Recently, the official Twitter of Nuwton.io, an NFT trading platform on the ETHW chain, disclosed that it has completed a financing of US$5.5 million. This round of financing was invested by Weiyi Capital, Wagmi33 Foundation and other institutions and several angel investors. The founder of Nuwton.io is Wu Bo, the former founder of Lashou.com.
This is the first ecological project in which the founder's real name and financing have been completed since ETHW realized the hard fork. Looking back on the successful merger of Ethereum, nearly one month has passed, and the fork network ETHW (EthereumPow) has also transitioned from turmoil to market attention.
At the beginning of the fork, although the ETHW network used a Chain ID different from that of Ethereum, some project parties did not adjust in time, which led to attacks. The contract of the cross-chain bridge omni Bridge on ETHW was attacked by replay attacks and was taken away by hackers. 200 ETHW were raised. In addition, because the ETHW token airdropped at a ratio of 1:1 with ETH was continuously sold by investors who are not optimistic about the forked network, the decline expanded, from $130 at the beginning of the listing to $5.
And because almost all protocols and applications after ETH is converted to POS only support POS chains and do not support forks, and the main members who support forks are Chandler Guo, an old man in the currency circle with a not very good reputation, etc., the community is more based on Treat it with the mentality of watching a farce.
Recently, however, more and more voices in the community have begun to discuss the ETHW network. According to data from CoinMarketCap, ETHW has been listed on more than 50 centralized exchanges, and the price of tokens has risen from $5 to a maximum of $12.
There are two reasons for the gradual rise in the popularity of the ETHW community:
One is because the mainstream exchange Binance’s attitude towards the ETHW network has changed from indifferent to ambiguous. Binance announced support for the distribution of the forked token ETHW to users on September 13 just before the merger of the Ethereum network went live. ETHW was launched to exchange BUSD and USDT, and Binance launched the ETHW zero-fee mining service on September 29. From the previous support and distribution of ETHW, compared with other exchanges, it was delayed to open more services for ETHW, giving ETHW Higher expectations from the community.
The second is that Beatles, the first NFT project on ETHW, has an increase of up to 5,600 times based on the whitelist casting price, which has attracted a lot of attention from the market.
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Beatles
Beatles is the first NFT project launched on the ETHW chain. It is now online. The current official Twitter followers have 10K, and the Discord community has 5.1K users. Officials have not disclosed the team and investment institutions so far. As of October 13, the market value of Beatles was 160,000 ETHW, the total historical transaction volume was 109,935 ETHW, and the number of holding addresses was 5,400.
At the beginning of Beatles' launch, they gave away a casting whitelist by liking, following and reposting the official Twitter, and leaving the wallet address in the comment area. The casting price is 0.01ETHW for a single address and 2 Beatles can be minted, and the public sale price is 0.1 ETHW for 1 Beatles .
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Official website:https://sikalang.com/
Nuwton
As mentioned above, Nuwton is an NFT trading platform on the ETHW chain, and it is an overseas entrepreneurial project of Wu Bo, the founder of Lashou.com. As of October 13, the number of NFT collections currently on the Nuwton platform is more than 60 series, and the total transaction volume exceeds 170,000 ETHW. The transaction volume output is mainly three series of Beatles, Moon Ape POW Club, and UNIW PUNKS, and the transaction volume of other projects is almost zero. According to official sources, the trading volume on the platform currently accounts for about 90% of the NFT trading volume on the ETHW chain. Its official Twitter currently has 11K followers.
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Official website:https://nuwton.io/
OpenW
OpenW is an NFT trading platform on the ETHW chain, which is not yet online. As of October 13, the number of followers on the official Twitter is 48K, and the number of users in the Discord community is 21K. According to official information, OpenW is supported by the Wagmi33 Foundation. According to community information, the aWSB community has a lot of exchanges with Chandler Guo, the main figure who supports the Ethereum fork, so it is not surprising that its incubation fund supports the ETHW community project.
At present, the OpenW NFT official is presenting OpenTiger, the OG certificate of its platform, which is also the first NFT collection that the platform will launch. OpenTiger is one of the beneficiaries because many users missed the thousands-fold increase in Beatles collections, which triggered FOMO behavior on other NFT projects on the ETHW chain.
In stark contrast to the little interest from the community before the launch of the Beatles, OpenTiger is currently in full swing during the pre-launch whitelist phase. It cooperates with dozens of Twitter traffic KOLs in the Chinese and English regions to conduct a lottery to give away the whitelist, and the official whitelist is added. A single tweet received 20,000 likes and retweets. At the same time, the official also launched a whitelist activity for active users in Discord, and the number of participants in a single lottery is 2,700 users.
secondary titlehttps://twitter.com/OpenPowNFT
Uniwswap
Uniwswap, a decentralized exchange on the ETHW network, is now live. As of October 13, the official Twitter follower count was 35K, audited by Coinsult, and the team and investment institutions were not disclosed. Uniwswap has currently opened 6 liquidity incentive pools and 2 single-currency pledge incentive holders, the transaction fee is 0.17%, the current TVL is 1.9 million US dollars, and 1.94 million ETHW is destroyed.
UNIW is the token of Uniwswap, with a total of 50 million pieces. Among them, 100,000 pieces are used for pre-sale; 100,000 pieces are used to provide initial liquidity; 1.5 million pieces are used for ecosystem project cooperation (including marketing, promotional activities, liquidity management, centralized exchange listing, etc.), three 1.5 million is used for team development, and the vesting is completed six months after it goes online; 1 million is used for community activities, which will be released immediately after use. The rest are not listed yet, and users are currently providing liquidity mining output.
From the observation of the Uniwswap token economic model, expenditures such as team, ecological cooperation, and community activities account for a small proportion, and the main output is the mining part. In view of the low consensus in the current ETHW community, users have not established long-term holding expectations, and most users are currently in the state of mining, withdrawing and selling.
