1h ago • cryptodaily
HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry
Central, Singapore, 20th March, 2023, ChainwireHeartX, previously known as ArteX, a trailblazer in the digital art industry, has recently rebranded and unveiled a groundbreaking web3 marketplace and community that empowers artists, collectors, art consultants and art lovers to redefine the value of digital art. The HeartX platform provides a secure, immersive, and transparent space for creating, sharing, and trading digital artworks, catering to artists, collectors, and the web 3 community alike.The sleek and user-friendly interface allows artists to upload and list their NFT-based digital art for a global audience to explore and purchase. HeartX's unique art evaluation system engages all users by enabling them to rate by voting on digital art pieces, earning tokens as a reward, and creating an interactive and dynamic online art community. This feature fosters closer ties between creators, collectors, and art lovers and creates an interactive and dynamic online art community. HeartX's Vote-to-Earn system allows people to show their taste and support, making it easier to join the web3 community.The team announces the launch of HeartX's first season, which introduces a unique set of features designed to enhance user engagement and incentivize participation. The "vote-to-earn" model allows users to earn tokens by voting for art pieces, with both the most and least favored pieces resulting in token earning. With the tokenomics model, there are two types of tokens for the platform- the governance token $HTX and the utility token $HNX that encourage users to unlock new opportunities for growth and profitability. Additionally, multiple dimension ranking systems reward users, creators, and collectors, creating a positive feedback loop that encourages ongoing participation within the ecosystem.HeartX is excited to announce their team and partnerships as they prepare for launch in the rapidly growing web3 space. The team is composed of seasoned professionals with a diverse range of experiences and backgrounds, united by a strong passion for creating a seamless, secure, and user-friendly platform and ecosystem for users worldwide. HeartX has formed partnerships with some of the most innovative teams in the web3 space, with more to be announced."We believe that the value of arts can be redefined by community consensus," said HeartX founder Anson. “We also believe that ‘art’ shouldn't be that out of reach, which is why we are bringing people the HeartX platform.” HeartX's vision for the future of digital art goes beyond being an online marketplace. It is a vibrant community of art lovers passionate about exploring and collecting digital artwork. The platform connects creators and collectors, offering artists a unique opportunity to showcase their digital artwork to a global audience and collectors a chance to build a reputation and find unique, innovative pieces.The HeartX team has just released the HeartX whitepaper, outlining its vision for a decentralized future and highlighting the key features and benefits of the HeartX platform. The HeartX team invites everyone to read the whitepaper to learn more about its ambitious goals and innovative solutions. Learn more about HeartX's whitepaper here.The team is continuing to develop the HeartX project and looks forward to sharing updates with the community as they progress toward launch. The HeartX marketplace will be launched in both app and web version in mid-April. Join HeartX today and experience the future of digital art.About DECENT ARTSDecent Arts Singapore Pte. Ltd. is a Web3 professional team dedicated to art.Decent Arts aims to connect the offline and online art worlds to broaden the boundaries of traditional art and establish a more inclusive, diverse and decentralized Web3 art ecology.Decent Arts focuses on the physical and digital art market and has created an online art community for trading and communication. It has launched digital art collections, and incubates a richer metaverse and Web3 products to allow more people to connect, understand, and finally fall in love with art.The team currently has 30 members who are responsible for product planning, artist cooperation, technology development, platform operations, etc.Most of the members come from successful Internet companies in diverse fields including gaming, live broadcast, social networking, e-commerce, art, blockchain, digital collections, and more.ContactThe HeartX [email protected]
1 day ago • cryptodaily
Banking Crisis Shows Risks of Crypto: RBI Governor
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has said the “ongoing U.S. banking crisis” clearly shows the risks crypto poses to the financial system.
The head of the RBI, Shaktikanta Das, has said that the current banking crisis in the United States clearly shows the risks that cryptocurrencies pose to the financial system. Das’ statement echoes the controversial comments he made in December, arguing that should crypto be left to grow, it might cause the next financial crisis.
Das commented on the current banking turmoil in the U.S. at the 17th K P Hormis Commemorative Lecture on Friday, where he said:
The ongoing U.S. banking crisis drives home the importance of robust regulators, sustainable growth and clearly shows the risks of private cryptocurrencies to the financial system.
