In this article, we’ll explore what tokenbot (CLANKER) is, the team behind it, how to deploy tokens using Clanker and how to trade CLANKER on Bybit.

 (CLANKER) is a tool that lets anyone create and manage tokens directly within Farcaster, a decentralized social network that runs on Base. 

In this article, we’ll explore what tokenbot is, meet the team behind it, explain how it leverages Farcaster for on-chain actions, dive into CLANKER’s tokenomics and recent price performance and wrap up with key takeaways and cautionary points for prospective users.

tokenbot (CLANKER) is a protocol that lets users launch custom tokens simply by tagging the tokenbot agent in a post (also known as a “cast”) on Farcaster, a decentralized social network built on 

Rather than manually deploying a token or dealing with multiple third-party tools, creators can use the tokenbot protocol to mint a new token, specify supply parameters and let the autonomous 

 includes blockchain engineers and developers from Coinbase and Twitter (now X), including alex (proxystudio.eth), Jack Dishman, Bryce Tayengco, Lily Johnson, Carter Appleton and Michael (m00npapi.eth).

Farcaster is a decentralized permissionless social network protocol built on Base, the Ethereum Layer 2 network incubated by Coinbase. It offers a lightweight framework for apps to read (and users to post) “casts” (messages) while using Ethereum wallets for identity. 

tokenbot leverages Farcaster’s messaging layer to transform social commands into on-chain token deployments. It uses an autonomous artificial intelligence (AI) agent to introduce tokenization to Farcaster, the decentralized social network.

The following is a list of supported quote tokens for deployment in the liquidity pool:

For more information, you can refer to the 

The following are the tokenomics of CLANKER:

 at approximately $38.09, down 2.8% over the past week. It has a 24-hour volume of around $7 million and a market cap of $38 million.

tokenbot (CLANKER) simplifies token creation by marrying Farcaster’s social commands with Base’s efficient Layer 2 execution. Its accessible workflow, community rewards and governance model put token issuance in the creators’ hands. 

However, the novelty of social-first token creation carries risks — new tokens can be illiquid, vulnerable to 

 before minting or trading CLANKER, and consider security and market factors before diving in.

 the listing of the CLANKERUSDT Perpetual contract, giving Bybit traders up to 20x leverage to long or short CLANKER. Simply head to the 

Intermediate

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tokenbot (CLANKER): AI agent for effortless token creation on Farcaster

Stripe is testing a new US dollar-backed stablecoin product for businesses outside the U.S., U.K., and Europe, aiming to expand the dollar's global footprint.

Daily top performer — Pudgy Penguins (PENGU)

S&P 500 futures dipped as over 180 S&P companies prepare to report earnings this week, following a 4.59% gain last week amid easing US-China trade tensions. Gold prices dipped to around $3,310 as easing US-China trade tensions reduced safe-haven demand, though recession fears may limit further losses ahead of key US economic data releases. Fed hawkishness may cap gains. CoinDesk Indices, which tracks the broader crypto market, fell 0.72% in the past 24 hours, while Bitcoin and Ether dropped 0.19% and 1.07%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is PENGU, rising by 27.5%, following Pudgy Penguins' recent expansion into multiple industries and their celebration of World Penguin Day.

Pudgy Penguins (PENGU), launched in July 2021, is a popular NFT collection known for its cute artwork. It has expanded into physical products like toys, generating over $10 million in sales, and the collection now holds a market cap of over $1.19 billion. Pudgy Penguins and $PENGU were recently 

 as a fitspo in Wisdom Kaye's content, marking a major milestone for their influence across industries. Additionally, last Saturday, the brand celebrated 

, highlighting its continued growth and impact beyond the NFT space. This showcases Pudgy Penguins' expanding presence and reach in multiple sectors.

