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Bitcoin Cash Technical Analysis – BCH/USD Crashes Toward $1500

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Key Points

  • Bitcoin cash price faced heavy selling pressure and it declined toward $1500 against the US Dollar.
  • Yesterday’s highlighted major bearish trend line with resistance at $2100 is intact on the hourly chart of BCH/USD (data feed from Kraken).
  • The pair may correct a few points, but it is likely to face resistances near $2000 and $2100.

Bitcoin cash price declined sharply toward $1500 against the US Dollar. BCH/USD is now in a bearish trend as long as it is below $2100.

Bitcoin Cash Price Downtrend

There was a start of a fresh downside wave in bitcoin cash price from the $2600 swing high against the US Dollar. The price crashed and declined below a few important support levels such as $2200 and $2100. The decline was such that the price even declined below the $1600 support. It traded close to the $1500 level and formed a low at $1501.7. Later, an upside correction was initiated and the price moved above the 23.6% Fib retracement level of the last drop from the $2403 high to $1501 low.

However, there are many resistances on the upside around the $2000 level. Above $2000, yesterday’s highlighted major bearish trend line with resistance at $2100 is intact on the hourly chart of BCH/USD. Moreover, the 50% Fib retracement level of the last drop from the $2403 high to $1501 low is at $1952 to prevent upsides. Therefore, it seems like there are many barriers for buyers around the $1950 and $2100 levels. As long as the price is below the $2100 level, it remains in a downtrend.

On the downside, an initial support is around $1600, followed by the last swing low of $1501. A break below $1501 could increase a lot of pressure for a move toward $1200.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is moving in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently well below the 50 level.

Major Support Level – $1500

Major Resistance Level – $2100

 

Charts courtesy – Trading View, Kraken

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Groundbreaking public sale for NEUTON AI on TON Blockchain announced

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NEUTON is set to launch a pioneering Public Sale in Q4 2024, introducing the first AI-powered platform featuring both VPN and AI Chat services with an innovative fee rebate structure. Designed for user flexibility, NEUTON offers both fixed and pay-per-use plans, with all payments facilitated through its native NEUTON Token.

NEUTON, short for “Neural on The Open Network,” is poised to become a standout AI project on the TON blockchain. Backed by LF Labs, NEUTON is making waves with its upcoming Public Sale on the popular TON-based launchpad, Lovely Legends Launchpad. With confirmed exchange listings already on the horizon, NEUTON is generating considerable anticipation as it aims to bring advanced AI solutions to the TON ecosystem.

NEUTON Team is setting its sights on delivering top-tier quality at competitive prices, joining the ranks of industry leaders like NordVPN, Copy.ai, and Frase. With a commitment to excellence, NEUTON aims to raise the standard for AI-driven solutions in terms of both functionality and affordability.

NEUTON’s RoadMap

In a strategic move favoring Public Sale participants, the NEUTON team has crafted tokenomics that level the playing field, with pricing kept uniform across Private, KOL, and Public Sale rounds. Notably, NEUTON has opted not to apply vesting restrictions for Public Sale participants, whereas KOL and Private Round investors will adhere to vesting plans spanning 6 to 12 months. This approach reflects NEUTON’s commitment to accessibility and investor-friendly terms, making the Public Sale particularly attractive to new participants.

Website: www.neuton.pro
Telegram: https://t.me/neuton_pro
X: https://x.com/neuton_pro

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ALIENX Launches AIX Airdrop with Trading Now Live on Bitget and Gate.io

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ALIENX, the revolutionary AI-powered and EVM-compatible blockchain, is excited to announce the launch of its AIX token airdrop. The AIX token is now available for trading on major cryptocurrency platforms, including Bitget and Gate.io, offering global users an exciting opportunity to engage with the ALIENX ecosystem and participate in the future of blockchain innovation.

The ALIENX blockchain, which has successfully raised $17 million in funding, is a cutting-edge platform driven by AI Nodes and designed for maximum scalability and efficiency. Built on Arbitrum Orbit technology, ALIENX is designed to be fully compatible with the Ethereum Virtual Machine (EVM), providing seamless interaction with existing decentralized applications (dApps) while unlocking new levels of performance and functionality through artificial intelligence integration.

The AIX token, the native governance token of the ALIENX network, is the key to unlocking the full potential of the ecosystem.

