Europe’s biggest crypto dev shop, BoostyLabs, and Hypra Fund have launched a joint venture studio for early-stage Web3 projects. The initiative also got support from Clust venture builder.
Boosty Venture Studio provides its portfolio projects with the best dev team in Europe, a network of industry-leading VCs, legal and operational support, and an initial investment of up to $300,000. It becomes a co-founder of each of the projects.
Boosty is looking for infrastructure projects, tools for developers and software-as-a-service solutions for Web3. It’s already incubated two startups, with plans to invest in five more by the end of the year. One of them is Stroom Network, a liquid Bitcoin staking protocol on the Lightning Network built by Lido and Bitfury alumni.
All founding partners of the studio are prominent Ukrainian investors and entrepreneurs. They have built successful tech companies with hundreds and thousands of employees. The initiative is led by crypto media veteran Nick Schteringard, former editor-in-chief of Forklog.com.
Igor Pertsiia, managing partner of Hypra, has closed over 50 venture deals throughout his career at TA Ventures. He advises Boosty’s startups on fundraising strategies.
“We are looking for ambitious founders from Ukraine and all over the world to build Web3 together. I’m especially proud that we invest in Ukrainian entrepreneurs. Our country is leading crypto adoption despite the ravaging full-scale war,” said Pertsiia.
Ryslan Tymofieiev, founder of Clust, has built a performance marketing company with 2,000 employees and a presence in 30 countries. Together with Adventures Lab partner Ruslan Drozdov, he mentors Boosty’s startups on operations efficiency.
“The ultimate goal of venture building is to accumulate experience, knowledge and methodologies to help startups overcome the death valley. It’s all about creating a systemic approach to building companies,” added Tymofieiev
Founders can submit an application here to join Boosty’s 2022 batch.
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California, United States, 26th October, 2022, Chainwire
Regen Network Development released its marketplace application for tokenized carbon and ecological assets, Regen Marketplace. Regen Network allows carbon project developers to originate high-quality nature-based carbon credits to markets, catalyzing regenerative finance solutions to the climate crisis. Regen Marketplace takes advantage of Regen Ledger, the application-specific blockchain which brings transparency and public governance to voluntary carbon markets, built on the CosmosSDK.
Regen Marketplace is a blockchain platform for the origination, governance, and exchange of tokenized ecological assets. Climate impact projects can define, manage, mint, and sell tokenized carbon and other ecological assets in the blockchain-based registry system.
Using Regen Marketplace, blockchains and validators striving to meet their climate commitments are encouraged to purchase, transfer, retire, and bundle tokenized carbon on the blockchain for carbon offsetting purposes, effectively removing carbon dioxide and other greenhouse gasses from the atmosphere. Blockchain dApps are encouraged to export tokenized carbon for DeFi or consumer climate impact apps.
In addition to the Marketplace launch, Regen Network will be introducing the Nature Carbon Ton to the Interchain Economy. NCT will be the first IBC-compatible carbon token for the Interchain economy by the soon-to-be launched Regen Ledger to Polygon bridge, co-implemented by Regen Network Development and Toucan Protocol. This allows for the activation of the Cosmos ZERO campaign, a climate impact initiative for Cosmos-ecosystem blockchains to become carbon neutral. In this campaign, Cosmos-based protocols work to identify their carbon footprints, utilize protocol governance to make a carbon neutral commitment, purchase Nature Carbon Ton from the $NCT:$REGEN pool launching on the Osmosis decentralized exchange, and redeem NCTs for ecocredits, retiring them on Regen Ledger for carbon offsetting claims.
Since 2020, Regen Network Development has partnered with blockchain protocols to become verifiably carbon neutral, including Osmosis, Stargaze, and Cheqd, retiring over 10,000 tons of carbon. In doing so, participants are able to submit a personalized message about their climate impact as tokenized carbon is retired, to be memorialized on the blockchain.
The CosmosZERO campaign aims to catalyze protocol and validator carbon offsetting within the Cosmos-based ecosystem to achieve the goal of net zero carbon emissions on the blockchain.
