In the cryptocurrency world where innovation and community engagement are key, MELB emerges as a shining example. Born out of the success of Minelab.bz, a leading AI-based cryptocurrency mining company, MELB is not just a token; it’s a revolution in digital currency.
MELB: A Token with a Solid Foundation
MELB’s inception is rooted in Minelab’s successful venture into AI-powered cryptocurrency mining. This background provides MELB with a unique edge in the market – a token that’s backed by real-world technology and a successful business model. Minelab’s technology enables users to earn up to 3% daily, setting a new benchmark in the industry.
“We’re proud to bring MELB to the market. It’s more than a token; it’s a testament to Minelab’s success and our commitment to innovation in cryptocurrency mining,” said Alfie Hutchinson, CEO of Minelab.
Community at the Core
MELB stands out with its strong emphasis on community involvement. As a community token, MELB enables its holders to be part of Minelab’s ongoing success story. This approach has fostered a sense of ownership and participation among MELB supporters, further stabilizing and growing its market presence.
“Our community is our strength. MELB holders are not just investors; they’re partners in our journey towards redefining cryptocurrency mining and utility,” Alfie Hutchinson added.
Strategic Growth and Upcoming Marketing Ventures
With an already impressive start, MELB is gearing up for an aggressive marketing campaign to broaden its reach and appeal. This campaign, alongside Minelab’s proven AI mining capabilities, is expected to attract significant interest from investors and enthusiasts alike.
Moreover, MELB’s roadmap includes strategic partnerships and expansions, leveraging Minelab’s AI technology to explore new opportunities in the cryptocurrency domain.
A Future Shaped by Innovation and Community
MELB, with its roots in Minelab‘s AI-driven mining success and a strong community backing, is poised to become a pivotal player in the cryptocurrency market. Its unique model of combining technological prowess with community engagement positions MELB for a bright and promising future in the digital currency landscape.
Contact Information:
For more information about MELB and Minelab, please contact:
Lisa Young
hello@minelab.bz
Website: https://minelab.bz
Twitter: https://twitter.com/MineLab_bz
Symbol: MELB
Are you interested in landing media coverage in leading crypto news sites, such as Cointelegraph, CoinDesk, CoinMarketCap.com, and Crypto Intelligence News?
We can publish press releases, interviews, reviews and organic articles in these sites at the lowest prices in the market.
To discuss further, you can reach out sales team by sending an email to sales@cryptointelligence.co.uk. Alternatively, you can contact our head of sales, David Prior, via Telegram.
Submit Your PR to CoinDesk
Submitting a press release to CoinDesk, a leading news source in the blockchain and cryptocurrency industry, is an important strategic step for any company looking to gain exposure in the digital currency market. With a vast audience comprising investors, tech enthusiasts, and financial professionals, a well-crafted press release can bolster your company’s visibility and credibility in this competitive space.
Before you begin drafting your press release, it’s crucial to understand CoinDesk’s content and submission guidelines. CoinDesk is known for its journalistic integrity and high editorial standards, which means that your press release must be newsworthy, factual, and free of promotional jargon. It should provide clear value to CoinDesk’s readership, who are primarily interested in the latest developments, innovative technologies, and significant events in the cryptocurrency world.
When writing your press release, focus on the significance of your announcement in the cryptocurrency ecosystem. Whether you are launching a new blockchain platform, introducing a digital asset, partnering with a key player in the industry, or presenting research findings, your release should highlight how your news impacts the market or addresses a problem. Be concise and factual, avoiding overly technical language or complex jargon that may alienate the lay reader.
After crafting your release, tailor your submission to fit CoinDesk’s format. Include a compelling headline that captures the essence of your news, and make sure to answer the “who, what, when, where, and why” in the opening paragraph. CoinDesk’s audience expects immediate clarity and significance from the start.
Include quotes from key stakeholders or industry experts to add credibility to your announcement. Also, provide any necessary context that can help readers understand the broader implications of your news within the industry’s landscape. If your press release includes data, make sure it’s sourced from credible and verifiable information.
