DAO1 Announces Its Very First International Blockchain Hackathon

DAO1 Announces Its Very First International Blockchain Hackathon

DAO1, an all-inclusive community-led financial blockchain ecosystem project, has finalized the dates for its very first International Blockchain Hackathon. The multi-stage event is scheduled to occur between June 18 – July 2 this year and registration for Stage 1 are open until June 18, 2021, at 23:59 UTC.

This affair will lead to a series of other hackathons to be held by DAO1. Its greatest expectation is to give a chance for persons with innovative projects to showcase them to the wider community.

The DAO1 project is governed by the Decentralized Autonomous Organization (DAO). Its ecosystem offers some of the best innovative financial products and services. This follows its mission of promoting universal access to expert-provided financial solutions.

The upcoming Hackathon and the DAO1 Incubator Program are among the initiatives designed to promote the development of unprecedented block-chain financial solutions.

 Persons interested in the International Blockchain Hackathon can register for the event on the hackathon website. Thereafter, participants are required to fill an accompanying registration form which includes a brief description of their proposed innovative idea. The applications will then be reviewed by a jury consisting of expert blockchain developers and industry pundits. Shortlisted participants will be announced on or before June 20, 2021, and these entries will be allowed to proceed to Stage 2 (pre-hackathon).

Afterward, selected entries are required to continuously work on their Proof of Concept (Minimum Viable Product – MVP) which should be submitted before Stage 2 kicks off on June 30, 2021. The jury will interact with teams to get a better understanding of their project and what solution(s) it provides. Subsequently, the judges’ panel will provide an evaluation of the final submissions by July 2 and the DAO1 community will then be given a chance to vote on their preferred project. Based on jury evaluation and community voting, winners of the first-ever International Blockchain Hackathon will be announced.

Winners will get rewards from the 25,000 USDT prize pool in addition to a guaranteed position in the forthcoming DAO1 Incubation Program. From the latter, winners will be able to transform their propositions into fully-fledged products.

The Hackathon’s eligibility criteria stated that those wishing to participate should hold at least 1 DAO1 Token, which they can purchase from DEXs like Uniswap, SafeSwap and QuickSwap or CEXs like BarterTrade and Bilaxy. Additionally, entries from existing blockchain projects will be rejected since the initiative is about supporting new and fresh ideas.

The DAO1 socio-economic blockchain infrastructure has various tools which empower the community through financial inclusivity. Such tools include Decentralized Fund (DeF), Startup Funds, Hybrid Advisory, NFT Charity Initiative, and Incubator platform.

YAAAS: A New NFT Marketplace For TikTok Influencers By WOM Protocol

YAAAS: A New NFT Marketplace For TikTok Influencers By WOM Protocol

WOM Protocol has today launched a new Non-Fungible Token (NFT) marketplace called YAAAS. As per the announcement, this new marketplace will reportedly allow social influencers and music artists to connect while also connecting with their communities. In addition, the marketplace creates a platform that will enable these users to sell their experiences, conduct real-life meet and greets, and collaborate on different projects.

The YAAAS marketplace is currently in MVP and already has various features to allow users to test and help share on its future development. One notable feature on the platform includes the ability for social influencers to trade TikTok Det collaborations. By doing so, YAAAS allows them to monetize their skills while helping others in the community make better videos. In addition, music artists will also be able to monetarize their music by forming partnerships with influencers in the community. 

In addition, the marketplace will also offer fans an avenue with engagement ideas and other relationship-building opportunities through the sale of meet and greets. Fans will also be able to organize in-person and online events.  

While commenting on the launch, Melanie Mohr, CEO of WOM Protocol, said: 

“Social influencers are a powerful force with such incredible reach into consumer markets — we have a real opportunity here to create simple, user-friendly ways to monetize while simultaneously driving mass NFT and cryptocurrency adoption. Of course, when people think of NFTs, they immediately associate them with digital products and artworks, but there are so many more varied use cases, especially in the social networking space.” She added: “Instead of social posts broadcast to millions of fans, think of one-on-one phone and video-based interactions, real-life meet and greets, content collaboration and coaching opportunities, and much, much more.”

For the sellers, the process is fast and easy. All they need to do is set up an action for their service, set the minimum, and buy now price while. On the other hand, buyers will need to register with YAAAS and set up a payment method. Notably, the platform allows for fiat and crypto, Ether, and ERC-20 tokens, including the WOM token, which will be used through a MetaMask wallet. 

Notably, to celebrate the launch, WOM hosted an exclusive invite-only event for influencers on June 10. The event was reportedly held in a secret location in Miami. Top influencers attended it, including @alexyoumazzo, @lelepons, Noriel, a Puerto Rican rapper and songwriter who performed live, and many more.

While commenting on YAAAS, Lukas Rieger, pop singer, and influencer stated:

“Thrilled to have a new NFT marketplace that is focused on use cases for influencers and music artists. A lot of influencers are already familiar with WOM Token and are joining YAAAS.”

CPI and dVest Announce the Launch of dDEXX – An Automated Market Maker based DEX on the Binance Smart Chain (BSC) Network

CPI and dVest Announce the Launch of dDEXX - An Automated Market Maker based DEX on the Binance Smart Chain (BSC) Network

Traders and token holders of all kinds can now earn massive rewards on the dDEXX liquidity pools and yield farms. 

June 16th, 2021 — Fresh off the recent acquisition of the dVest Project portfolio and 

launch of the DeFiVest liquidity protocol, CPI Dev Team, Ltd. — the parent company of the Crypto Price Index project — has announced the launch of the dDEXX Automated Market Maker (AMM) based Decentralized Exchange (DEX) on the Binance Smart Chain. 

In addition to the traditional exchange and swap functionality, users can now earn high APRs in the dDEXX yield farms and liquidity pools by providing liquidity to various trading pairs in the dVest ecosystem, in addition to the transaction fees they earn by providing liquidity in the first place. 

“Our goal is to create a completely decentralized economic system that is self- sustainable, self-balancing, and can reward token holders and participants well, while remaining economically sound over the long term,” said Herbert Law, CEO of dVest and CPI Dev Team, Ltd. “We will be introducing additional features and expanding the platform fairly rapidly over the next several weeks and months,” he added. 

The dVest team is currently developing the Ethereum network version of the DEX and plans to roll that out in the next month, and they are also looking into expanding the platform to other networks as well. 

Check out dDEXX at www.ddexx.io 

For more information about the dVest project, visit www.dvest.org 

ABOUT dVEST 

The dVest ecosystem consists of the DeFiVest liquidity protocol, the dDEXX decentralized exchange, and the Crypto Price Index project. 

dVest tokens power the dVest ecosystem and earn rewards for token holders from dVest exchange revenues, liquidity mining, staking, and more. 

Media Contact :

Contact Name: Herbert Law

Contact Email: herbert@cpiindex.io 

MarX Project Launches An MRC based NFT Marketplace, Gets Listed On Liquid Exchange

MarX Project Launches An MRC based NFT Marketplace, Gets Listed On Liquid Exchange

MarX Project, a Korean-based company, announced it had launched an MRC based NFT marketplace. As per the announcement, this new marketplace will allow users to become creators and value customers within the MarX ecosystem.

MarX Project is reportedly aimed at eliminating the monopoly of intermediate distribution. This will be done by providing a Value Metaverse ecosystem that establishes a sharing network with the direct exchange of value creators and consumers. The MarX platform has a basic structure that shows how technology has evolved over the years.

Unlike many in today’s market, MarX’s MRC Technology is based on the Hyperledger Fabric of IBM instead of the ERC systems. The project chose this technology because it has proven to be more powerful, fast, and provides better user privacy. It is worth mentioning that the ERC technology takes away the uniqueness of commodities, thus separating the rights and copyrights from the creators. 

