chainwire

London, united kingdom, November 22nd, 2024, Chainwire

The memecoin market is evolving rapidly, with Pepeto ($PEPETO) emerging as a project focused on supporting and integrating all memecoins through its multifaceted ecosystem. Offering features such as a zero-fee trading platform, a blockchain bridge, and a swap solution, Pepeto aims to enhance interoperability, accessibility, and liquidity in the memecoin space.

With its presale price currently set at $0.000000093 and a total token supply of 420 trillion, matching that of Pepe, Pepeto seeks to establish itself as a competitive player in the memecoin ecosystem as it builds out its platform.

A Revolutionary Ecosystem for Memecoins

Pepeto distinguishes itself with an ecosystem designed to address the unique challenges of the memecoin market:

• Zero-Fee Cross-Chain Trading: Seamlessly trade across blockchains without incurring fees, promoting accessibility for all investors.  
• Advanced Bridge Functionality: Pepeto’s bridge ensures interoperability between blockchains, creating a unified trading environment for memecoins.  
• Token Listing Platform: Supporting token owners by providing a space to list and promote assets, facilitating collaboration and enabling liquidity within the memecoin ecosystem.
• Swap Platform: Designed for quick and efficient transactions, offering users the tools needed for an evolving market.  

These features aim to provide both token holders and developers with practical utilities while promoting wider adoption of memecoins.

Pepeto Hits $600K in Viral Crypto Presale 

Pepeto’s presale has reached a remarkable milestone, surpassing $600,000, which the team sees as a reflection of strong community interest. Positioned as an early-stage project with a presale price of $0.000000093, Pepeto’s total supply of 420 trillion tokens mirrors the well-known Pepe coin. This milestone highlights the growing engagement around Pepeto’s ecosystem-driven approach.

Tokenomics Supporting Community Growth

Pepeto’s token distribution strategy reflects its commitment to balanced growth:

• Presale: 30%  
• Staking: 30%  
• Marketing: 20%  
• Project Development: 7.5%  
• Liquidity: 12.5%  

This allocation supports both immediate project needs and long-term sustainability, incentivizing early participants and fostering ongoing community involvement.

A Growing Community and Early Opportunities

X POST: https://x.com/Pepetocoin/status/1859961228304769189

With a focus on utility and scalability, Pepeto is positioning itself as a significant player in the memecoin space. The project has attracted a rapidly expanding community and is preparing for the anticipated 2025 bull run by enhancing its ecosystem for both new and established memecoins.

Conclusion

As the crypto market prepares for its next cycle, Pepeto positions itself as a project focused on integrating memecoins within its ecosystem. By offering tools such as a blockchain bridge, exchange, and zero-fee listing platform, Pepeto aims to provide practical value to users and developers. The project’s mission to support interoperability and accessibility underscores its vision for long-term utility in the memecoin space.

About Pepeto

Pepeto is a memecoin project designed to integrate cross-chain utility with community-driven development. Offering zero-fee trading, blockchain bridge functionality, and a staking rewards program, Pepeto seeks to combine accessibility with practical features. The project emphasizes interoperability and long-term value, fostering a dedicated user base through its ecosystem innovations and community-focused approach.

For more information about Pepeto, users can visit the official website https://pepeto.io

Disclaimer

Pepeto.io is the sole official platform for purchasing Pepeto tokens. Investors are encouraged to exercise caution and avoid unofficial sites. For accurate information, visit https://pepeto.io.

Contact

Head of MK
Baker Uccio
contact@pepeto.io

Berlin, Germany, November 22nd, 2024, Chainwire

Catslap (SLAP), a new Ethereum-based meme coin, has launched on the Uniswap DEX. The coin debuted with 1,400+ transactions in the first 24 hours, with its price rising over 1,500%. 

