SPX6900 (SPX) is a unique cross-chain meme coin aiming to surpass the S&P 500 market cap. 

 have held investors’ attention for years, both for their entertainment value and the potential to skyrocket in value. SPX6900 (SPX), one of the newer meme coins to reach center stage in the public eye, stands out with its unique goal to achieve a higher 

 than the S&P 500. As of Oct 14, 2024, the price of SPX has skyrocketed by 142% over the past week — and more than 7,600% over the past month. A look at what’s driving this rally reveals the SPX coin's potential rewards and risks.

Introduced as a parody of the Standard and Poor’s (S&P) 500 stock market index, 

 (SPX) aims to surpass the S&P 500’s market capitalization of more than $45 trillion.

 It asks the question, "Why would you invest in 500 when you can invest in 6,900?" This meme coin has recently seen growing interest and considerable price growth, sparking additional interest from crypto traders and a sharp rise in token holders in a matter of just days.

The total supply of SPX6900 (SPX) tokens is 1 million, with a current circulating supply of just under 931 million tokens. SPX6900 (SPX) can be traded across the 

 (ETH) chains. Most of SPX6900’s liquidity is on the Ethereum blockchain, but there are bridged versions of the coin on Base and Solana, which, although offering lower gas fees, may be subject to greater 

Currently, the market cap for SPX6900 (SPX) is $790 million. Its lofty goal of reaching $69 trillion illustrates its community’s desire to overtake the S&P 500 and usher in a new way to invest.

While many people may be hearing of SPX6900 (SPX) for the first time, this meme token is actually a year old. Recently, interest in the token spiked when BitMart became the first exchange to list it, leading many to expect SPX to be listed in upper-tier exchanges in the near future. Previously, it was only available on 

 (UNI). The deep interest in SPX6900 is evident in the steep growth of the number of holders over the past month. Just a few weeks ago, roughly 5,000 people held SPX6900 SPX coins. As of Oct 14, 2024, there are now 

In addition to the positive effect on SPX’s price from the BitMart listing, recovering prices of other major cryptocurrencies have lifted SPX6900’s price in recent days. As of Oct 14, 2024, the total market cap for all cryptocurrencies reached $2.29 trillion.

While SPX6900 (SPX) stands apart from other meme coins in several ways, the SPX token’s price is rooted in its entertainment purposes and value. Many investors may join due to a 

 (FOMO) mentality. However, when a crypto community’s sentiment shifts, a token’s value can plummet instantly. This extreme volatility creates risk for investors.

In addition, the SPX token’s price is also driven by market fundamentals. For example, enduring high inflation could push the U.S. Federal Reserve to maintain high interest rates. The 

 is currently hovering at a “yellow” neutral zone of 48, which may drop to the “orange” fear zone at any time. This might place SPX6900 in danger of losing its value as investors could panic and sell their coins.

The price of the SPX token as of Oct 14, 2024 is $0.849, or 9% lower than its all-time high of $0.96 on Oct 13, 2024, and over 66,000% higher than its all-time low price of $0.0013 on Feb 4, 2024. SPX has a fully diluted valuation of $790.31 million and a 24-hour trading volume of $70.99 million. Its trading volume has skyrocketed over the past week due to the rally.

SPX6900 (SPX) is available on a limited number of exchanges. Currently, you can purchase the SOL-based version of SPX on 

 a next-generation DEX that uses i-SMART technology to elevate your trading experience. This technology is accessible through all-new features like Real-Time Trending Indicators, Social Check and Influential Trader Tracking. Bybit Web3 DEX Pro also offers safety assessments, cross-chain functionality and seamless wallet integration. It functions interoperably with nine blockchains, including Solana, Ethereum, Base and Polygon.

The SPX6900 NFT collection, known as Project AEON, has a fascinating backstory. This collection holds 3,333 beautiful otherworldly beings known as Aeons, born out of a quantum glitch. These Aeons are not only enchanting, but also focused on a crucial mission: to flip the S&P 500. They could further boost the price of the SPX6900 token with their entertainment value, which could build a robust fan community around the meme coin and its NFTs.

