What is Mintlayer (ML) | What is Mintlayer token | What is ML token

In this article, we'll discuss information about the Mintlayer project and ML token. What is Mintlayer (ML) | What is Mintlayer token | What is ML token?

Mintlayer blockchain is anchored to Bitcoin: every Mintlayer block has a reference to a Bitcoin block. In each Mintlayer round, lasting 1008 Bitcoin blocks, the participants are selected among the stakers to collaborate on creating the chain’s blocks.

A user who decides to actively participate in the network consensus needs to run a node and stake enough ML tokens to pass a minimum threshold. Each round, an election is automatically enforced by the algorithm, where the user may be chosen as a “participant”. The higher the token stake, the higher the chances are to be selected.

The selection mechanism uses hashes of the Bitcoin blocks as a randomization source to ensure an unbiased selection of the participants and randomly establish the order they will follow in the creation and validation of blocks.

At a specific time in each round, every participant is requested to build and propagate a block for which all the transaction fees will be collected.

The long-term security of the Mintlayer chain is guaranteed by a checkpoint system on the Bitcoin blockchain.

Mintlayer wallet

Mintlayer is an open-source project, and every developer is free to contribute, fork the codebase, or create alternative software following the consensus/protocol RFC. There are two first-reference implementations released for desktop and mobile devices in the form of a full node and light node.

The full node wallet is built to serve every user type, from validators, stakers, to investors, traders or simple bitcoin holders. The mobile wallet application is made for average users with particular care for UX/UI. It also implements advanced functionalities such as transaction batching and DEX trading. Both types of wallets are non-custodial solutions, meaning that users can access their funds by managing their private keys independently, also by importing or exporting them from/to hardware wallets.

Mintlayer wallets have multi-token support, including bitcoin (BTC), Mintlayer (ML), and all tokens issued or pegged on the chain (the standard MLS, see §3.).

For security tokens or other tokens that require particular policies (see ACL conditions §3.2.1.), it is possible to verify the “decentralized digital identity” (DID, see §4.) straight from the application. The private key of the DID can also enable a “login” to access the services of third party providers.

Decentralized Finance (DeFi)

Script-based smart contracts and Turing incompleteness

Smart contracts on a blockchain mostly consist of particular conditions for locking and unlocking funds. There are three common approaches to smart contracts in the crypto ecosystem: the script-based primarily used in Bitcoin, the Solidity contract used in the Ethereum Virtual Machine (EVM), and, more recently, the Web Assembly Virtual Machine (WASM), seen in projects like EOS or Polkadot.

Both EVM and WASM are Turing-complete, which means that the system can process whatever rule-set of data manipulation, opening up virtually infinite possibilities for developers to create smart contracts. Instead, Mintlayer uses the Bitcoin-like script-based approach: it is non-Turing complete and therefore limited by a determined set of rules that must be followed. This approach sacrifices some versatility in exchange for higher safety, sustainability, and speed of validation.

Generally, script-based smart contracts tend to produce less network pollution and execute faster than Turing-complete contracts, thus ensuring a more manageable environment for developers. On the contrary, complicated architectures on blockchains end up causing more issues than benefits: having endless possibilities might end up clogging servers, while at its core, a Turing-complete system is not even required by most blockchain applications.

The Ethereum whitepaper 10 states that “Turing-incompleteness is not even that big of a limitation”. Out of all the contract examples that the Ethereum team had conceived when writing a whitepaper, only one required a loop, and even that loop could be removed by making 26 repetitions of a one-line piece of code. A more recent study11 says that only 6,9% of smart contracts built on the Ethereum Virtual Machine truly require Turing-complete language functions. It also notes that the vast majority of Ethereum’s smart contracts can be coded to function the same way on a Turing-incomplete machine.

To prevent potentially infinite loops in an EVM environment, which requires excessive resources, the contract execution is limited by the gas (ETH). The problem is, when a smart contract runs out of gas, the transaction is nullified (the fee in ETH gas is paid to the miner in any case). Therefore, it is necessary to provide enough gas in advance to cover the worst-case scenario, which is very difficult to foresee.

It is one of the main reasons why Solidity smart contracts have shown a higher probability of breaking over time: among the historical failures, more notable ones are the DAO hack and Parity’s multiple signature validation program. On the other hand, the possibilities provided by a script-based system are sufficient and proportionate to the purpose of Mintlayer’s DeFi and DEX functionalities, without incurring the risks of Turing completeness. By combining several simple scripts, it is possible to produce highly advanced contracts.

Two very primitive script-based smart contracts are the multi-signature account and the time lock. Multi-signature requires a number n of signatures over m to unlock a specific unspent output, whereas time lock requires that the output is spent only after block x, or only n blocks after the event x occurred (event x might also be a particular transaction or block). Combining these two simple scripts together makes it possible to create sophisticated contracts while keeping the high reliability, efficiency, and predictability of their basic components.

The potentiality and versatility of a script-based approach are well expressed in the development of a very particular smart contract, which has been the major focus of the entire Bitcoin developers’ community in the last years: Lightning Network. It allows locking funds in a bilateral channel between two nodes (A and B), while particular unlocking requirements let the nodes update the balance of bitcoins held by each one.

The revolutionary innovation is the possibility to combine more of these bilateral channels to create a payment route across the network. If a third node C is connected to B through a second channel, the bitcoins can flow between all the nodes A, B, and C just by updating the balances of two channels. Extending this mechanism to a vast network of channels can effectively create an off-chain peer-to-peer layer on top of Bitcoin, allowing to send and receive bitcoin without using transactions written on the blockchain.

Mintlayer supports Lightning Network for all MLS-01 tokens and other HTLC script-based contracts used explicitly for the DEX, like atomic swap (§5.2.) or lightning swaps (§5.7.), which are also interoperable with the Bitcoin blockchain.

Security tokens and stablecoins

On Mintlayer, MLS-01 tokens represent the most versatile tokenization technology to digitize securities. Tokenizing security means representing an ownership right (such as shares in a company) or a credit in a token. This right is usually guaranteed by the token issuer, who is contractually bound to recognize the token as a bearer security.

The token can also represent an asset in the issuer’s custody: an example is stablecoin Tether, which has the dollar as its underlying asset, held by Tether Inc. On a theoretical level, stablecoins can be included within the broader definition of security tokens, although in some jurisdictions, the classification may be different for legal reasons.

While cryptocurrencies like Bitcoin are issued in a decentralized way, the issuance of security is always centralized, meaning the issuing entity is also prosecutable by the authorities or central entities. Despite this, the advantage of a blockchain for security is palpable: the blockchain is the first technology capable of transferring bearer securities in digital form without relying on a centralized system.

In the case of security tokens, the topic revolves around the transfer, not the issuance. However, it still makes the difference as the security can be sold directly by the company without intermediaries or even traded on a DEX for other cryptocurrencies (i.e., Bitcoin). The token may also grant administrative rights concerning company shares, where the token buyer exercises his rights cryptographically and anonymously by demonstrating ownership of the security using his private key.

Mintlayer’s architecture offers various tools for developing decentralized finance with particular regard for securities: Access-Control-List with verification through a decentralized identity, programmable pools to pay dividends, and tax transactions.

It is possible to picture a future in which companies or self-employed people freely issue shares or bonds on a blockchain and then transfer them without any friction. Private arbitrators elected by the parties handle fraud cases of the token issuer. Examples of fraud cases might be:

• The business profits are not redistributed as scheduled based on the distribution of the assigned tokens;
• The administrative rights associated with the token are denied;
• The token inflation does not meet the expected schedule, or tokens are burned/locked by the issuer against the terms of the public offering.

Some of these frauds might be prevented if the MLS-01 token representing the security is issued without the possibility for the token issuer to intervene in these factors, such as the generation of new tokens (inflation control). However, in most cases, such rigidity might not be well-suited for securities. Therefore, when serious disputes arise, the token’s digital nature and the total absence of frictions in the exchanges would immediately lead to a fall in its value, undermining the issuer’s credibility. This incentive mechanism provides a market equilibrium in the use of these instruments.

ACL rules for securities

Access-Control-List (ACL) acts as a filter dedicated to limit the transferability property of a token. By default, any address can transfer and use the token without any limitations unless the token creator defined some ACL upon its launch. Among the rules defined, there is also the possibility (or impossibility) to change those rules in the future once the token is live on the mainnet.

One purpose that can be identified for ACL is to allow trading and transfer of security tokens that need to comply with particular company policies or legislation. Some limits can be enforced on the input or the output of a transaction.

On the input side:

1. It is possible to enforce an upper or lower bound on the amount transferred;
2. Time locks can be enforced (i.e., the UTXO cannot be spent until block x);
3. A particular address can be blocked so that all UTXO from that address are frozen and cannot be transferred.

On the output side:

1. Only specific addresses can receive a transaction: in this case, the standard policy is to deny the transaction unless the requirement is met (the output address is whitelisted);
2. A certain address cannot receive a transaction: in this case, the standard policy is to allow any transaction unless the restriction is met (the output address is blacklisted);
3. Conditional whitelisting/blacklisting: a particular address can or cannot receive the transaction depending on the amount transferred (upper or lower bounds) or the lock time;

From a technical point of view, the rules are enforced through one or a series of filters and an action: allow, deny, or check:

• If the action is deny, and at least one of the filters is met, then the transaction cannot be validated;
• In case of allow action, the transaction can be validated only if all the filters are met;
• In case of check action, the transaction is validated only if it passes another set of rules used for another token. The check action can be used in case of multiple tokens issued with the same policy conditions or if more tokens share a common set of rules (recalled with check) on top of which other rules are specifically enforced for each different token. For example, the token issuer can specify or inherit the ACL that is already defined by a trusted third party in charge of the AML/KYC procedures.

An additional control parameter can be configured when there is a need for a particular entity to approve each transaction of the token. The entity is defined as “controller” and shall “countersign” the transaction for its validation. The difference from a simple 2/2 multi-signature is that this ACL control rule requiring the controller’s signature can be combined with other ACL rules or any other desired multi-signature scheme for the UTXO. For example, the users might use a ⅗ multi-sig account to hold the tokens, which can only be transferred by providing at least 3 signatures together with the controller’s signature (so that it effectively becomes a 4/6 scheme) and whatever other ACL rules that are configured for that token.

The controller can be the token issuer, a service, an identity provider, or more generically, an oracle. The standard identification procedure required to ask the controller for the countersignature can be performed using the DID (§4.4.).

Decentralized Identity (DID) and Oracles

The Mintlayer full node and light node provide a tool for creating a digital identity represented by a pair of keys: public and private. These keys can be used to encrypt/decrypt or sign/verify messages and verify the “decentralized identity”.

The DID can be used to “sign-up” or “login” to services of an oracle or directly as data is processed by the oracles to identify a particular user for generating statistics or ranking (i.e., for the DEX transactions). In general, oracles empower the blockchain’s inner mechanisms with data unavailable inside the blockchain. AML/KYC oracles may certify the DID countersigning their transactions to meet ACL rules. In contrast, other oracles might help the wallets perform specific tasks, such as provide better reliability of the atomic swap allowed by the watchtowers (§3.2.4.). Observers (§5.4.) and book aggregators (§5.5.) in DEX help synchronize the DHT and create storage for a proper order book.

Technically, the DID is a master public key (also known as Account Extended Public Key 12) produced by a wallet’s built-in tool. It is possible to use DID as one of the keys derived from that master key. The master private key or the derived private keys are used to sign the message, proving the user’s identity.

Services may rely on a trusted third party that acts as a personal identity verifier (i.e., a KYC provider) so that the user does not need to submit the KYC procedures for all the registration processes with every service. Instead, users execute the KYC with a single identity provider and then verify themselves with all the services by signing a message with their DID.

The user may also publicly sign up for different services with different public keys, all derived by the same master public key used for the registration to the KYC provider so that the signup is not publicly attributable to the user’s physical identity. In this case, since the user privately provided the derivation path to the service he is using, only the service (and not even the KYC provider) can trace the DID back to the master public key. The service asks the KYC provider for personal information only if it is necessary for compliance reasons.

Programmable Pools (dividends, taxation)

There are occasions when using script-based transactions can cause more network pollution, for example, when moving small amounts that are not consolidated in a single account, as it happens on account-based systems (i.e., Ethereum). For this reason, Mintlayer allows users to switch from UTXO to an account base with programmable pools.

A programmable pool can be used to pay out dividends or collect “tax” on each transaction of a specific token. Some tokens can be created with ACL rules, requiring that each transaction passes through the programmable pool. In that case, the transaction will necessarily execute the programmable pool’s rule set to be validated, which may enforce sending a fee to a specific address (taxation) or all the addresses holding a certain amount of tokens (dividends).

The amounts paid for taxes and dividends increase the balance of an account-based recipient, not a UTXO. The accounts can be cleared with a transaction by creating a new UTXO of the same amount of money in the account-based balance (minus the fee paid to the blockmaker for that transaction).

The rule set of a programmable pool can be configured by its creator, indicating the address or addresses entitled to collect the taxes/dividends or the rule by which those addresses are selected:

Dividends: an address can receive a share of the funds held in an indicated reserve, depending on how many tokens it stores (which might be security tokens representing quotas of the shareholders). The programmable pool creator defines:

• Specific address(es) entitled to receive the funds, proportionally distributed to a set of UTXO;
• A defined share of funds the beneficiary needs to hold, which is required to be eligible as a beneficiary of the dividends;
• The reserve address(es) from where dividends are paid;
• The combination with any ACL filter.

Taxation: an indicated address can receive taxes for each transaction made with a specific token. The programmable pool’s creator defines:

• The address that collects the taxes;
• A fixed quantity of token to be paid as tax for each transaction;
• In other cases, a specific percentage of the amount transferred to be used as a tax.

To create a pool and execute the pool’s functionalities, it is necessary to broadcast a transaction with a specific OP_CODE. The pool rule set can be configured to determine a pool owner who has the ability to update or destroy the pool.

The smart contracts within a programmable pool might have Turing complete functionalities, in this case the advantages of a Turing incomplete system are not applicable.

ML token

The ML token serves a utility purpose in the ecosystem. 400,000,000 ML tokens are pre-mined and are either distributed in the market or locked, according to the token distribution table (§6.2).

Staking

The main token use case is the Mintlayer Dynamic Slot Allotment Mechanism: the blocksigners are users who “legitimize” the blocks created by signing them. They alternate in the creation of new blocks according to a selection algorithm.

The blocksigner group is dynamic: for participating in the auction, it is necessary to stake the ML token. Every user can apply for the blocksigner role as long as they stake enough ML Tokens (40,000 tokens, equal to 0.01% of the initial total token supply).

There is no Proof-of-Work: users have to stake their tokens and participate in a recurring auction that determines who qualifies as blocksigners for the next round. Each round lasts about 1 week (or every 1008 Bitcoin blocks). If the demand for participants is higher than the available blocksigner slots, users with more ML tokens have a higher probability of becoming a blocksigner.

Blocksigners collect transaction fees from the blocks they create (mining), while the network users can pay fees in any token transferred on the Mintlayer, including ML.

Community Engagement

Mintlayer is an open-source project. To encourage community-driven protocol, ML token allows its holders to express their opinion regarding the development of the network. Users can help prioritizing roadmap events, suggest features, and more.

Ecosystem Tools

ML token can be used pay network fees as well as the token issuance fee that users pay when issuing a token on Mintlayer.

RBB LAB services can be bought using ML tokens:

• Mintlayer smart contracts development
• Security audit of Mintlayer smart-contracts
• Software Engineering of decentralised application on Mintlayer

Farming

This approach strengthens the Mintlayer community:

In the first 10 years after the mainnet launch, each Mintlayer

block will generate a reward for the block creators until the

total supply reaches the 600,000,000 ML hard cap

Newly generated tokens are collected by network participants

staking a minimum of 40,000 ML tokens, following the

Mintlayer conensus rules.

Long-term believers will benefit from the commitment to the project, because the longer they participate in staking, the more ML tokens they receive.

Token distribution

( pool share are rounded to 2 decimal places )

Vesting Types:

The initial unlocked token supply is set to 15,820,000 ML at the Token Generation Event.

How and Where to Buy ML token?

ML has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy ML token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase ML from the exchange.

The top exchange for trading in ML token is currently: Gate.io

Find more information ML token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is Degen Zoo (DZOO) | What is DZOO token

In this article, we'll discuss information about the Degen Zoo project and DZOO token. What is Degen Zoo (DZOO) | What is DZOO token?

Degen Zoo uses a deflationary token and an NFT collection featuring 120 endangered species to simulate capitalism's impact on animal extinction.​

As a player, you are incentivized to "burn" your NFTs, pushing the collection to extinction. Immerse yourself in this eye-opening experience and learn about the devastating effects of human greed on wildlife. 

How to Play

Discover the exciting world of Degen Zoo, a mathematical staking game in which you level up NFT animals to earn more yield.

Cash in your profits by "burning" the NFT and killing your animals. Once all 24,000 animals have been burned, the game starts over with a new collection. Join us now to experience this thrilling game and earn big rewards.

1. Stake Token

Players stake tokens to earn eggs. There are 24,000 in total.  As the game progresses, obtaining eggs becomes increasingly difficult every 90 days, inspired by the bitcoin halving model.

2. Hatch Eggs

Burn 25,000 tokens to hatch an egg and reveal a animal from our collection of 120 species. Each creature comes with a unique APR ranging from -85% to 1500%!

3. Evolve NFTs

NFTs can grow stronger by eating another animal. Evolving will burn the smaller NFT and increase the APR of the heavier animal. Each NFT can be evolved twice. Smart evolving can yield massive returns. 

