In this article, we’ll explore what tokenbot (CLANKER) is, the team behind it, how to deploy tokens using Clanker and how to trade CLANKER on Bybit.

 (CLANKER) is a tool that lets anyone create and manage tokens directly within Farcaster, a decentralized social network that runs on Base. 

In this article, we’ll explore what tokenbot is, meet the team behind it, explain how it leverages Farcaster for on-chain actions, dive into CLANKER’s tokenomics and recent price performance and wrap up with key takeaways and cautionary points for prospective users.

tokenbot (CLANKER) is a protocol that lets users launch custom tokens simply by tagging the tokenbot agent in a post (also known as a “cast”) on Farcaster, a decentralized social network built on 

Rather than manually deploying a token or dealing with multiple third-party tools, creators can use the tokenbot protocol to mint a new token, specify supply parameters and let the autonomous 

 includes blockchain engineers and developers from Coinbase and Twitter (now X), including alex (proxystudio.eth), Jack Dishman, Bryce Tayengco, Lily Johnson, Carter Appleton and Michael (m00npapi.eth).

Farcaster is a decentralized permissionless social network protocol built on Base, the Ethereum Layer 2 network incubated by Coinbase. It offers a lightweight framework for apps to read (and users to post) “casts” (messages) while using Ethereum wallets for identity. 

tokenbot leverages Farcaster’s messaging layer to transform social commands into on-chain token deployments. It uses an autonomous artificial intelligence (AI) agent to introduce tokenization to Farcaster, the decentralized social network.

The following is a list of supported quote tokens for deployment in the liquidity pool:

For more information, you can refer to the 

The following are the tokenomics of CLANKER:

 at approximately $38.09, down 2.8% over the past week. It has a 24-hour volume of around $7 million and a market cap of $38 million.

tokenbot (CLANKER) simplifies token creation by marrying Farcaster’s social commands with Base’s efficient Layer 2 execution. Its accessible workflow, community rewards and governance model put token issuance in the creators’ hands. 

However, the novelty of social-first token creation carries risks — new tokens can be illiquid, vulnerable to 

 before minting or trading CLANKER, and consider security and market factors before diving in.

 the listing of the CLANKERUSDT Perpetual contract, giving Bybit traders up to 20x leverage to long or short CLANKER. Simply head to the 

Intermediate

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tokenbot (CLANKER): AI agent for effortless token creation on Farcaster

Stripe is testing a new US dollar-backed stablecoin product for businesses outside the U.S., U.K., and Europe, aiming to expand the dollar's global footprint.

Daily top performer — Pudgy Penguins (PENGU)

S&P 500 futures dipped as over 180 S&P companies prepare to report earnings this week, following a 4.59% gain last week amid easing US-China trade tensions. Gold prices dipped to around $3,310 as easing US-China trade tensions reduced safe-haven demand, though recession fears may limit further losses ahead of key US economic data releases. Fed hawkishness may cap gains. CoinDesk Indices, which tracks the broader crypto market, fell 0.72% in the past 24 hours, while Bitcoin and Ether dropped 0.19% and 1.07%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is PENGU, rising by 27.5%, following Pudgy Penguins' recent expansion into multiple industries and their celebration of World Penguin Day.

Pudgy Penguins (PENGU), launched in July 2021, is a popular NFT collection known for its cute artwork. It has expanded into physical products like toys, generating over $10 million in sales, and the collection now holds a market cap of over $1.19 billion. Pudgy Penguins and $PENGU were recently 

 as a fitspo in Wisdom Kaye's content, marking a major milestone for their influence across industries. Additionally, last Saturday, the brand celebrated 

, highlighting its continued growth and impact beyond the NFT space. This showcases Pudgy Penguins' expanding presence and reach in multiple sectors.

Check out the latest prices, charts, and data of 

 a new US dollar-backed stablecoin product for businesses outside the U.S., U.K., and Europe, aiming to expand the dollar's global footprint. This follows Stripe's acquisition of Bridge, a stablecoin payment network, which competes with the SWIFT system. Stripe has a history with crypto and recently introduced stablecoin payments in over 70 countries. The company sees this new product as a decade-long ambition, with the stablecoin market growing significantly in 2025.

