🔥Introducing "Tempo" - the top Layer 1 of 2025
According to recruitment information from @paradigm, this fund along with @stripe is building a Layer 1 blockchain named "Tempo".
"Tempo" will focus on speed to serve on-chain payments.
For those who don't know:
@stripe is a company specializing in payments with a valuation of over $90 billion, processing $1.4 trillion in transactions in 2024.
@stripe is a leader in adopting crypto payments by acquiring @Stablecoin ($1.1 billion) and @privy_io.
@stripe's ambition is to bring on-chain payment services to users worldwide and will act as an intermediary to convert from crypto to fiat (bank).
The fact that @stripe and @paradigm are building Layer 1 also brings another significant benefit: Instead of payments occurring on other blockchains, they are now executed on "Tempo".
Therefore, even if they control part or all of "Tempo", they still gain additional benefits:
- They hold tokens, so they can have governance.
- They hold tokens, so they can share revenue.
- They issue a portion of tokens into their hands, making them wealthy.
However, it is also possible that "Tempo" will not issue tokens and instead become a private blockchain fully controlled by them. In that case, 100% of the revenue will go to them.
🔥The truth behind the acquisition of @StargateFinance by @LayerZero_Fndn
@LayerZero_Fndn has just proposed to buy the bridge @StargateFinance.
With an exchange rate: 1 $STG = 0.08634 $ZRO
In the tokenomics allocation of $ZRO, @LayerZero_Fndn holds 14.5% of the total supply from the 38.3% allocated to the Community.
So, those holding $STG will exchange their tokens for $ZRO from this portion.
(unclear: buying at a valuation of $STG at 160 million but only spending 110 million?)
However, previously @LayerZero_Core announced that @StargateFinance was built by them to demonstrate the feasibility of LayerZero technology.
After a period of operation with 2 unstable tokens, they merged into 1, but originally it was one entity.
In summary:
- This merger deal is beneficial for $STG holders as they will switch to holding a token of higher value. The project focuses resources to facilitate easier promotion.
- But from another perspective, this team has made a lot of money from the raises of the 2 projects and the tokens of the 2 projects.
The token price may increase, but I find it a bit ambiguous.
2.5K
20
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.