Can Crypto Coins Such As Persystic Token And Ethereum Help Revive The Bear Market?
This summer has been a difficult time for the crypto market. Crypto users would have seen the rapid decline in prominent cryptocurrencies such as Bitcoin (BTC), Solana (SOL) and Terra (LUNA) - a daunting time for buyers.
Despite the bearish market, the enthusiasm and interest in cryptocurrencies have maintained and with the decline of upper-echelon cryptocurrencies, users would be looking to purchase cryptocurrencies that have lower risk factors.
Persystic (PSYS) is an upcoming blockchain network that is built on the Binance Smart Chain - a reputable decentralised ecosystem. Along with this newcomer to the market comes Ethereum (ETH), the second most successful blockchain network in the crypto realm.
This editorial will explore if both Persystic (PSYS) and Ethereum (ETH) can contribute to the revival of the crypto market.
The Social Network Token - Persystic Token (PSYS)
As previously mentioned, Persystic (PSYS) is based on the Binance Smart Chain - an open source and decentralised ecosystem. It is best described as a tokenized mixed social network that enables individuals to interact with each other while giving them the ability to form communities based on democratic principles.
Persystic aims to solve the issues that traditional social media networks face such as poor monetisation, government censorship, security and fake content. PSYS permits the creators to take ownership of their work, where they can decide to store or delete their content when they please.
Additionally, the Persystic project wants to enable peer-to-peer (P2P) sharing of content by using decentralised nodes. Users are also able to tip other creators, purchase content and perform other transactions within the network.
The past decade has seen prominent social media platforms such as Twitter, Instagram and Facebook transcend outside of the entertainment sphere and have instead become an integral part of a daily routine for many active internet users. By targeting a market which has an approximate revenue of $42.39 billion in 2022, Persystic are capitalising on creating an innovative platform that aims to enhance the social media experience. It is currently in its presale stage, so if you are a buyer looking for a crypto coin that is low risk, then PSYS is a viable option.
The Smart Contracts Pioneer - Ethereum (ETH)
Ethereum (ETH) is primarily known for being the second most successful cryptocurrency behind Bitcoin. It quickly rose in popularity due to pioneering the smart contract mechanism - computer programs that automatically execute the necessary actions to fulfil an agreement between parties online.
Smart contracts were designed to eliminate the need for an intermediary’s involvement between contractors, reducing transaction costs while also increasing transaction reliability. intermediary for contractors, reducing the transaction costs while also increasing reliability.
The year of 2022 has seen Ethereum mention its plan to move from a proof-of-work consensus to a proof-of-stake algorithm, to improve scalability and sustainability.
This transition will be known as Ethereum 2.0 and is scheduled to come to fruition in August 2022. Ethereum has continued to advance with the power of blockchain technology, which has made it one of the most dominant cryptocurrencies on the market. Its large ecosystem and consistent development is what users can have trust in when purchasing the ETH coin.
If you would like to read more on the Persystic Token (PSYS) Article, Read Here: What Is The Persystic Token?
What to find out more about Persystic (PSYS):
Presale: http://join.persystic.io/
Website: http://persystic.io/
Telegram: https://t.me/PersysticTokenOfficial
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
Rewards Associated With FreeWoly Exceeds The Benefits Of Solana And Cardano
Cryptocurrency projects stimulate users' prowess through features such as staking and gaming. The new proof-of-stake (PoS) protocols and Decentralised Finance (DeFi) platforms allow participants to earn passive income with their digital assets.
Moreover, traders now find engaging in the traditional games and their centralised online system uneconomical. New crypto projects such as FreeWoly (FWOLY) offer ways to explore the gaming world and earn money using blockchain technology.
What Is FreeWoly (FWO) About?
FreeWoly (FWOLY) is an exciting meme coin project with realistic gaming features and fascinating earning opportunities. Its designs are interactive, exciting, and seamless when processing earnings. The FreeWoly ecosystem is supported by the FWOLY coin and uses Augmented Reality (AR) technology.
Like FarmVille, FreeWoly is a game that revolves around farming operations. It allows players to assume the role of a cyber animal who caters to the farm's operations. To get FWOLY coins, players must navigate the outside world and manage the farm.
The augmented reality technology provides token holders a balanced environment that merges physical and virtual worlds. The FWOLY coins show a lot of outstanding market potential. Speculations reveal that the market value of AR games will grow at a CAGR of $21.98; by 2028, its price will hit over the $30 billion mark.
