Casey

Casey

I’m a Crypto author and Blockchain enthusiast. I have been writing about Bitcoin, Ethereum, and other Cryptocurrencies for over 5 years. My work has been featured in major publications such as Forbes, CoinDesk, and VentureBeat. I’m also a regular speaker at Blockchain conferences around the world.

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Acara Announces Launch of Liquidity Mining Reward Program, Potentially Sparking Industry Innovation Wave.

Acara’s two events, “Crypto Crazy Night” and “Crypto Connection Night,” held in the Asia-Pacific region, have sparked wide attention and discussion within the industry. These events attracted numerous participants from Tokyo and Seoul, and delivered an exciting announcement: Acara is set to launch a liquidity mining rewards program globally after its IDO. This news has ignited industry-wide anticipation and interest in Acara’s future development. As an emerging cryptocurrency project, Acara has garnered attention in the industry for its unique technology and innovative solutions. By participating in two significant events in the Asia-Pacific region, Acara has further solidified its position in the cryptocurrency space. According to reports, Acara plans to introduce a liquidity mining rewards program after its IDO. This program aims to incentivize users to provide liquidity and receive corresponding rewards. Liquidity mining is a common cryptocurrency reward mechanism where users contribute funds to support the liquidity of a project and earn token rewards in return. Acara’s liquidity mining rewards program will be launched globally, providing users with more opportunities to participate and support the project. This initiative aims to enhance the project’s liquidity and attract more users to get involved. By incentivizing liquidity provision, Acara will further strengthen its position in the market and foster the development of its ecosystem. Acara’s presence has injected new vitality and innovation into the cryptocurrency space. The upcoming liquidity mining rewards program is undoubtedly a strong motivator for user engagement, laying a solid foundation for its future development. We look forward to witnessing the positive impact of Acara’s global launch of this program and expect to witness its greater success and influence in the cryptocurrency industry. As important observers within the industry, we will continue to monitor Acara’s progress and bring our readers the latest news and analysis. Stay tuned for the launch of the Acara liquidity mining rewards program and the exciting chapters that lie ahead for this project!

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PETGPT Launches Closed Beta on Arbitrum Testnet

Singapore-Recently, PETGPT, a pet companion app, initiated a closed beta on the Arbitrum Testnet. Apart from the vivid and adorable cat designs, the breakthroughs made in the product’s mechanics have the potential to bring a new paradigm to AI+Web3. NFT+SBT Dual Model: Bringing Vitalik Buterin’s SBT Concept from Ideal to Reality In the past, blockchain games used NFTs as the entry barrier, requiring users to purchase NFTs to participate in the gaming system and earn token rewards. Axie and StepN are examples of this model, which had the advantage of creating a rapid wealth effect through NFT price speculation, leading to a short-term surge in product popularity. However, this approach had its drawbacks: the speculative NFT prices raised the entry barrier for subsequent players, and the disruption of capital flow made it difficult for the entire economic system to sustain. PETGPT creatively adopts the NFT+SBT dual model, where NFTs are freely minted and can be traded on secondary markets. The core utility of NFT ownership is the ability to hatch SBTs (which are used for game nurturing, with