10 days ago • nulltx
VeThor (VTHO) Taking Volume from VeChain (VET) Following Coinbase Listing
The Coinbase listing of VeChain (VET) and VeThor (VTHO) has had a significant impact on both tokens, with VTHO seeing far more notable gains than VET. In the past day, VET is up 9.4%, while VTHO is up 73.9%. This has led to VTHO taking volume from VET, as investors are eager to buy into […]
11 days ago • cryptopotato
LeveX Unleashes Next-Gen Social Trading Features, Pioneering a Cohesive Crypto Trading Ecosystem
[PRESS RELEASE – Dubai, UAE, September 12th, 2023] Unveiling a new era in cryptocurrency trading, LeveX brings to the fore an unprecedented integration of social trading into its platform, fostering a vibrant and connected trading community. Beyond this landmark feature, LeveX also offers a plethora of innovations, enhancing the trading experience like never before. LeveX: […]
27 days ago • cryptodaily
Supra Introduces a Cross-chain Bridgeless Technology — HyperNova — that Enables Secure Blockchain Interoperability
Zug, Switzerland, August 28th, 2023, Chainwire
Supra, a leading blockchain organization that provides Oracle and Verifiable Random Function (VRF) services, today announced the creation of HyperNova, its new bridgeless technology that facilitates cross-chain communication directly via L1 consensus. This groundbreaking new methodology allows blockchains to connect interoperably without the need for a centralized bridge.
“HyperNova is a major breakthrough for the blockchain industry,” said Joshua Tobkin, CEO of Supra. “It eliminates the need for centralized bridges, which can be a single point of failure and a major vulnerability in Web3. HyperNova’s bridgeless technology makes blockchain connections more secure, reliable, and scalable via L1 to L1 cryptographic consensus.”
HyperNova bridgeless technology works by using Supra’s novel, low-latency, consensus algorithm, known as Moonshot Consensus, to understand the underlying cryptographic signatures of interacting chains. This allows Supra to provide a secure, reliable, and scalable cross-chain consensus that is strictly better than traditional bridge designs.
Benefits of Supra’s HyperNova Bridgeless Tech
Supra’s HyperNova offers a number of benefits over traditional centralized bridges, including:
Increased security: HyperNova eliminates the need for a centralized bridge, which can be a single point of failure. Instead, Supra directly verifies that cryptographic signatures of the source and destination chains, which provides L1 to L1 security guarantees.
Improved scalability: Bridgeless tech is more scalable than traditional centralized bridges. This is because Supra itself is a high-throughput IntraLayer that can handle many cross-chain consensus requests simultaneously.
Enhanced capabilities: Supra’s HyperNova multi-chain solution enables novel cross-chain use cases that are not possible in bilateral (one-to-one) solutions.
Use Cases for Supra’s HyperNova
Bridgeless tech can be used for a variety of use cases, including:
Cross-chain DeFi: HyperNova can be used to enable cross-chain DeFi, which allows users to transfer assets and interact with DeFi applications across different blockchains.
Cross-chain gaming: Bridgeless tech can be used to enable cross-chain gaming, which allows players to transfer their in-game assets or NFTs across different blockchain-based games.
Cross-chain oracles: HyperNova can be used to enable cross-chain oracles, which provide secure and reliable data feeds to DeFi applications across many ecosystems.
About Supra
Supra is building a low-latency interoperability infrastructure to provide Web3 capabilities that traditional blockchain designs lack. Supra, as a vertically integrated IntraLayer™, enables a shared security paradigm across a variety of oracle services. This includes securing external data on-chain, cross-chain consensus via their bridgeless HyperNova, automation, VRF, smart contract execution, and more.
After thousands of hours of R&D and simulations, Supra’s technical breakthroughs are solving the Oracle Dilemma and optimizing network performance across the board in terms of security, throughput, time to finality, composability, and programmability. Supra has taken an academic approach to development, which has been an integral part of the organization’s commitment to advancing Web3 performance and security. This is characterized by a commitment to deep research, transparency, and going through a rigorous peer-review process in every design and product released.
