Learn how you can complete the tasks required for the Catizen game with this tutorial.

 task and you will be redirected to the game in Telegram. 

. Once you have done this, you will have completed this task!

Beginner

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Catizen Telegram GameFi On-Chain Task Tutorial

LightLink is a Layer 2 blockchain network with functionality for individuals, decentralized applications and enterprises. Learn more here.

 has evolved and its digital innovations grown more prevalent across various aspects of business and society, various challenges have arisen. Although blockchain tech offers decentralization, transparency and 

 security, issues such as difficult user experiences, expensive transaction fees and problematic scalability persist. Now, LightLink

 is addressing these issues through its innovative architecture and features.

 blockchain network with functionality for individuals, 

 (DApps) and enterprises. It addresses common blockchain technology issues and provides gas-free transactions.

’s advanced data availability solutions in its architecture and features. It provides a streamlined, superior user experience, lower transaction fees and enhanced scalability as compared to on-chain Ethereum transactions. At the same time, it utilizes 

 (DeFi) and security attributes from Ethereum 

. While LightLink uses existing Ethereum tools, it provides a viable alternative to the 

 (EVM). By empowering users and developers to have a better experience, it moves blockchain tech into the future.

LightLink launched in 2017 to leverage existing Ethereum tools while processing transactions off-chain. Its co-founder and CEO, Roy Hui, partnered with Pellar Technology for development. Lightlink enables instant and gasless transactions with security and speed, and has rapidly been adopted by enterprise and personal users and for DApps. In fact, there are now more than 215,000 LightLink wallets, and it ranks in the top 10 

The LL native token was launched in April 2024. LightLink is backed by Animoca Brands, MQDC, T&B Media Global, B3V and others. Its core advisors are Ryan Horn, Mehdi Farooq and Nathan Lenga.

LightLink aims to address issues that have plagued early blockchain tech adopters, including expensive gas fees and the uncertainty of transaction fees until the completion of a transaction. It also strives to improve the speed of transaction throughput, as compared to other blockchain networks, and aims to create an interconnected DeFi economy by bridging DApps.

LightLink, an alternative to the EVM, processes transactions off-chain and then compresses multiple transactions using a sequencer mode. Its transaction throughput is greater than that of Ethereum because it utilizes rollup tech to provide gasless transactions and faster processing speeds. Enterprise users and individual users benefit from LightLink’s compatibility with Celestia’s solutions, which enables instant processing of multiple transactions without gas fees.

LightLink offers an alternative to on-chain Ethereum transactions. Its many features combine to deliver a superior experience, enabling users to benefit from full access to DeFi benefits with a focus on speed, security and affordability.

Enterprise Mode is among LightLink’s key features. It supports gas-free transactions via a 

 wallet via a direct process, allowing developers to establish a contract address whitelist by paying a monthly subscription fee. 

The developer’s subscription fee subsidizes users’ fees for DApps. As a result, LightLink's 

 empowers users to use the whitelisted apps without being charged gas fees. Additional benefits of LightLink's Enterprise Mode are a fixed fee, multiple transactions processed without fees and access to LightLink’s enterprise partners.

LightLink’s bridge enables users to convert their crypto assets easily and efficiently. Users specify the token type and amount they want to bridge. The bridge functions with both Ethereum and BNB Smart Chain. After the user connects their wallet and finalizes their transaction, the order is executed, and the user can see the estimated time to transfer before order execution.

 from which to choose. Zonic NFT Explorer allows users to view their utility tokens in an NFT format. LiteFlow NFT Explorer supports marketplace trading for all NFTs. The Blockscout Explorer provides users and developers with detailed stats on smart contracts, gas fees, blocks, 

Bolt is a LightLink plugin that supports the development of decentralized gaming apps. It uses Enterprise Mode to support high volume and gasless transactions. In addition, the plugin uses smart contacts to support token minting that connects with the game’s results.

 fosters continued advancements in blockchain technology through grants, collaborations and partnerships. It identifies projects that advance DApps and other aspects of blockchain technology.

