Singapore, Asia, September 19th, 2024, Chainwire
Harvard Students and Alumni Launch Groundbreaking Native Bitcoin Blockchain Project at Harvard Innovation Labs to Tackle Global Debt Crisis
- Launch of “New Bretton Woods Project” (NBW): A Harvard-led initiative, soon to be incubated at Harvard Innovation Labs, tackling the global debt crisis through decentralized finance (DeFi) solutions.
- Native Bitcoin Stablecoin: NBW is developing a Bitcoin-backed stablecoin via BeL2 infrastructure, offering stability while preserving Bitcoin’s decentralization and security.
- Economic Disruption and Resilience: The project aims to reshape global finance by leveraging Bitcoin and DeFi to promote economic stability and empower users in the face of rising global debt.
In a bold step to transform the global financial landscape, the Digital Economy Research Initiative, led by a dynamic group of Harvard students and alumni, has officially launched the “New Bretton Woods Project” (NBW). This pioneering blockchain-based initiative has secured membership in Harvard’s prestigious Innovation Labs and is set to begin incubation there in the coming weeks. NBW aims to tackle the escalating global debt crisis by offering innovative, technology-driven solutions.
At the heart of the project is the development of a native Bitcoin stablecoin, leveraging the transformative potential of decentralized finance (DeFi). Built on the innovative BeL2 infrastructure, NBW aims to reshape global financial systems, unlocking new possibilities for debt management and financial stability across nations.
With the power of DeFi and blockchain, NBW stands poised to disrupt the status quo, offering a bold new path toward economic resilience in the face of one of the greatest challenges of our time. This initiative signals not just a step, but a leap toward a decentralized, stable and secure economic future.
The project reframes Bitcoin as not just a store of value but the foundation of a decentralized financial system. Using BeL2—Bitcoin’s second-layer solution—the NBW project enables smart contracts for Bitcoin-backed stablecoin construction, empowering users to engage in decentralized finance while preserving Bitcoin’s core principles of decentralization and security.
“Harvard Innovation Labs will help turn our vision into reality,” said Jacob, Lead Member of New Bretton Woods (NBW) at Harvard University. “Our goal is to create a ‘New Bretton Woods’ system anchored in Bitcoin, bringing stability through the utility of a stablecoin. This stablecoin allows users to bypass Bitcoin’s price volatility while retaining the potential for long-term gain, making the product practical for daily use.”
The native Bitcoin stablecoin will be fully backed by Bitcoin, enabling users to experience the stability of fiat currency without liquidating their Bitcoin holdings. This offers a balance of algorithmic security using Bitcoin miners and the opportunity for long-term growth.
The BeL2 infrastructure allows for decentralized finance applications, where Bitcoin remains securely on the main network. Bitcoin can be used as collateral for Layer 2 applications such as decentralized exchanges, loans, and stablecoin issuance. The NBW team ensures that all Bitcoin-related settlements occur on the Bitcoin main network for maximum security. Instead of transferring assets across chains, messages are sent to Ethereum-compatible networks to issue stablecoin, uniting technologies and supporting a robust decentralized economy.
“Financial empowerment comes from both freedom and stability,” added Sasha Mitchell, Head of Operations at BeL2. “By offering a stablecoin backed by Bitcoin on the BeL2 platform, NBW is giving people a way to protect their wealth and access new financial opportunities, especially in times of economic volatility.”
“This initiative comes at a crucial time as global debt reaches record levels. By combining Bitcoin’s decentralized structure with the stability of a pegged currency, the project offers a financial system that mitigates the risks of traditional economies, highlighting the real-world benefits of financial security and sovereignty. Our stablecoin isn’t just another digital currency; it’s a tool for global financial stability,” said Jacob, Lead Member of the NBW project. “We believe that offering a decentralized and stable currency helps individuals and communities navigate the growing challenges posed by the global debt crisis.”
The NBW team invites those who share their vision for a decentralized and secure financial future to explore how they can contribute. Whether you’re a developer, an investor, or a policymaker interested in sustainable financial solutions, this project offers a unique chance to shape a future focused on security, accessibility, and freedom.
About New Bretton Woods Project (NBW)
The project is led by Digital Economy Research Initiative, a team of Harvard students and alumni. NBW is set to be incubated at Harvard Innovation Labs in the coming weeks. Focused on bridging the gap between traditional finance and decentralized systems, the team is committed to advancing financial inclusivity and economic stability.
