Why the Solana Treasury SPAC Deal Fell Through

The exact reason for the deal’s collapse has not been officially disclosed. However, sources note that the digital asset treasury (DAT) company may now explore alternative options. The news broke just two weeks after a limited partner in Asymmetric revealed on social media that the fund had suffered almost an 80% decline this year.

Options Offered to Investors

Following this disclosure, McCann announced that Asymmetric’s investors had been given the option to fully exit the fund or roll their capital into a “specific illiquid investment,” which is believed to have been the now-cancelled Solana DAT initiative.

The Accelerate Plan and SPAC Process

The treasury company was presented to investors under the name Accelerate, with ambitions to raise up to $1.5 billion, according to initial reports from Unchained. The plan involved going public through a SPAC merger with Gores Holdings X, a blank-check company. Investor materials indicated McCann would serve as co-founder and CEO, while Komal Sethi, a board member at CoinList, would act as co-founder and chief strategy officer.

This development highlights the ongoing challenges faced by digital asset companies attempting to go public via SPACs, especially in a volatile market environment.

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The post Joe McCann’s Solana Treasury SPAC Deal Called Off! appeared first on Coin Engineer.

In early 2024, Peaq completed a $15 million funding round, led by Generative Ventures and Borderless Capital, as it prepares for its upcoming mainnet launch and the listing of its native token, PEAQ. According to Messari, the DePIN industry’s market size is expected to reach $3.5 trillion by 2028, highlighting the potential of the DePIN market.

Peaq’s technical strength is evident in its modular DePIN features and multi-layer data validation framework. The first feature enables developers to rapidly build DePIN projects, while the second ensures data accuracy and integrity, a crucial factor for decentralized systems, particularly in IoT applications.

Peaq Network’s strong strategic vision and technological infrastructure make it a formidable competitor in the DePIN arena, ready to meet the growing demand for decentralized physical infrastructure solutions.

Project Overview

Founded in May 2020, Peaq Network is a pioneering Layer 1 blockchain designed specifically to support Decentralized Physical Infrastructure Networks (DePIN) and machine RWA (Real World Assets). As the crypto economy grows, the demand for decentralized solutions that integrate physical infrastructure with blockchain technology has become more critical than ever. Peaq Network addresses this need by offering a robust platform that seamlessly integrates physical assets into the blockchain ecosystem.

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With parallel block production, asynchronous support, and agile core timing, Peaq Network can scale to 10,000 TPS (transactions per second), with potential upgrades allowing it to surpass 100,000 TPS.

Investors and Funding Status

Since its inception, Peaq Network has completed four funding rounds and one CoinList community sale.

• Pre-seed: In October 2020, Peaq raised €750,000 from prominent investors in Germany. This investment will help Peaq form a partnership with the Bosch Group for use in automotive production and operations.
• Seed Round: In June 2021, Peaq secured €2.5 million, which will be used to expand Peaq’s blockchain solutions and launch new projects.
• Private Round: In June 2022, Peaq raised $6 million to help build an advanced development team and launch new products.
• Pre-IPO Private Round: In March 2023, Peaq raised $15 million to expand its ecosystem and develop new DePIN projects.
• Community Sale: In May 2023, Peaq completed a token sale on the CoinList platform, raising $20 million.

PEAQ Token Economics

The native token of the Peaq Network is PEAQ, which plays a crucial role in the network’s operations, governance, and incentive mechanisms. Built on the Substrate framework, PEAQ benefits from the security and scalability of the Polkadot ecosystem.

Token Use Cases

• Transaction Fees: PEAQ is used to pay for transaction fees within the network.
• On-chain Governance: PEAQ holders can participate in network governance, voting on proposals and protocol upgrades.
• Node Staking: PEAQ can be staked to contribute to network security.
• Device Reputation Proof: Device owners stake PEAQ to guarantee the reliability of their machines.