The official launch of the ALIENX blockchain was achieved in strategic collaboration with several leading blockchain organizations, including AlienSwap, Offchain Labs, and Caldera. This partnership ensures a robust foundation for the network, enhancing security, scalability, and user experience.

For those who have previously interacted with the ALIENX network, the airdrop is available for claiming through the official website. Users can visit https://alienxchain.io/claim-aix to check their eligibility and claim their AIX tokens.

“We are thrilled to officially launch the AIX airdrop and make AIX available for trading on platforms like Bitget and Gate.io,” said a spokesperson for ALIENX. “This is just the beginning of what we believe will be a transformative journey in the blockchain space, leveraging AI to redefine how decentralized networks operate. We invite users from across the globe to join us and become part of the future of blockchain technology.”

About ALIENX

ALIENX is an AI Node-powered blockchain that is fully compatible with the Ethereum Virtual Machine (EVM), designed to offer unparalleled scalability, efficiency, and performance. With a focus on integrating artificial intelligence to enhance decentralized networks, ALIENX aims to lead the next generation of blockchain innovation. The project has secured $17 million in funding and is supported by strategic partnerships with key industry leaders.

For more information, please visit www.alienxchain.io

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OkayCoin Launches Green Staking Initiative to Promote Sustainable Crypto Practices

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OkayCoin the leading cryptocurrency staking platform is launching its Green Staking Initiative to promote sustainable blockchain. The initiative allows users to participate in eco-friendly staking by supporting cryptocurrencies that use low-energy Proof-of-Stake (PoS) mechanisms.

OkayCoin’s Green Staking Initiative aligns with the global trend of energy efficiency in blockchain solutions as the conversation around environmental impact grows in the crypto space. “Green digital assets like Ethereum, Polygon, Cardano, and Avalanche operate on sustainable consensus models and will be staking on the platform.

Green Staking Initiative Highlights:

  • Energy-Efficient Cryptocurrencies: Stake Ethereum, Cardano, and Polygon; all use low-energy PoS.
  • Incentive to Join: Newbies get a $100 welcome bonus so joining is risk-free for them.
  • Crypto Education Goes Green: OKCoin has 24/7 support and tons of info on green blockchain.

“We are excited to promote crypto staking in a way that contributes to a sustainable future,” said William Miller, CEO of OkayCoin. “Our users are not just earning rewards—they are actively supporting blockchain networks that minimize energy consumption.”

Why Green Staking Matters:

With growing scrutiny over the energy-intensive practices of traditional Proof-of-Work (PoW) systems, cryptocurrencies that rely on PoS mechanisms are increasingly viewed as viable alternatives. OkayCoin’s Green Staking Initiative enables investors to grow their assets while supporting eco-conscious blockchain projects that align with global environmental goals.

Staking Plans Tailored for Beginners and Experts Alike:

  • Free Trial Liquid Staking: For anyone; requires USD 100 investment and pays USD 1.00 daily. The plan is for one day with minimal risk to try out staking.
  • Ethereum Liquid Staking: For Ethereum enthusiasts; pay USD 6.00 daily for one day with USD 300 investment.
  • Polygon Liquid Staking: Three days staking with USD 8.00 daily, a total of USD 24.00 for USD 800 investment.
  • TRON Liquid Staking: Stake $1,200 for 7 days. Yield per day is $12.00, total reward is $84.00.
  • Polkadot Liquid Staking: Invest $3,000 for 7 days and get daily rewards of $33.00 totaling $231.00.
  • Celestia Liquid Staking: 14 days of staking with a daily reward of $72.00 each day, a total of $1,008.00 for a $5,000 investment.
  • Aptos Liquid Staking: Investors can stake $10,000 for 15 days and get $140.00 daily, a total of $2,100.00.
  • Sui Liquid Staking: 15-day scheme, sold for $20,000 but daily rewards are $280.00, a total of $4,200.00.
  • Avalanche Liquid Staking: Investors can invest up to $35,000 for 20 days and get $525.00 daily, a total of $10,500.00.
  • Cardano Liquid Staking: 30 days staking, invest $56,000 and get $896.00 daily, a total of $26,880.00.
  • Solana Liquid Staking: Another 30 days option, invest $78,000 and get $1,404.00 daily, a total of $42,120.00.
  • Ethereum Liquid Staking Pro: High-tier plan of $100,000 for 45 days will get $2,000.00 daily, a total of $90,000.00.

Newcomers can get started with simple, low-commitment staking plans while contributing to a greener crypto ecosystem. With a $100 welcome reward, new users have the opportunity to explore staking without upfront financial risk.