SPX6900's price spiked with its recent listing on BitMart, and may soon crest again if SPX is listed on other exchanges. However, like other meme coins, SPX has no intrinsic value and its price is highly volatile, driven by community hype, celebrity backing and speculation. Additionally, given the price rally that’s been ongoing for almost one month, there’s a chance that the coin’s price has already peaked. 

As is true with all cryptocurrencies, investors shouldn’t risk more money than they can afford to lose when considering buying SPX or any other crypto token. 

Beginner

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SPX6900 (SPX): The Meme Coin Aiming to Dethrone the S&P 500

Bonfida (FIDA) establishes decentralized identities on Solana, enabling users to manage web3 domain names through the Solana Name Service (SNS).

 identity is a unique way to identify yourself as you interact with 

 (DApps). Not only does an on-chain identity allow you to transact in a decentralized and permissionless way, but it’s also your gateway to systems such as 

 (DAOs), where you can use it to influence governance.

To facilitate the creation and use of human-readable on-chain identities, Bonfida has built a blockchain-based identity infrastructure on 

 (SOL) that’s home to the Solana Name Service (SNS). Users can access various web3 name service components. Furthermore, Bonfida has integrated the 

 bridge to enhance the interoperability of domain names across different 

Let’s look at Bonfida and its innovative approach to helping you build an on-chain reputation.

Bonfida (otherwise known as Solana Name Service) is a blockchain naming service and domain provider on Solana that’s designed to provide a user-friendly platform for creating and building your 

Having officially rebranded to Solana Name Service (SNS) in July 2024, Bonfida leverages Solana’s low latency and affordability in order to provide an innovative domain management and naming service.

Founded by computer engineer David Ratiney, Bonfida was born after Ratiney came across Solana and the 

 DEX. He believed a platform to make products and applications more accessible was needed.

 domain, Bonfida works on cross-chain interoperability through integration with Wormhole to allow you to transact with a single domain name across multiple chains and platforms. Moreover, you can link your SNS domain to your X (formerly Twitter) handle so you can send and receive assets through X.

The FIDA token is at the heart of the Bonfida ecosystem, where it provides access to a privileged fee structure on Solana, and discounts when registering 

Bonfida (SNS) doesn’t operate solely as a standalone name service. With your decentralized domain name, you can transact seamlessly on Solana, including with popular 

The Bonfida SNS domain is hierarchical, with the Root domain being positioned at the top. The Root domain is parent to the .sol top-level domain (TLD) and Twitter TLD. Below the .sol TLD and Twitter TLD are their respective “children” (subdomains). Upon 

 Twitter/X handle, it becomes the subdomain of the Twitter TLD.

To facilitate reselling domains on third-party NFT marketplaces, SNS domain names are tokenized as NFTs. In order to enhance efficiency and ensure a seamless experience for domain traders, Bonfida has introduced the 

 feature, which aggregates all the major marketplaces where SNS domains are available and their listed prices/offers.

Additionally, to ensure a more “human” experience when transacting on Solana, transactions on Solscan can be tracked using domain names, rather than the long string of alphanumeric characters commonly used on other sites, which can be cumbersome to memorize.

SNS also has an anti-squatting feature that helps prevent your domain name from being victimized or impersonated by scammers, especially for trademarks or well-known brands. Ideally, users are encouraged to reserve domains early or at the conception of their ideas. Bonfida has allocated over $500,000 to an anti-squatting fund that will be used to buy back squatted/stolen domain names for established identities.

 is an SNS feature that facilitates the easy and quick selling of .sol domains specific to a category. It was introduced to increase liquidity for domain name sales and facilitate fair distribution of domain names, leading to a healthier ecosystem.

If you want to place a bid, you need to go to the SNS website, browse a category, make an offer and then wait for the deal to be finalized. As a domain seller, you can instantly sell your domain by accepting an offer made by bids on your category.

On May 5, 2023, Bonfida eliminated its FIDA 

 system in favor of a new liquidity incentives program that will benefit the whole SNS ecosystem. The new program was designed to solve the challenges of suboptimal governance voting, and incentivize active participation in the ecosystem.