4. Killing NFTs

In our game, killing animals unlocks tokens within NFTs. Mature animals hold more tokens, but killing them increases the rarity of their species. Strategize your moves and decide if the risk is worth the reward.

1. EARN EGGS

A. Every day a limited number of eggs are distributed over all $DZOO stakers

B. The number of eggs distributed decreases every 90 days with 25%. Just like the halving mechanism of Bitcoin.

C. Eggs are distributed continuously. So every second you will see your “% of current egg” increase.

D. Your distribution depends on your staked $DZOO tokens as a percentage of the total number of $DZOO tokens staked

E. There are 24k eggs in total in the game. 18k eggs are distributed over 360 days. 6k eggs are used for whitelisting

2. Hatching animals

A. 100 different animals can be found in the 24k different eggs

B. Eggs can be hatched by staking 25k into the egg (locking)

C. Every animal has a different taxonomy (classification of the species). All the metadata is written onto the blockchain.

D. All animals differ in: rarity, weight, lifetime and consequently multiplier.

E. The more endangered the animal, the higher the rarity score. On average, there will also be fewer of these NFTs in circulation and therefore more valuable to collectors.

F. The heavier the animal, the more it has to eat and therefore the higher the $DZOO yield.

G. The lifetime determines how long the tokens are locked within the animal

H. The multiplier is determined based on the weight and rarity score. Each animal has a base multiplier and a random bonus or malus multiplier: Base multiplier + (Base multiplier – 1) * random (-15%, 15%)

Animal taxonomy

3. EVOLVING

A. You can evolve your animal by feeding it with another animal

B. This will result in a higher level animal. This evolved animal almost always holds more $DZOO tokens than the sum of the first two NFTs. 

C. Evolving will also change the visible features of the NFT.

D. It will result in the burning of one NFT, and one NFT will get evolved and its metadata updated.

E. You can only evolve your animal when the leveled up animal has passed at least half of its lifetime

F. Every animal can evolve 2 times.

G. Feeding a same animal will lead to a shiny NFT

H. You can speed up your animal lifetime by tranches of 25%. Each speedup costs 25% of Staked Tokens in $DZOO. These tokens are burned.

EVOLVING RULES

The multiplier game

4. KILLING

A. Burning the animal NFT releases the locked tokens within it.

B. Each animal has a individual life expectancy ranging from 40 days (dogs) till over 400 days (turtles).

C. Killing an animal before it has reached maturity will result in a penalty of burned tokens.

D. Burning the NFT on the same day as its mint will result in a 40% fee. These tokens will be burned and the remaining 60% will go to the user.

E. The penalty decreases linear over the lifetime of the animal.

F. The early killing fee is degressive until the end of the lifetime of the animal and is based on the number of staked tokens in the animal: fee = (40*stakedTokens/100) -((40 * stakedTokens * timeElapsed) / Lifetime / 100

5. TOKEN ECONOMICS

Token economics
Maintaining a balance between deflation and inflation is essential to create a fundamentally stable cryptocurrency. Too inflationary and it will just dump, too deflationary and it will not get traction.

Deflating components
• Hatching an egg and consequently locking tokens
• Early killing and thereby burning the penalty fee
• Speeding up the game

Inflating components
• Killing the animal and burning the NFT will release the staked tokens
• Evolving almost always results in more tokens in the animal

Simulator
If 75% of the players decide to keep their animal alive, then the average inflation from hatching and killing will be 2,5% after a year.

Token vs NFT game theory

NFTs Tokens

Hatching an animal

• Decreases the token circulation (tokens are locked)
• Increases the NFT circulation (1 nft is minted)

Evolving an animal:

• Increases the token supply (new animal has more tokens)
• Decreases the NFTs in circulation ( 1 NFT is burned)

Killing an animal:

• Increases the token circulation (staked tokens are released)
• Decreases the NFTs in circulation ( 1 NFT is burned)

6. Contract flowchart

How and Where to Buy DZOO token?

DZOO has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy DZOO token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase DZOO from the exchange.

The top exchange for trading in DZOO token is currently: Bybit, Bitget, BingX, Gate.io, and BitForex.

Find more information DZOO token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is Glory Finance (GLR) | What is Glory Finance token | GLR token

In this article, we'll discuss information about the Glory Finance project and GLR token. What is Glory Finance (GLR) | What is Glory Finance token | GLR token?

GloryFinance focuses on blockchain technology and its applications across the financial industry. We provide integrated solutions, including applications, platforms, workforce development, and consulting services to accelerate the rate of DeFi adoption and contribute to creating a trustless and decentralized financial system.

GloryFinance is an umbrella of 3 units:

1. GloryFi

GloryFi is a Decentralized Cross-chain aggregation & Liquidity protocol that aims to solve the complexity and accessibility problems of DeFi making it easy and available to everyone.

The Platforms provides a wide range of products responding to the need of all kinds of DeFi users while offering an unprecedented user experience through a genuine and unique customizable UI.

Solving DeFi issues

• Complexity: GloryFi tackles the complexity problem by enhancing the user experience through maximum process simplification. Users can interact with the protocol and use all the products with few clicks and minimum friction. We provide easy tutorials for first-time users. The Tech jargon is limited and our smart contracts allow users to minimize all product functions to 1 action in most cases.
• Security: With GloryFi Labs and our dedicated cyber security team and innovation center, we aim to internally secure our protocol and offer shielding services to various platforms. Adding to that, a profound collaboration with the most notorious Auditing agencies as a key of expertise and technology exchange.
• Poor UI: The platform offers unprecedented customizable interfaces allowing users to create personalized dashboards to interact efficiently with the protocol.

Highlights

The Highlights of GloryFi include its emphasis on Microfinance and DeFi integration, which enables the platform to offer DeFi services underbanked and unbanked people with ease of access, advantages, and simplicity.

GloryFi additionally provides a Real Yield feature that allows investors to increase their returns by taking part in the protocol's revenue and sharing profits.

Our goal is to develop a rich ecosystem, a comprehensive DeFi hub that provides a variety of services to handle the most prevalent DeFi difficulties. GloryFi, fully functions on-chain, preserving the principles of decentralization, to ensure transparency, privacy, and security of user funds.

Features

• Cross-chain aggregation and Liquidity Protocol: GloryFi offers a number of essential Cross-chain solutions, such as an aggregation protocol that enables users to quickly swap or exchange tokens between different blockchain networks while viewing different prices. A yield optimizer across several blockchain networks to optimize users reward.
• P2P Lending Borrowing - MicroFinance x DeFi: The GloryFinance P2P product deck would allow users to easily earn interest on deposits and borrow assets across multiple blockchain networks with a few clicks with a MicroFinance integration.
• All-in-one non-custodial DeFi Wallet: The gateway to DeFi, a non-custodial wallet that gives you access to a full set of DeFi services with maximum security and enhanced customizable easy-to-use interface.

2. GloryFi Labs

Blockchain Infrastructure

GloryFi Labs is the R&D entity belonging to GloryFinance. The Labs aim to develop and build innovative & sustainable DeFi products and facilitate the integration of Decentralized applications in the conventional businesses. The Labs integrate MicroFinance services to DeFi and provides Blockchain infrastructure as a service to Financial institutions.

Blockchain as a Service (BaaS)

GloryFi labs focuses on developing BaaS (Blockchain-as-a-service) products for corporate clients. The Blockchain platform for enterprises helps companies build and manage private Blockchain systems. The platform is built with dynamic scalability, interoperability, and security in mind. Therefore, it can help organizations across different industries enter the Blockchain space. A business can build its own private Mainnet in 24 weeks. In addition, the platforms offer 50% fewer transaction fees and gas fees compared to other popular private Blockchains.

Blockchain for businesses

GloryFi Labs offers an easier way to adopt Blockchain Technology by building on existing IT and cloud assets. The Labs securely extend business processes and applications while simultaneously allowing for the creation of new services. Therefore, any business can do this while eliminating manual, error-prone processes, and information redundancy, and reducing operating costs. GloryFi Labs has an easy-to-use development and deployment framework that allows developers from all levels of programming languages to build solutions with minimal effort and complexity.

R&D Tech innovation Center

GloryFinance’s in-house Innovation, development, and research center for DeFi and other related Blockchain products. The center aims to provide innovative and easy to use NFT, DeFi, Gaming, and utility platforms to the masses with a goal to accelerate the rate of Blockchain adoption and opening new markets while leveling up the user interfaces and experience to the wider tech standards. The center will focus first on bridging Microfinance and related services to Blockchain.

Glory Token

GLORY (GLR) is the native super-utility and governance token of the GloryFinance Ecosystem that serves as its ultimate backbone. With GLORY, users can diversify their portfolio with one token and earn a share of the entire Ecosystem's revenue. Holders can take part in the platform’s governance and participate in shaping its future along with many other benefits.

Token highlights:

• Real Yield 2.0: GloryFi distributes the protocol revenues to holders. You can become a real stakeholder in the project by staking GLORY and sharing revenues in Stables. But that's not all! GLR is a real-life-tied digital asset. Holders will receive a share of the revenues from GloryFi Labs (Blockchain infrastructure provider) and SpinUp (Tech & Blockchain Academy) as well as be given a chance in the future to swap their tokens for the Company shares.
• Glory Governance: Stake your GLORY tokens and receive gGLORY, which gives you a say in the future of GloryFi. You can vote on all future changes to the protocol and even suggest your own.
• Ecosystem token: GLR will be the backbone of GloryFinance making the ultimate currency of the Ecosystem, all transactions, payments and rewards will be in GLR

Tokenomics

• Team token: The team tokens will only be minted after 1 year from the listing day and then locked for another year making the total vesting period 2 years.
• Community token: The community tokens will be minted through staking/farming rewards and referrals.
• Company reserve: The company reserve token will serve as the project development and marketing funds. The tokens will be locked for 6 months from the listing day and then will be subject to a Governance vote for usage. The total allocation will be minted over time.
• Airdrop: The initial Launch Airdrop
• ICO: The tokens reserved for the initial coin offering of GloryFinance. The unsold token from ICO will be burned. 5,000,000 tokens will be minted for the ICO as a start. The remaining tokens will be only minted if necessary.
• Liquidity: The tokens are reserved for Liquidity injection. The total allocation will be minted over time.

Roadmap

Check out the master roadmap of GloryFinance.

2023

• ICO Launch
• DEX on BNB Chain with limit orders and P2P functions.
• Yield Farming Aggregator V1 on BNB Chain.
• Yield Farming Boost Mechanism 2.0.
• All-in-one DeFi Dashboard V1.
• DEX on Polygon with limit orders and P2P functions.
• Yield Farming Aggregator on V1 on Polygon.
• DEX Aggregator on BNB Chain, Polygon.
• Cross-Chain bridge & Aggregator.
• Dashboard Social Package (SocialFi).
• Yield Optimizer on BNB chain, Polygon, Aptos.
• Cross-chain P2P lending & Borrowing.
• SpinUp Tech and Blockchain Academy (Learn to Earn).
• Customizable Dashboards and User-interface.
• All-one-DeFi wallet V1.
• Microfinance x DeFi services
• Real Yield 2.0
• GloryFinance Mobile App

2024+

• Blockchain infrastructure for Fintech institutions.
• Blockchain-integrated solutions for Businesses.

How and Where to Buy GLR token?

GLR has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy GLR token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase GLR from the exchange.

The top exchange for trading in GLR token is currently: Gempad

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io

Find more information GLR token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is Staika (STIK) | What is Staika token | What is STIK tọken

In this article, we'll discuss information about the Staika project and STIK token. What is Staika (STIK) | What is Staika token | What is STIK token?

The Staika project aims to become a trusted blockchain project through continuous technology development based on user experience and customer experience. The project consists of multi-listing cryptocurrency wallet with convenience and security, M2E (Move-To-Earn) service that can give users healthy lifestyle and fun, P2E (Play-To-Earn) service that can raise awareness of environmental protection and fun through competition, and the trusted Staika NFT Marketplace. 

Designed with scalability in mind, the Staika project is based on an affordable and easy-to-use payment service. We plan to strengthen the Staika token economy by combining wallet services and various content to create a trustworthy blockchain ecosystem that provides new experiences and monetary benefits to users. In addition, we plan to expand the Staika ecosystem by distributing the 'Alliance SDK' so that developers who want to participate in the Staika project can easily participate in projects.

1. Staika Wallet

Staika wallet as the main service of the project

• Staika Wallet, which is the core of this project, is a multi-listing network wallet.
• You can check the balance of tokens and NFTs obtained from M2E and P2E, and exchange and remit tokens.
• Users can swap Staika tokens (STIK) for other coins in the Staika Wallet
• After user's initial identity verification, the wallet is easy to use, through simple login and biometric authentication, and the risk of key loss is very low.
• Wallet development SDK guide is written and distributed in multiple languages for the SDK to be used globally.
• The Alliance SDK gives the preferential permission to the Alliance. Ultimately, the main app functions as a means of decentralized services such as payment/transfer on an extended platform. (We plan to develop a separate Staika mainnet to add DeFi functions and support sidechain development.)

Staika Wallet is a convenient and secure multi-listing digital wallet for cryptocurrency. It allows you to easily store, deposit, and transfer your digital assets.

Sign-up with one tap

You can sign up and complete the creation of a wallet by tapping into one of your social media accounts without the complicated procedure of storing the encryption key.

Simple and Convenient Digital Asset Management

The current status of user's holdings are provided by the world's most trusted cryptocurrency data institutions. The features are designed for easy-to-use trading of multiple cryptocurrencies such as Solana Coin and Staika Token.

The Most Secure and Convenient Transactions

You can easily transfer money between Staika members, and frequently used addresses can be managed by as “favorites”

2. Staika Service Structure

The Staika service is expanding its ecosystem by providing various contents that can make the blockchain ecosystem healthy. Staika transparently discloses its content operational data to users and utilizes the data to provide customized services to more customers. We are also progressively upgrading to lay the groundwork for fair competition in all activities undertaken by Staika Services. The Staika service is designed to securely manage the value of customers’ digital assets, and focus on customer experience and their growth through linked services and products.

Basic Composition

The Staika project is designed to help users enjoy a variety of services along with economic benefits.

Core Architecture

Staika provides fast speed and high performance based on the Solana blockchain, and can transparently verify coin distribution and transaction history within the ecosystem through smart contracts.

M2E Service

M2E service that help you can make money through experience

• The M2E service serves as an Earning App, where Taika tokens are mined when users exercise with it, and users can purchase items or repair equipments and grow within the service.
• Instead of repeatly playing to only get tokens, users actually engage in physical activities and the M2E service mechanism fairly tracks and reflects the activities as performance so it is possible to provide content that satisfies both the body and mind at the same time.
• In addition to the tokens mined, the NFT-based rewards, that are given upon completion of specific challenges, strengthen the users' items. The NFTs can be freely traded in the marketplace and users can expect some increases in their value.
• The NFT reward can also be enhanced by synthesis (minting) and Staika's governance token, STIK, is required during the process so its demand can be generated.
• Unlike some services that help users simply walk or run, Staika M2E services, that are based on themes such as mountain climbing, golf, and cycling, allow users to voluntarily share their achievements and rewards in media formats such as photos and videos on social media.
• Based on its elaborately designed mechanism, the Staika M2E service can be expanded to various exercise services for the health of users through DAO governance in the future.
• Using 'Alliance SDK', M2E service can be implemented quickly and various content can be easily ported.

P2E Service

Play-To-Earn service that can improve awareness of environmental protection and fun through competition

• The Staika Project's P2E service was launched for ESG management, and it is designed to help users think more about environmental protection as well as the rewards of playing games.
• Users can naturally think about environmental protection while defending the in-game stages while playing.
• Because strategic factors such as interest, boss, mission, and probabilistic factors such as summoning, synthesis, and loss of life are reflected in the difficulty and reward, users can experience a service that is fun, not just for mining.
• Co-op mode for strategic rewards, competitive PvP systems, and continuous addition of environmental theme content will lead to user retention.
• Characters in the P2E service can be synthesized and strengthened by in NFT form, and the NFT value can be expected to increase in the market depending on the rarity of the character.
• When character NFTs are traded at the Staika Marketplace, STIK, the Staika governance token, is used and it can boost its token economy.
• By using 'Alliance SDK', developers can implement their own P2E service quickly and easily port various content.

3. Staika NFT Marketplace

Staika NFT Marketplace for convenient trading with easy UI-UX

• In the Staika Project NFT Marketplace, NFTs received as rewards or minted in M2E and P2E services in Staika service can be traded.
• In the case of existing NFT Marketplaces, in addition to signing up for exchange membership, complicated procedures for creating and linking additional wallet accounts are required, but the Staika NFT Marketplace can be easily linked with the Staika wallet.
• The Staika NFT Marketplace based on the Solana blockchain offers faster and cheaper fees compared to Ethereum, enabling easy NFT transactions with low entry barriers.
• We will prioritize the protection of investors and owners, which is the biggest unstable factor in investing in digital assets.
• Among the Staika project services, the part that requires a digital asset operator license through ISMS certification will be serviced after acquiring the license.

M2E, P2E NFT items trading to enhance Staika service rewards

Staika service users can ungrade/synthesize free basic items or purchase items that provide better rewards to increase their mining compensation rate. When purchasing items from affiliated/in-shop brands that are linked to M2E and P2E services, NFT items are airdropped to help attract new users. Those airdropped NFT items also can be upgraded/synthesized and can be traded at the Staika NFT marketplace.

