News
Gaming Revolution! SpookyZ’s technology instantly transforms any game you love into a Play-To-Earn Web3 game
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SpookyZ Gaming Studio is disrupting and reinventing the future of gaming by creating the first truly agnostic universal inGame wallet and payment gateway platform integrated with its own native token (SPZ). This key innovation allows SpookyZ’s technology to be seamlessly integrated into any existing classic Web2 or MMO game turning it instantly into a Web3 Play-To-Earn game, bringing new life and excitement to the games you love. SpookyZ is currently integrating the best in class multiplayer adventure games like Grand Theft Auto and DayZ, layering them with our technology to enable instant Play-to-Earn (P2E) immersive functionality.
SpookyZ’s technology is bridging the gap for traditional Web2 gaming studios to seamlessly enter the fast growing Web3 games market which is projected to grow to $67 Billion by 2027, by simply integrating and layering our technology effortlessly to their existing games.
SpookyZ has created a new metaverse ecosystem with innovative gaming economies, monetization models and game asset tokenisation, which is integrated with our SPZ native token. This ensures that gamers can earn real-world money while playing their favorite games, with an advance inGame wallet that seamlessly connect to MetaMask and other secure wallets allowing tokens to be freely traded, swapped, sold using both DEX and CEX exchanges ensuring unprecedented transparency of all inGame digital transactions. SpookyZ is providing the most sophisticated inGame economic model that can be easily and cheaply integrated into existing Web2 games, bringing a previously unimaginable layer of inGame dynamism to classic games we all love.
SpookyZ have implemented a simple, sophisticated inGame tokenomics model that always ensures that 2% of all transactions are burned, a 5% tax on transactions and 3% of SPZ tokens are paid to the inGame reward pool. SpookyZ has passed a comprehensive and stringent technology and Smart Contract Audit and KYC compliance conducted by SolidProof, a leading Tier-One German Blockchain Security Company. Giving Web2 gaming studios total confidence when integrating our technology including our investors, gamers and community.
SpookyZ allows players to have full access to all information about transactions, providing a Provably Fair and secure platform for total inGame peace of mind. Our technology gives gamers the ability to use their skills to make real-world money and build profits from playing their favorite games. How much money they make depends entirely on their inGame strategy and skill level, the possibilities is endless.
Another key SpookyZ innovation is that gamers will have full digital ownership of all their assets including any SPZ tokens. They have complete freedom to use, trade, swap, store, sell or cash out for real-world money, the choice is completely theirs.
SpookyZ have assembled an expert multidisciplinary team that is absolutely passionate about the transformational power of Web3 gaming. The aim of our team is to fundamentally change the way games are perceived and played. Our technology which can instantly transform any existing Web2 game into a dynamic Web3 game seamlessly is now commercially available bringing a new era in gaming. We are keen to work, collaborate or partner with investors, distributors or content creators. Please feel free to reach out to our team and let’s build the future of Web3 gaming together.
About SPOOKYZ
SpookyZ is disrupting gaming by utilising Blockchain to create new inGame economies and asset tokenisation that allows gamers to earn real-world money in our metaverse .We have created an agnostic universal integrated crypto wallet and payment gateway platform with its own native tokens (SPZ) that can be integrated into any Web2 game enabling it to become a Web3 P2E game, seamlessly bringing Blockchain and crypto to the masses.
Altcoins
Core Foundation Announces LstBTC, a Liquid Staking Token on the Core Blockchain
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The Core Foundation, a group dedicated to sponsoring ecosystem development on Core’s Bitcoin-powered blockchain, has announced LstBTC, an ERC-20 liquid staking token pegged 1:1 with Bitcoin (BTC). This innovation enables BTC holders to earn daily rewards in CORE tokens while maintaining the liquidity of their Bitcoin—a solution to the longstanding challenge of choosing between staking and liquidity in the DeFi space.
Addressing the Liquidity Challenge
For Bitcoin holders, the choice between staking their assets for rewards and keeping them liquid for DeFi participation has always been a difficult one. Traditional BTC staking often requires locking up assets, making them unavailable for other uses. LstBTC eliminates this trade-off by preserving Bitcoin’s value while offering the benefits of staking. Holders can now keep their BTC liquid and participate fully in the evolving BTCfi ecosystem.