The Governor’s comments obviously refer to the collapse of several crypto-friendly banks in the U.S. over the past weeks. On Sunday, New York State financial regulators announced that it had shut down Signature Bank. Signature has several clients in the crypto space.
The collapse of Signature comes amid the fallout of Silicon Valley Bank (SBV), which was closed down by regulators just days prior. Earlier in the month, the crypto-focused bank, Silvergate, shut down operations after struggling to stay afloat in the aftermath of FTX.
Indian Economy Remains Resilient
Das further highlighted the need for prudent asset-liability management, regular stress tests, and building up capital buffers. He claims that India’s overall external debt is under control.
At the height of the pandemic, we kept on highlighting the need to build up adequate capital. I am happy to say that almost all the Indian banks took the message and kept additional capital.
The Governor’s speech primarily focused on India’s G20 presidency and advocated for a more concerted effort by the Group of 20 to assist those nations that face external debt due to the U.S.’s strengthening currency. He reassured the Indian government that the country has a stable financial system and has passed the inflation peak. He added that as India controls its external debt, the rising dollar does not threaten the country.
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
Coinbase Plans To Set Up Crypto Trading Platform Outside The US
According to a Bloomberg report, Coinbase is exploring the option of setting up a crypto trading platform outside the United States of America as part of an aggressive expansion campaign.
As of now, there is no clarity on where the new entity will be based.
A New Crypto Trading Platform
According to the report, Coinbase has already discussed setting up a platform based outside the US, where it has its current headquarters, with some of its institutional clients, market makers, and investment firms. However, there is no clarity about the nature of Coinbase’s overseas operations or where it would be based. Coinbase, apart from its headquarters in the United States, has a strong presence in Spain, Italy, France, the United Kingdom, Ireland, Switzerland, and the Netherlands.
Along with the authorization to operate in the United States, Coinbase holds licenses to operate in Italy, Germany, Ireland, and the Netherlands, along with the UK Financial Conduct Authority. The exchange is also in the middle of procuring additional registrations and licenses in other major markets to comply with local regulations.
Move To Drive Growth?
There is considerable speculation about why Coinbase is looking to international markets. Some believe that the exchange is moving and expanding internationally to keep pace with its rivals, some of whom have gained considerable traction in international markets. Coinbase is currently the largest cryptocurrency exchange in the United States but is facing strong competition from the likes of Binance in the global markets.
Earlier this month, Coinbase announced that it had updated its retail platform in Singapore as a result of a strategic partnership with Standard Chartered bank. The partnership with the bank would allow Coinbase customers to move funds to and from their accounts via local banks. As a result of the partnership, Coinbase customers based in Singapore can cash in or cash out of their exchange accounts using local bank transfers for free, allowing customers to gain more control and flexibility over their assets. Before the partnership, Coinbase customers were forced to use debit or credit cards to transact with the exchange.
The CEO of Coinbase Singapore, and its regional director, Hassan Ahmed, stated,
“Southeast Asia is a crypto-forward region with a lot of demand for holding and using crypto in markets such as the Philippines and Indonesia, as well as a hotbed of innovation for trends like Web3 gaming such as Vietnam”.
Or Is Regulatory Scrutiny The Reason?
However, there is also speculation that the move was forced on Coinbase as regulatory authorities in the US looked to clamp down on the crypto firms for their perceived role in the ongoing banking crisis. Recently, three major banks in the United States, Silicon Valley Bank, Silvergate Bank, and Signature Bank, failed, leaving a huge impact on depositors.
In recent months, regulators, including the Securities and Exchange Commission (SEC), have come down hard on crypto firms for staking services offered in the US. Coinbase also faces banking troubles after it emerged that around $240 million in corporate cash balances are stuck with Signature Bank. Despite the clampdown, Coinbase, in a communication with users, stated that its staking program would continue.
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.
2 days ago • cryptodaily
Hong Kong's Open Crypto Regulatory Framework Attracts New Firms
Hong Kong is making significant strides towards becoming a global crypto hub, with the latest developments indicating that the city is positioning itself as an attractive destination for crypto-related businesses.
