London, UK, October 21st, 2024, Chainwire
ApeExpress has officially launched on ApeChain, offering a streamlined platform for users to create and deploy tokens quickly, tapping into meme culture and emerging trends. This new service allows anyone to launch tokens with ease, enhancing accessibility within the Yuga Labs ecosystem.
$BORED Among Top Tokens Launched on ApeExpress
One of the first tokens to debut on ApeExpress, $BORED has gained significant traction. Initially priced at $0.002, $BORED experienced rapid growth, reaching an all-time high of $0.023—an increase of over 1000%. Following this surge, $BORED attained a market cap of $22 million, later stabilizing at $14 million, positioning it as one of the leading meme tokens on ApeChain.
$BORED’s success is driven by its native fit to the ApeChain narrative, drawing inspiration from the Bored Ape Yacht Club (BAYC) NFT project.
With strong community backing and strategic positioning, $BORED has the potential to become a central meme token within the ApeChain ecosystem.
Outlook for $BORED and ApeChain’s Meme Token Ecosystem
While $BORED’s initial rise has been notable, its future performance remains uncertain, as with all digital assets. Its early success highlights the potential for meme tokens on ApeChain, driven by strong branding, community engagement, and market interest.
For ongoing updates and community interaction, users can follow @boredonape on X or buy $BORED here.
About $BORED
$BORED is the premier meme coin on ApeChain, inspired by the iconic Bored Ape Yacht Club (BAYC) and designed to capture the fun, irreverence, and community spirit of the digital age. Launched on ApeExpress, $BORED combines the power of memes with the scalability and speed of ApeChain, creating a token that is as easy to trade as it is to enjoy.
About ApeExpress
ApeExpress is a newly launched platform within the ApeChain ecosystem that allows users to quickly create and launch custom tokens. ApeChain is part of the Yuga Labs ecosystem, which is widely recognized for its influence in the NFT and Web3 space, particularly through projects like the Bored Ape Yacht Club.
Contact
BORED
pr@boredonape.com
Dubai, United Arab Emirates, October 21st, 2024, Chainwire
- SuiHub Dubai is the first in a global series of hubs designed to support blockchain developers and entrepreneurs.
- The center is located in Expo City Dubai, a key tech hub in the region, to foster collaboration and innovation.
- Ghaf Studios and Sui aim to provide resources and funding to local Web3 founders and builders as part of a broader push for regional growth.
Sui, the Layer 1 blockchain known for its industry-leading performance and scalability, today announced the opening of its first SuiHub in collaboration with Ghaf Group, the leading blockchain partner in the MENA region. The center will be the first of several planned hubs worldwide, with Dubai strategically chosen as the first SuiHub location due to its thriving tech ecosystem and commitment to innovation.
The new hub, located in Expo City Dubai, will play a pivotal role in Sui’s mission to build a global network of Sui workspaces and community centers that empower builders to create decentralized applications and advance blockchain technology.
Specifically, SuiHub Dubai will provide Web3 startup founders access to workshops, technical support, and community-driven events, as well as resources, funding, and technical expertise, ensuring they have the support needed to launch and scale their projects using Sui’s blockchain infrastructure. The hub is expected to further cement Sui’s role as a leading platform for Web3 development in the MENA region, particularly as Dubai continues its rapid adoption of blockchain technologies.
“Dubai’s forward-thinking regulatory environment and commitment to blockchain innovation make it the ideal location for SuiHub’s global debut,” said Kostas Chalkias, Co-Founder and Chief Cryptographer at Mysten Labs, which developed the Sui network. “The city has established itself as a world leader in technology and blockchain innovation, and by opening SuiHub here, we aim to empower local and regional developers to create decentralized applications that will have a global impact. This is the first in a series of hubs we plan to establish around the world to provide builders with the resources and support they need to succeed.”
“Ghaf Group is extremely pleased to join with the Sui team in launching the first official SuiHub in Dubai,” said Feras Al Sadek, Co-Founder and MD of Ghaf Group. “The initiation of this innovative new resource for local builders and entrepreneurs represents a key milestone in the development of Ghaf’s venture studio arm. What began as a simple advisory has grown into a global initiative that will power technology advancement here for years to come.”
