Mt. Gox Trustee Announces One-Year Extension for Repayment Deadline
Nobuaki Kobayashi, the rehabilitation trustee for Mt. Gox, has officially pushed back the repayment deadline for the beleaguered exchange’s creditors. Originally slated for October 31, 2023, the new date has been extended to October 31, 2024, raising questions about the estate’s solvency and impact on the broader cryptocurrency market.
The Details of the Extension
Kobayashi issued a letter dated September 21 detailing the conditions for the extension. With the approval of the Tokyo District Court, the trustee has elongated the timeline for the base repayment, early lump-sum repayment, and intermediate repayment. While Kobayashi hinted that some repayments could commence by year-end for those creditors who have furnished necessary information, he also left the door open for further delays, stating, “the schedule is subject to change depending on the circumstances.”
Mt. Gox’s Dubious Legacy
For those new to the crypto scene, Mt. Gox was not just another exchange; it was the exchange, handling more than 70% of all Bitcoin transactions at its peak. However, its legacy was ruined by a colossal hack in 2011, leading to its eventual collapse in 2014. The event left a crater-sized hole in the cryptocurrency ecosystem, affecting roughly 24,000 creditors and vaporizing 850,000 BTC—approximately 4% of all Bitcoin that will ever exist.
As it stands, Mt. Gox estate has holdings of 142,000 Bitcoin, 143,000 Bitcoin Cash, and a staggering 69 billion Japanese yen. In dollar terms, the bankrupt exchange is slated to return more than $5 billion to its creditors. This amount breaks down to approximately $3.84 billion in BTC, $30 million in BCH, and $465 million in yen. These numbers could notably sway the crypto markets once liquidated, a factor that traders and investors should keenly watch.
A Decade of Waiting Continues
The creditors, many of whom have been in limbo for nearly a decade, are now shackled to another year of uncertainty. The latest extension is particularly infuriating for them as it creates a cascading delay that may affect the liquidity and value of their pending assets.
While the Mt. Gox saga has always loomed large over the cryptocurrency landscape, this new development could have nuanced effects on Bitcoin and other digital assets. The postponement of repayments could momentarily alleviate downward pressure on Bitcoin prices, as a massive liquidation is avoided for now. However, the continuous postponement also maintains a cloud of uncertainty that may deter new institutional investors from entering the space.
Optimism Announces a $26 Million OP Token Airdrop for DAO Participants!
Optimism, a layer 2 network built on the Ethereum network, has announced its third OP token airdrop, worth $26 million, to 31,870 addresses that participated in delegation activities of its DAO, the Optimism Collective. The rewards were based on the number of tokens delegated by a user and the duration for which they were held. A minimum threshold of 18,000 units was set, and to ensure a fair distribution, rewards were capped at 10,000 OP tokens for each address. The airdrop was aimed at increasing engagement on the platform and rewarding user participation.
Equation Announces Pre-launch in September, ReDeFining Perpetual Trading with BRMM Model
Equation, a pioneering decentralized perpetual protocol, is set to revolutionize perpetual trading with its groundbreaking BRMM model and commitment to fairness through a complete Fairlaunch approach.
The project is founded by experienced crypto trader 0xfermat and aims to redefine the trading experience by prioritizing user demands. Delivering a seamless, transparent, and trustless environment. With its upcoming pre-launch in September, Equation is poised to offer traders and Liquidity Providers (LPs) up to 200x leverage, access to near-unlimited liquidity, and enhanced capital efficiency on the Arbitrum network.
Visionary Origins
Equation‘s journey began with its visionary founder, known as “0xfermat” across social networks. Previously, he served as an algorithm engineer at a prominent algorithm-driven company. And later founded a financial technology company offering insurance actuarial and risk management solutions for banks and enterprises. Subsequently, he ventured into the world of cryptocurrency as a professional trader.
The impact of the FTX event on his life and finances led 0xfermat to make a crucial decision. He resolved to establish a fully decentralized on-chain protocol to combat the infringements on market and individual rights caused by centralized exchanges and “dictators”. Undertaking the creation of Equation’s underlying protocol single-handedly, 0xfermat has been instrumental in shaping the project’s foundation.
With a strong belief in decentralization, anonymity, and open-source architecture, 0xfermat steered Equation towards becoming a community-driven initiative. Operating as a DAO, the team consists of skilled individuals with robust technical backgrounds and superior trading expertise. Embracing the decentralized ethos, Equation’s team members maintain anonymity, ensuring a level playing field for all participants.
Fairlaunch Principle
Equation’s token emission will strictly adhere to Fairlaunch principle, eschewing institutional investors for mining-based token generation. This approach aligns with its commitment to fairness and equal opportunities for all participants. Token holders will not only have a voice in community governance but can also stake their tokens to earn a share of the protocol’s fee distribution. Fostering a sense of ownership and providing long-term incentives for engagement. This community-driven approach strengthen the protocol’s foundation and ensure a fair and inclusive ecosystem for all.
Innovative BRMM Model
Equation has pioneered the Balance Rate Market Maker (BRMM), an innovative Automated Market Maker (AMM) model, especially tailored for the perpetual contract market. Thanks to BRMM, Equation can offer traders and liquidity providers (LPs) unprecedented leverage of up to 200x. Traders can access larger positions and near-unlimited liquidity. Simultaneously, LPs benefit from enhanced capital efficiency, creating a win-win situation for all participants.
Diverging from traditional spot market AMMs, BRMM adopts a unique mechanism centered around the balance rate of the liquidity pool. Which results in more efficient price discovery and expanded market-making opportunities. In the BRMM model, liquidity providers (LPs) willingly accept the risk of temporary and manageable liquidity pool imbalances in exchange for the platform’s generous fee income. This ingenious approach empowers LPs to participate in market-making flexibly, providing deeper capital pool depth and ensuring traders benefit from a more stable trading experience.
By introducing BRMM, the perpetual contract market has witnessed heightened liquidity and improved price discovery functionalities, all while safeguarding the interests of LPs. This novel AMM model is anticipated to accelerate the perpetual contract market’s growth, ushering in greater innovations and opportunities within decentralized finance (DeFi).
Quote
“I launch Equation because I want to redefine perpetual trading by delivering a seamless, transparent, user-friendly trading experience, prioritizing user demands and streamlining a clear interface with minimal process. Equation is committed to providing a trustless transaction environment that enables users to achieve financial freedom.” — 0xfermat, Founder of Equation
Closing
The upcoming pre-launch for Equation in September brings anticipation and excitement, as traders and LPs gear up to experience the next level of perpetual trading on the Arbitrum network. Join Equation on its journey to redefine the trading landscape and unlock new opportunities in the crypto space.
About Equation
Equation is a decentralized perpetual protocol built on Arbitrum. With its innovative BRMM model, Equation provides both traders and Liquidity Providers (LPs) with up to 200x leverage, enabling traders to access larger positions and near-unlimited liquidity while enhancing capital efficiency for LPs. Being one of the pioneering trader-oriented DeFi protocols, Equation stands as a testament to the power of community-driven innovation in shaping the future of decentralized finance. It prioritizes security and transparency, providing traders with a reliable and secure environment for perpetual trading participation.
Media Contact
Company: EquationDAO
Contact: Equation Media Team
Team Email: [email protected]
Social Links
Twitter: https://twitter.com/EquationDAO
Medium: https://medium.com/@EquationDAO
Discord: discord.gg/ywFrewsxBH
Telegram: https://t.me/EquationDao
Country, City: Singapore, Singapore
ZTX Announces Exclusive Digital Wearables Collection with Dust Labs
A virtual world ZTX has just announced a special, one of a kind wearables collection in collaboration with Dust Labs – an innovative startup that was behind the launch of DeGods and y00ts. With the launched collection, ZTX plans to offer exclusive, branded wearables that users can access through the ZTX Avatar Builder – a web app where users can create customizable 3D avatars as their “online persona” and use it throughout the ZTX 3D virtual world.
Through the announced partnership with Dust Labs, ZTX will allow DeGods holders to claim DeGods-branded items such as hoodies and sweatpants that they can use in the Avatar Builder. The function will be featured in the ZTX virtual world and will incentivize users – it will reward community members with a number of 3D virtual assets.
Commenting on the partnership and the launch, ZTX Co-CEO Chris Jang said that it signifies the first of many community initiatives that the company will be taking to enhance opportunities and “build advanced functionalities for creators and users over the months and years to come.”
Dust Labs CEO Kevin Henrikson added that this collaboration is a testament to Dust Labs’ global ambitions. “We are enhancing the utility of the DeGods collection and opening new doors of opportunity and innovation for collectibles and digital assets of all kinds by offering our community members unique digital assets such as partner wearables and are creating immersive experiences for token holders that truly set our offerings apart,” he said.
By customizing wearables through seamless applications and by building community traction ZTX allows digital collections to expand their digital footprints without the need to build their own apps. After this first partner wearables collection launch ZTX says it will announce the private beta of its 3D open-world application and Genesis Home Mint – a collection of “4,000 bespoke 3D homes” that have many unique features for users – including earning income, access to future drops, games and many other.
Golteum’s (GLTM) Announces Groundbreaking Move To Join Chainlink BUILD
In a very exciting announcement, Golteum has joined Chainlink via the BUILD program which would allow it to leverage both technical and marketing support provided by Chainlink.
Golteum is a blockchain-based platform that enables tokenizing physical gold and other precious metals, allowing users to own, trade, and digitally store tokens backed by precious metals.
It provides a secure and transparent ecosystem where individuals can easily access and invest in precious metals without fearing volatility or losing their prized assets. It has a utility token called GLTM, which is used to access the platform and all its other features.
Golteum aims to be a trusted trading platform and a more accessible avenue for precious metals investing, which drove its alliance with Chainlink.
As a term of the BUILD agreement, Golteum will allocate 4% of its native token supply to the Chainlink community and its service providers, including stakers. This symbiotic economic model fosters support between the Golteum and Chainlink communities, aligning their interests for mutual benefits.
