (dApps) while unlocking new levels of performance and functionality through artificial intelligence integration.

The AIX token, the native governance token of the ALIENX network, is the key to unlocking the full potential of the ecosystem.

The official launch of the ALIENX blockchain was achieved in strategic collaboration with several leading blockchain organizations, including AlienSwap, Offchain Labs, and Caldera. This partnership ensures a robust foundation for the network, enhancing security, scalability, and user experience.

For those who have previously interacted with the ALIENX network, the airdrop is available for claiming through the official website. Users can visit https://alienxchain.io/claim-aix to check their eligibility and claim their AIX tokens.

“We are thrilled to officially launch the AIX airdrop and make AIX available for trading on platforms like Bitget and Gate.io,” said a spokesperson for ALIENX. “This is just the beginning of what we believe will be a transformative journey in the blockchain space, leveraging AI to redefine how decentralized networks operate. We invite users from across the globe to join us and become part of the future of blockchain technology.”

About ALIENX

ALIENX is an AI Node-powered blockchain that is fully compatible with the Ethereum Virtual Machine (EVM), designed to offer unparalleled scalability, efficiency, and performance. With a focus on integrating artificial intelligence to enhance decentralized networks, ALIENX aims to lead the next generation of blockchain innovation. The project has secured $17 million in funding and is supported by strategic partnerships with key industry leaders.

For more information, please visit www.alienxchain.io

OkayCoin the leading cryptocurrency staking platform is launching its Green Staking Initiative to promote sustainable blockchain. The initiative allows users to participate in eco-friendly staking by supporting cryptocurrencies that use low-energy Proof-of-Stake (PoS) mechanisms.

OkayCoin’s Green Staking Initiative aligns with the global trend of energy efficiency in blockchain solutions as the conversation around environmental impact grows in the crypto space. “Green digital assets like Ethereum, Polygon, Cardano, and Avalanche operate on sustainable consensus models and will be staking on the platform.

Green Staking Initiative Highlights:

• Energy-Efficient Cryptocurrencies: Stake Ethereum, Cardano, and Polygon; all use low-energy PoS.
• Incentive to Join: Newbies get a $100 welcome bonus so joining is risk-free for them.
• Crypto Education Goes Green: OKCoin has 24/7 support and tons of info on green blockchain.

“We are excited to promote crypto staking in a way that contributes to a sustainable future,” said William Miller, CEO of OkayCoin. “Our users are not just earning rewards—they are actively supporting blockchain networks that minimize energy consumption.”

Why Green Staking Matters:

With growing scrutiny over the energy-intensive practices of traditional Proof-of-Work (PoW) systems, cryptocurrencies that rely on PoS mechanisms are increasingly viewed as viable alternatives. OkayCoin’s Green Staking Initiative enables investors to grow their assets while supporting eco-conscious blockchain projects that align with global environmental goals.

Staking Plans Tailored for Beginners and Experts Alike:

• Free Trial Liquid Staking: For anyone; requires USD 100 investment and pays USD 1.00 daily. The plan is for one day with minimal risk to try out staking.
• Ethereum Liquid Staking: For Ethereum enthusiasts; pay USD 6.00 daily for one day with USD 300 investment.
• Polygon Liquid Staking: Three days staking with USD 8.00 daily, a total of USD 24.00 for USD 800 investment.
• TRON Liquid Staking: Stake $1,200 for 7 days. Yield per day is $12.00, total reward is $84.00.
• Polkadot Liquid Staking: Invest $3,000 for 7 days and get daily rewards of $33.00 totaling $231.00.
• Celestia Liquid Staking: 14 days of staking with a daily reward of $72.00 each day, a total of $1,008.00 for a $5,000 investment.
• Aptos Liquid Staking: Investors can stake $10,000 for 15 days and get $140.00 daily, a total of $2,100.00.
• Sui Liquid Staking: 15-day scheme, sold for $20,000 but daily rewards are $280.00, a total of $4,200.00.
• Avalanche Liquid Staking: Investors can invest up to $35,000 for 20 days and get $525.00 daily, a total of $10,500.00.
• Cardano Liquid Staking: 30 days staking, invest $56,000 and get $896.00 daily, a total of $26,880.00.
• Solana Liquid Staking: Another 30 days option, invest $78,000 and get $1,404.00 daily, a total of $42,120.00.
• Ethereum Liquid Staking Pro: High-tier plan of $100,000 for 45 days will get $2,000.00 daily, a total of $90,000.00.