Gregory Landua, CEO of Regen Network Development, said, “The launch of the Regen Marketplace is a historical milestone in the global effort to address the climate crisis. Bringing more nature-based credits to a market hungry for a supply of high-quality carbon credits will help scale the global effort to reverse climate change. The underlying characteristics of this disruptive new marketplace are critical – radical transparency, community governance, and an open-source tech stack designed to rapidly expand and decentralize the global movement to reverse climate change. Regen Network is a neutral, sovereign appchain to serve the demands of the growing climate impact movement and market for nature-based carbon and ecological assets.”
Regen Network’s strategic launch partnership with City Forest Credits Registry (CFC) aims to kick-start a market for urban forest carbon credits by tokenizing and listing the 2021 City Forest Credits portfolio in Regen Marketplace.
CFC is the US national standard for carbon emission reductions through urban forest preservation and carbon removal through urban tree canopy reforestation. The urban forestry projects featured in the marketplace launch have direct impacts on 20 million Americans in urban communities, represent all the verified city forest carbon across the United States, is the largest urban forest carbon placement in history, and the first blockchain-based urban forestry portfolio.
As Regen Network onboards more partners to participate in the growing ecosystem of climate impact champions, like Moss.Earth, Open Earth Foundation, Earthbanc, ERA Brazil, Shamba Protocol, and Terra Genesis International, the protocol hopes to gain mainstream participation in the end-to-end lifecycle of seamlessly designing, tokenizing, and purchasing carbon credits to retire them for climate change impacts. Over 20 partners are currently designing new ecological assets within Regen Marketplace, giving consumers access to a climate-positive economic system. In 2020, Regen Network sold and retired over 120,000 CarbonPlus Grasslands credits to Microsoft for its Moonshot goal on the Regen Network blockchain.
For more information visit www.regen.network
Gregory Landua, CEO of Regen is available for interview
About Regen Network
Regen Network is an application-specific blockchain designed to serve the demands of the growing climate impact movement and market for nature-based carbon and ecological assets. Regen Network’s blockchain infrastructure originates high-quality nature-based tokenized carbon to markets, catalyzing regenerative finance solutions to the climate crisis.
About Regen Network Development, Inc.
Regen Network Development, Inc. is a blockchain software development company focused on building applications for ecological regeneration on the Regen Network blockchain. RND, Inc has been a maintainer of the CosmosSDK software stack since 2019.
RND Inc. is responsible for the largest Australian-based carbon credit purchase, the largest US-based urban forest carbon purchase, and the largest soil carbon credit purchase in history. RND Inc. sold the first issuance of CarbonPlus Grasslands credits to Microsoft for its Moonshot goal.
Learn more at https://regen.network, Press Kit, and follow us on Twitter.
Press Contact: David Fortson, david@loalabs.io
About City Forest Credits Registry
City Forest Credits is a 501(c)(3) nonprofit carbon registry that manages carbon and impact standards for metropolitan areas in the United States.
Contact
Director of Marketing
David Fortson
Regen Network Development
david@regen.network
805-450-2357
Singapore, Singpore, 19th October, 2022, Chainwire
The Bank for International Settlements (BIS) Innovation Hub and Bank Indonesia under the Indonesian G20 Presidency announced the winners of their jointly organized G20 TechSprint competition last week during a live award ceremony in Jakarta. This third edition of the TechSprint aims to catalyze the development of central bank digital currency (CBDC). Twenty-one finalists from more than 100 applicants worldwide developed and submitted innovative best-in-class CBDC solutions.
Dragonfly Fintech Pte. Ltd. from Singapore won the coveted “Effective and robust means to issue, distribute and transfer CBDCs” category ahead of about 100 participants globally, including some Fortune 500 companies. The other finalists for this category included BitMint, FIS, Mastercard Asia Pacific, R3, Ripple, Roxe CBDC, S.e.A.(Stellar, eCurrency and ANZ).
Other competition categories were “Enabling Financial Inclusion and “Improving Interoperability.” Eleven global expert judges conducted rigorous evaluation and scoring to decide the winners.
