For Naija investors looking to dive into the crypto space, several new token launches are making waves. One of the most anticipated is the X Empire Airdrop, set to launch around October 15, 2024. This project, inspired by Elon Musk, combines gaming with DeFi, offering users a chance to earn significant crypto rewards through daily combos, riddles, and rebuses. To be eligible, users must be part of the official Telegram group, complete KYC, and engage actively within the ecosystem by staking, trading, or completing tasks.
Another exciting development is the potential token launch by Polymarket, a blockchain betting platform that saw record trading and user growth in September, largely due to US election bets. Polymarket is rumored to be seeking $50 million in investment to support the launch of a new token, which could help maintain user interest beyond the election season. This move is seen as a strategy to ensure the platform’s long-term relevance.
In addition, the crypto market is preparing for significant token unlocks next week, with Aptos (APT) and EigenLayer (EIGEN) leading the way. These unlocks could add $200 million worth of new tokens into circulation, potentially impacting the prices of these tokens. For instance, APT is expected to unlock $93 million worth of tokens, while EIGEN will add $34 million. These events can often lead to negative sentiment among investors and trigger sell-offs.
For those interested in presale tokens, projects like Cybro and MoonBag are also gaining attention. Cybro offers a utility token with features like staking, discounts on services, and an insurance program to reduce financial risks. MoonBag, on the other hand, focuses on community-led initiatives, offering high APY staking rewards and a buyback and burn strategy to maintain liquidity and price stability.