This new project will significantly reduce the transaction fees within the platform by being different from its counterparts. In addition, it will provide additional protection for the copyrights of creators. 

Currently, the project is listed on the global exchange liquidity as of June 9. This comes two months after the ProBit. 

Additionally, the project has opened the NFT Marketplace in line with the listing of Liquid. The company has also built a SwapDEX to enable MRC-based NFT trading and plans to upgrade the MarX Marketplace to activate NFT transactions. 

MarX Project creates DeFi-NFT protocols and decentralized value ecosystems that are specialized in digital assets. Users can easily convert an existing asset into a digital asset through the platform or issue new ones with DApp. They need to swap crypto tokens with ERC20 for DeFi-NFT or liquidize their digital value asset by securitizing your DeFi-NFT. Also, the project hopes to support economic and social activities with an ethical foundation.

The project will be expected in the last two quarters of 2021; the project hopes to complete its data storage system and its Swap management system. Furthermore, it also plans to build a MArX TERMINAL, support DAO governance framework, have a completed NFT collateral system, built an anti-fake System, and support a liquidity mining program, among many more. In the coming year, the project hopes to support the custodial version, add current trade support, and get integrated with financial and fintech companies globally. 

Betting on Euro 2020 is easier in cryptocurrency at 1xBit

The online crypto gambling site continues to delight its players with new and new wonderful betting opportunities. Euro 2020 is also not left without attention. You can win amazing prizes as you watch the action take place live at 1xBit. But how does this work? Firstly, 1xBit is organizing Euromania 2020, a special online lottery […]

Relite Finance Governance Token RELI Now Available On PancakeSwap

Relite Finance Governance Token RELI Now Available On PancakeSwap

Relite Finance, a decentralized lending protocol, has announced the listing of its native RELI token on PancakeSwap, a superior DEX platform on Binance Smart Chain (BSC).

The Relite Finance team recently completed BSC bridge implementation using a smart contract, thereby enabling the launch of RELI/BNB. The bridge was long-anticipated and was marked as an important breakthrough on the road for Relite to become a revolutionary cross-chain lending protocol. Trading for the RELI/BNB pair went live on Monday, June 14.

Enlisting on PancakeSwap adds to the rapidly growing list of DEX platforms supported for $RELI token. ­­On May 17, RELI finalized its Initial DEX Offering (IDO) and was listed on Uniswap. Since then, the RELI project team has been working towards ensuring RELI’s availability on more exchanges, inclusive of both centralized and DEX. The company plans to achieve these highlights during Q2-Q3 of 2021.

The CEO and founder of Relite Finance, George Groshkov, stressed the importance of the RELI-BSC protocol bridging and assured furthering of similar plans with other major exchange platforms.

He spoke saying:

“The BSC bridge was an important step we had to take for growing the upcoming platform’s level of accessibility. As the DeFi space grows rapidly, we couldn’t ignore the Binance Smart Chain community, standing behind the number of promising BSC-based projects. Now we are delighted to have BSC as a new protocol as another addition to our cross-chain functionality. The PancakeSwap listing we are celebrating today is the latest, but not the last RELI listing announcement you’ll hear about soon!”

Relite Finance enables users to lend, borrow and stake all crypto assets within a single application. The protocol is built on Polkadot multi-chain technology and it utilizes Polkadot’s Moonbeam Parachain, a special reserve fund module, and bridges. Relite’s objectives lie in creating interoperability with various blockchains including Bitcoin and Ethereum. Moreover, it aims at collateralizing NFTs with usability and fees that are superior to what is offered by other competing lending protocols.

Yield Farming Protocol Pera Finance gears up for Strong Holder Offering on DAO Maker

Yield Farming Protocol Pera Finance gears up for Strong Holder Offering on DAO Maker

Incentivization is one of the driving forces to attract participation in a decentralized economy. Pera Finance is an early-stage yield farming protocol that enables traders, liquidity providers, holders, and stakers to farm together. Upholding aspects of sustainability, Pera Finance is one of the profitable yield farming protocols to impart immense value to the users. It is an advanced platform that offers trading and yield farming to drive the long-term utility of the DeFi ecosystem. It aims to integrate decentralization with customized trading competitions to revolutionize DeFi 2.0.

Pera Finance’s native token to debut on DAO Maker

Leading decentralized infrastructure funding platforms have changed the way projects ideate their funding frameworks for future developments. While reducing risks to investors, DAO Maker employs growth technologies building a secure platform for projects to raise funds. DAO Maker is instrumental in transforming ideas to reality where innovative projects like Pera Finance are accelerating towards their success. 

After successfully completing their strategic-funding rounds of $1.75M with close-knit investor support, Pera Finance is all set to launch on DAO  Maker. The Strong Holder Offering is an opportunity for the community to participate in early rounds of accessing $PERA tokens.

The DAO Maker SHO registrations for Pera Finance will take place on 16th June at 12:00 UTC and will continue for 2 consecutive days. The deadline for the registrations is 18th June at 12:00 UTC. Through the upcoming SHO, Pera Finance aims to provide equal opportunity to the community users to participate in the sale. A total of $250,000 worth of $PERA tokens will be allocated to the community at a $0.10 price per token. The allocation is split into a $245,000 SHO & $5,000 community round. The allocation cap per winning participant will be $1000. Users are eligible to participate in both the rounds however KYC is a mandate to access the tokens. 

In order to participate, users have to stake their DAO or DAO LP tokens which can be received by buying the $DAO tokens or adding liquidity to the $DAO Uniswap liquidity pool. Depending on the tranche of LP tokens the users hold, they will be eligible to participate in the SHO. Moreover a random lottery method will be applicable for shortlisting the winning entries. 

Built on the Binance Smart Chain, Pera Finance brings an innovative model of trading and yield farming protocol via customizable decentralized trading competitions with increased scalability. With a strong development and marketing team, Pera Finance has achieved the initial milestones launching websites, whitepaper and smart contract audits. The ongoing performance has garnered massive attention from the community for the upcoming IDO. 

With a stellar team continuously working on the product and development front, Pera Finance aims to integrate with various projects to create their own set of decentralized trading competitions. The platform will drive increased utility due to a number of rewarding mechanisms to end users to participate in trading competitions. 

Follow us on Twitter: https://twitter.com/PeraFinance

Join our Telegram: https://t.me/perafinance

PERA Announcements: https://t.me/perafinanceAnn

Visit our Website: https://pera.finance/

ERC20-Based Stablecoin DIRHAM Unveiled and Backed by AED

DIRHAM: A New AED Backed Fully Regulated Stablecoin With Smart Contract Support

Dirham stablecoin, an ERC20 token-based stablecoin backed by the United Arab Emirates Dirham, has been unveiled. Tied to the AED in the ratio of 1:1, the Dirham stablecoin will cost approximately $0.27.

Notably, the Dirham stablecoin is fully regulated and issued under market conditions depending on the demand. According to the issuer through a press release, the value of the stablecoin will be secured by 20% AED/USD. The remaining 80% will be secured by the issuance or burning of a token within the framework of the blockchain protocol.

To start with, 11,000,000,000 DAH tokens are expected to be released to the market. Out of which, 5% will be allocated to an initial coin offering (ICO). 83% of the initial release is expected to be allocated to the initial public offering. The remaining 12% is expected to be divided in the ratio of 3:3:6. Whereby 3% is expected to be used in remuneration, grants, and other financings. The other 3% is expected to be used in the Dirham fund, for engineering development, building communities, and marketing activities. While the last 6% will be allocated for creators, to the team, and development purposes.

The Dirham stablecoin is currently listed on Coinsbit and Finexbox crypto exchanges. The asset is listed against popular digital assets including Bitcoin, Ethereum, And Litecoin. 