Transaction of branded products and related NFT items

Users can purchase real products and related NFT items with the rewards earned from Staika services, and it creates virtuous cycle in the token economy. In this case, because users can purchase physical products right away without having to cash in the rewards, it can not only increase the convenience and satisfaction of Staika service users, but also promote the sales of affiliated/in-shop brands. Brands will pay 10% of sales revenue or 3-5% of the unit price as a commission, and the commission for payment with Stika token is scheduled to be 1% to 1.7% of the sales price.

Eco-friendly business model through trade-in and upcycling of used goods

Users can apply for trade-in-upcycling service for their used outdoor products at the Staika NFT Marketplace. We plan to establish regional bases through partnerships with upcycling workshops and related associations, and limited edition products and custom NFT items will be created through upcycling. Those who apply for a trade-in can generate additional revenue through NFT auctions. Trade-in fees can be paid in Staika tokens up to 30% of the actual product.

Token Structure

The two elements that make up the token economy of Staika are Taika(TIK), which is a reward obtained through the prticipation in M2E(Move-To-Earn) services, and Staika(STIK), which is the governance token of Staika ecosystem. They are designed to contribute to the maintenance and development of the Staika ecosystem and token economy, each functioning organically with its own characteristics and roles. And Aika is a fixed-value point currency that will be used on a platform that will be built on a Consortium Blockchain in the future.

Staika (STIK): The governance token of Staika ecosystem

Taika(TIK): In-service token of Staika services

Tokenomics

User (B2C)

• When minting, synthesis and trading NFT within Staika service such as M2E and P2E
• When using as a payment method within a specific service

Partnership/in-shop brand (B2B)

• When marketing their products or services to users of the Staika project

Local government / National Parks (B2G)

• When using Staika tokens in collaboration with Staika Project to revitallize the local economy

NGOs and Social Enterprises

• When Staika is funded for NFT products within the Staika Project Service

Staika Alliance users (B2B)

• When exchanging tokens earned as rewards for content activities and development for Staika within the Staika project service.

Token Supply & Distribution

Staika has a limited issuance of 250 million STIK and will be issued as below ratio for 8 years.

How and Where to Buy STIK token?

STIK has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy STIK token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase STIK from the exchange.

The top exchange for trading in STIK token is currently: Gate.io.

Find more information STIK token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is CryptoGPT (GPT) | What is CryptoGPT token | What is GPT token

In this article, we'll discuss information about the CryptoGPT project and GPT token. What is CryptoGPT (GPT) | What is CryptoGPT token | What is GPT token?

CryptoGPT is the ZK Layer-2 blockchain that powers the AI revolution. $GPT blockchain hosts apps with 2+ million active users, placing it as one of the biggest blockchains at launch.

ZK Layer-2 Blockchain that lets you own the monetisation of your AI data. Turn every task of your daily life into a source of income.

Data & AI

Data is the economic backbone of the digital age. The biggest modern tech companies have been built thanks to the efficient collection and monetization of user data. Big Tech - Meta, Google, Amazon - are data businesses at heart, selling user data to advertisers to become the most valuable companies in the world.

However, it is expected that data will become even more valuable due to the Artificial Intelligence (AI) boom that the tech sector is experiencing in the upcoming decades. AI requires advanced data to train more sophisticated algorithms - companies that supply high-quality data will reap the benefits of this surge in demand.

Blockchain emerged as a means for innovation in decentralizing power, technology, capital, decision-making and other aspects of modern business. Of many blockchain applications, tokenization is the most adopted and applied in daily use.

Tokenization allowed for blockchain technology to reach mass adoption - users finally had an incentive to engage with new protocols. Tokenization gave rise to ‘to earn’ models that became the fastest way to onboard users in web3. Move-to-Earn startup STEPN onboarded 5+ million users in months, while Play-to-Earn game Axie Infinity peaked at 3+ million total users.

The first sustainable ‘to earn’ ecosystem that pays users for contributing data that is then sold in the global data marketplace.

CryptoGPT is the Ethereum layer-2 that is the dedicated blockchain for AI development. CryptoGPT combines the commercial applications of AI with a mass adoption-proof tokenization mechanism - via our $GPT token.

Extraordinary means for extraordinary results.

CryptoGPT, like ChatGPT, is aimed at mass retail adoption - in contrast to other blockchain-based AI projects. This opens up an untapped market opportunity: entering the market via consumer apps.

Owing to our web3 native marketing channels and value proposition, we have already onboarded applications in gaming, fitness, education, travel and other verticals.

This will serve as a cornerstone to upcoming ecosystem products, including Data Capsule NFT, Launcher, SDK and Core.

CryptoGPT’s success is built on unique user and developer acquisition strategy, solving the biggest bottleneck: sustainable and predictable adoption.

CryptoGPT is a Layer2 blockchain network. A subcategory predicted to lead the next bull cycle - thanks to the recent Ethereum’s move to Proof-of-Stake model, believed to accelerate L2 usecases.

In reality, most of Layer2s compete on marginal technology metrics -  in a race to the bottom for transaction speed, cost, throughput, scalability. While those are essential, the value to be further unlocked is minimal.

Competing Layer2 blockchains often miss there is vast differentiation to be achieved in other verticals - namely marketing, business development, and business model innovation.
 

CryptoGPT: Time-Tested Business Model

Data is set to become an asset class that powers the AI revolution. The increasing demand for high quality data to improve AI models is likely to lead to new companies creating a lot of value in the global data market.

Big Tech players - Meta, Google, Amazon and others - already created trillions in value from collecting and selling user data that the users never directly benefitted from. Building a decentralized solution where users choose to productize and earn from their data opens untapped sources of income.

CryptoGPT innovates the core business model of blockchains

We are unlocking mass adoption by offering apps and users new ways to monetize and productize something that they already have: data. This presents a no-brainer choice for apps to easily join and onboard onto the ecosystem via CryptoGPT SDK as they can obtain new streams of income they never imagined.

Minimizing developer and user friction to onboard and offering valuable rewards is often seen as a sign of unsustainable practices - Terra’s Anchor Protocol, having attracted billions of TVL, contributed to eventual collapse. However, Terra never achieved a sustainable business model that CryptoGPT has implemented as an active contributor to the global data marketplace.
 

CryptoGPT is providing new value in three ways:

01. Apps onboard due to new cashflow from monetizing user data upon user consent

02. Users join due to #AItoEarn models where they can use the same apps, but get paid while doing so

03. Hundreds of businesses globally - in healthcare, insurance, finance, advertising, education, etc. - buy user data from native apps

Economy

CryptoGPT is an Ethereum layer-2 and its native asset is the GPT token.

The GPT token is the first of its kind multi-value gas token. It has necessary demand as fuel for network transactions. It is topped up with value funnels from validator staking, cash flow from Core products, and power of fee treasury which can be deployed for liquidity events like buy backs, burns, and/or expanded yield.

Global Data Marketplace

Ecosystem income

Every sustainable ecosystem requires income sources, and only then can sustainable value be created for its community. CryptoGPT has diversified income funnels, making it not reliant on any particular cause and robust against volatility.

Gas: Transaction fees are a reliable and highly scalable form of ecosystem income. As a foundation for the decentralized AI economy, CryptoGPT is a high throughput and minimal cost network, making it the go-to platform for applications that want to cater the billions of AI customers.

• Core Apps: Core Apps are developed by the Foundation to kickstart the ecosystem data economy. They also serve as a pillar for ecosystem income.
• GPT Data Market: The crown jewel of the ecosystem: a platform for developers and companies to offer consented data to purchasers. The GPT Data Market has the potential to disrupt the global data trade in favor of the common man.
• Data Capsules: The NFT that sets the golden standard for utility. Each Data Capsule carries the unique data imprint of its data miner. These are purchased either directly by end-point customers or acquired and then distributed by developers and companies.

Cash Flow to $GPT Token

GPT stakers, among a variety of utilities, get power of the ecosystem treasury. The ecosystem treasury is fed by certain ecosystem income funnels, and is the essential means of re-distributing the wealth generated by the AI revolution.

• Buy Backs: The DAO controlled by GPT stakers can vote to use treasury funds to buy back GPT from the open market.
• Burns: The DAO controlled by GPT stakers can vote to use treasury funds to run constant burns of GPT tokens bought from the market.
• High Yield: The DAO controlled by GPT stakers can vote to use treasury funds to buy GPT tokens on the market and distribute these to stakers to provide a generously high staking yield.
• Venture Investments: The DAO controlled by GPT stakers can vote to use treasury funds to buy seed and private investments, particularly in other AI developments, to exponentially grow community stake in the AI economy. The status quo disruption turns the community into the VC.

Ecosystem Value

As the first of its kind multi-value native asset, GPT tokens have ecosystem value beyond gas. The tokens can be staked or held for a variety of powerful utilities.

• Discounts: GPT token stakers can unlock discounts across a variety of ecosystem products, particularly the GPT Data Market. This utility has the potential to drive mass distribution, with each participant in the ecosystem having a serious incentive to lock up GPT.
• Liquidity: As the native asset of the ecosystem and unstoppable decentralized gas token, GPT cannot be censored, making it a powerful money for the data economy it builds. Data miners and buyers transacting in GPT have the benefit of immediate liquidity and forego the fees of having to trade in/out of other money.
• Network Validation: GPT token stakers lock up their position to validate the network. These can be delegated as well. The ecosystem nodes in turn earn a portion of block rewards, which mature to be sustained by network transaction fees.

Technology

To achieve our vision, we combine two most advanced complementary technologies that never worked in tandem.

• zkRollup Layer-2 blockchain that enables private, secure, and scalable transactions
• Data-to-AI Engine that collects, processes, encrypts and packages data for commercial applications

The application of zkRollup

1. ZK-rollups are a secure method of storing and sharing information online. They are different from other systems because they use trustless cryptographic setups to ensure security. This means that instead of relying on honest validators and sequencers like optimistic rollups, ZK-rollups use special codes to keep information safe.

2. ZK-rollups use validity proofs to authenticate off-chain transactions. This helps prevent operators from making incorrect changes to the Ethereum state. With these proofs, ZK-rollups can update the state of their host Layer-1 blockchains by storing compressed transaction data on-chain. This helps ensure security, decentralization, and resistance to censorship.

3. Another advantage of ZK-rollups is that they are faster than other systems. With ZK-rollups, transaction finality periods are shorter because they only need the blockchain to verify validity proofs submitted by the sequencers. This means that withdrawal delays are minimal and there is greater capital efficiency for users. 


4. ZK-rollups are also more cost-effective than other systems. They use excellent data compression techniques, which reduces the cost of publishing data on-chain. This results in lower fees for users

5. Finally, ZK-rollups do not require users to validate the blockchain to protect their assets. This is because they do not depend on liveness assumptions. Unlike some sidechains and scaling solutions, ZK-rollups do not require extra work from users to ensure the safety of their information.

How and Where to Buy GPT token?

GPT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy GPT token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase GPT from the exchange.

The top exchange for trading in GPT token is currently: Bitfinex. Bybit, BingX, Bitget, DigiFinex, and Gate.io.

Find more information GPT token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is Giant Mammoth (GMMT) | What is GMMTchain (GMMT) | GMMT token

In this article, we'll discuss information about the GMMTchain project and GMMT token. What is Giant Mammoth (GMMT) | What is GMMTchain (GMMT) | What is GMMT token?

Giant Mammoth Chain solves the problem of scalability and security and builds a high-level network. It is designed for applications that build their own chain, including higher speeds and lower network gas costs than before, EVM compatibility, and risk mitigation.

GMMT is a project that started with inspiration from the Layer 1 and Layer 2 solutions that are currently attracting a lot of attention. It is designed to go beyond the limitations of a Layer 2 chain belonging to one Layer 1 chain, and ultimately build a true multi-chain by belonging to multiple Layer 1 chains.

Increasing utilization and expanding the ecosystem

It is a token that can be used in various ways such as Defi, Event, and Transaction Fee as well as NFT.

Features

• High level of scalability
• Advanced Logic
• Expanded interoperability
• Provide multi-chain infrastructure

Technology

1. Staking & Staking Pool

It supports an on-chain staking system and uses a Proof of Authority (PoSA) staking model.

This allows users to delegate tokens to specific validators and share the validators’ rewards
based on their total staking amount.

2. PoSA Consensus

Users can stake to verified validators on the Giant Mammoth Chain network and ensure the safety of operations applied to the chain.

3. Blockchain & EVM

For block generation and EVM transaction execution, Giant Mammoth Chain can define its own runtime execution environment based on future WebAssembly, for example

4. Web3 API

This is for the compatibility of the NMC chain with the Web3 ecosystem, including MetaMask and other applications.

5. Runtime Upgrade

A system smart contract allows you to modify the existing bytecode for a system smart contract.

This scheme is much simpler compared to hard forks as all validators do not have to upgrade their nodes.

6. Governance

A decentralized voting system for managing and implementing changes in the cryptocurrency blockchain.

Modular blockchain

While other mainnets were premised on increasing processing power within a single blockchain for their previous scalability improvement attempts, Mamoth approached to overcome the trilemma by sharing each function of the blockchain by multiple chains. The data processing process of the blockchain is simplified as follows. Blockchain verifies that the current chain state is correct through consensus among nodes such as PoS, PoW, and updates the chain's state information by executing the transactions.

The process of verifying transactions executed while ensuring transparency and immutability of data, information about the transaction must be distributed on the network so that other nodes can always see it, which is called data availability. The above execution, agreement, setting, and data availability can be viewed as four main functions of the blockchain. A typical blockchain handles all four of the above functions in one chain, and this method is called monolithic blockchain. Modular blockchain, on the other hand, can handle some or all of the functions of execution, agreement, settlement, and data availability in different chains, making processing faster and more efficient than ever before

In summary, if the monolithic blockchain approach was to derive a balance of scalability that can be reached under the constraints of the chain itself, the modular blockchain approach is to overcome the trillema of a single chain by sharing each function of the blockchain to different chains.

Giant Mammoth Chain will share the role of Giant Mammoth Chain's data availability layer with its IPFS-enabled file-coin network because it is a modular blockchain that imparts security to BSC and Ethereum, and all nodes cannot store all their data continuously due to massive transactions and data.

You can also continuously monitor Ethereum updates, improve scalability while providing high decentralization and security with an off-chain rollup solution, EVM compatibility to improve data availability, and EIP-4844 - Danksharding. Giant Mammoth Chain is in the process of updating by introducing the part of EIP-4884's Danksharding that can be introduced in advance to Giant Mammoth Chain.

The modules provided are as follows:

• Staking & Staking Pool: Supports the on-chain staking system and uses the Proof of Rights (PoSA) staking model. This allows users to delegate tokens to specific validators and share their rewards based on the total staking amount.
• PoSA Consensus & Staking: Users can staking to authorized validators on the Giant Mammoth Chain network and ensure the safety of operations applied to the chain.
• Blockchain & EVM: For block creation and EVM transaction execution, Giant Mammoth Chain can define its own runtime execution environment based on future WebAssembly, for example.
• Web3 API: For compatibility of the NMC chain with the Web3 ecosystem, including MetaMask and other applications.
• Runtime Upgrade: System Smart contracts allow you to modify existing byte codes for System Smart contracts. This scheme is much simpler than a hard fork because not all validators need to upgrade nodes.
• Governance The distributed voting system for managing cryptocurrency blockchain, and implementation system.

Layer2

Giant Mammoth Chain improves transaction processing in a modular way. The most basic idea is to isolate the ability to execute transactions. Among the three functions of the blockchain, the Layer2 (L2) method is used to execute transactions outside the main chain, and to perform the remaining agreements and data availability on the main chain. The main chain based on the name given to the two layers to share different functions is called Layer1(L1), and the separate chain that executes the transaction is called Layer2(L2) in preparation for this.

Layer2 is connected to Layer1, so some of the necessary work is shared with Layer2. In short, Layer2 is the layer for division of labor. What blockchain does is largely divided into three categories: agreement, execution, and storage. 'Agreement' is to verify the block, 'Execution' is to change the state, and 'Save' is to record the results. 'Agreement – Execution – Save' can be shared between blockchain operations (monolithic) or 'executive' operations, which were originally considered as one. It's like connecting a graphics card for your computer's computational speed. So the role of Layer2 is to quickly replace the complex operations required by Layer1.

Here, Layer 1 coins are coins with their own blockchain, including Bitcoin, Ethereum, Solana, and Clayton, and Layer 2 coins include Polygon, Omigo and ImmovableX.

ZK-Rollup

Rollup is one of the leading Layer 2 scalability solutions. Every time a batch is created in a roll-up chain, zk roll-up goes through a knowledge-based proof process that represents and encrypts the transaction rules as a mathematical function and converting an unstructured universal smart contract into a processable function form as a knowledge-based proof is a difficult technique.

Giant Mammoth Chain introduced ZK-Rollup to address the network scalability challenges facing traditional Mammoth networks and bottlenecks that limit TPS after EVM activation. It has the same security as Layer1. Using zkSNARK proof eliminates the need for users to trust third parties or monitor Rollup blocks to prevent fraud. Block verification is fast and inexpensive because computation and state storage are performed off-chain, and validation is performed instead of all data through ZK-Rollup.

ZK-Rollup uses a Zero-Knowledge Proof method that verifies transaction history without exposing the key. It is a method of verifying only some evidence without looking at the entire original by presenting a procedure that allows only transaction details with true data without directly providing information such as Key. By default, it performs calculations, binds transactions, and moves transaction data out of the main blockchain to extend the underlying blockchain network, namely Layer1.

