ChainCatcher message, at the HK Web3 Club event on May 10, COPX project leader Vango introduced that the total supply of COPX tokens is 1 billion, with 70% allocated for trading mining, and the remaining portion allocated to the team, community, and private investment.He pointed out that COPX adopts a DAO governance mechanism, with governance tokens bound to partner-designated wallet addresses, providing proposal and voting rights, enhancing governance transparency and efficiency. Currently, the platform has over 73,000 registered users, with daily trading volume exceeding 50 million USD and daily gross profit exceeding 1,000 USD.According to the plan, the platform will launch the COPX DAO basic contract and App Dapp products in Q4 2024, and will initiate the deployment of traditional financial products such as funds and insurance, accelerating the construction of a more complete Web3 financial ecosystem.

ChainCatcher news, the Berachain Foundation has released its network white paper. According to the white paper, Berachain is an EVM-compatible Layer 1 blockchain designed to create value for applications, aiming to align the value of the network with the value of the applications built on it through the Proof of Liquidity (PoL) mechanism. With its core innovation of Proof of Liquidity (PoL), it changes the traditional incentive mechanism of Proof of Stake (PoS) by linking the rewards of validators to the demand for applications on the network.In terms of the economic model, BERA is used for staking and trading, while BGT is used for governance and rewards. The issuance of BGT is closely related to the staking of BERA, and BERA can be redeemed by burning BGT. Additionally, the PoL mechanism controls inflation by adjusting the Boost of validators, ensuring the security and decentralization of the network.

ChainCatcher news, Ethena founder Guy Young posted on platform X that the best token model design project is BNB.Young explained that BNB can achieve a 50-80% return in the form of other tokens through the Launch Pool, and these returns can flow back into BNB; on a platform with more users and activity than Ethereum, BNB is used more as a "currency." Ultimately, an excellent token is a derivative of an excellent product or platform.

ChainCatcher news, during the main event "The Future of Tokenization" at the 2023 Hong Kong Web3 Carnival, Xiao Feng, Chairman of Wanxiang Blockchain and HashKey Group, delivered a closing keynote speech titled "The Three-Token Model of Web3 Applications." He stated that the applications of Web3 will inevitably meet various demands. The token model at the application layer of Web3 is different from that of the underlying protocol. The underlying protocol is a single-token model that should be unified globally, while the application protocol is a three-token model, with each application scenario having its own characteristics. In the three-token model, the first is NFT (value of data, products, and services), the second is functional Token (value of usage rights), and the third is security Token (value of ownership, which is equity value).