SEC - Page 332

Cheelee is a short video platform with Watch&Earn mechanics that pays all users for viewing the feed. To get rewarded for watching the app’s smart feed, users will need a pair of nonfungible token (NFT) glasses.

The fundamental difference between Cheelee and other projects (move-to-earn or play-to-earn) is its focus on the social media market audience of 4.6 billion people rather than a limited crypto audience. Cheelee plans to attract the first billion people within four years, providing a growing monthly inflow of users.

The stability of Cheelee’s financial system is additionally secured by non-NFT-related income sources, including advertisements, in-game purchases and brand collaborations. These account for 30% of the total revenue, while in alternative projects, they only make up 1%. In addition, Cheelee will be directing 70% of advertisement revenue, in-app purchases and 100% of revenue from NFT sales and in-app transactions to the Stability Fund.

Another important advantage of the project is that users can earn by using Cheelee without having to make any investments at the beginning. Once the user registers their Web3 wallet in the application, they will receive a case containing Starting NFT Glasses. To earn more, users can upgrade their Starting NFT Glasses or buy new — even Rare —NFT glasses.

Rare NFT glasses, which generate more tokens than the Starting ones, can already be purchased. Starting on Oct. 24, the project’s team is giving away 500 pairs of Rare NFT glasses in cases. To participate in the giveaway, follow the link and complete the task. The results will be announced on Nov. 25 on the project’s social media accounts.

Learn more about the project on official Cheelee resources:

• Website: https://cheelee.io/
• Twitter: https://twitter.com/Cheelee_Tweet
• Discord: https://discord.gg/cheelee

The blockchain and nonfungible token (NFT)-focused video game studio Vulcan Forged has secured $8 million in Series A funding led by SkyBridge Capital. The venture capital fund has the option to invest an additional $33 million.

The funding is aimed at accelerating the growth of Vulcan Forged “Metascapes,” a play-to-earn immersive metaverse game that allows users to build their land in the metaverse and store that data in nonfungible tokens. In addition, the funding will be used to grow Vulcan’s operations in North America and other markets. Currently, Vulcan Forged has about 15 games and decentralized applications (DApps), with about 200,000 users.

The gaming studio pushed out several Web3 games in the recent past, some of them being Berserk, Forge Arena and VulcanVerse. However, they’re currently heavily concentrated on MetaScapes, which allows users to design and build their own metaverse spaces and store the data in NFTs.

Jamie Thomson, founder and CEO of Vulcan Forged, says their product saw rapid organic growth over the last two years, and their headcount grew to over 130 people from just two workers. During this time, MetaScapes acquired over 200,000 users across 15 games. Thomson said:

“As we look to expand into new markets like North America and open our office in New York City, we believe that now is the perfect time to capitalize on our momentum with a strategic investment from Anthony Scaramucci and his team at SkyBridge Capital.”

Anthony Scaramucci, founder and managing partner at SkyBridge Capital, also commented:

“Jamie is a brilliant entrepreneur and has impressed me as he bootstrapped Vulcan Forged from a small startup to a top 10 metaverse project in the last two years, with a strong commitment to their growing community.”

“Vulcan Forged and their MetaScapes engine are well-positioned to completely disrupt the legacy gaming and entertainment industries and we are excited to help take them to the next level.”

The studio’s main goal with this product is to compete with Mojang’s Minecraft in the long run.

To learn more about this project, please visit its website.

 Kim Kardashian has promoted everything from appetite-suppressing lollipops to melon-flavored liqueur to toilet paper, but it was her foray into the murky world of cryptocurrencies that got her into hot water.

The reality television star and influencer has agreed to settle charges of unlawfully touting a crypto security and to pay $1.26 million in penalties and fees, the U.S. Securities and Exchange Commission said on Monday.

Kardashian, who has 330 million followers on Instagram and 73.7 million followers on Twitter, failed to disclose that she was paid $250,000 by crypto company EthereumMax to publish an Instagram post about its EMAX tokens, the SEC said.

The SEC in November 2017 warned celebrities looking to cash in on the emerging digital asset space that U.S. rules require they disclose when they are being paid to endorse crypto tokens.