With the announcement of this year’s winners, Cecilia Skingsley, Head of the BIS Innovation Hub, said:
“This TechSprint has allowed us to improve our practical work on CBDCs. These technological solutions add to the central banks’ toolbox and provide a springboard for the further development of CBDCs. Our heartiest congratulations to the winning teams.”
Dragonfly’s winning production-ready solution showcased an effective and robust means for the issuance, distribution, and transfer of CBDC for wholesale and retail usage. The submitted solution included the following:
- nCore: Dragonfly’s proprietary blockchain infrastructure, designed for digital banking, enabling regulatory compliance, privacy and control, direct correspondent banking, and interoperability with legacy systems.
- Central Bank Solution: Integrated with an independent central bank-controlled network, a central bank can securely issue and distribute CBDC, execute monetary policy, and have complete oversight over CBDC in circulation. Onboarded financial institutions (FIs) can leverage the network to settle multi-currency transfers.
- mWallet: Integrated with an independently controlled FI network, Dragonfly’s mobile banking solution comes with a modularized backend operating management system that can quickly scale into a full-fledged digital bank.
Dragonfly followed key design principles to make CBDC SIMPLE, with its solution being:
- Scalable: The distributed multi-network design can quickly scale to serve a national CBDC rollout and facilitate cross-border payments.
- Interoperable: Operators can integrate with existing core banking ledgers and external payment and settlement rails.
- Modular: New digital banking modules can easily be plugged in using APIs and SDKs available in multiple common coding languages.
- Programmable: High programmability facilitates the design of innovative services, giving operators a competitive edge.
- Layered: The solution is a ready-to-use stack of future-proof layer one and two technologies.
- Extensible: A multi-touchpoint experience with dual offline capabilities that can serve the unbanked.
Dragonfly’s founder and CEO, Lon Wong, gave his thoughts on the optimal implementation for CBDC:
“For any country to embark on CBDC, I believe an implementation must be able to converge with the existing web of legacy financial systems. The financial burden for a significant CBDC rollout, especially for a vast and spaced-out archipelago like Indonesia, should be minimized through distributed and decentralized technology, preferably in a cloud environment, enabling the lowest possible cost of ownership with no single point of failure.“
Board member and advisor of Dragonfly, Jeswant Gill, outlined next-steps for the company:
“Our avant-garde platform infrastructure allows us to continue building more plug-ins, features, and functions. The modular design facilitates continuous innovation enabling our solution to advance and mature at an accelerated pace, staying the course as a market leader. A key focus moving forward is to engage and collaborate with the Indonesian government to pilot our CBDC solution.“
Winning this challenge serves as an affirmation that cutting-edge technology can be implemented cost-effectively. Dragonfly is inspired to bring its practical solution to emerging economies globally.
About Dragonfly Fintech
Dragonfly Fintech offers groundbreaking technology that is optimally cost-effective and easily accessible. Its customizable blockchain-powered fintech solutions help companies grow revenue and expand offerings while keeping costs at bay. Dragonfly solves legacy problems like complex infrastructure, slow transactions, and low interoperability with a technology suite that allows enterprises and governments to leverage blockchain technology, deploying cutting-edge fintech solutions with fast time-to-market and maximum accessibility.
To find out more about Dragonfly’s products, visit www.dfintech.com. Get in touch by emailing enquiry@dfintech.com.
Contact
Executive Director
Nicholas Watson
Dragonfly Fintech Pte Ltd
nicholas.watson@dfintech.com
NEARStarter, a DAO-governed incubator on Near and Aurora, will be providing its incubation services to Meteor Wallet, a simple and secure wallet on the Near Protocol.
The NEARStarter incubator is a decentralized autonomous organization (DAO)-governed incubation program for early-stage projects launching on Near and Aurora.
In its two years of life, the popularity of nonfungible tokens (NFTs), decentralized finance (DeFi), gaming and other Web3 projects on the Near Protocol has grown significantly, forcing the adoption of high-quality incubators to support them.
As an incubator, NEARStarter not only helps projects like Meteor Wallet receive proper funding to benefit from liquidity but also introduces them to a significant and international crypto network, as well as increasing their social media presence by participation in AMAs or contests.
