Original editor: Colin Wu
Original editor: Colin Wu
As the ETH POS merger date is getting closer, the discussion on ETHPOW has never stopped. The faction represented by Bao Erye believes that a new ETHW should be forked, and the market value of the new ETHW will be higher than that of ETC, which can reach 1/3 to 1/10 of the market value of Ethereum; there are also some big miners such as Bitmain who are willing to contribute Migrating to ETC, its mining pool AntPool invested $10 million to support the ETC ecosystem. In addition, mainstream exchanges have not formed a unified opinion on any potential forks of ETHW. Most of them are strategies of watching while walking, and continue to track to evaluate whether to support ETHW. But for retail investors, it doesnt seem to matter. After all, making money is the first benefit, and there is room for speculation when there is enthusiasm.
(This article is for information sharing only and does not constitute any investment advice or endorsement)
Under the wave of mergers and forks of Ethereum, the husband chain Ethereum Classic was rekindled, and ETC became one of the tokens with the highest increase in the past two months, and it was also stronger than ETH. The ecology on the ETC chain has also gradually attracted the attention of more POW miners and large households/institutions with a development attitude towards ETHPOW. Its entire network computing power has recently approached 50 TH/s and hit a record high. However, for a long time, due to concerns about the underlying technology, 51% attacks, and disharmony among miners, the ecological development of ETC has been extremely slow. With the recent increase in popularity, some developers have also entered the construction of the ETC ecosystem. Lets learn about the projects currently under construction on ETC with the author.
first level title
NFTs：
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MonkeyDoo
Unminted; Twitter followers 718, Discord members 237, TG members 713
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Classic Rewards
Unfinished (565/10000); Twitter followers 646, TG members 250, Instagram followers 49
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Lazy Lions
Unfinished (380/1250); Twitter followers 567
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ETC Bit Pixel
Unfinished (9480/10000); Twitter followers 892, TG members 298
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MoonLama
Unfinished (1202/2000); Twitter followers 336
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NFTCreed
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Classic Savages
Claiming to be the first NFT project on ETC, it was added to the ETC official website ecosystem collection on December 25, 2021. Twitter has not been updated since August 3rd, and it seems to have given up development and operations, but the founder @SavageProfits is still active.
first level titleETCZunks、ETCBayc、ETCBits、ETCPunks。
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The Man Who Sold The World Metaverse
The number of Twitter followers is 3913, and the number of Discord members is 276. It was added to the ETC official website ecosystem collection on May 17, 2022.
The MMORPG metaverse game built on the simulated earth is composed of 10k blocks of LAND. TMWSTW LAND is currently sold out and has been launched on OpenSea. It is held by 514 holders, with an average of nearly 20 blocks per person. The current floor price is 0.03 ETH. According to the official statement, LAND is built on the ETH main network, but the game economy and assets will be built on ETC. The game is currently in graphic mode.
first level titleCommonwealth Tribes、Aqua Bank。
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HENS（HebeBlock）
The number of Twitter followers is 9313, TG members are 4722, and Discord members are 509
The full name of HENS is Ethereum Classic Name Service, which was added to the ETC official website ecosystem collection on February 21, 2022. It is a domain name service provider on ETC. Its business model is similar to ENS. It captures value by selling .etc domain names and domain name renewals. It is one of the few protocols in the ETC ecosystem with a reliable source of income. Recently, ENSs short-digit domain names are extremely popular, and there are still a large number of three- and four-digit domain names that have not been registered on HENS. If the ETC ecology develops in the future, the role of domain names will gradually emerge. Currently, it takes less than 1 ETC to register a three-digit domain name for a year.
Interoperability:OriginalMy、Stampery
Interoperability:text
Multichain
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Canonical Wrapped Ether（EthClassicDAO）
Wrapped Ethereum Classic wETC, will allow direct transactions with Altcoins through DEX on ETC.
Other bridges:first level title
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Fusion/Nova USD Stablecoin（Nova Network）
Twitter has 8544 followers, Discord members 3460, and TG members 4926. It was added to the ETC official website ecosystem collection on September 1, 2022.
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CoinRabbit
The number of Twitter followers is 3037, TG members are 190, and the last Twitter update is on August 31! The project was added to the ETC official website ecosystem collection on May 19, 2022.
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ETCswap（EthClassicDAO）
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HebeSwap（HebeBlock）
The DEX on the ETC chain created by HebeBlock, with HENS domain name sales and DEX transaction fees as sources of income, was added to the ETC official website ecosystem collection on January 1, 2022. DeFi Llama data shows that in the past month, HebeSwap TVL has increased by nearly 200%, exceeding US$600,000, accounting for 78% of the TVL on the ETC chain.
Other financial services:Celsius Network (allows depositing ETC to earn interest income), Gitcoin (donation), Commonwealth (savings).
Suspected Rug Pull:first level title
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ClassicDAO
Twitter has 451 followers and 81 TG members. It was added to the ETC official website ecosystem collection on August 12, 2022.
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Token Factory（HebeBlock）
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Cryptwerk
Pay with ETC, the site covers companies and stores that accept ETC for real-world payments.
Suspected Rug Pull:XAR Network、Portal.Network
With the popularity of ETHPOW, there are indeed some developers who have entered the ETC ecological construction, but it can be found that the overall ETC chain is still in the desert, and the overall TVL is only one million dollars. Among the 38 protocols officially listed, there are nearly double-digit projects suspected of Rug Pull, and more products/protocols in operation are of poor quality, basically in a state of no interest or use. At present, the products that are still barely usable are mainly built by HebeBlock or EthClassicDAO. If more POW miners enter ETC in the future, in addition to building from scratch, there may be some funds for deep cultivation around these two products. But on the other hand, the lack of well-known projects has also hindered the entry of large funds.