Dr. Aniket Kate, inventor of KZG Commitments utilized in Ethereum L2 Data Availability solutions, and the Supra team are diligently composing new whitepapers, so there are still many novel solutions in the pipeline soon to be publicized. To learn more about Supra and participate in their gamified learn-to-earn program, visit Countdown to Blastoff. Lastly, sign up for the whitelist for an opportunity to be notified in advance of any possible future token offerings and for more alpha.
Contact
Eli [email protected]
27 days ago • cryptopotato
Supra Introduces Cross-chain Bridgeless Technology – HyperNova – that Enables Secure Blockchain Interoperability
[PRESS RELEASE – Zug, Switzerland, August 28th, 2023] Supra, a leading blockchain organization that provides Oracle and Verifiable Random Function (VRF) services, today announced the creation of HyperNova, its new bridgeless technology that facilitates cross-chain communication directly via L1 consensus. This groundbreaking new methodology allows blockchains to connect interoperably without the need for a centralized […]
27 days ago • cryptodaily
HashKey Exchange Set to Launch Today Amidst High Anticipation
In a significant move for the crypto community, HashKey Exchange, Hong Kong's premier licensed retail cryptocurrency platform, is all set to make its grand debut today, 28 August.
Regulatory success
This groundbreaking development comes as the exchange has successfully navigated the regulatory landscape, securing its position under the watchful eyes of the Securities and Futures Commission of Hong Kong (SFC).
The real advantages for the HashKey Exchange is its collaboration with leading banks, and the granting of type 1 and type 7 licences, which will enable it to operate as a virtual asset trading platform, and be able to provide services to not only professional, but also retail investors.
To further enhance user engagement and foster a sense of community, HashKey Group has rolled out HashKey Ecological Points (HSK). These points serve as incentives, rewarding both users and partners within the HashKey ecosystem. From accessing unique features and enjoying transaction fee discounts to availing exclusive benefits on the HashKey platform, HSK points promise a plethora of advantages.
Promotional events
In celebration of its launch, HashKey Exchange is running an ongoing series of promotional events. New registrants during the event period will be greeted with a mystery box, which can be unlocked after completing identity verification. Moreover, professional clients who complete their verification within the event time frame stand a chance to bag a generous 500 HSK package.
But that's not all. HashKey Exchange is offering a zero trading fee policy for spot trading, ensuring all users can engage in transactions without any additional costs. For those interested in API trading, there's an enticing reward event on the horizon, with trading volumes and rankings determining the chance to win a huge 300,000 HSK grand prize.
As September rolls in, newcomers to the platform can look forward to a starter pack, allowing them to earn HSK rewards by completing beginner tasks. Additionally, a trading rewards bonanza is in the pipeline, where trades equivalent to $10,000 will fetch customers 10 HSK.
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.
30 days ago • cryptodaily
Binance Pay Launches in Brazil
Binance, the renowned global crypto exchange, has expanded its footprint by introducing its payment solution, Binance Pay, to the Brazilian market.
According to a press release from the firm, the project's launch aims to revolutionize how Brazil-based merchants process transactions by offering a viable crypto payment alternative.
The surge in the adoption of cryptocurrencies in Brazil has been notable, with a growing number of consumers and businesses exploring digital assets for both investments and everyday transactions. Recognizing this trend, Binance's strategic move is anticipated to further fuel the integration of cryptocurrencies into the country's mainstream commerce.
Brazil's Push for Crypto Adoption
Binance Pay promises merchants a plethora of advantages, most notably the benefit of low transaction fees. This feature can significantly enhance the profitability of businesses, especially those operating with thin margins. Additionally, the platform boasts real-time processing, which could drastically reduce the waiting times traditionally associated with financial transactions. This expedited processing can lead to swifter business operations and improved customer satisfaction.
While the global acceptance of cryptocurrencies is still a topic of debate, there's no denying their transformative potential in specific markets. Brazil, with its dynamic economy and tech-savvy population, appears to be a ripe environment for such innovations. The country has also passed its crypto bill sometime in late 2022, with the country's own CBDC (central bank digital currency) already a work in progress. Binance Pay's launch in Brazil not only underscores the company's commitment to global expansion but also reflects its belief in the long-term viability of cryptocurrencies as a standard payment medium.
Use and Integration
To use Binance Pay for purchases in Brazil, consumers follow a procedure akin to the fiat payment system, Pix. Merchants can incorporate Binance Pay into their payment process. Payments can be made via web checkout or the Binance App by scanning a QR code. At each transaction, customers choose which cryptocurrency in their wallet to use. Merchants interested in using the service can access Binance Pay directly.