In addition to the centralized exchange, Uniwswap also incubated the NFT project Uniwpunks and the ecological sector Uniwgrant. At the same time, it cooperated with Multichain to launch a cross-chain bridge, and will launch the Launchpad sector in the future.
The story told by UniwPunks is a group of community members who love EthereumPow and Uniwswap to jointly build an EthereumPow network worthy of participation. Its circulation is 1,000, which are minted in two batches. The casting price of the first 500 is 15UNIW, and the casting price of the last 500 is 1ETHW. The current holding address is 500, the historical transaction volume is 34003ETHW, and the current floor price is 11ETHW.
Holding UniwPunks can increase the mining rate of return on Uniwswap, and at the same time the royalty income generated by the UniwPunks exchange will be distributed to its original holders,
According to official information, the team is mainly located in Europe, with a total of 10 people, two artists, five Solidity/blockchain developers and three business development/operations personnel.
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Official website:https://uniwpunks.com/
LFGswap
LFGswap, a decentralized exchange on the ETHW network, is now live. As of October 13, the number of followers on the official Twitter is 177K. Official documents disclose that team members Kevin is the CEO, Yoga is the project manager, and Hatu is the business developer, but they are all listed as cartoon characters without real names.
LFGswap launched the governance token LFG, with a total of 1 billion pieces. Among them, consultants accounted for 3%, which will be released linearly in a 20-month cycle; 3% will be used to provide liquidity; 3% will be used for public sales, 50% will be released after going online, and the rest will be released linearly in 2 months after being locked for 30 days; 6% will be used for the centralized exchange Launchpad; 10% will be used for private placement, which will be released in half a year after being locked for one year; 75% will be released in five years through mining and community rewards.
The initial release is 75 million, and the remaining 925 million output per block is 64.86% for mining, 12.22% for the community and team, 3.24% for consultants, and 6.49% for the centralized exchange Launchpad.
LFGswap was originally scheduled to open the public sale on September 30 and end on October 7. The fundraising method is to distribute the quota proportionally after over-raising. The official expected fundraising is 900,000 US dollars, and the public sale price is 0.03 US dollars. On October 2 At that time, the participating funds were 660,000 US dollars, and 1,880 addresses participated. On October 6, the fundraising reached 1.33 million US dollars. According to official information, the funds raised from the public sale will be used to repurchase and destroy LFG.
Then LFGswap officially announced on October 6 that because some early private investors temporarily requested to change the attribution conditions of LFG tokens, the team decided after discussions with investors at all levels, professional market value management teams, and community supporters: For the future development of the platform and In the interests of all users, it was decided to return all early private and public sale funds.
And all contributors who participated in the fundraising will receive an airdrop of 777 LFG tokens, the contribution address will be included in the white list of LFGswap's official NFT sales, and the Wolf of Wall Street NFT will be airdropped to users who have completed the invitation contribution task as scheduled. Then the team modified the economic model of LFG tokens, changing the original public offering to an ecological fund, and the private offering to LFGSwap Exchequer.
The LFGswap token LFG was launched at 19:00 on October 7th. After the launch, some community members analyzed the chain and found that the team continued to sell its own tokens after the token was launched.
Links on the chain:https://www.oklink.com/en/ethw/address/0x69497c11081674acecddc74430fa142903c1feab
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Official website:https://www.lfgswap.finance/
ETHWID
ETHWID is the domain name system of the ETHW network. Previously, the warm-up method was to present the whitelist to the community, and it is now in the pre-registration stage. Users can pre-register the domain name, the pre-registration price range is 0.497-199.01ETHW, and then participate in the auction, the auction period is 10 days. The auction only exists in the pre-registration stage. After the official launch, the bidding process will be canceled and the registration process will be the same as that of ENS.
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Official website:https://ethw.id/
PoWTomb
PoWTomb is an algorithmic stable currency on the ETH network. The number of Twitter followers is 0.6K. The official team and other information are not disclosed.
The method adopted is to issue 3 tokens: the main token PoWTom, the stock token PoWSares, and the bond token PoWBonds. Among them, PoWTom is linked to ETHW 1:1, PoWSares can get PoWTomb rewards in BoardRoom, and PoWBonds will be issued when the linking ratio of PoWTomb to ETH is lower than 1:1.
Bond tokens PoWBonds can be purchased while the main token is de-pegged (TWAP below 1.01 EthW). Proceeds from the bond are used to repurchase PoWTomb to create buying pressure to bring back balance. Once the balance is recovered, PoWBonds will be bought back at a higher price.
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Official website:https://powtomb.live/
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1. The transparency of community information is low
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2. The community consensus is low
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3. Stable currency without endorsement
At present, the stablecoins USDT and USDC of the EHW network are not officially issued by Tether and Circle, and do not have official endorsement. The stable currency is the most basic facility for the stable operation of a chain, and it is also the top priority, which needs to be solved urgently. Therefore, before the official stablecoin issue is resolved, the risk of users using the current stablecoin on the ETHW chain is extremely high, and they should participate with caution. To participate, use ETHW as a settlement token as much as possible.
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4. The development is very early, and the admission funds are less
Judging from the sum of the lock-up value of the above projects, there are very few assets in the market, and even some products have a TVL of only 1,400 US dollars, which is as high as Uniwswap, which is less than 2 million US dollars, which also reflects that the current market is on the sidelines. Pay attention to the ecology on the ETHW chain.
In addition, according to 2Miners data, the ETHW network computing power is 39.28TH/s, and the total network computing power of ETC, which is also a fork token of Ethereum, is 144.62TH/s. It can be seen that the miner group is also in a wait-and-see state for the development of the ETHW chain.