Meteor Wallet, one of the up-and-coming incubated projects on NEARStarter, is a simple and secure Wallet on the Near Protocol that allows users to collect NFTs, access DeFi and explore the Near Ecosystem. Jonathan Myburgh, head of growth at Meteor Wallet, noted:
“It’s pretty crazy to think that this all started from an NFT collection (Near Tinker Union) with the aim to build products that benefit the Near ecosystem. We started by building a no-code NFT launchpad but soon realized that Near lacked a wallet that matched its UX ambitions to help transition Web2 over to Web3.
Our goal is to be the go-to wallet that makes the Near blockchain simple and secure for users within one super wallet app (identity, financial, social, your gateway to the chain).
Edward Chew is the founder of Near Tinker Union NFT and leads the technical nature of Meteor Wallet. He previously worked at one of the largest e-wallet companies in Asia.
We are grateful for the NEARStarter team that has been alongside us from the early stages of the project.”
The incubator program aims to serve as the Near and Aurora ecosystem’s top growth engine. To do so, they have so far been successful in helping several projects to develop in the Near market with great partners and international Guilds that NEARStarter is collaborating with.
The wallet was founded by an all-star team that also developed top-notch projects like Near Tinker Union, a top five NFT project on Near in terms of volume, and Enleap, a leading NFT launchpad platform on Near.
Ramiro Gamen, head of accelerator at NEARStarter, shared:
“At NearStarter, we see tremendous potential in Meteor’s tech and community, but even more in their founders. They’ve harnessed their experiences from Near Tinker Union and their collective knowledge of the industry to develop an amazing tool for Near users to securely store, manage and exchange their digital assets, with unique features that prove ideal to new users coming into the Near ecosystem or blockchain in general.”
Moreover, NEARStarter incubates other projects, including a lending 2.0 protocol and a Web3 Career Hub.
The NEARStarter acceleration program is already recognized as one of the leaders in the Near ecosystem and has established partnerships with crucial projects, including Paras, Roketo, Shitzu, Fluxus and Decentral Bank among others.
Since the market is expanding at an unprecedented speed, NEARStarter, as an incubator, must constantly seek ways to enhance the services it offers. Future plans for the platform include continuing to expand the utility of the “Vicious Fishes” NFT collection, supporting incubated projects through additional high-quality partnerships, and launching the NSTART initial decentralized exchange offering soon. NEARStarter’s energy is in full swing to keep shaking the Near and crypto ecosystem.
More about NEARStarter
NEARStarter is a DAO-governed incubator acting as the ultimate growth engine for the Near and Aurora ecosystem.
Follow NEARStarter’s social media channels to be at the forefront of the Near ecosystem:
Telegram | Discord | Twitter | Blog | Website
Operated by Banyan Collective, Near Hacks successfully debuted in Lisbon, bringing together 18 builders and founders on Near Protocol under one roof. The Near Hacks Founders House by Supermoon Camp boasted a space for collaboration and creativity, while guests shared impressive projects and ideas.
Guests enjoyed the full Nearcon experience, with top panels and interviews alongside Supermoon gatherings. Supermoon Station, Supermoon’s media arm, met with the guests of Near Hacks House and Nearcon participants for a series of interviews uncovering the latest projects in the Web3 space.
As a part of the Near Hacks Founders House experience, Supermoon Station interviewed builders and founders from the Near ecosystem, including Alejandro Betancourt from Metapool, Robert Chen and Alex Donn from Ottersec, Mitchell Gildenberg from Switchboard, Odyssey co-founders Edward Bramanti and Parker Allen, Seung Hyun Lee from Coineasy, Kevin Mazi from Near Africa’s regional hub, Chad Ostrowski from Aha Labs and Luke Devern from Invoker Labs.
A few special guests attended Nearcon as well, including Nearverse founder William Bear and Baron Davis, a former NBA player who works on applications in the Web3 space.
The series of interviews culminated in a chat with Cameron Dennis, founder of the Banyan Collective, who shared the importance of fostering spaces for Web3 founders to organically connect: “The positive potential of decentralized ecosystems is undeniable. However, decentralization can lack coordination to scale long-term. Through the Near Hacks Founders House, we are starting to create the information highways for key players in the Near ecosystem to multiply their growth and win with other change-makers.”
