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Learn to be smart money and pay attention to these potential projects that will issue tokens in the second quarter in advance

2024-04-07 16:40

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Original source: The DeFi Investor

Original translation: TechFlow

Here is my focus list for upcoming tokens in Q2:

@LayerZero_Labs

@eigenlayer

@tfm_com

@1intro

@EclipseFND

@NATIXNetwork

@DriftProtocol

@IntentX_

@zksync

@AureliusFi

@swellnetworkio

@tensor_hq

@symm_io

@Parcl

In the infographic below, you can find a short description of the projects in this list.

Historically, during bull runs, new tokens have performed much better than older ones. $ALT, $JUP, $FLT, and $ENA are just a few examples of tokens that have recently launched and performed well.

That’s why I think it’s worth keeping an eye on upcoming tokens.

Here’s what you need to know about some of the top projects I mentioned above:

LayerZero Labs

LayerZero is without a doubt the most popular cross-chain interoperability protocol.

A year after raising $120 million at a whopping $3 billion valuation, the protocol is finally preparing to launch its token.

As confirmed by its team in December 23, the launch of LayerZero tokens will take place in the first half of 2024.

Considering the huge valuation of Wormhole tokens, one of LayerZero's biggest competitors, I expect the valuation of LayerZero tokens to exceed $20 billion at launch.

TFM

TFM is an all-in-one terminal for the Cosmos ecosystem.

It is basically a super aggregator on Cosmos with 4 real-time professional trading products:

· Pro Trade: DEX aggregator

· IBC Swap: One-click cross-chain swap solution

· NFT aggregator

· Limit order

$TFM token is scheduled to launch in April. According to its team, $TFM will implement a revenue sharing model.

EigenLayer

Eigenlayer is a very successful restaking protocol that has attracted more than $11 billion in TVL in less than a year.

The Eigenlayer mainnet has been confirmed to be launched in the coming weeks.

This will be a good time to release the token, and according to insiders, the Eigenlayer team does plan to release the token in the second quarter.

But the release date of $EIGEN has not been officially announced.

1intro

1intro is an advanced DEX and liquidity bootstrap platform launched by Solana, which will be Solana's first (LBP) liquidity bootstrap platform.

LBP is a mechanism designed for fair token distribution and price discovery.

By using LBP, new projects can raise funds and sell tokens at a fair price determined by demand.

Since 1intro is building a DEX and LBP, its goal is to become an all-in-one platform for Solana.

Its token launch event is expected to take place sometime in the coming weeks.

Eclipse

Eclipse is Ethereum’s first L2 powered by the Solana Virtual Machine.

The project recently raised $50 million in funding from investors including Polychain Capital and Delphi Ventures.

Eclipse aims to offer the best of both worlds: the high security of Ethereum combined with the high scalability of Solana.

L2 is expected to launch on mainnet in early 2024, with its token generation event likely to occur soon after.

NATIX Network

Natix is described as the first AI-powered dynamic map enhanced by DePIN.

In short, the project encourages users to map their surroundings. The data collected will then be used in smart city and mobile applications.

To collect this data, NATIX implemented a "drive to earn" model. To get rewards, you just need to download its app and keep it in detection mode while driving.

So far, the project community has accumulated more than 10 million kilometers of driving mileage.

Natix tokens are scheduled to be launched in the second quarter of 2024.

SYMMIO

SYMMIO is building new trading tools that support leveraged trading of any asset.

It uses an intent-centric design that allows builders and market makers to issue on-chain derivatives with deep liquidity.

It is a bit complicated to explain how it works behind the scenes. But in short, for every PartyA that requests a transaction, there will be a PartyB Responses are made, and both parties provide collateral to execute the trade.

Due to its design, SYMMIO can support hundreds of trading pairs.

SYMMIO does not operate its own frontend. However, many projects have built frontends on top of SYMMIO, including:

· IntentX

· THENA

· basedmarkets

SYMMIO's token launch will likely take place in Q2.

zkSync

zkSync needs no introduction as it is one of the top Ethereum L2s.

The zkSync founder recently said: “The network must be decentralized; it must belong to its community. Now is the time to really do that.”

This makes me think that the launch of the zkSync token is very close.

IntentX

IntentX is the largest OTC decentralized perpetual exchange built on SYMMIO.

The protocol supports over 260 trading pairs with deep liquidity and currently has an average trading volume of $15 million per day.

Its token launch event has been confirmed to take place immediately after IntentX is deployed on Mantle.

Interestingly, IntentX will be the first project to support Ethena’s $USDe stablecoin as collateral for opening trades on Mantle.

IntentX’s multi-chain deployment on Mantle could happen in the coming weeks.

io.net

Ionet is a decentralized cloud computing service built on Solana, with the goal of giving AI engineers access to distributed cloud clusters at a fraction of the cost of comparable centralized services.

With Ionet, you can rent out GPUs, or get computing power at a low cost.

The project recently announced partnerships with industry heavyweights like Render Network and Filecoin.

Its token launch event will take place on April 28.