About Harvard Innovation Labs
Harvard Innovation Labs is a collaborative ecosystem that supports entrepreneurship across Harvard University. It provides resources, mentorship, and funding to students, faculty, and alumni as they develop practical solutions in fields like technology and finance.
About BeL2
BeL2 is Bitcoin’s second-layer solution that enables decentralized finance (DeFi) while keeping Bitcoin secure on its main chain. By providing users with the ability to lend, borrow, and trade without intermediaries, BeL2 ensures financial freedom while preserving Bitcoin’s core principles of decentralization. With BeL2, users retain full control over their Bitcoin while accessing new financial opportunities.
Contact
Media Lead
Roger Darashah
Elastos
roger.darashah@elastoselavation.org
LAS VEGAS, United States, September 19th, 2024, Chainwire
Blockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program and officially announce the launch of the XAND token.
Designed to overcome the limitations of Solana’s current storage model, Xandeum’s technology will allow dapps to scale by accessing virtually unlimited storage. Solana can be looked at as a “world computer”, and Solana accounts are its “RAM”. At Breakpoint 2024, Xandeum will share its vision for adding the “hard drive” via their scalable storage layer, the missing piece to a full-fledged world computer. This innovation enables a Cambrian Explosion of storage-enabled dapps.
The smart contract native storage layer introduces “Xandeum buckets,” an exabytes+ scalable file system integrated directly into Solana RPC nodes. Storage will be offloaded to a decentralized network of hundreds of thousands of storage provider nodes (pNodes), supervised by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will earn additional rewards in SOL, thanks to highly dynamic fee markets designed to optimize storage efficiency and profitability.
“A low-cost, decentralized storage solution will drastically expand the application landscape.” says Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada. “It can unlock a new revenue stream for SOL validators and stakers. The Xandeum solution will have an enormous impact on the growth of the Solana ecosystem.”
More details of Xandeum’s Solana scaling solution will be shared at Breakpoint 2024. In addition, Xandeum will use the event to announce its storage-enabled liquid staking platform. Scheduled to go live on October 29, the platform will capture future Xandeum storage fees for xandSOL stakers. Early adopters who stake with Xandeum will be eligible for boosted rewards of up to 10x with more details at https://xandeum.network
As an event sponsor, the Xandeum team will have its own booth at Solana Breakpoint 2024 in Singapore, with community members able to learn more about key initiatives including the liquid staking pool, XAND token, and forthcoming airdrops. The first airdrop snapshot will take place on October 8, with the XAND token launch scheduled for October 29.
Xandeum’s development of new storage primitives to enhance Solana’s programming model will solve the issues with the current storage system, known as “accounts,” which has proven insufficient to hold even a few gigabytes per dapp. These limitations threaten to stifle the growth of web3 applications on Solana.
Xandeum lead developer Xandeum Labs has raised $2.8M to build out its scaling solution and has seen significant interest from Solana’s builder community, with over 4B transactions completed on its community-run devnet. Xandeum will support a new wave of scalable web3 dapps while maintaining Solana’s security and decentralization.
About Xandeum Labs
Xandeum Labs is a web3 startup dedicated to building the scalable storage layer for Solana. As a major contributor to the world’s first storage-enabled liquid staking platform, operated by the XAND DAO, Xandeum has already raised $2.8 million from its community and is on track to launch its pNode network in early 2025.
Users can learn more: https://xandeum.com
Contact
Bernie Blume
Xandeum Labs
hello@xandeum.com
Zug, Switzerland, September 19th, 2024, Chainwire
Agile Coretime Paves the Way for Polkadot 2.0 Improving the Network’s Scalability, Cost, Speed, and Flexibility
The Polkadot community celebrates the release of its latest major product, “Agile Coretime”, as part of the ongoing Polkadot 2.0 upgrade. This new feature represents a significant advancement in how computational resources are allocated and managed within the Polkadot ecosystem, delivering unprecedented efficiency, scalability, and accessibility for projects of all sizes.
Agile Coretime is not just a technical upgrade; it is the most important product launch this year for Polkadot as it evolves, through seamless on-chain governance, into a network ready to onboard the Web3 masses. It also serves as a primary catalyst for the rebirth of the entire ecosystem. By making it easier for projects to build and scale on Polkadot, this feature is designed to attract a new wave of innovative applications and use cases.
As the second crucial component on the path to Polkadot 2.0, which previously saw Asynchronous Backing go live and will later allow for Elastic Scaling, Agile Coretime redefines how blockchain resources are allocated by offering a dynamic, on-demand blockspace model. This new approach replaces the previous auction system, in which single cores were leased for two years at a time. The new approach makes it easier and more cost-effective for projects to access the resources they need, when they need them.
