cryptonews

Klex Finance, the sophomore project to be incubated by Krew DeFi, has deployed its testnet ahead of an imminent mainnet launch. The testnet went live on August 2, with Klex Finance inviting community members to assist in putting the protocol through its paces. Klex aims to become the leading portfolio rebalancing platform on Klaytn.

Krew DeFi, an accelerator for web3 projects on Klaytn, is best known for KLAP, the lending platform. Market aggregator DefiLlama currently records the TVL of KLAP at $47 million.

According to the information provided to CQ, Klex Finance will have its own token scheduled to launch following the platform’s mainnet release. The team states that the KLEX token will be used to reward LPs on Klex Finance and can be used for governance, among other things. Although not confirmed, it is expected that initial LPs on Klex will be airdropped tokens proportionate to the liquidity they provide.

Speaking on the topic, the team says:

Klex Finance will naturally have its own token, which is expected to launch following the platform’s mainnet release. It will also utilize the aToken format popularized by Aave and then emulated by KLAP, with aUSDC, aDAI, and aUSDT pools being created, with each of these aTokens forming interest-bearing KLAP stablecoins.

There’s no confirmation of how long the testnet period will last, but it is expected that the Klex Finance platform will launch within a matter of weeks, giving Klaytn users a new way to execute swaps and earn yield.

“Decentralized finance has advanced in leaps and bounds on Klaytn in recent months, with a slew of new platforms launching that have extended its core functions,” say representatives of the team. “Users of the EVM network can now access the same primitives that are available on the likes of Ethereum and Avalanche. KlaySwap remains the leading DEX on the network, but the arrival of Klex will provide an alternative option for executing trades.”

Blockchain Futurist Conference, Canada’s largest blockchain and crypto event, returns to Rebel Entertainment Complex in Toronto from August 9-10, 2022. Presented by Untraceable Events, this year’s conference will feature the launch of UNNY, the Real Life Engagement Token. UNNY looks to disrupt the event landscape by tokenizing gamification, driving attendees to participate in specific actions and enhancing the overall event experience.

Untraceable Events has prioritized the attendee experience, and has brought innovative gamification features to all their events. At this year’s Futurist Conference, attendees will be able to accumulate points by completing over 1,000 unique challenges including: going to sponsor booths, attending speaking sessions, completing activations, and engaging in other areas of the event.

By accumulating points, attendees can receive UNNY, which can be exchanged at specific vendors and experiences across the event from food pop-ups, VIP tickets and helicopter rides.   Attendees can track their points on the Futurist Web App leaderboard, and compete for top prizes such as Front Row Tickets to Vitalik Buterin’s Presentation on August 10th, 2022.

UNNY is a concept years in the making, and is a culmination of the diverse ways Untraceable has set out to better the event experience. UNNY’s core function is to drive attendee actions in real life. Directing attendees to engage in specific actions can also improve people, profit, and planet, all the while rewarding people for engaging in activities that bring positive change. Attendees fulfilling actions like recycling and donating to charities will be rewarded with UNNY.

Flexa will be powering all onsite payments including food trucks, marketplace vendors, helicopter rides and all the UNNY Pop-up Stations. Earth Wallet, is educating and equipping attendees with the means use UNNY onsite. Earth Wallet’s  mission is to help shape our planet’s future with a crypto wallet that empowers individuals to support innovative climate initiatives.

“Events are a crucial component within the blockchain ecosystem, but most events are missing the importance of teaching the audience how to use cryptocurrency in the real world. With UNNY, we can demonstrate the advantages of how tokenization can improve events and the world for the better” said Tracy Leparulo, Untraceable CEO and founder. “In order to change the world, we must change events because life is just a series of events and UNNY can help create a positive world using the power of blockchain technology.”

Untraceable has partnered with over 75 sponsors for this year’s Futurist Conference, and the event is projected to attract over 6,000 attendees, making it the largest crypto event in Canadian history. The conference will be livestreamed to over 1 million viewers through CoinMarketCap. For tickets, visit https://www.futuristconference.com 

About Untraceable:
Untraceable is the first event management and marketing agency within the blockchain and cryptocurrency community in Canada. Founded in 2013 to help build and grow the crypto community, Untraceable provides a full suite of event marketing and advisory services. Untraceable specializes in designing cutting-edge events and marketing campaigns by seamlessly integrating crypto ticketing, event apps, token creation, and innovative tech solutions. Untraceable has organized hundreds of events from the first Bitcoin Expo in Canada to the first Ethereum hackathon, ETHWaterloo, Polycon, and Canada’s largest blockchain event, Futurist Conference.

About Tracy Leparulo:

Tracy Leparulo is a futurist and early advocate for growing the international blockchain and cryptocurrency community. Since 2013 she has been at the forefront of building communities for leading projects including Ethereum, Bitcoin, and Polymath. She is the founder of Untraceable, a Toronto-based event marketing and advisory company that works with leading blockchain companies to propel their brand through online and live marketing activations. For the last 9 years Tracy has organized dozens of the world’s leading blockchain conferences including Futurist, Canada’s largest blockchain event.

Disclaimer:

UNNY is a utility token used in exchange for goods and services at Untraceable events. UNNY is not an investment asset or currency.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Immersive Play-And-Earn MMORPG, Mummy.io announces collaboration with Polygon Studios, an ecosystem that hosts umpteen Web3 companies for lending dApps and decentralized exchanges to sports betting and play-to-earn games, NFTs and DAOs.

To scale the Mummy metaverse and allow its community to access various opportunities and future partnerships for digital assets, Mummy.io chose this collaboration. Through this, Mummy aims to introduce new NFT collections and in-game utility integrations to enhance players’ experience of the P&E game.

Along with this, Mummy.io also announced the launch of its first airdrop of Stelae NFTs – the 1st artefact of the Series of 3, releasing with the Demo Chapter 1: Battle of Ankhahur the Fallen in summer 2022. With this Mummy aims to encourage gamer’s and NFT collector’s community with special utilities and features.

Mummy.io told CQ that the NFTs will be minted on Polygon’s platform as that would benefit Mummy’s community with low gas fees, high speeds, and reduced latency. Furthermore, Mummy looks forward to utilizing the flexibility, sovereignty, and scalability offered by Polygon while ensuring interoperability, security, and structural benefits to a competitive standard.

Meanwhile, Mummy’s team spoke about the challenges they face while developing an MMORPG, as they are more complex than other video game genres. The team observed that these games require specialized software and secure integration of blockchain technology to be developed, it also takes a lot of time and resources.

With Polygon onboarding, the team is hoping to combat these challenges, also boost their go-to-market strategy and game development process. To look at the larger picture, with this collaboration, Mummy aims to reach the 3B gamers on planet Earth and bring the AAA gaming standards to the next level.

This collaboration is another addition to Polygon’s rapid-growing chain, as the number of dApps supported by the network has expanded to 19,000 with an increase of over 170% from January 2022. Interested users can connect their wallet on mummy.io to subscribe to play the 1st Demo Chapter 1: The Battle of the Ankhahur the Fallen and get the first Stela NFT.

Cardano metaverse project Cardalonia has partnered with play-to-earn game Readyplayerme to enable LONIA token holders to create custom avatars.