Distribution and Vesting

The total supply of PEAQ is 4.2 billion, distributed as follows:

• Pre-seed: 294 million tokens (7%)
• Seed Round: 210 million tokens (5%)
• Private Sale Round: 546 million tokens (13%)
• Pre-IPO Private Sale: 378 million tokens (9%)
• Community Sale: 252 million tokens (6%)
• Project Team: 840 million tokens (20%)
• Network Security: 210 million tokens (5%)
• Ecosystem and Vault: 840 million tokens (20%)
• Community Program: 630 million tokens (15%)

Testnet – Krest

Peaq’s testnet is called Krest, providing a simulated testing environment for DePIN projects on the Peaq platform. Krest tokens were initially distributed in August 2023.

Peaq Network continues to make significant contributions to the future development of DePIN projects.

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MOCA Token Sale Details

Purchase Period: NOW – May 2, 2024, at 3:00 AM (GMT+3)
Token Supply: 126,984,127 MOCA Tokens (1.5% of the total supply)*
Price: $0.03938
Lockup & Release: 5% unlock at TGE on or around May 24, 2024, followed by a 3-month cliff period with a 52-week weekly linear release
Minimum Purchase Limit: $100.00
Join the MOCA Token Sale: https://coinlist.co/moca?utm_source=telegram&utm_medium=web&utm_campaign=Moca+Network+Token+Launch

What is MOCA Token?

MOCA is a fungible token (FT) built on the LayerZero v2 protocol with a fixed supply of 8,888,888,888 tokens. It serves as the utility and governance token within the Moca Network, embodying the three pillars of Growth, Culture, and Governance.

MOCA Token Utilities:

Access: MOCA holders gain access to exclusive features, events, and content within the Moca Network.
Governance: MOCA holders have voting rights on proposals that shape the future of the network.
Staking: MOCA tokens can be staked to earn rewards.
Payments: MOCA can be used to pay for services and goods within the Moca Network.

Who Can Use MOCA Token?

Artists and content creators
Gamers and esports teams
Educational platforms and institutions
Brands and sponsors
Community members seeking governance participation

How to Buy MOCA Token?

MOCA tokens are currently available for purchase on select cryptocurrency exchanges, including CoinList. For the latest information on the sale, please visit Moca Network’s official website and social media channels.

Important Note

Once you submit a purchase request, a hold will be placed on your funds. At the end of the 7-day purchase period, successful purchase requests will be selected based on fulfilled Guaranteed Lots, Waitlist Lots, or even any commitment without Lots. Users who are not selected to receive an allocation will receive the funds back in their CoinList Wallet by May 7, 2024.

The post MOCA Coin Launch on CoinList: Everything You Need to Know appeared first on Coin Engineer.

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CoinList has continued to excite investors with its new public sales announced one after another since the beginning of the year. The exchange aims to constantly offer new opportunities to the community throughout this year. The fourth public-sale project announced by the exchange is Meson Network.

Meson Network Public Sale Details on Coinlist

In the Meson Network community sale, 2,500,000 MSN tokens representing 2.5% of the total supply will be sold at a price of $1.75 per token. 1/6 of the tokens will be released around March 15, 2024, and the remaining tokens will be unlocked monthly over the next 6 months.

To participate in the public sale, you must first register on the CoinList website. The deadline for registration is 3:00 PM on February 5, 2024. During the application process, investors have the opportunity to invest a minimum of $50 and a maximum of $3,000 (USDT/USDC only).

In addition, you must fully deposit your target purchase amount by 9:00 PM on February 8 to be able to participate in the public sale. The public sale will also be held at the same time on the same day.

For more detailed information about the public sale, you can take a look here.

What is Meson Network?

Meson Network offers a blockchain-based model for Web3, leaving behind traditional sales models. It combines unused bandwidth at low cost and encourages users to contribute to the internet infrastructure. Meson Network, supported by blockchain trust, creates a robust and distributed internet ecosystem by sharing bandwidth resources.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post CoinList Announces New Public Sale Project! appeared first on Coin Engineer.

