4 Major Token Launches That Will Drop in 2024

by

As a seasoned crypto investor with several years of experience under my belt, I’m always on the lookout for promising projects with strong communities and imminent token launches. The four projects highlighted here – Plena Finance, Upland, Scroll, and Ponder – have all caught my attention for different reasons.

In the year 2024, omnichains and omni-tokens have taken center stage, as protocols and apps introduce native tokens through diverse formats. Launching a token in this era comes with numerous options, but through experimentation, certain proven methods have emerged. One such practice is distributing a portion of the tokens to early supporters as rewards, fostering a broad user base.

Four distinct web3 projects showcased here have unique focuses, yet they share two significant characteristics: the impending release of their native tokens and the development of a strongly engaged community and minimum viable product (MVP) prior to token launch. Having established solid foundations, these projects are poised for highly anticipated token debuts in 2023, generating considerable buzz among retail users.

Plena Finance

During the ongoing cryptocurrency bull market, there has been notable improvement in the design of Web3 applications. This enhancement is largely due to the introduction of advanced onboarding techniques like account abstraction. By doing away with the need for seed phrase storage, this feature makes it easier than ever for newcomers to begin their journey into the world of decentralized finance and non-custodial wallets, all while reaping the benefits they offer. Plena is among the pioneering applications leading this trend, joining a growing list of crypto “super apps” that aim to provide a comprehensive user experience.

Plena hasn’t just designed an app blessed with slick UI: it’s also managed to build an engaged community that are vibing on what it’s got coming up next, starting with a token generation event on DAO Maker. Having raised $5M in private funding, Plena Finance is now expected to announce its TGE event any day now.

Upland

Upland, a pioneer in the web3 gaming scene, has taken a more traditional path towards tokenization compared to its peers. This journey included cultivating a dedicated fan base, now numbering 30,000 daily active users and 3 million registered players. Launched on EOS with support from EOS Network Ventures, Upland is gearing up for the release of its token on Ethereum. The build-up to this milestone was marked by a Share & Build campaign.

As a researcher studying the Upland platform, I can tell you that this real estate strategy game offers benefits for both current and new players. For those who have already been engaged with Upland, they will be rewarded as the token’s value drops. This incentive keeps existing players invested in the game.

Scroll

Over the past year, there’s been a surge in the adoption of zkEVMs, with Polygon and Cronos introducing their own versions, and StarkNet and zkSync launching native tokens after a lengthy development process. Now, Scroll is set to showcase that the future of Layer 2 (L2) solutions lies in ZK technology. Although entering a competitive scene, Scroll boasts several advantages, most notably its strong alignment with the values of the Ethereum community.

Among Ethereum veterans and projects thriving in the expanding Ethereum ecosystem, Scroll gains substantial backing. Inevitably, it has drawn in its fair share of airdrop hunters, all eagerly anticipating the release of its native token. The specific launch date remains undisclosed, but predictions point to it occurring before the year’s end – providing ample opportunity for airdrop farmers to intensify their activities and boost transactions prior to the crucial snapshot.

Ponder

As a crypto investor, I’ve noticed that one significant trend in this market cycle is staking, with EigenLayer leading the charge. This project has found innovative methods to secure Ethereum Virtual Machine (EVM) Layer 2s and boost on-chain liquidity. As a BNB Chain project, Ponder seems particularly appealing to me since it offers investors like myself the best possible opportunities for earning yields – including through staking.

Ponder explores possibilities in RWAs, NFTs, DeFi, and even memecoins. With Ape Terminal’s highly-anticipated token sale upcoming, it’s no surprise that retail investors are excited. It doesn’t hurt that Ape Terminal is known for launching successful projects, some of which have achieved significant returns. While it remains to be seen if Ponder will join the ranks of these successful launches, its large community size, coupled with Ape Terminal’s, makes a strong case.

Read More

2024-06-27 16:43