Eskimor, lead developer at Parity Technologies, Polkadot’s leading technical contributor, said: “Agile Coretime is a huge milestone in making the high quality blockspace Polkadot offers more accessible. With this and other features we have in the pipeline, I expect more experimentation and awesome projects to be launched on Polkadot, showcasing its amazing capabilities. Let’s wake our sleeping giant!”
One of the key advantages of Agile Coretime is its ability to align resource availability with actual network demand. By dynamically allocating computational resources, Polkadot ensures that no resources are wasted during low activity periods, while also preventing congestion during peak times. This adaptability is crucial for projects with varying needs, enabling them to scale and operate more efficiently without the burden of high upfront costs.
“Devs have historically faced a binary choice: deploy a smart contract and compete with other protocols for limited blockspace, or deploy a blockchain and pay for a large amount of dedicated blockspace,” says Derek Yoo, CEO of Moonsong Labs, “Agile Coretime addresses this challenge by offering a flexible approach. For projects starting out, you can harness the power and customizability of a blockchain while paying only for the blockspace you need. For mature projects with product-market fit, Agile Coretime allows scaling to meet high levels of demand without the need for sharding.”
For new developers and smaller projects, Agile Coretime lowers the barrier of entry by providing access to Polkadot’s robust infrastructure without the need for significant DOT collateral. This democratizes access, fostering greater innovation and participation within the ecosystem.
Projects can purchase coretime either on-demand or in bulk, providing flexibility or predictability depending on their specific needs. On-demand purchases are ideal for projects with fluctuating demands, while bulk purchases offer stable and reliable resource allocation for teams requiring a steady flow of blockspace.
For media inquiries, please contact Jonathan Duran at Jonathan(at)Distractive(dot)xyz
About Polkadot
Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, you’re not just a participant, you’re a co-creator with the power to shape its future.
Contact
Marketing Communications Director
Jen Wheatley
Distractive
jen@distractive.xyz
San Francisco, United States, September 18th, 2024, Chainwire
Aleo’s L1 creates a new ecosystem for secure and programmable applications that allow users a new level of control over their data
Today, the Aleo Network Foundation officially announced the launch of the Aleo Network, a layer-1 blockchain that combines general-purpose programmability with the power of zero-knowledge proofs (ZKPs). The network enables the next generation of decentralized apps that provide data confidentiality to users and scale to enterprises.
Mainnet marks a critical turning point for zero-knowledge technology. For the first time ever, developers can deploy and execute applications on a layer-1 blockchain that is zero-knowledge by default. ZKPs are used to prove knowledge about a specific set of data, without having to reveal the data itself. This gives developers a platform for building private-by-default, cost-effective decentralized applications and makes new use cases in identity, finance, and gaming feasible at scale.
Starting now, developers can build applications that allow users to safely provide the information necessary to access online services while keeping enterprises from bearing the risk of maintaining and securing that data.
Developers benefit from a network that provides:
- High scalability through off-chain execution with ZK proofs, reducing computation and speeding up transactions.
- True decentralization thanks to a diverse, intentionally planned network of validators, ensuring stability, resilience, and inclusive governance.
- Unlimited runtime through off-chain execution, eliminating gas fees common to other blockchains.
- A full-stack development experience that makes it easy for developers to build ZK dApps by handling the complex cryptography.
This launch marks a significant milestone following the successful validation of Testnet Beta, where the network was thoroughly tested across diverse environments. The Foundation enhanced the network’s security by addressing findings from audits by three independent firms and resolving issues identified through bug bounty programs.
“The launch of Aleo’s mainnet marks a milestone in our mission to empower users to secure their personal information. This is not just a technological advancement; it’s a fundamental shift in how users interact with their data online,” said Alex Pruden, Executive Director of the Aleo Network Foundation. “Now, users can securely share only the personal information relevant to a specific inquiry, such as their exact age or credit score, without needing to reveal the entire contents of personal documents like birth certificates, financial data, health records, and more. Products like our in-house identity solution ZPass demonstrate the potential of an internet where users, not platforms, control the data they see and share.”
“At Variant, our guiding thesis for infrastructure investing is expanding the design space of what’s possible for applications. The unlocks of decentralized, privacy-preserving computing can’t be understated — imagine truly secure and private applications that protect user data,” said Jesse Walden, Founder and Managing Partner at Variant. “Aleo is a pioneer in private compute, and we could not be more excited to continue supporting the network.”
