Home Blog Page 42

Polygon Launches Hackathon Inspiring Developers to Build Decentralized Apps, Backed by a $100,000 Prize Pool

0
Polygon Launches Hackathon Inspiring Developers to Build Decentralized Apps, Backed by a $100,000 Prize Pool

Developers with the best ideas and MVPs will receive a $100,000 grant and unlimited community funding

DUBAI, UAE / ACCESSWIRE / September 1, 2021 / Polygon, an ethereum-based full-stack scaling solution bringing mass adoption to the ethereum platform, has launched Round 1 of its Polygon-Grants Hackathon on HackerLink, DoraHacks’ open source developer incentive platform.

Developers are encouraged to come up with ideas for decentralized apps (Dapps) and bring them to life on Polygon, with a prize pool of $100,000, unlimited community funding, and coverage across Polygon’s marketing channels up for grabs. The prize pool will be allocated based on votes from the Polygon community executed via on-chain quadratic voting as well as those from assigned judges.

Polygon has a reputation for being one of the most developer-friendly ecosystems outside of the Ethereum mainchain, offering the best tools for building applications on Ethereum, including Hardhat, Truffle, Metamask, and Etherscan. The Polygon ecosystem has been designed especially to make it easy for developers to get started on Polygon, build Web 3.0 apps, access a 1 million-strong user base and gain funding from VCs. DeFi bluechip Dapps including Sushiswap, Curve, Aave, Balancer, Kyber use Polygon.

Sandeep Nailwal, co-founder of Polygon, said: “We’re incredibly excited about the ideas that will emerge from the Polygon-Grants Hackathon. We already have the biggest brains in blockchain building innovative apps on Polygon, this hackathon will help us to further unlock the potential of developers around the world to help shape the next phase of Web 3.0.”

A range of these innovative Polygon-integrated projects that have gone on to achieve incredible success include QuickSwap, a permissionless decentralized exchange (DEX) based on Ethereum, and powered by Polygon Network’s scalability infrastructure; SushiSwap, an Ethereum-based decentralized exchange that lets you trade a wide range of tokens; and AaveGotchi, DeFi-powered NFTs staked with interest-generating tokens.

Polygon has also presented a long list of ideas to inspire hackathon participants, including non-fungible token (NFT) bridges to other blockchains to enable NFT minting, a lending protocol that immediately provides liquidity for assets transferred cross-chain, a decentralized version of Patreon to support creators and influencers, and a protocol to decentralize insurance risk without needing a third-party.

Polygon currently houses six times more gaming and NFT Dapps than other chains – currently over 500 Dapps. Since April this year, Polygon’s Total Value Locked (TVL) – a metric that denotes market share and growth – rose from $1 billion to nearly $9 billion. Polygon’s rapidly growing market share suggests there’s a strong demand for Dapps on faster and cheaper blockchain solutions.

Please visit Polygon-Grants Hackathon application guide for more information: https://hidorahacks.medium.com/polygon-grants-hackathon-application-guide-1d5c07817d9d

The Polygon-Grants Hackathon Round 1 will run from August 30 to October 22, and winners will be announced on November 3.

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

For more information, please contact:

Pedro Park
Cryptoland PR | http://cryptolandpr.com/



Post Views:
5

WISeKey Joins Forces with Polygon, a Full-Stack Ethereum Scaling Solution to Offer Trusted NFT Solutions to the Masses

0
WISeKey Joins Forces with Polygon, a Full-Stack Ethereum Scaling Solution to Offer Trusted NFT Solutions to the Masses

GENEVA, SWITZERLAND / ACCESSWIRE / September 1, 2021 / WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain, and IoT company, today announced it has joined forces with Polygon, to offer Trusted NFTs solution to masses with the launch of WISe.ART NFT platform in September 2021. Polygon is a platform for Ethereum scaling and infrastructure development, as well as for networking Ethereum-compatible blockchains.

Polygon has become the blockchain of choice for NFTs, NFT marketplaces, and blockchain games because of its ultra-low transaction fees and sustainable Proof-of-Stake (PoS) consensus mechanism makes Polygon a more practical option for activities such as minting and trading NFTs. Polygon Studios, the Gaming and NFT arm of Polygon already works with most today’s top blockchain-based Web 3.0 games and NFT projects, including Decentraland, Opensea, Sandbox, Somnium Space, Decentral Games, and has 5x more gaming and NFT Dapps than any other chains outside of Ethereum main chain at around 300+ gaming and NFT Dapps.