Check out the latest prices, charts, and data of 

 a new US dollar-backed stablecoin product for businesses outside the U.S., U.K., and Europe, aiming to expand the dollar's global footprint. This follows Stripe's acquisition of Bridge, a stablecoin payment network, which competes with the SWIFT system. Stripe has a history with crypto and recently introduced stablecoin payments in over 70 countries. The company sees this new product as a decade-long ambition, with the stablecoin market growing significantly in 2025.

BTC spot ETFs saw $3.06B of net inflows for the week ending 25 April 2025, with $2.97B from non-GBTC products and $94M from GBTC. Since inception, ETFs have accumulated $38.4B in net flows, with non-GBTC products contributing $61.1B and GBTC seeing $22.7B of outflows.

GiveRep, a decentralized reputation protocol on Sui, has 

 a points program where users can earn Reputation Points by tweeting about GiveRep and its Loyalty projects to qualify for an upcoming airdrop. A minimum of 100 X (Twitter) followers is required, and participants may also earn bonus airdrops from partner projects.

Beginner

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Stripe launches testing for global stablecoin payments after Bridge acquisition

Initia is a blockchain ecosystem that unifies Layer 1 security with customizable Layer 2 rollups through its Interwoven Stack architecture. Learn more here.

 ecosystem forces developers to choose between security and customization, while fragmenting liquidity across isolated chains. Enter Initia (INIT), a groundbreaking protocol that reimagines blockchain architecture by seamlessly integrating 

This article examines Initia's Interwoven Stack architecture, its innovative economic features and the INIT token's utility and distribution, and considers whether this ambitious ecosystem redesign represents a promising investment opportunity following its recent mainnet launch.

 is a blockchain ecosystem that unifies Layer 1 security with customizable Layer 2 rollups through its Interwoven Stack architecture, enabling developers to build specialized application chains without sacrificing interoperability or liquidity or requiring deep infrastructure expertise.

Initia emerged in 2022 when Stanford Liu and Ezaan "Zon" Mangalji left Terraform Labs to tackle blockchain's fragmentation challenges. They later added ecosystem lead OmniscientAsian from Sino Global Capital to help create a more streamlined blockchain infrastructure.

The project quickly gained investor backing, starting with Binance Labs' pre-seed funding in October 2023. This was followed by a $7.5 million seed round led by Delphi Digital and Hack VC, then a $2.5 million community round and a $14 million Series A that valued Initia at $350 million by late 2024.

Initia aims to eliminate the traditional security/customization trade-off in blockchain by creating a unified ecosystem that allows both to coexist. By establishing a central hub for all rollups, the project combines the advantages of monolithic security with the flexibility of modularity, thereby eliminating the fragmentation that currently plagues blockchain systems.

The platform's integrated stack simplifies blockchain development with pre-built solutions that work together seamlessly. Users benefit from Initia's Universal Accounts system, which provides a consistent experience across all connected chains, eliminating the need for multiple wallets or managing different tokens for gas fees.

By introducing economic alignment mechanisms such as the 

, Initia creates an environment in which developers can focus solely on innovation in their applications. This shift away from infrastructure concerns toward product development aims to enhance capital efficiency and drive broader adoption of blockchain.

Initia fuses Layer 1 (L1) and Layer 2 (L2) technologies into a unified architecture with three distinct components. The foundation is Initia L1, built on Cosmos SDK, which functions as the orchestration layer. This base provides security, governance and interoperability.

Above this foundation, Interwoven Rollups (Minitias) provide developers with customizable Layer 2 environments, allowing them to select their preferred virtual machine (

, Move or Wasm), define unique gas token systems and implement specialized transaction ordering mechanisms. 

Binding everything together is the Interwoven Stack, a comprehensive framework that provides all necessary tools for building and deploying rollups without requiring developers to source and integrate disparate components.

The system leverages optimistic rollups through the OPinit Stack to achieve remarkable transaction speeds (up to 10,000 

) while maintaining security. Transactions processed via L2 rollups are submitted to Initia’s L1 for finalization, with data availability secured through 

Initia provides the following core features that work together to simplify development and unify the blockchain ecosystem.