There is already a robust ecosystem of partners building real-world use cases on the network. Venture capital firm Electric Capital ranked Aleo as one of the top five fastest-growing ecosystems by overall developers, with an overall growth of 167%, and to date, there are 330+ active projects covering applications like DeFi, tooling and infrastructure, identity, and gaming.
“Enabling safe online spaces that uphold and protect children has been at the heart of our work at Bandio since the project’s inception. The support and collaboration we have had from Aleo throughout our entire life cycle has been invaluable,” said Lynzi Ziegenhagen, CEO of Bandio, a digital age assurance tool built on Aleo in partnership with Common Sense Media. “To see the mainnet launch as the culmination of this team’s hard work and dedication is truly exciting.”
The launch of the Aleo Network arrives at a time when the demand for secure digital solutions is at an all-time high. Without security, web3 risks remaining a digital casino, lacking the trust and utility needed for broader adoption. Aleo’s approach ensures that privacy is not an afterthought but a foundational element, essential for the evolution of meaningful and secure digital interactions.
Aleo Selects Coinbase For Day One Support
Coinbase, one of the largest cryptocurrency companies in the world widely known for pioneering innovation in the digital asset space, is providing Aleo with day-one support across three key areas: custody, staking, and learning rewards.
- Coinbase Prime is a leading institutional prime broker platform for crypto assets, trusted by some of the largest institutional clients in the world. Institutional investors can securely custody the native Aleo token with Prime.
- Staking: Coinbase will serve as one of the initial validators for the Aleo network, bringing its best-in-class staking services to support the ecosystem. By leveraging Coinbase’s extensive experience in the proof-of-stake ecosystem and its track record of supporting staking innovation, this relationship will enhance Aleo network’s infrastructure and deliver reliable, secure staking services to its participants.
- Coinbase Learning Rewards offers developers and users the opportunity to get rewarded for learning about the unique benefits of the Aleo Network. Quests challenge users through onchain tasks to help them earn rewards and familiarize themselves with key partners like Demox Labs, Puzzle, Apybara, Arcane Finance, and Aleo Name Service.
This announcement underscores Aleo’s commitment to building a robust and secure network from the outset.
“Aleo’s decision to select Coinbase for day one support is another signal to the market that users want autonomy in their experiences, and for some, that means backing technologies that prioritize privacy,” said Lewis Han, Head of Developer Sales at Coinbase. “ We are excited to support Aleo’s mainnet launch by integrating our staking services in the genesis set of validators, helping to build a more secure and user-centric onchain ecosystem.”
The launch of Aleo’s mainnet breathes life into the need for a more secure internet, where user data privacy takes precedence. As the Aleo ecosystem continues to build, zero-knowledge will finally find its footing in the mainstream. To learn more about Aleo, please visit www.aleo.org.
About the Aleo Network Foundation
The Aleo Network Foundation is a Wyoming-based non-profit 501c4 organization created to guide and support the Aleo Network, focusing on open-source governance, developer engagement, and promoting zero-knowledge cryptography applications.
About the Aleo Network
The Aleo Network is a decentralized and leading developer platform for building secure, scalable, and cost-effective decentralized applications. Using zero-knowledge cryptography, Aleo moves smart contract execution off-chain to enable new use cases for applications like identity, finance, and gaming, scaling to thousands of transactions per second. Built on a decentralized, permissionless blockchain, Aleo brings the flexibility of Ethereum with a more scalable architecture that’s designed from the ground up for privacy.
Contact
Senior PR Manager
Patrick Kennedy
Serotonin
patrick@serotonin.co
Dubai, UAE, September 18th, 2024, Chainwire
Cypher Capital, a multi-strategy crypto investment firm, today announced its role in a $15 million seed funding round for Hemi Labs, a modular blockchain network unifying Bitcoin and Ethereum. Hemi Labs will use the funds to develop and launch the Hemi Network, utilizing funds from Cypher Capital to advance blockchain technology and enhance interoperability by developing a unified supernetwork.
The round comes after Hemi’s recent incentivized testnet launch, and a mainnet launch targeted for Q4 2024. Participation from numerous investors includes Binance, Breyer Capital, Big Brain Holdings, Crypto.com, HyperChain Capital, Alchemy, SALT Fund, Kelly Capital, Sunflower Capital, DNA Fund, Web3 Ventures, Quantstamp, TRGC, UTXO, Artichoke Capital, SNZ Holding, Capital6, IBG Capital, Protein Capital, MON Ventures, SV5, Impossible Finance, Jihan Wu (Bitdeer), and George Burke (Portal), among others.