Kristof Lukovich, CEO of SuiHub, stated, “SuiHub’s mission is to empower regional blockchain startup founders by providing the resources and support needed to drive growth and further strengthen the regional ecosystem. Acting as a hub where talent, technology, capital, and opportunity converge, we foster collaboration and create new synergies. Our venture-building efforts are focused on bringing innovative solutions to market, while our Q4 accelerator program, in collaboration with Brinc, CoinList, Sui and Ghaf Group will be nurturing some of the most promising startup founders on a global scale. With a robust network of over 40 ecosystem partners, advanced in-house engineering capabilities, and a range of strategic initiatives, we are well-positioned to drive the future growth of the regional blockchain landscape. A key pillar of our mission is our partnership with the American University of Sharjah, where we have together launched a blockchain academy to cultivate the next generation of blockchain-savvy local leaders.”
The Expo City site, chosen to be the home of the new hub, has been recognized as a key location for companies focusing on cutting-edge technology, making it the perfect setting for SuiHub Dubai’s launch. The opening of SuiHub Dubai further strengthens Sui’s presence in the region, building on earlier initiatives such as the partnership with the American University of Sharjah (AUS) in early 2024, which launched the AUS-Sui Blockchain Academy. Additionally, Sui’s recurring community networking events, such as Sui Connect, have already laid the foundation for deeper engagement and collaboration with local developers, builders and enthusiasts.
With this launch, Sui reaffirms its commitment to building a decentralized, builder-led ecosystem that supports developers across multiple regions. More hubs are expected to be announced in the near future, each designed to provide localized support and resources for blockchain developers building on the Sui platform.
Contact
Sui Foundation
media@sui.io
Singapore, Singapore, October 21st, 2024, Chainwire
Aptos and MEXC have joined forces to launch a series of events centered around Aptos’ native token, APT, offering a total prize pool of up to 1.5 million USDT.
The event officially starts on October 21, 2024, and all users have the opportunity to participate and share the grand prizes through events such as Locked Savings and futures trading. During the event, MEXC allows users to trade and hold APT tokens with no worries about trading fees.
Event Details:
1. 90 Days of Zero Fees on Spot Trading and Withdrawals
Event Period: 08:00, October 21, 2024 – 23:59, January 20, 2025 (UTC)
How to Participate:
During the event, users can enjoy zero trading fees for APT/USDT spot trading on the MEXC platform.
Users can also withdraw APT and USDT via the APT network without incurring any fees.
2. 30-Day Locked Savings with up to 20% APR
Event Period: 08:00, October 21, 2024 – 23:59, November 20, 2024 (UTC)
Total Prize Pool: 130,000 APT (approx. 1,300,000 USDT as of October 18, 2024)
How to Participate:
Users staking APT tokens for a fixed term of 30 days on MEXC can enjoy a 10% APR return, with a maximum staking of 500 APT per user.
New users staking APT tokens for a fixed term of 30 days and enjoy up to 20% APR, with a maximum staking of 200 APT per user.
Rewards are distributed on a first-come, first-served basis, subject to the total prize pool limit.
3. The Futures Showdown – Share 200,000 USDT in Futures Bonus
Event Period: 08:00, October 21, 2024 – 08:00, November 4, 2024 (UTC)
Total Prize Pool: 200,000 USDT in futures bonuses
Participation:
The first 3,000 eligible users who trade APT futures with a trading volume of no less than 50,000 USDT will share 100,000 USDT in futures bonuses.
The first 10,000 eligible new users who trade APT futures for the first time with a trading volume of no less than 10,000 USDT will each receive a 10 USDT futures bonus reward.
These events aim to engage both new and existing users, with lower participation thresholds and exclusive rewards designed for first-time participants. For more information on how to participate, users can visit the official event page.
About Aptos
Aptos is a secure and reliable Layer 1 blockchain built using the Move programming language. It aims to provide greater scalability, security, and usability, bringing decentralized assets into the daily lives of billions of users. APT is the native token of the Aptos ecosystem, crucial for fees, governance, and rewards.
