Hacken(HKN)

A cryptocurrency rug pull is one of the simplest scams to prevent, according to the blockchain security auditor Hacken.

Zug, Switzerland, August 4th, 2023, ChainwireD8X's pre-seed round features Polygon Ventures, Axelar Network, Swissborg Ventures and othersD8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and other notable investors. The capital will help D8X launch a decentralized derivatives trading platform in the second half of 2023 that provides a white-labeling solution to trading partners seeking access to powerful derivatives products.The pre-seed round for D8X includes additional participation from Axelar Network, Swissborg Ventures, Cogitent Ventures, Veris Ventures, G1 Ventures, Pragma Ventures, CryptoDiscover and others.“DeFi is reshaping the future of finance. Projects like D8X are building the infrastructure that will help legacy finance to leap into web3,” said Polygon Co-Founder Sandeep Nailwal.Bridging CeFi to DeFiD8X's founders bet on centralized players wanting to offer decentralized crypto derivatives to their clients without having to hire experts to develop in-house market-making and trading engines. D8X provides a white-label solution to partners who act as brokers and earn fees by running their own front ends powered by the D8X trade engine and shared liquidity.Financial Engineering On ChainD8X’s sophisticated on-chain solutions curb costs and offer products that are competitive with centralized exchanges, such as cost-efficient hedging, a prerequisite for building a highly functional derivative trading space. Contract trading allows other DeFi protocols to efficiently hedge on-chain. Their perpetuals can be calibrated for a wide range of assets and support—as a first in DeFi—linear, inverse and quanto perpetuals. At launch, a liquidity pool in Lido's staked ETH (stETH) will enable liquidity providers to earn the Lido yield while simultaneously participating in the DEX’s earnings.D8X is the first business-to-business (B2B) DEX built on Polygon’s zkEVM, harnessing the power of zero-knowledge proofs to cut transaction fees, increase security and scale operations across the Polygon and Ethereum networks.“D8X is part of a driving force of innovation and community in Polygon’s 2.0 zero-knowledge space,” said Polygon Director of Growth Hamzah Khan.D8X is a fully decentralized DEX following regulatory guidance from Switzerland’s financial market regulator FINMA.“We thank all our investors for believing in D8X's vision to bring truly decentralized derivatives as white-labeling solutions to institutions. With best-in-class financial engineering and risk management, D8X is changing the way decentralized derivatives are traded,” said D8X co-founder Caspar Sauter.The production codebase of D8X was audited by PeckShield and an earlier version was audited by Hacken.About D8XD8X is a Polygon Ventures-supported institutional-grade perpetual futures DEX with a financial engineering approach that elevates the way perpetual futures can be traded on-chain. Think of a powerful and decentralized trading platform on Polygon zkEVM that offers white-labeling to institutions. D8X’s pricing mechanism adapts to changing market conditions protecting liquidity providers and profitable traders in volatile periods, resulting in superior DeFi trading conditions.D8X | Twitter | GitHub | DocsContactPR DirectorPatrick [email protected]

Zug, Switzerland, August 4th, 2023, ChainwireD8X's pre-seed round features Polygon Ventures, Axelar Network, Swissborg Ventures and othersD8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and other notable investors. The capital will help D8X launch a decentralized derivatives trading platform in the second half of 2023 that provides a white-labeling solution to trading partners seeking access to powerful derivatives products.The pre-seed round for D8X includes additional participation from Axelar Network, Swissborg Ventures, Cogitent Ventures, Veris Ventures, G1 Ventures, Pragma Ventures, CryptoDiscover and others.“DeFi is reshaping the future of finance. Projects like D8X are building the infrastructure that will help legacy finance to leap into web3,” said Polygon Co-Founder Sandeep Nailwal.Bridging CeFi to DeFiD8X's founders bet on centralized players wanting to offer decentralized crypto derivatives to their clients without having to hire experts to develop in-house market-making and trading engines. D8X provides a white-label solution to partners who act as brokers and earn fees by running their own front ends powered by the D8X trade engine and shared liquidity.Financial Engineering On ChainD8X’s sophisticated on-chain solutions curb costs and offer products that are competitive with centralized exchanges, such as cost-efficient hedging, a prerequisite for building a highly functional derivative trading space. Contract trading allows other DeFi protocols to efficiently hedge on-chain. Their perpetuals can be calibrated for a wide range of assets and support—as a first in DeFi—linear, inverse and quanto perpetuals. At launch, a liquidity pool in Lido's staked ETH (stETH) will enable liquidity providers to earn the Lido yield while simultaneously participating in the DEX’s earnings.D8X is the first business-to-business (B2B) DEX built on Polygon’s zkEVM, harnessing the power of zero-knowledge proofs to cut transaction fees, increase security and scale operations across the Polygon and Ethereum networks.