Built on the ZK-rollup architecture, Giant Mammoth Chain can bundle (or “roll-up”) hundreds of offchain transactions and then generate cryptographic proofs to validate the transactions contained in each batch. Cryptographic proofs are in the form of succinct non-interactive argument of knowledge (SNARK), which can validate and secure any single transaction in the roll-up block. Users do not need to trust third parties or continue to monitor roll-up blocks to prevent fraud. Seamless L1-L2 communication: BNB and BEP20/BEP721/BEP1155 tokens generated by GMMT, BSC, or ZK-GMT are freely compatible between BSC and ZKGMT. Faster transaction speeds and faster completeness: ZK-GMT supports 100 million wallet addresses and creates an environment that can handle up to 10,000 transactions per second (TPS).

In addition, all account data is organized in tree form. The root hash value of the tree can identify a unique world state. At the same time, Merkle branch verification technology allows you to verify that your account data belongs to the world state. This is also an important part of proving transaction validity in ZK-Rollup. This design document focuses primarily on ZKBNB's global state tree design, including basic structure design, cache design, and persistence design.

Rollup increases scalability because it first deploys large volumes of transactions, reducing the number of transactions and the size of data that must be processed on the main network. For transactions that send ETHs, less than 12 bytes of data is placed on L1 when running in the rollup chain, saving nearly 10 times as much as when running in Ethereum. For another reason, main chains, such as Ethereum, are limited in speed and block capacity to maintain decentralization and security, while rollup chains that are solely responsible for code execution are relatively free from such constraints. The level of scalability can usually be expressed as transaction rate or cost. For speed, you can use the transaction latency again and the throughput per unit hour (mainly expressed in TPS). However, it is important to keep in mind that TPS is an indicator of reference and not an absolute criterion.

Validator

The Node in Giant Mammoth Chain consists of 21 validators and delegates voting for validators. New validators with the most GMMT staking are selected each day, and authorized validators in turn create blocks in a PoA manner. Here, they can get a fee as a reward for validating and creating blocks in the Giant Mammoth Chain. A BFT-like agreement in which only one validator has to generate a block and wait for a verification time, typically 2/3*N+1 to verify the accuracy of this operation

Lightweight client security

The validator set validator set change occurs in the (Epoch +N/2) block. Delay N/2 blocks and allow validator set changes to occur considering the security of the light client. In all epoch blocks, the validator queries the contract for a set of validators and fills the Extra Data field in the block header. Meanwhile, the entire node checks for a set of validators for a contract. The light client uses it as a validator set for the following Epoch block but cannot verify the contract and must trust the signer of the Epoch block. If the signer of the epoch block creates an invalid Extra Data, the light client may move to the wrong chain. Delaying the N/2 block to allow validator set changes to occur prevents the light client from being attacked because the incorrect Epoch block does not get another N/2 subsequent block signed by another validator

System transaction

The consensus engine can invoke a system contract, which is called a system transaction, and the system transaction is signed by the verifier who creates the block. For witness nodes, system transactions (no signatures) are created and compared to system transactions in the block prior to application based on unique logic.

Governance

Giant Mammoth Chain has on-chain governance that allows users to participate and contribute to protocol stability and development through engagement and staking, and many system parameters (broker compensation, staking compensation, number of validators, changes in the chain, etc.) are determined by governance to improve other mechanisms and scaling solutions.

Voting rights are distributed according to the total amount delegated to the validator. It is designed for everyone in the chain to execute if the quorum ⅔ is reached and more than 51% of the votes are for the proposal.

Reward distribution

Validator can execute the transaction to receive compensation. Each transaction has a running cost and 15/16 of this cost goes to the validator, but 1/16 of the compensation goes to system funds that can use these funds for system needs, such as applying bridging costs. Not all block rewards go to the owner of the validator. Some of them are also distributed among delegates

POINT OF DIFFERENCE

Distribution

Ecosystem: 3,000,000,000 (60%)

Operation: 750,000,000 (15%)

Investment: 750,000,000 (15%)

Foundation: 250,000,000 (5%)

Marketing: 150,000,000 (3%)

Team: 100,000,000 (2%)

Total: 5,000,000,000 token 

A total of 5,000,000,000 Giant Mammoth Coins are issued, with 3,000,000,000 in circulation, accounting for 60% of the total, operating expenses 750,000,000 (15%), operating expenses 750,000,000 (15%), cutting volumes 250,000,000 (5%), marketing 150,000,000 (3 %), team 100,000,000 (2%).

How and Where to Buy GMMT token?

GMMT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy GMMT token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase GMMT from the exchange.

The top exchange for trading in GMMT token is currently: BitMart.

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT

Find more information GMMT token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is Mythic Ore (MORE) | What is MORE token

In this article, we'll discuss information about the Mythic Ore project and MORE token. What is Mythic Ore (MORE) | What is MORE token?

Mythic Ore is a digital currency that combines token mechanics with NFTs and decentralized gaming. Their thoroughly designed marketplace allows users to steal NFTs in an innovated way. On each NFT steal, previous holder gets partially or fully compensated, based on the amount of BNB spent on the NFT.

Get Mythic Chests by playing Mythic Maze game, purchase them on the Treasures Market, win in competitions or buy them from other users. Unlock the chests and grab special runes that you can use inside the ecosystem for various activities. Use upgrade runes to upgrade NFTs, improving its rarity while adding additional benefits that play a major role inside the ecosystem.

Upgrading the NFTs also change its art design (dynamic art) to match the rarity and attributes, additionally boosting its steal price. While holding an NFT, upgrade it to get a referral code and earn 1% of each transaction made on our swap from other users that use your referral link or code. Using the code gives 0.5% fee discount for all transactions for your referrer. Once a week there is a hidden treasure placed inside a Mine NFT.

Hold NFTs with Saronite Ore farming attribute, and use them to participate in the weekly Gem Hunt by increasing your mining power and improving the chances to find the treasure first. Mythic Ore smart contract is not a fork of any others, but it is written based on already existing mechanics with many improvements and upgrades.

FEATURES

COLLECT

TO GET ALL THE BENEFITS

• Mint NFTs from limited Mines collection
• Get up to 8 benefits by holding them
• Steal and protect your Mines from others
• Buy or sell NFTs on our marketplace
• Upgrade Mines and get more bonuses
• Check out amazing dynamically generated art

PLAY

TO WIN IN SPECIAL GAMES

• Join weekly Gem Hunt for a big win
• Play and win in our upcoming special PvP game using your Mines and Miners
• Challenge your friends or strangers, beat them all in a massive-scale strategy
• Try your luck in decentralized betting games powered by Chainlink

EXPLORE

TO FIND AMAZING THINGS

• Earn treasures during community events
• Get them from mythic chests by playing
• Use your treasures to upgrade, modify, protect Mines or get other bonuses
• Become a referrer and earn on our swap
• Buy or sell treasures on marketplace
• Forge special bars or upgrade runes

MINES NFTS

+ INNOVATIVE REFLECTIONS

Total amount of 2.500 Mines are available for mint in different phases, and before launch there are only 250 NFTs to mint.

Each Mine may have up to 3 greater attributes, namely: Mythic reflections, Game bonus, Saronite farming (our secondary currency); 4 lesser attributes that give you discounts on: buy tax, sell tax, marketplace fee, shield fee; and a special referral tag. Based on greater attributes, Mine is named a common one, rare, epic or legendary. Mines are upgradable, their artwork and colors change dynamically!

Mythic reflections combine NFT and token holdings - we call it RE:SUS (Reflections: Sustainable System). It distributes reflections over time instead of instantly on every transaction. 

You can trade Mines on the marketplace, but also you can steal them from careless miners - if Mine is not shielded, it can be stolen by others. If such thing happens, previous owner gets compensated and, actually, might even make a profit!

GAMES

Every week, 3 random legendary Mines are selected to be in a Gem Hunt event. One of these mines will contain treasure - big prize in BNB. All can participate by buying mining power for any of these mines with saronite. At the end of the week it will be revealed which mine had the treasure and who won it. Lucky winner gets 90% of the prize pot, while the owner of lucky Mine NFT gets remaining 10%.

Our main game called Mythic Maze is a massive PvP strategy where players bet to enter and battle to win the prize pool. A treasure is hidden inside the Mythic Maze on which players have to find their way to it faster than the opponent. A big fog disrupts the view, they can not know where the treasure is hidden. Mines NFTs can be used to gain passive bonuses, while Miners NFTs provide active bonuses with a cool-down after each use.

Decentralized games is an additional path of expanding the ecosystem with unique on-chain betting games and will be prioritized after Maze game release.

TREASURES

Stay active on our social medias, participate in competitions and earn special treasures. They include: Ameliorate Runes that can be used to upgrade Mines NFTs by unlocking greater attributes (token reflections, game bonus, saronite farming) or lesser attributes (buy/sell tax discount, shield discount, marketplace fee discount); Shield Runes to protect your Mines from thievies (for 2/7/30 days); Eternal Shield Rune which upgrades your Mine to legendary, thus shielding it forever, Divine Runes that change random attributes of your Mine; and Vision Runes that allows you to get a Mine for free.

You can also get a Road Sign to place in a Mine, activating referral tag bonus. Anyone who makes a swap using our Dapp with your Mine's referral code gets a 0.5% tax discount, while you get 1% of the swap value in BNB.

You'll be able to forge Saronite and Mythic ores to create Mythril Bar, a currency that will be used to mint Miners NFTs in the future. Some of the runes could also be forged to create better ones. There will be a treasure Marketplace for anyone to buy or sell their possessions.

SWAP & REFERRAL SYSTEM

Share & Earn with our referral system by activating a referral tag on your Mine. It is a 4 digit code (or a link) that can be used to invite new people to join Mythic. If new user uses your code while swapping on our DApp, they receive 0.5% tax discount, and you'll get 1% of their swap value in BNB.

Note that if NFT with referral tag gets stolen from you (or you sell it), you no longer may claim referral earnings from this NFT, but all unclaimed and future earnings become in possession of a new owner. Also, real amount of BNB pending to claim from refferals may gradually change through time, depending on token price movements. Because of these reasons, we advice referrers to claim their earnings more frequently!

Using the same swap on our DApp, you also have access to auto-slippage system, that checks all your discounts and recent price fluctuations, thus determining recommended slippage for you to use. own developed Auto-Slippage system that checks all your discounts based on your NFT holdings & price.

TOKENOMICS

Contract Address: 0xd6163ceC51F2e7C5974F3F4Ce8FDb9c80ABF142e

Name: Mythic Ore

Symbol: MORE

Decimals: 18

Total Supply: 100,000,000 Tokens

Max Wallet: 1,000,000 Tokens (1% of total supply)

• Treasury: 2%
• Reflections: 1%
• Gem Hunt: 1%
• Liquidity: 1%
• Team: 1%

BUY 6%

• Treasury: 4%
• Reflections: 2%
• Gem Hunt: 2%
• Liquidity: 1%
• Team: 1%

SELL 10%

Out of 40% for public sale, 25% sold to the public and 15% used for initial liquidity and locked.

All reserved tokens (for expansion, backup, liquidity injection, team, marketing and rewards) are locked and will remain like that till needed. We'll be extending the lock if its not yet time to use these tokens.

There is 6% buy and 10% sell tax. We cannot make any tax higher than 10%, there is a restriction in contract's code. It is also impossible to restrict trading in any way. Only limit for investors to face is max wallet, which is 1% of the max supply.

When you have tax discount, tax is scaling evenly corresponding to that. Read more about our tax system on the whitepaper.

Roadmap

• Main Idea, the Concept
• Development starts
• Mythic Ore smart contract
• Token Reflections (RE:SUS) concept
• Optimized proxy marketplace smart contract
• NFT Stealing mechanism, trading & shielding
• NFTs Greater & Lesser attributes (benefits) implemented
• Swap & Auto-slippage systems
• Saronite Ore proxy contract & mechanism
• Referral system
• DApp UI Design
• Gem Hunt proxy smart contract
• DApp Updates & UI Testing
• Mythic Chests & Runes concept
• Greater & Lesser attributes upgrades
• Runes art design
• Custom Telegram Pre-Verify Portal bot
• Final smart contracts tests, fixes and upgrades
• Mines NFT collection design
• Mines NFT art generator program
• Website's main page
• Final DApp testing, fixes and upgrades
• KYC & Audit
• Mines NFT minting in 2 pre-launch phases
• Public sale on Gempad
• Pancakeswap listing
• CMC & CG Listings
• Treasures marketplace
• Forge for Mythril Bars and runes
• Mythic Chests launch on Treasures Market
• Second generation of Mines NFT collection
• Start of the Mythic Maze game development
• Release of Miners NFTs active bonuses
• Release of Mines NFTs passive bonuses
• Miners NFT collection
• Miners NFT marketplace
• Mythic Maze documentation & test launch
• Mythic Maze game launch on mainnet
• New game modes in Mythic Maze
• Art & Web design updates
• CEX Listings Tier 3
• CEX Listings Tier 2
• Development of Decentralized games

How and Where to Buy MORE token?

MORE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy MORE token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase MORE from the exchange.

The top exchange for trading in MORE token is currently: PancakeSwap (V2)

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT

Find more information MORE token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is CarrieVerse (CVTX) | What is CVTX token

In this article, we'll discuss information about the CarrieVerse project and CVTX token. What is CarrieVerse (CVTX) | What is CVTX token?

The metaverse platform 'CarrieVerse' is a space where Carrie and her friends live together based on blockchain technology. You can enjoy various activities and experiences in that space. Through the storytelling of Carrie, Kola, and friends, you can experience various episodes in the metaverse. Whether you're playing games, studying, chatting at a café, or going to an amusement park with friends you've made at CarrieVerse, you'll be able to enjoy a variety of experiences.

CarrieVerse is a metaverse that embodies the virtual reality world. It is a digital space where endless imagination can become a reality, and where users can to access CarrieVerse through characters that represent each user's personality as well as engage in various social activities and other economic activities such as value creation.

In the situation of fragmented relationships in the modern era, we wanted to create a space full of fun vibes and vitality. It is a family-style metaverse platform where the whole family, regardless of age, can enjoy content and try various activities. In addition to having fun based on various contents rather than just games, we also used spaces such as schools and classrooms to build a universe capable of edutament. Also, it is designed so that anyone can conveniently access it and quench their thirst for self-realization and individual expression.

In CarrieVerse, users can earn utility tokens by playing the game. Based on each individual’s personality, you can create various experiences in the world of CarrieVerse, as well as enjoy activities in all areas of the metaverse economy and not just game activities. It is also a place where you can showcase your personality by decorating your avatar. The CarrieVerse is a space where you can reveal your ego with your own characteristics, personality, values, etc. There is a social media (SNS) that connects the real and virtual worlds, so you can communicate with the in-game world.

In addition, there is a social media (SNS) that connects reality to the virtual world, which enables communication with the in-game world. You can print conversations and e-motes between users, as well as make friends with users from all over the world to party together. You can also manage your own profile and express your like for other users' profiles. This popularity can also be reflected in your popularity rankings from which you may benefit.

Why Carrieverse?

Access: Easy Access & Life-Logging

• We intend to design a user-friendly platform to enable the enjoyment of DX (Digital Experience). We tried to create a friendly platform that is convenient and has low access barriers, so it can naturally integrate into people's lives. It is composed of content that platform users of all nationalities and ages can enjoy.

Blockchain : Smart Contract & Security

• Blockchain technology has caused such a huge stir that it can be considered a pan-industrial innovation. Problems and side effects that may occur between stakeholders can be solved with blockchain technology. We are currently witnessing the utilization of blockchain in almost all fields such as finance, trading, banking, IT, and gaming industries, Cling has tried to solve the ownership of game goods and the rigid game operation structure of the existing gaming industry with the utility and security of blockchain.

Credibility : Transparency & Trust

• In addition, the transparency and reliabilty characteristics of blockchain technology will help maintain a healthy and mutually trustworthy gaming ecosystem. In particular, blockchains contain smart contract contents in the node, so all participating parties can check it at any time. We will value relationships with our players and move forward together with policies and visions to build trust.

Democracy : Governance & Decentralization

• Although there are various governance systems and types, the social utility and value of democracy can be considered superior. There are five main elements that make up a democracy: Participation, Pluralism, Developmentalism, Protection, and Performance with the technology that can contribute to building these democracies being called blockchain. Within a decentralized autonomous organization on the blockchain network, all stakeholders can express their intentions and operate the ecosystem in a democratic and fair environment

Mission

• Content that can be enjoyed and consumed in the game
• Grant ownership of digital assets
• Participate in service operations and decision-making (DAO)

Our Vision

First, the current kids’ content industry is experiencing increased demands through channels such as video streaming platforms and mobile applications, with a is fierce competition among media providers for broadcasting rights. In the kids’ content industry, which is expanding into various areas, Carrieverse aims to maximize the net functions of Gamification and Edutainment using blockchain technology to become a content platform that integrates into people's daily lives.

Second, the management of the goods and assets in the existing game industry was entirely owned by the game company and depended on the existence of the company, while the time and value of the players often disappeared with the history of the game company. The trading of game goods and items in Carrieverse differs from the traditional trading of game items. Just like real goods and services, It can be seen as a kind of asset that can be exclusively owned and freely traded. Therefore, players can freely trade C2C, while taking direct ownership of game’s goods regardless of the game provider.

Third, the DAO, where decisions are made through smart contracts, was integrated into the metaverse platform to achieve access to governance decision-making structures. This means that it can be operated by player’s votes, and makes it possible to prevent malicious interference from decision-making by requiring proof of stake through the deposit of game tokens or owning NFTs to participate in decision-making.