Benefits of Chainlink on the Golteum Ecosystem
Chainlink’s proof of reserve mechanism will seamlessly integrate with Golteum’s supplier network, enabling continuous & real-time verification of reserves. By utilizing Chainlink’s Industry leading Oracle framework, Golteum gains access to reliable and accurate pricing data for precious metals, facilitating the swift adoption of physical assets on the blockchain.
Additionally, Golteum gains access to Chainlink’s alpha and beta releases, empowering them to explore and utilize the latest advancements in Chainlink’s product offerings.
Be Early On Golteum
By harnessing the power of Chainlink’s robust services, Golteum unlocks a range of integration benefits that elevate its platform to new heights.
One key advantage lies in Chainlink’s decentralized oracle network, which safeguards data feeds and introduces randomness through independent nodes. This multi-node approach minimizes the risk of a single point of failure, enhancing the overall security and reliability of Golteum’s gold token ecosystem.
Through the automation capabilities of Chainlink, Golteum streamlines crucial processes within its smart contracts, reducing the need for manual intervention and optimizing operational efficiency. This automation not only enhances platform performance but also delivers an improved user experience.
Moreover, Golteum leverages Chainlink’s Verifiable Random Function (VRF), ensuring the creation of secure and verifiably fair random numbers. This feature is particularly valuable for applications that require unpredictability, such as conducting transparent giveaways or running unbiased lotteries. By integrating Chainlink VRF, Golteum guarantees the integrity of such processes, providing users with a transparent and tamper-proof experience.
To reinforce its security measures, Golteum’s smart contract has undergone rigorous scrutiny and certification by Certik, a leading blockchain security company. Additionally, Golteum boasts a highly capable team comprising specialists and strategic consultants, with six team members having completed Certik’s KYC process and earning the esteemed Silver badge.
To further enhance security and custodial services, Golteum is working with Fireblocks, a trusted blockchain infrastructure provider, ensuring the safe storage of funds on the platform.
Through these strategic collaborations and cutting-edge integrations, Golteum sets itself apart, establishing a robust and secure ecosystem that instils confidence and empowers users to embrace the future of digitized precious metals investments.
Don’t miss out on this extraordinary opportunity to participate in Golteum’s events prior to launch and be part of the future of precious metals tokenization.
Join the Golteum community:
Sensorium Announces First-Ever NFT Drop: Avatars Collection on Polygon
Up-and-coming Web3 developer, Sensorium, has announced its long-awaited NFT collection with the forthcoming drop of the SENSO DAPP NFT collection. 10,000 AI-powered avatars will be up for grabs as part of a multi-stage drop event set to kickoff in July.
Sensorium is also revealing that holders of its in-platform token, SENSO, will be having the opportunity of claiming avatars for free, adding another layer of anticipation for members of its growing SENSO community.
In an announcement, Sensorium has detailed how its first-ever NFT will unfold, emphasizing the benefits of holding a SENSO DAPP avatar for potential buyers as a key gateway into the platform’s growing virtual spaces, collectively known as Sensorium Lab.
The 10,000 NFT collection will be minted on Polygon blockchain and will see a yet-to-be disclosed number of avatars being made available in the first stage. To qualify for the free minting, users will have to hold at least 1500 SENSO tokens on-chain (in a cold wallet) before July 11. More details may be found here.
The drop will allow the SENSO community to unlock perks and benefits that they’ll be able to enjoy across the Sensorium ecosystem. DAPP avatars will be ranked according to the rarity of their traits – Casual, Exclusive and Premium -, and the company says they have been designed with enhanced utility in mind as buyers can expect to use their NFTs to play the SENSO DAPP card game, or as a unique skin in the VR metaverse.
In addition, DAPP avatars can be used to explore the growing worlds of Sensorium, including Sensorium Arc and the platform’s VR environments. Details are available on the SENSO DAPP website.
Sensorium’s first-ever NFT drop comes on the back of other major Web3 announcements by the developer, including SENSO’s updated tokenomics, the unveiling of the decentralized platform Sensorium Arc, and the addition of OKX’s former CEO Jay Hao to the company’s Expert Advisory Board.
Mastercard Announces Plans to Broaden Crypto Card Program
As the financial landscape continues to embrace cryptocurrencies, Mastercard is making a move to stay ahead of the curve. In a recent announcement, the global payments giant revealed plans to expand its crypto card program, allowing for more seamless integration of digital currencies into everyday transactions. The decision to expand Mastercard’s crypto card program comes as the company recognizes the growing demand for cryptocurrency-related products and services.
Mastercard Seeks More Partnerships To Expand Its Crypto-Card Plans
Mastercard, the multinational financial giant, is preparing to extend its cryptocurrency payment card program by actively pursuing collaborations with a greater number of crypto firms. The company’s Head of Crypto and Blockchain shared this development as digital currencies continue to garner attention from regulators and traditional banks become increasingly cautious.
In its mission to incorporate cryptocurrencies into the mainstream, Mastercard has already teamed up with leading crypto exchanges such as Binance, Nexo, and Gemini. These partnerships have allowed the company to offer crypto-linked payment cards in select countries. Cards linked to Binance, for example, enable users to make payments in fiat currencies using their cryptocurrency holdings on the exchange.
Raj Dhamodharan, Mastercard’s head of crypto and blockchain, said:
“We have dozens of partners around the world who offer crypto card programs and they continue to expand. Providing access to crypto in a safe way is also part of our value proposition, and we’re continuing to do that.”
Mastercard Ensures Complete Regulation Before Launching Crypto-Cards
As banks become increasingly cautious of cryptocurrency clients, the sector faces heightened scrutiny following the collapse of several major crypto firms last year, including the bankruptcy of the prominent exchange FTX. Meanwhile, U.S. regulators are intensifying their efforts to address the market’s perceived lack of compliance.
In March, the U.S. Commodity Futures Trading Commission filed a lawsuit against Binance, the world’s largest crypto exchange. The regulator accused Binance of operating an “illegal” exchange and a “sham” compliance program. Binance CEO Changpeng Zhao, however, responded to the complaint by asserting it presented an “incomplete recitation of facts.”
While not commenting on Binance specifically, Dhamodharan assured that any card program “goes through full due diligence” and is subject to ongoing monitoring.
Major banks, such as Santander and NatWest, have imposed limits on the funds UK customers can transfer to cryptocurrency exchanges as a protective measure against scams and fraud.
When questioned about the possibility of Mastercard imposing restrictions on the amount of money that could be transferred to crypto exchanges via its payment network, Dhamodharan responded,
“We’re not here to pick winners. We’re not here to pick which transaction should happen or shouldn’t happen.”
Dhamodharan emphasized that users of Mastercard’s network undergo numerous compliance checks and also mentioned that the company has invested in cutting-edge crypto analytics technology. Dhamodharan said,
“Mastercard is really quite enthusiastic about the underlying blockchain technology that powers cryptocurrencies. We think more and more regulated money will come to this.”
Breaking: UK Tax Authority Announces DeFi Lending And Staking Tax Reforms To Avoid Tax Evasion
The decentralized finance (DeFi) space has been the subject of much interest and intrigue among investors and regulators alike. Its ability to facilitate rapid and anonymous financial transactions has raised eyebrows, particularly when it comes to avoiding taxes.
Governments worldwide are now taking a closer look at DeFi platforms and proposing new regulations to curb tax evasion and ensure transparency in the crypto industry. In response to recent crypto market failures and growing concerns over tax evasion, the UK’s tax authority, HM Revenue and Customs (HMRC), has proposed changes to the tax treatment of DeFi lending and staking.
HMRC Takes Aim At DeFi Tax Loopholes
The UK’s tax authority, HM Revenue and Customs (HMRC), recently announced that they are seeking public input on proposed changes to the tax treatment of decentralized finance (DeFi) lending and staking.
The announcement follows a 2022 call for evidence, with the authority citing recent crypto market failures, such as the collapse of the FTX exchange, as reasons for increased regulatory scrutiny in the sector.
Global regulators have been closely monitoring DeFi, as policymakers have identified specific risks associated with the technology. These risks include cybersecurity threats, technical vulnerabilities, and growing interdependence between traditional and decentralized financial systems. Additionally, policymakers have noted a lack of safety nets during times of market stress, further fueling their concerns.
Under the present regulations, DeFi transactions may be classified as disposals, allowing lenders or liquidity providers to write them off as gifts or sales, even when the ownership of the asset remains unchanged. The consultation document mentions:
“This can lead to tax outcomes that do not reflect the underlying economic substance, and to a tax liability from a transaction where no gain has been realized in a form which can be used to meet the liability. The need to determine and record the market value of assets at each step in the transaction may also give rise to a disproportionate administrative burden.”
UK Ensures No Tax Evasion In DeFi Transactions
The proposed alterations would ensure that DeFi transactions are not considered disposals for tax purposes, only occurring when crypto assets are “economically disposed of in a non-DeFi transaction,” according to the consultation. The new framework might also classify all DeFi returns as revenue in nature, subjecting them to a “new miscellaneous income charge” in order to reduce administrative burdens.
Although the proposed framework primarily targets DeFi lending and staking, it is also intended to apply to centralized finance (CeFi), where crypto lending or staking is facilitated through intermediaries.
The HMRC has previously adapted existing tax rules for crypto, including offering a tax break for foreign investors purchasing crypto through local agents. The consultation will be open for eight weeks, concluding on June 22.
With transactions happening autonomously and across decentralized networks, tracking and taxing DeFi transactions has proven to be an uphill task. One major hurdle for the government will be the complex nature of DeFi transactions. Smart contracts that power DeFi platforms execute transactions without the need for a central authority or intermediary.
Another challenge that the government will face is the borderless nature of DeFi transactions. Cryptocurrencies can be traded and transferred across borders with ease, making it difficult for authorities to determine the tax jurisdiction for DeFi transactions.
HMRC’s proposal to reform the tax treatment of DeFi lending and staking signals a growing awareness among regulators of the unique challenges and opportunities presented by the DeFi space. As the DeFi ecosystem continues to be on an upward road, it is crucial for governments and regulators to work together to develop clear and comprehensive frameworks that promote transparency, protect investors, and maintain the integrity of the financial system with zero tax evasion.