Recent reports indicate that Signum Digital, a joint venture of Coinstreet and Somerley, has received approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) for its security token offering (STO) and subscription platform, which will be a pioneering development in Hong Kong. Cryptocurrency data firm Kaiko has also announced its plans to move its Asian headquarters from Singapore to Hong Kong, citing the city’s pro-crypto policies and impressive recovery from covid-related restrictions.
Security tokens, a new category of digital assets built on blockchain technology, represent ownership of tangible assets like private equities, real estate, art, and collectibles. By being linked to real-world assets, security tokens lower risks for potential investors, facilitate research processes, and provide a foundation for the market value of the investment opportunity.
According to Signum Digital, following the receipt of final authorization from Hong Kong’s SFC, it will manage the STO platform using the brand name “CS-Pro.” The STO platform is expected to create new investment opportunities for everyday investors, and it will be subject to the regulatory frameworks set up by the Hong Kong government.
Kaiko, on the other hand, is relocating its Asian headquarters from Singapore to Hong Kong due to the latter’s pro-crypto policies and attractiveness to investors, hedge funds, and asset managers. Kaiko has built a reputation for providing credible market data on digital assets to institutional investors and market participants.
Hong Kong’s push to become a global crypto hub has attracted other players in the crypto industry, including Singaporean bank DBS and Seychelles-based crypto exchange, Huobi. The city’s administration is committed to building an enabling environment that facilitates the growth and development of the digital asset industry, and it plans to introduce a mandatory license for all cryptocurrency exchanges and stablecoin providers operating within its territory. The city also introduced the world's first tokenized green bond.
Hong Kong's efforts to establish itself as a leading crypto hub are not only reflected in the influx of crypto-related businesses, but also in the regulatory policies and plans being implemented by the local government. In fact, Hong Kong's growing faith in the digital asset market is apparent in its decision to allow individual investors to freely trade major cryptocurrencies like Bitcoin and Ether, among others.
The Hong Kong government is set to introduce a mandatory license for all cryptocurrency exchanges and stablecoin providers operating within its territory. This move aims to regulate and monitor the activities of digital asset companies, ensuring that they operate within the boundaries of the law and provide a safe environment for investors.
Hong Kong is determined to build a regulatory framework that encourages digital asset adoption while protecting its citizens against industry crises. This is evident in the city's response to the FTX bankruptcy saga that occurred in November 2022. As part of its measures to mitigate the impact of the crisis on its citizens, Hong Kong's Securities and Futures Commission (SFC) mandated FTX to pay a compensation fee of HKD 1.2 billion ($154 million) to affected customers.
Hong Kong's efforts to regulate the digital asset industry are not limited to its domestic market. The city is also exploring ways to collaborate with other countries to establish an international regulatory framework for the crypto industry. In particular, Hong Kong's SFC is a member of the Global Financial Innovation Network (GFIN), a group of regulators from different countries that aims to promote innovation in the financial sector while maintaining regulatory compliance.
It's admirable how Hong Kong's determination to build a regulatory framework that fosters digital asset adoption while protecting its citizens is a positive development for the crypto industry. As the city continues to attract more businesses and investors, its pro-crypto policies and regulatory initiatives are expected to provide a secure and stable environment for the growth and development of the digital asset market.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days ago • cryptodaily
SingularityNET ($AGIX) Launches $RJV Utility Token, Surges 150%
In an environment where the majority of the cryptocurrency market is grappling with the ongoing crypto winter and challenges within the banking sector, Rejuve.AI ($RJV), an artificial intelligence token with connections to Cardano, has experienced remarkable traction, all while of course, also experiencing some degree of volatility.
At the time of writing, the token's price has skyrocketed by roughly 153% within the past 24 hours, reaching a new all-time high (ATH) of $0.1132, according to data from CoinMarketCap.
The token's recent surge can be traced back to its successful Token Generation Event (TGE), which followed a series of community funding round events. The token's design is linked to both Ethereum (ETH) and Cardano (ADA), leveraging the capabilities of two leading proof-of-stake (PoS) Layer 1 protocols. Rejuve itself was launched by SingularityNET ($AGIX) as a utility token, with the prospect of accelerating the extension of human health and lifespans. SingularityNET's thrust, in terms of the social impact it aims to achieve, is quite straightforward: to enable individuals to easily "create, share, and monetize" AI services through a globally accessible AI marketplace.