Near Hacks runs hacker houses and hackathons to promote Near-native project development in the United States. Builders on Near can expect curated spaces to collaborate and learn, scaling their projects from MVP to seed and beyond. Near Hacks is operated by Banyan Collective, a grant recipient of the Near Foundation with the goal of providing Ecosystem-as-a-Service to Near-native projects and businesses. Follow Near Hacks on Twitter to learn more about its U.S. tour.
Powered by the Supermoon Camp team, Supermoon Camp organizes high-impact events with elevated networking experiences for talented professionals, founders and builders from different ecosystems with a mission to elevate the Web3 space.
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Wemade, a South Korean gaming company, announced its plan to issue a stablecoin on its mainnet a few months ago. Currently, it’s servicing 16 blockchain games on its platform, WEMIX Play.
The company revealed the detailed mechanism of the stablecoin, WEMIX$. With the launch date of its own mainnet WEMIX3.0 set on Oct. 20, the crypto market is likely to see a brand new stablecoin very soon.
“Stablecoin is the hottest topic in the crypto scene right now,” said Henry Chang, CEO of Wemade. “It is ‘the one who must not be named’ these days,” referring to the Terra crash from which the crypto market still hasn’t recovered.
However, there are three requirements that a successful stablecoin should meet, and WEMIX$ has them all, he went on to argue.
First, a stablecoin must be stable. That may sound obvious, but we’ve seen stablecoins that were unstable. However, WEMIX$ is stable because it will be issued 100% reserved by USD Coin (USDC$1.00), he explained.
He argued that another requirement for a stablecoin is “stable and native reflexivity,” which means when the demand for WEMIX$ increases, the value of WEMIX, the native coin of the Wemix3.0, should rise as well. That, in return, will expand the WEMIX3.0 ecosystem, and it will increase the volume of trade using WEMIX$.
To secure this positive cycle, a portion of every fee generated by WEMIX$ trades and WEMIX$-based trades will be allocated to the WEMIX holder community. Specifically, the WEMIX team plans to create a staking program and continue to distribute a certain portion of the WEMIX$ fees created in the WEMIX3.0 ecosystem to the staking program.
The third requirement he mentioned is scalability. For the ecosystem to grow, the total volume of its stablecoin must grow accordingly. In other words, the size of the ecosystem’s economy could be limited by its stablecoin’s trading volume.
To tackle this and peg problem, the WEMIX team devised its DIOS protocol for issuing and burning stablecoins. When high demand for WEMIX$ raises its price over 1 USDC, DIOS will issue additional WEMIX$ and swap with USDC to pull the price back to $1. Since the WEMIX$ price was higher than $1, there will be a surplus of USDC, which will be put in reserve, and additional WEMIX$ will be issued to keep the WEMIX/USDC ratio at 1:1. This newly issued WEMIX$ will go to the aforementioned staking program. This process also expands the total volume of WEMIX$ and USDC reserves.
If the price goes below $1, the DIOS protocol will be activated and take USDC from the reserve and buy WEMIX$ on decentralized exchanges. The protocol will burn the WEMIX to pull up its value. Then, the surplus of USDC will be put back into the reserve again, and additional WEMIX$ will be issued to match the 1:1 ratio.
“In order for the digital blockchain economy to operate and become successful, stablecoins are essential, and three requirements are needed to create a successful stablecoin, which are stability, stable and native reflexivity and scalability.” He concluded adding, “WEMIX$ will become a new history of stablecoins, and that history will be the cornerstone of the digital blockchain economy.”
London, UK, 18th October, 2022, Chainwire
Today, Kora, the app which pays users to reduce their carbon footprint, announced an investment from the Tezos Foundation as well as their use of the energy-efficient Tezos blockchain to power their app.
The Kora app rewards climate-positive actions and helps individuals, companies, and organizations measure and reduce their carbon footprint. Users earn Koras for actions that reduce their carbon footprint such as biking, switching to renewable energies, or taking public transportation.
