SEC - Page 93

In times of declining effectiveness of crypto incentive programs, the Taunt Token airdrop campaign has caught the interest of crypto enthusiasts due to its creative method of rewarding real and active users. Issued by Taunt Network, which aims to revolutionize interactive gaming experiences, the Taunt token will be used to drive tokenized engagement between audiences and creators.

This article will look at the mechanics of the Taunt Token airdrop, including how it works, who is eligible, and how to maximize the chances of obtaining more airdrop tokens.  

Understanding the 1M $TAUNT Token Airdrop 

The Taunt Token airdrop is a unique $1 million campaign that aims to distribute $TAUNT tokens while encouraging genuine community interaction. Unlike typical airdrops, this strategy takes a unique route—using special Soul-Bound Tokens (SBTs), Engagement Points (EPs), the EP lottery, and the Referral Program. 

How Does Taunt Token Prevent Bot Abuse?

Bot activity has been increasing recently, especially when airdrops are involved. This has impeded the efficient distribution of airdrop campaigns and caused a number of issues in various airdrop campaigns. Nonetheless, the Taunt Token’s airdrop uses more advanced technology to reward only actual community members. This guarantees an equitable and fair token distribution and is expected to benefit the token valuation at launch.

What are Soul-Bound Tokens (SBTs)? 

The Taunt Token incentive scheme is based on non-tradable tokens called Soul-bound Tokens (SBTs). Tokens can be earned by platform-specific activities, such as challenges and referrals. Additionally, SBTs function as a “key” to enable the ecosystem’s Engagement Points (EPs) earning system. 

How can users get Soul-Bound Tokens?

Earning SBTs requires performing specific tasks. Every week, there is a distinct SBT with criteria set for every community member to complete within that timeframe. Notably, these tokens can’t be claimed retrospectively; users must earn them through constant task participation, fostering continued engagement and fair compensation for everyone involved.

How do SBTs Contribute to the Taunt Token Ecosystem?

SBTs are essential to the Taunt Token ecosystem in several ways. First, they are required to obtain Engagement Points, meaning that only dedicated users can accrue rewards. Second, SBTs boost users’ chances of winning rewards by acting as multipliers in the weekly EP lottery. Up to 4 SBTs may be awarded to an engaged user who joins at the beginning of a four-week campaign

What are the Different Quests of SBT Activities in Battleworld?

SBT Activities are organized into quests:

Quest 1 (Social)

Thesee initial Quest, which a user must complete before proceeding to other Quests. Activities in this Quest are simple and can be completed quickly. They include;

• Make an account on Battleworld’s website.

• Follow Battleworld on X.

• Follow $TAUNT on X.

• Join the Battleworld Discord.

• Join the $TAUNT Telegram.

Quest 2 (Play Battleworld)

• Play a tournament with an Outsider warrior.

• Visit the Gitbook 

Quest 3 (Discover Underworld)

• Play Bored of Directors – Battleworld Escape powered by Pipeflare 

Quest 4 (Referrals and deeper engagement)

• Complete referrals to the $TAUNT airdrop campaign.

• Retweet a post from the Battleworld X account.

• Make a post on X using the $TAUNT tag.

• Like a Battleworld X post.

Quest 5 (Watch and Earn)

• Watch a Battleworld match 

• Play in a Battleworld prediction match  

How do Engagement Points (EP) work?

Engagement Points (EP) are the foundation of the Taunt Token reward campaign. Users can earn these off-chain points by participating in various platform activities. In addition to gauging user activity, EP may be exchanged for Taunt tokens. Interestingly, EP’s value increases with time, providing a strong incentive for continued involvement and long-term ownership. 

How can Users get Engagement Points Daily? 

Users may earn EPs through a variety of daily activities. These include possessing and holding certain assets such as Genesis Pass, Genesis Warriors, and Black Magic Warriors, with benefits ranging depending on their rarity and quantity. Additional daily EP-earning alternatives include participating in Battleworld Watch and Earn games and owning NFT fighters of various races and rarity Quests. 

How to Earn Extra Engagement Points?

Beyond daily activities, users may earn EPs through a variety of innovative techniques. The referral program awards EPs when referred users obtain an SBT. Users can also spin the Wheel by spending SKULLS on Battleworld’s website for a chance to win EPs and other prizes. Additionally, the platform rewards users to perform activities or generate content, with winners chosen by the Battleworld team and community. These multiple alternatives adapt to different user interests, promoting various interactions with the ecosystem.

Benefits of the Referral Program

The referral program for the airdrop campaign has many perks for users with more referrals. The two primary benefits of the referral program are a referral leaderboard and a higher chance of winning the EP lottery. For the leaderboard, a user’s position is based on the number of new users onboarded. Note that additional EP rewards are attached to leaderboard positions with a higher chance of winning in the EP lottery.

How Does the EP Lottery Operate? 

