Take a look at the most noteworthy industry events and important project developments in the coming week.
- io.net will open IO token airdrop applications at 19:00 on June 11.
- Approximately $96.7 million in APT will be unlocked on June 12.
- The Aethir Season 1 airdrop will be available on June 12th.
- The Federal Reserve will announce its interest rate decision in the early morning of June 13.
- ZKsync will announce the ZKsync protocol delegation process, token distribution, etc. this week.
This week (June 11-June 16, 2024), Web3 events are not to be missed. Here is a preview of this week’s highlights:
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important events
The Federal Reserve will announce its interest rate decision in the early morning of June 13th Beijing time, and will also release the latest Summary of Economic Projections (SEP) and dot plot. Currently, the market generally expects the Federal Reserve to keep interest rates unchanged for the seventh consecutive time.
Fetch.ai, Ocean Protocol and SingularityNET have finalized that the merger of the Artificial Super Intelligence Alliance ASI will be completed on June 13, 2024. Starting on June 11, FET will be renamed ASI, and users will be able to convert ERC20 tokens from FET to ASI tokens through the token migration contract. Starting on June 13, AGIX and OCEAN tokens can be converted to ASI.
A Nigerian court has adjourned the case of Binance executive Tigran Gambaryan until June 14.
Project Progress
Nostra will conduct a TGE and launch a liquidity bootstrapping pool (LBP) activity from June 10 to 13, with all proceeds from LBP used for DEX liquidity. TGE (including airdrop) will be conducted on June 17, and NSTR will be launched on both the Ethereum mainnet and Starknet.
The "Airdrop 1" of the Base chain's thank-you token BUILD will be available on June 11, with a snapshot time of 14:00 on June 4. The eligibility requirements (at least one of the following conditions) are: having a Farcaster ID before May 15, 2024, having an ENS domain name before May 15, 2024, and Proof of Humanity Credential (currently Gitcoin Passport and World ID can be used). BUILD is a thank-you token on Base and a social game on Farcaster that rewards on-chain builders. Its token economic model shows that BUILD is 100% owned by the community, with no team or investor allocations.
io.net will open IO token airdrop applications at 19:00 on June 11. In addition, Binance will launch IO at 20:00 on June 11 (GMT+8), and open IO/BTC, IO/USDT, IO/BNB, IO/FDUSD and IO/TRY trading pairs.
The decentralized GPU cloud infrastructure Aethir Season 1 airdrop will be available on June 12. The total supply of ATH is 42 billion, of which 2.52 billion (6%) have been reserved for airdrop rewards. The Aethir airdrop event is divided into three Seasons. In Season 2 and Season 3, rewards will be reserved for those who actively participate in Aethir mainnet activities. In addition, Aethir's Checker node holders can set up and start nodes on the mainnet from June 12, and earn 15% of the total supply ATH in the next four years.
ZKsync will announce details of the ZKsync protocol delegation process, ZKsync protocol token distribution, and how users can actively contribute to the development of ZKsync this week. Previously, sources said that ZKsync plans to conduct an airdrop in mid-June (around June 13).
Arweave public testnet Arweave AO will issue its own tokens, and the token economic model will be released on June 13.
Modular Cosmos game L1 Tabi Chain will hold a public token sale on Beanco on June 13, supported by Sign and TokenTable, and participants will have the opportunity to receive future sign + gg token airdrops.
The Pirate Nation Foundation announced that it will launch the ERC-20 token PIRATE on the Ethereum network on June 13, 2024. The total amount of PIRATE is 1 billion, of which the community allocation accounts for 47%, the team allocation accounts for 28%, the ecosystem allocation accounts for 13.25%, and the investors and consultants allocation accounts for 11.75%. Of the community allocation, 31.91% of the tokens (19% of the total supply) will be available on the day of the TGE by Season 0 and Season 1 participants and Founder's Pirates NFT holders. US citizens will not be able to claim PIRATE tokens.