Tezos, an energy-efficient open source blockchain network powered by a globally decentralised network of users and validators, will provide data and payment security for the Kora app.
In commenting on the reasons behind its selection of Tezos, Kora CEO & Co-Founder Gilad Regev comments, “Kora is becoming the most accurate real-time platform for measuring and validating behavior change. Ensuring that our users’ data and payment information is safe and secure has been a critical milestone in developing our platform.
Furthermore, the low-carbon Tezos blockchain enables secure validation of climate action. As a pioneer of the Proof-of-Stake blockchain revolution, and with one of the lowest carbon footprints in the industry with an annual footprint equal to that of 17 persons, Tezos was the obvious blockchain of choice for Kora.”
Gilad continues, “The support from the Tezos Foundation of Kora is a pivotal moment in the growth of Kora, one which will help propel it as both an app- and a movement- to new heights and we look forward to working with Tezos in this exciting chapter of our development. ”
Companies and builders around the globe leverage Tezos for projects exploring the potential for blockchain to be a tool for sustainable innovation. Recently, Cambridge University announced that the Cambridge Centre for Carbon Credits (4C) is building a trusted decentralised marketplace on Tezos that links corporate funders to conservationists via automated and transparent global oracles. Using this marketplace, purchasers of carbon credits will be able to confidently and directly fund trusted nature-based projects.
As part of its partnership, Kora joins the Cambridge Centre for Carbon Credits (4C) as another leading carbon reduction initiative building on the Tezos blockchain.
Learn more about Kora at Kora.app
Explore Tezos at Tezos.com
About Kora:
Kora exists to stop climate change. With a goal to reduce 2.5-3.5 gigatons of carbon emissions annually, Kora works by rewarding the reduction of C02. Koras are earned for every 100 grams of CO2 users reduce. The in-app Kora wallet allows users to keep track of their Kora earnings and send and accept payments from other Kora users or partners and participating businesses, and trade redeem the koras in the low carbon focused Kora marketplace.
About Tezos:
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com.
About Tezos Foundation:
The Tezos Foundation is a Swiss non-profit foundation that supports the development and long-term success of the Tezos protocol, an energy efficient blockchain with the ability to evolve by upgrading itself. For more information, please visit www.tezos.foundation.
Contact
Tal Dotan
pr@marketacross.com
Paris, France, 14th October, 2022, Chainwire
Paris Blockchain Week, the leading international conference dedicated to professionals in the blockchain and Web3 space, will be hosted at the Carrousel du LOUVRE in the heart of Paris’ historic palace and largest museum in the world from 20th to 24th March 2023. This 4th edition of the Paris Blockchain Week is Europe’s biggest blockchain event, covering: decentralized finance, NFTs, Web3, and metaverse, with 10,000+ attendees from around the globe, passionate to share, learn, and do business in one of the world’s most iconic places in the French Capital: the LOUVRE.
Key blockchain industry personalities have already committed to speaking at this celebration of all things blockchain. A first glance at our Speaker line-up includes Tim Draper (Founder and Managing Partner of Draper Associates, DFJ and the Draper Venture Network), Denelle Dixon (Chief Executive Officer & Executive Director, Stellar Development Foundation), Nicolas Cary (Co-Founder & Vice Chairman of Blockchain.com), Eva Kaili (Vice President of the European Parliament), Yat Siu (Co-Founder and Executive Chairman, Animoca Brands Founder and CEO, Outblaze), Sébastien Borget (Co-Founder & COO, The Sandbox), Alexandre Dreyfus (CEO, Chiliz & Socios.com), Ira Auerbach (Senior Vice President, Head of Digital Assets, Nasdaq).
During this prestigious week, Paris Blockchain Week will also play host to several fringe events held by the most prominent blockchain brands. The Talent Fair provides a full day of employment opportunities spanning the largest players and latest innovators. By popular request, the Paris Blockchain Week Hackathon is back with brand new challenges and prizes to be won.