“D8X is part of a driving force of innovation and community in Polygon’s 2.0 zero-knowledge space,” said Polygon Director of Growth Hamzah Khan.D8X is a fully decentralized DEX following regulatory guidance from Switzerland’s financial market regulator FINMA.“We thank all our investors for believing in D8X's vision to bring truly decentralized derivatives as white-labeling solutions to institutions. With best-in-class financial engineering and risk management, D8X is changing the way decentralized derivatives are traded,” said D8X co-founder Caspar Sauter.The production codebase of D8X was audited by PeckShield and an earlier version was audited by Hacken.About D8XD8X is a Polygon Ventures-supported institutional-grade perpetual futures DEX with a financial engineering approach that elevates the way perpetual futures can be traded on-chain. Think of a powerful and decentralized trading platform on Polygon zkEVM that offers white-labeling to institutions. D8X’s pricing mechanism adapts to changing market conditions protecting liquidity providers and profitable traders in volatile periods, resulting in superior DeFi trading conditions.D8X | Twitter | GitHub | DocsContactPR DirectorPatrick [email protected]

Istanbul, Turkey, June 26th, 2023, ChainwireMetatime, the blockchain project building a complete Web3 ecosystem that promises users full control over their finances, identity and assets, has announced its native ecosystem token Metatime Coin ($MTC) will be listed for sale on the leading cryptocurrency exchange, Bybit. Alongside the listing, Metatime is pleased to announce that its smart contract infrastructure code has been fully audited by the independent auditing firm Hacken, completing the process with full marks. The $MTC token, which currently has exactly 415,439 registered users, will go live on Bybit on Monday, June 26 at 10.00 UTC, at which time it will be available for anyone to buy, sell or trade. Investors who bought early during the presale will now be able to sell their $MTC, while those who missed out on early access will now be able to participate in Metatime’s growing Web3 ecosystem.Earlier this year, Metatime witnessed enormous demand for its token, raising a total of $38 million via two pre-sales of the $MTC token on the world’s biggest crypto launchpad platforms, helping to fund its goal of onboarding millions of new users to Web3. All told, Metatime sold 100 million $MTC at 5 cents, 100 million $MTC at 6 cents, 100 million $MTC at 7 cents and then 200 million $MTC at 10 cents.The $MTC token is currently deployed on BNB Chain but will migrate to Metatime’s own blockchain with the launch of the MetaChain mainnet on Nov. 11, 2023. For all $MTC investors, relevant information and technical assistance is available through Metatime’s support team.The official listing of $MTC on Bybit follows the completion of a full audit of Metatime’s smart contract code by the respected independent auditor and testing firm Hacken. The report by Hacken highlighted the “exceptional performance of Metatime’s documentation, code quality, test coverage and security measures”. Metatime achieved a perfect score of 10/10 in the documentation quality category, providing comprehensive functional requirements and detailed technical descriptions. It also achieved a perfect code quality score and, furthermore, demonstrated exceptional test coverage during thorough testing of deployment, basic user interaction and system features.Metatime’s Web3 ecosystem of products include a comprehensive blockchain network and cryptocurrency exchange, plus NFT marketplace, crypto launchpad, blockchain explorer, wallet and stablecoin. The MetaChain is powered by the Proof-of-Meta consensus mechanism which enables all users to participate in network verification and $MTC mining. Metatime’s upcoming MetaExchange will set a precedent in the industry by not assessing commissions for all trades that close at a loss, while its copytrade features will enable novices to emulate expert traders.About MetatimeMetatime has emerged as a visionary ecosystem that builds the world of the future, designed from the start to be beneficial to everyone. By completely self-funding its technology development stages, Metatime aims to establish the world's most comprehensive and transparent ecosystem. Through the development of blockchain-based digital products, Metatime is actively shaping the future today. Metatime continues to innovate and develop a wide range of products such as MetaChain, MetaWallet, Metatime Coin, MetaExchange, and MetaNFT, placing user needs at the forefront and designing from the ground up. By envisioning a future where blockchain becomes accessible to everyone, Metatime leads the way in spearheading the Web 3.0 transformation.Website | Twitter | Instagram | Linkedin | DiscordContactCo-Founder & CEOYusuf [email protected]

