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HO CHI MINH, Vietnam, October 15th, 2024, Chainwire

U2U Network, a Layer-1 blockchain pioneer in decentralized infrastructure backed by top investors like KuCoin Ventures, Chain Capital, and IDG Blockchain, is excited to announce the launch of its first-ever DePIN Node Sale. This sale provides an opportunity for participants to acquire decentralized nodes and contribute to U2U’s growing DePIN infrastructure. With this sale, U2U aims to provide a new way for users to join the decentralized network and unlock significant earning potential through its Node Sale model

Why Nodes Matter in Blockchain Networks

Nodes play a fundamental role in decentralized networks by enabling communication, transaction validation, and enhancing security. Within these systems, nodes distribute computational power across the network, reducing the likelihood of centralized control. This decentralization improves network security, scalability, and resilience.

The U2U Subnet allows node operators to contribute computing resources, from mobile devices to high-performance computers, to build a decentralized infrastructure network. These nodes supply essential resources such as CPU, RAM, GPU, storage, and internet bandwidth, ensuring that applications can operate without interruption. The U2U DePIN framework includes two types of nodes: Master Nodes and Edge Nodes.

• Master Nodes: These nodes are responsible for critical tasks such as transaction storage, data validation, and proof submission between the Subnet and Mainnet.
• Edge Nodes: These nodes contribute additional computational power for specific protocols, optimizing scalability and performance.

Both node types provide incentives based on their contributions, forming a core component of U2U Network’s DEPIN infrastructure.

Details of the Node Sale 

The Public Node Sale begins October 22, with 40,000 nodes available across six tiers. The initial price for a checker node is $200, with prices increasing at each tier. Early adopters benefit from high ROI and faster returns – participants can expect to recover their investment in just 58 days. The affordable entry point makes it easy for anyone to participate in the Node Sale, with no programming skills required.

No programming skills are required to operate a node, and node operators can receive token rewards from a dedicated pool of 1 billion $U2U tokens (10% of the total supply). With more than 40 DePIN projects in the U2U DePIN Ecosystem, node operators can support the growth of various projects across sectors like computing, cybersecurity, telecommunications, and artificial intelligence.Through this participation, operators may earn rewards based on their node’s contributions to the network- the more DApps involved, the greater the earning potential. Additionally, node operators can expect to recover their initial investment in just 58 days, making this Node Sale a highly beneficial opportunity. The broad scope of projects engaging with the U2U Network drives demand for node resources, potentially increasing the earning opportunities for participants. 

Team

The U2U team includes over 120 professionals from leading tech companies like Google, Kardiachain, and Y Combinator backed startup, along with advisors from Stanford, RMIT University, and Animoca. This makes their pool of expertise incredibly diverse and rich, positioning them strongly for leadership in the industry. 

Network Growth and Community Engagement

U2U Network reports that it has raised funds from several investors, including Kucoin Ventures, Chain Capital, JDI Ventures, IDG Blockchain, etc. Chain Capital, one of Asia’s leading crypto funds, is renowned for its focus on Web3 infrastructure, AI, and DePIN, with 300+ successful investments, including billion-dollar Layer-1 ecosystems like Solana and Polkadot, and DePIN giants like Filecoin and Theta Network. Joining Chain Capital is JDI Ventures, a powerhouse DePIN fund led by JDI Global, which boasts a $200M portfolio and a track record of driving DePIN projects to success. The VC list also includes IDG Blockchain, a global leader in early-stage blockchain and AI investments, which has backed innovative names like dappOS, Pontem, . These top VCs with other esteemed VC names have proudly joined forces with U2U Network to revolutionize DePIN and drive mass adoption. The network’s community has grown to over 1 million members. 

With a low entry cost, high ROI, and no coding knowledge required, this DePIN Subnet Node campaign is designed to attract a broad range of participants. Don’t miss the chance to join the U2U Network Node Sale and help power the next internet generation.

For further details on the U2U Network’s node sale, visit the official blog on the U2U Network website.

About U2U Network:

U2U Network is a modular L1 with subnet technology that perfect fit for DePIN. Their backers include Chain Capital, IDG Capital, Cointelegraph, JDI Ventures, Kucoin Venture, V3V Fund, Web3Port, and others. The project has also entered into partnerships with AWS, Klaytn Foundation, IoTex, Waterdrip Capital, Chain Catcher, etc. KOLs that have invested in U2U Network are KongBTC, Romano, ImNotTheWolf, Crypto Buzz, Antony, etc. 