Carlos Moreira, Founder and CEO of WISeKey noted, “We are thrilled to cooperate with Polygon to commercially launch our Trusted NFTs solution. WISe.Art is a fully-fledged marketplace with its own digital currency, has the ability to include curators and multipliers, white-labeling options, and special NFT designs. The NFT design of the WISe.Art platform ensures that besides an authenticated and signed version of the actual digital asset, it creates an irreversible link to the physical object, provides proof of ownership, provenance, and a set of contracts describing future use and monetization streams. The NFT platform is secured by WISeKey’s various security technologies enabling the authentication of physical objects as well as digital assets, in a safe end-to-end process.”

Sandeep Nailwal, Co-Founder of Polygon said, “We are delighted that WISeKey has selected Polygon for the commercial launch of their Trusted NFTs solution. Their high-value NFTs, designed to test the appetite of the art and collectible community requires someone like Polygon, whose ultra-low transaction fees and sustainable Proof-of-Stake (PoS) consensus mechanism are essential in meeting the demands of WISeKey’s high-volume marketplace.”

The commercial launch of the WISe.Art platform follows a series of market test auctions (started April 2021) of high-value NFTs, designed to test the appetite of the art and collectible community and fulfill the needs of this exclusive and high-volume marketplace. These market tests included the two world premiere NFT auctions of the digital twins of a physical watch.

The WISe.Art platform allows trading of NFTs into WISeKey’s own TrustECoin cryptocurrency, enabling market participants to stay anonymous – if they so choose – while ensuring the necessary KYC processes to avoid unwanted activity on the marketplace. WISeID is a trusted identity service that enables access to the web and mobile applications with strong authentication techniques. WISeID supports online KYC onboarding, OTP and digital certificate login, and an innovative “hands-free” secure login based on QR-Codes which users can read using the WISeID suite of mobile applications without even having to type any passwords.

Additional security services include digital signature services for documents. WISeID implements standards such as OpenID Connect and OAUTH2, that can be easily integrated by customers to enhance the security of their cloud applications. WISeID can also be combined with Microsoft Active Directory, facilitating integration with corporate applications.

About Polygon Studios

Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing, and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT Dapps like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games.

If you’re a game developer, builder, or NFT creator looking to join the Polygon Studios ecosystem, get started here.

Website | Twitter | Reddit | Telegram

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

Website | Twitter | Ecosystem Twitter Studios Twitter | Reddit | Discord | Telegram | Instagram

About WISeKey

WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large-scale digital identity ecosystems for people and objects using Blockchain, AI, and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens, etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKey’s Swiss-based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain, and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press and investor contacts:

WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000

WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611

Polygon PR
Contact: Pedro Park
Cryptoland PR
Tel: +44 781 484 5376

Disclaimer:

This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties, and other factors, which could cause the actual results, financial condition, performance, or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.



