In a marketplace, it is not abnormal to notice rivalry from different market stakeholders, especially those who have commodities or services up for sale or patronage. That sense of competition is quite healthy for the industry, especially when the competition is a devoid of bitterness and animosity.
As the cryptocurrency market continues to recover from the downturn it witnessed in mid-2022, crypto currencies have been going shoulder-to-shoulder in ensuring they secure enough investor base necessary to stay afloat. It is a matter of fact that cryptocurrency strives in the strength of its community, therefore, the larger the community of a currency, the bigger it gets.
As we look at one of the fiercest rivalries in cryptocurrency – Dogecoin vs Cardano – we will also examine one of the most promising tokens which have gotten people talking and generating buzz around the marketplace. We will also explore the presale meme coin Big Eyes Coin (BIG) and how it is disrupting the crypto scene.
Cardano ‘Carting’ Home Numbers
Cardano (ADA) has seen a bull trend from the start of the year, gaining by 65% and reaching a high of USD 0.39. Additionally, throughout that time, the coin’s market cap increased by about $5 million, staying above the Elon Musk-backed Dogecoin, both in market value and market capitalization.
ADA has resisted moving over USD 0.40, but if it does, there is a significant probability that it will continue to rise and perhaps double in value over the course of the following month. ADA is also supported by fundamentals that could help the coin grow back up to $1.
The recently released Djed stablecoin may potentially enhance the value of ADA because it is expected to raise the token’s worth by enhancing the network’s Total Value Locked measure.
Dogecoin Aims To Topple Cardano With Twitter Payment
The Financial Times reported on Tuesday that Elon Musk is considering adding a payment system to Twitter, which fueled rumors that the business would integrate the alternative currency into his social media platform and send Dogecoin to new heights. Since the news, Dogecoin has been on an upward trajectory.
According to the article, Twitter has begun creating the software required to implement payments on the system and asking for regulatory licenses as part of its effort to develop a new revenue stream for the site.
According to insiders who spoke to the FT, a team at Twitter is also building a vault for securely keeping user data that a payment system would gather.
Big Eyes Coin Within Touching Distance Of USD 22 Million
The community meme token, Big Eyes Coin (BIG) focuses on NFTs. NFTs play a critical role in Big Eyes’ long-term goals. Furthermore, it promises to increase global decentralization and safety. Big Eyes assumes the appearance of an attractive cat. The cat’s behavior has been influenced by its mixed American and Japanese upbringing. By making gifts to charities, this cat hopes to contribute to a safe and healthy ocean.
Building a solid community and making a positive impact on society are both goals of Big Eyes, as it aims to build a strong investor base that will make a significant positive impact in the digital currency industry. Big Eyes Coin has, in the space of time in which it has operated, earned the trust and confidence of investors, due to having a formidable team and a clear set path for market growth and sustainability.
Still, in presale, Big Eyes Coin has generated almost USD 22 million and is set to go live in no distant time. Big Eyes’ achievements are, however, not unconnected to the 200% launch bonus offer which investors have been cashing in on. As a result, investors now earn 3 times their investment when they buy Big Eyes’ tokens. Get your own 200% launch bonus by using the promo code: “LAUNCHBIGEYES200”.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Souel, Korea, 1st February, 2023, Chainwire
- NFT auction on playNomm for a pre-drop event of NFT Korea Festival
- Artwork was sold out at its highest buyout of US$16,000 in 4 minutes
On January 31st, on NFT marketplace playNomm (CEO, Sung-Uk Moon), Equinoz’s, one of Superchief Gallery NFT artists, artwork recorded a sold-out 4 minutes into the auction, through the artist’s all-time high buyout price.
As a second pre-drop edition of the upcoming “NFT Korea Festival” in March, Equinoz’s ‘Cybernetics’ was revealed and started a 7-day auction on January 31st. The auction was supposed to be carried out until February 8th. However, just 4 minutes into the auction, this artwork was bought out by a collector for 40,120 LM, equivalent to US$ 16,937, ending the auction. 