Before submitting to CoinDesk, ensure that your press release includes contact information for your company’s media representative, as well as links to relevant websites or white papers for readers who seek further details. You should also include multimedia elements like high-resolution images or videos, which can make your release more engaging and provide a visual representation of your announcement.
Submission to CoinDesk typically involves reaching out via their designated email address for press releases or through a submission form on their website. It’s important to adhere to their submission protocol, which might include specific file formats or methods of delivery. Since CoinDesk receives a large volume of submissions, make sure to submit your press release well ahead of your desired publication date, allowing ample time for their editorial team to review it.
After submission, be patient but prepared for follow-up. If CoinDesk’s editorial team is interested in your press release, they may contact you for additional information or clarification. Be ready to respond promptly and provide any additional details that may be necessary.
The success of a press release on CoinDesk hinges on relevance, clarity, and adherence to submission guidelines. By presenting your news in a manner that aligns with the interests and standards of CoinDesk, you not only maximize the chances of your press release being published but also position your company as a noteworthy participant in the blockchain and cryptocurrency dialogue.
London, UK, November 6th, 2023, Chainwire
Memeinator, the meme coin on a mission to reach a $1B market cap, is going from strength to strength, with the presale having already raised $1M in under 4 weeks. Stage 5 tokens look to be selling out imminently and will see the price increase from $0.0125 to $0.0133 for stage 6.
This puts Memeinator on track for an early 2024 listing, with several rumors circulating further the recent Blockchain Live conference of prominent exchange listings in the pipeline.
The team has also announced the release of the much-anticipated referral programme that pays out investors up to 15% on referral fees, much to the delight of the Memeinator “Resistance” community”; a cohort of crypto degens hoping to stir up a revolution in the meme coin trading market.
In a recent statement the community manager Dylan Lee, shared that:
“We’re really happy with the explosive growth of the Memeinator brand as it’s exactly what is needed to drive this presale to close and to get us out and traded on the biggest exchanges. Our roadmap is 100% on track and we’ve just released our referral program, merch store, and the creative team just dropped a rather special product concept video as part of our viral marketing strategy. Seeing the presale pass the $1M has only increased the drive in our team. We can’t wait to share more updates on the presale progress.”
A mission to become a crypto disruptor
Memeinator makes no secret that its goal is to disrupt the meme coin trading space and has publicly stated that the project team’s goal is to hit a $1 billion market cap, which would put it up there with its rivals Dogecoin and Shiba Inu.
The team’s strategy, as outlined in their whitepaper, is to use powerful marketing techniques to drive international investment and eventually list the project on Tier 1 exchanges. The community manager Dylan Lee has also been actively promoting the project at recent blockchain conferences in London and Dubai.
The project is not without utility, but this is paired back as an antithesis to the many meme coins overpromising on complex tech that has not as yet been delivered. The project is developing an AI based on sentiment analysis that will fuel the meme coin ‘enemies’ forecasted to appear in the upcoming game launch due in early 2024 “Meme Warfare: Episode 1 – The Memeinator Chronicles”. The action-packed game will reward MMTR token holders with a variety of exclusive features, but also generate rewards from what is hoped to be a heavy web2 presence that can feed back into the project in its journey to the top traded meme coin charts.
This makes strategic sense, given the enormous popularity in the growing GameFi space that is expected to exceed $90 billion in revenue over the next 7 years. If the Memeinator can grab a slice of the pie, it might certainly indicate a long-term potential for MMTR that could see a positive impact on the market cap in the next bull run.
The efforts have been noticed, with prominent influencers including the well-respected No BS Crypto channel having published reviews including the recent “The Only Meme Coin Worth Buying In 2023? (Pepe Coin Killer!)” video on YouTube.
In order to guarantee the project’s trustworthiness and security, Memeinator underwent a thorough audit conducted by Solid Proof. Since 2020, Solid Proof has been diligently auditing emerging blockchain projects. Operating from Germany, the audit specifically evaluates project protocols, reliability, smart contracts, and performs KYC assessments for the project team. This places Memeinator in the company of esteemed audits conducted for projects such as UNCX, Shopping.io, and ZyberSwap.