Since then it has pursued a handful of other celebrities, including action film star Steven Seagal, music producer “DJ Khaled” and boxer Floyd Mayweather Jr. for breaking that rule, but Kardashian is arguably the most high profile. read more

Her post contained a link to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens. “Sharing what my friends just told me about the EthereumMax token!” the post read.

Under U.S. law, people who tout a certain stock or crypto security need to disclose not only that they are getting paid to do so, but also the amount, the source and the nature of those payments, SEC Chair Gary Gensler said on Monday.

“This was really to protect the investing public – when somebody is touting that stock and whether that’s a celebrity or an influencer or the like, and that’s at the core of what this is about,” Gensler said in an interview with CNBC.

“I want to acknowledge Miss Kardashian cooperating and ongoing cooperation. We really appreciate that,” Gensler added.

Kardashian has agreed to pay the charge without admitting or denying the SEC’s findings. Her lawyer Michael Rhodes said Kardashian was pleased to have resolved the case.

“She wanted to get this matter behind her to avoid a protracted dispute. The agreement she reached with the SEC allows her to do that so that she can move forward with her many different business pursuits,” Rhodes said in a statement.

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One innovative new Web3 project is seeking to break through new barriers by combining nonfungible tokens (NFTs) with real-world luxury Swiss timepieces, in-person masterminds and a vibrant digital community of visionaries, changemakers, high-net-worth individuals and blockchain enthusiasts.

The project, called Legion, consists of 333 NFTs. The mint happens on Thursday, Sept. 29, and demand was strong for this project during the presale phase. As of writing, over 110 NFTs have been sold by the founders through their personal networks. The price of each Legion NFT is 4.44 Ether (ETH) as of the mint.

“I call it a unicorn offer,” said co-founder Stefan Georgi, “because every time we share Legion with the right people, they want to be a part of it.”

Legion is the brainchild of futurist and exponential entrepreneur Jonathan Foltz, luxury watchmaker Craig Shah, entrepreneur and blockchain adviser Stefan Georgi, and genius brand creator Umer Hadeed. The team seeks to merge the worlds of luxury e-commerce, live events and digital communities in a way that’s never been done before. Further, their goal is to help drive society’s transition from Web2 to Web3 by getting everyday people to see how NFTs can have massive real-world utility.

“The use cases here are insane,” said Shah, founder of Craig Shelly watches in Beverly Hills and a partner in Legion, adding, “With many NFT projects, you’re getting some cool artwork and access to a Discord channel, but that’s it. With Legion, the watch alone is valued at $6,000 minimum. People routinely pay $25,000 to be part of good masterminds. And the community we’ve built around the project is second-to-none.”

How Legion plans to revolutionize the world of in-person masterminds and event

To partner Foltz, it’s the community and network aspect that’s most exciting. “For those who don’t know, masterminds are essentially just ‘get-togethers’ where like-minded people work together to achieve a common goal. In the case of Legion, our mastermind community is filled with leaders in Web3, e-commerce, investing, exponential technologies, real estate and other industries, all collaborating and sharing ideas and opportunities.

Here’s the unique part, though: Because membership is held through the Legion NFT, people can buy or sell a membership to this community at any given time on secondary markets like OpenSea. This hasn’t been done before in the world of in-person masterminds, but it’s going to become the norm.”

The Legion NFT reveal will be happening at a live party for all Legion holders on Oct. 8, 2022, in Las Vegas. For anyone interested in finding out more about the Legion project, including the team and its roadmap for 2023 and beyond, you can go to www.wearelegion.xyz.

“I’ve worked on some incredible projects with companies like Samsung, Coca-Cola, Nokia and Huawei,” said Hadeed, co-founder of Legion, adding, “But I don’t know if anything has ever had me more excited. This project truly has the potential to accelerate the transition from Web2 to Web3. And it’s going to be fascinating to watch.”

The Legion NFT project at a glance

Real-world Swiss watch drop and claim:

333 luxury watches directly from Switzerland — from our partnership with renowned Swiss watchmaker Craig Shelly.

• 321 Watches — $6,000 value each.
• 11 watches — $20,000 each.
• 1 Tourbillon watch worth $150,000.
• Randomly selected upon reveal. 
• Each watch is fully custom, sequentially numbered and to never be built again.

In-person masterminds:

• Oct. 8 NFT reveal event in Vegas (PGA Tour events from Oct. 6 to 9).
• March and September 2023 NFT members-only masterminds.

