Ecosystem Update November 2024
Dear investors,
We're excited to share our November 2024 Ecosystem Update. This detailed overview explores the latest market trends and events, highlights and notable developments within the Advanced Blockchain ecosystem. Furthermore, it provides an extensive overview of our progress and insights into the broader industry landscape, and features recent organizational developments.
Lets dive right in :
Macro Industry View
Total Crypto Market Cap in November
November 2024 Macro Update
November marked a turning point for the global financial landscape, with the U.S. elections shaping economic narratives worldwide. Market sentiment responded positively to political shifts, including anticipated policy changes that could favor innovation in emerging technologies like blockchain and AI. This renewed optimism was bolstered by significant developments across the crypto industry, further solidifying blockchain’s position in the global economy.
1. Bitcoin’s Dominance Surges Amid ETF Momentum and U.S. Elections
- Bitcoin reached a market cap of $1.7 trillion (as of today $1.9 trillion), overtaking silver to become the 7th largest asset globally.
- ETF inflows surged, coinciding with the U.S. elections, solidifying Bitcoin’s role as a global store of value and institutional asset.
- This growth highlights increasing institutional adoption and a strong vote of confidence in the future of digital assets.
- Several countries are already discussing purchasing bitcoin as a part of their strategic reserve.
2. Stablecoin Developments Gain Ground in Europe
- A MiCA-compliant Euro stablecoin was introduced by a Dutch company, Quantoz, backed by Kraken and Tether, setting a new standard for regulated stablecoins in Europe .
- This development enhances cross-border payments and strengthens the EU’s position as a relevant player in digital finance.
3. XRP Hits 3-Year High Amid ETF Speculation
- XRP achieved its highest price in three years, fueled by speculation around a potential XRP ETF launch. At the time of writing, XRP had reached a monumental market cap of $134B, making it the fourth largest cryptocurrency after Bitcoin, Ethereum and Tether, dragging Solana down from its original position.
- The resurgence of interest in altcoins like XRP underscores the maturing crypto market and growing diversification of investor interest.
4. Regulatory Winds Shift with SEC Chair Gensler’s Departure
- The resignation of SEC Chair Gary Gensler, known for his critical stance on crypto, raised hopes for a more balanced regulatory approach.
- Market participants are looking forward to long awaited advancements around legal decisions and the introduction of clearer regulations, which are expected to drive industry growth while ensuring robust investor protection.
- The current direction of US politics is indicating that his successor will be a more crypto friendly candidate in January.
With institutional inflows increasing and blockchain solutions gaining traction across industries, the foundation for sustained growth in the digital asset space is stronger than ever. These macro trends underscore a transformative growth period for blockchain and digital assets, with institutional confidence, regulatory progress, and innovative products driving momentum. As Advanced Blockchain navigates this dynamic environment, we remain focused on leveraging these opportunities to maximize value for our ecosystem and investors.
Ecosystem Key Updates
Peaq - In November 2024, our incubation peaq achieved remarkable milestones, notably the launch of its mainnet and the listing of its native token, $PEAQ, on multiple exchanges.
Peaq Token Launch: On November 12, 2024, peaq's long awaited token went live, marking a pivotal step in its mission to support the Decentralized Physical Infrastructure Networks (DePINs) space. At launch, over 50 DePINs are already building on peaq, collectively operating more than 2 million devices across 21 industries, including mobility, energy, and decentralized AI. This extensive network established peaq's presence in 95% of countries worldwide at launch.
$PEAQ Token Listings: Coinciding with the mainnet launch, $PEAQ token was listed on 12 major cryptocurrency exchanges, such as KuCoin,Bitget, and Gate.io. This broad accessibility facilitated liquidity and a broad market presence. The $PEAQ token serves multiple functions within the ecosystem, including transaction fees, staking, and governance participation. The team added more exchanges like ByBit over the entire month, to expand its investor base.
USDC Integration: On November 14, 2024, peaq integrated USD Coin (USDC) into its platform. This addition is expected to enhance Machine DeFi applications and enable DePIN builders to incorporate stable payments within the Machine Economy, thereby reducing concerns related to price volatility.
Advanced Blockchain will stake its $PEAQ tokens through the peaq staking portal once the Safe{Wallet} integration is deployed. This integration is expected anytime soon according to the recently received statements from the peaq team. Safe{Wallet} serves as the multi-signature wallet for holding the group $PEAQ tokens for the purpose of adhering to the highest level of security standards in managing the group assets. In parallel, the team is exploring various interim workarounds to interact with the respective smart contract while awaiting the deployment of the Safe{Wallet} into the peaq portal.