The initial coin offering is currently ongoing and is expected to run until June 19, 2021. Interested crypto users can purchase the Dirham at a 25% discount. After the initial coin offering is completed, the firm has planned for a staking program where users can stake their Dirham stablecoin and earn up to 0.8% in rewards.

The team behind Dirham stablecoin has designed it to act as a base for the Habicoin ecosystem. Notably, the Habicoin network s a separate decentralized ecosystem focused on the privacy aspect and mining capability. 

The Dirham stablecoin is venturing into a vast industry that plays a significant role in maintaining the cryptocurrency industry. Notably, cryptocurrency traders use different stablecoins to protect their capital against huge and unpredictable market volatility.

By having a regulated and a trusted mechanism, Dirham intends to compete with the likes of USDT that has had several transparency issues. Moreover, cryptocurrency users now have an opportunity to use a stablecoin backed by different fiat currencies other than the popular currencies.

Grow House Holds Crypto After Party in Miami to Push For $GROW Token Adoption

Grow House Holds Crypto After Party in Miami to Push For $GROW Token Adoption

Grow House, a non-fungible token (NFT) game that enables users to grow digital weed and earn cryptocurrency tokens, held an in-person event at Story NightClub Miami, Florida to help push its project. Held on Saturday, June 5, 2021, the event was crowned by G-Eazy, Questlove, and Black Thought.

The primary purpose of the exhibition was to promote the GROW token during the cryptocurrency week where notable crypto investors met in Miami last week. The Grow House project has received notable marketing from Fetty Wap, who intends to promote the native token through his social network.

Notably, Fetty Wap was hosted by Brandon Hampton of @weedhumor / @marijuanap where they discussed ways to grow the GROW community. 

The Grow House project is on a mission to help crypto investors access the marijuana market from a regulated perspective. As a Grow token holder, one becomes a member of the Grow community and can access the medical marijuana supply chain.

Through blockchain technology, the Grow House project aims to decentralize the medical marijuana industry. In turn, more global investors can participate in growing the weed community.

As more jurisdictions push to legalize marijuana either for medical purposes or recreational activities, Grow House intends to be at the forefront of the adoption.

According to the company, marijuana is a natural plant with known medical use cases. Through the whitepaper, the company noted that the GROW token will play a vital role in helping grow the weed industry.

The Miami crypto week has been a huge game-changer, particularly for the cryptocurrency bull market. Miami’s Mayor Francis X. Suarez urged the global government to adopt Bitcoin and blockchain technology to help revolutionize the economy.

Consequently, the crypto market has rebounded significantly from the dip and shown signs of full recovery. Market data provided by Coinmarketcap indicates the entire market capitalization has strongly held above $1.6 trillion, where bitcoin exchanged hands around $36k.

The Grow House project recently held its initial DEX offering where users can purchase the GROW token through the PancakeSwap. The project is expected to officially launch during the third quarter of 2021.

ADAX: A New DeFi Protocol Built On The Cardano Network

ADAX: A New DeFi Protocol Based on the Cardano Network

ADAX is an automated market maker that serves users on the Cardano network with the goal of revolutionizing transactions.

The project was created to enable traders to transact smoothly on the Cardano network. ADAX stands to become a powerful trading platform with its trustless facilitations of token swaps, broader reorientation, and non-fungible token (NFT) trading.

Notably, ADAX is an automated liquidity protocol that facilitates trades in a completely decentralized and non-custodial way within the Cardano ecosystem.  ADAX has no order book, which helps shorten the network transaction and costs of transactions. Their website reads in part:

“We eliminate all intermediaries, complexity, and cumbersome procedures from the equation, offering users untrammeled freedom to trade without censorship or loss of control over their assets. Users can maintain full control of their tokens and are not required to give up their private keys so that their orders can be logged as they are on a centralized exchange.”

While De-Fi protocols might not be renowned for their security architecture, ADAX will reportedly provide a secure platform for its users. This will be facilitated by Cardano’s foisted DEX, which offers safe and quick trades. To encourage greater participation of users in the liquidity provision process, which results in a more buoyant DEX, all the swap fees generated are shared between market makers and liquidity providers. 

The protocol is a combined effort from skilled experts from different crypto ventures. The team behind the project will reportedly guarantee the project’s success by ensuring best industry practices and maximum benefits to the users. 

Despite being based on Cardano, ADAX’s native token, $ADAX is an ERC20 token. The ADAX tokens have a total supply of 100,000,000, with only 40% allocated for public distribution. 

ADAX choose Cardano because it is widely anticipated to become the new crypto standard-setter. Investors recognize the network’s potential to challenge the embedded status quo of monopolistic and bureaucratic power structures within the world of crypto.

Cardano has been changing the blockchain space through some of the most cutting-edge projects. Run by a non-profit organization, the project boasts unparalleled security, significantly lower transaction fees, and breakneck blockchain speeds. 

ADAX preference for Cardano has caused it to expedite its development to coincide with new Cardano functionalities. During the Cardano smart contracts launch in Q3 2021, ADAX will facilitate staking, ensuring market liquidity, token swaps, and enabling users to make full use of the network’s capabilities.

In the coming days, ADAX plans to launch its Public IEO brand awareness campaign and collaborate with Cardano Foundation.

Global Blockchain Technology company ByteNext successfully closes funding rounds

Global Blockchain Technology company ByteNext successfully closes funding rounds

The use-cases of blockchain technology are continuously evolving. An ironclad utility of this technology is DeFi and NFTs. To continuously ensure that this space grows unabatedly, ByteNext is offering a systematic approach to promote blockchain technology to its fullest potential. Securing a robust tech-stack and infrastructure, ByteNext is resolving everyday issues by the implementation of blockchain technology.

Powered by Binance Smart Chain, ByteNext is building a unique NFT Marketplace for Artists. AvatarArt is an innovative marketplace enabling the transformation of works of leading artists into NFTs seamlessly.

It employs virtual reality technology to showcase NFTs in exhibitions and public auctions. It aims to bridge the gap between artists and art lovers by connecting them through a single platform. The next-generation NFT platform reinforces confidence by driving high-level authenticity in the NFT space. It aims to support art creators worldwide to convert their artworks to NFTs without much of a hassle. 

In order to drive its vision, it has successfully completed its strategic funding round from leading blockchain investors and leaders. The investors have massively supported in AvatarArt’s vision of bringing real value to the NFT world. The funding rounds witnessed participation from BlockHunter Capital, Basics Capital, Onebit Ventures, X21 Digital, HC Capital, Andromeda Research, VBC Ventures, and other famous KOLs. This funding will be effectively used to support product development and fuelling marketing activities. 

Shaping the Paintings Market through NFTs

AvatarArt is striving towards building an advanced ecosystem for thousands of artists. It aims to bring an increased level of transparency by facilitating transactions in a convenient manner to promote the painting market to a new level. It imbibes its core values from traditional art to revolutionize the NFT space. 

Currently, ByteNext is carrying out its product developments and marketing activities in a full-fledged manner with its intent of preserving artworks. It has successfully completed its initial milestones of fundraising, setting up social channels, and driving community operations. It is forging towards the next steps in terms of launching its IDO on the leading launchpad BSCStation on June 1st, 2021. The future roadmap includes introducing a collection of unique NFTs to conduct competitive auctions. Also, it aims to set up a network of art experts and artists worldwide to bring immense value to the platform. 

With a stellar team actively progressing on the product development, ByteNext is constantly adopting a broader approach to bring authentic NFTs to users. With an intuitive platform, transforming your traditional art is easier than ever. With the NFT volume plummeting amidst the crypto crash, NFTs are showing smaller slowdowns directing towards massive disruption. 

