Zerion, the leading DeFi and NFT portfolio manager, is launching the first generative NFT linked directly to users’ on-chain activity. As users explore Web3, this Dynamic NFT Avatar – or DNA for short – will evolve with them based on their actions and the assets they own.
“With our DNA NFT, users can express their web3 identities based on the tokens they own, networks they trade on, and communities they belong to,” said Evgeny Yurtaev, CEO and co-founder at Zerion.
Based on a series of attributes, users will be able to mint an NFT when they create a Zerion wallet that represents their on-chain footprint across the 10 networks Zerion supports. Every additional action users take will alter their DNA.
This announcement comes alongside evolving into a Web3-native Wallet that enables users to sign transactions within their mobile app, trade across 10 networks, and connect directly to any decentralized application in a few taps.
Starting today, users can create a stand-alone crypto wallet with Zerion or import existing wallets like MetaMask or Coinbase Wallet, with no limit to the number of private keys supported on the app.
Wallets can be grouped, allowing users to manage their entire Web3 portfolios, from DeFi tokens to NFTs, all in one place without having to manually add assets or constantly switch between different wallets.
“It’s still difficult to make crypto transactions on your phone, especially across different chains,” says Evgeny Yurtaev, CEO and co-founder at Zerion. “ The Zerion Smart Wallet scans every decentralized exchange on the market to make mobile trading accessible, affordable and easy for the next billion Web3 explorers.”
Before launching its wallet, Zerion conducted security audits with the two of the leading blockchain security firms, Secfault and Cure53 who both concluded that the company’s code base was safe and secure.
Since raising its latest round of funding in July 2021, the Zerion team has been working on turning the product into the primary interface for Web3.
They’ve made it easier for users to see the value of their NFTs, bridge across blockchain networks and invest in hundreds of protocols. Zerion was recently named one of the 50 most promising startups in 2022 by The Information.
To date, Zerion measures 220K monthly active users, has integrated over 500 protocols across 10 networks and has processed over $1.2B in transactions.
About Zerion
Zerion is a web3 smart wallet and investing tool that enables anyone with a mobile phone to manage their DeFi and NFT portfolios. With a relentless focus on user-centered design and a technology stack that aggregates across every major wallet, network and decentralized exchange, users are offered a single point of entry for managing their digital assets, including NFTs. Zerion is non-custodial, which means users never delegate their funds to the platform. This agile approach mitigates centralization risk and has allowed Zerion to operate globally since inception.
The company was founded in 2016 by Evgeny Yurtaev (CEO), Alexey Bashlykov (CTO) and Vadim Koleoshkin (COO) with the mission to empower more people around the world with efficient, permissionless and transparent financial services.
They raised their seed round in 2019 and Series A in 2021. Since then, Zerion has built an award-winning interface that serves more than 200K monthly active users from over 150 countries. Zerion has processed over $1B in transaction volume, seeing $5M traded per day on average with a median trade size of $1,000. To learn more, visit their website or follow the company on Twitter.
Exciting news from the Astar ecosystem. The project AstridDAO being built on Astar has officially announced a partnership with Microsoft. This partnership has huge implications for the ecosystem as a whole. Microsoft, a powerhouse of innovation, brings its resources and technology to AstridDAO. Endorsing and coaching the project shows that the tech giants are paying attention to Astar and the projects being built on the network.
AstridDAO is a decentralized money market with a fully backed stablecoin, BAI, which is hard-pegged to the US Dollar.
Microsoft welcomes AstridDAO to the Microsoft for Startups program. This partnership accelerates business development and growth removing the traditional barriers involved in building a company. Bringing AstridDAO access to technology, coaching and marketing which competitors and other companies do now have access to.
Microsoft will be providing AstridDAO with up to $350,000 of benefits through Github Enterprise, Microsoft Teams and Azure credits. Keep your eyes on AstridDAO, the future is looking very bright for the company.
This partnership from Microsoft signifies AstridDAO as being backed by one of the most innovative tech-driven companies in history.
AstridDAO team shares: “We are super excited to join the Microsoft for Startups program! With incredible resources sponsored by Microsoft, we will ensure AstridDAO can better serve the community and facilitate BAI to become the dominant native stablecoin for the whole Astar and Polkadot ecosystem.”
