chainwire

Ape On Launches Innovative Token Locking for Secure Project Launches on Solana

Majuro, Marshall Island, October 18th, 2024, Chainwire

Ape On, the most secure and efficient token launch platform, is reshaping decentralized finance (DeFi) on the Solana blockchain. With its unique token locking feature powered by Jupiter Lock, Ape On is designed to provide unmatched security and transparency, making it the best and safest way to launch and buy tokens in the crypto space.

Token Locking for Enhanced Transparency

Ape On offers a revolutionary token locking mechanism that allows project creators to lock their tokens for a designated period, ensuring that investors are protected from early token dumps. This powerful feature builds long-term trust between creators and the community, making Ape On the safest platform for investors to participate in early-stage projects. With token locking, investors can confidently engage in projects knowing their investments are secure.

“As the most trusted platform for launching and buying tokens, Ape On sets a new standard in the Solana ecosystem,” said Joe George, CMO of Ape On. “Our token locking feature guarantees that creators are committed, while investors have the peace of mind that their assets are protected from potential market manipulation.”

Addressing Solana’s DeFi Needs

As DeFi continues to evolve, Solana’s low transaction fees and high-speed processing make it an ideal environment for innovative platforms like Ape On. However, despite its technical strengths, Solana’s ecosystem needs secure, transparent investment methods to encourage long-term participation and project stability. Ape On’s token lock and transparent launch process fill this gap by promoting fairness and trust in the growing Solana ecosystem.

“Ape On is more than just a token launchpad—it’s a secure, community-driven platform that ensures both creators and investors are protected,,” George added. “We’re proud to be the safest and best place to launch and buy tokens in the entire crypto market.”

Additional Platform Features

  • Badge System for Transparency: Ape On introduces a badge system that provides clear project status updates, offering investors easy-to-understand indicators for assessing a project’s reliability.
  • Influencer and Creator Rewards: Ape On also incentivizes influencers and creators, sharing 20% of liquidity provider rewards with influencers who help onboard users to the platform, and 10% with token creators.

  • Cost-Effective and Fast Launches: With Solana’s low transaction costs, Ape On makes launching tokens fast and affordable for creators, ensuring a smooth deployment process within seconds.

Mainnet Launch on 20th October

Ape On is set to go live on mainnet on October 20th, with RPC infrastructure powered by Heliuslabs, locked and ready for the big day. The platform’s debut on mainnet marks the beginning of a new chapter in secure token launches on Solana.

About Ape On

Ape On is a next-generation platform on the Solana blockchain, offering the best and safest way to launch and buy tokens. With its Jupiter-powered token locking mechanism, Ape On provides security and transparency, setting the gold standard for token launches in DeFi. By focusing on long-term stability and community trust, Ape On fosters growth in the crypto ecosystem.

For more information, users can visit Ape On or follow Ape on on Twitter

Contact

CMO
Joe George
Ape On
hello@apeon.it

$KERORO Hits Solana With A Seismic Shift Expected

Newcastle upon Tyne, United Kingdom, October 18th, 2024, Chainwire

Today marks the official launch of KERORO, a new meme coin built on the Solana blockchain, which has debuted with a market cap of $4.5 million. Positioned within the meme coin market, KERORO draws on Solana’s high-speed, low-cost transaction capabilities to establish itself as a community-driven project.

KERORO’s Vision and Mission

KERORO, inspired by the iconic character known for its charm and cultural impact, brings a fresh, vibrant energy to the cryptocurrency world. With its roots firmly planted in the Solana blockchain, known for its high performance and efficiency, KURORO is not just a coin; it’s a cultural phenomenon that promises to redefine the meme coin narrative.

Key Features of KERORO

  • Community-Driven: At the heart of KERORO is a vibrant community that believes in the power of unity and fun. The project is designed to bring people together, fostering a sense of belonging and participation.
  • Innovative Technology: Leveraging Solana’s high throughput and low transaction costs, KERORO ensures that every transaction is swift, secure, and cost-effective. This technological edge positions KURORO as a leader in the meme coin space.
  • Cultural Resonance: KERORO taps into a rich vein of internet culture, resonating with a new generation of investors who value creativity, humor, and community over traditional financial metrics.

