Attention to 1inch Coin and Those 8 Cryptos: There Are Hot Developments!

The cryptocurrency ecosystem is having an eventful day on June 12 with exciting announcements from various projects like 1inch coin. From events offering rewards for beginners to airdrops and transitions to testnets, here are some valuable developments…

Latest developments from 1inch Coin and those cryptos

Summer event from Merlin Chain

Merlin Chain, Bitcoin’s L2 network, officially launched the Merlin Onchain Summer event on June 12, together with ecological projects such as UniCross, Avalon Finance and Solv Protocol. The event, which includes ecosystem asset rewards worth up to 3 million MERL tokens and millions of dollars, offers users the opportunity to experience the core dApps of the Merlin Chain ecosystem through on-chain interactions covering DeFi, lending, infrastructure, social and other areas. This activity was launched simultaneously with the MERL ecological incentive plan, which was launched to further encourage the development of Merlin’s local practices and accelerate the expansion of the ecosystem.

IoTeX Network3 released iOS application

Network3, the AI ​​Layer2 project of the IoTeX ecosystem, launched its iOS application on June 12, after previously being available on platforms such as Windows, macOS, Android and Linux. Users will be able to earn $N3 rewards by running Network3 nodes based on device compatibility. Network3 aims to help global AI developers implement large-scale reasoning, training or validation models efficiently, conveniently and economically. It currently has more than 200,000 nodes covering 181 countries or regions worldwide.

Aethir launches seasonal airdrop and introduces innovative staking options

Decentralized GPU cloud infrastructure Aethir opened the Aethir Cloud Drop (Season 1) airdrop request on June 12 at 17:00. During this period, a total of 630 million ATH (1.5%) will be awarded to Controller Node owners and Aethir OG, as well as all other Web3 communities participating in the Aethir Cloud Drop. Aethir airdrop activity will last for three periods and 6% of the ATH supply is reserved for airdrop rewards.

ZeroLend connected to OKX Web3 wallet

ZeroLend was connected to the OKX Web3 wallet on June 12. Users will be able to earn income by lending, staking, and more on ZeroLend through the OKX Web3 wallet. ZeroLend is a lending protocol on zkSync and also powers networks such as Manta Network, Blast, Linea and Ethereum. Its ecosystem includes DeFi lending, ONEZ stablecoin, ZERO governance token, underlying for real-world assets, account abstraction, and a confidentiality layer using zkStack.

OmniZK development network moves to testnet

LeverFi announced on social media platforms on June 12 that the OmniZK development network will be upgraded to a testnet on June 18, 2024.

1inch community requests funding for Crowdsourcing and Beta testing platform

According to the Sapshot administration page, the 1inch coin community launched a proposal to “crowd sourcing and launch a beta testing platform” on June 12. This proposal is committed to launching a platform called beta.1inch.io designed to test Web3 projects and aims to ensure the quality of the project and the growth of the prowess of the participants and reward their work. The xcrwd.io team is seeking $150,000 in funding for development, community manager work, and a closed loop of the project’s requirements. A portion of the requested funds will be used to reward platform affiliates.

Taiko Trailblazers launches incentive event

Taiko, the Ethereum-based zkRollup L2 network, officially launched its Trailblazers incentive event on June 12, with rewards of up to 12 million TAIKO in the first period. Of these, 10 million TAIKO will be allocated to users and 2 million TAIKO to dApps on Taiko for 3 months. Taiko allows users to determine the transition between ETH and ERC-20 tokens carried out on the chain, process volume, number of processes, etc. He said they can collect XP based on For ecosystem partners, there will be independent active wallets, different rankings that will track activities such as total process volume, Gas used and TVL.

There are developments about SUSHI and RDNT

Sushi released further instructions regarding the promotion of Sushi Labs on June 12. According to the instructions, Sushi DAO is still in operation. The protocol is still decentralized and permissionless. Additionally, revenue is still allocated to Sushi Bar. Radiant Capital released a statement on June 12 stating that all subgraphs have been updated to The Graph’s decentralized network and Sunrise will be completed tomorrow.