1h ago • cryptodaily
OKX to Open Office in Australia
MELBOURNE, AUSTRALIA, 29th March, 2023, ChainwireBrand Ambassadors Daniel Ricciardo, Scotty James, and McLaren F1 driver Oscar Piastri join event at Melbourne Arts Centre to celebrate ahead of Australian Grand PrixOKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that it will open an office in Australia in the coming months.The announcement was made at an exclusive event for Australia's crypto community at the Melbourne Arts Centre, and was attended by OKX Ambassadors Scotty James and Daniel Ricciardo.OKX Ambassadors Daniel Ricciardo (left) Scotty James (right)On 30 March, the Australian Grand Prix commences and will feature the OKX-sponsored McLaren F1 Team car driven by Australian Oscar Piastri and Lando Norris.Haider Rafique, Chief Marketing Officer at OKX, said: "Our ambition is straightforward - to become the leading crypto platform in the world. We see Australia as an indispensable part of this strategy and a key growth market. With such a strong uptake of crypto in Australia already, we're committed to the local market and aim to build a strong local office."Daniel Ricciardo, Australian F1 driver and OKX Ambassador, said: "I'm very excited to see OKX plan an office in my home country. I had a great time celebrating with the OKX team and the crypto community today. The future looks bright for OKX in Australia."Scotty James, Australian Olympic snowboarder and OKX Ambassador, said: "Crypto never sleeps, and OKX continues to build its community. Australia is a special place for crypto, and it is exciting to see OKX announce it will be opening an office in Australia."OKX's commitment to trust and transparency is showcased by its publishing of Proof of Reserves (PoR) on a monthly basis. OKX holds the largest 100% clean reserves among major exchanges at USD$8.9 billion, according to third party data. Reserves and liabilities can be self-verified with trustless tools on the OKX website.OKX CMO Haider Rafique (left) and McLaren F1 Driver Oscar Piastri (right)OKX Ambassadors Scotty James (left), and Daniel Ricciardo (right) pose with OKX CMO Haider Rafique (center)About OKXOKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume and is trusted by more than 50 million users.OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.To learn more about OKX, download our app or visit: okx.comDisclaimerThis announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific [email protected]
2h ago • cryptodaily
Safemoon Liquidity Pool Compromised Thanks To Token Burn Bug
DeFi project Safemoon has announced that its liquidity pool has been compromised, according to a statement on its official Twitter handle.
So far, the amount of funds stolen due to the exploit remains unknown.
Liquidity Pool Compromised
Safemoon stated that it is taking steps to resolve the matter. However, details around the issue remain sketchy at best.
“We are taking swift action in an attempt to resolve the issue as soon as possible. Follow here for updates. Thank you for your support as we work to address this situation.”
CEO John Karony retweeted the same statement but has not commented further. Safepool is a Metaverse, blockchain, NFT, and Web 3.0 building and innovation ecosystem. However, the company has been at the center of several controversies since its launch in March 2021.
The Bug In Question
While Safemoon has remained mum about the incident, several others have commented on the developments. Security firm PeckShield has stated that an update to a contract introduced a burn bug that allowed anyone to destroy tokens. PeckShield stated that the upgrade looked to be initiated by a deployer contract, making it possible that there was an admin key leak. However, the firm could not state how much crypto, if any, has been compromised.
“Hi @safemoon, The upgrade, with the exploited public burn bug, was initiated by the official SafeMoon: Deployer. (Admin key leak?).”
Meanwhile, Web 3.0 developer DeFi mark stated that SafeMoon was hacked for $8.9 million, adding that he was able to identify an obvious exploit. The public burn function allows users to burn tokens from any other address. The attacker exploited this function to remove SFM tokens from the SafeMoon WBNB Liquidity Pool, artificially inflating the price of the native token.
Attacker Reaches Out
Following the news of the exploit, the protocol’s native SFM token tanked, dropping as much as 30%. However, barely hours after the exploit, the attackers in question responded to a message in the transaction thread, seemingly suggesting that they were willing to return the funds to Safemoon, which indeed they did. Data from Peckshield showed that the attackers had sent 4000 BNB tokens worth $1.2 million.
“Hey, relax. We are accidentally frontrun an attack against you. We would like to return the fund, set up a secure communication channel, lets talk.”