Market Performance and Expectations

Since its launch, KERORO has seen an enthusiastic response, with its market cap quickly soaring to $4.5 million. The KERORO team expects that KERORO’s market cap could increase in the coming weeks due to its growing popularity and the unique dynamics of meme coin markets.

Trading Information

KEROROis available for trading on major Solana-based exchanges such as Jupiter, Bullx, and Raydium. Users interested in the project can trade KERORO and join the community through its social media channels and online platforms

KERORO’s Telegram: https://t.me/kerorocult

KERORO’s X: https://x.com/kerorocult

Contract Address: 2Z6TocWzKtddxVe9kxCB3j3A339Z6CDiut5k3a9Apump

About KERORO

KERORO is more than just a meme coin; it’s a celebration of community, creativity, and the spirit of the internet. Built on Solana, KERORO aims to bring joy and opportunity to all its holders, proving that finance can be both serious business and serious fun.

Contact:https://visionary-marketing.co.uk

Contact

Mr
Christopher Coussons
https://visionary-marketing.co.uk
chris@visionary-marketing.co.uk

Pell Network Secures $3M Funding to Build Omnichain DVS Network

London, UK, October 17th, 2024, Chainwire

Pell Network, an Omnichain Decentralized Validation Services (DVS) network, has successfully raised $3 million in pre-seed funding, as announced on October 16, 2024.

This round was co-led by Paper Ventures, Halo Capital, and Mirana Ventures. Incubator D11-Labs and key investor Delta Blockchain Fund, also participated in this round, along with a diverse group of investors including ArkStream Capital, Mantle EcoFund, Web3Port, Caliber Venture Builder, Cogitent Ventures, Contribution Capital, J17 Capital, Sats Ventures, Side Door Ventures, 071Labs, and individual angels.

The funds will be used to develop Pell’s innovative network, which aims to build an omnichain DVS network powered by restaking. By leveraging Liquid Staking Tokens (LST), Pell Network plans to break down barriers between siloed blockchains and foster the long-term sustainability of the entire ecosystem.

Oliver Blakey, co-founder of Paper Ventures, expressed enthusiasm for Pell’s vision, stating, “Pell’s vision for a universal trust network aligns perfectly with the evolving needs of BTCFi users. We are excited to support their journey in addressing critical challenges and unlocking fresh possibilities for Bitcoin-based DeFi.”

David Toh, Managing Partner of Mirana Ventures, highlighted Pell’s unique approach: “Pell Network brings a new approach to restaking that enhances the user experience while providing differentiated revenue streams at a lower cost to developers. We are excited to support their vision of creating an Omnichain DVS network powered by restaking.”

Technical Architecture and Market Traction

Pell Network’s architecture consists of three key components: the Restaking Layer, Pell Chain, and Service Layer. This structure aims to optimize resource allocation and maximize returns by aligning capital, assets, and consumers.

The platform has already achieved significant traction with deployments on 20 chains including BNB Smart Chain, Core, Babylon, Mantle, and Ethereum. It has accumulated over $300 million in Total Value Locked (TVL) and more than 430,000 stakers across its Omnichain Restaking Network.

Future Developments and Community Engagement

With this funding and early traction, Pell Network is positioning itself as a key player in the evolving landscape of cross-chain application building and bootstrapping. The network aims to provide developers with DVS networks underpinned by tangible economic incentives, potentially marking a shift from traditional trust-based systems to quantifiable, auditable economic security models in the blockchain space.

In line with its launch strategy, Pell Network has rolled out a series of community engagement campaigns. These include the Testnet launch accompanied by an Airdrop Campaign and a GoldMiner Campaign, providing participants an opportunity to earn up to 1 BTCB + 11 BNB raffle and a 30% yield.

As the project progresses, early participants will be generously rewarded. More details will be announced in the near future.

About Pell

Pell Network builds an omnichain DVS(Decentralized Validation Service) network driven by cryptoeconomics, leveraging the restaking mechanism of LST (Liquid Staking Tokens) to create a seamless decentralized validation services marketplace. Pell Network aims to provide innovative technical solutions for the billion-dollar restaking sector, break down barriers between siloed blockchains, and foster the long-term sustainability of the entire ecosystem.