The current enthusiasm surrounding the Rejuve.AI protocol and token can be attributed to the crypto market's broader excitement in terms of artificial intelligence ecosystems and projects. With the introduction of OpenAI's ChatGPT and GPT-4 algorithmic models, numerous crypto projects are pivoting towards AI, devising solutions and applications to advance the frontiers of both AI and blockchain technology.
The convergence of AI and blockchain technology has garnered support from numerous proponents, and it is this intersection that Rejuve.AI is currently exploring. However, while the integration of artificial intelligence (AI) within the Web3 ecosystem offers numerous benefits that have the potential to revolutionize the way we interact with decentralized networks and applications, there are several factors that we (humans, yes, all too human humans) need to stay wary of.
The unethical use of artificial intelligence, especially in the context of Web3 and blockchain development, may lead to unintended consequences and threats. This may also be countered given how recent deployments of OpenAI's GPT-4 model were used to debug smart contract code, opening the possibility of outsourcing or automating code audits to large language models which contain vast libraries and databases of smart contract code, even those which may be too obscure or may be reserved only for those who have been developing smart contracts since its heydays sometime between 2013 and 2014, which was when Ethereum and other derivatives first sprang.
In this instance, AI-driven applications may be exploited for malicious purposes, such as manipulating markets, facilitating illegal activities, or creating fraudulent dApps. Moreover, the mass use of AI can amplify existing biases and inequalities, as algorithms may inadvertently reinforce discriminatory patterns present in training data.
Another potentially incriminating quandary with the use of AI for Web3 and blockchain development is this: the centralization of AI development and resources can potentially undermine the decentralized nature of Web3, resulting in power imbalances and compromised security. Consequently, it is crucial to approach AI integration in Web3 with caution, ensuring ethical and responsible use to prevent negative outcomes.
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 stakes in any of the digital assets and securities mentioned, and does not have any significant hold of own any cryptocurrency or token discussed.
2 days ago • cryptodaily
Could this be the Bitcoin top? For now?
Bitcoin has pushed through the $25,000 major resistance level. However, the charts are suggesting that it could be at or near its top for now.
Bitcoin thrives as the banking system subsides
Bitcoin has made hay as the banking system has been showing its inherent weaknesses. BTC has put on 72% since the beginning of the year, and has risen more than 36% in just the last week, at the same time as the Fed has been obliged to restore quantitative easing (to some extent), and the Swiss central bank has had to provide liquidity to a badly fractured Credit Suisse.
The writing is on the wall for a fiat currency system, and it is testament to the opaque curtain that government and bankers have drawn across it, that it has managed to last thus far.
Holders of bitcoin don’t have to worry about any governments intervening to prop the system up, and getting tax payers to shoulder the cost. It just runs on code, without any intermediaries, and does what it was programmed to do.
Bitcoin to retest the lows?
Bitcoin is still looking to go higher. It has reached $26,700 at time of going to press. This is a resistance area just before a stronger resistance at around $28,800. Many will be feeling that Bitcoin could go on to test even higher, and there certainly is a case for this.
Source: TradingView
The price has reached the top of a megaphone pattern it has been in since January this year, and it could be expected to reverse here, given that it has had such a great surge over the previous week.
The technicals might have the price correct over the next few weeks, taking Bitcoin down to retest its lows. According to pro trader Gareth Soloway, the price could perhaps bounce at $18,000, but he expects it to then go lower and maybe even get down as low as $9,000 before entering its bull market in earnest.
Price doesn’t just go up and up, or even down and down for that matter. There are always corrections or rallies on the way. For Bitcoin to go down and test the lows is a perfectly healthy thing to do, and the coming bull market will be that much better for it.
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.
3 days ago • cryptodaily
Poolz Overcomes Security Event with Rapid Crisis Management
Late on March 15th, Poolz Finance experienced a hack, with attackers exploiting a vulnerability in the arithmetic overflow of the platform. Upon discovery, the Poolz team leaped into action, rapidly disabling the point of entry and mitigating the worst of the effects.