Initia L1 serves as the foundational layer and central coordination hub for the entire ecosystem. Built on the Cosmos SDK with CometBFT and MoveVM, it provides essential services, including network security, governance mechanisms and liquidity solutions through InitiaDEX.

 (also known as Minitias) are flexible Layer 2 blockchains built on top of Initia L1. These rollups rely on the orchestration layer for security and data settlement, operating without native 

 while enabling advanced rollup functionalities.

Developers can customize their rollups by selecting from multiple virtual machines and defining their own gas token and fee structure. This flexibility enables application-specific optimizations and economic models, at the same time maintaining seamless interoperability within the broader Initia ecosystem.

The Interwoven Stack is Initia's comprehensive, all-in-one solution, designed to empower developers in building and deploying rollups with unmatched ease. Instead of requiring developers to research and piece together numerous components — such as wallets, explorers and 

 — the Stack provides everything needed right out of the box.

At the core of this framework is OPinit Stack, designed exclusively for optimistic rollups within the Cosmos ecosystem. It includes mechanisms for fraudproofs and rollback capabilities and supports multiple virtual machines, which allows developers to focus solely on building their applications, rather than configuring complex infrastructure.

The Vested Interest Program (VIP) is Initia's novel incentive alignment mechanism that’s designed to address common issues in multi-rollup ecosystems. It addresses the misalignment of incentives for high-activity 

 (DApps), the economic underutilization of the native token and the inefficient distribution of protocol-level incentives.

VIP programmatically rewards valuable economic activities by allocating INIT tokens to rollups that create innovative applications, and to users who perform beneficial actions. This approach ensures that rollup teams, users and token holders all share aligned interests in the ecosystem's long-term success.

 (DEX) built on the Initia L1, functioning as the central liquidity hub for all Interwoven Rollups. It features Balancer-style weighted pools for diverse asset pairs, and 

 pools for assets with closely correlated prices, ensuring an optimal trading experience.

Enshrined Liquidity is Initia's solution to the traditional dilemma in 

 (PoS) systems, whereby token holders must choose between either staking for security or providing liquidity. It allows governance-whitelisted InitiaDEX liquidity positions (INIT-TOKEN pairs) to function as staking assets alongside the native INIT token.

Users can earn both staking rewards and trading fees from a single position, dramatically improving capital efficiency. To qualify, LP tokens must include INIT as part of the pair (with at least 50% weight for Balancer pools) and receive 

 approval, which also determines reward weight distribution among all whitelisted tokens.

Minitswap eliminates the days-long waiting periods typically required by optimistic bridges when moving assets from rollups to Layer 1s. Users can instantly swap their rollup tokens for L1 assets through liquid trading pairs, creating a frictionless experience for asset transfers throughout the Initia ecosystem.

 offers a unified interface for managing assets across multiple rollups, thereby facilitating cross-chain transfers and accessing DApps. By abstracting multichain complexity into a single interface, users can navigate the entire Initia ecosystem without confronting technical barriers or fragmented experiences.

Initia's bridge technology enables secure token transfers between Initia L1 and rollups using an optimistic bridge model. The OPinit Bridge leverages Cosmos SDK modules, and operates through two key components that work in tandem to ensure system integrity.

The Executor handles token movements, output submissions and data relay, while the Challenger monitors for invalid proposals and provides security oversight. This balanced architecture delivers verifiable cross-chain communication that maintains the integrity of both L1 and L2 chains while enabling reliable asset transfers throughout the Initia ecosystem.

Initia reached a major milestone with its successful mainnet launch on Apr 24, 2025. Before then, the project had completed several critical developments, including the MiniEVM and MiniMove frameworks, the deployment of InitiaDEX and the implementation of the innovative Vested Interest Program.

The immediate post-launch phase is focusing on expanding the ecosystem by onboarding strategic partner projects across 

 and enterprise sectors. This expansion demonstrates Initia's versatility as it builds a network of interconnected Interwoven Rollups that leverage the platform's unified infrastructure.

