chainwire

Bitget Lists Treat (TREAT) Token, Launches Exclusive Campaign with 87.45 Million TREAT Prize Pool

Victoria, Seychelles, January 13th, 2025, Chainwire

Bitget, the leading cryptocurrency exchange and Web3 company has announced the listing of Treat (TREAT), a utility token developed by the Shiba Inu ecosystem. Trading for the TREAT/USDT pair will begin on January 14, 2025, at 11:00 (UTC). Deposits are already open, and withdrawals will be enabled from January 15, 2025, at 12:00 (UTC).

To celebrate the listing, Bitget is launching an exclusive Launchpool campaign, where users can lock BGB or USDT to share in a total prize pool of 87,450,000 TREAT. The locking period runs from January 14, 2025, at 11:00 (UTC) to January 17, 2025, at 11:00 (UTC). Of the total rewards, 79,500,000 TREAT will be allocated to participants in the BGB campaign pool, while 7,950,000 TREAT is designated for those locking USDT.

About Treat (TREAT)

TREAT is a pioneering “utility meme” token that serves as the final piece in the Shiba Inu decentralized ecosystem. Developed by the creators of SHIB, a top cryptocurrency by market capitalization, TREAT is integral to Shiba DAO governance. It empowers the community to influence key decisions, including partnerships, charitable initiatives, and token burn mechanisms.

Beyond governance, TREAT introduces advanced functionalities such as secure data protection through fully homomorphic encryption (FHE), simplified tools for business creation, and innovative staking and rewards mechanisms for the Shiba Inu network. By bridging Web2 and Web3, TREAT facilitates the integration of decentralized technologies into mainstream applications, enabling mass adoption by individuals, entrepreneurs, businesses, and governments.

The TREAT token operates as an ERC-20 asset, and its contract address is 0xa02C49Da76A085e4E1EE60A6b920dDbC8db599F4. Additional resources, including the official website and social media links, provide further details for interested users.

Special Limited-Time Offer

As part of the listing celebration, Bitget is offering zero-fee purchases of TREAT via credit and debit cards for a limited period. Users can buy TREAT with over 140 supported currencies, including EUR, GBP, AUD, and BRL, among others.

Risk Disclosure

Cryptocurrencies are highly volatile and subject to significant market risk. Investors are encouraged to conduct thorough research and exercise caution when trading. Bitget does not guarantee financial returns and is not liable for any losses incurred.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA, and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

Contact

Public Relations
Media
Bitget
media@bitget.com

“Blockchain Gaming” Documentary Explores Indie Game Development in Web3 and the Polkadot Ecosystem

Zug, Switzerland, January 11th, 2025, Chainwire

Viewers will discover how blockchain technology empowers indie developers to innovate and overcome industry challenges

Blockchain Gaming – Indie Games On-chain“, a Web3 documentary on indie gaming and the Polkadot ecosystem, officially debuts Saturday, January 11th at 9AM ET. The film offers an in-depth look at the intersection of indie game development and blockchain technology. Directed by award-winning photographer, Pnin the film serves as an accessible exploration of the fast-growing Web3 gaming industry.

The documentary provides an introduction to the possibilities of Web3 gaming, delving into the innovation and opportunities it presents for both players and developers. “Blockchain Gaming…” takes a warts-and-all, candid approach to exploring the challenges, skepticism, and negative sentiment surrounding blockchain from traditional gamers, and ultimately shows why blockchain is a natural, productive, and future-proof home for indie game development.

Featuring interviews with Polkadot-native game dev teams like Evrloot, Ajuna Network, Dot Play, and Team Step, the film also includes man-on-the-street interviews for a grassroots perspective and the perception of blockchain in traditional game development circles from non-crypto indie developer, Celrage.

By spotlighting the challenges indie developers face in traditional gaming and how blockchain addresses them, the documentary aims to onboard curious creators seeking transparent, objective information. With an emphasis on tech and transparency, it offers an opportunity for developers to learn about Polkadot’s ecosystem and its vibrant community.

“I have always preferred to let my work speak for itself,” said the film’s Director, Pnin, who self-funded the production over 2.5 months, shooting and editing 3.5 TB of raw footage across international locations. “This documentary is about passion, not just technology—showcasing the depth of the ecosystem and the dedication of its developers.”