With Binance Pay making its services available in Brazil, local merchants in the country now have access to an advanced payment solution that can potentially reshape the commercial landscape by enabling a crypto-based payment platform to connect with their customers and clients.
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.
31 day ago • cryptodaily
Equation Announces Its Pre-launch in September, ReDeFining Perpetual Trading with BRMM Mode
Equation, a pioneering decentralized perpetual protocol, is set to revolutionize perpetual trading with its groundbreaking BRMM model and commitment to fairness through a complete Fairlaunch approach.
Founded by experienced crypto trader 0xfermat, the project aims to redefine the trading experience by prioritizing user demands and delivering a seamless, transparent, and trustless environment. With its upcoming pre-launch in September, Equation is poised to offer traders and Liquidity Providers (LPs) up to 200x leverage, access to near-unlimited liquidity, and enhanced capital efficiency on the Arbitrum network.
Visionary Origins
Equation's journey began with its visionary founder, known as "0xfermat" across social networks. Previously, he served as an algorithm engineer at a prominent algorithm-driven company and later founded a financial technology company offering insurance actuarial and risk management solutions for banks and enterprises. Subsequently, he ventured into the world of cryptocurrency as a professional trader.
The impact of the FTX event on his life and finances led 0xfermat to make a crucial decision. He resolved to establish a fully decentralized on-chain protocol, aiming to combat the infringements on market and individual rights caused by centralized exchanges and "dictators". Undertaking the creation of Equation's underlying protocol single-handedly, 0xfermat has been instrumental in shaping the project's foundation.
With a strong belief in decentralization, anonymity, and open-source architecture, 0xfermat steered Equation towards becoming a community-driven initiative. Operating as a DAO, the team consists of skilled individuals with robust technical backgrounds and superior trading expertise. Embracing the decentralized ethos, Equation's team members maintain anonymity, ensuring a level playing field for all participants.
Fairlaunch Principle
Equation’s token emission will strictly adhere to Fairlaunch principle, eschewing institutional investors for mining-based token generation. This approach aligns with its commitment to fairness and equal opportunities for all participants. Token holders will not only have a voice in community governance but can also stake their tokens to earn a share of the protocol's fee distribution, fostering a sense of ownership and providing long-term incentives for engagement. This community-driven approach strengthen the protocol's foundation and ensure a fair and inclusive ecosystem for all.
Innovative BRMM Model
Equation has pioneered the Balance Rate Market Maker (BRMM), an innovative Automated Market Maker (AMM) model, especially tailored for the perpetual contract market. Thanks to BRMM, Equation can offer traders and liquidity providers (LPs) unprecedented leverage of up to 200x. Traders can access larger positions and near-unlimited liquidity. Simultaneously, LPs benefit from enhanced capital efficiency, creating a win-win situation for all participants.
Diverging from traditional spot market AMMs, BRMM adopts a unique mechanism centered around the balance rate of the liquidity pool, which results in more efficient price discovery and expanded market-making opportunities. In the BRMM model, liquidity providers (LPs) willingly accept the risk of temporary and manageable liquidity pool imbalances in exchange for the platform's generous fee income. This ingenious approach empowers LPs to participate in market-making flexibly, providing deeper capital pool depth and ensuring traders benefit from a more stable trading experience.
By introducing BRMM, the perpetual contract market has witnessed heightened liquidity and improved price discovery functionalities, all while safeguarding the interests of LPs. This novel AMM model is anticipated to accelerate the perpetual contract market's growth, ushering in greater innovations and opportunities within decentralized finance (DeFi).
Quote
"I launch Equation because I want to redefine perpetual trading by delivering a seamless, transparent, user-friendly trading experience, prioritizing user demands and streamlining a clear interface with minimal process. Equation is committed to providing a trustless transaction environment that enables users to achieve financial freedom." — 0xfermat, Founder of Equation
Closing
The upcoming pre-launch for Equation in September brings anticipation and excitement, as traders and LPs gear up to experience the next level of perpetual trading on the Arbitrum network. Join Equation on its journey to redefine the trading landscape and unlock new opportunities in the crypto space.