Controversy’s Child
The attack and subsequent compromise could not have come at a worse time for Safemoon, which had recently been promoting its security offering, Orbital Shield. While the exploit is not related to this product, it does not really inspire confidence in the project’s security products. The protocol has been dogged by controversy since its inception in 2021. In 2022, the protocol came under heavy criticism from YouTuber Coffeezilla, who stated that the project’s former CEO, known only as Kyle, had committed fraud. He also alleged that the current CEO had stolen from his own project.
The protocol has also been the subject of a number of class action lawsuits, further damaging its reputation. The lawsuits have accused the project of being a pump-and-dump scheme and is in violation of several securities laws. The SFM token saw a considerable surge when one of the lawsuits was dropped. However, that gain proved to be very short-lived.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21h ago • cryptodaily
Top 8 ERC20 Tokens to Buy Now in 2023 - Ethereum Network Best Gems
ERC20 tokens are tokens built on the Ethereum blockchain and are standardized to ensure they are compatible with the Ethereum network. This means they can be easily integrated with other Ethereum-based applications, making them highly versatile and easy to use.
But why do so many projects choose to release their tokens on the Ethereum blockchain? Well, Ethereum is one of the most popular blockchain platforms in the world, offering developers a wide range of benefits. For starters, it allows for creating smart contracts, self-executing contracts that can automate complex business processes. Additionally, Ethereum has a large and active developer community, so new tools and features are constantly added to the platform.
If you're looking to invest in ERC20 tokens in 2023, then you'll want to keep an eye on some of the top projects in the space. In this article, we'll take a look at the top 8 ERC20 tokens to invest in this year. From DigiToads to Calvaria, each of these projects has something unique and is definitely worth considering for your portfolio.
1. DigiToads
DigiToads is a new play-to-earn token with a toad-themed ecosystem designed to increase the passive income-earning potential of token holders. Developing a Web3 game where players can purchase, collect, and train toad NFTs as pets is one of the most exciting aspects of DigiToads. These toads can be used in battle and to climb the leaderboard rankings in exchange for the game's native currency, TOADS.
At the end of each gaming season, half of the total prize pool, collected from in-game item sales, is distributed proportionally to the top 25 percent of players. Even if players don't finish in the top 25%, they still get 10% of the total prize pool. Additionally, 2% of each TOADS sale is dedicated to the staking pool, implying that players who stake their NFTs are eligible for large payouts.
Notably, DigiToads are automatically burned at a rate of 2% of all TOADS transactions, resulting in a decreasing supply and increased potential for long-term appreciation for those who hold it.
DigiToads presale has already raised over $340K in two weeks, so the project is truly about to make a revolution in the blockchain gaming industry.
For More Information on DigiToads:
Visit The Website: https://digitoads.world
Join The Community: Linktr.ee/digitoads
2. ApeCoin
ApeCoin is a relatively new ERC20 token developed by Yuga Labs, the creator of the Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token (NFT) collections. APE is a governance and utility token used as the primary token in Web3 for art, gaming, entertainment, and events. Bored Apes, a collection of 10,000 unique digital artworks, has become a trademark of ApeCoin.
ApeCoin is a decentralized autonomous organization (DAO) whose governance and management are handled by token holders. Therefore, all ApeCoin holders have the opportunity to join the ApeCoin DAO and have a say in how the Ecosystem Fund is distributed, as well as other governance rules, projects, and partnerships.
The Ape Improvement Proposal (AIP) Process provides a methodical framework for community members to submit proposals in one of three broad categories: Core, Process, or Informational.
3. Decentraland
Decentraland is a widely used metaverse platform that allows for digital advertising for blockchain-friendly brands and play-to-earn crypto games like ICE poker, virtual concerts, and more.
Users can buy, sell, and manage virtual reality applications on this platform, encouraging more developers and operators to join the project's global network.
The platform's original token, MANA, can be used to purchase LAND. LAND is a non-fungible digital asset stored in an Ethereum smart contract.
The MANA currency serves many purposes beyond just facilitating avatar comparisons. In this online environment, users can buy land to construct, explore, and run their own businesses.