(Equinoz)
Equinoz is a 3D artist who creates delicate and intertwined images between virtual and reality, under the theme of “Visible Future”. He is an active artist selling on many other NFT platform such as Open Sea and Super Rare, and also works in various fields such as games, commercial videos, music, clothing brands, etc
As a pre-event of the NFT Korea Festival, three NFT auction is held on playNomm NFT marketplace. The 1st drop was Shavonne Wong’s ‘Light in the Shadow’ which was sold for 65,800LM, the equivalent of US$26,776. As the 2nd drop, Equinoz’s ‘Cybernetics’, has achieved an early sold-out with a high buy-out price, expectations are growing for the 3rd auction starting on February 16th with the artwork of Davey Perkins. 
(‘Cybernetics’)
The NFT Korea Festival is to be held on March 7th and 8th 2023, at DDP, Seoul. A collaboration with Superchief Gallery NFT, this will be one of the largest gathering of NFT industry and Web 3.0 leaders in Asia. There will be over 120 pieces of NFT artwork from 120 Global and Korean NFT artists on display, renowned Web 3.0 leaders sharing their thoughts and views, and many more exciting events at this NFT festival.
The NFT marketplace 2.0 playNomm is the first service platform of LeisureMetaverse project. It is evaluated as having unique tokenomics, based on an Act To Earn (A2E) reward model, and combining the utilities that can be used in real life.
“We have experienced a lot of interest and sold out for our 1st and 2nd limited pre-drop, even in this crypto winter. We could tell that users are still very interested in NFTs. So, starting with the NFT Korea Festival at DDP in March, playNomm will make a step in expanding the NFT ecosystem and becoming the global NFT Hub.”, said Moon Seong-eok, CEO of Playnom.
For more information, visit:
Contact
Media team
playNomm Inc.
contact@playnomm.com
South Bend, Indiana, 31st January, 2023, Chainwire
Leading enterprise blockchain solutions provider SIMBA Chain announces it has been selected for a $30M STRATFI with the U.S. Air Force (USAF), following up on multiple projects the company has completed for the military branch in recent years.
The USAF STRATFI is focused on identifying and advancing technologies that have the potential to secure its future dominance. The $30M investment reflects a significant budget increase compared to previous blockchain initiatives, and will focus on the development and deployment of blockchain applications in supply chain management. These programs are designed to be used by the Office of the Undersecretary of Defense for Research & Engineering, the USAF, U.S. Navy, U.S. Army, and the Defense Logistics Agency.
Commenting on the new partnership, Stacy Betlej-Amodeo, Vice President of Government Operations at SIMBA Chain, elaborates “Our new project for the USAF will pave the way to more efficient and comprehensive management of assets within the Department of Defense supply chain. SIMBA is thrilled to build upon our existing partnership with the DoD to scale blockchain technology across the enterprise.”
Previously, SIMBA Chain has developed various blockchain applications to improve crucial USAF activities, including the tokenization of the organization’s budget to enhance accounting, as well as the tracking of critical components vital to the air service branch. The STRATFI will significantly accelerate development of the SIMBA Blocks platform while delivering in-transit visibility that supports the USAF strategic mission.
“Through STRATFI our Government partners are sending a strong demand signal for blockchain technology. Given the interconnectedness of the DoD supply chain, it also signals an opportunity to collaborate and increase adoption within the commercial industry,” says Bryan Ritchie, CEO of SIMBA Chain, of the opportunity.
About SIMBA Chain
Incubated at the University of Notre Dame in 2017, SIMBA Chain (short for Simple Blockchain Applications) is a fully integrated development platform that government agencies use to bridge and connect to Web3. SIMBA Blocks is at the core of this offering, abstracting the complexities of blockchain development to make Web3 accessible to all.
SIMBA Blocks is a fully integrated platform that addresses governments’ unique challenges when implementing blockchain-based solutions. From resilient information sharing and rapid decision-making to military supply chains, SIMBA’s exceptional network performance and robust security features safeguard government data systems.
