Zug, Switzerland, December 3rd, 2024, Chainwire
Namada, the shielded asset hub enabling shielded cross-chain transactions, has officially published its genesis block, marking the launch of its mainnet. Along with the commencement of staking and governance, this marks the start of the first phase of Namada’s five stage decentralized mainnet rollout. This marks an important step forward, offering comprehensive data protection and selective disclosure across the multichain landscape.
Introducing Namada
Namada is designed to enable the protection of users’ personal data when using on-chain assets and engaging in cross-chain transactions. Its key innovation, the Multi-Asset Shielded Pool (MASP), can support the shielding of user data related to any asset, enabling shielded interactions across different blockchain networks. Namada enables selective disclosure, giving users the ability to share transaction data publicly and to specific parties. Additionally, Namada is introducing a unique shielding rewards system for users protecting their personal data.
“Namada’s mainnet is a major accomplishment for the many contributors and community members who have worked hard to take Namada from an early idea to a real, operational protocol,” said Christopher Goes, Namada cofounder. “Individual control of data and freedom of disclosure is necessary for a free society. We aren’t there yet, but the Namada mainnet is an important step in the right direction.”
The launch is fully decentralized, with the Anoma Foundation supporting the Namada ecosystem by proposing the mainnet candidate software and genesis balances. However, the Foundation abstains from running validators, ensuring that the Namada community retains full control over the platform’s launch and direction.
“Namada is an important missing link for the crypto space. Real adoption has been held back by the lack of user control over sensitive data,” said Namada cofounder Adrian Brink. “The goal of Namada is to give both individual and institutional users, who may have been waiting on the sidelines, the same freedoms and protections they have off-chain.”
Key Features of Namada
Namada introduces a suite of innovative features designed to protect user data while enabling seamless shielded cross-chain interactions:
- Shielding Rewards: Namada’s Multi-Asset Shielded Pool (MASP) supports the shielding of data for various assets within a unified shielded set. Users collect shielded set rewards for shielding their assets and enhancing on-chain data protection for everyone.
- Shielded Actions: Users can engage in cross-chain activity, such as DeFi, while keeping their personal data shielded. User data is protected even when interacting with transparent dApps and chains.
- On-Chain Governance: NAM token holders participate in governance by staking their tokens to vote on protocol upgrades and other decisions. This mechanism ensures that the community has a direct role in the evolution of the network.
- Public Goods Funding (PGF): A portion of the NAM inflation is dedicated to funding public goods, supporting projects that benefit the broader Namada ecosystem and beyond.
- Cubic Proof-of-Stake (CPoS): Namada’s unique staking mechanism incentivizes network security by adjusting staking rewards based on the network’s current staking ratio. Validators and delegators are rewarded for securing the network, with penalties for protocol violations designed to discourage collusion and enhance overall security.
Community-Driven Genesis Process
This process will unfold in five stages, each driven by community decisions via on-chain governance. Discussions around the mainnet release candidate software, configurations, genesis block draft, and tokenomics have taken place within the Namada community forum, ensuring a transparent, decentralized, and collective approach to the launch.
The Anoma Foundation proposed the initial set of genesis allocations, including a total supply of 1 billion NAM tokens with no lockups, distributed among community members, early contributors, and future development initiatives. This decentralized approach ensures that the network’s launch and ongoing governance remain in the hands of its users.
Namada is poised to support IBC-based assets initially, but can be upgraded in the future to support additional ecosystems, with the aim of becoming the data protection layer for the entire multichain ecosystem.
About Namada
Namada is the shielded asset hub rewarding users to protect the multichain. By leveraging advanced zero-knowledge cryptography, Namada enables selective disclosure of personal data, offering unparalleled data protection across assets, applications, and blockchain networks. It introduces shielded cross-chain interactions and shielding rewards for users who protect their data and strengthen its shielded set.