How LstBTC Works
Each LstBTC token is fully pegged to one BTC, ensuring that its value remains stable. Unlike standard staking, LstBTC allows holders to retain full liquidity, meaning their Bitcoin can still be used for lending, transferring and swapping like any other ERC-20 token. This flexibility is a game-changer for those who want to maximize their returns without compromising their ability to engage in DeFi activities.
Enhanced Security with Multisig Setup
LstBTC is issued on the Core blockchain and features a Multisig setup on the Bitcoin network. While this requires a slight increase in trust, the Multisig setup is managed by reputable entities, a practice widely adopted in many established protocols. The Multisig wallets undergo rigorous security audits, ensuring that users’ assets are well-protected, while still allowing them to benefit from the liquidity and rewards offered by LstBTC.
Expanding the BTCfi Ecosystem
LstBTC will further expand Core’s already comprehensive BTCfi ecosystem, which includes lending, borrowing, restaking, DEXs, perpetual futures, and NFT platforms. By bridging the gap between staking and liquidity, LstBTC offers BTC holders greater flexibility in managing their assets.
“Bitcoin holders have long faced a difficult choice between staking their assets and keeping them liquid for participation in the DeFi ecosystem,” said Rich Rines, Initial Contributor at Core. “LstBTC changes that by allowing users to earn staking rewards in Core while keeping their Bitcoin liquid and active in the ecosystem.”
A Solution That Meets Market Needs
LstBTC is designed for BTC holders who want to maintain their asset liquidity while still earning staking rewards. The Multisig wallet setup, backed by reputable entities and rigorous audits, ensures that security is not compromised, making LstBTC a reliable choice for those looking to engage more fully in the BTCfi ecosystem.
See more on LstBTC in this explainer video: https://youtu.be/ipyT_ih_G-g?si=nUs8HlMBct_J1Dbq. For more information about the Core Foundation and Core blockchain, please visit https://coredao.org.
About Core
Core serves as the Proof of Stake layer for Bitcoin as the first enabler of Non-Custodial Bitcoin Staking, which secures a fully EVM-compatible BTCfi ecosystem. Since April 2024, over 5,000 BTC valued at more than $300 million have been staked with Core, enhancing Bitcoin’s utility and security.
Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security. This breakthrough has amassed millions of Core adopters – over 20M unique addresses, 275M+ transactions, and over 295M TVL since its mainnet launch in January 2023.
News
NeoSwap AI Rebrands as Tulle, Weaving More Liquid Crypto Markets
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NeoSwap AI, a leader in blockchain-based economic efficiency tools, today announced its rebranding as Tulle. This move sharpens the company’s focus on innovative liquidity solutions for low-volume cryptocurrency markets, particularly on the Solana and Bitcoin networks.
Tulle leverages an innovative technology stack that combines complex intent capture, prediction models, and advanced trade-finding algorithms to facilitate multi-party swaps. This approach boosts trading volumes in low-liquidity environments, significantly improving market efficiency.
“Rebranding to Tulle marks our commitment to solving the crypto industry’s most pressing liquidity challenges,” said Dr. John Ennis, CEO of Tulle. “Our platform empowers partners and contributes to the overall growth and stability of the Solana and Bitcoin ecosystems.”
To support its partners, Tulle offers TulleKit, a comprehensive SDK for easy integration of its liquidity solutions. Notable partners that have benefitted from Tulle’s technology include Star Atlas, Genopets, Baxus, and Bitcoin Machines.
Tzvi Wiesel, co-founder of Baxus, highlighted the impact: “Tulle’s solution addresses key challenges in global secondary market deal-making, enhancing liquidity in the wine and whisky markets. We’re thrilled to offer these benefits to our users through our partnership.”
Tulle previously secured $3 million in pre-seed funding led by Digital Asset Capital Management (DACM), with participation from AngelHub, Sora Ventures, Avid3, and others. Tulle plans to commence a new funding round shortly, further fueling its growth and innovation in the blockchain space.