About Equation
Equation is a decentralized perpetual protocol built on Arbitrum. With its innovative BRMM model, Equation provides both traders and Liquidity Providers (LPs) with up to 200x leverage, enabling traders to access larger positions and near-unlimited liquidity while enhancing capital efficiency for LPs. Being one of the pioneering trader-oriented DeFi protocols, Equation stands as a testament to the power of community-driven innovation in shaping the future of decentralized finance. It prioritizes security and transparency, providing traders with a reliable and secure environment for perpetual trading participation.
Media Contact
Company: EquationDAO
Contact: Equation Media Team
Team Email: [email protected]
Website: https://www.equation.org/
Twitter: https://twitter.com/EquationDAO
Medium: https://medium.com/@EquationDAO
Discord:discord.gg/ywFrewsxBH
Telegram:https://t.me/EquationDao
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.
31 day ago • cryptodaily
API3 Launches Managed Data Feed Services on Polygon zkEVM
Blockchain oracle provider API3 has announced that it is launching a new data feed service suite for Polygon zkEVM, designed from a new push oracle solution that's centered around first-party architecture.
According to a press release shared to CryptoDaily by API3, the new solution allows DeFi protocols that currently use push oracles on other EVM (Ethereum Virtual Machine) chains to seamlessly migrate to Polygon zkEVM, hence functioning as both an onboarding and integration solution.
Polygon zkEVM, which has built its reputation around the utilization of zero-knowledge proofs and EVM equivalence, has taken a strategic step by incorporating managed decentralized data feeds (dAPIs) from the API3 Market. The rise of such a managed data feed service highlights the sustained DeFi appetite, a sector where the Total Value Locked (TVL) reportedly spans tens of billions.
The API3 Model
API3's model contrasts with traditional third-party oracle mechanisms, focusing instead on a first-party architecture. The novel approach of sourcing data directly and (in a manner that is) cryptographicallyy-backed pushes the boundaries of data transparency in the space.
API3's push oracle solution potentially offers remedies to such issues, advocating for a comprehensive, transparent, and possibly more efficient data sourcing model. The key differentiation (it appears) is with how API3 emphasizes first-party oracles, ensuring data is sourced directly, with increased traceability and data integrity.
With DeFi's dynamic evolution, the integration and management of oracle services via a DAO become increasingly relevant. Platforms like QuickSwap Perps, Dovish, and MantisSwap have pivoted to embrace dAPIs, signifying a recognition of the potential security and operational advantages these decentralized data feeds might bring. Tropykus, which has roots in AAVE V2, rapidly embraced dAPIs for its framework and subsequently debuted on Polygon zkEVM. Such an integration showcases the flexibility and potential benefits of dAPIs for emerging platforms.
Jack Melnick, Head of DeFi BD at Polygon Labs, provided insights on this alliance:
"It's very exciting to see API3 deploying on Polygon zkEVM, enhancing the DeFi ecosystem with an innovative push oracle solution. The integration of managed dAPIs with Polygon's scalable infrastructure marks a significant step towards a more transparent and secure future for decentralized finance."
API3's Market space also helps provide an avenue for developers to interact with dAPIs, a potential game-changer in how dApps leverage real-time market data. This collaboration might signal an industry shift, emphasizing more secure, transparent, and efficient data management methods.
Some Comparisons
In comparison to alternatives like Chainlink and Pyth, which have been noted for their relatively high fees and questions around transparency, API3’s dAPI stands out. It offers builders an opportunity to tap into decentralized data feeds from multiple sources, all facilitated by first-party oracle nodes integrated with native-chain aggregation. This not only positions API3 distinctly in the market but also sets a potential new standard for oracle transparency and efficiency.
This new Managed dAPI service addresses several operational challenges developers face, such as the complexities of gas management, rourtine maintenance, and continuous monitoring. The service is not just a conceptual offering; it's already in operation. Developers on the Polygon zkEVM platform, who previously relied on self-funded data feeds, can now seamlessly integrate aggregated data streams directly from other eminent data providers.
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.
