Today, critical developments were announced for various popular altcoin projects such as Helium (HNT), Lido, BOUNCE, Polkadot. Following the developments, Helium (HNT) in particular took flight. Here are the details…
Lido community will make an important decision
On December 6, the Lido community announced a groundbreaking proposal for the wstETH token that aims to integrate xERC20 (cross-chain token standard). If approved by the DAO, this proposal could represent a significant breakthrough for Lido by enabling cross-chain compatibility and expanding the usage area of wstETH. The proposal suggests that Lido DAO consider adopting xERC20, a cross-chain standard outlined in EIP 72816. The primary goal is to leverage this standard for wstETH and allow Lido to collaborate with various cross-chain bridges. The proposal highlights the importance of community discussion to improve the standard and create a transparent implementation process, including whitelisting certain hyperlinks.
Ronin-based launchpad goes live
On the same day, Impossible Finance, a leading DeFi protocol, made waves by announcing the deployment of Launchpad on the Ronin network. Additionally, the platform also announced plans to publish Web3 game project assets. Specifically, users participating in Launchpad offerings may be required to pledge tokens such as RON, AXS, and IDIA for distribution.
Welcome to the Ronin movement, @impossiblefi!
Impossible Finance is a research firm with a DeFi launchpad and accelerator.
Here’s how they’ll help builders on Ronin 👇
📜 | https://t.co/qeec71cTR2 pic.twitter.com/3r5Mj275AM
— Ronin (@Ronin_Network) December 6, 2023
Bounce undergoes rebranding
Also on December 6, decentralized auction platform Bounce Finance rebranded as Bounce Brand. The upgraded brand encompasses products such as Bounce Bit (a Bitcoin-based app chain), Bounce Box (exploring BTC DeFi), and Bounce Auction, positioning itself as a comprehensive solution in the decentralized finance space.
Introducing the new era of Bounce — now Bounce Brand!
🌐Explore Bounce Bit, our BTC-based app chain.
👁🗨Dive into BTC DeFi with Bounce Box, your all-in-one defi dream box.
👾Experience Bounce Auction, where auctions meet innovation around BTC. $BTC $AUCTION #Bitcoin… pic.twitter.com/86PT33kqFe
— Bounce Brand (@bounce_finance) December 6, 2023
Polkadot conducts governance voting
Polkadot’s governance ecosystem witnessed a significant evolution with the approval of Proposition 231 on December 6. This proposal advocates the use of the fixed investment function of the Polkadot ecological trading platform HydraDX. The aim is to accumulate funds to pay salaries to Technical Fellowship members by regularly exchanging a portion of the DOT received from the treasury for USDT.
HNT launches game-changing plan
Decentralized communications network Helium, which recently migrated to the Solana network, has introduced a nationwide 5G network. The project also attracted attention in the United States by announcing an ambitious plan. Subscribers can access unlimited internet, messaging and voice services for just $20 a month. Helium’s decentralized approach includes mini cell towers that aim to eliminate “internet-free zones” for individuals and communities.
The announcement of Helium’s new plans had a profound impact on the native cryptocurrency HNT. Following the news, HNT experienced a significant increase of 85%, rising from $2,688 to $4,996. This increase adds to the recent impressive performance of HNT, which has nearly quadrupled in value over the last 40 days. Helium’s innovative solutions and nationwide 5G network powered by the Solana Blockchain position HNT as a key player in the evolving landscape of decentralized communications networks.