The INIT airdrop will distribute 50 million tokens, representing 5% of the total supply, to early supporters and community members. This allocation is strategically divided across three main categories: testnet participants (89.46%), social contributors (6.04%) and Interwoven Stack partners (4.50%).

The largest portion (44.7 million INIT) is being designated for the 194,294 users who participated in Initia's public testnet campaigns, particularly those who engaged with interactive 

 activities. Additional allocations target users from partner ecosystems, including LayerZero, IBC and milkTIA holders.

Following the mainnet launch on Apr 24, 2025, eligible participants will have a 30-day claim window to secure their tokens. This airdrop serves as both a community-building initiative and a strategic token distribution to those most likely to contribute to the ecosystem's growth.

INIT is the native token of the Initia ecosystem, with a fixed total supply of 1 billion. Initial circulating supply at launch was 148.75 million INIT, representing 14.88% of the total supply. The token’s distribution is strategically designed to ensure long-term sustainability and broad community engagement.

INIT enables staking to secure the network, powers governance decisions for protocol changes, facilitates cross-rollup operations between different Minitias and provides liquidity through InitiaDEX. This utility-driven model ties INIT's value directly to ecosystem activity and adoption.

Looking to trade Initia tokens? Bybit now offers the INITUSDT Perpetual contract following the recent mainnet launch. To get started, you'll need to create a Bybit account, fund it with cryptocurrency and navigate to the 

While Initia represents a groundbreaking approach to blockchain scalability through its interwoven architecture and unified liquidity model, investors must carefully weigh its significant growth potential against relevant risk factors.

Initia shows promising potential with its comprehensive ecosystem approach and significant financial backing. In addition, growing demand for scalable blockchain infrastructure that doesn't sacrifice security or customization provides a favorable market environment. However, potential investors should 

 and consider their individual risk tolerance.

Initia revolutionizes blockchain architecture by creating a multichain environment in which thousands of appchains can coexist harmoniously through modularity and orchestration. With established financial backing and over 16 appchains already onboarded at mainnet launch, Initia could transform the way blockchain applications are built, deployed and interconnected.

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Initia (INIT): The Interwoven Stack behind scalable rollups

Apr 28, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — US-Sino trade conflicts cool down

China is considering suspending its 125% tariff on certain US imports, including medical equipment and industrial chemicals like ethane, due to the economic impact of the trade war. Discussions are also underway to waive tariffs on aircraft leases, which are financially burdensome for airlines.

This potential move has boosted investor optimism, with Asian shares rising and the yuan recovering losses. Analysts view this as a step toward de-escalation, although significant differences between the US and China remain.

The proposed exemptions align with recent US tariff exclusions on electronics, highlighting the intertwined nature of the two economies. Chinese companies reliant on US goods, such as advanced medical equipment and ethane, have reported some shipments arriving without tariffs.

While the list of potential exemptions is still being finalized, authorities have requested companies submit customs codes for necessary goods. Reports suggest China may also waive tariffs on at least eight semiconductor-related products, excluding memory chips, which could impact companies such as Micron Technology.

Overall, while investor interest grows, relations between the two nations still face challenges, with China demanding the US revoke unilateral tariffs before resuming trade talks.

Traders have heavily invested in Cantor Equity Partners Inc, a blank-check company merging with Twenty One Capital Inc., which is backed by Tether, Bitfinex and SoftBank. Since the April 22 merger announcement, Cantor's stock has surged 197%, closing at $31.50 on Friday.

The merger includes a convertible debt offering, potentially leading to a market capitalization of about $12 billion that would far exceed the estimated $4 billion value of the Bitcoin it’s expected to hold. This would reflect strong demand for crypto-related investments.

Analysts note that investing in such vehicles is akin to betting on Bitcoin's growth. Public special-purpose acquisition company (SPAC) shareholders are projected to own 2.7% of the new company, while major stakeholders like Tether and SoftBank will have substantial shares. Overall, the market is optimistic about this collaboration in the digital asset space.