Contact
PR Representative
Patrick Kennedy
Serotonin
patrick@serotonin.co
London, united kingdom, December 3rd, 2024, Chainwire
A New Chapter for Memecoins
Pepeto has raised over $1 million during its presale phase, drawing notable interest from the cryptocurrency community. Beyond its role as a memecoin, Pepeto aims to elevate the entire memecoin sector by introducing a bridge and exchange platform to support liquidity, accessibility, and collaboration among tokens. With plans to adopt all next-generation memecoins in the anticipated 2025 bull run, Pepeto is positioning itself as a cornerstone project within the crypto community.
Website upgrade and Early Opportunities
Pepeto has completed its Q4 2024 roadmap and is now progressing toward Q1 2025 milestones. As part of its ongoing growth, a recent update to its official website, https://pepetotoken.io, signals preparations for a potential announcement regarding PepetoSwap technology. With its evolving exchange ecosystem and growing interest, Pepeto is attracting early adopters ahead of broader market participation. Currently priced at just $0.000000094 and sharing the same total supply as Pepe (420T), Pepeto offers an opportunity for early engagement in the evolving memecoin landscape.
X post: https://x.com/Pepetocoin/status/1863555223060365357
Pepeto Unveils Upgrades Ahead of Beta Launch
Pepeto continues to expand, highlighted by ongoing development efforts to launch the beta version of its bridge and exchange technology during the presale period. The upgraded official website, https://pepetotoken.io, now offers enhanced functionality to support upcoming utilities like cross-chain trading and token listings, aiming to bring new capabilities to the memecoin sector. With presale prices rising at each stage and staking options providing extra incentives, the project offers early access to its evolving ecosystem through the official platform.
https://youtu.be/txhHCgGMWuA?si=FQ5qp08wrGdpB4Nu
Pepeto’s Utility: Bridge Ecosystem
Pepeto’s ecosystem distinguishes itself by providing tools designed to reshape the memecoin market:
- Zero-Fee Cross-Chain Trading: Pepeto enables seamless asset movement across blockchains without incurring fees, enhancing accessibility and reducing costs.
- Advanced Bridge Functionality: The Pepeto bridge locks tokens on one blockchain and mints equivalent wrapped tokens on another, working to ensure secure interoperability between ecosystems. This feature connects previously isolated networks, promoting greater collaboration and liquidity across the memecoin space.
- Token Listing Platform: Pepeto provides a space for memecoins, including Pepe Unchained, to list their tokens, fostering growth and visibility for emerging projects.
This comprehensive utility positions Pepeto as a key infrastructure project within the crypto community.
Pepeto’s Mythological Narrative
Pepeto’s mythological narrative, centered on its quest to gather six sacred documents, has intrigued the crypto community. The story of the God of Frogs highlights the project’s unique approach and evolving legacy. Additional details are available to interested users through Pepeto’s official website and social media channels at https://pepetotoken.io.
Conclusion
With over $1 million raised and a growing ecosystem designed to support memecoins, Pepeto is making strides in the market. Combining a unique narrative, innovative tools, and an expanding community, the project is positioned to gain traction ahead of the 2025 bull run. The PepetoSwap technology upgrade signals further developments on the horizon.
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.
Disclaimer
pepetotoken.io is the sole official platform for purchasing Pepeto tokens. Investors are encouraged to exercise caution and avoid unofficial sites. For accurate information, users can visit https://pepetotoken.io.
Social Media:
- X (Twitter): https://x.com/Pepetocoin
- YouTube Channel: https://www.youtube.com/@Pepetocoin
- Telegram Channel: https://t.me/pepeto_channel
- Instagram: https://www.instagram.com/pepetocoin/
- TikTok: https://www.tiktok.com/@pepetocoin
Contact
Head of MK
BAKER UCCIO
contact@pepeto.io
New York, United States, December 3rd, 2024, Chainwire
Smile Shop, the premier Asian e-commerce platform, has partnered with Conflux Network, China’s only regulatory-compliant public blockchain, to launch the BitUnion prepaid card. This partnership signifies a major expansion into global digital asset payment with cards welcome in 183 countries and regions.