Mainnet is ready with more than 180K wallet addresses. DePIN Subnet launched with U2DPN product with more than 155K downloads, 59K contributer nodes, and 9K DAU in 3 months of launching. 80 dApps committed to building on chain (EVM-compatible) range from crypto applications (Defi, Gamefi, SocialFi, etc) to real-world scenarios (Storage, data mining, etc), and over 40 DePIN project signed MOU and under integration, 25 other projects in the pipeline.

Website: https://u2u.xyz/team

Contact

CBO
ASTRID DANG
U2U NETWORK
alice@uniultra.xyz

Dubai, UAE, October 16th, 2024, Chainwire

InceptionLRT is pleased to announce the integration of four new tokens: EIGEN, tBTC, sFRAX, and slisBNB. With these additions, users gain access to a wider variety of restakable assets, each providing the flexibility to maintain liquidity while optimizing their DeFi strategies. 

All these tokens are restakable through EigenLayer, benefit from Isolated Liquid Restaking (iLRTs), and offer the ability to Flash Unstake, allowing immediate withdrawals without the standard EigenLayer unbonding period.

EIGEN Token Restaking Options for Enhanced Rewards

Following the recent EigenLayer airdrop, EIGEN token holders can now enhance their rewards through Liquid Restaking. InceptionLRT is one of the few protocols to offer this service, enabling users to restake their EIGEN tokens while contributing to the security of decentralized services like oracles and governance.

Through InceptionLRT’s liquid restaking token (LRT), inEIGEN, users are able to contribute to decentralized services- such as oracles and governance mechanisms- while accessing additional rewards from restaking activities.

slisBNB – Expanding BNB’s Utility

slisBNB, ListaDAOs liquid staking token for Binance’s BNB, is now supported on InceptionLRT, allowing users to leverage inslisBNB for liquid restaking. This integration helps BNB holders take full advantage of DeFi composability while securing Actively Validated Services (AVS) in the EigenLayer ecosystem. By restaking slisBNB, users can enhance their earning potential, access cross-chain functionality, and maintain liquidity.

tBTC – Bridging Bitcoin to DeFi

For the first time, InceptionLRT integrates a Bitcoin derivative, tBTC, built by Thesis. This trustless, tokenized version of Bitcoin allows users to access DeFi opportunities while maintaining liquidity. Through intBTC, Bitcoin holders can restake their tokens, earning rewards while benefiting from tBTC’s composability across various DeFi platforms. This integration opens the door to bridging Bitcoin’s potential with DeFi.

sFRAX: Enabling Diversified DeFi Participation for Stablecoin Users

Building on the previous integration of sfrxETH, InceptionLRT now offers sFRAX, a staked version of the fractional algorithmic stablecoin, FRAX. Through insFRAX, users can restake their sFRAX tokens, benefiting from both staking and restaking rewards. This dual mechanism boosts the earning potential of FRAX holders, giving them the opportunity to diversify their participation in the DeFi ecosystem.

EIGEN, tBTC, slisBNB, and sFRAX Liquid Restaking Integrations on InceptionLRTs dApp

Expanding InceptionLRT’s Restaking Ecosystem

Through the addition of EIGEN, tBTC, sFRAX, and slisBNB, InceptionLRT continues to expand its liquid restaking capabilities. By integrating iLRTs and enabling instant withdrawals with Flash Unstake, InceptionLRT offers users a flexible and secure DeFi experience that aligns with diverse financial strategies. As the platform continues to grow, InceptionLRT remains committed to supporting a broad array of staking solutions designed to enhance user control and asset security.

About InceptionLRT

InceptionLRT specializes in restaking solutions for the DeFi sector, providing innovative approaches that prioritize both yield optimization and asset flexibility. By integrating advanced features and supporting diverse tokens, InceptionLRT is redefining the staking and restaking experience for decentralized finance users.

For media queries, users can contact: Fabio Wehb Ferrari, fabio.f@inceptionlrt.com

Contact

PR Manager
Fabio Wehb Ferrari
InceptionLRT
fabio.f@inceptionlrt.com

Sinagpore, Singapore, October 16th, 2024, Chainwire

Unite, the pioneering Layer 3 blockchain solution built on Base, is excited to announce a strategic partnership with Eigen Labs to incorporate EigenDA, a leading data availability solution provider, into the infrastructure that powers the next generation of mobile games.

As the first Layer 3 blockchain tailored specifically for mass-market mobile games, Unite is focused on delivering seamless, high-performance experiences to the nearly 3 billion active mobile players. To achieve this mass-market scale, the partnership with EigenDA will integrate their cutting-edge data availability solutions into Unite’s Layer 3 chain, making launching and operating a web3 mobile game dramatically more efficient at scale.