4. Uniswap
Uniswap is an Ethereum-based protocol for executing decentralized exchanges. It allows users to trade any ERC-20 token without a central intermediary. Launched in November 2018, Uniswapis based on the Ethereum platform and takes advantage of its smart contracts, which carry out actions automatically once certain criteria are met. Since the protocol is freely available, anyone can use it to start new markets or participate in existing ones.
The Uniswap protocol relies fundamentally on an AMM structure to facilitate trades. Instead of an order book, this model uses a mathematical algorithm to establish the value of tokens. Traders who contribute liquidity to the protocol do so by placing an equal number of two tokens into a liquidity pool, from which they receive liquidity pool tokens representing a proportional allocation of the pool's total value. In exchange for trading or holding these tokens, users gain access to a proportion of the protocol's transaction fees.
5. Maker
Using the Ethereum blockchain, Maker (MKR) operates as a DAO to oversee the Maker Protocol. Dai is a stablecoin whose value is pegged to the US dollar, and it can be created on the Maker protocol, a decentralized lending platform. Using the Maker Protocol, borrowers can secure Ethereum as collateral and borrow Dai at a predetermined collateralization ratio. The system is set up to keep the value of a Dai at 1 USD at all times.
MKR is the Maker protocol's token of governance. Holders of MKR can vote on proposed amendments to the protocol, such as the addition or deletion of collateral types and adjustments to the risk parameters. When the collateral value drops below the required collateralization ratio, auctions of unsecured debt are triggered, and MKR holders must participate in keeping the system stable.
One of its most notable features is the Maker protocol's flexibility in accepting cryptocurrency, fiat currency, and even other stablecoins as collateral. This ensures that there are no central points of failure in the protocol and that it can continue to operate independently. All transactions and balances in Maker are public and auditable via the blockchain, adding to the protocol's credibility.
6. Yearn Finance
Yearn Finance is a DeFi yield farming platform focused on helping its users maximize their cryptocurrency investment returns. Yearn Finance allows owners of ERC20 tokens to either lend out their tokens at potentially high-interest rates or stake them on the blockchain of a given project in exchange for rewards.
The Yearn Finance token (YFI) is an ERC20 token unique to the platform. Its primary function is a governance token that entitles token holders to a say in which future projects the platform will support. YFI token holders are also eligible for a cut of the company's profits. A portion of the fees paid by Yean Finance users is allocated to managing the investments delivered to YFI token holders.
7. Dash 2 Trade
Dash2Trade, a novel social trading and analytics tool, is another ERC20 token that deserves your attention. Its goal is to arm users with all the data they need to make educated decisions in the cryptocurrency market. Social trading, listing alerts, market news, on-chain analytics, and automated trading tools are just some of the platform's many features.
Dash2Trade's native D2T token is what makes the platform work. D2T uses the Ethereum blockchain and has a maximum supply of 1 billion coins.
8. Calvaria
Last but not least, we have Calvaria, an innovative crypto-card game. It is the traditional play-to-earn that allows users to earn money by competing against other users.
The goal is to create a game that can bridge the gap between the "real world" and the crypto world, making it fun and approachable, and accessible on iPhone, Android, and PC.
$RIA will be utilized to support the entire gaming ecosystem and awarded to tournament winners. The tokens are tradable on marketplaces and can be used to purchase virtual goods such as NFT cards.
Players will also be rewarded with $eRIA (earned ria) tokens for their time and effort in the game. The $eRIA token will have utility and value in and out of the crypto community.
Final Takeaway
Investing in ERC20 tokens can be smart for those looking to diversify their cryptocurrency portfolios. With the wide range of benefits, the Ethereum blockchain offers, it's no surprise that many projects choose to release their tokens on this platform. The top 8 ERC20 tokens mentioned in the article offer unique features and growth potential, so diversify your portfolio and maximize your returns in the long term.
To purchase DigiToads visit: https://digitoads.worldTo purchase the other tokens on this list head over to eToro or any major crypto exchange
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
22h ago • cryptodaily
Disney Lays Off Metaverse Team
The metaverse team at Disney has been laid off as a part of its company-wide staff reduction.
What Is Happening To Metaverse Projects?