Bonfida’s liquidity incentives program rewards users for providing real liquidity in different categories. Bidders who place bids close to the floor price also receive rewards. The program is meant to ensure both the fair distribution of .sol domains across all categories and a more engaged ecosystem.

 and Hyperspace, through an auction or at a fixed price. Alternatively, you can register a new one on 

 at a fixed price based on character length.

Once you’ve purchased the domain, it will automatically be linked to your Solana wallet address, after which you can use the .sol address to transact. The .sol domain doesn’t attract any fees, and it belongs to you for life. It can also be sent to other wallets at a low gas fee.

FIDA is the native token for the Solana Name Service protocol. A maximum supply of 1 billion FIDA tokens were distributed in December 2020, as follows:

As a utility token, FIDA plays various roles in the Bonfida ecosystem. FIDA token holders receive certain privileges on SNS, such as access to reduced fee tiers when transacting domain names and a 5% discount when registering domain names. Another crucial role of FIDA is to power the platform’s 

. FIDA is also envisioned as being part of Bonfida’s improved governance system, which combines quadratic voting.

Almost 100% of the fees collected from registering SNS domain names power the Bonfida Buy & Burn program. Once FIDA tokens have been collected from these purchases, they’re burned and removed from the circulating supply, thus enhancing FIDA's long-term value. The buy and burn is done daily at a specific time, and only a specific amount of FIDA can be burned daily.

 Perpetual contract, with leverage of up to 12.5x. FIDA has been listed on 

, a program that lists Perpetual contracts handpicked by Bybit's professional team.

This program gives you direct and transparent access to innovative projects with the potential for both higher returns and associated risk. Due to the risky nature of such projects, trading fees are comparatively high.

As of Oct 10, 2024, FIDA is trading at $0.23, a 98.8% drop from its all-time high (ATH) price of $18.77 on Nov 3, 2021, and a 105.8% increase from its ATL of $0.11 on Dec 22, 2020.

Price prediction experts are relatively bullish on the future price of FIDA. According to the CoinCodex price prediction platform, FIDA 

 a yearly high of $1.11 in 2025 and $1.50 by 2030. Another price prediction site, DigitalCoinPrice, shares almost similar insights. Its forecasting experts believe that FIDA 

 of $0.66 in 2025, and gradually rise to $1.93 by 2030.

While these price predictions are bullish, they aren’t financial advice and don’t guarantee the future price of FIDA. We highly recommend that you 

Bonfida, also known as Solana Name Service or SNS, provides an innovative approach to meeting the ever-rising need for web3 digital identities. Due to SNS’s interoperable and human-readable domains, users can rely on the platform to transact and carry out other web3 activities in a permissionless manner. The SNS token, FIDA, is critical in powering this platform and is therefore a cryptocurrency to watch as this niche continues to rapidly grow.

Intermediate

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Bonfida (FIDA): Establishing Your Identity in the Web3 World

Fractal Bitcoin (FB) offers a Layer 2 solution for Bitcoin, enhancing scalability and transaction efficiency through recursive virtualization without compromising security or decentralization.

 (BTC), the world's oldest and largest blockchain, has long been regarded as the most secure platform in the cryptocurrency industry for asset transfers and storage. Over the last few years, innovations such as Bitcoin Ordinals, Runes tokens and the BRC-20 standard have further contributed to the chain's ecosystem diversification. However, despite its status as the industry leader and benchmark, Bitcoin suffers from several significant limitations, including poor scalability, network congestion and rising transaction fees.

 platform that builds directly on Bitcoin's technical foundation, Bitcoin Core, to address the issues of the blockchain's limited scalability and transaction inefficiency. Using an architectural setup known as recursive virtualization, the Fractal project aims to improve the scalability and efficiency of Bitcoin transactions without compromising the blockchain's famed security and decentralization advantages. Fractal could potentially be a key evolutionary development for the broader Bitcoin ecosystem as it's the first Layer 2 solution that directly leverages the blockchain's core technology without being a fork of it.

 (FB) is a Layer 2 Bitcoin scaling solution designed to enhance Bitcoin's scalability and extend its functionality while maintaining its core security and decentralization benefits.