By bridging traditional industry challenges with blockchain solutions, Blockchain Gaming provides a compelling case for Polkadot as a leader in Web3 gaming innovation.

To watch the documentary, users can visit the Kusamarian Youtube channel.

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.

Contact

Jonathan Duran
jonathan@distractive.xyz

FLock.io Launches FL Alliance, Empowering Users to Train AI Models with Everyday Devices

London, UK, January 10th, 2025, Chainwire

FLock.io, the private AI training platform, has launched the next step in training large-scale AI models through its platform, FL Alliance. This decentralized system enables users worldwide to collaborate in the training and enhancement of AI models, using everyday devices like laptops, PCs, and tablets as training nodes. FLock.io empowers individuals to build personalized large language models (LLMs) and earn token rewards, all while ensuring complete data privacy.

Unlike traditional AI training methods, which often rely on centralized data collection, FLock.io’s platform is designed to keep user data private and secure. The FL Alliance offers users the opportunity to participate in AI creation, contributing to model improvement and training, without compromising their personal information. By utilizing consumer-grade devices, FLock.io allows anyone to join the AI training process and be rewarded for their involvement.

The platform is focused on LLM training, rather than solely leveraging inference. This allows users to participate in fine-tuning advanced AI systems, like Lama, using a decentralized approach. Devices are connected in a distributed environment, where the master node coordinates tasks, and worker nodes provide the necessary computing power. This system allows users to train AI models efficiently using minimal resources while maintaining privacy.

“At FLock.io, we believe in empowering individuals by decentralizing AI training and ensuring complete privacy,” said Jiahao Sun, Founder and CEO at FLock.io. “With FL Alliance, we’re building a future where users can actively contribute to AI development without sacrificing their data. This is the beginning of a new era – one where innovation and privacy go hand in hand.”

FLock.io’s platform also integrates a unique voting system, enabling participants to evaluate model performance using their own data. This feature ensures that contributors are rewarded based on the success of their efforts, creating a dynamic environment for all users.

Users can learn more about getting involved in shaping the future of decentralized AI training here. Users can join the FL Alliance private beta today at alliance.flock.io.

About FLock.io

FLock.io is a community-driven platform facilitating the creation of private, on-chain AI models. By combining federated learning with blockchain technology, FLock.io offers a secure and collaborative environment for model training, ensuring data privacy and transparency. FLock.io’s ecosystem supports a diverse range of participants, including data providers, task creators, and AI developers, incentivizing engagement through its native FLOCK token. Learn more at FLock.io.

Contact

FLock.io
press@hype.partners

Binance Lists ChainGPT (CGPT): Unlocking a New Era for AI-Powered Blockchain Solutions

Dubai, United Arab Emirates, January 10th, 2025, Chainwire

ChainGPT (CGPT), a pioneer in blockchain AI solutions is delighted to be listed on Binance, the world’s leading cryptocurrency exchange.

The inclusion of ChainGPT (CGPT) on Binance represents an important development for both the project and the exchange’s users. ChainGPT focuses on utilizing AI to address challenges in the blockchain space, aligning with Binance’s commitment to supporting innovative technologies.

This listing increases the global visibility of ChainGPT and improves the accessibility and tradability of CGPT tokens for Binance’s extensive user base. Additionally, it contributes to ChainGPT’s efforts to expand its ecosystem and provide AI-driven tools and solutions for developers and businesses.

Commenting on this, Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software said, “We are thrilled to be listed on Binance. This listing highlights the growing importance of artificial intelligence in blockchain technology. As the demand for smarter, more efficient blockchain tools rises, projects like ours are poised to lead the way. The Binance listing is a validation of ChainGPT’s potential to drive meaningful innovation in the space.”

Details of the Listing:

  • Trading Pairs: CGPT/USDC, CGPT/USDT
  • Deposit Availability: Deposits for ChainGPT (CGPT) are now open, allowing users to prepare for trading.
  • Withdrawal Opening: Withdrawals will be available starting January 11, 2024, at 13:00 (UTC).
  • Listing Fee: Binance has waived the listing fee for this token.