Infinex, a decentralized perpetual contract trading platform launched by Synthetix, will issue 20 million governance points to each holder of Mad Lads and Pudgy Penguins. Holders can be eligible for distribution by creating an Infinex account and depositing 50 USDC. The snapshot will be taken on June 13.
The mainnet staking of the social public chain Cyber has been delayed to June 14.
Galxe will snapshot the first batch of GAL staking rewards at 10:00 Beijing time on June 14. The first batch of rewards will include ARB, MERL, and ZKJ, of which the three rewards will follow different staking rules: ARB rewards have no minimum staking GAL quantity requirement, and the maximum GAL quantity is limited to 200,000; MERL rewards have a minimum staking GAL quantity requirement of 200, and a maximum GAL quantity limit of 5,000; ZKJ rewards have a minimum staking GAL quantity requirement of 100, and a maximum GAL quantity limit of 10,000.
The Ethereum network user interface of Marlin, a verifiable computing protocol based on TEE and ZK, will be abandoned on June 15. Users need to cross-chain their tokens to Arbitrum, whose relay network was migrated from Ethereum to Arbitrum in January 2022.
Notcoin users need to claim NOT before June 16th. NOT can be withdrawn from the Notcoin bot to the wallet, and staking users can also withdraw. The special offer for staking has ended, and the "Levels" and "Explore" features will be opened to new users soon. Some unclaimed NOT will be used for future development, and other tokens will be destroyed.
Upcoming Events
The application deadline for the first phase (P1) of the multi-chain ZK Rollup and Layer3 protocol zkLink Ecosystem Developer Funding Program is June 11, and successful applicants will be notified by June 15 at the latest. The application results will be announced at the end of each quarter. The program will allocate 20 million ZKL (2% of the total token supply) to promote innovation.
The registration application for the fourth season of TON Open League will close at 19:00 on June 11, 2024 (GMT+8).
L1 blockchain MANTRA will hold a 3-day hackathon "Hackers Hideout" in Delhi, India from June 14th to 16th. Hackers Hideout will incentivize projects built on the Hongbai testnet (the latest stage of MANTRA Chain development), focusing on RWA tokenization.
Token Unlock
According to Token Unlocks data , APT, STRK, and IMX will have a one-time large-scale token unlocking, including:
11.31 million Aptos tokens APT will be unlocked on June 12, worth approximately $96.7 million, accounting for 2.58% of the circulating supply;
25.53 million Immutable tokens IMX will be unlocked on June 14, worth approximately $51.32 million, accounting for 1.72% of the circulating supply;
Starknet token STRK will unlock 64 million STRK on June 15, worth approximately US$74.88 million, accounting for 4.92% of the circulating supply.
Voting Governance
The ApeCoin DAO community's two proposals for nominees for the Special Council and the Marketing and Communications Working Group will close on June 13. The two proposals will each select five candidates to participate in the elections held from June 13 to 19, and the terms of office of the candidates in both proposals will begin on July 1, 2024.
The Arbitrum DAO vote on several proposals related to "Launch the First BoLD Validator" closed on June 14, with the BoLD vote intended to solicit ArbitrumDAO's temperature check on Arbitrum One and Nova's position on the BoLD upgrade. BoLD is a new dispute resolution protocol that unlocks permissionless validation for the Arbitrum chain and enhances its security by reducing the risk of latency attacks.
Another proposal seeks 4,234 ETH to enable the Arbitrum Foundation to run a BoLD validator and fulfill its responsibilities as the first (but not necessarily the only) proposer;
In addition, the Arbitrum Foundation seeks 900 ETH for operating costs, 500 ETH for service fees for active participation and advancement of the network, and 400 ETH for refunding L1 Gas fees;
NFT News
The NFT series inBetweeners will take a snapshot before June 16, and inBetweeners series holders, D&G Drip Collection series holders, and ALTS by adidas series holders will be eligible for the whitelist of inBetweeners' new series in collaboration with Juventus.