BTC spot ETFs saw $3.06B of net inflows for the week ending 25 April 2025, with $2.97B from non-GBTC products and $94M from GBTC. Since inception, ETFs have accumulated $38.4B in net flows, with non-GBTC products contributing $61.1B and GBTC seeing $22.7B of outflows.

GiveRep, a decentralized reputation protocol on Sui, has 

 a points program where users can earn Reputation Points by tweeting about GiveRep and its Loyalty projects to qualify for an upcoming airdrop. A minimum of 100 X (Twitter) followers is required, and participants may also earn bonus airdrops from partner projects.

Beginner

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Stripe launches testing for global stablecoin payments after Bridge acquisition

Initia is a blockchain ecosystem that unifies Layer 1 security with customizable Layer 2 rollups through its Interwoven Stack architecture. Learn more here.

 ecosystem forces developers to choose between security and customization, while fragmenting liquidity across isolated chains. Enter Initia (INIT), a groundbreaking protocol that reimagines blockchain architecture by seamlessly integrating 

This article examines Initia's Interwoven Stack architecture, its innovative economic features and the INIT token's utility and distribution, and considers whether this ambitious ecosystem redesign represents a promising investment opportunity following its recent mainnet launch.

 is a blockchain ecosystem that unifies Layer 1 security with customizable Layer 2 rollups through its Interwoven Stack architecture, enabling developers to build specialized application chains without sacrificing interoperability or liquidity or requiring deep infrastructure expertise.

Initia emerged in 2022 when Stanford Liu and Ezaan "Zon" Mangalji left Terraform Labs to tackle blockchain's fragmentation challenges. They later added ecosystem lead OmniscientAsian from Sino Global Capital to help create a more streamlined blockchain infrastructure.

The project quickly gained investor backing, starting with Binance Labs' pre-seed funding in October 2023. This was followed by a $7.5 million seed round led by Delphi Digital and Hack VC, then a $2.5 million community round and a $14 million Series A that valued Initia at $350 million by late 2024.

Initia aims to eliminate the traditional security/customization trade-off in blockchain by creating a unified ecosystem that allows both to coexist. By establishing a central hub for all rollups, the project combines the advantages of monolithic security with the flexibility of modularity, thereby eliminating the fragmentation that currently plagues blockchain systems.

The platform's integrated stack simplifies blockchain development with pre-built solutions that work together seamlessly. Users benefit from Initia's Universal Accounts system, which provides a consistent experience across all connected chains, eliminating the need for multiple wallets or managing different tokens for gas fees.

By introducing economic alignment mechanisms such as the 

, Initia creates an environment in which developers can focus solely on innovation in their applications. This shift away from infrastructure concerns toward product development aims to enhance capital efficiency and drive broader adoption of blockchain.

Initia fuses Layer 1 (L1) and Layer 2 (L2) technologies into a unified architecture with three distinct components. The foundation is Initia L1, built on Cosmos SDK, which functions as the orchestration layer. This base provides security, governance and interoperability.

Above this foundation, Interwoven Rollups (Minitias) provide developers with customizable Layer 2 environments, allowing them to select their preferred virtual machine (

, Move or Wasm), define unique gas token systems and implement specialized transaction ordering mechanisms. 

Binding everything together is the Interwoven Stack, a comprehensive framework that provides all necessary tools for building and deploying rollups without requiring developers to source and integrate disparate components.

The system leverages optimistic rollups through the OPinit Stack to achieve remarkable transaction speeds (up to 10,000 

) while maintaining security. Transactions processed via L2 rollups are submitted to Initia’s L1 for finalization, with data availability secured through 

Initia provides the following core features that work together to simplify development and unify the blockchain ecosystem.

Initia L1 serves as the foundational layer and central coordination hub for the entire ecosystem. Built on the Cosmos SDK with CometBFT and MoveVM, it provides essential services, including network security, governance mechanisms and liquidity solutions through InitiaDEX.

 (also known as Minitias) are flexible Layer 2 blockchains built on top of Initia L1. These rollups rely on the orchestration layer for security and data settlement, operating without native 

 while enabling advanced rollup functionalities.