Is the metaverse dream crashing? After Meta shelving its NFT project, Disney has been the next to cull its metaverse plans. According to the latest reports, the entertainment giant recently terminated 50 people who comprised its metaverse team in what the company is calling an attempt to control costs. CEO Bob Iger has called for the need for a streamlined business, and the company is in the process of laying off over 7,000 staff members from its entire roster as a part of this initiative. It looks like the metaverse team was just part of the casualties.
It is clear that even Disney is not shielded from the economic downturn impacting large companies and has been forced to rethink expensive dream projects which are not bringing in any immediate revenue.
Disney's Web3 Initiatives
However, letting go of the metaverse team might indicate an issue deeper than the need to “streamline” business operations. It is clear that the company is questioning the continued value of Web3.
The conglomerate had jumped on the Web3 bandwagon, much like all other major entertainment companies. Even though 2022 was a tough year for crypto, that was the year Disney chose to embark on its metaverse journey. The company started off by selecting Polygon as its blockchain partner. It also underwent rampant resource deployment for Web3 and started hiring initiatives for several positions; one of these include an in-house legal counseling position involving NFTs, blockchain, metaverse, and DeFi.
Metaverse Shelved With Leadership Changes
In February 2022, the former CEO of Disney, Bob Chapek, brought Mike White, who used to be the SVP of consumer experiences and platforms, to head the metaverse division. White was charged with spearheading Disney’s Web3 expansion by developing interactive storytelling using Disney’s extensive library of intellectual property.
Soon after, in November 2022, Iger took over the company’s leadership from Chapek and, despite recent developments, appeared quite bullish on the metaverse.
However, last month the company announced that budget cuts for around $5.5 billion would soon be happening in the company, which would mean eliminating around 7000 jobs as a part of a broader restructuring. The entire metaverse team, other than White, has been let go, according to reports. Although White has retained his job, it is uncertain what his new position at the company is going to be.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day ago • cryptodaily
Gambulls NFT Collection Set To launch In Less Than 1 Week
Gambulls, the online full licensed Web3 casino platform, is set to introduce its highly-anticipated NFT collection, Gambulls NFT Collection, on March 31st, 2023.
This unique NFT collection will be available on Magic Eden, the cross-chain NFT marketplace, and the Gambulls collection will feature 6,673 different Bulls, with only seven of them being Legendaries, all based on the Polygon network.
Have you secured your wishlist spot yet to get your hands on one of these exclusive NFTs? If not, you must secure a spot on Gambulls' rapidly filling whitelist on their Discord channel.
Additionally, Gambulls regularly offers giveaways and updates on the minting process on their Twitter and Discord channels, both of which have seen tremendous growth leading up to the release date.
The release of the NFTs aims to build a more extensive ecosystem for Gambulls and offer exclusive rewards and utilities for its users.
Those rewards and utilities will be accessible through Gambulls’ sports betting arm (rakebacks, bonuses, promotions), better wagering limits (increasing the current $50 limit on spins and bonus buys), and the Turnkey process (empowering the community and their role in the decision-making aspect).
Gambulls NFT owners can win weekly cash prizes in online gaming, access the engage-to-earn program, rakeback bonuses, and promotions for the Sports Betting feature that will soon be launched on the platform.
The 3D Gambulls NFT collection has a limited number of 6,673 minted NFTs, including 7 Legendaries, each with varying rarities assigned to them. The value of these NFTs can be determined by how likely they are to possess certain traits, making them more collectible and desirable.
Furthermore, the minted 3D Gambulls offer additional rakeback on Sports Book bets. In addition, they provide access to the upcoming engage-to-earn program that spans the entire Gambulls platform.
A preview of the 2D Gambulls collection was recently shared with the community. Everyone who mints a 3D Gambulls NFT will receive a 2D Gambulls as a bonus. The 2D collection’s artwork is very different from the 3D collection and will provide future utility to holders.
The Gambulls NFT collection is a part of Gambulls' larger roadmap to create a Metaverse ecosystem that will revolutionize the online gaming experience.
By utilizing NFTs, Gambulls will continually raise capital to develop its ecosystem and reinvest these funds into the community and holders by offering them incentives.
The Gambulls NFT Marketplace will be developed in the future, employing three major blockchains - Ethereum, Polygon, and Solana.