The BitUnion prepaid card operates on the recently launched UnionPay International USD prepaid card framework. UnionPay International, the world’s second-largest card payment processor, ensures seamless financial transactions. Users can load funds onto the card to make online purchases, use it at point-of-sale machines, or withdraw cash from UnionPay ATMs across 183 countries. The card can also be linked with popular third-party payment platforms like Alipay and WeChat Pay. Whether offline or online, transactions are settled at real-time exchange rates between local currencies and USD. The account approval process is quick, and management fees are waived during the initial launch period.
As a key product in Conflux’s PayFi ecosystem, the prepaid card incorporates experienced security authentication systems from traditional finance. User data is managed by professional institutions, ensuring security and compliance. Fiat assets are held within the UnionPay account system, guaranteeing absolute security and reliability. The BitUnion prepaid card has obtained the highest-level financial security certifications, including 3DS and PCI-DSS, comprehensively protecting cardholders’ payment security.
The prepaid card will support digital asset transactions and transfers within the Conflux Network, leveraging the blockchain-based PayFi system to overcome limitations in traditional payment infrastructure. Introducing traditional financial models (from credit cards to invoice financing and reverse factoring) into blockchain creates a more integrated value network. Conflux’s PayFi (Pay Finance) addresses inefficiencies in traditional payment systems while keeping financial operations aligned with real-time data, creating a large-scale model for blockchain consumer application ecosystems.
As a high-performance Layer1 blockchain, Conflux has been at the forefront of technological advancements, particularly in the development of Stablecoins. They are now expanding their focus to encompass a comprehensive Payments infrastructure and cultivate the PayFi ecosystem. Aiming to become the blockchain of choice for consumer-grade Payments in the future, Conflux Foundation has committed 500 million CFX from the ecosystem fund to fuel the growth of PayFi stack components.
About Smile Shop
Smile Shop is a super e-commerce platform under Smile Shop Holdings Pte (Singapore), targeting Southeast Asian markets with the vision of becoming Southeast Asia’s most trusted fintech super e-commerce platform.
About Conflux Network
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security.
Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities including, Shanghai, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives.
Contact
Melissa Tirey
melissa@shift6studios.com
Zug, Switzerland, December 3rd, 2024, Chainwire
Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in decentralized physical infrastructure networks (DePIN), are teaming up to transform home-based mining through the launch of the Terminal Multi-Miner. This new mining device combines multi-token mining capabilities with decentralized protocol participation, providing a new way for users to engage with DePIN and the decentralized economy from the comfort of their homes.
Terminal Multi-Miner: a new gateway to home-based mining
The Terminal Multi-Miner from JDI supports multiple cryptocurrencies, including $DATA, $ANYONE, and other projects that are added through future updates. Its modular “mining lego” framework allows users to customize their setups for efficiency and flexibility, creating a straightforward way to engage with DePIN.
Terminal T2: A powerful multi-miner designed for seamless multi-token mining, supporting $DATA and other tokens.
The Terminal T2 model, scheduled for launch in Q1 2025, will enable seamless multi-token mining, featuring integration with projects such as the Streamr Network. With Terminal T2, users can receive $DATA while contributing to the Streamr protocol, simplifying participation in the ecosystem.
New accessibility in DePIN
The Terminal Multi-Miner is designed with everyday users in mind to make advanced crypto-mining technology more accessible. Its plug-and-play functionality is designed to lower technical barriers and allow more individuals to participate in DePIN and crypto mining.
“We have been fans of Streamr tech for some time, especially their severless capability—and we are excited to explore how we will leverage this against multiple data propagation use cases across the Terminal Multi-Miner Network” said Yiming Wang, Founder of JDI. “Together, Terminal and Streamr will deliver a unique, user-centric mining experience for Web3.”
Engaging with the Streamr Network and mining $DATA
The $DATA token of the Streamr Network plays a key role in the Terminal Multi-Miner. As one of the mining options available, $DATA allows users to actively participate in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.