Along with ChainGPT, AIXBT by Virtuals (AIXBT), and Cookie DAO (COOKIE) will also be listed on Binance. For further details, users can visit Binance’s official announcements page.

About ChainGPT 

Incepted in 2023, ChainGPT is a leading provider of AI-powered tools for the blockchain and Web3 industries. It emerged as a project to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web3 ecosystem. Leveraging advanced AI techniques, ChainGPT enhances blockchain functionality with its tools and applications, including SDKs and APIs for automated smart contract generation, a Web3 AI chatbot, an NFT generator, and an IDO launchpad. With established partnerships and collaborations with industry leaders such as Google, Nvidia, and BNB Chain, ChainGPT continues to pioneer efficient and user-friendly AI solutions in the blockchain space.

As a relatively young but rapidly growing project, ChainGPT’s mission is to revolutionize the intersection of blockchain and AI, with a vision to unlock the potential of autonomous AI agents in Web3.

Users can learn more at: https://www.chaingpt.org/

General Resources:

Website | Crypto AI Hub | ChainGPT Labs | ChainGPT Pad | CryptoGuard

CGPT DAO | AI NFT Generator | Staking | Blog |

Community and Social Media:

Twitter | Pad Twitter | Telegram | TelegramBot | Discord | Instagram | LinkedIn | YouTube | TikTok

For Media Queries

Richa | richa@chaingpt.org & Sharon | sharon@chaingpt.org 

To learn more about ChainGPT, users can visit the official ChainGPT.org website

For all inquiries, users can contact support@chaingpt.org 

Contact

PR Lead
Richa
ChainGPT
richa@chaingpt.org

Bitget Launches Isolated Spot Margin Trading for SONIC/USDT

Victoria, Seychelles, January 10th, 2025, Chainwire

Bitget, the leading cryptocurrency exchange and Web3 platform, is excited to announce the launch of isolated spot margin trading for the trading pair SONIC/USDT, further expanding its suite of trading options for users. 

To celebrate the listing of this new trading pair, Bitget is introducing an exclusive perk for users. As part of the promotion, spot leverage cut-rate coupons or trading bonuses will be randomly distributed to users’ accounts. These coupons allow traders to leverage their positions at low or zero interest rates, providing a cost-effective way to engage in margin trading. Trading bonuses, on the other hand, can be used directly within margin trading, giving users additional resources to explore new strategies and opportunities. This initiative not only makes margin trading more affordable but also empowers traders to maximize their potential earnings while minimizing costs.

As one of the leading crypto trading platforms globally, Bitget offers an extensive selection of tokens across spot and derivatives markets, with over 800 assets from ecosystems such as Ethereum, Solana, Base, and TON. The addition of SONIC/USDT in spot margin trading corridor underscores Bitget’s commitment to providing innovative trading solutions and enhancing user accessibility to promising assets like SONIC.

For more details on the isolated spot margin trading for SONIC/USDT, visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA, and LATAM markets, as well as a global partner of the Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to their Terms of Use.

Contact

Public Relations
Media
Bitget
media@bitget.com

SEED secures investment from Sui Foundation to build a 100M-user Web3 Gaming Ecosystem on Sui

Panama, Panama, January 10th, 2025, Chainwire

Despite the billions invested in Web3 gaming as a key catalyst for mass adoption, the industry faces significant challenges from complicated onboarding to unsustainable growth. While Telegram Miniapps have gained traction as a promising solution, their shallow gameplay and lack of on-chain integration are major barriers for them to sustain. This is where SEED will stand out, combining engaging gameplay with true on-chain integration.

SEED has secured a strategic investment from Sui Foundation, the organization dedicated to promoting the growth of the Sui blockchain, to unlock its transformative potential in Web3 gaming. This collaboration is focused on building a next-generation on-chain gaming ecosystem that combines sustainability, scalability, and innovation. United by a shared vision, SEED and Sui seek to pioneer the first sustainable Web3 gaming ecosystem on Sui with 100 million users and establish a ‘blueprint’ for the future of Web3 games.

With over 60 million users, SEED App isn’t just looking for scalability and low fees. With the support of Sui Foundation, SEED will gain an opportunity to co-build and shape the future of mass-user gaming, a key area for blockchain growth. On Sui, SEED becomes an important part of the Sui ecosystem, working closely with a supportive team to research, innovate, and grow together.

