Four reasons to choose Alium.Finance if you are an active user of cryptocurrencies

According to the analytical resource Blockchain.com, the number of active crypto wallets in the world has exceeded 81 million. This means that every hundredth inhabitant of the planet already uses digital currencies as an investment or mean of payment. And every year this number is only increasing. At the same time, the crypto business creates new opportunities and conditions for the use of crypto assets among ordinary users, and the popularization of decentralized finance has greatly simplified the use of cryptocurrencies in everyday life. Today, DEX platforms allow not only to exchange one cryptocurrency for another in one click, but also offer new types of earnings: staking, liquidity farming, and many others. Moreover, crypto users can lend to other market participants and receive guaranteed payments for providing liquidity. In this article, we figured out what opportunities the Alium.Finance platform provides to its users and what unique opportunities are available for professionals, novice crypto users, and even businesses.

What is Alium Finance

Alium.Finance is a multi-chain DeFi ecosystem that includes several products, such as a multi-chain exchange that supports the 9 most popular blockchains, multi-chain bridges that help transfer tokens between different blockchains, the Strong Holders Pool, a hybrid liquidity function, and ALM native token. Separately, it is worth mentioning the NFT project and the Play-2-Earn game Cyber.City, which is being developed by Alium.Finance. The release of this game will be presented in the near future. Despite the fact that the company was launched quite recently, today hundreds of users from all over the world choose solutions from Alium.Finance, because the company solves the main problems of the DeFi market by offering effective tools for exchanging cryptocurrency and making money on it. So, what makes Alium.Finance so attractive to users?

Easy exchange of tokens between blockchains

Today, there are at least fifty blockchains of various levels on the market, on the basis of which thousands of different tokens have been issued. The main problem is that many chains do not exchange information with each other, which means that it becomes problematic to exchange one token for another. Let’s take a simple example. You need to exchange a BEP-20 token created on BSC for an ERC20 token backed by the Metis Andromeda blockchain. The blockchains are not aligned with each other, which means that it will not be possible to transfer tokens in the usual way.

This is where Alium.Finance solutions matter. The user just needs to go to the Alium.Swap site, select an exchanged token and a received token, then confirm the operation. Thanks to the created bridges between blockchains, the exchange will take only a few seconds, and the operation itself is carried out according to the algorithm: BEP-20 token – ALM token – ERC20 token. An auxiliary tool for the exchange is the native token of the ALM project, thanks to which the token is converted from one blockchain to another. At the same time, users have to pay only 1% commission for conversion, and the exchange itself takes only a few seconds.

Liquidity Migration or Vampiring

Vampiring in cryptocurrencies has nothing to do with horror movie characters. On the contrary, the vampiring feature allows you to earn even more by moving liquidity from one blockchain to another. The implementation of this feature on the Alium exchange is necessary so that users can easily transfer their liquidity from other DEXs to Alium. In return, users receive ALM tokens, which are already traded on centralized and decentralized exchanges today. After launching this feature, Alium.Finance users can transfer their liquidity in the following directions:

  • Under the Ethereum protocol: Uniswap v2, Sushiswap;
  • On Binance Smart Chain: Pancake, Bakeryswap, Biswap, MDEX, Pancakebunny, Rabbit finance, Pantherswap, Autoshark, Apeswap, Cashcow finance;
  • On the Polygon network: Quickswap, Honeyswap, Firebird Finance, Dfyn Network, Polycat finance, Polyyeld, Kogefarm;
  • On HECO: MDEX;
  • Fantom: SpookySwap , Spirit Swap;
  • Metis: NetSwap, Tethys.finance;
  • Moonriver: SushiSwap;
  • Moonbeam: StellaSwap, beamswap;
  • Near Aurora: NearPad , io;

Liquidity migration is already available to users.

Hybrid liquidity for DEX

The main problem of all existing DEXs is the lack of liquidity. In other words, if the platform does not have enough free funds to make transactions, then users simply cannot buy or sell coins. By the way, this problem was also inherent in many centralized exchanges, which, at the time of lack of liquidity, simply went offline, and users could not withdraw their funds or sell coins. Alium.Finance solves this problem with its hybrid liquidity feature.

Hybrid liquidity allows traders to use both the liquidity available on Alium and most major exchanges, using an algorithm to select the best price. This makes Alium an ideal DeFi hub with quite a large number of networks. Alium already supports blockchains such as BSC, Ethereum, Huobi Eco Chain, Polygon Matic Chain, Fantom Opera, Metis Andromeda, Moonriver, Moonbeam, and Aurora. The hybrid liquidity model allows you to minimize the need for funds in Cross-Chain Swaps, which ensures the smooth and safe operation of traders.

Strong Holders Pool – the best solution for passive income

Another development of Alium.Finance allows participants to earn tokens by simply holding them in a liquidity pool. The company first announced the launch of the Strong Holders Pool at the end of 2021. The mechanics allow you to incentivize token holders not to sell the assets, but to HODL them for a long period of time. The rules for participation are very simple. One hundred participants are added to each of the pools and contribute tokens. Then you just need to keep them for a certain amount of time, and in return receive a fixed reward. The first 60 users to leave the pool will be at a loss, while the last 40 users of the pool will make a profit. The tokens of the withdrawn participants will be divided among the remaining ones in proportion to their share in the pool. Such a system helps to solve several problems at once. First, token issuers will be protected from token price dumps, which are often observed after a token sale and listing on the DEX or CEX. Secondly, users themselves get the opportunity to earn passively on cryptocurrencies. All you have to do is wait until the pool expires. Already today Alium.Finance has 9 open pools. Another pool is under formation, so every ALM token holder can join it at any moment. Since the launch of the Strong Holders Pool, more than 900 people have become participants.

Summary

The DeFi market is constantly evolving and improving, offering new opportunities for users. The Alium.Finance company offers modern and effective tools for earning money on cryptocurrencies. Multi-chain DEX and liquidity migration functions, Strong Holders Pool allow you to effectively manage crypto assets, as well as increase them through holding, and in the future, farming. Already today, users are choosing Alium.Finance solutions to solve the most pressing problems of the decentralized finance sector.

 

Accelerated Development of Pi Blockchain Yields Decentralized KYC Solution, 33 Million Engaged Users, and More on Path Towards Open Mainnet

An Examination of the Social Cryptocurrency Reveals Numerous Recent Achievements and an Exciting Future

On March 14, 2022, Pi Network celebrated its 3rd anniversary with important announcements and updates. The network defined future plans and shared  progress in terms of technology, product, and community growth since last year’s Pi Day.

Pi Network Growth March 14, 2021 – March 14, 2022

Pi Network had an amazing year of growth filled with accomplishments that fulfilled its roadmap objectives and grew the utility of the network. In the last year, Pi Network launched the Enclosed Mainnet, released three updated Whitepaper chapter drafts and advanced decentralization on the network by growing to over 10,000 active Testnet nodes. Additionally, the Pi Community grew from 15 million to over 33 million engaged users (referred to as “Pioneers” in the community).

In the same period, the Pi ecosystem has undergone evolution with launches and iterations of multiple PI Network apps and features including Pi KYC, Brainstorm, Pi Browser, Pi Wallet, Pi SDK, and Pi Blockexplorer.

Looking forward, Pi Network aims to accelerate the community mass KYC process, migrate its users’ balances to the Mainnet, develop an ecosystem of apps on its platform, and move to Open Mainnet.

Enclosed Mainnet Launch

The Enclosed Network period of Mainnet of the Pi blockchain went live on December 28, 2021. Here, a firewall prevents any unwanted external connectivity to the Mainnet. This Enclosed Mainnet period allows time for millions of Pioneers to pass KYC and the community to build utilities-based Pi apps. The Enclosed Network period also provides an opportunity for the network to test, gather data, and iterate on the Mainnet and the Pi Ecosystem before the future launch of the Open Network.

Updated Whitepaper Draft

Updated Whitepaper chapters were released along with the Mainnet launch. These chapters detail the Pi Network Mainnet roadmap, new mining rewards, and token model. The chapters are in draft form and continue to be updated based on community feedback and data gathered during the Enclosed Mainnet period.

Nodes

In the last year, the network grew to over 10,000 active Testnet Nodes. Additionally, there are tens of thousands of Pioneers operating the Node desktop application each day, on the waiting list to run the blockchain container. While not all Nodes run the Testnet consensus container, they all do provide the network with important data and infrastructure to enable multiple iterations of the Node software and Testnet. Once the Open Network period of Mainnet launches, such Community Nodes will be able to participate in securing the Pi Mainnet blockchain.

Hackathon

The network conducted its first #buildPi2gether Hackathon between June 28, 2021 and September 20, 2021 with thousands of Pioneers participating. Pioneers submitted many projects with a wide variety of use cases. A select few won rewards for their exceptional contributions.

KYC App

Development of the novel Pi KYC App began and continued throughout the year. The app was built to be a decentralized scalable KYC solution that combines machine automation and crowdsourced human verification. This KYC solution optimizes for accuracy and privacy while achieving accessibility, scalability for millions of people, and wide coverage of diverse populations. The team worked on several features and versions between testing rounds such as improved obfuscation algorithms which hide a Pioneer’s data from human validators, liveness checks which verify that a real person is applying, improved processing speed to ensure timely uploading of Pioneers’ documents, and much more. With multiple testing rounds completed, Pi Network has now made the KYC app (see Pi Day Announcements below!) available on a large scale.

Ecosystem Tools

In 2021, Pi Network developed and released a growing ecosystem of apps and features that will support Pioneers as Mainnet further evolves.

The Pi Browser was launched in April 2021 to create a more open and direct Pi Utilities platform for Pioneers and community developers to interact with and build upon. Within the Pi Browser, Pioneers can access the Pi KYC application and other apps being created by community app developers. As the ecosystem develops more and more apps with real use cases and utility, Pioneers will be able to spend Pi on the apps of their choice.

There have been many feature enhancements and additions to the Pi Browser since its launch, such as the addition of notifications and deep linking. New features will continue to be built and rolled out over the coming year.

The Pi Wallet was announced on Pi Day 2021, offering Pioneer’s a noncustodial method to hold their Pi. At release, the Wallet allowed Pioneers to interact with the Testnet blockchain by creating Test-Pi transactions. To help the community transition to Mainnet, the Pi Wallet has been updated so that Pioneers can switch between viewing the Mainnet and Testnet blockchains and get ready to receive their Pi balance on the Mainnet.

