$HOLO token (HOT) is the native cryptocurrency of the Holo network, a decentralized platform for hosting applications built on th# Holochain framework. HOT was created as an interim Ethereum token (ERC-20) to be redeemed for a future native HoloFuel credit system, which will be used to pay hosts for their services. The goal of the Holo network is to provide a decentralized and accessible ecosystem for peer-to-peer distributed applications (dApps).
How it works
Hosting dApps:
Holo allows anyone to become a host for decentralized applications (dApps) by running them on their personal computer.
Incentives:
Hosts are rewarded with Holo tokens (eventually HoloFuel) for contributing to the network's infrastructure by hosting dApps.
Interim vs. future currency:
The ERC-20 HOT token was minted as a placeholder, or "IOU," for the eventual HoloFuel, which will be the actual accounting system for payments within the network.
Bridge to the internet:
Holo serves as a bridge between the broader internet and the dApps built with Holochain, making them easily accessible to users. #holoworldai $HOLO
#boundless $ZKC ZKC is the native token of the Boundless network, a universal zero-knowledge $ZKC compute layer developed by RISC Zero. The token is used for staking, paying for proving services, and participating in network governance. It functions as an incentive for $ZKC provers and provides economic security for the network through a collateralization system.
#boundless $ZKC ZKC is the native token of the Boundless network, a universal zero-knowledge (ZK) compute layer developed by RISC Zero. The token is used for staking, paying for proving services, and participating in network governance. It functions as an incentive for ZK provers and provides economic security for the network through a collateralization system. ZKC is the native token of the Boundless network, a universal zero-knowledge (ZK) compute layer developed by RISC Zero. The token is used for staking, paying for proving services, and participating in network governance. It functions as an incentive for ZK provers and provides economic security for the network t
Provers must stake #ZKC is the native token of the Boundless protocol, a decentralized network for scalable and private zero-knowledge (ZK) computation that can be used by any blockchain. ZKC serves as a utility and governance token, used for staking to secure the network, rewarding "provers" who generate ZK-proofs, and enabling holders to vote on protocol upgrades and other ecosystem decisions. as collateral before generating ZK-proofs; if they fail, a portion of their stake is burned. #
Rewards for Proof Generation:
Provers earn ZKC for successfully creating valid zero-knowledge proofs, a process known as Proof of Verifiable Work (PoVW).
Governance:
ZKC holders can participate in the governance of the Boundless network by voting on proposals for upgrades, grants, and other community initiatives.
ZKC is the native token of the Boundless protocol, a decentralized network for scalable and private zero-knowledge (ZK) computation that can be used by any blockchain. ZKC serves as a utility and governance token, used for staking to secure the network, rewarding "provers" who generate ZK-proofs, and enabling holders to vote on protocol upgrades and other ecosystem decisions. ZKC is the native token of the Boundless protocol, a decentralized network for scalable and private zero-knowledge (ZK) computation that can be used by any blockchain. ZKC serves as a utility and governance token, used for staking to secure the network, rewarding "provers" who generate ZK-proofs, and enabling holders to vote on protocol upgrades and other ecosystem decisions.
#ZKC is the native token of the #Boundless protocol, a decentralized network for scalable and private zero-knowledge #(ZK) computation that can be used by any blockchain. #ZKC serves as a utility and governance token, used for staking to secure the network, rewarding "provers" who generate #ZK-proofs, and enabling holders to vote on protocol upgrades and other ecosystem decisions.