NFT hatching being the only means of SBT production), and for each hatched SBT, NFT holders receive 30% of the Mint income, making NFT equivalent to a perpetual earning machine. For example, assuming the cost of hatching an SBT is 0.05 ETH, if CZ currently holds an NFT, whenever a player uses CZ’s NFT for hatching, 0.015 ETH will automatically be transferred to CZ’s address via a smart contract. The Genesis Cat NFT Additionally, this model has the advantage that SBTs cannot be traded on secondary markets, meaning all players have the same entry barrier, and the amount of income they earn within the game depends on their performance. Furthermore, the team uses this model to convey a value proposition: pets, whether in the real world or the virtual world, are our family members, and not abandoning them is the utmost respect we can show. The Pet cat SBT Say Goodbye to P2E Economic Mechanism: Incentives Directed to Outstanding Players Economically, PETGPT has opted to lean towards traditional gaming, abandoning the conventional P2E (Play-to-Earn) model commonly found in GameFi. The P2E model relies on continuous token inflation to incentivize participants, whether through a single token or dual tokens, but it fails to completely solve the problem of massive token dumping in the game. Additionally, traditional blockchain games, aside from NFT and token sales, often have weak business models, unable to generate revenue through product mechanisms, which is a key reason for a flash in the pan. PETGPT follows the economic philosophy of traditional games in its design, as it has been tested and proven numerous times: Taking product playability as the starting point, designing monetization points based on this foundation, making the product itself revenue-generating, and allocate a portion of the income to incentivize players with exceptional performance. This approach is somewhat reminiscent of the enduringly popular turn-based online game “Fantasy Westward Journey,” which has been thriving for nearly 20 years. Furthermore, as indicated in the whitepaper, the platform has plans for token issuance, with 20% dedicated to ecosystem incentives and 2% allocated for airdrops to players. GPT-4 may be ensures a solid foundational experience and quick deployment, but small models are the crux and core of PETGPT. AI’s impact on games is multifaceted: except deploying large-scale intelligent NPCs, emergent narrative generation, to intelligent mission/level design, the most significant impact lies in endowing virtual characters within games with souls, achieving a thousand faces for a thousand players. Currently, PETGPT is built on OpenAI’s GPT, which ensures a solid foundational experience and quick deployment. Each player, while conversing with their own cat, is also training it. However, since GPT is a large-scale model designed as an all-knowing superbrain, in the vertical domain of pet companionship, it is more suitable for domain experts in the specific vertical field-small model. It is understood that the PETGPT team is already preparing for the development of small models, accumulating massive amounts of data gradually, training a large and powerful model using OpenAI, and using that model to optimize the small model. This optimization compression technique involves knowledge distillation and model pruning, allowing the small model to maintain fast inference speed while achieving comparable or similar results to the large model. One can envision a future day where a variety of independent and uncontrolled small cats exist on the blockchain, free-spirited and serving as embodiments and interactive entities for humans to roam the Metaverse. This is precisely PETGPT’s ultimate vision: to restore freedom to players. Contact:Jugg Lee Website:https://petgpt.ai/ Email:op@petgpt.ai Country:Singapore