Augmented reality systems' effect on games like Pokémon Go and its success is convincing conditions to accept the FreeWoly predictions. With this system, Pokémon Go generated over $580 million in its first year, with annual revenue of $917 million since its release in 2016.
In addition, FreeWoly animals are mintable NFTs (non-fungible tokens) that offer fantastic trading opportunities for all holders in the ecosystem. Another profitable option in the game is the exchange of farms to get the FWOLY tokens.
How Is The FreeWoly (FWOLY) Ecosystem Superior to Solana (SOL)?
Solana (SOL) is a high-performance crypto project that supports smart contracts and accepts a wide range of decentralised applications (dApps). It operates on the proof-of-stake consensus mechanism, and it carries out effectively timed transactions. However, although SOL is interoperable and extremely fast, its use in the gaming sector is imprudent.
Solana’s network comprises a complicated distribution and emission schedule, making it unsuitable for new gamers. Moreover, Solana’s supply circulation is often disrupted by the distribution model.
On the other hand, the FreeWoly network offers an ecosystem with simple navigations and readable sections. Players can easily understand its gameplay, win FWO coins, and trade with them in the gaming community.
The Edge Of The FreeWoly (FWOLY) Over Cardano (ADA)
Investing in Cardano (ADA) offers people several staking and trading benefits. First, it is a decentralised blockchain platform that operates smart contracts and proof-of-stake algorithms. Of course, the implementation of Cardano provides a reliable blockchain system, but its reliance on the ADA connection is discouraging.
Numerous people believe that the increase in its price and the optimistic speculations are because ADA tokens are staked. Therefore, the price increase is due to high demand and low supply, not because of good prospects.
However, FreeWoly has a token collection of nine hundred million with a listing price of $0.05, making investment affordable and beneficial. Furthermore, players of FreeWoly can earn a substantial amount of FWO coins and have fun with the creative and innovative metaverse game.
Final Thoughts
FreeWoly is a platform where users or gamers enjoy immersive and innovative game features. This play-to-earn (P2E) game allows people to win the FWOLY tokens easily, utilise NFTs and make profitable exchanges.
Although Solana (SOL) and Cardano (ADA) are creditable decentralised blockchain platforms with quick transactions, the FWO coins show a significant gaming edge. Therefore, users of the FreeWoly community will enjoy unmatched seamless navigation and a profitable gaming experience.
For more information, visit:
FreeWoly (FWO)
Presale: https://farm.freewoly.io
Website: http://freewoly.io/
Telegram: https://t.me/FreeWolyOfficial
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
Fracture Labs Launches DIO Staking Pool
Fracture Labs, a blockchain-based videogame company, has announced new developments following a successful $4.3 million funding round last November that saw support from companies such as Alameda Research, Mechanism Capital, VLaunch, Spartan, Gains Associates, Interstellar Ventures, Master Ventures, Huobi Ventures, Polygon, Spark Digital Capital, Metavest Capital, Titans Ventures, Germ Capital, FA Forward Analytics, and many more.
The company is focused on creating multiplayer games that are compatible with PC, console and mobile. Its most prominent project thus far has been the popular ‘Decimated’ game, which is being designed with a web3 layer using Solana.
The game, which is set in a post-apocalyptic world that has fallen to ruin due to an environmental crisis, is a 3rd person RPG metaverse with cyberpunk inspiration. Players can choose either PvP or PvE mode and have to salvage resources, battle against authoritarian police and survive the hellscape that Earth has become.
With these universally-loved themes and amazing in-game visuals, Decimated has proven to be popular with fans and critics alike. Famously, Decimated won the Best Blockchain Game award at the Crypto Games Conference in 2019, and more awards in recent years. It’s trailer was featured on the IGN YouTube channel, which is one of the most influential in the gaming sector. Within a few days, it had racked up over 80,000 views on the IGN channel and over 85,000 on the main Fracture Labs channel, bringing its total view count to over 165,000 views
With this latest funding round, even more development can be made to the game, with the Fracture Labs team revealing that it will be leveraging UnrealEngine 5 for this. This comes just after Decimated received the EpicMegaGrant from Unreal Engine to further its efforts.
On the team end, Fracture Labs announced an expansion, with its team growing to over 47 members. This team is at the helm of the Decimated community, which is over 140,000 followers strong and more than 20,000 in their discord community.
DIO, the native token of the Decimated universe, has also seen significant progress recently. It is already listed on several exchanges such as Raydium, Gate.io or Huobi but has even more listings on the way. The DIO staking pool went live on 27th July 2022 following the claim portal launch. This portal is the vesting portal specifically created for Vlaunch winners and investors and is where they can manually claim their DIO tokens.