Due to the speedy response of Poolz, the hacker’s address was frozen, preventing further damages from occurring within the ecosystem. As little as 10 hours after the exploit was discovered, the Poolz management team had already planned out response systems, comprehensive compensation packages for their users, and a future roadmap.
Thanks to the security and management team at Poolz, the event was not nearly as impactful as it could have been. The founder of Poolz, Liam Cohen, stated “We're proud of our team's swift and effective response to the cyber attack on our platform. Our top priority is our community, and we're committed to providing them with a secure and reliable platform for decentralized finance.”
Let’s dive into the full story.
What Happened?
According to PeckShield, a blockchain security and data analytics company, the hack was caused due to an arithmetic overflow issue. The exploit was first discovered when the same sender repeatedly sent an identical transaction pattern in the token vesting smart contract.
This allowed the hacker to extract tokens that were already allocated to public buyers. They could siphon off cryptocurrency into their accounts, then converting them to BNB and moving them out of the system.
The Poolz ecosystem was heavily impacted by this, with the hacker making off with around $390,000 USD equivalent from their exploits. As this became public knowledge, the native token of Poolz - POOLZ - dropped more than 95%.
How Poolz Stopped the Exploit
Within two hours of the attack, Poolz was already in action defending their ecosystem. They had flagged the hacker’s address across the world’s leading blockchain explorers, preventing them from taking further action.
On a wider scale, they also removed the remaining liquidity from both Sancakeswap and Uniswap in order to protect their community. This was in order to prevent further trading and buying, alongside arbitrage attempts. Over the next few hours, Poolz moved through a number of steps to lessen the impact of the exploit:
Complete Freeze - All POOLz tokens porting on the ChainPort.io bridge were frozen.
CMC Communications - Poolz got in contact and submitted their report to CMC, which was then approved.
Flash Funding - Poolz released a flash fundraiser to help them with building a new system with strengthened security foundations. This raised over $600,000 USD in 12 hours.
Thanks to the quick reaction of the Poolz team, the exploit was neutralized in a timely manner, preventing further consequences to the wider ecosystem.
Building Back Better
Following the event, Poolz has also released documentation and strategy planning for a new token within their ecosystem. The Poolz team rapidly began planning a new token for the platform, POOLX, which is now under audit by ChainPort Certik, and ArcadiaGroup.
The platform is currently planning out a compensation model to ensure that their community is rewarded for their patience and support during this time. At present, Poolz has the full support of their community, with many being extremely impressed by the response that this ecosystem has lead with.
Reflecting on the event, Cohen has stated, “While this event was a setback, we are confident that we will emerge from it stronger. Our new token, POOLX, is currently under audit by industry leaders and will provide a more secure and reliable future for our community and customers.”
Beyond this, he comments on the devotion of the Poolz ecosystem to their community,
We're proud of our team's swift and effective response to the cyber attack on our platform. Our top priority is our community, and we're committed to providing them with a secure and reliable platform for decentralized finance. Despite this setback, we'll come out stronger with our new token, POOLX, which is currently undergoing an audit. Our treasury is unaffected, and we remain financially stable. We're dedicated to our community and DeFi and we thank you for your support.
Final Thoughts
Despite a challenging 24 hours, the reaction and rapid crisis management that Poolz has displayed curtailed the impacts of this security event. While the original native token has devalued, the steadfast plans that Poolz have issued in terms of the new native token will allow the ecosystem to bounce back effectively.
Across the impressive response from Poolz, the community support, and the backing of further investment, this is a wonderful example of the world of blockchain rallying behind an ecosystem. Luckily, this hack was far from the end of Poolz.
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.
3 days ago • cryptodaily
Ark Raises $16M For Crypto Fund
Cathie Wood’s Ark Invest has raised $16.3 million despite the market turbulence for a new crypto fund.
ARK US And Cayman Successfully Raise Funds
Innovation-focused fund manager Ark Invest has raised over $16 million for a new crypto fund that will be divided between a domestic account and a Cayman Islands account. This information was released when the company’s filings with the U.S. Securities and Exchange Commission went live. The reported $16.3 million of funds were raised through two separate channels. The first $7.3 million were raised from nine investors by the ARK Crypto Revolutions U.S. Fund LLC. On the other hand, the remaining $9 million were raised from a single investor by the ARK Crypto Revolutions Cayman Fund LLC. The filings revealed that both funds were opened for investments on March 1, 2023. Furthermore, since the target of the fund was labeled “indefinite,” it indicates that its purpose is still open-ended and could be applied to a multitude of investments.
