Category: Company News

In a huge leap forward for sports and entertainment, the IQONIQ FanEcosystem announced the listing of its IQQ Token on the well-renowned cryptocurrency exchange Bittrex Global, this week.

The token was listed, with IQQ/USDT and IQQ/BTC trading pairs becoming available from 4pm CET on Thursday 18^th March.

As a pure utility, the new IQQ Token will be an important part of the wider IQONIQ family, which sets this new token apart. It will among other things, allow its holders to accelerate their benefits and incentives within the IQONIQ app, a revolutionary new fan engagement platform that is set to launch later in 2021.

How the two IQONIQ business will supercharge the market

Established as separate business entities to ensure the best possible solution is provided to both IQQ holders and app users and partners, the app already boasts an impressive list of over 100 global sports property partners across F1, Formula E, football, rugby, cricket, and many more, with a further 200 partner discussion ongoing. The IQQ token will allow holders to access exclusive content, merchandise, ticket shops, memorabilia, prizes, AR, and OTT platforms, to name a few, through either granting exclusive access to certain in-app elements, or by supercharging the in-app Loyalty Points rewarded to fans for their loyalty and engagement.

Speaking about the listing, IQONIQ CEO Kazim Atilla said the following:

“We’re delighted to have reached this milestone for not just IQONIQ, but for the industry as a whole. The IQQ Token will revolutionize the ways people are rewarded for their loyalty when used within the IQONIQ App which is set to launch this year. We already have a huge list of incredible partnerships with some of the biggest names in sports and entertainment today, and listing on Bittrex Global provides us with the perfect platform to make IQQ Tokens available for everyone.”

🚨 #NewListingAlert 🚨
The Iqoniq (IQQ) wallet is enabled.
The USDT-IQQ and BTC-IQQ market pairs will be open for trading on https://t.co/WGrJdX2wvm

Learn more about IQQ https://t.co/N3FFKRf64K#IQQ #Iqoniq #BGListings #Cryptocurrency #Blockchain @iqoniq pic.twitter.com/MtZ2FddWA6

— Bittrex Global (@BittrexGlobal) March 17, 2021

What’s more, digital collectibles have been a central element to Atilla’s original vision for IQONIQ’s token and app businesses since 2017.

Recognized largely today as NFTs, these collectibles will not only be available to earn and trade through the app, but can also be minted, opening up a world of potential opportunities, and showing yet another way in which the IQONIQ app and the IQQ Token have very bright futures ahead.

All this is of course made possible by utilizing blockchain, which apart from offering transparency also ensures reliability of the network by reducing dependency on a single server. The blockchain which will be used by IQONIQ, will have the capability of executing thousands of transactions per second, meaning it will be well-positioned to handle the increased demand of future sports and entertainment markets.

How IQONIQ aims to change sports and entertainment

Burdened by a multitude of social platforms, ticket portals, online stores, and content offerings that often fail to reward fan loyalty, the IQONIQ app addresses the issues faced by many organizations and will deliver value back to the whole sports and entertainment ecosystem; from rights holders, idols, and brands to the fans themselves. When IQQ holders use their tokens to accelerate their benefits in-app, the world of possibilities is truly endless.

By bringing all the modern-day features of fandom under one roof, combined with the vast array of partners it already has, the IQONIQ app will be a global leading, all-encompassing, and truly engaging fan experience platform.

The listing of IQQ on Bittrex Global, with more exchanges planned to launch later this month, will help IQONIQ expand its community by becoming more accessible to investors and fans from across the world. Those interested in becoming part of the community and enjoying an immersive fan experience can visit Bittrex Global now to trade IQQ.

 

The IQQ Tokens are issued and marketed by IQONIQ FanEcosystem OU, an independent entity from IQONIQ Group SARL, which is the owner of the forthcoming revolutionary fan engagement app.

 

 

If you are familiar with blockchain technology, you must acknowledge how DeFi is revolutionizing finance. Decentralized Finance or DeFi, is a spectrum of financial instruments and protocols that assists individuals to manage their money. It is a unique, secure, and simple system that decreases the reliance on customary financial institutions, such as banks, platforms, and fiat currencies.

This brand-new money management system empowers its users by providing a cutting-edge alternative against the slow and traditional banking system. Also, it fills up the loopholes that remain hidden in the current customary financial infrastructure. The process is entirely based on the transparent protocols of smart contracts which can be utilized in various tasks, such as asset purchase, renting, investing, etc. The simpler user interfaces and less time wasted are the biggest pro-factors for DeFi to breathe life into money management.

Finding a reliable DeFi Solution

There are various companies offering services to developers who are interested in creating DeFi apps. One such organization is PolkaFoundry that provides a complex and versatile platform that can be utilized by freelance and professional developers. By design, the platform is a single-stop solution for all dApp application developing needs.

Inherited from decentralized blockchain, DeFi applications are not governed by any central entity. This makes the interaction between two or more parties more transparent and higher operational security is guaranteed by the underlying smart contracts. This is one of the reasons why DeFi is favored as a great alternative and a competitor to traditional finance offerings.

The future is huge for DeFi applications. Introduced in 2019, the applications themselves have many use cases for the masses, as well as their development frameworks, provide greater flexibility for the ever-increasing number of blockchain developers. A few benefits that ensure a progressive market for these applications in the future are:

• DeFi is automated and reliable.
• Accessible to nearly anyone with an internet connection
• No geographical restrictions
• No KYC required
• No centralized entity
• Can create massive ROI for investors

PolkaFoundry explained

The PolkaFoundry is a production platform for DeFi and other blockchain applications. Its advanced algorithms and interoperability provide insane benefits to its users. This dApp factory works seamlessly with the blend of Web 3.0 ecosystem and DeFi workspace.

The following outlines few key attractive features of why PolkaFoundry platform is a powerful platform to build DeFi apps,

• Users can directly benefit from the true scalability of Substrate and Polkadot.
• It consists of built-in special DeFi-services that ensure that the created application manages to access data, identify identities, and store data.
• The unique UX-feature, when enabled, showcases the dapps to a greater number of audiences.
• The platform is also EVM-compatible; users can directly switch from ETH.

