Weekly Project Update: Binance issued LUNC tax burning mechanism, APE staking was delayed and Top Projects’ weekly summary (0919–0925)
Editor: Colin Wu
1. Binance issued an update on LUNC tax burning mechanism Link
On September 23, CZ released Binance’s new mechanism for LUNC tax burning. In response to community calls, a multi-stage advance mechanism will be adopted for LUNC tax burning. Step 1. They will implement an opt-in button, for people to opt-in to pay a 1.2% tax for their LUNC trading. Step 2. When the opt-in accounts reach a holding of 25% of the total LUNC held on Binance, we start to charge 1.2% tax for all opt-in traders when they trade LUNC. Step 3. When the opt-in traders reach 50% of the total LUNC trading volume on Binance, they will roll out the 1.2% trading tax for all LUNC trading.
2. MakerDAO’s proposal to add GNO tokens as collateral was voted through Link
News：On 19 September, the MakerDAO community voted in favour of a proposal to add GnosisDAO (GNO) tokens as new collateral. By the close of voting, participants in favor of the proposal had voted a total of nearly 70,000 Maker (MKR) tokens, amounting to 77% support.
Comments：Some community members point out that since Gnosis Chain is the only Chain in the top 20 that uses DAI as its main stablecoin, then sside from the obvious synergies, this is also a strong business case to make.
3. Helium has signed an agreement with T-Mobile and plans to launch Helium Mobile
On September 21, Nova Labs, the developer of the decentralized wireless communications network Helium, announced a 5-year Mobile virtual network operator agreement with telecom giant T-Mobile. Nova Labs will be able to use T-Mobile’s national network to provide network coverage for Helium Mobile customers in places where the Helium 5G network does not exist. Nova Labs also plans to launch Helium Mobile, which will let users earn encryption rewards when using the networkLink
On September 22, Helium’s HIP-70 proposal about migrating its Token and governance onto the Solana chain passed with 81.41% yes votes. Link
4. Curve community initiated a vote to provide incentives for CRV/yCRV liquidity pools Link
On September 23, the Curve community started a vote to offer incentives to the CRV/yCRV liquidity pool. yCRV is the DAI, USDC, TUSD, USDT liquidity pools’ LP token on Yearn. Until 9.24, the proposal currently has 100% support.
5. StateMind — MEV-Boost relay allowlist Security Audit ReportLink
On September 22, on-chain security auditing firm Statemind published the results of an in-depth audit of the MEV-Boost node license list of Lido. Statemind audited Lido prior to the Ethereum merger, and Statemind did not identify any critical, high, or moderate priority vulnerabilities. Seven informational errors were reported to the Lido team, involving minor, easily fixed vulnerabilities that did not pose a material threat.
6. SupraOracles Releases Roadmap to Mainnet While Starting 550+ Signed Web3 Project Integrations Link
News：SupraOracles announced its novel cross-chain oracle infrastructure enabling highly accurate, robust data porting across a multitude of blockchains and DLTs with only 3–5 second finality. With over 550+ signed integration partners, they plan to launch their Alpha testnet as progress towards mainnet in early 2023.
To jumpstart momentum, Supra has partnered with Dorahacks, the host of BNB Grants and BNB Global Hackathons, by sponsoring and providing its oracle service to over 4,000–5,000 developers worldwide.
Comments：In July, 2021, the SupraOracles team was selected to be a part of “Mastercard Start Path” blockchain program.
7. Cosmos’s appchain Stargaze has launched NFT publishing platform Stargaze Studio Link
On September 24, Cosmos’s NFT app chain Stargaze launched Stargaze Studio, a low-code NFT distribution platform developed by DEUS LABS, where creators can launch NFT collections without writing a single line of code.
8. APE staking programm system was delayed to October 31, and the trading volume of MAYC and BAYC increased significantly this week Link
News：On September 22, Horzien Labs announced on Twitter that the current tentative launch date is Oct. 31, but it could be brought forward or delayed by another week or so, when a timely announcement will be made. Horizon Labs previously released progress information on the development of the system and proposed four liquidity pools: ApeCoin Pool, Bored Ape (BAYC) Pool, Mutant (MAYC) Pool and Paired (BAKC) Pool.
On September 21, OpenSea showed that the turnover of MAYC in last 24 hours was 788ETH, increased by 235%, ranking the first in OpenSea. The BAYC has recorded 614ETH transactions in the last 24 hours, a 52% increase in volume, and ranks second in OpenSea.
Comments：The community’s comments on the postponement are mixed. Some members pointed out that October 31 is exactly the first anniversary of the first APE Fest, which is very ceremonious. While some members said the reason for the delay was not sufficient, so maybe Yuga just wanted to change a better time to pull and rug.
9. Softstar enters The Sandbox metaverse Link
On September 21, Softstar Entertainment Inc. (Softstar), an iconic Taiwanese brand of classic PC games, is partnering with The Sandbox. Softstar will purchase a parcel of virtual lands in the metaverse to build the Softstar MetaPark, where a myriad of stories — both traditional and futuristic — will be introduced to the web 3.0 ecosystem.
10. Dogechain Launches Doge Name Service (DNS) and weekly summary Link
On September 20, DogeChain announced the launch of Doge Name Service (DNS), a domain Name Service that allows users to register domain names that end in. Doge and use unconventional characters such as custom text fields, avatars, and URLs.
On September 24, cryptocurrency analyst Ali Martinez tweeted that IntoTheBlock data showed a 5.13% increase in the number of addresses holding 100 million to 1 billion dogecoins (DOGE) in the past week. Six new whale addresses to buy 620 million DOGE, valued at $37.6 million.
On September 23, Vitalik attended the Mainnet Summit hosted by cryptocurrency analytics firm Messari, and made a strong plea that others, including Dogecoin and privacy coin Zcash, should follow Ethereum in moving to PoS. The price of Dogecoin rose more than 10% over the next 24 hours.
On September 18, CMC data showed that dogecoin DOGE had surpassed Poka DOT to become the 10th largest cryptocurrency by market capitalization.
11. FIFA+ NFT marketplace launches Link
On September 23, FIFA+, the NFT marketplace launched by FIFA went public. The platform was developed based on the Algorand chain, and the first NFT series on the platform was “FIFA+ Genesis Drop”, which released the 100 Greatest moments in football history in the form of NFTS. Officially, the secondary market will be launched soon.