The Brainstorm App—a place for Pioneers to propose Pi Apps ideas, join existing projects, and engage with other Pioneers to join their projects—launched just prior to Pi Day, 2021. Throughout the year, the Brainstorm App saw many updates and feature changes to host the large-scale global online hackathon and UI improvements based on community feedback. More updates to Brainstorm will be implemented in 2022, so keep an eye out for some exciting news which will be announced later this year!

The Pi SDK, which enables developers to build applications that integrate with the Pi Ecosystem, was released on Pi2Day (June 28), 2021. This gave developers the ability to communicate with the Pi Blockchain to create payments and with Pi servers to validate consented information from Pioneers. Additional features are being planned for the upcoming year which will give developers increased functionality within their applications.

The Pi Blockexplorer first launched in October 2021 to provide visibility to the Testnet. Since the Mainnet launch, Pioneers have also been able to view transactions, accounts and blocks on the Mainnet blockchain. Pioneers can check their Pi balance, the status of a transaction, and the general state of the Pi blockchain.

Pi Day Announcements

Pi Day 2022 brought some exciting news! The Pi Core team announced the release of two important new features: (1) the long awaited rollout of mass KYC solution, and (2) the new Pi mining mechanism that allows more diverse mining rewards based on lockup settings, app usage, and node hosting.

Pi KYC applications are being offered as they become available, allowing Pioneers around the world to submit applications on a large scale, with the number of application slots expected to ramp up steadily. Pioneers will receive an in-app alert when they receive a slot to submit their application. These slots are chosen randomly and are not being assigned in any order. We understand that all Pioneers desire to submit their application and move to Mainnet, but please be patient as slots become available to all Pioneers to avoid system clutter when processing the millions! Given that machine automation is being scaled as needed, the network KYC speed now primarily depends on how many good human validators there are in each local community to process the human verification step of the KYC solution. So join the workforce of human validators and help speed up the KYC of the network.

The Pi KYC solution combines machine automation and human verification in order to accomplish accurate and efficient KYC for everyone. Machine automation will be responsible for image processing, text extraction, fake ID detection, liveness check and image comparison. The human verification flow, where pre-approved human verifiers check the redacted data of other Pioneers’ KYC applications, has also been released on this Pi Day.

Another major announcement is that Pioneers can now receive new mining rewards that increase individual mining rates resulting from diverse types of contributions to the network such as app usage, Node operations, and Pi lockups, in addition to pre-Mainnet rewards such as security circles and referrals. Locking up Pi while ecosystem utilities and use cases develop, engaging with Pi apps on a regular basis, and hosting a large network of Nodes are all vital to both the security and decentralization of the Pi blockchain and the stability and utility of the Pi Ecosystem.

Coming soon

Over the next few months, Pi Network has several upcoming releases that Pioneers should be aware of.

KYC App

The KYC app is self-sufficient within the ecosystem. It costs Pioneers 1 Pi to process their application. Further, fully KYC’ed Pioneers will soon be able to apply to become KYC validators for their country or region after agreeing with Service Terms of the app, going through a tutorial to train their validation skills, and being peer-vetted by trusted validators on their initial work. Since these validators’’ work is constantly cross-validated to prevent bad actors, providing consistently inaccurate verification will lead to removal from the workforce pool. Good validation work will be rewarded with Pi paid by KYC applicants.

Node Consensus Container

During the Enclosed Network period, the Consensus Container for the Testnet will be opened for all Community Nodes. This will offer Pioneers who want to maintain a copy of the ledger the chance to set up and monitor the performance of a node. Doing so is important for Pioneers to verify that their nodes are able to effectively handle the parameters of the Testnet blockchain. This will help ensure that Pioneers are able to host the Pi Mainnet blockchain with their Nodes once the firewall is removed and Open Network begins.

Further Pi Ecosystem development

Pi Network is ramping up its efforts to grow community app development on the Pi Browser to create real utilities and use cases within the Pi Ecosystem. This will include possible future Hackathons and other developer initiatives to help bring developers onto the Pi Developer platform. There will also be Pi apps developed by the Core Team.

Mainnet Migration

After a critical mass of Pioneers pass KYC verification, the network will begin transferring the KYC-verified Pioneers’ mobile-mined balances to the Enclosed Mainnet blockchain. These Pioneers will then be able to use their Pi within the internal Pi Ecosystem. In order to qualify for Mainnet Migration, Pioneers will need to complete all the steps on the Mainnet Checklist located inside the Mainnet tab in the Pi App. This includes creating a Pi Wallet through the Pi Browser, choosing a lockup configuration, and submitting and passing a KYC application.

Open Network

After mass Mainnet migration occurs and the Pi Ecosystem is sufficiently developed, Pi Network will move to the Open Network period of Mainnet, removing the firewall from the Enclosed Network period. This will allow for external connectivity, e.g., to other networks and to anyone who wants to connect to the Pi Mainnet. Removal of the firewall will allow direct access to the blockchain, and community Mainnet Pi Nodes will be able to run the  Mainnet blockchain.

Pi Network had robust growth and development during the last Pi year. There is excitement in the community about the upcoming Mainnet migration, development of the app ecosystem, and move to Open Network. Unlike other cryptocurrency networks, Pi has had vital community support from the very beginning of its journey. Pioneers helped secure and grow the network as they mined Pi on their phones and have been providing important feedback as the network evolved and iteratively improved on its technology and product. With so much to look forward to, the next Pi year is critical and calls for Pioneers to contribute even more diversely to the network in order to make it a success.

StorX Network Becomes the Answer to XDSea Marketplace’s Storage Needs

Decentralized Storage Provider StorX Network has joined hands with NFT Marketplace XDSea on a partnership set to eliminate IPFS based centralized storage. Under the terms of the collaboration, it follows that XDSea will leverage StorX decentralized storage network as a store for their art, images, and documents.

We are thrilled to announce the Partnership between @StorXNetwork and @XDSeaNFT.XDSea will use Storx decentralized storage network to store art, images, and documents. This will remove file storage centralized using ipfs.#StorX #SRX #partnership https://t.co/zfM7asYJaz

— StorX Network (@StorXNetwork) March 3, 2022

Standing as the first-ever, and largest P2P decentralized marketplace in the world to provide an avenue for selling and buying NFTs, XDSea is built atop the XDC Network and runs on the XRC blockchain. The collaboration and expected offerings are a testament to the numerous promises made by DIMO and XinFin who hosted the official debut of the XDSea network. From being the first NFT marketplace to join the XRC blockchain, and now offering safer and more reliable storage for digital collectibles, the possibilities remain endless for XDSea.

Already XDSea is reputed for its game-changing role offering very affordable gas fees in the market today thanks to its association with XinFin. Beyond that, it also offers the lowest transaction fees in the market today. By meeting users at the junction linking gas fees, transaction fees and now security, XDC is a game-changer in an extremely agile and dynamic industry.

Competitive features of StorX Network’s Decentralized Cloud

StorX Network has revolutionized data storage, providing a blockchain-based decentralized cloud storage solution. This solution evades tracking, censorship, blocking, or the presence of any downtime whatsoever. With these offerings, StorX leads netizens to a safer and more secure internet version where decentralization is the theme. XDSea is the first among many who are poised to leverage this future.

With this partnership, XDSea intends to leverage StorX decentralized storage for the safe storage of NFTs in the range of art, images and documents; an action that will eliminate the centralization element of storing files characteristic of IPFS.

IPFS is basically the hard drive of blockchain with a specific approach for data storage. IPFS stores data in such a way that when data is added to the IPFS network, the network splits it into groups of 256Kb capacities. Each group is identifiable using a specific hash and is thereafter spread across multiple nodes on the hash-linked networks.

StorX is safer than IPFS

While both use transport encryption, StorX offers more security thanks to its content-encryption property. While user data is safer when being sent between individual IPFS nodes, that data is accessible to anyone who wishes to download and view it provided they have the CID. StorX enhances security by providing the content-encryption property.

Moreover, the XDSea will benefit from, among other privileges offered by StorX, the assurance of offering users a safer and more reliable storage network for their digital collectibles on the cloud. With this collaboration, XDSea, therefore, expects to deliver a safer and more unregulated storage experience for its esteemed user community so that they can design and develop their valuable NFTs on the open-source NFT Marketplace, XDSea.

Notably, the partnership makes for a notable milestone for StorX, positioning them as the first storage provider to collaborate with XDC NFT marketplace for purposes of solving their storage needs. The mechanics hold that every file that a user uploads on StorX is split into multiple parts before encryption into several fragments and finally stored within independent storage nodes. The nodes are run by different operators located in various parts of the world.

The hallmark of StorX network’s offering centers on the fact that the system is designed as a group of autonomous storage networks. This means that there is no one operator who holds total access to the data belonging to a single user. With different parts held by different operators, the amount of power or influence held by a single holder is therefore significantly reduced to an almost invaluable minimum, hence enhanced user security.

#XDCNFT are coming to the #XDCNetwork. It is still early days but new artists, fans and innovators are rapidly joining the #XDC community. Buckle up, this space is about to explode! pic.twitter.com/YjvilI4Nox

— PiusVirXDC (@PiusVir) March 21, 2022

 

Amber Group strengthens management team with Ehsan Haque as EMEA General Counsel

Amber Group, a leading global digital asset platform, is proud to announce the appointment of Ehsan Haque as its General Counsel for the Europe, Middle East and Africa region (EMEA). Amber Group’s latest appointment comes amid the company’s global expansion plans and its ambitious licensing and regulatory roadmap. The company, now valued at US$3 billion following two successful Series B and Series B+ rounds, has since been expanding with new offices worldwide and regulatory licenses secured in Europe, Latin America and Asia.

As Amber Group’s General Counsel, Ehsan will work closely with Chief Operating Officer (COO) Wayne Huo to lead Amber Group’s legal and regulatory risk management in the EMEA region, and ultimately deepen the company’s relationship with regulatory authorities in these markets.

Ehsan joins Amber Group after an illustrious career as an in-house counsel at various established investment banks, broker-dealers, private equity firms and fintech start-ups. Ehsan trained at renowned international law firm, Slaughter and May, before joining Deutsche Bank as an in-house counsel, overseeing Equities Sales Trading and Global Markets Derivatives. He later joined Royal Bank of Scotland (RBS) Global Banking and was part of the senior management team at Nomura’s EMEA Legal Department where he led the Equities legal product coverage for the region.

Ehsan was most recently a General Counsel at two different fintech start-up businesses, including Lendingblock, a cryptocurrency borrowing and lending platform. He served as Global General Counsel at a private equity firm that has US$13B AUM across the fintech and digital assets space prior to joining Amber Group. Ehsan also acts as an advisor to a leading fintech accelerator and was featured in The Lawyer Hot 100 2022 list.

