Watchlist additions: TAO, PURR, EDEL and BP
Quote278 words
Adds four tokens with one-paragraph theses: Bittensor's dTAO subnets, Hyperliquid's HIP-1 PURR, Canton perp DEX Edel with a DTCC working group seat, and Backpack's BP tied to 30+ tokenized US stocks.
Key claims
Backpack BP has no team allocation and 25% to users at TGE
Edel holds a seat in the DTCC Digital Assets Industry Working Group
Adding a few interesting tokens to this list...
$TAO (decentralized AI network where specialised subnets compete for TAO emissions by serving inference, training, compute and prediction, each subnet trading its own alpha token against TAO under dTAO so emissions follow real stake demand, with the new emission gate starving subnets nobody wants exposure to)
→ DYOR: @opentensor
$PURR (the first HIP-1 native spot token on Hyperliquid: no sale, no team allocation, half airdropped to points holders and half permanently committed to the PURR/USDC book via HIP-2 Hyperliquidity. Zero utility by design, but it is the one official cat mascot, and the highest beta community bet on the HL ecosystem there is)
→ DYOR: @HyperliquidX
$EDEL (Canton-native perp DEX for tokenized equities and commodities with private position state and CLOB execution, Vaults and Runway coming on top, and a seat in the DTCC Digital Assets Industry Working Group ahead of the DTC tokenization service expected Q4 2026; Swiss team and one of the cleaner ways to express a Canton or tokenization bet)
→ DYOR: @edeldotfinance
$BP (exchange token of Backpack, which is quietly becoming one of the fastest growing tokenized stock issuers: 30+ US equities issued by Backpack Securities on Solana, redeemable 1:1 for the underlying shares, paired on pump and usable as collateral for perps and margin inside one cross-asset account. Tokenomics are clean too: no team allocation, 25% to users at TGE, the rest unlocks only on growth milestones with the treasury held by the company until post-IPO, and long-term stakers can exchange BP for Backpack equity. More stocks issued means more volume and collateral, more fees and more reason to stake)
What am I missing anon?
QUOTING @zerokn0wledge_
5 tokens with gud tech/narrative alignment for the next few weeks and months that I'm eyeing rn: - $ARX (encrypted supercomputer powered by decentralized MPC network for private AI, and all sorts of encrypted compute use cases, incl their confidential token standard cSPL on Sola
5 tokens with gud tech/narrative alignment for the next few weeks and months that I'm eyeing rn: - $ARX (encrypted supercomputer powered by decentralized MPC network for private AI, and all sorts of encrypted compute use cases, incl their confidential token standard cSPL on Sola
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