About OkayCoin

OkayCoin is a trusted leader in the cryptocurrency space, offering secure and user-friendly staking solutions for both novice and experienced investors. Known for its transparency, security, and scalability, the platform is dedicated to promoting sustainable blockchain solutions through its Green Staking Initiative.

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Industry Heavyweight Asymmetric Research Enters the Stacks Ecosystem As Core Security Contributor and Signer For sBTC

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Today, the Stacks Foundation announced that leading security firm Asymmetric Research has joined the Stacks ecosystem as a security contributor to the leading Bitcoin L2. The team is already making significant contributions to the ecosystem, acting as an embedded security team during their audit of the upcoming sBTC asset and joining the Stacks signer network through our delegation program.

Asymmetric has a proven track record of securing some of the industry’s most prominent protocols. It is the security partner for leading bridge Wormhole, Jump Crypto, several top DeFi projects, and leading protocols such as Solana, Cosmos, Berachain, and others. Asymmetric is also a core contributor to Solana’s highly anticipated new validator client, Firedancer.

Signers play a critical role in the Stacks network, securing the deposit and withdrawal process between BTC and sBTC, ensuring a seamless and secure transfer of BTC to the Bitcoin L2 ecosystem. Asymmetric will join other industry leaders in supporting the network and overall security of sBTC, including BitGo, Blockdaemon, Copper, Figment, Kiln, Luganodes, Chorus One, and more than 30 other institutional node operators, making the Stacks Signer network the most robust in the Bitcoin ecosystem.

The release of sBTC, expected in Q4 of this year, will offer developers a trust-minimized, decentralized, programmable Bitcoin asset. The asset is 1:1 Bitcoin-backed and will allow developers to leverage the security, network effects, and 1.2T in latent capital of the Bitcoin network. Among other use cases, sBTC will enable more secure forms of Bitcoin DeFi which is expected to be a major catalyst in activating the Bitcoin economy.

For any project, layers of security are crucial, and Asymmetric Research represents one more major addition to Stacks’ overall security program. This program already includes sBTC’s decentralized network of validators/signers (removing the need to entrust a single entity and mitigating counterparty risk) and sBTC’s design to include 100% Bitcoin finality, securing sBTC at the consensus level of a $2.5 billion network.

In addition to numerous audits, including Asymmetric Research’s audit efforts, other initiatives this year have added to a well-rounded approach to Stacks security. This includes direct and ongoing testing with the aforementioned leading Signers, the onboarding of Hypernative, the emergence of a dedicated whitehat security program, a consultation agreement with the Staking Defense League, an ongoing Immunefi bug bounty program, and dedicated Stacks Foundation Residents focused exclusively on fuzz and penetration testing throughout 2024.

“The value of building on Bitcoin comes down to security. It’s not enough to simply build on Bitcoin— ecosystems must prioritize securing activity at all layers as we collectively look to unlock the Bitcoin economy. With Asymmetric Research, the Stacks ecosystem is adding yet another high-caliber entity to the mix of industry leaders collaborating to make sBTC the best version of programmable sBTC available. Stacks core developers and Asymmetric share a commitment to protecting users and developers, and in addition to being a match in technical pedigree, are culturally aligned groups that will enhance each other’s thoughtful and rigorous approaches.” Mitchell Cuevas, Executive Director at The Stacks Foundation said.

Jonathan Claudius, Chief Executive Officer at Asymmetric Research added, “Asymmetric Research is proud to participate in the Stacks ecosystem as it pioneers trust-minimized, decentralized assets like sBTC.”

Please join us in welcoming the Asymmetric Research team to the Stacks Ecosystem, and look out for more information in the coming weeks about how you can engage with the work they will be doing.

About Stacks

Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The 2024 Nakamoto and sBTC releases will bring faster speeds and transactions backed by 100% Bitcoin finality. ‍Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $500B in passive capital as a fully programmable, productive asset. The Stacks (STX) token, used as gas on the L2, was the first to undergo an SEC-qualified sale in the United States. The project explicitly decentralized with the mainnet launch in 2021. In the Stacks ecosystem, there are currently 30+ contributing entities including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and more.

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Limited-Edition $DOG Plushies to Launch on October 19, 2024, Bridging Digital and Physical Collectibles

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$DOG of Bitcoin announces the release of its limited-edition $DOG Plushie, set to launch on October 19, 2024, an occasion now being called “$DOGTOBER 19.” These collectible plush toys provide fans and newcomers with a tangible connection to the $DOG ecosystem, bridging the digital world of cryptocurrency with a physical collectible designed for both enjoyment and community engagement.