Post Views:
6

FLURRY Finance Collaborates with Kyber Network to Further Optimize Yield Farming

0
FLURRY Finance Collaborates with Kyber Network to Further Optimize Yield Farming

HONG KONG, HONG KONG, 31st August, 2021,
 — FLURRY Finance is collaborating with Kyber Network to provide more efficient cross-chain yield farming to the DeFi community. Kyber’s Dynamic Market Maker (KyberDMM) decentralized exchange will allow $FLURRY holders to trade with ample liquidity and low slippage rates.
FLURRY Finance aims to elevate its stable rhoTokens as a medium of exchange in daily transactions. This aligns with KyberDMM’s low transaction costs and high liquidity, making KyberDMM the perfect place to hold FLURRY Finance’s liquidity..
Through KyberDMM, $FLURRY token holders will be able to liquidate reward tokens with extremely low slippage costs. KyberDMM aims to achieve high capital efficiency through its amplified liquidity pools, where slippage can be up to 100x more capital efficient for stable pairs than what is currently available; while returns are optimized via dynamic fees, which are influenced by market conditions.
To minimize exposure to price volatility of reward tokens, FLURRY will regularly liquidate reward tokens for underlying stablecoins to realize income for its users.
“We’re very excited about our collaboration with Kyber as it will provide numerous long-term benefits, such as allowing $FLURRY holders to earn fees by supplying stablecoins to KyberDMM liquidity pools with minimal transaction fees. This is a win-win for both platforms and communities. FLURRY generates income for its users while Kyber attracts more liquidity, resulting in lower slippage and costs for everyone,” said Mike Ting, CEO of FLURRY Finance.
The collaboration also allows FLURRY users to mint different rhoTokens (rhoUSDT, rhoUSDC, rhoBUSC) without needing to hold the corresponding stablecoin. For example, USDC owners can convert their USDC to USDT first through Kyber before minting rhoUSDT tokens.
“Kyber Network is proud to provide blockchain projects with an optimized solution for their liquidity needs through the KyberDMM liquidity protocol. We look forward to Flurry’s launch.” – Loi Luu, CEO and Co-Founder, Kyber Network
This new development comes a month after FLURRY Finance closed a $3 million funding round from investors including AU21 Capital, GenBlock Capital, CoinUnited.io, One Block, Soul Capital, and Dutch Crypto Investors.
After the successful launch of the FLURRY testnet in July, FLURRY Finance is slated to make its IDO on the Cardano-based launchpad, CardStarter, for members of the crypto community who want to hold the platform’s governance token, $FLURRY. The token will allow holders to vote on plans to add or remove new yield farming strategies and assign risk factors to active schemes. Over time, the FLURRY protocol’s governance will be wholly controlled by $FLURRY token holders.
FLURRY Finance is planning a full product launch in Q3 2021.
For more information, please visit FLURRY Finance’s website or contact Alison Cheng, Digital Marketing Executive, at [email protected].
About Kyber
Kyber Network aims to deliver a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources to provide the best rates to takers such as Dapps, aggregators, DeFi platforms, and retail users.
Anyone can contribute liquidity to Kyber Network and Dapps can integrate different protocols depending on their liquidity needs. Using Kyber, developers can build innovative applications, including instant token swap services, ERC20 payment flows, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber is powering more than 100 integrated projects and has facilitated over US$5 billion worth of transactions since its inception.
About Flurry Finance
Flurry Finance was launched to make the DeFi user experience as convenient as possible and improve the usability of DeFi products. Flurry issues rhoTokens that are pegged 1:1 to their underlying stablecoin. rhoTokens are cross-chain interoperable, stable, flexible, and generate profits for users. The Flurry protocol is designed to work across chains and present the optimal fee-adjusted returns for users, automating the tedious task of switching in and out of DeFi products on different chains.
Website: https://flurry.finance 
Telegram: https://t.me/FLURRYFinance_Official 
Telegram News Channel: https://t.me/FLURRYFinance_News 
Twitter: https://twitter.com/FLURRYFi 
Medium: https://medium.com/@FLURRYFi 
Contacts

BAP Token Provides Easy Access to Cryptocurrency via Global ATMs

0
BAP Token Provides Easy Access to Cryptocurrency via Global ATMs

BAP token has created a token that pays token holders a 10% dividend from ATM fees

 SAN DIEGO, September 1, 2021 – Bitcoin ATM Pros has launched their BAP token, which is easily accessible and earns holders a portion of 10% of the dividends from their ATM fees. The BAP ATMs, which they plan to expand globally, offer both a buy and sell option. With this ecosystem, BAP token is on a mission to provide easy access to cryptocurrency to as many individuals as possible around the globe.

Many cities, communities, countries and entire nations around the world do not have reliable banking systems or even a legitimate currency structure. BAP is determined to solve this problem using their own cryptocurrency.

“Our multiple-utility token not only gives people access to a reliable currency system, but also helps them to earn a generous return from their initial investment,” says Bitcoin ATM Pros founder Michael Cuillard. “On average, our ATMs generate a minimum of $50,000 each in annual fees. This means that by the time we place our 600th ATM, we will generate over $30,000,000 in profits annually. Of that amount, $3,000,000 would go back to token holders in form of additional BAP tokens.”

During the current pre-sale, BAP tokens are selling at $0.05 – a 91.38%discount on the eventual price of $0.58. BAP token currently has a total supply of 750,000,000 BAP, of which 70% have been reserved for buyers. Once all the tokens have been distributed, investors will be paid in ETH. With this dividend payout structure, early investors can maximize their wealth and overall prosperity in the crypto space.