Mahe Island, Beau Vallon, Seychelles, May 31st, 2023, ChainwireInQubeta, a pioneering platform in the crypto crowdfunding space, is thrilled to announce the launch of its innovative ecosystem powered by the QUBE token. Designed to revolutionize the investment landscape for AI startups, InQubeta offers users the opportunity to participate in crowdfunding campaigns in it's NFT marketplace.InQubeta stands out in the blockchain industry by providing a dynamic environment for users to back and invest in AI startups using QUBE tokens. Through the platform, each listed startup is transformed into an NFT and fractionalized, allowing investors of all sizes to participate. Upon successful funding, investors can share in the startup's profits through returns paid in QUBE tokens. The entire process is transparent, secure, and backed by the power of blockchain technology.To ensure the utmost quality and value for investors, InQubeta employs rigorous vetting procedures for startups seeking listing on their NFT marketplace. Additionally, the platform equips investors with valuable resources, including insights from experienced stakeholders and AI technology experts, enabling informed decision-making through comprehensive research and analysis.At the core of InQubeta's ecosystem lies the QUBE token, an ERC-20 utility and governance token. QUBE grants holders access to invest in AI startup projects listed on the platform's NFT marketplace. With deflationary properties, QUBE tokens provide long-term potential benefits to investors through a 2% buy-and-sell tax allocated to a burn wallet and a 5% sell tax directed to a reward pool. Moreover, QUBE token holders actively participate in governance, shaping the future of InQubeta by contributing to key proposals.Security is a paramount concern, and InQubeta takes it seriously. The QUBE token has undergone an extensive security audits by leading firm Hacken and KYC verification by Block Audit, providing peace of mind to investors and ensuring users' funds are protected from potential breaches.Currently, the QUBE token is available in its presale phase, offering investors the opportunity to purchase tokens at the current lowest possible price directly from the official InQubeta website. The presale is designed to be investor-friendly, with a minimum investment amount of $50, making QUBE tokens accessible to everyone. Supported payment options include but are not limited to ETH, USDT, BNB, BUSD, and BTC. Following the presale, QUBE token holders can stake their assets via InQubeta's staking dapp, to earn potential rewards from the buy and sell taxes allocated to the reward pool.InQubeta's cutting-edge crowdfunding ecosystem, impressive tokenomics, and commitment to security position it for success in the evolving landscape of AI investments.To join the InQubeta presale, please visit inqubeta.aiAbout InQubetaInQubeta is a crypto crowdfunding NFT marketplace that enables users to invest in AI startup projects using the QUBE token. Through its innovative platform, InQubeta aims to revolutionize the investment landscape for AI startups, providing investors a transparent and rewarding experience.ContactInQubeta [email protected]

Source: Depositphotos The current bear market took a significant toll on the cryptocurrency market, with major currencies like Bitcoin and Ethereum sliding down 75%-85% from their all-time highs. With cryptocurrency prices crashing to new lows, investors became pessimistic about the future prospects of the market, leading to decreased trading volumes. However, it's important to note that crypto bear markets are a natural part of the market cycle. Investors should be prepared for the possibility of market downturns and adjust their investment strategies accordingly. In addition, many experts believe that the crypto bear market presents the ideal opportunity to build crypto projects. How the Bear Market is the Best Time to Build The crypto bear market can be the best time to build because it presents a unique opportunity to invest time and resources in building a solid foundation for your project or business. Here are some reasons why. Lower competition: Many people lose interest in cryptocurrencies and sell their holdings during a bear market. This results in lower competition in the market and a reduced number of new projects being launched. As a result, it is easier for developers to stand out from the crowd and gain attention for their projects. Lower costs: As the market goes down, the cost of resources like computing power, hosting, and other infrastructure may decrease. This can be an excellent time for developers to invest in their project's infrastructure and lay a strong foundation at a lower cost. Time to focus: There is less hype and excitement around cryptocurrencies during a bear market. This can give developers the time and space to focus on their projects and build a solid product without being distracted by the latest market news or price fluctuations. Evaluating mistakes: The bear market is an excellent opportunity to learn from past mistakes and improve projects. It is an opportunity to assess what worked and what did not work during the previous bull market and make the necessary changes. Build a loyal community: In a bear market, people who remain invested in cryptocurrencies are typically more committed and devoted to the ecosystem. This can be an excellent opportunity to build a strong community around projects and develop relationships with people who share the project’s vision. Overall, a crypto bear market can be challenging but can also provide valuable opportunities to build a strong foundation for a project or business. By focusing on building during these times, developers may be setting themselves up for success