Algorand Announces Web2 To Web3 Migration Tools, Cardano Soft Launches Blockchain Education Platform And TMS Network Introduces The Best Presale
With many analysts anticipating a bull run to arrive eventually, now is the ideal moment to include a crypto asset in your investment portfolio. And because of this, investors and experts alike have been enamoured by TMS Network (TMSN), a project in Stage 2 of its presale that some say will be the best investment option of 2023. But how will it compare to cryptos such as Algorand (ALGO) and Cardano (ADA)? Let’s see!
Algorand (ALGO)
AlgoKit, a suite of tools for programmers created by Algorand (ALGO), intends to speed up the development of Web3 applications and entice developers with experience in more traditional languages to adopt Algorand (ALGO).
However, this news did not help the Algorand (ALGO) performance on the price charts, as it is now worth $0.2162, falling 0.17 over the past day. On a positive note, the trading volume for Algorand (ALGO) shows that interest in it still exists, with a jump of 28% in that same time as it sits at $53,042,136.
Bullish analysts predict that Algorand (ALGO) could rise to $0.28 soon, but any surges beyond that would not be noteworthy as it still lacks the real-world utility that could push it to the top.
Cardano (ADA)
Cardano (ADA) recently launched the Alpha version of its Blockchain Education program, which already has over 600 sign-ups. This program will include open-source transcripts making translation simple for each Cardano (ADA) user.
This news sparked a small rally for the Cardano (ADA) coin as it trades at $0.385, up 1.41% in the last 24 hours. However, when looking at the technical analysis for Cardano (ADA), we notice a bearish pattern forming with all of its technical indicators and moving averages showing sell signals.
Experts foresee a $0.45 valuation for Cardano (ADA) before consolidating, which has made many token holders seek out new projects that could be more profitable in the long run.
TMS Network (TMSN)
TMS Network (TMSN) will be a one-of-a-kind Ethereum-based, decentralized trading platform allowing all users to purchase or sell all derivatives without needing FIAT payment – simply link your crypto wallet, and you can begin trading!
TMS Network’s primary goal is to uphold reliability, safety, and anonymity in all trading operations on the platform. And thanks to blockchain technology, all of those goals are easily achievable! Smart contracts will control all trade-related actions on the TMS Network (TMSN), and on-chain analytics will help you on your trading journey!
Not only that, TMS Network (TMSN) enables traders to streamline their trading methods and cut down on the amount of time needed to maintain their portfolios by giving traders access to a variety of trading bots and a strategy builder.
The platform has attracted much interest since its presale has advanced faster than expected. For just $0.05 you can obtain governance voting rights, commissions from each trade on the platform, and much more – an excellent bargain!
But do not hesitate as this price won’t be available for much longer, with some experts predicting that TMSN could pass $1.10 by the time its presale concludes. We believe that TMS Network (TMSN) could change the entire trading industry, and you can be an early part of it by signing up for its presale below!
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetworkio
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Top Project NFT Inspect Announces Return Two Months After Shutting Down
NFT Inspect, a Web3 social intelligence platform that specializes in NFT market analysis, has said it is back in business, via a tweet, on March 24. Previously, NFT Inspect announced on January 4 that it would shut down its operations completely by January 17.
However, the team did say the shutdown may not be irreversible. “We are so grateful for the outpouring of support following our recent announcement. Several parties have come forward with alternative solutions to our original plan of shutting down. As such, we’re deferring shutdown to allow those conversations to continue,” NFT Inspect noted on Jan 11th.
While it is unclear why NFT Inspect decided to get back on track now, the community had been very supportive and offered help. For instance, Twitter user @Hantao, a cofounder at QU3ST_io, offered to utilize the project’s technology for some Web3 games in development. Another Twitter user, @elliottrades, a developer at SuperVerseDAO, offered undisclosed help to the NFT Inspeact team.
NFT Inspect Market Outlook
The announcement to reopen NFT Inspect operation has sparked a lot of attention from the community members, as the Twitter comments section shows. NFT Inspect brought together over 1,000 NFT communities and generated over 175K new NFT connections during its first tenure.
NFT Inspect highlights NFT collections and provides crucial data, including the total number of NFT holders, floor price, total volume and total items in each NFT project. Additionally, the NFT Inspect website provides a collection comparison feature to help users analyze different metrics, including social media following and uniqueness, among others.
According to experts, NFT Inspect has the potential to shake up the worldwide NFT market as it utilizes artificial intelligence (AI) to allow NFT enthusiasts to explore digital artworks on Twitter.
The 2022 cryptocurrency winter took down several very large crypto projects. Additionally, the global crypto regulatory crackdown significantly discouraged many developing teams, which resulted in shutdowns and rug pulls. As a result, some crypto projects with potential growth prospects were forced to cut down their workforce, raise more funds or partner with other projects to survive.
With the ongoing global banking crisis, which has seen the collapse of three regional banks in the United States in a matter of weeks, investors’ confidence in the blockchain, digital banking and cryptocurrency industries has been on the rise. As a result, money flow to the altcoin market is expected to spike, which includes the non-fungible tokens (NFT) industry that is NFT Inspect’s primary niche.
Revolutionary Presale HedgeUp (HDUP) Announces Daily Giveaway, While Axie Infinity (AXS) and Flow (FLOW) Continue to Sink
Tokens like Axie Infinity (AXS) and Flow are burning many investors who bought at the peak of the hype cycle and leaving those that still have holdings with increasingly heavy bags.
This situation is going to stay the same for Axie Infinity (AXS) and Flow (FLOW).
However, there is still plenty of bullish sentiment for tokens with real, tangible utility and unique value propositions like HedgeUp (HDUP) as it enters its second presale stage. Let’s see what HedgeUp (HDUP) will do better than Axie Infinity (AXS) and Flow (FLOW) moving forward.
HedgeUp (HDUP)
Previously, small-time investors needed access to lucrative investment opportunities in the alternative investment market due to capital limitations and the dominance of wealthy investors.
HedgeUp (HDUP) is a blockchain investment platform that plans to address these limitations of the alternative investment industry using equity-backed NFTs.
The company aims to achieve this by minting fractionalized NFTs backed by real assets and then offering the NFTs to regular investors for as low as $1 on its platform.
The HedgeUp (HDUP) ecosystem has several features, such as the Launchpad, where investors can access new opportunities, an exchange for trading tokens, a swap, a wallet to store your tokens securely, and a metaverse to be launched soon.
One thing driving the demand for HedgeUp (HDUP) tokens is the function the project serves in the alternative investment and crypto market.
Security is a core feature of the HedgeUp (HDUP) platform. All transactions are automated by secure smart contracts that have been audited by top audit companies, Solidity Finance and CoinSniper, for security and trust.
HedgeUp (HDUP) is currently holding its second presale stage; many crypto analysts have predicted that the price of the HDUP token will increase by over 100% before the end of 2023. Do not miss this golden opportunity ahead of the token’s exchange listing.
Axie Infinity (AXS)
Axie Infinity (AXS) is a turn-based card game built on the Ethereum network that allows players to breed, raise, battle, and trade Axie creatures.
Axie Infinity is a Tamagotchi and Pokémon-inspired game that utilizes NFTs to represent unique creatures, abilities, land plots, and other in-game assets.
Players can earn two tokens, Small Love Potions (SLP) and Axie Infinity Shards (AXS), by playing Axie Infinity in either Arena or Adventure modes.
AXS is the platform’s native token, also serving as a governance token, allowing token holders to vote on the future development of the gaming experience.
Axie Infinity (AXS) gained massive followers during the Covid-19 pandemic as many people looked for ways to keep themselves busy and alternative sources of income.
Today, Axie Infinity (AXS) has lost most of its players and investors. That led to the AXS token price losing almost 95% of its value, from a peak of $165 in 2021 to less than $9 as of March 2023.
Flow (FLOW)
Flow (FLOW) is a decentralized and developer-friendly platform. The project is designed as a foundation for the new generation of applications, games, and digital assets.
The Flow project is based on the framework that attains the required performance for mainstream applications. This performance is achieved without compromising its decentralization.
Therefore, a developer can build secure applications to help people around the world. The network is designed as the base of a new digital economy governed and owned by the users.
The project empowers the developers to build cryptocurrency-enabled businesses, as it intends to keep consumers in control of their data.
It also aims to provide the flexibility to developers to create digital assets and content that can be traded on any open market accessible worldwide.
At the height of the bull run in 2021, Flow (FLOW) token prices peaked at $39.15, to the delight of early investors.
However, since 2022, Flow (FLOW) has gone on a terminal freefall, losing over 90% of its value. As of March 2023, FLOW trades around $1.05, indicative of investors’ lack of belief in the long-term viability of the project.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
Filecoin (FIL) Announces FEVM while Arweave (AR) Is at A Decline and TMS Network (TMSN) Passed Stage 1 Of Its Presale
Staying in the loop about the latest and greatest blockchain-based projects is essential for any serious cryptocurrency trader and investor aiming to make a solid portfolio filled with high-growth potential altcoins.
Recently, Filecoin (FIL), Arweave (AR), and TMS Network (TMSN) have all been a point of discussion for a lot of them. However, each cryptocurrency has performed differently.
Today, we will dive into what makes these projects stand out and why investors might have been eyeing or avoiding them.
Filecoin (FIL)
Filecoin (FIL) gathered a lot of attention upon the announcement surrounding the Filecoin Ethereum Virtual Machine (FEVM).
On Twitter, the development team behind the project announced that the launch would occur on March 14, 2023.
The EEVM being built for FIlecoin will bring smart contracts and user programmability to the network. Additionally, it will also lead to enhanced usability.
On March 8, 2023, Filecoin (FIL) was trading at $5.73. This indicates a decrease of 17.59% in the last seven days and a decrease of 2.43% in the last 24 hours. Based on the performance of the cryptocurrency, the cryptocurrency has entered a red zone.
Investors might be prompted to look at alternative cryptocurrencies as a result of this decrease.
Arweave (AR)
Arweave (AR) is another cryptocurrency that investors and traders have discussed, but things have not been looking too bullish for the cryptocurrency. In fact, the situation is bearish, as AR has decreased by 21.28% within the last seven days.
