- On January 24, the second pitch session, organized by Incrypted, took place.
- The prizes were taken by the projects Massa, ZKX and zkLink.
On January 24, 2024, the second pitch session took place as part of the Incrypted Acceleration initiative. We have prepared an overview of the event, participants and summed up the results.
Let us remind you that the Incrypted Pitch Session is an online event aimed at supporting promising projects in the Web3 field. The pitch session gives participants the opportunity to present their ideas and attract potential investors.
Participants and winners
Like last time, many projects took part in the Incrypted Pitch Session. Among them, the jury chose the most interesting and promising ones.
All event participants will receive information support from Incrypted. Below we will tell you more about the presented projects and start with the winners.
First place – Massa
The project is positioned as the first and only L1 network of its kind that completely solves the blockchain trilemma.
A key feature of Massa is its Autonomous Smart Contracts (ASC). They allow you to automatically manage liquidity, eliminating the need for centralized intermediaries, as the developers say.
In a comment to Incrypted, founder and CTO of Massa Labs Damir Vodenicarevic noted the following:
“The pitches were high quality and very interesting. I liked the discussion-oriented format followed by a presentation.”
According to him, Massa is the result of three years of research and four years of development. The blockchain implements a customized consensus algorithm that allows for thousands of transactions per second without compromising security and decentralization.
“Our mainnet has been running since last week, we have already reached almost 100,000 transactions, and the public sale starts in a few days,” noted CTO Massa Labs.
Among the plans for the future, the founder of the company noted listing on exchanges, the introduction of incentives to attract liquidity and integration into the Ethereum ecosystem.
Second place – ZKX
A decentralized exchange (DEX) for trading perpetual futures in the Starknet ecosystem. According to the developers, the project combines the advantages of DEX and CEX, offering, among other things, a convenient and user-friendly interface.
A special feature of ZKX is its innovative order book structure with a decentralized network of nodes. At the same time, users retain full control over their funds.
ZKX co-founder Naman Sehgal also praised the level of preparation for the event:
“The Incrypted pitch session was impressive, but I think five minutes is still not enough to comprehensively cover the features of our project.”
According to Sehgal, the next milestone for DEX development is finding a balance between decentralized and centralized exchanges. It must combine an accessible user interface, high performance, security, reliability and impartiality.
In the future, the ZKX project team plans to launch the OG Trade platform. It is a gamified perpetual futures exchange for short-term traders.
The organization's global goal is to create an all-encompassing DeFi ecosystem within ZKX that could cater to any user request.
Incrypted has a guide to the available activities on this platform.
Third place – zkLink
zkLink is an infrastructure provider for trading on various blockchains. During the pitch session, the team presented the project Nexus.
It is a unified Layer 3 (L3) protocol with support for ZK-Rollups. In addition to increasing throughput, the solution aims to eliminate the problem of liquidity fragmentation.
Among the distinctive features it is worth noting adaptive balance restoration. Thanks to this, the solution ensures smooth transaction processing without compromising reliability.
The head of the zkLink press service, Neil Lew, noted that the project has already received interested comments from viewers of the pitch session:
“This is a very rewarding experience. […] We were excited to introduce zkLink to the Incrypted community.”
According to a company representative, L3 is a protocol that is built on top of L2 solutions to host specific applications. Liu explained that this approach solves the problem of isolation of L2 networks, simplifying communication and data exchange between them.
Looking ahead, the developers plan to introduce even more partnerships with various projects, add compatibility with zkEVM, and hold a token generation event (TGE), which will take place at the end of Q1 2024.
Non-custodial protocol for conducting spot margin trades on DEX. According to Primex Finance co-founder Dmitry Tolok, the main goal of the project is to create a platform that would allow the user to borrow liquidity for various financial transactions in DeFi applications.
You will find a full review of Primex Finance in a separate article.
Landing protocol that allows you to use more than 100 different assets as collateral. Mutual settlements between isolated lending markets take place in trenUSD stablecoins.
This approach allows us to minimize risks, the project team noted. Tren.Finance also supports margin staking.
P2P protocol of the third level, which is actually a clearing system. It is based on the YELLOW token.
Yellow Network aims to create a highly efficient decentralized trading infrastructure through a network of brokers. Supports real-time cross-chain transactions and aggregated order books.
According to a Yellow representative, the project has already received “tens of thousands” of applications to participate in the testnet. He stressed that the team will announce an event “soon” that is expected to attract up to 150,000 more users.
The first landing protocol based on the TON blockchain. The project is aimed at ensuring an influx of liquidity into the ecosystem, intensifying margin trading and supporting the development of third-party applications by attracting financing.
The TON Wallet is integrated into Evaa Protocol, and it also has support for the Wallet bot, thanks to which the user can apply for a loan directly in Telegram.
The platform is a sophisticated automated market maker (AMM) within the Linea Network ecosystem. The project is positioned as “1inch for liquidity providers.”
This approach has certain advantages. Suppliers receive higher profitability, and users get the opportunity to choose a specific counterparty.
Lynex has a rewards system in oLYNX.