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Tribalisland GameFi tokens officially listed on Pancake Swap on June 14

Location, June 13th, 2023 — The revolutionary blockchain-based gaming platform, Tribalisland.io announced that its tokens $TIT, $TIC went list on Pancake Swap on June 14 at 2:30 pm (SGT). ribalisland.io is a blockchain technology based Web3 game that is unique in the gaming market. This token launch is expected to add another exciting chapter to its evolving story. Tribalisland.io is pushing the boundaries of decentralized gaming by implementing a novel double encryption economic model. This pioneering approach offers players the chance to earn abundant rewards from their in-game activities. Each game’s behavior can benefit the players, from building and breeding monsters to forming groups and trading. Tribalisland.io showcases Heroes and Monsters, elements that offer layers of complexity and excitement to the gameplay. Furthermore, the platform implements a dual-token mechanism, combining $TIT+$TIC, which establishes a stable asset and liquidity structure while enhancing the ecological value of the game’s universe. The upcoming live Pancake Swap event is more than just a milestone in the platform’s roadmap. It symbolizes the commitment of Tribalisland.io to innovate and constantly foster a thriving and interactive gaming ecosystem. Giampiero Lapeschi, CEO of Tribalisland.io, said, “The Tribalisland.io platform is set to revolutionize the play-to-earn sector by offering a unique, engaging gaming experience that also gives players the potential to earn. We are eagerly looking forward to our community’s active participation in our games.” Personalization is central to the Tribalisland.io experience, Social interaction is emphasized in Tribalisland 3.0 stage. Players can design their own islands, make alliances with other islands, battle, grab resources,etc. The game is easily accessible to other players and is a vibrant and engaging community. Token staking forms another integral part of the Tribalisland.io experience. Players can generate returns of different values by pledging all NFT assets to LP, providing an intriguing blend of gaming and investment. In the future,  With the NFT Land feature, gamers can become landlords within the game universe, using their land for various activities like growing crops, raising monsters, mining, and collecting resources. Other captivating features of Tribalisland.io include the NFT collection, PVP and PVE battles, the World Main House, SOCIAL DAO, and a unique lottery mechanism. Players can collect monsters and various items on the Tribal Island, show their collection to friends, and engage in thrilling battles for great rewards. Holding $TIT tokens allows participation in community governance, emphasizing the democratic ethos that Tribal Island belongs to the entire community. As part of its ongoing commitment to enriching the gaming experience, Tribalisland.io is focusing on several key developments. The next phase includes PVP gameplay design enhancements, the unveiling of new NFT character original painting designs, the introduction of initial proposals for tribe social gameplay, and the development of more trading scenarios.  These updates lay the foundation for the next phase of gameplay. Tribalisland.io’s continuous optimization provides the support needed to create a truly sustainable gaming platform for its players, reaffirming the game’s commitment to excellence and innovation in the rapidly growing field of blockchain-based gaming. This major event symbolizes the continuous growth and development of the Tribalisland.io ecosystem. The Tribalisland.io team extends its warm invitation to all to become part of this innovative gaming revolution. To learn more about the live Pancake Swap token launch, the latest updates, and further information about the game, visit Tribalisland.io.  About Tribalisland.io Tribalisland.io is a blockchain-based gaming platform that combines gaming, social networking, and blockchain technology, offering players a unique, dynamic, and interactive experience. With a strong emphasis on user participation and community development, Tribalisland.io continues to push the boundaries of blockchain gaming. Project info:: Website: Tribalisland.io Twitter: https://twitter.com/TribalislandDAO telegram: https://t.me/SuperGameDAO