The NFT Marketplace is due to launch in the run-up to the game launch, which will include in-game vehicles, weapons, apartments, and shops that players can leverage within the game. In the future, Decimated will be opening as a platform for user-generated content, giving content creators and modders the ability to sell their own vehicles, weapons, apartment and character customizations as NFTs.
Conclusions
If you are interested and want to jump in early, you can:
Buy DIO on Raydium, Gate.io, Huobi or Coinmarketcap exchanges
Join their engaged discord community.
Start following the content on their social media.
Wait for the official launch.
About Fracture Labs
Fracture Labs is a blockchain-focused videogame company that is dedicated to creating multiplayer games for a number of different mediums. The team behind Fracture Labs has been involved in the production of many top games including Playerunknowns Battlegrounds, Cyberpunk 2077, Injustice 2, Sniper 3 Ghost Warrior, Star Citizen, Batman Arkham Origins, Evolve, and many others.
Media Contact:
Name: CEO Stephen ArnoldEmail: [email protected]: EstoniaWebsite: www.decimated.net
Twitter:twitter.com/decimated_game
Discord: Decimated Official (discord.com)
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
Mark Cuban Sued for Promoting Voyager Crypto Products
Billionaire entrepreneur Mark Cuban is facing a class action lawsuit for his role in promoting Voyager Digital’s cryptocurrency products. The suit alleges that Cuban misrepresented the crypto offering and services by Voyager and used his experience to lure customers into investing in the brokerage firm.
The Moskowitz Law Firm has filed a civil lawsuit in the U.S. District Court in Southern Florida against the billionaire for promoting the firm’s unregulated crypto products. The lawsuit is also filed against Voyager Digital CEO Steven Ehrlich. There are 12 lead plaintiffs in the case “Mark Cassidy v. Voyager Digital Ltd., et al.” filed in December 2021, and they claim that Voyager was “a massive Ponzi scheme” and Cuban “dupped millions of American into investing.” The plaintiffs also allege that:
Cuban and Ehrlich, went to great lengths to use their experience as investors to dupe millions of Americans into investing — in many cases, their life savings — into the Deceptive Voyager Platform and purchasing Voyager Earn Program Accounts (‘EPAs’), which are unregistered securities.
The lawsuit adds:
As a result, over 3.5 million Americans have now all but lost over 5 billion dollars in cryptocurrency assets. This action seeks to hold Ehrlich, Cuban, and his Dallas Mavericks responsible for paying them back.
Cuban allegedly went on record calling the Voyager platform “as close to risk-free as you’re gonna get in crypto.” The lawsuit further states that:
Voyager Platform relied on Cuban’s and the Dallas Maverick’s vocal support and Cuban’s monetary investment in order to continue to sustain itself until its implosion and Voyager’s subsequent bankruptcy.
Voyager halted trading activity and withdrawals early in July and then filed for Chapter 11 bankruptcy later that month. The crypto lending firm was one of many lenders to Three Arrows Capital. As it stands, over 3.5 million American customers have almost 5 billion dollars in crypto assets on the platform.
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.
4 Things You Must Know Before Getting Into Crypto
Long–term investing should be the goal
While many individuals online will try to convince you otherwise, cryptocurrencies are not a way to become rich quickly. Don’t get distracted from your long-term goals, as short-term gains are less likely and present unbelievably high risks.
This isn’t to say that you cannot make money in a relatively short amount of time or that there haven’t been lucky crypto millionaires that profited from their investments considerably quickly. However, most serious, experienced crypto enthusiasts are focusing on using cryptocurrencies to build their long-term wealth. Once you are focused on the long-term gains, you are less likely to give into the market fear and make wrong decisions.
Expect extreme market volatility
The volatility of the crypto market is simply unavoidable, and the best way to deal with it is to focus on the long-term outlook. There have been several crypto crashes that scared many investors, and there likely will be many more crypto winters to come. Nonetheless, if you are investing to achieve long-term returns, surviving crypto market downturns is just a part of the process.
Without real-world utility, is there a point?
With tens of thousands of cryptocurrencies in the industry, it can be difficult to find the best opportunities for returns. Crypto experts advise that to find a worthy investment, you must ensure that it has real-world use cases.
Although the future success of any cryptocurrencies is relatively speculative, the ones that have the highest chances of survival are usually the ones with the most applications in the real world. While it cannot guarantee that the use cases will help the cryptocurrency thrive and compete in the market, it is more likely that it carries value, which will prove its worth over time.