The project is currently in Stage 5 of its raise, and MMTR tokens are priced at $0.0125. The price will increase to $0.0485 – an overall increase of 288% – before listing on exchanges; this is due in early 2024. The explosive growth of the brand has seen Memeinator make it to position one on a number of news sites including Banklesstimes and CoinJournal in their crypto rankings.
About Memeinator
Memeinator is the antidote to the hundreds of throwaway meme coins that lack any legitimate utility. With its deflationary token, engaged community, expertly crafted NFT collection, and AI-powered video game, it offers real innovation instead of just hype. Its purpose is to eclipse its rival meme coins. And, on the way, deliver strong returns to its community via both trading its MMTR coin and staking, before smashing the $1 billion market cap.
For more information and to buy Memeinator (MMTR) visit the website.
Website | Whitepaper | Socials
Contact
Memeinator Team
Memeinator
pr@memeinator.com
Georgetown, Cayman Islands, November 3rd, 2023, Chainwire
Injective, a Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has selected the Kava Chain’s Native USDT for their Perps trading. The Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos.
This collaboration is poised to bring significant benefits to users of both platforms, signaling that this transformative partnership is set to reshape the world of DeFi. The integration of Kava Chain’s capabilities with Injective’s revolutionary DeFi technology is set to offer a host of advantages for both platforms, including Enhanced Trading Opportunities, Improved Liquidity, and Cross-Chain Flexibility.
“The introduction of stable asset interoperability is a major boon for the Injective ecosystem. USDT stands as a cornerstone within the broader crypto industry, and the extension of Kava’s USDT offering will serve as a major milestone for the community,” said Eric Chen, Co-Founder and CEO of Injective Labs.
The choice of Kava Chain’s native USDT for Perps Trading exemplifies the mutual benefits that this partnership brings, offering users the best of both worlds and enriching the DeFi experience for traders, investors, and developers alike. Together, they are poised to reshape the possibilities within the decentralized finance sector.
“We are thrilled that Injective has chosen the Kava Chains native USDt for perps trading. This partnership with Injective is a testament to our commitment to fostering innovation and access within DeFi. We are excited to offer our users the powerful tools and capabilities that Injective brings to the table,” said Scott Stuart, Co-Founder and CEO of Kava Labs.
Tether’s decision to integrate USDt natively on Cosmos in July 2023, using the Kava Chain as a hub, has since brought accessibility and financial stability to users and developers within the Cosmos ecosystem. After Osmosis, Injective is the 2nd tier-1 Cosmos protocol that is adopting Kava’s natively issued USDt, therefore simplifying the process, and offers a streamlined, efficient mechanism for stablecoin liquidity provision and transfer between the Cosmos and Ethereum ecosystems.
For more information about Injective and Kava Chain and its benefits, please visit their respective websites.
For more updates, follow Kava Chain on X (fka Twitter).
About Kava
Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, Kava Chain is a trusted choice for developers and users worldwide.
About Injective
Injective is a lightning-fast interoperable Layer-1 blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera, and Mark Cuban.
Contact
Media Manager
Guillermo Carandini
Kava
guillermo.carandini@kava.io
Zug, Switzerland, November 2nd, 2023, Chainwire
The Open Network Foundation (TON Foundation) has today announced that, during a successful live-streamed stress test, the TON blockchain has proven that it is the world’s fastest and most scalable public blockchain. The TON testnet was launched on 256 validators. Under heavy load, the testnet split into 512 shards, enabling the network to achieve a speed of 104,715 TPS. The unprecedented success of this test has proven TON capable of being the infrastructure layer for the Web3 ecosystem in Telegram and large enterprises seeking to create blockchain-based products, as well as a global decentralized network ready to usurp traditional finance rails.