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PoPP Beta Test Competition, $1 million worth of NFTs for grabs

PoPP Beta Test Competition, $1 million worth of NFTs for grabs

Hong Kong start-up DEME POPP LIMITED officially announced that the public testing version of its PoPP application is now available on the App Store, and that global public testing will commence on June 13, 2023. POPP LIMITED, a Web3 startup with a “co-creation, co-building, and co-wealth” value proposition, seeks to establish itself in Hong Kong and collaborate with creators worldwide to establish a Web3 community rooted in the creator economy. The mission is to become the most effective Web3 community management utility for developers. Integrated Creator Community Management Tool  PoPP draws from the prior experience of social products and is committed resolving their deficiencies in user experience, content storage, social scale, and hosting capacity, thereby creating a more private and easily managed integrated community. PoPP is a Web3 social application that aims to establish a global community of creators rooted in the creator economy. They endeavor to develop an extra private and manageable society. The forthcoming group section will support the integration of Web3 and AI tools for community management and provide an online network of up to thousands of people for creators. In addition, they offer the NFT issuance feature for creators to identify loyal users and personalize NFTs as proof of community privileges.  A comprehensive platform for content curation PoPP utilizes the protocol layer product Netus3 and will also serve as a “comprehensive content precipitation program” to assist creators keep their creative content as programmable NFTs on the one-click chain, resolving the integration, storage, and revenue generation pain points of creators’ content in multiple ways. According to the PoPP revenue model, content contributors and followers will own entirely of the creators’ content revenue. Followers are able to share financial revenue with content contributors, facilitating a virtuous cycle of content creation, content precipitation, and content revenue. Participate in the PoPP Public Testing and share in the $1 million prize pool PoPP is conducting the primary beta test for two product modules: “Group Chat” and “Official Planet”. As a SocialFi product that is still in development, PoPP encourages every creator to take part in the beta testnet, provide feedback, and collaborate with PoPP to develop the product. During public testing, PoPP will initiate the “Ten Million Program” in an effort to cultivate influential figures.  Users who  generate a planet successfully are able to invite followers to join. As a reward, the user with the most followers will receive a voucher as NFT for an airdrop worth $1,500. The second to tenth-placed users with the highest number of followers will share a $2,700 airdrop voucher. Users ranked 11th through 100th with the highest number of followers can share the bonus fund for a $100,000 airdrop voucher. In addition, users within the top 100 will receive a PoPP Utility NFT, with the top user receiving three PoPP Utility NFTs. Details for the “Ten Million Program” event can be found on the website of PoPP. PoPP Download Link: iOS App Store PoPP Official Website: https://.popp.club/ In June, the “PoPP Explorer Series” NFT will be launched on OpenSea, OKX, and Bitkeep. As the first Utility NFTs for PoPP, they confer a variety of privileges, including pool profits and platform access. Join us ! Contact us Twitter | Telegamr | Medium | Website Business Partnership Stacy Hu Chief Brand Officer at PoP Planet Email: stacy@popp.club

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TFVPM: Cutting-edge analysis team helps fund companies create a new era of investment