What is Subsquid Network?

Subsquid Network is a decentralized data and query engine designed to provide developers with efficient and permissionless access. With the goal of creating a neutral and open internet based on Web3 principles, this innovative platform has a scalable network structure secured by Zero-Knowledge (ZK) proofs. Subsquid aims to offer developers a unique solution with its modular architecture optimized for blockchain indexing, dApp development, and analytics.

The post First CoinList Presale of the Year: Subsquid Network appeared first on Coin Engineer.

In previous bull cycles, we saw that the presales made significant profits with the Coinlist platform. As Bitcoin has again reached $44,000 levels, eyes have turned back to presales. CoinList has become one of the important platforms that come to mind when it comes to pre-sales.

We have answered a few important frequently asked questions about CoinList for you!

Why Was My CoinList Account Banned?

CoinList is an organization that places great importance on the security of the platform and its users. Therefore, accounts are banned in case of rule violations and suspicious movements. Your CoinList account is generally banned for one of the following reasons:

Incorrect Identity Verification: Like most financial platforms, CoinList requires identity verification for all users. Not verifying your identity or giving incorrect identity information can lead to account bans.

Multiple Accounts: Users attempting to use multiple accounts to gain unfair profits and circumvent restrictions can cause accounts to be banned.

Security Breaches: If unauthorized access is observed in a user’s account and account security is violated, accounts may be temporarily banned to protect the user’s assets.

In such cases, CLICK HERE to contact the CoinList Support Team.

Violation of Service Terms: Non-compliance with the service terms and observation of suspicious movements in user accounts potentially violating these terms can lead to accounts being banned. Illegal actions, money laundering, fraud are among these suspicious actions.

You can click HERE for detailed information about service terms.

Suspicious Movements: All accounts are monitored against transactions that might contain suspicion for users’ security. Such suspicious movements occurring in the account may cause the accounts to be banned.

Regulatory Compliance: CoinList is a platform that complies with regulatory requirements. Accounts engaging in activities contrary to laws like commercial restrictions can be banned.

Is It Possible to Recover Closed CoinList Accounts?

CoinList has a support team that values its users and assists users in case their accounts are terminated. Users whose CoinList accounts are closed can submit a ticket containing all necessary details about their accounts to the support team if they want their accounts to be reviewed. Once the ticket is submitted, a detailed review process for the account is initiated.

Click here to create a ticket.

What Should We Do To Minimize Transaction and Network Transfer Fees?

CoinList suggests sending assets via Algorand(ALGO), Solana(SOL), Oasis Network(Rose), Internet Computer(ICP), or FLOW to avoid high transaction costs in the Ethereum network. As transaction fees can change continuously, fees should be checked before making a transaction. Click HERE for detailed information about fees.

The Network Used During Asset Transfers Does Not Appear. Will There be Any Changes Regarding This?

The CoinList Team has acknowledged that network information does not appear on all asset withdrawal interfaces and they are taking action regarding this. They announced that this issue will be resolved as soon as possible and all information related to assets must be specified with comprehensive and accurate data.

Is There Any Update on ONDO and Tribal Token Sales?

The distribution on the Ondo Token side has taken place. Users need to request their tokens from THIS address.

On the Tribal Token side, distribution has not yet taken place. The Tribal Team announced that the lock-up period for the tokens has been extended until April 9, 2024.

The post Frequently Asked Questions and Detailed Answers About CoinList appeared first on Coin Engineer.

Coinlist Registration Procedures

Step 1: Access to Official Website

Firstly, go to the official website of the Exchange. Visit the “coinlist.co” address.

Step 2: Click the “Sign Up” Option

Usually, there would be a button on the homepage that says “Sign Up” or something similar. Also, you can start the registration process by clicking on this button.

Step 3: Enter Your Basic Information

You will be asked to enter your basic information in the registration form. This information usually includes your name, surname, email address, and password.

Step 4: Email Verification

Coinlist will send a confirmation email to your entered email address. Confirm your email address by clicking on the link in this email.