As of March 8, 2023, Arweave (AR) is trading at a value of $8.01. In the last 24 hours alone, the cryptocurrency decreased by 6.06%.
Based on the analytical data, AR as a cryptocurrency is headed toward a downward momentum, and there are no guarantees that it can kick back up in terms of its value.
TMS Network (TMSN)
TMS Network (TMSN) is a newer blockchain-based project that has completed the first stage of its presale and has grabbed the attention of investors and traders looking for ways through which they can diversify their portfolios after the decrease of the cryptocurrencies mentioned above.
The project can revolutionize the trading industry’s operations by becoming a decentralized platform where anyone globally can access numerous trading features, including stocks, FX, and CFDs with crypto, all from a single location.
With the TMS Network (TMSN), anyone can buy or trade any derivative, which is available without an account creation requirement. All anyone can do to access the platform is to connect their wallet, and afterward, they will have the opportunity to get its native token, the TMNS token.
There are unique features that help TMS Network (TMSN) differentiate itself from competitors, such as the Copy Trader Feature as well as MT4 or MT5.
Stage 2 of the presale has started and has already managed to reach 50%, where the value of TMNS is $0.032. By getting into the project early, investors can take part in a project that can assert itself as an industry leader, and some analysts have predicted its value to increase to $2.20 by December 2023. Any investor or trader curious about interacting with the token and ecosystem can follow the links below.
For more information on TMS Network, please check out the following links below:
Presale | Whitepaper | Telegram | Discord | Twitter
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Huobi Global Announces $100 Million Investment in Liquidity Fund to Enhance Multi-Currency Liquidity
Singapore / March 10, 2023 / Huobi has announced a $100 million Liquidity Fund with the aim of enhancing currency liquidity across several markets. The purpose of this action is to reinforce the seamless flow of liquid assets through the Huobi platform. By allocating these funds, Huobi intends to improve cross-border transactions involving diverse digital tokens or fiat currencies worldwide by promoting greater fluidity. As a crucial goal for this initiative, traders will benefit from easier access to funds as they engage frequently in buying and selling activities on exchanges.
Huobi has put together a plan to create a liquidity fund that will see $100 million US dollars deposited in order to improve the platform’s liquidity capabilities. The announcement was made following some market turbulence caused by leveraged liquidations initiated by only a handful of users on the platform recently. H.E. Justin Sun expressed regret over the consequences resulting from a handful of users’ leveraged liquidation on the market.
Furthermore, Sun pledged to enhance liquidity depth for key cryptocurrencies and HT tokens while bolstering leverage risk alerts and capacity for available funds in an effort to reassure clients who rely on them. In recognition of its responsibility towards investors, Huobi has deposited $100 million USD as additional funding support through a new liquidity fund initiative.
The spot and HT contract markets experienced a series of forced liquidations that resulted in recent market fluctuations. A few users triggered this cascade, which caused leveraged liquidations to occur as well. Despite these events, there is no need for concern about the safety of Huobi exchange’s operations or wallets since they remain secure. Furthermore, all work continues at an even pace without any unexpected incidents occurring thus far. This clearly shows how the current fluctuations are just part of normal market behavior patterns.
Huobi is making strides in enhancing their platform and user experience with a fresh liquidity fund. The objective of this investment will be to heighten the multi-currency liquidity on offer, ultimately improving ease-of-access for traders across global markets. This strategic move promises advantageous positioning within Huobi’s competitive cryptocurrency exchange market sector as well.
Sun expressed empathy towards Huobi users, acknowledging that the turbulent market changes have induced stress among them. This announcement is a promise to undertake measures aimed at mitigating these fears for their benefit. Additionally, Sun reassured the community of his resolve in keeping up with all developments regarding this issue, and will provide regular updates on any progress made moving forward. Huobi is dedicated to ensuring their platform is secure and dependable for those engaging in cryptocurrency trades. Huobi will bear all leverage-through position losses on the platform resulting from this market volatility event of HT token.
Huobi’s efforts towards enhancing the user experience are ongoing, with continuous strides taken towards improving the functioning of the platform. With additional support from their liquidity fund, Huobi looks forward to providing even more significant benefits while fortifying its presence as an esteemed hub for cryptocurrency exchange activities. Sun expressed his confidence in the actions being taken to enhance user experience and establish a safer, dependable cryptocurrency trading platform. He believes that these measures will result in more satisfied users who can trust the Huobi platform with ease.
About Huobi
Founded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation and other areas. Huobi serves millions of users across international markets. Please refer to Huobi’s official website for more information: www.huobi.com
Media Contact
Michael Wang [email protected]
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for sponsored purposes only. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Huobi Global Announces $100 Million Investment in Liquidity Fund to Enhance Multi-Currency Liquidity
Singapore / March 10, 2023 / Huobi has announced a $100 million Liquidity Fund with the aim of enhancing currency liquidity across several markets. The purpose of this action is to reinforce the seamless flow of liquid assets through the Huobi platform. By allocating these funds, Huobi intends to improve cross-border transactions involving diverse digital tokens or fiat currencies worldwide by promoting greater fluidity. As a crucial goal for this initiative, traders will benefit from easier access to funds as they engage frequently in buying and selling activities on exchanges.
Huobi has put together a plan to create a liquidity fund that will see $100 million US dollars deposited in order to improve the platform’s liquidity capabilities. The announcement was made following some market turbulence caused by leveraged liquidations initiated by only a handful of users on the platform recently. H.E. Justin Sun expressed regret over the consequences resulting from a handful of users’ leveraged liquidation on the market.
Furthermore, Sun pledged to enhance liquidity depth for key cryptocurrencies and HT tokens while bolstering leverage risk alerts and capacity for available funds in an effort to reassure clients who rely on them. In recognition of its responsibility towards investors, Huobi has deposited $100 million USD as additional funding support through a new liquidity fund initiative.
The spot and HT contract markets experienced a series of forced liquidations that resulted in recent market fluctuations. A few users triggered this cascade, which caused leveraged liquidations to occur as well. Despite these events, there is no need for concern about the safety of Huobi exchange’s operations or wallets since they remain secure. Furthermore, all work continues at an even pace without any
unexpected incidents occurring thus far. This clearly shows how the current fluctuations are just part of normal market behavior patterns.
Huobi is making strides in enhancing their platform and user experience with a fresh liquidity fund. The objective of this investment will be to heighten the multi-currency liquidity on offer, ultimately improving ease-of-access for traders across global markets. This strategic move promises advantageous positioning within Huobi’s competitive cryptocurrency exchange market sector as well.
Sun expressed empathy towards Huobi users, acknowledging that the turbulent market changes have induced stress among them. This announcement is a promise to undertake measures aimed at mitigating these fears for their benefit. Additionally, Sun reassured the community of his resolve in keeping up with all developments regarding this issue, and will provide regular updates on any progress made moving forward. Huobi is dedicated to ensuring their platform is secure and dependable for those engaging in cryptocurrency trades. Huobi will bear all leverage-through position losses on the platform resulting from this market volatility event of HT token.
Huobi’s efforts towards enhancing the user experience are ongoing, with continuous strides taken towards improving the functioning of the platform. With additional support from their liquidity fund, Huobi looks forward to providing even more significant benefits while fortifying its presence as an esteemed hub for cryptocurrency exchange activities. Sun expressed his confidence in the actions being taken to enhance user experience and establish a safer, dependable cryptocurrency trading platform. He believes that these measures will result in more satisfied users who can trust the Huobi platform with ease.
About Huobi
Founded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation and other areas. Huobi serves millions of users across international markets. Please refer to Huobi’s official website for more information: www.huobi.com
Media Contact
Michael Wang [email protected]
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for sponsored purposes only. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Cardano’s Top NFT Marketplace, JPG Store, Announces Plans To Empower More Artists Globally
JPG Store improves its site’s language translations to provide easier access for international artists to create NFTs for a global community of buyers.
[ GLOBAL ] – February 28, 2023 – Today, JPG.Store announced the launch of Language Localization, a feature which improves the quality of the site’s translations for the benefit of its global community. This feature launch is part of a larger strategy aimed at providing the non-English speaking world with equal access to opportunity in the NFT economy. With the cost of minting an NFT on Cardano averaging less than $1, the JPG Team is excited for their language efforts to attract and support more creators globally, especially those previously priced out by blockchains with expensive gas fees.
“We’re passionate about creating as much opportunity as we can for all creators,” said Blakelock Brown, CEO of JPG Store. “We’ve proudly paid out millions in royalties to our current NFT creators, but this massive opportunity should belong to all people. Eliminating language barriers is only a small piece of our exciting plans to endlessly empower international artists and collectors alike.”
To ensure users receive high-quality translations which update quickly, JPG Store now uses a global team of human linguists paired with advanced machine language technology to craft the site’s translations. The first languages to be supported are Japanese, Korean, Chinese (Simp), Portuguese, French, and Spanish (LatAm). JPG Store engineers have also developed an auto-translating Discord bot to ensure users of all languages receive the same high-quality customer service the support team is widely recognized for.
“We strive to hire the best minds we can find so we’re a highly diverse team ourselves,” commented Shannon Brown, Cofounder of JPG Store. “We proudly come from over 15 different countries, so nurturing NFT adoption and opportunity globally is something we deeply value on a personal level.”
In a little over a year since its launch, JPG Store has catalyzed Cardano’s NFT industry to reach over $477M in total sales, handling 97% of the blockchain’s current NFT volume. With recent launches of Coti’s new Djed Stablecoin and Liqwid’s DeFi Lending Protocol attracting outside liquidity to Cardano, the JPG team anticipates NFT trading volume to grow alongside its maturing DeFi ecosystem. At time of writing, Cardano ranks as the 4th largest NFT blockchain by volume over the last 30 days.
About JPG Store:
JPG Store is Cardano’s #1 NFT Marketplace that believes in people, the planet, & purpose before profit. They believe in endlessly supporting all creators globally and all supporting creator royalties.
Join their mission to create a brighter future for all. They have got art, hippos, and top-notch community.
Take a look at them who they are and what they can do for you.