In detail, Cardalonia’s strategic partnership with Readyplayerme will enable LONIA token holders to create a custom Cardalonia avatar in readiness for deployment when the play-to-earn game becomes available. This applies to token holders who have an active LONIA token stake on the Cardalonia Vault and an associating Adahandle address.

For context, LONIA is the utility token of the Cardalonia metaverse. LONIA token holders will be able to stake their tokens to earn staking rewards and vote on governance proposals that will affect the Cardalonia ecosystem. They can also be eligible to become an ambassador once users’ stake key is shown on the staking leaderboard.

Cardalonia continues with the LONIA token pre-sale and has seen almost 60% of the pre-sale allocation filled with less than 20 days to the end of the pre-sale. According to the information provided to CoinQuora, the LONIA Token pre-sale is live for early adopters who would like to acquire the tokens at a discount to either stake them to receive 20% APY or to be able to join the Cardalonia Land NFT sale. Reportedly, the Cardalonia utility token has been listed on various centralized and decentralized exchanges after the token sale rounds.

Interested users can join the LONIA Token Presale at the fixed price of 1 ADA = 12 LONIA.

As widely known, Cardano is preparing for the much anticipated Vasil Hard Fork combinator event, which has been delayed for a few more weeks. This hard fork event is expected to create  an increase in speed and throughput for the Cardano Blockchain while also introducing new features on the 3rd generation POS blockchain.

With the increasing number of motivational fitness applications encouraging users to step away from screens and instead step outside and be active, Move&Earn AMAZY launched its mobile application for iOS and Android on August 4.

On August 3, AMAZY teased its community via social media that an update is coming for the platform, and fans have been speculating what the Move&Earn is referring to.

While some on Twitter are clamoring about a mainnet launch, AMAZY’s Telegram community is imploring the platform to launch its own app. With the app launch today, users would be able to easily download it.

This news comes on the heels of the launch of the AMAZY Marketplace, where users can buy, sell, and trade AMAZY NFT sneakers, earlier this week. Similar to other move-to-earn applications, sneaker NFTs are the assets needed by users to start earning. This was followed by an overview article published on Medium.

In an interview with Forbes just last month, AMAZY co-founder Artem Nikolaev said that their platform differs from other Move&Earn projects since it works on smart contracts and not on a server.

Our in-game assets are stored on the stable blockchain with low commission fees (BSC) and not in an internal game wallet that in fact the developers only might own, Nikolaev said.

At the time, Nikolaev also teased that their team, including 50 Azur Games employees, is working on growing the app to the metaverse, which they will call the AMAZY Realverse.

Meanwhile, co-founder Sergey Kosenko is working with Tier 1 celebrities and bloggers in growing the AMAZY brand. Kosenko is an influencer himself, with 5.9 million followers on Instagram.

On July 22, the platform’s governance token, AZY, was listed on major exchanges, including OKX, ByBit, PancakeSwap, MEXC Global, and Gate.io. The trading volume for the crypto exceeded 10,000,000 within the first 30 minutes after the listing.

Philcoin has announced a new coin staking program for global crypto users to earn attractive interest while lending a hand to their favorite projects through donations. Philcoin  is a philanthropic blockchain movement supporting the 17 Sustainable Development Goals (SDGs) of the United Nations.

In a recent blog post, Philcoin said their staking mechanism is purposefully designed to create wealth for everyone. The team claimed that unlike typical cryptocurrency staking methods other projects apply, the Philcoin system will function more like the better understood and popular traditional savings or fixed deposit accounts.

Generally, staking allows token holders to lock up their digital assets for a period of time when they earn a given percentage as interest. Interest earned can be fixed as in Annual Percentage Rate (APR) or compounding using Annual Percentage Yield (APY).

Users who stake Philcoin’s native BEP-20 token, PHL, will receive an interest of 15% APR on top of the principal amount initially locked up. Users must download and install the Philcoin mobile app (PHILApp) to participate. After that, they are required to purchase PHL from supported exchanges like MEXC Global or PancakeSwap.

A notable difference from other staking protocols is that stakers will earn the 15% APR as interest. Because the project leans toward philanthropy and creating wealth for everyone, stakers will keep half their staking rewards and donate the remainder to a charity of their choice.

All donations will be made straight from the PHILApp, an all-in-one solution offering a range of services, including the Internet of Things (IoT), social media, education, and more. As designed, PHILApp acts as a products and services portal where end users are rewarded with PHL.

The project has also clarified that staking will be calculated expressly depending on the number of PHL tokens and not its secondary price on exchanges. Therefore, considering the fluctuation of crypto prices, the value of PHL tokens will, as expected, change. However, the number of tokens will remain constant depending on purchasing time.

Currently, as the markets bottom up after a biting bear market that saw asset prices collapse by over 90% from 2021 peaks, users are looking for safe investment options. Users who look to purchase PHL and stake stand to earn extra coins through which they can donate and also benefit from possible capital gains.

Stakers who purchase PHL via the exchanges at the depth of the bear market could, on maturity, more than quadruple their gains, making a decent profit. Philcoin sees staking as an opportunity for users to take charge of their finances while changing how they give back to the community.

MEXC Global, the digital asset and crypto trading platform, has introduced an MX/USDT perpetual trading pair and will be supporting 1-20x purchasing power for long and short two-way trades. This should contribute to the expansion of MX Futures while bringing the MEXC ecosystem to the next level for individual and institutional traders.

MX Token ($MX) is the native token of the MEXC ecosystem. Holders of this crypto token can pay their trading fees at an affordable rate, and take part in Launchpad, Kickstarter, M-day, and other events to engage with various partner initiatives, while also serving as proof of the MEXC community’s interests. This initiative also encourages clients to actively participate in community governance – which includes voting and other activities.

MEXC Global supports perpetual trading of over 200 virtual currencies, such as Bitcoin (BTC), Ethereum (ETH), MX tokens, Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Polkadot (DOT), Cosmos (ATOM), Avalanche (AVAX), Solana (SOL), and Polygon (MATIC), covering public (or permissionless) chains, cross-chain platforms, DeFi, GameFi, Metaverse, DAO, and other sub-sectors.

MEXC Futures claims it has several years of “first-mover” technical experience and certain product advantages when it comes to system stability, trading mechanisms, “fundamental” transaction depth, risk control, liquidity, and customer experience.

In terms of overall stability and strategy, MEXC is focused on remaining competitive. MEXC’s futures trading system has reportedly been implemented by an experienced technical team. With regular upgrades, the platform avoids downtime, even when experiencing extreme trading volumes.

MEXC Futures further claims that it offers the “most tradable” derivative trading products. The platform continues to list new tokens and specializes in futures trading for institutional and individual traders.

After the MX Token 2.0 proposal was introduced in December 2021, the token has performed relatively well in the crypto markets. With the ongoing expansion of MEXC Global and support from the MX community, the MX token is expected to serve a vital role within the MEXC ecosystem.

Launched in April 2018, MEXC Global is a crypto-asset trading platform with more than 7 million users. The exchange offers spot, margin, leveraged ETFs, derivatives trading, and staking services.