This marketplace will allow users to seamlessly switch between networks, explore a wide range of NFTs, and make purchases with their preferred cryptocurrencies that are network-compatible.|
To achieve its vision, Gambulls intends to continually build strong relationships with its community through trust, transparency, and community support.
With your MATIC tokens, grab your exclusive Gambulls NFTs and join the Gambulls Metaverse.
To stay updated with the Gambulls NFT collection and other projects, join any of their channels, including Discord, Gambulls NFT page, Twitter, or Instagram.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day ago • cryptodaily
UK Treasury Halts Plans For Royal Mint NFT
The UK Treasury (HM Treasury) has halted plans to launch a Royal Mint Non-Fungible Token (NFT), as announced by Economic Secretary of the Treasury, Andrew Griffith.
Initially proposed by then-Chancellor of the Exchequer and current Prime Minister Rishi Sunak in April 2022, the project aimed to make the UK a global hub for crypto-assets. However, the project's launch, which was scheduled for the summer of 2022, failed to materialize.
Chancellor @RishiSunak has asked @RoyalMintUK to create an NFT to be issued by the summer.This decision shows the the forward-looking approach we are determined to take towards cryptoassets in the UK. pic.twitter.com/cd0tiailBK
— HM Treasury (@hmtreasury) April 4, 2022
Harriet Baldwin, head of the Treasury Select Committee, questioned the project's status and voiced concerns about speculative tokens, stating that constituents should be cautious about investing in them. The Royal Mint and Treasury have not provided any further information on the NFT's intended use, prompting skepticism from politicians such as Shadow Chancellor Rachel Reeves (Labor MP).
Despite this initial setback, Prime Minister Rishi Sunak has yet to comment on the decision or outline any solid plans for further cryptocurrency adoption in the UK.
While the UK Treasury's decision to halt the Royal Mint NFT project raises questions about the future of government-backed crypto initiatives, it also brings to light crucial debates about the role of states and governments in the crypto space.
What's at Stake?
States or governments, such as the UK, should tread carefully when venturing into non-fungible tokens (NFTs), but it must also be said clearly: the same goes for the crypto community. A critical stance is necessary to be maintained, especially when interacting with any crypto project or initiative that's government-funded.
Non-fungible tokens are supposed to be, and are, by design, inherently decentralized. Governments are, on the contrary, the exact opposite. The decentralized nature of crypto clashes with the fundamental components of a state or government, which are made on the foundational principle of authority. An apparatus of control cannot go forth and call itself a supporter (whether by sympathy or by mere association) of decentralization, because it negates the existing platitudes of state authority.
There's also the position of regulatory challenges to consider: governments are ipso facto the same bodies that control and oversee the regulated spheres of the crypto industry. The idea of a government-backed NFT initiative, while laudable for its ideals, requires new regulations and enforcement mechanisms to properly execute and ensure the appropriate governance of digital assets. More work for the government means more public resources poured into something that not everyone agrees with or supports.
Another tangent is that of possible conflicts of interest if a government launches an NFT project: if the government itself is also responsible for regulating the broader crypto space, what level of transparency could one hope for, and to what extent can a citizenry trust that the government will not exercise its authority to prioritize or defer resources for this project? Such a duality would likely open accusations of bias, potentially hindering the development of a fairly regulated and open crypto ecosystem.
For instance, governments may use these technologies to exert control over citizens or bypass international sanctions, which could ultimately harm the reputation and credibility of the entire crypto space.
While the idea of government-backed NFTs may seem appealing at first, the potential risks and complications associated with such projects should give both governments and the crypto community reason for caution. The crypto space thrives on decentralization and innovation, and excessive government involvement could stifle the very qualities that have made it so attractive in the first place.
As the UK resolves to become a global crypto hub, it has also been mired with inconsistencies in its stance on crypto,
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Opinions stated herein are solely of the author's, and hence do not represent or reflect CryptoDaily's position on the matter. The author has no influential stakes in any of the digital assets and securities mentioned, and does not have any significant hold of or own any cryptocurrency or token discussed.
