Minswap aims to optimize user experience with low transaction fees and fast token swaps. Users can stake MIN tokens to earn ADA, Cardano’s native cryptocurrency. This staking option encourages participation in the platform while offering additional rewards to liquidity providers.

Team and Founders

Minswap is developed by an experienced team within the Cardano ecosystem, focusing on innovative DeFi solutions. The founders ensure fair distribution of MIN tokens and long-term sustainability of the protocol.

• Long Nguyen: Co-founder and key figure representing Minswap at events like Cardano Summit, emphasizing community-centric values.

• Richard Nguyen: Co-founder and Blockchain/Technical Lead, responsible for developing DeFi infrastructure on Cardano’s eUTXO model and Plutus smart contracts.

• Hieu Phan (Phan Nguyen Huy Hieu): Active team member handling product development, UI/UX, and operational processes.

Investors and Partnerships

Minswap has progressed without private or VC investments, relying on community members, liquidity providers, and DAO participants for protocol growth. Innovative mechanisms like the FISO model and MINt token incentivize community engagement and ensure fair protocol expansion.

Notable integrations and partnerships include:

• Cardano Ecosystem: Integration with Cardano wallets (Nami, Eternl, Yoroi), NFT marketplaces, and other DeFi protocols.

• Projects: Many new Cardano projects choose to list their liquidity first on Minswap, acting as strategic partnerships.

Project Concept and Functionality

Minswap’s core idea is to build a community-driven DEX using Cardano’s technical advantages, optimizing liquidity and supporting a fair launch model.

• Liquidity Optimization: Combines different AMM models (e.g., Uniswap v2 constant product formula and StableSwap dynamic formula) for best swap rates.

• Fair Launch: MIN tokens are distributed primarily to the community and liquidity providers instead of private investors, ensuring decentralization and fairness.

How It Works

Minswap operates using Cardano’s Plutus smart contracts and eUTXO model.

• Automated Market Maker (AMM) Model: Instead of matching buyers and sellers, Minswap uses liquidity pools.

• Liquidity Pools: Each pool locks equal value of two tokens (e.g., ADA/MIN) in a smart contract.

• Liquidity Providers (LPs): Users deposit tokens into pools and receive LP tokens in return.

• Swaps: Trades execute based on pool token ratios, with users paying a transaction fee.

• Earnings: LPs earn a portion of swap fees proportionally to their share of the pool.

Yield Farming

Users can stake LP tokens on Minswap to earn additional MIN tokens, incentivizing liquidity provision and enhancing platform growth.

Governance

Minswap follows a community-driven governance model. MIN holders vote on protocol changes and ADA delegation. Initially, small adjustments are managed by the core team, while major decisions require community voting. DAO governance is gradually expanding toward full community control.

Roadmap and Achievements

Since Q2 2021, Minswap has launched testnets, the FISO model, MINt token, Laminar solution, Mainnet, and Liquidity Bootstrapping Event. Additional improvements include user experience enhancements, DAO governance, Yield Farming V2, and staking rewards.

MIN Token Details

• Total Supply: 2.49B MIN

• Max Supply: 2.5B MIN

• Circulating Supply: 1.75B MIN

Token Use Cases

• Stake MIN to earn ADA rewards.

• Hold MIN for trading fee discounts.

• Participate in governance decisions.

MIN Token Distribution

• Yield Farming: 38.26%

• Circulating Supply: 34.53%

• Development Fund: 8.42%

• Team Tokens: 8.40%

• DAO Treasury: 6.67%

• Incentives & Partnerships: 2.17%

• MIN from MINt: 1.55%

Ecosystem and Features

Minswap’s ecosystem features fast, low-cost token swaps, multiple liquidity pools, and community-oriented governance. Key features include:

• Community-driven token distribution and DAO governance.

• Innovative mechanisms like FISO model and Launchpool.

• SPO support and automatic fee conversion (Babel Fees).

• Liquidity Bootstrapping Event and Launch Bowl for new projects.

• MIN staking options: 9-month fixed contract or liquid staking.

Platform Highlights

• Multi-Pool Models (Router): Combines AMM algorithms (Constant Product, StableSwap) for optimized liquidity.

• Low Transaction Fees: Utilizes Cardano’s cost-efficient infrastructure.

• Non-Custodial: Users retain full control of their assets.

• Community-Driven: Fair launch and strong governance put the protocol in users’ hands.

Official Links

• Website
• Twitter
• Telegram
• Discord

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But is this just another token, or a serious challenge to existing networks like Base?

INK Token: Utility First, Governance Last

According to the Ink Foundation, INK will have a fixed supply of 1 billion tokens and will not be used for governance purposes. This decision stands in contrast to most token models that rely heavily on community voting and governance dynamics. Instead, INK is being pitched as a “single-token model designed for usage, not speculation.”

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The token’s first use case will be a DeFi liquidity pool built on Aave. Users participating in this pool will likely be eligible for an airdrop, with more drops potentially planned. INK aims to provide a foundational liquidity layer for DeFi activity on the Ink network.

