New Cryptocurrencies Launch, Listing and Pre-Sale Today – Scallop, Alvara Protocol, BST Chain

adminMarch 9, 2024

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The recent market surge and the bullish outlook for the upcoming Bitcoin halving have resulted in significant gains for smart investors. Additionally, there has been a notable rise in the altcoin market, especially in areas such as AI, gaming, and meme coins. As a result, investors are actively looking for coins in the sector to capitalize on the expected upside.

furthermore, New tokens and pre-sale It is attracting the attention of investors by offering promising growth prospects. This analysis looks at the utility, performance indicators, and important developments in the coin market.

New cryptocurrency launches, listings and pre-sales today

Bitcoin Minetrix’s Phase 30 presale attracted more than $11.9 million, reflecting the growing adoption of the cryptocurrency. In the general market Bitcoin has surpassed $70,000.; MicroStrategy opted for a $700 million debt offering to sustain its excessive purchases.

1. Scallops (SCA)

Scallop is creating the next-generation p2p money market for the Sui ecosystem. Along with this, the project aims to transform the DeFi space through innovation. Notably, it became the first DeFi protocol to receive an official grant from the Sui Foundation.

Tokenomics is essential for investment, and Scallop’s tokenomics is solid. The project is well positioned for growth with a market capitalization of $30 million (FDV) and an initial market capitalization (IMC) of $4.5 million. Meanwhile, the Token Generation Event (TGE) is imminent, raising expectations for the project.

SCA price chart

Additionally, Scallop Token ($SCA) will serve as a core utility token within the ecosystem, facilitating decentralized exchange and interaction between participants. These are distributed as incentives to users to increase active participation and contributions to the platform.

Meanwhile, SCA’s distribution is well-balanced with allocations to liquidity mining, core contributors, development and operations, and advisory. It also includes strategic investors and partners, ecosystem growth, liquidity and treasury to ensure a diverse and sustainable ecosystem.

💧Step 3 – First reward distribution!💧
✨Scallop’s first staking event has begun!
Staking is simple $SCA For veSCA, receive daily $SCA compensation!
🎁Reward Pool: 2,250,000 $SCA
⏳15 days
your $SCA Now👇https://t.co/s4TvUYfpPF pic.twitter.com/xAw9ryoIJO
— Scallop (@Scallop_io) March 9, 2024

Moreover, $SCA has already been listed on popular exchanges such as ByBit, Kucoin, MEXC, Gate, BingX and LBank, improving market accessibility and liquidity. Likewise, the launch of SCA was kicked off with a massive staking campaign where users could stake tokens for veSCA and earn additional $SCA rewards every day. The staking campaign will run for 15 days from March 8th to March 22nd and the total reward pool will be 2,250,000 $SCA.

Meanwhile, Scallop is expanding its influence through an official partnership with Ondo Finance. Through this collaboration, Ondo Finance’s RWA $USDY, a high-yield stablecoin, will be integrated into the Scallop protocol. This partnership expands the usability and diversity of the Scallop ecosystem, providing users with access to a broader range of financial products.

2. Alvara Protocol (ALVA)

As the cryptocurrency market grows, the Alvara protocol introduces ERC-7621, the investment-specific Basket Token Standard (BTS). This innovative protocol uses BTS Factory to enable individuals to create and manage tokenized multi-asset funds.

Utilizing ERC-7621 technology, the Alvara protocol facilitates the distribution of decentralized and tokenized investment pools. This provides a meritocratic environment where individuals can become fund managers. Therefore, the more donations the fund attracts from other investors, the higher the management fee the fund manager receives.

One of the hallmarks of the Alvara protocol is its transparent and democratic governance structure. The protocol operates as a decentralized application (dApp), allowing users to propose and vote on changes within the fund management framework.

ALVA price chart

Additionally, ALVA, Alvara’s native token, plays a pivotal role in the ecosystem. ALVA, an ERC-20 utility token, grants users access to governance features, rewards, and a software portal. Moreover, ALVA is included in every BTS issued on the platform, putting deflationary pressure on the token supply.