In order to meet the growing investment needs, TFVPM Fund Company has taken an important step in the financial market. TFVPM has a strong cutting-edge analysis team, with the help of leading quantitative trading models, it has achieved excellent profitability. Now, TFVPM has further expanded the scope of investment, combining the investment environment of some global encryption markets with investment opportunities in foreign exchange commodities, providing investors with more choices. As an industry leader, TFVPM will issue new fund products to open up more wealth growth opportunities for investors. The environment in financial markets is constantly evolving globally, presenting investors with unprecedented opportunities and challenges. The strong momentum of the global economic recovery has created favorable investment conditions. TFVPM’s cutting-edge analysis team pays close attention to market dynamics and trends. Through scientific data analysis and innovative strategies, it provides investors with accurate investment advice and optimized risk management, helping them obtain stable returns in an unpredictable market. In this changing financial environment, TFVPM’s cutting-edge analysis team combines investment opportunities in the encryption market and the foreign exchange commodity market to provide investors with a wider range of choices. As an emerging asset class, cryptocurrencies present enormous potential for growth. TFVPM conducts in-depth research on the dynamics of the global encryption market, provides insights into market trends and industry innovations, and provides investors with customized cryptocurrency investment strategies to help them obtain considerable returns from this emerging market. At the same time, TFVPM’s professional team conducts in-depth research on the foreign exchange market, grasps the impact of various countries’ economic, political and monetary policies on the foreign exchange market, and provides investors with accurate foreign exchange investment advice to help them achieve risk control and capital appreciation. As a fund company with cutting-edge analysis team, leading quantitative trading model and SEC license, TFVPM is committed to providing investors with excellent investment solutions. We welcome investors to choose TFVPM as your investment partner. TFVPM will open up a broader road to wealth growth for you with rigorous investment strategies and transparent operation methods. TFVPM warmly welcomes investors to join us and create a brilliant investment future together!

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DEGA Revolutionizes Fundraising with their Gamified Multichain Initial Stakepool Offering

DEGA Revolutionizes Fundraising with their Gamified Multichain Initial Stakepool Offering

In a unique partnership with MELD, Cornucopias, and soon-to-be-revealed major players in the blockchain industry, DEGA has announced their Gamified Multichain Initial Stakepool Offering (ISPO). Traditionally a Cardano-based fundraising technology, DEGA has extended this unique, reduced risk method for fundraising to Ethereum, Polkadot, and Polygon. DEGA will first deploy multichain ISPO technology to fund their own operations, then offer ISPOs as a fundraising method for those building games and metaverse projects on their infrastructure. DEGA is launching its multichain ISPO on MONDAY, JUNE 19th. During the DEGA ISPO, participants will be able to stake ADA, ETH, DOT, or MATIC and be rewarded in DEGA’s token, a deflationary utility token. One core use case for the DEGA token is to function similarly to Ethereum tokens in transaction validation, but on DEGA’s unique fractal blockchain architecture which allows for the creation of numerous blockchains and layers on demand using Metachains.  Through Metachains, DEGA allows any project to deploy high performance Layer 2 blockchains on Ethereum, Cardano, and other blockchains in 24 hours or less. “The promise of DEGA’s Metachain technology is making waves in our community. Furthermore, DEGA and MELD share a vision about inclusion so we’re pulling out the stops to assist DEGA in their multichain ISPO.”, said MELD CEO, Ken Olling regarding a recent partnership with DEGA. “We know our experience in executing an ISPO will be helpful in ensuring DEGA’s success.” Attracting more than $1 billion worth of staked Cardano in their own record-breaking ISPO, MELD brings the experience of one of the first and most successful ISPOs to the table to help DEGA succeed. About DEGA DEGA is a Web3 game developer ecosystem of powerful protocols, developer tools, and gamification services that focus on ease of use through AI-assisted chat interfaces, familiar developer APIs, and web applications. DEGA allows creatives to focus on experiences while DEGA handles the complexities of Web3 technology infrastructure. DEGA’s vision is to empower billions of people to project their creativity into the digital economy.  Every single day they work tirelessly to build open software tools and experiences to enable creatives to participate in the world of Web3 using the most innovative technologies available. DEGA focuses on combining blazingly fast transaction speeds, reliability, and ease of integration to successfully launch and scale blockchain games and metaverse in minutes, not years, from a flexible and low-cost technology platform. Learn more about DEGA and their Multichain ISPO by visiting: https://www.dega.org/ispo EMAIL: CONTACT@DEGA.ORG WEBSITE: DEGA.ORG TWITTER: TWITTER.COM/DEGA_ORG DISCORD: DISCORD.GG/DEGA TELEGRAM: T.ME/DEGA_ORG