MEDIA CONTACT
Juan Veintimilla
[email protected]
(872) 802-1247
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Aptos Labs Announces New Features – APT Price Massive Surge On Horizon!
The Aptos (APT) network, a layer 1 (L1) blockchain that has attracted significant crypto attention, has rallied more than 385 percent in the past 30 days. Trading around $18.25 on Thursday, the APT market has recorded total liquidations of about $6.08 million in the past 24 hours. As more traders take profits, the APT bulls are losing the rising momentum that has existed for the whole of January.
As such, the latest layer 1 blockchain with huge on-chain activity may be looking into an imminent correction. Furthermore, the APT price in the four-hour time frame has broken from a rising trend line.
Nonetheless, the Aptos developers are busy building infrastructure to onboard more NFT and crypto traders. As a result, the Aptos price could rally onward to the price discovery region and set new ATH.
Aptos (APT) Network Welcome New Upgrades
Backed by hundreds of developers distributed around the world, the Aptos network is constantly getting upgrades to meet the demand for decentralized applications. On Wednesday, the Aptos blockchain announced the release of a new upgrade dubbed v1.2.4. Notably, the Aptos node upgrade is meant to bring new features and enhancements to the developers and reciprocate to users.
With the new upgrade, the Aptos blockchain added exponential back-off to reduce timeouts for full nodes in low-bandwidth environments. Additionally, Aptos v1.2.4 has made several small performance optimizations to reduce latencies and better handle timeouts.
Previously, the Aptos team had made several changes including some that could render the network incapacitated.
“Our team also fixed a couple of bugs that had the potential to crash the validator or DoS the system. We identified these issues as part of our routine third-party auditing and bug bounty program,” Aptos Lab noted.
B2Broker Announces New White Label Liquidity Offering With Match Trader Trading Platform
After integrating cTrader in 2022, B2Broker has continued to expand, with the integration of Match Trader being the most recent. Clients will have access to a full white label solution, fiercely competitive commercials, and a ready-made B2Core integration thanks to this new integration. This is a prime example of B2Broker’s dedication to giving its clients a complete and flexible service.
Match Trader Goes White Label
A white label Match Trader solution has been released by B2Broker in order to offer brokers and their customers brand-new trading experience. Using the new offering, brokers will be able to reduce their costs by consolidating all essential technology into one package. There is also access to the Prime of Prime liquidity pool, which is provided by B2Broker, as well as B2BinPay (a crypto-payment processing solution), and B2Core (a CRM system). As a result of all of these features, the new Match Trader white label package is certain to become a smash hit within the brokerage industry.
A white label from Match Trader makes online trading stress-free with its wide range of features and services. In addition to round-the-clock server support, 24/7 technical support, dedicated account managers, and our expertise in understanding the brokerage industry, we offer round-the-clock customer service. Additionally, white label packages include training sessions so that your staff is fully conversant with the technology.
Business owners looking to benefit from competitive trading commissions and favorable volume charges will find the Match Trader white label the perfect solution. Plus, it’s free to configure the platform, and no setup fee is required. All customers need to do as an initial investment is pay a minimum three-month liquidity fee. As an additional benefit, these customers are entitled to a grace period of one whole calendar month in addition to the remaining days remaining since the set-up date as far as monthly liquidity and connectivity are concerned.
Integration of Match Trader and B2Core
B2Broker also offers a ready-to-integrate version of Match Trader with B2Core along with its white label offering. The functionality of Match Trader will be similar to that of other platforms within the B2Core ecosystem. Consequently, brokers may be able to provide their consumers with a high-quality trading experience, with the ability to open/manage trading accounts immediately in the trader’s room and to connect to the platform instantly.
With B2Core, it is relatively simple to establish a margin trading account with the Match Trader trading platform. As a first step, you will need to create a user account that will link all of your trading accounts together. Following the creation of your Match Trader account, you will be able to link your margin trading account.
As of the recent addition of the Match Trader tab to their Platform tab, the B2Core team promises a number of exciting capabilities and features. A demo account can be created and used in conjunction with a live account to learn and practice trading strategies in real time. Aside from deposits and withdrawals, the platform is now capable of transferring funds internally and internally to other users as well. In addition, the new download button makes it easier for users to access and execute trades using the dedicated Match Trader terminal.
Final Remarks
Brokers looking to give their customers a comprehensive online trading experience will find B2Broker’s integration with Match Trader exciting and robust. Any business that wishes to take advantage of advanced technology will benefit from the package, as it provides a suite of powerful tools at its fingertips. It is anticipated that Match Trader will be integrated into IB’s programming in the near future, bringing with it an array of new opportunities. By connecting Match Trader with IB, traders have access to a wide range of professional-grade trading options that suit their trading needs, regardless of their business size or complexity.
Furthermore, in the near future, Match Trader will be integrated with B2Core mobile, allowing brokers to offer both worlds to their customers on a single platform. Be on the look.
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Venom Foundation Announces Landmark $1 Billion Web3 Fund
Layer-1 blockchain Venom Foundation has joined forces with investment manager Iceberg Capital, with the pair announcing a $1 billion venture fund to support promising web3 companies solving real-world problems.
Named Venom Ventures Fund (VVF), the blockchain-agnostic fund will be largely focused on startups involved in payments, asset management, DeFi, banking services, and blockchain gaming. Developers and builders working on innovative web3 projects are encouraged to apply via the VVF website.
Funding a Web3 Future
Although the value of the fund is destined to generate the most headlines, both entities intend to assist their chosen projects in a number of ways, leveraging their network and expertise to offer support in areas such as marketing, exchange listing, technical, legal, and regulatory.
Both Venom Foundation and Iceberg Capital are regulated by the Abu Dhabi Global Market (ADGM), with the latter being the first registered crypto foundation in the market. The fund will invest in projects and teams from pre-seed to Series A rounds, with ex-BlackRock CIO Peter Knez and serial MENA investor Mustafa Kheriba charged with identifying startups that can accelerate the adoption of web3 while delivering a meaningful return for investors.
“Even though the blockchain industry is witnessing a steep correction in prices, we believe that builders will continue to build and innovate,” says Mustafa Kheriba, Executive Chairman of Iceberg Capital. “With Venom Ventures, we will be providing financial, technical, and marketing support to the most promising teams and projects in web3 space to help them bring their visions to life.”
Venom Ventures Chairman Peter Knez added, “I am excited to work with a team of experienced investment professionals and talented people from the crypto industry, and we are ready to allocate strategic investments in the most innovative web3 startups that are poised for mass adoption. Our mission is to transform digital asset management and make a lasting impact on the industry.”
The new partners have wasted little time in scouting the industry for projects in need of its financial muscle: its first pledge was in Nümi Metaverse’s oversubscribed $20 million funding round in December. The creator-friendly platform is set to launch several products this year, including a mini-game experience (Visual Novel) and an all-encompassing VR metaverse.
Web3 Whales
Ten-figure web3 funds are not the norm, though there are a few other treasure chests available to talented developers. Animoca Brands’ fund Animoca Capital, for instance, is also worth $1bn, while VC giant Andreessen Horowitz (a16z) has built a $4.5bn war chest. The Venom Ventures Fund, however, is notable due to the regulatory green light its creators have received from the Abu Dhabi Global Market, an international financial center located on Al Maryah Island in the capital of the UAE.
According to a recent report from Chainalysis, the MENA region and North Africa were the fastest-growing markets for crypto adoption last year. Interestingly, the Central Bank of the UAE recently concluded a CBDC pilot for cross-border payments, news that won’t have escaped the attention of Venom – a blockchain that has ambitions to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and beyond.
Bankrupt Crypto Firm Voyager Announces Agreement With Binance US To Acquire Its Assets
As Binance makes itself at the top of the headline in the crypto market by raising concerns regarding its proof-of-reserves audit, the crypto giant now attracts fresh attention after signing a deal with a popular crypto firm to acquire its assets.
Recently, Voyager Digital Ltd grabbed the best deal from the crypto exchange giant Binance US for selling off its assets after a review of a strategic bidding session with the main motive of maximizing the value returned to the platform’s users and other creditors on a specific time frame.
Binance US To Acquire Voyager’s Assets With $1 Billion Valuation
This year has been rough and tough for the entire crypto space after FTX’s bankruptcy filing and recent controversies made on Binance’s audit reports. Voyager Digital, which sits on the top of the crypto space with a robust user base of 3.5 million and $5.9 billion worth of assets, has collapsed to the ground after filing its chapter 11 bankruptcy on 6 July. However, the crypto firm once tried to sell its assets to FTX’s owner SBF for $1.42 billion in September, but the deal went in vain after FTX drastically collapsed in November.
However, Binance US now paves a clear road to return locked funds of Voyager’s users as the crypto giant won the highest bid of $1.022 billion for acquiring Voyager’s assets. Binance made the agreement clear as it was composed of the current situation and market value of Voyager Digital with an additional consideration of $20 million of incremental value.
Voyager declared that the company’s claims against Three Arrows Capital remain in the state of bankruptcy, and any further recovery on the shares will be returned to the creditors.
Binance Shapes Up Voyager Amid Bankruptcy
In compliance with the court’s documents, the primary motive of Binance US is to return the funds of users and investors of Voyager Digital. Moreover, Binance US will make a good faith deposit of $10 million to reimburse Voyager’s expenses with a maximum expenditure of $15 million. The deal may close with a one-month extension from 18 April 2023.
The next hearing is scheduled on 5 January 2023, where Voyager will gain bankruptcy court approval to execute the asset purchase with Binance US completely. Additionally, it has been made clear that Binance will work closely with Voyager to complete each transaction to comply with the Chapter 11 plan. The timeline and return of locked assets to customers will be made public, and it can be viewed by visiting the Voyager case website https://cases.stretto.com/Voyager.
Voyager officially stated, “Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements.”
Binance has widely dominated the crypto industry as it controls over half of the global crypto trading volume. However, the crypto exchange has caught the eye of several US regulatory bodies, including the U.S. Justice Department, in a possible money-laundering case and severe violations in the crypto market.
