New projects are being planned to enter the crypto space, with Token Issuance Events (TGE) being pivotal moments for any nascent blockchain project.
During a TGE, a cryptocurrency project will create and distribute its Tokens to investors, users, or the general public. This is a big step in launching a new Token, which usually takes place after the project has raised capital and developed the product.
TGE should pay attention this week
After a TGE, the Tokens become available for trading or use within the project’s ecosystem. A successful TGE can bring attention and liquidity to a crypto project, laying the foundation for its growth.
For investors, this is an opportunity to own Tokens early. In many cases, these Tokens are sold at lower prices, with the expectation that their value will increase as the project develops. Below are the projects with TGE this week.
Bitfinity (BTF)
Bitfinity is a Layer-2 Bitcoin scaling network built on the Internet Computer Protocol (ICP) with the Ethereum virtual machine (EVM). After participating in a private fundraising round and raising 7 million USD, the project promoted a public Token offering through a launch pool. In its last fundraising round, the project raised $130 million with support from Polychain Capital, ParaFi Capital, and others.
“The numbers show that Bitfinity has the potential to change the Bitcoin landscape in Layer 2,” Lunar Strategy said.
The Token Release (TGE) and mainnet launch event is scheduled to take place on November 19 at 10 am. The event is also a celebration of surpassing the 32 million transaction mark on its testnet. This achievement is the result of the tireless dedication of the developers on this platform. Bitfinity’s BTF token will be listed on the Gate.io exchange.
Zyfi (ZFI)
Zyfi is a paid software service that is easy to integrate. With a funding fund of up to 2 million USD after being valued at 20 million USD in the previous round, the project is also expected to hold a TGE on November 19, the specific time and trading floor will be announced later. The project partners with PancakeSwap for the ZFI Token launch.
“We are excited to partner with PancakeSwap, our long-time partner, to provide liquidity for the ZFI Token,” Zyfi share.
According to the announcement, expected benefits from this partnership will include a ZFI-ETH yield model with CAKE incentives and two Syrup Pools for CAKE and ZFI holders with rewards up to 30,000 USD. This partnership also makes it easier to access ZFI Tokens on decentralized exchanges.
MicroGPT (MICRO)
It is an artificial intelligence platform that provides developers with AI-based tools and is committed to improving development efficiency. As an advanced AI platform, MicroGPT is designed to streamline and democratize software development for every level of developer.
It is unclear how much the project has raised, but a TGE is scheduled for November 20 at 7pm, and the MICRO Token will be listed on Gate.io and MEXC exchanges. The valuation for the previous round was $3.5 million.
“Get ready to drive the future of coding with MicroGPT’s powerful toolset: real-time code suggestions, IDE integrations for seamless workflows, mobile apps, Chrome extensions and more ,” MicroGPT share.
Ponder (PNDR)
Ponder is an AI-based comparison engine for every web3 trend. It builds a solution that provides a fully integrated comparison engine for crypto-based operations, driven by AI and EigenLayer.
The project raised $1.1 million in private fundraising after being valued at $10 million in the previous round. The listed exchange is KuCoin, and its TGE will take place on November 20 with a Token price of 0.10 USD.
However, before TGE, the project will hold a non-refundable Token sale on November 19 at 08:00 UTC. Claims will be open starting November 20.
“Key Benefits: Pioneer in re-staking on EigenLayer, Tier 1 Funds accepted, Analyze and execute trading options according to your preferences. Undertake Community Engagement Initiatives, Tier 1 Fund Accepted,” Ponder detail.
MemeFi (MEMEFI)
This is a web3 game that combines PvP and PvE gameplay. The total amount of private funding has not yet been announced, but the project reached a valuation of $125 million in a previous round. Exchanges listed include OKX, Bitget, Bybit, and Gate.io, with TGE scheduled for November 22 at 1 p.m.
“Spot MEMEFI/USDT trading starts at 1:00 pm November 22 (UTC),” OKX Notification.
Meanwhile, deposits and withdrawals will be available via the Sui (SUI) network for listed on Bybit by MEMEFI.
While the TGEs of these projects provide good entry points and introduce liquidity to the market, investors need to conduct their own research. As reported by TinTucBitcoin, important considerations when evaluating a TGE range from the project’s tokenomics to its compliance and legal position. Other factors to consider include the blockchain it runs on and the timing and market conditions in TGE.