Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with the highest standards of clarity and precision. With this mission in mind, we are proud to share our October edition of Movers and Shakers, the monthly resource aiming to bring more transparency and credibility to the rapidly evolving crypto space.
As new assets reach a certain degree of accessibility to investors, specifically as they achieve alignment with our Market Selection Framework and the Trusted Volume Framework, Coin Metrics uses its crypto expertise to describe the assets’ context of use. The following assets are expected to reach alignment this month:
AdEx (ADX)
AdEx (ADX) is an advertising platform on Ethereum that aims to connect Web3 advertisers with an untapped crypto audience. The application allows advertisers to deposit funding into an Off-Chain Unidirectional Trust-Less Payment Channel (OUTPACE) to verify micropayments per impression. AdEx proves impressions via its Off-Chain Event Aggregation mechanism (OCEAN). OCEAN provides a committee of validators to view and record events off-chain and reach consensus voting on-chain to create a state change in the OUTPACE channel and pay publishers, validators, or even users. AdEx is currently migrating to a demand-side platform for advertisers. AdEx tokens can still be deposited in liquidity pools, be held in wallets, and staked to increase the functionality and security of the Ambire Network.
Want these insights delivered straight to your inbox? Sign up for our mailing list.
© 2023 Coin Metrics Inc. All rights reserved. Redistribution is not permitted without consent. This newsletter does not constitute investment advice and is for informational purposes only and you should not make an investment decision on the basis of this information. The newsletter is provided “as is’ and Coin Metrics will not be liable for any loss or damage resulting from information obtained from the newsletter.