Game Space Powers Web3 Gaming With the Launch of Player One Tournament, Aligns Partnership with Splinterlands, Gods Unchained and Big Time
Game Space announces the launch of industry’s first major Web3 gaming tournament, – the Player One Tournament with industry leading on-chain games, Splinterlands, Gods Unchained and Big Time. The tournament has gained a lot of great interest, support and sponsorship from over 24 partners, including major public chains such as BNB Chain and KCC chain, Web3 communities Metaverse Space, Web3 Space, Meta Galaxy etc., gaming guilds such as Planet League, Dux Guild, Metamony, Web3 credential data networks include Galxe and Link3.
Together with partners, more than a $20,000 USDT worth of prize pool will be allocated to all participants, welcoming everyone to Web3 gaming regardless of their skill levels. Tencent Cloud International, as one of the sponsors of this tournament, provided $30,000 worth of Cloud Credits for the gaming partners and will continue to invest in each tournament in the future to support the GameFi industry.
Michael Cameron, CEO of Game Space said: “While many companies currently have launched gaming tournaments, most of them only involve a single game. We want to team up with some of the most influential games in the industry to bring GameFi back to attention. The goal of this tournament is to use it as an opportunity to increase the conversion rate and appeal to Web2 gamers to enter Web3. The tournament will also be focused on gameplay where we want to help to increase user engagement to each of our partners’ games”.
According to GameFi industry forecasts, the global GameFi market is expected to touch USD 38 billion by 2028. The trend indicates that GameFi is one of the most resilient compared to other sectors, even under the bear market, which gives game developers a lot of room for development and inspiration to enter Web3. For gamers, games built on blockchain technology can provide gamers with true asset ownership, financial opportunity, creative feedback loops and community driven development.
At the current stage, we can see that most GameFi projects generate tokens and NFTs independently, and the whole Web3 gaming ecosystem is still independent and fragmented. Therefore, in the long run, Web3 gaming will allow assets to be interchangeable with each other. For instance, props from game A can interchange with game B in some way, and users from game A can enter game B, resulting in a seamless gaming experience for players. The implementation of this path requires GameFi project owners and users to balance each other’s revenue, which will essentially be a new paradigm of underlying economic logic for GameFi, and Player One Tourment organised by Game Space represents an attempt at this new paradigm. This is also the reason why Player One Tournament has been positively received by many partners. At the same time, the tournament will also increase the DAU of Web3 players.
The Player One Tournament will have a pre-warm up starting from February 3rd at 20:00 (UTC+8) by signing up on Galxe. The tournament will be a total of 9 days with 3 days dedicated to 1 gaming partner. For each game, Game Space has invited influential streamers to play in order to gain excitement and competition. 90% of the prize pool will allocated to gamers and 10% to all partners, streamers influeners and media.
For Player One Tournament, Game Space will continue to cooperate with more public chains, various gaming guilds, Web3 Infra, Web3 communities, etc. to continuously hold Web3 gaming tournaments to attract attention to various GameFi projects and expand the base of Web3 gamers, so as to better promote the development of the entire GameFi and NFT ecology. As an underlying infrastructure of the GameFi industry and the first company in the industry to provide GameFi-as-a-service, Game Space will not only provide a one-stop SDK solution for AAA games, but will also develop a series of casual mini-games on its own and explore the asset interoperability model combining NFT and Token in these casual mini-games to create a true metaverse for gaming.
About Game Space
Game Space releases games on their GameFi-as-a-Service Platform. It can help AAA gaming companies and titles to release on-chain functionality in a matter of days through integrated SDK, as well as an NFT transaction engine that can be embedded in games, which can help GameFi projects shorten the launch time by half a year and greatly reduce the threshold for gaming companies to enter Web3.
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As the broader cryptocurrency market recovery gathers steam, the price of Cardano (ADA) has increased by 45% over the past month and 7.7% over the past week. However, in addition to the general market rebound, the much-anticipated launch of the DJED stablecoin on the mainnet, which is planned for this month, also supports the bullish Cardano market sentiment.
Just before the debut, the well-known Singaporean cryptocurrency exchange Bitrue revealed plans to list the DJED stablecoin together with SHEN, its reserve coin. Before a user can receive Djed, more than 400% in collateral value must be provided. Djed will be backed by other tokens. By doing this, it will be possible to replace the volatile gas fees with a transaction cost that is consistent and predictable.
“As part of our effort to stake the ADA that is deposited to the Djed smart contract and generate extra rewards for SHEN holders, we are developing a snapshot mechanism and UI that will be added to djed.xyz, where SHEN holders will be able to track these extra rewards,” as reported by Coindesk, the developers said.
The ADA token, which is the native currency of Cardano, is being used to finance the Djed cryptocurrency. Users will be able to transfer ADA to the platform’s smart contract in order to earn Djed in return. As the preferred currency for covering transaction costs on the Cardano network, it aims to replace all other cryptocurrencies.
Through an official blog post on its website and a subsequent tweet from COTI Network, Bitrue announced its intentions to list DJED. In the near future, Bitrue intends to add support for DJED and SHEN staking, according to the blog announcement. SHEN is the reserve token to be used in preserving DJED’s peg to the dollar and is supported by Cardano.
In the meantime, COTI, the payments platform in charge of the stablecoin’s issuance, has made a number of advances to guarantee the launch is a success with the introduction of DJED anticipated on the mainnet this month. The public testnet version of DJED v. 1.1.1 with Vasil compatibility was made available by COTI last month.