If you haven’t been paying attention to Astar and the ecosystem as a whole, take this as a sign to start. This network has shown time and time again that they are innovating and building the future of blockchain technology. Microsoft partnering and becoming involved in the network is yet another signal that Astar is an ecosystem you need to keep your eyes on.
About AstridDAO
AstridDAO is a decentralized money market protocol and multi-collateral stablecoin built on Astar and the Polkadot ecosystem, allowing users to borrow BAI, a stablecoin hard-pegged to USD against risk assets at 0% interest and minimum collateral ratio. This mechanism enables users to leverage the value in their risk assets, including ASTR, BTC, ETH, and DOT without selling them.
BitMart has announced the latest addition to its diverse offerings for retail and professional traders alike: an exclusive nonfungible token (NFT) marketplace.
With a focus on a streamlined and luxurious user experience, BitMart’s venture into the NFT space seeks to set the standard in the accessibility and quality of NFTs, including prizes and giveaways, with a growing user base.
To celebrate this launch with the world, BitMart is announcing that all transactions on the NFT marketplace will feature zero fees for a limited time.
Current BitMart users can also claim a free NFT for being loyal BitMartians and supporting the exchange as it grows. These will be cool to display and collect, and collectors can rest assured that every NFT is 100% verified and authentic from projects currently partnered with BitMart.
READ: UK’s FCA warns of ‘significant issues’ with stablecoins as it drafts regulation
With a curated list of 10-plus projects, BitMart has prioritized an exclusive platform that gives users a white-glove listing of NFTs at competitive prices.
Don’t have a BitMart account yet? Register today to launch a crypto journey as soon as possible.
For a deeper dive into how to use the marketplace, browse the user guide. Otherwise, traders and investors should mark their calendars for June 6 so they don’t miss out on this NFT experience.
About BitMart
BitMart is the premier global digital asset trading platform. With more than 9 million users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,000-plus trading pairs with one of the lowest trading fees in the industry.
A constantly evolving and growing platform, BitMart is interested in crypto’s potential to drive innovation. To learn more about BitMart, visit its website, follow its Twitter or join its Telegram for updates, news and promotions. Download the BitMart app to trade crypto anytime, anywhere easily.
NFT marketplace OpenSea has announced this week the launch of a Web3 marketplace protocol that will allow users to barter non-fungible tokens with one another.
OpenSea unveiled its new marketplace protocol, called Seaport, on Friday.
They stressed that “OpenSea does not control or operate the Seaport protocol — we will be just one, among many, building on top of this shared protocol.”
The NFT marketplace added that, “As adoption grows and developers create new evolving use-cases, we are all responsible for keeping each other safe.”
The new marketplace protocol will allow users to “agree to supply a number of ETH / ERC20 / ERC721 / ERC1155 items” in exchange for NFTs, as it allows users to barter NFTs instead of just paying for them with Ether, for example.
READ: UK’s FCA warns of ‘significant issues’ with stablecoins as it drafts regulation
Furthermore, Seaport market participants can specify criteria such as certain traits on NFT artwork or pieces part of a collection they want when making offers.
In the announcement, OpenSea revealed that they will allow tipping, but the amount tipped cannot be larger than the initial offer/purchase price.
This development comes after OpenSea announced last month that it had acquired NFT marketplace aggregator Gem, which they said would continue to operate as a stand-alone product rather than being consumed by OpenSea.
However, OpenSea said they are planning to integrate Gem features, including rarity-based rankings, into their own NFT marketplace.
OpenSea was launched in 2017, and it is currently one of the most popular NFT marketplaces in the world by monthly transaction volume.
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Bondly Finance and Animoca Brands announced today that Bondly Finance has rebranded to Forj, marking a strategic shift in the business to focus on mass-audience onboarding to the world of Web3 and nonfungible token (NFT) technology in the music, sports, lifestyle, celebrity-brand and gaming sectors.
Under its previous brand of Bondly Finance, Forj led the way in the NFT space through innovative partnerships with well-known creators, including influencer Logan Paul, Grammy-nominated musician Lewis Capaldi, and global music and events platform Bandsintown.
Other notable partnerships include building the first official Ethereum-to-Cardano NFT bridge in collaboration with Input Output Hong Kong (IOHK) and powering one of the biggest available NFT-minting platforms, Mint-On-Demand, in partnership with Spring.
Forj is the result of an extensive rebrand undertaken over the past six months, led by several leading brand design experts whose clients include Uber, Disney, AT&T and Coca-Cola.