About ByteNext

ByteNext is an AvatarArt NFT marketplace for artists that aims to build up the AvatarArt platform to support art creators worldwide to make their paintings become NFT on Binance Smart Chain, conduct auctions, and transactions globally. AvatarArt will bring real-life values to the NFT space and establish storage and preservation centers at certain places. Once any painting piece is verified and stored at the centers, AvatarArt will create NFT for each piece of the art, ensuring its value the same as the real one.

Read the whitepaper: https://bytenext.io/files/document/whitepaper/en.pdf?v=637558045116114096 

Join us through our social channels to learn more and get all the updates from ByteNext!

Website | Twitter | Discussion Channel | Announcements

ARNO Uses NANO Tech To Bring Better Investment Products

ARNO Uses NANO Tech To Bring Better Investment Products

ARNO is a decentralized project that is focused on the creation and delivery of high-tech innovations. The project is a NANO technology created to serve investors.

The ARNO reportedly has the potential to grow since it harnesses the experience and skills combined by its team and leaders. The project involves the entire endeavor significant for the actual manufacturing and deployment of in-demand end products. It makes use of intellectual property and unrestricted access to decentralized finance. 

This project uses emerging financial technology to execute the project to exploit opportunities in the existing financial market. The project works with fiat assets and cryptocurrencies placing it on both decentralized and traditional markets.

According to the team, this project is a concentrated effort to fund the integration of technically sound, cutting-edge technology into long-established supply chains. This was done to upgrade current and obsolete processes that have not yet lost their usefulness.

In the long run, the project seeks to provide a diverse range of products and solutions that users focus on in various sectors including infrastructure, the environment, transportation, and consumer goods.

The ARNO website reads in part:

“Our future businesses plans to deliver a broad range of products and solutions to customers in every corner of the globe, serving key industries such as transportation, infrastructure, environment, and consumer. We provide performance solutions that solve customers’ challenges today while preparing them to meet tomorrow’s needs. Our commitment to innovation is driven by a passion to advance our customers’ businesses through our deep understanding of their industries and the global trends that impact their operations.”

The ARNO project aims at boosting energy efficiency and process technologies across the globe. Over the years, ARNO has built a reputation for creating high-quality solutions while continuing to increase industry standards for sustainability and safety.

The ARNO ecosystem has a native token called ARNO token that is used for various activities within the platform.  The ARNO token is based on ERC-20 and is not reissued. It has a total supply of 50 million. The company has allocated 8% ICO/IEONotably, unlike many before it, the platform will not allow other cryptocurrencies like Bitcoin and Ethereum to be used within its systems. Just recently, the platform concluded its funding round. The funds raised from the ICO/IEO will reportedly be used to develop further the project. These will include the acquisition of required material, testing, and development. The funds needed to list on exchanges will be allocated in the coming days. 

2local Upcoming Listing On Bitrue

2local

2local an eco-conscious fintech company based in the Netherlands will soon have its native token, 2LC listed on Bitrue, one of the fast-growing crypto exchanges. 

As of June 1, 2021, 2local will have its native coin listed with Bitrue. This milestone will be a significant move for 2local’s growing community as it will open doors for hassle-free crypto purchases on top Tier 1 crypto exchanges and 2local’s native hybrid HeX exchange.

Notably, Bitrue is currently among the top 70 cryptocurrency exchanges according to data by Cornmarketcap. The exchange was founded by market professionals and blockchain enthusiasts with the hope of providing a safe and easy way of trading cryptocurrencies. This partnership will allow users to buy the native coin used for various functions on the platform. 

The payment method for buying and selling will be facilitated by the recently formed partnership with Simplex, an online crypto payment provider. The platform has also formed partnerships with Certik and many others. A recent announcement on Twitter read:

“Having a partnership with both Certik and Simplex is a big milestone for 2local that places us on the right track to success. Certik is used for auditing projects and complying with the BSC platform, and the simplex is a platform for exchanging cryptocurrencies using Fiat currencies.”

2local was created with a mission of achieving a sustainable world with prosperity for all.  The 2local platform functions as a marketplace that connects local businesses and users seeking their products. The platform seeks to balance the scales between global banks and local bossiness. The project seeks to give local businesses a platform that podium for fostering thriving communities and societal growth for all beyond the current malfunctioning monetary.

To achieve this, the platform has a cashback system that promotes prosperity by rewarding customers who buy local products. The platform uses a loyalty platform that has a built-in cashback functionality. This cashback is generated from the profit from Yield Farms and Staking Pools

In addition to the listing, Mr. Antony, the CEO of 2local recently explained in an interview that the platform will soon be converted from L2L stellar based to 2LC BEP20. It will be deployed on the 1st of June and the private key will be available as well.

Apart from the loyalty platform, 2local has other features including a payment app with exchange options, a marketplace with connected companies in-app, a Debit card, and a decentralized multi-currency wallet.

Admantium Finance To Help Bridge Crypto Investors And Entrepreneurs

Admantium Finance To Help Bridge Crypto Investors And Entrepreneurs

Admantium Finance, a decentralized cryptocurrency research and analytical platform offers investors access to quality data to help them with their investments.

The platform offers its users data on fundamental research and advanced crypto analytics of massive levels of data. Admantium Finance has a research desk that adopts a macro and micro approach towards analyzing the cryptocurrency market.

Admantium’s Research Desk allows its users access to the unique modeling tools that make it easier for them to manage their investments. These tools reportedly help the user to better understand the key factors that influence the cryptocurrency market and how best to use them to their advantage.

Notably, Admantium Finance aims at allowing investors to easily churn out the value and interact with digitized assets. For this reason, the platform strives to provide transparent and actionable data to investors. It also uses its API functionality to develop data analytics for its users. 

The project is still under development. In the coming days, Admantium Finance plans to launch its fundraising platform. This platform will reportedly connect Admantium Finance investors and entrepreneurs. Through its funding platform, Admantium Finance will act as a bridge for both investors and entrepreneurs allowing them access to resources from both fields. 

The funding platform will help legitimate startups to raise capital. Admantium Finance’s website reads in part:

“We help raise external funding to kickstart or grow your business. Whether it’s angel investors, venture capital, or private equity, we have you covered. We prepare the documents required for the fundraising campaigns and help you reach out to the right investors.”

Once the funding platform is launched, it will offer access to cheap and quick capital, over-the-top advisory services, anti-dumping features through Ad-Lock services, and a ready-made community. One thing to note, the Anyi-dumping will act as an escrow that will ensure the safety and security of all payments. This feature is designed with time and event-based triggers for payments, taking the form of parametric payments. 

When it comes to Security Token Offering (STO), Admantium Finance will serve as a part of the company’s team with the duties of managing the process. The platform will also coordinate with licensing dealers or brokers and merchant bankers to run the STO

In addition to the STO and funding services, the platform also provides crypto mining services. These mining services include providing planning and strategy, mining farm engineering, increased savaging, and mining advisory among others. 

AI-Powered Decentralized Financial Platform, TribeOne – “BE YOUR OWN BANK”

AI-Powered Decentralized Financial Platform, TribeOne - “BE YOUR OWN BANK”

If you are not a part of the crypto industry yet or are an existing crypto enthusiast, here is a fantastic project that would magnetize you to make it big.

Introducing TribeOne, the world’s first AI-powered decentralized financial platform backed with RAROC (Risk-Adjusted Returns On Crypto) technology. TribeOne is an NFT, lending, borrowing, saving, and credit risk platform that offers a seamless experience; to the users through its revolutionary consumer-centric products. TribeOne is using state-of-the-art AI-powered RAROC to analyze the financial performance of its users and evaluate the potential risks.    

