Web3 creator platform Alt.town has transformed its $TOWN token from a speculative asset into a functional utility token with real platform integration. The Panama-based company’s latest update enables direct swapping of $TOWN for KEY tokens, the core currency for DNA creator token trading and content payments, while launching a ValueFi Deposit Event with a $10,000 reward pool to incentivize ecosystem participation and stable holding behavior.
about Alt.town Launches $TOWN Token Utility & ValueFi Deposit EventEugene
0 posts last weekAlt.town Enables $TOWN Token Utility with ValueFi Event
Web3 creator platform Alt.town has fundamentally transformed its $TOWN token from a speculative asset into a core utility token, enabling direct conversion to KEY tokens for platform transactions and launching a ValueFi Deposit Event with $10,000 in rewards. This strategic shift, following recent listings on major exchanges like Binance Alpha and Bitget, marks a pivotal move toward a sustainable, utility-driven ecosystem for creators and fans alike.
about Alt.town Enables $TOWN Token Utility with ValueFi EventAave Cuts Scroll Exposure Amid DAO Governance Turmoil
Aave has submitted an emergency proposal to mitigate governance risks within Scroll’s ecosystem, where it holds approximately $6 million in TVL. The Aave Chan Initiative recommended defensive measures including raising reserve factors to 90%, lowering supply caps, and reducing borrowing caps to contain exposure to Scroll-based assets. This action was triggered by Scroll’s decision to halt new DAO proposals following the resignation of its lead delegate and internal governance turbulence. Scroll is pausing new submissions to redesign its governance model for better efficiency and stability, though approved proposals will proceed. The situation highlights the interconnected risks in DeFi ecosystems when layer-2 governance faces uncertainty.
about Aave Cuts Scroll Exposure Amid DAO Governance TurmoilAsian Markets Mixed Following U.S. Stock Performance and Economic Concerns
Asian shares showed mixed results following a lackluster finish on Wall Street, with Japan’s Nikkei 225 rising 0.3% while Hong Kong’s Hang Seng fell 0.3%. U.S. stock indexes also had a mixed day, with the S&P 500 inching up 0.8% after a four-day losing streak, while concerns about inflation and consumer spending persist. In commodities, U.S. crude oil rose to $68.90 per barrel, while the euro slipped against the dollar.
about Asian Markets Mixed Following U.S. Stock Performance and Economic ConcernsGlobal Stock Markets Decline Following Wall Street’s Record Retreat
World shares are mostly lower as Wall Street retreats from its record highs. In related news, Trump has stated that inflation is not his primary concern, raising questions about the future of consumer prices. The market’s fluctuations reflect ongoing economic uncertainties.
about Global Stock Markets Decline Following Wall Street's Record Retreat