Singapore, Singapore, 27th September, 2022, Chainwire
Magic Square announced today that it has secured funding from Huobi Ventures for its first-of-its-kind Web3 App Store solution. By partnering with Huobi Ventures, Magic Square will be able to continue to develop its platform, accelerate the adoption of its technology, scale up user acquisition, and expand global reach.
Huobi Ventures is a strategic investment arm of Huobi with a strong focus on supporting blockchain projects. Magic Square is excited to further expand its magic suite of blockchain-enabled applications with the full-on support and resources offered by Huobi Ventures.
Prior to the conclusion of Huobi Ventures’ strategic investments, Magic Square launched its Magic Store in a closed beta version with over 200,000 registrants signing up for the beta experience. Magic Square is now processing hundreds of applications from a vast range of projects to be community-validated and listed on the Magic Store.
“Magic Square is doing something innovative and disruptive in the web3 world. It’s building the Crypto supermarket that brings projects and users together. Projects in it can gain more market attention and users can easily enjoy the crypto dapp world. It’s a great honor for us to collaborate with Magic Square and Huobi Ventures will continue to support Magic Square on its way to becoming a phenomenal product.” commented Juliet Tang, Investment Manager of Huobi Ventures.
“This is a significant milestone for Magic Square by several industry leaders joining forces with us. The investment from Huobi Ventures along with our seed round investors including Binance Labs, Republic Capital, and more, will help us unlock the unlimited potential of our Magic Store and other products and services to pave the way for mass adoption of crypto,” said Andrey, Co-Funder & CEO of Magic Square.
Magic Square envisions a world for everyone to enter the Web3 world through MagicID and access all crypto apps in one single platform. Meanwhile, Magic Square offers blockchain projects a resourceful yet focused affiliate marketing program and platform to accelerate user growth and amplify the results of marketing efforts.
About Magic Square
Magic Square is a web App Store that simplifies Crypto. Users can discover dApps, CeFi and DeFi, NFTs, Games, and much more in one place with an intuitive design.
The Magic Store is a Web3 solution where the community vets, ranks, and prioritizes the apps via a DAO mechanism, with clear earning metrics to incentivize the participation of validators, creators, and users.
Users can access all of the community vetted content with one click using the MagicID (Decentralized ID). This multi-chain wallet solution aims to become the Web3 alternative to Google or Apple connect.
Contact
- Vanessa Tang
- Magic Square
- partners@magicsquare.io
Denver, Co, 26th September, 2022, Chainwire
DeSo, a new blockchain-backed by Coinbase, Sequoia, and Andreessen Horowitz, has announced its integration with MetaMask. As a result, millions of Ethereum users can now enjoy one-click access to encrypted on-chain messaging and a full Twitter-like feature set.
DeSo’s integration with the leading web3 wallet effectively turns MetaMask into a full-fledged decentralized social network. It also paves the way for DeSo to become the cross-chain social layer for all web3.
DeSo Founder Nader Al-Naji said: “Existing blockchains cannot store content efficiently. It costs about $50 to store a 200-character Tweet on Ethereum and about fifteen cents to store it on Solana, Avalanche, or Polygon. In contrast, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like social.”
MetaMask users will gain access to gas-less profile creation, posting, following of other users, a fully decentralized on-chain follow graph, and much more. Thanks to the integration, a MetaMask user on Compound could send an encrypted message to someone currently on Uniswap and that user would receive the message via DeSo.
Similarly, a user on OpenSea could leave a comment on an NFT and have it appear on other platforms where that NFT is listed like Rarible or SupeRare. This system works even if one user is on Polygon network and the other is on Ethereum.
Social media today is controlled by a handful of private corporations – but that could change as wallets like MetaMask expand from handling just money to social identity and social interactions. Having gained a presence in the Ethereum ecosystem, DeSo plans to expand to Solana next by integrating with Phantom wallet.