“I am excited to be joining Amber Group at this stage of its incredible growth journey so far. The regulatory landscape for digital assets is ever-evolving and these coming few years will be defining ones for the industry as we work towards securing eventual regulatory clarity across the EMEA region and the world. I look forward to supporting the company’s growth and to guiding the legal and regulatory risk management as part of Amber Group’s strategy in the EMEA region,” says Ehsan Haque.

“The EMEA region has long been a strategic market for Amber Group as the region has led a variety of neobank and neobroker-related innovations for the global financial ecosystem. We are proud to be welcoming Ehsan who makes a great addition to our team at Amber Group. With his strong track record in both traditional finance and emerging fintech start-ups, we are excited to work with Ehsan and build a strong regulatory framework that supports the viability and utility of new industry innovations in the EMEA region and accelerate the company into the next phase of growth,” says Amber Group Global COO, Wayne Huo.

How to Withdraw Your Crypto Assets for Free on FTX

In this guide, we are going to show you how you can withdraw crypto assets from the FTX US exchange for free. Founded in May 2019, FTX US currently offers more than 27 crypto-crypto trading pairs, while providing some of the most cost-effective deposit and withdrawal options in the industry.

If you have ever invested or traded in the cryptocurrency markets before, you will understand how difficult it is to make a profit. The high levels of volatility and uncertainty can put even the most experienced traders to the test. As a result, it’s easy to see why many people resent paying an extra fee to withdraw their assets since it eats away at their hard-earned profits.

For example, Binance, one of the industry leaders, charges a fixed fee of 0.0005 BTC (roughly $21 at the time of writing) for each crypto withdrawal. This fee is charged regardless of the size of the withdrawal. In addition to regular network fees, Coinbase, another crypto exchange behemoth, charges its users a 1% fee to convert and withdraw their crypto to cash.

How to access unlimited free withdrawals on FTX

Let’s start off with the good news for all you high rollers out there. All withdrawals over $5,000 are free on FTX. No matter how many you make in a day/week/month, you will never have to pay a cent to withdraw. This means that you can enjoy unlimited free fiat withdrawals, as long as you ensure that each of them totals more than $5,000.

For those of you that want to withdraw less than $5,000, you will be granted one free withdrawal per week. This allows you to transfer your funds out of the exchange without having to pay any fees or charges whatsoever, regardless of the size of the transaction.

The weekly free withdrawal under $5,000 works on a rolling period. This means that as soon as you make your free withdrawal, the countdown until your next one begins immediately.

Additional withdrawals under $5,000

If you want to make multiple withdrawals under $5,000 within the same rolling week, then fees will apply. Here is a quick breakdown of the charges for each currency:

  • USD – 25 USD
  • GBP – 75 GBP
  • EUR – 32 EUR
  • CAD – 100 CAD
  • CHF – 30 CHF

There are no hidden fees that you need to take into account. However, if you do receive any extra charges, this will be down to your receiving or intermediary bank. Therefore, it is recommended that you reach out to them before initiating a withdrawal to clarify their charges (if there are any).

Crypto withdrawals

On FTX US, withdrawing crypto to non-custodial wallets is completely free. With the exception of ERC20 and OMNI tokens, FTX will even pay the blockchain fees for token withdrawals. As for speed, the majority of withdrawals are completed in a matter of minutes. Larger withdrawals may necessitate manual review, which could take several hours.

Withdrawal limits

Tier 1 account holders in the United States are limited to $10,000 in crypto and fiat withdrawals per day and $300,000 in cumulative withdrawals. Tier 2 account holders in the United States have no restrictions on crypto or fiat withdrawals.

How to withdraw on FTX

Head to your FTX US wallet and select the withdrawals tab to initiate the withdrawal process.

Below, you will see a list of all of your current assets, both fiat and crypto. Select the asset you want to withdraw, then hit the “Make a withdrawal” button in the top right. Let’s take a look at withdrawing Ethereum as an example.

Once you have selected ETH from your list of assets and click withdrawal, you will be greeted with this window. Here you can see a breakdown of what networks are supported on each blockchain. For Ethereum, you can use ETH, Solana SPL, Arbitrum, or Binance Smart Chain. Ensure that you select the right option, as you may lose your funds if you choose the wrong network. Double-check your wallet, or ask the receiver to confirm the appropriate network.

Next, enter the amount you want to withdraw and enter the ETH address to which you want to send the funds. You can save the address for future reference if you plan to use it again.

For fiat withdrawals, you can choose from the following options:

  • Wire Transfer
  • ACH
  • Silvergate Exchange Network (SEN)
  • Signet

The receiving bank account must be in the same name as your FTX account for ACH withdrawals, or the transfer will not be approved.

Things to keep in mind

There are a few things to keep in mind before wrapping things up. To start, you must ensure that you have completed stage two of the KYC procedure in order to execute a wire/ACH withdrawal. This may be a deal-breaker for people who prefer the anonymity of cryptocurrency, as it requires handing over formal documentation.

Second, FTX has stated that if the network is overloaded and/or spammed, they may impose a minimum fiat withdrawal restriction of $100 or equivalent. Therefore, users who want to withdraw funds at lower levels may be priced out. Finally, as previously indicated, certain banks and intermediaries charge their own withdrawal fees, particularly if they are hesitant to accept cryptocurrency-related wire transactions. To reduce this risk, reach out to your bank before withdrawing.

 

 

A Right Way for Investors – From Traditional Investment to DeFi Mining in Encryption Market

To offer the best option for all investors from traditional securities to cryptocurrency investment.

1. Berkshire Hathaway, a Magnate Unequal to Retail Investors

Berkshire’s investment practice is full of initiative. It makes use of its sensitive business sense to take the initiative and always maintains the professional quality of discovering value targets, Of course, every investment of Berkshire is in line with the long curve growth trend.

●      Anxiety of Retail Investors

Berkshire’s record or Buffett’s charm makes people want to exchange all their chips for more because everyone wants to earn more. However, from a personal stance, we have to admit that such a threshold will block us out. Berkshire’s high return on investment belongs to institutional investors and has nothing to do with retail investors! So how can individual investors choose a good way of investment?

 

2. Grayscale Fund, Filling up Old Bottle with New Wine, Engaging in Cryptocurrency of Wall Street

Before introducing Grayscale, we should learn about the encryption magnate, Digital Currency Group (hereinafter referred to as DCG), which is called by its founder as the Berkshire Hathaway of the encryption world. Its scale has already exceeded US $10 billion. Including investment in Coinbase, the world’s largest exchange, Decentraland, the leader of metaverse concept, etc. Its Grayscale, CoinDesk and Genesis are particularly famous.

Holding Coca-Cola alone is enough to shock ordinary investment institutions. In 1988, Buffett bought 593 million US dollars of Coca-Cola stock. In 1989, the amount increased significantly to 1.024 billion US dollars. In 1994, the total investment reached 1.299 billion US dollars, which has remained unchanged since then. This is amazing. Of course, every investment of Berkshire is in line with the long curve growth trend.

●      Only-In-No-Out, Rising Unilaterally

From the perspective of operation mode, the trust fund of Grayscale can be regarded as an ETF. It was investigated and dealt with by the SEC in 2014. Therefore, since then, Grayscale deliberately stopped the “redemption” function on the grounds that the SEC would not approve it and did not strive for it anymore, which led to the ETF becoming a multi-currency encrypted capital pool with multiple encrypted currencies led by bitcoin. With no channels for getting back the digital currency, the investors could only cash in the OTC market with the Grayscale trust and the currency holding of the Grayscale fund would only rise unilaterally. This is why the price of Grayscale trust has always been at a premium.

●      No Alternative for Retail Investors

Up to now, the Grayscale trust has held a total of 13 currencies, which are successively the leading projects of subdivided projects such as BTC, ETH, LINK, FIL and MANA. Although investors do not have to worry about the risk of return-to-zero, the optional power for them still lacked diversity. Grayscale, as a cryptocurrency trust, has the same over-centralized management as that of Buffett’s Berkshire. At the same time, the door of the Grayscale fund is not open to individual investors. Like Berkshire, it is a hotbed for institutional investors, which still discourages some individual investors.

So it seems that the Grayscale fund fails to give a better solution to personal investment!

3. BlackHoleDAO, Integrating with Various Advantages

Superior Protocol Mechanism

BlackHoleDAO is an upgraded version based on Olympus DAO, but such a description may be too narrow. To be exact, BlackHoleDAO constructed a brand-new standardized model based on DeFi 3.0, with a burn mechanism that solved the imbalance between high inflation and deflation based on the principle of splitting and merging of the traditional stock market. Moreover, the credit loan service of DAOs is launched in the new mechanism. It can be interpreted simply as a service protocol for enterprise asset management, which includes the splitting and merging function while providing the unsecured credit loan services based on itself. So it is like a loan business of a bank.

●      No Risk of Inflation

BlackHoleDAO also cleverly uses and upgrades the principles of stack and bond in Olympus. In order to solve the original high inflation problem of Olympus, BlackHoleDAO enabled the deflation mechanism on the premise of determining the total amount of tokens, which solved the problem while making passive gains.

●      Asset Management with DAOs

BlackHoleDAO Protocol is supported by the Treasury, with smart contracts to connect VC Pool and Donation Pool. VC Pool supports investment in multiple currencies, part of which is used to burn BHO (BlackHole DAO token) in the liquidity pool, and the rest for credit loan after the successful DAOs investment. Donation Pool receives the BUSD direct investment from investment institutions, DAOs teams and individuals, and finally gives return at twice in BUSD, and Transaction Fee Pool, in turn, provides operational support for Donation Pool, DAOs Community, and Black Hole Reactor.

VC Pool, the most mentionable in the BlackHoleDAO protocol, can be understood as another way to buy Bonds, except that the VC Pool only accepts valuable vouchers such as unstable tokens, NFTs and liquidity LPs. The tokens, NFTs and liquidity LPs online in the VC Pool are the tokens proposed by each DAOs community that are voted through.

●      Enhanced Supportive Stock (BHO)

After the VC Pool reaches a certain amount of assets, a certain proportion of different Tokens will be taken out from the liquidity LPs for grouping LPs and providing liquidity and LP loan services for leading products such as Curve, Compound and Aave. All the earnings will enter the VC Pool to support the circulation value of the stock (BHO).