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CoinEx Successfully Wraps Up Bitcoin Pizza Event in the Philippine

May 23, 2023 , Philippines – CoinEx, a centralized exchange, held a Pizza Party last May 22, 2023, for Filipinos to commemorate a milestone for cryptocurrencies thirteen years ago. The event was hosted by Dell, CoinEx’s Global Partner in the Philippines, at Bravo Hotel in Tanauan City, Batangas, with almost forty attendees who listened to the story of Bitcoin and what exactly happened in May 2010. A strange request on a cryptocurrency discussion board caught the attention of Californian student Jeremy Sturdivant, then 19 years old, on May 22, 2010, and this resulted in the first known usage of Bitcoin for a real-world business transaction. A Florida-based cryptocurrency enthusiast, Laszlo Hanyecz, agreed to pay 10,000 Bitcoins for two Papa John’s pizza deliveries. The deal is recognized as the first time that Bitcoin was used in a legitimate commercial transaction with an actual corporation. 10,000 Bitcoins are worth roughly $300 million, meaning an individual could buy a chain of pizza businesses and still have money left over. Dell of CoinEx Philippines hosting the event After introducing Bitcoin and narrating the story behind the special occasion, the participants were given CoinEx merchandise and pens as a token of appreciation. At the same time, several lucky participants received a total of PHP 3000.00 (USD 53.84) prize pot via an online raffle draw. Dell introducing CoinEx and Bitcoin to the audience During the Open Forum, the participants were encouraged to ask about CoinEx and cryptocurrencies. And, of course, after a brief discussion and fun raffles, the participants had their pizzas and spent the remaining time networking with other crypto enthusiasts. Pizzas with CoinEx and Bitcoin logos   Dell and a participant showcasing Bitcoin Pizza The event also served as a means to onboard most of its participants into cryptocurrency who are new to the technology. About CoinEx Established in 2017, CoinEx is a global cryptocurrency exchange providing crypto trading for over 4 million users across 200+ countries and regions. CoinEx offers a range of services, including spot and margin trading, futures, swaps, AMM, financial services, strategic trading, and CoinEx Dock. Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone. To be part of the Filipino community of CoinEx, please visit their channels: Telegram: https://t.me/CoinexPH Facebook Page: https://www.facebook.com/CoinexFilipino Facebook Group: https://www.facebook.com/groups/221858499016452 Twitter: https://twitter.com/CoinexFilipino

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Bitcoin Virtual Machine (BVM) Emerges: Decoding BTCFi Rising Star MVC

This year, the performance of various tracks within the Bitcoin ecosystem has been exceptionally impressive. The Ordinals protocol has brought unprecedented exposure and liquidity to the Bitcoin ecosystem, while new standards such as BRC20 and SRC20 have sparked multiple waves of excitement in the market. However, the Bitcoin network congestion and high transaction fees have also become hot topics recently. Due to the unique nature of Bitcoin, the field of smart contracts and DeFi has had limited involvement in the past. However, some new projects have now started to focus on Bitcoin sidechains and DeFi, such as MVC, a prominent project in this space. MVC has pioneered the concept of the Bitcoin Virtual Machine (BVM), introducing Bitcoin smart contracts into a new narrative. MVC is hailed as the best scalable and side-chain for Bitcoin, as it shares the same underlying UTXO structure, consensus mechanism, and total supply as Bitcoin. As a result, it can establish a one-to-one mapping with all existing Satoshis units of Bitcoin, becoming a “parallel universe” sidechain to some extent. MVC possesses the industry’s first Turing-complete smart contracts based on Bitcoin UTXO and has achieved ultra-high performance of over 10,000 transactions per second (TPS) on the test network. Its ecosystem currently boasts over 20 available applications and over 10,000 active addresses, poised to build a future of hosting massive applications and serving billions of users on the Bitcoin network. Project Name: MVC (MicrovisionChain) Tokenomics: Total Supply: 21 million 35% Proof of Work (PoW) mining 55% DAO Proof of Building 10% Early contributors Project Classification: POW + UTXO + Bitcoin-compatible architecture + BVM (Bitcoin Virtual Machine) + Public Blockchain Highlights: Providing the best ideal side-chain services for Bitcoin Solving the congestion issues of Bitcoin Integrating the advantages of UTXO and account models to build a layer-one smart contract public blockchain Native cross-chain decentralized identifier (DID) MetaID Supporting a massive number of Web 3 applications Project Overview: MVC is a layer-one smart contract public blockchain with unlimited potential. It is a revolutionary blockchain built on top of Bitcoin technology. However, unlike Bitcoin, MVC achieves unparalleled transaction speed, exponential scalability, extremely low fees, and maintains decentralization. MVC’s technology is not just a slogan or a theoretical concept; it is already fully functional today. There are currently more than 20 running applications, including the industry’s first decentralized exchange based on the UTXO model, asset bridges, multiple non-custodial wallets, on-chain social applications, NFT marketplaces, decentralized domain names, and more, all based on the pure layer-one smart contract embedded within the UTXO model. MVC supports FT/NFT, DeFi, data storage, BTCFi, and BTCNFT implemented through the Ordinals protocol and BRC20. MVC can expand its support for other Bitcoin protocols such as SRC20 in the near future, based on market demand. The features supporting Ordinals and BRC20 are expected to be implemented between July and August 2023. This is just the beginning of MVC’s grand vision, “The Blockchain for Web3.” MVC is built on Bitcoin technology and is born to serve the future of Web3 and aid in resolving Bitcoin’s congestion problems. How will the arrival of MVC transform the landscape of Bitcoin? We eagerly await the answer.    