Popular Use Cases of the Platform

The dApp factory can be utilized to develop applications for a variety of business use cases. The list below outlines a few specific use cases the PolkaFoundry platform is best known for;

• Decentralized Loaning Platforms: PolkaFoundry links the apps to trustworthy vetting sources to automate loan decisions.
• Marketplaces or Auction Center: PolkaFoundry is UX- enabled. This assists the DeFi tool to tempt a bigger population interested in the dApps, such as collectors and artists.
• Cross-chain DEX: Via authorized bridges, DEX can be interchanged with cryptocurrencies, such as BTC, ETH, NEO, etc., and tokens on parachains.
• DeFi Solutions: As mentioned previously, PolkaFoundry provides users incredible interoperability and exceptional scalability. Thus, the EVM support can directly be employed to involve ETHEREUM derivatives applications into the Polkadot network.
• Decentralized Insurance: The dApps created by a user can incorporate PolkaID for identification, verification, and even automated insurance payment in case of an actual-life event.
• Prediction Markets: PolkaFoundry’s dApps can calculate data instantaneously and the randomness in the output is trustworthy for determining any measurable prediction.

Final Thoughts

In the past three years, the value of crypto assets under DeFi protocols has increased 4,500%, with the total value locked in DeFi exceeding $40B. These exponential growths suggest a promising future for these tools and dApps. Currently, multiple crypto-based businesses are launching their DeFi applications and other dApps to boost their market value and overall turnover.

The future looks great for PolkaFoundry as it gears up to deliver a working DAO before the end of 2021. Although various DeFi tools and dApps genuinely provide financial freedom to its users, one should always be aware of scams and dysfunctional applications. Therefore it positions PolkaFoundry in a pretty good place to deliver value in a rapidly developing marketplace.

 

OKExChain, the world’s first trading chain created by renowned crypto derivatives exchange and trading platform OKEx has partnered with Cosmostation to provide a secure staking environment to its community. The latest partnership is among many OKExChain has entered as the ecosystem continues to register rapid growth.

The expansion of OKExChain is supported by many partners including wallet providers, smart contract auditors, DeFi dApp developers and blockchain security specialists. Cosmostation is a popular enterprise-level validator provider and end-use application developer specializing in DeFi solutions. It can be seamlessly integrated with various proof-of-stake networks on Tendermint Engine and Cosmos SDK.

Announcing the partnership with Cosmostation, CEO of OKEx Jay Hao said, “We’re extremely impressed with the work the OKExChain team has done so far in building out its ecosystem to make it as robust and user-friendly as possible. We’ve seen several major partnerships already this quarter and are thrilled to welcome Cosmostation as a trusted node operator on OKExChain. With its dedicated focus on trading, OKExChain is cementing its role as a serious contender in the DeFi economy.”

In the OKExChain ecosystem, Cosmostation will be acting as a validator node to support the staking process. The integration comes as a welcome addition, enabling users to earn rewards by staking the native OKT token. In addition to being a node validator, Cosmostation will also provide various secure, user-friendly tools like non-custodial web and mobile wallets and the widely used Mintscan Block Explorer for Cosmos-SDK-based networks.

To provide a flawless experience for users looking to launch dApps and digital assets on OKExChain, the platform has onboarded Chains Guard, Beosin, Certik, PeckShield, KnownSec and Chaitin as partners since the beginning of this year, with more on its way in the coming days. As a result, OKExChain is on the verge of creating an industry-standard, highly scalable open-source blockchain with a fully audited codebase that is resistant to almost all security threats.

 

Did you get the memo? Everyone is talking about NFTs. If you are a late adopter, then allow us to fill you in on the exciting world of NFTs. In 2021 everything can be tokenized, it’s a way of turning an object, a contract or simply an asset into a token which can gain or lose value. Most crypto coins are fungible, this means that you can swap one for another eg. if you hold an Ethereum coin, you can swap it for another, there is really no difference between the two. NFTs or Non Fungible Tokens though are different. These are unique tokens which cannot be replaced by another,  in the same way that the Mona Lisa cannot be replaced for the Night Watchman.

And talking about pieces of art, this is one of the most popular new styles of NFT. You take a piece of digital art, or even a song or any digital media, such as Jack Dorsey, the CEO of Twitter, who has turned his first ever Tweet into a token and is currently auctioning it off, (it’s somewhere around the $2.5 million level). Would you pay $2.5 million for this? Probably not, but someone would. In the world of art, the price of a piece is whatever someone is willing to pay for it.

There are plenty of other cases of NFTs which have made the news which include someone tokenizing a piece of Banksy artwork and then burning the original. Genius? The jury’s out. Other examples include; Mark Cuban using Tokenized Tweets which minted NFTs from Tweets, and is built on a decentralized platform called Polygon. Aavegotchi, a marketplace for DeFi-staked Crypto Collectibles which sold 10,000 portals for their DeFI + NFT game and managed to raise more than 5.5M$+ and another marketplace built on Polygon, called Arkane which allows you to sell your game items or creations in the form of NFTs.

Slow Down! DeFi, Decentralized, What?

We missed a key piece in this puzzle. What is DeFi? Everything on the blockchain is decentralized, meaning there’s no middleman, it’s just you the buyer and me the seller. DeFi is decentralized finance, which is basically any kind of financial app that is on the blockchain. So, if I am looking for a loan, I don’t need to go to a bank any longer and meet an actual human being and sign a contract. I now do it through the blockchain and smart contracts, which verify every transaction for me, taking away the need for an intermediary like a bank or a broker, and removing the element of human error and even fraud.

Back to the interesting world of NFTs. All of these auctions and all of these marketplaces must take place somewhere. We mentioned Polygon earlier, and this one of the major platforms allowing marketplaces and developers to build decentralized apps. Polygon is an interesting company. It was known as Matic, but it changed its name as the company developed. It’s objective is to bring the world of blockchain one step closer to mass adoption. They do this with their multi-chain approach to the blockchain, with their 2 Layer chains, which is known as the “Internet of Blockchains”. They make it possible for developers to link chains and build basically anything they want. So far they have hosted over 90 Dapps (decentralized apps) and have over 200,000 users, so they are definitely busy. This project, like most blockchain projects, has its own coin which sits at the centre, the MATIC. The better the company does, often the better the coin will perform, gaining or decreasing in value depending on the utility behind it. So Polygon are a major player in the NFT game, and one worth knowing about.

