Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

Blockchain

DeFi

Komodo is a DeFi and blockchain platform that aims to enhance blockchain interoperability through its open-source technologies that help people build innovative blockchain products.

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The blockchain world is fast-paced and requires constant innovation to keep up with emerging trends. Komodo has been around since 2016 and still brings innovative products into the space.

From its atomic swap DEX, which facilitates swift autonomous cross-chain asset transfers, to its open-source technology supporting independent blockchain creation, Komodo has continued to build crypto products that empower users with freedom and independence.

Let’s take a deeper look at the Komodo ecosystem and how it’s pioneering freedom through

 is a community-oriented network designed to enhance blockchain interoperability in a decentralized nature by providing people with open-source technologies to build and use innovative blockchain products.

Its main aim is to be an all-inclusive platform for crypto users and developers, blockchain projects and technopreneurs to engage with blockchain in a free, open and accessible manner. Its ecosystem features a host of innovative features and products that are constantly evolving to meet the fast-paced demands of 

Komodo’s flagship product, AtomicDEX (now known as Komodo Wallet), popularized the 

 (DEX) that removed the risks associated with centralized exchanges.

Furthermore, its multi-chain architecture incorporates over 13 blockchain protocols, such as 

, which let you access and interact with your assets without the need to wrap them or use proxy tokens, making the whole process fast, private and secure. Additionally, Komodo’s use of Smart Chain technology facilitates independent blockchain creation, enabling easy 

Its recent rebranding to Komodo SDK unifies the brand as an all-in-one solution provider of noncustodial wallets, as well as a 

KMD is the native utility token of the Komodo platform, and is powered by a delayed Proof of Work (dPoW) consensus mechanism that keeps the platform safe from 

Komodo began in 2014. Its founder, James “jl777” Lee, was then still working as a core developer on another project. Lee was among the first to identify the need for decentralized trading, and formulated various projects toward this objective.

The token itself, KMD, started as a fork of 

 blockchain code and was termed BitcoinDark (BTCD). As such, it was considered a privacy coin that implemented 

 and other Zcash parameters. However, when James joined Komodo in 2016, he decided to switch its focus, embracing open-source technologies to help independent blockchains launch. The BitcoinDark privacy coin project was changed to the development of KMD in line with Komodo's new focus.

In September 2016, the Komodo blockchain officially debuted with the mining of the KMD genesis block, and an ICO was held a month later. During this period, Komodo also launched its innovative dPoW consensus mechanism, which protects blockchains in its network from 51% attacks. In February 2019, KMD dropped its 

 technology to ensure the platform fully complies with global regulations. 

Since its inception, Komodo has been constantly innovating and building to ensure its users can take advantage of recent developments. The launch of Komodo 3.0 (Komodo SDK) in July 2023 aligns with this vision, as the unified brand incorporates the Komodo DeFi Framework, Komodo Wallet suite and the Komodo Core protocol

The mechanics of Komodo’s ecosystem are designed to enhance interoperability and security for all users. From the outset, the team was keen on building a truly decentralized platform that would unlock the limitless power of blockchain technology. Based on this vision, Komodo has implemented the innovative structure described in detail below.

The Background Behind Komodo’s Delayed Proof of Work (dPoW)

Security of transactions on a blockchain is critical since the whole process is based on trust, with no central authority to govern the process. As such, a 

 is necessary to securely track and digitally confirm value ownership.

, is said to have invented an innovative way to achieve this via the 

 (PoW) consensus mechanism. Through the complex but valid nature of PoW, blockchains such as Bitcoin and 

 have remained some of the most secure and dominant platforms in the crypto space.

However, despite the dominant benefits of PoW, networks that use the consensus mechanism encounter some challenges. PoW networks are expensive in terms of the equipment needed to mine crypto coins, and are environmentally harmful because they mostly rely on electricity to operate. In short, the PoW model is unsustainable and unreliable, since all the power lies with the miners who are free to move to other profitable networks.

The most popular alternative to PoW is the 

 (PoS) consensus mechanism, which incentivizes participants to verify transactions and secure the network by staking their tokens. Although eco-friendlier and inexpensive, it’s considered less secure due to its exposure to malicious participants who may stake a majority of tokens to become a monopoly over the network and declare false transactions valid.

Enter Komodo. To counter the challenges above, Komodo employs a unique consensus mechanism known as 

Delayed Proof of Work (dPoW), which is powered by a collection of code known as Iguana Core

 technology. dPoW involves a notarization process that creates backups of transactions done on the Komodo network in a separate PoW network (currently on Litecoin).

Such a structure prevents the success of any malicious attack, since the backups on the separate PoW network can overwrite and overrule any unauthorized changes.

Furthermore, independent blockchains on Komodo known as Smart Chains are secured using dPoW, which makes it hard for an attacker to compromise records as backups exist on Smart Chains, the Komodo main chain and on the separate PoW network. As such, Komodo’s dPoW mechanism provides a security level presumably greater than that of Bitcoin in a flexible and eco-friendly manner.

At the heart of the novel dPoW system are notary nodes that are responsible for transferring the history of transactions done on the Komodo network. These are Komodo's version of miners, who ensure a blockchain network remains efficient and cost-effective. As such, notary nodes receive financial incentives of approximately 50 KMD daily for their services.