Step 5: Identification Information and Security

CoinList may ask for some additional information for identity verification and security purposes. At this stage, follow the identity verification processes that the platform has determined.

Step 6: Account Settings and Two-Factor Verification

Edit your account settings and go through the two-factor verification options to enhance your security.

Step 7: Karma System and Priority Queue

Find out about CoinList’s Karma System and Priority Queue. Thus, this can help you take advantage of the benefits offered by the platform.

By following these steps, you can successfully register on the exchange. Do remember that it is necessary to follow each step carefully and to enter correct information.

You might like: Coinlist bitsCrunch Pre-Sale! How to Join?

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With more than a million active users per month, Bondex brings opportunities from companies in fields such as Web3, crypto, blockchain, NFTs, metaverse together in a gamified job portal.

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The campaign, organized with the collaboration of CoinList, aims to establish a global talent network, to fill open positions through interaction with recruitment specialists and to showcase Web3 job opportunities. Users can apply for jobs by downloading the application and completing their professional profiles, thereby earning the chance to win Bond points and BDXN tokens.

Of the campaign, a 2% airdrop for founders and early adopters will be distributed together with the Token Generation Event (TGE). Furthermore, ongoing airdrops will be financed from the Ecosystem Reward Pool. Participants should increase their application points, the number of registered friends, and score balance to increase their airdrop allocations.

To benefit from the campaign, it is necessary to comply with Bondex’s terms and conditions. The first airdrop is planned for the 1st / 2nd quarter of 2024 and will be carried out in accordance with certain eligibility criteria.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bondex Launches New Reward Campaign on Coinlist! appeared first on Coin Engineer.

What Is BitsCrunch?

A decentralized, AI-backed data network that provides unique analytics and forensic data for NFTs, wallets, and other digital assets. Using a single API, developers can access insights on multiple blockchains, making it an ideal method for developing multi-chain applications.

Pre-Sale Details

The sale will start on 14 December 2023 at 17:00 UTC and will offer a public option.

• Supply: 60,000,000 BCUT tokens* and an extra 5,000,000 BCUT tokens** reserved for a bonus
• Price: $0.055
• Lock and Release: 20% release at TGE, followed by a 12-month linear release
• First Purchase Limits: Minimum $50, Maximum $2000 (USDT/USDC Only)

*The registration process will end on 11 December 2023 at 12:00 UTC.*

**Click Here to Register »**

Remember, in order to participate in the bitsCrunch pre-sale, your CoinList Wallet must be funded with at least the minimum purchase amount ($50 USDT or USDC) before the registration period ends (11 December, 12:00 UTC).

Also, your CoinList account should be fully funded with the amount you plan to purchase before 14 December 17:00 UTC. There will not be a funding period for the first purchase after the sale ends. Check out this blog post for more details.

One API, Infinite Possibilities

The landscape of blockchain analytics and forensics is currently overshadowed by centralized systems, often constrained by financial priorities. This decentralization not only limits vital insights for emerging decentralized web3 projects, but it also creates barriers for innovative progress.

The bitsCrunch network is introducing a new era in blockchain analytics. Thanks to its decentralized, AI-backed data network provides unique analytical and forensic data for NFTs, wallets, and other digital assets. Besides Accessible via user-friendly APIs, this platform lays the groundwork for various application developments. Its main features include:

• Simplified Multi-Chain Integration: Use a single API to access insights on multiple blockchains, ideal for developers working on multi-chain applications.
• Advanced Forensic Data: Access in-depth forensic analysis of NFTs, wallets, and digital assets on public blockchains via the bitsCrunch Network. Besides this feature aids Web3 applications in determining risks and frauds, ensuring security and compliance.
• Community-Focused Ecosystem: Actively supports and encourages contributions from individuals in coding or content creation, facilitates continuous development, and also expands the range of data and services.
• Enhanced Scalability with Decentralization: The decentralized model of the bitsCrunch network supports multiple query processing nodes (or lite nodes), ensuring enhanced scalability and robust data management.
• Predictable Query Costs: Data consumers use stablecoins for queries on the network, enabling precise cost prediction and budget management.