1 day ago • cryptodaily
Sphynx Ink and OpenSea Partner for “Winkles & Flam” Digital Collectibles
Toronto, Canada, 27th March, 2023, ChainwireWinkles & Flam™, the ‘Cosplaying Canadian Kitties™,’ are the First Original Cartoon Duo of the web3 space, launching exclusively on OpenSea DropsSphynx Ink Inc. comprises Oscar®-Nominated Filmmaker Adam Benzine (HBO’s Spectres of the Shoah) & BAFTA®-Winning Illustrator Dele Nuga (The BBC’s The Clangers)Non-PFP and non-generative, Winkles & Flam marks a radical new model for Digital Collectibles, with high-quality, hand-drawn illustrations & weekly/seasonal releasesThe first project to partner with Mint Foundry, the new Visual Metadata Editor from the team behind acclaimed ‘No Code’ NFT service Mintplex LabsCanadian art collective Sphynx Ink Inc. is partnering with OpenSea’s exclusive “Drops” platform to launch Winkles & Flam, a ground-breaking Digital Collectibles project introducing the first cartoon duo of the web3 space.Created by Oscar®-nominated filmmaker Adam Benzine and BAFTA®-winning illustrator Dele Nuga, Winkles & Flam – the ‘Cosplaying Canadian Kitties’ – are adorkable sibling Sphynx cats who dress up in homemade, video game-inspired outfits. A year in the works and featuring original, hand-drawn art, the project differs radically from current NFT projects. It is not a PFP (Profile Picture). Nor does it use generative elements.Launching April 3 with weekly content drops, rather than all at once, Winkles & Flam will run for five seasons, with sets of hand-drawn images comprising a mix of free mint, fixed-price and auctioned offerings. Each set draws inspiration from an iconic video game, with an educational component – Winklepedia™ – focusing on the history of video games.A Season Pass goes on sale today (March 27) exclusively via OpenSea Drops, limited to just 1,000 copies and guaranteeing buyers all 30 cards from Season 1.Winkles & Flam is the first major project to use Mintplex Lab’s cutting-edge, visual metadata editor Mint Foundry, which allows creators to edit and update information in real-time, without coding knowledge.Winkles & Flam Creator Adam Benzine says: “Winkles & Flam marks the start of ‘Phase 2’ of the Digital Collectibles space, focusing on original characters, narrative, quality and reliability, led by doxxed creators with a proven track record.“The market has grown tired of low-quality, rug-pull pump-n-dumps and vaguely conceived, cash-grab metaverses. A steady stream of garbage profile pictures has turned off consumers. It’s time for something fresh.”Winkles & Flam Co-Creator Dele Nuga adds: “We’re thrilled to partner with OpenSea Drops and grateful to the geniuses at Mintplex Labs for devising a solution for our unconventional release strategy. We believe Winkles & Flam will be the first of many projects to move to a character-based, weekly release strategy, focusing on personality, storytelling and community.”Season 1 of Winkles & Flam launches on April 3 and runs for 10 weeks, with weekly free mint cards (featuring Winkles) and fixed-priced cards (featuring Flam) released on Polygon. Winkles & Flam: Platinum cards (unique 1-of-1s featuring the duo together in playful scenarios) will be auctioned daily on Ethereum. Check out winklesandflam.com for more info.(NOTE: Winkles is the pink kitty with blue eyes. Flam is the grey kitten with green eyes.)About Sphynx Ink Inc.Founded by Oscar®-nominee ADAM BENZINE and BAFTA®-winner DELE NUGA, Sphynx Ink Inc. is the Toronto-based art collective behind WINKLES & FLAM™, The Cosplaying Canadian Kitties™!LINKS:Winkles & Flam on OpenSea Drops: opensea.io/collection/winklesandflam-seasonpass/dropWinkles & Flam Official Site: winklesandflam.comWinkles & Flam LinkTree: linktr.ee/winklesandflamWinkles & Flam Creator Adam Benzine: en.wikipedia.org/wiki/adam_benzineMintplex Labs: mintplex.xyzContactPress EnquiriesSphynx Ink [email protected]
2 days ago • cryptodaily
Open-Source Blockchain D-Ecosystem Raises $6M Ahead of March 29th IDO
Tallinn, Estonia, 27th March, 2023, ChainwireOpen-source blockchain D-Ecosystem has announced that it has raised $6M in funding ahead of its initial DEX offering (IDO). The public sale, scheduled to start on March 29, will mark the first phase of the DXC token sale.Starting at 12 pm UTC on March 29, D-Ecosystem will initiate Phase 1 of its IDO. The event will run until April 30, during which time DCX will be available at a price of $0.50 per coin. Phase 2 will begin on May 1 and will run until May 31, when the price of DCX will be $0.70. The minimum purchase is 100 DCX and the maximum is 5,000,000 DCX.To purchase DCX coins, users will be able to use wallets such as MetaMask, WalletConnect, or Coinbase wallet, and can participate through networks such as Ethereum, BSC, or Polygon using native tokens or USDT.Encouraged