 Set up as a sidechain platform, Fractal directly leverages the Bitcoin Core code.

Fractal Bitcoin uses recursive virtualization technology in its architectural setup to offer multiple layers that operate independently while remaining connected to the Bitcoin network. It's the first and only Bitcoin scaling solution that applies virtualization within the Bitcoin ecosystem. Each layer operates independently, leveraging Bitcoin's underlying 

. This ensures that Fractal is capable of offering its scalability benefits without sacrificing the security of transactions.

Layers can be spun off as needed, creating a truly flexible and scalable platform for conducting Bitcoin transactions. Additionally, Fractal's sidechain supports 

 functionality, opening the way to using 

The project launched its mainnet operations in September 2024. It's been developed and is actively supported by the team at the UniSat Wallet project, a crypto wallet solution for the Bitcoin ecosystem.

Fractal Bitcoin's core technology is based on recursive virtualization. Virtualization, in general, lets you create virtual instances of a system, in this case virtual replicas of the Bitcoin chain. “Recursive” indicates that these virtual instances (or layers, using the project's terminology) can be created continuously, launching layers that operate independently of each other. In theory, this allows Fractal to scale unlimited layers recursively within the overall technical capacity restrictions of the platform.

Each virtual layer runs its own processes without clogging up the main Bitcoin network. The layers are designed to process each transaction block in 30 seconds, which is considerably faster than Bitcoin's own 10-minute block intervals.

The use of virtualization as a scalable computing system, along with the smart contract capabilities of the Fractal Bitcoin platform, enables a variety of use cases, including solutions in 

Fractal has also integrated support for the 

. CAT20 lets Fractal developers create fungible tokens with high levels of built-in security, adherence to Bitcoin's consensus, compatibility with the blockchain's native

 (UTXO) model and the capacity to support complex composable transactions.

Fractal also supports three highly popular Bitcoin asset types: BRC-20 tokens, Runes tokens and Bitcoin Ordinals. Users and issuers of these assets can take advantage of Fractal's superior scalability and quick confirmation times, a key consideration given the frequent complaints about these tokens’ activity congesting the Bitcoin network.

 tokens are fungible Bitcoin assets created by inscribing token data into Bitcoin 

, the smallest units of a Bitcoin. Introduced in March 2023 and based on Bitcoin Ordinals theory, BRC-20 tokens are commonly created as 

. Fractal Bitcoin fully supports this token standard on its own platform.

However, Fractal's BRC-20 tokens have to follow a somewhat different naming standard from the one used by BRC-20 assets issued directly on Bitcoin. These differences primarily relate to ticker names being limited to 6–12 bytes, and rules governing what characters may be used for the tickers. In terms of their functionality, Fractal-based BRC-20 assets are similar to their Bitcoin-based counterparts.

 are another highly popular fungible token variation on Bitcoin. Unlike BRC-20 tokens, Runes don't use Ordinals inscription methodology, and are instead based on Bitcoin's native UTXO model. Thanks to this distinction, Runes are considered a more lightweight, low-footprint way of issuing and using Bitcoin-based fungible assets.

Fractal Bitcoin directly supports these assets as well, and Fractal-based Runes are etched, minted and used in the same way as on Bitcoin to create a familiar environment for Runes enthusiasts. Unlike BRC-20, Runes tokens' tickers on Fractal are no different from the naming standards used on Bitcoin.

, a technology that has enabled Bitcoin-based NFTs, are also available on Fractal, and in the same format as on the Bitcoin blockchain. One user-friendly way to create inscriptions on Fractal is through the Fractal Bitcoin wallet on the UniSat platform.

 features a step-by-step procedure that makes issuing Fractal Ordinals inscriptions accessible even to users with no understanding of the technical details behind this technology. You can also trade these assets via the UniSat Marketplace on Fractal.

The Fractal Bitcoin platform was created by the UniSat team, so it's no wonder that the UniSat Wallet is the primary vehicle for navigating the platform's ecosystem and carrying out transactions on it. The UniSat Wallet supports the issuance of BRC-20 tokens, Ordinals collections and even Names — inscriptions designed to register simple, human-readable identifiers on Bitcoin. 

