London, United Kingdom, October 16th, 2024, Chainwire
Neon EVM Pioneers the Network Extension Category on Solana, Ushering in a New Era of Unified Growth.
Neon EVM, a leading Ethereum Virtual Machine (EVM) on Solana, formally adopts Solana Network Extension as a product category, perfectly capturing the essence of this new category. Network Extensions fill a critical gap in the Solana ecosystem. By offering a formal category for projects that natively extend Solana’s functionalities, Neon EVM provides clarity to developers, investors, and users alike.
Traditionally, the positioning resulted from the inherent nature of Neon EVM and various other projects (MagicBlock, MetaPlex, etc.) since these are not typical Layer 1 or Layer 2 blockchains.
Unlike traditional rollups, L2s, or sidechains, Neon EVM is a program deployed directly on Solana’s blockchain and relies upon its settlement, consensus, and data availability. Today, this makes Neon EVM part of an emerging product category known as Network Extensions—a native, composable expansion of Solana’s core capabilities, stirring up debate.
The controversy sparking the Network Extensions category
Solana’s Network Extensions sparked controversy in September 2024, with co-founder Anatoly Yakovenko calling Ethereum’s L2 solutions “parasitic.” Yakovenko argued that L2s drain liquidity and fragment the ecosystem, a view echoed by Solana advocates who said L2s create a disjointed user experience. In contrast, Yakovenko claimed Solana’s Network Extensions are “natively composable” and enhance the core chain without pulling liquidity. Supporters emphasized that they are not disguised L2s but maintain a direct connection to Solana’s base layer, enabling seamless composability without Ethereum’s issues.
Network Extensions differ fundamentally from L2s.
Unlocking Seamless Ethereum Compatibility on Solana: Neon EVM as a Native Network Extension
Solana sees its Network Extensions as specialised modules that broaden the L1 blockchain’s core functionalities. These extensions natively integrate with the Solana base layer, allowing new capabilities to be added while preserving the core performance and composability of the underlying L1 chain.
Neon EVM epitomises this concept by enabling Ethereum compatibility for dApps while maintaining an execution environment with Solana. Neon isn’t a typical L2—it runs as an EVM (Ethereum Virtual Machine) on Solana’s blockchain, providing compatibility with Ethereum-based applications while remaining fully integrated with Solana’s L1. Unlike Optimistic or ZK Rollups, Neon doesn’t process transactions off-chain, but via Neon Proxy. Instead, it allows developers to deploy Ethereum dApps on Solana, leveraging Solana’s core capabilities— and no Rust coding is needed. Neon EVM seamlessly integrates with Solana at the protocol level and maps Ethereum transactions directly into Solana instructions, leveraging Solana’s advanced Sealevel transactional infrastructure. As a result, dApps running on Neon EVM benefit from Solana’s high-throughput environment and unparalleled scalability, enabling parallel processing and efficient execution.
This technology positions Neon EVM as a key player in enhancing the accessibility and composability of blockchain applications to the Solana ecosystem.
The Solana Foundation team has reiterated Neon EVM’s role as a Network Extension on social media platform X, as seen in the post below, while Anatoly Yakovenko, co-founder of Solana, has clearly stated that Neon EVM is definitely not an L2.
Davide Menegaldo, CCO of Neon EVM and highlights the importance of network extensions, stating, “Network Extensions offer a powerful way to enhance and augment the capabilities of blockchain networks like Solana without the downsides typically associated with traditional scalability solutions.” Menegaldo further takes a deep dive and explains the key to determining Network Extensions:
– Unified Liquidity: By operating within the same liquidity pool, Network Extensions prevent the liquidity fragmentation that often occurs with Layer 2s or sidechains, ensuring a more unified and efficient ecosystem.
-Enhanced User Experience: The user gets to use native wallets and tools with ease, abstracting away all complexities associated with multi-chain and fragmented environments.
– Remains native to the host chain, extending core functionality: Network Extensions are deeply integrated into the base layer and do not compete with or directly overlap it. They expand Solana’s capabilities by adding new features, new execution environments, storage or consensus capabilities, NFT functionalities without replacing the core functionalities of the underlying Solana environment.
Projects like MagicBlock with Ephemeral rollups, and MarginFi, are creating tools, services, and infrastructure that don’t always fit into well-defined single categories of L1 and L2 terminologies.