In June 2022, MEXC Global announced that it had taken steps toward streamlining the process of cryptocurrency purchases by providing investors in 180 different countries the ability to acquire digital currencies with their Visa or Mastercard. Visa and Mastercard plan to provide competitive fees to new and experienced investors, thus helping to ease the initial capital requirements.

Investors may purchase as much as $5,000 worth of crypto-assets via a single transaction.

In March 2022, MEXC Global established a $150 million ecosystem fund, along with Bybit to support the ongoing growth of Fetch.ai, an AI lab focused on developing an open-access and decentralized machine learning network for “smart” infrastructure.

The Fetch.ai network is developing its ecosystem to be a major public chain for software developers so they can build upon it and support innovative business solutions.

WoodCoin Foundation, a decentralized, minable (PoW) public ledger with a logarithmically growing money supply, has announced that its WoodLandEco app, an initiative to get more people involved in sustainability efforts, will be released to the public soon.

The team behind WoodLandEco revealed that the application is currently in its beta testing phase and will launch once it is ready on an undisclosed date. Notably, the project aims to attract users to contribute to nature-friendly activities such as planting trees. The participants will also receive awards for their involvement in protecting the environment.

Initially, WoodCoin Foundation envisioned building an eco-campaign that leverages modern technology for sustainability efforts. The team acknowledges the predictions of scientists that humanity will face an ecological catastrophe by 2050.

In a release, WoodCoin Foundation remarked:

The raging wildfires in Australia, which have already covered more than 18 million hectares, water pollution by petroleum products — all of this is detrimental to the environment.

It is in this context that WoodLandEco switches on the torch to protect nature with community-engaging eco-friendly activities using blockchain technology. The project basically focuses on a sustainable life in this modern world.

Talking about the WoodLandEco app, users would need to download the platform and choose the type of tree they want to plant. Each tree has its own properties and amount of oxygen production. After choosing a tree, users can connect their tree through a unique QR code and take care of the tree. The more the tree produces oxygen, the more the users get dividends.

The WoodLandEco team said they are in the process of attracting large eco-funds to its activities and anticipate that the scale of the program will be large.

To know more details about the WoodLandEco project, visit their website at Telegram.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

The Securities and Exchange Commission (SEC) of the United States has charged 11 individuals for creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that operated in 2020.

This update came in a court document on August 1, 2022, where the US regulator filed a seven-count charge on the founders of the Forsage scheme, who raised over $300 million from retail investors worldwide.

In January 2020, founders Vladimir Okhotnikov, Jane Doe, Mikhail Sergeev, and Sergey Maslakov created, operated, and maintained the online pyramid Forsage.io, allowing millions of retail investors in the US and elsewhere to enter into transactions via smart contracts that operated on the Ethereum, Tron, and Binance blockchains.

Facing the SEC charges alongside the four founders are three US-based promoters engaged by the founders to endorse Forsage on its website and social media platforms and several members of the so-called Crypto Crusaders, the largest promotional group for the scheme.

By the typical pyramid scheme operation, Forsage allegedly used assets from new investors to pay earlier investors. It carried on for more than two years, defying two cease-and-desist orders against it in September 2020 by the SEC of the Philippines and the Montana Commissioner of Securities and Insurance in March 2021.

Part of the SEC’s complaint was that the founders “raised funds from retail investors via unregistered offer and sale of securities” and, in connection, “defrauded investors and further engaged in practices that operated as a fraud or deceit upon those investors.”

The case is currently in the United States District Court for the northern district of Illinois Eastern division.

While the crypto markets remain in a period of extended bearishness, where Ethereum (ETH) and Binance Coin (BNB) potentially find a bottom, several projects are still performing well. One such project is Uniglo.io (GLO), currently in its first presale phase, priced at $0.0125.

The project has already gained significant interest from the crypto community and is well on its way to achieving its fundraising goals. If it is successful, the platform could offer a much-needed solution for crypto users struggling to access traditional financial services.

How Does Uniglo.io (GLO) Perform Well During Bear Market?

A few factors drive the success of Uniglo.io (GLO). Uniglo.io has built a strong community around the project. After all, it is a decentralized Autonomous Organization protocol. This implies that Uniglo will subject the community to a vote on all decisions relating to purchases, sales, token burning, and other crucial project operations. The team is highly active on social media and constantly engages with users to get feedback and improve the platform. This community involvement has resulted in strong word-of-mouth marketing for the project.

Additionally, two unique burning features look attractive to the investors as they have seen the outcomes of inflation. Uniglo is designed to remain deflationary by constantly limiting supply. Uniglo.io has a low total supply of just 218,750,000 $GLO tokens. This creates scarcity and could increase demand for the token as the platform’s adoption grows. With a strong use case, active community, and low total supply, Uniglo.io (GLO) is well-positioned for continued success in the cryptocurrency market.

Ethereum (ETH) and Binance Coin (BNB) Show signs of finding a bottom

The sell-off in the crypto market has been brutal over the past few weeks. Ethereum (ETH) and Binance Coin (BNB) have both been hit hard, with ETH falling from a high of $3,400 to a low of $1000 and BNB falling from a high of $400 to a low of $200.

However, ETH and BNB seem to be finding stability around these levels, indicating that a bottom may be forming. For ETH, the critical level to watch is $1,400. This fundamental support level has been tested over the past few weeks. So far, each time ETH has fallen to this level, it has found buyers and rebounded. This indicates strong demand for ETH at these levels, and if the selling pressure abates, ETH could stage a recovery.

For BNB, the critical level to watch is $300. This is the level where BNB found buyers in late March, and since then, BNB has been slowly moving higher. If BNB can hold above $$300, it could be poised for a move back towards $400.

This most recent surge comes after a clear break from the resistance around $267, which has changed into support at the time of this article. The market seems to be back in favor of buyers, and if this trend continues, BNB might hit overbought levels on the RSI indicator.

Expect BNB to test the important resistance level of $300 in the next few days, where bears may reappear to take a position and halt the current surge. At the time of this article, the indications for BNB are still leaning bullish, making a continuation plausible.

Bottom Line

While the market remains volatile, ETH and BNB seem to find support at critical levels. This could signify that a bottom is forming and that a recovery could be in the cards. Meanwhile, awareness about Uniglo raises and the recent KYC-approval badge has given investors confidence to trust the team, resulting in 35% price growth.

Contact Details

Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Singapore, Singapore, 2nd August, 2022, Chainwire

APENFT Foundation announces that the second call of its $100 million Art Dream Fund will launch on August 1st, and registration will close on October 30th. The theme for this year’s call is “Post-Human Era.” This theme seeks to explore whether the future of humanity can transcend traditional self-centered humanism and how people should position themselves in a complex ecosystem consisting of non-human animals, plants, and cyborgs. Winners will be eligible to win from a prize pool of over $100,000. In addition to prizes, creators will also enjoy the opportunity to build their art studios in The Sandbox, a metaverse set to launch by APENFT and TRON. Creators will also be able to get involved in annual online and offline exhibitions curated by APENFT, workshops, artist residencies, and other educational events. 

