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25 05, 2024

Guild Of Guardians NFT Sales Pump 163% Today

By |2024-05-25T03:55:26+03:00May 25, 2024|News, NFT News|0 Comments


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The Guild of Guardians, which officially launched last week, is making waves in the gaming and blockchain communities. The Guild of Guardian, a non-fungible token series allowing holders to play in the game, has sharply surged in trading sale volume, emerging as the second most-traded NFT collection today.

Guild Of Guardians NFT Sales Jump 163% Today

Data compiled by CryptoSlam.io, an on-chain crypto market aggregator and a multi-chain NFT collection, shows that the Guild of Guardians non-fungible token collection has surged in sales, becoming the second most-selling NFT today.  In the past 24 hours, the Guild of Guardian NFT collection recorded a trading sales volume of $1.3 million, representing a 163% surge from the previous day.

The recent spike in Guild of Guardians NFT trading sales volume alongside other NFT collections has pushed Immutable X to the top five NFT blockchain networks. In the past 24 hours, the Immutable X-backed NFT collection has amassed a trading sale volume of $1.8 million, up 79% from the past day.

Immutable X

Immutable X follows Solana, a blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, and Polygon, an Ethereum scaling solution, which are the third and fourth most-traded NFT blockchains in the past 24 hours. Ethereum has outpaced Bitcoin in becoming the top-traded NFT blockchain in the past 24 hours.

What Is The New Guild of Guardians?

Launched on May 15, 2024, Guild of Guardians is a fantasy idle RPG that lets players assemble legendary Guardians into an unstoppable team. The blockchain-based game enables gamers to craft powerful items, strategically summon new heroes, and conquer the ever-increasing difficulty of the dungeons.

Players gather a team of characters to enter dungeons, battle monsters, defeat dangerous bosses, and score some sweet loot! Players fight through dungeons and other challenges to rise to the ranks of the leaderboards and earn valuable prizes. The Guild of Guardians allows players to mint NFTs from the game using a resource known as Ascendent Seals.

The Guild of Guardians is built on Immutable zkEVM, an Ethereum Layer 2 network, allowing gamers to truly own their in-game assets as non-fungible tokens, trading, selling, and showcasing their treasures in a secure ecosystem. Immutable X is the first Layer-2 solution targeted entirely toward scaling Ethereum-based non-fungible tokens.

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24 05, 2024

Chirpley Forges a Game-Changing Partnership with N3MUS to Revolutionize Web3 Gaming Promotion

By |2024-05-24T21:53:25+03:00May 24, 2024|News, NFT News|0 Comments



The integration of Chirpley’s influencer marketing services with N3MUS’s blockchain technology is set to drive enhanced visibility and growth for game studios.

Chirpley, a leading influencer marketing platform, is thrilled to announce its dynamic partnership with N3MUS, the essential bridge, connecting traditional gamers to blockchain technology while providing a cost-effective and user-friendly gaming experience. This collaboration marks a significant step towards reshaping the landscape of gaming promotion and leveraging the potential of blockchain technology.

 

The synergy between Chirpley and N3MUS reflects a commitment to innovation, transformation, and excellence. This partnership underscores both companies’ dedication to pushing boundaries and driving forward the evolution of influencer marketing within the dynamic realm of Web3 gaming.

 

A key facet of this strategic partnership involves the integration of Chirpley’s API into N3MUS’s platform, thereby granting seamless access for their customers to leverage our influencer marketing services. This integration sets the stage for game studios to effortlessly promote their creations, fostering enhanced visibility, user engagement, and revenue generation.

 

N3MUS boasts an impressive portfolio of 12000 registered users and 180 game studios, expressing a keen interest in harnessing the power of the Chirpley integration. This collective enthusiasm amplifies Chirpley’s reach and impact within the gaming community. Furthermore, this collaboration has a direct positive effect on the burn rate of the $CHRP token, driven by the automatic buyback and burn mechanism inherent to each marketing campaign completed on the platform.

 

“Partnering with N3MUS is an exciting milestone for Chirpley”.

 

By combining our expertise in influencer marketing with N3MUS’s innovative Web3 platform, we are set to reshape the gaming promotion landscape,” remarked Job ter Horst, CEO at Chirpley. “This collaboration not only opens new avenues for game studios to propel their creations into the spotlight but also contributes to the sustainable growth of the $CHRP ecosystem.”

 

At N3MUS, we’re thrilled to join forces with Chirpley on this groundbreaking partnership,” Neal Peters, CEO of N3MUS, enthusiastically stated. “By merging Chirpley’s influencer marketing prowess with our user-centric Web3 platform, we’re poised to unlock a new era of empowered game promotion. This collaboration not only empowers game studios to tap into a passionate and engaged gaming community, but it also fosters the widespread adoption of Web3 technology within the gaming industry. We believe this partnership will revolutionize the way games are promoted and experienced, creating a win-win scenario for developers, gamers, and the future of Web3 gaming.