To fully comply with the definition of Network Extensions, Neon EVM will abstract away the complexities of the EVM layer, ensuring a seamless experience for users. EVM developers can fast-track their deployment on Solana without needing to chart the complexities of Rust. Solana users can interact with these dApps through their preferred wallets, such as Phantom, Backpack, or Solflare, paying gas fees in Solana-native currency.
This composable and intuitive user experience ensures that while the technology behind these applications is Ethereum-compatible, the end-user will benefit from a unified user experience – without even noticing the underlying Ethereum-like codebase powering the dApps.
Neon EVM drives innovation in Solana, expanding beyond traditional blockchain models
Network Extensions in the Solana ecosystem are setting a new precedent for how blockchain infrastructure can evolve beyond the traditional L1 and L2 models. As Solana continues its growth trajectory with Firedancer and many upcoming updates, Neon EVM is poised to play a pivotal role in accelerating innovation, bringing unparalleled growth opportunities to developers and users alike. The future of blockchain is extensible, and Neon EVM is poised to lead the charge beyond the standard pathways.
About Neon EVM
Neon EVM is the first of its kind—a Network Extension on Solana—designed to seamlessly integrate Ethereum Virtual Machine (EVM) compatibility into Solana’s high-performance ecosystem. By operating natively within Solana’s base layer, Neon EVM provides Ethereum developers with a fast, high-throughput pathway to deploy their EVM dApps on Solana, without the need Rust coding, separate blockchain layers, or fragmented liquidity. It enhances the composability of dApps while preserving Solana’s core advantages. Neon EVM expands Solana’s capabilities, offering a unified experience where Ethereum-based projects can thrive with the speed and scalability Solana is known for.
For more information about Neon EVM, users can visit neonevm.org and connect with the community on Twitter or Discord.
Contact
Marketing Manager
Shailey Singh
Neon EVM
shailey@neonfoundation.io
Dubai, UAE, October 16th, 2024, Chainwire
InceptionLRT is pleased to announce the integration of four new tokens: EIGEN, tBTC, sFRAX, and slisBNB. With these additions, users gain access to a wider variety of restakable assets, each providing the flexibility to maintain liquidity while optimizing their DeFi strategies.
All these tokens are restakable through EigenLayer, benefit from Isolated Liquid Restaking (iLRTs), and offer the ability to Flash Unstake, allowing immediate withdrawals without the standard EigenLayer unbonding period.
EIGEN Token Restaking Options for Enhanced Rewards
Following the recent EigenLayer airdrop, EIGEN token holders can now enhance their rewards through Liquid Restaking. InceptionLRT is one of the few protocols to offer this service, enabling users to restake their EIGEN tokens while contributing to the security of decentralized services like oracles and governance.
Through InceptionLRT’s liquid restaking token (LRT), inEIGEN, users are able to contribute to decentralized services- such as oracles and governance mechanisms- while accessing additional rewards from restaking activities.
slisBNB – Expanding BNB’s Utility
slisBNB, ListaDAOs liquid staking token for Binance’s BNB, is now supported on InceptionLRT, allowing users to leverage inslisBNB for liquid restaking. This integration helps BNB holders take full advantage of DeFi composability while securing Actively Validated Services (AVS) in the EigenLayer ecosystem. By restaking slisBNB, users can enhance their earning potential, access cross-chain functionality, and maintain liquidity.
tBTC – Bridging Bitcoin to DeFi
For the first time, InceptionLRT integrates a Bitcoin derivative, tBTC, built by Thesis. This trustless, tokenized version of Bitcoin allows users to access DeFi opportunities while maintaining liquidity. Through intBTC, Bitcoin holders can restake their tokens, earning rewards while benefiting from tBTC’s composability across various DeFi platforms. This integration opens the door to bridging Bitcoin’s potential with DeFi.
sFRAX: Enabling Diversified DeFi Participation for Stablecoin Users
Building on the previous integration of sfrxETH, InceptionLRT now offers sFRAX, a staked version of the fractional algorithmic stablecoin, FRAX. Through insFRAX, users can restake their sFRAX tokens, benefiting from both staking and restaking rewards. This dual mechanism boosts the earning potential of FRAX holders, giving them the opportunity to diversify their participation in the DeFi ecosystem.