“Hemi Labs is at the forefront of blockchain interoperability,” said Vineet Budki, CEO of Cypher Capital. “Their approach to integrating Bitcoin and Ethereum into a cohesive supernetwork addresses key scalability and security challenges, and our investment aligns with their mission to transform blockchain infrastructure and unlock new possibilities for decentralized applications.”
Unlike traditional efforts to integrate Bitcoin and Ethereum within their own ecosystems, Hemi Labs is developing a unified supernetwork. Hemi Network will include the Hemi Virtual Machine (hVM), integrating a full Bitcoin node within an Ethereum Virtual Machine (EVM), allowing developers to create cross-chain smart contracts with familiar tools while ensuring compatibility with existing EVM dApps and wallets. The Hemi Bitcoin Kit (hBK) facilitates direct smart contract access to granular Bitcoin state for advanced Bitcoin-native applications such as staking and lending markets.
The network also boasts Superfinality through Hemi’s Proof-of-Proof (PoP) consensus mechanism, ensuring Bitcoin-level security in a decentralized, permissionless manner and provides Bitcoin-security-as-a-Service to other blockchain networks. Hemi’s Tunnels will offer trustless cross-chain portability, improving upon traditional bridge methods. Additionally, Hemi will feature on-chain routing, time-lock, password protection, and gasless transfers for seamless asset movement without relying on native chain currencies.
“The quality and enthusiasm of our investors and partners reflect the groundbreaking nature of what we are building,” said Jeff Garzik, Co-founder of Hemi Labs. “We are well positioned to advance blockchain technology by creating a supernetwork that marries the capabilities of Bitcoin and Ethereum, and Cypher Capital’s support is crucial to that success as they share our vision for the ecosystem.”
About Cypher Capital
Cypher Capital is a leading early-strategy venture firm focused on investing in Web3 infrastructure and applications that will drive the new digital economy. Guided by environmental, social, and governance for every investment decision, Cypher is shaping the future of digital currency, public markets, and Web3.
Website | Blog | LinkedIn | Telegram | Instagram | Facebook | Youtube | X
About Hemi
The Hemi Network (“Hemi”) is a modular blockchain powered by Bitcoin and Ethereum that provides superior scaling, security, and interoperability. Hemi views Bitcoin and Ethereum as components of a broader supernetwork, unlocking new levels of programmability, portability, and potential. Hemi Labs is a leading developer of Web3 infrastructure and tooling, founded by renowned Bitcoin developer Jeff Garzik, and blockchain security pioneer Max Sanchez. Learn more at https://hemi.xyz/.
Contact
Media Manager
Shameem Sha
shameem@cyphercapital.com
Singapore, Singapore, September 18th, 2024, Chainwire
Parachains and developers can register now to test NFT XCM functionality and get an exclusive first look at this innovation in action.
Unique Network has announced it will be launching the first developer environment for NFT XCM transfers (Cross-Chain NFTs), starting with two major networks for developers and parachains in the Polkadot ecosystem. Using NFT XCM’s technology at the start of the developer environment, blockchain developers can move NFTs between Asset Hub, and Unique Network. Interested parachains can be added to the developer environment to develop NFT XCM functionality.
What is NFT XCM?
NFT XCM is a groundbreaking initiative developed by Unique Network, designed to simplify the transfer of NFTs (Non-Fungible Tokens) across parachains. By enabling seamless movement between different chains, NFT XCM is not just expanding accessibility but also unlocking new possibilities for creators, developers, and users alike.
NFT XCM extends the limits of Web3 games and NFT collections, supporting greater use cases and making non-fungible tokens available to a larger group of on-chain users. Unique Network invites parachains, and developers to register their interest in the upcoming testing phase of NFT XCM transfers, to demonstrate its efficacy and explore applications for the technology.
NFT XCM utilizes Polkadot’s Cross-Chain Messaging, the messaging format and language used to communicate between consensus systems.
Developers and parachains interested in testing NFT XCM transfers are encouraged to register their interest via this form. Polkadot parachains will be added to the developer environment to develop and test NFT XCM functionality. EVM teams interested in pioneering EVM implementations of the technology in a development/test environment are also invited to register their interest.
Following the development work of NFT XCM, the Unique Network team unveiled the Cross-Chain NFTs Think Tank earlier this year at Polkadot’s Sub0 conference. This initiative is designed to foster collaboration, drive innovation, and explore new use cases for Cross-Chain NFTs within the Polkadot ecosystem. Leading projects, such as Acala Network and Zeitgeist, are already exploring ways to integrate Cross-Chain NFTs into their own projects.