About Deso
DeSo is the the only layer-1 blockchain designed to build and scale decentralized social media apps to 1 billion users. Notable DeSo holders include Sequoia, Coinbase Ventures, a16z, Winklevoss Capital, and Alex Ohanian.
Learn more and claim your DeSo username: https://www.deso.com/
Contact
Growth Marketing Lead
- Ash
- DeSo Foundation
- ash@deso.org
Tokyo, Japan, 26th September, 2022, Chainwire
CROOZ, Inc. (Listed on Tokyo Stock Exchange Standard Market; Head office: Shibuya-Ku, Tokyo; CEO: Koji Obuchi; hereinafter: CROOZ) has announced that the blockchain game known as “PROJECT XENO” under development by CROOZ is going to collaborate with Floyd Mayweather Jr. who is a former professional boxing world champion in five weight classes.
Collaboration with Floyd Mayweather Jr.
As announced earlier, the token that is published by EPOCH FACTORY and used in “PROJECT XENO” is just about to be listed on the Cryptocurrency exchange “MEXC Global” on 3rd of Oct.
“PROJECT XENO” is going to launch the first auction and for this memorial event, the project will collaborate with Floyd Mayweather Jr. The company will hold an NFT auction, including special limited Mayweather characters. Prizes for the participation will also be distributed for winners.
For further information about the collaboration, please visit following URL:
https://project-xeno.com/content/collaboration_mayweather/
For further information about the first auction, please visit following URL: https://project-xeno.com/auction-nft/
Upcoming in-game token listing (“GXE”) on MEXC Global on 3rd of Oct
The token “GXE” published by EPOCH FACTORY which will be used in “PROJECT XENO” a blockchain game is going to be listed on the Cryptocurrency exchange “MEXC Global” on 3rd of Oct. The PROJECT XENO team hopes that this special event will raise awareness to this project, and will continue to expand the community.
MEXC Global is known as a leading exchange of high performance and transaction matching technology. Founded in 2018 and currently caters to more than 6 million users in more than 70 countries around the world., MEXC Global aims to become the go-to platform for new traders and experienced investors as they move forward in their financial journey.
YouTuber “Hikaru” has been appointed as an ambassador
“PROJECT XENO” reached an agreement with The YouTuber “Hikaru”, one of the top and most popular YouTuber in Japan who has more than 4.8 million subscribers to become an ambassador.
This year, which is said to be the first year of Web3, is attracting increasing attention to blockchain and NFTs as the next generation of the World Wide Web. Hikaru, who continues to challenge a lot of new efforts, has been appointed as the ambassador for the project.. XENO will continue to take on new challenges that will create a new wind in the NFT game industry with Hikaru and provide new experiences to everyone.
“I am grateful to be appointed as the ambassador for “PROJECT XENO”, said Hikaru. “As some of you may know, my career as a YouTuber was started from a gaming channel. My starting point will challenge the industry that is attracting attention in the future. I will for sure fully enjoy these challenges! And I hope my viewers on YouTube and all parties related to the “PROJECT XENO” will also enjoy the project!” he adds.
About “PROJECT XENO”
PROJECT XENO is a tactics game with GameFi and e-sports aspects. Players who own NFT characters can acquire tokens and NFTs by playing this game. They can also trade NFTs seamlessly through the in-app wallet and marketplace. Their earnings are securely stored in the “General” in-app account.
For further information, please visit the web site or follow the official Twitter account.
- PROJECT XENO：http://project-xeno.com/
- PROJECT XENO Official Twitter（JP）：https://twitter.com/PROJECTXENO_JP
- PROJECT XENO Official Twitter（ENG）：https://twitter.com/PROJECTXENO_GLB
About CROOZ Blockchain Lab, Inc.
Crooz Blockchain Lab, Inc. is a company that focuses on blockchain technology and game development, and also a consolidated subsidiary of CROOZ, Inc.