In test runs, the TON testnet outpaced the reported speed of Visa while exceeding a speed of approximately 100,000 TPS, far surpassing the speed of approximately 65,000 TPS recorded by the previous record holder.
The data generated by this test has been verified by The Open Network’s security partner, CertiK, which is a Web3 smart contract auditor providing a comprehensive suite of tools to secure the industry at scale. CertiK has performed formal verifications of the TON blockchain to confirm its stability and security and has also assisted TON Foundation in verifying network speeds. TON Foundation used the infrastructure of Alibaba Cloud, the cloud computing subsidiary of Alibaba Group, to deliver the live-streamed stress test.
The stress test involved multiple layers of verification and performance monitoring. CertiK authenticated the network’s architecture, ensuring the 256 validators were operational and configured according to the specified settings. The nodes’ software versions were also checked for uniformity. During the actual performance test, TON lite servers were employed to fetch transaction counts at one-minute intervals, which were then used to calculate the TPS.
TON’s unique architecture means that the blockchain is inherently scalable by design. TON takes the concept of sharding to its extreme, using an “infinite sharding paradigm” to form a blockchain of blockchains. TON is able to split into 2^30 workchains, each of which can then be subdivided into up to 2^60 shards. TON is designed so that rather than having the capacity constantly available, TON may rapidly scale capacity as and when demand requires it. This ensures that computational power is used as efficiently as possible.
A host of large enterprises have started to recognise the benefits of using TON as their infrastructure for Web3 services. In September 2023, TON Foundation announced a collaboration with Telegram and Tencent Cloud. These partnerships are the first of many, with TON set to play a key role in hastening the mass adoption of blockchain technology by individuals and industries alike.
“The most amazing thing is that, despite the record-breaking results, the speed reached is not the limit of what TON is capable of. With a sufficient number of validators, TON’s unique architecture allows the blockchain to scale almost infinitely and process millions of TPS from billions of users.” said Anatolii Makosov, Core Development Lead at TON Foundation. “We are pleased to show you in practice that, with only 256 cloud validators, the TON blockchain broke the world speed record.”
About TON Foundation:
The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. TON Foundation is 100% funded by the community, acting in the community’s interests, and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation.
About The Open Network (TON):
The Open Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem in Telegram Messenger, TON is giving billions the opportunity to own their digital identity, data, and assets. See more at https://ton.org/.
Contact
TON Foundation
ton@theagencypartnership.com
London, United Kingdom, October 27th, 2023, Chainwire
Roobet, the pioneering entertainment company and next-generation crypto brand, is thrilled to announce its official launch in the Japanese market.
This exciting expansion coincides with the highly anticipated season opening of the Nippon Professional Baseball League (NPB) on October 28. As the season kicks off, Roobet is ready to bring a fresh wave of innovation and excitement to Japanese sports and esports enthusiasts.
To celebrate, Roobet is hosting a $1,000,000 Pick’em contest on Roobet Picks, the company’s free-to-play platform. Baseball and esports fans can participate to test their sports knowledge, make predictions, and compete for life-changing prizes – at no cost, other than perhaps a bruised ego.
The Roobet brand has a proven commitment to fostering crypto and web3 innovations, curating a strong sense of community empowered by competitive connections, and leveraging cutting-edge technologies to make experiences seamless and fun. Roobet.fun, as a pillar brand, exemplifies this mission by providing a player-centric, free-to-play experience on an immersive and secure platform.
A Roobet spokesperson stated: “We couldn’t be more excited to bring Roobet to Japan! Japan has a rich gaming and esports culture, and we’re here to pioneer completely new ways for Japanese fans to engage with their favorite sports and esports. Our $1,000,000 Pick’em contest is just the beginning of what we have in store for our friends all across the world – get ready!”
The million-dollar Pick’em contest is set to become a highlight in the Japanese gaming calendar, but Roobet Picks has more to offer – with a wide array of predictor quizzes covering various competitive sports globally, including the Nippon Professional Baseball League (NPB), the US’ National Football League (NFL), Ultimate Fighting Championship (UFC), boxing, the English Premier League (EPL), and esports such as the Roobet Cup and a Daily Game, with more leagues and competitions to be added soon.