Image by Gerd Altmann from Pixabay

Bitcoin gambling website, FreeBitco.in launched its Premium Membership Program on March 15, 2021. This program aims to utilize the platform’s native token, FUN, as a loyalty token for its global user base of 41 million crypto-enthusiasts.

Crypto markets are blossoming following Bitcoin’s recent rally to all-time highs of $61,000 over the weekend. However, users are already looking for the next big thing – and FUN Token could be the token offering massive growth potential this year.

At the core of FUN Token’s appreciation is FreeBitco.in, which boasts of over 41 million registered users and is ranked as the seventh-largest online gaming website on SimilarWeb. On March 15, FreeBitco.in launched its Premium Membership Program. This program requires its users to buy FUN Tokens and earn benefits like cashback, free spins, and additional interest on bitcoin deposits.

FreeBitco.in was launched in 2013. It offers online gambling enthusiasts an automated, provably fair platform to bet and win using Bitcoin (BTC). FreeBitco.in was established with a view to promoting the adoption and utilization of Bitcoin. Now, it plans to do the same with FUN Token.

The Premium Membership Program kicks off on March 15. Eligible users that have purchased FUN Tokens at FreeBitco.in can start earning corresponding benefits. According to a statement from the team, FUN was chosen “due to its decentralized nature and dedication towards creating truly fair gaming experiences.”

Since FreeBitco.in announced the program on February 1, FUN Token has gained over 100,000 new users and counting.

Additionally, FreeBitco.in plans to reinvent the FUN token through a series of initiatives. A team of developers will be chosen to build consumer-facing apps around FUN to promote adoption, form partnerships with other iGaming firms to promote FUN as a payment currency, and maintain a strategic burning schedule in a bid to improve the token’s value.

With the launch of the Premium Membership Program, FUN Token looks to be the one of the most promising tokens of 2021. Since January, FUN has already risen over 480%, currently valued at $0.031.

Can the Premium Membership Program be a catalyst for the exponential growth of FUN Token? The signs sure look great.

Amber Group, a leading Hong Kong-based crypto finance platform announced it has hired Chiachih Wu as a Blockchain Security Specialist. Wu brings years of information security experience having worked as a security researcher across blockchain, mobile security and virtualization security industries.

Wu held positions at Intel Corporation as well as at Chinese internet company Qihoo 360 Technology Co. Ltd as a Senior Security Researcher. In 2018, Wu also founded his own blockchain security firm.

At Amber Group, Wu will be helping the company enhance its security infrastructure as the company continues expand to new geographies. Since its founding in Hong Kong, Amber Group now has a presence in Taipei, Seoul and Vancouver. Its Global X Center initiative will further expand the list in the coming months by developing localized strategies and offerings.

Last year, Amber launched the Amber App, a mobile crypto finance app for retail users. Within a span of 5 months, the app gained over 80,000 registered users and over $390 million in assets. The Amber App offers institutional-grade service with a suite of market-leading interest rate products, yield enhancement and risk management tools all within a secure mobile infrastructure. Recently, it also introduced Yield Boost, a new yield enhancement offering for users to monetize their market view on major crypto assets and earn competitive rates.

Amber Group now works with 500 institutional clients and an increasing number of retail users in over 80 countries. To date, the company has traded over $33 billion, with over $1 billion in assets under management. It is backed by leading venture firms in the crypto industry including Paradigm, Pantera, Polychain Capital, Dragonfly Capital, Blockchain.com, Fenbushi Capital and Coinbase Ventures.

Phemex, one of the fastest crypto exchange and futures trading platform has announced an attractive contest for its community. Starting March 24^th, the fifteen-day long Phemex Trader’s Arena contest with a generous prize pool of $2 million allows traders to form teams and compete against each other.

Registrations for the Phemex Trader’s Arena Contest started on March 10^th.  The contest is focused on BTC/USD trading pair on the platform, and only those fulfilling the participation requirements set forth by the platform will be eligible to take part in it.

Requirements and Ground Rules

The Phemex Trader’s Arena contest requires each participant to have a BTC Trading Account with a net value of at least 0.005 BTC which includes existing crypto balance as well as unrealized PnL at the time of registration. Once the registration process is completed, they will have to create or become part of a team. The minimum team size for participation in the event is 10, and those who are not part of any team or have a smaller team size will be randomly assigned to different teams before the event starts.

Each team will have a Captain – person who forms the team. The team captain will be eligible to receive additional benefits based on their team’s performance.

Rules governing the Phemex Trader’s Arena contest restricts participating individuals and teams from i) registering batch accounts; ii) indulging in market manipulation for profit; and iii) conducting reverse transactions between team members to yield higher ROI’s for select few team members.

Each trader can use only one account to participate in the event. The platform does not consider sub-accounts as individual participants. Also, the use of API trading is restricted for all contest participants.

Phemex Trader’s Arena Awards

The Phemex Trader’s Arena contest has a $2 million prize pool, of which 78% will be paid out as team awards and the remaining 22% as individual awards. Each category will have a winner and two runners-up, decided based on ROI (for teams) and PnL (for individuals).

The breakdown of reward distribution is as follows:

Award	Team Award	Individual Award
Prize Pool	78% of total prize pool	22% of total prize pool
1st Place	25% of the total prize pool	8% of total prize pool
2nd Place	15% of total prize pool	5% of total prize pool
3rd Place	8% of total prize pool	2% of total prize pool
4th to 10th Places	30% of total prize pool, distributed evenly	7% of the total prize pool, distributed evenly

Further, the captains of each winning team will receive 40% of their respective team’s award followed by 30% distributed equally among top 10 team members. The remaining 30% will be shared by remaining team members in equal portions. In the event, the team has less than 20 members each member, apart from the team captain will receive an equal share in 60% of the award.

Other Benefits

Each team captain will receive $100 as team formation prize along with up to a 50% share of trading commissions. Also, the first 2000 traders to register for the Phemex Trader’s Arena will get $10 bonus and limited edition Phemex merchandise.

Join the Phemex Trader’s Arena

Register for the Phemex Trader’s Arena contest at – https://phemex.com/crypto-trading-competition

Winners of the contest will be announced on April 13^th, 2021.