when the market eventually turns around. Steps Crypto Users Can Take While Waiting for the Next Bull Run The cryptocurrency market has been known to experience cycles of price surges and drops, and investors can sometimes face a waiting period for the next bull market to arrive. Here are some steps that users can take while waiting for the next bull run: Research: It is essential to educate oneself about the cryptocurrency market continually. Users can research different cryptocurrencies and their growth potential, read about the latest developments in the industry, and stay up-to-date with news and events that may impact the market. Portfolio Management: Users can analyze and re-evaluate their cryptocurrency portfolios. It is essential to assess the performance of one's current holdings, evaluate the risks, and consider diversifying the portfolio with stable coins or alternative investments. Set realistic expectations: It's important to remember that the cryptocurrency market can be volatile, and price fluctuations are normal. Setting realistic expectations for the market and being patient for the next bull run is critical to success in this industry. HODL: HODLing, or holding onto one's cryptocurrency investment for the long term, is a popular strategy for those who believe in the market's long-term potential. Users can consider holding onto their investments rather than panic-selling during a bear market, which may result in losses. Risk management: It is important to remember that investing in cryptocurrency carries risks. Users can consider setting stop-loss orders to limit potential losses in case of market downturns or investing only a portion of their portfolio in cryptocurrency. Stay informed: Keeping up to date with the latest news, developments, and trends in the industry can provide insight into potential opportunities for investment or market shifts. Users can follow reliable information sources such as cryptocurrency news websites, social media accounts of cryptocurrency influencers, and forums or groups for cryptocurrency investors. As the cryptocurrency market awaits an imminent bull run in the future, below are five blockchains to have on your radar in 2023. Venom Operating under the Abu Dhabi Global Market (ADGM) jurisdiction, Venom is the world’s first licensed protocol. This guarantees its security, reliability, and regulatory compliance, making it appropriate for Web3 projects' widespread acceptance. It also features a unique architecture that combines dynamic sharding technology with L0 Masterchain, L1 workchains, and shardchains. As a result, a blockchain with great performance, infinite scalability, and lightning-fast speed is produced. All these work together to achieve high throughput on the blockchain, guaranteeing minimal transaction costs (less than $0.0002 average cost). Founded by Dr. Kai-Uwe Steck, Venom’s leadership team includes Peter Knez, a former chief investment officer of BlackRock and global chief investment officer of Barclays Global Investors, and Mustafa Kheriba, a board member for numerous family offices and an expert in long-term investments in the Middle East and North Africa. Venom sees community development and collaboration as the key to creating a more interconnected Web3 future. It has collaborated with prestigious Web3 initiatives like Hacken to establish security frameworks in DeFi and with projects like Developer DAO, Hub71, and DAO Maker to provide technical assistance and foster the expansion of budding Web3 enterprises. Venom Ventures Fund has pledged $1 billion to foster innovation by assisting and nurturing Web3 startups alongside Iceberg Capital. Venom has outlined some major plans in its future roadmap and initiatives. Venom is working on a potential testnet alongside ten dApps created on the Venom blockchain. The dApps include Venom Wallet, a non-custodial wallet and the key of the Venom ecosystem, as well as Venom Bridge, VenomScan, Web3.World, a DEX, and Oasis.Gallery, an NFT Marketplace. Users can easily swap tokens to interact with other networks on Venom Bridge and VenomScan, respectively. Finally, Venom will continue to work to establish partnerships with key industry players while advancing projects like the development of innovative dApps.Read this Venom blockchain guide to learn more about Venom. Aptos Aptos is a move-based Layer 1 blockchain platform that aims to make decentralized finance (DeFi) accessible to everyone, regardless of their technical expertise or financial resources. The platform is designed to be user-friendly, secure, and scalable, focusing on enabling seamless transactions, low fees, and high-speed processing. Born from Diem, a failed blockchain project from Meta (formerly Facebook), the Aptos blockchain was developed by Aptos Labs in 2021. The Aptos Lab team in charge of the Aptos project features former engineers and leaders from Meta’s blockchain Diem and wallet Novi and Move programming language, including co-founders Avery Ching and Mo Shaikh. Aptos raised $350M across multiple funding rounds from Web3-focused investors, including Andreessen Horowitz, Multicoin Capital, and Binance Labs — their latest funding happened on Sep 15, 2022, from a Venture - Series Unknown round. These funds were enough for a successful devnet and a series of testnets. Aptos garnered more significant