Tokens that can be selected into the VC Pool need to be strictly reviewed and screened by the DAOs community. In this way, the long tail effect on potential assets by malicious behavior can be prevented, thereby avoiding the shrinkage and inflation of stocks (BHO). Such an operation is like the Grayscale fund that is decentralized, which is friendlier to individual investors. There is no doubt that excellent precipitated assets are bound to support the shares of BlackHoleDAO Protocol (BHO) to obtain a beautiful curve of steady rise. So far, a solution that can meet a variety of investment users seems to appear.

Summary

BlackHoleDAO is more like a decentralized Berkshire company. All users invest digital assets in exchange for BHO (similar to stocks), and rely on asset appreciation to provide value support for BHO. The development trend of digital assets is high-speed and upward. BHO converges digital assets of almost all categories and passively manages these assets.

Struct Finance Completes $3.9 Million Seed Round To Develop DeFi-oriented Structured Products

The world of structured products is set to undergo tremendous changes. Decentralizing these investment vehicles introduces modularity that would otherwise remain inaccessible. Struct Finance has secured $3.9 million in seed funding to usher in the era of decentralized structured products.

Takes A Different Approach

It is no secret that decentralized finance remains one of the most appealing concepts of blockchain and cryptocurrency today. The industry has grown from small beginnings and now represents over $220 billion in Total Value Locked. Users are drawn to these protocols, products, and services in search of high yields, composability, and the removal of intermediaries. However, there is a need for ongoing innovation in the space, especially for institutional-grade products.

Decentralized structured products may be the next catalyst to fuel broader mainstream DeFi participation. Unlike their traditional counterparts, the products under the Struct Finance banner give users customization options. For example, a user can customize interest rate instruments and compose various options in the ecosystem to create more complex products. In addition, there are numerous investment options, which users can custom-tailor to their risk appetite.

Lancer Capital Managing Partner Candice Zhao comments:

“Investors and institutions are forever faced with large swings in yields and token prices, or uncertainty and unquantification created by overly complex derivative protocols. Struct Finance is bringing structured financial products to DeFi, providing investors with attractive and simplified stablecoin yields. I am an admirer of their team, and I believe that fixed-income related products will become the first choice for institutional investors.”

Core benefits of Struct Finance include:

  • Varying levels of protection.
  • Abstracting risk management and complex pricing.
  • Introducing highly-competitive yield opportunities across supported digital assets.

Struct will initially launch on the Avalanche blockchain but will scale into other networks with EVM compatibility to improve asset availability and composability options.

Structured Products Are In High Demand

The desire to decentralize structured products comes at a crucial time. Decentralized finance is a booming industry, and pressing problems with traditional derivative products remain present. It is impossible for users to precisely determine the products they want to invest in when dealing with conventional providers. Instead, customers have to choose from the available options determined by the provider.

One may think this lack of personalization prevents industry growth, but that is not the case. Instead, structured products represent a $7 trillion industry, with further expansion on the horizon. Moreover, the concept is now gaining momentum in decentralized finance, primarily through cash-margined puts and covered calls. Struct Finance intends to take this opportunity and give investors more options than ever before.

Decentralizing financial vehicles can result in better liquidity, low slippage, and a lack of significant changes to discount rates if larger volumes are present during low market depth. Those are all essential aspects when dealing with liquidity across various assets and multiple maturity dates for derivative products.

Strong Investor Backing

The vision by Struct Finance strikes a chord with many crypto and blockchain investors. The team’s recent seed funding round attracted $3.9 million from two dozen top-tier investors and firms. Participants include Arcanum Capital, Finality Capital Partners, Infinity Ventures Crypto, Keychain Capital, lancer Capital, Lucibblue, MC Ventures, Wintermute, etc. Such strong support from investors confirms Struct Finance and decentralized structured products are a frontier worth exploring.

Arcanum Capital Founding Partner Karthik Bupathi adds:

“We decided to support Struct Finance because we feel they are creating a much needed cross-chain solution for both institutional and retail participants to launch their own structured products with fewer design limitations, allowing for more innovative investment products.”

The seed funding enables Struct Capital to build out its tools for institutional clients. These tools will help users customize interest rate products and allow for constructing next-generation structured products playing to different investor profiles’ strengths.

YashaDAO Promises A Community-Driven Incubator For Crypto Projects

The global blockchain market hit a record high valuation of USD 4.9 billion in 2021, gaining traction across many major industries. Institutional venture capitalists and retail investors are fueling this trend and pumping capital into crypto startups and projects.

By 2028, it is predicted to increase at an annual rate of 82.4 percent and soar to a market value of USD 394.60 billion!

Despite the highs that the crypto sector has achieved and the potential, it holds for transformation, it is nascent and volatile. Due to the lack of regulations and oversight in this space, investors fall prey to fraudulent Initial Coin Offerings (ICOs), shitcoins, and pump and dump schemes.

These scams have made investors apprehensive about investing in even seemingly valuable projects. This has also led to difficulties in raising capital for high-quality crypto startups. If this is left unchecked in the long run, it will certainly harm the industry and hinder the widespread adoption of cryptocurrency.

YashaDAO entered the scene to foster a healthy crypto investment ecosystem by solving the twin problems of capital fundraising and vetting genuine projects. But what is it all about? And does it match up to its promises?

Read on to find out!

YashaDAO: A Snapshot Of The Project

YashaDAO is a decentralized finance (DeFi) protocol built on the Ethereum network.

YashaDAO appears to have a solid foundation rooted in strong fundamentals of investments and due diligence. Memecoins can often be an extremely risky venture with massive losses, frauds, and exploitations.

One of the largest scams that befell the crypto community was the Squid Game token where investors were rekt from a rug pull of USD 3.4 million in a matter of minutes! In January 2022 alone investors lost over USD 4 million to scam crypto projects and this figure does not include the money lost to hacking attacks. Such is the magnanimity of the situation.

YashaDAO, according to its Whitepaper, is here to “transform the meme coin space forever and for good”. Being built on the Ethereum chain, its purpose is to serve as a vetting and contribution program for bootstrapping high-quality potential new token projects, charities, and not-for-profit organizations that want to raise capital or funds from the community.

YashaDAO itself has undergone a smart contract audit by DeFi contract audit firm, Nebula, to prove its trustworthiness. According to the audit report, YashaDAO’s smart contracts are “well- designed and engineered” with “no critical or high issues” found related to business logic, security, or performance thus providing transparency to its users from the start.

What Segments Does YashaDAO Offer?

The YashaDAO project is divided into three parts: the Yasha Incubator, an incubator for crypto startups, Yasha DAO, the community of investors who also govern the platform, and the YashaPAD, a launchpad that provides safe, handpicked projects for investors.

The YashaDAO platform aims to connect investors and credible startups by offering a healthy, scam-free investment environment in the form of an incubator cum launchpad. Thus, the “IncuLaunch” serves benefits to all stakeholders in the crypto investment space.

How Does YashaDAO Help Crypto Startups And Investors?

From the crypto fundraising front, the team behind YashaDAO has created the Yasha Incubator which is dedicated to evaluating and assessing novel blockchain initiatives and ventures. New projects who wish to list themselves on the YashaDAO platform will submit an application listing all particulars and relevant documentation.

The project then reaches the YashaPAD where they are vetted by the team and community. The launchpad has strict due diligence processes in place such as live recorded video calls, 2FA with phone numbers, watch list checks, and background checks prior to listing. Once these checks are completed, the project moves on to the next phase where the YashaDAO members vote on the project assessing its viability and credibility for it to be listed.

Only if the project passes all of these checks do they get approved to be listed on the YashaPAD and given access to a pool of potential investors or grants. In this sense, YashaDAO has the potential to transform the crypto investments space by offering reliable projects only to be listed and for investors to fund noteworthy projects.

Few projects such as Guzzler, an NFT based car racing game, $CLIFF, a hyper deflationary token have already launched successfully on the platform and are performing well in secondary markets. Further Pochi Inu, a unique metaverse pet token launched on YashaDAO shortly after them.

What Lies Ahead For YashaDAO?

YashaDAO will remarkably propel the DeFi revolution if it achieves its goals. Without being tied to traditional venture capitalists, any protocol, NFT game, or token initiative, the crypto community now has a fighting chance to obtain funding in a way like never before.

With the YashaPAD and incubator segments, crypto-themed companies in the Web 3.0 space can fund their ventures without approaching veteran venture capitalists and raise funds in a community-driven way.

 

Hackathon Project Winners Declared as Season 1 of the Hackathon Closes

With the immense sensation of the TRON Grand Hackathon 2022, which came to a stop on March 14, we’re delighted to see the winners declared in all four tracks, Web3, NFT, GameFi, and DeFi, on the TRON DAO Forum.

The Forum has been an essential establishment for developers to come together, share ideas, create threads, and interact with each other about the crypto community, and activity on the Forum accounted for 40% of the overall score.

Consisted of crypto experts, KOLs, and a public community review board, each track’s final review panel scores accounted for 30%, 30%, and 40%, respectively. Community reviewers transparently voted on the TRON DAO Forum.

The crypto community has been very passionate and exhilarated to see the results of the judging period, which began on March 8 and closed on March 11.

Here are the winning entries in each of the four tracks:

In the Web3 track, the winner is dCloud by cctechmx.

Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy. By separating dCloud code like this, we’ll be able to reduce the developing effort. BitTorrent team delivers the binaries, dCloud team devs focus on implementing them to the specific OS environment and coding a single Graphical Interface for both major mobile platforms: Android and iOS.

“Wow, what a piece of application! There is nothing like supporting decentralization hand in hand with cryptocurrencies. Better yet, still supporting it in TRON and BTTC blockchain technology. I will be waiting to be able to use it in our daily lives!” Said a commentator.

In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team.

TronNinja is a NFT GameFi project on the TRON blockchain where you will be able to use your NFTs as characters in-game while earning our in-game token TronNinjas Token (TNT) in the TronNinjas Arcade. Their goal is not only to play games but bring back the social aspect that arcades had.

“Congrats to the team for their dedication in building what adds great value to the experience of their users. So excited for the great success achieved so far and looking forward to achieving more success in the future,” a commentator said.

As for the DeFi track, the winner is JustMoney Exchange by JustMoney.

They aim to build an ecosystem for the next generation of decentralized applications to power Web3 by allowing crypto users to trade and offer cryptocurrencies on several chains and facilitate the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency.

“New features that truly come in handy for newcomers. You don’t have to risk any money due to failed transactions on JustMoney Exchange. It’s the little things that matter, and the team ensures it does its best to cover any issues,” a commentator said.

For the NFT track, the winner is VersacBrickSquad by TuruGlobal.