Emmanuel Fenet, CEO of Paris Blockchain Week, is anticipating this global crypto and blockchain flagship event with great enthusiasm. “We look forward to bringing an exciting and engaging event to the thousands of attendees who will be joining us again this year. Speakers from the best blockchain, Web3, NFT and metaverse platforms, digital asset companies, and leading VC funds will join the stage and share their insights. With over 400 speakers, we can hardly wait to reveal our full programme and line-up soon, so block your calendar for 20-24 March. See you at the Louvre!”
Sébastien Borget, co-Founder and COO of The Sandbox, commented about the 2023 edition “I can’t think of a more emblematic place than the LOUVRE, an historic landmark of Paris where art collections, paintings, sculptures and others forms of art are assembled, to be home of Paris Blockchain Week 2023 to exhibit how Web3 contributes to innovation in technology, Art, NFTs, Gaming and Metaverse.”
The Paris Blockchain Week March 2023 edition is set to welcome 10,000+ attendees, 400+ speakers, 300+ sponsors, 60% C-level+ executives, 400+ media and journalists. Website: www.parisblockchainweek.com
Contact
Dan
MarketAcross PR
pr@marketacross.com
Kyiv, Ukraine, 13th October, 2022, Chainwire
Primex Finance, the first-ever cross-chain prime brokerage protocol, launches the Primex Beta on the Ethereum Goerli testnet. The Beta version allows users to experiment with the protocol’s cross-DEX spot margin trading. With the Beta launch, Primex also introduces the new Referral Program for early users, offering benefits to early registrants and referral-based rewards.
DeFi holds the potential to financially empower investors and traders in ways that were previously unimaginable in the traditional financial world. Despite that, most of the existing DEXs with margin trading features still use centralized trade execution mechanisms and feature a limited number of assets available for margin trading as derivatives.
Primex decentralizes the trade-execution mechanism to enable a wider variety of actions on DEXs. Instead of centralized order books, all automated trade executions on Primex are carried out by a network of Keepers. Consequently, decentralization can be maintained throughout the entire trading process, from creating an order to closing the position.
The Beta version of Primex’s protocol introduces key features, such as:
- Spot trading without leverage: Primex Traders will now be able to use different types of orders—stop loss, take profit, and limit orders—for non-leveraged spot trades in a decentralized manner, facilitating the trade of cryptocurrency pairs without leverage.
- Primex Splitter: A new mechanism that functions as an aggregation solution that splits up swaps across multiple DEXs and helps users make their trades more efficiently by reducing slippage and finding the best swap rates, without any additional fees.
- Open Position and Order Modification: Introducing the ability for users to modify the deposit, Take Profit/Stop Loss (TP/SL), limit price, and leverage of open orders.
- Partial Position Close: Traders now have the ability to partially close an open position. When a position is partially closed, the returned funds are distributed between the Credit Bucket and the Trader, depending on debt size.
- Spot Orders and Positions Data: Expanded data display to include information about each Trader’s spot orders and positions.
- WalletConnect Integration: In addition to MetaMask, users can now use WalletConnect, widening the variety of crypto wallets connected to Primex.
- New DEX Integrations: Primex Beta supports two new DEXs (Curve and Balancer), as well as Uniswap v3 pools with different fees.
- Bucket Reserves: A new mechanism that automatically moves part of the traders’ fees to the Reserve Pool of each Credit Bucket to insure them against potential losses.
- Multi-Language Support: The Primex platform is now available in seven more languages to provide access to a more localized and user-friendly experience.
In addition to the new mechanisms introduced with Primex Beta, the Referral Program offers rewards in exchange for inviting new users to the platform. Connections and referral contributions are automatically tracked utilizing smart contracts to store the data transparently on-chain. Furthermore, the Early User Program grants participation in private challenges for a chance to earn exclusive prizes and access to the Primex private Discord channels. Ultimately, early users can also participate in the Ambassador Program to earn exclusive ambassador-only rewards.
“We are right on track to fulfilling our mission of defragmenting the DeFi markets via the new prime brokerage protocol that offers users open access to a truly decentralized spot margin trading experience across numerous DEXs and blockchains,” says Vlad Kostanda, Co-Founder and CEO of Primex. ”This new upgrade will enhance how the protocol works while bringing our team one step closer to Primex’s mainnet launch.”