Catslap Debuts with Fair Launch & Strategic Token Distribution

Catslap launched on November 21 at 2pm UTC through a fair launch model, where all traders had equal opportunity to buy SLAP tokens at the initial price. The coin’s tokenomics structure includes a total supply capped at 9 billion SLAP. As outlined in Catslap’s whitepaper, half of the supply has been used to provide liquidity on Uniswap, and liquidity has been locked for 60 days. The remaining SLAP tokens will be used for staking rewards, community rewards, the development fund, and the development team.

Catslap’s team allocation will be vested for ten years.

Regarding the staking rewards, Catslap features a built-in staking app that allows token holders to lock up their SLAP coins to potentially earn. Tokens must initially remain staked for 90 days. Catslap’s social channels have seen engagement following the coin’s launch. The project’s Twitter page has grown to 1,500 followers, while the official Telegram channel has seen many new members.  

Catslap Trading Data & Gameplay Features

Since its launch, Catslap’s price has risen to $0.0019, and the coin’s market cap has expanded to $18.5 million. That represents a 1,500% increase from its initial price. However, Catslap was up by over 2,000% before pulling back in the past few hours.

The token has also attracted 880+ holders worldwide. Its zero-tax tokenomics and SolidProof smart contract audit are part of SLAP’s technical framework. Catslap follows the traditional meme coin model yet includes a browser-based game where users can virtually “slap” Pepe the Frog.

 A leaderboard tracks the number of slaps conducted by members of each country in real-time. The leaderboard shows 358,000+ slaps since launch. Catslap was also featured in a video from the 99Bitcoins team, which reviewed the SLAP token and discussed its Uniswap launch.

About Catslap

Catslap is a meme coin on Ethereum that features a browser-based game where users can “slap” with an animated cat. It was listed on the Uniswap DEX on November 21 via a fair launch approach. Users can visit the Catslap website here.

Contact

Catslap
info@catslaptoken.com

Grand Cayman, Cayman Islands, November 22nd, 2024, Chainwire

Sui drives blockchain innovation with support from global leader in asset management

The Sui Foundation, the independent organization dedicated to the advancement and adoption of Sui, the innovative Layer 1 and smart contract platform, today announced a strategic partnership with Franklin Templeton Digital Assets. Franklin Templeton Digital Assets has been investing in the Sui ecosystem, and believes this strategic partnership will provide further benefit toward that effort by seeking value creation opportunities to allow builders of Sui blockchain-based solutions to deploy novel technologies leveraging the Sui blockchain protocol. 

“Sui was originally inspired by some of the challenges Franklin Templeton Digital Assets is helping to solve, particularly those that exist within decentralized finance today,” said Jameel Khalfan, Head of Ecosystem Development. “Their interest in Sui’s groundbreaking technology feels not only validating, but as though Sui has come full circle.” 

Franklin Templeton Digital Assets has been engaged for the past few years in building blockchain-based technology solutions, running node validators, and developing a wide range of investment strategies. The firm’s dedicated digital assets research team leverages fundamental “tokenomic” analysis, insights from an embedded data science team and deep industry connections to help inform product development and investment decisions.

“For the past decade, blockchain technology has captured public attention from technologists and economists alike, but often runs up against technical limitations. We are excited for what the Sui team is building,” said Tony Pecore, SVP / Director of Digital Asset Management at Franklin Templeton. 

Examples of impressive projects being built in the Sui ecosystem include DeepBook on Sui, called DeFi’s answer to a central limit order book, or what exchanges use to facilitate buying and selling between traders by recording bids and offers, as well as Karrier One, the decentralized mobile carrier behind the Karrier One DePin network, and Ika, a parallel MPC network that enables seamless and secure cross-chain interactions. 

As a secure and scalable platform for building the future of intelligent assets, Sui has already become a premier destination for application builders in gaming, DeFi, memecoins, as well as real-world applications such as 3D printing and tokenized securities. Most recently, native USDC launched on Sui, enabling users to have direct access to one of the most widely used stablecoins globally while removing the added complexities and risks caused by bridged assets.