 

About Chirpley:

Chirpley is a dynamic influencer marketing platform that connects brands with nano-micro influencers using AI and automation tools. With a commitment to innovation, Chirpley aims to bridge the gap between brands and influencers, ushering in a new era of authentic, impactful, and data-driven marketing campaigns.

 

About N3MUS:

N3MUS’ product provides a variety of tools for game studios enabling them to easily incorporate Web3 concepts into their games. The blockchain component runs behind the scenes, ensuring that the gamer enjoys an unrestricted experience, one that they are familiar with. We aim to empower developers and gamers through a complete game journey with enhanced user experiences and optimize operations, driving engagement and maximizing opportunities for growth. 

 

N3MUS:

Twitter | Linkedin | Telegram

 

Disclaimer: This is a paid press release. BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $350. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.





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24 05, 2024

Origin Protocol to Release dApp in May — TradingView News

By |2024-05-24T19:52:04+03:00May 24, 2024|News, NFT News|0 Comments


Coindar

Origin Protocol is set to launch a new dApp in May. This new dApp will integrate all of Origin’s existing products and will also include several features that have been requested by users.

Refer to the official tweet by OGN:

Origin’s new dapp is coming alongside the OGV-OGN migration portal next week! 💻

The dapp brings together all of Origin’s products and adds several user-requested features. Take a sneak peak below: pic.twitter.com/nd4bc7gVoS

May 22, 2024

OGN Info

Origin Protocol is a project focused on developing web3 technologies aimed at popularizing non-fungible tokens (NFTs) and decentralized finance (DeFi) among a broad audience. It has two main products: Origin Story, an NFT marketplace solution, and Origin Dollar, a unique stablecoin.

Origin Story provides a white-label NFT marketplace platform tailored to various industries, including real estate, music, and art. This platform not only hosts NFT marketplaces but also offers specialized NFT tooling that enables brands to leverage non-fungible tokens innovatively. Features of this tooling encompass token-gated access, support for diverse file formats, NFT auctions, and specialized tokens like soulbound tokens. To ensure scalability and reach, Origin Story marketplaces are integrated with the Polygon network, and the team is assessing other potential scaling solutions. On the other side, Origin Dollar (OUSD) is a fully collateralized stablecoin designed to automatically provide yield to users’ wallets.

Origin Dollar Governance (OGV) token was introduced as a governance mechanism for the Origin Dollar. Distributed to OGN holders in 2022, OGV allows holders to participate in voting processes related to collateral allocations across DeFi pools. Moreover, it accumulates value from the revenue generated by the stablecoin protocol. This establishes OGV as a pivotal component in the decision-making and value accrual of the Origin Protocol’s financial ecosystem.





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24 05, 2024

Telegram ‘mini apps’ skyrocket with web3 games adding millions of users daily

By |2024-05-24T15:49:55+03:00May 24, 2024|News, NFT News|0 Comments


Telegram, one of the world’s most popular messaging apps with 800 million monthly users, has seen a meteoric rise among its ‘mini apps,’ with millions of users joining every day.

A Telegram ‘mini-app’ (TMA) is an online application built and run directly on messenger. According to the platform, it offers web3 getaway with TON SDK, an open-source protocol between wallets and apps TON Connect, and “tokens,” different monetization options such as advertising, subscription models, and in-app purchases, bot interaction, and community development to developers.

The buzz of last week – Notcoin (NOT) – might serve as an example of the popularity and the power of the Telegram community. The project, or rather the mini app, that was “the talk of the block” in the primarily Russian-speaking community for several months, was listed on several crypto exchanges last week and gained international popularity. Notcoin revealed that around five million tokens were claimed in the first 36 hours of trading. 

One of the mini apps that has been gaining traction very recently, mostly on Telegram itself and TikTok, is Hamster Kombat. 

Hamster Kombat describes itself as a “crypto exchange CEO simulator game,” in which players can increase their exchange income by buying “upgrade cards,” completing quests, and inviting friends. 

“Every hamster can experience what it’s like being a CEO ‘in real life’ instead of just giving advice to someone on X,” the game’s PR person said.

The cards, apparently, represent real-life tasks and challenges CEOs endure on a daily basis – from hiring and business development to compliance and licensing. 

The game with what may be considered a funny name has seen some serious numbers. 

According to the company’s PR manager, launched on March 26, the mini app already has 19 million daily active users and welcomed almost 2.9 million new users yesterday alone.