The developers of the meme currency Shiba Inu (SHIB) have published an update on their website to provide the community with information on the forthcoming beta release of Shibarium, which is a layer-2 network that will operate on top of the Ethereum mainnet.
While this was taking place, evidence showed that Ethereum (ETH) whales were purchasing an increasing amount of SHIB in preparation for the launch. According to the information provided by WhaleAlert, the top 100 ETH whales’ combined holdings of Shiba Inu Coin now total more USD than any other cryptocurrency. To reclaim the lead, SHIB used a flip of the Staked Ethereum token, abbreviated as stETH.
In addition, the price of SHIB has climbed by 5% in the last day, and it has increased by 21.5% in the last week, making it one of the cryptos in the top 20 cryptocurrencies to perform the best in the past week.
The developers of Shibarium emphasized that the Shibarium project is being built in order to give a platform that will enable the community to construct and expand the project and realize the founder’s goal.
The developers have said that the intention was not to enhance the price of the meme currency, despite the fact that some people feel that developing Shibarium is a means to do so.
The addition of a burning mechanism for SHIB, which is one of the most often requested improvements for the project, is one of the most important updates included in the latest announcement.
The developers state that every transaction that takes place on the network will necessarily involve some number of SHIB tokens being burned. Every time a transaction is carried out inside the network, this process will be activated.
Though they did not provide a release date, the developers assured us that we will be hearing from them very soon with the answers to all of our pressing queries about when the beta would be available, so let’s wait and see.
Huobi, one of the world’s leading virtual asset exchanges, has announced a partnership with Solaris, to deliver a crypto-to-fiat debit card that will enable Huobi users to spend digital assets at the point-of-sale globally.
The Visa-approved program will be available to both new and existing users residing in the European Economic Area (EEA) from Q2 in 2023. They will be able to select and spend from a range of different digital assets linked to their card at the point of sale, via their Huobi trading account.
This card functionality will remove friction from the user experience, saving time for Huobi users when it comes to on/off ramp fiat and digital assets between accounts and cards. Huobi VISA card holders who pay with Huobi’s platform token Huobi Token (HT) will be rewarded with cashback benefits in accordance with their card levels. Solaris will be providing full end-to-end processing and issuing capabilities for the program, including Visa BIN sponsorship.
Justin Sun, a member of the Huobi Global Advisory Board, said:
“Huobi highly values our user experience and continuously works to drive improvement for users. This partnership will help us deliver a better experience to our users.”
The Huobi-branded Visa debit cards will offer users a range of loyalty benefits and are powered by Solaris’s Buffer card issuing and secondary authorisation technology. Buffer enables cardholders to make payments via a primary fiat account by connecting to a wallet of value (e.g. digital asset) held in a secondary account to deliver a frictionless payment experience. In the future, the card will be deeply binded with Huobi’s platform token Huobi Token (HT) to offer more benefits to card holders.
Andrea Ramoino, Chief Strategy Officer at Solaris said:
“We are excited to be partnering with a market-leading virtual asset exchange to deliver frictionless crypto- to-fiat point-of-sale spending to the Huobi community, through our market-leading Buffer technology. This is just the first step in our partnership as we look ahead to delivering more payment options to users in the EEA region and beyond.”
Founded in 2013, Huobi is one of the largest virtual asset exchanges in the world. Huobi serves millions of users across international markets. Since its establishment, Huobi has committed to providing first class virtual asset investment services. Huobi’s robust infrastructure, product innovation and capital strength provides a truly customer-centric and secure trading environment to help our international users to achieve their investment objectives.
Please refer to Huobi’s official website for more information: www.huobi.com
Solaris, provides award-winning B2B, banking and payment solutions. One of the FT1000: Europe’s Fastest Growing Companies in 2018, 2019 and 2020. Solaris has offices in the UK, Lithuania and India – and recently completed a merger with Berlin- based Solaris to become Europe’s undisputed leader in Banking-as-a-Service. Solaris benefits from a full license suite, including FCA and Bank of Lithuania e- Money Licenses which cover the EEA, and a full UK consumer credit license. Solaris is a Principal Visa and Mastercard member with full sponsorship and processing capability.
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Snowfall Protocol Is Set To Launch Soon and Investors Have Already Made Major Gains, Shiba Inu And PancakeSwap Can’t Keep Up!
Snowfall Protocol (SNW) is set to launch soon and investors are already looking forward to new opportunities for major gains. Shiba Inu (SHIB) and PancakeSwap (CAKE), two of the most popular DeFi projects, will have a hard time keeping up with Snowfall’s potential returns. In this article, we interview experts on why Shiba Inu (SHIB) and PancakeSwap (CAKE) are not the best choices to invest in for the years to come.
Expert’s Opinion On Shiba Inu (SHIB) and PancakeSwap (CAKE)
“First off, Shiba Inu (SHIB) is a digital token that has grown in popularity due to its Shiba Inu logo and meme-style marketing campaigns. It is often referred to as ‘Dogecoin killer’ and has had a major surge in trading volume over the last few months. Despite being popular, Shiba Inu (SHIB) is still an extremely volatile asset with the high risk involved. Many experts like myself do not recommend it as a long-term investment due to its lack of any solid fundamentals.”
Experts clearly are warning against investing in Shiba Inu (SHIB). But what about PancakeSwap (CAKE)?