About CROOZ, Inc.
https://crooz.co.jp CROOZ, Inc . is an “EC solution company” that develops multiple services related to the EC area, centered on “SHOPLIST.com by CROOZ”. Based on the know-how and achievements cultivated through “SHOPLIST.com by CROOZ”, we aim to become a leading company in the EC solutions field.
Inquiries
PR department, CROOZ, Inc.
Email： crooz_pr@crooz.co.jp
*The impact of this business on the consolidated earnings results of the current fiscal year is minor.
CROOZ, Inc.
Head Office ：Ebisu SS building 1F, 4-3-14 Ebisu, Shibuya-Ku, Tokyo, JAPAN
Established ：May 24th, 2001
Capital ：460.16 million yen（as of the end of March in 2022）
Description ：
-Formulate management strategies for group companies as a pure holding company
-Invest in subsidiaries
-Formulate management targets and support efforts to attain the targets
CROOZ Blockchain Lab, Inc.
Head Office ：Ebisu SS building 1F, 4-3-14 Ebisu, Shibuya-Ku, Tokyo, JAPAN
Established ：September 19th, 2018
Capital ：40 million yen（including capital reserve. as of the end of March in 2022）
Description ：Planning and consulting services in the FINTECH area and NFT game planning and operation services
Contact
- PR Team
- info@croozbl.co.jp
Blockchain data and information service provider OKLink has strengthened its product development this year by releasing a series of upgrades to its product line, including several remarkable changes to its multi-blockchain explorers. These are viewed as critical steps that could help realize its parent entity OKG’s ambition of becoming a Web3 conglomerate.
A highlight of OKLink’s blockchain explorer pre- and post-Ethereum Merge
“We are confident of becoming a hub in the Web3 era as demand for blockchain data has increased substantially along with the constant development of the crypto world,” said Hermione, head of the multichain explorer product team at OKLink.
Hermione’s confidence is not groundless. Not long ago, she and her teammates witnessed a growth of four times in website traffic around the Ethereum Merge on Sept. 15. “We had prepared a countdown page for the Merge pretty early so that our users could always know when it would happen,” added Hermione. As the Merge drew near, the team’s efforts started to get noticed when more and more people began to post screenshots of the page here and there.
Another thing that Hermione felt delighted to talk about was that OKLink was the first to launch a reliable EthereumPoW (ETHW) explorer in the industry and is now the only official provider of blockchain explorer for ETHW, a forked blockchain of Ethereum after the Merge.
User-driven design and globalization: OKLink’s strategy for its multichain explorer development
It was no accident that the market gave positive feedback on OKLink’s products. “We’ve made tangible progress in developing and honing the multichain explorer this year due to our adopted strategy,” explained Hermione. “When the opinions from our users value more in the decision-making process, we’re encouraged to strive to make blockchain data understandable and accessible for a wide and varied audience interested in blockchain and crypto.”
The multichain explorer developed by OKLink incorporates a multitude of different blockchains into one search engine. Users can filter blocks, transactions and content by various criteria over blockchains. It currently supports 18 public blockchains, all of which are of broad concern in the market: Solana, Polygon and Avalanche, to name a few. Moreover, at least eight more explorers for public blockchains, such as Optimism, Arbitrum, Fantom and Aptos, are waiting to roll out.
Besides, the open APIs provided by OKLink’s multichain explorer have granted developers and researchers full access to the data contained on four blockchains. All blockchain explorers will support API access in the future. The API feature may aid numerous analytical queries, such as filtering, sorting and aggregating up-to-the-minute blockchain data. Businesses could also benefit from connectivity and query options that tailor and aggregate meaningful data in many ways to provide the best product for traders, custodians, exchanges and private investors at fast speeds and reliability.
Furthermore, for the convenience of users from around the globe, OKLinks multichain explorer could switch between 12 languages. And also, blockchain data is mostly well visualized in charts or diagrams to match users’ needs for comparing trends across blockchains.