“Modern web3 infrastructure is critical to the evolution of the mobile gaming industry,“ said Weiwei Geng, CEO of Unite. “Our collaboration with EigenDA will let us help the next generation of developers achieve global scale by making blockchain an enabler – not an obstacle – to building web3 mobile games. This partnership is a significant step forward in our mission to bring the mass market of mobile gamers to web3.”

EigenDA’s data availability solution delivers hyper scalability, ensuring high throughput and seamless scaling as demand increases. It’s extremely efficient, and continues to drive gas fees closer to zero. The solution leverages Ethereum’s Layer 1 security via EigenLayer, making it robust and reliable. By aligning with Ethereum’s ecosystem, EigenDA enhances rollup scalability without data availability constraints. These features make EigenDA the ideal partner for Unite, enabling the handling of large transaction volumes and in-game interactions, allowing game developers to focus on innovation and growth.

Sreeram Kannan, CEO of Eigen Labs, added, “We are really excited about Unite’s vision of developing a crypto ecosystem dedicated to achieving mass-market adoption of web3 with mobile games. EigenDA and the Eigen stack ensures Unite developers can scale effectively while delivering seamless, high-quality experiences for gamers globally.”

The partnership between Unite and Eigen Labs marks a significant milestone in building the future of blockchain-powered mobile games with the potential to compete with leading web2 mobile games, which serve billions of users, and drive nearly $100B in annual revenue. Bringing together two industry leaders committed to driving innovation and mass adoption of web3. For more information, users can visit Unite.io and Eigenda.xyz.

About Unite

Unite is on a mission to build the first Layer 3 blockchain solution for mass-market mobile games, targeting the 2.8 billion players and the $90 billion revenue generated from the mobile game market. Focused on enhancing player experience with in-game earning capabilities, Unite offers a comprehensive L3 solution encompassing chain, client, ecosystem and establishing a decentralized physical infrastructure (DePin) built on billions of daily active mobile devices worldwide.

Founded by veterans in mobile, gaming and web3 infrastructure who served as founders and executives of some of the biggest names, Unite is leading the innovation to the mobile games.

For more information, users can visit Unite’s official website, or follow Unite on X, and join Discord community.

About EigenLayer

EigenLayer provides developers access to the Ethereum restaked capital base and decentralized validator set. Access to this trust network makes previously impossible mechanism designs possible in the form of Actively Validated Services (AVSs). EigenDA is the first AVS, building the most scalable, secure, and price-performant data availability layer. EigenLayer is backed by top investors including Polychain Capital, Blockchain Capital, Ethereal Ventures, Electrical Capital, and a16z crypto.

Contact

Di Chen
dchen@unite.io

New York, New York, October 15th, 2024, Chainwire

Powered by the River Protocol, Towns addresses the growing concerns of traditional social platforms, introducing a new decentralized, encrypted, and user-owned communication app.

Today Towns, founded by the founder of breakout experiences Houseparty and Meerkat, announced the public debut of an onchain messaging platform designed for digital communities to connect in secure and decentralized spaces. Built on the River Protocol, Towns enables permissionless group chats where anyone can create, own, and manage their communities, offering features like decentralized ownership, end-to-end encryption (E2EE), and a reputation system that prioritizes user privacy. The platform is backed by lead web3 investors like a16z, Benchmark and Framework, raising $25.5M in their Series A. 

As traditional messaging platforms face growing criticism over privacy violations and censorship, there’s a clear call to action for improved communication alternatives. The Towns platform unlocks a new solution by giving users full ownership and control of their data, creating community-owned digital spaces where conversations are secure, transparent, and free from outside interference. The platform brings the features of speed and familiarity of web2 messaging platforms onchain, empowering communities to thrive in a space that protects both privacy and autonomy.

“When I built Meerkat and Houseparty, it was clear that online communities are the backbone of the internet and a key part of our culture,” said Ben Rubin, Co-Founder and CEO of Towns. “As traditional social platforms grow, so do their shortcomings, creating friction for users. Today, the current tools designed for web3 communication are not optimized to provide intuitive and user-friendly experiences. With Towns, our goal is to make the internet more intimate without making it smaller, fostering a sense of trust and connection between users by offering a decentralized platform where privacy and open communication are at the core.” 