Developers can customize their rollups by selecting from multiple virtual machines and defining their own gas token and fee structure. This flexibility enables application-specific optimizations and economic models, at the same time maintaining seamless interoperability within the broader Initia ecosystem.

The Interwoven Stack is Initia's comprehensive, all-in-one solution, designed to empower developers in building and deploying rollups with unmatched ease. Instead of requiring developers to research and piece together numerous components — such as wallets, explorers and 

 — the Stack provides everything needed right out of the box.

At the core of this framework is OPinit Stack, designed exclusively for optimistic rollups within the Cosmos ecosystem. It includes mechanisms for fraudproofs and rollback capabilities and supports multiple virtual machines, which allows developers to focus solely on building their applications, rather than configuring complex infrastructure.

The Vested Interest Program (VIP) is Initia's novel incentive alignment mechanism that’s designed to address common issues in multi-rollup ecosystems. It addresses the misalignment of incentives for high-activity 

 (DApps), the economic underutilization of the native token and the inefficient distribution of protocol-level incentives.

VIP programmatically rewards valuable economic activities by allocating INIT tokens to rollups that create innovative applications, and to users who perform beneficial actions. This approach ensures that rollup teams, users and token holders all share aligned interests in the ecosystem's long-term success.

 (DEX) built on the Initia L1, functioning as the central liquidity hub for all Interwoven Rollups. It features Balancer-style weighted pools for diverse asset pairs, and 

 pools for assets with closely correlated prices, ensuring an optimal trading experience.

Enshrined Liquidity is Initia's solution to the traditional dilemma in 

 (PoS) systems, whereby token holders must choose between either staking for security or providing liquidity. It allows governance-whitelisted InitiaDEX liquidity positions (INIT-TOKEN pairs) to function as staking assets alongside the native INIT token.

Users can earn both staking rewards and trading fees from a single position, dramatically improving capital efficiency. To qualify, LP tokens must include INIT as part of the pair (with at least 50% weight for Balancer pools) and receive 

 approval, which also determines reward weight distribution among all whitelisted tokens.

Minitswap eliminates the days-long waiting periods typically required by optimistic bridges when moving assets from rollups to Layer 1s. Users can instantly swap their rollup tokens for L1 assets through liquid trading pairs, creating a frictionless experience for asset transfers throughout the Initia ecosystem.

 offers a unified interface for managing assets across multiple rollups, thereby facilitating cross-chain transfers and accessing DApps. By abstracting multichain complexity into a single interface, users can navigate the entire Initia ecosystem without confronting technical barriers or fragmented experiences.

Initia's bridge technology enables secure token transfers between Initia L1 and rollups using an optimistic bridge model. The OPinit Bridge leverages Cosmos SDK modules, and operates through two key components that work in tandem to ensure system integrity.

The Executor handles token movements, output submissions and data relay, while the Challenger monitors for invalid proposals and provides security oversight. This balanced architecture delivers verifiable cross-chain communication that maintains the integrity of both L1 and L2 chains while enabling reliable asset transfers throughout the Initia ecosystem.

Initia reached a major milestone with its successful mainnet launch on Apr 24, 2025. Before then, the project had completed several critical developments, including the MiniEVM and MiniMove frameworks, the deployment of InitiaDEX and the implementation of the innovative Vested Interest Program.

The immediate post-launch phase is focusing on expanding the ecosystem by onboarding strategic partner projects across 

 and enterprise sectors. This expansion demonstrates Initia's versatility as it builds a network of interconnected Interwoven Rollups that leverage the platform's unified infrastructure.

The INIT airdrop will distribute 50 million tokens, representing 5% of the total supply, to early supporters and community members. This allocation is strategically divided across three main categories: testnet participants (89.46%), social contributors (6.04%) and Interwoven Stack partners (4.50%).

The largest portion (44.7 million INIT) is being designated for the 194,294 users who participated in Initia's public testnet campaigns, particularly those who engaged with interactive 

 activities. Additional allocations target users from partner ecosystems, including LayerZero, IBC and milkTIA holders.