The new normal: Multichain explorer as a vital entrance to the Web3 world
For any crypto market participant, whether a trader, a crypto wallet service provider or a crypto exchange, a blockchain explorer would be a must to understand what is happening on the blockchain in real-time.
There has been a broad consensus that search engines are now the critical Web2 infrastructure. And we are all getting used to finding data or information by “Googling” around. While in the era of Web3, most data would be stored on the blockchain, a ledger that contains all the transactions ever processed. Consequently, finding one particular data entry would be like looking for a needle in a haystack. The easier way to examine and explore on-chain data and information would be to use a blockchain explorer. This would also gradually become Web3 users’ new normal.
With the ongoing development of the blockchain industry and the introduction of new techniques (especially the interoperability between blockchains), a significant trend has formed where the multichain explorer is becoming more and more popular.
Just like dining in an all-you-can-eat restaurant, one may access data and information from various blockchains at the same time through the help of a multi-blockchain explorer. Furthermore, the service provider may add additional functions and features to the explorer, such as in-depth research and analysis of the crypto market.
About OKLink
As OKLink’s parent company, OKG is one of the earliest blockchain companies founded in China. It has now developed into a conglomerate and a leader in the blockchain industry. Established in 2013, OKG has been committed to the research and development and commercialization of blockchain technology. OKLink has been one of OKG’s subsidiaries dedicated to blockchain data and information services since 2018. Visit the website and Twitter for more information.
From 16:00 on Sept. 23 to 15:59 on Sept. 27 (UTC), the cryptocurrency trading platform MEXC will hold the latest event on its launchpad. The event project is Zalmoxis (KOSON), a AAA-level massively multiplayer online role-playing game (MMORPG) game developed by Wenmoon Studios Ltd.
It is known that MEXC’s launchpad is specially launched for MX holders, and MX holders can get the opportunity to participate in the project early. A total of 1 million KOSON will be released in this event, and the price will be 0.1 Tether (USDT). During the event, anyone with MX or USDT holdings of more than 10 USDT can sign up to participate.
The launchpad will still implement the sharing mechanism, and users can share KOSON by registering for this event. The maximum single exchange amount of KOSON is limited to 100,000 MX or 1,000USDT.
According to the introduction, Age Of Zalmoxis is a third-person MMORPG based on the Elrond blockchain built with Unreal Engine 5. The game is set in an ancient fantasy world inspired by European folklore with dungeons and thousands of quests. Players create characters and gain experience through combat, narrative content, events, crafting, dungeons and other means to grow and create a fantasy version of the kingdom of Dacia.
Players can obtain two different types of nonfungible token (NFT) characters for free from the marketplace or from guilds. Players can develop their game characters by gaining combat experience, creating different stories, winning tournaments and many other ways.
The game has two narrative models: adventures and organic content. The adventure narrative guides players to grow and obtain corresponding rewards according to the growth of the character; other players create unique new content through the newly generated content of the game. Players can also build different structures, such as castles, by acquiring a certain number of land plots. These can be used throughout the game or staked to generate tokens that drive the game economy.
In MEXC’s previous launchpads, several projects such as GameFi projects Genopets (GENE), CropBytes (CBX) and decentralized sharing platform Dtravel (TRVL) were launched. They all performed well after their launch on the secondary market.
In addition, according to the MEXC event announcement, KOSON will be launched on the secondary market after this event ends. KOSON’s trading and mining activities, namely the trade-to-earn mechanism, will be launched as well. During the event period, users who trade KOSON will receive KOSON rewards.
About MEXC
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, exchange-traded funds, futures, staking, NFT Index, etc., and serving more than 10 million users worldwide. The core team has a solid background in traditional finance and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia.”