As noted earlier, the wallet also provides access to the UniSat Marketplace on Fractal, where any asset type supported by the wallet can be easily traded. In addition, the wallet supports inscription-based assets — BRC-20 tokens, Names, Ordinals Inscriptions — directly on Bitcoin.

Fractal's native crypto token, FB, can be 

 along with Bitcoin. The platform uses a 

 methodology called Cadence Mining, a type of hybrid mining that enables miners to validate blocks on Fractal while also contributing to the security of the Bitcoin chain without needing additional resources.

To participate in FB mining, you need to use specialized machines called 

, and preferably join a mining pool to improve your chances of earning rewards. You’ll also need to set up a Bitcoin address via the UniSat Wallet, to which your mining rewards can be sent.

Note that in Fractal's mining system, only one-third of blocks are mined in a merged format with Bitcoin. The other two-thirds are mined entirely on Fractal Bitcoin in a permissionless manner by switching the mining machine's resources entirely to the Layer 2 chain.

The standard mining reward on Fractal (valid since the launch of the chain's mainnet in early September 2024) is 25 FB (around $165). Although this is vastly lower than Bitcoin's reward of 3.125 BTC (currently worth $194,977), Fractal's mining difficulty is also a lot lower than Bitcoin's. This means that the frequency of successful block mining on its sidechain is likely to be significantly higher than on Bitcoin. The frequency of successful mining is also boosted, thanks to Fractal's 30-second block intervals vs. Bitcoin's 10-minute mining cycles. The lower difficulty also creates opportunities for miners whose machines aren't powerful enough to mine BTC.

 rule. While the Bitcoin mining reward is halved approximately every four years, Fractal halvings are designed to take place every two years. The Fractal Bitcoin chain's mining reward is scheduled to reduce to zero some time in 2042.

Fractal Bitcoin’s native cryptocurrency, FB, is used much in the same way as the BTC coin is utilized on Bitcoin. FB serves as an asset to reward miners for helping to secure Fractal’s network. It's also used as the chain's primary asset for transactions and value storage. For instance, items listed on the UniSat Marketplace can be traded using FB coins.

FB's tokenomics also follows that of BTC quite closely, with a supply cap in place and the mining procedure used to gradually increase total supply. The maximum supply for FB is specified at 210 million, with half the supply allocated to mining rewards. Overall supply distribution shares are indicated in the chart below.

In early September, just before its Mainnet launch, Fractal 

 to eligible UniSat and OKX wallet users.

The FB coin is available on Bybit as a Perpetual contract with USDT (

 are derivatives with no expiration or settlement date.

Under the contract, you can trade FB with up to 12.5x leverage. Please 

, which offers potentially higher returns with associated higher risks.

To trade FB as a Perpetual contract, you can head to the

tab on the Bybit official homepage, then navigate to 

 from the menu. If you don't have a Bybit account, you can easily 

 to trade from hundreds of cryptocurrencies and crypto products available on Bybit's Spot and Derivatives markets.

As of Oct 10, 2024, the FB coin is trading at $6.60, or 83.1% lower than its all-time high of $38.80 on Sep 15, 2024, and 2.5% higher than its all-time low of $5.70, recorded earlier on Oct 10, 2024.

Despite its recent faltering price levels, long-term price forecasts for FB are largely bullish. DigitalCoinPrice 

 of $16.87 in 2025 and $49.50 in 2030, while CoinCodex 

 to surge to a high of $30.69 in 2025 and soar to $42.59 in 2030.

The Fractal Bitcoin network is the first and only native scaling solution completely based on the underlying technology and code of the Bitcoin main chain. This creates opportunities for DApps, along with use cases that are tightly aligned with Bitcoin's own environment and ethos. Recursive virtualization is a unique approach that further sets this project apart in the world of Bitcoin-focused Layer 2 solutions. Virtualization as a scalability- and compatibility-enhancing solution has been around for decades, and long predates blockchain technology itself. The team at UniSat are the first to ingeniously recognize virtualization's great potential for blockchain, specifically for Bitcoin.