The robust platform delivers a low-configuration environment that auto-generates REST APIs capable of connecting to smart contracts on multiple blockchain protocols. With the ability to choose and migrate between public, private, and hybrid chains, governments can optimize their blockchain applications while future-proofing Web3 investments. Most importantly, as a government-proven platform, SIMBA Blocks ensures blockchain-based applications interact seamlessly with legacy systems across public and private domains. Visit simbachain.com to learn more.
Contact
PR Manager
Simon Moser
simon@polygrowth-pr.com
Abu Dhabi, Abu Dhabi, 31st January, 2023, Chainwire
Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry.
Venom Ventures Fund has committed a $5 million investment in Everscale to help it further expand its development teams and boost the number of projects. The investment will be in stages, based on the progress and cooperation indicators.
Everscale has been diligently working on expanding its reach and integrating its technology solutions in Asian countries over the past two years, while also building a strong community. Its dynamic sharding technology enables it to efficiently adapt to varying workloads, thus making it an easy and practical option for creating large-scale Web3 and other types of applications.
The Venom Ventures Fund was launched by Iceberg Capital Limited in partnership with Venom Foundation, the first officially licensed and regulated Layer-1 blockchain operating within the Abu Dhabi Global Market (ADGM).
Venom Ventures Fund Chairman Peter Knez, ex-CIO of BlackRock, said, “For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.”
Venom and Everscale teams will be working together on the further development of the core and the ecosystem bringing the adoption of blockchain closer to real business use cases. Current initiatives such as digital asset tokenization platforms, a full framework for CBDCs and stablecoins and payment solutions with crypto to fiat gateways are already making good headway.
Commenting on the investment, Everscale Foundation Board Member Moon Young Lee said, “This is a milestone for both the Everscale and Venom networks. The technological capabilities of Everscale are immense but they have been underappreciated by a wider audience. Now, Everscale will be able to operate as an experimental network where updates and complex technical solutions can be introduced before they are brought to Venom. This investment will allow Everscale to gain the recognition that it deserves.”
Designed as a network of blockchains, Venom has no limit to the number of other auxiliary networks at the Layer 2 level and no limit to the economy type or operation at the Layer 2. This particular architecture means that mass adoption is now achievable on the Venom blockchain.
About Everscale
Powered by an infinite sharding mechanism, the Everscale network adapts to any workload it is tasked with, without the size of the load affecting transaction times or processing fees. This makes it the ideal blockchain for hosting high-scale web3 and other load-intensive projects. Over the past two years, Everscale has emerged as one of the leading blockchains in Asia, with a thriving community and robust ecosystem of DeFi platforms.
More About the Everscale network:
Website | Twitter | Whitepaper | Github | Telegram Ann | Telegram | Discord
About Iceberg Capital
ICEBERG Capital Limited is regulated by FSRA as a Prudential Category 3C investment manager based in ADGM. ICEBERG capital is a fast-growing alternative asset management company that provides diversified investment management platforms that includes direct and private equity, venture capital, technology, and virtual assets. ICEBERG capital also offers traditional asset management services such as investment portfolios as well as specialized platforms for securities, and blockchain technology.
For media inquiries, please contact: Abdullah Al Weshah, abdullah@icebergcapital.ae
For more information about Iceberg Capital, visit: Website | LinkedIn
About Venom Foundation
Venom is the world’s first regulated blockchain. The decentralized network operates under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.
A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.
For media inquiries, please contact: Adam Newton, pr@venom.ventures
For more information about Venom Ventures, visit: Website | Twitter
For more information about Venom Foundation, visit: Website | Twitter
Contact
Adam Newton
pr@venom.ventures
New York, United States, 31st January, 2023, Chainwire
BNB Chain decentralized exchange Biswap has published its 2023 roadmap which includes a number of proposed improvements and upgrades. It includes details of a new AMM, route optimization, and perpetual trading.
Take a look at the main Biswap benefits: https://biswap.org/.
A new AMM protocol with concentrated liquidity will allow Liquidity Providers to accumulate their capital to smaller price intervals than from 0 to infinity, increasing capital use efficiency and providing users with more profitable exchange conditions with less slippage.