With Roobet.fun catering to those trying out crypto or simply enjoying free-to-play games, and Roobet.com continuing its industry-leading innovation in the crypto gaming space, the Roobet brand is redefining the entertainment landscape and leading the way in inclusive and creator-led gaming.
ABOUT ROOBET
Roobet is creating a space for every type of gamer. What started as a haven for crypto enthusiasts has hit the mainstream: with over 300M views on TikTok, the drumbeat from Gen Z and Millennials is building – Roobet is a brand “for the internet, by the internet.”
Roobet.fun catering to those trying out crypto or simply enjoying free-to-play games, and Roobet.com continuing its industry-leading innovation in the crypto casino space, the Roobet brand is redefining the entertainment landscape and leading the way in inclusive and creator-led gaming.
*Roobet.fun is available in Japan and worldwide except the United Kingdom, Australia, North Korea, Ukraine, Romania, Serbia, India, Philippines, Malta, and Iran, and in all US states and territories except Kentucky, Florida, New York, Washington and Nevada.
Contact
Roobet
media@roobet.com
London, United Kingdom, October 26th, 2023, Chainwire
XETA Genesis is a DeFi platform that has been delivering monthly returns of up to 20% to investors in a year.
XETA Genesis was launched as XETA Capital in July 2022, under the leadership of Gavin Minty and the X user known as @Shotime2kX. The project has built a community of around 15,000 followers on X and 2,000 members on Discord since its inception.
The consistent performance of XETA Genesis can be attributed to high-frequency trading algorithms. The project applies it across a diverse spectrum of financial markets – forex, gold futures, gold ETFs, and other precious metals.
Using DeFi, XETA Genesis makes the fertile opportunities in TradFi accessible to the masses. It enables them to leverage the technical expertise and resources of the project for affordable investments.
According to the team, the company has generated over $44 million for investors using its nuanced technical expertise. The average monthly return rate is much higher than the industry standard at 20%. There is a wide range of investment options, beginning with an accessible entry point of $250 to $250,000+.
Users can withdraw their returns on the platform every 28 days (XETA cycle). The XETA Genesis dashboard allows real-time monitoring of investments and returns.
Genesis Accounts vs. Genesis Pools
Users can join the ecosystem via Genesis accounts or Genesis pools on Avalanche or Ethereum. Since conventional cryptocurrencies are susceptible to market volatility, XETA Genesis uses the stablecoin USDC as the mode of deposits and withdrawals.
XETA Genesis Accounts
Genesis accounts are designed for small-scale investors. It offers various membership tiers with costs ranging from $250, $500, and $1,000 in USDC.
The potential returns from XETA Genesis account holders can range up to 20% within each 28-day cycle. Investors can make withdrawals at the conclusion of each XETA cycle. All XETA Genesis accounts will expire after a one-year duration.
If investors would like to continue earning returns, they must renew their membership by making a new deposit. All Genesis accounts entail a $25 monthly maintenance fee and a 2.5% withdrawal fee. It is important to note that principal amounts from Genesis accounts cannot be withdrawn.
The company announced it will close users account and forfeit their balance if the monthly membership fees go unpaid.
For example, a XETA Genesis Account with a $1,000 USDC deposit has the potential to yield a 100% return on investment within a year (at a 20% monthly ROI), even after accounting for withdrawal and maintenance fees.
XETA Genesis Pools
XETA Genesis pools provide an alternative way to earn returns through the platform and are part of the XETA Fund (XF). Better suited for medium to large-scale investors, they offer different tiers of investment.
$10,000 – Offers up to 5% monthly returns.
$50,000 – Provides up to 10% monthly returns.
$100,000 – Yields up to 15% monthly returns.
$250,000 – Promises up to 20% monthly returns.
Genesis pools charge a monthly management fee (2.5% of the principal balance) and withdrawal fees. Users have the flexibility to withdraw their principal with Genesis pools.