Users can follow Pell’s latest development:

Website: https://pell.network/

X: https://x.com/Pell_Network

Discord: https://discord.com/invite/pell-network

Telegram: https://t.me/Pell_Network

Contact

Pell
hi@pell.network

Talisman Brings More Users and Liquidity to Polkadot with Cross-Chain Swaps

George Town, Cayman Islands, October 18th, 2024, Chainwire

Talisman, the leading web3 wallet that bridges the Polkadot and Ethereum ecosystems, has launched its new cross-chain swaps feature, solidifying its role in driving more users and liquidity to Polkadot. This feature simplifies the process of swapping assets between major blockchain ecosystems, enhancing connectivity for users trading between Polkadot, Ethereum, and Substrate networks.

Simplifying Cross-Chain Asset Swaps

Swapping assets across blockchain ecosystems has often been complex, requiring multiple custom bridges and DApps. Talisman addresses this by integrating popular routes and assets directly into its Portal, enabling users to swap seamlessly between Polkadot, Ethereum, Arbitrum, Bittensor, Manta Network and even Bitcoin. Whether swapping ETH on Arbitrum for DOT or acquiring tokens like TAO or MANTA to stake, Talisman offers intuitive access to popular swap routes within its cross-chain swaps interface.

By making cross-chain swaps more accessible, Talisman is not only streamlining the user experience but also bringing new liquidity into Polkadot’s growing ecosystem.

To get started, users can visit the Talisman Portal to begin their swaps.

Supported Routes and Assets

Talisman currently supports various cross-chain routes with key assets including stablecoins and native tokens across Polkadot, EVM, and Substrate projects, as well as Bitcoin. The supported routes include:

  • Polkadot <> Ethereum/Arbitrum with assets: USDC, USDT, ETH, WBTC, and DOT
  • All <> Manta Pacific EVM with assets: MANTA and ETH
  • All <> Bittensor with native TAO
  • All > Bitcoin with native BTC

Partnering with Top Swap Providers

To ensure a smooth experience and optimal liquidity for Polkadot and other chains, Talisman has partnered with top providers such as:

  • Chainflip: A decentralized exchange protocol enabling seamless cross-chain asset swaps with minimal slippage and fast transaction speeds, supporting networks like Bitcoin, Ethereum, Solana, and Polkadot.
  • SimpleSwap: A non-custodial exchange service with access to over 2,000 cryptocurrencies and 800k crypto pairs across 100+ chains, providing 24/7 support with no registration required.

User-Friendly Features

Talisman’s cross-chain swaps feature aggregates providers to help users compare options, costs, and estimated transaction times. Users can manage accounts across chains effortlessly, swapping between Substrate and EVM accounts directly within the Talisman Portal without needing separate transactions.

How to Use Talisman Portal for Cross-Chain Swaps

  1. Connect: Access the Talisman Portal via your Talisman Wallet (Ethereum or Polkadot accounts) at app.talisman.xyz.
  2. Navigate: Go to the “Swap” section at app.talisman.xyz/transport/swap.
  3. Select: Choose the assets you wish to swap.
  4. Pick Account: Choose your destination account.
  5. Complete: Select from the available swap providers and finalize your swap.

Looking Ahead

Talisman is committed to expanding cross-chain swap options, adding more routes and assets. The company is also integrating swap functionality directly into the wallet extension, making it even more convenient for users to swap on the go. By simplifying cross-chain swaps, Talisman is playing a crucial role in growing the Polkadot ecosystem, driving more users and liquidity into the network while enhancing the user experience across multiple blockchains.

About Talisman

Talisman is a web3 wallet that empowers users to explore applications across Ethereum and Polkadot ecosystems. With Talisman, users can securely store, send, and receive assets, and connect to a variety of applications.

For more information, visit Talisman Website or follow us on Twitter and Discord.