“When it comes to PancakeSwap (CAKE), it is also a digital token and has seen its own growth in trading volume. What sets PancakeSwap apart from Shiba Inu (SHIB), however, is its lower volatility and more established infrastructure. PancakeSwap (CAKE) is primarily used as an exchange platform to trade tokens on the Binance Smart Chain blockchain, and it has become one of the most popular decentralized exchanges (DEX) in the DeFi space. Despite its popularity, PancakeSwap is still not cross-chain compatible”
PancakeSwap (CAKE) has some flaws. However, there is still hope with Snowfall Protocol (SNW)
Why Snowfall Protocol (SNW) Has A 1000x Potential
Snowfall Protocol (SNW) is a cross-chain transfer ecosystem built for fungible and non-fungible tokens. It is capable of providing users with the ability to swap assets across the most widely used EVM and non-EVM compatible chains.
Snowfall Protocol (SNW) will be bringing millions of people on board to communicate with every blockchain and bridge the gap between the traditional financial system and cryptocurrencies. This is like how Noah’s Ark enabled animals of all kinds to cross the sea together.
Snowfall Protocol (SNW) has the potential to become a major player in the DeFi space, and its 1000x returns are already attracting investors. With its wide range of features, Snowfall has a real chance to revolutionize the DeFi industry like never before.
Snowfall Protocol (SNW) will be introducing a new cross-chain yield farming platform that many experts expect to bring massive return potential of up to 100Snowfall Protocol0x. This is one of the key reasons why investors are already placing their bets on Snowfall Protocol (SNW), as it provides an opportunity to not only generate returns but also to diversify their portfolio in the DeFi space. Shiba Inu (SHIB) and PancakeSwap (CAKE), on the other hand, are relatively high-risk investments with more volatility.
Snowfall Protocol (SNW) is set to launch soon and it has already witnessed major growth before its launch date of February 3rd. With the final stage ending in less than 30 days, investors are advised to jump on this opportunity and make major gains with Snowfall. 🚀👌 🤑💎
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Shiba INU has often been considered as done and dusted, as its prices have seemed to be stagnant. However, the popular token has consistently rebounded, showing its resilience. In a recent update from the official Shibarium network, it was announced that the beta phase of the network will be launching soon, with BONE being the official token used as a utility token and for gas fees.
The network made it clear that Shibarium has been developed specifically for SHIB tokens and is not connected to any other projects. This announcement led to a surge in buying volume for SHIB, causing the price to rise above the crucial resistance at $0.00000833 and reach $0.00000880. However, there has been a minor bearish action that has caused the price to dip slightly, but it is expected to rebound after completing a correction.
Since rebounding from support around $0.00000750, the SHIB price has been trading along the lower trend line. Recently, the price rose above the average levels of the rising parallel channel but was rejected in an attempt to break through the upper resistance of the channel and experienced a slight pullback which may bring it down to test the middle bands again.
After a brief period of consolidation at these levels, the SHIB price may rise back toward the resistance, but may not break through it immediately. Instead, it is expected to consolidate along the upper resistance in an ascending manner. Currently, trading volume has spiked by more than 115%, with the bulls dominating and therefore a notable upward move appears imminent.
The bears have a strong grip around $0.000009, so it is important to stay above $0.0000855 to maintain the bullish streak.
The post <strong>Anticipation Runs High As Shibarium’s Launch Inches Closer</strong> appeared first on Coinpedia Fintech News
A Shiba Inu developer, “Shiba Trophias,” recently tweeted that “time is ticking for the project’s official rollout.” The tweet was believed by the SHIB community to be referring to the release of Shiba Inu’s layer-2 network (L2), dubbed Shibarium.
However, the tweet did not explicitly mention Shibarium and instead noted that the V1 design of the project is complete and the development team is finalizing the contents. The launch will be in phases, but it is unclear which project the tweet was referring to. In response to a tweet asking if the tweet was about Shibarium, Trophias replied in a generic sense that the tweet could refer to the entire Shiba Inu ecosystem. A similar reference was made by Shiba Inu’s lead developer, Shytoshi Kusuma. It is unclear if either tweet was specifically referring to Shibarium.
In September of this year, blockchain media outlet, Cointelegraph, reported that cryptocurrency trading platform MEXC has ranked as the world’s top liquidity provider. Recently, MEXC announced the growth of its contract businesses, and its average daily trading volume has reached an increase of 1,200%.
Users first, MEXC’s Changing for you」has always been the service philosophy that MEXC adheres to. The ‘Zero Maker Fee’ Event is set to launch to give back to MEXC’s futures users. The activity starts on December 1st.
It is understood that to date, among the mainstream cryptocurrency trading platforms, MEXC is the only platform in the world that offers zero maker fee for futures pending orders. Andrew Weiner, VP of MEXC, said:
“In 2022, we will focus on optimizing futures products and basic liquidity according to users’ needs. Presently, our liquidity has reached rank 1 globally amongst the top 50 trading platforms by market value.”
Since Q4 of 2018, MEXC has consistently launched and upgraded their futures products. In October 2022, MEXC upgraded the futures products and launched the second-level K-line function. These upgrades not only gave users a better trading experience but also met users’ needs for more timely and intuitive transaction information – allowing users to experience real-time prices, trading volume, order depth, and more exciting and technical features.
In terms of consistently engaging with MEXC users, MEXC regularly launches Futures M-Day, Super X-Game, Contract Carnival Week, and other user-friendly activities that bring various rewards and bonuses to their users. This ‘Zero Maker Fee’ Event is a unique and one of many long-lasting and high-level activities featured on the platform.