Strategic Investment and Ecosystem Growth

From a Telegram Miniapp, SEED is transforming into a mass messenger-based on-chain gaming ecosystem centered around a groundbreaking game inspired by the global appeal of Pokémon Go. Enhanced with VR, AI, and true on-chain logic, the next version of SEED will offer immersive gameplay fully connected to the blockchain, surpassing the shallow mechanics of current Miniapps.

Beyond its flagship game, SEED’s vision extends further. The two companies will support a durable ecosystem of games and applications through the SEED Combinator Program for startups, creating a self-sustaining Web3 ecosystem. Furthermore, this collaboration includes a commitment to jointly research fully on-chain games, develop advanced tools and infrastructure for builders, and host initiative programs to support developers within the ecosystem.

“Our partnership with SEED reflects a shared vision of leveraging blockchain technology to improve the gaming experience,” said Christian Thompson, Managing Director of Sui Foundation. “By leveraging Sui’s innovative infrastructure and unmatched scalability, we are excited to co-create a self-sustaining Web3 movement that empowers developers and engages millions of users worldwide.” 

“At SEED, we believe in partnering with ecosystems that drive real impact. Choosing Sui as our technical backbone, with its unmatched scalability, efficiency, and developer-friendly architecture, enables us to empower builders and accelerate innovation. With Sui, we’re equipped to deliver on our mission at a whole new level.” – Dees, CEO of SEED.

About SEED

From the leading Play-to-Earn Telegram Miniapp with over 60 million players, SEED is evolving into the top RPG in Web3 gaming, inspired by the success of games like Pokémon Go and Axie Infinity. Leveraging the power of VR, AI, and seamless messenger-based onboarding, SEED not only ensures mass accessibility but also creates an engaging and interconnected gaming universe.

Website | Twitter | Telegram Channel

Media contact:

Alex Zhang

alex@seeddao.org

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications at unrivaled speed and low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build user-friendly experiences. For more information about Sui, users can visit https://sui.io.

Media contact:

media@sui.io

Contact

Head of Partnership
Alex
SEED Combinator
alex@seeddao.org

Nexera Announces First Compliance-Ready Layer 1 for Institutional On-Chain Capital Markets

Utrecht, Netherlands, January 9th, 2025, Chainwire

Nexera announces the launch of its Layer 1 blockchain purpose-built to meet the demands of institutional on-chain capital markets. By embedding compliance, interoperability, and scalability at its core, Nexera Chain delivers a comprehensive solution for real-world asset tokenization, bridging traditional and decentralized finance.

This innovative blockchain integrates advanced AI-driven tools for compliance, enabling automated Know Your Customer (KYC), Know Your Business (KYB), Know Your Transaction (KYT), Anti-Money Laundering (AML), and Travel Rule enforcement. Nexera Chain ensures every participant and transaction adheres to global regulatory standards, providing institutions with the confidence to operate in a rapidly evolving regulatory landscape. Its design aligns with the principles of frameworks such as the EU’s Markets in Crypto-Assets (MiCA), offering a strong foundation for compliance without compromising efficiency or innovation.

Nexera Chain stands out by addressing the long-standing challenges of blockchain adoption in institutional markets. Its compliance-first infrastructure eliminates the inefficiencies and security gaps caused by fragmented solutions, ensuring seamless integration of regulatory requirements.

The blockchain’s omnichain interoperability enables fluid connections across public and private networks as well as legacy systems. This removes barriers to liquidity and data flow, paving the way for institutions to scale their tokenization efforts while maintaining the highest standards of compliance and security.

The platform also simplifies tokenization for developers and enterprises with its developer-friendly APIs, SDKs, and white-label solutions. These tools streamline the process of bringing both tangible and digital assets on-chain, ensuring compliance across the entire asset lifecycle.

Central to Nexera Chain is the ERC-7208 standard, a universal framework for managing tokenized assets, data, and identity across multiple networks. By standardizing these components, ERC-7208 supports consistent cross-chain activity and unlocks new opportunities for businesses to innovate within a scalable, interoperable environment.

