Token Events

Stablecoin project Cap co-founder Benjamin announced that there will be no token airdrop. The project will incentivize users through Stabledrop in the form of stablecoins, with the only way to obtain it being the upcoming public offering. He emphasized that there are no listing fees paid to CEX, nor are there TVL incentives or side trading through CAP, to avoid token dilution and uncontrolled buyback costs.

YO Protocol announced that it will launch a governance token YO, with a total supply of 1 billion, distributed to the community and core contributors, among others. The token will be airdropped on February 5, and it is initially non-transferable, and holders can participate in protocol decision-making. The YO Rewards Program has been launched, and users can earn YO rewards by participating in DeFi activities.

Solana makes a new mark in the cryptocurrency hardware market with the launch of the Seeker phone and the $SKR token, as the value of this token skyrocketed over 200% in just the first few days. The strong price surge of $SKR occurred immediately after the token launch event (TGE) along with the associated airdrop program.