MEXC’s perpetual contract has launched more than 169 tokens and 179 trading pairs now, covering multiple focuses such as public chain, cross-chain, Layer 2, DeFi, and other sectors. MEXC’s perpetual contract is the fastest performing function run on the entire network. It has the most abundant derivatives that can be traded, providing each user with various and precise choices.
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop services such as futures, spot, ETF, NFT Index, etc., serving 10 million users worldwide with the philosophy of Users first, MEXC’s Changing for you. For more information, please visit the MEXC official website and official blog, and follow MEXC Global and M-Ventures&Labs.
Company Name: MEXC
Name: Jenny Sun
Email: [email protected]
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Uniglo.io is one of the newest treasury value-driven protocols on Ethereum, set to launch imminently. The presale has created noise across Ethereum-alternative network communities, mostly from intrigued potential investors.
With many of these chains issuing incentives for deploying on their networks, Uniglo would likely see some offers for cross-chain deployment sooner or later.
Polygon has been one of the more bullish cryptos of the last six months, with news about collaborations as large as Disney bringing about positive sentiment for the chain.
With the ability to scale far better than Ethereum, and transactions costing cents rather than dollars, Polygon is building grounding for a solid future. With a desire to bring as much liquidity, use case, and quality projects into the Polygon ecosystem, Uniglo would likely be a target for bringing cross-chain.
The Polygon team has already given millions of dollars to projects like Uniswap, Aave, and others that can bring much more value to the network. The incentives will continue to be doled out to those platforms worthy of them.
Why is Uniglo worthy?
Uniglo has already been rated as one of the best cryptos to invest in for 2022, and this is not really a surprise after flicking through the whitepaper.
The project aims to develop a treasury of tokenized real-world assets that have shown sustained gains and are usually considered safe investments. These assets will be held in the Glo Vault, where the appreciation in value is delivered back to holders of the GLO token. Providing fractional investment opportunities is something many investors with smaller capital are always on the lookout for. Providing access to these fractional investments of high-ticket price items is incredibly bullish for GLO holders.
In addition to this fractional treasury ownership and sound protocol safety in full contract auditing, the team is also deploying an in-built token burn. This will cause a long-term deflationary effect, meaning each GLO token will slowly equal a higher percentage of treasury ownership.
This incredible concept of generating wealth through fractional investment, and allowing smaller investors access to high-value items, will no doubt be something the Polygon team will want to deploy on their network. Time will tell, but such a cross-chain move will be incredibly bullish for all involved.
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After Binance CEO Changpeng Zhao announced crypto recovery funds, OKX has now stated $100 million in recovery funds in order to aid projects that are facing liquidity issues. The exchange believes it is important to support the firms and this will be in collaboration with OKXChain and OKX Demo Day.
Binance’s industry recovery fund has gained support from Huobi and Tron founder, Justin Sun as he is of the opinion that this will support builders and developers to recover from their loss during the crisis. Also after Binance announced the news, the first two cryptocurrencies Bitcoin and Ethereum price shot up.
Have you heard of Uniglo yet? This hot new project is grabbing investors’ attention with its ingenuity, ease of use, and smart action: Uniglo’s latest announcement that all remaining tokens leftover from the launch are to be burned has been met with great enthusiasm by holders. This is unsurprising, as typically mass-burn events create major upwards price pressure. Read on to learn more about Uniglo and how to get involved before the launch.
Uniglo.io Burn Event
Uniglo is the very first multi-asset backed treasury led by its community. Holders of native token GLO are eligible to vote on key decisions regarding the direction of the project, such as whether or not to burn on launch. Voters also must decide what to hold in the Uniglo Vault. The Vault is designed to contain all kinds of assets, from the usual cryptocurrency and NFTs, to more exotic, tangible choices like fine art, classic cars, collectibles, and precious metals. Anything that can be held for profit is on the table. Most people would never have the opportunity of capital to access the riches of the Uniglo Vault, but by pooling cash together in the treasury, the Uniglo community has immense buying power, and everyone is entitled to a slice of the profit it will inevitably generate. With a bear market underway, the Vault is set to reap great rewards in time.
SHIB and BNB Burns
Shiba Inu (SHIB) is a cuddly meme token with a strong fanbase, available on most exchanges. Early adopters made massive gains after half of the tokens were burned by one holder: Ethereum founder Vitalik Buterin. Since then, the token has suffered painfully low burn rates and will never see burning on the same scale again.
Binance Coin (BNB) was also up against slow burn. Changpeng Zhao introduced a real-time burning mechanism (BEP-95), which burns a portion of gas fees to counteract the inflation damage. Quarterly burns were replaced by BNB Auto-burn, anchored by BNB price and the number of blocks generated on BSC (per quarter). Needless to say, white effective, these measures bring nowhere near the level of burning expected from the Uniglo burn event.
Uniglo is set to launch on Ethereum Network next week: time is running out. Act fast if you want a piece of GLO before the big burn event sends prices skywards.
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Built by gamers, for gamers, W3E Championships will be the first live tournament to take advantage of the evolving world of decentralized gaming.
W3E – the first ever live tournament for web3 Esports – will be welcoming the world of web3 gaming to Istanbul Blockchain Week. The event will take place on the 17th of November at the ESA Esports Arena in the heart of Istanbul, and will also include game showcases, exclusive announcements from developers, demo testing and a nail-biting competition in one of the world’s most popular web3 games. W3E is managed and overseen by Team Lead, Damian Bartlett, and Marketing Strategist, Thang Phan, a former member of FaZe Clan – both are veterans and ex-pros of the gaming and esports world.