Alexander Mitrovich, CEO of Unique Network shared:
This milestone represents not just technical progress but the unification of an ecosystem. NFTs are no longer confined to one parachain; we’re building a future where they can flow freely across multiple chains.”
The importance of cross-chain interoperability for assets such as NFTs was first highlighted in the Polkadot Whitepaper by Polkadot creator, Gavin Wood. The launch of XCM v3 in May of 2022 introduced this capability but was only viable for Fungible Tokens (FTs). NFT XCM is a breakthrough that will enable users to seamlessly transfer digital assets between Polkadot parachains, making NFTs more accessible and versatile than ever.
Following this, Chief Marketing Officer at Unique Network, Charu Sethi discussed the company’s efforts to foster collaboration and streamline the NFT ecosystem across Polkadot’s various blockchain networks.
As we advance NFT XCM technical capabilities, it’s critical to address the complexity and fragmentation within the ecosystem. We are now working on organizational bridges and aligning leadership across all NFT blockchains in Polkadot.
About Unique Network
Unique Network is the first NFT chain built on Polkadot and Kusama, offering the most sustainable and green NFTs with advanced features for gaming, art, and fan engagement.
Unique Network offers unparalleled customization, scalability, and interoperability, making it the ideal platform for advanced and innovative NFT applications.
Users can learn more here: https://unique.network
Contact
Chief Marketing Officer
Charu Sethi
Unique Network
cs@unique.network
G, H, September 17th, 2024, Chainwire
Basebet.io, the leading blockchain-powered casino and sportsbook, is excited to introduce the $BBT token. The $BBT token provides players with access to staking opportunities, VIP program acceleration, and enhanced jackpot features, creating new avenues for engagement on the platform.
The pre-sale for the $BBT token begins Wednesday at 10 AM EST, offering early participants exclusive bonuses.
What Is $BBT?
The $BBT token is integrated into the Basebet.io platform, allowing holders the chance to benefit from high-yield staking, expedited VIP progression, and increased jackpot opportunities. Users can leverage these features for more seamless participation in the Basebet.io ecosystem.
Key Features of $BBT:
- Staking Opportunities: Token holders can participate in Basebet.io’s staking program, which provides returns aligned with industry standards.
- Accelerated VIP Progression: Level Up Faster- Holding $BBT enables faster advancement through Basebet.io’s VIP ranks, unlocking benefits such as cashback, rakeback, and access to exclusive events.
- Enhanced Jackpot Opportunities: Players betting with $BBT get more chances to hit those massive jackpot wins. With every bet, you’re increasing your chances for bigger payouts, making $BBT perfect for high-rollers looking for that next big win.
Additional Benefits for $BBT Holders:
- Access to exclusive VIP tournaments and high-stakes events.
- Participation in Basebet.io’s referral program, offering lifetime commissions and potential earnings of up to $4,000 per referral.
Deflationary Token Model
The $BBT token operates under a deflationary model, aiming to support long-term value. A portion of platform profits is allocated for buybacks, liquidity, and staking rewards, designed to foster a sustainable token economy.
Pre-Sale Information
The $BBT token pre-sale starts Wednesday at 10 AM EST, giving early participants access to exclusive bonuses and discounted rates. Those who want to join should visit Basebet.io and follow the easy steps to purchase $BBT tokens. Pre-sale participants will enjoy exclusive bonuses and additional rewards before the token officially launches.
Key Features of $BBT’s Tokenomics
The $BBT token offers more than just in-game utility; it is designed to evolve alongside the Basebet.io ecosystem. Here are some key features supporting its long-term potential:
- Deflationary Model: A portion of platform profits is allocated to buybacks and token burns, helping to manage the circulating supply.
- Staking Rewards: 2% of platform profits are distributed as rewards to users participating in the staking program.
- Liquidity Growth: 3% of platform profits are directed toward liquidity, contributing to a stable market environment for $BBT.
Proven Success of Basebet.io
Prior to the $BBT launch, Basebet.io has achieved notable growth milestones:
- Over 560 holders of Gatos NFTs, with a low sell-off rate, demonstrating community confidence.
- USD 10 million in platform volume since the mainnet launch in June.
- An active community supporting the platform’s future development.