Richard Galvin, Co-Founder and CEO of DACM, commented: “Tulle’s novel approach to enhancing liquidity has applications far beyond its initial focus on NFTs. We see potential for this technology to revolutionize liquidity provision across the entire spectrum of digital assets.”
For more information about Tulle and its services, please visit https://www.tulle.ai/
About Tulle:
Tulle is redefining liquidity in the blockchain space, addressing today’s challenges while shaping the future of decentralized finance. By bridging the gap between emerging projects and robust market activity, Tulle aims to create a more fluid, efficient, and accessible economic ecosystem for all.
Technologies
Scannit to launch financial management app at Token2049, rewarding users with tokens for data ownership
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Scannit, a pioneer in digital financial identities, has announced the open beta launch of its innovative financial management app as part of the upcoming Token 2049 event in Singapore from Sept. 18, 2024. The Scannit app helps users track spending while rewarding them with SCAN tokens for their data contributions, fostering a new data economy.
The app launch comes on the heels of Scannit’s acceptance into the IoTeX Accelerator Cohort and its certification as a Google Web3 Startup. These affiliations provide Scannit with strategic guidance, technical support, access to cutting-edge resources, and a global network —enhancing its credibility and capacity to innovate in the rapidly evolving Web3 landscape. With a 7-figure funding round recently closed, Scannit is well-positioned for rapid growth and global expansion.
The Scannit app enables users to have full transparency and control over their financial data, allowing them to decide who has access to their data at any given time. The app reduces manual financial tracking efforts through automation. Users are rewarded with SCAN tokens for sharing their data, creating an active and incentivized participation in the value chain.
The open beta launch in Singapore is the first step in Scannit’s plan to onboard at least 10,000 users during the beta phase and achieve a target of 100,000 users by the end of the first quarter post-launch.
“Our innovative app is redefining the relationship between consumers and their data. With Scannit, users don’t just manage their finances—they own their data and earn from it,” said Karl Nowak, CEO and Founder of Scannit, adding: “We want to give back that power to the users. So, it should be your choice to give away that data if you want to. And if you do, you should get proper compensation for it.”
Looking ahead, Scannit plans to introduce AI-driven financial advice tools to further assist users with their spending habits, enhancing user experience and engagement. The company is also working on onboarding additional partners to expand its ecosystem, targeting diverse user personas while upholding its core promise of full data ownership for users.
Users interested in experiencing the future of financial management can join Scannit’s waiting list for the open beta launch slated for Token 2049.
About Scannit
Scannit is a pioneering technology company headquartered in Atlanta, Georgia, revolutionizing digital financial identities. Its “Scan to Earn” model rewards users for scanning receipts and verifying transactions, turning everyday spending into valuable rewards. Scannit enables businesses to ethically and authentically access valuable data insights while respecting user privacy and consent, driving a fair and transparent data economy.
For more information, visit www.scannit.io.
Business
Redbrick Secures U.S. Patent for “Open Metaverse Creation System”
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Redbrick (CEO Yeongmo Yang), a gaming creation platform, announced that following a domestic patent registration last August, it has also secured a U.S. patent for its “Open Metaverse Creation System.” With this recent acquisition of a U.S. patent, Redbrick has reaffirmed its technological prowess in the global market and has further enhanced the connectivity and scalability among its platforms.
The “Open Metaverse Creation System” is a groundbreaking technology that enables creators to synchronize their game content across multiple platforms. This system allows creators’ content to move freely among various platform services, enabling consolidated revenue management within a single system. Previously, content distribution and revenue generation in metaverse and gaming platforms were confined to individual platforms. However, Redbrick’s technology now enables free movement of content and revenue management across multiple platforms.
With this patent, Redbrick is fostering an environment where creators can continuously generate revenue across diverse platforms. Beyond marketplaces, particularly in advertising and content usage fees, Redbrick has introduced a revenue-sharing model with partners to help creators secure more stable earnings.
CEO Yang stated, “In addition to enhancing our open metaverse technology, we are also developing AI features and capabilities that allow creators to collaborate within our studios. We plan to continue advancing our technology to enable creators to undertake innovative creative activities.”