32 days ago • cryptodaily
Binance Announces Helmet Design Contest in Partnership with Alpine F1 Driver Pierre Gasly
The winning helmet design will be showcased at the prestigious Abu Dhabi Grand Prix
Binance, the global blockchain ecosystem behind the world’s leading cryptocurrency exchange, today announced its partnership with BWT Alpine F1 Team driver Pierre Gasly. As part of this collaboration, Binance is launching a contest to design Gasly's helmet for the Abu Dhabi Grand Prix, taking place on November 26, 2023. The competition is open to all existing and new Binance users as well as F1 enthusiasts worldwide.
Participants are encouraged to “unleash their creativity” by submitting their helmet designs before September 8, 2023. The core of this contest is dedicated to creativity and excellence. Designs that reflect Binance’s values, resonate with its innovative ethos, and align with the campaign's objectives of fostering connections within the motorsport community, will play a crucial role in the selection process. A comprehensive list of requirements can be found in the Terms & Conditions of the contest.
Pierre Gasly said: "I am thrilled to join forces with Binance for this eclectic helmet design contest. It's an opportunity to engage with both the F1 and crypto communities in a creative and innovative way. I can't wait to show off the winning design that will showcase our shared innovative spirit that will accompany me in the race at the prestigious Abu Dhabi Grand Prix."
On September 15, 2023, Binance will announce the grand prize winner who will have the privilege of having their design chosen as the official helmet for Pierre Gasly during the Abu Dhabi Grand Prix. The winner will also be awarded a replica helmet personally signed by Pierre Gasly.
Binance announced a unique partnership with BWT Alpine F1 Team, the first Formula 1 team to join the Binance Fan Token Platform, in February 2022. As part of this partnership, the Alpine F1 Team Fan Token (ALPINE) was introduced as a BEP-20 utility token through Binance Launchpad. ALPINE is accessible to all Binance users and the Binance Fan Token community through various channels, including spot trading, bank card purchases, and peer-to-peer transactions., including spot trading, bank card purchases, and peer-to-peer
In addition to the partnership with the BWT Alpine F1 Team, Binance collaborates with world-leading athletes such as Cristiano Ronaldo and sports organizations such as Brazil's largest football league, Brasileirão Assaí; the prestigious Italian football club S.S. Lazio; Ukrainian football team FC Shakhtar, and others.
"Our strategic partnerships with Pierre Gasly and the BWT Alpine F1 Team reflect our commitment to bridging the gap between the cryptocurrency world and the sports industry to drive further adoption and innovation. By leveraging the power of our deep blockchain and Web3 expertise, we aim to create unique experiences and opportunities for fans to engage with their favorite sports teams and athletes in unique ways to not only educate people on the potential of Web3 but also entertain," said Rachel Conlan, VP of Global Marketing at Binance.
For more information and to participate in the contest, please visit https://www.binance.com/en/land/pierre-gasly-f1
About Binance
Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com. Disclaimer: Binance.com services are not available in the United States. U.S persons should sign-up with Binance.US.
Contact
Marina [email protected]
32 days ago • cryptodaily
Citibank report touts CBDCs but ignores control concerns
Citibank explores the potential of Central Bank Digital Currencies (CBDCs) to revamp securities settlements based on securities firms survey.
CBDCs are digital currencies backed by national central banks, and have caught Citibank's attention due to their promise for quicker and more efficient settlements for securities firms.
With securities transactions being a critical pillar of the global financial system, any improvement in settlement speed can have profound implications. CBDCs can potentially minimise delays, reduce costs, and mitigate the risks associated with traditional settlement methods.
Citibank recognises the potential of CBDCs to transform not just securities but other facets of banking as well. Its move resonates with a broader trend where financial institutions globally are turning their attention to digital currencies, particularly CBDCs, to streamline operations and enhance customer experiences.
However, while the prospects of CBDCs are promising, their full-scale implementation in securities settlements demands meticulous planning. Ensuring interoperability with existing systems, regulatory harmony, and the technological infrastructure to support vast transaction volumes are some areas that require thorough attention.
Opinion
The Citibank survey highlights some of the perceived advantages of a central bank being able to wield its own central bank digital currency (CBDC). Of course, what wouldn’t be a quicker settlement process than what already exists?
The survey findings point to institutions turning to CBDCs as well as other digital currencies in order to improve their overall capabilities. However, the key with alternative digital currencies will be whether institutions will be allowed a choice.
Global financial bodies and regulatory agencies are at last acknowledging the innovations brought to finance by cryptocurrencies, but this is always overshadowed by their perceived ‘risks’ to the financial and banking system.