Source: Hamster Kombat

But what’s actually driving this growth? The game plot, the referral system, and rewards, the company believes. They note that the community is so active, they don’t even have to spend the marketing budget at this point – users create content and campaigns themselves. 

“We recently received a photo of a QR code printed and posted on a lamppost, beneath which was the referral link of one of our players. We’ve also noticed several Telegram communities purchasing paid advertisements to promote their channels. Within the game, there’s a leaderboard showcasing the most successful players at each level. Everyone wants to claim the top spot, and perhaps that’s the secret. The spirit of competition and rivalry drives engagement and enthusiasm,” the company shares.

Telegram ‘mini apps’ skyrocket with web3 games adding millions of users daily - 2
Source: TikTok, Telegram

Other Telegram mini apps have helped kickstart the game’s popularity, too. Particularly, Notcoin.

“It’s worth noting that the listing of Notcoin has played its part. The market and individuals have seen that a simple clicker game can transform into something actually tradable on the exchange.”

The developers of the game recognize that it does not have any web3 elements right now; they’re currently focused on “immersing players into this world through gameplay mechanics” and educating them “about the blockchain world through storytelling and gameplay elements.” But, web3/crypto integration is a part of the project’s roadmap.

The company says they are currently “in negotiations” with a number of major crypto exchanges about a potential listing of the game’s coin (the ticker is yet to be announced), which users will also be able to use for the game’s mechanics (also, yet to be revealed how exactly).

As to why Telegram has been so popular as a platform for web3 games, and the crypto community in general, Hamster Kombat thinks it’s due to its secure communication and community building capabilities. 

“Crypto projects use Telegram to communicate with users directly, make announcements, and discuss important news and updates. It is also used to host events, AMA sessions, webinars, and other activities related to the cryptocurrency industry.”

And mini apps are an efficient tool to engage the crypto audience, the company believes, largely due to their “access to various services such as cryptocurrency wallets, crypto games, crypto exchanges, and other convenient tools,” “transparency and security of users’ interaction,” and the ability to carry out different marketing campaigns directly to users.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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23 05, 2024

2024-05-23 | NEO:DEFI | Press Release

By |2024-05-23T17:38:28+03:00May 23, 2024|News, NFT News|0 Comments


TORONTO, May 23, 2024 /PRNewswire/ — DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to announce the engagement of Liquid Advisors, Inc. to facilitate the cross-listing of the common shares of the Company on a US securities exchange.

DeFi Technologies’ decision to engage Liquid Advisors, Inc. reflects its strategic commitment to driving growth and expanding its presence in the capital market. With a focus on enhancing investor visibility and access to capital markets, the company aims to leverage their expertise to facilitate its transition from the OTC to a major US stock exchange.

Annemarie Tierney, Founder and Principal of Liquid Advisors, brings a wealth of experience in U.S. securities laws, cross border listings, exchange listing standards, and corporate governance to the table. With years of experience, including at the SEC, the NYSE, Nasdaq, Skadden Arps (London and New York) and through providing strategic advice to Liquid Advisors’ diverse client base, Annemarie has a deep understanding of, digital asset legal and regulatory issues, SEC registration, and international securities transactional work, making her a valuable asset in DeFi Technologies’ uplisting process.

“We are encouraged to have Liquid Advisors, Inc. on board to support our uplisting efforts,” said Olivier Roussy Newton, CEO of DeFi Technologies. “Their expertise and track record of success in navigating the complexities of the capital markets in the United States will be instrumental as we look to cross-list on a US-based major stock exchange. With their guidance, we are confident in our ability to seize the opportunity for expanded visibility, enhanced liquidity, and continued growth in the capital markets.”

About Liquid Advisors

Liquid Advisors is a strategic advisory firm offering private placement and secondary liquidity structuring and regulatory requirement services, including for digital or token-based securities. For more information please visit https://www.liquidadvisors.com/

About DeFi Technologies

DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join DeFi Technologies’ digital community on Linkedin and Twitter, and for more details, visit https://defi.tech/

About Valour

Valour Inc. and Valour Digital Securities Limited (together, “Valour“) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).

In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK) Enjin (ENJ), Bitcoin Carbon Neutral (BTCN), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free.

For more information on Valour, to subscribe, or to receive updates and financial information, visit valour.com.

Cautionary note regarding forward-looking information:

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to statements regarding the cross-listing of the common shares of the Company on a US securities exchange; the development and listing of future ETPs; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-engages-annemarie-tierney-of-liquid-advisors-for-cross-listing-to-a-us-securities-exchange-302153866.html

SOURCE DeFi Technologies Inc.