ARK Adding More Shares
According to the filings, Ark Invest also added $20 million in Block shares to its funds in the last week. On top of that, the company had already added around $30 million in Coinbase shares to its funds in February 2023. The staggering bear market has not slowed down Ark Invest. The company has been on a crypto buying spree, as is evident from its rampant share purchasing.
The company’s CEO, Cathie Wood, had been steadfastly bullish about the overall industry, especially Bitcoin, even through the struggles of 2022. In early 2022, Ark published its Big Ideas report, where it predicted that Bitcoin would hit $1.36 million by 2030.
In an excerpt from the report, Wood writes,
“We believe bitcoin is the most profound application of public blockchains, the foundation of “self-sovereign” digital money. The Bitcoin protocol has enabled two other revolutions: The Financial (DeFi) and Internet (Web3) Revolutions.”
CEO Still Bullish On Crypto
Her company had taken advantage of the low prices of the bear market and snatching up cryptos left and right. For example, last November, under Wood’s leadership, Ark bought over 1.3 million shares in Coinbase at a very low price of around $40 per share. At that point, the company held around 4.7% of Coinbase’s total outstanding shares, the majority of them held in its flagship fund, ARK Innovation ETF. Whether her “buying the dip” policy will pan out in the long run is to be seen.
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.
3 days ago • cryptodaily
New Era for Crypto Investing With Tokenized Financial Products
Source: Depositphotos
DeFi infrastructure provider AllianceBlock is changing the dynamics for crypto startups seeking funding through a unique partnership with ABO Digital, the digital asset investment arm of Alpha Blue Ocean. The collaboration will enable crypto projects to seek alternative funding by issuing fully-compliant tokenized structured products to their financial backers.
Until now, crypto projects have been limited in their financing options, and usually obtain liquidity by issuing tokens to market makers and early investors. AllianceBlock and ABO Digital will provide them with the ability to tokenize traditional financial instruments and wrap them up as traditional Actively Managed Certificates, or AMCs, which can then be offered to capital providers that don’t want to hold digital tokens.
ABO Digital’s role in the partnership is to negotiate and structure financial instruments on behalf of crypto projects, based on their capital needs and liquidity requirements. AllianceBlock, meanwhile, will leverage its Nexera Protocol infrastructure and Nexera ID technology to tokenize these instruments as fully compliant AMCs. Investor’s capital will be locked into smart contracts, to be released only once the project’s minimum funding threshold has been achieved. Investors will then receive a traditional AMC that will be managed by AllianceBlock.
The main advantage of this initiative is that traditionally risk-averse institutional investors now have a way to offer capital to promising crypto projects in a way that’s fully compliant. AMCs provide a different form of ownership that’s more palatable than owning digital tokens.
AllianceBlock Chief Executive Rachid Ajaja said his company is offering institutional investors a compliant and less risky way to get involved in DeFi. “This partnership marks a significant milestone for both companies and the industry as a whole, demonstrating our commitment to innovation, compliance, and risk management,” he said.
In addition to AMCs, AllianceBlock and ABO Digital said they will enable large crypto funds, private equity firms and others to issue capital in the shape of tokenized financial instruments such as bonds, options and shares. By tokenizing such instruments, the companies say they’ll be able to appeal to newer classes of investors.
Asset tokenization is one of the most promising areas of DeFi, or decentralized finance, as it has the potential to transform how investments are made. As AllianceBlock explains, many real-world assets are traded in an extremely primitive way, with ownership certified on paper contracts. This results in higher costs and long transaction times, and makes it difficult to subdivide the ownership of many kinds of assets. Digital tokenization will enable fractional ownership of almost any kind of asset with lower costs, making them accessible to all types of investor, be it an institution or private individual.
ABO Digital CEO Amine Nedjai said today's announcement will tempt more institutional capital providers to look at the evolving DeFi space. “We look forward to working with AllianceBlock and paving the way for a new era in finance, one that is both creative and professional,” he said.