BAP token will use funds from the initial sales of the token to directly fund the expansion of their ATMs and over-the-counter exchanges. At the moment, there are 10 initial investment tiers, with the final tier reaching a token price of $0.58. Once BAP token sells 180,058,211 tokens, they will launch their token through their own token exchange www.coinpros.com and place at least 110 ATMs worldwide. With time, BAP token plans to expand to every area that is underserved in the category of digital asset availability. In this way, the sale of BAP tokens will help fund continuous growth of the system.

Bitcoin ATM Pros is committed to creating financial freedom for everyone. The infrastructure they’ve built is designed to take the liberty offered by cryptocurrency to all the ends of the world. With this ecosystem, BAP is helping the financially underprivileged to easily access reliable money transmitting services.

 About Bitcoin ATM Pros

Bitcoin ATM Pros has launched BAP token – a multiple-utility token that earns holders a 10% dividend from their crypto ATM fees. Since BAP token has MSB licensing and is a money transmitter through FinCEN, BAP ATMs offer both a buy and sell option. With their cryptocurrency, Bitcoin ATM Pros aims to provide the financially underprivileged with easily accessible money transmitting services.

Website: https://www.baptoken.com/

Facebook: https://web.facebook.com/BitcoinATMProsOFFICIAL

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

Medium: https://bitcoinatmpros.medium.com/

Twitter: https://twitter.com/BitcoinATMpros

Email: [email protected]

Phone: 858-444-7222

###



Post Views:
36

Kine Protocol Migrates Cross-Chain Derivatives Trading Platform to Polygon

0
Kine Protocol Migrates Cross-Chain Derivatives Trading Platform to Polygon

DUBAI, UAE / ACCESSWIRE / August 31, 2021 / Polygon, an Ethereum-based full-stack scaling solution bringing mass adoption to the ethereum platform, today announces that Kine Protocol, a decentralized protocol that establishes general-purpose liquidity pools backed by a customizable portfolio of digital assets, will launch its cross-chain derivatives trading platform on Polygon.
Polygon’s high-speed and low-gas infrastructure makes Kine’s features – including staking, minting, burning, rewards, and liquidity farming – faster than ever, thus facilitating a seamless derivatives trading experience for tens of thousands of users at once.
With Polygon, users can also use top DeFi bluechip Dapps, including Sushiswap, Curve, Aave, and Balancer, at a low cost.
Polygon has become one of the most popular Ethereum scaling solutions due to its high speed, low transaction cost, and network composability. In the past month alone, Polygon’s daily transactions increased from 1.5 million to 7.5 million according to PolygonScan – 5x the daily transaction volume of Ethereum. Despite the Polygon network facilitating more transactions than Ethereum over the past two months, Polygon users spent just $12,000 on transaction fees per day, compared to the nearly $4 million spent by Ethereum traders. As a result, the Polygon network currently hosts more than 350 projects and counting.
Kine Protocol’s launch supports Polygon’s mission to help DeFi Dapps integrate with other Dapps and create the best composability out of any ecosystem outside of the Ethereum main chain.
Sandeep Nailwal, Co-Founder of Polygon, said: “The launch of Kine Protocol is yet another example of the world’s brightest blockchain developers choosing Polygon as the foundation for their innovations. We’re excited to facilitate frictionless experiences so users can experience the future of derivatives trading on Kine Protocol.”
Lei, CEO and Founder at Kine added: “We look forward to growing the Kine Protocol community through Polygon and supporting Polygon’s mission to bring blockchain infrastructure to the masses.”
Polygon’s ethereum scaling solutions also boast over 6MN+ daily transactions, and have facilitated more than 560 million transactions.
Since April this year, Polygon’s Total Value Locked (TVL) – a metric that denotes market share and growth – grew from $1 billion to nearly $11 billion. The expanding market share of Polygon illustrates the rising demand for Dapps on faster and cheaper blockchain solutions.
About Kine Protocol
Kine is a decentralized protocol that establishes general-purpose liquidity pools backed by a customizable portfolio of digital assets. The liquidity pool allows traders to open and close derivatives positions according to trusted price feeds, avoiding the need of counterparties. Kine lifts the restriction on existing peer-to-pool trading protocols by expanding the collateral space to any Ethereum-based assets and allowing third-party liquidation.
Website | Discord | Telegram | Twitter | Medium
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
Website | Twitter | Ecosystem Twitter | Studios Twitter | Reddit | Discord | Telegram | Instagram
For more information, please contact:
Pr contact: [email protected]
Pedro Park
Cryptoland PR | http://cryptolandpr.com/
[email protected]
[email protected]