Contact

Sui Foundation
media@sui.io

George Town, Grand Cayman, November 22nd, 2024, Chainwire

Zircuit, the chain where innovation meets security, today announced its ZRC Token Launch on Monday, November 25th—a key step in building a thriving, decentralized ecosystem. 

ZRC serves as the foundation of Zircuit’s architecture, enabling participants to receive additional rewards, participate in network app fair launches, and drive its growth. As the ecosystem’s cornerstone, ZRC aligns incentives across developers and users, fostering active collaboration and innovation.

The ZRC launch follows a series of notable achievements for Zircuit, including the successful rollout of Mainnet, a $2 billion TVL ecosystem, the groundbreaking EIGEN fairdrop with over 190,000 participants, the liquidity hub launch, and strategic investment from Binance Labs, Pantera, and other strategic partners. Together, these milestones underscore Zircuit’s position as a leader in decentralized finance and staking.

“The ZRC token is more than a milestone; it’s a gateway to the decentralized future we’ve been building at Zircuit,” said Martin Derka, co-founder of Zircuit. “By aligning incentives across our ecosystem, ZRC empowers developers and users to shape the network collaboratively.”

Designed with transparency and accessibility in mind, the ZRC Token Launch ensures participants can seamlessly engage with staking partners through Seasons 1-3 of Zircuit’s ecosystem. This includes staking through the Liquidity Hub, offering the potential to earn rewards.

Zircuit protects users from hacks through its built-in, automated AI techniques that guard users against smart contract exploits and malicious actors. This system automatically guards against smart contract exploits and malicious actors, making Zircuit one of the safest blockchain platforms available. As the safest chain for DeFi and staking, Zircuit is the premier liquidity hub for various assets, including ETH, BTC, LSTs, and LRTs, while providing robust security guarantees. Zircuit’s strong infrastructure allows users to earn competitive yields natively, combining safety with attractive returns.

Users can explore the ZRC token’s role in Zircuit’s ecosystem by engaging with staking and reward opportunities through the Liquidity Hub. For more information, users can visit zircuit.com and follow Zircuit on Twitter/X at @ZircuitL2.

About Zircuit

Zircuit: Where innovation meets security, designed for everyone. Zircuit offers developers powerful features while giving users peace of mind. Designed by a team of web3 security veterans and PhDs, Zircuit combines high performance with unmatched security. Experience the safest chain for DeFi and staking. To learn more about Zircuit, visit zircuit.com, and follow us on Twitter/X @ZircuitL2.

Contact

Head of Communications
Jennifer Zheng
Zircuit
jen@zircuit.com

Palo Alto, California, November 21st, 2024, Chainwire

Integration to enhance DeFi use cases on Aptos, expand interoperability, and streamline global payment solutions for merchants.

Aptos Foundation today announced the upcoming integration of Circle’s native USDC and Cross-Chain Transfer Protocol (CCTP) on the Aptos Network, as well as Stripe adding support for Aptos in its crypto products. These integrations make Aptos the home for interoperable DeFi and the fastest, cheapest, and most reliable enterprise-grade blockchain, further expanding its global financial ecosystem. 

The integration of Aptos into Stripe’s crypto onramp and payouts products, paired with native USDC, will provide reliable fiat on and off-ramps for the Aptos network, streamline merchant pay-ins and payouts, and offer a seamless connection between traditional finance and blockchain technology. 

Today, USDC is the largest regulated dollar-backed stablecoin with over $37B in circulation. With more than $160M in circulation on Aptos, bridged USDC is the most prevalent stablecoin available on the network. With this integration, native USDC will be issued through the regulated entities of Circle directly on the Aptos network and CCTP will enable developers to design cross-chain experiences by connecting their Aptos apps to the network of supported blockchains. 

Bridge providers such as Stargate, built on LayerZero, will provide a smooth transition from the existing bridged USDC on Aptos to native USDC over time. There are no immediate changes to the AptosBridge built on LayerZero, and it will continue to operate as normal. 