Forj encapsulates the principles of creation, innovation and partnership, with the main brand mission of deepening the relationships between creators and fans to form a partnership in the true spirit of Web3 applications and decentralized autonomous organization governance.
Forj is majority-owned by Animoca Brands, and the rebrand is just the first in a series of exciting announcements to be released over the next few months.
The rebrand includes the rollout of the new Forj website and the new branding of several consumer channels.
READ: UK’s FCA warns of ‘significant issues’ with stablecoins as it drafts regulation
“The Forj brand launch marks a major milestone in our project’s journey as we prepare for mass-adoption of Web3 and NFT technologies,” said Harry Liu, CEO of Forj. “Tomorrow’s consumers won’t think twice about entering the metaverse to watch their favorite band or buy the latest trainers as an NFT for their avatars, and Forj is positioned to facilitate that leap for Web3 beginners and experts alike.”
“Our brand values for Forj center around one of the founding principles of Web3 — partnership,” said Charles Stanton, chief media officer of Forj. “We’re here to bring fans and creators closer than ever, even blurring the lines between the two, and through Forj, we now have an exciting, dynamic brand vehicle to deliver these truly unique experiences.”
“Bondly Finance’s strategic rebrand to Forj comes at an integral time for Animoca Brands as we look to the popularization of Web3 technologies, including the evolution of the metaverse,” said Yat Siu, co-founder and executive chairman of Animoca Brands. “Forj will deliver to consumers exciting and dynamic brands to provide an attractive gateway to these new Web3 experiences.”
About Forj
A subsidiary of Animoca Brands, Forj delivers leading Web3 products and technology that fosters unique fan experiences for creators. A truly end-to-end solution, Forj is the next frontier of fan engagement through its use of NFTs, metaverse protocols and blockchain technology to bring fans closer to their favorite creator brands in music, entertainment, gaming and beyond. With major partnerships, including influencer Paul, Grammy-nominated musician Capaldi and leading creator platform Spring, Forj has an enviable track record of success in the sector.
Forj-owned brands include the metaverse-infrastructure project Metaprints and leading GameFi project PolkaPets. For more information, visit forj.network.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain and gamification, working to advance digital property rights.
It develops and publishes a broad portfolio of products, including the REVV and SAND tokens; original games, including The Sandbox, Crazy Kings and Crazy Defense Heroes; and products utilizing popular intellectual properties, including Disney, World Wrestling Entertainment, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP and Formula E.
Amulet, a decentralized finance (DeFi) insurance protocol for Rust language-based ecosystems, has successfully raised $6 million in its first funding round.
The seed round was led by gumi Cryptos Capital and joined by Republic Capital, Solana Ventures, DeFiance Capital, Animoca Brands, United Overseas Bank, Signum Capital, Mirana Ventures, NGC Ventures, LongHash Ventures, SevenX Ventures, CMT Digital, Matrixport Ventures, a41 Ventures, Solar Eco Fund, Daedalus, Cobo Wallet and Re7 Capital, and a few ecosystem partners such as the Serum and Acala networks.
READ: FNDZ unveils multi-token staking feature
In the last year, the total value locked (TVL) of Solana (SOL) has been growing faster than Ether (ETH), but there is currently no native insurance protocol.
Amulet utilizes Solana’s proof-of-stake network to provide stable returns and provide insurance services with its unique Protocol Controlled Underwriting and Future Yield Backed Claim mechanism, which minimizes risk for underwriting capital providers.
In 2021, there was more than $10 billion lost due to various hacks and frauds in the crypto space, including $2.6 billion in exploits on DeFi protocols, according to an Immunefi report. A lack of sustainable design and coverage gaps has led to insurance being persistently undervalued in the DeFi space, and as a result, very little of that lost money has been recovered. This is also a concern in the wider world for the metaverse, GameFi and the broader Web3 space.
The market needs better insurance solutions, and until the launch of Amulet, that hasn’t been available for DeFi investors. Amulet will be the first Rust-based DeFi insurance protocol, initially deployed on the Solana network, built to address this high market demand.
Amulet will adopt a multichain strategy and deploy it to other non-Ethereum Virtual Machine-based ecosystems along the road.
“Lately, we’ve seen some epic hacks in cross-chain bridges,” said Miko Matsumura, managing partner of gumi Cryptos Capital. “We appreciate the novel design of Protocol Controlled Underwriting and feel that this mechanism will become a standard way to mitigate some of the substantial risks in DeFi.”