EIGEN, tBTC, slisBNB, and sFRAX Liquid Restaking Integrations on InceptionLRTs dApp
Expanding InceptionLRT’s Restaking Ecosystem
Through the addition of EIGEN, tBTC, sFRAX, and slisBNB, InceptionLRT continues to expand its liquid restaking capabilities. By integrating iLRTs and enabling instant withdrawals with Flash Unstake, InceptionLRT offers users a flexible and secure DeFi experience that aligns with diverse financial strategies. As the platform continues to grow, InceptionLRT remains committed to supporting a broad array of staking solutions designed to enhance user control and asset security.
About InceptionLRT
InceptionLRT specializes in restaking solutions for the DeFi sector, providing innovative approaches that prioritize both yield optimization and asset flexibility. By integrating advanced features and supporting diverse tokens, InceptionLRT is redefining the staking and restaking experience for decentralized finance users.
For media queries, users can contact: Fabio Wehb Ferrari, fabio.f@inceptionlrt.com
Contact
PR Manager
Fabio Wehb Ferrari
InceptionLRT
fabio.f@inceptionlrt.com
London, UK, October 16th, 2024, Chainwire
Polkadot drives forward ecosystem-wide transformation with 24/7 hacking and masterclasses from industry greats.
WebZero, a global event and DevRel force is presenting sub0 reset, the leading developer conference for the Polkadot & Substrate ecosystem from November 9-11, 2024, in Bangkok, Thailand.
sub0 reset is the first and only Substrate development conference, bringing together the best developers and builders of Web3 in a spectacular five-floor industrial venue, complete with a rooftop beach and catering and drinks from a private chef. Attendees will have the chance to learn from industry legends, including senior figures from the Web3 Foundation and founders of Polkadot, as well as meet like-minded partners to build next-generation apps and tools with Substrate in our 24/7 hackspace.
Fabian Gompf, CEO of Web3 Foundation, said: “Great to see sub0 come back with a fresh concept showcasing the talent in the Polkadot ecosystem. It’s a perfect opportunity for developers, investors and industry leaders to come together and build solutions on Substrate that will have a real impact”
Attendees can expect to learn about the latest projects building with Substrate, how to build with Substrate’s modular SDK and other emerging components in the Polkadot tech stack, with industry leaders such as Polkadot co-founder Robert Habermeier, Mythical Games founder John Linden and Nova Wallet founder Anton Khvorov taking to the stage and sharing their wisdom with guests throughout the 3-day event.
sub0 kicks off with a dedicated education day, ranging from no-holds-barred analysis of the state of Web3, to barcamp deep-dives on building on Substrate. Day two is Modularity Day, with discussions from leading innovators at Avail, R0gue, Midnight and Parity. Day three is JAM & Scalability day, building out Polkadot’s founder Gavin Wood’s vision to transform the ecosystem into the world’s first global computer. The venue’s 24/7 hackerspace will give new teams the chance to co-work and compete for 10k USD in bounties.
Practical details
Sub0 reset is taking place at 127 Na Ranong Rd, Khlong Toei, Bangkok from 9-11 November, 2024.
A limited supply of free tickets for sub0 reset are available here.
The event runs from 10 AM until late each day, make sure to subscribe to the WebZero Luma for full scheduling opportunities. The hackerspace runs 24 hours a day, ensuring developers can build at all hours of the night with food and beverages provided free of charge. Media lounge and recording rooms are provided.
For any further media enquiries, users can contact media@joinwebzero.com
ABOUT WEebZero
WebZero is a developer experience builder that is establishing a hybrid between event production and developer relations, based on its own unique vision and methodology.
Contact
Comms/PR manager
Jonathan Duran
Distractive
jonathan@distractive.xyz
Sinagpore, Singapore, October 16th, 2024, Chainwire
Unite, the pioneering Layer 3 blockchain solution built on Base, is excited to announce a strategic partnership with Eigen Labs to incorporate EigenDA, a leading data availability solution provider, into the infrastructure that powers the next generation of mobile games.
As the first Layer 3 blockchain tailored specifically for mass-market mobile games, Unite is focused on delivering seamless, high-performance experiences to the nearly 3 billion active mobile players. To achieve this mass-market scale, the partnership with EigenDA will integrate their cutting-edge data availability solutions into Unite’s Layer 3 chain, making launching and operating a web3 mobile game dramatically more efficient at scale.
