Polyhedra Network’s ZKJ token crashes over 80% after Binance Alpha LPs reportedly pull liquidity

The multiplayer blockchain game My Neighbor Alice will launch its long-awaited “Chapter One: A New Adventure” on June 17. Far from a routine update, this release introduces an entirely new gameplay experience with new islands, gameplay improvements, and fresh partnerships.

ALICE Info

My Neighbor Alice is a multiplayer builder-game that merges the world of gaming with blockchain. Players can construct virtual lands, interact with others, and receive rewards. The game, drawing inspiration from mainstream games like Animal Crossing, offers both a regular gameplay narrative and a system for players to acquire and trade NFTs.

Central to My Neighbor Alice’s ethos is its community-driven governance. The game features a DAO, named The Community Council, which empowers ALICE token holders to engage actively in the decision-making processes. This includes areas such as game progression, validation of NFTs, and orchestrating various competitions. Moreover, the revenue generated is channeled back to the community, ensuring a continuous cycle of development and engagement. Additionally, DeFi components are seamlessly woven into the game, offering players incentives and enriching the gameplay experience.

ALICE is the inherent utility token for the game and serves several crucial functions. Within the game, it acts as the primary currency, facilitating the purchase of assets and unique abilities. It also plays a pivotal role in governance, enabling token holders to have a say in the game“s direction through the DAO. Furthermore, staking opportunities are available, allowing users to generate a portion of the game”s revenue. Lastly, as a means of engagement and retention, players can earn ALICE tokens by completing various in-game quests.

Cardano is scheduled to hold an official side event in Chisinau, on June 16th. The program features wine tasting, live demonstrations and an examination of how Digital Twins are applied to improve transparency across supply chains from vineyard to retail.

Refer to the official tweet by ADA:

ADA Info

Cardano is a public blockchain platform for smart contracts, similar to Ethereum. Launched in 2017, it was developed by Ethereum co-founder Charles Hoskinson. The Cardano project is known for its emphasis on a research-driven approach, and it was the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach.

The Cardano blockchain operates in a unique way. It uses a new proof of stake algorithm known as Ouroboros. Unlike proof-of-work blockchains, which rely on miners to verify transactions and create new blocks, the Ouroboros algorithm chooses a node (stakeholder) to generate a new block based on the proportion of cryptocurrency that stakeholder holds. This makes the Cardano network highly scalable.

Cardano’s ADA token is used for transactions within the network as well as a way for network participants to vote on changes to the platform. It is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.

One of the most distinguishing features of Cardano is its layered architecture including the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). The CSL manages the cryptocurrency ADA, and handles transactions, while the CCL is responsible for the smart contracts and computation. This separation allows for better network security, flexibility, and simplicity in the design of smart contracts.

In conclusion, Cardano is an innovative blockchain platform that“s designed to be secure, scalable, and sustainable. It”s unique in the cryptocurrency world due to its science-based approach, its layered architecture, and its focus on stakeholder voting.

Lido DAO will conduct a community call on June 17th at 16:00 UTC. The agenda includes a protocol update on Lido ValSet, a presentation of Grandine, a progress report on stVaults Testnet from the stETH Workstream, and a preview of the Community Staker Module’s Identified Community Staker feature.

LDO Info

The Lido project is a liquid staking platform for PoS (Proof-of-Stake) cryptocurrencies, which enables users to stake their tokens on Lido and receive tokenized versions of their staked assets at a 1:1 ratio. Lido supports Ethereum 2.0 staking and other Layer 1 PoS blockchains, such as Solana, Polygon, Polkadot, and Kusama. By issuing these tokenized assets, users maintain liquidity and are able to participate in DeFi activities for additional yield while earning staking rewards.

The mechanism of operation for Lido revolves around its unique liquid staking solution. Users can stake any amount of PoS assets, addressing the issues of illiquidity, complexity, and centralization present in traditional PoS staking. When a user deposits assets to Lido, they’re staked on the relevant blockchain via Lido’s smart contract, which manages deposits, withdrawals, fund delegation, fees, token minting and burning, and more. Users receive a tokenized version of their deposited funds (stAsset tokens), which can be used in DeFi protocols and dApps to earn additional rewards.

Regarding the LDO token, it’s important to note that LDO is the native governance token of the Lido protocol. Holders of LDO tokens have the power to vote on proposals in the Lido DAO (Decentralized Autonomous Organization). The DAO governs the protocol and makes crucial decisions regarding its operation, ensuring alignment with stakeholder interests. The DAO manages fee parameters and distribution, addition and removal of node operators, and other aspects of the protocol, maintaining transparency and decentralization.

Immutable has announced that IMX staking will migrate to Immutable zkEVM starting June 19. As part of this transition, staking on the existing Immutable X platform will be discontinued on the same day.

Refer to the official tweet by IMX:

IMX Info

Immutable X is the first layer two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability and zero gas fees for minting and trading, all without compromising user or asset security.

Immutable X utilizes Zero-Knowledge Rollups technology to process transactions off the main Ethereum network, increasing throughput and reducing gas costs. This technology enables the creation, trading, and transaction of NFTs on a much larger scale than is possible on Layer 1 Ethereum.

The IMX token is the native ERC20 utility token of the Immutable X protocol, which users can earn by conducting pro-network activities such as trading, and which can be used to pay fees, perform governance or stake on the protocol.

Kadena will attend EthCC — Ethereum Community Conference in Cannes, France, from 30 June to 3 July.

The company will be represented by chief executive officer Stuart Popejoy.

Refer to the official tweet by KDA:

KDA Info

Kadena is a public blockchain platform that provides a secure, scalable, and user-friendly environment for developing and launching distributed applications (dApps).

One of the unique features of Kadena is its utilization of a new form of Proof-of-Work (PoW) in its consensus protocol. This protocol, called "Chainweb," is designed to achieve high throughput and scalability while maintaining security and decentralization.

The Kadena token (KDA) is a digital currency that is used to pay for computation on the Kadena public chain. Similar to ETH on Ethereum, KDA on Kadena is the token in which miners are compensated for mining blocks on the network and is the transaction fee that users pay in order to have their transactions included in a block.

Tezos is set to showcase its vibrant digital art community during Art Basel week, June 16–22, in Basel, Switzerland. As part of the Digital Art Mile, the “Paintboxed Tezos World Tour” exhibition will be held at Space 25, featuring renowned artists such as Coldie, Ivona Tau, Grant Yun, Hackatao, and others.

Refer to the official tweet by XTZ:

XTZ Info

Tezos is a distinctive blockchain platform architected to facilitate and govern decentralized applications (dApps) and smart contracts. Its foundation is built on a decentralized governance system that enables blockchain modifications through a community-led decision-making process.

Operating on a unique iteration of Proof of Stake (PoS) mechanism known as Liquid Proof of Stake (LPoS), Tezos allows participants owning more than 6,000 Tez (XTZ) to become delegates, or “bakers”. These bakers are responsible for creating, signing, and publishing new blocks on the Tezos blockchain, and endorsing blocks produced by other bakers. Furthermore, the network utilizes the Michelson programming language for the creation of smart contracts, which engage with the network’s cryptocurrency, Tez, for transaction execution and gas payment.

The native token of Tezos, XTZ, or Tez, plays a multifaceted role within the ecosystem. It serves as a reward for participation in the creation and endorsement of new blocks, either directly or through delegation. It functions as a voting mechanism within the decentralized governance system. Additionally, it is a means of value transfer and is used to pay for gas, the unit of computational effort in Tezos, necessary for executing transactions and interacting with smart contracts.