Following the mainnet launch on Apr 24, 2025, eligible participants will have a 30-day claim window to secure their tokens. This airdrop serves as both a community-building initiative and a strategic token distribution to those most likely to contribute to the ecosystem's growth.

INIT is the native token of the Initia ecosystem, with a fixed total supply of 1 billion. Initial circulating supply at launch was 148.75 million INIT, representing 14.88% of the total supply. The token’s distribution is strategically designed to ensure long-term sustainability and broad community engagement.

INIT enables staking to secure the network, powers governance decisions for protocol changes, facilitates cross-rollup operations between different Minitias and provides liquidity through InitiaDEX. This utility-driven model ties INIT's value directly to ecosystem activity and adoption.

Looking to trade Initia tokens? Bybit now offers the INITUSDT Perpetual contract following the recent mainnet launch. To get started, you'll need to create a Bybit account, fund it with cryptocurrency and navigate to the 

While Initia represents a groundbreaking approach to blockchain scalability through its interwoven architecture and unified liquidity model, investors must carefully weigh its significant growth potential against relevant risk factors.

Initia shows promising potential with its comprehensive ecosystem approach and significant financial backing. In addition, growing demand for scalable blockchain infrastructure that doesn't sacrifice security or customization provides a favorable market environment. However, potential investors should 

 and consider their individual risk tolerance.

Initia revolutionizes blockchain architecture by creating a multichain environment in which thousands of appchains can coexist harmoniously through modularity and orchestration. With established financial backing and over 16 appchains already onboarded at mainnet launch, Initia could transform the way blockchain applications are built, deployed and interconnected.

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Initia (INIT): The Interwoven Stack behind scalable rollups

Apr 28, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — US-Sino trade conflicts cool down

China is considering suspending its 125% tariff on certain US imports, including medical equipment and industrial chemicals like ethane, due to the economic impact of the trade war. Discussions are also underway to waive tariffs on aircraft leases, which are financially burdensome for airlines.

This potential move has boosted investor optimism, with Asian shares rising and the yuan recovering losses. Analysts view this as a step toward de-escalation, although significant differences between the US and China remain.

The proposed exemptions align with recent US tariff exclusions on electronics, highlighting the intertwined nature of the two economies. Chinese companies reliant on US goods, such as advanced medical equipment and ethane, have reported some shipments arriving without tariffs.

While the list of potential exemptions is still being finalized, authorities have requested companies submit customs codes for necessary goods. Reports suggest China may also waive tariffs on at least eight semiconductor-related products, excluding memory chips, which could impact companies such as Micron Technology.

Overall, while investor interest grows, relations between the two nations still face challenges, with China demanding the US revoke unilateral tariffs before resuming trade talks.

Traders have heavily invested in Cantor Equity Partners Inc, a blank-check company merging with Twenty One Capital Inc., which is backed by Tether, Bitfinex and SoftBank. Since the April 22 merger announcement, Cantor's stock has surged 197%, closing at $31.50 on Friday.

The merger includes a convertible debt offering, potentially leading to a market capitalization of about $12 billion that would far exceed the estimated $4 billion value of the Bitcoin it’s expected to hold. This would reflect strong demand for crypto-related investments.

Analysts note that investing in such vehicles is akin to betting on Bitcoin's growth. Public special-purpose acquisition company (SPAC) shareholders are projected to own 2.7% of the new company, while major stakeholders like Tether and SoftBank will have substantial shares. Overall, the market is optimistic about this collaboration in the digital asset space.

Advanced

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Weekly Institutional Insights: Trade conflicts cool down as crypto SPAC sees popularity

Bybit Learn

GameFi

Seedify is a community-focused launchpad that's designed to support blockchain gaming projects. Find out how it supports these projects in this article.

Over the past two decades, the gaming industry has grown at a rapid rate and is now among the largest industries in the world. Even though additional advancements are ongoing, the gaming side of the crypto industry has been increasing rapidly in popularity of late. 

 are billion-dollar investments. A sizable portion of crypto investors who focus on gaming are now looking for other projects to put their money toward. Among the most recent projects to gain the attention of investors is 

 (SFUND). Here's a comprehensive guide to Seedify and what it does for 

Seedify is a community-focused launchpad and blockchain gaming incubator that's designed solely to support blockchain gaming projects. This platform provides startups with a range of resources, which extend to an 

 launchpad, developmental feedback and seed money.

 crypto gaming, which is why they’re acting as a launchpad for any type of blockchain game. Token holders and investors who use Seedify gain access to initial game offerings (IGOs) and initial NFT offerings (INOs) available via the Seedify Launchpad, which means that investors can use their funds to support gaming projects that have yet to be released.