“Our collaboration with JDI and Terminal represents an important step forward for DePIN and decentralized data networks,” said Matthew Fontana, CEO of Streamr. “By providing a simple, accessible way to participate in Streamr and other Web3 protocols, we’re helping to make DePIN more decentralized and scalable, critical for ensuring its long-term success.”
A partnership built on expertise
JDI, with a strong track record in hardware manufacturing for decentralized networks, has supported communities like DIMO and Helium, deploying over 500,000 devices. Streamr, a ‘DePIN original’ founded in 2017, complements this expertise with its scalable P2P infrastructure and tools, which has been trusted by more than 20 DePIN projects, including Flux, Arkreen, and Minima.
The Terminal Multi-Miner is just the beginning of what Streamr and JDI aim to achieve together in making DePIN a mainstream reality.
About Streamr
Streamr is building the real-time data protocol for the decentralized web. Its scalable, low-latency and secure P2P Network enables data broadcasting and monetization at scale. By powering applications for DePIN projects and beyond, Streamr aims to decentralize data pipelines and create new opportunities for data-driven innovation. To learn more, users can visit streamr.network.
About JDI Global Group Limited
Founded in 2016, JDI is a manufacturing and venture capital leader specializing in decentralized physical infrastructure networks. With investments in projects like Grass, Ator, and Geodnet, and hardware for networks like DIMO and Helium, JDI is shaping the future of Web3 and decentralized wireless networks. To learn more, users can visit jdiglobal.xyz.
Contacts
Chief Commercial Officer
Mark Little
Streamr
media@streamr.network
VP of Partnership
Andre Zhang
JDI
Andre.Zhang@jdi.xyz
Denver, USA, December 2nd, 2024, Chainwire
Dai Lo is thrilled to announce the successful acquisition of Fractal, which marks a pivotal moment for the future of blockchain technology and privacy innovation. After months of strategic discussions, the acquisition, completed for an undisclosed amount, positions The Dai Lo to harness Fractal’s groundbreaking ZK technology and revitalize its vision for the future.
The acquisition encompasses Fractal’s robust technology portfolio, token reserves, intellectual property, and, most importantly, its dedicated community. By integrating these assets, The Dai Lo aims to expand upon the exceptional work initiated by Fractal’s founders and deliver transformative solutions.
Fractal should be part of every technology stack in DeFi, AI, and others on every chain possible. Privacy is a killer app and should be an option on every application on every chain. Fractal aims to be used everywhere” – Gary Mitchell.
A Strategic Vision for Fractal
Earlier this year, The Dai Lo embarked on a journey to explore groundbreaking projects in the Bitcoin, UTXO, BRC20, and Runes ecosystems. Fractal stood out as a project with immense potential but lacked the momentum to realize it fully.
While Fractal demonstrated the capacity to operate as an independent Layer 1 (L1) or Layer 2 (L2) platform, its greatest value lies in serving as a foundational component for broader ecosystems, bridging blockchain and traditional Web2 applications. With privacy as a core focus, Fractal’s technology is uniquely positioned to redefine the market.
“It’s our belief that this project could achieve a $1 billion market cap or more,” said Gary Mitchell, The Dai Lo’s unofficial leader. “Our mission is to realize that potential and build a future where privacy is prioritized and celebrated.”
Meet The Dai Lo
The Dai Lo is a team of transformation specialists committed to identifying undervalued projects and driving them to success.
- Gary Mitchell (@GuyGaryMitchell): A startup veteran passionate about innovation, Mitchell brings a wealth of experience from the Ethereum, Cardano, and Solana ecosystems and will dedicate his focus entirely to Fractal.
- Yeolin Han (@_yeonglihan): A coding prodigy with expertise in UTXO chains and the RGBPP space, Han’s technical acumen will be instrumental in unlocking Fractal’s full potential.
- And a team of about 10 developers with expertise in AI, ZK, and other related technologies.
The Path Forward
Revitalizing Fractal’s community is the team’s top priority. Acknowledging frustrations from past mismanagement, The Dai Lo is committed to rebuilding trust, improving transparency, and expanding the community with new supporters who align with the project’s vision.