Advanced

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Weekly Institutional Insights: Trade conflicts cool down as crypto SPAC sees popularity

GameFi

Metaverse

web3

UFO Gaming is a community-owned, decentralized play-to-earn (P2E) gaming platform that aims to bridge traditional gaming onto the blockchain.

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Long before Facebook rebranded to Meta and popularized the concept of the 

After years of building and development, the visionary team at UFO Gaming finally gave the world access to its Dark Metaverse through a much-hyped launch party held in late July 2022.

But with so many metaverse-themed projects mushrooming around the crypto space, what sets UFO Gaming apart? Is it the next eSports giant?

Let’s immerse ourselves in the Dark Metaverse and find out.

 (P2E) gaming platform on a mission to build a bridge from traditional gaming to blockchain.

 to unlock the infinite possibilities of the virtual world.

 governance structure ensures that the project is fully decentralized and focused on empowering its community.

Powered by its utility token, UFO, this next-level gaming project has created an ecosystem that incentivizes you to earn while playing. It has a staking 

 that lets you stake and mint, and earn rewards. You can also own virtual land and other valuable digital assets through 

Apart from the creation of a Dark Metaverse, UFO is keen on making its mark on the multi-billion-dollar eSports industry through tournaments, streaming and sponsorships.

UFO’s primary focus is on blockchain-based gaming. Its gaming platform is 100% owned by its community. The development team is keen on building a user-friendly system for everyone. 

The facets that make up the UFO ecosystem consist of the following.

A core component of UFO’s operations is its immersive, imaginary planet known as the Dark Metaverse. In this metaverse-themed, infinite ecosystem, you’ll find play-to-earn (P2E) games with breedable in-game NFTs, virtual land and a metaverse launchpad. 

, meaning that the games on its platform aren’t confined to Ethereum’s network; they can be built on other blockchains as well. The Dark Metaverse also operates using sub-economies that consist of virtual areas which you can own. Virtual land on the Dark Metaverse is in the form of ERC-721 tokens (NFTs), which can be minted or purchased using UFO tokens. 

The largest landowners in the Dark Metaverse are known as "Eternals." They’re considered to be profitable for the entire metaverse, and they have influential DAO rights. 

New planets will continuously be added to this metaverse, which will signify a new game is following right behind. Once you inhabit a planet on the Dark Metaverse, you’ll have access to new game launch sales and grow your revenue as the game rolls out. 

The Dark Metaverse will also feature an NFT marketplace, and collaborate with 

 to launch an in-house, cross-chain DEX. Once the DEX is launched, there will be more ways to monetize UFO Gaming assets through cross-chain swaps, staking and NFT staking.

Super Galactic — UFO Gaming's First Metaverse Game

The first game to launch on UFO Gaming’s Dark Metaverse is 

 is an arcade action game (ARG). You can breed digital soldiers (in the form of NFTs), and use them in battles to earn rewards. 

, which ensures minimal gas fees. It has a next-level gaming interface with finite in-house NFTs known as UFOeps. They’re the playable characters needed to participate in 

 uses a three-token system consisting of UFO, Plasma Points and UAP tokens. To start playing the game, you’ll need to stake UFO on 

With your staked tokens you’ll earn Plasma Points, which you can use to buy the UFOeps needed to play the game. 

You can also breed your own soldiers, which requires UAP tokens. These tokens are obtained by participating in daily quests and completing missions. While UFO and UAP tokens are tradable, Plasma Points are only for minting UFOep NFTs. 

Apart from P2E NFT games, UFO Gaming is also targeting the larger gaming industry through eSports, streaming and tournaments.