Newcomers can get started with simple, low-commitment staking plans while contributing to a greener crypto ecosystem. With a $100 welcome reward, new users have the opportunity to explore staking without upfront financial risk.

About OkayCoin

OkayCoin is a trusted leader in the cryptocurrency space, offering secure and user-friendly staking solutions for both novice and experienced investors. Known for its transparency, security, and scalability, the platform is dedicated to promoting sustainable blockchain solutions through its Green Staking Initiative.

Today, the Stacks Foundation announced that leading security firm Asymmetric Research has joined the Stacks ecosystem as a security contributor to the leading Bitcoin L2. The team is already making significant contributions to the ecosystem, acting as an embedded security team during their audit of the upcoming sBTC asset and joining the Stacks signer network through our delegation program.

Asymmetric has a proven track record of securing some of the industry’s most prominent protocols. It is the security partner for leading bridge Wormhole, Jump Crypto, several top DeFi projects, and leading protocols such as Solana, Cosmos, Berachain, and others. Asymmetric is also a core contributor to Solana’s highly anticipated new validator client, Firedancer.

Signers play a critical role in the Stacks network, securing the deposit and withdrawal process between BTC and sBTC, ensuring a seamless and secure transfer of BTC to the Bitcoin L2 ecosystem. Asymmetric will join other industry leaders in supporting the network and overall security of sBTC, including BitGo, Blockdaemon, Copper, Figment, Kiln, Luganodes, Chorus One, and more than 30 other institutional node operators, making the Stacks Signer network the most robust in the Bitcoin ecosystem.

The release of sBTC, expected in Q4 of this year, will offer developers a trust-minimized, decentralized, programmable Bitcoin asset. The asset is 1:1 Bitcoin-backed and will allow developers to leverage the security, network effects, and 1.2T in latent capital of the Bitcoin network. Among other use cases, sBTC will enable more secure forms of Bitcoin DeFi which is expected to be a major catalyst in activating the Bitcoin economy.

For any project, layers of security are crucial, and Asymmetric Research represents one more major addition to Stacks’ overall security program. This program already includes sBTC’s decentralized network of validators/signers (removing the need to entrust a single entity and mitigating counterparty risk) and sBTC’s design to include 100% Bitcoin finality, securing sBTC at the consensus level of a $2.5 billion network.

In addition to numerous audits, including Asymmetric Research’s audit efforts, other initiatives this year have added to a well-rounded approach to Stacks security. This includes direct and ongoing testing with the aforementioned leading Signers, the onboarding of Hypernative, the emergence of a dedicated whitehat security program, a consultation agreement with the Staking Defense League, an ongoing Immunefi bug bounty program, and dedicated Stacks Foundation Residents focused exclusively on fuzz and penetration testing throughout 2024.

“The value of building on Bitcoin comes down to security. It’s not enough to simply build on Bitcoin— ecosystems must prioritize securing activity at all layers as we collectively look to unlock the Bitcoin economy. With Asymmetric Research, the Stacks ecosystem is adding yet another high-caliber entity to the mix of industry leaders collaborating to make sBTC the best version of programmable sBTC available. Stacks core developers and Asymmetric share a commitment to protecting users and developers, and in addition to being a match in technical pedigree, are culturally aligned groups that will enhance each other’s thoughtful and rigorous approaches.” Mitchell Cuevas, Executive Director at The Stacks Foundation said.

Jonathan Claudius, Chief Executive Officer at Asymmetric Research added, “Asymmetric Research is proud to participate in the Stacks ecosystem as it pioneers trust-minimized, decentralized assets like sBTC.”

Please join us in welcoming the Asymmetric Research team to the Stacks Ecosystem, and look out for more information in the coming weeks about how you can engage with the work they will be doing.

About Stacks

Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The 2024 Nakamoto and sBTC releases will bring faster speeds and transactions backed by 100% Bitcoin finality. ‍Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $500B in passive capital as a fully programmable, productive asset. The Stacks (STX) token, used as gas on the L2, was the first to undergo an SEC-qualified sale in the United States. The project explicitly decentralized with the mainnet launch in 2021. In the Stacks ecosystem, there are currently 30+ contributing entities including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and more.