TRON x APENFT exhibition hall in The Sandbox

This call is open to creators of any age, nationality (not eligible for residents of UN- and OFAC-sanctioned countries or regions), and profession. It welcomes digital artworks submitted by individuals and teams in various mediums, including video, animation, virtual reality, augmented reality, sound art, and data-driven art, among others. 

“The most essential quality that distinguishes us from other calls is our core values—great inclusiveness and openness—which are also the values that govern the world of NFTs; here, every good work has a chance to be seen,” emphasized Sydney Xiong, Director of the APENFT Foundation. “We’ve always been committed to nurturing and supporting young artists and creators who are open-minded, daring, imaginative, and able to inject fresh vitality into the art sphere.”  

The same openness and inclusiveness permeate the review process of the Art Dream Fund. This year’s review panel comprises more than ten artists, curators, auction experts, art professionals, and financial practitioners. We can expect this diversity in panel selections to introduce opinions from diverse areas such as art, finance, technology, and design, allowing for a more comprehensive assessment of submissions. Expert juries include Philip Tinari (Director of UCCA Center for Contemporary Art), Jonathan Crockett (Chairman of Asia at Phillips), Josh Baer (Art advisor), Sylvain Levy (Renowned collector), and Conlan Rios (Founder of Async Art); the Nomination and Selection Panel includes Cheng Ran (Contemporary Artist), Laura Shao from Hive Center for Contemporary Art, Kenny Schachter (art writer), Ciara Sun (Co-founder of C² Ventures), Claire Huang (Async Art Advisor & Columnist), Mimi Nguyen (Lecturer at the University of the Arts London). Together with community members, the Nomination and Selection Panel will designate 50 contestants for the final based on their votes.

Themed on “Second Life,” last year’s open call received over 500 artworks, among which Infinite Falling by WMD Studio won the first prize, and submissions of Verdi Jackson, Kong, Allyn Belfred, and Chengcheng Shi won the innovation prizes. In January 2022, all winning artworks were sold at an auction event at the online exhibition co-hosted by APENFT and LiveArtX in Cryptovoxels. This year, on top of the three existing awards, APENFT teamed up with Async Art to set up the “Async Visual-Audio Award” for programmable art to encourage experimentation and innovation in interactive art forms. As Conlan Rios, Founder of Async Art, expressed, 

“Async Art provides tools for everyone to create visual-audio interactive NFTs, without the necessity of mastering coding and programming knowledge. Through Async Visual-Audio Award, we invite artists to join us to turn the existing concept of art on its head and pave the way for a whole new category of programmable media. This is just the start, but we believe these simple building blocks will open up a world of possibilities for the creators out there, and we are really excited to see the genius ways people might use it.” 

Participants will have the opportunity to attend the workshops co-organized by APENFT and Async Art and potentially receive Blueprints-based NFT airdrops. 

WMD Studio, Infinite Falling (2021), digital animation, source: WMD Studio

Another highlight of this year’s Art Dream Fund is that during the call and the selection, APENFT will co-host three online forums with ArtReview to discuss NFT discourse in the art world, the influence of the metaverse on art creation, and NFT collection and sponsorship. The dates and guests of the forums will be announced soon. Please stay tuned.

The open call of the 2022 Art Dream Fund has started, application will  close  on October 30th. For more registration details, please visit: artdreamfund.apenft.io. 

About Art Dream Fund

The Art Dream Fund was co-sponsored by H. E. Justin Sun, founder of TRON, and Sydney Xiong, Director of APENFT Foundation, in 2021. It aims to identify, nurture, and support quality NFT artists through the ＄100 million fund. Apart from the funding support for art creation, the Foundation will also advise award winners on marketing, publicity, copyright protection, and legal affairs. The winning artworks will be deployed permanently  onto the TRON blockchain as a TRC-721 token  as well as on the decentralized storage system BFTS. With the help of TRON and the APENFT Foundation, talented artists will stand a chance to take part in online and offline exhibitions, art fairs, auctions at home and abroad, collaborations with renowned international brands, and benefit from crossover marketing.

About APENFT

Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS). At the core of our mission, APENFT aims to facilitate the creator economy while catalyzing both financial and cultural inclusion in the metaverse. Our vision is to integrate both the virtual and the real worlds seamlessly. APENFT Foundation is the world’s first NFT art foundation that realizes crossover purchases. We aim to bridge conversations between stakeholders in the traditional art world and the digital art community emerging around NFTs, promote inclusiveness and diversity, broaden our multimedia audience, and increase all members’ engagement. In the future, our collection will be made available to the entire community through a series of curated online exhibitions in the metaverse.

APENFT Marketplace | Twitter | Telegram | Discord

About Async Art

Async Art is the premiere platform where users can create, collect, and sell generative art & music NFTs. Async breaks down the technology barrier many creators face and allows artists of all backgrounds to participate in the Web3 space. 

With our Async Canvas tool, users can create interactive, future-facing art and music without any coding knowledge. The platform provides streamlined solutions for audio and visual creators to make innovative NFTs, including 1/1s and an entire collection.. The platform encourages artists to experiment and push boundaries in the NFT space. 

About ArtReview

Founded in 1949, ArtReview is one of the world’s leading international contemporary art platforms. Aimed at both a specialist and a general audience, it is dedicated to expanding contemporary art’s reach, and tracing the ways it interacts with culture in general. It also provides the most intimate reading for contemporary art.

Contacts

• Miles Wang
• contact@apenft.io

The successful attraction of investments is one of the key factors contributing to the development and scaling of the business. Considering the ongoing period of economic turbulence, many enterprises in the real sector are facing specific problems on this path. The most obvious option — attracting borrowed bank funds — often turns out to be a rather risky tool since it imposes a financial liability burden on the borrower.

The lack of confidence in stable demand, caused by a slowdown in the economic development rates in many advanced countries, forces business owners to take an increasingly balanced approach to assess potential risks.

However, today’s speaker, Daria Novgorodkina, does not share the common pessimism. The company she speaks for, AgroGloryTime, is a Ukrainian major agriculture holding, which makes their business to be on the ground regarding the market perspective, considering the looming world food crisis. Realizing the growth opportunities and the high social responsibility entrusted to food producers, Novgorodkina, as the head of the enterprise, logically faced the challenge of production expansion.

Instead of applying for a bank loan, they’ve developed a tokenization model for their running $50 million business, which aims at direct funds attraction. Their native token, AGTI, not only serves as an investable asset but provides its holders with a guaranteed share in the company’s profits. Since AGTI is pegged to the company’s real assets, its investors receive quarterly payments in the amount of their participation share. And these payments, according to the AgroGloryTime economic model, provide a total return of at least 25% per annum.

Read the whole interview with Daria Novgorodkina below.

Q. Looking through the project documentation, I see there are no tokens dedicated to the team. How do you plan to earn in this case?

Let me start with the essential remark that AgroGloryTime is an already launched agricultural business that consistently generates income. At the time of issuing the AGTI token, our capitalization already exceeded $50 million. The company is officially incorporated at the location of its land assets in Ukraine, with its shares publicly circulating. As AGTI is backed with a fixed equivalent of company shares, we guarantee its holders to receive their part of AgroGloryTime profits.