Redbrick’s technological achievements are providing new opportunities for various companies interested in utilizing game and metaverse content. Companies such as Telegram, Fusionist, OKX, Berachain, Bitlayer, Mode, Klaytn, ZetaChain, and Kroma can now easily create content using the “Redbrick Engine,” leveraging open metaverse technology to upload game content to their own websites or apps. This is expected to significantly enhance collaboration with various enterprises.
Redbrick is a tech start-up founded in 2018, aiming to popularize game and metaverse creation. It provides a cloud-based 3D creation engine, which has lowered entry barriers to traditionally complex and difficult game creation. Redbrick’s 3D creation engine utilizes artificial intelligence-generated content (AIGC), educational technology (EdTech), and blockchain technology, making it easy and fast for anyone to create games, metaverse, VR content.
Blockchain
Unitas Protocol Upgrades Smart Contract and Completes Security Audit By ChainLight
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Unitas, a DeFi stablecoin protocol addressing emerging markets’ dollar shortage issues in transactions and cross-border payments, has successfully upgraded its smart contract to the second stage. Prior to deployment, the smart contract was audited by ChainLight, a trusted Korea-based security firm under Theori with expertise in both Web2 and Web3 domains.
As a result, there is no high or critical issues found in Unitas Protocol, and 3 medium and 3 informational issues identified by ChainLight were fixed by the Unitas team. The full audit report is available on the Unitas Foundation website.
“The Unitas team demonstrated a high level of preparedness for the audit, with comprehensive documentation and robust testing procedures in place. We also enjoyed auditing the Unitas protocol because the concept itself was innovative,” said Brian Pak, CEO & Co-Founder of ChainLight. “It is important to note that potential risks may arise from macroeconomic factors or flaws in the source code, which require continued monitoring and management.”
Unitas Protocol mainnet was live on 31 July 2023 and before that, the testnet was launched after completing smart contract security audits by Sherlock. “Security and stability of the smart contract are the top priorities of Unitas,” said Sun Huang, co-founder and Chief Technology Officer of Unitas Foundation. “To ensure the best quality of Unitas protocol, each stage of the smart contract must undergo independent, multiple, and varied audits by different external third parties.”
In the first phase, Unitas protocol allows anyone to mint unitized stablecoins with USDT. It “unitizes” a USD stablecoin (e.g., USDT) into one local currency unit. The first unitized stablecoins open to minting are USD91 (INR-pegged), USD971 (AED-pegged), USD84 (VND-pegged), and USD1 (USD-pegged).
The first phase is focused on user engagement and application. The second phase, set for launch in September, centers on the role of Insurance Providers (IPs), who lend their USD stablecoins to the protocol to support its over-collateralization, a process known as “IP staking”. With the participation of IPs, including auctions, profit sharing, and 4REX token issuance, the Unitas protocol will operate independently and organically. For more details, please refer to the whitepaper.
Unitas Protocol is built for real-world stablecoin applications, solving USD liquidity issues in developing countries like India and Vietnam. Unitas Foundation will co-host the second edition of the Stablecoin Summit with the blockchain-enabled financial institution XREX Group on 20 September this year at Andaz Singapore.
About Unitas Foundation
Unitas Foundation is a non-profit organization founded in 2022. Unitas Protocol operates exogenously over-reserved stablecoins pegged to emerging market currencies. These stablecoins unleash emerging market potentials by facilitating foreign investment, cross-border payment, global market access, DeFi participation, efficient USD liquidity, and more.
About ChainLight
ChainLight is a blockchain security firm founded in 2016. Our clients span both Web2 and Web3 domains, including industry giants such as Microsoft, Samsung, Google, LG Electronics, Hyundai, DARPA, Upbit, Bur, Blast, and zkSync.
We are renowned for maintaining a record of zero client compromise and winning numerous CTF (Capture The Flag) hacking competitions. Additionally, we are a proud member of the Security Alliance (SEAL) led by Samczsun, Head of Security at Paradigm, committed to elevating the standards of blockchain security.
Business
XinFin XDC Network and Foundership Inaugurate XDC 0xCamp Accelerator Program to Propel Global Web3 Startups
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XinFin XDC Network, an EVM-compatible Layer 1 blockchain, and Foundership, the leading global Web3 accelerator, have announced the kickstart of the 12-week XDC 0xCamp accelerator program. This initiative is designed to provide a transformative platform for 6 innovative startups selected from hundreds of applications worldwide. These startups will participate in a comprehensive 90-day Token Launch Ready program, aimed at accelerating their growth and success within the Web3 ecosystem.