The project has partnered with established streamers to host tournaments with enticing prize pools. For example, UFO Gaming held an 

 in which gamers competed for a $10K prize. Furthermore, UFO Gaming has collaborated with Horizon to 

Decentralized Autonomous Organization (DAO)

UFO Gaming is community-governed and operates as a 

 (DAO). To vote on proposals, you need to hold UFO tokens which give you an equal right on the success of the project. 

 standard, and acts as the primary token of the UFO Gaming platform. It’s used for staking to generate Plasma Points, with which you can purchase playable characters for gaming. 

UFO tokens are also used to provide liquidity on 

 by locking them in the UFO-ETH liquidity pool, where you’ll receive a share of the fees generated.

, The Cosmos, that lets you stake UFO or UFO-ETH LP tokens to earn Plasma Points and extra UFO tokens using a dual-reward system. All UFO rewards have a vesting period of 12 months (meaning you can only claim them after one year). 

, you can choose to single-stake UFO tokens, which earn you 25% of the pool, or LP stake UFO-ETH LP tokens which attract 75% of the Plasma Points pool. 

In addition, you can opt for locked or flexible staking. Flexible staking allows you to remove your tokens at any time. On the hand, locked tokens are staked for 1–52 weeks and attract more rewards. The longer the tokens are locked, the higher the rewards.

Note that while the tokens are Ethereum-based, the staking is done on the Polygon Network. This means that you need to bridge your tokens from Ethereum to Polygon before you can start staking.

All of the UFO tokens are 100% community-owned. Fifty percent of the total supply of 51,515,151,515,515 tokens were added to Uniswap, while the remaining 50% were permanently burned. The current circulating supply is at around 25,757 trillion tokens, which also represents the total remaining supply. Its current price is $0.000002122 ( as of Sept. 20, 2022).

Since the launch of The Cosmos, UFO Gaming’s staking DApp, UFO rewards for stakers will be emitted over a period of 12 months. However, the distribution won’t have an inflationary effect, since all of the remaining UFO tokens are already in circulation. The tokens for rewarding stakers have been provided by the project partners and team. 

(MANA) have disrupted traditional gaming. The futuristic concept of a metaverse has been received positively, especially by the gaming world, and is expected to grow significantly in the next few years. 

That said, UFO Gaming has been built by a team of gaming lovers, each of whom has been in the crypto industry for over six years. Its combination of community ownership and a metaverse realm that has NFTs, virtual land, a launchpad and highly-accessible games makes UFO Gaming a strong project. 

Upon launch in July 2021, the UFO price was relatively static However, the price started to rise steadily in the months that followed, reaching its highest price of $0.00005569 at the end of November 2021 during the crypto bull run.

After that, the price began to decline steadily, finding support around the $0.000002 range. The UFO price has been trading sideways since March 2022, though it experienced a slight price spike in August 2022. 

Experts have mixed sentiments about the future price of UFO tokens. WalletInvestor is bearish, forecasting 

 for UFO. According to their technical analysis, the highest that the price could go by 2025 is $0.000005595. 

 that UFO could reach a maximum level of $$0.00000910 in 2025, and break its all-time high in 2030 by hitting $0.00005630. 

However, let’s look at the UFO price prediction from a cautiously optimistic angle. UFO has been categorized as a metaverse token. Unlike most of the tokens in this category, UFO may be the only one still below $1.

Considering that the UFO token is still a low market-cap coin, there’s room for a significant price increase. Therefore, UFO’s price is one to watch as the project launches new games and opens up its network for developers to integrate their games on the platform. 

Remember, cryptocurrency prices are prone to extreme volatility. Always do your own research and your due diligence before investing in any token. 

The team at UFO Gaming is on an ambitious mission to create a gaming platform that’s built for the real world. By leveraging blockchain technology, the project continues to open up the infinite possibilities of the metaverse to gaming enthusiasts.

Based on the superior architecture of the 

 game, UFO Gaming’s Dark Metaverse seems to have caught the gaming community’s attention. As more games launch on its platform and the team continues to make a mark on the eSports industry, UFO Gaming could be another metaverse project headed for a breakout. 

UFO Gaming Crypto: Into the Dark Metaverse

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