If a user deposits $10,000 into a XETA Genesis pool and let their 5% returns compound over a year without any withdrawals for the next 12 months, the balance would be approximately $16,000 at the end of that period.
Wrapping Up
Both Genesis accounts and Genesis pools offer various opportunities this year. The choice between the two ultimately comes down to user’s financial situation and risk tolerance.
If users wish to delve deeper into the project, there’s also the option to schedule a consultation with a member of the XETA team.
About Xeta Genesis
XETA Genesis is a project from XETA Ltd, which is headquartered in Belize. Leaders Gavin Minty and @Shotime2kX frequently show up on YouTube videos and address any doubts and questions the community may have. Additionally, users can engage with Discord coordinators around the clock. XETA Genesis has positive testimonials on its official Discord group.
As one of the most lucrative platforms that make high-frequency trading accessible to retail investors, XETA offers a compelling investment opportunity this year. Integrating USDC stablecoin as its currency, the platform provides a degree of insulation against broader market fluctuations.
Users are welcomed to Visit Xeta Genesis Website
Disclaimer:
Like all investments, XETA Genesis comes with risks. So it is important to not allocate more funds than you can afford to lose.
Contact
Xeta Genesis
info@xetagenesis.com
Hong Kong, Hong Kong, October 24th, 2023, Chainwire
Fulcrom Finance, the largest perpetual trading protocol on the Cronos blockchain, incubated by Cronos Labs, announced a major multi-chain upgrade, expanding its platform to the zkSync Era layer-2 protocol. In less than a week following the launch, Fulcrom Finance grew to become one of the top decentralized applications on zkSync Era in terms of total value locked.
Fulcrom Finance has emerged as the leading perpetual exchange on Cronos for pro traders since its initial launch in Feb. 2023, with its focus on low slippage, minimal fees and 75x leverage. It has been hugely successful, accruing a total trading volume of more than $500 million.
To accelerate its growth and support its existing community of stakers, Fulcrom announced its expansion to zkSync Era on Oct. 5. Rather than launch a separate protocol, Fulcrom bridged 2.4 billion $FUL tokens from Cronos to zkSync Era to support its presence there – a move that will benefit users on both chains. zkSync Era is a layer-2 protocol that scales Ethereum with cutting-edge zero-knowledge technology to preserve its foundational values of freedom, self-sovereignty, and decentralization. It aims to achieve hyper-scalability, security, UX, and community ownership, and has been backed by more than 200 projects.
Fulcrom’s decision to collaborate with zkSync Era is the vision of a multi-chain future which is shared by Cronos and Fulcrom. The move will help to reshape the derivatives trading landscape by creating unprecedented opportunities for traders. By launching on zkSync Era, Fulcrom will accelerate value accrual for $FUL token holders. As it grows its user base beyond Cronos, $FUL stakers on both blockchains will benefit from the influx of trading activity.
The integration with zkSync Era has hit the ground running, as Fulcrom rose rapidly to become one of the top dApps on the platform in TVL (with more than $750K assets under management) within just five days of its launch. The launch has increased Fulcrom’s trading volume on both platforms to over $500 million, while there has been a 36% increase in the number of unique active wallets interacting with the protocol in the last 30 days. One of the key reasons for Fulcrom’s flying start is its partnership with Syncswap, the top DEX on zkSync Era, enabling it to access the liquidity of that platform.
To celebrate its launch on zkSync Era, Fulcrom has announced the creation of a $100k rewards pool that will be distributed to traders between now and Jan. 5 2024, based on their trading volume.
“Fulcrom Finance shares the same foundational values of freedom, self-sovereignty and decentralization with zkSync Era, and is committed to leveraging ZK-proofs to increase user privacy and enhance speed and scalability. By bridging a significant portion of $FUL tokens, Fulcrom will grow its trading volume and significantly increase the rewards generated by token holders on both Cronos and zkSync Era,” said Martin Alastair, Product Lead at Fulcrom Finance.