Kava is a hybrid, Layer-1 blockchain that combines the speed and interoperability of the Cosmos ecosystem with the smart contract development capabilities of Ethereum. The network is designed to be a hub for decentralized finance (DeFi) and Web3 applications, enabling cross-chain lending, borrowing, and swapping of various crypto assets. Kava's co-chain architecture A key feature of Kava is its dual-chain or "co-chain" architecture, which allows it to serve two developer environments simultaneously. Cosmos Co-Chain: This side of the network utilizes the Cosmos SDK and the Tendermint proof-of-stake consensus mechanism. This provides high-speed transaction finality (around 6 seconds) and native interoperability with other Cosmos-based blockchains through the Inter-Blockchain Communication Protocol (IBC). Ethereum Co-Chain: This is an Ethereum Virtual$KAVA @kava #KavaBNBChainSummer
Dolomite ($DOLO ) is the native cryptocurrency of the Dolomite decentralized finance (DeFi) protocol, which combines a money market with a decentralized exchange (DEX). The platform enables capital-efficient lending, borrowing, and trading on several networks, including Ethereum, Arbitrum, and Berachain. Key features and mechanics Capital-efficient collateral: Dolomite uses a "Dynamic Collateral" system that lets users retain the utility of their assets while using them as collateral. For example, a user can earn staking rewards and governance rights on an asset even while borrowing against it. Integrated DEX: The protocol has a DEX that allows for spot and margin trading directly on the platform, without needing to transfer assets elsewhere. Modular architecture: Dolomite's flexible design allows it to support a wide range of assets, including complex yield-bearing tokens. It has a layered architecture with an immutable core for security and a flexible module layer for new features.#Dolomite $DOLO @Dolomite
The native BB coin belongs to the BounceBit network, which is a Bitcoin (BTC) restaking and infrastructure project designed to bridge centralized finance (CeFi) with decentralized finance (DeFi). The project aims to create more yield-generating opportunities for Bitcoin holders, whose assets are traditionally less active in the DeFi ecosystem. BounceBit network features CeDeFi approach: The platform blends elements of both CeFi and DeFi to maximize returns. Yields are generated through institutional-grade strategies like funding rate arbitrage, while on-chain activities include staking and yield farming. Native BTC restaking: BounceBit enables users to restake their BTC. These staked assets are managed by regulated custodians and can also be represented as Liquid Custody Tokens (LCTs) for use in DeFi applications on-chain. Dual-token proof-of-stake (PoS): The network is secured by a hybrid PoS consensus mechanism. Validators must stake both BTC (as wrapped tokens) and the native BB coin to participate in verifying transactions and receive rewards. EVM compatibility: The BounceBit chain is fully compatible with the Ethereum Virtual Machine (EVM), which allows developers to easily migrate or build decentralized applications (dApps).$BB #BounceBitPrime @BounceBit
WCT, the WalletConnect Token, is the native governance and utility token for the WalletConnect Network, an open protocol and decentralized ecosystem connecting cryptocurrency wallets to decentralized applications (dApps). It fuels the onchain UX ecosystem by allowing users, wallets, and apps to participate in shared incentives and governance for network upgrades and fee structures. Launched on the Optimism network, WCT has a capped total supply of 1 billion tokens. Key Functions of WCT Governance: Holders can participate in voting on important network decisions, such as protocol upgrades and fee structures, to help guide the WalletConnect Network's evolution. Incentives: WCT is used to reward participants in the ecosystem. Performance-Based Rewards: Node operators and wallet providers can earn WCT based on metrics like uptime and successful connections, according to Binance Academy. Airdrops: Some WCT tokens are distributed via airdrops to eligible users and contributors, notes CoinGecko.#WalletConnect @WalletConnect $WCT