Currently, it supports the trading of more than 1,400 cryptocurrencies and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
Singapore, Singapore, 23rd September, 2022, Chainwire
BinaryX, a GameFi development platform, announced today the launch of CyberChess, one of the first free-to-play, play-and-earn auto chess strategy games in the P2E dominant GameFi space. CyberChess offers people on Web3.0 new entry points into the world of GameFi.
$500,000 worth in BNX Prize Pool and Heroes Giveaway for CyberChess Launch
To celebrate the launch, BinaryX will commence Season 1 of Ranked mode battles, where players will stand a chance to win up to $500,000 USD worth of prizes in the first 8 weeks of launch. Over the same period, BNX airdrops will be announced and given away via Discord and Twitter.
To get a headstart, players can also stand to receive additional 2 heroes and 2 skills when they enter the code ‘4morechess‘ under the settings option in the game menu.
New Free-to-Play, Play-and-Earn Model
As a free-to-play, play-and-earn web3 game, CyberChess differs from most play-to-earn games, and is designed to allow players to start playing the game without having to make an initial investment. When new players connect to the game for the first time, they can summon 5 free heroes and 2 free skills to start participating in matches with other players.
Players can also recharge or make in-game purchases to summon new heroes and acquire new skills. This model lowers the barrier to entry for players new to GameFi and allows players to enjoy the game for its own sake, potentially earning in-game tokens in the process.
Robust and Transparent Tokenomics
As the third game in the Cyber series, CyberChess adds to the utility of BNX as it offers a new avenue for BNX token holders to consume in-game gold.
The gold consumed in CyberChess goes back to funding the development of our games and to support DAO functionalities for community and resource management in the entire ecosystem. BinaryX provides a transparent look into how the funds are being used on their website.
Explosive Battle Modes and Strategy-based Gameplay
As GameFi continues to mature and evolve as an industry, BinaryX plans to accelerate mass adoption of GameFi by making GameFi games more fun and challenging for players. This includes adding more complicated features and difficulty settings for gamers who want a solid strategy-based gaming experience as well as the earning potential of GameFi.
The gameplay for CyberChess pays tribute to the popular auto chess game format in traditional gaming and is designed to elevate the gaming experience for players in GameFi. Players can participate in two battle modes – Ranked and Arena mode.
In Ranked mode, players get to go head to head in a PvP match to accumulate in-game gold. On the other hand, players battle it out with other players to rise to the top of the leaderboard and take away an attractive prize pool of $BNX in Arena mode.
Read the CyberChess Wiki to learn the gameplay
Addition of In-Game Marketplace
CyberChess comes with its very own in-game marketplace where players can list in-game assets such as heroes and skills in exchange for gold. This means that players have more avenues to upgrade or accumulate more gold.
‘BinaryX created CyberChess to stand out amongst games in the play-to-earn genre. It comes with a more complex gameplay, which makes the game more challenging and fun for players who enjoy traditional strategy games. We’re excited for our fans to start playing CyberChess and to immerse into the new world we created,’ said Chun S., Global Head of Business Development at BinaryX.
Launching as IGO Platform
Earlier this year, BinaryX announced its first IGO partnership. With the launch of CyberChess, BinaryX is poised to roll out its ambitious plans to serve as both a GameFi developer and IGO platform.
‘The goal is to be a home ground for gamers, developers and investors to access and interact with GameFi. We aim to be the frontrunner in the space and we have a ton of exciting IGO projects coming up. Launching our IGO platform is the next step,’ Chun said.
Watch the Trailer
About BinaryX
BinaryX is the GameFi platform behind the play-to-earn (P2E) games CyberDragon and CyberArena, both of which run on the BNB chain.
BinaryX began as a decentralised derivative trading system. Recognising the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3.
As one of the top 10 projects on the BNB Chain, BinaryX has more than 100k coin holders and 15K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 300 million in market cap. BinaryX has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.