Amulet is led by Rupert Barksfield, a serial entrepreneur who’s worked in crypto since 2016 and has more than 15 years of experience in the technology sector.
Barksfield said, “I am extremely excited to be leading the launch of Amulet. We’ve built an incredible team and aim to build a powerhouse community driving adoption of Web3 while protecting [user] risk. There is an enormous TVL — $35 billion-plus — for Rust-based ecosystems, and this is a market that we can not only penetrate but also lead the way for protecting more users from potential hacks, fraud and other risks. After analyzing the future projections deeply, the next five years are going to be extremely important for our own growth, and that is why we had to act today to announce Amulet, [which] is built, with openness, scalability and sustainability at the forefront of our minds.”
Amulet wants to be the first protocol to offer GameFi and nonfungible token (NFT) asset insurance, metaverse life and property insurance and other protections for the rising Web3 world.
KyotoProtocol.io is the world’s first decentralised multilayer carbon credit finance protocol. The project’s technology improves the slow and outdated carbon credit industry by implementing a host of solutions that utilise smart contracts on a secure, fully transparent blockchain ledger, creating the ultimate standard for the carbon credit industry.
Kyoto Protocol’s mission is to make the carbon credit industry more transparent, efficient, accessible and profitable, making a real difference in the fight against climate change and the users’ wallets. The project’s technology makes it profitable for both retail and institutional investors to create certified offset whilst staking funds or holding its own native Kyoto Token.
The Kyoto Token fair launch is an exciting way to own a share in the project’s network of decentralised applications. The token distribution offers an eye-watering Fixed APY of 916,474% to Kyoto Token’s most loyal holders. To find out more about the fair launch, consider joining Kyoto Protocol’s Telegram channel here.
Why Is This Important?
Globally as a collective, humanity is falling behind carbon offset targets. These targets are set by the governments as a guideline to stop catastrophic damage to the planet, which will directly affect the sustainability of human life. Humanity is less than ten years away from getting to a point of no return. Putting that into a scary perspective, humans only have 0.005% equivalent of their total time on Earth to fix 100% of the damages it has caused. The only way to do this securely and fully understand the data metrics is on a transparent blockchain ledger. If used correctly, carbon credits will become the most powerful tool humanity can create to combat climate change.
How Does KyotoProtocol.Io Improve The Carbon Offset Industry?
KyotoProtocol.io is not a single piece of technology but a network of decentralised cross chain applications ran on a fully transparent blockchain ledger, specifically designed to improve the dangerously lagging carbon offset industry. Kyoto Protocol’s technology solutions improve every aspect of the carbon credit industry such as accessibility, transparency and liquidity. The team strongly believes that carbon credit offsetting should occur on a blockchain ledger with certified carbon credits as synthetic assets only. KyotoProtocol.io technology not only creates a new planet saving standard for the carbon credit industry but a profitable one for Kyoto users by using the latest web3 de-fi technology, the possibilities in which to create lucrative ways of generating certified carbon credits broadens massively.
Kyoto Protocol Team And Initial Partnerships.
The team at KyotoProtocol.io brings core experience and stability to the project’s business model and have a direct reach to many of the overlapping sectors that the protocol serves. Collectively the team has raised, traded and secured over 3.5 billion dollars in cryptocurrency, renewable energy and fundraising.
The Kyoto Team understands that being transparent with investors is integral to success and that Doxxing is a key differentiator in building trust. The team plans to fully dox prior to announcing the Kyoto Token fair launch date, to reassure its community and to demonstrate that it has nothing to hide.
The team has already secured a group of very credible and innovative partners who believe in the project’s vision in making a difference, together it will deliver something great to the community, planet and the user’s wallet. Collectively KyotoProtocol.io and its partnership ecosystem will work together to bring its vision into fruition.
Read about Kyoto’s planet-saving partnership with CUDOS here.
Since opening its doors in 2014, E11EVEN Miami has become the world’s hottest nightclub and the ultimate playground for the stars. Every weekend is a “who’s who” of celebrities, music industry legends, world-renowned DJs, and entertainment moguls. In 2019, the landmark destination established itself as the highest-grossing nightclub per square foot globally, further cementing its presence as one of the most sought-after clubs in the world.