In tandem, the team is revisiting branding to return to Fractal’s roots as a privacy-focused project. With cutting-edge zero-knowledge technology in the pipeline, the long-term goal is to make Fractal scalable, reliable, and user-friendly.
“Privacy isn’t just a feature—it’s the foundation,” said Yeolin Han. “Fractal will empower users to decide what remains public and what stays private, revolutionizing on-chain transaction privacy.”
Additionally, “Fractal should be part of every technology stack in DeFi, AI, and others on every chain possible. Privacy is a killer app and should be an option on every application on every chain. Fractal aims to be used everywhere” said Gary Mitchell.
Acknowledgments and Looking Ahead
With the dissolution of Discreet Labs, the organization behind Fractal, The Dai Lo expresses its gratitude to all contributors who laid the groundwork for this acquisition. Special thanks go to Sam Harrison for his instrumental role in finalizing the deal.
The Dai Lo is excited to usher in a new era for Fractal, with ambitious plans to elevate the project to unprecedented heights. The team invites the community to join them in shaping the future of $FRA and blockchain innovation.
About Fractal Network
Fractal Network is a multi-layer network committed to applying zero-knowledge cryptography at every level of the Web3 stack. Our technology powers secured DeFi, asset tokenization, on-chain identity, private transactions, and more. Through applied zero-knowledge encryption, Fractal is creating a secure on-chain environment for all of Web3. Join our community on X, Telegram, or Farcaster to learn more.
Contact
Contributor
Gary Mitchell
Fractal
marketing@fra.tech
Ho Chi Minh, Vietnam, December 2nd, 2024, Chainwire
Ancient8 has received a major grant from Optimism’s Governance Fund, an important step forward in their mission to shape the future of Web3 gaming. As a proud member of the Superchain, Ancient8 is eager to step onto the acceleration phase of establishing a solid innovative ecosystem of developers, gamers, and creators, leveraging the interoperability offered by the Superchain.
This collaboration with Optimism highlights their mutual goal of creating scalable, decentralized, and user-friendly solutions. With the Ancient8 Layer2 chain proudly built on the Superchain, they’re fully integrated with Optimism’s infrastructure and well-positioned to leverage its powerful ecosystem.
https://www.youtube.com/watch?v=_2p5cw5TPD4&ab_channel=Ancient8
How the Grant Will Be Used
The Optimism grant will drive their efforts to expand the Ancient8 ecosystem, empower builders, and onboard a broader community to Web3. Key areas of focus include:
1 . Empowering Existing Projects
- Provide resources to enhance the quality and scalability of projects already building on Ancient8 Layer 2.
- Enable access to up-to-date technologies in the industry like Account Abstraction, AI-driven tools, and the Superchain interoperability.
- Drive sustainable development through optimized product shipping and distribution pipelines.
2. Incentivizing New Builders
- Attract major IPs and fresh projects to the Superchain by offering tailored support and incentives.
- Leverage their built-in growth protocols, including Space3 and Reneverse, to help developers bring innovative games and dApps to market.
- Support new and innovative solutions for gaming and consumer dApps built on the Superchain.
3. Fostering Community and Culture
- Ancient8 acknowledges the essential importance of product distribution and amplification of content creators and influencers.
- Strengthen user engagement with events, both online and offline, such as hackathons, meetups, and tournaments.
- Support content creators, gaming guilds, and DAOs to spread awareness of Ancient8 and the Superchain ecosystem.
- Build cultural affiliation among gamers, developers, and creators to amplify the onchain gaming experience.
The Next Chapter for Ancient8
This grant is a key step toward advancing the vision Ancient8 has been working on from the start – paving the way for a stronger Web3 gaming ecosystem and fostering greater adoption by collaborating with Optimism and the Superchain. In the months ahead, their focus will be on empowering developers, expanding the Ancient8 ecosystem, and strengthening collaboration across the Superchain.