13 digital masterminds:

• From December 2022 to December 2023.
• Digital masterminds for collaboration, networking and building.
• The biggest players in Web3, blockchain, marketing, the investment space, business development and technology — all together in one place.

Legionnaire-based NFT art by world-class artists:

•  Combining the classic Legion style with a futuristic look and feel.
•  Each one of these magnificent art pieces is your portal into the Legion community.

NFTs are tradable on secondary markets:

• OpenSea
• Rarible
• Other Ethereum-based NFT marketplaces.

The timeline and sequence of events

• NFT Mint: Pre-reveal — Sept. 29, 2022, happening at https://www.wearelegion.xyz/
• NFT Reveal: Oct. 8 at 8 pm in Las Vegas. Part of an NFT holders-only event at the PGA Tour from Oct. 6 to 9.
• Luxury Swiss timepiece claim: Dec. 1, 2022, to Jan. 31, 2023.
• Monthly digital masterminds: December 2022 to December 2023.
• 2 in-person masterminds: March and September 2023.

Media Contact

info@wearelegion.xyz

About Legion

It is founded by Jonathan Foltz, Stefan Georgi, Umer Hadeed and Craig Shelly. The founders have extensive knowledge and experience in e-commerce, innovative product design, blockchain development and the private mastermind event space.

Building on recent success, Supermoon Camp together with The Web3 Gallery just held its Mainnet Gala during Messari Mainnet week. Mainnet Gala welcomed over 300 executives, investors and talented entrepreneurs for three hours of networking and an immersive art experience. 

Supermoon is bridging together executives, investors and founders with a mission to elevate the Web3 space. Mainnet Gala was a successful result of Supermoon’s effort to achieve its mission, revealing future plans, including the Supermoon 2023 initiative that will go beyond high-impact events to facilitate the growth of Web3 projects at the very beginning of their journey. 

Supermoon is bringing onboard reputable advisors, mentors and entrepreneurs to enable the Supermoon 2023 initiative and its goal to advance the Web3 space.

Not stopping, Supermoon will embark on another Supermoon Camp during Art Basel this Nov. 30 to Dec. 5. The renowned five-day pop-up event unites crypto eclectics and thought leaders at a private venue in Miami for innovative collaborations, talks and relationship-building. The last night of the camp will culminate with the legendary Mansion on the Moon event at a secret venue in Miami. 

Supermoon Camp helps professionals build genuine and lasting relationships through an exclusive community of blockchain innovators, enthusiasts and high-impact networking events. 

Web3 Gallery is the world’s first crypto, Metaverse, Web3 gaming and NFT experience, quickly becoming a hub for Web3 innovations.

Socials

• Instagram 
• Twitter 
• LinkedIn 
• Telegram 
• Discord

Today we are happy to announce the launch of Sociogram. The first social network with a focus on decentralization and security. 

Sociogram respects the basic human right of freedom of speech. With the help of decentralized protocols, it allows you to return this right that traditional social networks have stripped you of.

We also stand for: 

• Freedom of choice and freedom of sharing.
• The right of users to own their content and dispose of it, including selling or buying directly from other users if needed.
• Self-regulation of content, which means that users can act as moderators and decide the fate of any questionable content. 

What it is

With Sociogram, you can communicate, create, share your content and search for users with similar interests. It is a perfect match for those who want to produce and distribute their visual or text content freely and be able to express any opinion without restrictive algorithms or shadow bans. 

Sociogram does not own user-generated content, which removes the possibility of editing, deleting or banning user-generated content, as the platform has no right to do so.

Sociogram is based on Web3 principles, and freedom of speech and uses blockchain technology to store the content in the ERC1155 token standard, which allows users to own the content they’ve created, unlike mainstream social networks. In traditional social networks, users transfer content ownership rights to the platform after publication.

Why we built it

We believe that online privacy is of key importance now, and everyone has the right to keep their data secret. With Sociogram, you don’t have to worry about data leaks.

Like everyone else, we are fed up with targeted ads. Actually, we see it as personal boundary violations. We aim to protect your personal data from marketers, advertisers and scammers while encouraging open communication. 

No ads, no content curation, no personal data collecting, no data resale. 