Improved routing to find the best trading pairs will allow users to execute larger transactions with less slippage and increase capital efficiency, as well as receive greater rewards from trading fees for Liquidity Providers.
To reduce pressure on the price of the native Biswap token and provide opportunities for more earnings for long-term BSW token holders, the Biswap team has developed several initiatives. In the future, they will be explained and put forward to BSW holders for voting.
Evolving market trends have also prompted the Biswap team to implement decentralized futures trading (with an on-chain order book on the BNB network). To implement this idea in a safe manner, the team has decided to connect a ready-made solution from ApolloX at this stage of product development.
As part of the Biswap ecosystem expansion, there are plans to create a widget that will increase trading with Biswap Liquidity and make it more convenient for users to exchange tokens. This will be available for implementation on third-party products.
Biswap’s progressive DEX on BNB Chain features a Multi-type Referral Program and low trading fees of 0.1%. The platform provides various services with cryptocurrencies, such as Exchange, Farming, and Staking. Moreover, the project has its native BEP-20 token, BSW, which allows users to join the most popular features on the platform. The primary BSW function is to incentivize liquidity provision to the Biswap platform.
High LP rewards allow Liquidity Providers to get 0.15% back from token swap transactions. Also, Liquidity Providers can stake LP tokens on farms to earn BSW tokens with competitive APYs. Up to 50% trade fee reimbursement returns users the transaction fee when they exchange tokens. The system automatically gives back the fee in the form of BSW tokens. Explore Biswap NOW
About Biswap
Biswap is the progressive DEX platform on the BNB Chain network with a Multi-type Referral Program and the lowest trade fee of 0.1%. The platform provides various services with cryptocurrencies, such as Exchange, Farming, Staking and others.
Contact
Marketing Biswap
Biswap
marketing@biswap.org
Tel Aviv, Israel, 31st January, 2023, Chainwire
Addressable, an innovative end-to-end solution for Web3 marketing, announced today that it secured $7.5 million in a seed funding round, led by Viola Ventures and Fabric Ventures, with participation from Mensch Capital Partners and North Island Ventures. The funding will be used to accelerate adoption and expansion of Addressable’s best-in-class solution, including support for additional blockchains and social media integrations.
“Marketing is all about knowing your audience, but since crypto wallets are anonymized by design, Web3 marketers rarely know their audience’s age, country or purchasing history,” says Dr. Asaf Nadler, co-founder and chief scientist at Addressable. “In the face of anonymity, our solution allows Web3 marketers to associate anonymous blockchain audiences with social media activity, ultimately addressing the most significant barrier to Web3 growth today.”
Addressable’s SaaS solution provides Web3 marketing teams with a powerful platform to launch campaigns and more effectively target new audiences by matching blockchain activity with social profiles. This precise targeting reduces cost-of-acquisition dramatically compared to the broad targeting of existing web2 tools. Leading Web3 companies like Polygon, Bancor, Immutable, and Kryptomon are already using Addressable’s technology to acquire new users in an era when traditional Web2 marketing campaigns are no longer effective.
“In the Web3 era, the key barrier to growth is the inability of marketers to deliver their messages to their targeted audiences, simply because they don’t know much about them”, says Leon Stern, director of growth at Polygon – an Addressable customer. “Most users aren’t attentive on Discord – they’re on social media, and you need to effectively get their attention there. This is where the value of Addressable lies.”
Addressable was founded by Tomer Sharoni, Tomer Shlomo and Dr. Asaf Nadler, data analytics veterans with more than 20 publications on blockchain, machine learning and big data.
“We are witnessing an increasing number of Web3 companies investing in meaningful and sustainable user growth through social media, where almost all users spend their time,” says Tomer Sharoni, Addressable’s CEO. “Our unique ability to pinpoint Web3 audiences on social media is the missing piece for mass adoption of Web3. In today’s blockchain ecosystem, we’re the only Web3 marketing SaaS platform addressing user acquisition at scale.”