LightLink reached several milestones from the time of its launch in 2017 through 2022: the development of its digital wallet and supporting technology, the completion of token contract and blockchain audits, and the establishment of partnerships in the APAC region and with investment banks. During the first half of 2023, both the Testnet and private Testnet went live, and the Translucia metaverse and the Testnet bridge launched. 

In addition, the network completed the migrations of Tridentity and 

. Later in 2023, the platform made headway on its 

 and the integration of Celestia and Pyth. Through the end of 2024, attention will be focused on DA exploration, sequencer decentralization and 

LL, the LightLink native token, was launched on Apr 24, 2024, it plays a role in governance and yields rewards for holders and stakers. Total token supply is 1 billion, with allocation as follows: 

As of May 8, 2024, the LL token’s price is $0.08511, which reflects a decrease of 8.2% over the past 24 hours. Market cap is $6.9 million, and 24-hour trading volume is $7.8 million.

 $0.1083 by the end of 2024 and surge to $0.999 by 2030. This positive sentiment is 

 from DigitalCoinPrice, which believes that LL’s price will reach $0.19 by the end of 2024 and increase to $0.65 by 2030. 

Looking to trade LightLink tokens? Bybit now offers the LL/USDT Spot trading pair. To get started, you’ll need to first create a Bybit account, fund it with cryptocurrency and navigate to the 

All crypto investments have associated risk due to the volatile crypto market. LL is expected to increase in the future, and may therefore be considered as a 

. The platform provides seamless integration with existing Ethereum tools, along with off-chain transaction processing for a better user experience. With this in mind, the project may continue to grow in usage. Always 

 before making any cryptocurrency investment.

LightLink offers seamless integration with Ethereum and other networks to offer optimized utility for users. With functions such as its Enterprise Mode, scalable architecture and the ability to leverage existing Ethereum tools, LightLink empowers users to complete multiple transactions quickly and without gas fees. Add in its DEX applications and overall functionality, and LightLink empowers users with a better blockchain experience.

Intermediate

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LightLink (LL): Empowering Blockchains With Gas-Free Solutions

Injective is collaborating with Arbitrum to enhance its inEVM network by leveraging Arbitrum's Orbit stack to improve its bespoke EVM infrastructure.

The SPX index is down 0.03%, influenced by losses in major tech companies. Market focus stayed on corporate earnings and the Federal Reserve's policy direction, amid varied statements from Fed officials. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 1.39% and 3.17%, respectively in the past 24 hours.

Today’s outperformer is RUNE, which jumped 8.0% after THORChain rolls out THORNode v132 with Enhancements for Loan Execution and Lower Gas Fees.

THORChain (RUNE), founded in 2018, is a decentralized protocol allowing asset swaps across different blockchains, enhancing the DeFi space with its cross-chain liquidity feature. Unlike traditional AMMs limited to single blockchains, THORChain facilitates trades between incompatible networks using the Cosmos SDK. THORChain announced the release of 

, which includes significant improvements to the mainnet. Key updates include: the TOR depth fix restoring functionality to 95%, ensuring optimal loan openings and closings; a reduction in dynamic outbound fee multipliers resulting in much lower gas quotes, particularly a 6.14x decrease for BTC and a 2x decrease for ETH swaps; ejection of remaining BNB balances in preparation for the final stage of the Ragnarok process; and successful processing of remaining AVAX/BSC observations with a recent incident mitigated. Further quality of life enhancements are expected in the upcoming version.

Check Out the Latest Prices, Charts, and Data of 

 to enhance its inEVM network by leveraging Arbitrum's Orbit stack to improve its bespoke EVM infrastructure. This partnership allows inEVM to provide seamless, efficient, and cost-effective transactions, along with access to a broader set of development tools that were previously exclusive to Ethereum L2 solutions. inEVM is now able to use INJ as its native gas token, a novel approach for L2 rollups, and offers familiar development tools like Hardhat and Foundry, all while maintaining fast speeds and low fees. The integration also supports cross-chain compatibility with Ethereum, Injective, and other major blockchains like Cosmos and Solana, enhancing asset and liquidity transfers across these networks. Additionally, inEVM transactions are included in Injective's Burn Auction, which burns a portion of all protocol fees weekly, adding value to the Injective ecosystem. This collaboration marks a significant step toward a more interconnected and democratized blockchain landscape.