Their goal is to make real estate investment available for all since most people don’t have sufficient funds to buy their own real estate. The Versac Brick Squad is a collection of DAOs investing in real estate assets jointly managing the assets in a platform structure provided by TuruGlobal and with that making Real Estate investment accessible for the people.

“This is something we really need in this space. Community power should not be underestimated. The DAOs are the perfect tool to make the most out of all the smart people out there. Thanks for the explanation,” another commentator said.

The Hackathon community is ecstatic to see the project winners and looking forward to Season 2. Registration begins May 16, 2022.

This NFT Marketplace Is Breaking Barriers

NFTs seems to be an unstoppable force. The latest in the blockchain world, NFTs have grown from being traded at $100 million in 2020 to $23 billion in 2021. The 230x increase has got crypto investors searching high and low for quality NFT projects to support.

Non-Fungible Tokens, or NFTs, are a way for the average consumer to authentically claim ownership rights over a digital asset. These assets can range from samples of an upcoming song by an artist, a piece of art, a tweet, or even the origins of the internet.

A Peek Into The Elite Ecosystem

Between all the emerging cryptocurrencies and NFT projects across the globe, Elite is a project that aims to stand out from the crowd. Developed through the integration of Telco, blockchain, metaverse, influencer communication and play 2 earn games, $ELITE is in a pursuit to provide a whole new experience to users. It combines the three most influential inventions of the 21st Century: smartphones, social media, and blockchain to deliver benefits to users, investors, and content creators alike.

With the support to be traded on both centralized and decentralized exchanges, the token is based on the Polygon blockchain (an ETH-based layer 2 chain) as the most reliable and efficient solution for users’ needs. $ELITE is minted with a maximum supply of 4.4 billion.

Currently, the $ELITE space includes entrepreneurs Sharon Fonseca and Gianluca Vacchi, YouTuber Anima, DJ-Model Andrea Damante and several other Series A players such as Andrea Ranocchia,  Marco Silvestri and the legend Alessandro Del Piero. More entrepreneurs and influencers are likely to be added in the upcoming months.

Elite Token NFT Marketplace: Features & Token Analysis

Users would have a chance to enter the exclusive “Elisium”, an exclusive social network. The elysium network features content generated by international influencers and is shared with fans through the platform.

The project will firstly seek to launch an NFT Marketplace where NFTs by elysium celebrities can be purchased. The platform provides users access to a unique social network shared with celebrities.

Users can also bid on NFTs created by some of the most influential personalities from all over the world. The marketplace would empower content creators to monetize their creations through interactions within the community. Moreover, this ecosystem adopts a profit-sharing model, which means that NFT holders would take a piece of the pie of profits made by the elysium content (both freemium and premium) associated with the specific NFT they hold.

These NFTs are both in the form of collectibles and experiences where people can meet and interact with notable individuals. The basis of the NFT project is the $ELITE token. $ELITE is already a part of several Play-to-Earn (P2E) initiatives and metaverses.

Can the $ELITE Token NFT Marketplace Be The Next OpenSea?

The project supposedly has the potential to be one of the most accessible and cost-efficient NFT bidding platforms to date. The use of blockchain provides a much more secure transaction and ownership of the NFT content. Further, Polygon gives the tokens the advantage of Ethereum’s vast ecosystem without sacrificing scalability. This means users can avoid high gas fees without needing to sacrifice their let go of the enormous infrastructure that Ethereum offers.

According to its roadmap, the project’s next aspiration is to build their Runiverse game that is aimed to be the first cross-metaverse platform to challenge other players on crypto’s market performances.

The venture would combine the services of a telephone company and the features of a social network with the power of blockchain and NFTs to support and boost the creator economy on-chain.

Hence, the future outlook of the projects looks extremely promising. However, investors, creators, and others are required to do their own research before pitching in their time and money.

 

Poloniex To Partner with Fantom Foundation

Poloniex, a global cryptocurrency exchange, has announced its collaboration with the Fantom Foundation to facilitate the general advancement of its ecosystem. The cryptocurrency exchange aims to support the blockchain by availing more resources to develop more decentralized projects and applications on the Fantom platform.

Also, the exchange will back the foundation through the provision of listing, technical knowledge publications, and anchoring exclusive campaigns.

According to Poloniex General Manager Shaun Scovil, Poloniex strives to contribute to building the industry. It’s committed to assisting developers and protocols in unleashing their potential. In the end, the company envisages advancing through its commitment to innovations and blockchain technology.

Strategic Overhaul of Poloniex

Founded in 2014, Poloniex has meteorically grown as a global cryptocurrency exchange. It boasts millions of customers that engage on its platform to trade cryptocurrencies and other financial or digital assets.

It provides different services such as spot and margin trading, leveraged tokens, perpetual contracts, etc. It’s currently supporting trades for more than 300 tokens and 450 market pairs.

Moreover, the platform is accessible to users from over 100 countries worldwide. In addition, its services are available in several languages such as English, Russian, Turkish, and others. Through its performance, Poloniex got funding from numerous investors in 2019, of which the Founder of TRON, His Excellency Justin Sun, was part.

While marching into its ninth year, Poloniex had repackaged its brand for better performance and interaction in the industry.

As a global platform, Poloniex is also accelerating its expansion into international markets, such as the Commonwealth of Independent State (CIS), Asia-Pacific (APAC), Middle East and North Africa (MENA), and Latin America (LATAM), to drive overall business growth.

Poloniex also launched its referral Bonanza in March with up to 100,000 USDT reward to reward users and further encourage growth. Details.

Poloniex proved its new move through its vision to launch a trading system with superior performance. Also, the system will teach an advanced API and security. Users will enjoy improved performance and unlimited liquidity through unique features and products.

So, the collaboration of Poloniex with Fantom comes as a positive sign for centralized exchange participation and support for decentralized projects and innovations.

Fantom Reaction to the Collaboration

Reaction to the collaboration with Poloniex, the CEO of Fantom, Michael Kong, expressed excitement in having Poloniex as their supporter. He mentioned that the crypto exchange backing would increase their inspiration for more innovative projects.

Kong revealed Fantom’s willingness to partner with more projects. He added that the low cost, security, and fast speed of Fantom are advantages for Ethereum developers to grab their projects.

Fantom is a highly scalable, secure, fast, smart contract protocol that has recently gained much attention. Its high performance depicts its capacity in blockchain technology. In addition, it’s reliable, processes millions of transactions per second, and offers meager costs that give it a competitive edge over several protocols.

Fantom remains a conducive and intuitive environment for developers and investors within the industry with its outstanding features.

There have indeed been several misconceptions surrounding the move of Andre Cronje; this has nothing to do with the integrity of Fantom. Andre was an Advisor within the Fantom team and has decided to leave crypto and decentralized finance space. However, the overall records for Fantom are still impressively high.

Fantom boasts a market cap of over $3 billion. Its price is $1.23 per token, showing a rise of 3.51% within 24 hours. Its total value is $100 million. Fantom is still one of the top cryptocurrencies.

 

 

 

Better Graphics And More Intense Gameplay Promise To Revolutionize Play-To-Earn Gaming

Play-to-earn games like Axie Infinity exploded in popularity during the COVID-19 pandemic, giving thousands of video games enthusiasts in low-income countries like the Philippines a chance to earn a living.

The rise of P2E was a godsend for many, because in the Philippines its gross domestic product declined 9.6% in 2020, its biggest drop in more than 70 years, according to a study by IHS Markit. With so many Filipinos finding themselves out of work, thousands flocked to P2E games. Axie Infinity’s team reported in March 2020 that more than 29,000 new players from the Philippines signed up to the game, out of 70,000 new sign-ups worldwide in the same month.

Those players were signing up because Axie Infinity, and other P2E games offer them a chance to earn a viable income simply from playing and completing achievements. What’s more, Axie’s community provided a solution to the requirement that players purchase an NFT before they can start playing, offering scholarships to new players in return for a slice of their income.

P2E’s rapid growth in low-income countries has been well documented, but the real breakthrough for the industry will only come when it manages to tap the traditional community of video game players who’re not motivated primarily by earnings. That means catering to the 66% of gamers that Statista says primarily play games to unwind and decompress.

Unlike NFT-based games, traditional video games offer a much wider genre of titles, with ultra-realistic graphics and rich storylines. Immersive sandbox games such as Grand Theft Auto give gamers a way to completely escape from reality and become totally immersed in a new world, where they can put their own mundane lives on hold to become the hero in an engaging story. The biggest P2E games don’t do this – to put it bluntly, the gameplay in Axie Infinity is about as dull as it gets, and until the industry does something about this, conventional gamers who play for fun are unlikely to want to get in on it.

Top-Tier P2E Games Are On The Way

The winning combination is to have both P2E elements, a low barrier to entry, and an exhilarating and enjoyable gameplay experience. Thankful, developers of some of the most promising up-and-coming P2E titles seem to be aware of this.

Take Battle Drones, a soon-to-be-released game on the Solana blockchain, which is a 3D isometric shooter game that bears similarities with classic titles such as Call of Duty and Fortnite. Video game purists will be eager to hear that Battle Drones’ developers have built the game using Unreal Engine, a popular and widely-used game engine developed by Epic Games. Using Unreal Engine, developers can create massive virtual worlds with incredibly rich graphics and smooth motion, meaning an altogether different level of realism than is possible with today’s P2E games.

With Battle Drones, the developers plan to launch with a player-vs-environment mode called Onslaught where players will be able to win rewards such as BATTLE tokens and drone parts. There’ll be a community leaderboard too, so players can chart their progress and fight for recognition among their peers. In future, Battle Drones will add additional game modes such as Co-op, multiplayer, tower defense and even a drone racing mode to enhance the experience for players.

Players will be able to customize their drone NFTs with various parts they can purchase from the Drones Bones Store or win by beating their opponents and completing challenges.  The team also has ambitions to launch regular player-vs-player Battle Royale contests, where numerous players will get together and battle it out.

A second promising title that’s aiming to turn the P2E dynamic on its head is Plutonians, a forthcoming MMORPG Metaverse space strategy game that will have elements of strategy RPG, shooter action, multiplayer PvE, and social alternate reality games.

Plutonians is built using a combination of Unreal Engine 5 and WebXR and will take place in an enormous metaverse that’s accessible through multiple screens including augmented reality, virtual reality, web and mobile.

It will be a space trading adventure game in the mold of the classic game Elite, where players have the freedom to become a space pirate and spend their time looting other vessels they come across. Alternatively, they can take a more diplomatic approach, trading with others at the nearest spaceport cantina. Players will need to seek items including increasingly elaborate and more powerful spaceships, weapons and technology, while traversing through the immense Plutonians universe to explore new worlds and opportunities.