DeFi and CeFi Full Aggregator OpenOcean Integrates Avalanche to Expand Liquidity and Optimize Trading

0
DeFi and CeFi Full Aggregator OpenOcean Integrates Avalanche to Expand Liquidity and Optimize Trading

Road Town, BVI, 30th August, 2021, Chainwire
OpenOcean, the world’s leading DeFi and CeFi full aggregator, is excited to announce that it is now live on Avalanche, a highly scalable and open-source platform for launching DeFi applications and multi-functional blockchains.
The Avalanche integration enables OpenOcean users to take advantage of best prices with low slippage when swapping different assets. OpenOcean users also get access to liquidity on Avalanche DEXs such as Pangolin and Trader Joe. 
The additional liquidity will further help reduce trading costs for users because OpenOcean’s intelligent routing system will have more options to choose from. 
Since its launch in September 2020, OpenOcean has processed more than 970,000 transactions worth $2.1 billion USDT in cumulative transaction volume. It boasts more than 270,000 active unique addresses.
Commenting on the Avalanche integration, OpenOcean co-founder Cindy said: “After over 10,000 of our OpenOcean community voted for an Avalanche aggregation, we listened. Given Avalanche’s highly-esteemed reputation within DeFi circles and high-quality protocol, this integration was a no-brainer for OpenOcean. The Avalanche protocol and community stay true to the core values of DeFi. This partnership can help fulfill our vision to integrate DeFi’s most useful and most secured ecosystems.”
Avalanche is one of the fastest growing blockchain ecosystems with more than 225 projects built on the platform, including Chainlink, SushiSwap, Circle, and The Graph. 
Avalanche launched the Avalanche Bridge (AB) last week, enabling users to transfer select ERC-20 tokens between Avalanche and Ethereum. OpenOcean supports the Avalanche Bridge, and allows its users to trade Avalanche’s native token AVAX at the best possible price.
In the coming weeks, OpenOcean plans to release cross-chain aggregations that help users swap and transfer assets across Avalanche and Ethereum at the best price with low slippage via the Avalanche Bridge.
About OpenOcean
OpenOcean is the world’s first DeFi & CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and low slippage for traders across centralized and decentralized exchanges with no additional fees. As a one-stop trading entrance, we have aggregated major DEXes across public chains including Ethereum & Layer 2, Binance Smart Chain, Avalanche, Polygon, Solana, HECO, TRON, Ontology, and CEX (Binance). OpenOcean will continue to support cross-chain swaps via bridges and cross-chain protocols, and aggregate more DeFi & CeFi products and launch intelligent management services.
For more information, please visit: https://blog.openocean.finance/
Stay tuned:  Website | Twitter | Discord | Telegram | Telegram Announcements
About Avalanche
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
Stay tuned: Website | Twitter | Discord | Telegram | Reddit | YouTube
Contacts

Why DeFi Yield Protocol DYP has the potential to 1.000x

0
Why DeFi Yield Protocol DYP has the potential to 1.000x

In some ways, crypto is quite similar to the gold rushes that periodically gripped the world between the 17th and 20th century. The discovery of gold at Sutter’s Mill in 1848 resulted in the influx of over 300.000 migrants to California. But gold mining was hard work, and just the trip to California cost many fortune seekers their lives.

Luckily, nowadays we don’t have to leave our homes to find our fortunes. Though regulations differ from country to country, crypto is available worldwide. But where individual miners used to search with a gold pan, crypto investors now have to delve through over 11.000 cryptocurrencies and tokens available in the market to find treasure. Finding a 1.000x gem in these conditions is rare, but CryptoBusy put in a lot of research, and in their video of August 14th named DeFi Yield Protocol (DYP), as their pick for a 1.000x.

DYP was not immune to the price actions of the broader market throughout this year. With Bitcoin going down from its $64,000 all-time high to $29,000 between April and June of this year, DYP also suffered dropping from it’s all-time-high of $5.20 to just over $0.24 a month ago. Trading at $0.3259 at the time of recording, CryptoBusy lauded DYP for their Anti-Manipulation feature. This feature is rarely seen in cryptos, but perhaps should be more widely adopted to stop whales from controlling the network. If the market widely adopts this innovative feature, DYP is set to reap the benefits.