by the $6M it has raised to date, D-Ecosystem is on a mission to build products that will make the complete blockchain space more secure and private. With a focus on security, transparency, and decentralization, D-Ecosystem aims to transform the blockchain landscape.Zero security breaches, public records of transactions and user activity, and the distribution of decision-making power are among D-Ecosystem’s defining features. Products slated for development include the launch of D-Ecosystem's own launchpad.With its upcoming launchpad, D-Ecosystem will provide a valuable platform for new projects to launch their own coin and raise funds, furthering its commitment to fairness and inclusivity in the blockchain ecosystem. Its team is made up of experienced professionals with a wealth of knowledge and expertise in blockchain technology, giving D-Ecosystem a clear vision of what it wants to achieve.D-Ecosystem offers a range of innovative products and services designed to empower individuals and organizations in the digital age. Key offerings include:DCX coin: the primary medium of exchange on the platform. DCX will provide users with access to various services including decentralized finance (DeFi), decentralized storage, and decentralized marketplace servicesD-Chain: Native blockchain platform with zero gas fees, lightspeed transactions, and high privacy with a built-in proof of innocence protocol to prevent money laundering and crimeD-Wallet: a user-friendly wallet that allows individuals and organizations to securely store, send, and receive digital assetsD-NFT: NFT marketplaceD-Swap: A decentralized exchange (DEX) built on D-Chain with lottery and prediction game includedOther features under development include the D-Ecosystem Payment system (zero fees), the world's first cross-chain IDO Launchpad, DUSD stablecoin, D-Messenger, D-P2P, D-Space, and D-Meta.About D-EcosystemD-Ecosystem is a decentralized, open-source blockchain ecosystem including a public chain, own payments system, own DEX, wallet, NFT marketplace, and much more. It gives blockchain users the tools they need to transact securely and privately while accessing a range of powerful DeFi services.For more information, visit:Website | Twitter | Telegram | Telegram Announcements | Discord | Medium | Linkedin | YouTube | Facebook | [email protected]
2 days ago • cryptodaily
Construction Giant XCMG Chooses Conflux for NFTs and Future Global Blockchain Applications
Toronto, Canada, 27th March, 2023, ChainwireXCMG Construction Machinery Co., Ltd. (000425.SZ), the world's third largest construction machinery manufacturers, announced a partnership with Conflux, a leading public blockchain network, and Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company. The partnership aims to leverage blockchain and Web3 technologies to explore more international use cases.The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will leverage the strengths of all three companies to explore new scenarios for the application of blockchain and Web3 technology in the global market. By combining XCMG's extensive global network with Conflux's cutting-edge technology and Zen Spark's fintech expertise, the three companies aim to develop new use cases for blockchain and explore the potential of Web3.XCMG currently ranks third place in the world's top 50 construction equipment manufacturers, according to KHL Group's Yellow Table 2022 ranking. In the first half of 2022, despite obstacles, XCMG expanded to overseas markets and achieved export revenue of RMB 12.488 billion ($1.83 Billion), a year-on-year increase of 157.28%. As a world leader in the construction machinery industry, XCMG's vision is driven by long-term investment and high-level innovation in research and development into the technology surrounding its equipment."We are excited to partner with Conflux and Zen Spark to explore new opportunities in global markets," said XCMG's Vice President of Machinery and General Manager of Import and Export Company, Liu Jiansen. The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd is a significant milestone in the development of blockchain technology and its application in traditional industries. As the world becomes increasingly interconnected, the ability to leverage blockchain and Web3 technology to drive innovation and explore new business models is more important than ever."We are thrilled to partner with XCMG and Zen Spark to explore new opportunities in the global market," said Fan Long, Founder of Conflux. "With our cutting-edge blockchain technology, and the expertise of Zen Spark in fintech and blockchain, we are well-positioned to create new solutions and explore new use cases for blockchain and Web3 technology. This partnership is a testament to our shared commitment to innovation and our belief in the