Concurrently, W3E will also be hosting the world’s first web3 gaming expo on the periphery of the W3E Tournament. Attendees will have the opportunity to see emerging projects, test upcoming web3 games and network with the development team.
EV.io, a first-person shooter set in a series of futuristic arenas — and the most popular game on the Solana blockchain — will be the event’s league partner and lead game for the tournament. EV.io was built from the ground up with low system specs in mind, and designed to be open and accessible to all players. The game has a fast-paced style of combat with a range of weapons to choose from – complete with a range of exciting abilities including teleport and impulse grenade – for an exhilarating gameplay experience.
W3E will be inviting top-ranked European and Turkish teams for a live white knuckle tournament in the heart of Istanbul. In an effort to expand the decentralized gaming ecosystem, W3E will also be inviting players of traditional web2 FPS games to take part.
Web3 gaming like you’ve never seen before
EV.io is also a free-to-play, play-to-earn game where players can earn e (their in-game token) which can be converted to Solana and fiat currency. Unlike many play-to-earn games, EV.io’s revenue is generated from advertising and not new players.
EV.io will also be producing bespoke W3E-branded skins and weapons for players to use during and after the tournament.
“I am incredibly excited to be leading the team putting on the first ever live Web3 Esports tournament, alongside the first Web3 games expo,” says Erhan Korhaliller, founder and CEO of W3E and Istanbul Blockchain Week. “Web3 gaming is the next leapforward in this revolutionary technology. Watching it mature over the past few years has been incredible, but 2022 feels like the inflection point. It is a privilege to have our contestants play EV.io, and I couldn’t be more proud to welcome the world to what will be a history-making event in this space.”
“We’re excited to be part of Istanbul Blockchain Week, and contribute to a growing web3 esports scene,” says Chriss Scott, co-founder and game director of EV.io. “We’re huge fans of W3E and support their initiatives in moving the needle forward.”
Putting Web3 gaming at the heart of Istanbul Blockchain Week
The inaugural W3E event will take place during Istanbul Blockchain Week. First founded in 2020 as the brainchild of EAK Founder and CEO, Erhan Korhaliller, Istanbul Blockchain Week was brought to life in order to bring a high quality web3 event to Turkey.
W3E is the latest event brand from web3 agency EAK Digital, and follows on from the successful BlockDown Festival: Croatia which took place in May of this year.
W3E will be welcoming members of the media to attend the event, if you would like more information, or would like to enquire about a media pass to Istanbul Blockchain Week, please email [email protected]
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If you haven’t heard about the initial coin offering (ICO) of a groundbreaking cryptocurrency project called Uniglo.io (GLO), it’s time to learn about it fast. This project is attracting a wide range of investors who come from different backgrounds because it can simplify passive income-making and digital asset ownership.
Moreover, Uniglo.io has proposed implementing a distinctive token burn that is expected to slash its token supply immediately. The Uniglo.io community has already approved this proposal, which means the GLO token could come close to the impressive growth trajectory of Shiba Inu (SHIB) or DogeCoin (DOGE).
Uniglo.io (GLO) is a new social currency based on the Ethereum network. It introduces its Ultra-Burn Mechanism, which helps keep the value of its GLO tokens on the rise. By regularly removing large portions of GLO from the secondary market, the project ensures substantial passive gains over the long term. The burn feature alone has invited an influx of token purchases from interested buyers.
To ensure stable growth for GLO, Uniglo.io also maintains a Vault to store stable and appreciating assets such as stablecoins, digitized gold, tokenized physical collectibles, and rare non-fungible tokens (NFTs). As such, the project takes advantage of the emerging transition of high-value physical assets into their tokenized forms. In the future, even if the market fluctuates or reverts to a bearish condition, GLO will remain strong and stable.
While the Vault is meant to maintain the appreciation of digital assets, Uniglo.io is also designed to keep up with the volatile crypto market. As such, the Vault also holds volatile cryptocurrencies that have strong potential for gains.
Shiba Inu (SHIB)
A cryptocurrency based on Ethereum, Shiba Inu was launched in 2020 as an alternative to DogeCoin, the first meme coin based on dogs. Its developers created a dog-themed metaverse where users can play, explore, be creative, and earn passive income. The native coin, SHIB, circulates the marketplace and is used in DeFi apps to lend, save, and exchange assets like NFTs.
Dogecoin is a digital currency created in 2013 to serve as a tipping system to reward Reddit and Twitter content creators who achieve audience engagement. It has a one-minute block time, which is faster than Bitcoin’s 10-minute block time. Unlike other cryptocurrencies, the supply of DOGE tokens is uncapped. Miners can collect an unlimited number of DOGE coins on their own or by participating in a mining pool.
The bottom line
With a major burn event to be held after the launch on the 19th of November, market watchers are touting Uniglo.io (GLO) as the most promising launch of 2022. It is also considered one of the top cryptocurrencies set to explode very soon. GLO is looking more like Shiba Inu (SHIB) and DogeCoin (DOGE). However, contrary to the two coins, the GLO token takes into account long-term growth and hedges against speculation and volatility.
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Token burns are hugely important in the crypto world. They help prevent deflation and increase scarcity, making them dramatically different from regular fiat currencies in the current climate. Traditional fiat currencies like the dollar sold off their reserves long ago and can now be printed whenever necessary to help raise funds. But this printing of extra money devalues the already circulating dollars.