Bitcoin (BTC) dropped 1.31% amid negative influences from hawkish Federal Reserve comments and SEC activities, continuing a downward market trend. Ethereum also fell, further impacted by Grayscale withdrawing an Ethereum Futures ETF application. The broader crypto ETF market mostly recorded net outflows, highlighting investor sensitivity to Fed policies and SEC actions.

The new airdrop strategy focuses on optimizing benefits from participating in multiple cryptocurrency projects simultaneously. By depositing ETH at Etherfi and adding liquidity to the weETH-ETH pair on Nile Exchange, participants can earn various rewards including Etherfi Loyalty Points, Linea Surge LXP-L, EigenLayer Points, and potential Nile Airdrop Rewards. The step-by-step guide involves staking ETH on Etherfi to receive weETH tokens, and then using these tokens alongside ETH to add liquidity on Nile Exchange. Additionally, participants are encouraged to activate their Linea Surge Account to qualify for an upcoming snapshot and maximize their benefits, with options suggested for both limited and ample funding scenarios to ensure eligibility for various benefits. 

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Injective Partners with Arbitrum to Enhance inEVM, Boosting Cross-Chain Interoperability and Efficiency

Catwifhat (CWIF) shares the spotlight with Dogwifhat (WIF) on Solana, boasting a unique deflationary feature and a growing holder base in the cat-themed meme coin frenzy.

Cat-themed meme coins have recently been all the rage on 

 (MEW) and Popcat (POPCAT) clearly shows that the crypto community is highly receptive to meme coins whose story revolves around cute felines. 

In December 2023, another meme coin project riding the current "catomania" wave emerged on Solana. Catwifhat (CWIF), however, is unlike the majority of other cat-themed meme coins: it has a unique deflationary property that might pique the interest of the most conservative among crypto investors, in addition to the hordes of meme coin enthusiasts. Four percent of each transaction involving the CWIF token is burned, gradually reducing its total supply while increasing its scarcity, and, hopefully, its value as well.

 (CWIF) is a Solana-based cat-themed meme coin. 

It's one of the several projects contributing to the current wave of popularity surrounding cat-themed cryptos on Solana and other blockchains. Featuring a unique deflationary property, Catwifhat 

 4% of each transaction, significantly reducing its overall supply and marking it as among the most aggressive deflationary characteristics in the industry.

The CWIF token was launched in December 2023, with an initial supply of 77.78 trillion. Less than five months on, the token's aggressive supply-reducing mechanism has driven its total supply to about 36.5 trillion (as of May 7, 2024), with more than half (53%) of the initial supply burned. Currently, nearly half a trillion CWIF tokens are being burned every month.

In addition to the main CWIF cryptocurrency, the Catwifhat developer team has also released the Pixel Catwifhat 

 collection, whose pixelated cats comprise 1,000 items and feature 13 different cat hats as one of its key features. Enjoying significant popularity among NFT enthusiasts, the collection has some of its most valuable items, featuring asking prices of up to $100,000. Currently, Cat #189 is the Pixel Catwifhat NFT with the highest asking price, at 1,035 SOL ($150,417) on the popular Solana marketplace 

The Catwifhat project was undoubtedly inspired by an earlier meme coin, Dogwifhat (

), which was launched in November 2023. Themed around a Shiba Inu dog wearing a hat, Dogwifhat quickly became a meme coin sensation. By early 2024, the WIF token rose to the third position in market cap rankings among meme coins, behind the well-recognized leading duo — Dogecoin (

). As of May 7, 2024, WIF has amassed a market cap of $3.4 billion.

Compared to WIF, CWIF's market cap of $18.66 million looks exceedingly modest. However, it’s seen an impressive growth spurt within just one day.