With over $1 billion in aggregate value represented across the Nexera ecosystem, including applications in tokenized real estate, art, carbon credit, GPUs, and more, Nexera Chain demonstrates its ability to deliver measurable value. Its unified infrastructure bridges the gap between traditional financial systems and blockchain technology, creating a compliant, scalable, and efficient platform for institutional adoption.

“Over the past six years, we’ve meticulously developed advanced modules for compliance, tokenization, and data. With the launch of Nexera Chain, we’re uniting blockchain technology and modern capital markets in a single robust ecosystem. By integrating low-cost transactions and institutional-grade compliance at the protocol level, Nexera Chain enables secure, efficient on-chain financial operations. Nexera Chain redefines how capital markets embrace digital assets and decentralized finance.” said Rachid Ajaja, Founder & CEO of Nexera

Nexera Chain’s launch represents an important leap forward for blockchain adoption in institutional markets. By embedding compliance and interoperability into its core, it lays the groundwork for secure, scalable, and compliant participation in global tokenized markets.

About Nexera Chain

Nexera Chain is the first compliance-ready Layer 1 blockchain purpose-built to meet the demands of institutional on-chain capital markets. By embedding compliance, interoperability, and scalability at its core, Nexera Chain delivers a comprehensive solution for real-world asset tokenization, bridging traditional and decentralized finance.

Contact

PR Manager
Ramsey Shallal
Nexera Network
ramsey@gelocubed.com

Lava Network Utility Token $LAVA Lists on Bybit, KuCoin, Gate Exchanges

Georgetown, Cayman Islands, January 9th, 2025, Chainwire

Lava Network, a protocol coordinating dapp and AI agent traffic on any blockchain, is announcing the listing of its $LAVA utility token on ByBit, KuCoin, Gate, and MEXC with trading beginning today, Thursday, January 9, 2025, at 10:00 AM UTC. 

Lava is a novel protocol providing users with a fast and reliable experience interacting with blockchain apps. At the heart of the system is the LAVA ($LAVA) token, which routes user traffic, such as DeFi transactions and data queries, between wallets, data providers, and blockchains. LAVA holders are integral to the network, staking their tokens to direct traffic to the fastest and most reliable providers. This drives superior performance and scalability across 40+ chains, with Lava processing over 100 billion transaction requests to date, making LAVA an essential tool for maintaining a high-performing network with minimal downtime. 

Key integrations with Lava Network include leading dApps and enterprises such as Keplr, Paraswap, Axelar, and Hypernative, all of which depend on LAVA to keep their user traffic flowing smoothly and efficiently.

Strong Fundamentals Behind $LAVA

Lava’s rapid growth is backed by its robust fundamentals. Since its Mainnet pre-launch in late July 2024, the network has secured over $3.5 million in ARR and $1m+ in onchain revenue. Its tokenomics model fosters long-term value: LAVA’s supply is capped at 1 billion tokens, with no inflationary mechanisms. All investor and team allocations are locked until 2026. LAVA’s tokenomics include a monthly burn mechanism that dynamically adjusts to attract more data providers to the network, with 1.5% of the total token supply burned so far.

Lava also offers a first-of-its-kind revenue-sharing model where contributors can potentially earn rewards directly in the native tokens of supported blockchains. Over $1 million is currently being distributed in native tokens such as AXL, NEAR, and USDC, to LAVA stakers and data providers for securing and optimizing the protocol. Staking rewards can be explored at pools.lavanet.xyz, offering users a direct incentive to participate in the network’s growth.

“Blockchains are digital cities with their own economies,” said Amir Aaronson, Head of the Lava Foundation. “As humans and AI agents increasingly move onchain, they need reliable roads to carry their transactions and data. $LAVA powers these roads, ensuring the free flow of digital commerce. Owning a piece of the Lava Network is like owning a share in the infrastructure that keeps these cities running.”

Magma Devs, a contributor to Lava, raised $15M from prominent investors such as Hashkey, Tribe, and Jump, while Lava Foundation secured over $11M in a private token round from leading founders and community members from Cosmos, Polkadot, Filecoin, and NEAR. Lava is positioned as the protocol managing traffic from AI agents and dapps on every blockchain.

For more information, users can visit lavanet.xyz

About Lava Network

Lava Network enables 24/7 access to blockchain apps, with minimal downtime. 

