Octopus Protocol
TEN
WanSwap (WASP)
The People's Coin
The People's Coin is a Decentralized peer-to-peer platform designed to securely allow its users access to a gated interactive ecosystem, Safe Haven. The token contract was deployed as an ERC20 token on the ETH Network; utilizing Web3.0 capability to effectively ensure its users security through signature confirmation requirements.
What is The People’s Coin (PEEPS)?
PEEPS is the native utility token that is used for: • Validation of user’s access to ecosystem – must actively hold specified amount in wallet • Used for governance votes to determine community decisions on resource allocation through polling within ecosystem • A storer of value to be utilized with current and future integrations, both internally in the ecosystem and externally thru partnerships
PEEPS Pre-Sale, Launch, Locked Liquidity and Circulating Supply:
The People’s Coin held a capped presale, with the goal of creating a truly fair launch, that reached the target goal of 750 ETH within 36 hours of opening. The project launched the next day on June 27, 2021 with an original fixed total supply of 1 quadrillion tokens; but burned more than 44% of the total supply coinciding with the official launch to ensure the deflationary aspect of the tokenomics; which include a 2% distribution + 2% burn per transaction, totaling 4%. To instill confidence in the project from day one, hours after launch, the project’s team proceeded to officially lock 99% of the liquidity for one year via Unicrypt. Additionally, to ensure fair distribution the total Team allocation was less than 6% of the total supply; with both Team Wallets being transparently labeled via their ETH domain address titles: thepeopleswallet.eth & peepsdevelopmentwallet.eth respectively.
What Makes The People’s Coin Unique?
The project was conceptualized and brought to life from within the community itself, as opposed to most projects that have to build a community around the project. This has allowed natural organic growth to occur, giving credence to how the power of an inclusive open-forum can unlock the door to blockchain technology for all. Through the platform designated within the ecosystem, there is an established governance which promotes continual growth of the community, utilizing the public ledger to confirm access to these forums via the PEEPS native token.
The project has taken great pride in the diversity and overall inclusion of the many members of different backgrounds that otherwise may never have been introduced to blockchain or cryptocurrency. It is an ever-adapting project that’s direction is chosen internally by The People of the community.
Deactivated Topic
Phuture
Phuture is a decentralized protocol built to create and invest into passive index strategies in a Web 3.0 environment.
What Is Phuture (PHTR)?
Phuture is based on an open design philosophy that creates passive investment strategies. It provides users with the necessary tools to create new indices and invest in existing indices created by others.
The platform combines a user-friendly interface and a set of powerful instruments. One example is the Index Creator, which simplifies index creation by offering customizable parameters like automatic sector tracking and dynamic weighting methods.
The protocol is designed to provide scalability by allowing a single swap to rebalance multiple indexes simultaneously. The mechanism itself calculates the optimal assets for rebalancing and determines the acceptable ranges of weights. As a result, the platform supports hundreds of indices, minimizes loss of value during trades and improves index productivity.
In early May 2021, Phuture protocol announced the completion of its private seed fundraising round. About $1.5 million was raised with the backing of prominent VC firms, including Ascensive Assets, NGC Ventures, SevenX, Origin Capital, Waterdrip Capital, Moonrock Capital and D64.
Who Are the Founders of Phuture?
Charles Storry - Head of Growth. Before Co-Founding Phuture, Charles worked at London based Venture Capital firm SVK Crypto in a partnership capacity.
Alex Melnichuk - Tech Lead. Before Co-Founding Phuture. Alex cofounded Pragma Development Studios. Alex has over ten years of experience in software development.
Oliver Mehr - Head of Product. Before Co-Founding Phuture, Oliver worked at London based Venture Capital firm SVK Crypto in a partnership capacity.
What Makes Phuture (PHTR) Unique?
Phuture allows anyone to launch their indices using assets on the Ethereum (ETH) blockchain.
Thanks to Phuture's index creation tools, the project's index portfolio grows along with the market, supporting new sectors. PHTR token holders can dynamically influence the protocol's development and actively participate in making critical decisions. By using third-party profitability optimizers, Phuture minimizes opportunity costs.
Rebalancing and off-platform performance are ensured by merging index assets into groups of similar assets. Phuture can scale up when numerous indexes are added to the platform because of this aggregated design.
Using 0x API, Phuture collects liquidity across the Ethereum network, allowing access to a wide range of assets and improving execution. At the same time, there is no liquidity recovery phase, meaning that users can create indices with any assets ithout restrictions on one-way deposits — but only at the initial stage.
Phuture’s rebalancing range formula prevents the rebalancing system from working unexpectedly and is triggered when the asset price goes out of range. It is one of the functions that keep the system safe during significant price movements.
Phuture's aggregate design also improves asset performance. To produce extra yield and withdraw assets, the platform must maintain a necessary reserve level to support rebalancing and maturity.
To ensure the continuous operation of the platform, Phuture uses keepers to perform the basic protocol functions: rebalancing, recapitalization and reweighting.
How Many Phuture (PHTR) Coins Are There in Circulation?
PHTR is the utility token of the Phuture protocol that performs several functions: governance, user rewards, stimulating activity and raising capital.
Token holders have voting rights and can influence the development of the protocol and make improvement suggestions. If a user stakes PHTR, they receive ePHTRs that generate income. PHTR tokens are also used to increase the liquidity of indices. Custodians earn PHTR by performing crucial tasks for the platform.
PHTR has a total supply of 100,000,000 tokens, allocated as follows: 25% to the team, 53% to the foundation, 3% to the advisors, 18% to the seed sale, 1% to the public sale.
No tokens have been publicly released as of May 2021. Nevertheless, the team has announced an initial DEX offering (IDO) on the Polkastarter platform.