Additionally, CWIF's exhaustive supply (measured in tens of trillions), active airdrop campaigns and extensive reach among meme coin enthusiasts ensure that the token is ahead of WIF by a mile when it comes to the sheer number of holders. According to some estimates, the unique number of WIF users was around 69,000 in mid-April 2024. On the other hand, the CWIF project claims to have a holder base of over 1.2 million.

The popularity of the cat with a hat meme has led to the launch of several (to be precise, four at the moment) tokens all sharing the same name, catwifhat, but using different capitalization styles and tickers — CatWifHat (CATWIF), CatwifHat (CIF), and catwifhat (CATHAT).

At least two of these, CATWIF and CATHAT, are recent entrants to the market and are likely attempts to piggyback off CWIF's popularity. The CIF token, despite being launched around the same time as CWIF, is also hardly a competitor to the latter; it has been embroiled in at least 

 events, and is far less popular than CWIF among meme coin enthusiasts.

A cursory look at the four tokens' typical trading volumes also speaks volumes, no pun intended, about their relative popularity. As measured on May 7, 2024, the 24-hour trading volume for CWIF stood at around $4.79 million, while CATWIF, CIF and CATHAT registered volumes of under half a million, around $15,000 and under $150, respectively.

The CWIF token is still not widely available on major 

 (JUP) and FluxBeam (FLUXB) — offer CWIF swap pairs. Currently, you can buy CWIF with Solana's native SOL token on FluxBeam, while Jupiter offers two cryptos for buying CWIF — SOL and 

The popularity of cat-themed meme coins is skyrocketing, and the CWIF token is at the forefront of this surge. While the token still features a relatively modest market cap, at least in comparison to the likes of Dogwifhat, Dogecoin and Shiba Inu, it has already amassed a highly impressive 1.2 million user base. Many of these have been attracted by the image of a cute cat sporting an adorable hat. Also, it wouldn't be a stretch to say that the token's unique 

 mechanism has lured a good chunk of this user base.

As CWIF transactions heat up, that 4% burn rate ensures that the token's supply decreases quickly, and with the decrease in supply comes the value of scarcity. Those who hold onto CWIF for a longer while might find themselves in possession of a truly scarce and valuable asset in the future — that is, of course, if the crypto community's obsession with cats stays strong.

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Catwifhat (CWIF): Sharing the Throne With Dogwifhat (WIF) on Solana

Web3 Experts

Learn more about value accrual in the modular stack with insights from our guest author, Gabe.

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Gabe was formerly with the listings team at Coinbase, and is an author from Shoal Research, a firm specializing in DeFi and infrastructure research.

 have been all the rave, but one often overlooked aspect of them is that they fragment value. In a world where we have one monolithic blockchain, all value accrues to this blockchain’s ecosystem — but that’s not the case with modular blockchains.

This is due to their inherent design. Modularity, as it relates to core blockchain components, means that different layers specialize (i.e., do what they’re best at), and the best layers for data availability and consensus, settlement and execution are coupled into one blockchain, which when presented to the end user allows them to get a better product at a lower price. (The reasons why blockchain components such as data availability and consensus are grouped will be touched upon later in this post, as well as execution and settlement.)

Elaborating on this theme, the modular stack’s main benefit materializes with users being able to access cheaper and better blockspace (better in the sense that this specialization allows for total blockspace to expand exponentially; more on this below). As the number of blockchains proliferates, it will unlock applications that we haven’t even thought of yet — much the way broadband unlocked social media for us, as well as better security guarantees. Developers of applications also need to worry less about the “ideal” stack for them; they can just plug and play, subsequently deploying their app. So when the functions of all these core components are carried out by different blockchains, where exactly does value accrue?

But before getting to that, let’s get a little deeper into modular blockchains. One reason the modular blockchain narrative is going to be instrumental for the paradigm shift into blockchain technology and web3, in general, is that it allows us to scale bandwidth without compromising on the very reasons blockchains are so interesting — censorship resistance, vitality and credible neutrality.