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23 05, 2024

Giant Whale Offloads $4,000,000 Cardano (ADA), Moves Small Bag into New DeFi Altcoin Showing Potential

By |2024-05-23T13:36:57+03:00May 23, 2024|News, NFT News|0 Comments


In a strategic move that has caught the attention of the cryptocurrency community, a major player known as a “whale” has offloaded $4,000,000 worth of Cardano (ADA). This sale wasn’t just a random act of trading; it was a calculated decision that led to the reinvestment into a new DeFi altcoin, Retik Finance (RETIK), which has been showing significant potential. Let’s dive into the details of this fascinating shift and explore what makes Retik Finance stand out.

The Cardano (ADA) Sell-off

Cardano (ADA) has long been a favorite among cryptocurrency investors due to its robust blockchain technology and ambitious goals. However, even the most loyal holders sometimes choose to diversify their portfolios, and that’s precisely what happened here. The whale’s decision to liquidate a substantial amount of ADA highlights a trend of moving investments towards promising new projects in the DeFi space.

New DeFi Altcoin Showing Potential: Retik Finance (RETIK)

Retik Finance (RETIK) is the latest star in the DeFi galaxy. With an impressive presale season that saw it swiftly accumulate $32,050,000 in funds within just 75 days, RETIK has surpassed all expectations. Originally projected to last nine months to sell out 400 million tokens, the presale concluded much sooner, underscoring the strong demand and investor confidence in the project. Early investors in Retik Finance were handsomely rewarded during the presale stages. Starting at $0.030, the price of RETIK tokens soared to $0.12, delivering a quick 4x return on investment (ROI). This rapid appreciation set the stage for even greater interest once the token hit the open market.

Retik Finance Launches on Major Exchanges

Recently listed at $0.15 on major exchanges such as Uniswap, MEXC, Bitmart, LBank, CoinW, Digifinex, Bitrue, and P2PB2B, RETIK’s launch has been met with enthusiasm. The broad availability across these platforms has made it accessible to a wide range of investors, further boosting its trading volume and market visibility.

Staking and DeFi Utilities

One of the key attractions of Retik Finance is its robust ecosystem. Investors can stake their RETIK tokens directly on the Retik Finance platform, earning passive income while contributing to the network’s security. Additionally, Retik Finance has launched its own swap feature, making it easier for users to trade RETIK and other cryptocurrencies seamlessly.

DeFi Virtual Debit Cards

Adding to its suite of DeFi utilities, Retik Finance is developing DeFi virtual debit cards. This innovation is poised to revolutionize how users interact with their digital assets, offering a convenient and practical way to spend cryptocurrencies in everyday transactions. This development aligns with the broader trend of DeFi projects aiming to bridge the gap between traditional finance and the crypto world.

Expert Projections: A Bright Future for RETIK

According to market experts, Retik Finance (RETIK) is on the verge of a major breakout. Projections suggest that RETIK could increase by 6000% and potentially reach $9 by 2024. Such optimistic forecasts are grounded in the project’s strong fundamentals, innovative features, and the growing popularity of DeFi solutions. Retik Finance’s rapid presale sell-out and subsequent market performance have proven its allure. The project’s ability to captivate investors and exceed expectations has been nothing short of remarkable. As it continues to develop and roll out new features, the potential for further growth seems almost inevitable. The excitement surrounding Retik Finance (RETIK) isn’t just limited to its impressive financial metrics. The community sentiment has been overwhelmingly positive, with early adopters and new investors alike expressing confidence in the project’s vision and execution. The strong community support is a vital component of any successful cryptocurrency project, and Retik Finance appears to have it in spades.

Conclusion: A Calculated Bet on the Future

The whale’s decision to offload $4,000,000 worth of Cardano (ADA) and move a portion of those funds into Retik Finance (RETIK) is a calculated bet on the future of DeFi. With its successful presale, robust staking options, innovative utilities, and optimistic market projections, Retik Finance stands out as a promising new player in the cryptocurrency space. As 2024 approaches, all eyes will be on RETIK to see if it can fulfill its potential and deliver substantial returns to its investors.

Visit the links below for more information about Retik Finance (RETIK):



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22 05, 2024

Ethereum NFT Sales Pump 33% After First Ethereum ETF Got Listed On DTCC

By |2024-05-22T23:27:23+03:00May 22, 2024|News, NFT News|0 Comments


The non-fungible token market, which has been in a state of uncertainty for the past several weeks, has recorded positive growth today after Vaneck listed its SPOT Ethereum ETF on the DTCC. The market listing showcases that Ethereum ETH approval is just around the corner.

Ethereum NFT Sales Jump 33% Today

Data compiled by Cryptoslam.io, an on-chain crypto market aggregator and a multi-chain non-fungible token explorer, indicates that the global non-fungible token market has sharply surged in sales today, following this crypto market hype. In the past 24 hours, the global NFT market has recorded a trading sales volume of $22 million, representing a 25% surge from the past day.