“Modern web3 infrastructure is critical to the evolution of the mobile gaming industry,“ said Weiwei Geng, CEO of Unite. “Our collaboration with EigenDA will let us help the next generation of developers achieve global scale by making blockchain an enabler – not an obstacle – to building web3 mobile games. This partnership is a significant step forward in our mission to bring the mass market of mobile gamers to web3.”
EigenDA’s data availability solution delivers hyper scalability, ensuring high throughput and seamless scaling as demand increases. It’s extremely efficient, and continues to drive gas fees closer to zero. The solution leverages Ethereum’s Layer 1 security via EigenLayer, making it robust and reliable. By aligning with Ethereum’s ecosystem, EigenDA enhances rollup scalability without data availability constraints. These features make EigenDA the ideal partner for Unite, enabling the handling of large transaction volumes and in-game interactions, allowing game developers to focus on innovation and growth.
Sreeram Kannan, CEO of Eigen Labs, added, “We are really excited about Unite’s vision of developing a crypto ecosystem dedicated to achieving mass-market adoption of web3 with mobile games. EigenDA and the Eigen stack ensures Unite developers can scale effectively while delivering seamless, high-quality experiences for gamers globally.”
The partnership between Unite and Eigen Labs marks a significant milestone in building the future of blockchain-powered mobile games with the potential to compete with leading web2 mobile games, which serve billions of users, and drive nearly $100B in annual revenue. Bringing together two industry leaders committed to driving innovation and mass adoption of web3. For more information, users can visit Unite.io and Eigenda.xyz.
About Unite
Unite is on a mission to build the first Layer 3 blockchain solution for mass-market mobile games, targeting the 2.8 billion players and the $90 billion revenue generated from the mobile game market. Focused on enhancing player experience with in-game earning capabilities, Unite offers a comprehensive L3 solution encompassing chain, client, ecosystem and establishing a decentralized physical infrastructure (DePin) built on billions of daily active mobile devices worldwide.
Founded by veterans in mobile, gaming and web3 infrastructure who served as founders and executives of some of the biggest names, Unite is leading the innovation to the mobile games.
For more information, users can visit Unite’s official website, or follow Unite on X, and join Discord community.
About EigenLayer
EigenLayer provides developers access to the Ethereum restaked capital base and decentralized validator set. Access to this trust network makes previously impossible mechanism designs possible in the form of Actively Validated Services (AVSs). EigenDA is the first AVS, building the most scalable, secure, and price-performant data availability layer. EigenLayer is backed by top investors including Polychain Capital, Blockchain Capital, Ethereal Ventures, Electrical Capital, and a16z crypto.
Contact
Di Chen
dchen@unite.io
New York, New York, October 15th, 2024, Chainwire
Powered by the River Protocol, Towns addresses the growing concerns of traditional social platforms, introducing a new decentralized, encrypted, and user-owned communication app.
Today Towns, founded by the founder of breakout experiences Houseparty and Meerkat, announced the public debut of an onchain messaging platform designed for digital communities to connect in secure and decentralized spaces. Built on the River Protocol, Towns enables permissionless group chats where anyone can create, own, and manage their communities, offering features like decentralized ownership, end-to-end encryption (E2EE), and a reputation system that prioritizes user privacy. The platform is backed by lead web3 investors like a16z, Benchmark and Framework, raising $25.5M in their Series A.
As traditional messaging platforms face growing criticism over privacy violations and censorship, there’s a clear call to action for improved communication alternatives. The Towns platform unlocks a new solution by giving users full ownership and control of their data, creating community-owned digital spaces where conversations are secure, transparent, and free from outside interference. The platform brings the features of speed and familiarity of web2 messaging platforms onchain, empowering communities to thrive in a space that protects both privacy and autonomy.
“When I built Meerkat and Houseparty, it was clear that online communities are the backbone of the internet and a key part of our culture,” said Ben Rubin, Co-Founder and CEO of Towns. “As traditional social platforms grow, so do their shortcomings, creating friction for users. Today, the current tools designed for web3 communication are not optimized to provide intuitive and user-friendly experiences. With Towns, our goal is to make the internet more intimate without making it smaller, fostering a sense of trust and connection between users by offering a decentralized platform where privacy and open communication are at the core.”
Towns offers a range of innovative features that set it apart from traditional communication platforms. Features include:
- Each “Town” exists as a decentralized entity, with membership and ownership minted onchain, giving users ownership and control over their communities, including the ability to transfer value across the ecosystem.
- All conversations within Towns exist as permissionless group chats and ensure all communications within the platform are secure and private.