Contact

Growth Associate
Natti
Talisman wallet
natti@talisman.xyz

Polimec Announces Integration with Banxa, Simplifying Web3 Fundraising on Polkadot with Fiat Payments

Zug, Switzerland, October 18th, 2024, Chainwire

Polimec, a decentralized Web3 fundraising protocol on Polkadot, is excited to announce its integration with Banxa, a prominent fiat-to-crypto gateway. This integration allows users to invest in blockchain projects using credit cards, introducing a new user experience and making it easier for both experienced and new investors to participate in Web3 fundraising.

What’s New?

Through Banxa’s integration, Polimec users can instantly convert fiat currencies, such as USD and EUR, into tokens like USDT, USDC, and DOT, which can be used to invest in blockchain fundraises. This development is a major step in bridging the gap between traditional finance (Web2) and decentralized finance (Web3), providing seamless access to Web3 investment opportunities.

Why This Matters

Polimec is designed to facilitate secure, compliant, and transparent capital raises in the dynamic Web3 space. The growing demand for compliant and transparent fundraising mechanisms makes this integration particularly timely and important.

By incorporating Banxa’s fiat-to-crypto gateway, Polimec significantly lowers the barriers to entry for Web3 fundraising. The integration enables both crypto veterans and newcomers to participate in blockchain fundraises using familiar fiat currencies, such as USD and EUR, removing the need for complex conversions.

“This partnership with Banxa enhances Polimec’s mission to streamline Web3 fundraising,” said Flavio Bianchi, Foundation Council at Polimec. “By integrating Banxa’s fiat-to-crypto gateway, Polimec is making the onboarding process more inclusive, allowing for broader participation and creating new opportunities for all types of investors.”

How It Works

Participating in Polimec fundraises is straightforward:

  • Step 1: Select Banxa as the preferred payment method.
  • Step 2: Pay with a fiat currency, such as USD or EUR, using a credit card.
  • Step 3: Instantly receive participation tokens in the investor’s crypto wallet.

This simplified process allows users to engage in blockchain projects without the need to navigate complicated crypto conversions, making the experience more accessible and user-friendly.

What’s Next?

This collaboration marks another milestone in Polimec’s ongoing effort to improve user experience and accessibility. Polimec is actively working on additional features to further streamline the investment process and enhance the capabilities of the Polimec Protocol.

With Banxa now integrated, Polimec is advancing toward its goal of making multichain Web3 investments more accessible on a global scale.

About Polimec

Polimec is a permissionless fundraising infrastructure protocol providing an automated framework for projects to raise funds within a broad and diverse investor base with transparent and fair access for all. The protocol allows access to fundraising and governs the issuance, distribution, and conversion of tokens to mainnet.

Contact

Foundation Council
Flavio Bianchi
Polimec
flavio@polimec.org

Caladan Group Launches OTC Options Desk to Expand Structured Product Offerings for Institutional Investors

Singapore, Singapore, October 17th, 2024, Chainwire

Leading digital asset trading group Caladan is proud to announce the opening of its over-the-counter options desk to offer crypto-structured products for institutional and accredited investors. 

Strategic Expansion Into Structured Products

Caladan’s decision to expand into structured products is a natural expansion of how it partners with crypto token projects, and is highly synergistic with its existing venture capital investing and market-making activities. 

“For years, we’ve supported crypto startups at their very earliest stages as a venture capital investor, and also at token listing with our market-making capabilities across CEFI and DEFI”, said John Gu, CEO of the Caladan Group, “Now, we are expanding further across the token project lifecycle by providing treasury solutions for token foundations and key investors that will enable them to protect their investments.”

Remi Colinmaire Appointed as Head of Options Trading

Caladan has appointed Remi Colinmaire as its Head of Options Trading. Colinmaire, who is based out of the Caladan Group’s Singapore office, brings over twenty years of experience in options and volatility trading to the role. He began his career as an options market-maker at BNP Paribas, and has previously been a Managing Director at Goldman Sachs and a Portfolio Manager at AlphaDyne Asset Management specialising in index volatility trading. 