What Does This Mean For Guilds?

New titles such as Battle Drones and Plutonians promise to open up the world of P2E games to a much broader audience of gamers that care first and foremost about gameplay alone. The ability to earn a living will merely become a bonus for gamers seeking an escape from the grind of their daily lives, but one that’s potent enough that it could well become the norm, with P2E aspects eventually incorporated into most new video game releases.

With that, it becomes harder to predict which P2E games will have staying power, something that could have big implications for gaming guilds such as Yield Guild Games, Crypto Gaming Guild, and Avocado Guild to name a few.

Guilds play a vital role in the P2E economy, giving players without the financial means access to the NFTs they need to start playing. Yield Guild Games and its rivals have amassed vast collections of NFTs that they rent to scholars in exchange for a slice of their income, but it’s a model with inherent risks – if a game loses popularity, those NFTs will quickly lose their value, to the detriment of the guild that’s invested in them.

As P2E shifts its focus onto gameplay and newer, more exciting games constantly enter the fray, we’ll likely see a shift in guild’s strategies. One guild, Balthazar, is already doing this. Balthazar is a decentralized autonomous organization, similar to other guilds, but its business model is very different. Rather than buy NFTs, it rents tokens from individuals before loaning them to its most promising “wizards”.

Balthazar sees itself as the “Airbnb” of P2E gaming guilds, its chief executive John Stefanidis told Stockhead in a recent interview. “We want to stay as asset-light as possible,” he said, explaining that it’s impossible to predict which P2E games will endure.

Balthazar has a second model in the works with Balthazar Buy, a soon-to-be-launched marketplace aimed at investors. Balthazar will recommend promising NFTs for investors to buy, and then when they purchase those tokens, it will rent them from investors and loan them to its wizards. It makes sense because Balthazar is well-placed to identify the highest-yield NFTs, Stefanidis told Stockhead.

The way the P2E game industry is headed, it will only be a matter of time until the space is saturated with dozens of top-tier games that are not just fun to play, but also boast massive communities, on the level of Dota, Counterstrike and GTA. Maybe even Battle Drones and Plutonians will one day enjoy the same level of recognition. Meanwhile, progressive guilds such as Balthazar will be well placed to profit from it, giving anyone who wants to join in the action an opportunity to do just that.

 

Image: Pixabay

Despite Rocky Beginnings with Hoskinson, Cardano Is Shaping Up to Have an Interesting Year

The Cardano blockchain ecosystem is one of the most exciting projects to currently follow, with new projects, advancements, and innovations being announced every single day. Yet, not everything that’s connected to this product is falling into a favorable light in the media. In fact, it has recently become apparent that those in-charge of Cardano might not be as honest as the public once thought.

Charles Hoskinson, the creator and CEO of Cardano, has repeatedly tweeted about how he was enrolled in a Ph.D. program in Number Theory, but never finished it. However, crypto-journalist Laura Shin has recently brought to light, through interviews with Hoskinson’s undergraduate school and supposed Ph.D. program, that this isn’t actually the case.

Hoskinson has never been involved in this Ph.D. program, with the university having no record of him. Equally disquieting is that it appears that Hoskinson never actually finished his undergraduate degree, further calling into question why he would lie about pursuing a Ph.D. program without actually progressing through a basic level of college.

While Hoskinson has taken to Twitter to defend himself, after Laura Shin produced print screens of Hoskinson’s tweets where he explicitly stated that he attended a Ph.D. program, he has gone radio silent on this issue. It appears that the Cardano CEO is quickly trying to change the tides of conversation and have people forget about his public discrepancies.

This once again calls into question the efficiency of having public personalities at the forefront of a brand. While Hoskinson is currently under fire, the project he represents, Cardano, is actually entering a particular period of growth. In this article, we’ll be moving past the news around Hoskinson and looking directly at the Cardano project itself.

Despite the recent debate around the founder’s credentials – or lack thereof – Cardano is still shaping up to have a particularly interesting year. Here are a few things to look out for over the coming months.

Cardano as a Primary Layer One Ecosystem

Layer one ecosystems is a reference to base networks and their underlying infrastructures within the blockchain. While the largest layer one ecosystems are chains like Bitcoin and Ethereum, chains like Solana and Cardano have now taken shape as key players within the market.

Throughout late 2021 and early 2022, Cardano (created by the co-founder of Ethereum) has begun to take shape. From transitioning exciting projects that were on Ethereum over to Cardano and building in scalability, Cardano seeks to do what Ethereum does, but more effectively.

Speaking directly to this second point, Cardano actually has scalability solutions built into its layer one framework. While the Ethereum network can achieve scalability through layer two scaling solutions, Cardano has these solutions readily made in their own infrastructure.

This scalability within Cardano is known as Hydra, a system that will allow this blockchain to continually process high-throughput transactions on-chain. Considering that one of the core problems that Ethereum faces is its high transaction fees due to low transactions per second, this ability effectively positions Cardano to grow faster and more effectively than Ethereum has.

As Cardano continues to grow, this effective scalability solution to layer one blockchain ensures that it has everything it needs to break through walls that previous projects have encountered and thoroughly cement itself as a leading blockchain system.

Impressive Projects Going Live

Another factor that makes this such an exciting year for Cardano is that now the blockchain has everything it needs in place, a range of dApps, marketplaces, DEXs, and projects are being launched. Currently, there are over 500 projects on the Cardano network, touching upon everything from NFT databases to decentralized exchanges and showcasing the diversity of what can be created within this system.

These new applications are the driving force of any blockchain, with the integrated dApps providing further utility for the blockchain itself. These exciting launches even span into decentralized stable-asset liquidity pools, allowing users to get more out of their own cryptocurrency.

Ardana, an on-chain, asset-backed stable coin protocol, is native to Cardano, facilitating the borrowing, lending, and staking of cryptocurrency within this blockchain. These exciting projects are also gaining media attention, with great ideas like these bringing further attention to the Cardano ecosystem. Ardana recently received $10 million in investments, demonstrating the extent to which people are moving to put capital into Cardano-linked systems.

These projects go beyond just financial functions, with Empowa being one of the most looked at projects on Cardano. This project uses DeFi to make an active difference in the world, having the potential to provide housing for 50 million people in Africa.

This project has boosted the visibility and scope of Cardano, with Empowa using cryptocurrency to develop within the third world. With sites like Yahoo Finance, CoinBureau, and Forbes all commenting on this Cardano-based project, it’s no wonder that more people are hearing about this ecosystem and starting to invest.

With projects like these meeting social, economic, and financial areas of expansion for Cardano, it’s no wonder that people are flocking to this layer one ecosystem in droves.

Security and User-Driven Web 3.0 Initiatives

Another core aspect that Cardano has prioritized over recent months that will make an impact down the line is its embrace of security measures and features. While one of their main rivals, Solana, has recently experienced a range of hacks, Cardano’s focus on safety has kept them protected at all times.

Security projects have been founded that are now taking shape within the Cardano ecosystem. For example, the user-data project Profila allows individuals to control their data, selling it directly to brands instead of their personal data being taken from them and sold. This project has garnered so much attention that even the Swiss government is now a sponsor of the project.

Profila is a promising project, using Cardano to create a Zero Knowledge Token (ZKT) that users can earn from sharing their data. As users can actively respond to questions and share that data with marketing managers, the brands that partner with this platform gets a richer pool of information. This innovative system completely secures user data, putting the power back into the hands of the individual.

Considering Web 3.0 is all over the media right now, a movement that prioritizes user-power and taking back agency from the middlemen services of Web 2.0, it’s no wonder that a project of Profila’s scope has gained so much attention.

Cardano Lends Itself To Staking In A Time Where Interest Is High

America is far from being a stable place financially right now. From gas prices that are nearing all-time highs to an interest rate that is reaching nearly 8% in early 2022, Americans are losing more money than ever.

With this economic context considered, people are rushing to find fast solutions to turn the tides against inflation. Due to this, cryptocurrency staking has become more popular than ever. Crypto staking is where users put their money into a liquidity pool of a Proof of Stake protocol and receive interest on their crypto, with rates depending on the amount of time they leave it for.

Cardano, being a Proof of Stake protocol, is perfectly structured to accept people who want to stake their cryptocurrency. ADA is a perfect cryptocurrency to do this with, offering high-interest rates for short periods of time. For example, users offer a certain amount of cryptocurrency and can then expect to get rewards around 5% APY on a 15 day period.

Considering that Cardano has a great security system in place, the crypto deposited into these staking pools is completely safe, making this a great choice for people looking to overcome the high American inflation rates.

Final Thoughts

From heavy emphasis placed on security to a range of exciting projects being announced all the time, Cardano has a very productive year ahead of it. As inflation rates rise, Cardano is becoming a favorite of those looking for staking solutions, further demonstrating why Ardana has received such interest in recent months.

While the founder of Cardano certainly isn’t having the best start to the year, the layer one blockchain itself is shaping up to have a record 2022. As we continually progress into this year, we should be looking out for how this ecosystem continues to develop.

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Nesting Dolls NFT Project Releases Droves of Unique Art Assets

The Nesting Dolls NFT project has announced the launch of its unique collection of digital art objects in International nesting dolls style created in collaboration with numerous artists from around the world. The aim of the project is to attract attention to environmental problems through the adoption of digital technologies.

The Nesting Dolls project has released its collection of digital NFT Nesting Dolls, each depicting a mother carrying on her family’s legacy through a child in her womb. The Nesting Dolls are made of wood and represent one of the most important symbols of International culture. The Nesting Dolls project believes that the gradual depletion of the Earth’s natural resources, such as wood, is a considerable environmental problem that can be solved using modern digital technologies.

The Nesting Dolls project is aiming to highlight the ecological problems facing humankind by allowing its users to adopt one of 8,888 one-of-a-kind generative art MadNestingDolls. The collection of NFT Nesting Dolls is a transition of physical values ​​into the virtual world to preserve the natural resources from which The Nesting Dolls are originally made. The project development team aims to usher users to make the transition into the decentralized metaverse space and transfer their production and values ​​into the virtual world to save the planet, while opting for recycled materials in the real world.

The MadNestingDolls collection was created by artists from all over the world, including Asia, India, the United States, and Ukraine. A combined team of 11 artists, each with their distinct style and vision, has contributed to the creation of over 500 attributes for the project. The artists involved have previously worked on such projects as Hooligan, Punk, Witch, Radiant, and others.

As part of its endeavor, Nesting Dolls will be launching its own mini-production of merchandise, including t-shirts, caps, and other products made from materials that pollute the environment, thus further supporting the ecological ideals underpinning the project.