Fractal Bitcoin is still a new project, in the early months of its market presence. As Fractal gradually extends its reach to attract more Bitcoin enthusiasts and projects, we’re likely to see a growing appreciation in the industry for the platform's innovative architectural approach.

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Fractal Bitcoin (FB): Scaling Bitcoin for Infinite Growth

ZAP’s token-launching platform calls itself "the fastest and simplest way to degen." Learn more about how it works in this article.

Though the development of blockchain technology has led to all sorts of exciting projects, not everyone within the blockchain space is satisfied with the direction of the current crypto market. ZAP is a community-driven platform that hopes to offer a space to outsiders and free-thinkers. This token-launching project has the potential to make it much easier and safer to transfer tokens in a decentralized manner. If you're interested in finding out more about how ZAP works, explore this helpful guide.

 is a token-launching platform that markets itself as "the fastest and simplest way to degen." Its platform helps people launch, sell and buy new tokens in a fully decentralized environment. ZAP is fully community-driven and prioritizes a superior user experience.

ZAP started as a community movement to create a more independent type of token-launching platform. It set sail in November 2023, but little is known about the people behind the project. Its founder and current CEO is a pseudonymous developerknown only 

. The project is currently based out of Zug, Switzerland, and employs a small number of paid employees alongside multiple community volunteers. 

Though ZAP's structure might seem informal, its platform has attracted attention from some big investment companies with over $15.1 million worth of funding from investors including Cypher Capital, Rarestone Capital and Sharding Capital.

ZAP aims to combine a unique part of the internet with traditional crypto trading. It was created by and for 

 traders, a subset of crypto enthusiasts that tends to be known for their gambling-like approach to cryptocurrency. Instead of seeing trading primarily as a means of investment, they view it as a form of entertainment. ZAP’s platform plans to focus on this sort of gamified experience, incorporating social and community-based trading that allows degen traders to launch and trade their coins in a convenient environment.

Unlike more traditional trading platforms, ZAP plans to be 

. It eradicates the high capital requirements typical of other launchpads, so even the smallest project has a chance of getting traded. ZAP also removes features like presales and 

 that tend to favor insiders and make it harder for the general community to access new tokens. 

Furthermore, ZAP aims to leave power in the hands of its creators. Instead of requiring them to give up control of their projects, ZAP lets individual creators retain ownership of their tokens.

 solution that provides the network with scaling, while Base is an Ethereum 

 solution that handles basic transactions for ZAP. 

Within these networks, ZAP runs two separate layers. The token layer of ZAP handles the ZAP token. Instead of being used for payments, its primary purpose is to reward community members. The ZAP token layer is focused on validating ZAP transactions and providing network security.

The other essential layer of ZAP is its tech layer, which tracks community members' activity and allocates token launch space, based on the frequency with which community members participate in ZAP. It's also responsible for managing investor funds, distributing rewards and processing trades for members. The tech layer supports the fair, decentralized distribution of tokens throughout the ZAP community.

ZAP's token launching platform is carefully designed to attract and accommodate a community of enthusiastic traders. Following are some of the key features you can access on ZAP.

 is an incubator to support new token launches. Unlike other launchpads, it doesn't require creators to have large amounts of capital or give up control of their projects. Instead, ZAP's curated advisors guide new creators through the token launch process and provide assistance with securing funding. Additionally, projects are thoroughly vetted to ensure they won't cause any issues for consumers.

 is the main interface for creating and sharing 

. Users can design custom tokens that they can trade with other community members. Once the net balance of buys and sells reaches 5 ETH, ZAP transfers the token to 

 is an airdrop system designed to help new projects engage users. This system encourages people to perform various community activities in exchange for points. They can then use these points to receive a bigger portion of tokens in the airdrop. ZAP's design is set up to improve efficiency, so people running airdrops don't have to pay high transaction costs to send tokens to their audience. 

 for ZAP community members. Those who hold these NFTs receive special benefits on both ZAP and its partner DApps. Some CTZN NFTs also have collectible value, due to their one-of-a-kind artwork.

