Arbitrum DAO locks up $770 million in ARB tokens into a vesting contract, and where is Hedera Hashgraph headed? Newcomer Pomerdoge hits the market in September and aims to connect P2E players around the globe.
Arbitrum DAO to lock up tokens for growth
The DAO governing Arbitrum approved an improvement proposal that locks up $770 million USD in ARB tokens. The new vesting schedule for Arbitrum is meant to drive tokenomics, and the contract will incrementally release funds over a four-year period to fund Arbitrum’s decentralized autonomous organization.
With this major step for the DAO toward accountability and transparent governance, Arbitrum shows courage and potential, and investors appreciate it, as there were concerns over transparency in the project. Arbitrum, the layer 2 scaling solution for Ethereum, will likely benefit from the developments as trust means money, but it has to be seen if price action will reflect that.
At the time of writing, Arbitrum is trading at $1.1258, and if the ongoing downtrend sustains its momentum, a move to major resistance at $1.11 is in the cards.
Can Hedera Hashgraph grow?
HBAR is the native token of the ecosystem aiming to be a more efficient alternative to blockchain technology. Hedera Hashgraph is a distributed registry using Directed Acyclic Graph instead of a clear sequence of blocks like a blockchain would. Other examples using the same approach are IOTA or Tangle. DAG promises all the advantages of the blockchain with no drawbacks.
Information is stored in hashes instead of blocks and enables a faster workflow as everything happens much faster than in the chronological order that blockchain technology implements.
Hedera Hashgraph rights are owned by Swirlds, which was selected by a consortium of 6,000 banks to create a common corporate network. Swirlds holds an exclusive license and will receive 10% of Hedera Hashgraph’s total revenue.
Hedera Hashgraph offers a token, HBAR, smart contracts, and a file service with the network supporting 10k tps.
At the time of writing, Hedera Hashgraph trades at $0.047 with a market cap of roughly $1.5 billion, which gives enough headroom for growth when the market eventually grasps the implied advantages of Hedera Hashgraph.
Pomerdoge – The Play-to-Earn Game Coming Soon
The Pomerdoge token is the in-game currency in the new and exciting Pomerdoge P2E game. POMD will give you access to exclusive NFTs, earn rewards, and the ability to trade at the Pomerdoge marketplace and arena – Pomerplace.
Players will get paid in POMD for the time they play Pomerdoge. POMD tokens will help them build up their character, and create their own avatar. POMD holders can purchase the collection of 7,777 NFTs that will be released during the month of July, with the game being available from September on. Pomerdoge’s smart contract and KYC have been audited.
There are also more incentives, Pomerdoge is promoting $150,000 worth of giveaways for the presale, and rewards will be paid out in the presale period. Currently available in presale stage 1 at $0.007, investors can seize an excellent opportunity to take advantage of the massive gains that Pomerdoge may produce.
Find out more about the Pomerdoge (POMD) Presale Today
Telegram Community: https://t.me/pomerdoge