The market downturn will pass
Market downturns may be frightening, and it may be appealing to postpone investing until prices have recovered. However, market downturns might be one of the finest times to invest.
Investing in cryptocurrency isn't always straightforward, especially during volatile moments. However, the appropriate strategy can preserve your money to the greatest extent feasible, irrespective of what the future holds.
Bonus: Bitcoin is not the only choice
While Bitcoin (BTC) is the king of crypto and the most obvious choice for many crypto newbies, it might be wise to look out for new crypto projects that can be riskier yet bring greater rewards in the long run.
One of the up-and-coming cryptocurrencies joining the crypto world is PrivaCrip (PRCR). It aims to become one of the most secure crypto platforms, focusing on users’ right to privacy. PrivaCrip’s multi-faceted protection-powered blockchain will provide the decentralised finance (DeFi) sector with advanced solutions.
To learn more about PrivaCrip project and its roadmap, check out this article.
PrivaCrip (PRCR)
Presale: http://join.privacrip.io/
Website: http://privacrip.io/
Telegram: https://t.me/PrivaCripOfficial
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
Crypto Weekly Roundup: BlackRock Launches Bitcoin Trust, Eth’s Goerli Testnet Live, Curve Hack, And More
The week has been momentous as Ethereum finally completed its final testnet before going live with the PoS system on its mainnet. The developer team has also set a soft launch date for the mainnet merge. Therefore we might be getting the upgrade sooner than expected. Let’s dig deeper.
Bitcoin
The investment management company, BlackRock, has launched a private trust, which will be its first product offering direct Bitcoin exposure.
President Nayib Bukele has been gushing about the positive effects of El Salvador’s Bitcoin policies on its tourism industry.
Ethereum
Ethereum has completed the final scheduled test before The Merge, moving it closer to adopting the Proof-of-Stake model.
Ethereum developers have agreed to a tentative date for the mainnet merge, which could be sooner than expected.
DeFi
Curve Finance reported that an exploit on the site’s nameserver and front end resulted in a loss of over $573,000.
The co-founder of MakerDAO has expressed that he plans to sell $3.5 billion worth of USDC for ETH, which puts the DAI token at the risk of losing its dollar peg.
Altcoins
Crypto solutions company Ripple has just published a new report on crypto trends in business, highlighting the blockchain-driven Internet of Value.
Technology
According to a report, up to a third of stolen crypto funds (over $50 million) are being used to fund the North Korean missile program.
Days after the U.S. government announced sanctions against crypto mixing platform Tornado Cash, Ethereum co-founder Vitalik Buterin defended the platform's use case for legitimate contexts.
Business
The parent company behind the Ripple network has expressed interest in purchasing assets belonging to the bankrupt Celsius Network.
Reddit has partnered with FTX to enhance the user experience on the Community Points project for over 400 million monthly active users.
Hodlnaut has become the latest crypto lending platform to halt withdrawals, token swaps, and deposits, citing difficult market conditions.
Regulation
Newsletter and email marketing firm Mailchimp has suspended the accounts of several crypto platforms this week.
An anonymous user has been sending small amounts of Ethereum via Tornado Cash to hundreds of public wallets in the U.S., including popular celebrities.
Crypto.com has secured access to the South Korean crypto market after acquiring two local companies providing it with EFTA and VASP registration in the country.
NFT
After welcoming USDT into its fold, the blazing fast, energy-friendly Tezos blockchain network is enjoying rapid traction in both the NFT and the DeFi spaces.
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.
Brazilian Payment App PicPay Launched Crypto Exchange in Collaboration with Paxos
PicPay, a Brazilian-based payment and wallet app is now providing crypto services to more than 30 million active users in the country. The company announced that it was planning to roll out this service last month and now allows its customers to buy, hold and sell digital assets from its platform. PicPay will offer these services in partnership with Paxos.
The Brazil-based payment app announced that it now allows users to purchase, sell and hold cryptocurrencies on its platform. PicPay launched its cryptocurrency exchange service, and in its first iteration will be supporting the trading of Ethereum and Bitcoin as well as the dollar-backed stablecoin USDP. The company has said that it plans to list more than 100 cryptocurrencies. The exchange is operated with the help of Paxos, a blockchain infrastructure company and issuer of stablecoin USDP. Paxos is regulated by the New York Department of Financial Services and will manage trading and custody of assets for PicPay.
Paxos is one of the market’s biggest crypto exchanges and has a reputation for partnering with some of the world’s most famous traditional financial firms such as Venmo and PayPal.