The aim of this community-driven organization is to be a decentralized platform; where decision-making is made and governed by the people and not centralized finance authorities. This is the most common flaw in the existing traditional financial industry. This new venture is working towards solving problems in the digital lending space by creating intuitive, easy-to-use, and efficient solutions.

TribeOne gives an option to invest in the newly discovered gem of the DeFi industry, by being the first to offer a platform based on lending and borrowing of NFTs (Non-fungible tokens). The users will also be able to unlock the value of their NFT assets without losing ownership. Therefore, providing an unconventional experience.   

The features don’t stop here; In an over-collateralized DeFi space, TribeOne is the first to offer zero to low collateralized loans for consumers and micro financiers. All micro financiers and SMEs who want to be part of this digital economy can now get tailor-made loans at lowest LTV (Loan to value).     

With colossal benefits comes an uncertain risk of price volatility ; that is why TribeOne’s DeFi insurance products offer a comprehensive  two-layered safety net against liquidation and defaults. Due to its partnership with reputable DeFi insurance providers, the organization will offer an additional buffer of 35% making it up to 125% liquidity threshold. In comparison, the competitors provide an average liquidity threshold value of up to 90%.

“With TribeOne our aim is to provide a diverse platform that transforms user experience in the DeFi industry, by leveraging the demand of a self governing, community based organization.” – Mehdi Suleman, Founder and CEO of TribeOne

TribeOne is managed by a team of seasoned financial experts who possess a perfect combination worth decades of traditional finance experience, DeFi expertise, and Fintech proficiency that will take TribeOne to greater heights. Their expertise in the conventional financial world has helped them create products to resolve issues like lack of transparency, rigid infrastructure, etc., faced by the people regularly. 

This sky breaking project provides a wide range of products that overcome all inefficiencies in the current traditional and DeFi ecosystem. 

TribeOne’s IDO will take place in June! Follow their socials for more information:

Twitter- https://twitter.com/tribeonedefi 

Website- https://www.tribeone.io/

CoinMarketCap-Listed Top 100 Project Returns And Now Part Of A New Blockchain!

CoinMarketCap-Listed Top 100 Project Returns And Now Part Of A New Blockchain!

We know that choosing new applications in the crypto universe is a tough job, as there are more than 10 thousand listed assets, a number that grows every day. So, we are here to talk about an asset that is already established in the market, with a long trajectory, and a team that overcame many challenges to provide a sequence to the project of a global asset: Mindexnew!

The Mindexcoin (MIC) project began in 2017, with a Litecoin fork, and a big proposal that achieved its own blockchain in less than a year. This crypto quickly transacted millions of assets every day, showing an engaged community, the most important feature of a crypto-asset established in the market. At its peak, MIC was listed at the top 100 best cryptocurrencies on coinmarketcap, a calculation that mostly considers the market capitalization of an asset, which means the product, its price, and its circulating supply.

MIC was also listed in two of the world’s major exchanges, ensuring great liquidity for the crypto, in addition to its own services such as payment method (Mindexpay) and a Wallet (Mindexwallet). However, when one of these exchanges broke, many Mindex assets were lost, which forced us to completely remake the project.

In 2020 the complete update of the asset was made, and MindexNew was created! Hosted by the Tron network, the MICN token now offers the stability of a well-established blockchain in the market, as it is much more agile and with excellent cost-effectiveness, which is great for the user.

The Mindexnew project already has its own wallet, and the option to use many other wallets that are compatible with the Tron network, allowing freedom of transactions and showing that, once again, the Mindex team maintains the proposal of being a global asset.

Mindexnew has taken another step and has already been listed on its first exchange, Finebox! All users who own MICN already have asset liquidity, plus its agile and secure transactions.

To learn more about Mindexnew, go to: mindexnew.com

Community Driven Project, Taboo Launches Deflationary Meme Token With its Own NFT Marketplace

Community Driven Project, Taboo Launches Deflationary Meme Token With its Own NFT Marketplace

Taboo, an entertainment-focused NFT project announces the launch of a deflationary meme token aimed to bring the best of entertainment for the community members.

TABOO is basically recognized as an entertainment and media-based blockchain platform initiative that utilizes the  NFT system to build inspired, satisfied, and happy long-term holders.

Per the announcement, the meme token is built to bring the community into a world of entertaining and happy decentralized finance.

The token is built with an automatic constant rewards program that allows token holders to earn passively.

The rewards are generated via a 5% tax that is distributed to the token holders. The company, however, has built the token with its own NFT marketplace.

The idea behind the meme token is to utilize the NFT space while providing an exciting and fun-filled future for the token holders.

It has revealed plans to independently build an NFT marketplace specially for its project. The project’s entertainment-focused NFT marketplace will be based on adult content.

While progressing on the marketing strategies for the coin, the company said the token’s airdrop is currently live.

The company is making efforts to achieve a globally accepted and successful NFT. Therefore, the firm is proposing a listing on Coinmarketcap.

The announcement reads;

“Taboo aims to reform the adult entertainment industry with its meme token and NFT auction platform. Thus the project has the potential to breach $100 million market cap while also ensuring that the platform can be accessible for artists to sell.”

The new project aims to see the value of meme currencies surging significantly.

New Token Seeks to Initiate NFTs Into Community-Voted Charity Funds

New Token Seeks to Initiate NFTs Into Community-Voted Charity Funds

As the NFT space continues to gain traction from top celebrities all over the world, which has led to massive adoption of the industry, exclusive projects and development are also being introduced into the system.

Viagra Token, a DeFi project that is influenced by the community has proposed to build a form of non-profit organization that would offer regular donation funds to community voted charities via the NFT marketplace.

The project is aiming to introduce the NFT marketplace to a charity program that would consistently help the community-voted charity funds.

Hence, impacting community-voted charity funds with a community-driven NFT market.

The project has placed most of its focus on women’s health charity all over the world, with plans to keep to a regular biweekly donation.

According to a recent announcement, Viagra’s intended project will likely see the platform’s market cap grow weekly. The company noted that even the public has a role to play in helping the project achieve its aim, as trading the project’s token contributes to the donations proposed to the charity funds.

The announcement reads;

“Every time you buy or sell viagra, you are helping to contribute to our community-voted chosen charity, so the team thanks you for being involved and helping to make a difference.”

The platform has not neglected the male health problems even though the concerns towards it have reduced since previous years.

It is primarily focused on providing the best of opportunities to celebrities who seek to make the best out of their artwork while generating revenue from merchandise that would then be donated to numerous charities.

The team behind the project has joined hands together to pursue global charitable goals, hence tagging the project “a multinational project that will provide much-needed funding to Men’s health charities across the globe.”

Profitable exchange of cryptocurrencies at the stock rate on Android

Profitable exchange of cryptocurrencies at the stock rate on Android
  1. Profitable exchange of cryptocurrencies at the stock rate on Android
    1. Exchanging cryptocurrencies for the traditional money quickly and without problems may be needed in different situations. It is not always possible to have a laptop or a computer at hand to be able to make a request, and the site is not always convenient to open on a mobile device running Android. In addition, when cryptocurrency to fiat money exchange transactions are not frequent, it may be necessary to go through a complicated identification procedure, which is not easy to pass using a smartphone. To solve all these problems, an online exchange with a high degree of privacy, Cryptex, has released a cryptocurrency exchange app for Android devices.
    2. Exchange where it’s convenient in a couple of taps

The Cryptex Exchange mobile app doesn’t take up much space on your device, installs in seconds, and works even on relatively old versions of the Android operating system.

To exchange without verification and going through the identification procedure, it is enough to select currency pairs on the main screen of the program, enter the amount of the desired exchange and complete the operation following the instructions.