“I am delighted to join Caladan to build out the structured products and options business”, said Colinmaire. “Despite being a nascent market, digital assets options are poised to grow tremendously from here as it is only natural that more institutions and sophisticated investors are looking for capital efficient financing solutions. I feel Caladan is perfectly positioned to service these investors and I am thrilled to be part of that initiative,” he added.

Options Products Available on 200+ Tokens

As an alt-coin specialist, Caladan will be offering a range of derivative solutions on a large number of different tokens. 

These products will allow token foundations and institutional investors to potentially generate yield on and hedge the risk of their holdings.

“Token foundations and institutional investors often don’t want to sell their holdings as they believe in the project for the long run”, said Will Leung, Caladan’s Head of Business Development. “Instead, we are seeing increased demand from the most savvy foundations and investors for solutions to be able to monetize their holdings to fund strategic business needs while also protecting their capital in this volatile environment.”

Caladan Group’s structured products solutions will only be available to institutions and accredited investors subject to strict customer due diligence. These products are not offered to retail investors or the general public in Singapore. 

About Caladan

Caladan makes digital asset markets more efficient and fair. We support exchanges, tokens, and institutional investors with on-exchange liquidity, DeFi expertise, treasury solutions, and investments. Since 2017 we’ve been a pioneer in crypto market-making, powering over $50B in annual transactions across 1000+ assets.

For more information users can visit Caladan’s: Official Website | Twitter (X) | Linkedin

Contact

Head of Ecosystem
Stephany Zoo
Caladan
stephany@caladan.xyz

MetaWin Integrates $DYDX, Launches New Prize Draw with 5,000 DYDX Tokens for Eligible Participants

London, UK, October 17th, 2024, Chainwire

A dynamic shift is unfolding in the world of crypto-powered competitions as MetaWin, known for its thrilling Web3 contests, opens its doors to a new community. In a bold new move, MetaWin is embracing the $DYDX token, bringing together the excitement of decentralized trading with high-stakes entertainment.

MetaWin’s $DYDX integration offers a compelling opportunity for $DYDX holders to participate in a unique prize draw as part of the launch. The platform is offering a 5,000 DYDX token prize pool, valued at approximately $4,600, which will be awarded to eligible participants through a free-entry draw. To qualify, participants must hold a minimum of 100 DYDX tokens in their wallets.

Launch Prize Draw Details

What: A chance to win from a 5,000 DYDX token pool (~$4,600)

How to Enter: Hold a minimum of 100 DYDX tokens in a compatible walle

Cost: Free entry

Purpose: To celebrate DYDX’s acceptance on MetaWin

Users can click here to enter the 5,000 DYDX draw for free.

Rebecca Hanwell, Operations Manager of MetaWin, shares her excitement: “Decentralized platforms are the future, and by integrating $DYDX, we’re aligning our product with that vision. It’s a perfect fit. We’re thrilled to offer traders new ways to win, all within an ecosystem they know and trust.”

Beyond the prize draw, MetaWin offers features designed with Web3 users in mind, including Web3 wallet connectivity, instant withdrawals, L2 support, and seamless swaps in and out. These features aim to enhance the user experience, making it easy for participants to engage with contests, participate in prize draws, and seamlessly manage their tokens.

MetaWin has hinted at upcoming competitions, giveaways, and new prize pools, signaling further engagement opportunities for traders and Web3 enthusiasts. As the platform expands, MetaWin remains focused on delivering decentralized entertainment options that resonate with the evolving needs of the crypto community.

About MetaWin

MetaWin stands as the premier platform for on-chain prize competitions and instant win games, offering a diverse array of entertaining challenges for users. Through the utilisation of cutting-edge blockchain technology, MetaWin ensures a transparent, fair, and secure gaming environment, making it the preferred destination for blockchain enthusiasts and gamers alike. At the forefront of Web3 innovation, MetaWin is supported by a robust community of 250,000 connected wallets. Renowned for its ability to craft impactful digital experiences, MetaWin remains dedicated to pushing the boundaries of the cryptocurrency landscape.

For more information, users can visit MetaWin.com.