“Effective user acquisition became the major concern for Web3 businesses over the turbulent past year”, said Richard Muirhead, Chairman and Managing Partner at Fabric Ventures. “Addressable’s Web3 marketing platform combines a compelling go-to-market opportunity for any web3 business with a user-centric approach for which this sector craves. We are excited to take part in Addressable’s journey and to welcome them into the Fabric family”.
“Addressable is solving a huge problem for web2 and Web3 companies that want to understand their Web3 audiences”, says Omry Ben David, General Partner at Viola Ventures. “Its platform enables marketers to connect the dots between on-chain blockchain data with off-chain social media accounts and use precision targeting for a crisper value proposition and thus superior ROI and conversion. Coupled with an A-class founding team, we believe Addressable is best positioned to lead the marketing stack category in web3”.
About Addressable
Addressable is an innovative end-to-end Web3 marketing solution. The company’s best-in-class SaaS platform provides Web3 marketing teams with a powerful platform to effectively target new audiences by matching blockchain activity with social profiles. Addressable is a trusted partner of leading Web3 companies including Polygon, Bancor, Immutable, and Kryptomon. Founded by data analytics veterans Tomer Sharoni, Tomer Shlomo and Dr. Asaf Nadler, Addressable has raised $7.5 million in a seed funding round led by Viola Ventures and Fabric Ventures.
Contact
Co-Founder
Asaf Nadler
Addressable
anadler@addressable.io
Singapore, Singapore, 31st January, 2023, Chainwire
Datamall Chain (DMC) DMC Foundation announced today that it has formed a strategic partnership with AlephCrypto.xyz. DMC Foundation and AlephCrypto.xyz will cooperate in many aspects, including blockchain technology development and distributed storage.
Both parties will cooperate and support the development of quality projects in the blockchain industry, the Ethereum community, the DMC ecology, and the DMC community. The cooperation will accelerate innovation in the blockchain industry overall and significantly enhance the progress of Web3 technology worldwide.
“We’re very excited to have AlephCrypto.xyz as a strategic partner,” said Victor Chen, DMC Foundation Chair. “Both DMC Foundation and Aleph Crypto are firm believers in the potential and promise of Web3. Having Aleph Crypto as a strategic partner adds significant technical credibility and momentum to the DMC ecosystem.”
“It is our great honor to be one of the very first DMC Foundation strategic partners,” said Zainan Zhou, co-initiator of AlephCrypto.xyz and one of the key contributors of Ethereum open standard procedure Ethereum Improvement Proposals such as authoring the ERC-1202 Voting Standard. AlephCrypto.xyz also features a network of renowned technical advisors from the Ethereum developer community such as NFT (ERC-721) first author William Entriken to provide technical advisory and open standard review for its partners from an Ethereum compatibility point of view. “In order for Web3 to be successful, decentralized storage needs a highly efficient and fully decentralized marketplace. When we saw DMC’s technical architecture, we were super excited about the potential that it provides a much better solution for decentralized users than many of the existing options. We can’t wait to provide as much help and support as we can to DMC Foundation’s vision for Web3 and the blockchain industry, and we look forward to our ongoing collaboration.”
About DMC Foundation
DMC Foundation was founded in Singapore in 2020. With the technical R&D team from Silicon Valley, DMC Foundation has developed Datamall Chain (DMC), an open-source public blockchain. Datamall Chain is based on the Cyber File System (CYFS), an open-source, next-generation protocol that enables development of completely decentralized applications.
Datamall Chain is a decentralized storage marketplace that provides users with secure, efficient, and authenticated decentralized storage services. DMC aims to promote the development of next-generation Internet infrastructure and blockchain technology, focusing on building the underlying storage architecture in Web3. DMC adopts a unique Proof of Storage Service (PoSS) consensus mechanism to incentivize nodes to improve their own storage capacity and ensure DMC is a high-performance public chain.