When exchanging Perfect Money for cryptocurrencies, the order is executed instantly, which is possible because of the instant transfer within the system. When exchanging cryptocurrencies, it will be necessary to wait for several confirmations by the network. For most cases, three entries in the distributed registry of the digital asset will be enough, after that, the exchange will also can be completed.

  1. Take full advantage of cryptocurrencies while exchanging

Cryptex cares about the privacy of its customers’ personal data. Therefore, the cryptocurrency exchange app on Android does not collect any personal information about the user’s device, and the data transmitted to the company’s servers contain only the information that the client has entered in the exchange window and that is necessary to ensure the security of the transaction.

The lack of the need to go through a complicated user identification procedure allows you to take advantage of all the benefits of cryptocurrency transfers. Bitcoin was intended to be an independent means of payment, not being subject to regulation, censorship and restrictions from any regulatory authorities. And Cryptex Exchange makes it possible to implement these solutions to the full extent.

  1. Change any currency at the best exchange rate

It may not always be possible to have one or another type of cryptocurrency available in the app for exchange. However, Cryptex conducts operations with any digital assets and cash around the world. If there is no required asset in the list, or the amount is large enough and you would not like to use automatic exchange, the online exchange will find a convenient way to transfer funds in any direction of the exchange in the selected location, it is enough to write to the operators in the chat.

Own trading platform allows you to offer one of the most favorable exchange rates in a mobile phone at the time of the transaction.

The application itself is already available for installation from Google Play, it does not send annoying notifications, does not collect information in the background and does not slow down your phone. Make a profitable cryptocurrency exchange on your Android device with Cryptex Exchange.

How Do Crypto Casino Tournaments Work?

How Do Crypto Casino Tournaments Work?

Tournament gameplay is not all the rage at top cryptocurrency casinos like https://www.bitcoincasino.io. Unsurprisingly, there are plenty of different ways that you can get involved in cryptocurrency competitions and tournaments. If you are new to the concept of betting at Bitcoin and Ethereum, Dogecoin, Litecoin, and Bitcoin Cash casinos, then our short guide to casino tournaments will walk you through the process.

Do All Crypto Casinos Offer Tournaments?

Firstly, not all cryptocurrency casinos offer tournaments. This is not a situation that is unique to Bitcoin betting sites, though. Even conventional, FIAT currency casinos may not run tournaments and competitions. The types of tournaments you have open to you (if any at all) varies from site to site. For this reason, we recommend playing at top casinos that are guaranteed to support them, again like Bitcoin Casino.

What Games Can I Play with Casino Tournaments?

In most cases, casino tournaments will heavily revolve around slots. The slots you can play each day, week, or month (however long the tournament lasts) will vary. Some top cryptocurrency betting sites will also offer table games tournaments, either on RNG (random number generator) table games, live dealer games, or both. It is rare to see tournaments affiliated with other casino games, like instant win titles.

Now that you know a bit about what is out there, it is time to look at the four most common types of tournaments at cryptocurrency casinos.

Leaderboard Challenge (Most Won)

Leaderboard challenges are the most common types of cryptocurrency casino tournaments around. With these competitions, you will be scored based on how much you have won playing eligible games. The crypto casino players who sit at the top of any leaderboard will be those that have won the most, and thus the ones who pocket prizes.

Leaderboard Challenge (Most Wagered)

Sometimes, the amount you have wagered will determine your standing on a leaderboard in a casino competition. If this is the case, the crypto casino players who have wagered the most will likely occupy the top spots and pocket the prizes.

Leaderboard Challenge (Points-Based)

Many casino tournaments award points based on your activities instead. These might see you earn X points for depositing and greater or smaller numbers of points for winning and wagering. Ultimately, the rules of these tournaments will vary, but again it will be the players at the top of the leaderboard when the tournament ends that will win the lion’s share of a casino tournament’s prizes.

Prize-Draw Competitions

The final type of competition you can find at cryptocurrency casinos are prize draws. These do not use a leaderboard and are technically not tournaments, as such. Instead, players will earn a “ticket” into a prize draw (essentially a raffle) when they wager, win or deposit. At the end of it all, a player (or several) will be chosen at random to win prizes. Of course, the more “entries” or tickets you have, the better your shot of winning prizes at cryptocurrency casinos.

Apollo Space Token’s Decentralized Star Naming Registry Marks Huge Success in Just a Week of Launch

Apollo Space Token's Decentralized Star Naming Registry Marks Huge Success in Just a Week of Launch

It is no doubt that Non Fungible Tokens have emerged as an instrument of high significance in the crypto sector considering its successes and the rising enthusiasm it keeps gaining in the industry.

Initiated NFT projects are thereby making consistent success stories while gaining the interests of top celebrities all around the world.

Relatively, a newly launched NFT-Like project dubbed Star Naming Registry is seen gaining massive interest from top celebrities around the globe, in just a week after it was launched.

As announced in a recent press release, the project was initiated by the Apollo Space Token, a digital asset built to reward investors who bag the token in large quantities. 

Reports revealed that it is the latest token launched on Binance’s Smart Chain. With few of its developers being non-discreet with their profiles, it appears that they have multiple connections to current professional athletes via their various experiences in athletics.

In a bid to introduce the NFT mechanism into the system while rebranding the Star Naming Registry with GenZ, Apollo Space Token has come up with the idea of a decentralized Star Naming Registry.

Following the announcement, the project is designed to lay its focus on people, especially celebrities who are freaky over the fantasies of space, solar systems, and stars while rendering “intergalactic services” to them.

To further elaborate on the primary aim of the project, the announcement reads;

“Apollo Space Token is in the process of developing a decentralized star naming registry that will allow its users to purchase and transfer ownership of any of the stars named in their registry”

The project is aimed at providing users with an opportunity to write their names in the stars.

“……AST offers the opportunity to be among the stars today itself with your name secured on a decentralized ledger,” it further explained.

The platform will be solely managed and controlled by the team behind AST.

$1.5 million MarketCap in Just One Week of Launch

Quite interestingly, the mechanism adopted by the new project seems to have swiftly attracted the interest of the public especially top celebrities.

Following the announcement, the project has gained the interest of many celebrities and has marked a Market Cap of $1.5 million within a week of its launch.

Thus, the project seems indeed “unique” as noted by the AST foundation.

The Whole Earth Foundation Burns 70% of the total token supply

The Whole Earth Foundation Burns 70% of the total token supply

To the Whole Earth Community,

The Whole Earth Coin, we believe, is a truly unique project with a mission that distinguishes us from other projects within the crypto space. Our goal is to address the real-world challenges of aging infrastructure utilizing novel tokenomics to empower the people to govern their infrastructure. Though the project has rapidly evolved since its inception, the ecosystem is still in its early stages; the Foundation will be primarily responsible for development and growth until it achieves sufficient decentralization. 

Recently, we have decided that burning tokens would be an important step for the Foundation’s growth going forward. Therefore we would like to announce the decision to perform a one-time burn of 700 million or 70% of the total token supply, reducing our total token volume from 1 billion to 300 million. This can be found on etherscan. The maximum token supply will never increase beyond its current cap in the future. For fairness, this burn will be applied evenly across all allocation criteria, including tokens reserved for the ecosystem, team, and public sales.

We believe this is a necessary correction to the total token supply, which will help improve the project’s success. The early supporter’s commitment and support of the project are crucial for its success; thus, we are reworking the tokenomics to improve their positions. Moving forward, the Foundation will transition its efforts to project development with partnered organizations to deliver robust solutions to address the complicated infrastructure problems of today. Finally, we want to thank all community members who believe in our project and have decided to join us in our journey to success. Our final IEO round is set to take place on ProBit and Coinsbit starting May 21. Don’t miss this chance!