During this period, Ethereum, the blockchain network renowned for powering the majority of blue-chip NFTs, is the top traded NFT blockchain, with Ethereum-based NFT sales volume jumping 33%. In the past 24 hours, the Ethereum-based NFT collection has amassed a trading sales volume of $8.6 million.

Ethereum NFT sales

This notable market rally in the NFT market happened shortly after the first Ethereum ETF ‘VanEck Spot Ethereum ETF’ got listed on the DTCC stock market under the ticker ETHV. An Ethereum ETF is a financial product designed to track the price of Ethereum, enabling investors to buy and sell shares on traditional stock exchanges.

It’s worth noting that the crypto and the non-fungible token markets have a strong relationship similar to that between mother and child. In that context, what affects the crypto market disrupts the NFT market too in most cases. Below, we have listed five of the top-selling NFT collections today.

Five Top-Selling NFT Collections Today

 

five top selling NFTs

Source: cryptoslam.io, Top selling NFT collections in the past 24 hours

1. Milady Maker

Milady Maker, a non-fungible token collection from the digital asset firm Remilia featuring a limited edition of 10,000 NFT collections hosted on the Ethereum network, is today’s top-selling NFT collection. In the past 24 hours, the Milady Maker NFT collection has recorded a trading sales volume of $1.07 million, representing a 274% surge from the previous day.

2. CryptoPunks

CryptoPunks, a non-fungible token collection under the Yuga Labs umbrella featuring a limited edition of 10,000 pixilated NFTs hosted on the Ethereum network, is this week’s second most-traded NFT collection. In the past 24 hours, the CryptoPunks NFT collection has raised a trading sales volume of $737,526, representing a 15.91% surge from the previous day.

3. The Captainz

The Captainz, a collection of 9,999 utility-enabled profile pictures from the web3-focused studio Memeland that feature rarity-powered traits inspired by pirates, internet memes, and pop culture, is today’s third most-selling NFT collection. In the past 24 hours, the Captainz has raised a sales volume of $608,237, up 161% from the previous day.

4. Redacted Remilia Babies

Redacted Remilia Babies, a non-fungible token collection from the digital asset firm Remilia that features a fixed set of 10,000 neochibi PFP NFTs hosted on the Ethereum blockchain network, is today’s fourth most-selling NFT collection. In the past 24 hours, the Redacted Remilia Babies NFT collection has recorded a trading sales volume of $504,033.

5. Pudgy Penguins

Pudgy Penguins, a non-fungible token collection from the Pudgy Penguins toy brand featuring a limited supply of 8,888 NFTs hosted on the Ethereum blockchain network, is today’s fifth most-selling NFT collection. In the past 24 hours, the Pudgy Penguins NFT collection has recorded a trading sales volume of $390,876, closing our five top-selling NFT collections today. The Pudgy Penguins NFT sales have risen 125% from the past day.

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  • 10% OTC Discount – smogtoken.com

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22 05, 2024

Aleph Zero Sets New DeFi Standards with Common AMM Launch

By |2024-05-22T19:25:16+03:00May 22, 2024|News, NFT News|0 Comments


The current DeFi space is undergoing a revolutionary change with the introduction of Aleph Zero’s Common Automated Market Maker (AMM). DeFi, commonly known as decentralized finance, is experiencing the emergence of a novel paradigm through Aleph Zero’s Common Automated Market Maker (AMM).

It is a step toward a new form of DeFi that emphasizes privacy, security, and a user-friendly interface, among other things. In this article, let us take a closer look at Common AMM, how it has changed the DeFi ecosystem, and what it will look like in the future in terms of decentralized trading.

Understanding Aleph Zero and Common AMM: Aleph Zero is a privacy-centric blockchain that has been justifiably earning an excellent reputation in the emerging industry. The company’s latest product, Common AMM, responds to the consistently improving experience of the DeFi ecosystem. Currently, the focus lies on the further development of the different applications and features of AMMs, which are set to go live on the mainnet on May 21st, 2024.

Liquidity Pools and Farming: It is crucial to note that Agenda One commonly defines and provides liquidity pools and farming opportunities from the start. Utilizing its native token, users are also capable of supplying many tokens to several pools with the aim of making unique farming revenue. This feature is aimed at creating more people to engage in trading in a bid to encourage more trading activities on this platform and thus have a high level of liquidity.

Bridging with Ethereum: One of the proposed superficial architectural peculiarities of Common AMM is MOST—a built-in bridge that connects Aleph Zero with Ethereum. Transitioning from Assets to , this bridge enables the direct transfer of tokens between the two ecosystems, enriching the usefulness of Common AMM.