Token Economy

The development of the token ecosystem, which drives the preservation and delivery of value of tokens, and takes the lead of stakeholders’ behaviors, plays a key role in building and developing the blockchain ecosystem. There are two types of tokens on Cling Platform and ecosystem: native token ($CVTX) that estimates the entire value of ecosystem and game-utility tokens required to access various contents.

• Digital Ownership of Game Assets: Users can always own NFTs or tokens based on digital proofs. By using Cling, all NFTs can be tokenized for use-cases in other contents or for trading with other virtual assets.
• Consistency and Security: The $CVTX ecosystem will simplify the process of tokenizing and exchanging NFTs. Cling uses the blockchain market and distributed networks to provide the most transparent and secure transactions, and when NFTs are created, they continue to have a unique identity-based value that distinguishes them from other goods based on the security provided by the blockchain..
• Value Preservation: Token holders can use their tokens in games within the ecosystem, exchange them for other tokens or coins through Wallet and DEX, and trade NFTs through the marketplace. Therefore, Cling play a role as a platform that can increase the value of game items and contents.
• Rights for making decisions: By holding $CVTX tokens, users have voting rights regarding governance and operations, and users are able to influence the operational policies about item trading and games.

Details

• Token name: Carriverse Token Token
• Ticker $CVTX
• Max Supply 1,000,000,000
• Token Type: ERC-20
• Token Contract: TBA

$CVTX & Token usage

The governance token, $CVTX, native token, can be freely held and exchanged on blockchain networks.

Each content onboarded to the platform does not affect one another, and the token economy is designed according to content-specific characteristics and ecosystem’s cycle. Also, each token has own roles and structural integrity of utility tokens is managed to maintain the ecosystem suitable for individual content.

Carriverse is built firstly on blockchain mainnet, Polygon, recognized for its higher performance and stability worldwide. Carrieverse continues to expand the ecosystem through partnerships with various middleware and third parties within the Polygon ecosystem. CVTX token, is issued in public nodes, and utility tokens, sub-tokens, are minted for game ecosystem. This ensures a circular eco-system and promotes democratic decision-making and management.

Token Usage 

• Carrieverse Ecosystem

All stakeholders who participate in the Carrieverse’s platform can get rewards based on their contribution and participation, and our platform is designed with the structure for stable operation of contents and tokens.

• Transaction

All trading activities on the platform use CVTX tokens as an exchange medium and can be exchanged for various utility tokens existing on Cling according to the needs of users. For example, a user who is playing Game A and wants to play Game B can use CVTX tokens to exchange Game A tokens for Game B tokens.

Most transaction operations and exchanges of goods take place within Cling's network, and all payment methods are made possible with CVTX tokens. Gameplay users can earn CVTX tokens through rewards earned by selling merchandise or completing missions within the content.

• Purchase

One common business model in the traditional online gaming industry is to generate in-game purchases to enhance the performance of games and other digital gameplay, or to achieve your own play objectives. Games that will be onboarded within Cling may also use governance tokens for economic activities. For example, the CarrieVerse purchase method, which is a metaverse scheduled for onboarding, can also be purchased with CVTX in addition to traditional payment methods, and CVTX tokens can also be used to purchase currency for each game.

• Scale-up of Partnership

$CVTX token can encourage its members to expand community and ecosystem, with the partnership allowing players and users to easily access the content platform and enjoy various services.

• Airdrop & Marketing

Airdrops and on/offline events for Cling are prepared for onboarding content players, with the airdrops of CVTX and these airdrops play an important role in content engagement and community expansion. Our team plans to expand into a virtuous cycle structure that contributes to the creation of the Cling ecosystem through various events such as airdrops.

• Staking

Users can easily start playing contents games on Cling free, but due to the nature of blockchain, many unnecessary transactions are an important problem that must be solved, and safeguards are essential to solve problems. In fact, these safeguards are required for almost data systems, not just blockchain systems, and staking is required to generate transactions. Players can earn corresponding rewards by playing content for 2-4 hours a day, which can be collected to secure the necessary transactions for staking, playing, and trading.

Utility Tokens

Utility tokens are used as measures for the trading and exchange of items, and individual games use utility tokens to encourage community participation throughout the CVTX ecosystem. Utility tokens can be exchanged through the service chain and exchanged for CVTX tokens according to the user's purpose, but they can also be obtained through various interactions while playing content. In this way, utility tokens will be balanced through a circular structure within the ecosystem.

Token Matrix

Rewards (50%)

Rewards will be distributed to grow the ecosystem and integrate various content. The distribution will be made naturally according to the content design. All ecosystem participants (users) can earn tokens through content or exercise certain rights within the platform by holding tokens. Rewards distribution was designed to form a healthy ecosystem where players of the life-logging metaverse "Carrieverse" and the web3 game "SuperKola Tactics" and the users of the Cling Platform and its Defi services can receive rewards fairly.

1. Game-fi Reward
2. Staking Reward 
3. Community Reward
4. Liquidity Pool Reward

Airdrop & Marketing (7%)

The supply for airdrop & marketing is used in marketing activities for initial growth of the platform. It will be used for marketing such as community expansion and branding to build the platform initially, and will be the foundation for continuously promoting the expansion and development of the platform.

Teammates (12%)

The supply to the team is distributed to developers in various fields necessary for the initial development of the platform, developers who participated in the development and operation of the market economy, and other parties directly or indirectly involved.

Advisors & Partnership (3%)

This supply for advisors and business partnerships will be distributed to external advisors and consultants and strategic partners who participated in the initial development and design of the platform.

​Growth Marketing (3%)

Growth Marketing will be used for web3 promotions and bring mass adoption to existing web2 users.

​Public Sale (5%)

Public Sale includes exchange listing, initial operation cost and Launchpad process. Public Sale can be used on several occassion to secure scalable potential partners.

Investors (15%) 

This token volume will be distributed to partners and investors who contributed to the initial creation of CVTX and act as a governance member for the construction of the CVTX ecosystem.

Reserve (5%)

Reserve supply for emergency or dangerous situations during ecosystem operations. It operates flexibly according to the foundation, operating entity, and market construction history, as well as on the basis of prevention/exclusion of sudden fluctuations in the market.

How and Where to Buy CVTX token?

CVTX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CVTX token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase CVTX from the exchange.

The top exchange for trading in CVTX token is currently: Gate.io

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT

Find more information CVTX token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is Vetmeblock (VETME) | What is VETME token

In this article, we'll discuss information about the Vetmeblock project and VETME token. What is Vetmeblock (VETME) | What is VETME token?

The world of business is one that is getting increasingly digital. The emergence of new technologies and alternative fiat such as cryptocurrency has redefined what it means to do business on the web. Decentralised platforms have emerged to make life easier for every stakeholder in the cryptocurrency industry and business generally.

However, these developments have come with unique challenges and risks. These perils have cost a lot of people significant fortune, leaving many bankrupt and others terribly hit, with little hope of salvaging their resources.

One such way is people getting duped by fraudsters who claim to be professionals. They get paid for services and disappear into thin air with their employers’ money. Similarly, people get shoddy jobs.

To ensure that people get value for money and that they are not swindled in an attempt to hire a professional, VetMe has created a platform that is anchored on four (4) utilities to ensure that people go about commercial activities in the crypto space and on the internet generally.

These four (4) utilities are: p2p escrow, vetting, over-the-counter (OTC) trading and know your client (KYC).

With these utilities, VetMe vets professionals for hirers and conducts extensive background check for people in form of KYC. This way, users are able to maximise their resources while getting value for it under safe and secure circumstances. The superb security procedures that have been put in place by VetMe will guarantee that users deal with professional service providers.

Also, the p2p escrow will ensure that money is only released to engaged service providers when the user has certified satisfactory delivery of service. For OTC dealers, VetMe has an impressive network of crypto investors and traders who will come in handy for any kind of deal.

VetMe has been set up with all these features to create a fair and deserving marketplace for every user. Your interests are secure and prioritised on our platform.

Escrow

• The rise of blockchain technology and its attendant features disrupted the regular way of doing business across the globe. But it is unregulated and fraught with danger. It then becomes easy to fall victim to counterfeiters and rookie merchants.
• Consider Cris who regularly needs professionals to help him with designs and mapping. He finds people online and pays them in advance to get the job going. However, he ends up getting duped each time. It is either the person he pays to vanishes into thin air or he gets an abysmal service in return.
• It becomes apparent that an escrow service would solve his headaches overnight.

Vetting

• There are many unverified profiles, details, information and biodata online. This has made engaging service providers a difficult task as many exaggerate their competence or are even fraudsters outright. The implication of this is that many either pay for inferior service or get duped of their resources. Vetting, fact-checking and professional recommendations are then the obvious ways out of this quagmire.

KYC

• Web profiles are not enough to establish a potential client’s identity and personality. More is usually needed to ensure that one is making the right decision at every business turn. However, a lot of people have had to contend with avoidable risks and losses because they are unable to verify the details of their client(s).

OTC

• The concept of OTC is to ensure that crypto transactions that involves huge sums are conducted without attracting unnecessary attention. However, it is usually difficult to find trustworthy crypto investors and traders who would readily do business, especially in an unregulated space. This is why an OTC facility is needed.

Getting the best of VetMe’s 4 Utilities

VetMe’s world-class services are anchored on four (4) utilities. These utilities include: P2P escrow service system, OTC deals, KYC and vetting.

P2P Escrow Service System on the Blockchain

With our P2P escrow service system, you are assured of security and safety when doing business on any blockchain-dependent platform.

Our reputation precedes us and we are trusted my many across the world to esnure that all the parties involved in a deal are guaranteed satisfaction and maximum safety for their services and resources.

For instance, Dan needs the service of a developer and to be assured of getting the best of the transaction, Dan employs VetMe escrow for the transaction. The developer is contacted for a job offer and he decides to proceed with the escrow-involved transaction. By proceeding, it means that VetMe, as the middleman, will collect the payment for the service from the hirer. It is until the hiring party approves that the job done is satisfactory that VetMe will release the money to the contracted developer

This way, a transparent deal is achieved with the parties involved satisfied.

VetMe’s OTC platform

VetMe's OTC platform is a decentralized platform that allows users to connect their wallets, such as MetaMask or Trust Wallet, to the platform. This enables users to trade tokens securely and directly with one another, without the need for intermediaries or centralized exchanges. On the platform, users can choose to either list or swap their tokens.

To list a token, a user offers to exchange it for another token at a fixed price. They can do this by approving the transaction on the listing interface on our platform. Once the transaction is approved, our smart contract will receive the information and list the trade on the platform.

It is important to note that the trader must continue to hold the relevant tokens in their wallet for the duration of the trade. If they don't have the tokens at the time of the transaction, the trade will fail.

VetMe’s Unique KYC service

KYC, or Know Your Customer, is a process used by businesses to verify the identity of their clients and assess their potential risks for money misappropriation, terrorism financing or worse. While many platforms and companies offer KYC services, they are not always effective at preventing criminal activity in the cryptocurrency industry.

To address this issue, our KYC service will go beyond the standard procedures and employ more advanced methods to ensure safety and trust. This includes the use of tools like Google Maps, GPS, and tangible references to collect extensive information about the customer.

By taking these extra precautions, we hope to create a secure and trustworthy environment for our clients.

VetMe’s Vetting Solution

VetMe is a platform that allows users to vet individuals. The individual to be vetted could be Eric a crypto influencer, Ross a crypto trader or Jenna a social media manager anyone. To do this, VetMe relies on a network of ordinary traders, followers of the individual being vetted, and other interested parties who are willing to help with the vetting process.

Currently, VetMe does not have a large database of registered vetters, so we need to find people to do this work by approaching them directly. However, once we have a sufficient number of people registered on our vetting platform and P2P platform, our system will be able to automatically match users with vetting jobs based on the information they provide in their bios during registration.

For example, a user might register as a social media influencer, a cryptocurrency trader, a stock exchange manager or trader, a venture capitalist, a Forex trader, or a project advisor, depending on what their craft is. If a user registers on our platform, they may receive offers from people who need to vet services or individuals in their area, and they get paid for their work.

For example, if a job pays 500 USD, VetMe will take a 20% fee, and the remaining 80% will be shared among the other vetters, who could number up to five (5) or more. In addition to matching users with vetting jobs, VetMe's platform also operates in a decentralized manner. This means that the platform is not controlled by a single central authority, but rather relies on a distributed network of users to function. This decentralized structure allows for greater transparency and fairness, as decisions are made based on the collective input of the entire network rather than by a single individual or group.

AI INTEGRATION IN VetMe

$VetMe strive to integrate AI into our vetting, KYC, P2P escrow service, and OTC platform.

Integrating AI into vetting, KYC, P2P escrow service, and OTC platform would be done in various ways such as:

• Vetting: VetMe will use machine learning algorithms to analyze large amounts of data and identify patterns that can be used to identify high-risk individuals or organizations.
• KYC: We will use computer vision and natural language processing to automatically extract information from ID documents and verify the identity of users.

P2P escrow service: Using smart contracts and blockchain technology to automate the escrow process and ensure that funds are released only when certain conditions are met.

OTC platform: Using AI-powered smart contract can be used to automate the OTC process, for example, escrow process, conditions for releasing funds, etc.

It's important to note that VetMe will consider the ethical and regulatory implications of using AI in these contexts, such as potential biases, data privacy and security, and compliance with relevant laws and regulations.

TOKENOMICS/ DUAL-TOKEN MODEL AND FEATURES

The total token supply is one billion (1,000,000,000) and it is fixed. Our marketing tax is 3%, 1% for development and 1% for the LP. The VetMe token serves a dual purpose i.e. it is a utility token and it also is a means to fund the project in terms of the taxes.

Also, the fees from development can be used to get our utilities out.

Token Utilities/Usecase

• 50% Profit sharing to people who stake VetMe. 
• Using VetMe Token for payments attracts zero fees. 
• Staking Dapp: VetMe Token will be available for staking after our first utility is ready.

Road Map

• VetMe Team Creation
• Strategic Planning and Development
• Acquisition of Safely escrow
• Team expansion and development
• Partnership with Schrodinger
• Pre-launch marketing
• Token creation on the ERC network
• Team KYC and Token auditing
• Project marketing
• Release of P2P escrow Beta version
• Release of OTC platform prototype
• KYC and Vetting Platform prototype
• OTC and the P2P escrow Platform Launch
• Products branding and development
• Platform and Token marketing
• Bridge to the Arbitrum Network
• Roadmap review
• Media establishments

How and Where to Buy VETME token?

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase VETME from the exchange.

The top exchange for trading in VETME token is currently: Uniswap (V2)

Read more: What is Uniswap | Beginner's Guide on How to Use Uniswap

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io

Find more information VETME token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is Neutra Finance (NEU) | What is NEU token

In this article, we'll discuss information about the Neutra Finance project and NEU token. What is Neutra Finance (NEU) | What is NEU token?

Neutra Finance aims to make risk-hedged, sustainable investment strategies easily accessible for anyone, anywhere through automated strategy vaults. We strive to make this process simple and easy so that anyone who wants to protect their funds and earn stable returns in any market condition can do so. Upon depositing their capital into our vaults, users can sit back and earn APY above market standards on high-performing DeFi products while the strategy will do the rest, such as optimizing returns, rebalancing, and managing liquidation risk.

Vision & Mission

As mentioned, our vision is to enable any user out there to easily and sustainably earn high returns without worrying about the risks themselves.

Hence, the team is committed to 3 core values:

• Performance: Offer high-yield, sustainable strategies that minimize risk while optimizing returns.
• Security: Focus on security of funds in terms of smart contracts and rebalancing mechanisms.
• User Experience: Deliver strategies in an intuitive and user-friendly way, lowering the barrier for general crypto investors.

What is Market Neutral?

Market neutral strategies aim to keep your assets protected (neutral) while providing above-market returns regardless of an upward or downward market environment. This is done by taking offsetting long and short positions on an asset at the same time (aka hedging). While these strategies generate profit, they can be highly complex and typically involve additional costs and risks.

Fortunately, our automated market neutral vaults do the work for you and make sure you are making positive returns with minimum exposure to risks in any market condition. While each vault may differ in terms of its specific mechanisms and parameters to return the optimal APR, the overall structure of the strategies is as follows:

• User deposits their stablecoin holdings to a yield-generating strategy vault.
• The vault appropriately opens long and short positions on integrated protocols so that the net market exposure is zero.
• While continuously accumulating APR, the vault actively monitors and adjusts the position to maintain a neutral market exposure.

Fees & Parameters

Fee Parameters

Management fee: flat fee of 2% of AUM (annually)

Performance fee: 20% of APR (weekly)

Vault-Specific Parameters

GLP Market-Neutral Vault

Neutra Finance's tokenomics

NEU

NEU is the utility and governance token of Neutra Finance.

By staking NEU, you will earn

• Protocol fees in stablecoins (currently DAI)
• Escrowed NEU (esNEU)
• Fee Boosters

Protocol fees are collected from our strategy vaults, consisting of Management Fee (2% of TVL yearly) and Performance Fee (20% of APR). 50% of the fees is allocated to cover operational expenses and 50% is distributed as fee rewards to token stakers.

Keep reading for more details on esNEU and Fee Boosters!

Escrowed NEU

esNEU is distributed to NEU token stakers and strategy vault participants.

esNEU is non-liquid, non-transferrable NEU that can be used in two ways:

• Staked to receive the same rewards as a regular NEU token (fees, esNEU, Fee Boosters)
• Vested for 12 months to become actual NEU tokens

Staking

esNEU has the effect of giving higher returns to long-term stakers, who can be seen as Neutra's committed users qualified to make major decisions regarding the protocol's future. The longer and the more you stake, the larger share of governance power and fees you take. The value of esNEU comes from these accumulating rewards over time. This aligns the interests of Neutra Finance and our token holders for long-term growth.