Towns offers a range of innovative features that set it apart from traditional communication platforms. Features include:

• Each “Town” exists as a decentralized entity, with membership and ownership minted onchain, giving users ownership and control over their communities, including the ability to transfer value across the ecosystem.
• All conversations within Towns exist as permissionless group chats and ensure all communications within the platform are secure and private.
• Users can create programmable groups with specific pricing, gating, and rewards enabling new ways to engage with members.
• A new look at web3 incentives. Towns combines the familiarity of web2 messaging with web3 incentives like reputation systems and composability with the broader web3 ecosystem.

With trust and community building at the forefront of Towns, early adopters include RefractionDAO, a web3 artist-owned community at the forefront of digital art, music, and culture.

For more information on Towns and to learn how to build a community, users can visit towns.com.

About Towns

Founded by Ben Rubin, former founder of viral app sensations, Houseparty and Meerkat, Towns is an onchain messaging platform built on open-source protocol, River. Towns offers new communication models that empower online communities with programmable, self-governed and ownable spaces, fostering authentic and meaningful interactions. With a commitment to shaping the future of digital connectivity, Towns is supported by significant investment, including a $25.5 million Series A funding from notable firms like a16z crypto, Benchmark, and Framework.

Contact

Publicist
Ryleigh Ebron
Serotonin
ryleigh@serotonin.co

Singapore, Singapore, October 15th, 2024, Chainwire

Popular Memecoins continue to play an influential role in the cryptocurrency market. For exchanges like MEXC, these assets not only increase platform visibility but also provide valuable data on user activity and trading volumes. According to CoinGecko, MEXC ranks as the top platform globally for Memecoin offerings, with over 240 listed pairs, positioning it as the leader in Memecoin variety.

With a comprehensive selection of cryptocurrencies, MEXC has emerged as an industry frontrunner. The exchange offers over 3,000 spot trading pairs and more than 500 futures pairs, allowing users to access a diverse range of trading options. This extensive variety appeals to the growing number of users seeking to explore different asset classes, particularly Memecoins.

Understanding Memecoins

Memecoins are a unique type of cryptocurrency influenced by internet culture and social media trends. Typically community-driven and high in volatility, Memecoins often embody humor or satirical elements from popular internet memes. While their value can fluctuate based on market sentiment, Memecoins remain popular among certain investor groups, though caution is advised due to their inherent risks and limited practical application.

Market Movements and Earning Potential on MEXC

Data from MEXC indicates notable price surges among Memecoins. For instance, the top 15 Memecoins on MEXC have recorded gains of over 1,400%, with the top 5 seeing increases exceeding 28,000%. MEXC’s rapid listing mechanism is designed to support new and emerging Memecoins, allowing users to trade these tokens in their early stages.

One notable example is the BONK token, which MEXC listed in early January 2023. Initially priced at 0.075 USDT, BONK reached a high of 0.05139 USDT on its launch day, resulting in a 2,680% increase. Although the token later experienced price adjustments due to market volatility, BONK’s price surged again following its listing on Binance in December 2023, recording a significant gain from its initial price.

Similarly, the recently listed NeiroCTO token saw impressive growth following its initial MEXC listing. Starting at 0.0{4}5 USDT, NeiroCTO surged to a peak of 0.00044012 USDT, yielding a 780.24% increase. MEXC users benefit from such early access, as the platform’s efficient listing process enables them to capitalize on potential market movements.

Advantages of Trading on MEXC

MEXC has built a reputation as a secure and reliable exchange for users around the globe. The platform offers several advantages:

• Extensive Token Variety: MEXC leads the industry in cryptocurrency selection, listing many assets at an early stage. This enables users to participate in emerging trends like Memecoins right from their debut.
• Trading Efficiency: MEXC is designed to support stable transactions and competitive spreads across various trading volumes.
• Competitive Fees: MEXC offers some of the lowest trading and transfer fees in the industry, allowing users to maximize their returns.
• MX Airdrop Rewards: Users can participate in MX token airdrops, which have an annual yield of up to 66.5%, providing additional incentives for users trading on the platform.

About MEXC

Established in 2018, MEXC serves over 10 million users globally, offering a wide array of cryptocurrency trading options and a reputation for low trading fees, liquidity, and industry-leading APY on MX airdrops. MEXC supports a professional trading environment with around-the-clock customer service and multilingual assistance for its user base.

Disclaimer

Cryptocurrency and Memecoin investments carry significant risks, and past performance is not indicative of future results. MEXC encourages traders to conduct their own research and carefully assess their risk tolerance.