Part of the Optimism Mainnet Superchain Vision

Ink is part of the Optimism Mainnet Superchain initiative, which allows different Layer 2s to interoperate, share governance infrastructure, and utilize the OP Stack. Notably, Kraken’s Ink network is the first outside of Optimism itself to implement permissionless fault proofs.

Meanwhile, Base, the L2 developed by Coinbase, remains the most active with over 10 million daily transactions. However, with a unique token model and deep DeFi integration, INK could be a serious contender.

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 Kraken-Backed Ethereum Layer 2 Launches INK Token to Rival Base appeared first on Coin Engineer.

History of Alchemist AI

The Alchemist AI website narrates the platform’s origins through a mythological tale set in an ancient realm called Alberon. According to this story, in the mist-filled valleys of Arcane Forge, the masters of “Alchemy of Language” discovered how to transform words into digital reality.

This narrative reflects the platform’s mission to make software development as natural as speaking your ideas. By combining AI language models with blockchain technology, the anonymous team behind the project has built a system where applications can be created with simple descriptions.

The Purpose of Alchemist AI

The primary goal of Alchemist AI is to eliminate the technical barriers in web application creation through natural language. It removes the need for programming knowledge, empowering anyone to build applications without learning complex coding languages.

Additionally, it aims to reduce the development process from months to minutes. Through AI-powered code generation and automated testing, users can quickly prototype and bring their ideas to life.

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Alchemist AI also seeks to democratize app monetization through a marketplace ecosystem. Users can sell the applications they develop directly to others, earning ALCH tokens, and fostering a community that turns ideas into revenue.

How Does Alchemist AI Work?

Alchemist AI employs a four-step process to transform simple text descriptions into functional applications:

1. Natural Language Understanding: The AI analyzes user descriptions to identify key features, functional requirements, and constraints.
2. Code Generation: The system automatically generates the required application code, assembling both front-end and back-end components.
3. Framework Integration: The generated code is integrated with modern web frameworks to ensure compatibility across different environments.
4. API Integration: Applications are connected to external services through APIs for seamless functionality.

Users can customize this process through Generation Settings, which include parameters such as:

• Creativity: The level of innovation in solutions.
• Consistency: Logical structure and flow.
• Accuracy: Precision of the application.

Key Features of Alchemist AI

1. AI Laboratory: The AI Sacred Laboratory is where users develop applications using natural language. Instead of writing code, users describe the app they want to build, and the AI brings it to life.
   Steps include:
   • Describe the desired application in simple terms.
   • Watch Alchemist AI generate it.
   • Use the Wizard Chat Bot to refine the result.
   • Make visual adjustments for further customization.
2. Arcane Forge Marketplace: This decentralized marketplace allows the Alchemist AI community to share and monetize their creations. All transactions are conducted using the native token, ALCH.
3. Magic Orb: A control panel used to customize app creation. Users can easily adjust the design and features of their applications.

ALCH Tokenomics

The total supply of ALCH tokens is capped at 1 billion, distributed as follows:

• Liquidity Pool (85%): 850,000,000 ALCH
• Treasury & Ecosystem (7%): 70,000,000 ALCH
• Marketing (5%): 50,000,000 ALCH
• Team (3%): 30,000,000 ALCH

This distribution prioritizes liquidity within the ecosystem while allocating sufficient resources for marketing and development. The small percentage reserved for the team ensures the token maintains a community-focused structure.

Alchemist AI revolutionizes software development by making it a language-based and intuitive process. By 2025, the platform aims to introduce features like Pro Mode to facilitate the creation of even more complex applications. This innovative approach is critical to the long-term success of both Alchemist AI and the ALCH token.

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How Does PumpAI Work?

PumpAI offers a simple workflow for users to create their own coins. First, users provide the details of their token to PumpAI, and then launch it using the bonding curve model. This model determines the token’s initial market value, and the trading of the coin continues on the PumpAI platform until the market cap limit is reached. Once the bonding curve is completed, the token’s liquidity pool (LP) is transferred to Meteora, and staking options are opened. Thus, users can trade on PumpAI before launching their token and enjoy trading and staking on Meteora afterward.

Why PumpAI?

• No Technical Knowledge Needed: Create and launch your token without any coding skills.
• Developers & Hodlers Earn Without Selling: Generate passive income through Meteora’s DLMM yield system without selling your tokens.
• Customize Initial Market Cap (v1.1): Customize the initial market cap of your token based on where the bonding curve ends.
• Integrated Rewards with Staking Pools: Create staking pools offering integrated rewards for participants.
• Rewards for Top Investors: Incentivize top traders with appealing rewards to increase engagement.

PumpAI and Meteora

PumpAI is built on Meteora and Solana, both fast-growing ecosystems with high impact. This partnership makes PumpAI the first AI launchpad offering integrated staking pools for token projects and allowing developers and stakers to earn Solana rewards driven by Meteora’s DLMM systems.

PumpAI’s target market is valued in billions and compares with high-volume platforms like Meteora. Solana’s scalability and impressive daily transaction volume allow PumpAI to benefit from this growing market. Solana is projected to grow from USD 116 billion in 2024 to USD 3 Trillion by 2035, presenting a significant growth opportunity for PumpAI.