Despite being the messiah amid several firms’ collapse and bankruptcy, Binance has seen a sharp drop in its users’ confidence in storing crypto funds on the platform as it witnesses a massive surge in withdrawals over the last few days with its raising concerns about audit reports.
However, Binance seems to provide clear reports to the crypto community, and it may soon wipe out customers’ concerns by barring the platform from becoming another FTX.
Carbon Offset Crypto Project IMPT Announces Exchange Listing After Raising $14m
It’s been another massive week for IMPT – as the platform’s developers have announced their intentions to bring forward the presale end date.
With more than $14m in funding raised in just over two months, the developers have opted to end the ultra-successful presale phase early to focus on putting the final touches on the IMPT platform.
This decision has also been taken due to several major listing announcements – which will see the IMPT token hit the market for the first time in the coming weeks.
Huge Demand Leads to Presale Ending Early
There’s no doubt that IMPT’s unique use cases have caused unprecedented investor demand – yet nobody could have anticipated the scale of this demand when the presale launched.
IMPT’s presale phase was initially scheduled to last for three separate stages. A total of 600m IMPT tokens were allocated for Stage 1, whilst 660m and 540m tokens were assigned for Stages 2 and 3, respectively.
However, the Stage 1 allocation sold out in record time, with a remarkable $1m of funding being raised in the first five days. Since Stage 1 sold out, investor demand has continued to ramp up – even though the token price has increased.
As noted earlier, more than $14m in funding has been raised since the presale commenced – which has led IMPT’s team to bring forward the presale’s end date to December 11th.
This means that potential investors only have a few more days to buy IMPT tokens at a discounted price of $0.023 before they hit the market for the first time.
Given the tremendous hype surrounding the IMPT project, the decision to acquire tokens at a low price could prove fruitful if IMPT’s upcoming exchange listings are as successful as they’re forecasted to be.
Upcoming Exchange Listings Provide Platform for Price Explosion
Often, a presale crypto’s first exchange listing can provide the foundation needed for exponential price growth – and early investors are hopeful that this is the case for IMPT.
Not long after announcing the pending conclusion of the presale phase, IMPT’s team revealed that three major exchanges would soon be listing the IMPT token.
The first of these exchanges is Uniswap – the world’s largest Ethereum-based decentralized exchange (DEX). Uniswap has a stellar reputation within the trading scene and regularly handles over $450m in daily trading volume, according to CoinMarketCap.
IMPT’s tokens will be listed on Uniswap on December 14th, marking the first time that the value of these tokens will be dictated by supply and demand. It’s this factor that’s getting investors excited – as there’s a growing belief that buying pressure could be enormous once the token goes live.
However, the upcoming Uniswap listing is just the first step in IMPT’s growth trajectory. Leading centralized exchanges (CEXs) LBank and Changelly Pro have also announced that they will list IMPT in the coming weeks.
Both exchanges handle hundreds of millions of dollars of trading volume daily and enable clients to buy, sell, and trade crypto using FIAT – ensuring IMPT trading is as accessible as possible.
The liquidity these three listings will provide looks set to launch IMPT into the stratosphere. Although the crypto market downturn is still hitting investors hard, there’s undoubtedly scope for IMPT to become the biggest IEO of 2023.
Massive $100k Giveaway Has Caught the Attention
With IMPT’s Uniswap listing set for December 14th, presale investors will be able to acquire their tokens from December 12th onwards. This involves going to IMPT’s website and connecting the crypto wallet used to buy the tokens in the first place.
However, this isn’t the only event investors need to be aware of. In order to build even more hype ahead of IMPT’s market release, the development team is hosting a massive $100k giveaway – with one lucky investor being chosen to win the entire jackpot.
IMPT’s team has made the entry requirements simple, ensuring as many people as possible are given a chance to win the grand prize. The main entry requirement is that investors must hold at least $100 worth of IMPT in their crypto wallet at the time of the draw.
Additional requirements all revolve around IMPT’s socials and community. These include:
Moreover, participants can obtain extra entries simply by sharing IMPT’s content with their friends. Although the overarching goal will be to win the $100k jackpot, participants will also be actively helping grow IMPT’s community by completing these tasks – providing a solid base for the project’s expansion..
The Exceptional Potential of the IMPT Platform
The decision to end IMPT’s presale phase early wasn’t taken lightly – yet the development team has placed great stock in IMPT’s unique use case and agenda.
For those unaware, the IMPT platform occupies a novel area of the crypto market – one specifically focused on sustainability. Although many crypto projects have become ‘greener’ in recent years, there’s still an evident lack of projects focusing on carbon credit trading.
This is where IMPT comes in, as this environmentally-friendly project aims to leverage the power of the blockchain and make carbon credits more accessible to the masses. By doing this, IMPT seeks to empower individuals and businesses to positively impact the environment.
As per IMPT’s whitepaper, the platform will primarily accomplish this by structuring carbon credits as NFTs. Since NFTs are inherently transparent and immutable, this will naturally eliminate the ‘double spend’ problem that is an unfortunate part of the current carbon credits market.
Moreover, the decision to structure these credits as NFTs makes them easily tradable using IMPT tokens. On IMPT’s marketplace, users can buy, sell, trade, and speculate on carbon credits, creating a self-sustaining ecosystem and allowing an alternative asset class to thrive.
According to ClimateTrade, the value of the voluntary carbon credit market has quadrupled since 2020 – and has topped $2bn in 2022 alone. This highlights the growing demand for these credits, with IMPT looking set to be in pole position to meet this demand.
Another exciting aspect of the IMPT project includes partnerships with world-class brands like LEGO, Amazon, and Microsoft. By shopping with these partner brands, users will earn IMPT tokens – which they can then exchange for carbon credits.
Finally, IMPT’s team will even be launching a groundbreaking sustainability-focused social media platform. This platform will score individuals and businesses based on their environmental impact – providing a clear incentive to make more eco-friendly choices.
How to Buy IMPT Tokens Today – Quick Guide
Although IMPT’s presale is set to end on December 11th, potential investors still have a few days left to buy IMPT tokens at a discounted price.
Those interested in doing so must follow the five simple steps below:
- Step 1 – Set Up a Crypto Wallet: Open a crypto wallet compatible with ERC-20 tokens. IMPT’s team recommends MetaMask for desktop users or Trust Wallet for mobile users.
- Step 2 – Obtain ETH or USDT: Buy Ether (ETH) or Tether (USDT) to fund the exchange into IMPT. Investors can acquire these digital currencies through most brokers or exchanges. Alternatively, ETH can be purchased directly through IMPT’s website using a credit/debit card in conjunction with Transak.
- Step 3 – Link Wallet to Presale: Head to IMPT’s homepage, click ‘Connect Wallet’, and follow the on-screen instructions to make the link.
- Step 4 – Buy IMPT Tokens: Choose whether to buy IMPT using ETH or USDT, enter the number of tokens to be purchased (minimum of 10), and then confirm the transaction with the wallet provider.
- Step 5 – Claim IMPT Tokens: From December 12th, presale investors will be able to claim their purchased tokens by linking their crypto wallet to the IMPT website and clicking the ‘Claim’ button.
Website: www.impt.io
Hipther And European Gaming Announces Dates For 2023 Prague And Riga Summits
Eastern Europe’s most popular gaming conferences back with tech revamp
Xth November 2022: European Gaming, Hipther Agency’s Central and Eastern European betting and gaming media platform, is celebrating the expansion of both its Prague Gaming Summit and MARE BALTICUM events for 2023, with more than 140 speakers and 35 panel discussions.
Hipther’s renowned Prague summit returns in Match 2023 with a new makeover, as the Prague Gaming & Tech Summit. Residing at the Vienna House Andel’s Prague between March 29-30, 2023, the event will see iGaming and tech merged together for one of Europe’s leading conferences on innovation.
With iGaming, sports betting, Esports, AI, fintech and AI and VR heavily on the agenda, HIPTHER aims for the Prague Gaming and Tech Summit to provide an essential meeting fixture for top industry decision-makers and business influencers across the Central and Eastern European Regions.
Thanks to its addition of its new synergised gaming and tech platform, the event is set to feature over 75 speakers, 300 attendees, 20 panels, and multiple networking parties over the two-day fixture.
Following on in May 2023, the MARE BALTICUM Gaming and Tech Summit returns in spring, returning after more than 6 years of resounding success. The summit will be held at Grand Hotel Kempinski Riga in Latvia between May 16-17th, 2023.
Featuring 65 speakers 300 attendees, 15 panels and extensive networking – the event will host one of the Nordic Region’s most prestigious annual gaming events.
Now combined with HIPTHER’s Nordic tech conference, the summits are dedicated to providing a synergised platform, for industry leaders to make new connections and share their latest news about iGaming, eSports, Blockchain, Artificial Intelligence.
Alongside the MARE BALTICUM Gaming and Tech Summit, attendees will also enjoy the Baltic and Scandinavian Gaming Awards (BSG) and Baltic Tech Awards (BTECH), which celebrates the year’s outstanding achievements of gaming and tech companies across the Baltic and Scandinavian industries.
The nomination phase will open at the beginning of November, along with the announcement of the official categories.
Commenting on its 2023 event calendar, Zoltan Tuendik, Founder and Head of Business and Events at European Gaming and Hipther Agency, said:
“2023 will be another exciting year where we aim to take our thriving summits to the next level, showcasing the astounding degrees of innovation from both the gaming and tech industries. It is a pleasure to provide these industries with both the Prague Gaming & Tech Summit and the MARE BALTICUM Gaming & Tech Summit.
“We have always been conscious of the value of the networking opportunities, panel discussions and BSG awards, that our previous summits have provided. Now back with an even bigger bang, we are thrilled to see the synergy created by bringing both industries together to encourage innovation through interconnectivity.”
With extensive plans to work with additional media partners in 2023, Hipther and European Gaming will soon announce its press packs and preferential treatment for media attending its events.
The event already has a record number of sponsors confirmed, with a limited number of sponsorship packages still available, interested companies can contact: Zoltan Tuendik, Founder and Head of Business and Events at European Gaming and Hipther Agency, by email on [email protected]
Hipther Agency press contacts:
Zoltan Tuendik, Head of Business
[email protected]ipther.agency, +40 735 559 234
Alex Marginean, Marketing Specialist
[email protected], +40 731 394 220
The Events
The newest edition of the Prague Gaming & Tech Summit, organised by European Gaming and Hipther Agency, will take place from 29th-30th March at Vienna House in Prague’s Andel district.