For more details and information about BinaryX, please visit www.binaryx.pro
BinaryX | Twitter | Discord | Telegram | YouTube | Medium
Contact
Communications Lead
- Sammi
- BinaryX
- marketing@binaryx.pro
US, NY, 22nd September, 2022, Chainwire
As the Bored Ape Yacht Club (BAYC) continues to reign the NFT space and going well beyond towards the mass adoption, we see the rise of projects using the full potential of renowned jpegs – as BAYC owners have full intellectual property rights over their NFTs. Recently the ecosystem has attracted a lot of big names that utilize IP offered by BAYC, like Snoop Dogg and Eminem who smashed the VMAs rocking their ape personas like nobody’s watching.
Now the Yuga Labs IP ecosystem is joined by the Bored & Lucky, the world’s first Bored Ape raffle platform. The platform offers everyone a fair chance to win blue chip NFTs and join some of the most exclusive NFT-gated communities in Web3, like BAYC, MAYC, and CryptoPunks.
How it works
The whole process is fully transparent – all Bored & Lucky raffles are Ethereum smart contract based. The NFT prize and the funds received from the ticket sales are locked in the contract and the only way to release them is via a raffle process that is 100% fair for all parties involved.
The winning ticket is determined in a completely random and fair manner. To guarantee transparency and unbiased approach the winner is determined by smart contract via transaction on blockchain using Chainlink VRF to independently generate a random number to draw a winner.
There are currently 3 open raffles featuring a MAYC, a BAYC, and a CryptoPunk, with the very first DeadFellaz #1175 NFT already raffled away to a new winner.
Who is BAYC #4619
BAYC #4691 is an incredibly lucky ape who has made his fortune on smart crypto investment choices. A real connoisseur of art and all things classy, he’s now chasing away the boredom by spreading the luck and organizing raffles with life-changing blue chip NFTs.
For more information on Bored & Lucky visit https://boredlucky.com/
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
For more information on Chainlink visit https://chain.link/
About Yuga Labs
The possibilities for blockchain’s impact on culture are endless. Yuga Labs is a Web3 platform building most known for the creation of the Bored Ape Yacht Club and a recent Metaverse project Otherside, as well as acquisition of CryptoPunks and Meebits.
For more information on Yuga Labs visit https://www.yuga.com
Contact
- BAYC #4619
- boredlucky@gmail.com
Zug, Switzerland, 22nd September, 2022, Chainwire
Unveiling multiple technological breakthroughs, SupraOracles is excited to announce its novel cross-chain oracle infrastructure enabling highly accurate, robust data porting across a multitude of blockchains and DLTs with only 3-5 second finality. Now, with over 550+ signed integration partners, they’re officially announcing the launch of their Alpha testnet as they progress towards mainnet in early 2023.
To jumpstart momentum, Supra has partnered with Dorahacks, the host of BNB Grants and BNB Global Hackathons, by sponsoring and providing its oracle service to over 4,000-5,000 developers worldwide. Developers interested in adding this new, institutional grade oracle to their Web3 toolkit are invited to apply to the Supra Network Activate Program: https://join.supraoracles.com/network-activation-program
Oracles play a key role in Web3 projects. Developers need oracles to securely connect their decentralized applications (dApps) with timely, accurate data originating from other blockchains or real-world sources. This opens up a world of use cases such as exotic derivatives backed by real-world assets, options markets, multi-lateral clearing and settlement across public blockchains and DLT networks, that otherwise are simply not feasible with incumbent oracles today.
Supra’s PhD driven research team, led by the renowned Dr. Aniket Kate, has prioritized a number of novel principles in their design that brings a new gold standard to how oracles should perform. The most crucial being security of the core data, decentralization of nodes and consensus, auditability of data provenance, and cost efficient, predictable budgeting for consumers.
With these innovations, Supra has received recognition from Web3 incubators like Mastercard’s Start Path program, Berkeley Blockchain Xcelerator, and Silicon Valley’s Plug and Play, which recently named Supra among their top 10 up-and-coming Web3 projects.