Q. Where does your part of the profit come from?

We, as the owners of the enterprise, receive 100% of the income from its products. According to our model, which is described on our website, we are ready to direct up to 75% of the company’s profits to pay yield for token holders. And 25% still remain with us. However, after attracting sufficient funds, this part will exceed the company’s current turnover by a multiple in money terms. Therefore, this is a win-win case!

Q. Doesn’t this lead to the AGTI profitability decrease as you sell more tokens?

Absolutely, and we don’t make a secret of it. However, there’s a thing worth mentioning. As you remember, we attract finance for investments in business development. Recently, I explained in significant detail the wide range of promising projects we are working on. The thing is that by developing our production capabilities, we increase our productivity, and therefore, we earn more. Not only the number of beneficiaries is increasing but also the pie itself. And you can be sure that there will always be demand and distribution channels. Especially if you keep in mind the current situation in the global and domestic Ukrainian food market.

Q. How do you deliver the purchased tokens to their new holders since the smart contract has not been launched yet?

Yes, that’s true. We are currently running a pre-sale stage. In August, we are releasing a major update, and the tokens will appear in the personal accounts of buyers, so they could get all sufficient information on their allocation, profit, and so on there. As soon as there is a contract, we will transfer AGTI to users’ wallets.

Q. But will there be payouts for tokens already at this stage?

Absolutely. Sales have already started and have been going on for several months, and the first dividends to those who purchased tokens before the end of July will be paid out in stablecoins in autumn. Further, the payouts will be made once a quarter.

Q. How soon can we expect AGTI to appear on CEX and DEX?

The vesting period will last for at least a year, I think. Until it becomes available on exchanges, the investors won’t be able to sell it. We will dedicate that time to working with the community, demonstrating the effectiveness of our model, and, surely, our business development. Finally, we will fulfill our obligations to pay dividends. And this, we hope, will be the strongest argument. After that, we will wait for a more optimistic situation in the crypto market and bring AGTI into the free float.

Q. How does the audience react to your project, given that it differs from most blockchain startups?

Great question. And you correctly noticed that AgroGloryTime has its own specifics. We are an offline company, and we focus on the development of our real, let’s say, analog business. Of course, while entering the crypto market with our own token, we strive to make the process of interaction with investors as transparent as possible. It is for this purpose that we are constantly working on the website and the upcoming AgroGloryTime DAO, which is also on our roadmap. Anyway, there are a lot of plans and tasks, and I am glad that we are on schedule.

Q. How do you interact with an international audience, and how important is it to you?

It is essential! That is why, choosing among all the fundraising tools, we settled on the blockchain-based one. In technical terms, we are ready to work and are already working with investors from all over the world as part of the pre-sale campaign. I would relatively divide our current audience into internal and global. And we strive to communicate and cover the interest of both these audiences on AgroGloryTime social media channels. In the first stage, quite a lot of Ukrainian investors supported us. This is not surprising because our enterprise is well known in the country. And the potential for agriculture in our region is almost unlimited. Therefore, as soon as such an opportunity appeared, the interest came. I feel we are on the right path.

StreamCoin, a blockchain company with an NFT and streaming-focused ecosystem, is celebrating its first anniversary by highlighting all its achieved milestones. Within a single year, the company was able to develop a complete set of products and services, providing many utilities for its users with a token listed on 115+ exchanges.

According to its blog, StreamCoin started on August 1, 2021. Its inception was by a team with a shared vision of blockchain’s potential in creating a space where creators, artists, and other users can interact freely from anywhere in the world.

After its seed funding, StreamCoin accelerated the development of its core products: the STRMNFT marketplace for video NFTs; the MeiTalk platform for video multi-streaming; and the Stream Chain network (Mainnet).

StreamCoin moved fast to prepare its ecosystem for global adoption, focusing on many aspects to make STRM — its primary token — accessible to everyone worldwide. To achieve this, the company built many partnerships with other blockchain firms, including Real Research, Metabase Network, Daoverse Capital, WeBlock, and most notably, TNC Group.

In late March, after nearly two months of starting its public sale (ICO), StreamCoin sponsored a platinum booth at the Dubai-based World Live Streamers Conference (WLSC) 2022. This crypto and metaverse-focused event gathered 30,000+ industry insiders, influencers, artists, and other attendees from around the globe.

At WLSC 2022, the company revealed the Alpha version of MeiTalk to the public along with the first preview of STRMNFT. After the public sale closed on April 30, it was able to achieve its soft cap by raising $11.7 million from individual participants along with another 200 million STRM corporate ICO participation from TNC Group.

During the first week of May, StreamCoin launched the STRM Staking portal with exclusive high-return plans for its participants. Furthermore, a swapping service called Stream Bridge was launched, making STRM compatible with four other blockchains.

The listing for STRM started a few days after. Over 100+ centralized and decentralized exchanges listed the token simultaneously, breaking an industry record and making STRM available to millions worldwide.

However, StreamCoin’s continued success did not stop after this large-scale listing. It moved on with its roadmap by launching STRMNFT with a zero-fee minting offer for early registrants.

Afterward, TNC Group opened the sale of its much anticipated Lady Ape Club (LAC) NFT collection on STRMNFT. All the available NFTs from this collection were sold out within four hours, totaling 9,000 units. This sale was considered a new record has rarely seen within the NFT atmosphere.

The company did not reveal much about its plans. Instead, it stated that the team is working on adding new features to STRMNFT so all artists, creators, and other users will be able to create and sell their own NFTs.

StreamCoin also announced that starting this August, it will begin burning 50% of the fees accumulated from its services every following month.

To learn more about StreamCoin, users can check its website or follow its social media channels to be up to date with future announcements from the company.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Singapore, Singapore, 2nd August, 2022, Chainwire

BinaryX, a leading P2E game development company, has released the official whitepaper for Rh!noX, a collection of 10,000 NFTs enabling holders to use their assets as avatars on various GameFi and DeFi applications on the BNB Chain.

The Rh!noX NFT series gets its inspiration from Soulbound items in the World of Warcraft game and aims to be the first-ever Soulbound Token on the BNB chain. Moreover, the collection links the holders’ NFTs to their interactions, thus developing them into unique assets. Above all, it provides them with numerous perks, such as access to beta tests for games, NFT whitelists, projects, new tokens on BNB Chain, and more. The team spent several months improving the project’s vision and roadmap, now available in a new and enhanced whitepaper. For the first time, readers can explore the full functionality of Web3.0 and understand the underlying mechanisms, possibilities, and features of Rh!noX. Here’s a short summary:

The Rh!noX Soulbound Token Analytic System

This feature will calculate the credit score of a wallet depending on its owned amounts and trading history. It works similarly to a credit card company’s standard credit calculation system. Simply put, it determines the perks a user is eligible for, depending on his creditworthiness.

The system will categorize Rh!noX owners into different tiers with distinct benefits. For example, members of the highest tier will enjoy more perks than those in the levels below, with the number and quality of perks decreasing with each tier.