Lava is a protocol which coordinates traffic from AI agents, apps and wallets on every blockchain. Lava aggregates RPC providers and directs the flow of transactions and data queries such as your wallet balance, based on the speed and reliability of the provider. The protocol has secured $3.5m+ in revenue, with chains and apps like NEAR, Starknet, Filecoin, and Axelar already paying LAVA stakers and providers $1m+ to offer ultra-reliable service. 

Contact

Rachel McIntosh
Lava Network
rachel@angle42.co

Polkadot‘s Largest LST – vDOT, Reached $2.2M Supply Cap on Hydration MM within 15 Hours

Singapore, Singapore, January 10th, 2025, Chainwire

Bifrost has announced that vDOT, Polkadot‘s largest liquid staking token (LST), has been listed as a collateral asset on Hydration Money Market. Within 15 hours of opening deposits and borrows, vDOT reached the supply cap of 220K and surpassed $2.2 million in Total Value Locked (TVL) pushed by DOT leveraging demand.

The integration of vDOT into Money Market allows for new strategies for Polkadot’s DeFi participants: By staking Polkadot (DOT), participants receive vDOT, which can be used as collateral to borrow additional DOT. This process allows for the possibility of repeating the cycle to explore strategies aimed at optimizing returns.With this introduction, Bifrost is unlocking the opportunities of what’s possible in Polkadot DeFi, creating synergies and flywheels for the ecosystem. Users are offered the opportunity to earn dual yields, borrow against their staked tokens without sacrificing liquidity, and leverage their positions for higher yields. This synergy also enhances DOT market liquidity, drives user adoption, and exemplifies the DeFi composability of Polkadot ecosystem, making vDOT as a cornerstone asset within the Polkadot ecosystem.

For more information, users can visit app.bifrost.io or follow Bifrost on X.

About vDOT

Bifrost’s vDOT, short for “voucher DOT,” is a reward-bearing liquid staking token (LST) issued by the Bifrost Staking Liquidity Protocol. vDOT represents staked DOT on the Polkadot Relay Chain and accrues staking rewards, reflected as an increase in its value rather than its quantity.

As Polkadot’s largest DOT LST, vDOT boasts a total locked value of over $50 Million, enabling users to maximize their capital efficiency while benefiting from staking rewards.

About Bifrost

Bifrost is a liquid staking appchain tailored for all blockchains, utilizing decentralized cross-chain interoperability to empower users to earn staking rewards and DeFi yields with flexibility, liquidity, and high security across multiple chains.

Contact

Wonder
wonder@bifrost.io

Bitget Launches BGBTC Season 1: Unlocking Benefits

Victoria, Seychelles, January 10th, 2025, Chainwire

Bitget, the leading cryptocurrency exchange and Web3 platform, to better comply with the platform’s rules and regulations, as well as local authorities’ requirements, has implemented withdrawal limits for all P2P users. These limits are designed to provide users with clear boundaries for purchasing cryptocurrency with fiat and selling cryptocurrency for fiat on a daily, weekly, and monthly basis.

The withdrawal limits are categorized for both regular users and merchants. Each user is allotted specific buying and selling limits depending on the time period. For daily transactions, the buying limit is set at 3,000,000, with no specified limit for selling. Weekly, the buying limit extends to 30,000,000, and similarly, there is no defined cap for selling. The same limits apply for monthly transactions, allowing users to purchase up to 30,000,000 while selling remains unrestricted.

Merchants on the platform are subject to the same limits as users. Daily buying limits are capped at 3,000,000, while weekly and monthly buying limits reach 30,000,000. Selling limits, however, remain unlimited across all time frames for merchants as well.

The daily limits apply from 0:00 to 24:00 (UTC+8), while weekly limits reset every Monday at 0:00 and run until Sunday at 24:00 (UTC+8). Monthly limits are calculated on a rolling 30-day basis from the beginning of the calendar year. This update ensures compliance with applicable regulations while maintaining a seamless and secure trading environment for all Bitget P2P users.

For more details on P2P Withdrawal Limit, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA, and LATAM markets, as well as a global partner of the Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to their Terms of Use.

Contact

Public Relations
Media
Bitget
media@bitget.com

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