The EP Lottery is a weekly event where users may participate using their acquired Engagement Points (EPs). Every EP is like a lottery ticket, allowing users to win different rewards. Users may increase their chances of winning by performing specific tasks inside the ecosystem, such as the referral program explained above.

How do SBTs Impact Lottery Entries?

SBTs increase users’ EPs’ worth, giving them a significant edge in the lottery. The user’s effective EP count will be boosted by 10% with each SBT, which is multiplicative with more SBTs. 

Which Prizes are up for Grabs in the EP Lottery? 

The EP Lottery provides a wide selection of rewards to cater to a variety of user interests. These perks include NFT fighters, Genesis Passes, cryptocurrency incentives in MATIC or ETH, and extra EPs available to winners. Principally, the diversity of rewards the lottery offers guarantees that it will always be intriguing and relevant to a large segment of the ecosystem. 

Earning Engagement Points Through Battleworld Mini-Games

Battleworld Underground is a collection of six mini-games inspired by the Battleworld IP. These games provide players more chances to earn Engagement Points (EPs) and fit in with Battleworld’s narrative. The first game in the ecosystem, “Bored of Directors – Escape from Battleworld,” introduces players to this new kind of gaming. 

Users may earn EPs by playing daily mini-games offered by Pipeflare. Each game awards a defined number of EPs for participation and victory, making the process of acquiring Taunt Tokens more gamified. 

The conventional trading ecosystem has long been plagued by fundamental problems: most traders lose money trying to predict markets, trading creates adversarial relationships between investors, and high fees and counterparty risks are rampant. However, a revolution in the trading industry is on the horizon. Imagine a scenario where you don’t need to foresee market moves to benefit. This is precisely what Untrading provides.

Untrading Technologies Pte Ltd, a Singapore-based fintech firm, is driving this change with its decentralized asset management platform. Leveraging cutting-edge protocols and blockchain technology, Untrading aims to make trading more profitable, transparent, and fair for all parties involved.

The Problems with Traditional Trading

Most traders, especially beginners, eventually lose significant money as they proceed on their trading journey. The cause? They focus on attempting to forecast market changes based on various analytical conditions. These attempts often fall outside their plan, demonstrating that the notion of precise market forecasts being necessary for successful trading is fundamentally flawed.

Unfortunately, this mindset turns trading into a competition, making it difficult for anyone to consistently come out on top. The system profits from traders’ mistakes, fostering a hidden agenda where exchanges stand to gain more from traders’ losses.

Reimagining Asset Ownership and Value

Untrading’s innovative techniques are leading the way in reimagining asset ownership and value monetization in the digital era. 

Untrading cracks the code on win-win: Where Game Theory meets crypto – turning Prof. Axelrod’s most successful cooperative strategy into a paradigm-shifting blockchain investment infrastructure.

Cooperative Strategies: Insights from Prof. Robert Axelrod’s Research

Untrading’s philosophy was proven by the groundbreaking work of Professor Robert Axelrod on cooperative strategies. Axelrod’s research, particularly his famous “Evolution of Cooperation” studies, provides crucial insights that Untrading has adapted for the crypto trading world. By integrating these principles, Untrading creates an ecosystem where cooperation is not just encouraged but becomes the most profitable strategy for all participants.

Provenance Value Amplification (PVA)

Untrading’s invention is centered around the Provenance Value Amplification (PVA) protocol. This commission-free mechanism enables token holders to profit from future price increases even after they sell their assets. PVA ensures that those who have contributed to the history of an asset are appropriately compensated, understanding the importance of provenance, especially in metaverse assets.

Key features of PVA include:

• ERC-5173 Integration: Users can get a cut of future sales proceeds from previously held assets. 
• No Commission Fees: Untrading does not charge commissions and avoids conflicts of interest using a shared success approach. 
• Blockchain-Powered Innovation: State-of-art Multisig smart contract technology secures the system. 

Building Collaborative Environments 

The strategy used by Untrading encourages the growth of open, value-driven communities. Users may foster a more helpful and cooperative trade environment by exchanging ideas, tactics, and success stories. This transition from adversarial to shared prosperity partnerships eliminates financial conflicts and mismatched incentives. 

Innovation and Technology 

Untrading uses innovative technology to make trading more intelligent and effective: 

• Truly Divisible NFTs: A novel structure increases adaptability and offers countless opportunities. 
• Upgraded ERC-20 Tokens: Any ERC-20 token may be upgraded to a divisible NFT, which combines the fungibility advantages of ERC-721 with the uniqueness of ERC-20. 
• Modular Smart Contract Infrastructure: Multi-sig smart contracts with a modular design make security, smooth deployment, and upgradability possible.

Compared to established platforms, these advances place Untrading as a leader in transparency, trust, accessibility, efficiency, and security. 