It needs to be made very clear. The only chance for the existing system, at least as far as governments and central banks are concerned, is a widespread implementation of CBDCs. Only with this kind of control will central banks be able to impose any kind of financial stricture they desire upon the citizenry.
The total control this would bestow to a central bank would allow it to ‘switch off’ from the system any individuals who do not follow the bank’s rules.
Many who might see this would perhaps think that this is a fantastical and dystopian future that can only be read about in science fiction books. Nevertheless, it can be seen that China has a social credit system already in place that allows the government to blacklist and punish individuals who do not toe the line.
Given the unbelievably disastrous state of all fiat-based economies across the world, total control of finances by governments and their central banks must be put in place to extract the last wealth of the people in order to prolong the fiat monetary system.
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.
34 days ago • cryptodaily
Bitcoin’s Own NFTs; How Ordinals are Turning Crypto Upside Down
One of the most oft-cited motivations behind the creation of Ethereum was the desire to introduce programmatic functions that weren’t possible on Bitcoin. In simple language, Vitalik Buterin and his fellow co-founders of Ethereum wanted the blockchain to be able to do things other than just send payments, which was Bitcoin’s primary and only use-case at the time.
Fast forward eight years, and now Bitcoin is able to do all kinds of things that it couldn’t before. Some projects have made Bitcoin compatible with smart contracts, enabling it to be used with the plethora of dApps in the decentralized finance (DeFi) space, and even allowing NFTs known as ‘Ordinals’ to be created on Bitcoin for the first time.
Enter Ordinals - Bitcoin’s Own NFTs
The success of Ordinals - which inscribe immutable data, such as texts, images and audio - onto a satoshi (the smallest unit of BTC) has been immense. Upon launch they clogged up the Bitcoin blockchain, causing exchanges such as Binance to temporarily halt withdrawals and bringing the Bitcoin network to a grinding halt.
The impact of Ordinals was also felt off the blockchain. The idea of using the Bitcoin blockchain to create what is essentially an NFT (Ordinals share the same characteristics of immutability and non-fungibility) caused a rift between developers in the Bitcoin space. Bitcoin was supposed to be a payment network, said one faction. While others lauded this newfound ability to have the same kind of functionality, customization options, and value creation that they’d seen in the Ethereum ecosystem for years.
While developers continue to debate the merits of Ordinals, users in the crypto space have apparently embraced them with open arms. Bitcoin Ordinals trading volume rose by an astonishing 2,834% leading into Q2 of 2023, climbing to $210.7 million. More than half a million trades were executed by over 150,000 unique traders, according to the latestdata by DappRadar.
Overtaking Ethereum
That flurry of activity led to Ordinals overtaking Ethereum NFTs in terms of trade volume. The top two NFT collections with the highest sales are Bitcoin Ordinals, according to data from CryptoSlam. Their combined sales of $27.2 million in the past 24 hours completely dwarf the nearest Ethereum NFT in third place, which recorded just $1.59 million worth of sales.
Some have suggested that Bitcoin is currently in the process of flipping Ethereum when it comes to being the main home of NFTs in the crypto space based on the numbers above. However, the true impact of Ordinals on Bitcoin is much more far-reaching.
As the author of the Ethereum white-paper, Vitalik Buterin, stated in regard to the Ordinals debate: “Ordinals are starting to bring back a culture of actually doing things. It feels like there's real pushback to the laser-eye movement, which is good.”
The laser-eye movement refers to those who view Bitcoin purely as a payment system, and base their hopes of future profits on its adoption as a global payment rail. One of the main gripes many ‘laser-eye’ loyalists have had with Ordinals is their tendency to take up space on the Bitcoin blockchain that could have been used for payments.
Building an Ecosystem Around Ordinals
But the spirit of innovation fostered by the creation of Ordinals hasn’t stopped. Several ventures are under way that aim to refine the Ordinals landscape. One group of developers are trying to introduce a new BTC token standard - BRC-69 - aims to radically reduce the cost of minting and sending Ordinals, moving Ordinals away from the current BRC-20 standard on which they are based.
Others are attempting to build a community mentality around the newfound Bitcoin NFTs, and kickstart an ecosystem of development that can put Bitcoin on a level with Ethereum in regards to its decentralized finance capabilities.