To ensure user engagement and bootstrapping, the Nesting Dolls project will be releasing the NFT collection as a value-carrier that not only rewards holders with passive income opportunities but also contributes to the overall well-being of the planet. The project will be donating 30% of mint revenues to Forest Conservation Funds, and provide long-term utility to owners of its collection.

The ultimate goal of the Nesting Dolls project is to attract attention to the ecological and environment issues facing the planet. The development team believes that the popularization of the MadNestingDolls collection and its transformation into a well-known brand in the industry will contribute to the goal and ensure that early adopters will be rewarded with privileges in the future. The project has also laid out a comprehensive long-term roadmap to ensure traction and development.

 

How is Blockchain Giving True Asset Ownership to its Players?

Video gamers have always loved user-generated content (UGC) and its art of self-expression. Although UGC has been around in video games for decades, it hasn’t always been as welcomed as it is in today’s market. Some of the early forms of UGC were ‘Mods,’ which were in-game changes of an existing video game created by players and typically disseminated through more under-the-radar channels like third-party forums.

Currently, UGC-based games and platforms have evolved into being the world’s most popular digital products, ranging from games like Fortnite and Minecraft (both of which have implemented UGC-based techniques) to platforms like Minecraft which is one of the largest industry leaders with a UGC-centric business model with over 200 million copies sold to date.

All of this phenomenal growth demonstrates that people want to purchase, trade, and exchange game items aggressively, as seen by Fortnite and Call of Duty’s billion-dollar sales. However, developers have not been able to serve their needs efficiently as a result of the centralized approach by companies. And, new technologies like blockchain are helping to decentralize and fairly monetize the gaming industry by benefiting both developers and gamers.

Redefining the Way Game Economies Operate

Traditional games essentially license digital assets to players and its free-to-play game economies are unidirectional where players buy virtual goods that can only be used within the game, according to the developer’s rules, which in all but a few cases places restrictions on how they can be held, used, and transferred. Even digital asset buying, transferring rules, ownership, trading and usage is only as flexible as the developer allows them to be. Moreover, games that have marketplace trading allow digital assets to be traded only through platform credits, limiting the potential.

However, a blockchain game economy enables true ownership of digital goods since it is an asset whose relationship to its owner is inscribed onto the blockchain. Property rights are conferred when gamers and developers have genuine ownership of assets. The unique characteristics of blockchain technology can aid in the grant and enforcement of property rights, as well as the creation of a trustless system.

In fact, many play to earn & play and earn economies are already providing true ownership of in-game assets. Cradles is one such game providing true ownership of assets along with IP rights for the creators within the ecosystem. As a result, developers and players are getting true ownership of the digital assets, where they have the complete flexibility to monetize their assets outside the gaming ecosystem.

Solving the Core Design Problem of Gaming

The presence of “whales” in traditional gaming has been a long-standing aspect of the industry. A lot of times, these “whales” end up contributing towards purchases of all digital assets. According to new Swrve research, 0.15% of mobile gamers contribute 50% of mobile gaming income. This has forced developers to keep creating new content, as a result of which, “free-to-play” has become “play to win”. And, people or players who can manage to spend money on in-game assets are doing so while others don’t, which is causing the design problem.

However, blockchain gaming projects are solving this challenge with their play-to-earn approach. Even games like Planet Mojo are largely contributing to solving the design issues in the traditional gaming landscape. Planet Mojo is enabling digital property rights through its NFTs which can be used in-game, instead of purchasing player upgrades for PVP. Players can also earn and resell these NFTs, allowing them to make more revenue. Moreover, it is enabling a DAO system that allows developers to identify what players and members want, allowing them to align the development of the project with the community needs.

A Win-Win for Both Developers and Players

This new paradigm of blockchain-based gaming is setting things right in an industry that has mostly always favored developers and gaming companies. With blockchain gaming, the ecosystem becomes more equitable for all people, from developers of the game to the game players.

Moreover, with blockchain enabling true ownership of in-game items, developers can empower players and incentivize sustainable game economy growth without losing control over game operations. And, doing so requires them to understand the different ways in which digital assets can be created and the ways they can shape gameplay and game economies and interact with one another.

 

Heroes of Mavia Taps Tribe Gaming To Make Competitive Play-to-earn Gaming Viable in eSports

Heroes of Mavia, the Binance-backed play-to-earn MMO strategy game, explore new opportunities in the eSports vertical. A new partnership with Tribe Gaming will position Mavia as the leading eSports-oriented title in the P2E blockchain gaming segment.

Mobile gaming and eSports make for a potent mix. Numerous AAA games have mobile spin-offs that are part of global competitions with fierce competition. Heroes of Mavia wants to establish its position in that space as a blockchain-based play-to-earn game. Mavia offers an MMO strategy game where players battle one another for control over bases and resources.

The project has the backing of Binance Labs, Crypto.com Capital, and Genblock Capital. Investors agree eSports and play-to-earn gaming can form a powerful combination capable of gaining global traction. Skrice Studios, the team developing Heroes of Mavia, has partnered the game, its partners, and the players around the eSports and competitive gaming vertical.

Skrice Studios Executive Producer Yvan Feusi adds:

“Our team could not be happier to have Tribe as an official partner of Mavia. As we continue to push our game further into the space of competitive gaming and esports, it is essential that we work closely with seasoned veterans of this space. Not only does Tribe have the biggest content creators in the mobile gaming space, but they also have the experience and aptitude to help Mavia develop its potential to become a blockbuster blockchain gaming title.”

The partnership with Tribe Gaming marks a crucial milestone for Heroes of Mavia. Tribe is one of the largest eSports organizations with millions of followers on YouTube and other platforms. Additionally, the group features the top mobile gaming creators and leading mobile gaming competitive teams globally. Venturing into blockchain gaming is the next step for Tribe, enabling them to acquire dozens of Legendary land plots in Mavia, each of which featuring unique Tribe branding.

Tribe Gaming Founder and CEO Patrick Carney comments:

“At Tribe, we’ve been carefully examining the right P2E project to integrate Tribe IP inside of, and collaborating with Mavia is an exciting opportunity. We’re bullish on the future of the project, and we’re looking forward to seeing the continued development of Mavia as the game gets closer to launch.”

Legendary land plots have the best locations on the Mavia fantasy island and make it easier to remove obstacles. Tribe can establish various bases on the plots to battle other players, rent out plots to players for a fee, or even form strategic partnerships. Either of these options will highlight the potential of Heroes of Mavia in the competitive play-to-earn space.

Built on Ethereum, Heroes of Mavia is set in a fantasy-theme island called “Mavia,” where the player is a commander of a base. Each player’s objective is to grow their base and army using resources obtained from attacking others’ bases. It promises to change the NFT gaming landscape with its intricate mechanics, exciting gameplay, and unique monetization features.

About Mavia

Heroes of Mavia is a play-to-earn MMO Strategy game developed by Skrice Studios. The game takes place in a fantasy-themed island called Mavia, where players build bases on plots of land and battle neighboring bases and armies to earn in-game resources, such as Mavia’s P2E cryptocurrency RUBY. Players must strategically place defensive buildings on their base such as walls, turrets and traps, in order to defend against opportunistic attackers looking to steal resources. Resources can also be stolen from rival bases by attacking opponents with land troops, vehicles and air units. RUBY is earned through battling enemy armies, and can be used to upgrade Land, Statue and Hero NFTs.

About Tribe Gaming

Tribe Gaming was founded in 2017 by mobile gaming superstar Patrick “Chief Pat” Carney to drive the growth of mobile media, entertainment and esports. Exclusively representing some of the biggest names in mobile content and most talented players in esports, Tribe’s powerhouse of creators has garnered over 29 million fans and 100+ million monthly views on YouTube alone, and Tribe’s esports teams compete in five major mobile titles. Tribe Gaming is based in Austin, Texas with employees located around the world.

 

 

 

Metabloqs Announces Launch of the Metaverse Project built on XDC Network.

Metabloqs has announced the debut of its Metaverse project.

Metabloqs Announces the Launch of Its Metaverse Project built on @XinFin_Official https://t.co/7q5vsEzM6f#Metabloqs #MetaCity #Metaverse

— Metabloqs (@metabloqs) March 4, 2022

The evolution of the digital environment into metaverses has been a headline topic for the past several months, so much so that popular social media platform, Facebook, changed its name to Meta in solidarity with change. A metaverse is a digital reality that combines social media, augmented reality (AR) and virtual reality (VR) technologies, and crypto technology. With VR platforms actively becoming accessible to the general populace, metaverse developments continue in their popularity. The transition to the metaverse is however slow-paced with developers striving to create more proper applications.

Metabloqs is among the most realistic metaverse, developed for users to enjoy their digital lives in such a way that is more engaging and satisfactory. The project offers several benefits and use cases that are sure to impress the user.

Metabloqs is primarily a digital world that has been inspired by the real world to provide users with an avenue for meetings, conferences, and concerts. In the Metabloqs, users can network, consult and be advised, trade and conduct business dealings with other real people, workout activities such as running, bicycle, soccer and purchase digital assets and virtual land.

Metabloqs brings forth a unique metaverse where users can network, learn and create. The project uses a blockchain technology that aligns with the diverse needs of users such that everyone is captured, whether they want to choose a skillset, network, or enjoy their time. Metabloqs has created a unique ecosystem and introduced a space where users have the ability to create, own, and monetize their experiences. This is by means of Metabloqs native utility token deployed on XDC Network.

Metabloqs citizens can buy land as well as other unique goods such as NFT Avatars or Pets and develop their dream projects within that space. All digital assets are stored and exchanged under the XinFin smart contract. An enterprise-ready hybrid blockchain, XinFin (XDC Network) combines the advantages of public and private blockchains with interoperable Smart Contracts to facilitate global commerce and financial transactions.

Stakeholders

Metabloqs has recognized the following groups of people as its main stakeholders:

  • Land Creators
  • Digital Asset and Avatar Creators
  • Collectors
  • Activity Creator

Their interaction is as follows:

Product feature

The project initiates the next evolutionary milestone one after the 3D eTrain course and event platform, which is used by many companies and universities when holding events. Now developing to become a trusted metaverse with expansive applications and featuring an actual economy, Metabloqs is characterized by the principle that it is a model of the real world with meta-cities like Paris and the project’s video reveals how users would enjoy a perfect experience interacting within the metaverse.

As Metabloqs mimics the actual world, users have a variety of capabilities, including virtual land ownership, the ability to build businesses within the metaverse and rent out their properties. It will also support teaching classes and the attendance of courses. Most importantly, Metabloqs has integrated “Learn to Earn Token Economics”.

