Summary of June '24
June was a transformative month for Earn Network, highlighted by the launch of the $EARN token on the Cronos chain, a seamless bridge for Ethereum-Cronos token exchange, and new staking pools for $EARN and $EARN/$WCRO LP tokens.
Introduction
June was a transformative month for the Earn Network, marked by major milestones and exciting developments. We launched the $EARN token on the Cronos chain, developed a seamless bridge for token exchange between Ethereum and Cronos and created staking pools for the $EARN and $EARN/$WCRO LP tokens. Our $20,000 Reward Initiative distributed incentives across these pools to provide diverse earning opportunities. We also introduced two exclusive utility NFT collections that sold out in under 1 hour after the public sale was open, proving that the Earn community is truly engaged. Dive into this exciting recap and check out all the phenomenal things the Earn Network achieved last month.
Key Numbers 📊
- There are currently 4,900 holders of the $EARN token on-chain, which means that there are over 3,500 more holders in comparison with the previous month! 🚀
- Our platform saw a transactional volume of $12,984,920.43 with 6,591 stakers, underscoring the high engagement in our platform. 👥
- The Earn Network's TVL is $3,3M highlighting the platform's influence and the community's trust in its staking features. 🏦
- The Earn Network's DeFi Staking platform currently supports 57 diverse tokens, with over 350 rewards, alongside 11 NFT staking initiatives with 53 rewards. 🌟
- During Airdrop Season 2, the Earn Network community jointly collected over 350,000 Earn Points. Impressively, the leading participant alone secured over 10,450 points, converting to more than $1,930, thus highlighting significant rewards which active involvement can bring on the platform. 💰
Development Highlights 📈
🟢 Launch of the $EARN token on the Cronos Chain
In June, the Earn Network took a big step forward by launching the $EARN token on the Cronos chain. We have developed a reliable bridge that allows users to seamlessly exchange $EARN tokens between Ethereum and Cronos. The EARN token is now tradable on VVS Finance. We created a staking pool for $EARN on Cronos and launched a liquidity staking pool for $EARN/$WCRO LP tokens, offering rewards in various tokens. This move has created more earning opportunities and better integration, strengthening our ecosystem and our relationship with the Cronos community.
💰 $20,000 Worth of Reward for $EARN Stakers!
Along with the new token, we launched an exciting initiative to distribute $20,000 worth of rewards, including $EARN tokens and various high-potential memecoins. This diverse opportunity allocates 20% of rewards to the $EARN staking pool on Ethereum, 20% to the $EARN staking pool on Cronos, and 60% to the $EARN/$WCRO liquidity pool. Anyone can obtain liquidity tokens on VVS Finance and stake them on the Earn Network to earn additional rewards. A new asset will be added to the pools every day for 30 days, providing a unique and rewarding experience with over 30 different assets.
👩🏻💻 NFT Sale
With Prediction Markets about to launch, we took a big step forward this month by launching our NFT sale for utility NFTs within the Prediction Markets product, which will debut in Q3 of this year. The sale included two collections: The Oracle of Wisdom (50 NFTs) and the Golden Tree of Fortune (300 NFTs), both of which offer unique utilities. Impressively, both collections sold out within 48 hours. These NFTs can now be traded on Ebisu's Bay. More details can be found in the article below.
Earn Network
In addition, we've introduced staking pools for both the Oracle of Wisdom and the Golden Tree of Fortune NFTs on the Earn Network. These pools allow NFT holders to earn additional rewards, increasing the value and utility of their prediction market NFTs.
🔮Prediction Markets Development
Our development team dedicated the month of June to extensive testing of Prediction Markets, which are now in the final stages of development. By focusing on identifying and fixing bugs, we're committed to improving the performance and reliability of the product to ensure it meets the high standards required for the upcoming launch.
🆕 New Staking Pools
Tokens:
- Moonflow ($MOON) on Cronos
- GoodMorning ($GM) on Cronos
- Doofie ($DOFI) on Cronos
- TOSHI ($TOSHI) on Base
- MEW SISTERS ($MS) on Cronos
- MEW SISTERS LP ($MS/$WCRO) on Cronos
- Aryioshin ($ARY) on Cronos
- RIP ($RIP) on Cronos
- CRONAN ($CRONAN) on Cronos
NFTs:
- Mistery NFT on Cronos
- Earn Network x Pitbull NFT on BNB Chain
🪙 Boosting DeFi Staking rewards with exclusive NFTs
With Airdrop Season 2 ending in July, we added the final portion of Airdrop NFTs that can be exchanged for Earn Points in June. These Airdrop NFTs were distributed across all pools, giving every staker in our ecosystem a chance to earn them. We encourage everyone to check the Airdrop page to see if they have any rewards to claim.
Community Growth 👥
🪂 Airdrop for Earn Network Supporters
To celebrate the launch of the $EARN token on the Cronos chain, the Earn Network rewarded our most engaged community members. Users who logged into our website before June 18th received 500 $EARN tokens, those with a profile on our platform got 1500 $EARN tokens and those who staked on our network also received 1500 tokens.
👻 Mistery campaign with real world rewards
We collaborated with Mistery for a special campaign on Galaxe. Participants completed simple tasks to mint an access pass NFT, which entered them into a raffle. The winners received one of five exclusive T-shirts co-designed by Myistery and the Earn Network. This unique opportunity highlighted the creativity and engagement of both communities.
🎁 Pitbull NFT Campaign
In June, Pitbull won our community voting, leading to an exciting campaign in collaboration with them. Through a SoQuest campaign, users completed a few simple social tasks to earn a free mint NFT on BNBChain. This NFT can be claimed and staked on the Earn Network for attractive rewards. However, these rewards are exclusively unlocked for those holding Pitbull tokens, adding an extra layer of engagement and value for Pitbull supporters.
🤝 Partnership with MemesOnCronos
We partnered with Memes on Cronos, the aggregator for all meme coins on the Cronos network. Through this collaboration, our network is now featured on their website, allowing users to see which Cronos memecoins have staking pools on the Earn Network. Additionally, users can access staking directly from the asset pages on the platform, making it another valuable partnership within the Cronos ecosystem.
💱 $EARN Trading Available on Wolfswap
Now, the $EARN token is available for trading on wolfswap.app, a DEX platform where you can trade $EARN alongside many Cronos-based tokens. This addition provides another excellent venue for trading and expanding your Earn Network investments.
🌐 EARN Network Listing on Cronos Connect
The Earn Network is now featured on Cronos Connect, a comprehensive website listing all projects in the Cronos ecosystem, including tokens, DeFi projects, NFT projects and tools. This listing further expands our visibility and presence within the Cronos community.
Earn Network's Ecosystem
As always, we would love to hear your feedback. If there's something we can improve, please let us know.
Below, you can find the summary from May '24.
Earn Network