The MARE BALTICUM Gaming and Tech Summit follows later that spring, held at Grand Hotel Kempinski Riga in Latvia from 16th-17th May 2023.
About Hipther Agency
One Stop Agency for multiple industries, services and activities.
HIPTHER AGENCY is the parent brand of several leading news outlets and international conferences that cover several industries such as Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports and many more.
Hipther Agency consists of 17 news outlets that cover news from around the world and a portfolio of conferences that cover five continents (North America, Central America, South America, Caribbean and Europe).
For more details visit www.hipther.agency
Quick links: List of News Outlets | Upcoming Events | Past Events | TV | WireUP (social media platform)
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Hashflow (HFT) Announces The List on Cryptocurrency Trading Platform MEXC and Binance on November 7
MEXC Global will list Hashflow on November 7, 13:00(UTC) with Binance together, and users will be able to trade their native token HFT(HFT/USDT). Meanwhile, MEXC has launched a deposit competition for HFT, and the total prize pool is 5000MX.
Hashflow (HFT) is a decentralized exchange that supports cross-chain interoperability. It can link users with professional market makers and aims to provide zero slippage, low GAS fee, and MEV-protected trading experience. Currently, Hashflow has supported public chains such as Ethereum, Avalanche, Polygon, Arbitrum, Optimism, and BNB.
The core advantages of Hashflow include zero slippage, no impermanent loss, bridgeless cross-chain swaps, and MEV(Miner Extractable Value)-resistance.
Hashflow adopts the request-for-quote (RFQ) model to allow professional market makers to manage liquidity pools, which differs from AMMs that generate high slippage during transactions. RFQ includes off-chain pricing functions and on-chain settlement. Professional market makers can bridge CeFi prices with DeFi through Hashflow and do this in a trustless and easy-to-use way. Meanwhile, users can get the same price on DeFi as they see on MEXC.
Hashflow enables the native-to-native swap function where users no longer need to rely on cross-chain bridges prone to problems. It should be noted that Hashflow does not rely on external bridges or require users to escrow their assets on the source chain to mint a bridged asset on the destination chain.
According to public information, Hashflow has raised funding of $3.2 million, and the investors include Dragonfly Capital, Electric Capital, Alameda Research, Metastable Capital, Galaxy Digital, etc.
According to public information, MEXC, established on April 2018, is one of the world’s Top 10 cryptocurrency trading platforms. The core products include spot trading, leveraged ETF, futures, NFT Index, Staking, etc. As of September 2022, the platform has exceeded 10 million users, and the platform’s cryptocurrency liquidity has already ranked first in the world. In addition to supporting more than 160 cryptocurrency futures trading, it also supports more than 1,600 cryptocurrency spot tradings and more than 400 cryptocurrency ETF tradings. MEXC is the trading platform with the fastest listing speed and the most abundant trading assets.
According to M-Research, among the top 10 cryptocurrencies in 2021, MEXC listed the top five: SHIB, GALA, FTM, and MANA. From 2019, nearly 100 other projects, including public chain, DeFi, GameFi, Layer2, Metaverse, DAO, Meme sectors, etc., such as DOT, OP, UNI, APT, GLMR, etc., have been listed on Binance successively. MEXC is ‘the first stop for quality projects.’
As of October 27, among MEXC’s 2022 debut projects, 150 projects have increased by more than 10%. Among them, 65 projects have an increase of 10%-100%, 86 projects have an increase of more than 100%, and the highest increase of a single project is between 166% and 479,900%.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
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AllStars Digital Announces AllStars Coin ($ASX) IEO, Lists on BitMart
By listing the AllStars Coin ($ASX) on leading crypto exchange BitMart ahead of its IEO next week, AllStars Digital hopes to bring new sports-based digital asset trade and investment opportunities to millions around the world. Here’s why that matters and what to expect over the weeks and months to come.
AllStars Digital (ASD), the world’s first digital sports trading exchange, announced a new partnership with BitMart, a recognized leader in the cryptocurrency exchange space. BitMart has millions of customers in 180+ countries around the world and supports the trade of over 1,000 different crypto coins and tokens.
ASD has also announced its upcoming Initial Exchange Offering – IEO – in which a new utility token called AllStars Coin ($ASX) will be created. $ASX will be an important part of the ASD ecosystem and will be used for everything from paying trading fees, staking, and investing in digital assets to gaining access to exclusive NFT drops and both virtual as well as real-life events and collectibles. $ASX will also be used in ASD’s fantasy sports leagues, the ASD Metaverse, and ASD-based decentralized applications (dApps).
By listing $ASX on BitMart and providing access to this utility token to new users around the world through the upcoming IEO, ASD hopes to bring the benefits of sports-based digital asset trade and investment to fans of the world’s most popular sports, starting with cricket, football, and basketball, and even e-sports, with more sports, brand engagements, and activities to come.
How the Technology Works
AllStar Digital uses proven quantitative computation and valuation indices in conjunction with blockchain to transparently and accurately place dollar values on the performance of sports athletes. Instead of restricting sports fans and investors to betting only for or against specific players or teams, $ASX will allow ASD to provide a new generation of participants with access to an exciting range of speculation opportunities in markets that never previously existed.
The platform’s mission is to democratize trading on the performance of sports stars via a digital economy based on $ASX, a brand-new, blockchain-based token. ASD’s trading platform will launch in time for the FIFA football World Cup in Qatar in November, and the project already has key partnerships in place with other industry leaders (such as Aurora Chain for ensuring robust network performance, and BitMart for ensuring wide access to the $ASX utility token.
$ASX will also be used for a wide range of other platform services and functionalities. These include paying transaction fees, buying/investing in digital assets, participating in NFT drops, and staking and earning. $ASX will power ASD’s Metaverse as well and will be used in ASD’s fantasy sports leagues.
To facilitate user onboarding, ASD has released engaging product and utility token overviews. Interested parties – from fans and investors to traders and crypto enthusiasts – are invited to learn more about the project, participate in the upcoming IEO, and become early adopters of this groundbreaking new initiative.
You can find more information about AllStars Digital on their website, as well as on Telegram, Twitter and Instagram.
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FitR (FMT) Announces the List on Cryptocurrency Trading Platform MEXC
MEXC Global will list FitR soon, users are able to trade its native token FMT (FMT/USDT). According to public information, MEXC is one of the world’s Top 10 cryptocurrency trading platforms. The core products include spot trading, leveraged ETF, futures, NFT Index, etc. MEXC supports more than 1,500 cryptocurrency transactions and ranks first in terms of liquidity for Top 50 cryptocurrencies.
FitR /Fit-er/ is a decentralized social fitness platform with rich Gamification and unique Socialization features. Powered by AI technology, FitR provides a full range of indoor and outdoor exercises.
There are three core gameplay elements in FitR:
- Fitness and move to earn;
- Gamification Design and NFTs;
- Social interaction
FitR allows users to find their favorite exercises or discover challenging new exercises. The gamified design makes exercising fun. Users can perform cooperative challenges with friends and family in FitR or battle each other to make exercising competitive. Exercising with family and friends enhances relationships and improves everyone’s physical fitness. FitR also provides players the opportunity to make new workout friends from across their community and the world.
FitR has Launched multiplayer mode, which is something that has never been done by any Move-to-earn project. Multiplayer modes include Co-op, PVP, Ranked Match, and Community Leaderboard.
FitR introduces 2 types of NFTs –Equipment NFTs and Avatar NFTs. Players can purchase an Avatar NFT as their PFP and acquire and use Equipment NFTs that correspond to the specific exercise they are performing. Like a set of boxing gloves, a yoga mat, or a jump rope. After the NFT was released, the Highest floor price rose to about 2 BNB.
FitR has disclosed seed round investors for the project. According to the official social media, the list of investors includes Alpha Coin Fund, Avalanche Asia Star Fund, HashKey Capital, and Kucoin Ventures. The four investment VCs who mainly invest in Asian projects have a good reputation.
As an M2E project, FitR is friendly for non-crypto users to join and has made an innovation of online real-time social gameplay. FitR is also easy for users to invite friends and family to play and earn together. In the future, more functions will be launched,including a new exercise mode every month (Zumba coming up next), pet system, cosmetics in game by other NFT projects, AR football game, and social game modes(coaching and live streaming).
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Binance Announces Significant Hacker Attack
There aren’t many businesses that want to announce that they have suffered a massive loss of money and those in the Cryptocurrency industry are no exception. However, earlier this month BNB chain disclosed that they had lost a significant amount of money due to a hacker attack. The blockchain which is linked to the Binance Cryptocurrency exchange released the news which is less than ideal for anyone that is hoping Cryptocurrency winter is over and that things will go back to being slightly less volatile.
What Do We Know?
Binance is the world’s biggest Cryptocurrency exchange which is why it might not be a surprise that has recently gotten the attention of hackers. However, what many people might not have been able to predict is that a hacking attack would be able to cost them over $560 million. It wasn’t the platform itself that was targeted, instead, the Binance Smart Chain became a victim of hackers. It is this blockchain that works as a bridge for any asset transfers between networks and so the news that it can get hacked will worry many investors. As you might imagine, the CEO of Binance was quick to release a statement and recently sat down with CNBC News to talk to them about what happened. He emphasised the fact that this is something that we should be learning from saying “cross-chain bridges were particularly vulnerable to hacks and the industry needed to get better at learning from them.” Within this hack attack, no end users actually lost any money, but those that are investing large amounts of money in Cryptocurrency will certainly want to know what is being done to make sure that something like this can’t happen again.
Talking on their own platform they talked in more detail about how the series of attacks happened and how they will share further details of how it was able to happen later down the line. Of course, their priority is to make the system safe again and ensure that investors have peace of mind and confidence in using their platform once again.
The History of Cyber Attacks
Of course, Binance isn’t the only Cryptocurrency platform to fall victim to hackers and realistically they won’t be the last. Technology and the security system is always improving and getting harder to crack but then so is the software that the hackers use to infiltrate systems in this way.
We know that Chainalysis had around $2 billion stolen in a series of hack attacks, as well as the Cryptocurrency based game Axie Infinity which lost $600 million in a similar attack earlier this year. At the start of this year, the Wormhole Network was also a victim of a hack attack which saw them lose $325 million. These hack attacks may seem like they’re not a regular occurrence but with so much money held and transferred within the Cryptocurrency network, there are always going to be unscrupulous people that want to ensure they have a slice of the pie.
What Happens Next?
Experts are suggesting that this recent hack is a perfect example of why there needs to be more regulation in the crypto industry, similar to how the gambling industry has regulators to ensure safety for its users when they are getting casino offers.
Blockchain providers and Cryptocurrency platforms will no doubt be looking at the security of their own software and doing what they can to ensure that everything is as secure as possible. All eyes will be on Binance to see how they handle this and what changes (if any) they will make in the future.
It is currently run via a decentralised chain, which is something that will be debated to see if that is the best course of action in this instance.
“Decentralised chains are not designed to be stopped, but by contacting community validators one by one, we were able to stop the incident from spreading,” Binance Smart Chain said in its statement. “This delayed closure, but we were able to minimise the loss.”
The next step is for the Binance Smart Chain community to vote on what they think should happen – one thing they’ll be discussing is whether the stolen funds should be frozen and whether a reward should be put in place for anyone that helps them capture the hackers.
The Future of Cryptocurrency
There is no denying that Cryptocurrency is considered volatile even for those that choose to invest in it, but after the last few months many would have preferred news that would make it less volatile rather than more. We’ve seen some big value crashes throughout 2022 which had led to many people considering this period a Crypto winter and we had just got to the stage where people were hoping we could be in for a thaw and that things would start to improve. However, news of hacking attacks like this will do nothing to strengthen people’s confidence in digital currency and many will worry that it could lead to further drops in value later down the line.
However, what we do know is that the future is pretty impossible for people to predict – otherwise everyone would be doing it. We have less of a track record with Cryptocurrency than we do other similar financial investment opportunities so there are fewer opportunities to see what happened in the past.
Long-term the Binance attack will be forgotten as other platforms fall victim to similar crimes and other digital currency news dominates the headlines. However, for this month it is likely to have an effect on whether people choose to invest new money in Cryptocurrency and that could have an effect on the value, at least in the short term. Investors will be keeping an eye on the news regarding Binance and digital currency, keen to hear what steps the platform and blockchain have taken to ensure that an attack of this nature can be avoided in the future before they take the plunge and invest once again.
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MEXC Announces Support for LUNC Upgrade and Burning of LUNC Spot Trading Fees
In support of the burn tax proposal from the Terra Classic (LUNC) community, MEXC will launch a time-limited burning event for spot trading fees for LUNC/USDT and LUNC/USDC – Starting September 3, 10:00 to September 17, 10:00 (UTC).
MEXC is the first CEX to support the LUNC upgrade and burning proposal.
The actual trading fee received will be proceeded by MEXC and will implement secondary market buybacks on a daily basis. Also, on a daily basis, MEXC will make arrangements to send LUNC tokens obtained from the secondary buy back of LUNC to the official burn address that is provided by Terra.
Currently, MEXC ranks second for the LUNC burning, with 581,983,415.1228 LUNC buy back.
What is Terra Protocol?
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payment systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Developments on Terra began in January 2018, and its official launch of its mainnet in April 2019. As of September 2021, Terra offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of currencies — and intends to roll out additional options.
Rebranding of Terra
After the collapse of the stablecoin of the Terra ecosystem, the LUNA community has proposed various methods to rescue the Terra ecosystem. Among them, the passage of Proposal 1623 brought substantial progress to rescue the Terra ecosystem by creating a brand new chain and began to airdrop its new tokens to the users of the Terra ecosystem.
On May 28, 2022, the genesis block of the new chain was launched to conduct future transactions under the name Terra (LUNA), and the original Terra Chain was rebranded as Terra Classic. The original native token LUNA has also been renamed as LUNA Classic (LUNC). After the tax proposal was released, the price of LUNC increased by 100%.
MEXC Global Initiatives
Three months ago, MEXC Global initiated another LUNA recovery plan by burning and buying back LUNA as well. Since then, LUNA hit the highest gain of 2,430%.
With much support, MEXC Global is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services such as Spot, ETF, Futures, Staking, NFT Index, etc., and serves more than 7 million users worldwide. Currently, it supports the trading of more than 1,400 cryptocurrencies. With the fastest listing speed, MEXC Global laid out the public chain sector from the very beginning.
As we undergo a bear market, MEXC Global offers zero fee for all spot trading pairs. As an exchange that keeps up with hot market trends, MEXC Global also supports Ethereum’s upgrade and its potential hard fork with a list of two “potential forked” ETH tokens.
While creating safe and reliable core products , MEXC Global has also launched Grid Trading, Trade Mining and other functional and incentive products suitable for users in combination with Web3 trends and user needs.
About MEXC:
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc., and serves more than 7 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia”. Currently, it supports the trading of more than 1,400 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and MEXC Research for more.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
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MEXC Firstly Announces ZERO Maker Fee Promotion for All Spot Trades
The leading digital asset and cryptocurrency trading platform MEXC firstly introduces 0 maker fee rate offering for all spot trading users from since August 31st. The 0 maker fee policy applies to all spot trading pairs on MEXC. This marks a ground-breaking level of user experience that has been brought to the crypto space for all traders.
For now, reports show that MEXC reaches a spot daily trading volume of $1.6B, and more than 1,500 trading pairs are listed on MEXC, according to CoinMarketCap. While the zero maker fee policy is introduced, more than 7 million users worldwide will benefit from the promotion in every single spot trading activity.
With the value of “Users first, Service foremost”, MEXC keeps making efforts and remains competitive regarding the user experience in the ever-changing cryptocurrency market, since founded in 2018. Especially over the past months, MEXC team has successfully pushed the boundaries forward. In April, MEXC firstly introduced the NFT Index product to help people around the world take part in NFTs more affordably. In August, MEXC introduced MX/USDT perpetual trading, and then launched trade mining feature on the platform, and more to come.
MEXC’s VP Andrew Weiner commented, “As the first exchange in the industry to announce zero maker fee for all spot trading pairs, MEXC continues to win supports and trust from our user community in every timing the market changes. We are dedicated to make the user experience more effortless and seamless.”
The promotion opens from August 31st 15:00 (UTC) until further notice. For more details, please stay tuned to MEXC website for official announcements.
About MEXC
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc.,and serving more than 7 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia”. Currently, it supports the trading of more than 1,500 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and MEXC Research.
Contact:
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Kinoapp.xyz Announces Its Founding Membership
Kino is financing films differently so that anyone can invest in and experience Hollywood movies while protecting the rights and ownership of its creators.
THE PROBLEM part 1: Hollywood Accounting.
THE PROBLEM part 2: Unprotected Artist Rights.
THE SOLUTION: Kinoapp.xyz and what it brings.
Hollywood Accounting
What is Hollywood Accounting? Sometimes referred to as “Hollywood Bookkeeping”, are the terms for the opaque or creative accounting methods used by the film/television industry to budget or record profits for film projects. Expenditures can be inflated to reduce or eliminate the reported profit of the project, thereby reducing the amount the corporation must pay in taxes and royalties or other profit-sharing agreements, as these are based on net profit. Effectively, this means funneling the majority of the profit to the few at the top, leaving the artists (who have invested their time, energy, and intellectual property) without proper compensation. Artists in a 212 Billion dollar industry shouldn’t have to struggle, but unfortunately, most do. Hence the term “Struggling Artist”, is much more colloquially known. Kino is changing this.
Artists’ Rights:
Artists’ rights have also been at risk, especially revolving around intellectual property. In the film world, it’s common practice for a studio or network to purchase a script or concept to own the rights to the creative idea. They then have the ability to change, adjust, and claim ownership over that original concept, transforming the idea into whatever they want. Or, claiming that they made the idea in the first place. They have the final say over who plays the part, how the story should go, or if it should ever even be released. The integrity of the original idea can get watered down by executive opinions, who more often than don’t have a personal connection or understanding of the story’s perspective. Kino believes artists should be compensated for the art and ideas they create from conception to execution. Cultivating a platform for a wide range of stories to be told while giving fans of Kinoapp.xyz collaborating artists have a chance to invest, experience, and participate in the movie-making process. The democratization of the film/television industry begins with the transparency of Blockchain.
The Kinoapp.xyz
The first step is the unveiling of the Kinoapp.xyz Founding Membership, launching on September 7th. Founded by Daril Fannin (Writer/Executive Producer who has created films/tv shows with Matt Damon, Peter Berg, & Jimmy Kimmel for Netflix & Disney) and Austin Worrell (co-founder of the fastest growing social impact token that reached over $500M market cap with over 500K holders.). Kinoapp.xyz is releasing 1000 lifetime Founding Memberships, which provide a chance for anyone to access, invest and participate in every future Kino project.
Members can invest in productions consisting of talent who have won or been nominated for Oscars, Emmys, and Golden Globes, collect a piece of digital and/or physical art from the projects (ie. props, costumes), and experience filmmaking from script to screen (i.e set visits, red carpets). They’ll also get “whitelist” (aka: early) access to all Kinoapp.xyz drops, have priority for all future ones, and have the opportunity to attend the First Annual Kinoapp.xyz Party happening Dec 2022 alongside a community of celebrities, industry professionals, financiers & other fellow Founding Members.
“Money is being made (in this industry) but not being given to the people doing the work,” says Co-Founder Fannin. “By democratizing access to film/tv through this new economic model, Kinoapp.xyz is also redefining the fan experience by bringing them in before the movie is made. Members can experience a project from creation to release. “The mission is to protect artists, bridge connections with fans, create a platform for unrepresented communities, and to make some cool shit.”
Become a Founding Member! Pre-mint ends at midnight on Sept 5th and the public sale begins on Sept 7th. Join the revolution.
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