Incentivized testnet to reward community with 1% of Tanssi Network's native token.

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The Tanssi Foundation has recently launched the “Let’s Forkin’ Dance,” an incentivized testnet campaign aimed at enhancing community engagement and network activity in anticipation of the Tanssi Network’s launch.
According to the announcement, the Dancebox testnet has already facilitated over 700 appchain deployments, demonstrating significant market adoption. The “Let’s Forkin’ Dance” campaign introduces incentives for general users, builders, and Block Producers, and will allocate 1% of the Tanssi Network’s soon-to-come token supply to top contributors. The campaign begins on April 30, with sign-ups available on the Tanssi website.

“Since its inception, Tanssi has been dedicated to simplifying the deployment of application-specific blockchains (appchains), making them more accessible, and ultimately bringing forward the web3 infrastructure landscape,” said Francisco Agosti, Tanssi co-founder and CEO of Moondance Labs. “Let’s Forkin Dance is a significant step towards launching Tanssi’s mainnet, and will help strengthen the community of developers and users who will be essential once Tanssi goes live.”

Tanssi is an infrastructure created on the Polkaadot ecosystem for building application-specific blockchains with a few clicks, offering a simplified and expedited process.
The project is backed by notorious investment funds, such as Arrington Capital, HashKey Capital, Fenbushi, Borderless, The Wormhole Cross-Chain Fund, KR1, YBB, SNZ Capital, and Scytale Digital. Moreover, Polkadot’s creator Gavin Wood is also alongside the project’s backers.

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Ecosystem

Megadrop: Binance reveals new launchpad for early Web3 project access

by
Gino Matos
15 hours ago

Megadrop simplifies entry into Web3 with rewards for Binance community.

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Binance revealed today its new platform for token launches called Megadrop, which will be used for token generation events and for allowing access to Web3 projects before they are listed on the exchange. This platform combines Binance Launchpool’s methodology with Web3’s innovative potential, enabling users to engage with and invest in new tokens from promising Web3 projects.
To participate in Megadrop, users need to lock their BNB with Binance Earn and use the Binance Web3 Wallet to complete quests and earn exclusive token airdrops. The first project to go live in Binance’s Megadrop is BounceBit (BB), a Bitcoin restaking protocol.
Megadrop aims to cater to both crypto newcomers and experienced traders by providing a simple platform to explore Web3’s possibilities and earn rewards through community engagement. Users can complete quests, learn about emerging Web3 technologies, and receive rewards for their involvement.

“We’re always looking at what we can build to bring even more value to our Binance users,” shares Rohit Wad, Chief Technology Officer at Binance. “Over the past few years, we’ve seen many incredibly exciting Web3 projects emerge within the crypto space, highlighting how central innovation and passion is within the community. With Megadrop, we’re really excited to be able to provide exposure for more of these projects to our global user base while offering Binance users a unique opportunity to gain rewards in the process.”

Image: Binance
According to the announcement, Megadrop serves as a strategic launchpad for Web3 projects, offering them growth and exposure opportunities. It provides a direct link to Binance’s global community, facilitating the integration of new blockchain innovations into the market.

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Ecosystem

Nibiru Chain reveals $15 million grant for developers

by
Gino Matos
15 hours ago

Nibiru dedicates $5 million to Asian developers, enhancing global Web3 growth.

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Nibiru Chain has launched the Nibiru Builder Grants, committing over $15 million to support its developer ecosystem. According to the announcement, this grant represents approximately 2.5% of Nibiru’s native token supply, and aims to enhance decentralization, security, and scalability on the platform. Developers in the Asia region have $5 million earmarked.

“The Nibiru ecosystem is excited to stand behind the passionate developer community, empowering builders to become catalysts for positive Web3 transformation. The grants initiative will supplement ongoing aid in partnership pairings and access to mentors, industry experts, and experienced developers,” expressed Erick Pinos, Ecosystem Lead at Nibiru. “This initiative also allows Nibiru to actively elevate the visibility of ecosystem projects through dedicated marketing support.”

The grants program will operate on a milestone basis, with key performance indicators to ensure sustainable developer engagement. Additionally, Nibiru’s venture capital partners may offer funding and support to promising projects.
Nibiru is also planning hackathons with prize pools of up to $100,000 and introducing a reward mechanism for developers to earn transaction fees. Future plans include reward structures based on Total Value Locked (TVL) metrics, providing developers with a clear path to cash flow.

“We’re thrilled to unveil the long-term initiative to bolster the developer ecosystem with a $5 million sleeve specifically for the Asia region. Asia-based developers can interact with growth and community efforts; understanding Asia is a hallmark priority,” said Brandon Suzuki, Head of Growth at Nibiru. “With KPI-based milestones to provide aligned interest between the broader network and the grant recipients, the grants initiative will further fuel for acceleration.

The platform will support developers with referrals, discounts, and priority access to essential services, from auditors to market makers. Nibiru’s community initiatives include distributing 22.5 million NIBI tokens to participants in Testnet and X Airdrop campaigns, with Genesis NFT minting opportunities for further engagement.

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Ecosystem

Zeta Markets' native token to bring incentive wars to Solana

by
Gino Matos
16 hours ago

The governance token Z will have a vote escrow model that might attract protocols looking to give additional incentives, Zeta Markets confirmed.

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Derivatives decentralized exchange (DEX) Zeta Markets revealed the whitepaper for their governance token Z on April 18, which will have a vote escrow (ve) model and 30% of its total supply earmarked for liquidity providers incentives. This could potentially start a ‘Ve Wars’ landscape on Solana, which is something Zeta Markets is looking out for, as confirmed by the protocol to Crypto Briefing.
The idea is to incentivize protocols to acquire Z tokens and lock them for additional platform incentives. By acquiring Z tokens, protocols could use their voting power to create additional incentives for users through boosted rewards on Zeta Markets.
The vote escrow model consists of granting voting power to token stakers based on the period of the token lock, and this voting power can be used to boost rewards in pools within the platform. The more time the user stakes his funds, the more voting power it has.
Therefore, it is usual for a ve landscape to see more projects built around a token with this governance model. Curve Finance and its CRV token are a notorious example, with different applications disputing the accumulation of the asset and aiming to boost rewards on Curve pools with their native crypto.
This ‘Ve Wars’ scenario is commonly beneficial for users since they receive multiple incentives to lend their voting power to different platforms. Since Zeta Markets is pioneering the ve model in Solana’s ecosystem, this could boost not only the value of the Z token but also the protocol’s total value locked.

“The launch of the $Z token whitepaper is a significant step towards realizing our vision of making decentralized finance a viable alternative to centralized systems,” said Tristan Frizza, Founder of Zeta Markets. “We aim to offer traders the ultimate perps exchange for speed, experience and security, that feels like a CEX but is secured by blockchain. The distribution and utility of $Z has been designed with this goal in mind, rewarding those who directly enhance the protocol’s liquidity and activity in the long term, and ultimately ensuring optimal exchange conditions for all.”