In the third quarter of 2024, ZAP achieved its previous goals of diversifying its system to run on Base, and launching its custom ZAP token. Though ZAP's basic token launch system is up and running, the platform still believes there’s room for improvement, and plans on further refining the launch process to allow people to launch meme coins in as little as five seconds. 

ZAP also hopes to expand its system to include launchpools that will allow users to 

 tokens and earn rewards. In addition to enhancing its technology, ZAP aims to launch ZAP 2.0 soon. This new and expanded website will feature better marketing and a more intuitive user interface. 

The ZAP token is primarily intended for managing the ZAP community-driven ecosystem. Users can stake it for benefits and receive it in return for on-chain activity. ZAP has a total supply of 

, and ZAP will eventually launch a gamified burning system with which users can 

 tokens for access to exclusive benefits. At ZAP’s launch, tokens were distributed according to the following plan:

Though the ZAP token isn't publicly traded on most exchanges yet, there’s already speculation about its price. Based on its relatively low token supply, ZAP is likely to have a somewhat higher initial price. Instead of trading in the $0.00001 range, as many meme coins do, the initial price set for ZAP's first 

. From there, prices have the potential to rise quite a bit. CoinMarketCap's price tracking indicator suggests that the majority of investors are 

Looking to trade ZAP tokens? Bybit now offers the ZAP/USDT Spot trading pair. To get started, you’ll first need to 

, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding 

 where you can earn a share of the 50,000 USDT prize pool. 

The event is held from Oct 9, 2024, 8AM UTC through Oct 23, 2024, 9AM UTC. To take part, simply be the first 2,500 new users to complete the following steps to earn 20 USDT each:

ZAP is an intriguing new crypto project that certainly has some merit. There are a lot of amateur investors who are fed up with 

, and are looking for their own space to safely experiment with crypto. ZAP's gamified "degen" experience has already helped it attract quite a few users. Therefore, if you like to use crypto purchases as a way to invest in new startups, ZAP is worth looking into.

Just remember that all crypto has some volatility, and this is especially true of new projects. Until ZAP is traded on the open market, it can be difficult to predict its price. Though this crypto might be an intriguing addition to your portfolio, it's not wise to invest all your savings into one basket. Make sure to keep a diverse portfolio, and 

 the ZAP project before making any decisions.

ZAP provides an appealing place for traders who are interested in freedom and entertainment. This launch platform creates a safe, secure site for traders to release new tokens directly to their fans. Thanks to its gamified interface, people can have fun while they work to make a profit. While the project is still fairly new, its upcoming token launch is a highly anticipated event in the crypto community.

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ZAP (ZAP): Offering a Community-Driven Platform to Degen

Pencils Protocol (DAPP) is a DeFi platform that offers users yield farming, vault strategies and on-chain auctions for blockchain native assets and RWAs.

Compared to traditional financial (TradFi) institutions, 

 (DeFi) protocols offer a plethora of benefits to users. Scalability, flexibility, access democratization and transparency are among the key advantages of trading and investing 

 rather than through banks and other TradFi entities. 

However, along with its benefits, the DeFi industry’s many associated issues have put the brakes on its wider adoption. One such area is compliance with 

 (AML) requirements. Privacy of customer transactions is another area where DeFi protocols may struggle due to the public nature of blockchain platforms. To complicate things even more, AML regulations and transaction privacy are often onerous to optimize at the same time.

Pencils Protocol (DAPP), a leading DeFi application on the 

 Layer 2 network, has adopted a number of measures to ensure that AML requirements, transaction privacy, scalability and flexibility of on-chain operations are all maintained simultaneously in a system commonly referred to as permissioned DeFi. This provides a holistic solution whereby users can enjoy both the perks of DeFi — such as efficiency, transparency and autonomy — and the benefits of TradFi, namely security and compliance. The protocol acts as a comprehensive DeFi solution that creates secure and flexible trading opportunities with products such as auctions, yield aggregator services, farming vaults, restaking and more.