Market Opportunity and Growth Strategy

Untrading concentrates on the quickly growing Southeast Asian crypto retail investor base, which consists of over 37 million users spread across essential markets, including the Philippines, Indonesia, Malaysia, and Vietnam.

Untrading has developed a thorough expansion plan to take advantage of this opportunity. In the initial phase, the company integrates important partners and creators while focusing on community building and ecosystem jumpstart. 

During its second phase, Untrading concentrates on acquiring users by employing strategic partnerships. The company’s strategy involves partnering with top cryptocurrency platforms and wallets to integrate its functionality into partner platforms. 

The last stage focuses on enterprise and institutional outreach. Untrading wants to work with businesses investigating blockchain-based revenue streams and partner with financial institutions on innovative product development. 

Regulatory Advantage and Global Expansion

In an attempt to capitalize on many significant benefits, Untrading is aggressively pursuing a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). 

Getting the MAS license will, first and foremost, significantly increase Untrading’s legitimacy and dependability. 

Furthermore, Singapore’s regulatory structure provides regulatory synergy with other regional markets because it is well-aligned with them. This alignment makes it simpler for Untrading to grow its services regionally by streamlining compliance procedures and enabling more seamless operations across several countries. 

Finally, Untrading will have a solid platform for international growth thanks to the MAS license. Untrading can more skillfully traverse the regulatory environments of other countries by creating a solid regulatory foundation in Singapore. 

The company intends to expand gradually around the world, giving priority to regions with hospitable regulatory frameworks. 

Creative Community-Sparked Growth

Untrading is employing distinct tactics to promote uptake:

• KOL-Led Investment Groups: This approach forms dynamic investment groups by collaborating with prominent trading community leaders, gamifying the transition from “Camps” to “Kingdoms.”
• Religious Community Focus: Reaching out to close-knit religious groups by working with authorized local investment advisers and sending out committed ambassadors.

Future Developments

Market Making Yield for Statistical Arbitrage (SAMMY) 

SAMMY, a statistical arbitrage-based hedge fund strategy, is scheduled to launch in Q1 2025. This functionality will allow users to take advantage of risk-free high-frequency trading possibilities. Untrading intends to employ this tactic for its token on several exchanges in Q3 2024 and provide market-making services to exchanges and cryptocurrency projects. 

Upcoming Innovations: Bridging the Gap Between CEXes and DEXes

As part of its commitment to continuous innovation, Untrading is excited to announce the development of its v1.5 release, scheduled for Q4. This update will introduce a groundbreaking feature that promises to revolutionize users’ trading experience.

At the heart of this update is an industry-first On-demand Market Making (OMM) mechanism. This innovative system combines the best features of centralized exchanges (CEXes) and decentralized exchanges (DEXes), offering users an unparalleled trading experience.

Key benefits of the OMM mechanism will include:

Enhanced Price Execution: Users can expect improved price fills, ensuring they get the best possible rates for their trades.

Minimal to Zero Slippage: The mechanism is designed to significantly reduce or eliminate slippage, a common issue in many existing exchanges.

Abundant Liquidity: The OMM will provide ample liquidity across various trading pairs by leveraging advanced market-making techniques.

Seamless User Experience: The system will operate behind the scenes, offering users the benefits of sophisticated market-making without additional complexity in the trading process.

While excited about this innovation, Untrading is keeping the specific details under wraps for now. This strategic decision allows the platform to maintain its competitive edge and ensure that it can deliver a fully optimized and tested system to its users.

The introduction of the OMM mechanism represents a significant step forward in Untrading’s mission to create a more efficient, fair, and user-friendly trading environment. It aligns perfectly with the platform’s existing innovations, like the Provenance Value Amplification (PVA) protocol and their implementation of Professor Axelrod’s cooperative strategies.

As the release date approaches, the Untrading team will be sharing more information about this feature and how it will integrate with their existing ecosystem. The team encourages users and industry observers to stay tuned for updates and prepare to experience the next evolution in decentralized trading with their v1.5 release.

Conclusion

In the field of finance, Untrading is a paradigm change that provides a solution to the persistent problems with traditional trading. By eliminating the need for forecasts, promoting cooperative ecosystems, and utilizing cutting-edge blockchain technology, Untrading is set to upend the multi-trillion-dollar trading sector. 

Owing to its unique features, the platform’s users have never-before-seen opportunities to participate in sophisticated trading strategies and profit from asset appreciation. These include Provenance Value Amplification, a Collaborative environment, Innovative Technology, an impending SAMMY strategy, and the development of the v1.5 release. Untrading makes trading more fair and beneficial for all parties by emphasizing security, transparency, and aligned incentives. 

Untrading has the potential to upend the multi-trillion-dollar trading sector. In order to support this goal, they are making up to 4% of their tokens available to forward-thinking investors. These funds will be used to improve platform development and user experience, increase market penetration and add new users, empower their community through growth initiatives and educational resources, and draw in top talent to spur innovation and expansion.