To participate in the CoinList bitsCrunch Community Sale, register on Coinlist via the link .

The post Coinlist bitsCrunch Pre-Sale! How to Join? appeared first on Coin Engineer.

Team and Founders 

• Anatoly Yakovenko: Founder of Solana with a background at Qualcomm and Dropbox. He developed the PoH concept in 2017, launching the project. 
• Greg Fitzgerald: Former Qualcomm colleague and co-founder of Solana Labs. 
• Other Team Members: Engineers and cryptography experts from tech giants like Qualcomm, Intel, and Google. 

Investors and Notable Partners 

• Investors: Andreessen Horowitz (a16z), Polychain Capital, Multicoin Capital, Alameda Research. 
• Partnerships: Serum (DEX), Mango Markets, Magic Eden (NFT marketplace), Helium, Circle (USDC), Tether (USDT). 
• Ecosystem Collaborations: Audius, StepN, Star Atlas (gaming and social apps). 

Project Concept

Solana aims to solve speed and transaction cost issues faced by Ethereum and similar networks. Its goal is to become the “Visa of the crypto world.” 

How the Project Works 

• Proof of History (PoH): Provides a reliable timestamp for transactions. 
• Proof of Stake (PoS): Validators confirm PoH outputs to ensure network security. 
• Proof of Replication: Mechanism for verifying secure copies of data. 
• Actual Capacity: 2,000–3,000 TPS, theoretically scalable up to 710,000 TPS. 

Governance

The Solana Foundation provides decentralized governance mechanisms for network development and community support. SOL holders can contribute to network security through staking and delegation while participating in decision-making processes. 

Roadmap (Key Milestones) 

• September 2024: Frankendancer – test-scale hybrid client (200k TPS). 
• January 2025: Firedancer validator client on mainnet, targeting 1 million TPS. 
• May 2025: Compute Unit limit raised to 60M, boosting performance. 
• Future: APE (Asynchronous Program Execution) to separate execution and consensus. 

Solana Tokens

Solana tokens are known as SPL Tokens and represent digital assets such as currencies, project tokens, or NFTs. 

• Mint Account: Defines the token’s identity and total supply. 
• Token Account: Shows how many tokens a specific wallet holds. 
• Associated Token Account: Special token account automatically linked to a wallet address. 

Token Programs 

• Token Program: Enables standard token transfers and operations. 
• Token Extension Program (Token 2022): Offers additional security and functionalities. 

Token Use Cases 

• Staking: Support validators and earn rewards. 
• Transaction Fees: Low-cost transfers (average $0.00025). 
• DeFi & NFTs: Payments, liquidity provision, and governance participation. 

Solana (SOL) Token Information 

• Name: Solana 
• Symbol: SOL 
• Circulating Supply: 543.51 million SOL 
• Total Supply: 610.6 million SOL 
• Maximum Supply: Unlimited (new supply added via inflation) 

Token Allocation 

• Seed Sale: 16.23% 
• Founding Sale: 12.92% 
• Team: 12.79% 
• Solana Foundation: 10.46% 
• Remaining: Community and market circulation 

Ecosystem 

• DeFi: Serum, Mango Markets, Raydium 
• NFT: Magic Eden, Degenerate Apes 
• Gaming: Star Atlas, StepN 
• Infrastructure: Wormhole bridge, Solana Pay 
• Mobile: Solana Mobile Stack & Saga phone 

Features 

• High transaction speed (theoretical 710k TPS) 
• Low transaction costs 
• Strong investor and partnership support 
• Rapidly growing NFT and DeFi ecosystem 
• Mobile Web3 integration 

 Official Link

• Website
• Twitter
• Telegram
• Solana Foundation

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Solana (SOL)? appeared first on Coin Engineer.