About Basebet.io
Basebet.io is a blockchain-based casino and sportsbook offering over 10,000 games and extensive sports betting markets. Focused on transparency and security, Basebet.io uses blockchain technology to ensure a fair and decentralized gaming experience. The platform integrates user rewards, NFTs, and a robust token ecosystem to enhance player engagement
Users can stay connected with Basebet.io on social media:
Twitter: https://x.com/Basebetio
Discord: https://discord.com/invite/basebetio
Telegram: https://t.me/Basebetio
Contact
Basebet
partners@basebet.io
Panama City, Panama, September 16th, 2024, Chainwire
Bitlauncher, the groundbreaking platform at the intersection of Artificial Intelligence (AI) and cryptocurrency, is thrilled to announce its presale event starting on September 16th, 2024, with a goal to raise $150,000. This presale offers enthusiasts and investors an opportunity to shape the next wave of global AI unicorns.
The Bitlauncher platform is designed to revolutionize the way open-source AI projects secure funding and organizational support through a unique token-based system. By participating in this presale, contributors are purchasing tokens with the opportunity to support the potential of AI in shaping various industries and societies.
This event is not just about funding; it’s a call to action for AI-first developers, marketers, and technology enthusiasts to join Bitlauncher’s vibrant community. They are creating a robust decentralized autonomous organization (DAO) where each member contributes to and benefits from the collective potential growth and success of AI innovations.
One of the first projects to launch on the platform is Masterbots.ai, a direct competitor to ChatGPT. Masterbots.ai is designed to improve how users interact with AI, providing domain-specific chatbots that simplify user interaction and enhance user experience. Unlike traditional models that require sophisticated prompt engineering, Masterbots offers streamlined, high-quality responses with minimal user effort.
Masterbots.ai also introduces a novel social dimension to AI interactions by making public the sharing of conversations. This feature not only aids in research and community building but also creates a dynamic, engaging platform where users can follow intriguing discussions and learn from shared knowledge.
With the upcoming launch of our DAO and the continuous development of innovative projects like Masterbots, Bitlauncher is poised to become a pivotal platform for anyone looking to influence the future of AI and blockchain technology.
Users can join this exciting venture to not only witness but actively participate in the unfolding of cutting-edge technology. Together, they can pave the way for a new era of decentralized, transparent, and community-driven innovation.
About Us
Bitlauncher is a launchpad revolutionizing AI and cryptocurrency by providing open-source AI projects with equitable fundraising and decentralized organization through blockchain technology. They empower AI startups to grow and leverage global resources, fostering transparency, inclusivity, and community-driven progress.
For more details on how to participate in the presale and to become an integral part of the growing community, users can visit Bitlauncher’s official website.
Contact Information:
Media Relations
Email: press@bitlauncher.ai
Email: community@bitlauncher.ai
Web: www.bitlauncher.ai
Web: www.masterbots.ai
Please note that U.S. investors and individuals from countries under U.S. sanctions or other specific jurisdictions may not be eligible to participate in this presale. For more details on eligibility, please visit our website or contact our legal team.
Contact
Founder
Jun Dam
Bitlauncher
jun@bitlauncher.ai
New York, NY, September 17th, 2024, Chainwire
- tBTC on EigenLayer offers users new restaking opportunities to earn rewards as Bitcoin demand outpaces other crypto markets
- EigenLayer’s adoption of tBTC spotlights tBTC’s role as one of the most decentralized assets for securely growing the BitcoinFi ecosystem
Threshold Network, the DAO behind tBTC, the first decentralized asset bridging Bitcoin and Ethereum, announced that EigenLayer, the restaking protocol built by Eigen Labs, has officially started accepting tBTC deposits, making tBTC the first incentivized bitcoin asset on EigenLayer.
Threshold’s integration with EigenLayer underscores the BitcoinFi community’s outpaced demand for staked Bitcoin—a major shift towards maximizing the full earning power of Bitcoin for users,” commented MacLane Wilkison, Contributor to Threshold. “It is a testament to tBTC’s strength in securing the BitcoinFi ecosystem through the diversification of assets available. To date, leading protocols including Curve, GMX, and Compound, among others, have integrated the asset for its flexibility as one of most decentralized wrapped assets on the market.”
The Threshold Network DAO, which governs tBTC, offers incentives of up to $45K in T over the first 3 months for new users who deposit tBTC into EigenLayer. With Eigenlayer, users have a new way to maximize capital efficiency: opting in to secure additional protocols through restaking. This method strengthens economic security by leveraging Bitcoin’s stability—an asset that accounts for over 50% of the total crypto market cap—and merging its long-term non-inflationary nature with the Proof of Stake (PoS) consensus model. Notably, restaking just 7% of Bitcoin’s total supply would provide the same level of economic security as Ethereum, underscoring Bitcoin’s potential as a PoS asset.