Users can follow MetaWin on social media and join MetaWin’s community:

XInstagramTelegram | Discord 

Contact

Metawin
Metawin
pr@metawin.inc

Cloudbet Study Shows Crypto Gamblers Prefer USDT And BTC

Willemstad, Curaçao, Netherlands, October 17th, 2024, Chainwire

New data from Cloudbet, a leading crypto casino and sportsbook, reveals that the emergence of newer, faster cryptocurrencies like Solana, Polygon, and Tron, are not as popular as mainstream coins for online gambling. The platform data suggests that gamblers prefer established cryptocurrencies such as Tether (USDT), Bitcoin (BTC), and Ethereum (ETH).

Year-to-date data shows that USDT accounted for 47.3 percent of the platform’s total turnover, across more than 35 cryptocurrencies. Bitcoin claimed a 28.9 percent share followed by Ethereum at 11.5 percent. 

Altcoins with speedier transaction times, like Solana (SOL), Litecoin (LTC), Ripple (XRP), and Tron (TRX), are growing in usage but are still lagging behind.

A company spokesperson highlighted, “After looking over the data, it was one of those moments where you’re just like, ‘Crypto gamblers. They’re just like us.’ The same concerns about volatility or price fluctuations bond every crypto holder, whether you bet or not.”

In June 2024, Cloudbet released an innovative new rewards program, awarding users in USDT without rollover restrictions. This month, the company released a second iteration of Cloudbet Rewards which now awards users in the cryptocurrency of their choice. For the majority of users, this will still be USDT, but it gives Cloudbet users the financial flexibility to play with more coins.

“We’re interested to see how users will take advantage of the versatility of the rewards program,” says a Cloudbet spokesperson. “While the first iteration has clearly been a hit with our users and has accelerated the shift toward this next quarter, we might find that users start betting with PONKE or other memecoins as a way to lean into alternative crypto projects, especially if they’re bullish on their potential.”

Since its founding in 2013 as the first licensed Bitcoin casino, Cloudbet has had a front-row seat to the evolution of crypto gambling preferences. “After nearly a decade in the space, we’ve seen the market mature,” the spokesperson shares. “Stability is the watchword now for the lion’s share of crypto gamblers.”

“Volatility is a key metric, not just for crypto trading but for crypto gambling. Increased liquidity, more robust blockchain security, among other strategies, can effectively manage and reduce a coin’s volatility. Gamblers using volatile coins can feel like placing a bet, only to see your winnings diminish with a price drop,” adds the Cloudbet spokesperson.

About Cloudbet

Cloudbet is a proud pioneer of crypto betting. 

Since its launch in 2013, as the world’s first crypto-friendly sportsbook and casino, Cloudbet has served hundreds of thousands of users and taken millions of bets, establishing a reputation as the most trusted, secure, and VIP-friendly brand in crypto gaming. 

Cloudbet users can bet with 35+ cryptocurrencies, from Bitcoin, Ethereum, and stablecoins like USDC and USDT, to SOL and other popular altcoins. The site is available in 18 languages (including Spanish, German, Italian, French and Japanese).

For media inquiries, odds, and insights, users can contact irene@media.cloudbet.com or check out media.cloudbet.com.

Contact

Irene
Halcyon Super Holdings B.V.
irene@media.cloudbet.com

Voce Sabia to Launch $VS Token, Expanding the Celebrity-Backed Meme Token Trend in Brazil

Dubai, United Arab Emirates, October 17th, 2024, Chainwire

Voce Sabia, the fourth-largest content creator in Brazil with over 45 million subscribers on YouTube and a combined social media following of 86 million, is set to launch its own meme-inspired cryptocurrency token, the $VS token. With this launch, Voce Sabia joins a growing list of celebrities leveraging their platforms to introduce digital tokens, including rapper Iggy Azalea, whose token, $MOTHER, reached a peak market capitalization of $136 million.

Since the May release of Iggy Azalea’s $MOTHER token, which provided early adopters with substantial returns, celebrity-driven tokens have gained traction within the Web3 space. The success of these tokens can be attributed to the large and highly engaged communities that creators bring to the table. Capitalizing on the trend, Voce Sabia aims to use its substantial fanbase to drive the $VS token, leveraging a community that is nearly double in size compared to Azalea’s combined following.