It is undeniable that the real estate sector is ripe for a major revamping. There are high ticket prices for entry, majorly obstructing comprehensive inclusion to this segment. Presented with the opportunity to innovate, LABS Group has introduced an ecosystem built on top of the blockchain technology, making real estate infinitely more liquid, inclusive, and accessible for investment. Those who have thought that investing in off-shore properties via a REIT is not within their capabilities can now take the route via LABS token to invest in international properties of their choice. LABS has already seen massive interest from VCs, investment firms, and regular users alike, already raising over $2 million in funds through their NFT auction. Below, we will get into some of the reasons LABS is superior to all other current real estate investment options.

Why Should Someone Invest in LABS?

To make real estate portfolios inclusive across all income groups and nationalities, LABS Group has introduced a fractional investment concept to benefit users. Utilizing this new framework, anyone can get involved starting with as little as $100 to buy property in various premiere locations worldwide. That being said, if you have a few thousand dollars to invest, you can diversify your real estate investments via LABS token for a compounding yield across the globe. Something that was previously only possible via REITs with high entry prices, LABS Group has reduced them to a fraction of the cost for more inclusiveness for all. On top of this, LABS’s IDO will also bring a slew of other benefits for their investors and early adopters.

How Early Adopters Benefit

LABS Group IDO will be launched on March 15, 202110:30AM UTC, on the Uniswap DEX. Anyone can stake their ETH in the MANTRA DAO staking pool and claim the LABS LP token following the launch. These LP tokens will be used for participating in a lucky draw where token holders can win a luxury resort property in Thailand, iPhone 12 Pro, or Home Pode Minis. On top of this, winners of the real estate hotel property can also let-out or rent their property for gains from tenants, increasing the value of this already amazing prize. Considering LABS Group has already partnered with Bitmart, Oriental Pearls, Black Manta, Centrifuge, and Enjin, these prime names in the blockchain space have evoked further trust in this real estate token project. In collaboration with some of the most prominent networks in the distributed ledger technology space, LABS is preparing to introduce a platform that can fundamentally change how the real estate investment industry is viewed.

 

 

For most of 2020, the buzz word in the cryptosphere was ‘DeFi’. The sprawling movements and burgeoning growth in the decentralized exchange space in the last months are now screaming ‘DEX’.

And if the past month is anything to go by, the spectacular moves from Heco-based DEX MDEX.COM appear to have entrenched its Number One leading position as the current DEX king on both Coinmarketcap and CoinGecko.

Condensing One Year’s Journey Worth into One Month

Recently launched on January 19, 2021, a month later on February 20, the young DEX (decentralized exchange) managed to exceed USD 5 billion in 24-hour trading volumes, which astoundingly eclipsed the cumulative volumes of all the rest of the other DEXes on that day.

When compared with leading DEX Uniswap, which took 840 days to exceed USD 100 billion in cumulative trading volumes, MDEX took just 50 days! How did a relatively unknown DEX manage such a feat? 

Favorable DEX Environment

We will of course do well to remember that decentralization is at the core of the entire crypto movement. Satoshi’s vision for Bitcoin as an alternative to mainstream economies was, at the heart of its foundation, a currency to facilitate decentralized peer to peer exchanges.

While CEXes are of course necessary intermediary platforms, even leading centralized exchange (CEX) Binance CEO CZ admits that DEXes will eventually overtake his own centralized exchange.

Another factor to consider are the tightening regulations on CEXes, which impose many restrictions. These moves result in project delistings, exchange relocations or shutdowns. For DEXes, however, this presents an opportunity to take over the marketplace.

Already in late 2020, the rise of Uniswap showed that DEXes were ready to facilitate decentralized trades. In 2021, with even better technologies and mechanisms, more and more DEXes are rising to prominence and nailing the coveted USD 1 billion in 24-hour trading volumes.

DEXes Offer Cheaper Transaction Fees, Privacy and Less Incentive for Hackers

For users who prefer to trade anonymously, DEXes are the answer. DEXes offer privacy, cheaper transaction fees, and little incentive for hackers because funds are traded peer-to-peer and not deposited in the massive honeypots on CEXes that hackers can target.

MDEX.COM: Dual Mining, ‘Zero’ Fees, Fast Transactions and Community-Focused

For quite a while, Uniswap was the undisputed leader, offering the kind of liquidity that was only found on CEXes. However, Uniswap is on the Ethereum mainnet and the increasing congestion and subsequent high gas fees have been deterring many users and projects.

It is no accident why MDEX has taken over Uniswap’s leading position and captured major market share. An important factor is its zero-to-negative fee offerings, made possible as a result of its implementation of a unique ‘dual-chain dual-mining’ mechanism on the platform.

Most DEXes implement a liquidity pool mining whereas MDEX implements both liquidity and transaction mining. As MDEX CMO KiKo explains:

“For liquidity mining, also known as yield farming, MDX tokens are generated for the users who provide liquidity to the pool. In transaction mining, users can harvest MDX by trading the specified pairs and 0.3% transaction fees will be charged for transaction mining. Of the 66% transaction fees charged, 30% will be used to repurchase and destroy MDX. The rest of the 70% will be used to purchase HT from the secondary market to reward MDX/USDT, MDX/WHT, MDX stakers. All these transactions are publicized on the chain. This “dual mining mechanism” of transaction mining and liquidity mining completes an ecological “closed loop” designed to support liquidity on an AMM-based DEX.”

On MDEX, its low handling fees of only 0.1 cent per swap, means that 1 USDT of HT can support nearly 1,000 swap transactions. Combined with low slippage, good depth and high APY for transaction and liquidity mining, trading on MDEX can generally achieve zero and even negative transaction fees because, excluding slippage losses, the MDX rewards generated by the MDEX platform users for trading and mining are much higher than the transaction fees required for the transactions.

In terms of transaction speed, utilizing the Huobi Eco-Chain (Heco), MDEX transaction confirmation times are a mere 3 seconds.

In addition, platform user experience has been designed to be simple and user-friendly, and the MDX token is designed with community governance in mind.

MDEX.COM: All about Maintaining Excellence and Innovation

Currently MDEX.COM is the DEX with the lowest transaction fees, with the platform having paid out more than USD 310 million in transaction fee subsidies. Cumulative Liquidity Pool rewards are USD 210 million with the LP yield rate the highest in the entire ecosystem.