The DMC ecosystem consists of three layers: the storage transaction layer, which matches decentralized storage supply with decentralized storage demand; the storage service layer, which helps enforce storage deals; and the storage application layer, which consists of applications that use decentralized storage. One of the first applications on DMC is Foggie, the world’s first all-in-one Web3 virtual appliance from Fog Works. With Foggie, users can obtain additional storage capacity via DMC, or they can share idle storage on DMC capacity and earn crypto rewards.
For more details, please visit the DMC official Twitter and DMC official website.
About AlephCrypto.xyz
Aleph Crypto is a series of initiatives rooted in Silicon Valley. It is initiated by Zainan Zhou (author of ERC-1202 Voting Standard) and co-founded by several seasoned investors and entrepreneurs of Web1 and Web2 Internet. AlephCrypto.xyz focuses and services three areas of interest: Blockchain Infrastructure Layer, “Blockchain+” of Traditional Web, and New Applications Exclusively Enabled by Blockchains.
In May 2022, a key contributor to the Ethereum ecosystem, lead author of NFT (ERC-721), William Entriken, also joins AlephCrypto.xyz as its Technical Advisor.
The founders of AlephCrypto.xyz deeply believe Web3 will advance humanity by improving the collaborations of people through communities. AlephCrypto.xyz champions the spirit of community by establishing its own, including Builder Club, Investor Network, and Media Hub, to support and service everyone who is interested in building Web3 in all the ways we can. The Aleph Crypto also features an early-stage investment fund for angel and seed rounds.
Contact
DMC Press Inquiries
DMC Foundation
support@dmctech.io
Dubai, UAE, 26th January, 2023, Chainwire
Flare is pleased to announce an official partnership with blockchain security specialist, FYEO. The firm will perform ongoing security audits of Flare’s codebases, providing actionable feedback to support safer smart contract development and help to minimize risk for all users of the network.
Rigorous professional auditing and testing are an important part of Flare’s blockchain security strategy. Alongside stringent internal testing measures, ongoing code audits help to establish a level of security assurance to application developers and users on the network.
Flare Co-Founder & CEO Hugo Philion said, “We are building our protocols with auditor reviews initiated from close to day one. We believe this guarantees a safer outcome than an auditor reviewing an entire code base at the end of development.”
In addition to continuous auditing from partners including FYEO, Flare also employs rigorous testing with testnets and a Canary network called Songbird. The Canary network is a live but more experimental version of Flare (similar to Kusama’s relationship to Polkadot) where Flare can test their protocols. The network advises application developers and builders to do the same.
Flare recognizes that risk minimization from both an auditing and testnet perspective is crucial to building reputational trust amongst users.
In the words of Flare Co-Founder, Hugo Philion, “Our game as an organization within the industry is to mitigate the risk in blockchain such that people feel comfortable to use it. As a result of that, the usage can increase substantially”.
Tammy Kahn, Co-CEO of FYEO, said, “FYEO could not be more aligned with this vision for supporting adoption through user risk minimization, and look forward to our continuous work with Flare as it expands its presence as a leader of decentralized innovation.”
About Flare
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other chains and the internet. By providing decentralized access to high-integrity data, Flare enables new use cases and monetisation models.
Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with smart contracts on Flare.
The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare, without relying on centralized providers.
Build on Flare with more data than ever before or build with Flare to serve multiple ecosystems.
About FYEO
FYEO is focused on solving the growing problem of cyber crime in Web3. FYEO’s code audit team is composed of some of the best DeFi logic experts in the world having worked on 100s of projects and protocols such as Solana, Ethereum, Cardano, ICON, Hyperlane, Sommelier Finance, and more. Its flagship product, FYEO Domain Intelligence, which provides real-time threat monitoring and intelligence for organizations, was developed to provide unparalleled security and address present-day security issues impacting both organizations and individuals. Today, the FYEO team continues its work to identify and evolve its products to solve the biggest security problems facing Web3 ecosystems.
Contact
Dan Horowitz
PR@Marketacross.com
Miami, Florida, 24th January, 2023, Chainwire
Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo.
