- A researcher has discovered an impressive development on the IOTA mainnet with three tokens launched unannounced.
- IOTA has declined by 3% in the last 24 hours and 7% in the last seven days following the recent broad market liquidation.
In a recent update, CNF reported the mainnet launch of the much-anticipated IOTA Rebased Protocol as part of the broader plans to drive the network towards a fully decentralised and delegated Proof-of-Stake ecosystem. According to that report, Rebased was launched with 13 highly trusted validators. Today, several updates have been observed, marking a significant shift towards a new era.
Highlighting some of the obvious changes and introductions, a renowned influencer identified as Salima has disclosed the emergence of three tokens on the mainnet in less than 20 days. According to her, no major announcements were made. Meanwhile, these assets appear to have been suspiciously coordinated.
Shedding more light on this, Salima disclosed that the first token to appear on the mainnet is REGCOIN. Data shows that this was created 19 days ago as of the time of writing. Fascinatingly, its creation and design are very impressive with a “deny list mechanism.” According to her, this is typical of regulated tokens or institutional stablecoins.
Only one unit minted, as if marking the technical start of something bigger.
The second token found on the mainnet is the OID_TOKEN ticket. Created exactly 9 days ago, Salima explained that this appears to be linked to the decentralised identity.
While this was designed to execute complex and gas-heavy transactions, it could also be used to issue on-chain access or even credentials linked to DIDs. However, there is no publicly available metadata or information on its distribution. This implies that the project could be in a closed pilot.
On the third token, Salima pointed out that it was created 2 days ago. The Carbon Credit token is reported to have a logo, “Minter Pass” NFTs, and a system of capped credit points.
More Developments in the IOTA Ecosystem
Apart from these, the recent upgrade is reported to have had a great impact on the IOTA token with good use cases as far as staking is concerned. As highlighted in our previous news story, the Annual Percentage Yield (APY) is reported to be around 10-15%. Above all, just 1 IOTA is required to participate.
Further highlighting some of the changes, validator and staking services provider StakingCabin has confirmed that the network has successfully moved away from the previous operation, which was supported by the centralised components for network validations, as detailed by CNF.
Meanwhile, the much-anticipated IOTA Identity is reported to be mainnet-ready as the v1.6-beta goes live. According to an official blog post, this could address several challenges across different industries, including Healthcare and Finance, as noted in our earlier news coverage.
Cryptographic verification ensures authenticity, while standardised formats enable seamless interoperability. Whether for personal credentials, business transactions, or IoT authentication, IOTA Identity fosters cross-platform trust with a user-centric model.
Amidst the backdrop of this, IOTA has declined by 3% in the last 24 hours and 7.6% in the last seven days to trade at $0.17. According to our recent analysis, the asset could soon hit $0.3.