As the first DEX to implement the utilization of transaction fees for token buybacks and burns, MDEX maintains that innovation will continue to be a part of its overall vision. The DEX has indicated that its goal is to create a comprehensive DeFi ecosystem that integrates DEX, IMO (Initial Membership Offering) and DAO (Decentralized Autonomous Organization) and continue to provide excellent services and quality trading experience.

As always, community focus will stay paramount in all upcoming developments.

To know more about MDEX.COM, its Official Website is https://mdex.com/#/

Social Media:

Twitter: https://twitter.com/Mdextech
Telegram: https://t.me/MixDex
Medium: https://mdex.medium.com

Crypto.com has listed Kava as a supported currency onto its platform. In doing so, the team brings this popular DeFi asset to its Visa debit card. As one of the few 2017 ICOs to deliver on the initial promise, Crypto.com is becoming a significant player in the cryptocurrency space.

Kava Arrives On Crypto.com

Formerly known as Monaco Card, Crypto.com is carving out its position among the top cryptocurrencies by market cap. To make its platform more appealing, the team will regularly enable support for alternative crypto assets. In this instance, the team opts for KAVA, the native asset of Kava, a hidden gem in the ever-competitive DeFi space.

Contrary to other protocols in the decentralized finance world, Kava is the most trusted DeFi platform by financial institutions on the market. Its suite of products and services are tailored to the crypto world, allowing for a frictionless and decentralized approach. Users can lend, invest, and earn with crypto on the platform directly or through the many companies who have integrated Kava’s technology – including Binance and Huobi.

As a result, it will become possible to purchase KAVA through the Crypto.com app via a credit card or other fiat onramps. No longer will users have to rely on an exchange to convert to KAVA. Introducing more fiat gateways ensures everyone has equal access to the existing assets populating the DeFi landscape today.

Through this integration, it is now possible to acquire KAVA through over 20 fiat options and more than 90 crypto options. As Crypto.com’s Visa network is connected to over 50 million merchants worldwide, cardholders can spend KAVA in nearly any location worldwide. This integration brings unprecedented access to this DeFi asset to users all over the world.  More importantly, the mobile applications for iOS and Android will support KAVA as well.

As Crypto.com serves as a leading provider of Visa card services related to cryptocurrencies, having their support can push KAVA adoption to new heights. Ever since WaveCrest had a falling out with Visa over its cryptocurrency-related services, few providers of such cards remain. Crypto.com has an official working relationship with Visa, allowing them to provide their card services across Canada, the EU, UK, the USA, and other regions.

Why This Matters Now

As a hidden gem among DeFi projects, Kava’s integration into Crypto.com comes at an intriguing time. As the Kava team recently released version 5 of their DeFi protocol – and upgraded the HARD Protocol to Version 2 – a lot of new functionality and improvements have been added. Showcasing these features to a much broader audience will highlight what the Kava developers have been working on and why cross-chain DeFi support is necessary.

Considering how the Crypto.com app is one of the top mobile apps in the finance segment on both iOS and Android, it has a lot of appeal to people inside and outside of the cryptocurrency industry. When such a platform launches KAVA, mainstream awareness for this asset can pick up significantly.

Furthermore, Crypto.com becomes a compelling place to purchase KAVA. It operates a 0% fee structure and does not charge any markup on purchases. Purchasing KAVA at true cost – through either credit card or bank transfer payments – allows users to diversify their cryptocurrency portfolio with ease.

 

 

2021 is proving to be another massive year for the blockchain space. Total Value Locked (TVL) in DeFi protocols has hit $45 billion with NFTs raking in over $200 million in sales in the past 30 days.  As March gets into gear, there are several major blockchain launches scheduled that you definitely won’t want to miss and a few recent launches to keep on your radar.

From protocols to NFT platforms, the following projects represent some of the most promising teams, product-market fits, and communities. Many have launched or will be launching public sale rounds on various launchpads to offer an opportunity for public participants to support the projects. This means a chance to participate if you were too late to the private sale.

Here is the list (in no particular order) if the most promising blockchain launches this month.

DAFI Token Launch

Telegram: https://t.me/dafiprotocol
Twitter: https://twitter.com/dafiprotocol

DAFI’s protocol has been in development since 2018, and now its initial token launch is set for March 2021. The primary purpose of the project is to bring sustainability and inflation control to DeFi. Many DeFi protocols have struggled to manage hyperinflation via excess supply as they have sought to reward early adopters.

DAFI will link user adoption to a synthetic token called DFY, which gets released whenever DAFI is staked to a particular protocol. These synthetic tokens can be burned in exchange for DAFI. The number of synthetic units available is directly proportional to the expansion of the protocol using them. What this does is tie adoption incentives to the long-term growth of a project. DAFI is the first universal solution that enables inflation in blockchains to be tied to the demand for a token (via the synthetic DFY) rather than the supply.

DAFI will be launching their SHO (strong holder offering) on DAO Maker on March 17th with an initial price of $0.00333.

Splyt dApp and Token

Telegram: https://t.me/splytcore
Twitter: https://twitter.com/splytcore

After completing its whitelist campaign with 10,000 sign-ups, Splyt is set to launch its MVP in March 2021. Splyt is a new protocol focused on decentralized e-commerce with a sustainable edge. The project employs smart contracts and tokens to offer database and search engine functionality for decentralized e-commerce retail.

Splyt enables asset listings to be tokenized, which in turn means that sellers can offer bounties to affiliates and other parties that help facilitate trade or transactions. Splyt is designed to replace rent-seeking intermediaries and bridge the gap between consumers and online retailers.

The dApp is scheduled for its mainnet launch in March 202. The minting of its native token, called SHOP, will also happen in March with a final IDO to be held on Paid Ignition.

AIOZ Network IDO

Telegram: https://t.me/aioznetwork
Twitter: https://twitter.com/AIOZNetwork

AIOZ Network is a layer 1 blockchain-based Content Delivery Network (CDN), offering a decentralized streaming platform on the AIOZ blockchain. Currently, AIOZ has nodes spread out across the world and a suite of products including AIOZ Tube (a video-sharing platform), AIOZ OTT (a subscription video service), and AIOZ TV (a live streaming app).