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Web3 social startup PoP Planet has completed a $4 million angel round of financing with Foresight Venture as the lead investor

PoPP, a Web3 creator community application, has announced the completion of a $4 million angel round financing, with a post-financing valuation of $40 million. The round was led by Foresight Ventures, with participation from multiple other institutions and individuals. The funds will be used to support product development and iteration, as well as creator incentives, after PoPP is launched. The recent product will soon be launched on App Store for global public beta testing. PoPP will serve as an integrated creator community tool and a one-stop content deposition application, using Web3 and AI technologies to support a huge community. Twitter:https://twitter.com/Hi_PoPPOfficial

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MiSon Protocol Endgame The unification of security and convenience with decentralization

Safety is spending money you can see to avoid things you can’t see at the moment, but that will cost you dearly if they happen. Sooner or later, the alarm bells are going to come. The Silicon Valley bank collapse caused the U.S. dollar stabilized coin USDC to de-anchor and fall to a low of $0.87 over the weekend, and FUD sentiment spread through the crypto market, awakening circles to the importance of asset security. Taking advantage of the alarming Silicon Valley bank crisis, the FDIC and the Federal Reserve are considering a fund that would enable regulators to provide more deposit guarantees to banks in trouble after the Silicon Valley bank collapse. As SVB (Silicon Valley Bank) plummeted, DEX (decentralized exchange) saw even more exponential growth in trading activity and fee profit. According to DeFiLlama data, total DEX trading volume soared to $15.12 billion and fee profit collected by Uniswap reached its highest value since May 10, 2022, with the ratio of aggregated DEX to centralized (CEX) trading volume (a metric reflecting DEX’s market dominance) rising to 26.66%. Unisap, Curve Finace, and Sushiswap emerged as big winners during a period of market uncertainty, with more and more users abandoning centralized exchanges and exploring self-custody, a trend accelerated by the USDC crisis caused by the collapse of Silicon Valley Bank. So the future belongs to DEX and DeFi, who will be the unification of security and convenience with centralization? What are the long-term drivers for building a security moat? Let’s read on. Does the future belong to DEX and DeFi? With the Federal Reserve announcing a new emergency bank term funding program of March 12 BST and supporting Silicon Valley Bank depositors to access funds on Monday local time, the USD anchor price rebounded and rose to the $0.995 range, having essentially restored the USD anchor and its market cap back above $40 billion. This shows us that during periods of market uncertainty, even the largest Silicon Valley banks in the private investment banking space need insurance minting mechanisms to protect against black swan events. Just like crypto trading platforms companies like this don’t necessarily need to use Bank of America, but companies that have the backing of the US Federal Insurance Company are quite influential for their clients. For the crypto community, the decline of centralized entities favors DEX, while DeFi projects with insurance minting compensation mechanisms will be favored by the market. At the same time, we will find two clear signals from the market. First, DEX has grown by leaps and bounds over the past 3-4 years, and Toekn Terminal disclosed data showing that the number of active developers on the DEX platform has been growing steadily, indicating that the fundamentals supporting DeFi’s future are positive. Second, a common feature of crypto communities offering trading, lending and pledge-as-a-service is that they typically require users to self-custody their assets and support liquidity protocol arbitrage, suggesting that decentralization and security and convenience will have become the basic consensus among DeFi players. In the future, whoever can harmonize security, convenience and decentralization will be the biggest winner! MiSon: The unification of security and convenience with centralization As a DEX designed for stablecoin exchange, MiSon, a decentralized smart contract liquidity aggregation service protocol, provides lending services for the top 15 major global coins, in addition to MiSon’s mission to revolutionize the way people access, manage and protect their digital assets by providing decentralized, secure and transparent digital asset management programs and structures. Potential risk-free rate The risk-free rate does not include credit risk, maturity risk, etc., and is generally considered in the traditional world to be the short-term Treasury rate, or the level of the benchmark interest rate set by the central bank. Let’s look at a few of the major interest rates in the crypto market. Stable currency borrowing rate Some investors in the market use the borrowing rates of stablecoins as the risk-free rates in the crypto market. For example, the borrowing rates of USDC and USDT in Aave and Compound. ETH and others have corresponding lending pools in lending protocols, and the lending rates are very low most of the time. In the case of ETH that exists in Aave, the interest rate level for ETH is at a relatively low level most of the time. However, the lending of public chain tokens is subject to default risk and liquidity risk, the former is a problem caused by the counterparty of the lending, and the latter is the overall market risk, which is not included in the “risk-free rate”, and therefore the lending rate of this category cannot be used as the “risk-free rate”.  DeFi field yield The main sources of MEV are: arbitrage, liquidation, and sandwich attacks. As you can also see from the daily profit of Ether EVM, in a bull market EVM is more, while in a bear market EVM is relatively much less. Overall, MiSon captures value through multi-protocol aggregation, and the returns obtained include, on the one hand, liquidity arbitrage on lending protocols, and on the other hand, DEX + Ai order flow arbitrage, which is better than the previous two interest rate levels, and the excess return is more in line with the “real return” narrative level “risk-free rate” Long-term drivers This bank meltdown has affected not only the U.S. own banking system, but also banking systems in other regions. Unlike traditional banks, DeFi’s two main risks come from smart contract code and clearing risk, while MiSon has done a good job of risk control on deposits, lending and market making. Protocol security MiSon has innovatively designed and developed the “Minting Coin Compensation Protocol” as equity to allow deposit users to avoid the risk of force majeure during the liquidation process. The MiSon protocol has already achieved stability, but with an additional escort, which is equivalent to a double-layer moat to ensure the robustness of risk control, i.e. the safety of deposit users’ assets is guaranteed. Security of funds Financial security…

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Empowering Startups and Fostering Innovation: OrdStarter, the first launchpad on BRC-20 is about to start the IDO of its platform token $ODSR