Vesting

esNEU that have not been staked can be vested to be redeemed as NEU. When you initiate vesting, your esNEU will be linearly converted into NEU every second and will fully vest at the end of 12 months.

Vesting requires "reserving", or locking, into the vesting vault the staked NEU, the average amount of NEU or vault tokens with which you acquired the esNEU. NEU, esNEU and Fee Boosters can be used interchangeably for the required amount.

For example, if you staked 1000 NEU and earned 100 esNEU tokens, then to vest 100 esNEU tokens, 1000 NEU tokens will be reserved. To vest 50 esNEU, 500 NEU tokens will be reserved. Note that this is an example and the actual ratio depends on the average staked amount and rewards earned for your account.

Staked tokens that are reserved in the vesting vault will continue to earn rewards. Note that you will not be able to unstake the tokens while they are reserved. Using the "Withdraw" button will unreserve tokens and pause vesting.

Note that partial withdrawals of vesting esNEU are not supported. Upon withdrawal, all tokens will be unreserved and vesting will be paused.

Fee Boosters

Fee Boosters give an extra boost to your stablecoin fee earnings. By staking NEU or esNEU, you will earn Fee Boosters every second at 100% APR. So, by the end of 1 year, you will have Fee Boosters at an equal amount as your staked tokens.

Each Fee Booster will earn stablecoin rewards at the same APR as a regular NEU token, with total boost being determined by the ratio of Fee Boosters to your total amount of staked NEU. Hence, your rewards from Fee Boosters can be calculated as (Staked Fee Boosters) / (Staked NEU + Staked esNEU) * DAI APR.

When you unstake your NEU or esNEU, generated Fee Boosters will be burned proportional to the share of tokens you unstake. In other words, (Unstaked NEU + Unstaked esNEU) / (Staked NEU + Staked esNEU) * Generated Fee Boosters will be burnt.

Allocation

• 10% Public: Of the public allocation, 40% will be used to seed POL for $NEU, 30% will be distributed to core contributors, and 30% will be allocated to the Treasury.
• 35% esNEU reward: The esNEU reward is distributed to token stakers. This NEU is not liquid as it must be locked for a year. Emissions will have an annual maximum cap of 2% of total $NEU supply and may be subject to change. (It is very unlikely that all 35% will become NEU if users stake or choose not to vest.)
• 3% Advisor: This allocation will be used to compensate advisors for their contributions to the project and will have a 36 months linear vesting period.
• 37% Treasury: The treasury allocation will be used for POL, marketing, future audits, community rewards, and operation.
• 10% Core contributors: This allocation will be distributed to the core contributors of Neutra Finance and will be linearly vested for 24 months.
• 5% Partnership: This allocation will be used to establish strategic partnerships and collaborations that benefit the Neutra Finance ecosystem and will have a 36 months linear vesting period.

Vault Tokens

Upon depositing into a strategy vault, users receive a vault token as a receipt of their share of the vault. Vault tokens are automatically staked when minted and earn strategy APR plus esNEU rewards, which can be staked to earn protocol fees. (Refer to this page to read about the esNEU token.)

GLP Market Neutral Vault

The nGLP token is the receipt token for the GLP Market Neutral Vault. The price of nGLP reflects traders' PnL on the GMX platform added to the net collateral value in our ETH and BTC short positions. Hence, the price of nGLP may be slightly changing on your screen. Your rewards from GLP APR will be accumulated on a weekly basis and separately claimable each week.

Roadmap

Neutra Finance ultimately aims to become your go-to asset management protocol with quality automated strategies on high-performing DeFi products tailored to various risk preferences.

Once the nGLP vault launches and operates with success, the general direction will be introducing new strategies and expanding our partnerships! However, this roadmap is open to modifications if we come across new opportunities and areas for building.

FYI, we are already in the process of developing & testing the new strategies

Phase 0 (Q4 2022)

• Backtesting
• Open community
• OG Recruit
• Website Open
• Launch Partnership

Phase 1 (Q1,2 2023)

• Complete Audit
• Token Launch
• Token Public Sale
• Launch on Arbitrum mainnet
• Token Listing
• GLP Market Neutral Vault (nGLP Vault)
• Automated 1x Bull Vaults (Coming Soon)
• Sushiswap Market Neutral Vault (Coming Soon)
• Begin developing Uniswap V3 Strategy Vault
• Major UI/UX update
• Expand partnerships using vault tokens

Phase 2 (Q2,3 2023)

• Integrate more advanced strategy vaults
• Uniswap V3 Automated Liquidity Manager (Coming Soon)
• Uniswap V3 Market Neutral Strategy Vault (Coming Soon)
• Prepare for multichain expansion

How and Where to Buy NEU token?

NEU has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy NEU token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase NEU from the exchange.

The top exchange for trading in NEU token is currently: y Uniswap (V3) (Arbitrum), and Camelot

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io

Find more information NEU token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin 

What is Genesis Wink (GWINK) | What is GWINK token

In this article, we'll discuss information about the Genesis Wink project and GWINK token. What is Genesis Wink (GWINK) | What is GWINK token?

WINK is a Web3 content creators driven project. WINK aims to bring a new concept in DeFi space. We start from real use cases setting up real services and only after first profits we will launch the official Token to reward the investors.

Our philosophy is to create only sustainable products, grow an healthy community, attract creators and as automatic consequence be known by consumers. Only then we will launch a strong and liquid Token.

Big part of services profits will be used to support the Token value with Buyback reserve, Liquidity Injections and Investments.

The project goal is to become the leading Models, Streamers, Cosplayers and Artists ecosystem within 24 months from the rollout.

ECOSYSTEM

WINK aims to become the first decentralized social network, a free platform that protects creators intellectual property, censorship resistant and has an automatic payment/prize system.

A new concept that can benefit the growing DeFi sector, focusing on services that provide real value to the end user and supporting the token’s price valuation.

WINK’s model will add additional income from these services to the project by enabling Buyback reserves, Liquidity Injections, and Investments making WINK token fully sustainable and deflactive.

FEATURES

• Universe: The WINK general platform where users and creators can create their SPACE, GATE, COMMUNITY and cooperate with others thanks to cooperative tools in safety. 
• Space: Personal space where creators can show about themself or it’s creations uploading contents, making live streamings and cooperating with other users.
• Gate: Private space where only users that fullfill requirements can access and see contents (Holding NFT, paying contents or subscriptions)
• Cooperation: Creators and communities will be able to make joint contents, live streams and events directly with FUSION, SPONSORSHIP, AMBASSADORSHIP tools.
• Safety: WINK will be the most safe place on the Web thanks to a decentralized storage, automated rating system, advanced moderation and mention.
• Planet Earth: An interactive map to easily find events near you, filtering by interest and pay the ticket with tokens. You can also plan a private meeting/event.
• Community: Users can make a community inside the platform, it can be used for chat, promoting a brand, services or a new project.
• Analytics: A transparent, fully detailed section with all financial and statistical WINK’s ecosystem data. (User data will never be shared to third party).

TOKENOMICS

Max Supply = 2.000.000.000 WINK
Circulating Supply = 26.666.666 WINK (1,33%)
Locked Supply= 1.973.333.334 WINK (98,67%)
Token Launch Price = 0,30 $

• PRESALE: 39,75%
• TEAM & ADVISOR: 18,00%
• LIQUIDITY: 12,00%
• PRIZE: 2,00%
• INCENTIVES: 28,25%

DUAL PRESALE SYSTEM

WINK have an unique presale system made by 9 Presale Tokens at fixed price + Genesis token tradable and farmable.

Every presale token can be used to redeem WINK at 1:1 rate after presale ends.

GWINK TOKEN (Tradable and Farmable)

GWINK (Genesis Wink) is a tradable token that will be launched on Pinksale, it will be listed on Pancakeswap and will be tradable and farmable.

The farm GWINK/BUSD will be publicized on various DEX aggregator to make the project be known by more investors.

GWINK will follow the fixed price presale tokens and will value 0,30 $ at WINK launch, so it's very safe investment.

FIXED PRICE TOKENS

For every BUSD spent you will get a specific amount of tokens, when tokens of a specific phase finish the next phase will start with an higher price as shown above.

Every presale token can be used to claim WINK after public launch at 1:1 rate.

COMPARISON

PRESALE EVOLUTION

NFT MECHANIC

• WINK collections: NFT that will grant benefits to Wink services and productions (discounts, events, farming boost)
• Creators Collections: NFT that will grant benefits according to Model setup, every Model will be able to create a collection.
• NFT EXCHANGE: All of above categories can be exchanged in the marketplace. NFT creator and Wink will have a royalty, Wink royalties will be used to support protocol as other profits.

Roadmap

• Development and audit of WINK token
• Development fixed price presale tokens
• Development ICO smart contract
• Presale launch
• Launch of referral program
• Launch of Giveaway program
• Launch of community photo contest
• Platform design
• Marketing planning
• GWINK development
• Marketing start
• GWINK presale on Pinksale
• GWINK listing on Pancakeswap
• GWINK yield farming
• Platform Alpha version development
• Launch of WINK SPACE NIGHT (Live events)
• Launch of Bounty competition
• Coinmarketcap and Coingecko listings
• Plaftorm Beta version development
• Mobile Applications development
• NFT Marketplace development
• Company Incorporation
• Influencers / Brands partnerships
• Platform public beta launch
• Mobile applications launch
• Users acquisition
• GLOBAL PRESALE FINALIZATION
• Launch of NFT marketplace
• Deliver of prizes (Referral, Giveaway, Airdrop, Bounty)
• Deliver of booster NFT to introduced presale holders
• Listing on Pancakeswap and CEX
• Launch of farm and staking pools

How and Where to Buy GWINK token?

GWINK has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy GWINK token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase GWINK from the exchange.

The top exchange for trading in GWINK token is currently: PancakeSwap (V2)

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io

Find more information GWINK token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is Veno Finance (VNO) | What is VNO token

In this article, we'll discuss information about the Veno Finance project and VNO token. What is Veno Finance (VNO) | What is VNO token?

Staking is a common mechanism to secure Layer 1 Blockchains; for CRO, users can stake CRO on the Crypto.org chain to receive CRO staking rewards. However, with an increase in adoption of Web 3, staking may be unfriendly to users who prefer immediate liquidity on their CRO holdings. In the case of CRO, the unstaking period is an exceptionally long 28 days. Staking may also be quite a hassle as it requires users to select and frequently monitor their delegated validator status. Worst yet, many users are also unfamiliar with the risks and inner workings of staking. This is where our one-stop liquid staking solution comes in.

Veno is a liquid staking protocol where you can stake your CRO and receive the auto-compounding, yield-bearing receipt token LCRO. The LCRO token is designed to maximize composability. Just by owning LCRO, you automatically accrue the CRO staking yield value in your LCRO token; LCRO can thus be used freely across the Cronos DeFi ecosystem.

Veno’s liquid staking token LCRO offers the most extensive, lowest cost, and most reliable method of utilizing your staked CRO.

Why Veno?

We are a vertically integrated liquid staking protocol, maximizing the reliability and efficiency of our service; allowing us to provide a price-competitive service in the long term;

• Cost savings are achieved by leveraging our own node infrastructure and/or infrastructure of our partners
• Reliability is achieved with our enterprise-grade node set-up and deep expertise in running node infrastructure
• We also have an insurance module that will help to secure user funds in the unlikely event of a slashing penalty

We will aim to maximize the adoption and utility of our tokens across the ecosystem, and we are working with some of the largest ecosystem partners to make this happen;

• We want to maximize the liquidity of LCRO in the Cronos Ecosystem and beyond, attracting the largest amount of capital, and attaining the lowest spread, with our high reliability and low-fee promises
• LCRO is an auto-compounding yield-bearing token to maximize composability
• We can further maximize user liquidity by providing a tradeable NFT after user unstakes their CRO

What is LCRO?

LCRO is the token receipt of liquid staked CRO that users will receive after staking CRO with Veno. LCRO is an auto-compounding yield-bearing token, where its internal exchange rate on Veno will increase over time when compared to CRO based on CRO staking yield on Crypto.org.

As users automatically accrue the CRO staking yield value in their LCRO token; LCRO can thus be used freely across the Cronos DeFi ecosystem. LCRO holders will: (1) be able to utilize them as collateral while earning staking yield, (2) be able to find immediate CRO liquidity with low fees, and many more.

Tokenomics

VNO is Veno’s native token which can be utilized across the Cronos Ecosystem. VNO has several use cases, including rewards participation and boost farming. For example, users can deposit VNO into different vaults in Reservoir or Fountain to earn additional yields. 

VNO has a total supply of 2,000,000,000 (2 billions). Here is the allocation of VNO:

How to Stake CRO

Step 1: Connect your desired wallet.

Step 2: Click Staking on the landing page and proceed by clicking Stake CRO.

​Step 3: Input the CRO amount that you want to stake. Afterwards, click stake to proceed.

​Step 4: Review the LCRO amount that you will receive, the CRO:LCRO exchange rate and the estimated staking rewards. Submit the transaction by clicking Confirm Staking.

​

Step 5: Confirm the transaction on your wallet. It shall take no more than a minute to complete.

Step 6: Congratulations! You have successfully staked your CRO and received LCRO.

How to Unstake CRO

Step 1: Click the Staking tab and navigate to Unstake CRO.

Step 2: Input the desired LCRO amount for unstaking. Note that your CRO will undergo at least a 28 days unbonding period upon unstaking. The unstaking requests are being processed in 4 day batches. Resulting in the total unstaking time might go up to 32 days.

Step 3: Click Unstake to proceed.

Step 4: Review the amount to unstake, the withdrawal fee and the expected unlock date. Click Confirm unstaking to submit the request

Step 5: Confirm the transaction on your wallet.

Step 6: When the transaction is completed, you will receive a NFT which represents your share of CRO when it is undergoing its unbonding period. You can either hold this NFT until expiry or sell it on Minted to others.

​

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Step 7: Click View NFT to browse on Minted.

Add Liquidity

After staking CRO, you will receive LCRO which is the token receipt of liquid staked CRO.

Step 1: Navigate to the Use LCRO section, which is located on the Staking page. On this tab, you will find Ferro listed in a card. Click Add liquidity to be directed to Ferro.

Step 2: Input the amount of tokens that you would like to add to the LCRO-CRO pool. You can choose to either provide liquidity in LCRO, CRO or both tokens. Then, review the details and click Add Liquidity to proceed.

If you would like to know more about Ferro liquidity pools, please refer to this page for details.

Step 3: Click Confirm to initiate the transaction request.

​

Step 4: Confirm the transaction on your wallet.

Step 5: Once you have received the confirmation, you have successfully become a liquidity provider in this pool. You could scroll down to My Liquidity to view information including your share of the pool, the total amount provided as well as pool info.

Stake Liquidity

After getting LP tokens by adding liquidity, you can also choose to stake your LP tokens to earn additional yields.

Step 1: Enter the amount of LP tokens that you want to stake. Click Stake to proceed.

Step 2: Review the transaction and click Confirm to initiate a wallet transaction request.

Step 3: Make sure that the details are correct on your wallet and click confirm.

Step 4: Once you have received the confirmation on the platform, you have staked your LP token! You may view your staked balance in the Unstake section.

How to Claim CRO from NFT

Once you have unstaked, you will receive an NFT that represents your share of CRO to be received. The NFT is redeemable when it completes the unstaking cycle. You may refer to the unlock date on the NFT to determine when you can redeem the CRO.

Step 1: Go to Claim CRO tab to see which NFTs are ready to be redeemed.

​

Step 2: Click the NFT that you want to redeem CRO. Then, click Claim to proceed. Alternatively, you can also claim all the redeemable NFTs in the same time.

Step 3: Confirm the amount to claim.

Step 4: Review and confirm the transaction on your wallet.

Step 5: Transaction is completed. You have successfully claimed your CRO.

Reservoir

Deposit your VNO to receive WCRO earned by Veno

Step 1: Click VNO on the footer navigation bar and enter Reservoir.​

​Step 2: Select the vault that you want to deposit your VNO. There are 4 vaults available for deposit, which are 3-Month, 12-Month, 48-Month and 96-Month. Click Deposit in Reservoir to proceed.​

Step 3: Input VNO amount for depositing. Alternatively, you could also make use of the quick keys to place 25% / 50% / 75% / 100% of your VNO balance. Then, press Lock VNO now to initiate the transaction request.​

Step 4: For a first timer, you would have to give permission to the smart contract for accessing your funds. Then, review the details and confirm the transaction in your wallet.

Step 5: When you receive the transaction completed pop-up, it means that you have successfully locked your VNO into Reservoir.

​

Step 6: To view your VNO balance and allocation in various vaults, you may go to Dashboard for details.

Step 7: If you wish to lock more VNO into the same deposit, go to the same vault and click Deposit More and go through the same deposit process as above.

Step 8: You may also consider upgrading your deposit to other vaults with a longer locking period. To do so, click Upgrade locking period to move forward. Select the deposit you want to upgrade. Press Confirm.

​Step 9: After that, choose the locking tier for upgrade. Click Upgrade now to launch the transaction request and confirm on your wallet. And wait for the Transaction completed confirmation to display on the app.

​

​Step 10: To withdraw the unlocked VNO, enter the vault and expand the deposit list. Click Withdraw to proceed and confirm the transaction on the app and on your wallet. Wait for the confirmation page to show.

Fountain

Deposit your VNO to earn more VNO

Step 1: Click VNO on the footer navigation bar and enter Fountain.