- Users can create programmable groups with specific pricing, gating, and rewards enabling new ways to engage with members.
- A new look at web3 incentives. Towns combines the familiarity of web2 messaging with web3 incentives like reputation systems and composability with the broader web3 ecosystem.
With trust and community building at the forefront of Towns, early adopters include RefractionDAO, a web3 artist-owned community at the forefront of digital art, music, and culture.
For more information on Towns and to learn how to build a community, users can visit towns.com.
About Towns
Founded by Ben Rubin, former founder of viral app sensations, Houseparty and Meerkat, Towns is an onchain messaging platform built on open-source protocol, River. Towns offers new communication models that empower online communities with programmable, self-governed and ownable spaces, fostering authentic and meaningful interactions. With a commitment to shaping the future of digital connectivity, Towns is supported by significant investment, including a $25.5 million Series A funding from notable firms like a16z crypto, Benchmark, and Framework.
Contact
Publicist
Ryleigh Ebron
Serotonin
ryleigh@serotonin.co
Singapore, Singapore, October 15th, 2024, Chainwire
Popular Memecoins continue to play an influential role in the cryptocurrency market. For exchanges like MEXC, these assets not only increase platform visibility but also provide valuable data on user activity and trading volumes. According to CoinGecko, MEXC ranks as the top platform globally for Memecoin offerings, with over 240 listed pairs, positioning it as the leader in Memecoin variety.
With a comprehensive selection of cryptocurrencies, MEXC has emerged as an industry frontrunner. The exchange offers over 3,000 spot trading pairs and more than 500 futures pairs, allowing users to access a diverse range of trading options. This extensive variety appeals to the growing number of users seeking to explore different asset classes, particularly Memecoins.
Understanding Memecoins
Memecoins are a unique type of cryptocurrency influenced by internet culture and social media trends. Typically community-driven and high in volatility, Memecoins often embody humor or satirical elements from popular internet memes. While their value can fluctuate based on market sentiment, Memecoins remain popular among certain investor groups, though caution is advised due to their inherent risks and limited practical application.
Market Movements and Earning Potential on MEXC
Data from MEXC indicates notable price surges among Memecoins. For instance, the top 15 Memecoins on MEXC have recorded gains of over 1,400%, with the top 5 seeing increases exceeding 28,000%. MEXC’s rapid listing mechanism is designed to support new and emerging Memecoins, allowing users to trade these tokens in their early stages.
One notable example is the BONK token, which MEXC listed in early January 2023. Initially priced at 0.075 USDT, BONK reached a high of 0.05139 USDT on its launch day, resulting in a 2,680% increase. Although the token later experienced price adjustments due to market volatility, BONK’s price surged again following its listing on Binance in December 2023, recording a significant gain from its initial price.
Similarly, the recently listed NeiroCTO token saw impressive growth following its initial MEXC listing. Starting at 0.0{4}5 USDT, NeiroCTO surged to a peak of 0.00044012 USDT, yielding a 780.24% increase. MEXC users benefit from such early access, as the platform’s efficient listing process enables them to capitalize on potential market movements.
Advantages of Trading on MEXC
MEXC has built a reputation as a secure and reliable exchange for users around the globe. The platform offers several advantages:
- Extensive Token Variety: MEXC leads the industry in cryptocurrency selection, listing many assets at an early stage. This enables users to participate in emerging trends like Memecoins right from their debut.
- Trading Efficiency: MEXC is designed to support stable transactions and competitive spreads across various trading volumes.
- Competitive Fees: MEXC offers some of the lowest trading and transfer fees in the industry, allowing users to maximize their returns.
- MX Airdrop Rewards: Users can participate in MX token airdrops, which have an annual yield of up to 66.5%, providing additional incentives for users trading on the platform.
About MEXC
Established in 2018, MEXC serves over 10 million users globally, offering a wide array of cryptocurrency trading options and a reputation for low trading fees, liquidity, and industry-leading APY on MX airdrops. MEXC supports a professional trading environment with around-the-clock customer service and multilingual assistance for its user base.
Disclaimer
Cryptocurrency and Memecoin investments carry significant risks, and past performance is not indicative of future results. MEXC encourages traders to conduct their own research and carefully assess their risk tolerance.
