Tag: Token

Pyth Network launches PYTH reserve to sustain network value through token purchases

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Key Takeaways The PYTH Network introduced PYTH Reserve to use protocol revenue for monthly PYTH token purchases, directly tying product adoption to network value. PYTH Reserve resources scale with revenue and are governed by structured reviews and decentralized treasury operations. Share this article Pyth Network, a provider of real-time financial market data for blockchains and smart contracts, has launched a strategic reserve to accumulate PYTH tokens using protocol-generated revenue. The system, managed by the PYTH DAO Treasury, aims to allocate a portion of its revenue to acquiring tokens on the…

Bhutan Announces TER, a Sovereign Gold-Backed Crypto Token

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Gelephu Mindfulness City (GMC), a special administrative zone of Bhutan, announced on Wednesday that it is launching a sovereign gold-backed digital token called TER.  The physical gold deposits will be custodied by DK Bank, a digital asset bank regulated by the government of Bhutan, and issued on the Solana Blockchain network, according to GMC’s announcement. Matrixdock, a real-world asset tokenization (RWA) platform, is the technology partner responsible for tokenizing the real-world asset on the blockchain. An overview of the tokenized commodities sector, which is dominated by tokenized gold products. Source:…

ASIC Eases Stablecoin And Wrapped Token Rules

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Australia’s securities regulator has finalized exemptions that will make it easier for businesses to distribute stablecoins and wrapped tokens. The Australian Securities and Investments Commission (ASIC) announced the new measures on Tuesday, aimed at fostering innovation and growth in the digital assets and payment sectors.  It stated that it was “granting class relief” for intermediaries engaging in the secondary distribution of certain stablecoins and wrapped tokens. This means that companies no longer need separate, and often expensive, licenses to act as intermediaries in these markets, and they can now use…

Pudgy Penguins token PENGU launches on BNB Chain for trading

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Key Takeaways Pudgy Penguins has launched the PENGU token on BNB Chain for trading. PENGU’s BNB Chain launch reflects a strategy to reach broader Web3 users and boost utility. Share this article Pudgy Penguins’ native token, PENGU, has expanded to BNB Chain as part of the NFT brand’s growing push into the broader Web3 ecosystem. The token is now live and available for trading on the network, offering users access to lower-cost, high-speed transactions compared to Ethereum. Source link

MANTRA initiates OM token migration in anticipation of network upgrade

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Key Takeaways MANTRA has initiated the migration of its OM token from the Osmosis network to its mainnet. Token holders must complete the migration to receive full benefits from a planned 4-to-1 token split during the mid-January network upgrade. Share this article MANTRA has begun migrating its OM token off the Osmosis network as the project prepares for a planned network upgrade expected in mid-January. Users must transfer their OM tokens to the MANTRA mainnet to receive full credit for an upcoming 4-to-1 split, according to the project’s announcement today.…

Octra announces $20M public token sale on Sonar at $200M valuation

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Key Takeaways Octra is launching a $20 million public token sale through the Sonar platform. The token sale represents a 10% allocation at a $200 million company valuation. Share this article Octra Labs, the team behind the privacy-focused blockchain project Octra, announced a $20 million public token sale on Sonar, according to The Block. The one-week event will offer 10% of the OCT token supply at a fully diluted valuation (FDV) of $200 million. The sale will follow a fixed-price, commitment-style format inspired by Ethereum’s 2014 ICO, allowing unlimited participation…

StableChain Mainnet Launches with Foundation and STABLE Token

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Tether-backed Stable protocol has launched its USDT-powered blockchain, StableChain, alongside a new governance foundation and a native token.  According to the protocol, the new layer-1 network is designed for stablecoin transactions and relies on Tether’s USDt (USDT) for gas fees payments, removing the need for volatile assets to process payments. Alongside the mainnet debut, Stable introduced the Stable Foundation and the STABLE governance token on Monday, separating network security from payment flows settled in USDT. The rollout follows a pre-deposit campaign that drew more than $2 billion from over 24,000…

GoPlus Security generates $4.7M in revenue with GPS token utility

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Key Takeaways GoPlus Security generated $4.7 million in revenue using its GPS token utility. The GPS token is used for network gas fees, staking, and governance within the GoPlus ecosystem. Share this article GoPlus Security, a Web3 security infrastructure provider, generated $4.7 million in revenue through its GPS token utility model as of October 2025, per CoinDesk. The protocol’s revenue stems from multiple integrated services that leverage the GPS token for various network functions. The GPS token powers the GoPlus ecosystem by enabling network gas fee payments, staking, and governance…

Solana Mobile Says Token for Seeker Phone Coming in January

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Solana is set to roll out the awaited native token tied to its latest mobile phone model, Seeker, at the start of 2026, which is set to be the governance token of the company’s mobile ecosystem. Solana Mobile said in an X post on Wednesday that the “SKR” token will have a total supply of 10 billion tokens, with 30% allocated for airdrops and 25% put aside for growth and partnerships. An additional 10% of the token’s supply will be for liquidity, 10% for a community treasury, 15% for Solana…

Solana Mobile plans to launch SKR token in January 2026

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Key Takeaways Solana Mobile expects to launch the SKR token in January 2026 as part of its crypto-native smartphone ecosystem. The SKR token will be used for staking with entities called Guardians, who will enforce security and community standards for devices. Share this article Solana Mobile plans to launch its SKR token in January 2026, designed to power staking, device security, and dApp curation across its crypto-native smartphone ecosystem. The token will enable users to stake to entities called Guardians, who will handle device verification and enforce community standards within…