Official Website | X | Telegram
About MEXC
The MEXC exchange boasts the fastest listing speed and the widest range of cryptocurrencies, serving over 10 million users globally. Founded in 2018, MEXC leads the world with the lowest trading fees, the most trading pairs, and top-tier liquidity. MEXC provides a safe and professional trading environment for cryptocurrency investors and traders, with 24/7 customer support and multilingual localized community assistance.
Official Website | X | Telegram | How to Sign Up on MEXC
Disclaimer: Cryptocurrency investments carry risks, and past performance does not guarantee future results. Traders should conduct their own research and assess their risk tolerance.
Contact
Lucia
lucia.hu@mexc.com
Los Angeles, USA, October 19th, 2024, Chainwire
$DOG of Bitcoin announces the release of its limited-edition $DOG Plushie, set to launch on October 19, 2024, an occasion now being called “$DOGTOBER 19.” These collectible plush toys provide fans and newcomers with a tangible connection to the $DOG ecosystem, bridging the digital world of cryptocurrency with a physical collectible designed for both enjoyment and community engagement.
This exclusive collection, featuring 100,000 individually serialized plushies, will be available globally on launch day. Each plushie will wear one of three hoodie colors—Common, Uncommon, or Rare, each inspired by milestones in $DOG’s journey within the Bitcoin blockchain. This release aims to offer fans a unique, tangible keepsake while marking $DOG’s entry into physical products, a move that distinguishes it within the cryptocurrency landscape.
In addition to being a collectible, the $DOG plushies come with exclusive benefits for holders. Owners will gain entry to the $DOG Millionaire Raffle, where they have the chance to win up to 10 million $DOG tokens, currently valued at over $100,000. The first 1,000 buyers will also receive a complimentary Ordinals Profile Picture (PFP) NFT. As part of its community-focused mission, $DOG of Bitcoin will donate 10% of plushie sales to children’s orphanages and dog shelters.
The $DOG project, which launched after the activation of the Runes Protocol on Bitcoin, distinguishes itself through its fair distribution model, releasing all 100 billion tokens to holders of Runestone Ordinals NFTs. This upcoming plushie release further establishes $DOG’s presence both on-chain and in the real world, reinforcing its commitment to innovation and community engagement within the Bitcoin space.
Plushies will be shipped worldwide, allowing collectors and fans to connect with the $DOG brand wherever they are. For further information about the $DOGTOBER 19 launch and to purchase, visit the official $DOG shop.
For the latest updates, users can follow $DOG of Bitcoin on X.
About $DOG of Bitcoin
$DOG of Bitcoin is a pioneering meme coin project launched on the Bitcoin blockchain following the activation of the Runes Protocol. The project is designed with a strong commitment to fairness and decentralization, distributing its entire supply of 100 billion $DOG tokens to holders of Runestone Ordinals NFTs. As the first meme coin to establish itself on the Bitcoin network, $DOG of Bitcoin aims to foster a community-driven ecosystem that celebrates Bitcoin’s principles while engaging fans through unique initiatives. With its innovative distribution model and community-focused values, $DOG of Bitcoin is setting new standards within the meme coin space, offering both digital and physical connections to its growing community.
For more information, users can visit https://dogofbitcoin.com.
Social Media:
- X: https://x.com/DogOfBitcoin
- Instagram: https://instagram.com/DogOfBitcoin
- TikTok: https://tiktok.com/@dogofbitcoin
Contact
Vittorio Pantoliano
$DOG of Bitcoin
contact@dogofbitcoin.com
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
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
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/
Discord: https://discord.com/invite/pell-network
Telegram: https://t.me/Pell_Network
Contact
Pell
hi@pell.network
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
- Connect: Access the Talisman Portal via your Talisman Wallet (Ethereum or Polkadot accounts) at app.talisman.xyz.
- Navigate: Go to the “Swap” section at app.talisman.xyz/transport/swap.
- Select: Choose the assets you wish to swap.
- Pick Account: Choose your destination account.
- 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
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
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