As the year comes to an end, this week represents the final chance for teams to unveil significant developments in 2018. While most teams are on holiday, a few projects are taking the opportunity to make major announcements that should result in an increased amount of attention and highlight the ongoing development of their project.

TenX (PAY)

TenX incorporates the PAY digital token with the goal of enabling users to spend digital currencies anywhere. The goal of the TenX project is to bridge the gap between digital and fiat currencies, and the TenX card and app enable the user to perform merchant transactions and pay for goods and services. TenX is compatible with a wide range of digital currencies including Bitcoin, Ethereum and Dash, as well as ERC20 tokens.

Why TenX?

The team have announced the unveiling of a new ERC-20 rewards token called the TenX token that will be dispersed to eligible members of the TenX community. The TenX token will incorporate features of an ERC-1462 token, and pay rewards depending on factors such as TenX Pte Ltd’s earnings, financial position, cash flow, capital needs and general business conditions.

An announcement of the timing and amount of rewards to be paid will be made every quarter, and a snapshot of all PAY token holders on the Ethereum blockchain has been taken on the 30th of December 2018 at 10:00 pm SGT (GMT+8), with the first Ethereum block that gets mined during that minute.

Elastos (ELA)

Elastos is an ambitious smart web project that aims to build a safe and reliable decentralized version of the internet. By utilizing the blockchain, the team provide a secure environment where decentralized applications can run while being detached from the internet. Elastos also enables the ownership and exchange of personal data and digital assets.

Why Elastos?

The team are close to releasing a Ledger Nano app that will allow ELA holders to utilize the popular hard wallet in order to secure their funds. The release is scheduled to take place sometime after December 30 and will allow ELA holders to move away from using the web wallet provided by the team. This release may help to make ELA more attractive to long term holders.

SONM (SNM)

SONM is a universal supercomputer and provides cloud services based on distributed consumer level hardware such as PCs, mining equipment, and servers. Platform users can rent out their hardware or use someone’s computing power for intensive tasks such as video rendering and game playing, with trades taking place via the SNM token.

Why SONM?

The team are in the middle of completing a significant number of developments including enabling bank card purchases, and fiat currency bank transfer options for corporate clients. They are also launching a Referral System that rewards network users with a 3% payout from deals made by clients they have referred to the platform. This is on top of the launch of the fog computing early adopters support program which comes with a bonus of up to 10,000 tokens to start testing the platform.

Q1 of 2019 will also see the team introduce PoS gate masternodes to the SONM blockchain (cross-chain interconnect) and any token holder with at least 100,000 SNM tokens can become a part of the SONM infrastructure.

How did last week's coins perform?

Last week’s coins experienced mixed results, as TRX fell by 6.5% and is currently trading at around $0.02. MAN experienced a more significant loss and fell by 23% and is currently trading at $0.08. GNX experienced a fall of 13% in value, and is currently trading at $0.01. Over the course of the week, the total cryptocurrency market cap declined