Contact

Operation Manager
Lucia
MEXC
Lucia.hu@mexc.com

New York, New York, October 15th, 2024, Chainwire

With the cryptocurrency market entering the final quarter of the year with major bullish momentum, the emerging altcoin platform DTX Exchange (DTX) has made a strong impact. The DeFi platform has raised over $4.75 Million weeks earlier than expected. This early success reflects growing interest in platforms that offer access to a diverse range of assets, including cryptocurrencies, equities, and real-world assets (RWA), under a unified trading system.

Innovative Multi-Asset Platform Meeting Market Demand

Despite the entry of financial giants like Blackrock and Morgan Stanley into the decentralized world, there is still a lack of a unified platform that integrates conventional assets like equities, stocks, and bonds with decentralized assets like cryptocurrencies. DTX Exchange has aimed to bridge the gap between traditional and decentralized financial markets by allowing users to trade over 100,000 assets on a single platform. This innovative solution makes it possible for traders to access a wide variety of assets under a single platform with minimal trading fees. 

The global cryptocurrency industry is worth $2 trillion alone, with the broader equities market having over $90 trillion worth of assets. By enabling the trading of these assets, DTX provides traders with the chance to enhance liquidity. The DTX team aims to attract the attention of millions of retail and enterprise traders through this unique feature.

Notable Presale Participation and Platform Development

DTX Exchange’s presale has seen considerable early participation across its initial rounds. The first round raised approximately $300,000 in a short period, while the second phase exceeded $1 million in total funds raised. The third presale round concluded ahead of schedule, with the platform raising over $4.75 million across all rounds to date. During this time, the token price increased from $0.01 to $0.08, reflecting initial interest in the platform’s offerings.

Platform Features and Future Product Expansion

DTX Exchange credits its early adoption to its unique product offerings, including:

VulcanX Blockchain – This privacy blockchain powers the DTX ecosystem and is the first unified blockchain to support conventional financial assets. With a throughput of over 100,000, this blockchain is expected to power the next decentralized applications of the future. 

DTX Unified Wallet – The DTX Unified Wallet is the first crypto wallet to support forex, equities, and crypto assets under a single secure application. The product is expected to add features like P2P asset trading and portfolio management tools. 

Enterprise RWA Platform – DTX is onboarding conventional assets on the blockchain through the Real World Assets (RWA) builder platform.

DTX Exchange Sells Out Round 3 In Days

In the most recent development, the ongoing presale has sold over 50 million tokens and raised $3 million to sell out the 3rd round weeks ahead of schedule. The DTX team is now raising the token price, giving investors another opportunity to join the presale and secure DTX tokens before they launch on public exchanges.

Open Public Trading and Ecosystem Expansion

DTX Exchange has outlined its plans to make DTX tokens available for open public trading following the launch of the VulcanX blockchain. With a growing community of over 70,000 members, the platform is preparing for broader accessibility, which may help increase its reach and user base significantly upon public launch. Additionally, DTX also has an active developer community that is actively developing new products.

Exploring the DTX Ecosystem – Key Products 

Aside from offering a suite of trading features, DTX Exchange is expected to offer a wide range of products to developers and enterprise players in the finance world. Some notable products include the Real World Asset (RWA) tokenization tool that allows stakeholders in the Real Estate industry to tokenize assets and introduce new models of investment in illiquid assets. Additionally, DTX is expected to launch the DTX Unified Wallet, which allows holding stocks, cryptos, and forex assets. Additionally, future plans include holding the Digi-Hackathon to improve platform security and integrity. 

DTX Exchange: Unifying Digital Assets with Strong Growth Potential

With the unique approach DTX Exchange has taken to unifying digital assets, its presale performance comes as no surprise. Built on the VulcanX blockchain, the platform is designed to improve transaction capacity compared to many layer-1 blockchains.

Given the rapid pace of the presale sold, the altcoin could mirror the past trajectory of other cryptos that had exponential rallies. In the past, projects like Solana, Cardano, Polygon, and Dogecoin have all surged from small-scale altcoins into multi-billion dollar projects that have become household names. DTX Exchange aims to fulfill its potential and turn into a major powerhouse in the coming months.

Investors can still become an early part of the DTX Exchange community. With a current price of $0.08 and a listing price of $0.20, investors are poised to enjoy growth in value in the coming months. With broad applications for the financial sector, DTX aims to become the cornerstone of the DeFi industry and carve out a sizeable portion of the $2 Trillion trading industry.

Users can learn more:

Users can buy Presale here

Users can visit DTX Website here

Users can join The DTX Community

Contact

DTX Exchange
dtxinnovations@gmail.com