About Primex Finance
Ukrainian-led Primex Finance is the cross-chain prime brokerage liquidity protocol for cross-DEX margin trading with trader scoring mechanisms. Lenders will have the flexibility to manage their risks and return by providing liquidity to a variety of risk buckets, subsets of liquidity pools that regulate trader risk strategies. For more information visit https://primex.finance/, or visit the Primex blog.
Contact
CMO
Anton Demenko
PrimexLabs OÜ
info@primex.finance
XT.com, the world’s first social-infused exchange, is thrilled to announce the listing of the BIVE token in its Main Zone. With the new token listing, users can trade BIVE seamlessly on the trading platform of XT.
The BIVE token listing is expected to be open to trade at 08:00 UTC on Oct. 13, 2022. This, in turn, makes it beneficial for both the XT community as well the BIVE users. While the users of XT can trade better with newer tokens being listed, the BIVE community can trade on a global platform with a huge audience. BIVE’s initial decentralized exchange offering sold out in 20 seconds on XT Starter, which is a great sign for Bizverse on XT.
BIVE is the main currency of the Bizverse ecosystem and is a utility token that can be used for several purposes, such as buying, selling or leasing properties in the form of vrMalls and renting or leasing the vrExpo event organization system.
BIVE token staking benefits
The BIVE token runs on BNB Smart Chain and is open to expanding to multichain in the future. The token plays a central role in the Bizverese ecosystem, and in almost all the activities within the ecosystem, the token has its corresponding use cases.
BIVE users also get the privilege of taking part in network governance. The tokenholders and users can participate in the system governance process through voting. They can also delegate the voting rights to another player if they don’t wish to participate directly.
The contactless economy operates the whole trading, exchange, trading and mining business in Bizverse. This is a real economy, letting users bring trading activities in the real world into vrMalls, vrStores and exhibitions. With this new economic model, users can earn extra income by playing, watching, shopping, building and more. All are perfectly integrated into Bizverse, providing a full virtual universe for business operations based on virtual reality and the crypto world.
About Bizverse
Bizverse is a metaverse and digital twin world aiming toward a contactless economy, a project defined by the concept of meta economy, a combination between the metaverse and business worlds, to build a virtual reality environment, a real metaverse for business activities.
With superior 3D and virtual reality 360 technologies, stores, booths, and billboards in the Bizverse world are presented as 3D models combined with VR360, giving users unique VR experiences as well as an objective picture of products. Users can even insert your sales pages and websites into the Bizverse environment or hire advertising billboards in the lobby, thereby reaching potential customers in both real and virtual markets.
Despite the crypto market slump, Bizverse has successfully raised $4.5 million in seed and private rounds by leading venture funds. The project has now reached 300,000 active users on Bizverse Social, 200 million+ posts and 28 million+ comments on social platforms.
Bizverse, along with six other startups that are putting a lot of attention on the metaverse and blockchain, was honored to participate in the fourth accelerator program of Meta’s TTC Labs.
- Website: https://bizverse.io/
- Telegram: https://t.me/bizverseworld
- Twitter: https://twitter.com/BizverseWorld
- Discord: https://discord.com/invite/xUHHBCJx73
About XT.Com
By consistently expanding its ecosystem, XT.com is dedicated to providing users with the most secure, trusted and hassle-free digital asset trading services. Our exchange is built from a desire to give everyone access to digital assets regardless of where you are.
Founded in 2018, XT.com now serves more than 6 million registered users, over 500,000+ monthly active users and 40+ million users in the ecosystem. Covering a rich variety of trading categories together with an NFT aggregated marketplace, our platform strives to cater to its large user base by providing a secure, trusted and intuitive trading experience.
As the world’s first social-infused digital asset trading platform, XT.com also supports social networking platform-based transactions to make our crypto services more accessible to users all over the world. Furthermore, to ensure optimal data integrity and security, we see user security as our top priority at XT.com.
- Website: https://www.xt.com/
- Telegram: https://t.me/XTsupport_EN
- Twitter: https://twitter.com/XTexchange