The Pyth coin (PYTH) is the native cryptocurrency of the Pyth Network, a decentralized oracle network. Pyth's core mission is to supply real-time, high-fidelity financial market data directly from institutional sources to decentralized applications (dApps) across numerous blockchains. What is the Pyth Network? The Pyth Network operates by bridging the gap between traditional finance and blockchain technology, providing mission-critical data to power decentralized finance (DeFi). First-party oracle model: Unlike other oracles that may rely on third parties, Pyth sources its data directly from leading financial institutions, exchanges, and market makers, including major trading firms. High-frequency data: The network aggregates data from over 80 providers to create a single, reliable price and confidence interval for various assets. Pull oracle design: Pyth uses a "pull-based" model, where dApps and smart contracts request and pull data updates when needed, which is more gas-efficient than continuously pushing data to the network. Cross-chain functionality: Its data feeds are available across more than 40 blockchains, including Solana and Ethereum, making it accessible to a wide range of developers.@Pyth Network #PythRoadmap $PYTH
Mito coin" can refer to two different cryptocurrencies: Mitosis (MITO), a DeFi protocol, and a separate, high-risk token also called MITO. For investors, it is crucial to distinguish between these two assets. Mitosis (MITO): A cross-chain DeFi protocol Mitosis (MITO) is a decentralized finance (DeFi) protocol that aims to solve liquidity fragmentation across various blockchains like Ethereum and Solana. How it works: Users deposit assets into "Mitosis Vaults" on different blockchains. In return, they receive "Hub Assets" on the Mitosis Chain. These assets can then be deployed into two yield-generating frameworks: Ecosystem-Owned Liquidity (EOL) and Matrix. This approach allows users to deploy liquidity across multiple chains without needing to lock up assets on a single chain.#Mitosis $MITO @Mitosis Official
SOMI is the native cryptocurrency of the Somnia network, a Layer 1 blockchain designed for high-performance, real-time consumer applications like gaming, social media, and metaverse environments. Its primary goal is to overcome the scalability bottlenecks of traditional blockchains and operate at speeds comparable to Web2 applications. Technology and architecture Somnia achieves high throughput and low latency through a combination of technologies: Its MultiStream Consensus allows validators to process transactions in parallel. Accelerated Sequential Execution compiles EVM code directly into optimized machine code for faster execution. A custom IceDB database provides predictable high-speed data access. Advanced compression and signature aggregation reduce bandwidth requirements. #Somnia $SOMI @Somnia Official
Based on search results, "OpenCoin" refers to several distinct entities, including the company that became Ripple Labs, a digital cash protocol from 2007, and various cryptocurrencies with similar names. The user is likely asking about the Ripple Labs precursor or one of the active crypto projects. Here is a breakdown of the different projects associated with the name "OpenCoin." OpenCoin Inc., precursor to Ripple Labs This is the most historically significant use of the name. Company: OpenCoin was a US-based technology company co-founded in 2012 by Jed McCaleb and Chris Larsen. Product: The company developed the Ripple protocol and its associated digital asset, the XRP cryptocurrency. The goal was to create a fast, cheap, and secure payment network for global transactions. Rebrand: In September 2013, the company changed its name to Ripple Labs. The name was later shortened to Ripple in 2015. Confusion: The history of the company and its rebrand can create confusion, as people may not realize that OpenCoin was the original name of the company now known as Ripple.$OPEN @OpenLedger #OpenLedger
"Plum Coin" does not refer to a single, established cryptocurrency but rather to several different digital tokens and even a fictional game currency. The specific asset you are interested in depends on the project's ticker symbol: PLUME, PLUMS, or PLUM. PLUME PLUME is the token for the Plume Network, a project focused on the tokenization of Real-World Assets (RWA). Concept: Plume is an Ethereum-compatible (EVM) blockchain built as a Layer 2 network to merge traditional finance and decentralized finance (DeFi). Purpose: It allows for the tokenization of tangible assets like real estate, credit, and commodities. The network provides infrastructure for RWA finance (RWAfi), including trading, lending, and yield generation for these assets. Technology: It features a full-stack architecture with a tokenization engine (Arc), smart wallets, and a data integration layer (Nexus) to ensure compliance and functionality. Status: The Plume Network has more than 200 projects building on its ecosystem and is backed by major venture capital firms. @Plume - RWA Chain $PLUME #plume
Create at least one original post on Binance Square with a minimum of 100 characters. Your post must include a mention of @Plume - RWA Chain and contain the hashtag #Plume and $PLUME to be eligible. Content should be relevant to Plume and original.