In addition to mainnet integration with the XDC Network, each project will mint its native tokens on XDC and contribute unique products and protocols across diverse sectors such as Real World Assets (RWA), SocialFi, Gaming, Sports, and DeFi.
The XDC 0xCamp program offers these startups strategic guidance from best-in-class industry mentors, helping them refine their business ideas, design effective tokenomics, develop go-to-market strategies, and receive technical support—all crucial elements for a successful token launch.
A key highlight of the program will be a demo day held during Token2049 in Singapore with the Web3 venture capitalists and angel investors will be invited to meet the startups ready for investment.
By the end of the program, each startup qualifies to receive up to $100,000 in investments from XVC Tech, based on the milestones achieved in the Token Launch Ready Program.
The participating teams comprise remarkable founders developing the next generation of groundbreaking products and protocols, leveraging the XinFin XDC Network’s Layer 1 technology. Foundership will provide contextual acceleration tailored to each startup’s specific needs, covering areas such as tokenomics, business growth, KOLs (Key Opinion Leaders), launchpads, exchanges, market makers, and all other essential elements required to achieve a Token Generation Event (TGE) upon Program Completion.
Ritesh Kakkad, Co-Founder at XinFin XDC Network, stated: “The launch of the XDC 0xCamp Accelerator Program represents a pivotal moment for the Web3 space. By partnering with Foundership, we are opening new avenues for startups to innovate and build on the XDC Network. Our network is designed to support and scale groundbreaking projects, and we are excited to see the transformative solutions these teams will bring to the Web3 ecosystem. This initiative not only fosters technological advancement but also strengthens our commitment to empowering visionary entrepreneurs who are shaping the future of blockchain”
Santosh Panda & Bimlesh Gundurao, Co-Founders at Foundership, said: “We are super excited to announce the teams joining us on the XDC 0xCamp accelerator program. The 6 teams are leading the way in building truly multichain applications leveraging the XinFin XDC Network Layer 1 tech stack, and we are super excited to support them in their progress and token launch on XDC Network.”
Pranav Agarwal, Head of Capital at Foundership, said “With this program, we are supercharging the XDC ecosystem with live projects, having a great community and long-term vision. This is a true value addition for all stakeholders”
Aneri, Head of Ecosystem & Investments at XVC Tech, said “At XVC Tech, we are committed to investing in innovative projects that demonstrate strong potential for long-term success within the Web3 ecosystem. We believe that the projects emerging from this program will play a pivotal role in shaping the next wave of Web3 innovation on the XDC Network.”
For more information, please visit: foundershiphq.com/xdc-0xcamp
About the Shortlisted 6 projects:
XinFin XDC Network and Foundership are pleased to present the 6 startups participating in the XDC 0xCamp program: Akka Finance, Zayn Network, MetaSoccer, Earnscape, Panenka FC and Fandora.