We hope you enjoyed the introduction of our project. For more information and updates about the project, please follow our website. We also periodically provide information on social media:


Cheers to more exciting things to come,

The Whole Earth Foundation Team
Email: info@wholeearthfoundation.org

Torexo Finance Helps Investors Make The Most Of Their Assets

Torexo Finance Helps Investors Make The Most Of Their Assets

Torexo Finance, an international investment platform, offers investors various opportunities to create value for their financial investments.

Since 2016, Torexo Finance has been creating effective investment products for their clients to help them generate value for their financial and human capacities. Torexo Finance investment products are reportedly designed to make the highest return while meeting the diverse demands of their clientele. 

The platform offers lucrative single tire referral systems to its clients.  The multi-level marketing program is reportedly supposed to run during the lifetime of the project. The platform also provides bonuses that varies depending on the different affiliate programs. 

Torexo Finance has always ensured its users stay updated with all new developments and products developed on the platform. In addition, the platform creates specific marketing tools for each new product to ensure all investors fully understand the product and its prospect in helping them achieve maximum profits from their assets.

One notable feature on the platform is the user-friendly interface that makes it easy for both new and old investors to navigate. The platform was created to offer “investment procedures, tracking portfolio performance and checking account details.” The interface makes it easy for Terexo Finance to develop partnerships and monitor its entire ecosystem.

What makes Torexo a successful endeavor is an excellent support it receives from its founder, Leonardo Santoro. Santoro created this company with the help of professional traders and a team of trusted managers from various organizations. These people came together and pooled their resources to achieve a common goal of creating a platform that would best suit their investment needs and those of others who shared the same purpose. Their efforts have helped the company come up with ROI-driven investment projects. 

In the last five years, the team has managed to build the company from just a vision to a driving force in the investment industry.  The company now has over 2000 clients who comprise individuals and institutions from various sectors around the globe. The company already has about $30 million in assets under management (trust management).  

Reportedly, in the last few months, Torexo Finance has been working to scale up its operations. The platform recently started to create a world-class website that would enable investors to create their accounts. The company will be announcing other developments in the coming days.

Website: https://www.torexo.com

FB: https://www.facebook.com/Torexo-Corp-103418878581139

Telegram: https://t.me/torexo_finance

 Instagram: https://www.instagram.com/torexo_finance/

Youtube: https://www.youtube.com/channel/UCUuJi7mTuff1sV4WwSWvttA

Proof-of-Burn (PoB)-Based Blockchain Satozhi Unveils Virtual Machine Token (VMT) Marketplace

Proof-of-Burn (PoB)-Based Blockchain Satozhi Unveils Virtual Machine Token (VMT) Marketplace

Satozhi (SATOZ), a Proof-of-Burn (PoB)-based blockchain technology that was built to realize the value of digital assets, has announced the launch of its Virtual Machine Token (VMT) marketplace. According to the firm, the Virtual Machine Token (VMT) marketplace will enable VMT creators to sell their artworks and also gain rewards from it as a lifetime mining reward.

Notably, the SATOZ coin was developed in such a way to enable users to realize profits by holding. Moreover, the system burns the coins in circulating supply and mints fewer coins as a reward per block. 

According to market analytics provided by CoinGecko, the SATOZ coin was trading around $0.814307 having dropped approximately 15% in the past 24-hours. However, the asset is up over 960% in the past 30-day, and up over 500% in the past two weeks. 

The number of SATOZ coins in circulation had not yet been documented by both CoinGecko and Coinmarketcap. However, the total number of SATOZ coins to ever exist has been set at 21 million. 

In a bid to add utility other than token burn to give its ecosystem value, the platform has developed a next-level non-fungible tokens (NFT) marketplace. Furthermore, the NFT market has been a significant player in cryptocurrency adoption. Traditional auction houses and also modern ones have leveraged blockchain technology and the cryptocurrency market to reach a larger global market. Mind you, blockchain technology offers a decentralized platform free from third-party trust issues and restrictions.

The Satozhi developers tweaked the NFT concept to come up with the VMT token system for artists and art collectors to trade. On one hand, NFTs are a digital smart contract that is created to store unique ownership of assets. After an NFT holder opts to sell the product to liquidate the asset, the information is stored as a copy in the ledger, thus a chain of ownership recorded for reference purposes. 

On the other hand, VMT or the virtual minting tool is a digital smart contract innovation whose identity of assets, tokens, and ownership are all unique from one another. Additionally, the assets are managed by the blockchain, thereby making it a trustless protocol.

“Besides being able to be traded on a decentralized market like an NFT, VMT assets can also be mined at any time as a personal asset. If a creator does not want to sell it, they can keep the VMT as a collection, for which they will get the results of VMT minting assets every time,” the firm noted in a press release.

Announcing Sorceress, The Cross-chain Oracle for Polkadot

Announcing Sorceress, The Cross-chain Oracle for Polkadot

May 17th, 2021,  Moscow, Russia — From the Foundation of the Sorceress Project and IOBC, a team of prominent Polkadot developers announces the launch of the Sorceress Protocol, the first multi-chain, parallel oracle protocol and Decentralized Autonomous Organisation (DAO) serving to optimize the Polkadot ecosystem.

As an oracle provider, the core functional goal of Sorceress is to connect on-chain with off-chain data, to enable advanced smart contract operations on multiple networks. Of-chain information such as events, user data and payment information may be brought into on-chain smart contracts through the oracle. By doing so, Sorceress is expanding use cases and applications on blockchain networks and furthering blockchain integration with new industries. 

The Sorceress Protocol is completely scalable and modular in design. It includes not only an oracle and Sorceress governance featuring decentralized voting, but SorFarm — a decentralized publishing project, Sorceresster — an interaction terminal and tool for C-suite users to expand their business network, and a Sorceress Browser — including both block browser and relationship browser.  Through the Sorceress Protocol, network participants can also achieve accurate predictions on events through the spontaneous arbitrage of the markets and real-time observation of off-chain data. This type of data is used in market predictions, betting on sports, and even election outcomes.

Headquartered in Moscow, Sorceress is set to deploy in Tokyo, India, Indonesia and New York. The team includes experienced corporate finance professionals from diverse industries such as FMCG (Fast-Moving Consumer Goods), energy, telecom, manufacturing, commodities syndicated loans, bilateral loans, structured finance, and project finance, as well as experts in client relationship management and international law. Its technical developers are focused on solving current global problems with cutting-edge solutions through blockchain technology. All organizations of the Sorceress project work closely to help introduce, develop and evolve the Sorceress ecosystem globally, increasing adoption of the Sorceress blockchain.

The Sorceress token SOR will have a total issue of 88,000,000 with an initial issue price of $0.15. Total liquidity before the mainnet is launched will be 22,000,000 SOR, accounting for 25% of the issue volume. The remaining 75% of the uncirculated will be fully mined within 1 year after the mainnet is launched. 11% of these will be offered to the public. 

The Sorceress Protocol’s decentralized oracle machine and block verification, combined with open DAO community governance will seamlessly contribute to the security and effectiveness of the Polkadot ecosystem. 

“Through Sorceress we see the future where full decentralization and increased connectivity between networks become a reality. As the Sorceress Protocol and its DAO grow we will continue to challenge existing systems providing competitive solutions.”

 – Manmeet Singh, Founder & CEO

To learn more about the Sorceress Protocol and how you can get involved, visit http://sorceress.pro/.

Press Contact

Email: sorceresscommunity@gmail.com

Website: http://sorceress.pro/

Twitter: https://twitter.com/sorceresspro

Telegram: https://t.me/SorceressProtocol

Introducing the Smart DEX Chain Community Treasury Program

Introducing the Smart DEX Chain Community Treasury Program

If you are among the decentralized finance die-hards who have been hit hard by the Ethereum ecosystem’s congestion, you are just about to find a reason to smile. Decentralized finance and decentralized exchanges, commonly known as DEXes, launched in 2020 and are taking the crypto space by storm.