The project is making strides in improving the current CDN industry by offering a better streaming experience that is less costly, more scalable, fast, and offers various incentives. While no hard date has been set, AIOZ is expected to launch an IDO on Paid Ignition in the near future, with March being rumored as a possibility.

Ethernity Chain IDO and Staking Program

Telegram: https://t.me/joinchat/WKqxzZV7I14xItLT
Twitter: https://twitter.com/ethernitychain

Ethernity Chain enables NFTs to be minted and traded all on-chain. Ethernity combines DeFi and NFTs to deliver exclusive access to rare and collectible content produced by some of the world’s most renowned digital artists.

Ethernity also allows public figures to endorse works and raise money for charities of their choosing. Following on from its private fundraising round in February 2021, has since launched their IDO on Polkastarter on March 8th and have seen a parabolic rise in public interest since launching on Uniswap. Currently, Ethernity remains one of the most searched projects on both CoinGecko and Dextools. Ethernity will soon be launching a staking program to earn STONES, which can be used to redeem curated and exclusive Ethernity NFTs in the future.

Kylin Network Uniswap Launch

Telegram: https://t.me/KylinOfficial
Twitter: https://twitter.com/Kylin_Network

Kylin is creating a cross-chain data economy on Polkadot that will give parachains access to accurate pricing and other market data. It’s also creating decentralized oracles and a marketplace for data trading. Kylin’s advanced data analytics will give Polkadot projects the tools they need to access information stored on other chains and within traditional financial markets.

Having completed its Balancer liquidity auction, Kylin has since launched KYL on Uniswap, giving Ethereum users a chance to interact with Kylin before it makes its Polkadot debut. Kylin has amassed a community of over 10,000 token holders since launching.

PolkaFoundry Dual-IDO

Telegram: https://t.me/PolkaFoundry
Twitter: https://twitter.com/polkafoundry

PolkaFoundry is a one-stop Production Hub for DeFi applications built on Polkadot. PolkaFoundry’s infrastructure allows developers to tap into various resources to build the latest and greatest DeFi applications. These include open lending platforms, decentralized insurance, cross-chain decentralized exchanges, NFT marketplaces, and more.

PolkaFoundry recently partnered with Kylin Network to provide high-quality data oracle data to its dAppsm, which will be able to access real-time data sources to reinforce increased accuracy and reliability in the DeFi space.

PolkaFoundry will be conducting a dual-IDO on both DuckSTARTER on March 14th through March 16th and ZENDIT on March 16th (2pm to 3pm UTC).

My Neighbor Alice on Binance LaunchPool

Telegram: https://t.me/MyNeighborAlice
Twitter: https://twitter.com/myneighboralice

My Neighbor Alice is a multiplayer builder game where users can buy and own virtual islands, collect and build exciting items, and meet new friends. Built by a team of blockchain veterans, My Neighbor Alice combines many trending blockchain experiences into a fun narrative and ecosystem built for players that appreciate the gameplay experience and for NFT fans (from any experience level).

My Neighbor Alice recently launched on Binance LaunchPool, allowing people to farm ALICE tokens using BNB, BUSD, and CHR. ALICE tokens will be available to purchase on Binance starting on March 15th.

Raze Network

Telegram: https://t.me/Raze_Net
Twitter: https://twitter.com/raze_net

Raze Network is a Substrate-based cross-chain privacy protocol building a cross-chain privacy middleware for DeFi and Web 3.0. Using its privacy layer, Raze offers end-to-end anonymity for the entire DeFi and Web 3.0 stack. They do this by applying zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module which will be imported as a substrate-based smart contract.

Raze has closed its seed and private rounds backed by funds such as Master Ventures, Signum Captial, Moonwhale, CMS, and more. While no hard date has been set for the company’s upcoming public sale, it is suspected to be launching within the next few weeks. Stay tuned to make sure to secure a spot when this announcement is confirmed.

 

Image by Mudassar Iqbal from Pixabay

The leading crypto derivatives exchange and trading platform, OKEx has further expanded its DeFi offering by adding few more tokens to its list of supported cryptocurrencies. The latest inclusion to the list is PERP – a native token of the Perpetual Protocol.

Perpetual Protocol is a DeFi platform that allows users to create perpetual contracts for any asset, ranging from cryptocurrencies to traditional commodities like gold and oil. The platform offers up to 20x leverage to traders, along with round-the-clock guaranteed liquidity, transparent fees, quick setup and instant deposits and withdrawals. The ERC20 based PERP acts as a utility, governance and staking token on the platform.

PERP spot trading on OKEx went live on March 10, hours after the platform opened for deposit. On the occasion, the CEO of OKEX, Jay Hao said, “We continue to preside over so much innovation in the DeFi sector, and we are pleased to be able to offer these cutting-edge products to our users. PERP’s ability to support virtually any asset tradable in a peer-to-peer manner unlocks vast potential for users. We’re also encouraged to see the progress made on transaction speed and blockchain interoperability by protocols such as Velo, Alpha Finance and Conflux. We look forward to witnessing rising adoption as the DeFi economy becomes integral to our daily lives.”

Other DeFi tokens listed on OKEx during this month includes VELO, ALPHA and CFX belonging to the Velo decentralized financial protocol, Alpha Finance Lab and Conflux Network, respectively.

The blockchain-based Velo financial protocol is designed to facilitate timely and transparent borderless asset transfers and digital credit insurance for businesses. Meanwhile, Alpha Finance Lab is working on interoperable DeFi ecosystem that helps existing DeFi solutions on various protocols work together in unity to overcome the current challenges to widespread adoption of decentralized finance. Making a similar valuable contribution to the ecosystem, Conflux Network is involved in the development of high-performance public chain capable of achieving high transaction throughputs without compromising on decentralization or security.

All the four tokens are now available for spot trading on OKEx. The OKEx community can now enjoy the benefits offered by the limited-time promotion of these new assets on the platform, which includes a chance to win a share of the USDT prize pools or a brand-new iPhone 12.