Additionally, ahead of the native launch of USDC, bridged USDC from the AptosBridge will be renamed to “lzUSDC” on block explorers. There will be outreach to ecosystem apps to encourage them to make the same change in their app UI and documentation.

The launch of CCTP will bring new levels of interoperability to DeFi on Aptos, enabling secure and efficient native USDC transfers. With the addition of Aptos, CCTP will support nine blockchains – including Arbitrum, Base, Ethereum, and Solana —and 72 routes with 1:1 capital efficiency. This move will allow for seamless cross-chain onboarding, swaps, purchases, treasury rebalancing, and more – all while maintaining an accessible and intuitive user experience.

With the addition of Aptos to Stripe’s crypto products, users will be able to seamlessly convert fiat currencies into USDC, directly through Aptos-enabled wallets. This integration will enable the use of USDC for Stripe’s global network of businesses. The combination of Stripe’s payment tools and Aptos’ scalable network unlocks new opportunities for global merchants and payment providers to process transactions faster, more securely, and at lower costs.

“Adding support for the Aptos blockchain inside our crypto products broadens consumer and merchant access to more efficient global fund flows with stablecoins; whether it be a retailer accepting payments from around the world, or a platform paying creators no matter where they are,” said John Egan, Head of Crypto at Stripe. “This collaboration brings Stripe’s global network together with the power of the Aptos blockchain, opening new avenues for both merchants and consumers to access efficient, stablecoin-based payments.”

“The DeFi ecosystem on Aptos has grown to five times its original size in the past year alone, and it’s clear why,” said Nikhil Chandhok, Chief Product Officer at Circle. “Aptos has emerged as a highly efficient way to move money across the globe. The arrival of native USDC and CCTP will only enhance this, and further the vision we share with the Aptos Foundation team of a future where secure digital dollars create a more accessible economy for everyone.” 

“USDC and CCTP are the gold standards in DeFi, and Stripe is among the most trusted names in financial infrastructure,” said Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation. “Circle and Stripe’s integration of Aptos moves the needle in creating a more accessible, secure, and decentralized future of finance. We’re all looking forward to this integration, and are eager to see what the incredible builders in the Aptos ecosystem make possible with this powerful new technology in their toolkit.” 

“Aptos makes the globally connected economy accessible to everyone by simplifying the movement of economic value,” said Mo Shaikh, CEO of Aptos Labs, which provided technical expertise for the integrations. “I’m looking forward to seeing Aptos becoming a unifying force in the global economy, providing infrastructure that enhances payment efficiency while bringing the peer-to-peer money movement to life for its ecosystem and builders.”

For more information about Aptos Foundation and DeFi on Aptos, visit: https://aptosfoundation.org/ecosystem/projects/defi. 

About Aptos Foundation

Aptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses.

About Aptos Network

Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Please visit https://www.aptosfoundation.org for more information on the Aptos blockchain.

About Circle

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Through its regulated entities, Circle is the issuer of USDC and EURC – highly liquid, interoperable, and trusted money protocols on the internet. Circle’s open and programmable platform and APIs make it easy for organizations to run their internet-scale business, whether it is making international payments, building globally-accessible Web3 apps or managing their internal treasury. Users can learn more at https://circle.com.

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Headquartered in San Francisco and Dublin, the company aims to increase the GDP of the internet.

Contact

Communications Lead
Hannah Noyes
Aptos Labs
hannah@aptoslabs.com

London, United Kingdom, November 21st, 2024, Chainwire

Ike is proud to announce the official launch of its Liquid Staking Token (LST), sA0, on Aleph Zero. This milestone provides the Aleph Zero community with a new way to engage with the network by offering staking flexibility without compromising on rewards.