E11EVEN evolved from nightlife into lifestyle with the launch of E11EVEN Hotel & Residences, E11EVEN Vodka, E11EVEN Life apparel, and a major restaurant to be announced later this year.
The E11EVEN name is already well known in the crypto world. In April 2021, E11EVEN Miami became the first major nightclub in the United States to accept cryptocurrency and has since processed over $5 Million in transactions.
In June 2021, E11EVEN Hotel & Residences became the first IRL real estate in the world to accept APE and other cryptocurrencies as payment. In December 2021, E11EVEN got into the NFT space when they purchased Bored Ape #11… and now – in another first – they are disrupting and reimagining the entertainment landscape with the creation of E11EVEN Crypto and their inaugural offering: the 11 Captain’s Club NFT genesis collection.
E11EVEN has partnered up with Horizen Labs (APE) and several of the biggest names in the industry to create an exclusive NFT collection which drops on May 25.
The 11 Captain’s Club is unique because it is a utility-filled token-gated passport to the entire E11EVEN ecosystem with real-world benefits: IRL meets URL. The genesis collection is an exclusive series of 1,111 NFTs on the Ethereum blockchain, featuring artwork inspired by E11EVEN’s coveted hats, for 3 ETH each.
In addition to Web3 utility, the concentrated collection focuses on the importance and exclusivity that comes with being a Captain and its IRL utilities including first-access to all E11EVEN NFT projects and partnerships, priority pass to exclusive IRL events across the entire E11EVEN ecosystem, Captains-Only events, access to member-only areas of the Discord, and limited-edition product releases including E11EVEN apparel, vodka and more. Additional utilities are already underway.
With the support of major web3 influencers, developers, celebrities, and business leaders, E11EVEN Crypto is eager to explore its broader digital future into the next decade.
Get your spot on the 11 Captain’s Club Allow-list with this secret link for an opportunity to mint on May 24 before the public sale on May 25.
Geneva, Switzerland, May 13 – TRON DAO and BitTorrent Chain (BTTC) are gearing up for Season 2 of the TRON Grand Hackathon 2022, with registration beginning Monday, May 16.
The Hackathon is part of TRON DAO’s long-term efforts to promote the mass adoption of blockchain technology and innovative cross-chain solutions. The Hackathon’s primary goal is to empower developers to create and execute DeFi, GameFi, NFT, and Web3 projects and build a robust content and entertainment community on TRON and other blockchain platforms.
With an aggregate bounty of $1 million, the Hackathon will be split into four tracks, encompassing DeFi, GameFi, NFT, and Web3. This will be an ongoing funding event, commencing every three months, to promote the growth of the TRON and BTTC ecosystems.
There will be a permanent review panel throughout the Hackathon and a special guest panel for each season. Eligible submissions will be evaluated between August 1 to 11, 2022, and winners will be announced on August 17, 2022. Season 2 of the Hackathon will feature a stellar panel of judges from some of crypto’s most prestigious institutions and projects coming together to offer their expertise and accelerate the growth of the TRON DAO ecosystem.
The first stage of evaluation determines whether the concepts meet a baseline level of viability, such as reasonably fitting the topic and implementing the necessary APIs/SDKs advertised during the Hackathon.
The judges will evaluate all submissions that pass the first stage in stage two based on the following equally weighted criteria:
- Technological Implementation: Does the project demonstrate quality software development?
- Design: Is the user experience and design of the project well thought out?
- Potential Impact: How big of an impact could the project have on the category’s target audience?
- Quality of the Idea: How creative and unique is the project?
The scores from the judges will select the potential winners of the applicable prizes. The applicants eligible for a prize and whose submissions earn the highest overall scores based on the applicable judging criteria will become potential winners of that prize. The TRON DAO Forum prizes will be awarded based on community votes on the Hackathon projects submitted on the TRON DAO Forum.
The TRON Grand Hackathon 2022 and the TRON DAO Forum are all about possibilities, interactions, and empowering the TRON DAO community to have a say in the digital world. The decentralized web is all about putting the power in the hands of the people.
As a bonus, APENFT Marketplace will be partnering with the NFT track winners to provide resources and a platform to help them achieve their Hackathon goals while bringing much-needed visibility to up-and-coming NFT projects within the TRON and BTTC ecosystems.
The Hackathon will also support the top track winners with various resources, including potential funding opportunities from the TRON and BTTC Ecosystem Fund, liquidity, and integration with partner exchanges.