 

 

As more people look for safer alternatives to store and transfer their wealth, stablecoins have emerged as a viable option with practically no restrictions. These fiat-pegged crypto assets allow users to store value reliably, but do nothing to account for inflation of the fiat backing the asset.

e-Money has developed a new stablecoin, one more akin to a tokenized bank deposit than a fiat-pegged currency, as it fluctuates based on incurred interest rates. e-Money combines the best aspects of the three most popular stablecoin models: algorithmic stablecoins and collateralized stablecoins (which include crypto and currency-backed stablecoins), to provide additional value to end-users. Built using the Cosmos blockchain, e-Money is interoperable between networks, allowing for platform sovereignty alongside easy integration with other blockchains.

The Trouble With Algorithmic and Collateralized Stablecoins

Prior to the introduction of e-Money, there have been three categories of stablecoins that provide value to users, but have inherent problems. These categories, currency-backed stablecoins, crypto-backed stablecoins, and algorithmic stablecoins, are still very popular but can be improved.

Users tend to flock to the options that provide a reliable peg on the underlying asset, including during times of volatility. Unfortunately, to date there has not been a mainstream stablecoin that is immune to violent market swings. This has kept many people at bay from participating from more traditional markets and has caused stablecoins to be viewed as a potential regulatory risk.

The future viability of these stablecoins depends greatly on the relationship stablecoin issuers have with banks. If regulators bring forward new rules or issuers can’t cover the operational costs from interest held in reserves, there could be a potential price decoupling. There is also the problem of relying on a centralized institution responsible for maintaining the asset’s stability.

Algo stablecoins mitigate the problems of a centralized power structure, but present unique issues of their own. One of the main obstacles is that the collateral is not in the same asset the stablecoin is pegged to, adding risk and putting pressure on the project and its ability to maintain the peg. Currency pegs hold their price via over-collateralization, but this is only effective if the collateralized asset price doesn’t drastically decrease in value. If this happens, there will not be enough value to justify the peg, and the entire ecosystem can collapse.

A final problem, one that will stifle the ability for algo stablecoins to reach mainstream adoption, is their inability to meet the needs of large buyers. Companies with billions or trillions of dollars of assets under management will have no way to interact with this type of system, as it cannot support the transaction level they require.

e-Money Combines the Best From Each

e-Money offers a solution that innovates on both models of stablecoins, providing an asset-backed option that changes in price based on inflation. e-Money stablecoins are interest-bearing currency-backed stablecoins reflecting various world currencies. They are also fully collateralized, interest-bearing, capable of providing immediate finality of transactions, cost-effective, and fully transparent. Additionally, e-Money is already working with multiple European banks to hold its stablecoin deposits and the company is audited regularly by Ernst and Young, one of the most respected Big Four accounting firms in the industry.

Users can send these stablecoins anywhere instantly, meaning they are borderless, permissionless, and efficient, enabling usage across web3, for local businesses, remittance, and even corporate settlement. e-Money inflates the supply of all its stablecoins by one percent each year, resulting in a controlled divergence meant to benefit stakeholders over time.

With this stablecoin system, e-Money is not working towards replacing fiat currency, but wants to act as a layer two solution that will enhance overall asset usability. Since e-Money uses Cosmos’ blockchain framework for its infrastructure, the network can handle thousands of transactions per second, setting the groundwork for a globally adopted platform.

Additionally, the company recently announced a collaboration with Avalanche, e-Money’s stablecoins will join top-five fiat-backed stablecoins TrueUSD (TUSD) and BiLira (TRYB) as fiat-backed stablecoins native to Avalanche’s DeFi ecosystem.

e-Money is expanding beyond the USD-dominated stablecoin market to deliver trusted currencies that can be used in both retail and cross-border payments. By launching on Avalanche, e-Money users will be able to send and receive stablecoins with sub-second finality, and low transaction fees. Providing predictable and interest bearing value to stablecoins is an innovation that will help users better manage their assets, something e-Money is hoping will empower people everywhere.

Image by moritz320 from Pixabay

There is a new game in town, and it seems to have the luck of the Irish, especially as they will list their token on Uniswap on St. Patrick’s day.

Choosing such a lucky date to debut might explain why the team behind Lepricon, a blockchain-based gaming platform for prediction games, found themselves closing out their seed and private rounds in just a few short days, ending the process seven times oversubscribed,

“Once word started getting around about what we were doing and why we found ourselves inundated in instant messages and emails from potential investors,” recounts Stephen Browne, Co-Founder & COO. “We flew past our soft cap in under a week, and shortly after, we sold out. We just have the public sales to go, and we will hit our hard cap.”

The question is, why all the interest? There are two possible reasons.

First, Lepricon is not just another DeFi service aimed at the core crypto community. Their core business is games. As Founder & CEO Joshua Galloway explains, “We think gaming is the first killer app that will take blockchain mainstream.”

He continues, “Gamers understand in-game currencies and rare and unique game items. It’s easy to lead them from there to cryptocurrencies and NFTs. Once they are playing games with our in-game currency, L3P, then we can introduce them to the Defi elements of the platform and show them how to swap and stake it.”

The second reason is far more human. The team behind Lepricon is experienced and makes a point of being anything but anonymous. If you add up the CEO, COO, and CMO ages, you get more than 130. They asked that we not be too precise! Galloway has over 20 years of experience in video games, from AAA studios to mobile and social casinos. Browne is a former barrister and has worked in the digital asset space for some years now. Phil Ingram, Chief Marketing Officer, who describes himself as a survivor of the original dot com boom, has 30 years of marketing and brand development experience.

Lepricon has also pulled together an impressive crew of experts to act as advisors. They include video games advisor Frank Yu, who oversaw the original Xbox launch in Asia; Jacky Lee, a project lead on the NFT early comer Cryptokitties; and Andrew Pearson, one of the world’s leading experts and published author in prediction markets.

So, what exactly is this highly experienced team doing?

As Galloway describes it, “Lepricon offers both sides of the coin. On the one hand, we offer a hypercasual and fun gaming experience on a mobile-first platform. On the other, our operating token, L3P, will offer core Defi elements with the ability to stake in the liquidity pools that keep the machine running.”

Galloway animates when talking about Lepricon’s plans to issue NFTs. “We want all of our community members [holders of L3P] to have the opportunity to collect NFTs. Some will have value as rarities in a set, some with in-game advantages, and the most powerful ones will give holders considerable advantages on our DeFi platform, such as highly reduced or zero swapping fees.” He adds, “Of course, all NFTs will be saleable on the open market so that you can earn your status, or you can buy it!”