Going forward, AllianceBlock said it will work with ABO Digital to explore additional alternative financial investments for institutions using tokenization, as part of its mission to build a seamless gateway between the traditional and decentralized finance worlds.
3 days ago • cryptodaily
The 6 Best ICOs To Buy in 2023 - Top Presales March 2023
Initial coin offerings (ICOs) have become a popular way for cryptocurrency projects to raise funds and build a community of supporters. ICOs allow investors to purchase tokens in a new cryptocurrency project before it launches and join on the ground floor. Easily one of the best ways to build wealth in crypto.Here are the six best ICOs to buy in 2023 based on their potential for growth, utility, and community support.
● DigiToads (TOADS)
● Love Hate Inu (LHINU)
● Metacade (MCADE)
● Estate X (ESX)
● LunaOne (XLN)
● Sleep Care (SLEEP)
DigiToads (TOADS)DigiToads (TOADS) is a utility meme coin that offers an exciting new approach to blockchain-based gaming and NFT staking. It has the potential to become one of the biggest meme tokens alongside the likes of Dogecoin, Shiba Inu and Dogelon Mars.DigiToads has a strong focus on community, rewarding TOADS holders with regular airdrops and incentivizing participation through various means such as P2E gaming and NFT staking.One of the most exciting aspects of DigiToads is the inclusion of a thrilling new web3 game that allows players to collect, nurture, and battle unique DigiToads. The game provides an opportunity for players to earn TOADS tokens and even real money by ranking high on the leaderboard and winning rewards from the prize pool.In addition, 2% of every TOADS transaction goes into the staking pool, which is released to NFT holders who have decided to stake their NFTs at regular intervals. The longer an NFT is staked, the more the holder will earn in rewards.DigiToads has also made a pledge to support the environment by allocating 2.5% of profits to charities committed to replanting trees and preserving the rainforest. This reflects a growing trend in the crypto space of incorporating environmental, social and governance (ESG) considerations into project development.Overall, DigiToads offers a unique and exciting opportunity for crypto investors to participate in a fast-growing meme token that offers real utility and gaming features. With a strong focus on community, innovation and sustainability, DigiToads is poised to become one of the standout ICOs of 2023.
USE CODE: FINTECH10 FOR 10% EXTRA TOKENS ON YOUR NEXT DIGITOADS PURCHASE
>> Buy DigiToads Now <<
Love Hate Inu (LHINU)Love Hate Inu is a new cryptocurrency that offers a unique utility that goes beyond just trading and investing. It is a meme token that focuses on voting on important issues within its community. Users can stake LHINU tokens to vote on the issues that matter and earn rewards for doing so. The community can also create their own polls, allowing for a decentralized and democratic approach to decision-making.Love Hate Inu is built on top of the Ethereum blockchain, ensuring security and transparency for its users. With blockchain technology, all transactions and voting records are permanently stored on a public ledger, making them immutable and tamper-proof.The LHINU token is currently in its presale stage and plans to launch its staking and voting features in 2023. The team behind Love Hate Inu has a clear roadmap for the development of its platform, which includes the implementation of smart contracts for voting and the integration of additional features to enhance user experience.One of the main advantages of Love Hate Inu is its ability to provide a platform for democratic decision-making, where all users have an equal say in the direction of the community. This type of governance system is becoming increasingly popular in the cryptocurrency space, and Love Hate Inu aims to be at the forefront of this movement.Furthermore, Love Hate Inu is not just a project focused on governance. It is also a unique meme token that has the potential to become a popular choice among traders and investors. As with many meme tokens, the value of LHINU can fluctuate rapidly, making it a potentially lucrative investment opportunity for those who are willing to take on the risk.In summary, Love Hate Inu is a cryptocurrency that offers a unique utility in the form of a voting system based on blockchain technology. It aims to provide a secure and transparent platform for democratic decision-making, and its value as a meme token also makes it an attractive investment opportunity. With a clear roadmap and plans to launch its staking and voting features in 2023, Love Hate Inu is a project to keep an eye on in the coming year.Metacade (MCADE)Metacade (MCADE) is a new project by GameFi that has generated significant interest in the cryptocurrency world. It is a gaming platform built on blockchain technology that aims to provide multiple ways for users to generate income, build careers in Web3, and connect with the wider gaming community. The heart of the Metacadeecosystem, and one of its most valued components, is the play-to-earn (P2E) model, where users can earn rewards for participating in games