A good credit score will reward NFT holders with numerous advantages, such as:

● VIP treatment

● Exclusive Airdrops

● Airdrops from different projects

● Closed-beta entry/Early access to DeFi project/Whitelist Slot

● Discounts on processing fee

● Unsecured Loan ($RUSD)

The latter is a loan that doesn’t require collateral. Also, the maximum amount a user can request depends on their credit rating. The initial fund for the unsecured loan will come from Rh!noX Treasury and represents the income from selling Rh!noX NFTs. Lastly, the loan amount will affect the interest rate and will be collected in $RUSD.

Trading Rh!noX NFTs will not impact the credit rating of their respective owners. Furthermore, the accumulated credit score is connected to an Rh!noX NFT and could be transferred to another user.

Multidimensional Behavior Analysis Model

The system has an in-built cohesive analysis model studying the NFT owner’s characteristics, personality, and reliability. To reach this conclusion, the system will consider the wallet’s address and interactions, such as:

● Trading History

● On-chain Behavior

● Project Preferences

● Asset Portfolio

● Liability Status

● Attended Campaigns & Events

● Airdrops History

Ultimately, this list will expand to include more factors without sacrificing the anonymity of web3.0 technology. Here is a use case of this analysis model.

Rh!Drop

With Rh!Drop, developers can target on-chain users depending on asset values, interests, trading styles, credit ratings, etc. This feature will be an on-chain airdrop targeting service and the primary tool for on-chain project developers. For example, they can use it to deliver airdrops to target receivers matching specific criteria. To better understand the idea, think about Google Ads. Google Ads distributes customized advertisements to selected users based on their past behaviors on the internet. 

The suitable ads will be served to the right target audience. Rh!noX works similarly. In simple terms, this does not only benefit project owners but also every user on Web3. Project owners & developers could improve their project awareness and expand their communities easily after identifying the right audience for their projects. At the same time, common users would enjoy the airdrops from different projects or even early information without having to do any additional tasks as long as their overall credibility and ‘personal profile’ are good.

Sociality of Rh!noX NFT

The project also comes with various social features, such as:

Social Identity

Rh!noX Official will verify the individuals’ background. Also, it will allow users to identify the other person’s trustability depending on the data the Soulbound Token collects. This way, future Web3.0 users can visit the profile of a wallet address and identify essential details, such as capital level, project preferences, active areas, trading style, etc. This tool also eliminates fake IDs, false claims over assets, and more. Its level of transparency will be accessible to everyone. For instance, if a user has more than 10,000 $BTC in a wallet, it will receive the “BTC Whale” title, which should tell developers everything they need to know about this individual.

Rh!neT

This feature will operate like a web3.0 networking platform, enabling users to check someone’s profile, social status, social network, send instant messages, etc. Its main goal is to help users connect and build a community on transparency, credibility, and high-quality identity.

About Rh!noX

Team Rh!noX has extensive experience in the blockchain industry, traditional game development, and game publishing (learn more about BinaryX). The core team members are from Silicon Valley and participated in the development of the early BNB Chain and Polkadot chain and have made outstanding contributions to the development of the industry.  

One thing worth mentioning is that before entering the blockchain industry, the team worked in the financial services industry, that’s providing loans, mortgages, and wealth management services for many years. Backed by this unique experience, Team Rh!noX fully understands every financial feature of NFT and lays a good foundation for the real-life application of Rh!noX NFT. Team Rh!noX holds a firm conviction that there is a huge and undiscovered space for what NFTs could become and that NFTs should have more than just showing artistic value and signaling wealth.

It was when the team couldn’t stop questioning themselves: What if NFTs could work as certificates? What if NFTs could represent one’s credibility? What if NFTs could work like a Digital Mastercard? What if Rh!noX could build the foundation of social relationships of trust? By solving these questions and putting these ideas together, a wider door will be opened to blockchains, and the ecosystem will become more than just about money, but trustable and fun to stay in. Despite the bearish market, the team believes it is the right time to develop and expand the project to benefit its users. To this end, they added new members and planned future collaborations with other projects to increase the practicality of the Rh!noX ecosystem and beyond. As a result, Rh!noX stands out from the growing crowd of NFT projects, which often lack utility and long-term sustainability. Rh!noX’s utilities aim to cover the entire Web3.0 in the future, not just on the BNB Chain, as it’s the only way to maximize the functionality of Soulbound NFT. 

Up to this day, Rh!noX has achieved the following achievements after its first auction sale:

Rh!nox: Sold out in Dutch Auction

• Sold out 10000 units at 9BNX in 4 hours

Rh!nox: Most-traded NFT Collections On Binance NFT Marketplace

• Listed in June and achieved $1.5m trade volume in the last 7D

For more information about Rh!noX visit: 

Website | Twitter | Medium | Discord

Contacts

• Chun B
• marketing@binaryx.pro

In 2021, the crypto sphere felt the tremors of the play-to-earn (P2E) non-fungible token (NFT) craze that swooped old and new investors with the idea that earning cryptocurrencies can be much more fun. The thought of potentially raking huge earnings from simply playing online games enticed users, regardless if they are gamers or not.

However, the play-to-earn model seems to be losing its touch following the huge success of Sky Mavis’ Axie Infinity. However, this loss of momentum didn’t stop other projects from further developing the concept — integrating it into a more rewarding real-life activity without spending too much time and effort strategizing and battling in P2E games. Cue in move-to-earn (M2E) applications.

The Success Behind M2E NFT Gaming

M2E apps incentivize users for their physical, real-life activities, rewarding them with cryptocurrencies. Such platforms have gained traction from users, with examples such as STEPN and Sweatcoin enjoying success.

While P2E games earned their right to gain popularity, one cannot deny how easy it is to play M2E platforms — users simply earn by doing what most people already do. Meanwhile, the technology boosts your fitness and health goals.

Notably, GMT, the governance token of STEPN, practically lives in CoinMarketCap’s list of trending cryptocurrencies. It reached its highest peak so far at $4.11 on April 28.

Venture capitalists betting big on M2E is also one of the factors that drive the craze behind the fairly new model. New player Kikit, a Liberty Gaming-powered football M2E, is backed by multiple partners, including Synergia Capital, Maitri Capital, and Skylaunch.

According to Liberty Gaming, the project is expanding its global partnerships outside the crypto industry, beginning with a deal with the Indonesian football club Persib Bandung in February. Liberty and Kikit disclosed that the VC is “close” to getting a deal done with a Premier League giant.

Growing Community & NFT Distribution

Similar to any budding platform, the M2E is attracting thousands of users. However, with this growth comes the possibility of entry getting more expensive.

In the case of STEPN, users have to purchase virtual sneakers to start earning. These sneakers are represented by an NFT, which costs at least 1.6 SOL, or $70, at the time of writing. As these M2E apps grow, the price for entry into the M2E increases.

This spurred such apps to introduce the guild and scholarship programs. Guilds provide scholarships to players as a rewards-sharing model, where the guild acquires NFTs and rents them to new players. These players can use the platform and start earning without having to spend any money.

Numerous guilds have started forming left and right, with the likes of Kikit anticipating about 20% of its user base coming from rental accounts. Liberty Gaming said that they plan to issue an initial 100,000 accounts that will be distributed for rental.

There are around one million scholarship applicants globally, and we plan to satisfy this demand. Kikit will also bring scholar-specific gameplay features in addition to our account rental system.