traction after that. The Aptos "Autumn" Mainnet went live on October 17, 2022. The Layer 1 project later added Names Services and agreed to a partnership with Google Cloud to run a validator node on Aptos and jointly launch accelerator programs and hackathons to foster increased adoption of Web3. The Layer 1 blockchain also launched its native utility token, APT, which currently ranks in the world’s top 35 cryptocurrencies by market cap with a market value of over $1.9 billion. The next steps in the Aptos roadmap include attracting new Web3 projects, delivering higher transactions per second (TPS), making improved configurations and upgrades, and Web3 education. In May 2023, Aptos will collaborate with Outlier Ventures, a Web3 accelerator and incubator, to launch a $100,000 fund to provide early-stage crypto startups with mentorship and education. LayerZero LayerZero is a blockchain protocol that enables omnichain communication and interoperability, allowing developers to build decentralized applications across multiple blockchains. The blockchain network guarantees authentic transactions with configurable trustlessness. LayerZero connects dApps across chains using on-chain Ultra Light Nodes, which achieve the security of a light node with the cost-effectiveness of a middle chain. LayerZero is developed by LayerZero Labs and co-founded by world-class engineers: Bryan Pellegrino (CEO), Ryan Zarick (CTO), and Caleb Banister (Principal Engineer). These individuals have previously founded startups together, and co-published academic research with Noam Brown and Facebook AI Research. Thirty-two (32) investors have contributed to LayerZero Labs' funding, including Sequoia Capital, Paypal Ventures, Defiance Capital, and others. Between 2021 and 2023, the team raised $293.3 million in seven fundraising rounds. Their latest funding was raised from a Series B round on Apr 4, 2023. In addition, LayerZero Labs developed the Omnichain Fungible Token (OFT) standard, a multichain standard for fungible tokens. An OFT is a general-purpose fungible token standard that works with different established fungible token types that exist across chains. In February 2023, Trader Joe announced an integration with LayerZero Labs to launch $JOE as an OFT to unlock deeper liquidity, facilitate easy crosschain transfers and expand availability for the Trader Joe community. Fuel Network Fuel Network is an execution layer designed to introduce modularity into blockchains, making monolithic blockchains more scalable. It was created as a Layer 2 scaling technology on the Ethereum blockchain and deployed in 2020. Layer 2 networks have grown in both number and utilization, but they still face the challenge of higher gas fees during network congestion. Fuel Network is built to optimize blockchain transactions, reducing the impact of gas fees. The blockchain's stack is supported by parallel transaction execution, Fuel Virtual Machine (FuelVM), and the Sway language, which combine to make up its three main pillars. The project’s development team is led by John Adler, co-founder of Fuel Labs, Nick Dodson, CEO of Fuel Labs, and Emily Herbert, core contributor of Sway Language and Fuel Labs. Fuel Labs has successfully raised $81.5M over three rounds between 2021 and 2023, with 14 investors, including MH Ventures and Blockchain Capital, funding the project. Their most recent funding came from a Venture - Series Unknown round on February 21, 2023. Fuel Network looks to support developers using Sway to build on its protocol. Fuel Network has established a grant program to help teams develop in its ecosystem, including the Beyond Monolithic hackathon. The grant ranges from $10,000 to $150,000. Lisk Lisk is an open-source Web3 application framework created with sidechain interoperability in mind. Its Javascript SDK offers developers an easy way to launch their Lisk-compatible blockchains. The LSK token serves as the native coin for the Lisk blockchain, and the network uses Delegated Proof-of-Stake (DPoS) to reach consensus. Lisk was co-founded by globally recognized crypto entrepreneur, Max Kordek (CEO), and veteran crypto developer, Oliver Beddows (CTO), in 2016. The same year, they also co-founded Lightcurve, a renowned blockchain studio headquartered in Berlin. Lisk raised over 14,000 BTC during its initial coin offering (ICO). The LSK is currently ranked 186th in the world cryptocurrency market by market cap, with over $143 million in market value. Lisk is looking to launch a grant program in 2023 to ensure entrepreneurs can access capital to get critical project resources. The grant amount will reach up to $270,000 (CHF 250,000). Conclusion Venom, Aptos, LayerZero, Fuel Network, and Lisk are blockchain platforms that deliver unique features and functionality to the blockchain. These blockchain projects focus on creating decentralized applications, platforms, and networks that leverage blockchain technology to address specialized challenges. To keep up with the latest news and developments from these projects, it's a good idea to follow relevant subreddits, social media accounts, and official blogs. You can also sign up for newsletters or join online communities to stay up-to-date. Additionally, attending industry events, such as conferences and meetups, can be an excellent way to network and learn from experts in the field.