Supra is drawing near to the launch of their incentivized testnet in Q4, with a roadmap that includes activities for developers to begin their testing:
- 2022 Early October: Launch Data Dashboards, documentation for Ethereum, BNB Chain, Polygon, Avalanche, Aptos testnet chains
- 2022 Late October: Supra’s VRF service documentation
- 2022 November: Node Operators Onboarding launch
- 2022 December: Incentivized testnet live, whitepapers unveiled
- 2023 Early Q2: Mainnet goes live
Node Operators interested in learning about Supra’s block rewards and incentivization programs are invited to join the Discord community to know more: https://discord.io/supraoracles.
SupraOracles CEO, Joshua Tobkin commented, “We’ve built oracles that will undoubtedly exceed the typical expectations of cross-chain solutions, and we’re proud to bring forth a world-class product to the industry to help blockchains do even more incredible things.”
About SupraOracles
SupraOracles is supercharging oracles for a better, decentralized future. Blockchains need better, faster, accurate, and more secure off-chain data. SupraOracles provides a next-generation cross-chain oracle solution so smart contracts and blockchain apps work better.
After 5+ years of research, and thousands of hours of R&D and simulations, SupraOracles’ revolutionary technical breakthrough helps solve the Oracle Dilemma while improving performance across the board. The team’s academic mindset forms the bedrock of the organization and reinforces their commitment to deep research and a rigorous scientific process in everything they design and build.
Contact
Media contact
- Christopher Sealey
- SupraOracles
- chris@serotonin.co
Majuro, Marshall Islands, 21st September, 2022, Chainwire
What’s better than low fees? No fees. Gate.io is excited to announce ZERO trading fees on most spot and contract market trading pairs. The no-fee structure was launched in two phases, first on September 16 (UTC) and then on September 20 (UTC), for spot and other markets, respectively.
After a breakthrough year for the exchange, this radical change in fees is an ambitious move to give back to the crypto community. The removal of fees on this scale is unmatched by any other mainstream exchange, making Gate.io the industry’s most affordable platform for crypto trading.
Zero-fee breakdown
As a gesture of goodwill to millions of users worldwide, maker and taker fees on all spot market USD, BTC, and ETH quote currency trading pairs and BTC/USDT have been completely removed as of September 16 (UTC). As of September 20 at 10:00 (UTC), there will be no fees on all spot ETF pairs, USD-M and BTC-M perpetual futures pairs, USDT-M and BTC-M delivery futures pairs.
USD-pegged stablecoins such as USDC, TUSD, PAX, BUSD, and HUSD are denominated in USD and can be traded as USD spot pairs without the need for conversion and with no fees. With USD-pegged stables being the most commonly traded stablecoins on the market, having no fees helps make trading much cheaper. These reduced fees will remain in place indefinitely until further notice.
United with the crypto community
The crypto market has been pretty sluggish so far this year, so Gate.io is lending a hand to users so they can weather the storm together.
Though recently, Ethereum’s Merge has managed to spark the interest of its supporters and the entire crypto community. The ability to trade ETH at no cost will support the Ethereum community and, as an extension, its thriving ecosystem. And regardless of the ongoing bear market, Bitcoin still stands as the most traded digital asset by a wide margin. Making BTC a no-fee asset helps ease the trading experience for millions of users.
Fewer fees. Fewer worries.
Gate.io makes trading a secure, easy, and low-cost experience so traders can better focus on their positions and strategies and worry less about the rest.
Eliminating trading fees is another user experience enhancement following Gate.io’s 9th anniversary, which also included refreshed branding, lower and more flexible fees platform-wide, trading competitions with multi-million dollar max prize pools, and much more.
On Gate.io, user asset security is always priority number one. It was the first exchange to provide verifiable user asset reserves audit by a certified firm and is currently in the process of another audit. Meaning all user assets on the exchange are genuinely held and available for withdrawal at any time.