1. MetaSoccer
MetaSoccer lets users become a true club owner, earning rewards through skillful management and strategic gameplay. Link: https://metasoccer.com/
HQ – USA
2. Zayn Network
The Modular ZK L2 uniting Bitcoin & Ethereum Unlocking Bitcoin liquidity through EVM dApps for the next billion users. Link: https://zayn.network/
HQ – Singapore
3. Akka Finance
Trading, potentially earning, and owning crypto on the all-in-one multichain DEX. AKKA is a cross-chain solution enabling seamless liquidity access and service aggregation across multiple blockchains, fostering interoperability, programmability, and user experience in the web 3.0. Link: https://app.akka.finance/swap?chain=xdc
HQ – Dubai
4. Fandora
Bringing Content, Brands and Web3 together.India’s first Content IP tokenization and World’s first Web3 Advisors NFT platform. Link: https://fandora.app/
HQ – India
5. Panenka FC
Panenka FC utilizes smart contracts on blockchain to automate and decentralized game room management and rewards distribution. Link: https://www.panenkafc.gg/
HQ – Singapore
6. EarnScape
Earnscape offers reward systems to increase user retention and new traffic. Earnscape’s initial focus is on gaming using blockchain to enable reward disbursement. Link: https://earnscape.io/
HQ – USA
Technologies
Growing the Buz Economy: Announcing the Social Intelligence Paranet Launch
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In the rapidly evolving world of tech and finance, the demand for innovation and adaptability is higher than ever, driven by a quest for transparency for internet users. LunarCrush has been at the forefront of Social Intelligence, converting human-driven insights into actionable information for both retail and institutional stakeholders. Originally focusing on the crypto industry, LunarCrush’s Social Intelligence now extends across diverse sectors such as technology, politics, travel, music, and more. Recognizing the convergence of crypto, the Internet, and Artificial Intelligence (AI), LunarCrush is making a significant leap forward in their transparency efforts through social intelligence. By launching the Social Intelligence Paranet on the OriginTrail Decentralized Knowledge Graph (DKG), LunarCrush aims to enhance content collection through incentivized crowdsourcing and enable the creation of AI-powered services on this trusted knowledge base.
The Decentralized Knowledge Graph and the Social Intelligence Paranet
The Social Intelligence Paranet will operate on the OriginTrail DKG, a permissionless peer-to-peer network that ensures all social content published to the Paranet is discoverable, verifiable, and attributed to its owners. This setup allows AI services leveraging this knowledge base to avoid challenges like hallucinations, managed bias, and intellectual property violations. For an in-depth understanding of the technical design of paranets, DKG, and decentralized Retrieval-Augmented Generation (dRAG), we recommend reviewing the OriginTrail Whitepaper.
The Social Intelligence Paranet Initiative
Aligned with LunarCrush’s growth trajectory, the Social Intelligence Paranet will initially target the crypto sector, attracting high-quality content creators and community members from various crypto projects. LunarCrush will also mine knowledge tied to their social insights, such as Alt Rank, Top Creators, and Sentiment analysis. Beyond knowledge mining, the Social Intelligence Paranet will feature the first AI-powered tool to interact with top knowledge assets on the Paranet, supported by LunarCrush. This AI-powered tool will be accessible to users paying with BUZ tokens. All BUZ tokens spent by users will be recycled as additional rewards for knowledge mining.
In the upcoming weeks, a comprehensive proposal for the Social Intelligence Paranet will be submitted to the NeuroWeb community for approval. The proposal will include:
- Knowledge Assets created from LunarCrush APIs
- An incentives model for knowledge miners targeting the first category of knowledge
- A demo of the LunarCrush AI tool
Advancing the Wisdom of the Crowds
The traditional wisdom of the crowds concept eliminates idiosyncratic noise associated with individual judgment by averaging a large number of responses. Social Intelligence takes this concept further by unlocking actionable information through high-quality, curated knowledge enhanced with specific domain expertise. The rise of AI introduces the potential for another leap forward in extracting wisdom from a vast body of knowledge. Incentivized crowdsourcing to collect superior social content provides an ideal foundation for AI services to uncover wisdom that is not immediately apparent. While a conversational tool is the initial step, subsequent developments will include AI agents performing comprehensive tasks such as market analysis and prediction market suggestions. As the Social Intelligence Paranet expands beyond the crypto field, it promises to support enhanced decision-making powered by the wisdom of the crowds across various topics.
Blockchain
Merkle Trade, Gamified Perp DEX on Aptos, Launches TGE Sequence
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Merkle Trade, the first gamified perpetual futures decentralized exchange (DEX) based on Aptos, the secure, scalable and feature-rich Layer-1 blockchain, is introducing its Token Generation Event (TGE) Sequence, uniquely featuring both Genesis Staking and a Liquidity Bootstrapping Auction (LBA). Backed by prominent investors like Hashed and Arrington Capital, Merkle Trade is building off the success of Genesis Staking that began July 25th, to launch its LBA running from August 29th to September 5th.