Swapping Mechanism: It is crucial to note that Common AMM boasts a swapping mechanism that will start on May 23rd after two days of building its liquidity. The following mechanism enables users to trade tokens conveniently, making the trading process as smooth as possible. 

Privacy-Enhancing Technology: At the center of Common AMM is the use of a zero-knowledge proof known as Proof of Damage in Absentia, developed by Aleph Zero. This aspect serves as a competitive advantage in maintaining anonymity when dealing with trades or other business ventures.

User-Friendly Interface: This coincides with the fact that the common is designed with a unique view of convenience. This will be an integrated app solution featuring an embedded pocket change wallet, eliminating all the onboarding steps and convergent with integrated IBAN accounts. This is a new concept in terms of ease of usage and company or individual funds. 

Common AMM’s effect on_defi: This is not just a regular launch, a new product in AMM, but a new era within the DeFi. With a high level of emphasis on privacy and ease of usage, Aleph Zero is aiming to take on some of the most critical issue areas in $DeFi. Another benefit of the platform focusing on security measures and adherence to the regulations is the company’s commitment to fostering a more stable and substantial DeFi space.

Future Developments and Expansion: This is admitted when the authors designate to future developments a vision for Common AMM that goes beyond its start. Subsequent releases will include an upgraded order book, which will be integrated with privacy-improved features and complete with solutions that will be suited for institutional trading and integration of EVM-based blockchains. These features will augment the services provided by Aleph Zero while holding the SaaS providers’ data in confidence and keeping up with the dynamic DeFi space.

Common Drops: Nonetheless, rewarding community engagement is crucial to the success of community engagement. In addition, the project will launch the AMA and Common Drops program, which will reward the community with tokens in celebration of the launch. While these tokens will initially be non-fungible, they will be usable in the future for trading with CMN, the platform’s native coin. The liquidity for Drops can be supported through staking AZERO and being involved as a maker in Common AMM.  

Conclusion

However, the advent of the Common AMM by Aleph Zero is one of the most significant events in the DeFi sector. It unveils a set of features due to launch that would likely revolutionize the landscape of trading through a decentralized exchange. Given that it was designed to emphasize the protection of users’ identities, a safe and efficient trading experience, and extending the targeted user base to include private persons and institutional investors, Common AMM is geared for success.



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22 05, 2024

BitVM-Based Bitlayer Provides $20M Airdrop for Dapp Leaderboard Competition, Rewarding Ecosystem Projects and Their Users

By |2024-05-22T15:22:32+03:00May 22, 2024|News, NFT News|0 Comments




SINGAPORE


,


May 22, 2024


/PRNewswire/ — Bitlayer, the first Bitcoin Layer 2 solution based on the BitVM paradigm, announced today that the first

dapp leaderboard competition

will be officially launched on

May 23rd

, and will distribute

$20 million

worth of token airdrops to all projects deployed on the Bitlayer mainnet, according to their ecosystem contributions. Projects can elect to reward 100% of airdropped tokens to their users.



This leaderboard competition


is part of Bitlayer’s

$50 million

token developer incentive program, namely, Ready Player One. Upon completion of the competition, the remaining token rewards will be distributed through subsequent leaderboard competitions and the Bitlayer Most Valuable Player (MVP) program.


Time Schedule

The schedule for the two epoch of competitions is as follows:

  • Epoch 1: Expected to last 4 weeks, from

    May 23rd to June 23rd

    .
  • Epoch 2: Expected to last 8 weeks, from June to August (estimated).


Distribution Rules

The

dapp

leaderboard competition will airdrop

$20 million

tokens to all projects deployed on the Bitlayer mainnet based on their contribution levels.


What is the contribution level?

The assessment indicators of ecological contribution include TVL, effective transaction number, effective user number, and leaderboard popularity. Bitlayer tracks the above data daily and allocates corresponding Bitlayer Gems to projects.

The definitions for each index are as follows:

  • TVL: The total value of effective assets locked on the Bitlayer mainnet.
  • Effective Transaction Number: The number of effective transactions made by users calling the

    dapp

    contract.
  • Effective User Number: The number of effective addresses interacting with the

    dapp

    contract on the Bitlayer mainnet.
  • Leaderboard Popularity: The accumulated popularity votes of the project during the preparation period.

Projects can optimize the corresponding indicator values according to its own track and product characteristics, such as increasing TVL, increasing user interaction, increasing the number of effective users, and improving the popularity leaderboard to enhance Bitlayer’s ecological contribution and obtain more Bitlayer Gems.


What determines the number of Bitlayer Gems obtained by a project?

During the competition, any chain interaction within the ecological application by users will accumulate Bitlayer Gems for the project. The more user interactions, the more Gems the project gets. Data is counted and distributed daily.


When will the airdrop be distributed?