Furthermore, Advanced Blockchain is currently evaluating the opportunity to operate its own validator node, joining entities like the Lufthansa Innovation Hub and the peaq foundation. This initiative aims to enhance group yields while actively contributing to network security.
Silencio - Silencio released an updated version of its app, introducing a revamped home screen, gamified experiences, enhanced earning opportunities, and a new user profile interface. These enhancements aim to improve user engagement and streamline the process of measuring and reporting noise levels.
Referral Program Enhancement: The referral bonus was increased from a 5% lifetime commission to 20%. Users now receive a 200 Coin bonus for each referral, and a 20% commission on their referrals’ in-app coin and $SLC token earnings, including raffle winnings. This adjustment incentivizes community growth and rewards active participation.
New Website Launch: Silencio additionally unveiled a redesigned website, providing a comprehensive hub for information about its mission, app features, and community initiatives. The new site offers enhanced statistics, deeper community insights, and much more.
Teneo - Community Node Launch: Teneo introduced its Community Node extension on the Chrome Web Store, enabling users to participate in decentralized data collection directly from their browsers. This initiative enhances data democratization and user engagement within the Teneo ecosystem. To be highlighted is the 500.000 Node Milestone achievement, setting the protocol up for a robust decentralized node network and diversified sources for its data aggregation.
Integration with peaq Network: Teneo Protocol integrated with the peaq blockchain, leveraging peaq's Modular DePIN Functions to enhance its tokenization platform for real-world assets. This collaboration aims to streamline the tokenization process and expand Teneo's reach within decentralized physical infrastructure networks.
Light - Driving Solana’s Future: As early adopters of ZK Compression, Light Protocol is setting new standards for secure, verifiable solutions in the Solana ecosystem, helping to shape the future of DeFi privacy—one step at a time. Developers and users can now confirm that Light's on-chain deployments match the open-source code for unparalleled transparency due to the official verification of its tech by Solana themselves, speaking for the quality of the code.
TLX - Synthetix Acquisition Proposal: Synthetix, a leading decentralized derivatives platform, proposed acquiring TLX to enhance its suite of financial products. This strategic move aims to integrate TLX's leveraged token capabilities with Synthetix's infrastructure, offering users seamless access to high-quality structured products. The acquisition is pending approval from both communities. If this proposal is approved, $TLX tokens can be swapped into $SNX tokens at a 18:1 ratio, resulting in a 25% discount rate of $SNX.
New Milestones: Furthermore staked TLX and trading volume surpassed previous all time highs and now reached 20 Million staked TLX yielding an APY over 50% while trading volume sits at over $500.000.000 USD leveraged token. Advanced Blockchain is currently staking its TLX tokens, generating an average annual percentage return (APR) of 60%.
Composable
Mantis - Accelerating Transactions with Chainbound Bolt: Mantis has partnered with Ethereum-based R&D firm Chainbound to integrate Bolt, bringing lightning-fast transactions to and from Ethereum for Mantis users. This collaboration enhances transaction efficiency, making seamless transfers a reality.
Collaboration with Particle Network: Through the partnership with Particle Network, Mantis users can now leverage Universal Accounts to carry out optimized cross-chain and single-chain swaps. This integration simplifies the user experience, ensuring smooth interactions across multiple chains.
Strategic Partnership with Lollipop: Mantis announced its collaboration with Lollipop.This partnership focuses on advancing Web3 technologies and unlocking new opportunities for innovation, marking a pivotal milestone in our journey.
Picasso - Revenue Distribution Update: Approximately 5 million $PICA tokens have been distributed to stakers while around 21 million $PICA tokens have been repurchased from the open market and permanently burned.
Contango - In November 2024, Contango achieved significant milestones in enhancing its decentralized finance (DeFi) offerings and expanding its ecosystem.
Token Price Feed Integration: On November 19, Contango announced the integration of its native token, $TANGO, into DIA's Oracle on the Arbitrum network. This integration provides reliable and transparent price feeds for $TANGO, enhancing data accuracy for users and developers within the Contango ecosystem.
Market Performance: As of November 27 2024, $TANGO is trading at approximately $0.0533, reflecting a 5.94% increase over the past 24 hours. The token's market capitalization stands at $4.59 million, with a circulating supply of 86,118,789.78 $TANGO.
Community Engagement: Contango continues to engage its community through educational content and updates. The team has released tutorials and explainer videos on their YouTube channel, providing insights into leveraging the platform's features and maximizing DeFi opportunities.
Optimism Grant: Contango submitted a grant application to Optimism, aligning with two Mission Requests to expand the adoption of Yield Bearing Assets (YBA) across DEXes and lending markets. As Contango builds on top of both, this initiative strengthens its position as a pivotal player in the DeFi ecosystem.