Step 2: Choose the vault that you want to deposit your VNO. There are 4 vaults available for deposit, which are 3-Month, 12-Month, 48-Month and 96-Month. Click Deposit in Fountain to proceed.

Step 3: Input VNO amount for depositing. Alternatively, you could also make use of the quick keys to place 25% / 50% / 75% / 100% of your VNO balance. Then, press Lock VNO now to initiate the transaction request.

Step 4: For a first timer, you would have to give permission to the smart contract for accessing your funds. Then, review the details and confirm the transaction in your wallet​

Step 5: When you receive the transaction completed pop-up, it means that you have successfully locked your VNO into Fountain.

Step 6: To view your VNO balance and allocation in various vaults, you may go to Dashboard for details.

​

Step 7: If you wish to vest more VNO into the same deposit, go to the same vault and click Deposit More and go through the same deposit process as above.

​

Step 8: You may also consider upgrading your deposit to other vaults with a longer locking period. To do so, click Upgrade locking period to move forward. Select the deposit you want to upgrade. Press Confirm.

Step 9: After that, choose the locking tier for upgrade. Click Upgrade now to launch the transaction request and confirm on your wallet. And wait for the Transaction completed confirmation to display on the app.​

​

Step 10: To withdraw the unlocked VNO, enter the vault and expand the deposit list. Click Withdraw to proceed and confirm the transaction on the app and on your wallet. Wait for the confirmation page to show.

​

How and Where to Buy VNO token?

VNO has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy VNO token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase VNO from the exchange.

The top exchange for trading in VNO token is currently: VVS Finance

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io

Find more information VNO token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin 

What is Meta Game City (MECI) | What is MECI token

In this article, we'll discuss information about the Meta Game City project and MECI token. What is Meta Game City (MECI) | What is MECI token?

Meta Game City (MECI) is a virtual gaming platform and ecosystem where users can create, own, and monetize their own gameplay experiences in the metaverse. The platform integrates with BNB Smart Chain (BSC) and uses both MECI Tokens and Game Tokens as its utility tokens.

MECI offers a user-generated content ecosystem with a metaverse society. This means that users can create their own assets, content, and experiences while sharing them with a bigger society inside of the metaverse. With this concept, MECI aims to cultivate and encourage a community of creators, not just consumers.

The vision of MECI is to spearhead a decentralized creator community and gaming market alongside a functional metaverse society. It is a haven for creators and developers to showcase their work for monetary gain. Additionally, it would simulate an entire society within the metaverse where users can spend their time and cultivate virtual equivalents of industries from the physical world.

User-Generated Content Ecosystem

Meta Game City aims to capitalize on the emerging prosumer market that’s grown considerably well in the past few years. As such, a unique ecosystem is formed that is positioned to do exactly that. MECI’s ecosystem will focus on rewarding content creators and the monetization of these creations to further incentivize creators in the platform.

The main collection of features of the Meta Game City platform as a whole is its User-Generated Content Ecosystem. This collection of features includes an NFT and Asset Marketplace, an Asset Creator, a Game Creator, and a Metaverse Society/Ecosystem. Each of these features consist of its own interfaces and tools for its respective functions.

The four of those sectors make up the Meta Game City User-Generated Content Ecosystem. They collectively provide a comprehensive experience for users in the Meta Game City platform. 

Meta Game City emphasizes user interaction and prioritizes content creators on the platform. Both interaction and content creation are emphasized in the user-generated content ecosystem. We aim to provide a platform that will have a strong and loyal creator community.

Avatars

When exploring the virtual world of Meta Game City, a user needs a vessel to experience everything. Avatars – the term for these vessels – can be found in most video games.

Briefly speaking, an avatar is an in-game representation of each player. These assets contain a default set of animations and actions such as walking, sprinting, jumping, crouching, attacking, etc. Additionally, these avatars can be visually modified in different ways by the player.

In other words, an avatar is one of the main ways a player can show their uniqueness from everybody else. Each avatar can have its clothes, features, and overall appearance customized to differentiate them from everyone else. These appearance customizations can be bought from the NFT or asset marketplace exclusively in Meta Game City. Additionally, emoticons can be bought as well to provide unique animations for an avatar to perform.

Avatars are staple concepts in video games in general. It is a way for players to insert themselves into the virtual world – whether in Web3 or in traditional video games. The more customizable and personalized an avatar can be, the more immersive the experience is for the user.

MECI Token and Game Token

MECI token is a BEP-20 utility token on BNB Smart Chain with several use cases. The token gives users access to the Meta Game City platform and allows users to buy Lands, to stake, to be used for content payment, and to pay for advertising fees on Lands. Additionally, MECI tokens are used to participate in the governance token using a DAO structure. Finally, users can also stake MECI tokens for rewards.

On the other hand, Game Tokens are in-game tokens that are won through in-game missions and questions to purchase equipment and in-game assets. Moreover, content creators and game developers also receive token rewards by launching their creations through the MECI marketplace.

MECI tokens and Game Tokens are the lifeblood of the Meta Game City ecosystem. These currencies are the basis for all transactions that happen in the metaverse and the platform in general. Additionally, if any user wants access to any of the content created through the Meta Game City platform, they would have to get their hands on both MECI and Game Tokens to experience the content. Creations and experiences that are unique to Meta Game City aim to attract new users and increase the adoption of both tokens.

Metaverse Society

Most of humanity has lived in a physical society. Now, this generation has the opportunity to create a newer one where they can exist in the virtual world as well. The metaverse is a growing concept that has risen especially during the quarantine days of the COVID-19 pandemic. Now, significant investments have been made to make this concept what people dub ‘The Future of the Internet’.

The Meta Game City Metaverse Society aims to mimic parts of an actual society. As such, it would include sectors such as the gaming sector, education sector, media and entertainment sector, healthcare sector, and more. Additionally, the metaverse will be experienced using new XR technology such as VR goggles and controllers.

The metaverse society is going to introduce new layers of social interaction through extended reality. XR tech will blur the lines between physical and digital industries. Additionally, the Meta Game City metaverse aims to improve upon physical society, creating a space that breaks down physical borders and accessibility barriers. In the metaverse, people can freely socialize with others globally without even leaving their homes.

In addition, the metaverse will introduce new ways to experience all the different societal sectors. For example, a new approach in education can be experiencing actual historical 3D events rather than reading dry text from a textbook. This also extends to any type of training in general. Users can also attend virtual health checkups, meetings, concerts, and more.

There is huge potential in the metaverse society in Meta Game City. New ways to interact with people alongside new ways to approach different industries are only the tip of the iceberg. The metaverse, alongside heightened interaction with XR technology, will improve upon the faults of our physical society

Entertainment Plaza

As with every society, people need a place to calm down and relax. A place where users can take a break from creator economies, marketplaces, and income generation. These places, as a result, are where users can come together and socialize when it would be difficult to do so in daily life.

The Meta Game City Entertainment Plaza is a separate piece of land with unique purposes. Namely, this Land is going to be the main social hub of Meta Game City. This Entertainment Plaza will hold events, concerts, collaborations, and any huge gathering in the metaverse. Residents will be able to enjoy themebased experiences, mini-games, and exclusive content – each experience is only available for limited periods of time.

This Entertainment Plaza is where users of Meta Game City can go to relax, have fun, and socialize. Most metaverse platforms use this kind of space for opportunities such as fashion shows, concerts, digital art galleries, and more. As such, big collaborations and events are expected to take place in this plaza. Most of these events will only be available for a limited time and will likely be never repeated once they’re done.

This social hub will contain plenty of limited-time events, as such, it will encourage users to always come back to the platform to make sure they don’t miss out on any experiences. Big collaborations would also result in an increased user base in general. The Entertainment Plaza will be a space to celebrate moments inside the Meta Game City metaverse.

Social Casino

The VR-Based Social Casino Game is a version of the social casino game that involves VR technology to simulate realistic environments. The VR Social Casino features a five-player multiplayer game and a voice chat feature. MECI plans to build a Play-to-Earn (P2E) business model that allows users to earn profits by buying and selling their NFT Casino winnings.

Notably, since Social Casinos are regulated differently in different countries, Meta Game City is only going to provide this service to the countries where online social casino games are legal.

Platform Features

1. MECI Real Estate

Meta Game City Land is both a valuable and versatile resource in the metaverse. In most blockchain gaming platforms, real estate is used as an opportunity to set up business for an added stream of revenue. Each Land owner acts as an entrepreneur – finding ways to monetize their property in the virtual world.

MECI Land is one of the main resources of the Meta Game City Metaverse. It has finite amounts of real estate available to Meta Game City players. These Lands cannot be moved from one location to another and are situated permanently at a specific point in the Meta Game City map.

Landowners in Meta Game City have plenty of options to choose from once they’ve bought their real estate. If the Land is situated in a strategic location, players can choose to modify or rent out their land to attract potential tenants or occupants. In addition, through player collaboration, groups of people can combine their Land to create a joint territory or area that boasts higher quality and usability to justify charging tenants a higher amount.

Owning Land in Meta Game City is a strategic endeavor with plenty of different approaches to gaining revenue. Players can either strategically place themselves around important areas or people, or players can make an effort to decorate and modify their land to entice other players to their property. A plot of Land in Meta Game City can hold many different possibilities.

2. NFT Marketplace

The Meta Game City NFT Marketplace is another integral resource in the MECI Platform. This marketplace creates an in-game economy where users can both create, auction, sell, or trade their NFTs with one another. This not only provides a healthy creator economy in the MECI Ecosystem but also an added revenue stream for Meta Game City players in general.

Meta Game City’s NFT Marketplace, like most in the market, allows users to mint their own NFTs to auction or sell. The Meta Game City NFT Marketplace will have a platform that displays each NFT’s name, description, thumbnail, price, and rarity. Anybody who wants to mint NFTs would only need a software wallet and a digital item to mint.

The Meta Game City NFT Marketplace provides users the ability to monetize their assets and creations. Unlike other famous centralized games where players don’t have any ownership of the creations they toiled for, decentralized games provide that opportunity. Anything can be minted to auction or sell – such as avatar skins, mini-games, audio bites, decoration assets, photos, videos, and any other original piece of media that would be valuable to the market. Through this, users in Meta Game City can conduct their very own NFT business.

Just like any other of the leading NFT Marketplaces, the Meta Game City NFT Marketplace provides users a way to generate income in the virtual space. An NFT Marketplace in the metaverse further emphasizes the decentralized nature and importance of ownership in the blockchain space.

3. DeFi-NFT Platform

MECI has a DeFi-NFT platform that capitalizes on its DeFi blockchain operating environment. The DeFi-NFT platform features cross-chain, cross-commerce, cross-framework, and global infrastructure. The DeFiNFT Platform is run through the BNB Smart Chain’s Framework Substrate.

In detail, The BSC Substrate is used to create Distributed Apps within the MECI ecosystem. All of these features in the DeFi-NFT Platform aim to establish a reliable system that can solve transaction fees and speed issues with ERC-based NFTs.

The MECI DeFi-NFT Platform takes advantage of the BNB Smart Chain Network alongside MECI’s own blockchain operating environment to ensure the optimal experience for its users. A handful of metaverse games are run through the Ethereum network, which has its own merits, but MECI chose BSC to prioritize an economical transaction experience and optimal speed.

4. Game Creator

Meta Game City has a special eye for the prosumer market. This market involves users not only consuming content but also generating their own content and sharing them within the platform, ecosystem, and community. As such, creators or aspiring creators need the necessary tools to convert their ideas into something concrete.

The Meta Game City Game Creator platform is a separate software inside the metaverse that allows for the creation and development of games inside Meta Game City. It is a tool that provides creators and developers with what they need to create games. Through the Game Creator, users can utilize the ingame assets purchased from the Asset Marketplace to create games in the metaverse.

Games created via the Meta Game City metaverse bring plenty of benefits for both creators and the metaverse as a whole. Games and Mini-games, of course, will attract new users to the Meta Game City Ecosystem. At the same time, the more people use and pay for the games created by content creators and developers, the more tokens and overall rewards they would get from the platform. The Game Creator is one of the cruxes of the user-generated content ecosystem of Meta Game City.

The Game Creator platform targets the prosumer market specifically. Through this tool, any user can become a content creator and even gain a new revenue stream inside Meta Game City. A metaverse populated by games created by Meta Game City’s own users would solidify, encourage, and inspire the community to share their own creations.

5. Extended Reality Technology

Meta Game City features support for Extended Reality technology. This means that hardware related to virtual reality and augmented reality will be used in Meta Game City and the metaverse. The metaverse supports an ecosystem of immersive technologies through both VR and AR alongside Extended Reality software. The platform allows users to use virtual reality headsets and controllers at the moment, Additionally, the game can be accessed from a computer’s web browser.

XR technologies used for Meta Game City aim to make the metaverse experience more immersive for the player. This is especially appropriate for the metaverse society – where different industries and sectors are being simulated in the metaverse. Additionally, huge events such as concerts, art galleries, racing games, or even plain socializing among other immersive events can be improved through the addition of XR technology in the metaverse.

6. Service Expansion

Alongside everything, Meta Game City is also collaborating on expanding its services through new technology. MECI is supporting the development of Extended Reality devices and the integration to the metaverse platform. Additionally, Wi-Fi 6E is something that MECI is keeping an eye on.

The future of the metaverse, as of now, is getting closer with the introduction of newer and better technology. The combination of Wi-Fi 6E, AR, and VR technology, alongside 8K streaming will present the most immersive virtual experience for players to date.

Additionally, we have a strategy to expand our current metaverse service and integrate it with mixed reality services to further enhance the experience in the Meta Game City metaverse.

Tokenomics

The MECI token (MECI) is a BEP-20 token with a total supply of 2,201,011,250 MECI. Up to 154,070,787 MECI will become available for sale. Meanwhile, the same amount of tokens will also be allocated for the development of the MECI ecosystem – which includes the mobilization of marketing efforts, collaborations, integration of features, and technology, among others.

Distribution

Sales and Marketing Expenses

MECI has allocated a total of 41% for overall sales and marketing efforts – 15% for sales-related expenses and 26% for other marketing-related expenses. The token distribution for these expenses will be the following:

Beginning with sales expenses: 5% for seed sale, 7% for private sale, and 3% for public sale. Meanwhile, for marketing expenses: 16% will be allocated for marketing liquidity; and 10% for other marketing expenses.

We acknowledge the huge role that marketing plays in the success of a company. As such, we’ve made sure to prioritize a good amount of our tokens towards it.

Operations

MECI has allocated a total of 44% for overall operational expenses. We acknowledge that a company has to maintain continuous growth internally to successfully keep operations. As such, we will prioritize growing the company through ecosystem development, R&D, and, of course, supporting our own employees with their salaries.

The token distribution for MECI’s operations expenses will be the following: 20% for ecosystem development; 7% for research and development; 7% for the company and team; and 10% for additional operational expenses

Partners

MECI will also set aside 5% of tokens for our partners. We acknowledge that without them to support our growth, MECI wouldn’t be where it is. As such, we will always think about the good of our partners throughout our company’s growth.

Staking

Finally, MECI will set aside 10% for staking and NFT expenses. This allocation ensures that the MECI token remains stable and that our NFT platform remains funded well.

Utility

• Metaverse Space Sales Fee: Users must purchase virtual world space using MECI tokens in Meta Game City. A percentage of this paid amount is taken as a fee. Users can do as they like with their virtual space and even resell it if they ever choose to.
• Item Sales Fee: Basic NFT items are sold at the NFT Market and can be bought using MECI Tokens. The market is stocked with essential items for every user.
• Content Payment Fee: Users have to pay content creators with MECI Tokens to use any of their created content. A percentage of this paid amount is considered as a fee.
• Advertising Fee: Users who wish to advertise must pay fees to property owners in Meta Game City. Advertising fees depend on the number of advertisements, the location of advertisements, and the number of people reached.
• Governance Token: MECI is also a governance token that allows holders to participate in important decisions in the platform by utilizing a Decentralized Autonomous Organization (DAO) structure. This means that people who own MECI tokens have voting rights in the direction the platform may take. These voting rights could include prioritization of features, changing of roadmap timelines, attribution of contents, and many more.

How and Where to Buy MECI token?

MECI has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy MECI token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase MECI from the exchange.

The top exchange for trading in MECI token is currently: BitForex, and VinDAX.

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io

Find more information MECI token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin

What is Mintpad (MINT) | What is Mintpad token | What is MINT token

In this article, we'll discuss information about the Mintpad project and MINT token. What is Mintpad (MINT) | What is Mintpad token | What is MINT token?

Mintpad is a Multi-Chain NFT minting platform and launchpad for NFTs . This Dapp helps NFT projects across all chains to mint out easily on our platform .

Users are able to find new upcoming mints with scores and socials. As well, MintPad will eliminate the fear of NFT Rugs, with it’s feature KYCed mints. This will give users and projects, security and trust.

WHY MINTPAD?

Mintpad is a Multi-Chain NFT minting platform and launchpad for NFTs. Our dAPP helps NFT projects across all chains to mint out easily on our platform. Users will be able to find new upcoming mints with scores and socials. As well, MintPad will eliminate the fear of NFT Rugs with its feature KYCed mints. This feature will give users and projects alike, the security and trust that is desired throughout the crypto space.

Mintpad will be powered by it’s 2500 Mintpass NFT’s, and the MintPad token that will be used to accommodate staking and to gain access to MintPad’s whitelist minting pool, as well as so much more.