What Is sA0?

sA0 is Ike’s native Liquid Staking Token, designed to enhance the staking experience on Aleph Zero. With sA0, users can stake their AZERO tokens to support network security and earn rewards, all while keeping their assets liquid. This means they can use sA0 tokens across Aleph Zero’s ecosystem, unlocking new opportunities for participation and growth. Meaning, sA0 empowers users to “stake and use” at the same time. 

sA0 Benefits

• Liquidity Meets Rewards: Users receive sA0 tokens in exchange for their staked AZERO, enabling them to stay liquid while continuing to earn rewards.
• Smooth Integration: sA0 seamlessly integrates with Aleph Zero’s growing DeFi ecosystem, creating more utility and value for stakers.
• Stronger Network Security: By encouraging greater participation in staking, sA0 supports the overall security and resilience of the Aleph Zero network.

Building Toward Progressive Decentralization

The launch of sA0 is a significant step in Ike’s roadmap toward progressive decentralization. Ensuring most of the slots are open for permissionless entry when governance live, Ike launched with 7 initial validators including Deutsche Telekom & STC Bahrain. As part of this journey, Ike will soon introduce community-driven governance features, including permissionless validator registration, initially scaling to have 30 slots with a fully transparent on-chain bonding process. This will enable a dynamic and competitive validator ecosystem, with the community playing a central role in decision-making.

Stephen Novenstern, Founder at Ike, commented:

“The mainnet launch of sA0 marks an exciting moment for both Ike and the Aleph Zero community. sA0 offers a powerful tool for staking while maintaining liquidity, and it’s just the beginning of our commitment to building a decentralized, community-driven ecosystem. 

From the inception of the Ike Project, we wanted to build a Liquid Staking Protocol that wouldn’t just unlock staked liquidity; we wanted to put the Ike DAO in control of what percentage each Validator gets, and for it to be permissionless to get on the [Validator Registry] list.”

What’s Next?

With sA0 now live, Ike invites the Aleph Zero community to explore the benefits of liquid staking. In the coming months, Ike will focus on expanding the utility of sA0 within the ecosystem and rolling out governance features that further empower the community to shape its future. Users can see more in the Ike Docs here. 

About Ike

Ike is the home of the sA0 Liquid Staking Protocol smart contracts live on Aleph Zero WASM. Together with the community, validators, and other builders in the ecosystem, they are fundamentally reshaping the network, delivering liquidity at the base layer, composable rewards, increasing participation and ultimately enhancing network security. 

Drawing inspiration from the Japanese art of Ikebana, Ike is committed to fostering a harmonious and resilient ecosystem. By providing users with flexibility and liquidity in their staking journey, Ike empowers the Aleph Zero community to unlock the full potential of their assets while contributing to the network’s growth and stability.

Users can stay updated on the latest developments and engage with other like-minded individuals by joining the Ike Discord community and following on Twitter.

Contact

Director of Growth
Alexios Konstantinidis
Ike
hello@ike.xyz

Abu Dhabi, UAE, November 21st, 2024, Chainwire

Coinshift, a prominent name in onchain treasury management, has launched csUSDL: a liquid lending token (LLT) designed to optimize reward opportunities, security, and transparency for both individual and institutional investors. The announcement follows the release of the new Coinshift Business, which integrates payments and accounting services offered at no charge for DAOs and onchain businesses. 

The innovative treasury product – Coinshift’s first – is backed by USDL, a next-generation, RWA-backed stablecoin issued by Paxos International. Notable for passing yield directly to users, USDL’s unique features include FSRA regulation in ADGM, transparency supported by monthly audited reports and reserves held in US Treasury Bills and cash equivalents. 

csUSDL builds on Paxos’ expertise, honed in prominent RWA projects such as PayPal’s stablecoin PYUSD, to offer users additional potential rewards by connecting to DeFi borrowing and lending protocols. 

Coinshift’s new LLT is built on Morpho, an emerging category leader whose non-custodial protocol allows csUSDL to benefit from lending yields and competitive borrowing rates without intermediaries. Deposits on Morpho’s core product exceed $2 billion in crypto assets. 