Earning Potential

Although the GameFi concept may prove unsustainable, relying heavily on hype, one cannot deny its tremendous potential to accumulate lots of earnings for users.

Kikit aims to promote healthier living through the gamification and monetization of exercise. The platform noted that its key differentiator is the mix of value drivers that blends personal, social, material, and financial incentives. The Kikit team believes this will boost user retention and engagement levels, putting their app in a position to secure long-term sustainability.

Global Appeal

Experts have argued that gamers play to have fun and not earn. Furthermore, they posit that the attraction toward P2E mostly comes from less developed countries, where users play on such platforms for financial reasons. This limits the appeal of P2E to a wider audience. On the other hand, M2E is easily integrated into daily lives, with users rewarded without investing too much of their time.

Interestingly, Kikit has found a way to elevate the concept even further through mass adoption. Soon, it will launch different modes along with the football feature.

Being Creative; Onward Into the Future

Despite being in its nascent stage, the M2E sector is ripe for the taking. By combining exercise, earning, and the gamification of fitness apps, M2E can draw large numbers of users. In the future, more projects like Kikit, STEPN, and Sweatcoin will get introduced. They may have different services, but they would share the similar goal of making every drop of sweat worth the while.

San Diego, CA, 1st August, 2022, Chainwire

OPEN LOOT Ltd (OL) by BIG TIME Studios (LTD) is excited to announce one of our first partners, HIT FACTOR Ltd. (HF), as they unveil their newest game, War Park. War Park is a fast-paced action shooter filled with explosive multiplayer tank combat and is bound to surprise and delight our community. Join Hit Factor’s  War Park Discord, where their team will be on hand to answer any questions, chat about the project, and celebrate the launch of their Twitter and community channels!

HF is a game developer founded by seasoned industry veterans who have held key roles at Zynga, Kongregate, NCSOFT, and Riot Games, overseeing products and companies that have entertained tens of millions of players across the world and delivered over $1 billion in revenue.

HF is excited to announce they are currently working on War Park – Roll Out!. In War Park, players start by forming Armored Divisions, building tanks and gear together, and then heading into battle to fight with other players. In battle, players can work tactically together to combat enemy tanks, collect rewards, and use those rewards back at their Base of Operations.

On base, players can manufacture tanks using the Vehicle Assembly Building, and create powerful weapons and hybrid tank gear through the Base Development Lab. All of which can be stored in the Base Vault for other players to use in battle.

Players can participate in pitched battles of up to 64 tanks with a variety of tank classes such as Assault, Scout, Support, and Artillery. Using their Base, players can add on gear to customize their play styles. Players can participate with a minimum of 4 tanks per team in classic game modes such as Deathmatch, Capture The Flag, King of the Hill, Domination, and special PVE events.

HF aims to build collaborative experiences on the blockchain. With an extensive calendar of events such as Armored Conflict (Clan vs. Clan), weekly, monthly and quarterly tournaments, and server-wide World Wars, War Park has a  dynamic meta in its sights. The engine itself is proprietary and deterministic, allowing for additional game modes and eSports compatibility. Leveraging OL, they will be able to provide their players with ownership of assets within the game and are planning to announce their token strategy soon.

This is just a first glance at Open Loot partners, and we hope the community is as excited as we are!

About Hit Factor

Hit Factor is composed of industry veterans and lifelong gamers from across the mobile, PC, and console spaces. Fully utilizing its members’ decades of experience within the industry, and a “Games First” mentality, the Hit Factor team is excited to blend its experience in production, engineering, design, and community to deliver the best in community-driven multiplayer games empowering the imagination of our players and unlocking the creativity of the modern gamer.

Contacts

Chief Business Officer

• Matt Read
• Hit Factor
• pr@hitfactor.com

In 2021, the crypto sphere felt the tremors of the play-to-earn (P2E) non-fungible token (NFT) craze that swooped old and new investors with the idea that earning cryptocurrencies can be much more fun. The thought of potentially raking huge earnings from simply playing online games enticed users, regardless if they are gamers or not.

However, the play-to-earn model seems to be losing its touch following the huge success of Sky Mavis’ Axie Infinity. However, this loss of momentum didn’t stop other projects from further developing the concept — integrating it into a more rewarding real-life activity without spending too much time and effort strategizing and battling in P2E games. Cue in move-to-earn (M2E) applications.

The Success Behind M2E NFT Gaming

M2E apps incentivize users for their physical, real-life activities, rewarding them with cryptocurrencies. Such platforms have gained traction from users, with examples such as STEPN and Sweatcoin enjoying success.

While P2E games earned their right to gain popularity, one cannot deny how easy it is to play M2E platforms — users simply earn by doing what most people already do. Meanwhile, the technology boosts your fitness and health goals.

Notably, GMT, the governance token of STEPN, practically lives in CoinMarketCap’s list of trending cryptocurrencies. It reached its highest peak so far at $4.11 on April 28.

Venture capitalists betting big on M2E is also one of the factors that drive the craze behind the fairly new model. New player Kikit, a Liberty Gaming-powered football M2E, is backed by multiple partners, including Synergia Capital, Maitri Capital, and Skylaunch.

According to Liberty Gaming, the project is expanding its global partnerships outside the crypto industry, beginning with a deal with the Indonesian football club Persib Bandung in February. Liberty and Kikit disclosed that the VC is “close” to getting a deal done with a Premier League giant.

Growing Community & NFT Distribution

Similar to any budding platform, the M2E is attracting thousands of users. However, with this growth comes the possibility of entry getting more expensive.

In the case of STEPN, users have to purchase virtual sneakers to start earning. These sneakers are represented by an NFT, which costs at least 1.6 SOL, or $70, at the time of writing. As these M2E apps grow, the price for entry into the M2E increases.

This spurred such apps to introduce the guild and scholarship programs. Guilds provide scholarships to players as a rewards-sharing model, where the guild acquires NFTs and rents them to new players. These players can use the platform and start earning without having to spend any money.

Numerous guilds have started forming left and right, with the likes of Kikit anticipating about 20% of its user base coming from rental accounts. Liberty Gaming said that they plan to issue an initial 100,000 accounts that will be distributed for rental.

There are around one million scholarship applicants globally, and we plan to satisfy this demand. Kikit will also bring scholar-specific gameplay features in addition to our account rental system.

Earning Potential

Although the GameFi concept may prove unsustainable, relying heavily on hype, one cannot deny its tremendous potential to accumulate lots of earnings for users.

Kikit aims to promote healthier living through the gamification and monetization of exercise. The platform noted that its key differentiator is the mix of value drivers that blends personal, social, material, and financial incentives. The Kikit team believes this will boost user retention and engagement levels, putting their app in a position to secure long-term sustainability.

Global Appeal

Experts have argued that gamers play to have fun and not earn. Furthermore, they posit that the attraction toward P2E mostly comes from less developed countries, where users play on such platforms for financial reasons. This limits the appeal of P2E to a wider audience. On the other hand, M2E is easily integrated into daily lives, with users rewarded without investing too much of their time.