They also gain from the economic incentive of periodically mining in “easy difficulty” mode, allowing them to mine as if they were the only ones on the network (as compared to the rest of the miners, who operate on a calculated difficulty level).

 are designed for blockchain entrepreneurs who can build and operate their own blockchain away from the Komodo main chain. Komodo Smart Chains are based on 

 modules, which provide developers with the functionalities of Komodo's design, such as atomic swaps and multi-chain syncing. Moreover, these capabilities are secured by Bitcoin's 

. By default, Komodo's highly secure dPoW consensus mechanism is inherent in all Komodo Smart Chains.

While Antara’s modules are built into the Smart Chains, the Smart Chains are highly customizable and developers can opt to program new models. For instance, a blockchain developer can create a hybrid blockchain combining PoS and PoW consensus mechanisms. It's also possible to split a busy blockchain into multiple other chains, or develop a privacy-enabled Smart Chain for private currency transfers.

The Komodo blockchain is highly scalable. Each Smart Chain can accommodate thousands of transactions per minute, making the combined Komodo ecosystem capable of supporting millions of transactions per minute.

For the Komodo main chain, users need KMD to transact, but can earn 0.01% annual rewards by holding at least 10 KMD coins. Meanwhile, end users of the Antara Smart Chain only need the currency developed by the chain, without having to worry about the unpredictability of the larger ecosystem.

You can create a Smart Chain through Komodo’s DeFi Framework and release your project through an 

 (IDO). By releasing a product through an IDO powered by Komodo, the blockchain entrepreneur ensures that the process is decentralized, without the risks of malicious attacks or human errors, which are common with the 

In July 2023, Komodo welcomed a new era through a brand unification process that seeks to make the platform well-positioned to provide users with an even more decentralized experience. The process involved renaming some of its key features to signify the new look.

Based on these efforts, Komodo's current technology suite is now known as Komodo SDK, which includes the Komodo DeFi Framework, Komodo Wallet, Komodo core protocol and the KMD coin.

To target more blockchain developers and reflect the brand’s multi-faceted, developer-friendly ecosystem, Komodo’s AtomicDEX API has rebranded to Komodo DeFi Framework. The feature consists of two APIs — DEX API and Wallet API. The two allow the easy building of 

 (DApps) to cater to the unique needs of DeFi, such as cross-protocol DEXs and noncustodial crypto wallets.

At the backbone of this framework is the use of 

. Basically, atomic swap technology allows the automatic transfer of assets anonymously without letting go of control of them until both parties are fully satisfied with the transaction. Better yet, the process is quick, secure and private, and doesn’t require the intervention of a third party.

When building a DEX, developing the code is complex and time-consuming. However, a developer needs only to plug into Komodo’s DeFi Framework DEX API to quickly build an innovative, secure and user-friendly DEX. Developers can also leverage the Wallet API to create a noncustodial web3 wallet compatible with thousands of cryptocurrencies.

As the switch to decentralized exchanges continues to pick up momentum, Komodo has rebranded its flagship product, AtomicDEX, to Komodo Wallet to make it an all-in-one app for your decentralized trading needs.

The 3-in-1 app comprises a noncustodial wallet, cross-chain DEX and crypto bridge. Installing the multi-chain Komodo Wallet on your desktop or mobile phone allows you to swap tokens, interact with over 500 cryptocurrencies and bridge to supported blockchains, such as 

KMD is the utility currency that powers the Komodo ecosystem. Currently, it’s used to reward active participants of the Komodo ecosystem with an APR of 0.01% on the KMD holdings in their wallets. It’s also used to incentivize notary nodes to power the dPoW consensus mechanism.

Komodo crypto has a total supply of 200 million tokens, with a current circulating supply of 138,728,909 tokens. However, the platform is working on revising KMD tokenomics to make the supply more 

, which will in turn create value for KMD. To achieve this goal, Komodo has proposed a two-part strategy to curtail KMD creation by over 90%: 

1) Lower the APR for rewards to active users from 5.1% to 0.01% (already approved) 

2) Reduce the KMD block rewards for notary nodes from 3 KMD to 1 KMD (set for mid-2024).

As part of its transition from a privacy-focused coin to an open-source blockchain project, Komodo has remained in a constant state of evolution to meet the ever-changing and diverse needs of the cryptocurrency market. Komodo’s contribution to crypto cannot be overlooked, particularly in popularizing the groundbreaking atomic swap decentralized trading technology through AtomicDEX.

Recently, the Komodo team has been working on a series of changes designed to cater even more effectively to web3 demands. Based on their 2023 road map, Komodo is on track to achieve most of its milestones.

The project has undergone a brand unification process to incorporate more features into its platform, geared toward streamlining its broad vision of providing users with a fully decentralized crypto experience. There's a growing demand for decentralized exchanges (

), and Komodo has the tools needed to facilitate this expansion.

 conditions, Komodo's recent wins include integrating with 

, open-sourcing its DeFi Framework and adding support for the 

. Furthermore, the ongoing revision of Komodo's tokenomics will help reduce its supply, increasing KMD's price and value over time.

Based on this continuing progress, Komodo is a good investment for someone with a long-term mindset on the true power of DeFi and blockchain. 

However, this suggestion isn't financial advice, and we highly recommend you 

Komodo is actively working to improve interoperability between blockchains and to open users to the immense power of blockchain technology. The Komodo DeFi Framework will fuel the overall growth of the DeFi industry by helping individual DeFi projects launch their own blockchains. In particular, Komodo Smart Chains empower the creation of fully customizable, independent blockchains that will enhance user adoption.

As a project, Komodo is on the right track to achieve full decentralization and scalability, making it a project that could become a critical pillar to crypto, especially in the DeFi niche.

Komodo (KMD): Pioneering Blockchain Innovation for Freedom

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards