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.
| Disclaimer: This is a guest 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. |
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.
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.