Interestingly, Kikit has found a way to elevate the concept even further through mass adoption. Soon, it will launch different modes along with the football feature.

Being Creative; Onward Into the Future

Despite being in its nascent stage, the M2E sector is ripe for the taking. By combining exercise, earning, and the gamification of fitness apps, M2E can draw large numbers of users. In the future, more projects like Kikit, STEPN, and Sweatcoin will get introduced. They may have different services, but they would share the similar goal of making every drop of sweat worth the while.

Sofia, Bulgaria, 1st August, 2022, Chainwire

DeFi project ChangeX has successfully launched its CHANGE token for trading on HydraDEX and Uniswap to strong investor interest, company officials said. The app supports several trading pairs in order to offer a broader range of possibilities to investors, BTC and ETH cross-chain swaps included.

The CHANGE token launch comes after ChangeX successfully completed their ICO, defying bear market sentiment. The ICO resulted in close to $2M proceeds which will fund the company’s operations for at least 24 months, providing a solid financial starting point despite gloomy market conditions.

CHANGE was introduced to the app on July 19 together with in-app staking and compounding of rewards, paid out in CHANGE. The staking APR on release day was in the 500% range without including compounding of staking rewards, which naturally made for a four-digit yield. The launch was met with strong demand, and in less than 24 hours 13.2 million tokens were sold on HydraDEX alone, while a total of 11.5 million were staked. Additionally, 1,87 million tokens were sold on Uniswap.

“ChangeX is entering a very exciting stage and we’re very happy with the numbers. We’ve got the app up and running, the token is online and we’ve reached a very important milestone with staking now available.”, said ChangeX CEO Nikifor Iliev. “We aimed for a timely release according to our roadmap, and our developers have been working round the clock in order to reach deadlines and provide the beta version of the app to the community. All this was achieved in less than 6 months, and we’re all very proud of it.”, added Mr. Iliev.

Both iterations of the token have surged in the days following the project’s launch, disregarding bearish market conditions, which can be an indicator of the project’s integrity and the strength of its community.

“CHANGE and HYDRA are the essential building blocks of the future of ChangeX. All new features that we plan to add to the project will be built around them. A number of core functionalities will offer a myriad of possibilities that users can use to their advantage”, added Co-founder Gary Guerassimov. “All the additions we’ve planned for the future in our roadmap compliment each other and create an all-in-one app ecosystem that works on interoperability and simplicity. The end goal is a smooth and user-friendly app that offers unprecedented ease of access to DeFi, crypto, and traditional finance.”

Q3 2022 will see delegated HYDRA staking come to ChangeX, granting users access to full-blooded staking without the need to set up a node, but with all the benefits that normally come with it. The developer team is also focusing on setting up the foundations for ChangeX’s open lending market and flagship Leveraged Staking product, which will offer margin positions on multiple staked assets in the app, amplifying yield by a factor of 1.2-2x.

The other big thing for ChangeX is becoming an agent of an Electronic Money Institution (EMI) initially, and eventually obtaining its own license which will allow the company to issue IBANs to users, paving the way for the release of the ChangeX Crypto Debit Card. The card will work as standard bank cards do, allowing users to spend both crypto and fiat from within the app.

“If​ we assume that​ Revolut was a 1st generation digital asset application, ​and Crypto.com a​ potential​ 2nd generation application, then ChangeX is making an attempt to establish itself as a 3rd generation application ​by harnessing the powerful DeFi products and making them readily available to retail users”, HydraChain Co-founder Nikola Alexandrov added, outlining the vision for ChangeX’s future.

The ChangeX app is available on the Google Play Store for Android users and on the App Store for iOS.

About ChangeX

ChangeX is an all-in-one personal finance mobile app that merges traditional finance, crypto, and DeFi. ChangeX will offer users a personal bank account, access to multi-chain crypto, and high-APR DeFi tools such as Leveraged Staking, which could double the rewards on all staked assets. ChangeX’s focus falls on passive income and crypto empowerment, and the app will allow users to spend any in-app token on anything via its ChangeX Crypto Debit Card. Users will be able to lend their stablecoins, use locked and flexible staking, buy and pay with fiat, and swap crypto on multiple chains, with everything being accessible in a few simple clicks.

Follow the project on Twitter and Telegram for more information and regular updates.

The Team

ChangeX founders Nick Iliev and Gary Guerassimov have a rich history in developing successful crypto and fintech products, among them xChange.bg – Bulgaria’s leading crypto exchange. HydraChain and LockTrip co-founders Nikola Alexandrov and Hristo Tenchev are also on board, each bringing seven years of blockchain experience to the project. The project’s CTO Martin Kuvandzhiev is one of the core developers at Bitcoin Gold – a hard fork of the source Bitcoin code, which brought decentralization back to retail traders and made mining via common GPUs possible again.

The Advisers

ChangeX’s advisory board features industry experts from some of the biggest names in crypto, DeFi, and finance. SoftBank Vision Fund’s Neil Cunha-Gomes, whose crypto investments include Consensys and Elliptic, has been working alongside seasoned experts Dimiter Gurdjilov and Stefan Ivanov in outlining the company’s strategy and vision. Dimiter Gurdjilov has more than 15 years of investment banking, private equity and business development experience from Merrilll Lynch, JPMorgan, George Soros’ Bedminster Capital, NBGI Private Equity, and Challenger Capital Management. Stefan Ivanov has 25+ years of experience at Citibank, Banque Paribas, and Challenger Capital Management, and has also served as the CEO of Citibank in Bulgaria.

Contacts

Marketing and Communications Manager

• Dimitar Rahtaliev
• ChangeX
• dimitar@changex.io

The 10th edition of the world-renowned flagship Global Blockchain Congress by Agora Group is taking place on November 23^rd and 24^th 2022 in Dubai, the UAE.

This edition’s main themes are: Digital Assets’ Regulations in the GCC, Web3 Platforms, Metaverse, Gaming, & NFTs. With a great lineup of speakers promised.

The conference agenda will focus on the future development of digital assets and their effect on the GCC due to regulations. That will be discussed by regulators from the region in a panel to establish the legal framework for digital assets. Also the effect of NFTs on gaming and how artificial intelligence will help with the growth of NFTs.

The Global Blockchain Congress will feature more than 60 speakers, 150 investors, 30 sponsors, 20 media partners and more than 300 delegates.

The event is a closed door, exclusive congress that can be attended by invitation only. Agora will be hosting more than 150 investors and 30 Sponsors (Metaverse, Gaming, NFTs and DeFi projects looking to raise funds).

The past nine editions of the Global Blockchain Congress in the UAE and the first in SouthEast Asia (Vietnam) were a tremendous success as we were able to host more than 1000 investors and more than 250 blockchain startups and raise millions in funds for our participating projects.

Our experience with Agora was exceptional. Every promise exceeded, every opportunity to engage with the right funds exploited. But the real key was that it was all so well curated. Having done so many of these events I have never had such a high hit rate! Of the 22 funds we spoke to we had 20 with a strong fit. The dinner was a hit and the time we enjoyed in the Cleopatra Suite will create lifelong relationships.

Jay Moore, Prasaga – Co-Founder & Chief Collaboration O­fficer

For participation apply here

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.