Here’s how Ancient8 plans to move forward:
- Expand Ecosystem Interoperability: They will enhance Ancient8’s infrastructure to integrate smoothly with the Superchain, making it easier for developers and gamers to benefit from the modular infrastructure and dApps across Ancient8 and other OP Chains.
- Support Builders and Projects: Through upcoming grant programs, they’ll provide resources and tools for teams building with Ancient8, helping them bring great ideas to life and grow the ecosystem.
- Drive Mass Adoption: They’ll work on making Web3 gaming more accessible and enjoyable for Web2 users by creating easy-to-use, fun onchain experiences.
- Foster Community Contributions: Ancient8 will reward and amplify contributions from community members, content creators, and IP owners to grow the Ancient8 and Superchain ecosystem.
- Encouraging Innovation: The Ancient8 Builder Jam Hackathon kicks off on November 20, 2024, bringing developers together to build creative games and solutions on Ancient8’s Web3 infrastructure.
Readers can visit Ancient8’s ecosystem at https://ancient8.gg/ecosystem.
Built on the Superchain, Built for the Future
Ancient8 is built on the Superchain, aligning with Optimism’s vision of scalable and inclusive blockchain solutions. With this grant, they will amplify efforts to onboard millions of gamers and builders into Web3, fostering a vibrant and innovative gaming ecosystem.
As part of these efforts, Ancient8, in collaboration with Kyros Ventures, ZKP Labs, and Orochi Network, is hosting the Ancient8 Builder Jam Hackathon, a Web3 hackathon to empower innovators, builders, and entrepreneurs to turn bold ideas into reality, offering prizes of up to $400,000. Readers can join the movement to shape the future of Web3 gaming by participating in the Builder Jam Hackathon at https://builderjam.ancient8.gg/.
About Ancient8
Ancient8 is building an ETH gaming Layer 2 built with OP Stack. They offer a suite of Web3 gaming infrastructure tools that serve as the distribution and marketing channel for games globally. With Space3 Game Publishing Platform, Ancient8 Gaming Guild, ReneVerse Web3 Ads engine, A8ID, and Gosu Network, Ancient8 is dedicated to onboard millions of gamers to Web3 gaming, while providing support to game developers looking to reach more players. Ancient8’s products have helped 100+ Web3 games and 200K+ users better navigate Web3.
Ancient8 has raised $10M in total financing from leading investors including Pantera, Dragonfly, Hashed, Makers Fund, Mechanism, Coinbase, IOSG, Jump, and Animoca.
Website | Twitter | LinkedIn | Blog | Discord | Facebook | Telegram | YouTube
Contact
Core contributor at @ancient8_gg
Zane Nguyen
Ancient8
zane@ancient8.gg
Ramat Gan, IL, December 2nd, 2024, Chainwire
Playnance has announced a significant surge in daily trading volume on its innovative blockchain, PlayBlock, over the past 10 days. The launch of its pioneering CopyTrader feature has been a key driver of this growth, with data revealing a strong correlation between the introduction of CopyTrader and the platform’s soaring daily turnover. Traders worldwide are turning to Playnance, leveraging CopyTrader to enhance their performance while contributing to the ecosystem’s rapid expansion.
Notable Milestones Achieved
In the last 10 days, PlayBlock has achieved:
- Unprecedented Daily Turnover: Breaking previous records, Playnance is solidifying its position as a global blockchain leader.
- Surging Trader Engagement: The CopyTrader feature has fueled a wave of activity, with traders capitalizing on the opportunity to replicate the success of top performers.
- Global Demand Growth: PlayBlock continues to attract a diverse user base, blending Web2 and Web3 audiences through its innovative tools and seamless experience.
“The introduction of CopyTrader has been transformational, driving both daily turnover and trader engagement to new heights,” said Pini, CEO of Playnance. “This correlation between CopyTrader adoption and our record-breaking growth underscores the value of our platform and its ability to empower traders at all levels.”
CopyTrader: Innovating Blockchain Trading
The newly launched CopyTrader feature is changing the game for traders, offering:
- Real-Time Strategy Replication: Users can follow top-performing traders, mirroring their trades instantly for optimized results.