What are the next steps for Lepricon once the token sales and Uniswap listing are complete?

“Our first game is a card prediction game called KQJ,” answers Galloway. “You win by correctly guessing the next card to be turned over, but as more people play, the pool contributes to a discount on the price of Bitcoin, Win three times in a row, and you can choose to buy that bitcoin at the locked-in discount.”

Lepricon plans to release a game every quarter after KQJ, which will launch at the end of March this year. In the pipeline is Bitpool, where players predict whether the price of Bitcoin will go up or down, and FansPredict, where players make predictions on real-world and esports events.

In addition to developing content for the gaming platform, Lepricon has been busy assembling a healthy cohort of strategic partners to deliver a venue suitable for a hyper-casual experience and provide utility and value to their operating token, L3P. RioDeFi is developing a Polkadot parachain that will enable over 3000 transactions per second with vastly reduced gas fees. “Players need to be able to jump into games, play, and cash out. Polkadot makes that possible,” explains Galloway.

Lepricon is also partnering with DeFi platform. MANTRA DAO, to provide a solution so that holders of L3P can stake their tokens immediately after the completion of listing on Uniswap. Browne offers, “It was always important to us that L3P provide utility from day one, even while we are building out our platform. Our partnership with MANTRA DAO means we can keep that promise.”

Galloway thinks that we are only just at the beginning of a new world order created by the intersection of the gaming and blockchain industries. He opines, “When a game’s currency is built on the blockchain rather than stored in a database, the power passes to the player because that is then their money.”

He adds, “the future is community-driven and player-owned gaming economies.”

Lepricon will offer its first public sale on MANTRA DAO’s ZENDIT platform on March 15th and Duck DAOs DuckSTARTER platform on March 17th. For more information, follow Lepricon’s Telegram channel

There is a new game in town, and it seems to have the luck of the Irish, especially as they will list their token on Uniswap on St. Patrick’s day.

Choosing such a lucky date to debut might explain why the team behind Lepricon, a blockchain-based gaming platform for prediction games, found themselves closing out their seed and private rounds in just a few short days, ending the process seven times oversubscribed,

“Once word started getting around about what we were doing and why we found ourselves inundated in instant messages and emails from potential investors,” recounts Stephen Browne, Co-Founder & COO. “We flew past our soft cap in under a week, and shortly after, we sold out. We just have the public sales to go, and we will hit our hard cap.”

The question is, why all the interest? There are two possible reasons.

First, Lepricon is not just another DeFi service aimed at the core crypto community. Their core business is games. As Founder & CEO Joshua Galloway explains, “We think gaming is the first killer app that will take blockchain mainstream.”

He continues, “Gamers understand in-game currencies and rare and unique game items. It’s easy to lead them from there to cryptocurrencies and NFTs. Once they are playing games with our in-game currency, L3P, then we can introduce them to the Defi elements of the platform and show them how to swap and stake it.”

The second reason is far more human. The team behind Lepricon is experienced and makes a point of being anything but anonymous. If you add up the CEO, COO, and CMO ages, you get more than 130. They asked that we not be too precise! Galloway has over 20 years of experience in video games, from AAA studios to mobile and social casinos. Browne is a former barrister and has worked in the digital asset space for some years now. Phil Ingram, Chief Marketing Officer, who describes himself as a survivor of the original dot com boom, has 30 years of marketing and brand development experience.

Lepricon has also pulled together an impressive crew of experts to act as advisors. They include video games advisor Frank Yu, who oversaw the original Xbox launch in Asia; Jacky Lee, a project lead on the NFT early comer Cryptokitties; and Andrew Pearson, one of the world’s leading experts and published author in prediction markets.

So, what exactly is this highly experienced team doing?

As Galloway describes it, “Lepricon offers both sides of the coin. On the one hand, we offer a hypercasual and fun gaming experience on a mobile-first platform. On the other, our operating token, L3P, will offer core Defi elements with the ability to stake in the liquidity pools that keep the machine running.”

Galloway animates when talking about Lepricon’s plans to issue NFTs. “We want all of our community members [holders of L3P] to have the opportunity to collect NFTs. Some will have value as rarities in a set, some with in-game advantages, and the most powerful ones will give holders considerable advantages on our DeFi platform, such as highly reduced or zero swapping fees.” He adds, “Of course, all NFTs will be saleable on the open market so that you can earn your status, or you can buy it!”

What are the next steps for Lepricon once the token sales and Uniswap listing are complete?

“Our first game is a card prediction game called KQJ,” answers Galloway. “You win by correctly guessing the next card to be turned over, but as more people play, the pool contributes to a discount on the price of Bitcoin, Win three times in a row, and you can choose to buy that bitcoin at the locked-in discount.”

Lepricon plans to release a game every quarter after KQJ, which will launch at the end of March this year. In the pipeline is Bitpool, where players predict whether the price of Bitcoin will go up or down, and FansPredict, where players make predictions on real-world and esports events.

In addition to developing content for the gaming platform, Lepricon has been busy assembling a healthy cohort of strategic partners to deliver a venue suitable for a hyper-casual experience and provide utility and value to their operating token, L3P. RioDeFi is developing a Polkadot parachain that will enable over 3000 transactions per second with vastly reduced gas fees. “Players need to be able to jump into games, play, and cash out. Polkadot makes that possible,” explains Galloway.

Lepricon is also partnering with DeFi platform. MANTRA DAO, to provide a solution so that holders of L3P can stake their tokens immediately after the completion of listing on Uniswap. Browne offers, “It was always important to us that L3P provide utility from day one, even while we are building out our platform. Our partnership with MANTRA DAO means we can keep that promise.”

Galloway thinks that we are only just at the beginning of a new world order created by the intersection of the gaming and blockchain industries. He opines, “When a game’s currency is built on the blockchain rather than stored in a database, the power passes to the player because that is then their money.”

He adds, “the future is community-driven and player-owned gaming economies.”

Lepricon will offer its first public sale on MANTRA DAO’s ZENDIT platform on March 15th and Duck DAOs DuckSTARTER platform on March 17th. For more information, follow Lepricon’s Telegram channel