The LBA will offer early users exclusive USDC rewards for staking for an extended period. Merkle Trade differentiates from other perpetual DEXes with its focus on accessible and enjoyable trading for everyone, including casual traders. Users can start trading perpetual futures with as little as $2 in collateral, while enjoying gas-free transactions and a seamless user experience with order execution that doesn’t require constant signatures (i.e. 1-click trading). Its focus on user-friendly features has driven rapid growth, with Merkle Trade surpassing $12.9 billion in cumulative trading volume and attracting over 124,500 traders while becoming one of the top fee-generating protocols on Aptos.
Building off this traction, the project has launched a unique Token Generation Event (TGE) Sequence, introducing Genesis Staking and the Liquidity Bootstrapping Auction (LBA) as different ways for users to engage with the platform. These options are tailored to benefit both existing users and newcomers to provide diverse strategies to secure MKL tokens, manage positions, and earn additional rewards.
Genesis Staking allows preMKL holders to retain their MKL tokens while earning USDC rewards. These rewards are sourced from a portion of the protocol’s revenue and include access to a special reward pool with up to $200,000 in additional benefits. An impressive milestone has been reached with over 3 million preMKL tokens staked for an average duration of more than 20 weeks, accounting for over 22% of the circulating supply at the time of the token launch.
Liquidity Bootstrapping Auction (LBA) offers an opportunity for both existing users and newcomers to deposit USDC and/or preMKL over a 7-day period, during which the ratio between the two assets will establish the initial launch price of the MKL token. In return, participants receive MKL-USDC LP tokens, which come with dual rewards, including a share of 1% of the total MKL supply and trading fees generated by the pool.
Participants are encouraged to carefully evaluate their financial goals and the unique benefits of each option within the TGE Sequence. Both Genesis Staking and the LBA are designed to offer valuable opportunities, allowing users to select the path that best aligns with their individual objectives. To assist in making informed decisions, the team has provided an $MKL TGE Cheatsheet, offering clear and concise guidance on navigating these options.
About Merkle Trade
Merkle Trade is the first gamified perpetual futures decentralized exchange (DEX) based on Aptos. It provides omnichain support, including EVM wallet integration via LayerZero. Backed by prominent investors like Hashed and Arrington Capital, Merkle Trade uniquely combines a high-performance, secure perpetual DEX with the engaging, social elements of popular online and RPG games. Believing that making directional bets on volatile assets like crypto should be fun for all, the platform has significantly lowered barriers to entry for crypto asset trading.
About Aptos Network
Aptos is the secure, scalable, and feature-rich L1 blockchain of choice for both developers and users—delivering the best performance, the highest throughput, and lowest latency. Aptos is the first blockchain to use the Move programming language, and is designed with simplicity in mind for the best builder experience. Aptos is the top choice for next-gen use cases, real-world applications, and the millions of users that come with them. If it’s happening in Web3, it’s happening on Aptos.
Altcoins
UCFX Markets Announces New Initiative to Expand Client Access to Emerging Cryptocurrencies
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UCFX Markets, a leading online trading platform, is excited to announce a significant expansion in its cryptocurrency offerings. This new initiative will provide clients with unprecedented access to a wider range of emerging cryptocurrencies, positioning UCFX Markets as a go-to platform for investors looking to capitalize on the latest trends in the rapidly evolving crypto market.
New Cryptocurrency Offerings on the Horizon
As part of this expansion, UCFX Markets Reviews highlight the introduction of a series of emerging cryptocurrencies to its trading platform. These new additions will include cutting-edge digital assets that are gaining traction in the global market, providing investors with opportunities to diversify their portfolios and explore high-growth potential coins. The decision to broaden the platform’s cryptocurrency offerings reflects UCFX Markets’ commitment to staying ahead of market trends and delivering innovative solutions to its clients.
Enhanced Tools for Crypto Traders
To support this new initiative, UCFX Markets Reviews emphasize the launch of advanced tools designed to help clients make informed investment decisions. These tools include real-time market data, comprehensive analysis, and expert insights tailored specifically for emerging cryptocurrencies. By equipping traders with these resources, UCFX Markets ensures that clients can navigate the complexities of the crypto market with confidence and precision.