Even with these use cases, not everything about Metabloqs is work-related. The virtual world will also feature fun-filled activities such as parties, concerts, cinemas, and workout activities like soccer and cycling. In fact, among the most important parts of the metaverse is meeting new people for the sole objective of creating shared experiences within the Metabloqs community.

Blockchain Technology

Metabloqs platform is developed on top of the sustainable XDC blockchain. This blockchain is a proof-of-stake (PoS) network known for its expansive benefits including:

  1. Ability to handle many transactions per second (Higher transaction throughput)
  2. Very low transaction fees (Averagely $0.00001)
  3. Low energy consumption (Enabled by its PoS consensus algorithm)

The digital assets owned by the Metabloqs citizens are stored within a XinFin smart contract and are transferable.

Target users

Metabloqs seeks to be the trusted metaverse for network, learn, fun activities, trading, and earning as facilitated by its trust economy – Turn Trust into Tokens. As the only metaverse that combines such functionality, Metabloqs stands an unmatched avenue for differential users. This includes:

Becoming a Metabloqs citizen: Incentives for the initial user base

Metabloqs is offering XDC tokens freely as an incentive for the first 5,000 citizens who move to the platform. XDC token is the native token for the XinFin blockchain and stands among the leading 100 coins on CoinMarketCap ranks.

The project is also giving away NFT Metabloqs rewards, which are in the form of unique and rare land, buildings, and premium cars.

 

Next Earth Soon to Launch Staking and Other Updates

Next Earth, the NFT-based metaverse replica of Earth with over $10 million in sales of virtual real estate, has announced that it is now in staking development, following the discovery phase of staking.

The staking project is expected to launch in June 2022. This means that users holding any virtual real estate on Next Earth will be able to generate one UNIT per tile of land per month. Users will be able to generate staking wallets by spending UNITs, enabling them to get an APR on their NXTT holdings.

As described in Next Earth’s updated white paper, in the future there will be the opportunity to get multipliers for unit generation from activities such as buying new packs of virtual land or skins.

There will be 5 levels of staking wallets available (larger wallets costing more units), allowing users to achieve a higher monthly APR if they wish.

The monthly APR is variable based on the size of the decentralized reward pool. Next Earth has already committed $1 million worth of NXTT into that decentralized reward pool to kick off staking.

There will be a finite amount of staking wallets available each month, which will be issued on a first-come, first-serve basis. The number of staking wallets will be determined by the size of the reward pool. The maximum NXTT amount that can be staked will be determined by the number of tiles the user has.

A detailed article about how the numbers work will be published within a week, and a staking calculator will be made available in the next few weeks.

In Other News

Beyond these short-term updates, Next Earth is working on a massive vision for the future of the metaverse. Their detailed roadmap includes offering access to their platform as a service, where third party developers can build applications on top of the Next Earth Metaverse.

The team is doubling down on this vision – they announced that their virtual lands – over 5 trillion tiles – are about to get an upgrade with new attributes (climate, biomes, elevation, etc) and through the introduction of resources and minerals, developers will truly be able to connect their businesses to land tiles on Next Earth.

As a company, Next Earth is committed to becoming carbon neutral. These are just some of the highlights from Next Earth’s roadmap. With so much in store, it’s no wonder that the metaverse is becoming more popular each day.

Watch the full announcement here: https://youtu.be/9sEmHTQ_dho

 

 

How to Earn Rewards in the Metaverse and Play-To-Earn Games Through Guzzler

The cryptocurrency space has grown immensely throughout 2021. At the beginning of the year, NFTs were just a mere notion. However, as the year progressed, they picked up the pace. The OpenSea marketplace for NFTs saw vast volumes of over $3 billion as NFTs such as CryptoPunks and the Bored Ape Yacht Club sold for millions of dollars apiece. The Metaverse has also taken shape recently, as many giant corporations begin to be interested in this virtual world. There is a need for open-source NFTs that can be used in any Metaverse regardless of the chain. Guzzler is a project that has identified this niche and has rushed to fill this gap. This article will discuss the solutions that Guzzler is bringing to the metaverse and NFT spaces.

What Is Guzzler.IO?

Guzzler is a project that aims to build operable and customizable non-fungible tokens that will be able to operate across different open worlds or metaverses. This will save time, and it will save energy for these rapidly growing worlds. For instance, if you are an explorer of the metaverses and in need of transportation to tour the metaverses, Guzzler can help you have a custom NFT car to take you through the metaverses without needing to exchange or to buy new cars for every metaverse you join.

Guzzler.IO Roadmap

Guzzler project began in November of 2021 with a presale and a launch. The project has been listed on Coinmarketcap and CoinGecko. The project made a huge marketing push on the Twitch platform, which is mainly used by gamers. Phase one and phase two of the Guzzler project have been completed. By December 2021, the project had over 2000 token holders, and they introduced new racecourses and updates into the game. As of December 2021, Guzzler had over 50,000 players. Currently, the project is in phase three, where the developers aim to create an open world or a metaverse, a race track, and delve into Metaverse real estate. The development team also aims to create an in-game NFT marketplace for their cars and auto upgrades. One of the significant sell points of the Guzzler project is the cross-world integration where gamers and owners of car NFTs can use them in more than one metaverse. This will be a game-changer in the metaverse since Guzzler will be the engine for the car that the user will use across all the supported metaverses.

Guzzler.IO Tokenomics

The Guzzler project has a native token- the GZLR token. These tokens can be staked and allow users or holders to gain access to some of the performance auto parts. The native token of the Guzzler ecosystem is an ERC-20 token.

The tokenomics of the GZLR token are simple yet effective. Every transaction involving the GZLR token will be charged a 7% tax. 3% will go to marketing while 3% will go to liquidity pools. The other 1% will be added to reflections for the holders and hence with the GZLR token, holding is benefiting. Users will be able to stake GZLR tokens and earn rewards. These rewards will provide the holders with access to premium NFTs that the general public will not be able to access. These exclusive NFTs will be available to users who compete in the Guzzler games in single-player mode. Alternatively, users who have completed all levels while in single-player mode can sell their NFT car parts and upgrades on the Guzzler NFT marketplace to other players.

Team Behind Guzzler.IO

The team behind Guzzler is more than qualified for the job. Joey Poareo is the founder and the CEO of the project, and he has been working overtime on his philanthropic efforts to help orphans in homeless children.

Fury, who is the chief development officer, is a genius game developer and has extensive expertise in mobile game development and multi-player implementation. He also has experience with smart contracts and blockchain technology and will be a great help to the project. GZLR Token has a maximum supply of 100 billion tokens. The liquidity is locked, and there is a 7% tax.

The Guzzler community can be found on most social media platforms on the internet, including Twitter, Instagram, Telegram, and even Medium. On November 17, 2021, the Guzzler platform was approved to use the KYC identity verification process. This means that your credentials and personal details are safe with the Guzzler team. If you would like to buy some tokens to participate in this exciting ecosystem, you can get the tokens on Uniswap and LBank. The bottom line of the Guzzler ecosystem is to play games, stake tokens, and earn profits. The more you stake, the more parts and upgrades you have. You can sell these performance packs for a lucrative profit on the Guzzler in-game NFT marketplace.

Conclusion

Guzzler is a one-in-a-lifetime opportunity to make handsome profits and to enjoy yourself while in the process. Apart from this, the prospect of using one of NFT across multiple metaverses is exciting. As web 3.0 is developing, projects such as Guzzler need to begin making progress as we prepare for the new generation of internet and immersive social interaction through the Metaverse.

 

Image: Pixabay

Combining Cryptocurrency Investments with Trading

Cryptocurrencies are volatile and high speculative assets, and you must be careful when exploring them. You should consider the potential impact of volatility and identify the best entry points. For investors willing to put up their money in these assets, ensure you first have a detailed understanding of the cryptocurrency market for maximum potential. In addition, find a reliable cryptocurrency broker that will ease your experience and support you with the right tools. For instance, UK traders will find top brokers recommended by expert researchers at Tradingguide.co.uk regardless of what they want to start trading.

Besides investing in cryptocurrencies, you can trade the asset without taking full ownership. Investors can decide to buy stocks of companies with stakes in cryptocurrency technology. However, note that buying stocks in companies investing in the asset can still carry the same risks as purchasing cryptocurrencies. In this regard, consider diversifying your money in ETFs or index funds, whereby multiple stocks are combined in one investment. Alternatively, trade cryptocurrency CFDs, which involve speculating on the asset’s price movement without fully owning the underlying asset.

Nowadays, cryptocurrency investors are also trading asset for more profitability. It is one method of diversifying your investment portfolio that seems to work very well. First, however, you must identify the best cryptocurrency you want to trade, whether Bitcoin, Litecoin, Ripple, Ethereum, etc. Also, remember that cryptocurrency investment and trading carry risks of losing money, and you must conduct extensive market analysis before taking a plunge.

For instance, should your research on the cryptocurrency market make you believe that the asset has growth potential in the future, holding it long-term might be beneficial. But, if you aren’t sure about the future of cryptocurrencies, timing the markets and taking short-term CFD positions is the way to go. However, not all countries allow cryptocurrency CFD trading, so ensure you confirm availability in your region.

As mentioned earlier, only the best broker will maximize your potential in succeeding at cryptocurrency trading and investing. Being the best means that a broker should meet all your needs regarding costs, reliability, and more. Most importantly, the broker must be regulated within your region for maximum experience. Some of the financial regulators to look out for include the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) in the US, etc.

Lastly, cryptocurrency trading and investing allow you to explore different trading methods. For example, you can swing or day trade for short-term positions and make profits or losses based on your strategy. Long-term investments come as value and growth investing. As a result, you become more skillful, and it will be easier for you to trade or invest any asset without the need for guidance.

Conclusion

While it is easy to say that combining cryptocurrency investments and trading can pay off, conducting thorough research and markets analysis is the key to success. Create the best strategy for the trading method you plan to undertake at that moment. Remember that this asset is volatile, and its price is mainly driven by supply and demand. Therefore, when evaluating a cryptocurrency, ask yourself what will drive the demand and supply of the asset and create the best strategy for maximum profitability.

All in all, cryptocurrencies continue to become popular in most countries, and if you are a newbie, this is the best time to trade and invest in the assets. However, with risks involved in the activities, begin your venture with small amounts of money. Have a trading and investment journal to quickly identify the mistakes you make and learn from them. If you remain consistent, you will become a force to reckon with in no time.

Image: Pixabay