VISION

The MintPad team knows how important NFTs are for the blockchain space to keep evolving. Today’s marketplaces offer a more centralized experience compared to MintPads vision. The MintPad vision is to create a fully decentralized cross-chain platform, with revenue sharing rewards to the DAO and MintPass holders alike. MintPad is not just a marketplace for NFTs. MintPad is the one-in-all tool for the entire NFT space across all mainstream blockchains.

GOAL

The MintPad goal is to bring all the necessary tools needed for daily NFT traders, and install them into an all-in-one platform supporting all mainstream blockchains. While also improving the trading quality for NFT trading. MintPad also aims to create multiple sources of revenue for Mintpads DAO and holders, to encourage value and added utility to trading portfolios. MintPad strives to create a SAFU environment through it’s auditing and KYC process to allow peace of mind to the users, and added authentication for projects who mint with MintPad.

REFERRAL REWARDS

When a Mintpad holder refers a new NFT drop to mint on the Mintpad platform. Mintpad will pay a referral amount of 1% of the total raised amount of that mint. This will allow holders to possibly be able to earn substantially when referring a project.

For example:

Project raises 1000 ETH.

Mintpad will pay a referral of 10 ETH.

MINT FEE REWARDS

The fee to launch a project on the launchpad is 6%, for this 6% you are not only going to be introduced to the Mintpad community, but you will also get 2500 whitelisted MintPass Holders as an option. The 6% is divided into three parts as follows:

• 3% will be divided to our 2500 MintPass holders and divided
• 3% will go to the team and development of the platform
• 1% will, if referred by a holder, go to that holder, this percentage is taken out of the development and teams fee, and doesn’t affect the total fee of 6%.

FEATURED DROPS

Projects with a higher hyped atmosphere and that are already well known in the space will have chances to become FEATURED on our platform. All projects applying for launch on our platform will be vetted by our DAO, and we select FEATURED drops daily. This is not only going to benefit the project itself, but also benefit our MintPass and Token holders, all MintPass holders will automatically receive a guaranteed mint from the featured collection, while Tokens holders will be obliged as follows:

• Staked 500,000 or more Tokens will be obliged to participate in a mint raffle
• Staked 1,000,000 or more Tokens will be obliged to mint 1 NFT from the featured collection
• Staked 5,000,000 or more Tokens will be obliged to mint 2 NFTs from the featured collection
• Staked 10,000,000 or more Tokens will be obliged to mint 3 NFTs from the featured collection

There is also an option for the featured project to give the MintPass/ Tokens holders a special price for their mints, to increase the buying pressure on the mint.

MARKETPLACE

If you mint on our launchpad you are automatically going to be listed on our marketplace. We do not accept collections who were minted outside our platform. Our marketplace is not just another marketplace, it has some additional features which is hard to find on other marketplaces today. The trading fees on our market are 0% which is something that gives your project extra added value, instead we are generating income from advertisements, 50% of the revenue from advertisements will be shared to our DAO and divided by the shares of our holders.

Some other features that will be available on our marketplace are as follows:

• Multi-chain support (SOLANA, ETH, BSC and Polygon from launch) 
• Rarity rating from MintPad and external rankings 
• Project statistics 
• Rarity and FP Sniper built in 
• Advanced filtering 
• Messaging and VC chats

PARNERSHIP PACKAGE

To be extra sure to sell out your mint, we offer a special package that will generate a lot of buying pressure on your collection. Our professional marketing team will take care of the initial marketing and community building. We will also become your project advisors and guide you and your team how to successfully sell out your mint, below are the services included in our PARTNERSHIP PACKAGE:

• Launchpad included 
• Featured on mint drop calendar and featured coming mints 
• Free advertising in our Coming Drops Discord Channel 
• AMA with our team in yours and ours Discord Server 
• After approved art quality check you will also get Quality Art Badge 
• KYC check and Badge included 
• 0% after market fees on our marketplace 
• Join your twitter spaces and invite our community 
• Mint 20 of your NFTs and use for giveaway contests in other hyped communities

All the above is included in our PARTNERSHIP PACKAGE after we have approved your project, the fee is paid from the initial mint revenue, and this percentage is agreed from project-to-project basis.

KYC SERVICES

There have been various NFT rugs in the past and more to come, regardless of how the markets are doing. Mintpad introduces KYC badge for mints. The team or dev of the project will be verified using government issued ID card or passport, as well as a recorded video call (DOX) to one of our support team members.

All the data will be kept safe in our database. Then if users from the project claim to be rugged by a projects or developer, our Mintpad team will investigate and release all confidential data to public, and/or authorities if required. Mintpad aims to set the standard for security to its investors and users alike.

QUALITY ART BADGE

To make it easier for both investors and project owners, we are also offering a service we call QUALITY ART BADGE. The purpose of this badge is to let a 3rd party guarantee that the art is unique, custom, and not stolen art or under any kind of license not allowing it to be sold to 3rd parties. In the NFT space there have been many copy/paste scams, and this is discouraging for the entire NFT market and is something we at MintPad want to avoid.

TOOLS

Besides the tools available for projects like crowdfunding, possibility to mint with Debit Card and KYC. Mintpad offers investors tools to help them in their NFT journey

• NFT Portfolio Tracker - easily manage your NFTs (Burn, Bulk transfer, Revoke permissions) 
• Debit Card mint - mint new NFTs with your own Debit Card 
• Upcoming Mint Calendar - set notifications for new projects 
• Newsletter - keep track of the latest developments in the market 
• NFT Sniper Bot

DAO STRUCTURE

MintPad is a community-driven platform, where members will be able to stake their MintPasses or $MINT tokens into our DAO contract to join the DAO.

By staking their MintPasses or $MINT tokens the members will earn income generated from the platform. The income will be paid out in USDT on weekly basis from following pools:

• 50% of the Mint Fee (MintPass holders only) 
• 50% from MintPad’s advertisement 
• 30% of MintPad’s KYC services income 
• 50% of MintPad’s marketplace income

DAO members will be those who decides and vote for following:

• Featured badge 
• Quality art badge 
• Banning projects 
• Partnerships 
• Decide royalties on MintPasses (MintPass holders only)

The DAO members are also those who completely controls the economy received from the platform, these funds solely belong to the DAO, and no longer the platform, and therefore can be used as the DAO seems appropriate.

The voting count per member will be defined by as many NFT’s or $MINT tokens you have staked, if you have 1 NFT staked and one listed on secondary market, you will only have one vote.

The DAO concept is essential and can boost community engagement where every user contributes to the platform and benefits when progress happens within the project.

PAYMENT SERVICES

Users of MintPad will be able to mint by credit/debit card, so don’t worry if you don’t hold any cryptocurrency. Both VISA and MASTERCARD are supported. After you have minted your NFT you can easily transfer it to your crypto wallet. If a transaction fail, you will automatically be refunded without hassle.

ESCROW

MintPad is offering a secure and easy way to manage OTC trades for NFT users who makes a deal outside the secondary market. Our ESCROW solution provides a transparent and secure exchange between the seller and the buyer without the risk of a fraud or scam. The buyer will deposit the payment to MintPad’s escrow account, when the money is credited, the seller will be notified to transfer the NFT to the MintPad account, when the buyer withdraws his NFT, the money will be released directly to the seller’s wallet.

The fee for MintPads ESCROW service is 1% of the NFT’s trading price, half cost compared to our marketplace fees, which are 2%.

MINTPAD TOKEN

MintPad is the native token of our Coming Chain MintChain and is going to be needed for ultra-fast and super low gas fee minting on or Launchpad. It will also have following functionalities:

• $MINT staking for DAO treasury 
• DAO voting 
• Escrow generated funds will buy $MINT tokens and burn them

TOKENOMICS

• Name: MintPad 
• Ticker: MINT 
• Total Supply: 1,000,0000,0000 MINT 
• Decimals: 18 
• Chain: BSC Taxes: 0%

DISTRIBUTION 

• Presale 35% - 350,000,000 Tokens 
• LP 20% - 200,000,000 Tokens 
• Team 6% - 60,000,000 Tokens 
• CEX/DEX listings 10% - 100,000,000 Tokens 
• Partners 4% - 40,000,000 Tokens 
• Marketing 15% - 150,000,000 Tokens 
• Development 10% - 100,000,000 Tokens

VESTING SCHEDULE 

• Team – locked for 45 days 
• Partners – locked for 90 days 
• Marketing – Vested over 6 months 
• DEX/CEX listings – locked for 30 days 
• Development – locked for 45 days 
• LP – locked for 365 days

How and Where to Buy MINT token?

MINT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy MINT token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase MINT from the exchange.

The top exchange for trading in MINT token is currently: PancakeSwap (V2)

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io

Find more information MINT token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin #nft 

What is Contango DEX | What is Contango Protocol

In this article, we'll discuss information about the Contango DEX project. 

What is Contango?

Contango is a unique decentralized market offering expirables, contracts to buy or sell an asset at a set price and date in the future. Contango achieves that without order books or liquidity pools. When a trader opens a position, the protocol borrows on the fixed-rate market, swaps on the spot market, then lends back on the fixed-rate market. Contango offers physical delivery and a minimal price impact for larger trades.

Contango main features

• ​Long or short - with an expiry: Choose an instrument and a side (long/short), pick an expiry date, define leverage and forget about the unpredictable costs of funding rates.
• ​Synthetic contracts: Contango borrows on the fixed-rate market, swaps on the spot market, and lends back on the fixed rate market to replicate the cash flow of an expirable position.
• Minimal price impact: Contango doesn’t need its own liquidity pool. Instead, it takes advantage of the deep liquidity pools of underlying protocols to offer a minimal price impact for any trade size.
• ​DeFi composability: Every position is tokenized as an NFT enabling other projects to easily build on top of Contango.
• ​Physical delivery: At expiry, Contango directly delivers you the asset for the price set when the position was opened, thus eliminating risks associated with index price manipulation.

Use cases

There are several use cases for expirables in DeFi. They can be grouped in:

• Speculation
• Hedging
• Arbitrage

Speculation

Just like in TradFi, expirables can be used to speculate.

• If a trader is bullish on ETH, she will go long (agrees to buy).
• If a trader is bearish on ETH, she'll go short (agree to sell).

Since Contango's expirables have a maturity date, traders can estimate costs with certainty. At expiry, they already know for sure that they will have a pre-determined amount to purchase or sell. There are no hidden costs. Everything is known upfront.

Hedging

Expirables can be used to hedge investments by taking the other side of the market, e.g. go long on an asset, go short on the expirable contract on that same asset. That way any loss on one side if offset by a gain on the other side - meaning you're effectively market-neutral.

For instance, a trader could buy ETH and stake it to earn staking rewards, while shorting it with an expirable on Contango (with the same maturity as your staking period). At expiry, she redeems her ETH (plus staking rewards) and brings it to Contango to close her short position. Regardless of the spot price of ETH at maturity, she made a profit from the rewards.

In this case her position is fully hedged so she loses any upside price exposure to ETH.

Arbitrage

As with spot markets, expirable markets can be arbed too. There are 3 different scenarios:

• CeFi / DeFi

We’re the first protocol that uses fixed-rate markets to price our expirables, so at our launch we expect some price difference with standardised futures, e.g. on Binance. But that’s good news! That’s a free lunch for anyone interested in arbitraging.

• DeFi / DeFi

If new players pop up offering expirables or standardised futures, we expect price differences to occur within the DeFi space too. Looking forward to that!

• Spot / Expirable (Uniswap vs Contango)

The most famous arbitrage between spot and expirable markets is called "cash and carry" trade or "basis" trade. It can be considered an arb since it captures the spread between spot/expirable and locks in a risk-free profit.

A simple way to do a cash and carry with the markets being in contango, is to buy the base currency and sell the expirable on an inverse contract by posting the base currency as collateral. E.g. if the expirable ETHDAI is trading 10% above the spot, then buy ETH on Uniswap and post your ETH as collateral to sell an inverse contract on Contango.

Without leverage (i.e. when the position is fully collateralized) the trader is better off lending her initial capital on the fixed-rate market directly, without going through Contango. This way she avoid unnecessary steps and fees.

However, Contango comes in handy when a trader wants to use leverage to amplify her gains in a cash and carry trade.

The most detailed explanation of a cash and carry trade is still All aboard!, by Arthur Hayes. If you haven't read it, stop whatever you're doing now and go read it.

How it works

Contango protocol synthesises expirable positions by using spot exchanges and borrowing and lending at a fixed rate, i.e. cash flows of expirable positions are replicated through fixed interest rate markets. The different steps are realized atomically, i.e. in one transaction each time a trader buys or sells an expirable. If for any reason the transaction fails then no position will be taken neither by the trader nor by the protocol.

Position opening

Below are presented the steps to open an expirable position.

Steps to open a position on ETHDAI.

Position closing

Below are presented the steps to close an expirable position.

Steps to close a position on ETHDAI.

Types of contracts

At launch, our beta on Arbitrum will offer several pairs (ETHDAI, ETHUSDC, DAIUSDC) with different maturities.

This will change in the future as we integrate more pairs and maturities, and eventually move to Ethereum too.

Please bear in mind that when opening a short position, under the hood Contango will open a long position through an inverse contract. The latter is simply a linear contract that offers the opposite pair (e.g. DAIETH). Indeed, going long on the inverse (e.g. DAIETH) is equivalent as going short on the linear contract (e.g. ETHDAI).

From a user's perspective, the only noticeable difference between longing and shorting an asset is the collateral being posted. When going short you should post the base currency (e.g. ETH) and not the quote (e.g. DAI).

This is useful for instance when you have ETH and want to hedge your position by shorting it with an expirable: you can go on Contango and post it directly as collateral in a non-custodial way.

Physical delivery

After expiry, contracts can either offer the delivery of the underlying asset (i.e. physical delivery) or allow the trader to settle her position through cash (i.e. cash settlement).

Contango offers physical delivery of its expirables as this process is not vulnerable to price manipulation. This is because cash settled forwards are settled against an index that normally relies on third-party spot markets where sometimes volumes are thin and can be moved - read: manipulated - very easily (source: Coinflex).

How does it work?

Due to the nature of Contango and how it uses the trader's margin, at expiry she needs to bring the missing capital to make up for the difference in the debt she owes.

That means that, if she's long ETHUSDC, she will receive ETH at expiry. If she’s short, she’ll have to deliver ETH - which means she’ll be receiving USDC.

Let’s go through the two examples:

Long

Short

Tokenomics

We don't have a token at the moment. Beware of scammers.​

Here's a breakdown of our token allocation:

The total token supply after TGE (Token Generation Event) will be 1 billion. The exact date for TGE is yet to be determined.

This is a breakdown of our raises:

Tutorials

Open a position

Opening a new position is as simple as setting:

• the contract you want to long or short
• the position size (aka the quantity)
• your collateral (aka the margin).

As you can see above, the quoter provides you with a short summary before confirming the transaction. Pay close attention to two fields in particular:

• Basis rate: that’s the cost of carrying, i.e. the relative value between the expirable price and the spot price. If it’s positive, then the market is in contango (the expirable price is higher than the spot price), if it’s negative then the market is in backwardation. It’s a useful metric if you’re willing to lock in a risk-free profit with a cash and carry trade.
• Liquidation price: that’s the limit you don’t want to go under. Keep it monitored even after the position is opened, because it can vary in time depending on how the PnL affects your overall position. Liquidations are carried out by the underlying fixed-rate market (e.g. Yield Protocol for this beta version).

Notice how the fees to trade on Contango are set to 0.

Also, be mindful of how different variables affect the pricing on Contango:

• When Contango borrows, swaps and lends on the underlying fixed-rate market to synthetize a position, all gas fees and third-party fees are already baked into the final price you’re being quoted.
• The price you see on the quoter improves as you post more collateral. This is due to the nature of the protocol, which uses your collateral to borrow less (if you’re long) or lend more (if you’re short) on the underlying fixed-rate market. Any extra profit generated by these actions is given back to you in the form of a better price.

Due to the points above, expect some price differences between Contango expirables and futures on major CeFi venues like Binance, especially at launch. This is also due to a misalignment of interest rates between DeFi and CeFi, which are not (yet) in equilibrium.

Edit a position

Once you have opened a position, you can edit it by adding/removing collateral as well as modifying the overall position size, all in one single atomic transaction. To our knowledge Contango is the first protocol where you can do that. The major benefit is that you can save on gas fees. Another cool trick: when increasing your position size you can easily keep your position’s health unchanged by moving the deposit slider until the leverage of the resulting position equals your current leverage value.

Close a position

You can close your position before expiry and receive a cash-settlement, or wait for maturity and have physical delivery of the underlying asset. Let’s see these two scenarios in detail:

Before expiry 

 In this scenario a trader closes her position before expiry, and thus crystallizes her PnL. No extra steps are required on her side: the protocol will simply revert the transactions carried out to open the position. The position will be cash-settled, returning equity to the trader in the quote currency.

At expiry 

 At expiry all positions can be physically delivered, meaning the underlying asset will be delivered to or get delivered by the trader, depending on which side she’s on.

• If she’s long ETH, she’ll be delivered ETH, in exchange for the missing capital that makes up the difference in the debt she owes. For instance, if she posted only 40% margin in USDC, she’ll need to bring the remaining 60% in USDC to be delivered ETH.
• If she’s short ETH, she’s required to sell (read: deliver) the underlying ETH for USDC, by posting the remaining quantity in ETH. For instance, if she posted only 40% margin in ETH, she’ll need to bring the remaining 60% and she’ll be paid out the full value of her position in USDC.

A deliver button will be enabled on the UI when positions expire, allowing traders to perform the above actions.

How and Where to Buy token?

You will have to first buy one of the major cryptocurrencies, usually Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase token from the exchange.

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

#bitcoin #cryptocurrency #token #coin