Myso - V3 Update Announcements and sneak peaks: Mysos next-generation platform designed to empower High Net Worth Individuals (HNWIs), treasuries, and asset managers with seamless, on-chain settlement of covered calls. Key Features will execute trades instantly with unparalleled efficiency, enabling dutch auctions and providing bilateral OTC agreements.
Celestia - Lazybriding fostering high Community Engagement: Celestia continued to foster community involvement through the Celestia Improvement Proposal (CIP) process, encouraging public participation in network upgrades and initiatives. The community's active engagement is pivotal in driving the project's ongoing development. Following the Ginger upgrade, Celestia's native token, TIA, experienced a notable price increase. The token broke through key resistance levels, with analysts projecting a potential surge towards $12.08, indicating a 57.91% increase from current prices according to Invezz.
AO - $AO community continues to expand rapidly: with over 2.5 million tokens minted as of November. Following its 100% fair launch, the tokens are set to become transferable in February 2025, marking a significant milestone for the project.
AO is driving the future of gaming interoperability on Arweave, with innovative initiatives from projects like base jump xyz, transforming connections between games. The platform is gaining traction as more projects deploy on AO, further solidifying its position as a hub for decentralized infrastructure.
Group Update November
Thank you for the attention until this point. November was a business development heavy month for the Advanced Blockchain team as we continue to build up new internal structures and reposition ourselves in the market under the new leadership.
Leadership Expansion: Advanced Blockchain AG (AB) welcomed Maik Laske as its Chief Financial Officer on November 25. With over 30 years of financial expertise, Laske’s appointment expands AB's leadership team, enabling robust financial strategies and further efforts to increase shareholder value. Maik Laske brings tremendous experience in the areas of investment banking, finance, treasury, investor relations, and mergers & acquisitions. His career highlights include co-managing Société Générale Germany and leadership roles in the publicly traded fintech sector and at a medium-sized mechanical engineering company. His appointment will further support and realize the ambitious growth targets of Advanced Blockchain, while simultaneously ensuring financial stability and flexibility.
Strategic Investment in Teneo: Advanced Blockchain announced a strategic investment in Teneo, a decentralized data infrastructure provider built on the peaq blockchain.Teneo addresses the demand for real-time social media data solutions across AI and finance industries. AB’s $50,000 investment secured 0.25% of Teneo’s total token supply, advancing its commitment to blockchain-powered innovation in the DePIN sector.
Increased AO Farming Position: Advanced Blockchain Group has deployed an additional $85,000 worth of Staked ETH (stETH) to further farm AO tokens. This strategic capital allocation is designed to enhance the group's anticipated token holdings by February 2025, capitalizing on the current positive market sentiment. Both investments align closely with the company's refined investment thesis, reinforcing the refined group strategy for sustainable growth in critical blockchain infrastructure sectors.
peaq Token Launch: On November 12, AB’s portfolio company peaq successfully launched its token, marking a milestone in the Decentralized Physical Infrastructure Networks (DePIN) sector. This achievement enhances AB’s portfolio performance and underscores its support for cutting-edge technologies.
The successful peaq launch prompted an updated research adjustment from GBC AG, resulting in an increased stock price target. This represents a 53.6% increase from the initial price target, raising it from €7.00 to a new target of €10.75. Notably, the peaq token is currently trading remarkably above the communicated price of 0.25 cents per token, outperforming the average DePIN token launches.
Attendance at Eigenkapitalforum (EKF): Advanced Blockchain’s team successfully participated in the Eigenkapitalforum, hosted by the German Stock Exchange, to engage with institutional investors and present its updated strategy for sustainable growth, governance and future income generation. The event showcased Advanced Blockchain’s strong blockchain portfolio and highlighted the group's focus on creating sustainable shareholder value in the current and next phase of the company growth.
Internal Restructuring: Advanced Blockchain plans to optimize its group structure by consolidating non-core entities, aligning resources with high-value initiatives, and reducing recurring costs. These efforts are designed to enhance operational efficiency and position the group for long-term growth.
Here you can find one of the EKF-Sildes, outlining our thoughts on the leaner group structure:
If you want to learn more about the new strategy you can dive into our updated Company Presentation from the Eigenkapitalforum.
AGM Preparations: Preparations are underway for the group’s Annual General Meeting (AGM) on December 4th, where the company will provide updates on key areas of our business. The AGM reaffirms Advanced Blockchain’s strong commitment to transparency and shareholder satisfaction, aiming to rebuild trust and provide context.
We look forward to sharing more updates as we continue our transformative future together. Your ideas and feedback are always welcome, and we encourage you to share them through any of our available channels.
Best regards,
Advanced Blockchain
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