Protocol Publications

Open Exchange Token (OX Coin), rebranded from OX V1 to OX V2 and launched in May 2023, aims to revolutionize cryptocurrency trading by offering discounted trading fees, staking rewards, and governance rights within the Open Exchange platform. The token addresses key issues such as high trading fees, lack of incentives for active participation, and centralized governance. With a total supply of 10 billion tokens, OX Coin's distribution model incentivizes community engagement, network security, and ecosystem growth. Unique features include a dynamic staking fee discount system and reduced fees for real-world asset tokenization. Backed by a team of experienced professionals, OX Coin is poised to become a staple in digital wallets, providing a more cost-effective, participatory, and transparent trading experience.

Shiba Shootout, a new meme coin with a Wild West theme, is gaining traction in the cryptocurrency market, having raised over $500k during its presale phase. Unlike typical meme coins, Shiba Shootout offers an immersive experience with characters like Marshal Shiba and the Shiba Sharpshooters, engaging users through features such as 'Shiba Showdowns,' 'Posse Rewards,' and 'Campfire Stories.' The project’s innovative elements, including token governance and staking options, have attracted significant investor interest. With a total supply of 2.2 billion tokens and a comprehensive roadmap aimed at long-term growth, Shiba Shootout aims to establish itself as a prominent player in the meme coin space. Early investors can acquire $SHIBASHOOT tokens at a presale price of $0.0195, with the price set to rise as the presale progresses.

BitTorrent, launched in July 2001, is a pioneering peer-to-peer (P2P) file-sharing platform that has significantly evolved, especially after its acquisition by TRON in 2018. Initially created by Bram Cohen to challenge the traditional entertainment industry, BitTorrent has faced numerous legal battles but has remained a key player in decentralized file sharing. The introduction of the BTT token in February 2019 on TRON's blockchain marked a new phase, incorporating features like BitTorrent Speed and BitTorrent File System (BTFS). With a total supply of 990 billion BTT tokens, the platform has expanded its offerings to include premium services and enhanced security measures. Under the leadership of Justin Sun, BitTorrent continues to innovate in the digital content distribution space, leveraging its large user base and TRON's blockchain technology.

The Mt. Gox Rehabilitation Trustee, Nobuaki Kobayashi, has requested more time for Bitcoin and Bitcoin Cash repayments to creditors, citing ongoing verification processes and finalization of agreements with designated cryptocurrency exchanges. Despite initiating partial repayments on July 5, 2024, further delays are expected, sparking frustration among creditors who have been waiting since the exchange's collapse in 2014. The rehabilitation process, marred by legal complexities and the need for secure and verified transactions, has tested the patience of many. The Trustee has assured that repayments will be made once conditions are met, but the lack of a clear timeline has left creditors feeling disillusioned. The Mt. Gox collapse, which resulted in the loss of approximately 850,000 Bitcoins, has underscored the importance of security, transparency, and regulatory oversight in the cryptocurrency industry.

Model Labs is pioneering the integration of artificial intelligence (AI) within the cryptocurrency landscape, aiming to revolutionize digital currency transactions and investments by making them secure, smart, adaptive, and streamlined. The Model Labs crypto token (MODEL) serves as a catalyst for AI technologies in the cryptocurrency ecosystem, enhancing innovation and efficiency. The token offers various utilities, including access to blockchain networks and decentralized applications (DApps), AI-driven innovation, live market updates, and a fair distribution model. Unique features such as an NFT Stake & Earn program and an AI Chatbot further distinguish MODEL from other tokens. The tokenomics of MODEL includes mechanisms to control inflation, such as token burning and staking rewards. The project is backed by a team of experienced professionals, including CEO Kristin Smith, Executive Assistant AnnMarie Brockhouse, and Chief of Staff Allie Page, who bring diverse expertise in blockchain technology, policy development, and operations.

X-Metaverse is a revolutionary blockchain-based 3D universe available on Android, iOS, and PC, blending elements from StarCraft and Star Wars to offer an immersive gaming experience. Players can explore vast galaxies, upgrade spaceships, and cultivate diverse races while earning cryptocurrency through various in-game actions such as conquering territories, mining resources, and engaging in battles. The game leverages blockchain technology to ensure the uniqueness and ownership of in-game assets via tokens and NFTs, creating real-world value for players. With continuous updates, community-driven development, and plans for integration with other blockchain projects, X-Metaverse is setting a new standard in the gaming industry by combining traditional gameplay with innovative blockchain features.

Crypto investor Will Clemente predicts that Coinbase stock could soar to $1,700 per share, valuing the company at $400 billion, contingent on significant shifts in U.S. regulatory policy. Currently trading at around $222, Coinbase has seen an uptrend since January 2023 but remains over 30% below its post-IPO peak. Clemente's forecast hinges on factors like regulatory changes, government patronage, technological advancements, and stablecoin policies. Coinbase's position as a leading U.S. crypto exchange, offering services like custodial solutions and an Ethereum-based layer-2 scaling solution called Base, gives it a unique advantage. However, challenges such as regulatory uncertainty, market competition, and technological risks could hinder its growth. The political landscape, particularly the outcome of the 2024 presidential election, will also play a crucial role in shaping Coinbase's future. While Clemente's prediction is ambitious, the potential for Coinbase to become a trillion-dollar business is not entirely far-fetched.

UBD Network is transforming digital wealth management by leveraging decentralized Trust Systems and smart contracts to eliminate human error and ensure transparent, secure asset management. Central to its ecosystem is the United Blockchain Dollar (UBD), an algorithmic stablecoin pegged to the US Dollar and backed by major cryptocurrencies like BTC and ETH, as well as stablecoins such as USDT and DAI. Complementing UBD is the UBDN token, which supports the ecosystem and provides users with monthly rewards. UBD Network's innovative approach ensures the secure storage, multiplication, and inheritance of digital assets, positioning it as a leader in the evolving digital asset management landscape. With a focus on transparency and security, UBD Network offers a compelling solution for investors and digital asset holders alike.

Hong Kong is set to introduce a staking feature to Ethereum ETFs, positioning itself ahead of the US SEC and responding to strong market demand. Vivien Wong, a partner at ETF issuer HashKey Capital, announced that this new feature, which allows investors to earn additional returns through staking, is under review by the Hong Kong Securities and Futures Commission and could launch in about six months. This proactive move highlights Hong Kong's leadership in the crypto market and its favorable regulatory environment. Wong also mentioned potential future ETFs for other cryptocurrencies like Solana, Chainlink, and Uniswap, indicating ongoing collaboration with regulators to bring innovative products to market. This development is expected to attract more investors, increase market liquidity, and offer diversified investment options.

xSUSHI is a token on the SushiSwap platform that offers passive income through staking. By staking SUSHI tokens in the Sushibar, users earn xSUSHI tokens, which appreciate in value as fees from the exchange are funneled back into the Sushibar. This mechanism ensures that xSUSHI consistently outpaces regular SUSHI in worth, making it a compelling investment for those looking to maximize their crypto assets. The process involves acquiring SUSHI tokens, connecting a cryptocurrency wallet to SushiSwap, staking the tokens, and then earning and monitoring xSUSHI. Benefits include passive income, value appreciation, and enhanced liquidity, while risks involve market volatility, platform vulnerabilities, and liquidity challenges. The future prospects of xSUSHI are promising, tied to the growth and innovation of SushiSwap and increased adoption and integration with other DeFi platforms.