In this recap of the crypto world, let us explore the events and news that had the most significant impact in the past week. Our focus will be on the following developments:
● Jupiter Exchange Burns a Large Quantity of $WEN Coin
● Jupiter Exchange Launches its $JUP Token
● SuperVerse Unveils Ambitious Plans to Forge a Unified Web3 Gaming Network
● Heroes of Mavia Launches for IOS and Android Users
● Andrew Tate’s Crypto Tease
Jupiter Exchange Burns a Large Quantity of $WEN Coin
Jupiter Exchange, a prominent player in the Solana DeFi space, made headlines recently with the introduction of its meme coin, $WEN. The unique aspect of this launch was not only the airdrop to nearly a million Solana wallets but also the subsequent burning of almost 30% of the total $WEN coin supply.
The $WEN airdrop provided an equal share of tokens to all eligible wallet holders. However, after the claim window closed on January 29th, it was revealed that only 60% of eligible wallets had participated. This left a significant portion of the initially allocated 70% supply unclaimed, totaling 271,673,868,955 $WEN tokens.
As such, Jupiter Exchange decided to burn all the remaining unclaimed $WEN tokens, reducing the total supply by almost 30%, verifiable through the transaction. This decision, though met with some controversy, holds strategic implications for the project’s future. It also serves as a testament to Jupiter Exchange’s dedication to the $WEN token’s viability and may well shape the future narrative of this intriguing project within the Solana DeFi ecosystem.
Jupiter Exchange Launches its $JUP Token
Jupiter Exchange has made waves with the recent introduction of its native $JUP token. The long-awaited airdrop, which commenced on January 31st, has been a focal point of discussion within the Solana ecosystem, drawing considerable enthusiasm and anticipation from the Web3 community.
$JUP, with a total supply of 10 billion tokens, set out on its path with a thoughtfully designed distribution plan, showcasing Jupiter Exchange’s strategic dedication to community engagement and the sustainability of the project. This entails:
- 4 billion $JUP for Airdrops (with 1 billion allocated for the 1st airdrop)
- 1 billion $JUP for Community Contributors and Grants
- 2 billion $JUP for Jupiter Team Members
- 2 billion $JUP in a Strategic Reserve
- 1 billion $JUP for Liquidity Provision
The $JUP airdrop claim unfolded on Jupiter’s LFG launchpad, a platform that has already proven to be successful with the release of the $WEN token on Solana. It was a successful launch event that not only allowed hundreds and thousands of users to claim the $JUP token but has also catapulted Jupiter Exchange to new heights. The platform’s trading volume now stands shoulder to shoulder with top DeFi platforms, garnering increased attention and recognition within the crypto space. Read more on this here.
SuperVerse Unveils Ambitious Plans to Forge a Unified Web3 Gaming Network
SuperVerse, a prominent project in the crypto gaming space, has recently announced a strategic shift in focus, emphasizing its commitment to building a unified Web3 gaming network.
The recent announcement not only unveils high-profile partnerships with industry heavyweights such as Polygon, Immutable, Beam, and LayerZero but also teases the prospect of even more thrilling collaborations on the way. These partnerships not only validate SuperVerse’s vision but also bring an array of resources and expertise to the table, enhancing the project’s potential for success.
As stated in the post, this initiative by SuperVerse revolves around three key pillars:
- Innovation – Creating a dedicated blockchain for gaming
- Distribution – SuperVerse’s built-in reach acts as a launchpad for any title integrated into its ecosystem.
- Unification – SuperVerse envisions itself as the unifying force that brings together leading industry projects and a global community of gaming enthusiasts.
As SuperVerse embarks on this strategic redirection, the implications for users are profound. The promise of straightforward access to elite gaming ecosystems, coupled with the backing of a larger and more focused gaming community, sets the stage for an exciting year ahead.
Heroes of Mavia Launches for IOS and Android Users
Heroes of Mavia, a game inspired by two powerhouses in the gaming industry—Axie Infinity and Clash of Clans—has just made its mark with the release of its Free-to-Play (F2P) game for IOS and Android users, as initially revealed on X/Twitter.
Set in the enchanting world of Mavia, Heroes of Mavia invites players to delve into the intricate art of base building and engage in strategic battles. The primary objective is to construct bases on designated lands, facing off against neighboring bases and armies. In the pursuit of victory, players collect valuable in-game resources such as Gold, Oil, and $RUBY—the exclusive in-game token of Mavia.
The game revolves around four core segments that ensure an immersive gaming experience. This includes:
- Defend against enemies
- Command your forces
- Earn resources
- Level up
The game has swiftly garnered over 100K downloads and continues to attract a growing player base. This rapid rise positions the game as a highly anticipated AAA blockchain-based building game, signaling a promising start to the blockchain gaming season.
Andrew Tate’s Crypto Tease
Andrew Tate, a social media icon, and a figure both admired and criticized, has sent ripples through the crypto X/Twitter space with a hint at launching his own cryptocurrency. This unexpected move from someone who was once openly anti-crypto has sparked curiosity, speculation, and a wave of reactions across social media platforms.
This all started with a tweet that caught the attention of his millions of followers, where he posed a thought-provoking question to the crypto degens. The proposition – launching his own coin, backed with $100 million of his personal funds, and extending an exclusive early entry offer to members of University.com, a learning service platform owned by Tate.
What makes this revelation intriguing is Andrew Tate’s history of being openly anti-crypto. As reported by WatcherGuru, in a statement last year, Tate distanced himself from the crypto frenzy, emphasizing that he chose not to exploit his followers like “every other influencer.” Now, this abrupt shift in stance leaves many questioning the motives behind this unexpected foray into the world of crypto.
From the looks of it, there is a high chance that Tate is not launching any crypto. However, he was successfully able to get all of Crypto X/Twitter to do marketing for his platform, for free. Now, while the idea of $TATE or even $TOPG is intriguing, one must acknowledge that Tate was able to play an outstanding marketing move.