Client Success Stories and Positive Feedback
The impact of UCFX Markets’ expanded offerings is already being felt by its clients. Numerous UCFX Markets Reviews highlight the platform’s strengths, including its user-friendly interface, broad market coverage, and the ability to stay ahead of trends in the cryptocurrency space. Clients have expressed appreciation for the platform’s focus on emerging cryptocurrencies, noting that it has enabled them to seize new opportunities and achieve significant returns on their investments.
Security Measures to Protect Client Investments
In conjunction with the introduction of new cryptocurrencies, UCFX Markets Reviews consistently praise the platform for its commitment to security and reliability. The platform has implemented state-of-the-art security protocols to safeguard client assets, ensuring that investors can trade with confidence. This focus on security is a cornerstone of UCFX Markets’ approach.
Conclusion: A Step Forward in Crypto Trading
With this new initiative, UCFX Markets is not only expanding its cryptocurrency offerings but also solidifying its position as a leader in the online trading industry. By providing clients with access to the latest emerging cryptocurrencies and the tools needed for success, UCFX Markets is helping investors expand their horizons and unlock new opportunities in the dynamic world of digital assets. The positive feedback found in UCFX Markets Reviews underscores the platform’s effectiveness in meeting the needs of modern investors.
For more information, visit https://ucfxmbot.com.
Business
Rokos Capital Management Pty Ltd: Emphasizing Investment Strategies Amid Complex Market Conditions
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The Reserve Bank of Australia (RBA) announced on August 6 that it had decided to keep the cash rate target unchanged at 4.35% and the interest rate on foreign exchange balances unchanged at 4.25% after its latest policy meeting. Although inflation has declined since its peak in 2022, it remains above the target range. According to the latest data, the Consumer Price Index (CPI) rose by 3.9% in the quarter to June, which is closely in line with the forecast for 2022. May Monetary Policy Statement. Inflation continues to run significantly above the target range of 2-3%, reflecting the continued pressure and uncertainty facing the Australian economy.
The Reserve Bank of Australia stated that the process of reducing inflation will be slow and uncertain. Inflation is expected to return to the target range by the end of 2025. The latest forecasts indicate a slowdown in economic growth, a tight labor market, and wage growth still above what trend productivity growth can sustain. These factors suggest that there are upside risks to inflation, particularly in the context of persistent inflation in the services sector and high unit labor costs. Furthermore, global economic uncertainties and geopolitical factors could significantly impact Australia’s economic outlook.
In this context, ROKOS CAPITAL MANAGEMENT PTY LTD (RCM), a global leader in alternative investment fund management, is actively navigating the current complex market environment. Headquartered in London, RCM specializes in generating uncorrelated returns through directional and relative value trading across global macro asset classes. The company has offices in New York, Singapore, Hong Kong, and Australia, with a global presence that helps RCM respond to market fluctuations in real-time.
ROKOS CAPITAL MANAGEMENT emphasizes that in the face of current global economic uncertainties, the company continues to adopt innovative and prudent investment strategies. RCM’s core portfolio structure consists of multiple intersecting product verticals designed to provide stable returns for investors under all market conditions. The company utilizes advanced quantitative analysis methods and artificial intelligence technologies to monitor and analyze market dynamics in real-time. RCM’s proprietary algorithmic trading system can quickly identify market opportunities and execute precise trading instructions, capturing more investment opportunities amid market volatility.
In the current economic environment, risk management is particularly crucial. ROKOS CAPITAL MANAGEMENT has a dedicated risk management team responsible for comprehensively assessing each investment to ensure effective risk management during periods of market turbulence. By closely monitoring market conditions and adjusting investment strategies in a timely manner, RCM is committed to maximizing returns while keeping risks within a reasonable range.
Looking ahead, both RCM and the Reserve Bank of Australia are closely monitoring developments in the global and domestic economies. The Reserve Bank of Australia reaffirmed that its primary objective remains to return the inflation rate to the target level within a reasonable timeframe and will exercise caution in future policy decisions. Meanwhile, ROKOS CAPITAL MANAGEMENT will continue to pursue optimal returns for investors in an uncertain market environment through its innovative investment strategies and rigorous risk management.
In an uncertain global economic outlook, ROKOS CAPITAL MANAGEMENT’s strategy demonstrates that despite a challenging economic environment, investors can still find opportunities through innovative and flexible strategies.
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