“The inclusion of Threshold’s tBTC as a restakeable asset on EigenLayer is another major step forward towards open innovation by building connectivity with the bitcoin ecosystem, broadening the scope of assets that can contribute to securing decentralized networks, and providing greater optionality and utility for AVSs and restakers,” stated Sreeram Kannan, Founder and CEO of Eigen Labs.
Following the emergence of Bitcoin staking projects like Babylon, Lombard, and Acre, EigenLayer’s adoption of tBTC is a testament to the power of Bitcoin restaking in incentivizing users to put Bitcoin to use beyond a store of value. tBTC’s ability to bridge the Bitcoin and Ethereum ecosystem makes it the optimal solution for driving the development of the BitcoinFi ecosystem.
About Threshold Network:
Threshold Network offers decentralized cryptography services that enhance privacy and security on public blockchains by distributing operations across independent nodes. Powered by the T token, users can stake and operate nodes to support key services like tBTC, a Bitcoin bridge, and TACo, an access control tool. By minimizing reliance on centralized entities, Threshold ensures trustless, secure, and privacy-focused solutions for decentralized applications in the evolving Web 3.0 landscape. To learn more, please visit: https://threshold.network/
About EigenLayer:
EigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through a system of interconnected smart contracts, any ERC-20 token, such as tBTC, can be “restaked” to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt into these opportunities by running additional node software and in some cases grant the EigenLayer smart contracts the ability to impose additional slashing conditions on their assets as specified by the AVS.
Contact
M Group on Behalf of Threshold
tkaufmann@mgroupsc.com
Chicago, United States / Illinois, September 17th, 2024, Chainwire
Leading Crypto Liquidity Provider BlockFills Integrates NCFX’s Benchmark Data to Deliver Unmatched Quality and Service to Institutional Clients.
- BlockFills expands its product suite with NCFX data and analytics feed to offer industry-leading benchmark data.
- Institutional investors need reliable crypto data as markets continue to evolve.
BlockFills, a global leader in crypto trading solutions and financial technology, is pleased to announce a strategic partnership with New Change FX (NCFX), a distinguished provider of independent regulated FX benchmark data and crypto reference rate data. This collaboration will further cement BlockFills’ position as delivering a full range of best-in-class products and services designed to meet the sophisticated needs of institutional clients in the digital assets space.
As the financial landscape continues to evolve, institutions are increasingly seeking robust, data-driven insights to inform their trading strategies. By integrating NCFX’s market-neutral data and analytics into its offering, BlockFills is not only expanding its product suite but also reinforcing its commitment to providing the highest quality service at the exacting standards of traditional finance within crypto markets.
Nick Hammer, CEO of BlockFills, stated: “Our goal is to be the premier destination for institutions in the digital assets sector. Our partnership with NCFX enables us to bring an unparalleled range of products and services under one roof, all delivered with the white glove service our clients expect. We are bringing the quality and reliability of traditional finance into the rapidly growing crypto space, setting a new standard for institutional-grade offerings.”
Paul Lambert, CEO of New Change FX, added: “Collaborating with BlockFills allows us to extend the reach of our high-quality, independent data to a broader audience in the digital assets market. Together, we are enhancing the tools available to institutions, enabling them to make more informed decisions with the confidence that comes from using industry-leading benchmark data.”
BlockFills will be present at the Token2049 event in Singapore on September 18-19, 2024, and the Forex Dubai Conference on October 7-8, 2024, for those interested in learning more.
About BlockFills
BlockFills is a global prime brokerage, technology and trading firm offering access to the digital asset markets. We provide liquidity, technology and clearing of digital assets for professional and institutional clients. Clients include principal trading groups, exchanges, hedge funds both traditional and crypto-only, banks, asset managers, OTC desks and active traders
For more information users can visit BlockFills’ Website | Twitter | Linkedin
About New Change FX
New Change FX is an independent company dedicated to the measurement of foreign exchange and crypto pricing to deliver transparency and eliminate costs. New Change FX calculates independent benchmark rates which are published in real-time and used to support live trading processes. NCFX doesn’t offer market access, trading or brokerage services and therefore users cannot directly influence the NCFX Benchmark calculation process. To find out more users can visit www.newchangefx.com.
NCFX can be found on the FCA financial services register with firm reference number 793983. The FCA is the sole regulatory supervisor for NCFX.
For more information, users can contact:
Kinga Broel-Plater
Chief Commercial Officer
E-mail: kinga.broel-plater@newchangefx.com
Contact
Director of Marketing
Jessica Darmoni
BlockFills
data@blockfills.com