A collection of some of the smartest minds in the blockchain space have come together to form The Ordinal Council, a group of builders, developers and executives who share the common goal of building out the Bitcoin ecosystem around Ordinals.
The Ordinal Council is in the process of launching the first Bitcoin DAO to support grassroots talent and builders around Ordinals and BRC-20, and will form a Bitcoin incubator to help develop a raft of innovative use-cases on Bitcoin, such as gaming, metaverse, GameFi and DeFi projects — few of which have been possible on Bitcoin until now.
The Council is set to unveil the first launchpad on Bitcoin - ToshiPad - in the next few weeks, and is in the process of executing its ‘Yellow Collection’ PFP drop, which aims to bring more users into what is already a burgeoning BRC-20 ecosystem.
After years of inactivity, all it took was one little satoshi with something inscribed on it to kickstart a maelstrom of innovation and development on Bitcoin, and it’s turning the crypto space upside down.
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
34 days ago • cryptodaily
Lady Pepe (LPEPE) Is Now Available for Trading on LBank Exchange
Road Town, BVI, August 21st, 2023, Chainwire
LBank Exchange, a global digital asset trading platform, listed Lady Pepe (LPEPE) on August 18, 2023. For all users of LBank Exchange, the LPEPE/USDT trading pair is now officially available for trading.
LPEPE is a meme coin devoid of any intrinsic value or prospects for financial gain, serving purely as a pointless and entertaining digital asset.
Introducing Lady Pepe
LBank Exchange is thrilled to announce the listing of Lady Pepe (LPEPE), a meme coin devoid of any intrinsic value or prospects for financial gain, serving purely as a pointless and entertaining digital asset.
Lady Pepe, often symbolized as LPEPE, has swiftly captured the admiration of a passionate and engaged community. The character of Lady Pepe exudes a need for attention and affection, fostering a unique bond between the digital token and its enthusiasts. The project centers around the release of distinct card packs, which enthusiasts can collect, enhancing the interactive dimension of the Lady Pepe experience. Notably, the diverse and enthusiastic community eagerly anticipates the integration of new members into the ever-evolving Lady Pepe narrative.
The journey of Lady Pepe is delineated through a well-defined roadmap spanning three pivotal phases. In the initial phase, the emphasis is on constructing a robust foundation, commencing with the creation of the project's smart contract. This phase extends to crafting an intuitive and informative website that serves as a hub for enthusiasts to gather and engage. The establishment of a strong community forms a cornerstone of this phase, exemplified by the envisioned LPEPE Airdrop Event, designed to enhance user participation and foster a sense of ownership.
Transitioning to the second phase, the focus gracefully shifts towards expanding the reach of Lady Pepe. A key milestone within this phase involves securing a listing for the LPEPE coin on a prominent cryptocurrency exchange (CEX). This strategic move is poised to widen the project's visibility, making it more accessible to potential holders and users. Simultaneously, efforts will be invested in attracting and retaining LEPE holders, nurturing a loyal base of supporters. Telegram marketing campaigns will play an integral role in disseminating the project's ethos and value proposition.
The crescendo of the roadmap culminates in Phase 3, characterized by a fervent celebration of community engagement. An array of Lady Pepe-focused events will invigorate the project's ecosystem, fostering camaraderie among participants. The ambitious goal of attaining 5,000 holders and an equivalent number of Telegram members signifies a collective aspiration to create a robust and thriving community.
Lady PEPE emerges as more than a digital token; it's a testament to the power of shared narratives and the allure of community-driven endeavors. As the project advances through its roadmap, the fervor of the community and its penchant for storytelling propel Lady PEPE's evolution into a distinctive and endearing digital experience.
About LPEPE Token
Based on BEP20, LPEPE has a total supply of 9 billion (i.e. 9,000,000,000). It was listed on LBank Exchange at 7:00 UTC on August 18, 2023, investors who are interested in LPEPE can easily buy and sell it on LBank Exchange now.
Learn More about LPEPE Token: Official Website | Twitter | Telegram | Contract
About LBank
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.
Start Trading Now: lbank.com
Community & Social Media:Telegram lTwitter lFacebook lLinkedIn lInstagram lYouTube
Press contact:
[email protected]