DRF Token Launch: A New Era for Decentralized Ride-Hailing

The Auki Network has recently announced a significant update regarding its third-party custody solution for its token, $AUKI. Emphasizing their commitment to radical transparency and accountability, Auki Network has opted to migrate its digital assets to a new custody provider. Third-party custodians play a crucial role in the blockchain ecosystem by securely holding and managing digital assets on behalf of clients, ensuring the safety of private keys and enhancing overall security. The choice of custody solution is vital for any blockchain project, as it directly impacts asset management and security protocols. The migration process involves transferring tokens to new wallets under the new custody solution and resetting permissions for various operational routines. The previous custody arrangement had some limitations, including the consolidation of all cold wallet $AUKI tokens in a single wallet, which hindered clear on-chain separation between different pools of unvested tokens. Additionally, the previous custodian's internal token movements could have led to perception issues within the community, as any unlisted $AUKI tokens would be considered circulating supply without prior notice. Auki Network's decision to change custodians addresses these concerns and aligns with their goal of implementing best practices in asset management. The new custody solution involves migrating assets to Hex Trust, a centralized custodian, while smart contract administration roles have been assigned to Safe Wallet, a decentralized custodian. This dual approach not only resolves the issues faced with the previous custodian but also enhances visibility and transparency for the community. The new setup provides comprehensive insurance coverage of USD 50 million for all wallets, significantly improving security. As a result, the community can expect more accurate circulating supply data on platforms like CoinGecko, reinforcing Auki Network's commitment to transparency and accountability in their operations.

The IoTeX Network has made significant strides with the launch of its 2.0 upgrade in Q3’24, which aims to provide decentralized infrastructure, public goods, and governance tools for Decentralized Physical Infrastructure Networks (DePIN). This upgrade has led to a notable increase in network activity, with active wallets and transactions rising by 13% and 8% quarter-over-quarter (QoQ), respectively. The introduction of the ioID protocol has been pivotal, transforming hardware devices into on-chain entities with verifiable identities. As of Q3’24, the network is secured by 112 delegates who are actively staking $172 million, marking a 17% increase QoQ, and achieving an average staking participation rate of 41.3%. The IoTeX 2.0 upgrade also features an enhanced tokenomic design that seeks to balance inflationary staking rewards with deflationary token burns, thereby driving the utility of the IOTX token. Throughout Q3’24, IoTeX has integrated with several prominent networks and protocols, including Solana and Polygon, which positions the IoTeX Network as a robust ecosystem for DePIN projects. The middleware solution, W3bstream, is set to launch on the mainnet in Q1’25, further enhancing the network's capabilities by providing verifiability and scalability for DePINs. In addition to the technical advancements, IoTeX has established the Marshall DAO to manage a pool of IOTX tokens dedicated to funding DePIN projects. This community-driven approach allows token holders to propose and vote on initiatives, fostering a collaborative environment for innovation. The DePIN ecosystem on IoTeX has expanded significantly, with over 230 dApps and more than 50 dedicated DePIN projects, solidifying IoTeX's position as a leading player in the decentralized infrastructure space. The future looks promising as the network continues to evolve and attract diverse applications across various sectors, including DeFi and GameFi.

As we look ahead to 2025, the cryptocurrency landscape is poised for significant evolution, particularly with the emergence of blockchains like Solana, SUI, and Bitcoin. Following the FTX crash, many investors have turned their attention back to Solana, which offers a unique advantage over Ethereum by providing faster and cheaper transactions. With only 5% of the global population currently owning cryptocurrency, experts believe we are still in the early stages of this digital revolution. While Bitcoin remains the dominant force in the market, Ethereum's influence is waning, primarily due to its congested layer 2 solutions, which may hinder its performance in the upcoming cycle. Solana is rapidly gaining traction, boasting impressive statistics such as a transaction speed of 1,500 transactions per second (tps) and surpassing Ethereum and Tron in total economic value locked. The upcoming Firedancer update is expected to enhance its capabilities further, potentially reaching 1 million tps. Additionally, the SUI blockchain is emerging as a strong contender in the decentralized physical infrastructure networks (DePIN) space, offering solutions for the Internet of Things. With a focus on real-time, secure interactions among interconnected devices, SUI is attracting developers and projects like Karrier One and Chirp Wireless, which aim to revolutionize wireless access and decentralized telecom. The current narratives in the crypto space include real-world assets, AI, GameFi, and meme coins, with a particular emphasis on DePIN. Bitcoin continues to outperform other asset classes, reinforcing its position as a leading investment choice. As the cryptocurrency market evolves, the belief in Web3 remains steadfast, with many anticipating a bullish trend in the near future. For those still exploring the crypto landscape, the message is clear: the opportunity to invest in transformative technologies is ripe, and the time to act is now.