With nearly a decade of refinement, fine-tuning, and industry experience, Gate.io provides a comprehensive and safe trading experience trusted by millions of crypto users worldwide. Users can trade over 1,500 cryptocurrencies on over 2,500 trading pairs in the spot and futures market and access lending, contracts, options, NFTs, Web3, copy trading, exclusive fee discounts and bonus rewards.
About Gate.io
Established in 2013, Gate.io is one of the pioneers in the crypto industry. It has established a comprehensive ecosystem, which includes a cryptocurrency exchange, public blockchain, decentralized finance, research and analysis, venture capital investing, wallet services, startup incubator labs, and more.
Gate.io offers services related to trading multiple leading digital assets, and it has grown to serve over 10 million users worldwide. It has been consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko and has received a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021.
Contacts
Head of PR & Communication
- Dion Guillaume
- Gate.io
- dion@gate.io
San Francisco, California, 21st September, 2022, Chainwire
As part of a drive to strengthen its contribution to the Nigerian economy, the Lekki Free Zone Development Company (LFZ) is in talks with Gluwa, a blockchain technology company. The pair are looking to partner and use blockchain to foster trade collaboration, growth, and sustainability among new and existing Free Zone enterprises. The partnership would also explore the creation of a Virtual Free Zone within the Lekki Free Zone.
Lekki Free Zone’s Head of Strategy, Innovation & Special Projects, Mr. Tomiwa Idowu, has disclosed that discussions are ongoing between LZF, the Nigerian Export Processing Zones Authority, and the Gluwa team.
In a statement, Idowu explained that the partnership, when finalized, will create a dashboard for the tokenization of goods into NFTs (non-fungible tokens) and provide digital asset-backed loans for new and existing enterprises who are looking to fund operations and/or expand their businesses, similar to the integration of OpenSea and Compound.
Idowu shared his vision for innovating the trading and industrial sector in Nigeria and Africa as a whole, bringing it into the modern information age with the Lekki Free Zone at the epicenter.
“I am extremely excited by the enormous potential of such a partnership, which would further establish Lagos State as Africa’s leading sub-national in terms of innovation, economic development and revenue generation,” said Idowu.
He commended the Lagos State Governor, Babajide Sanwo-Olu, as a beacon of progress and hope for the nation in general, saying: “Our Governor has always been a firm believer in fast-paced development, which involves using technology to leapfrog bureaucracy and going straight to solving immediate problems.”
Chief Executive Officer at Gluwa, Tae Oh, noted that the firm is keen to partner with the Lekki Free Zone as it is the largest and most developed Free Zone in Nigeria with proximity to the deep-sea port as well as the Dangote refinery, saying: “Trading has been the bedrock of the Nigerian economy, with annual volumes running into billions of dollars.”
He added: “We believe the digitization of the sector can allow us to harness its full potential. For instance, a standard process to digitize goods manufactured or processed within the zone in tandem with a market system on web3 will allow manufacturers to trade globally via the blockchain.
“All trades will be registered and benefit from the incentives of the Lekki Free Zone, such as zero taxation and free circulation of goods. As soon as the goods get settled for export by the in-Zone Customs Processing Center, they will get shipped out straight from the Lekki Free Zone via the deep-sea port.
“This will reduce delays, eliminate human errors, exponentially drive up Nigeria’s non-oil exports and sustain a positive trade balance for the nation. While we are still working out the fine details and a specific framework with NEPZA, we believe it is the future of commerce and trade in Africa.”
About Gluwa
Gluwa is an Open Finance platform, connecting capital from developed markets to emerging market lending opportunities using blockchain technology. By providing the decentralized infrastructure rails to raise and disburse capital anywhere in the world, investors can use the Gluwa Invest platform to partake in debt-financing deals with emerging market fintech lenders, earning up to 15% APY.
Contacts
VP of Business
- Aston Lee
- Gluwa
- support@gluwa.com