This exclusive collection, featuring 100,000 individually serialized plushies, will be available globally on launch day. Each plushie will wear one of three hoodie colors—Common, Uncommon, or Rare, each inspired by milestones in $DOG’s journey within the Bitcoin blockchain. This release aims to offer fans a unique, tangible keepsake while marking $DOG’s entry into physical products, a move that distinguishes it within the cryptocurrency landscape.

In addition to being a collectible, the $DOG plushies come with exclusive benefits for holders. Owners will gain entry to the $DOG Millionaire Raffle, where they have the chance to win up to 10 million $DOG tokens, currently valued at over $100,000. The first 1,000 buyers will also receive a complimentary Ordinals Profile Picture (PFP) NFT. As part of its community-focused mission, $DOG of Bitcoin will donate 10% of plushie sales to children’s orphanages and dog shelters.

The $DOG project, which launched after the activation of the Runes Protocol on Bitcoin, distinguishes itself through its fair distribution model, releasing all 100 billion tokens to holders of Runestone Ordinals NFTs. This upcoming plushie release further establishes $DOG’s presence both on-chain and in the real world, reinforcing its commitment to innovation and community engagement within the Bitcoin space.

Plushies will be shipped worldwide, allowing collectors and fans to connect with the $DOG brand wherever they are. For further information about the $DOGTOBER 19 launch and to purchase, visit the official $DOG shop.

About $DOG of Bitcoin

$DOG of Bitcoin is a pioneering meme coin project launched on the Bitcoin blockchain following the activation of the Runes Protocol. The project is designed with a strong commitment to fairness and decentralization, distributing its entire supply of 100 billion $DOG tokens to holders of Runestone Ordinals NFTs. As the first meme coin to establish itself on the Bitcoin network, $DOG of Bitcoin aims to foster a community-driven ecosystem that celebrates Bitcoin’s principles while engaging fans through unique initiatives. With its innovative distribution model and community-focused values, $DOG of Bitcoin is setting new standards within the meme coin space, offering both digital and physical connections to its growing community.

For more information, users can visit https://dogofbitcoin.com.

Social Media:

X: https://x.com/DogOfBitcoin
Instagram: https://instagram.com/DogOfBitcoin
TikTok: https://tiktok.com/@dogofbitcoin

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Unlocking the future of Ethereum staking: SafeStake’s private mainnet emerges

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SafeStake’s Ethereum staking just went stealth mode

SafeStake, the pioneer in decentralized Ethereum staking, has just has kicked off with its Private Mainnet, marking a game-changing moment in the crypto world. After the wild success of its Holesky Testnet, SafeStake is setting the stage for the next chapter in secure and decentralized staking. But this isn’t just another launch— a teaser for the next chapter of Ethereum staking.

Exceptional performance and community engagement: The road to mainnet victory

From January to September 2024, SafeStake’s Holesky Testnet brought together a large group of operators, offering valuable insights into the network’s overall performance. A key success factor was the sustained engagement of these operators, who ensured rigorous testing of SafeStake’s system. Operators who maintained an average performance score of 80% or higher were selected to be part of the Private Mainnet, reinforcing SafeStake’s commitment to reliability and excellence. The testnet phase also played a crucial role in establishing a strong foundation for the future of Ethereum staking.

We are thankful to all the individual and institutional entities on board that continue to rely on SafeStake to help decentralize Ethereum Staking.

DVT: The Superpower behind SafeStake’s secure staking

Ever wondered what makes SafeStake tick? Meet Distributed Validator Technology (DVT)— the driving force of our security. Designed to mitigate single points of failure, DVT enhances the security, resilience, and decentralization of Ethereum staking operations. SafeStake’s unique implementation of DVT has proven itself through successful testing, particularly in collaboration with Lido, one of Ethereum’s leading staking providers. This collaboration further validated SafeStake’s ability to integrate seamlessly into Ethereum’s broader staking landscape while setting a high bar for security and efficiency.

Ready to join? Be a top performer to earn a spot on the private mainnet

Operators who actively participated in the testnet for more than six months have been whitelisted, and those selected will benefit from several incentives, including DVT token rewards and access to a private communication channel.