In recent weeks, Fulcrom’s platform has matured to attain parity with the industry’s leading DeFi protocols. Today’s announcement comes hot on the heels of last month’s launch of TradeSquare, a new social trading feature that allows users to discover the top traders on its platform and follow their trades.
About Fulcrom Finance
Fulcrom Finance is a decentralized perpetual exchange on Cronos and zkSync Era that allows users to trade leveraged positions with up to 75x leverage, low fees, and zero price impact, whilst having the peace of mind that all trades and collateral are stored transparently on-chain.
Fulcrom Finance is incubated by Cronos Labs – the Web3 startup accelerator that helps builders to create user-friendly applications on the Cronos blockchain and to drive mainstream adoption of Web3.
About Cronos
Cronos (cronos.org) is the leading Ethereum-compatible layer 1 blockchain network built on the Cosmos SDK, supported by Crypto.com and more than 500 app developers and partners. Today, the #CROfam ecosystem represents an addressable user base of more than 80 million people worldwide. Our mission is to make it easy and safe for the next billion crypto users to adopt Web3, with a focus on decentralized applications in the DeFi, NFTs and GameFi verticals.
Shortly after launch in 2021, Cronos achieved a top 10 position amongst all chains by TVL. It is home to more than 1 million users and 500+ dApps.
Transaction fees are paid in Cronos ($CRO), a blue chip cryptocurrency.
The Cronos ecosystem is supported by Cronos Labs, the start-up accelerator of Cronos chain.
Contact
Avishay Litani
MarketAcross
pr@marketacross.com
Birkirkara, Malta, October 24th, 2023, Chainwire
UTIX, the blockchain-based e-ticketing platform that provides event organizers across the globe with the ability to sell online tickets, has announced its native $UTIX cryptocurrency reward token will be available to buy and sell on the BitMart exchange from October 31.
The UTIX platform is a software-as-a-service offering that provides comprehensive and highly customizable e-ticketing solutions to event organizers. It’s built atop of the Ethereum blockchain network, which enables it to utilize smart contracts to monitor and control the sale of tickets via its e-ticketing ecosystem. UTIX generates revenue by charging small fees on each ticket sold, meaning its platform is completely free for event organizers to use.
The main purpose of the $UTX ERC-20 loyalty token is to reward consumers for their continuous use of the UTIX platform and encourage them to come back again and again. By earning $UTX every time they purchase e-tickets via UTIX, users can obtain discounts on future events listed on the platform. In this way, $UTX loyalty rewards give event organizers a compelling incentive that entices users to purchase tickets for their events. UTIX has also registered its Whitepaper with the MFSA (Malta Financial Services Authority) and became one of only 3 digital assets in the world with this level of regulation.
With the UTIX platform, event organizers have a seamless way to implement smart contracts that control numerous variables pertaining to each ticket sold. In addition to its ease of use, the UTIX platform allows sellers to control the secondary market price for e-ticket sales, preventing touts from buying up multiple tickets and passing them on at a huge markup. And because it leverages blockchain’s immutability, UTIX helps to combat fraud by minimizing the possibility of counterfeit tickets being sold.
Most importantly, the capabilities of UTIX are wrapped around a simple user interface, meaning that neither the event organizers nor end users will be aware they’re interacting with a blockchain platform. In this way, it provides all of the benefits of a blockchain-based ticketing platform, without any of the complexity.
The listing of $UTX on BitMart is a big milestone that increases the token’s utility, enabling users to cash in on their loyalty rewards, in addition to using them for discounted tickets. The event is also expected to garner more publicity for the UTIX platform.
“We’re thrilled to announce the first listing of our $UTX token, which holds the distinction of being the world’s first MFSA-regulated digital asset. As we scale UTIX to become the dominant platform in the broken e-ticketing market, the listing will increase exposure to the project and $UTIX’s novel utility. BitMart’s massive user base will bring more liquidity to the market and greater value to our community,” said Max Mayhew, Managing Director of UTIX.