- Customizable Risk Management: Users can set personalized parameters such as trade amounts and limits to match individual goals.
- Seamless Rewards: Automated smart contracts ensure winnings are directly credited to user wallets after each round.
- Enhanced Engagement: By lowering the barrier to entry for strategic trading, CopyTrader has attracted new users while encouraging higher activity among existing traders.
UpVsDown.com: The Engine Behind PlayBlock’s Growth
Playnance’s flagship dApp, UpVsDown.com, continues to drive the ecosystem’s success. Known for its dynamic prediction market gameplay, UpVsDown.com has seen increased activity correlated with the CopyTrader feature, offering:
- Gas-Free Transactions: Eliminating fees allows traders to potentially maximize earnings.
- Skill-Based and Transparent Gameplay: Users enjoy a fair and engaging environment supported by blockchain technology.
- Global Accessibility: With an intuitive interface, the platform bridges the gap between traditional and decentralized trading communities.
PlayBlock: A Foundation of Innovation
PlayBlock continues to set new standards in blockchain technology, combining:
- Massive Scalability: Supporting 40,000 transactions per second, the platform accommodates rapid growth and high-frequency trading.
- Zero-Gas Efficiency: Cost-free transactions enhance both trader engagement and developer adoption.
- Stable Ecosystem: Backed by the USD-pegged USDP, PlayBlock ensures reliable and user-friendly transactions.
Playnance’s Vision: Advancing the Evolution of Trading
As CopyTrader adoption grows, Playnance is committed to expanding its ecosystem, enhancing tools, and supporting its rapidly increasing global community. The platform’s ability to correlate innovative features like CopyTrader with tangible growth highlights its potential to redefine blockchain trading.
About Playnance
With headquarters in Ramat Gan, Israel, and offices in Dubai, UAE, Playnance is a Web3 leader delivering advanced blockchain solutions for trading, gaming, and decentralized finance. Anchored by its Layer-3 blockchain, PlayBlock, and its flagship dApp, UpVsDown.com, Playnance is driving global Web3 adoption through innovation and record-breaking performance.
Users can follow Playnance On X for more information on PlayBlock and the Playnance ecosystem, visit their official website, explore UpVsDown, and experience the new CopyTrader feature.
Contact
Founder & CEO
PIni
Playnance
Pini@playnance.com
Hong Kong, Hong Kong, December 2nd, 2024, Chainwire
usdx.money, a stablecoin infrastructure project, announced it has raised $45 million in the latest round of financing. The round puts the project’s valuation at $275 million. Investors for this round include NGC, BAI Capital, Generative Ventures, and UOB Venture Management, with a portion of the investments made in the form of warrants. Its pre-existing investors are Dragonfly Capital and Jeneration Capital.
usdx.money aims to build the next-generation stablecoin infrastructure, with USDX as its first stablecoin product. After concluding a successful funding round, usdx.money is accelerating its ecosystem efforts for increased adoption of USDX, with a focus on:
- USDX liquidity: bootstrapping USDX liquidity in leading DEXs, including Pancakeswap, Uniswap, Balancer, and Curve
- DeFi integration: integrating USDX as collateral in various DeFi money market and perpetual protocols
- Innovative payout model: providing non-correlated dollar payouts for USDX users
- Stablecoin infrastructure: enabling other stablecoin issuers to leverage usdx.money infrastructure
- Payment rails: providing alternative payment service for the underserved population
About usdx.money
usdx.money is a secure, decentralized, and bankless synthetic stablecoin issuer, dedicated to building the next generation of stablecoin infrastructure. By connecting decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi), usdx.money provides efficient and stable financial solutions to meet the diverse needs of its users.
About the support team
usdx.money is powered by Stables Labs and is committed to driving rapid growth in the stablecoin space through innovative technologies and proven solutions.
For more information, users can visit usdx.money.
Contact
Marketing team
usdx.money
mkt@usdx.money
Gibraltar, Gibraltar, November 29th, 2024, Chainwire
Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits, and borrow various digital assets.
Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the decentralized finance (DeFi) ecosystem. Hydration introduces on-chain prioritized liquidations, a mechanism designed to minimize losses and prevent exploitation during liquidation events.
The platform operates as a fork of the AAVE v3 protocol, offering over-collateralized borrowing capabilities and enabling users to explore advanced strategies, such as leveraging positions and arbitraging interest rates. These features cater to users seeking diverse, risk-adjusted financial strategies within the DeFi space.
Hydration’s launch is a step forward in its mission to democratize access to financial tools while ensuring sustainable protocol development. The project’s focus on transparency and user-centric design aligns with the broader goals of fostering a robust, decentralized financial ecosystem.
For more information, users can visit hydration.net, app.hydration.net or follow Hydration on X (formerly Twitter).
About Hydration
Hydration is a blockchain-based platform dedicated to enhancing financial accessibility and innovation through decentralized tools. By leveraging Polkadot’s scalability and interoperability, Hydration aims to empower individuals and institutions with secure, transparent, and efficient solutions for borrowing, lending, and managing digital assets.
Contact
Valery Hydrator
valery@intergalactic.limited
New Dehli, India, November 28th, 2024, Chainwire
UnGraduate Gamer, a prominent Indian YouTuber with over 11M subscribers and nearly 2bn views, is set to launch the $UGG token. This meme coin aims to merge India’s rapid blockchain growth with the global popularity of meme coins, offering a novel approach to creator-driven crypto ventures.
India’s rise as a global leader for crypto adoption, positions it as an ideal launchpad for $UGG, driven by UnGraduate Gamer, one of the country’s prominent content creators. With a significant following and a role that highlights India’s expanding presence in the digital assets landscape. With meme coins gaining traction worldwide, the timing of $UGG’s launch may be well positioned to capture the growing intersection of influencer-driven crypto and social media virality.
Meme coins have rapidly evolved into a prominent trend in the crypto world. With ‘TikTok meme tokens’ now a top trend, $UGG could be positioned to spark a viral ‘YouTuber meme token’ movement, leveraging social media buzz to amplify its reach.
Recent successes like Iggy Azalea’s $MOTHER, which achieved an all-time high market cap of $143M, and Brazilian influencer Rezende’s $RZNDE, which reached an all-time high of 102x, showcase the power of creator-driven tokens. Building on this momentum, $UGG could carve its place as a notable contender, fuelled by UnGraduate Gamer’s extensive reach and India’s vibrant crypto community.
The token will launch on the Solana Network via a fair launch model, starting with an initial market cap of $25,510, guaranteeing an equal opportunity for fans and traders. It will be available for trading on the Raydium DEX.
The launch is supported by XCAD Network and Ape Terminal, providing strong backing from proven platforms. XCAD Network, known for creator-branded tokens, provides reliable infrastructure, while Ape Terminal, a highly regarded IDO platform backed by investors like Coinbase Ventures, Amazon, and Binance Labs, adds further credibility and market support to the project.
UnGraduate Gamer has has generated significant momentum for $UGG’s debut through YouTube, Instagram, live streams, and Telegram, rallying his audience across multiple platforms. His entry into the meme token space taps into a growing trend of influencers using Web3 technologies to engage fans on a deeper level. By leveraging the viral power of meme culture and a substantial social media following, $UGG aims to reshape creator-driven crypto ventures, capitalising on India’s booming crypto market and the global meme coin phenomenon.
About Ayush Dubey
Ayush Dubey, popularly known by his YouTube channel name Ungraduate Gamer, is a renowned Free Fire content creator and Indian Esports (Free Fire, PUBG, BGMI, COD) Player. He has a massive subscriber count of 11 million on YouTube. On his channel, visitors can find posts related to the latest Esports Tournaments, Trending BGMI Videos, product reviews, and more.
For updates on the fair launch of $UGG on November 29th, 2024, at 3 PM UTC, users can UnGraduate Gamer across his official channels:
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Meme Spotlight
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