Airdrops during this competition will be distributed daily in the form of Bitlayer Gems and will be converted into Bitlayer Tokens (BTR) according to the rules after the Token Generation Event (TGE).

From the first day of the competition, projects can choose whether to distribute 100% of the incentives to users. If fully distributed, Bitlayer Gems obtained by these projects will be automatically distributed to interact users after the competition.


In addition to Bitlayer Gems, what support can projects receive?

Bitlayer will set up three leaderboards on the official website for TVL, protocol transaction count, and leaderboard popularity to provide extra exposure for outstanding performance and top-ranked projects. In addition, Bitlayer has also set up


a

$2 million

listing fund


and

$100 million

in liquidity support for all projects.

If you have any questions about this

dapp

leaderboard competition, please contact us through our official channels. We are glad that you can join this exciting journey, keep building!


How Can Users Participate in the Bitlayer Ecosystem?

With the launch of Bitlayer

dapp

leaderboard competition, the opportunity for users lies in participating in Bitlayer ecosystem projects, such as staking assets and increasing interactions through on-chain operations to boost activity. While adding Bitlayer Gem rewards for projects, users also have a high probability of obtaining Bitlayer Gem rewards provided by the projects, which can be exchanged for Bitlayer Tokens (BTR) after the Token Generation Event (TGE).

To engage in Bitlayer on-chain interactions, users can cross-chain BTC to Bitlayer via the official bridge. For detailed instructions, please check


here


.

If your assets are on the

Ethereum

chain, you can also cross-chain assets like USDT, USDC, and

ETH

into Bitlayer through the third-party bridge, Meson. For more details, please refer to this


tutorial


. If you don’t have Gas in your wallet, you can quickly exchange ERC20 or TRC20 USDT for Gas using the official “Get Gas” feature. For detailed instructions, please refer to this


link


.


About Bitlayer

Bitlayer is the first

Bitcoin

Layer 2 solution based on the BitVM paradigm. Bitlayer’s core objective is to address the trade-off between security (trustlessness) and Turing completeness in BTC layer 2 through cryptographic innovations and blockchain protocol engineering.

Bitlayer is committed to becoming the computation layer for

Bitcoin

, aiming to introduce ultra-scalability to

Bitcoin

while inheriting its security, providing users with a high-throughput, low-cost transaction experience.

Follow Bitlayer to stay updated on everything:



Website


|


Twitter


|


Discord


|


Medium


|


Github


|


Youtube

Cision
View original content to download multimedia:

https://www.prnewswire.com/news-releases/bitvm-based-bitlayer-provides-20m-airdrop-for-dapp-leaderboard-competition-rewarding-ecosystem-projects-and-their-users-302152774.html

SOURCE Bitlayer Labs





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21 05, 2024

Top DeFi Coins You Must Buy Before Summer for Explosive Gains

By |2024-05-21T21:12:25+03:00May 21, 2024|News, NFT News|0 Comments


The DeFi market is rapidly rising and can offer generous profits this summer. Smart traders chase distinctive coins that can be very lucrative. Today, we will discuss the eight best DeFi coins you should buy before the summer of 2024 to experience major gains.

The 8 Top DeFi Projects To Keep on Your Radar

Here are the best 8 DeFi coins you should watch before the summer months of 2024:

●       DTX Exchange (DTX) – The best overall DeFi crypto that could redefine the industry.

●       Chainlink (LINK) – A unique DeFi project that is essential in the market.

●       Fantom (FTM) – Another scalable blockchain platform designed for DeFi apps.

●       Avalanche (AVAX) – A DeFi coin showing tremendous gains.

●       THORChain (RUNE) – A noteworthy coin trading in the green.

●       Ethena (ENA) – Another DeFi coin is showing bullish signs.

●       Jupiter (JUP) – A Solana-based DeFi project that brings high speeds.

●       The Graph (GRT) – A cryptocurrency now on an uptrend.

Now, we will dive into each of these DeFi coins in greater detail.

1.   DTX Exchange (DTX)

DTX Exchange (DTX) is a rising presale star in the DeFi space. Its value has already surged by 100%, now sitting at $0.04 in Stage 2 of its presale. Its performance has been outstanding, as it has raised over $500K so far, with projections of it reaching $1M before the end of this month.

This DeFi project revolutionizes the trading industry by combining the best CEX and DEX in one platform. With this hybrid trading model, traders worldwide experience leverage of up to 1000x for over 120K assets in complete anonymity. In other words, they access stocks, cryptocurrency and more on one exchange that does not implement KYC checks.

At the heart of this platform lies the DTX token. Holding it is vital as it will bring you access to enhanced analytics, loyalty rewards and governance voting rights if you stake it. Additionally, the DTX Exchange team has implemented many security measures and this token now boasts an audit by Solid Proof, which it passed with flying colors. This is stellar news for all new buyers.