OrdStarter is revolutionizing the world of startup finance and investment by being the first launchpad and incubator built on Ordinals and BRC-20. This novel platform is specifically designed to empower startups, enabling them to achieve their goals with unmatched speed and efficiency.  By integrating cutting-edge DeFi features such as Decentralized Exchanges, Lending, and Farming, OrdStarter has positioned itself to become a stand-out figure in the Bitcoin ecosystem. It is dedicated to driving innovation forward by providing assistance and support to emerging projects, while at the same time nurturing community engagement.  Excitingly, OrdStarter’s very first IDO token, $ODSR, will soon be available. Don’t miss out on this groundbreaking opportunity to join the world OrdStarter, the future of startup investment and growth in the innovative Bitcoin industry. What is the BRC-20 ? BRC-20 is definitely making waves in the blockchain industry. As a fungible token standard designed exclusively for the Bitcoin blockchain, it’s garnering attention alongside the ongoing memecoin trend. The underlying BRC-20 protocol is built upon Ordinals and Inscriptions, which are saved on the Bitcoin base chain. This unique infrastructure means that the token standard can be traced all the way to the creation of the Ordinals protocol, which allows users to store and inscribe any file on-chain using Bitcoin. Simply put, Inscriptions are similar to NFTs created on Satoshis. They are tracked and transferred using ordinal theory, providing individuals with identities that can be shared across transactions. Like Bitcoin, they are durable, immutable, secure, and decentralized. Why OrdStarter ? Regarding community ownership, OrdStarter’s unique model allows for complete community ownership of the platform. Through their ownership stake, community members have earned complete control over the IDO approval and listing voting processes, ensuring a more democratic and transparent approach to decision-making. Enhanced security is another key feature of the platform, with multi-layered contract protection ensuring fund safety and keeping users’ assets secure. This comprehensive protection framework delivers peace of mind to users, who can rest assured that their investments are backed by a robust security protocol. OrdStarter’s innovative insurance mechanism also serves as a safeguard for investor interests, acting as a deterrent against malicious project behavior. Through this mechanism, investors are protected against potential losses stemming from project malfeasance, allowing them to focus on their investment strategy. OrdStarter offers a one-stop support package for BTC ecosystem projects, providing marketing, community management, technical support, and other vital resources for project managers. With this full-service model, project teams can focus on creating value for their users while entrusting much of the back-office administrative work to the seasoned professionals at OrdStarter. What is the $ODSR? $ODSR, the native utility token of the OrdStarter platform. This token is minted under the BRC-20 standard and is designed to serve a variety of functions within the OrdStarter ecosystem, ensuring seamless and cost-efficient transactions. With a total supply of 21,000,000, $ODSR’s allocation is proportioned among IDO, farming and airdrops, and CEX/DEX reserve fund, accounting for 60%, 30%, and 10%, respectively. These allocations are geared towards creating a thriving, sustainable, and decentralized crypto ecosystem, allowing both early and late investors to gain exposure and tap into the potential financial gains offered by the platform. With $ODSR, investors can enjoy secured and optimized investment opportunities, making it a valuable asset in the crypto space. As we can see, OrdStarter is disrupting the traditional startup financing industry with its unique platform built on Ordinals and BRC-20. offers unparalleled speed and efficiency, empowering startups to achieve their goals. The integration of DeFi features like decentralized exchanges, lending, and farming adds to its appeal, making it a standout figure in the Bitcoin ecosystem, dedicated to driving innovation forward, and nurturing community engagement. Investors and enthusiasts should watch out for OrdStarter’s upcoming IDO token, $ODSR, and seize this groundbreaking opportunity to join the future of startup investment and growth in the Bitcoin industry. Website: https://OrdStarter.com/

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coinedict

Mhaya2023 Closes $5M Pre-A Round Led By Firestone Global

On May 11, 2023 (UTC+4), the Free Play to Earn (FP2E) GameFi, Mhaya announces finishing up 5 Million USD fundraising for its Pre-A round. The fund is going to be used for accelerating Mhaya ecosystem development and supporting the Mhaya2023 Grant Game Contest (GGC) with a prize pool of up to $2,000,000 MAYA and massive NFT drops. Mhaya2023 is a Free Play to Earn (FP2E) NFT-based PVE/PVP game derived from the classic board game, Monopoly. As a multichain game, Mhaya2023 stands out with its free and stake dual pools supported by liquidity consumed in-game daily rewarding the players. The reflection token HAYA is the penalty or reward in-game, proportional exchanges into MAYA, the governance token. This innovative seasonal reproduction pool balances deflation as well as allows healthy tokenomic to prevent game cheating. After 9 months of development, Mhaya2023 is delicately preparing its upcoming beta test in July. It is said that the Beta will be placed as a Grant Game Contest (GGC) with 2 Million USD rewards and massive NFT drops. This incentive tournament is predicted to be a huge gala in the crypto space. The long-criticized pain points of the majority of P2E games are pyramid scams and fraudulent and unsustainable projects. The upfront investment into a GameFi 1.0 is also a friction that prevents massive adoption. “Free Play to Earn (FP2E)” model brings the world a new picture to combine blockchain with gaming, along with free NFT staking. Mhaya2023 which derived from Monopoly, the simple, easy yet addictive board game driven by 13 pivotal roles of NFTs in the creation of the story-telling, scaling the fun that a real casual match should have. “Mhaya2023 gives an innovative way to achieve the fair gaming experience by non-upfront, non-early bird winning, snatches back the interest allocation from the minority, guilds and cheaters, hence creating an anti-monopoly game metaverse,” said Shelby, the founder of Firestone Global. “We thrive on reforming the GameFi world to truly realize on-boarding web2 to web3. Website: www.mhaya.com

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