MetaMask has recently enhanced its functionality through integration with IoTeX, allowing users to perform seamless token transfers across various blockchains. This integration significantly improves interoperability for active traders, enabling over 30 million users to engage across 90 different blockchain environments. However, some users have reported issues with the Snap feature, which can experience sporadic delays, particularly when handling large token volumes. This reliance on multiple network connections may also slow down transactions, leading to frustration among users seeking quicker responses. In the wake of the recent U.S. election results, XRP has seen a notable rally, with its price climbing to $0.5142, marking a 2.19% increase. This surge is largely attributed to optimism surrounding Trump's potential influence on future crypto regulations, particularly regarding the SEC's stance on Ripple. Trump's promises to dismiss SEC Chair Gary Gensler could ease regulatory pressures, benefiting XRP's market position. However, the dependency on political changes introduces volatility, as ongoing legal actions from the SEC could still pose risks for XRP investors. Plus Wallet is making waves in the crypto wallet sector by transforming everyday transactions into earning opportunities. Its innovative features, such as 'Swap to Earn' and 'Refer to Earn', allow users to profit from their trading activities and expand their networks for passive income. This approach not only enhances user engagement but also fosters a supportive community focused on mutual benefits. As crypto enthusiasts increasingly seek wallets that provide rewards alongside basic functionalities, Plus Wallet's commitment to user empowerment positions it as a leading choice in the market.

The PowerPod Ambassador Program is an exciting initiative aimed at promoting a greener, decentralized energy future through the power of Web3 and blockchain technology. As a PowerPod Ambassador, participants will not only represent a product but also become integral members of a community focused on transforming the energy industry. This program offers a unique opportunity to enhance personal branding while engaging with a vibrant community dedicated to sustainable energy and the adoption of blockchain solutions. Ambassadors will be tasked with spreading the word about PowerPod's mission across various social platforms, including Twitter and Telegram. They will educate their communities on the benefits of decentralized energy and PowerPod's innovative role in the Web3 revolution. Additionally, ambassadors are encouraged to create engaging content, such as tweets, blogs, videos, and graphics, to make complex topics more accessible and exciting for the audience. By participating in discussions related to sustainability and blockchain, ambassadors can make a significant impact within the PowerPod ecosystem. Participants in the program will enjoy numerous benefits, including exclusive Discord roles that highlight their achievements, networking opportunities with like-minded individuals, and access to resources that support their growth as ambassadors. Furthermore, they will be recognized for their contributions through ambassador spotlights and rewards in the form of $PT tokens. This program not only allows ambassadors to earn tokens but also empowers them to contribute to a meaningful movement towards sustainable, decentralized energy solutions powered by blockchain technology. The PowerPod Ambassador Program is an invitation to make a real difference in the world of energy and sustainability.

On November 8, the price of GRASS, the native token of the Solana-based Decentralized Physical Infrastructure Networks (DePIN) project, reached an all-time high of $3.95. However, following a decline in bullish sentiment and an increase in profit-taking activities, the token's price has since dropped by 27%. As of now, GRASS trades at $2.78, reflecting a 13% decline over the past 24 hours. Analysis of the GRASS/USD 4-hour chart indicates a significant uptick in selling pressure, with the Relative Strength Index (RSI) showing that more traders are selling than buying the token, currently sitting at a downward trend of 44.80. The RSI is a key indicator that measures an asset's market conditions, with values above 70 indicating overbought conditions and below 30 suggesting oversold conditions. The current RSI reading of 44.80 implies that selling pressure is intensifying, as token holders are increasingly cashing in on their profits. Additionally, the Chaikin Money Flow (CMF), which assesses the flow of money into and out of an asset, is below zero at -0.04, further confirming the bearish outlook. A negative CMF indicates that sellers are dominating the market, adding to the concerns surrounding GRASS's price stability. Despite the recent price decline, futures traders appear optimistic about a potential rebound. The funding rate for GRASS has remained positive since November 8, currently at 0.025%. This suggests that there is a greater demand for long positions, indicating that traders are still betting on a price recovery. However, if the selling pressure continues, GRASS may break below its current support level of $2.65 and potentially seek support at $2.26. If the bearish trend persists, the price could fall to $1.86. Conversely, a positive shift in market sentiment could see GRASS rally past the resistance at $3.22, aiming to reclaim its previous all-time high of $3.95.