Founded in 2013, Genesis Coin’s technology powers approximately 35% of global Bitcoin ATM transactions. Barnard and Carrillo, who also founded Bitstop, built the first and largest private-label Bitcoin ATM platform based in Miami, FL with over 2,500+ Bitcoin ATMs worldwide. Genesis Coin and Bitstop represent over 75+ operators operating 12,000+ Bitcoin ATMs in the United States and international markets powering billions of dollars in annual sales volume.
As part of the acquisition, Andrew Barnard will become Chief Executive Officer and Doug Carrillo will become Chief Strategy Officer and both will join the Board of Directors of Genesis Coin. Evan Rose, Genesis Coin’s founder, will stay on as a technical advisor and remain a member of the company’s Board of Directors. The Genesis Coin headquarters will move to Miami, Florida.
“Genesis Coin gave birth to the Bitcoin ATM industry,” said Barnard. “It’s the first and largest Bitcoin ATM software platform in The World. Evan built a platform trusted by some of the largest Bitcoin ATM operators in our industry, both domestically and internationally, including the Chivo network in partnership with the Government of El Salvador.
Our industry is now rapidly changing and Genesis Coin will lead the way into the future. Accomplishing this requires a solid team of world-class visionaries and developers. At Bitstop, we built an incredible software team and platform which has partnered with some of the largest companies both private and publicly traded from the traditional ATM industry. We plan to bring our background and expertise in building the best technology and team in the Bitcoin ATM industry to Genesis Coin. We believe this is a win-win for all stakeholders,” furthered Barnard.
“Andrew, Doug, and I have been friends for a long time and have also been friendly competitors,” commented Rose. “They have a reputation for their innovative and creative thinking. In addition, they have been successful in establishing key relationships in the Bitcoin space and their technical expertise and knowledge of Bitcoin is very impressive. In turn, this has allowed them to attract and retain top-tier talent and build great products. This transaction represents the coming together of the two leading software platforms in the industry and creates value for both companies’ stakeholders. It combines the best product, engineering, and leadership teams in the space. I’m thrilled to work alongside them and look forward to introducing very exciting new products and services we have planned for this year,” commented Rose.
Barnard, Carrillo and Rose stressed the importance of continuing to provide stability to both platforms and continuing to service the needs of operators on both platforms. For the time being, both the Genesis Coin and Bitstop platforms will continue to run independently while exploring technical synergies. Genesis Coin has already made several key hires to its development team with a core focus on product development.
“This acquisition represents the most significant event in the Bitcoin ATM industry to date,” said Carrillo. “Our commitment is to provide Genesis Coin with the proper resources it needs to pave the way for continued growth and innovation. We truly believe that this new combination of the best minds in our space will be the catalyst for the Bitcoin ATM industry evolving into its next phase. We are hyper-focused on building the best software for Bitcoin ATMs in the world. Today, the most sophisticated operators in our industry rely on Genesis Coin and Bitstop technology to power their businesses. As a result, we have become ‘The Standard’ in the Bitcoin ATM space where virtually all industry organic M&A activity today is occurring on the Genesis Coin and Bitstop networks.” concluded Carrillo.
“Leverage dominated the entire cryptocurrency space over the last two years. Many other platforms in our industry couldn’t resist the siren song,” said Barnard. “This is a capital-intensive industry where you do not want to be in a lot of debt. Genesis Coin is financially secure with a strong balance sheet, no debt, and strong cash flow. The company does not have external investors. The result of this is that operators can build their future on the Genesis Coin platform with confidence. In a volatile industry, we are a beacon of stability. We are bullish on the potential of this industry. We see significant market growth from here over the next 10 years. We believe we are in the best position in the industry to unite the very best operators and support their growth. Our goal is to listen to our operators and deliver the very best products and features to them so they can deliver maximum value to their customers at scale,” concluded Barnard.