Bruno Gregory, head of cryptocurrencies at PicPay said,
Our goal is to lead the growth of the crypto market, by eliminating the complexity that is still associated with it and expanding information on the technology, so that everyone can take advantage of this asset class and technology.
PicPay Looks For Domination in the Market
Wanting to go over and beyond for its user base, PicPay is looking to offer average Brazilians crypto investments. The firm is also looking at a service that will allow crypto users to make payments directly with cryptocurrencies, removing the hassle of having to exchange assets for fiat currency first. In a similar vein, the system will liquidate cryptocurrencies for merchants receiving cryptos thereby protecting them from market volatility and allowing them to store stable assets. PicPay has said that it plans to launch its own Brazilian real-pegged stablecoin.
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.
Crypto Enthusiasts Predict Zompot, Shiba Inu, and Zilliqa are poised for a crypto rally in the future
Today, cryptocurrencies are the envy of every investor in the global financial services sector. Their popularity is in stark contrast to the caution that people observed while approaching these blockchain-based assets until a few years ago.
As factors like advancements in blockchain technology, regulatory support, and the digital push in the wake of the pandemic bolstered their grip on the market, cryptocurrencies left seasoned investors impressed with promising returns.
If you are searching for assets that can fetch decent returns even when you see crypto prices going down, you should start by researching some of the leading names like Zompot(ZPOT), Shiba Inu (SHIB), and Zilliqa (ZIL).
Zompot (ZPOT) Is Tackling Blockchain Security
Launched in 2022, the decentralised cryptocurrency is built on Binance Smart Chain and caters to a multitude of financial purposes like swapping and trading.
Zompot has its own native token called ZPOT that can be used for various transactional purposes like staking, liquidity pool provisioning, and yield farming Interested buyers can purchase it on presale.
Given the popularity of metaverse solutions, the creators of Zompot designed it as a futuristic digital asset which will be available for trading in metaverse too. Over time, the ZPOT Token can be instrumental in addressing the problem of monetary shortage in the virtual economy.
Users within the zompot platform would be able to trade and generate wealth by trading metaverse-compatible cryptocurrencies.
As far as security is concerned, Zompot has all corners covered. With a host of robust security and privacy features, Zompot is striving to solve privacy and security challenges that often riddle cryptocurrency platforms.
Even as transactions are conducted between pseudonyms in the case of most cryptocurrencies, the information stored on a public ledger may be misused by malicious actors.
To ramp up security by tackling the problem, Zompot unlinks transactions from the origin of the payment point via the decentralised anonymous payment (DAP) schemes. Under the DAP schemes, users get to pay other users either directly or privately while hiding the payment amount, selected destination, and the point of origin.
The ZPOT token has a total supply of 500,000,000 units and is built on a niche model that curbs inflationary tendencies while keeping price fluctuations to the minimum.
The token supply has been distributed under different heads to ensure that the platform's development can continue while ensuring ample liquidity during various phases of Zompot'sgrowth.
For instance, 5% of the token supply is reserved for its legal development and 10% of the supply has been set aside for marketing activities. Another 35% of the collective token supply has been allocated for public sales and an extra 15% for private sales.
Shiba Inu (SHIB) Is Demonstrating Success With Meme Coins
Shiba Inu is among the earliest meme currencies to have made a splash in the world. Like most meme coins, Shiba Inu was also inspired by a meme that was developed in jest.
By tokenising its value, Shiba Inu's creators were able to create a formidable meme coin that has patrons spread across the world.
It has its own native token SHIB that can be used for transactional purposes like staking, liquidity provisioning, yield farming, and token swapping, among others.
The token can be bought and sold at ShibaSwap. It can also be found on Uniswap and the list of exclusive cryptocurrency centralised exchanges.
Zilliqa (ZIL) Is Building High-Performance dApps
Zilliqa is a one-stop-shop for the various tools that developers need for building powerful and highly scalable dApps.
The blockchain-powered system has its own native token ZIL that can be used for a range of transactional obligations that one may encounter on the platform.
With its niche system of smart contracts that offers unmatched levels of privacy and security, the platform pulls out all stops to protect investor interests.
If you are looking forward to adding a token to your crypto wallet or portfolio during this crypto winter, SHIB and ZIL might be a good option. Nevertheless, cryptocurrency ethicists predict that ZPOT will ascend to the top once it launches in the market.
Join Zompot Token (ZPOT)’s Presale:
Presale: http://rise.zompot.com/
Website: http://zompot.com/
Telegram: https://t.me/ZompotTokenOfficial
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