While a 1.000x for most cryptos would be nearly impossible, a 1.000x would land DYP somewhere around the $3.6 billion market cap, which would “only” make it the 37th biggest crypto. Therefore, CryptoBusy concludes that for DYP, a 1.000x is definitely possible.

 

Indeed, since the release of the video not two weeks ago, DeFi Yield Protocol has seen a surge in price of nearly 150% to a local high of $0.79 as more people become aware of their innovative solutions. If CryptoBusy was right, however, that is nothing compared to a predicted price of over $300 per DYP at 1.000x.

As the current bull cycle continues, the DYP team isn’t just waiting for people to take notice. They have recently expanded to the Avalanche chain, are sponsoring multiple sporting events, and have introduced new features to their protocol such as the Buyback Program. For those who are only recently tipping their toes into the cryptowaters, DYP’s Teki Kola also frequently runs giveaways on Twitter, and the team has recently produced many beginner-friendly tutorials to get started on the DeFi Yield Protocol platform.

The DeFi Yield Protocol also managed to achieve some important numbers that clearly shows how undervalued it is right now:

– 8708 ETH, 6513 BNB, and 9264 AVAX worth $31,824,779 paid to the Liquidity providers; so, imagine that they managed to pay more than $31 Million dollars to its users and their Market Cap is only $8,141,223.

– $9,501,902 in liquidity across Uniswap, PancakeSwap and Pangolin (biggest DeFi exchanges from Ethereum, Binance Smart Chain and Avalanche); even their total liquidity is bigger than the current Market Cap.

– $12,172,946 locked in different pools across their farming, staking, and buyback pools.

All these numbers show how undervalued the DYP token is and why the well-known youtuber and crypto analyst made this price prediction. Another important factor that should be taken in consideration is their partners, they made integrations only with big platforms like Chainlink, Avalanche, Pangolin, and Coin98 Wallet. 

DYP is currently trading at $0.64 with a market cap of around $8.1 million, the current low price offers a perfect entry point for market participants looking to cash in on leading yield farming protocol.



Post Views:
72

$10 million Hunter plan to incubate ecological projects

0
$10 million Hunter plan to incubate ecological projects

Since the official launch of MDEX on January 19, 2021, with the support of more than 130+ high-quality partner projects, it has been running stably for more than half a year. During the operation period, the platform firmly upholds the principle of impartiality and openness of all information and sets the example in delivering secure, stable and continuous high growth.  As the world’s leading decentralized trading protocol, MDEX’s growth and expansion heavily rely on the construction and prosperity of the ecosystem.

In order to encourage community users to actively participate in MDEX community building, and further promote DAO governance, MDEX Foundation, as the main supporter and promoter of MDEX, officially announced the new ecological development program Hunter.

The Hunter program in total has a value of $10 million and will give priority to support projects that share MDEX’s philosophy. In particular, it will lend support to quality projects of Metaverse, DeFi, GameFi, NFT, etc. When selecting the funding subjects, the MDEX team will comprehensively consider the applicants’ overall competitiveness, such as on-chain performance, the community infrastructure, innovation and growth potential.

Ecological support for popular projects       

MDEX Foundation launches the brand new Hunter Program to continuously strengthen the business capabilities of the MDEX platform, provide financial support for high-quality projects, and assist project founders to enjoy richer ecological resources and thereby fundamentally promote the development of the entire DeFi ecosystem. In other words, the core objectives of MDEX Foundation are to support the development of blockchain and DeFi, as well as to expand MDEX ecology and manage MDEX resources. It thus features long-term significance for the entire blockchain industry.

The funding scope of MDEX Foundation is rather wide, including, including DeFi, GameFi, NFT, blockchain underlier, ecosystem components as well as other projects that contribute to the long-term development of the decentralized application ecosystem. For the projects who are selected for the funding, MDEX will share ecological resources, provide technical support, market operation resource, and security audit support, etc., to incubate projects in an all-around way.

