This Week in Signal Teams — IOTA, Decred, THORSwap

Every week we comb through hundreds of FTX Signals to bring you the most significant team updates with brief analyses to help you understand the latest developments in blockchain.

Macro Crypto News This Week

• VISA partners with FTX for Bitcoin/crypto debit cards in 40 countries
• The world’s largest banks ask for a 5% Bitcoin/crypto allocation cap in a letter to BIS instead of the 1% suggested in June
• Grayscale launches Bitcoin mining investment vehicle that pays out mined BTC as a dividend
• Binance BNB chain halted after hack of over $100 million
• Fidelity adds to Crypto offerings with Ethereum Index Fund
• U.S. national debt tops $31 trillion for the first time
• Telegram’s Wallet App now lets users buy/sell Bitcoin p2p
• Russia to allow international trade in Bitcoin/crypto “for any industry without restrictions”
• Crypto exchange volumes grew 16% in September after a 3-month lull
• McDonald’s starts to accept Bitcoin and Tether in Swiss town

Top FTX Signals This Week

• IOTA Announces Touchpoint HiFi Gaming Society and Iotabee DEX
• Decred DCRDEX Upgrade Launched with Litecoin Support
• THORSwap Adds Support for Avalanche

IOTA Announces Touchpoint HiFi Gaming Society and Iotabee DEX

“Welcome to Touchpoint: HiFi Gaming Society. A growth hub for Web3 game discovery and player acquisition.” Read More

“Welcome to Touchpoint: Iotabee! They’re a decentralized exchange (DEX) enabling seamless IOTA — oriented-cross-chain trading, and already enable cross-chain swaps on Shimmer.” Read More

— Thabata Dias, Social Media Manager

Summary

• Touchpoint Open Builders Program HiFi Gaming Society is a project that wants to make it easier for anyone to enter the world of crypto gaming and explore different games and gaming communities.
• HiFi Gaming Society acts as an entry point for players seeking to explore web3 gaming with rewards and incentives. The platform combines off-chain and on-chain workflows in a fun and engaging way to help users decide what gaming ecosystems to participate in.
• This includes “earnables” as a discovery workflow for players to learn about web3 gaming. Players who elect to participate can complete offers and earn rewards with incentives to increase their reputation.
• Iotabee aims at building a DEX on IOTA through several steps, starting with an IOTA-oriented cross-chain Swap, which was released on the day of the Shimmer launch. The Iotabee DEX will be available with ShimmerEVM, where smart contracts will be used and audited.
• Iotabee is a combination of a decentralized peer-to-peer DEX protocol and a semi-centralized cross-chain Swap to create liquidity and trade tokens on IOTA, Shimmer, ShimmerEVM, and other EVM chains.

Significance

The Hifi Gaming launch within the IOTA ecosystem is a great way to increase active users by making gaming onboarding extremely simple. It promises to help kick-start mainstream adoption of crypto games. The first DEX is increasing the impact of IOTA by helping connect it with the outside world, including with relatively mature chains. By providing trading possibilities with stablecoins and across chains, it aims to bring in more assets and resources to the whole ecosystem.

Price at the time of FTX Signal: $0.27. View IOTA on FTX.

Decred DCRDEX Upgrade Launched with Litecoin Support

“DCRDEX v0.5.3 has landed with Litecoin support.”

Read More

— jz, International Ops Lead

Summary

• DCRDEX is a decentralized exchange built by the Decred Project. It allows peer-to-peer crypto trading with no fees and no KYC.
• DCRDEX is available in Decrediton, Decred’s full-featured GUI wallet, or as a standalone application.
• Coins always remain in user custody and trades are completed via atomic swaps with no vaults and no utility tokens.

Significance

The DCRDEX now supports Decred, Bitcoin, Bitcoin Cash, Litecoin, Zcash, and Dogecoin, offering privacy-focused investors new ways to trade crypto.

Price at the time of FTX Signal: $25. View DCR on FTX.

ThorSwap Adds Support for Avalanche

“The wait is finally over: Avalanche has arrived on THORSwap!”

Read More

— paperX, Launch Manager

Summary

• Trade cross-chain now between: $AVAX, $USDT & $USDC on Avalanche with: Native $BTC, $ETH, $BNB, $ATOM, $RUNE, $DOGE, $LTC, $BCH & 4,800+ ERC-20 tokens in 1-click.
• ThorSwap offers full self-custody only with no wrapped assets or bridges and supports MetaMask, Ledger, XDEFI & Keystore wallet interfaces for AVAX.
• THORChain’s native AVAX integration will soon launch the ARC-20 DEX Aggregator, directly connecting to 180+ long-tail asset liquidity on Avalanche C-Chain to THORSwap. Swap any ARC20 <-> ERC20 in 1 click.
• Users can also earn yield on $AVAX by depositing liquidity on THORChain. Yields are generated from the trading fees paid by traders and reward emissions.

Significance

THORSwap has built a decentralized self-custody exchange of native assets, which is key for crypto’s multi-chain future. AVAX’s arrival on THORSwap provides another option outside of centralized bridges & wrapped assets for Avalanche users to conduct cross-chain swaps with self-custody.

Price at the time of FTX Signal: $0.15. View THOR on FTX.

Quotes of the Week:

“Bitcoin will be legal tender.”

— Mexican Senator Indira Kempis

“Bitcoin doesn’t care about your country, religion, race, or creed. Bitcoin is for everyone.”

— Dan Held

Chart of the Week:

The Market Cap to Thermocap Ratio indicates if an asset is trading at a premium/discount with respect to the total revenue generated by the network (aggregate security spend). For Bitcoin, it is currently at levels reached during prior bear market bottoms.

Thanks for joining us and we look forward to bringing you our top FTX Signals again next week.

Jason Hamlin

Ecosystem Insights @ FTX

FTX Signal is a first-of-its-kind communications platform built exclusively for token teams to connect and engage with their communities. Over 1,000 token team CEOs and team leaders actively use the platform to provide relevant project updates directly to FTX’s 6 million+ users. Learn more.

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