potential of blockchain to transform traditional industries.""Zen Spark is excited to be partnering with XCMG and Conflux on this initiative, and we are confident that our fintech and blockchain expertise will complement the strengths of our partners," said Grace, CEO of Zen Spark Technology Pte Ltd. "We look forward to exploring new opportunities in the global market and contributing to the development of innovative solutions that benefit businesses and consumers alike."At the CONEXPO-CON/AGG trade show in Las Vegas, XCMG announced their entry into Web3 by revealing Bored Ape Yacht Club NFT #3489 (BAYC #3489) as the brand's Metaverse Ambassador. Additionally, XCMG and Conflux plan to jointly issue their first NFT collection for overseas markets in the near future. As XCMG continues to explore new opportunities in the blockchain and web3 space, the company is excited to leverage its partnership with Conflux and Zen Spark Technology Pte Ltd and their expertise in distributed ledger technology and fintech to bring innovative solutions to the global market.The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will be closely watched by industry experts and investors, as the three companies explore new opportunities and drive innovation in the global market. With the power of blockchain and Web3 technology, the possibilities are endless, and the future looks bright for XCMG, Conflux, Zen Spark and the global community.About XCMGXCMG is the world's 3rd largest construction machinery company, holding the 65th position in China's Top 500 Companies, the 44th spot in China's Top 100 Manufacturing Enterprises, and ranking 2nd among China's Top 100 Machinery Manufacturers. Throughout its robust and steady growth in the global market, XCMG has systematically established a vast marketing network encompassing over 2,000 service terminals, more than 6,000 technical experts, and in excess of 5,000 marketing and sales service staff. This expansive network spans 183 countries and regions, enabling XCMG to consistently offer its worldwide clientele comprehensive, integrated, highly efficient, and convenient one-stop services, including pre-sales, sales, after-sales, and financing solutions.About Conflux NetworkConflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security. As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.About Zen SparkZen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company, is passionately committed to expanding the real-world applications of blockchain technology on a larger scale. Zen Spark Technology develops groundbreaking solutions that seamlessly integrate blockchain technology into real-world use cases. This includes areas such as supply chain management, digital identity verification, data security, and decentralized finance (DeFi), among others.ContactMelissa [email protected]
2 days ago • cryptodaily
OKX Launches Turkish Lira Deposits and Withdrawals
Victoria, Seychelles, 27th March, 2023, ChainwireOKX makes it more convenient than ever to directly deposit and withdraw Turkish Lira (TRY), streamlining the trading experience for Turkish usersFull features now live on Android, iOS and webOKX, the world’s second-largest crypto exchange by trading volume, today launched Turkish Lira (TRY) deposits and withdrawals on Android, iOS and web.The move comes as OKX deepens its focus on the fast-growing Turkish market and greatly expands its offerings for users around the world wanting to trade crypto with TRY.Haider Rafique, Chief Marketing Officer at OKX, said: “Our goal is to become the leading crypto platform in Türkiye. This starts with listening to the community about their needs and investing in the market. We want to give the Turkish community a platform to explore, experiment and dream up the future with us. Perhaps we will see the next big thing come out of Türkiye with the support from us and other crypto companies.”OKX recently announced its name sponsorship of Istanbul Fintech Week, taking place on 13-14 April, 2023. Tim Byun, OKX’s Global Government Relations Officer, will deliver a keynote at the event.Trust and transparency are paramount to OKX, which publishes its Proof of Reserves on a monthly basis and enables users to self-verify reserves and liabilities using open-source tools. OKX’s reserves have been evaluated by third-parties to be the largest 100% clean asset reserves of any major exchange.For more information on OKX, please visit OKX.com.About OKXOKX is the second-largest crypto exchange by trading volume and a leading Web3 ecosystem. It is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.Beyond OKX’s exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.To learn more about OKX, download our app or visit: okx.comThis announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific [email protected]