The Hunter Program will support projects’ ecological development in the following ways: 

  1. Project parties can apply to MDEX, and if the application is approved, MDEX Foundation will inject $50,000 liquidity in the project’s asset pool directly.
  1. If the project selected has the TVL of $ 50 million for 7 consecutive days, MDEX Foundation will inject another $ 150,000 liquidity.
  1. After meeting the above two conditions, if the project’s liquidity exceeds $2 million, its transaction volume exceeds $3 million, and it provides liquidity mining rewards, MDEX will invest another $300,000 liquidity.

A global gathering place for high-quality projects 

In this ecological development Hunter plan, MDEX Foundation expects to attract global high-quality projects to join the ecological construction of the MDEX Foundation, promote a virtuous cycle of ecological development, and jointly realize the construction of a completely decentralized transaction protocol. To achieve these goals, MDEX will create a new business ecology that covers various application scenarios and is deploys on multiple public chains to lower the usage threshold and provide global users with more convenient, high-performance, low-cost and non-discriminatory financial services. In this way, it will realize the ultimate goal of fair pricing of assets, instant settlement of transactions and free value flow.

For more details about MDEX Foundation and Hunter Program, please check MDEX official website at mdex.The communities are cordially welcomed to recommend premium projects or if you are a project founder, self-recommendation is welcomed as well. Please contact us via the email [email protected]

Risk Alert: Projects selected for MDEX’s Hunter Program do not represent Mdex’s assessment or recognition of the investment value or safety of the project. Users need to independently assess the risk of investment and participation to avoid investment loss.



Post Views:
47

Deeper Network to Launch Much Awaited Mainnet With Access to New Basic Mining

0
Deeper Network to Launch Much Awaited Mainnet With Access to New Basic Mining

The brand new launch is an enormous step in an bold blockchain undertaking that goals to be a constructing block for Web3.zero

SANTA CLARA, CA / ACCESSWIRE / August 27, 2021 / Deeper Network will likely be launching its mainnet on August 28th at 6 p.m. UTC. Deeper community is the decentralized infrastructure that may lay the inspiration for Web3.zero. The mainnet launch will enable customers to entry a safer, extra non-public, and fairer web that mixes blockchain community safety and sharing economic system.
Deeper is a worldwide peer-to-peer community that may empower the customers of the net and pave the best way for the subsequent era of the web. The mainnet launch will coincide with the start of primary mining, permitting customers to earn DPR tokens for his or her contribution to the community.
Deeper Community customers will connect with a decentralised non-public community (DPN) through its revolutionary , The Deeper Connect. The Deeper Join, accessible on Amazon is a VPN good router plugged in between a person’s modem and server that provides its customers lifetime entry to Deeper Community’s decentralized VPN. With greater than 20,000 models offered, it permits customers to turn out to be a node operator in Deeper Community and empowers them to be each consumer and server, incomes mining rewards for contributing bandwidth to the community. Deeper is powered by AtomOS, the world’s first lock-free working system. As a result of person’s knowledge is distributed throughout a serverless community, it can’t be logged, leaked, hacked, or subpoenaed. This makes the Deeper Community one of the safe and fairest methods to transmit knowledge.
The power of Deeper Community will likely be within the bandwidth offered by its customers. For that cause, Deeper is launching with a beneficiant incentivisation program that may encourage contributors so as to add bandwidth to the community, making it extra sturdy. 60% of the whole DPR tokens have been reserved for mining rewards. By supplying bandwidth to the Deeper Community, customers can acquire entry to those tokens through three completely different ranges of mining, Genesis node mining, pro-mining and primary mining.
Upon the launch of Deeper’s mainnet, customers will likely be granted entry to primary mining. Though The Deeper Join was by no means supposed to operate as a mining system, Deeper has determined so as to add the mining function to additional promote the expansion of the community. Customers with a Deeper Join can apply to have the system added to Deeper Chain one month after mainnet launches. Alternatively, customers who’ve bought their system through Indiegogo or Stacksocial can start mining instantly by staking 1000 $DPR. Customers may even stake as much as 100,000 $DPR to additional elevate their credit score rating and enhance their mining rewards to 164 $DPR a day. Click on right here if you wish to discover out extra on Deeper Network’s basic mining rules and rewards.
Though staking DPR tokens is useful to a person’s credit score rating, the first technique of mining DPR tokens is to contribute bandwidth to the community. Contributing bandwidth will enable customers to develop their credit score rating organically as they add bandwidth to the community. For instance, a person sharing at the least 10 MB of uploaded bandwidth over two consecutive days will see their credit score rating develop by 1 credit score level. The incentivization that a person’s credit score rating offers will show to be essential to the event of Deeper as a very decentralized model of the net.
The enlargement of the Deeper Community will proceed because of a program of thrilling new developments that may add new options to the community effectively into subsequent yr. Firstly, Deeper will step by step open mining to different gadgets in an effort to observe the power community. This features a cellular app that may connect with the community that will likely be launched within the third quarter of this yr.
Earlier than the top of the yr, growth of an Ethereum to Deeper Chain cross-chain bridge will likely be accomplished. This can facilitate the resumption of liquidity staking for the DPR markets. The latest model of the Deeper Join, The Pico can even hit crowdfunding, following within the footsteps of earlier generations of the system which were on the middle of head-turning campaigns. Along with that, Deeper will launch the encrypted advertisements filter operate, permitting customers a brand new solution to monetize the Deeper Community, which will likely be optimized in look and performance.
About Deeper Community
Deeper Community is the decentralized and safe gateway to a extra democratic web. The undertaking goals to empower each family with a greater web expertise and turn out to be the de facto portal to Internet three.zero. Deeper Community’s flagship line, the Deeper Join, is the world’s first blockchain-powered gateway that allows customers to securely and privately browse the web freed from censorship.
Deeper Community is led by a workforce of seasoned business professionals whose backgrounds embrace Intel, Amazon, Palo Alto Networks, Fortinet, CoinMarketCap and Quantum. Their merchandise are offered on Amazon, Finest Purchase and Indiegogo and their very own web site with over 20,000 models already offered.
Website | Twitter | Telegram | Facebook | LinkedIn | Reddit
PR contact: [email protected]