Crypto projects address this issue by implementing burns instead of minting more coins. Some do this alongside allowing mining or proof of stake protocols to help balance the creation of new tokens by destroying some existing ones. However, some crypto projects never print or mint any new tokens and continue to burn over time to make them more scarce over time. Uniglo makes the most of one of the most effective burn mechanisms ever seen in crypto.
Uniglo’s burn mechanic is remarkable. It’s referred to as “ultra-burn.” With it, tokens are burned on every transaction, but the platform’s treasury repurchases more tokens to burn as well. So, even more tokens are burned with GLO than any other platform. The funds for these purchases are raised via a small sales tax, which is also used to buy assets for the GLO vault. With the GLO vault, even more deflationary credentials are offered to holders. Industry expert Jim Crypto has already selected Uniglo as one of the best new tokens in the space, so follow his advice and invest in it as soon as you can.
BNB Coin (BNB)
BNB is also a highly recommended token, but it offers different burn credentials than Uniglo. However, as an essential part of the Binance ecosystem, it still gives upsides for investors. There are a range of benefits on Binance if you hold BNB Coin, and it could have a strong future.
Shiba Inu (SHIB)
Shiba didn’t initially have strong burn credentials but has recently moved to distance itself from the claim that it’s just a meme coin by introducing a substantial new burn campaign. Holders will be rewarded with passive income gains in return for burning some of their tokens to shore up supply and prime SHIB for growth. The burn mechanics still aren’t as strong as Uniglo’s, but they’re a dramatic improvement on what SHIB used to offer.
SHIB and BNB don’t have the same burn credentials as Uniglo, but they still might be good investments. However, GLO has some of the strongest burn mechanics ever seen in crypto and is primed for strong growth over the next few months.
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Join Presale: https://presale.uniglo.io/register
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Uniglo’s community has made its first major collective decision by voting to burn all remaining tokens leftover from the launch, a move that will see native token GLO make great gains and has the potential to catapult Uniglo into the top 100. Watch closely, and purchase soon if you are interested in this unique project.
Uniglo.io Burn Proposal Passed
The Uniglo vote on the burn event is the project’s first major democratic decision, certainly not the last for this social currency. Holders can expect to have a say on a wide range of topics, but most importantly, what to buy and hold in the GLO Vault. The Vault is multi-asset backed, meaning it will house not only digital assets like NFTs and cryptocurrency but also real-world treasures like fine art, gold, collectibles, and class cars – anything that typically could be expected to appreciate in value over time. A varied spectrum of assets, therefore, underpins the value of GLO. Users will vote to buy GLO to burn, allowing them to boost the floor price. GLO also benefits from its special Ultra-Burn mechanic, which employs a 2% transaction tax to be burned immediately. The pool of GLO will be ever shrinking at a rate that increases as the token is more widely adopted and used up with trading.
Dogecoin is one of those projects that has earned its place in cryptocurrency history, defying naysayers and delivering massive profits back to those who committed early. DOGE reached its all-time high of $0.7 in May 2021 and generally continues to perform well, especially as the favored cryptocurrency of billionaire Elon Musk. DOGE currently sits at number 10 in the top 100.
Shiba Inu is another meme-coin that reached the heights of fame and success, enough to rival Dogecoin. Despite humble beginnings as a fun currency, Shiba Inu continues to announce developments like Shibaswap, introducing two new tokens, LEASH, and BONE. SHIB is number 14 on the top 100 listings.
Projects like Dogecoin and Shiba Inu were never expected to take up places in the top 100, yet these protocols defied the odds and remain strong contenders on the market. With this in mind, think about how well a project like Uniglo, with a genuine use case and strong burn system, will perform in the future. Next stop: Top 100. Get involved with presale now while limited allocation lasts.
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On October 25, the cryptocurrency trading platform MEXC upgraded the function of future products and launched the second-level K-line function. MEXC is the first cryptocurrency trading platform in the world to launch the future second-level K-line function.
Currently, the K-line chart of the future trading page on cryptocurrency trading platforms mostly accounts for minutes, hours, days, weeks, and months as time periods.
The second-level K-line introduced by MEXC takes into account “1 second” increments as the time period to generate a single candle chart, which reflects the transaction information in a more timely and intuitive manner, such as the current price, transaction volume, and market depth. The launch of the second-level K-line can meet the more real-time and detailed trading information needs of ultra-short-term, higher-frequency, and higher-leverage trading users, making the experience better and more exclusive.
According to the MEXC future information, second-level K-lines have been added to the BTC_USDT and ETH_USDT trading pairs, and second-level K-line charts for more currencies will be supported in the future.
It is reported that MEXC future products were launched in 2018. And in June 2020, a major upgrade was made to its trading system and products, focusing on optimization and upgrading from the aspects that users are most concerned about such as trading system stability, basic depth, security risk control and user experience.
After 5 years of continuous technical upgrades and product optimization, MEXC’s perpetual future liquidity has reached worldwide top 1, supporting 169 cryptocurrency tradings and 179 trading currency pairs, with smaller price differences and better depth.
A month ago, MEXC also launched a new MX token fee deduction function – which means future tradings can also use MX Token for fee deduction, and enjoy a 10% fee discount.
As a one-stop cryptocurrency trading platform for aggregate futures, spot, leveraged ETF transactions and staking services, MEXC’s global service users have exceeded 10 million as of September this year. According to CoinGecko data, the current daily trading volume of MEXC is about $1.72 billion, of which the daily trading volume of BTC is $750 million.