TL;DR

  • Private Mainnet Access: https://eth.safestake.xyz/
  • SafeStake Platform: https://safestake.xyz/
  • Operator Onboarding Guidelines: https://github.com/ParaState/SafeStakeOperator/blob/main/docs/safestake-running-an-operator-node.md
  • Latest Mainnet Node Release: https://github.com/ParaState/SafeStakeOperator/releases/tag/v3.4.0-mainnet

SafeStake campaigns and rewards overview. From stealth to public

The Private Mainnet is just the beginning. As it moves closer to launching its Public Mainnet, several campaigns and incentive programs are designed to reward both current and new participants within the Ethereum staking community.

Mainnet Validator Incentive Program (VIP) SafeStake Validator Incentive Program (VIP)
SafeStake has introduced its VIP program for validators who have actively participated in the testnet phase. Operators who demonstrated consistent performance of over 80% are now whitelisted for the Private Mainnet, with DVT token rewards available to those who contributed to the stability and growth of the network.

  • Whitelist Details: Validators selected will receive ongoing DVT token incentives and access to exclusive resources like private Discord channels for communication and updates.
  • Mainnet Validator Incentive Program
  • SafeStake Incentive Program for Professional Operators and Mainnet Validators

Referral Program
SafeStake has launched a Referral Program that offers rewards for inviting new validators to the platform. This creates a mutually beneficial cycle where both referrers and newcomers receive incentives for their participation.

SafeStake Road To Mainnet Campaign
SafeStake is running a Zealy campaign to engage the community with quests and challenges, allowing participants to earn additional rewards by completing tasks and contributing to the project’s growth.

  • SafeStake Questboard on Zealy
  • SafeStake Quest
  • SafeStake Road to Mainnet Campaign Announcement

This campaign allows users to complete tasks and quests, earn rewards, and actively contribute to the SafeStake community.

Ready to join? Be part of SafeStake’s revolution

Here’s how you can join:

  • Private Mainnet Access: https://eth.safestake.xyz/
  • Operator Onboarding Guidelines: https://github.com/ParaState/SafeStakeOperator/blob/main/docs/safestake-running-an-operator-node.md
  • Latest Mainnet Node Release: https://github.com/ParaState/SafeStakeOperator/releases/tag/v3.4.0-mainnet
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Hashnote brings USYC to the Canton Network to offer the first tokenized money market fund with built-in privacy

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Hashnote, the on-chain first digital asset manager backed by DRW and Cumberland, and Canton Network, launched by Digital Asset in collaboration with more than 30 financial industry leaders, announce that Hashnote’s yield-bearing US Yield Coin (USYC) is now available on the Canton Network. USYC on Canton benefits from the network’s unique privacy properties, enabling USYC holders to hold and deliver collateral across the Canton Network without anyone other than the issuer and the holder knowing.

“What particularly stands out for us, and for many of our clients, is the privacy of your assets and transactions when using Canton, which can be crucial for trading use cases. The setup allows us to reduce counterparty and settlement risks and optimize capital efficiency without sacrificing privacy. Furthermore, USYC is fully composable on the Canton Network, so participants can create additional utility around USYC by including it in their trading, cash, and risk management workflows,” said Leo Mizuhara, Founder and CEO of Hashnote.

Hashnote’s USYC invests in reverse repo activities on government-backed bonds. It is designed to offer tokenized short-term risk-free rate returns, leveraging the benefits of rapid on-chain transaction speed, transparency, and composability. USYC’s AUM is at $300 million and growing (https://usyc.hashnote.com/). The Canton Network’s Global Synchronizer allows risk-free and privacy-protected value exchange across apps in the Canton Network via atomic transactions.

“Access to tokenized real-world assets on-chain has been steadily on the rise and we are now seeing demand from institutional investors who want to utilize these assets across daily margin, cash, and risk management activities,” said Eric Saraniecki, Co-Founder and Head of Network Strategy at Digital Asset. “Privacy is required to make this a reality, unlocking cash equivalents for use as collateral 24/7, in real-time, and connecting Hashnote’s customers to the largest and most diverse network for tokenized real-world financial assets.”

Hashnote is one of the early movers leveraging Digital Asset’s Canton asset tokenization utility, enabling firms to securely and quickly bring digital assets to institutions connected on the Canton Network. The utility provides an asset registry application with out-of-the-box smart contracts to create tokenized assets with embedded privacy, and a credential management capability to onboard investors, manage permissioning, and ensure direct investor ownership and control over assets.

