Crypto Weekly: OpenSea Incentives, Scroll DAO Halt & More
Catch up on OpenSea’s pre-TGE push, Scroll DAO’s halt, WLFI burn plans, and X Layer’s record growth in this week’s crypto updates.
- OpenSea launches a pre-TGE incentive campaign.
- Scroll DAO governance is temporarily paused.
- WLFI community proposes token buyback and burn.
This week in the crypto space, several project developments caught the community’s attention. OpenSea, one of the leading NFT marketplaces, launched a pre-Token Generation Event (TGE) incentive program. This move is aimed at rewarding early adopters and encouraging engagement before their token officially launches.
The campaign includes limited-time rewards and bonuses for users actively trading or holding assets on OpenSea. By offering incentives ahead of its token distribution, OpenSea hopes to build momentum and onboard new users. It’s a strategic play to capture more market share as competitors like Blur continue to gain traction.
Scroll DAO Paused as Governance Tools Improve
In another significant update, Scroll DAO has temporarily suspended its governance activities. The decision comes as the team looks to improve its on-chain voting tools and governance transparency.
While DAO activity is paused, development continues behind the scenes. The Scroll community remains optimistic, seeing this as a chance to reset and enhance the DAO’s infrastructure for long-term scalability and efficiency.
WLFI Community Plans Repurchase & Burn
Meanwhile, the WLFI (Wavelength Finance) community is taking a bold step by proposing a repurchase and burn of WLFI tokens. This deflationary move is designed to support token value and reduce circulating supply, which may appeal to long-term holders.
Token burns are often seen as a commitment to ecosystem growth, and WLFI’s move reflects a community-driven effort to add value and maintain investor confidence.
X Layer Hits New ATH in Activity
Lastly, X Layer has recorded an all-time high in active addresses, showing strong user engagement on its network. As Layer 2 solutions continue to evolve, increased address activity can signal healthy network usage and growing adoption.
This milestone highlights X Layer’s progress in building a scalable and user-friendly blockchain ecosystem, further attracting developers and DeFi enthusiasts.
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