All blockchain developers, product managers, and designers are eligible to sign up for the contest. Contestants who finish developing a DeFi, GameFi, NFT, or Web3 project programmed in Solidity, which will work on TRON, or on Ethereum and BNB Chain through the BTTC bridge before the deadline, will be considered eligible participants. The contest is also open to any existing projects developed on the TRON or BTTC blockchain that have added significant updates or features during the Hackathon.
Submission of the Hackathon Season 2 begins on May 16, 2022, and ends on July 25, 2022. Contestants who are interested in winning extra TRON DAO Forum prizes are encouraged to register and submit their projects to the TRON DAO Forum early, as interactions with community members within their forum threads will also be considered while judging the projects.
How to Enter:
- Go to TRONDAO.org/hackathon.
- Register for the Hackathon on the Hackathon Website by clicking the “Join Hackathon” button. Sign up to create a free Devpost account or log in with an existing Devpost account to complete registration. This will enable you to receive important updates and to create your Submission.
- Applicants will complete a project described in Project Requirements. The applicant must follow the rules established in the license agreement when using any developer tools. The sponsor and Devpost have permission to collect and store an applicant’s personal information to operate and publicize the Hackathon.
- Create a video that includes footage that explains your project’s features and functionality through a comprehensive demonstration.
For eligibility, rules, criteria, and further details, please visit the TRON DAO Forum, TRON.Devpost.com/rules, and TRONDAO.org/hackathon.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (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 April 2022, it has over 92 million total user accounts on the blockchain, more than 3.1 billion total transactions, and over $8 billion in total value locked (TVL).
In addition, TRON hosts the largest circulating supply of USD Tether 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. Most recently, the algorithmic 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.
Madrid, Spain, May 12, 2022 — Borderless Capital has increased its investment in Spanish fintech company Bnext to $10 million with a recent $4.5-million investment.
What this means for Bnext
The latest investment will help further Bnext’s goal to continue introducing bleeding-edge financial technologies in 2022 and beyond. Borderless Capital will provide financial support and offer invaluable expertise in the Algorand blockchain ecosystem to help Bnext accelerate the development of its numerous financial products and drive the adoption of decentralized finance technology on a global scale.
Algorand and Bnext
The Algorand blockchain offers several technological benefits, including faster transaction-speed efficiency, lower fees, no mining requirements and a permissionless pure proof-of-stake consensus mechanism, to name a few. Bnext has already leveraged Algorand to power its wallet app and is developing more use cases for the future.
Private IDO for the Algorand community
To show support for the Algorand community, Bnext will be reappropriating 350 million Bnext Token (B3X) for a private IDO — initial decentralized exchange (DEX) offering — launching soon on a leading Algorand DEX. These tokens represent all that remains from the second phase of B3X’s initial token sale.
In addition to the IDO allocation, all Algorand community members that participate and hold tokens on the DEX will have priority access to new functionalities and other benefits. Information on the IDO will be released on Bnext’s social media channels in the coming weeks.
Bnext public token sale raises more than $5.2M
Bnext partially closed its public token sale on March 31, successfully raising more than 5 million euros ($5.2 million). The token sale spanned two seven-day phases in March; phase one saw participants buy 360 million B3X utility tokens in the first few hours, and another 15 million were purchased in phase two. The remaining B3X tokens from phase two, after the expected IDO, will be burnt to increase liquidity.
The token sale has collectively raised 11 million euros ($11.43 million), with Bnext reserving the last remaining tokens for a private IDO for the Algorand community.
B3X Token utility
Bnext Token is a utility token underpinning the entire Bnext ecosystem. The platform’s mission is to bring financial freedom to a global community of banked and unbanked members through expanded access to a growing array of next-generation financial tools and remain committed to constantly improving the user experience.
The continued support from Borderless Capital will help Bnext strengthen its growing community and bring more value to users with international expansion. Upcoming products on the Bnext roadmap include a robust reward system, a diversified marketplace, its crypto wallet app with buying and selling conditions, international money transfers, user discounts and more.
To learn more about how more people are taking back full control of their finances, visit the Bnext website.
About Bnext
Bnext is one of the first Spanish fintech giants and a pioneer in offering an alternative to traditional banking. The company’s mission is to make it easier for people to control their money to live in a freer, simpler and more intelligent way.