The $VS token will launch through a fair release on the Solana blockchain. It boasts an initial market cap of just $25,510, setting the stage for accessible entry points for fans and potential investors. This launch will be powered by the XCAD Network, a platform dedicated to helping content creators issue tokens while building ecosystems around their unique brands. The XCAD Network has successfully supported various creator token launches, enabling the $VS token to offer unique fan engagement opportunities.

Comparison Graphic released by Voce Sabia’s Social Media Team. 

The $VS token will give Voce Sabia’s community access to exclusive content, including merchandise, one-on-one calls, and other interactive opportunities, fostering deeper connections between the creator and their followers. Moreover, $VS holders will have governance rights, enabling them to participate in selected decisions regarding the channel’s future direction.

The entry of Voce Sabia into the meme token arena is emblematic of a larger movement among public figures integrating Web3 technologies to engage their fans on new levels. The trend highlights the appeal of combining meme culture with strong social media followings, driving user engagement and fostering active communities.

For more information and to stay updated on the $VS token launch, Voce Sabia has provided links to its official communication channels:

Twitter: https://x.com/Vocesabiatoken

Telegram: https://t.me/vocesabiatoken

WhatsApp: https://www.whatsapp.com/channel/0029Vaq3U7hJENxzmKNrnV00

Contact

Jeff Sa
Memespotlightorg@outlook.com

Boba Network and Thrive Protocol Launch Thrive Boba Ecosystem Grants to Support Web3 Innovation

San Franciso, united states, October 17th, 2024, Chainwire

Boba Network, a leader in multichain layer-2 scaling solutions, in collaboration with Thrive Protocol launched the Thrive Boba Ecosystem Grants, a program aimed at empowering developers, entrepreneurs, and creators building on Boba. This initiative offers $200,000 in BOBA tokens for projects that drive on-chain activity and expand the Boba ecosystem. Applications are open through October 8, 2024.

Program Overview and Eligibility Thrive Boba Ecosystem Grants provide eligible projects with funding between $10,000 and $35,000 in BOBA tokens. Open to both individuals and teams, the program seeks projects within Decentralized Finance (DeFi), Gaming, and Generative AI.

Applicants are asked to outline three critical milestones for their projects, which will guide the phased release of grant funding:

  • Milestone 1 & 2: Upon completion and verification of each milestone, recipients receive 15% of their total grant.
  • Milestone 3: Successful completion and verification of the final milestone unlocks 70% of the grant.

Key Dates for Thrive Boba Season 1

  • Application Deadline: October 31, 2024
  • Notification of Grant Awards: November 19, 2024
  • Project Completion Proof Submission: February 25, 2025
  • Season 1 Ends: February 27, 2025
  • Grant Disbursement: Approximately two weeks after Season 1 ends

Application Process and Requirements Applicants can submit their grant applications through the official Thrive Boba platform at https://thriveboba.com by October 31, 2024. To qualify, participants must join the Thrive Protocol Discord, connect their wallet (eligible for grant funds), and link their X/Twitter and GitHub accounts.

The Thrive Boba Ecosystem Grants program is an essential step forward in Boba’s mission to help developers build the best dapps possible,” said Alan Chiu, Co-founder of Boba Network. “We are excited to see developers and entrepreneurs leverage Boba’s technology such as HybridCompute to drive innovation in the Web3 ecosystem.”

“By partnering with Boba, Thrive Protocol aims to encourage builders who are shaping the future of decentralized applications,” added Daniel Jacobs, Thrive Protocol CEO. “This grant initiative will empower participants to create meaningful impact across key areas like DeFi, Gaming, and AI on Boba.”

About Boba Network

Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of roll-up technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Ethereum, and BNB, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by HybridCompute™ technology that brings the power of Web2 on-chain, with smarter smart contracts that allow visionary developers to leverage off-chain compute and real-world data to build hybrid dapps that connect people to the future of blockchain applications.

Website: https://boba.network

Twitter: @bobanetwork

LinkedIn: https://www.linkedin.com/company/bobanetwork/

Contact

Marketing Manager
Gian Kim
Enya Labs
gian@enya.ai

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