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 10 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 1,600 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 M-Ventures & Labs.
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BitKeep is building a security barrier in the dark jungle of crypto world.
The top Web3 multi-chain wallet BitKeep announced on October 20 that BitKeep is now carrying out a security upgrade jointly implemented by BitKeep and leading blockchain security institutions SlowMist and CoboSlowMist, with the ambition to provide better services and build a security barrier in the dark jungle of crypto world.
SlowMist is a blockchain security firm established in January 2018. The firm was started by a team with over ten years of network security experience to become a global force. Its goal is to make the blockchain ecosystem as secure as possible for everyone. The firm is now a renowned international blockchain security firm that has worked on various well-known projects.
Cobo is Asia-Pacific’s largest crypto custodian. Trusted by over 300 institutions and HNWIs to grow and protect their crypto assets, the company focuses on building scalable infrastructure and powering the Web 3.0 revolution around the world. Its respected security team also features regularly in crypto communities for its contribution towards protecting the crypto ecosystem and patching the vulnerabilities in protocols.
The BitKeep Security Upgrade Initiative was introduced by BitKeep and powered by SlowMist and Cobo teams. As part of this Initiative, the task force from three companies will work together to conduct in-depth and comprehensive audits and security upgrades for BitKeep products.
BitKeep was founded in 2018 and gained a user base of nearly six million across 168 countries and regions, given its robust security, rich assets and constant innovation. BitKeep forged a strategic partnership with multiple top 30 mainnets (including Ethereum, BNB Chain, Polygon, Solana, etc.) and has become their authorized wallet. In May 2022, BitKeep completed a $15 million Series A funding at a valuation of $100 million, led by Dragonfly Capital, with joint investments from well-known institutions such as KuCoin and Foresight Ventures.
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Recent reports indicate inflation continues to rise. This comes when many households are already struggling with growing living costs. While current economic woes aren’t the fault of crypto, the broader implications have also affected the crypto market. Many regular investors have less disposable income and, therefore, less to invest in crypto, causing negative pressures in the digital currency world.
That’s why Oryen’s launch comes at the perfect time when the crypto world is looking for another major breakout star. With Oryen’s incredible range of fundamentals, it could be that star. Investments are increasing while it’s still only entering its first pre-sale phase, giving you critical advantages over the rest of the market and solid price potential for when it officially launches.
Oryen helps make passive earning easy in the crypto world. Investors have been attracted to the strong yields on offer in crypto for some time, but they’ve also been put off by some of the strategies needed to earn these yields. Things like staking and liquidity pooling can be complicated for newcomers to understand. They also make earning not completely “passive,” as you often have to move tokens and manage staking procedures yourself to make good incomes. With ORY, you don’t even have to know what staking is to start benefiting from the most significant passive income gains in the space.
This is all thanks to the innovative Oryen Autostaking Technic (OAT), which pays out regular rebase rewards every hour directly into your wallet simply by holding the token. That makes it completely secure and extremely straightforward. All you have to do is buy, hold, and earn. Oryen also offers substantial 90% APY returns, compounding from a rate of 0.177% per day. They’re the fastest and most secure rewards, and you can earn them with zero hassle.
Oryen looks well-placed to become the go-to passive earning option in crypto for those looking for strong gains and complete ease of use. This comes at a critical time when the market needs some good news. ORY could be it.
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The post Samsung to Launch Knox Matrix Blockchain-Based Smart Device Security System appeared first on Coinpedia Fintech News
The consumer electronics giant Samsung announced the launch of Knox Matrix, a blockchain-like security framework for smart devices, at the recent Samsung Developer Conference.
While the company was short on information and did not go into depth about the system’s inner workings, it did emphasize that it will interconnect the various smart devices available on a network to boost security through “multi-layered mutual monitoring.”
For example, Samsung claims that connecting a phone to another smart device, such as a TV or a smart AC, will protect these products from being compromised.
The crowdfunding sector is growing exponentially, with the overall market projected to grow to around 28.2 (USD billion) by 2028. However, despite the public’s rising interest in starting crowdfunding projects and contributing to them, the Decentralized Finance (DeFi) world has yet to make an impactful contribution. As a solution, Definder is pleased to announce the launch of DF Platform.
DF platform efficiently brings business and online Fintech together for maximum synergy and profit. Their aim is to improve the way crowdfunding is executed by integrating the power of DeFi and DAO and removing the strict and bias firewalls of centralization.
Each user will be able to determine for themselves how to use the DF Platform: finance ready-made businesses and make money; join innovative startups and develop them with a team of like-minded people; earn money on a personal referral system; communicate directly with business owners; be involved in the development of the project until goals are achieved. The platform uses the DNT utility token, and all investments are made in stablecoins. For users to be insured and to be able to manage their own risks, each project has its own insurance pool and smart contract.
The absence of regulatory restrictions on reachable demography is another important factor that sets decentralized solutions apart from centralized ones. No matter where you are in the world, you can utilize the platform to invest and propose your projects for funding. Projects from the following niches will be listed on the platform in the near future: Asian Real Estate, Gaming, Europe FinTech, several promising American startups, etc.
Blockchains like the Binance Smart Chain (BEP20) allow for continuous expansion, the abolition of centralization, and an improvement in transaction speeds, allowing DF Platform to beat the industry norm. Because every transaction on the network can be easily tracked and publicly verified, this decentralized crowdfunding platform will offer unparalleled transparency. The user-friendly platform will have its own iOS and Android mobile application this autumn, enabling customers to access it wherever they are.