About Genesis Coin
Genesis Coin is the first and largest white-label Bitcoin ATM network worldwide. We are the premier provider of autonomous vending solutions for bitcoin. Genesis Coin’s proprietary managed infrastructure software solution has propelled it to become the largest provider of Bitcoin ATMs and software facilitating self-service buying and selling billions of dollars in cryptocurrencies across the world annually. Genesis Coin’s software provides customers with a reliable, tailored operating platform. Genesis Coin delivers its software by selling BTMs to third-party operators who provide opportunities for businesses looking to diversify their revenue and drive foot traffic to their locations. Our machines make bitcoin simple for everyone. www.bitcoinatm.com
Contact
CEO
Andrew Barnard
Genesis Coin Inc
media@bitcoinatm.com
Geneva, Switzerland, 24th January, 2023, Chainwire
TRON-based cryptocurrency may soon be officially adopted as legal tender by the government of the eastern Caribbean island of St. Maarten.
Member of Parliament (MP) Rolando Brison has been outspoken for some time now about the benefits of blockchain technology and cryptocurrency for the people and the economy of his homeland. Today, he initiated the proposal of a law to designate TRON as the country’s blockchain infrastructure and TRON-based cryptocurrency as legal tender for everyday usage.
H.E. Justin Sun, founder of TRON, tweeted about the milestone:
“Another milestone for #TRON! St Maarten to adopt TRON as legal tender marks another achievement for our push [toward] worldwide blockchain adoption.”
Early last year, on March 19, 2022, Bitcoin.com News featured MP Rolando Brison, the leader of the United People’s Party and 2nd Vice Chairman of St. Maarten’s Parliament, when he announced “he’s become the first elected official to request his entire salary paid in bitcoin cash.” Brison has long believed and advocated for St. Maarten to become the “Crypto Capital of the Caribbean” by pioneering the integration of blockchain technology and cryptocurrency solutions.
The St. Martin News Network (SMNN) today highlighted MP Brison’s declaration to advance a law that would officially make TRON and TRON-based cryptocurrency part of St. Maarten’s local commerce and economic infrastructure. SMNN noted MP Brison’s intention not to “re-invent the wheel,” but rather to follow the example of St. Maarten’s southern neighbor Dominica.
In October 2022, the Commonwealth of Dominica officially announced TRON as its national blockchain, following the passage of the Virtual Asset Business Legislation in May 2022, which the Eastern Caribbean Central Bank assisted in drafting. Dominica also at that time adopted seven TRON-based cryptocurrencies as legal tender. Brison is now working to translate “the law in a manner that fits our Dutch legal system and local economy,” SMNN reported.
According to their website, “The Eastern Caribbean Central Bank (ECCB) was established in October 1983. It is the Monetary Authority for a group of eight island economies namely Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St Kitts and Nevis, Saint Lucia, and St Vincent and the Grenadines.” St. Maarten, one of four countries of the Kingdom of the Netherlands, is also a member. The ECCB monetary union has a total Gross Domestic Product of nearly $10 billion USD.
“The ECCB legislation is a great framework for regulation that focuses on protecting the consumer, the economy, and ensuring that virtual asset oversight does not spiral out of control, without stagnating potential growth opportunities for the sector,” Brison said. Crypto is currently unregulated by the Central Bank of Curacao and St. Maarten. “Allowing cryptocurrency to continue totally unregulated in St. Maarten is extremely risky, and we have to be proactive. Hence I use my right of initiative to bring this law with TRON Protocol at the forefront, with possibilities later for other blockchains to be incorporated; this too can be done in line with other countries like St. Kitts, who I know are also working on their own legal tender legislation,” stated Brison, as quoted by the SMNN.
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. The TRON ecosystem is striving to make decentralized financial solutions and stable currency accessible to every human on the planet. Brison feels that collaboration with TRON will connect St. Maarten’s economy with the fastest-growing DeFi ecosystem in the world, thus increasing the island’s attractiveness both for innovative entrepreneurs as well as international tourists.
Brison will formally engage St. Maarten’s legislative process in the coming weeks, in accordance with the constitutional right MPs have to initiate laws, with the hope that official adoption will soon follow.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of January 2023, it has over 138 million total user accounts on the blockchain, more than 4.7 billion total transactions, and over $11.0 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.
TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
Contact
Hayward Wong
press@tron.network