Gravity Sport, a leading-edge NFT marketplace, becomes a second partner of Parma Calcio 1913

0
Gravity Sport, a leading-edge NFT marketplace, becomes a second partner of Parma Calcio 1913

Parma, Italy, 25th August, 2021,
Parma Calcio 1913 are delighted to announce a new partnership for the 2021/22 season. The Club has joined forces with Gravity Sport , who, starting from this evening’s match against Frosinone, will be a Second Partner on the shirts of the Men’s First Team.
Gravity Sport is a leading-edge NFT marketplace and sports entertainment blockchain technology business with offices both in the UAE and the UK.
Gravity Sport uses the authenticity of official rights and the power of global fandom communities to empower blockchain-based technologies. Experiences are official, highly secure and ready for scaling, innovative consumption and transacting high volumes in the real world.
Gravity Sport enables clubs, fans and communities to enjoy valuable moments. Allowing for the collection of digital NFT assets and trading in a state-of-the-art ecosystem, driving unique fandom connectivity and access to unrivalled never seen before official content.
Gravity Sport is passionate about making NFT accessible internationally. Connecting fans, communities and collectors through an exciting new use of technology.
Jaap Kalma, Managing Director – Corporate of Parma Calcio 1913, had the following to say on the agreement: “Today’s announcement provides further confirmation of the high interest that sponsors have in Parma Calcio: they recognise the value of our project and want to be part of it. Gravity Sport is an important company in the NFT sector, one which is growing exponentially. We are delighted to have such a high-calibre company at our side and on our shirts. We will take to the pitch together, game after game, to clinch the results that both they and we deserve.”
Stuart Gallacher, Founder at Gravity Sport, commented: “Gravity Sport is absolutely honoured to be signing as a Second Partner of Parma Calcio. It’s our belief that our values and ambitions are closely aligned with the historic football club. Success, passion, the potential to grow and creating history is our focus for Parma Calcio, with its fans, the city of Parma and the wider football community. We are excited to launch, innovate and succeed with such a dedicated forward thinking football club. It’s such an exciting platform launch for stakeholders, players, fans, media and the global audiences we are going to reach with this integrated partnership. We are the first global blockchain NFT marketplace to support an elite football club with a Jersey Partnership.”
About Gravity Sport
Gravity Sport is a leading edge NFT marketplace and sports entertainment blockchain business and the official NFT partner of Parma Calcio. 
Follow Gravity Sport on Instagam and Twitter:
https://www.instagram.com/gravitysportone/ 
https://twitter.com/gravitysportone 
Contacts