Adding to a strong network of strategic partners, csUSDL vaults are curated by Steakhouse Financial. The stablecoin specialists work with leading on-chain companies and DAOs such as Lido and Arbitrum, as well as MakerDAO, where they advise token holders on the management of USDS’s $2 billion treasuries program. 

“No individual or organization should have to compromise between stablecoin features such as reward rates or regulatory compliance,” says Coinshift founder and CEO Tarun Gupta. “With csUSDL, we have found a way to leverage all the potential of the blockchain ecosystem: security, transparency, self-custody, and interoperability. Users no longer need to choose between liquidity and yield.”  

csUSDL is seamlessly integrated with the broader DeFi ecosystem. Users have opportunities to access token incentives from Coinshift, Morpho, and other partners. Future plans include enabling users to enhance their potential earnings through strategies on select DeFi platforms.  

The new LLT is accessible through Coinshift’s platform, which reflects the company’s ongoing commitment to excellent user experience and thoughtful design. “It’s a new era of secure, liquid lending,” says Gupta. 

According to Coinshift’s projections, csUSDL holders may see an annual yield of up to 10%. Boosted by token rewards and DeFi and partner programs, potential APY can far exceed that number, the company says, commensurate to individual user’s engagement and risk profile. 

Coinshift’s stated mission is to bring the value of RWAs into DeFi to drive sustainable, long-term growth for users. “We envision csUSDL becoming an essential component of treasury strategies for businesses and DAOs, too,” adds the CEO. 

Users can discover csUSDL at coinshift.global

About Coinshift

Since 2021, Coinshift manages $1B in Safe accounts and has helped organizations power $1B in payments. An established leader in onchain treasury management, Coinshift’s business platform is used by more than 300 organizations, including Aave, Starknet, Gitcoin, UMA, and Zapper. With csUSDL, Coinshift brings its DeFi and RWA vision and expertise to individuals as well as institutions, empowering all users to take control of their capital – and maximize their potential earnings. 

Coinshift is backed by investments from Tiger Global, Sequoia, ConsenSys, and Polygon.

Contact

Head of Business
Tom Albrecht
Coinshift
tom@multisafe.finance

Luxembourg, Luxembourg, November 21st, 2024, Chainwire

DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem.

The project’s developers project daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million. With low transaction fees and a streamlined user interface, DegenLayer seeks to provide a gateway for mainstream users to engage in blockchain-based trading and creation.

The project’s native token $DELAY was fair launched on Uniswap last week, and is set to be listed on one of the top 15 CoinGecko-ranked exchanges next week, providing access to the token to their 10 million+ user community.

The project is powered by a 60+ person team behind notable successes including PunksClub.io the CryptoPunk social network, Music.com (developed with Pharrell Williams), and AAA games like The Witcher 3 and Dying Light 2. The founding team previously achieved remarkable success with SuperBid, driving token value from $0.01 to $12 in 2021.

“Our proven track record in both Web3 and gaming demonstrates our ability to deliver compelling user experiences,” says Jacob Rylko, Co-Founder & CEO. “With DegenLayer, we’re leveraging our existing reach of 3 million+ users through our Telegram mini-app, Firecoin, to accelerate adoption.”

Key features and projections:

• Innovative “Pump Technology” with 50% of revenue allocated to viral user rewards, $DELAY and memecoin buybacks
• Viral referral program projecting $100,000 daily reward distributions
• Seamless integration with Telegram’s 1B+ user base via a mini app
• One-click memecoin creation and trading interface for non-crypto users
• Transaction fees below $0.01 with 2,000 TPS capacity

DegenLayer’s launch represents a significant milestone in making memecoin trading accessible to mainstream users while leveraging established Optimism infrastructure, the same that is used by Coinbase’s BASE Layer 2.

About DegenLayer

DegenLayer is a trading terminal and Ethereum Layer 2 blockchain designed to make memecoin trading accessible to mainstream users. Built on Optimism technology, the platform offers low-cost, high-speed transactions and a zero setup interface for memecoin trading and creation. Backed by a team with expertise in Web3, gaming, and entertainment, DegenLayer aims to bring innovative blockchain solutions to the global market.