Contact
Operation Manager
Lucia
MEXC
Lucia.hu@mexc.com
New York, New York, October 15th, 2024, Chainwire
With the cryptocurrency market entering the final quarter of the year with major bullish momentum, the emerging altcoin platform DTX Exchange (DTX) has made a strong impact. The DeFi platform has raised over $4.75 Million weeks earlier than expected. This early success reflects growing interest in platforms that offer access to a diverse range of assets, including cryptocurrencies, equities, and real-world assets (RWA), under a unified trading system.
Innovative Multi-Asset Platform Meeting Market Demand
Despite the entry of financial giants like Blackrock and Morgan Stanley into the decentralized world, there is still a lack of a unified platform that integrates conventional assets like equities, stocks, and bonds with decentralized assets like cryptocurrencies. DTX Exchange has aimed to bridge the gap between traditional and decentralized financial markets by allowing users to trade over 100,000 assets on a single platform. This innovative solution makes it possible for traders to access a wide variety of assets under a single platform with minimal trading fees.
The global cryptocurrency industry is worth $2 trillion alone, with the broader equities market having over $90 trillion worth of assets. By enabling the trading of these assets, DTX provides traders with the chance to enhance liquidity. The DTX team aims to attract the attention of millions of retail and enterprise traders through this unique feature.
Notable Presale Participation and Platform Development
DTX Exchange’s presale has seen considerable early participation across its initial rounds. The first round raised approximately $300,000 in a short period, while the second phase exceeded $1 million in total funds raised. The third presale round concluded ahead of schedule, with the platform raising over $4.75 million across all rounds to date. During this time, the token price increased from $0.01 to $0.08, reflecting initial interest in the platform’s offerings.
Platform Features and Future Product Expansion
DTX Exchange credits its early adoption to its unique product offerings, including:
VulcanX Blockchain – This privacy blockchain powers the DTX ecosystem and is the first unified blockchain to support conventional financial assets. With a throughput of over 100,000, this blockchain is expected to power the next decentralized applications of the future.
DTX Unified Wallet – The DTX Unified Wallet is the first crypto wallet to support forex, equities, and crypto assets under a single secure application. The product is expected to add features like P2P asset trading and portfolio management tools.
Enterprise RWA Platform – DTX is onboarding conventional assets on the blockchain through the Real World Assets (RWA) builder platform.
DTX Exchange Sells Out Round 3 In Days
In the most recent development, the ongoing presale has sold over 50 million tokens and raised $3 million to sell out the 3rd round weeks ahead of schedule. The DTX team is now raising the token price, giving investors another opportunity to join the presale and secure DTX tokens before they launch on public exchanges.
Open Public Trading and Ecosystem Expansion
DTX Exchange has outlined its plans to make DTX tokens available for open public trading following the launch of the VulcanX blockchain. With a growing community of over 70,000 members, the platform is preparing for broader accessibility, which may help increase its reach and user base significantly upon public launch. Additionally, DTX also has an active developer community that is actively developing new products.
Exploring the DTX Ecosystem – Key Products
Aside from offering a suite of trading features, DTX Exchange is expected to offer a wide range of products to developers and enterprise players in the finance world. Some notable products include the Real World Asset (RWA) tokenization tool that allows stakeholders in the Real Estate industry to tokenize assets and introduce new models of investment in illiquid assets. Additionally, DTX is expected to launch the DTX Unified Wallet, which allows holding stocks, cryptos, and forex assets. Additionally, future plans include holding the Digi-Hackathon to improve platform security and integrity.
DTX Exchange: Unifying Digital Assets with Strong Growth Potential
With the unique approach DTX Exchange has taken to unifying digital assets, its presale performance comes as no surprise. Built on the VulcanX blockchain, the platform is designed to improve transaction capacity compared to many layer-1 blockchains.
Given the rapid pace of the presale sold, the altcoin could mirror the past trajectory of other cryptos that had exponential rallies. In the past, projects like Solana, Cardano, Polygon, and Dogecoin have all surged from small-scale altcoins into multi-billion dollar projects that have become household names. DTX Exchange aims to fulfill its potential and turn into a major powerhouse in the coming months.
Investors can still become an early part of the DTX Exchange community. With a current price of $0.08 and a listing price of $0.20, investors are poised to enjoy growth in value in the coming months. With broad applications for the financial sector, DTX aims to become the cornerstone of the DeFi industry and carve out a sizeable portion of the $2 Trillion trading industry.