, first showed interest in creating a crypto startup back in 2018. At this time, he found that half of the equity raised by the startup would be taken directly by the equity firm — which meant that there wouldn't be much in funds left to provide developers with incentives, or to innovate within the crypto industry.

After a few years, Aydan's frustrations with equity firms and how they viewed crypto startups would lead him to create 

. This platform was brought online in January 2021 to provide players with the ability to vote on the direction that the platform would take. At the end of 2021, the estimated value of the entire Seedify platform was $65.5 billion.

SFUND, Seedify's native token, was listed in March 2021. At the time, three million SFUND tokens were airdropped to existing community members. This platform was able to launch without receiving any seed money from private investors or venture capital firms.

Before you start using Seedify, here’s how it works. This ecosystem is centered around the SFUND token, which provides holders with the opportunity to stake the token and earn staking rewards. Holders can also invest these tokens to obtain access to various launchpad events.

A major component of Seedify is its lottery system, which gives members the opportunity to participate in any future 

. The lottery-based system that Seedify uses determines the tier level that users can join to decide the pool weighting for distribution.

“Weighting” measures the overall likelihood that you’ll be selected at random out of a large number of different names. Let's say that you receive a weighting of 10 out of 100. This means that you have a 10% chance of being selected for the next IGO. Having a higher weight increases your chances of benefiting from this IGO via NFTs or tokens.

 rewards on this platform, you must first purchase and place SFUND tokens into a pool. Having more SFUND tokens gives you the ability to commit to a higher tier. These tokens can be bought on numerous exchanges, including Bybit.

 stands for “know your customer.” It’s a measure that some platforms use to perform identity checks before someone can access the platform's many features. Seedify offers a comprehensive guide to the KYC process, and how guidelines vary from country to country.

The tokens you use for the KYC process need to remain in your wallet, after which they can interact with the Seedify Launchpad. KYC verification is performed with 

, a digital identity verification company that many regulated industries use.

You'll be tasked with providing such information as a proof of your identity, an email verification and your physical address. Once verification with Blockpass has been completed, you'll then be able to connect your wallet to the Seedify Launchpad. From there, you can select a pool for your preferred IGO.

Seedify is equipped with a wide range of unique features that help the platform to stand out from the rest.

 is its IGO Launchpad. “IGO” stands for initial game offering, which is a method that gaming companies can use to raise capital for future project development. Think of an initial game offering like an 

 (ICO). An IPO occurs when a private company decides to sell shares of the company to the public.

The Seedify IGO Launchpad is designed to provide investors on the platform with the ability to invest in new blockchain games, as well as game assets. These investments are made before the game has been released to the public.

By making an investment early on in the development process, the investor is able to enter the IGO at a reduced price as compared to the public listing that will occur later on. However, a project may fail to launch if development doesn't progress smoothly, which increases investor risk.

Once a blockchain gaming startup has left the initial incubation stage, they're able to launch an IGO via the Seedify Launchpad. Actually, the incubation stage can be skipped altogether for companies that would like to launch with Seedify Launchpad as quickly as possible.

This launchpad provides a considerable amount of utility to SFUND token holders. The IGO system that's used at Seedify focuses on providing fair distribution to ensure that investors are rewarded based on the number of SFUND tokens they hold.

At the moment, there are nine reward tiers, which extend from 250–100,000 SFUND tokens. Every tier comes with a different weight. Once an IGO has come to an end, the weight that your wallet has will determine the amount of IGO tokens you’ll receive.

Seedify also maintains an NFT Launchpad, created in mid-2021, which has already supported the launch of 50 successful projects within the blockchain gaming space. This particular launchpad was designed to help startups implement the sale of NFTs into their games.