With Sociogram, it is impossible to collect data for subsequent use for any kind of manipulation, like the one we’ve seen with the Facebook–Cambridge Analytica data scandal.

We stand against the imposition of any content and blatant mind control. There are no hidden algorithms, no censorship or any kind of content manipulation on Sociogram. Any content imposition or shadow bans are nonexistent. Sociogram shows the content of your subscriptions in chronological order without any curation algorithms.

Why it’s secure

Sociogram is built with an emphasis on decentralization and gradually applies decentralized blockchain protocols without affecting the user experience.

Sociogram is a more secure social network compared to mainstream ones, as it is based on blockchain technology and doesn’t store any personal data. What Sociogram stores are usernames and public account addresses. Your profile assets are also safe, as Sociogram doesn’t have any access to them.

The only authorization method is via Web3. It lets you log in quickly and easily, without disclosing personal information sensitive to a data breach, like your email or phone number.  You are not forced to use your real name either — you can choose any username you want.

As Sociogram is based on the principles of freedom of speech and privacy, we stick to the General Data Protection Regulation requirements so we neither use your data for targeted ads nor disclose it to third parties. You can learn more about Sociogram security here.

Messenger

To ensure maximum security, chats in messenger are always protected by end-to-end encryption. This means that only you and your contact can read them. Encryption and decryption keys are individual for each user, which increases the level of communication security. 

We are creating a new reality where personal data is always personal.

There are three levels of security that you can choose from in security settings:

• Light
• Medium (set as default)
• Advanced.

We’re holding a Web3 meme contest now with a $15,000+ prize. The results will be on October 14. More info on our website.

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At Token2049 today, with over 7,000 industry professionals, institutional investors and regulators attending, KyberSwap CEO Victor Tran predicted onstage that decentralized finance (DeFi) will overtake TradFi in 10 years. On top of that, KyberSwap will also be the most used decentralized exchange (DEX) because of its innate ability to provide the best rates in all of DeFi.

Speaking on the panel “Decentralized Exchanges: The Road Ahead” along with co-founders from 1inch Network and Mantra, Tran declared that consumers in the future will value privacy and control, especially considering developments around the world today. 

“Today, users are still exposing their data as people can see what your wallets hold and what transactions you make at what prices. Users still participate in DeFi, as it is a good option to earn while having custody of your own assets. The next step, naturally, will be privacy in order to protect their privacy. Together with that, major use cases like insurance will be increasing in a major way in order to provide more protection to users,” said Tran. 

With privacy building through the bear market, improving security measures for users is a priority for the industry. “It is important to provide stability to users, as they are still dealing with the massive volatility and blowout in the markets with the downturn as well as several security issues like hacks in the market with lots of losses. In the short term, KyberSwap is focusing on providing stable DeFi earning potential all throughout the bear market at least for the next one and a half years with major liquidity mining campaigns with our chain partners and project partners like Polygon Chain, Avalanche Network, Lido Finance and QiDao,” Tran elaborated.

As DeFi expands, use cases build and leaders in decentralization who continually increase their ecosystem integration and UI/UX, such as KyberSwap, will go on to build the DeFi space to the extent where using a decentralized exchange and services will be as easy as using a digital banking app, or possibly even easier. This increased ease of use will attract a new generation of users and the unbanked, leading to more people choosing to onboard with crypto, especially the large and increasingly tech-savvy demographics of the world, such as Asia, Latin America, Africa and so on. Considering these key factors, Tran believes DeFi will “flip” traditional finance (TradFi) as a dominant force in the financial world in 10 years. 

Tran said that institutions will increasingly participate in DeFi as well: “Institutions value security, infrastructure and privacy protection in order to support their needs, which are completely different from the retail users. We will unlock many infrastructure layers, application layers and privacy-focused features soon in DeFi, which will also bring in large amounts of institutional funds.”

As a DEX aggregator, KyberSwap currently provides users the best swap rates on 12 chains along with the mission to make DeFi easy, accessible, safe and rewarding for all users around the world. “Ultimately, at the end of the day, it is about making users’ lives easier. KyberSwap’s focus is 100% about maximizing users’ benefits and safety. What we see with decentralized finance is just starting, and it will grow exponentially. KyberSwap sees a tipping point in the next decade, and we are working endlessly to be an essential pillar of that future,” said Tran, closing his remarks.