In essence, with modular blockchains, we can try to make the best trade-offs on the blockchain trilemma (see above) by scaling in layers. Take Ethereum as an example: with modular blockchains, Ethereum can be used as a settlement layer, since it has the most (and the most geographically distributed set of) validators (as well as a lot of solo stakers and overall less cloud concentration, see 

). In addition, Ethereum’s chain is arguably being secured by the best crypto money after Bitcoin — Ether. But effectively, Ethereum is well suited to be a settlement layer, making it a place to have the 

, as well as dispute resolution (such as for fraud/fault proofs).

Now, with regard to scalability, we do this on layers built on top of Ethereum, much like we do in TradFi (for example, Stripe or something like PayPal is built on top of many financial layers, and usually banks, say every week or so, settle up on the base layer using 

, i.e., the Federal Reserve settlement system). Nic Carter, in 

 with Lex Fridman, breaks it down well (it’s worth noting that TradFi is at an advantage since it utilizes centralized databases to record transfers, etc., while blockchains are distributed ledgers that require cooperation of thousands of nodes to append and verify). 

This mechanism takes the form of rollups and other scaling solutions, rollups being the predominant one, which solely specialize in execution ( basically, just running code in an execution environment, which takes the form of the 

 for Ethereum and Ethereum rollups), and can hence make some trade-offs when it comes to decentralization and security (this is another post in and of itself). Rollups also need 

 and, by extension, consensus in order to function, and while this can be done by Ethereum, it can be outsourced (trade-offs here, too) to blockchains like 

A nice example of a project that embraces modularity is 

, which uses Ethereum as a settlement layer and Celestia as a DA+consensus layer, achieving execution by itself using the 

 (Solana virtual machine) as its execution environment. The SVM is creating a lot of buzz right now as one of the only multithreaded virtual machines, allowing for 

 (basically transactions to be processed in parallel to each other), unlike the EVM, which is single-threaded. Hence, sequential transactions are the norm and parallelization isn’t possible.

Let me precede all this by saying that Ethereum in and of itself 

a modular blockchain, in the sense that it can do everything (data availability, consensus, execution and settlement) by itself, but can be used by other blockchains and layers of the modular stack (for example, execution layers like rollups) for functions such as settlement, which then makes Ethereum a component of 

The way this meme can be understood is that everything is a modular blockchain, and everything is a monolithic blockchain (performing all the functions on the base layer, like Solana), depending upon how you look at it. For example, if I built a rollup on Solana, is Solana itself a monolithic blockchain, or a modular one? Likewise for Ethereum. Even Celestia can achieve execution and settlement as well, but if it’s only utilized for data availability and consensus, then it's a modular blockchain (you get the point).

By embracing modular blockchains, different blockchains can specialize in what they do to fulfill the requirements to have an “optimized” blockchain, as I’ve elucidated above.

Which one of these layers (data availability/DA for short, consensus, settlement or execution) will capture the most amount of value (have the most value accrual)?

This post was inspired after discovering the following 

1) For a DA layer to work, you need some kind of ordering on that layer (hence, DA layers come with their own consensus, i.e., ordering protocols), so in this modular stack, consensus and DA aren’t two separate things. Just imagine using data available on one chain in order to create proofs, but this data (because it's on a blockchain) is ordered in some other way by another chain. It’s just a mess.

2) Execution layers like Arbitrum have pricing (discrimination) power, while DA layers like Celestia do not. This is because Celestia provides a homogeneous service (data availability), while Arbitrum (and other rollups like Optimism; I’m just taking Arbitrum as a main example) provides an execution environment for some of the best crypto apps not found elsewhere. This in itself is one reason why Arbitrum makes a significant amount of revenue (some hundreds of thousands of dollars per day), while Celestia makes negligible fees (less than $100 per day at the time of writing, as seen below, though this is also a function of Celestia’s nascency). 

