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Cryptocurrency News Articles
Token Trek: Radix Launches Web3 Community Engagement Platform to Accelerate Ecosystem Growth
May 23, 2024 at 11:00 pm
Token Trek, developed by dmany, is a Web3 community engagement platform designed to attract more users and stimulate on-chain activity. Over $120,000 in rewards are available for exploring the ecosystem and completing Web3 quests.
Layer 1 protocol Radix has seen a 76% increase in its total value locked (TVL) following the second phase of its #Breakout2024 campaign, Token Trek.
The Web3 community engagement platform was launched in April 2024 by dMany to attract more users and stimulate on-chain activity. Over $120,000 in rewards are up for grabs as users explore the ecosystem and complete quests.
Radix recently launched Project Ignition, a major event as part of the #Breakout2024 campaign, which saw over $10 million in liquidity injected into the Radix ecosystem. The initiative aimed to increase the amount of TVL of major cryptocurrencies such as USD Coin (USDC), Tether (USDT), wBTC, and Ether (ETH) in the Radix ecosystem.
Within two weeks, Project Ignition resulted in a 76% increase in Radix total value locked (TVL) and a significant increase in on-chain activity on Radix.
Radix increased its total value locked by 76% in two weeks. Source: Radix
As part of #Breakout2024, Radix is also integrating with LayerZero and Maya Protocol, a cross-chain liquidity and swap protocol. The Maya community voted to integrate Radix, with over 95% of participants saying yes.
This integration will enable a permissionless flow of assets between Ethereum, Thorchain, Kujira, Arbitrum, Bitcoin, and the Radix network, boosting the growth of TVL and users.
For those new to Radix, Token Trek offers a gateway into its rapidly growing ecosystem. Several projects, like CaviarNine — the leading DEX on Radix — offer their own incentive programs, with liquidity providers potentially earning over $500,000 in $CAVIAR monthly.
Visit the Token Trek page and choose your first quest. As you hit XP milestones, users can claim their $XRD rewards.
With more than 20 Radix ecosystem projects participating, you’ll have a firsthand look at the platform’s groundbreaking features, including the Radix Wallet, known for its sleek user interface and robust security measures.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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