For more information about DegenLayer and its revolutionary approach to memecoin trading, users can visit https://degenlayer.wtf. Media inquiries can be directed to contact@degenlayer.wtf.

Contact

CEO
Jacob Rylko
DegenLayer
contact@degenlayer.wtf

Dubai, United Arab Emirates, November 21st, 2024, Chainwire

Arcana Network is thrilled to announce the launch of the Arcana Wallet Beta, now available on the Chrome Store, setting a new standard in blockchain accessibility and user experience through its pioneering Chain Abstraction Protocol. Built as the first Externally Owned Account (EOA) wallet to leverage Chain Abstraction, Arcana Wallet enables a frictionless, multi-chain experience where users can spend assets across Ethereum, Base, Polygon, Arbitrum, and Optimism seamlessly, with 20+ new chains coming soon.

The Chrome Extension wallet is available at www.arcana.network/wallet

Unified Balance: Spend your assets held across chains, in 1-click, without bridging

Arcana Wallet offers a range of features designed to eliminate fragmentation and provide users with streamlined access to decentralized finance. Through Arcana’s Chain Abstraction protocol, users can now manage their aggregated USDC, USDT, and ETH balances across multiple networks, all in a single wallet interface, and spend these funds instantly on any supported chain without the need for bridging.

“At Arcana, our goal is to reimagine blockchain usability by abstracting the complexities that come with multi-chain interactions. Arcana Wallet delivers an intuitive and effortless experience that allows users to engage with dApps across chains, without technical barriers” said Mayur Relekar, Founder & CEO of Arcana Network.

Key Features of Arcana Wallet

• Unified Balances: Arcana Wallet aggregates assets into a single balance across supported chains, allowing seamless spending without bridging. For example, users holding USDT on Arbitrum and Optimism see a combined balance ready to spend on Polygon or Base.
• EOA Wallet-Based Orchestration: Users can bring their existing EOA address or create a new one, ensuring self-custody. Funds stay in the user’s wallet, without locking up or requiring deposits to another address, maintaining asset security and cross-app accessibility.
• Universal Address Accessibility: Unlike wallets needing app-specific setups, Arcana Wallet retains assets within one wallet, making them accessible across all apps—even those without native chain abstraction support.
• Efficient Gas Payments: Gas fees can be auto-funded in stablecoins (USDT or USDC), eliminating the need to hold native tokens on each chain. Arcana’s optimised protocol keeps gas fees up to 10X lower than traditional solutions that use smart contract accounts.
• Near-Instant Cross-Chain Transactions: Arcana Wallet’s architecture allows transactions to execute within seconds, making it one of the fastest cross-chain transaction tools available. Users can spend assets on multiple chains with one-click transactions, benefiting from improved liquidity and usability.

Expanding dApp and Chain Compatibility

At its Beta launch, Arcana Wallet supports popular dApps, including Uniswap, Aave, Polymarket, Hyperliquid, and Jumper, with compatibility for additional applications and chains on the horizon. From currently supporting Ethereum, Base, Polygon, Optimism, and Arbitrum, the protocol aims to scale support to +20 EVM and non-EVM L1s, L2s, and appchains. Allowing users to manage funds from any of the integrated networks, it will mark a significant step toward a unified blockchain ecosystem.

Arcana’s Chain Abstraction SDK

To cater the developer community, Arcana Network is also launching the Chain Abstraction SDK, enabling developers to implement Arcana’s Chain Abstraction features in their own dApps. The SDK is intended to provide a versatile toolkit for developers to build chainless user experiences and simplify blockchain interactions for end users, helping to grow Arcana’s vision of a unified Web3 UX.

Joining the Arcana Community

As the Arcana Wallet Beta moves through its Testnet phase, feedback from users and partners will help shape the next generation of blockchain interactions.