Users can learn more:
Users can visit DTX Website here
Users can join The DTX Community
Contact
DTX Exchange
dtxinnovations@gmail.com
London, UK, October 14th, 2024, Chainwire
Solanex AI, an innovative DEX built on the Solana blockchain, has announced the token sale of its native token, $SOLDEX. This marks a major milestone in Solanex’s mission to transform digital asset trading through cutting-edge AI technology and an intuitive, user-focused platform.
The $SOLDEX token powers the Solanex ecosystem, enabling seamless trading experiences while leveraging Solana’s ultra-fast and low-cost transactions. By integrating AI-driven strategies, Solanex is set to redefine how traders interact with DeFi, offering unmatched efficiency and profitability.
A total of 17.5% of the $SOLDEX supply is allocated for this pre-sale, with the Token Generation Event scheduled for early 2025. To date, the initial coin offering (ICO) has raised over $200,000, and is now available for participation.
Solanex ICO has already raised over $200,000 and is now live for participation, more information can be found here.
The Solana Advantage for Solanex AI
Solanex AI has strategically chosen to build on the Solana blockchain, which has recently demonstrated considerable growth. Asset manager VanEck has projected that Solana could reach up to 50% of Ethereum’s market capitalization. Additionally, Solana’s network recently outperformed Ethereum in 24-hour DEX trading volume, capturing 23% of the total market share. Solanex AI aims to capitalize on this momentum by leveraging Solana’s scalability and low transaction costs to deliver AI-driven trading enhancements within the DeFi ecosystem.
Solanex vs. Traditional DEXs
Traditional DEXs often struggle with liquidity fragmentation, high transaction costs, and complex user interfaces. Solanex AI addresses these challenges head-on by leveraging the power of artificial intelligence.
The platform’s AI-powered governance system dynamically optimizes liquidity distribution, ensuring that traders always have access to the best prices. Additionally, Solanex AI‘s innovative Reserve-Based Virtual Pools eliminate the need for indirect trades, reducing slippage and lowering overall trading costs.
The Power of AI in Crypto
- AI-Powered Trade Optimization: Solanex AI’s AI algorithms ensure that every trade is executed at the best possible price, minimizing slippage and maximizing profits.
- Enhanced Liquidity: AI-driven liquidity management aims to support adequate liquidity across various market conditions.
- Real-Time Market Analysis: Solanex AI’s AI-powered tools provide users with up-to-the-minute insights into market trends, enabling them to make informed trading decisions.
- User-Friendly Interface: Solanex AI is designed with the user in mind, offering a simple and intuitive interface that is accessible to traders of all levels.
Solanex AI also allows users to trade a variety of assets, including popular memecoins such as WIF, MICHI, and MOTHER, as well as other newly launched tokens.
About Solanex
Solanex AI aims to become a leading DEX on the Solana blockchain, offering an advanced trading experience for both retail and institutional investors. With its innovative AI-powered features and commitment to user satisfaction, Solanex AI is paving the way for a new era of decentralized trading.
Solanex X page: https://x.com/solanex_ai
Website: https://solanex.ai
Contact
Arthur
Solanex
tech@solanex.ai
Leeds, United Kingdom, October 14th, 2024, Chainwire
Minutes Network, the world’s first blockchain-based international voice-calling and wholesale termination service provider, is thrilled to announce the appointment of Jamie King as its new Chief Marketing Officer, effective October 14th, 2024. With a pioneering career in driving digital marketing transformations, Jamie is set to lead Minutes Network marketing initiatives into a new era of growth and engagement, bringing a wealth of expertise, vision, and leadership that will further drive the company’s commitment to providing voice carriers worldwide with the highest quality international terminations, at the lowest, market-beating, prices.
“The potential of DePIN to transform the telecommunications industry is immense and Minutes Network is at the forefront of this revolution. I’ve always been passionate about the intersection of technology and entertainment and the real value of infrastructure. I’m thrilled to join the team and eager to use my expertise to help the company expand its reach and deliver exceptional value to our customers while disrupting traditional business models.”
Jamie King brings over 20 years of experience in product innovation and go-to-market strategies with a recent focus on Web3 and its potential to disrupt legacy industries. Renowned for his contribution to creative innovation as a co-founder of Rockstar Games, Jamie King has received multiple awards for his work, including a BAFTA for lifetime contribution in video games, Chief Marketer Pro Gold Awards, Tempest Esports Awards, a Clio and a 34th Sports Emmy Nomination for ‘Outstanding Digital Innovation.’