Integrated with Meteora: PumpAI is uniquely integrated with Meteora, providing direct access to millions of active users and ensuring unmatched user acquisition and engagement.

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Cherry Ecosystem: By collaborating with the Cherry ecosystem, PumpAI runs precision-targeted user acquisition campaigns, reaching millions of Web3 users and generating massive impressions.

Cross-Marketing with Trading Bots: PumpAI leverages cross-marketing with over 10 trading and sniper bots to tap into the active Web3 audience and accelerate platform growth.

PumpAI Daily Volume Potential

PumpAI introduces continuous market activity through the bonding curve model. The platform sustains growth by charging a 1% fee on every trade, supporting innovation while ensuring sustainability. Launchpads using this mechanism have achieved millions of dollars in daily trading volume.

PumpAI Token Economy

The PumpAI token economy provides various opportunities for both investors and developers. A 1% fee is applied on PumpAI token trades, helping maintain the platform’s sustainability while supporting innovative features.

Additionally, when purchasing PumpAI coins, a 10% tax is applied on the developer’s first purchase. This mechanism is designed to enhance loyalty to the platform and reward early backers of the project.

The maximum supply of PumpAI coins is 1 billion tokens. This limited supply is a strategy to maintain and potentially increase the token’s value over time. The supply cap ensures control over the token’s value and creates a balanced ecosystem based on market demand.

Where to Buy PumpAI?

PumpAI coin will be available for trading on the MEXC exchange starting January 3, 2025. This marks an important milestone for PumpAI as investors will be able to easily access the token through this platform. MEXC is known for its large user base and trading volume, offering increased visibility and liquidity for PumpAI coin.

Listing a new token on popular exchanges typically attracts significant investor attention. This step will enable PumpAI coin to be discovered by more people and see an increase in trading activity.

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Arkham Intelligence Unveils Trigger Behind JUP’s Price Surge: Liquidity Withdrawal

Nevertheless, there was a specific trigger for the rise in Jupiter’s price, as Arkham Intelligence revealed in a post. According to Arkham, the Jupiter exchange team had withdrawn liquidity from the original JUP pool. At the time the article was published, the team had withdrawn 90 million JUPs from the pool.

The Jupiter team has begun to pull liquidity from the initial JUP pool.

So far, they’ve taken out 90M JUP ($52.2M) and $9.7M USDC.

This JUP represented overhanging sell pressure that has now been returned to Jupiter wallets. pic.twitter.com/x7x51CMsAp

— Arkham (@ArkhamIntel) February 7, 2024

A liquidity pool consists of cryptocurrencies that are locked in a smart contract and enable faster orders and transactions on a decentralized exchange (DEX). In terms of price dynamics, the withdrawal of liquidity from the pool serves to reduce selling pressure on the cryptocurrency, as was the case with JUP.

Market Synergy: Jupiter’s Growth Mirrors Solana’s Momentum

Another reason for the rise of Jupiter could be the rise of Solana. Solana was trading below $100 for a while, but when Jupiter shot up, Solana was trading at $102. Jupiter and Solana are linked in some ways; Jupiter is an exchange built on Solana.

Hype Alert: Social volume rises as Jupiter passes $0.59 milestone

The recent rally has shown how market participants have capitalized on the price movement triggered by the increase in trading volume on the stock exchanges. In the first hours of February 7, the trading volume was $265.95 million. Within a few hours, however, it jumped to $465.12 million, indicating significant buying and selling activity in JUP. In terms of social volume, the data shows an increase in social volume with rising prices. There was a significant increase in social volume when JUP reached $0.59. Social volume reflects the frequency of searches for an asset, with an increase indicating increased interest and discussions around the token. Conversely, a decrease signals a decrease in hype.

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Those who contribute to them, known as liquidity providers (LPs), add tokens of equal value to the pool. In return for their support, LPs earn fees based on the transactions carried out within the pool. The more liquidity they provide, the higher their potential earnings.

Automated market makers make it easy for anyone to participate in liquidity provision. When you want to buy an asset from liquidity providers, there isn’t a traditional seller involved. Instead, an algorithm manages the transactions and sets the price based on the activities taking place within the pool. Automated market makers ensure that you can trade against the liquidity within the pool, eliminating the need for a specific counterparty.

As long as there is enough liquidity available, you can complete your transaction smoothly.

On the Binance Smart Chain (BSC), you’ll find similar exchanges like PancakeSwap, BakerySwap, and BurgerSwap, all of which utilize BEP-20 tokens. These platforms provide opportunities for liquidity provision and trading.

In the Ethereum ecosystem, popular exchanges that utilize liquidity pools include SushiSwap, Curve, and Balancer. The liquidity pools on these platforms mainly consist of ERC-20 tokens.

Liquidity pools are a crucial technology powering the current DeFi landscape. They facilitate decentralized trading, lending, and the generation of returns, among other functionalities. Smart contracts associated with liquidity pools form the backbone of numerous DeFi applications and services.

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