BitMart is a leading global digital asset trading platform that counts more than 2 million users worldwide. Ranked as one of the world’s top cryptocurrency exchanges in both user count and trading volume, it will add support for $UTX/$USDT and $UTX/$BTC trading pairs on Oct. 31, providing greater exposure to the UTIX ecosystem.
“BitMart is proud to become the first major global cryptocurrency exchange to list the $UTX loyalty rewards token. UTIX’s mission to bring new efficiencies to the online ticketing industry is a transformative one that showcases yet another promising use case for blockchain. With $UTIX now available to trade on our platform, it’s a project that’s rapidly approaching maturity,” said a BitMart representative in a statement.
About UTIX
UTIX is a blockchain-based online e-ticketing platform that enables event organizers across the world to sell online tickets with minimal hassle and greater control. Powered by Ethereum, UTIX aims to eliminate the efficiencies associated with legacy e-ticketing platforms through the use of smart contracts.
Users and event organizers will be unaware they are using the blockchain, yet by harnessing its unique capabilities, UTIX allows full control of event-specific variables that would otherwise be impossible. In addition to eliminating the threat of counterfeits, UTIX provides a way to set the secondary market price for e-tickets, permanently solving the problem of ticket touts who routinely try to sell tickets at a massive markup.
Contact
Avishay Litani
pr@marketacross.com
Dubai, UAE, October 18th, 2023, Chainwire
OKX, a leading crypto exchange and Web3 technology company, today announced that futures spreads trading volumes on its Liquid Marketplace, a spot OTC, futures spreads and options liquidity network, reached a record monthly high of US$1.54 billion in September 2023. This achievement represents 62%* of the institutional market share for futures spreads for the month.
Since the July 2023 launch of Nitro Spreads, a venue under OKX’s Liquid Marketplace for institutional traders to execute basis, futures spreads and funding rate arbitrage strategies, OKX’s cumulative futures spreads volumes led the market from August 28 to October 11 in 2023.
OKX’s volumes on futures spreads also excelled during ‘high-water mark’ volume days, with OKX futures spreads notional volumes exceeding the 100 million USDT mark on four occasions within the date range (on September 12, September 19, September 28 and October 10 in 2023).
These trading volume milestones solidify OKX’s Liquid Marketplace as the go-to venue for institutional traders looking to take advantage of superior liquidity for a range of trades, including futures spreads, spot OTC basis and options.
OKX Chief Commercial Officer Lennix Lai said: “The latest futures spread volume figures confirm that OKX Liquid Marketplace is a diverse ecosystem of counterparties pursuing a range of trading strategies and indicates that it is a trading venue of choice for institutional traders. We have worked hard to develop the products, liquidity and intuitive trading features traders demand in an intensely competitive market environment. We will continue to listen to our traders and adapt the platform to their needs going forward to further grow our customer base.”
Since its launch in July 2023, OKX announced on October 6 that Nitro Spreads has surpassed a cumulative trading volume of over 2 billion USDT.
Nitro Spreads is a venue for institutional traders to execute advanced strategies and facilitate delta rolls efficiently on OKX’s Liquid Marketplace. With the ability to execute both legs of a trade via a central orderbook, Nitro Spreads minimizes leg risk between markets and provides institutional traders with enhanced capital efficiency. Before execution, traders can also select a guaranteed spread for a trade, mitigating unexpected price slippage. Trades are then matched and settled immediately.
*Source: Laevitas
About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
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Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. Leveraged trading in digital assets magnifies both potential gains and potential losses and could result in the loss of your entire investment. Past performance is not indicative of future results. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, particularly if considering the use of leverage.You are solely responsible for your trading strategies and decisions, and OKX is not responsible for any potential losses. Not all products and promotions are available in all regions including the U.S.A., U.K., Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Syria Malta, Australia, Bangladesh, Bolivia, The Bahamas, Canada, Malaysia, Hong Kong, France, and Singapore. For more details, please refer to the OKX Terms of Use and Risk & Compliance Disclosure.
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