Investors can use this launchpad to buy new gaming tokens before these tokens land on a public exchange. All gaming projects are required to go through extensive screening to make sure the quality is up to par before being sent to the launchpad.

Users can bet their SFUND tokens and take part in staking. In turn, they receive a certain amount of staking rewards. New tokens are produced to provide staking rewards, which means that the staking process gives SFUND holders the opportunity to purchase tokens before anyone else.

 on the Seedify platform is performed with the use of a community 

 (decentralized autonomous organization). Members of the DAO have a say on project issues, such as:

By using a DAO, Seedify continues as a decentralized system while also ensuring that token holders have a high amount of utility with their holdings.

Along with the SFUND token that can be used for funding platform mechanisms, Seedify also has another native token that's known as SNFTS. The main use for this token is to reduce transaction fees for token holders. SNFTS is currently set to launch on August 31, 2022.

As touched upon previously, the DAO model is a key facet of Seedify. This is a decentralized mechanism for seed funding that allows funding decisions to be made with the DAO voting system. DAO votes can be cast with the SFUND token.

SFUND has a total supply of 100 million tokens. When the project first started out, around 15 million of these tokens were put into circulation and divided into three groups as follows:

Today, there are more than 33 million tokens in circulation. SFUND has a current price of $2.17. However, the token has ranged in value from $1.54–$3.09 over the past month. The market cap for the SFUND token is approximately $72 million.

Because of blockchain gaming’s increasing popularity, Seedify is strongly positioned for the foreseeable future. Since Seedify specializes in blockchain gaming, it has a clear advantage over more generalized launchpads. For 2022, this platform is focusing on bringing new utilities to stakers, SFUND holders and yield farmers to facilitate financial freedom. The various utilities that should provide SFUND holders with more opportunities include:

At the beginning of the year, the team at Seedify anticipated that Q2 would bring completion of a large number of gaming projects, which means that Q3 and Q4 will focus on improving these products and making sure that they're polished.

Seedify is also striving to improve all aspects of their IGO Launchpad throughout the remainder of 2022. While Seedify is currently the most popular blockchain gaming platform, the company believes that there are many improvements to make in regard to:

Seedify Game Studios is a studio being created by Seedify to employ game designers, FX artists, art directors, animators and play-to-earn model designers. The purpose of this studio hasn't been announced at this time. It's believed, however, that the studio will help to improve the quality of any game that launches from Seedify.

 price will reach $4.60508 by the end of 2022, depending on how the broader market performs in the months to come. By 2025, it's estimated that SFUND will reach a minimum price of $18. This prediction is supported by companies such as CoinArbitrageBot, 

Note that SFUND’s price was below $1 in June 2022, but has since rebounded considerably and even briefly reached a price of more than $3, which indicates that the token has ample room for growth in the coming years.

You can buy the SFUND token on various crypto exchanges, including Bybit. When you want to

, the first step in this process involves logging in or 

. Once your account has been created, you’ll notice a search bar in the uppermost portion of the page.

From here, type in SFUND, which will bring you to the main price page for the SFUND token. On the right is a section that allows you to input the amount of SFUND you'd like to buy and the payment method you want to use. Once you’ve entered and confirmed all of your necessary information, you can complete your purchase.

Seedify is a great investment for anyone who's interested in blockchain games. Even though the platform is relatively new, it has already proven to be a strong incubator and launchpad for games. It's also important to understand that the blockchain gaming sector is expected to grow at a fast rate over the next few years, which is why investing in the leading platform for blockchain gaming is a good idea.

When you hold SFUND tokens, you can also earn staking rewards and participate in the governance system for the platform itself. The team at Seedify has already developed a well-planned road map that should guide the platform to future success.

Note that despite our research and prognostications, this is not investment advice. Always do your own research and perform due diligence before making any investment decisions, and remember to invest no more than you’re willing to potentially lose.

There are only a small number of blockchain gaming platforms that are currently worth your time and money. Seedify is at the top of this list. Because of the assistance that this platform provides to game developers who are currently working on blockchain games, everything Seedify does should help the blockchain game industry grow. If you want to invest in SFUND, consider doing so through Bybit.

Seedify (SFUND): The Gateway to Blockchain Gaming

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