Users can download Arcana Wallet from the Chrome Store and experience the power of Chain Abstraction: Arcana Wallet Chrome Store

About Arcana Network

Arcana Network is a leading Chain Abstraction Protocol, powered by an Appchain, with the mission to transform the Web3 UX.

Since its inception in 2021, Arcana Network has introduced products that make web3 effortless, with more than 4 million wallets generated, 500,000 active users, and 6 million transactions to date. The upcoming Chain Abstraction Protocol built on a Cosmos Appchain and powered by $XAR, is the next evolution in simplifying Web3.

$XAR is the utility token that captures protocol fees, secures the network, incentivises early adopters, and rewards resource providers.

Arcana Network’s innovative technology is backed by prominent investors, including Balaji S., Polygon founders, John Lilic, Santiago Roel, and investment funds such as Woodstock, Fenbushi, Republic, Polygon Ventures, DCG, LD Capital and others.

Website | Twitter | Telegram | YouTube

Contact

Marketing Manager
Andria Efstathiou
Arcana Network
andria@arcana.network

Sydney, Australia, November 21st, 2024, Chainwire

The GMT DAO, an independent community organization of GMT holders, is excited to announce the launch of the GMT Burn Initiative—an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT holders will vote on the decision to burn up to 600 million GMT, equivalent to 100 million USD, marking this as one of the most ambitious token burns in the web3 ecosystem.

The GMT Burn Initiative reflects the GMT DAO’s commitment to transparency, governance, and sustainable token management. This community-driven approach aligns with the DAO’s goal to shape GMT’s future responsibly and collaboratively.

How It Works:

1. Lock and Vote: GMT holders can participate by visiting burngmt.com, where they can lock their tokens and cast their vote on various proposals, including the first of its kind “GMT Burn Initiative”. Participants will receive an exclusive soulbound ‘Make GMT Great Again’ Red Hat NFT as a token of acknowledgement for their involvement. This NFT will record metadata detailing the claimed and eligible airdrops, as well as the votes cast.
2. Earn Rewards: A total of 100 million GMT will be distributed at the end of the 60-day voting period as rewards to participants, contingent on achieving milestones.
3. On-Chain Transparency: The voting process is recorded on the blockchain, allowing anyone to verify results and ensuring the integrity and transparency of each decision.
4. Regular Voting Cycles: This burn initiative is just the beginning. Moving forward, GMT DAO will introduce new proposals and voting cycles every quarter, giving holders regular opportunities to shape the future of GMT via gmtdao.com. 

This initiative showcases a proactive effort to ensure GMT’s sustainable future, emphasizing innovation and community engagement. The GMT DAO remains committed to true decentralization, empowering GMT holders to shape its direction. By enabling votes on key proposals, including a potential major token burn, the DAO highlights the power of collective input and its dedication to building a strong, thriving ecosystem.

The GMT Burn Initiative marks a new chapter in GMT’s journey, giving every holder a voice. Voting, which starts at 100 GMT, is now open at burngmt.com, inviting all GMT holders to help shape the token’s future.

About GMT DAO

The GMT DAO is an independent organization of GMT holders dedicated to overseeing GMT’s future through transparent and community-led governance. The DAO’s formation represents a commitment to empowering GMT holders with a voice in key decisions, from token management to ecosystem development.

For more information on the GMT Burn Initiative and to participate, users can visit burngmt.com.

About GMT 

GMT sits at the heart of the FSL ecosystem. Exclusively earned through STEPN, this token plays a crucial role across all FSL products. GMT operates on four blockchains—Solana, BNB Chain, Ethereum, and Polygon—and is pivotal in Gas Hero, where it’s used to trade items and burn for NFT level-ups. On MOOAR, all items can be traded using GMT, and it’s also central to primary sale raffle mints with key partners and is used in the newly launched STEPN GO to buy Sneakers and perform various in app functions. 

Contact

GMT DAO
hello@gmtdao.com