There are many DeFi projects in the crypto space already, but if you are specifically a fan of the Ethereum ecosystem-based platform SwapDEX, the promised future is here with us. The platform is making a significant step in the wake of the increased traffic in most DeFi projects, resulting in inefficient and uneconomical financial products and service delivery, specifically on Ethereum’s blockchain.

A Little About SwapDEX

SwapDEX is a decentralized exchange and a DeFi project launched on Ethereum’s ERC-20 program. In its whitepaper, the platform envisioned providing decentralized finance products under one platform based on Ethereum blockchain. However, SwapDEX is moving to its blockchain, the Smart DEX Chain, that would be fully compatible with other blockchains.

The move would initiate a more considerable user base and aid in scalability, one of the most significant issues facing the Ethereum ecosystem. SwapDEX’s overall vision is to provide an ecosystem that is easy to use, fast, affordable, and that meets individual needs in a responsible, timely, and sustainable manner. 

The Smart DEX Chain

Smart DEX Chain is SwapDEX’s new and innovative blockchain. Like Ethereum blockchain, Smart DEX Chain will utilize the proof of stake consensus algorithm. The unveiling of SwapDEX’s blockchain comes with a range of changes on the platform, as it looks to introduce the SDX coin. 

The SDX coin will be Smart DEX Chain’s native coin and form the base of the nodes required to run a node on the Smart DEX Chain. The platform, however, commits to ensuring that the base number of the coins needed to run a node is set at a level not out of reach for most people. 

The exact figure is set at 10,000 SDX coins, although the platform is open for any holder with more coins and wants to earn more from mining rewards to run more than one node. 51% of the mining returns will get distributed among the active nodes and 9% to the stakers on a pro-rata basis.

SwapDEX Smart Chain Community Focus

The SwapDEX team has a unique commitment to creating a community-oriented environment where supporters get supported rather than an environment where only the rich get richer. On that line, the project set a sweet spot of the amount of SDX coin required to run a node, and community-run masternodes will support the SwapDEX Smart Chain.

Further, SwapDEX seeks to change the distribution of the SDX coin from a state where the SDX is heavily on SwapDEX wallets rather than being with the community. In that sense, SwapDEX is allocating 35% of its starting SDX coin supply to a community treasury. 

The initial coin supply will be 200,000,000 SDX coins, where 70,000,000 SDX coins will go to the community treasury. 90,000,000 SDX coins, the most significant proportion, will go to existing holders as a replacement for the existing SDX. The SwapDEX team will use the remaining ratio to continue supporting the development of the platform.

The community treasury fund will entirely be under the community’s control and cater to initiatives meant to strengthen the SwapDEX platform. The community can make proposals and the amount of SDX coin they will require, and the nodes will vote on the proposal. 

Each node has one vote, and if the majority votes in favor of the proposal, the community fund gets unlocked, and the amount of SDX coins stated for that project gets released.

SwapDEX also plans to alter the splitting of the mining returns, with a significant portion allocated to the community treasury. The community treasury will receive 40% of the total mining returns. The allocation will still benefit the SwapDEX platform and SDX coin holders on voted-upon initiatives.

Final Word

SwapDEX is inarguably the first of the kind to have a significant focus on its community of users. It will be the go-to decentralized finance and DEX platform with an almost zero transaction fee. SDX coin users can also use gas to reserve their positions on the next block if many transactions are going through.

SwapDEX will be the place for DeFi projects, meaning the price of its native coin will keep increasing. Projects launching on the SwapDEX Smart Chain will pair with SDX coin. 

The listings will help increase the buying pressure on SDX exponentially. SwapDEX enthusiasts only have to wait for a little longer for the complete transition and welcome a revolutionized experience in decentralized finance.

FXT Token Price Surge: Amplifying Profits for Token Holders

FXT Token Price Surge: Amplifying Profits for Token Holders

FXT, a blockchain-based trading technology, recorded a 1500% increase in the first two weeks of May. This comes weeks after it completed its Initial Coin Offering (ICO). FXT is trading at $0.147 at the time of writing this piece. FXT token was the top 1 gainer token in the world, and its price increased up to $1.25, according to CoinMarketCap.

In an official announcement on Twitter, the company explained:

‘it’s not wrong to say that slowly and steadily, you win the race, and FXT token is a live example of this. The price of the FXT token increase by 1500% in the first half of May. It marked its position as a promising project in the crypto space. Buy today to earn tomorrow!”

FXT tokens are Ethereum based tokens created to serve as a digital currency for diverse payments and trading. The tokens reportedly have the power to increase security, add transparency and reduce the transaction cost. FXT token gives users complete control over their assets.  Users can directly participate in asset staking, lending, swapping, and other financial services. They can also keep tabs on current transactions on the platform and have access to transaction history. 

The company plans to mint a total of 1 billion FXT tokens. These tokens will be distributed among potential investors during various processes intended by the company. So far, from the one billion XT tokens, 75% has already been distributed to investors during the Private and public ICO sales. 20% will be given to participants as incentives for promoting the FXT tokens, while the company will reserve the remaining 5% to fund various activities, including maintenance, marketing, and other developments. 

In March, the FXT token saw a more than 23000% increase in its token holders and over 19,000% increase in token transfer within a week. Currently, the tokens are listed on top crypto sites, including CoinMarketCap, ProBit Exchange, and Bilaxy, Fatbtc.

The recently concluded ICO has provided funding that the company hopes to use in scaling its activities. It will also hope to develop and launch blockchain-based platforms such as spot exchange, crypto wallets, margin trading, P2P lending platforms, and swapping platforms. One thing to note is that FXT plans to launch its ecosystem on Binance Smart Chain.

What Do You Meme Token: The New Buzz Asset For The Community

What Do You Meme Token: The New Buzz Asset For The Community

What Do You Meme token is a decentralized platform for the latest meme token in town created by two crypto enthusiasts, Lawrence Heaslip and Jacques Dutel.

The What Do You Meme token or the WDYMEME token is gaining traction within different markets, including getting attention from some media sites in the heart of Silicon Valley.  

The token has a total supply of 3 billion tokens. According to BscScan, there are over 3800 addresses currently holding the token.

The token was created to provide a fun and humorous community free from market manipulation by whales or rug pulls. The token also hopes to create a platform that allows its community to come up with memes out of the founder’s face. The ultimate goal for the WDYMeme token is to launch an NFT platform primarily for memes. The platform will have a forum board integration that will allow users to buy and sell NFT Memes. The platform will also allow for a reward system into a sister token named blackpaper.

The whatdoyoumemetoken Twitter page reads:

“Empowering The Meme Token Community a 100% community-driven token where everyone can have fun and make profits in the token meme community.

For now, they are focusing on building the community, being active in telegram, and proving legitimacy.

WDYMEME token recently concluded a $2500 billboard contents that saw the first winner get $1000, the Second winner got $700, while the third winner received $500. The contents involve creating the best hilarious meme for the token using the founders’ faces. 

One thing to note is that there will be no tax on the platform, no burn, no rug pulls. The duo reportedly has big plans moving forward.  In addition, the founders have been proactive in the project. On the website, the co-founder claims that the community can meme them ‘everywhere on the internet, our pictures are real, and you can even call us on the phone.’ The website is still under development. The community is early pushing to have the team launch everything in the next nearest future. 

Notably, the company is already registered as a limited liability company with the state of Mississippi. They were present during the live launch on pancakeswap. Investors can buy the token on pancake using Binance (BNB).