Arbitrum is also closer to the end user, due to their monopoly on sequencing (the foundation runs the only sequencer). While this will change in the future — for example, with the adoption of 

 — the Arbitrum protocol (sequencer, builder, searcher) will still be the only one to receive user fees, and most importantly, MEV and some part of the fees will trickle down to the DA layer as the rollup/execution environment will still write the data to Celestia, etc.! And remember, if DA layers captured most of the value, then rollups today would be charging lower fees to users than the cost to post/write data to the DA layer (i.e., operating at a loss, which is not the case today).

Anatoly Yakovenko (the founder of Solana) 

 this phenomenon in depth on the Lightspeed podcast.

3) Settlement layers are more valuable than DA+consensus layers (and I’d argue execution layers) simply because of the fact that the settlement layer will be secured by the most money/money-like crypto asset, as in the case of the most credibly neutral settlement layer today, Ethereum, which is secured by ETH. A DA+consensus layer will inevitably have more activity/volume flowing through it, relative to the settlement layer (which will only be used for bridging and dispute resolution, so occasionally, block headers will be posted to it from the DA+consensus layer). But the settlement layer’s asset will still be more valuable, albeit the settlement layer is “doing less.” Just look at TRX vs. ETH; the former’s blockchain handles more volume and burns more of its native token than Ethereum’s, and yet it’s valuated at magnitudes less than ETH. 

Simply put, the monetary premium is the multiple at which an asset trades relative to its fundamentals/fundamental utility (due to its “moneyness”). Gold is a good example: it's not used so much in the economy for production processes — and yes, it also looks good — but most of its value comes from its hard money trait. Case in point. 

 for this point, who puts it better than I do:

the most valuable part of the stack is settlement, then execution, and then DA+consensus

, for all the reasons mentioned above (this is why I’m not delineating between DA and consensus).

My argument can be summed up as follows: The settlement layer is the most valuable because of monetary premiums, and execution is much more valuable than DA+consensus because the latter provides a homogenous service where competition is fierce, and costs (and hence revenue for the DA+consensus layer) will trend to 0 (slightly unrelated, but 

 is great and talks about why these sorts of businesses don’t make sense to pursue). Meanwhile, the former (execution) layers can build network effects at a much greater rate and solidify them with mass liquidity! (They’re also much closer to the users, and they don’t compete on fees!)

Let me explain this point a little more. Right now, rollups such as Optimism and Arbitrum pay more than 90% of their costs (which are actually paid by users) for DA (this 

 expands on what I’m saying), something they want to minimize. Therefore, they might switch to Celestia for DA (and hence consensus), thus lowering their cost (and therefore their revenue) drastically (right now, data on Celestia costs pennies for rollups; if Arbitrum wrote as much data as it did today to Ethereum to Celestia, it would only pay a few thousand dollars — 

 has done good research on this). But users don’t care about small fee increments between rollups! I don’t care if I’m paying $0.01 for a swap on Rollup A when I could be paying $0.007 for a swap on Rollup B, simply because I don’t swap that much, and bridging my assets is a hurdle and entails security risks. But for a rollup —which is, after all, a business posting thousands of megabytes of data to the DA layer — these “increments” in cost matter a lot because they add up. Basically, rollups are price-elastic (

 price elastic). But rollup users aren’t, to a large degree.

From fat protocols to fat applications, modeling value accrual in the blockchain landscape isn’t a new endeavor. The advent of modularity introduces new components to the public blockchain landscape, as well as new economic and value dynamics. Modular blockchains represent a paradigm shift in the blockchain stack — from building a complete integrated network that can serve all four blockchain functions on the base layer, to building networks which use specialized layers for fulfilling these functions optimally.

 is the most valuable component of the stack, underpinned by the monetary premiums associated with the underlying asset. 

 layers follow closely behind. In contrast, 

 despite providing essential functions, face growing competition and diminishing revenue potential due to their semblance to commodities.

In short, the order of value accrual in the modular stack is as follows:

Value Accrual in the Modular Stack: Unpacking Where Value Might Accrue in a Modular Blockchain Future

Grab Up to 5,000 USDT in Rewards

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