“Jamie King’s proven track record aligns perfectly with our vision for the future,” said CEO Josh Watkins. “Jamie is set to lead Minutes Network marketing initiatives into a new era of growth and engagement, focused on accelerating brand awareness and scaling user adoption of the Minutes Network platform.”
About Minutes Network
Minutes Network offers a unique integration between telecommunications and the blockchain, leveraging existing and new, proprietary MinTech technologies to provide voice carriers worldwide with the highest quality international terminations at unmatchable prices. With twenty-four international points of presence, Minutes Network can terminate international traffic all day, every day, to any worldwide destination. Through innovative solutions and a dedication to excellence at pace, Minutes Network continues to set new standards in the Telecom Industry.
For more information about Minutes Network and their leadership team, users can visit www.minutesnetwork.io and X account.
Contact
CEO
Josh Watkins
Minutes Network
enquiries@minutesnetwork.io
Berlin, Germany, October 14th, 2024, Chainwire
FILLiquid, an emerging Filecoin-based platform for leasing and borrowing, has launched FIG Staking, a new product that allows users the chance to earn yield by staking the platform’s governance token, FIG. This initiative leverages a revenue-sharing model, enhancing the utility of FIG and enabling token holders to claim a share of the platform’s transaction fees.
Since FILLiquid’s FIL liquidity protocol debuted in late August 2024, it has swiftly attracted over $2.5 million in Total Value Locked (TVL), underscoring its growing influence in Filecoin-based borrowing. The recent launch of FIG Staking saw nearly 1 million $FIG staked within just two hours, which the team sees as a reflection of token holders’ interest in deeper protocol participation.
FIG Staking extends the utility of the FIG token beyond governance by offering stakers access to a share of transaction-based revenue. With this product, FILLiquid aims to provide token holders the option to participate more actively in the protocol’s growth, aligning rewards with platform usage.
“The FILLiquid community has eagerly awaited the FIG Staking launch, which opens up additional yield-generating opportunities,” said Arthur Tan, CEO of FILLiquid. “This innovation allows our community to become more integrated with the protocol, providing them with a unique ownership opportunity for the platform.”
To participate in FIG Staking, users need to deposit FIG into the staking product and allow rewards to accumulate as more transactions and loans are processed on the platform. Users are required to select a deposit period when staking, with longer periods providing higher rewards.
Dividends are allocated based on the user’s staking period and the amount staked based on a weighted formula. Rewards are triggered when the number of FIL in the reward pool reaches the threshold. However, the first three dividends will be triggered manually over the following three dates: October 17th, October 24th, and October 31st, providing ample opportunity for FIG holders to start staking.
After attracting over $2.5 million TVL, FILLiquid has quickly become a key player within the Filecoin ecosystem. The liquidity pool is designed to deepen FIL liquidity for storage providers, helping them achieve sustainable storage power growth and capital efficiency by utilizing locked liquidity to secure loans.
FIG Staking extends the utility of the FIG token beyond governance by offering stakers access to a share of transaction-based revenue. With this product, FILLiquid aims to provide token holders the option to participate more actively in the protocol’s growth, aligning rewards with platform usage.
About FILLiquid
FILLiquid is a $FIL lending protocol that aims to deepen liquidity to Storage Providers (SPS), helping them achieve consistent storage power growth while allowing token holders to lease their assets. The protocol intends to solve the SP dilemma, which requires SPs to make consistent $FIL pledges to add more storage capacity to the Filecoin network by unlocking liquidity in the SPs node. FILLiquid employs an algorithmic interest rate model dictated by the utilization rate in the liquidity pool.
$FIG, FILLiquid’s native token, provides governance voting rights and allows holders to participate in revenue-sharing when staked. It also features deflationary properties through burning.
The team members behind FILLiquid are very well-versed in the crypto field, with more than seven years of experience. The product designer is a CFA-certified economist who previously worked as a researcher at the IMF and World Bank Group, providing credibility for the project. In terms of achievements, FILLiquid has already won the Ethereum and Filecoin DeFi Hackathon in 2023, an event showcasing their innovation in DeFi solutions.
For more information and regular updates, users can visit FILLiquid’s official website and whitepaper, as well as the Telegram, X, Medium, and Discord channels.
Contact
CEO
Arthur Tan
media@fliquid.io