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship DEX aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over $10 billion worth of transactions for thousands of users since its inception. It’s currently deployed across 12 chains — Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.

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On Aug. 25, 2022, the WhiteBIT cryptocurrency exchange debuted its native token. Four weeks after being added, WhiteBIT Token is moving on to the next world-leading crypto platform. On Sept. 22, at 11 am (UTC), the WBT/USDT trading pair also became available on Huobi.

WhiteBIT Token became famous before its launch due to a list of bonuses and privileges it provides. The crypto community is still showing great interest in owning WBT. Users bought the first million tokens just 15 minutes after launch. 

WhiteBIT Token provides exclusive opportunities to its holders:

• Reduced maker and taker fees
• Free Anti-Money Laundering checks
• Free withdrawals of ERC-20 tokens
• Up to 50% referral rates.

The token’s creators also announced that more WBT use cases are coming as the exchange plans to integrate the asset into the state economy sector later.

WBT is also known for its price, as it became worth $7.08 after the first week of trading, with an initial price of $1.9. WhiteBIT aims to support the overall interest through weekly burnings. It bought and destroyed over 4 million tokens for $22,609,198. WhiteBIT will use the combustion mechanism until it has destroyed 50% of the total supply of 400 million tokens.

A strong marketing campaign also backs WBT. The first trading competition and an airdrop were an instant success, attracting more and more attention to the young, promising asset. It is clear that WBT has a well-balanced strategy, and new achievements await it shortly.

Zebu Live, the United Kingdom’s leading crypto, blockchain and Web3 conference, has announced the successful conclusion of its two-day flagship event.

The conference took place in Kensington from Sept. 22 to 23, and saw over 2,000 members of the Web3 space in attendance. Over 150 of the industry’s most prominent and prolific pioneers shared their insights through speeches, workshops and panel discussions.   

Some highlights of the event included a keynote speech from MP Matt Hancock, in which he stated: “The Queen was a supporter of crypto assets. […] She supported the British Blockchain Association. […] Now, the key is to use the opportunity of a new government to have a fresh start in the attitude and approach to digital assets, to cryptocurrencies, and to the use of the underlying blockchain technology.”

Highlights from Zebu Live also included a fireside chat with serial entrepreneur Steven Bartlett, who stated: “I think industries where centralization and a lack of transparency and a lack of verification are problems, those are going to change rapidly over the next few years due to blockchain […] So I don’t think Web3 is going to eat up every industry, but there is going to be a real war against industries which have those problems.” 

In addition, the event featured numerous panel discussions with thought leaders and visionaries within Web3, a selection of which are highlighted below: 

• The future of the crypto exchange
• Fashion enters the Metaverse
• Integrating NFTs into gaming ecosystems
• Bringing the power back to the artists with music NFTs
• Women in Web3
• Optimizing rewards and minimizing risk with DeFi

There were also a number of spotlight presentations throughout the event, from leading projects and organizations within the industry. These include: 

• Arrested development: The risks and opportunities in the private DeFi space with Panther Protocol
• Bringing music into Web3 with Dancing Seahorse
• Scaling Metaverses and Web3 apps with Cudos
• Designing a Web3 strategy with Tezos
• Swapsicle: A DEX but with more flavor
• Stablecoins: Mass adoption vs. decentralization with NEAR Protocol

The full recording of the first day’s main stage talks from Zebu Live can be found here, and the full recording of the second day main stage talks can be found here.  

Commenting on the event, Zebu Digital CEO and founder of Zebu Live Harry Horsfall stated: “We couldn’t be happier with how things went with Zebu Live. To see such an amazing turnout from so many distinguished individuals and organisations — both in Web3 and Web2 — is a testament to how prolific the interest is around this new frontier industry. The adoption of blockchain and Web3 cannot be stopped, and it’s the speakers, contributors and attendees present at Zebu Live who are pushing the boundaries of this burgeoning space. Next year is going to be even bigger and better — watch this space!”

At the end of the second day, the Zebu Live team announced that the third installment of its flagship event will be taking place on Oct. 5 and 6, 2023. Super early bird tickets are now on sale for the event, which is set to feature more speakers and attendees than ever before. 

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