Since many exchanges lack variety and DTX Exchange implements a wide range of trading assets, it could become a fan-favorite. Thus, it will dominate the global online trading market, projected to reach $14B by 2031. As a result, analysts foresee a 50x value jump for the DTX token in Q3 of 2024 once a Tier-1 CEX lists it – making it the best DeFi crypto.

2. Chainlink (LINK)

Next up, we will mention Chainlink (LINK). Essentially, Chainlink will bring data feeds to blockchain apps which makes it an essential part of the DeFi ecosystem. Recently, this DeFi coin has been making headlines. Notably, Chainlink announced its partnership with the DTCC to increase the tokenization of traditional financial funds.

This Chainlink news may trigger a rally for this crypto, which has soared over 150% on the YTD charts. Additionally, over 20 technical indicators are in the buy zone for the Chainlink crypto. Thus, experts foresee a potential surge to $23 for Chainlink within Q2 of 2024.

3.Fantom (FTM)

Fantom (FTM) is another crypto that has made our top DeFi coin list. It is a highly scalable and powerful DeFi-focused blockchain. Users are drawn to its low fees and near-instant transaction finality.

The Fantom crypto value movement has surged over 130% in the past year alone. Additionally, over 28 technical indicators are flashing green for this DeFi coin while it trades above its 100—and 200-day EMAs. Due to all these reasons, experts have made a bullish Fantom price prediction. They predict a rise to $1.27 before Q2 of 2024 ends for Fantom.

4.Avalanche (AVAX)

Next, we have to mention Avalanche (AVAX), another noteworthy DeFi project. Avalanche is a decentralized platform for building custom DeFi apps. It provides high speed, low latency and a big ecosystem. This ecosystem was recently made even bigger as Avalanche announced the launch of its newest aggregator, Solar DEX.

This bullish Avalanche news could be a precursor to some significant gains. Speaking of which, this DeFi coin’s price surged nearly 150% over the past 12 months. Thanks to this fact, AVAX is now trading above its 50 and 100-day EMAs, experts remain bullish. They forecast a potential rise to $48.18 within Q2 of 2024 for Avalanche.

5.THORChain (RUNE)

THORChain (RUNE) is a DeFi coin that has recently seen some green charts. CoinMarketCap data shows that the THORChain price increased nearly 500% in the past 12 months. This price surge can be attributed to the general bullish sentiment surrounding the crypto market.

Not only that, but the THORChain crypto is now trading above its 100—and 200-day EMAs while boasting 28 green technical indicators. As a result, market analysts have made a bullish THORChain price prediction. They predict RUNE will hit $5.94 before Q2 of 2024 ends.

6.Ethena (ENA)

Ethena (ENA) is another DeFi coin that is making a name for itself. Recently, Ethena Labs announced that the sUSDe APY has risen to 37.2%. This is good Ethena news as more people will benefit from it.

The Ethena crypto saw a price surge of over 5% in the past year alone. Currently, 5 technical indicators for this DeFi coin are also in the green. Because of this, analysts are bullish about Ethena—they predict it will be trading at $1.02 within Q2 of 2024. This prediction makes Ethena one of the best DeFi coins to watch.

7.Jupiter (JUP)

In the second-to-last place on our top DeFi coin list is Jupiter (JUP). Based on the Solana blockchain, Jupiter is a project that combines liquidity throughout DEXs. Its main objective is to provide best trading rates and decrease slippage by aggregating liquidity from various sources.

In terms of the Jupiter price movement, it fell nearly 23% on the YTD charts. However, the technical analysis for this DeFi coin is showing bullish signs. For example, over 19 technical indicators are now in the buy zone for the Jupiter crypto. Because of this, experts have made a bullish Jupiter price prediction. They foresee a rise to $1.79 for JUP within Q2 of 2024.

8. The Graph (GRT)

Last but not least, we have to talk about The Graph (GRT). Recently, The Graph crypto has been making bullish waves in the crypto market. CoinMarketCap data shows that The Graph price surged over 150% in the past 12 months.

Not only that, but the technical analysis of The Graph is also bullish. For instance, GRT is trading above its 50 and 100-day EMAs while 26 technical indicators are flashing green. All these factors have made prominent market analysts forecast a jump to $0.50 within Q2 of 2024 in their The Graph price predictions.

Conclusion on the Best DeFi Projects To Buy Right Now

While all of these DeFi coins are worth watching, one stands out—the DTX Exchange. It targets a market worth trillions of dollars. This gives DTX Exchange an advantage over Chainlink, Fantom, Avalanche, THORChain, Ethena, Jupiter and The Graph. If you wish to capitalize on its growth, sign up for its ongoing presale right now.



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