This inclusion mechanism, where ALVA is purchased in the market, intensifies the buying pressure for each new BTS creation, increasing the market price of ALVA. ALVA token distribution follows specific parameters specified in the smart contract. The maximum total supply is limited to 200 million tokens.

we are #Earnestly The platform is fully live on testnet until April 4th! 🥳
It will be released in the coming weeks with any necessary fixes based on usage, testing, and feedback from the community. pic.twitter.com/RkPULr276S
— Alvara (@AlvaraProtocol) March 3, 2024

The token’s utility extends to three important use cases within the Alvara protocol: This includes access to voting rights, staking rewards, and inclusion in all BTS issued on the platform.

The Alvara Protocol introduces a groundbreaking approach to tokenized investment funds. This improves transparency, meritocracy and democratic governance. On this note, Alvara Protocol aims to redefine DeFi and investment management through innovative features and a utility-focused token ecosystem.

3. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix We are introducing groundbreaking solutions that will redefine the industry. The project’s innovative stake-to-mining mechanism, based on smart contracts on the Ethereum platform, aims to address the limitations of traditional cloud mining.

With $11.9 million already raised in the pre-sale, each BTCMTX token is worth $0.0139, attracting investor attention. Additionally, a whopping 720,990,241 tokens have been staked, and the project promises an expected annual return of 58%.

At stage 30 of the pre-sale, investors will receive a reward of 158.5 per ETH block. With only 10 steps left until the next price rise in 3 days, this is a great opportunity to potentially profit.

Looking ahead, the second phase of the project will focus on platform development and facility setup, including production of mobile and desktop software. Bitcoin Minetrix aims to strengthen its team and participate in negotiations with major cloud mining giants. Therefore, we are looking to improve our Stake-to-Mine contract and secure additional listings on various cryptocurrency exchanges.

#Bitcoin Metrics Stage 30 ends in two days!
What does a network connection do? #Bitcoin mining? 🌐⛏️ pic.twitter.com/M5osQK0i8q
— Bitcoin Minetrix (@bitcoinminetrix) March 9, 2024

In Phase 3, Bitcoin Minetrix plans to publicly launch its Stake-to-Mine platform, marking an important milestone in its development journey. This stage will also see the first withdrawal of mined BTC to user wallets. Finally, in the last step, Bitcoin Minetrix We aim to achieve mass adoption of the BTCMTX token through ongoing marketing efforts along with expansion of cloud mining rental services.

Visit Bitcoin Minetrix Presale

4. BST Chain (BSTC)

The cryptocurrency market is growing rapidly with the emergence of innovative projects such as BST Group, which aim to revolutionize various industries. One project that is making waves is The BST Group. We aim to establish ourselves as a leader in the cryptocurrency and blockchain fields, focusing on real estate, jewelry, smart cities, etc.

BST Group’s approach sets it apart from traditional companies. Prioritize strategic partnerships over direct competition with centralized entities. Leveraging these partnerships, the group aims to drive mass adoption and acceptance of BSTC Coin, which is expected to become a widely used stablecoin across various sectors.

BSTC price chart

Based on this, BST Coin is a hybrid decentralized cryptocurrency platform specifically designed for the gem and diamond industry. This coin solves the current problem with transaction speed in existing blockchains. Therefore, BST Group plans to develop a cutting-edge blockchain platform to ensure optimal performance.

What sets BSTC apart are its unique features, including high transaction speeds, stability, dynamic ledger, and scalability. These characteristics make it suitable for a variety of transactions across multiple industries in more than 18 countries, from retail and e-commerce payments to real estate and jewelry transactions.

We have acknowledged your verification request and are happy to comply with your requirements to ensure the legitimacy of your project.
(i) Ticket number (858519)#BstGroup #CoinMarketCap pic.twitter.com/3xC7vYmGw8
— BST Group International (@Bstgroupworld) March 5, 2024

The Technology Group within the BST Group consists of five main divisions: These departments focus on blockchain consulting, smart city solutions, digital payments through blockchain, AI and digital innovation.

BSTC allocations are distributed strategically across various aspects of the project. This includes ecosystems and utilities, gaming, metaverse, real estate projects, digital payment systems, smart cities, shopping malls, jewelry industry, and e-commerce platforms.

With a goal centered around the technological revolution in the cryptocurrency world, BSTC aims to solve key challenges in the current blockchain environment. We focus on transaction speed and asset valuation. Sapphire Chain, a fourth-generation blockchain platform, is ready to provide comprehensive solutions for digital and physical asset trading.