Innovative and community-first initiatives are a description that captures the ethos of the DF Platform immaculately. Between the crowdfunding project creators, financial contributors, and all the participants who bring diverse skills to the table, DF Platform is democratizing crowdfunding by opening up the platform to everyone.
For more information about DF Platform readers can explore the following links:
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
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DieFi mitigates the risk of lost digital assets coursed by memory loss, emergency, or death.
Gibraltar – September 29, 2022
FortKnoxster, a leading cybersecurity company in the crypto space, launched its DieFi solution on Token2049 in Singapore. DieFi is developed to avoid lost digital assets, a Trillion-dollar problem in the industry. According to Chainalysis, over 20% of all crypto is inaccessible due to memory loss, mistakes, or death.
Binance founder Changpeng Zhao (CZ) recently addressed this problem as “the hardest problem in crypto which has not been solved.”
DieFi solves this problem, paving the path to Web3 mass adoption. The Diefi platform enables users to register their crypto information in a trustless end-to-end encrypted environment based on the zero-knowledge principle. FortKnoxster, nor anybody else, can access any data stored, therefore it can only be accessed by holding the exact private keys to the DieFi platform.
DieFi enables users to assign beneficiaries to specific crypto assets, ie. ledgers, wallets, NFTs, nodes, etc. DieFi also comes with E2E encrypted file storage where confidential documents, notes, etc. can be stored safely.
In case of an emergency, a so-called Dead Man’s Switch is triggered. Hereafter, DieFi will automatically reach out to the assigned beneficiaries, who will undergo a comprehensive real-time ID verification, including face scans and several security checks. If the verification process is passed, the beneficiary will be handed over the DieFi private keys and can hereafter log into the benefactor DieFi platform.
Once logged in, the beneficiary can access all registered information and act accordingly. Several beneficiaries can be assigned to specific assets or dedicated file folders.
Furthermore, users can assign themselves as beneficiaries, and in case of i.e. memory loss, they will be able to regain access to their crypto.
CEO and co-founder Niels Klitsgaard comments: “Since the early days of crypto, this has been a significant problem in the industry. We are happy that we now help raise the bar in the web3 ecosystem and take crypto security to the next level, benefiting not only the user – but also the loved ones.”
DieFi is designed using the strongest encryption algorithms available combined with a range of various technologies such as time-based encryption, smart contracts, AI, and zero-knowledge architecture.
FortKnoxster, which Danish cybersecurity experts founded, has developed the DieFi solution over the past several years. The platform can be used by both retail crypto holders and professional institutions. The DieFi platform has been audited by three leading party security companies.
Press contact: [email protected]
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The post El Salvador to Launch New Offering in 8 Weeks, Buys Back $565M Worth of Bonds appeared first on Coinpedia Fintech News
On Wednesday, President Nayib Bukele said that El Salvador has purchased back a part of its sovereign debt bonds maturing in 2023 and 2025 totaling $565 million. El Salvador purchased 54% of the bonds maturing in 2025 for a total of $432 million and 22.4% of the bonds maturing in 2023, for a total of $133 million. The bond repurchase can be presumed as an attempt by the country to dismiss the rumors of a potential default on its debt.
Bukele revealed the initial repurchases have helped the country save more than $275 million. Bukele also disclosed that El Salvador will be launching a new offer for the remainder of the 2023 and 2025 bonds in eight weeks.
GBR Coin’s website clearly highlights the strategic roadmap for 2022, and as for the Q4 arm of the map, the platform is set to launch its Initial Coin Offering (ICO) sometime in September, alongside onboarding new Web3.0 experts, and sponsoring the World Blockchain Summit 2022.
GBR Coin is a Real Estate and Investment Firm based in Dubai, delivering many real estate-centred services like home sales, 1031 tax-deferred exchanges, full-service property management, and marketing and buying of investment properties.
Being 25 years in the real estate business, GBR offers a unique edge by being a self-regulated Decentralized Finance (DeFi) platform enabling lightning-speed and secure transactions.
While anyone can use GBR Coin and is free to inspect a product’s data and its working, the DeFi platform provides complete control of funds and their movements to the user. All transactions are pseudonymous and processed in a matter of a few minutes due to the underlying blockchain technology.
GBR Coin uses a Polygon network-based transactional framework that facilitates fast transfers and low transaction fees. Built on complex mathematical numbers and strings, GBR Coin harnesses blockchain technology to protect itself from hacking and false information.
Hence, pushing the real estate market in a new direction by becoming a go-to payment gateway for the industry. Currently, the real estate sector faces its biggest challenge in non-transparent contracts between third-party entities, leading to potential fraud, money laundering, and corruption.
Moreover, unsecured titles and data management, as well as, slow unsafe transactions, is hampering the growth and user experience in the real estate industry. However, GBR Coin is battling these problems by developing a community-driven project to create a platform where challenges in real estate are being solved by a range of blockchain and cryptocurrency facilities present in one ecosystem.
With increased scalability, flexibility, transaction speed, and low fees, GBR Coin allow high levels of liquidity to ensure fair asset prices, market stability, higher technical analysis accuracy, and faster transactions.
Follow GBR Coin’s social media channels to stay up to date with the latest news:
Twitter – https://twitter.com/gbr_coin
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LinkedIn – https://www.linkedin.com/company/gbr-coin/
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