Having started out in early 2024 under the name PenPad (PDD), the project rebranded to Pencils Protocol in May 2024 and launched its native token in September. Despite being one of the newest DeFi protocols in the Scroll ecosystem, Pencils Protocol has already grown to become the network's largest DeFi app (as of Oct 8, 2024), with a 

 chain that offers a wide range of DeFi products, including auctions, 

 platform, the protocol features a high degree of scalability, cost efficiency, cross-chain interoperability and integration with the 

The protocol offers flexible and innovative DeFi products while maintaining a Permissioned DeFi infrastructure through a combination of mechanisms, such as a system of identity verification called Proof of Humanity, 

The project was launched in February 2024 as PenPad (PDD) before rebranding to Pencils Protocol in May 2024. Pencils Protocol’s native token — inventively and attractively named DAPP — debuted in September 2024.

Pencils Protocol relies on Scroll's ZK technology to offer transaction scalability, security, privacy and cross-chain interoperability with Ethereum. Scroll operates a ZK-based 

 (EVM)–compatible rollup platform that makes it easy for Pencils to offer a highly efficient and secure trading environment that features a variety of assets popular within the Ethereum ecosystem.

While Pencils Protocol offers a wide variety of DeFi products, the platform's three main products are auctions, yield farming, and vaults designed to run predetermined strategies. This last product type offers a variety of advanced strategies, enhanced 

 and various on-chain synthetics. Pencils Protocol extensively uses Ethereum's 

Other DeFi products on Pencils Protocols include various liquid staking and restaking opportunities via Scroll's native gateway. Additionally, in July 2024, the project team announced an upcoming crypto lending feature to be integrated into the product line.

Pencils. a community rewards points system that the protocol actively leverages, is considered central enough to operations to be rebranded under the protocol’s name. Users can earn Pencils in two primary ways: staking and participating in the project's marketing initiatives.

A major way to earn Pencils points is by using the protocol's staking service. For every 1,000 

 equivalent staked, users can expect one Pencils point per day. Contributing to the protocol's marketing campaigns and overall growth is another way to stock up on these points. For example, anyone who contributes to the ecosystem development as an influencer, brand ambassador or business partner earns Pencils points.

Pencils points offer a variety of benefits and exclusive access features:

Pencils Vaults are tokenized vaults designed to optimize yields through deposit staking and LP staking. Their deposited assets are used for yield farming, and are reinvested through multiple platforms via predetermined yield strategies. Users can invest in these vaults using 

 from the Pencils Protocol Vaults Pool. 

Vaults support leveraged trading and offer users great flexibility and customization when it comes to setting their preferred leverage levels. To further increase yields, users can draw on the vaults to borrow additional funds to invest. The interest they pay on these borrowed funds is used to reward those participating in Pencils Protocol's yield farming.

Yield farming and leveraged yield aggregation services are also among the key products on Pencils Protocol. These products allow DeFi traders to maximize asset utilization and benefit from competitive yields. Farming yields are funded mainly through the interest paid by borrowers on the protocol, as noted above. The following types of assets are supported for farming on Pencils Protocol:

The protocol will also support Scroll's native cryptocurrency upon its launch. In addition to yields, the farming products on the protocol also provide rewards in Pencils points.

Pencils Protocol also offers auction services for various assets, such as blockchain-native assets and tokenized 

 (RWAs). It's an all-inclusive auction platform on which both digital and physical assets in tokenized form can be listed and traded. Users can benefit from these auctions by snapping up assets at discounted rates. As of early October 2024, Auctions products available on the protocol are limited, with the project mainly focused on its Vaults and Farming offers.

However, it's likely that auction services will also catch up in the future, as clearly indicated by the protocol’s positioning of Auctions as one of the essential products in its communications.

What Is the Pencils Protocol Token (DAPP)?

Pencils Protocol's native crypto token, DAPP, is used extensively throughout the platform for the following functions:

The DAPP token’s launch in late September 2024 was accompanied by an airdrop campaign that allocated 3 million DAPP to eligible users. Two-thirds of this amount will be distributed based on users' Pencils points holdings, while the remaining 1 million is reserved to reward active participation in the protocol's activities.

DAPP’s total supply is 100 million. The chart below shows the token's supply distribution shares.

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