and completing tasks on the platform.According to the project's whitepaper, Metacade will offer a range of games with different themes and styles, catering to a wide range of interests. Each game will have its own unique reward system, allowing users to earn tokens by completing quests and challenges. These tokens can be used within the Metacade ecosystem or exchanged for other cryptocurrencies on external exchanges.One of the most exciting features of Metacade is its career-building potential. Users can become game developers, artists, or streamers and earn income by contributing to the platform. Metacade will also offer tools and resources for users to learn more about blockchain technology and Web3, providing an opportunity for personal and professional growth.The Metacade platform is built on the Ethereum blockchain, providing a secure and transparent platform for users to participate in gaming and earning rewards. The team behind the project consists of experienced professionals from the gaming and blockchain industries, including developers, marketers, and designers.Overall, Metacade offers a unique and innovative approach to gaming and Web3. Its play-to-earn model, career-building potential, and focus on education make it a promising project with potential for significant growth. However, like all cryptocurrency investments, it is important for investors to conduct their due diligence and thoroughly research the project before investing.EstateX (ESX)EstateX is a crypto project that focuses on real estate investment. Users can buy fractional ownership of properties using ESX tokens and earn passive income from rent or capital appreciation. EstateX also plans to launch a decentralized exchange for real estate NFTs.Real estate is a multi-trillion-dollar market, and EstateX aims to tap into that market by offering a unique platform for real estate investment using blockchain technology. By allowing users to buy fractional ownership of properties, EstateX can make real estate investment more accessible to a wider audience.LunaOne (XLN)LunaOne is a web 3.0 integration technology that enables users to access decentralized applications (DApps) without installing any browser extensions or wallets. Users can also earn XLN tokens by using DApps or providing feedback. LunaOne aims to make web 3.0 more accessible and user-friendly.As the use of decentralized applications continues to grow, LunaOne has the potential to become a leading player in the space by providing a user-friendly platform for accessing DApps. By offering rewards for using DApps, LunaOne can incentivize users to adopt the platform and help drive the adoption of decentralized technology.Sleep Care (SLEEP)Sleep Care is a healthcare project that uses blockchain and artificial intelligence to improve sleep quality and wellness. Users can track their sleep patterns, get personalized recommendations, and access professional services using SLEEP tokens. Sleep Care also rewards users for healthy habits.Sleep is a fundamental aspect of health and wellness, and Sleep Care aims to use blockchain technology to help people improve their sleep quality. By providing personalized recommendations and access to professional services, Sleep Care can help users achieve better sleep and improve their overall health.The Best Investment Opportunity Of The Year?DigiToads (TOADS) has several unique features that make it a potentially great investment for 2023. Here are some reasons why:High-growth potential: DigiToads is considered a high-growth token and aims to be one of the biggest meme tokens alongside the likes of Dogecoin, Shiba Inu, and Dogelon Mars. With its P2E gaming platform and NFT staking, DigiToads offers various opportunities for its token holders to earn residual income.Community-focused: Community is a big focus for DigiToads, and the project is built to continuously reward the community of TOADS holders. TOADS holders will be rewarded monthly from the prize pool, with 10% of funds raised being airdropped to token holders. Additionally, DigiToads has pledged to support the environment, with 2.5% of profits made from the project being pledged to charities committed to the replanting of trees and the preservation of the rainforest.Trading competitions: DigiToads' goal is to bring in more users and trading volume daily. There will be monthly trading competitions on-chain, with prizes of a Platinum Toads each month. These competitions will take place over the course of a year, meaning there are 12 Platinum Toads up for grabs. If you are one of the 12 trading the treasury with a Platinum Toad, you will receive 10% of all trading profits you make for the treasury as an incentive to increase the treasury size.Overall, DigiToads offers a unique and engaging ecosystem for its token holders, with various opportunities for earning residual income and community rewards. DigiToads presale has the potential to explode, and with a dynamic supply driven pricing mechanism in place throughout the presale, the earlier the investor, the greater their returns will be.
Don’t miss out; join the presale of our number one ranked ICO DigiToads today.
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.