The Canton Network’s Global Synchronizer implements an economic model centered around Canton Coin, a native utility token. Apps that provide value to the Canton Network can earn and mint their own rewards. Hashnote is one of the first apps approved by the Global Synchronizer Foundation to be able to mint Canton Coin via application rewards, and USYC holders on Canton can earn validator rewards when interacting with USYC on the Network.

About Hashnote:

Hashnote is the world’s premier on-chain asset manager, employing the best parts of blockchain technology with the most trusted parts of traditional finance. Hashnote delivers transparent, secure, and simple on-chain investments to institutional and high-net-worth investors. Hashnote’s principals are professionals with a combined 50+ years in traditional finance/banking, options trading, software engineering, and blockchain technology at global trading and investment companies. Hashnote builds what finance will look like in ten years.

Hashnote is built with the support of DRW Holdings, one of the largest and most respected trading firms in the world, and Cumberland, the first and biggest institutional crypto OTC liquidity provider.

About Canton Network:

The Canton Network is the financial industry’s first and only public chain that can achieve on-chain privacy, control, and interoperability, making it the most suitable network for institutional assets. The Network launched for testing with the participation of a group of leading financial institutions, infrastructure providers, technology firms, and consultants in August 2023. Initially built upon Digital Asset’s technology, the Network’s controls, governance, and app development have been open-sourced and decentralized to be managed by all participants, with the goal of fostering greater innovation and Network utility. The Canton Network’s design overcomes the shortfalls of existing blockchain networks by enabling previously siloed systems in finance to become interoperable and synchronized in ways that had been impossible before. Offering the privacy and controls required for highly regulated organizations, the Canton Network creates a safe environment in which assets, data, and cash can move freely across applications in real time, unlocking new efficiencies and powering innovation.

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Invest in your travel experience and more with DeTrip

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DeTrip Network is reshaping the travel industry by introducing a Web3 platform tailored for crypto enthusiasts. Imagine platforms like Booking, Trip, Expedia, or Hotels—but with a crypto-friendly twist. DeTrip currently offers access to over 2.5 million hotels worldwide and accepts payments in more than 160 cryptocurrencies, including BTC, ETH, USDT, and USDC. For those who prefer traditional methods, it also supports over 16 fiat payment options like Visa, Mastercard, Alipay, WeChat Pay, Apple Pay, and Google Pay.

Price-conscious travelers will be pleased to find that DeTrip often provides significant savings compared to major booking platforms. In many European cities, DeTrip’s hotel prices are generally 10-25% cheaper, frequently outperforming competitors like Booking.

Earning While Booking

What sets DeTrip apart is its generous cashback program. The platform offers up to 5% cashback on any booking made through its service. For instance, if you book a three-night stay in Amsterdam for €500, you’ll receive €25 worth of cryptocurrency as a reward. These cashback rewards are distributed in stablecoins like USDC, the MoFi token, and other tokens from premium partners.

The flexibility doesn’t end there. Travelers can use these tokens to pay for future bookings, offering more versatility than traditional hotel loyalty points. Unlike conventional point systems that lock you into a specific platform or hotel chain, DeTrip’s crypto rewards can be traded on secondary markets or held as an investment, potentially increasing in value over time.

A Glimpse into the Future

The DeTrip team has hinted at exciting developments on the horizon, including but not limit to anonymous booking, hotel listing feature, P2P payment etc. Originating from the MobiFi project, they currently utilize the $MoFi token as part of their rewards system. However, plans are underway to introduce a new token designed to better fit their expanding ecosystem. Unverified sources suggest that this new token will not only enhance the value of the current $MoFi token—allowing for a 1:1 swap for existing users—but also create broader utility within the travel industry.

Accolades and Recognition

DeTrip’s innovative approach hasn’t gone unnoticed. The team recently received two prestigious awards at the ETHGlobal Hackathon in Brussels: the Best ZK dApp from Polygon and the Most Creative Use Case from Worldcoin for their unique anonymous booking solution.

Conclusion

Traveling doesn’t have to drain your finances anymore. With DeTrip, you can explore the world while earning crypto assets, turning your travel expenses into potential investments. As the platform continues to evolve, it stands poised to offer even more value to travelers worldwide.

About DeTrip

Web3 Travel platform that maximizes your wallet value

Website: https://detrip.network
X (twitter): https://x.com/DeTrip_Network
Telegram: htttps://t.me/detrip_network
LinkedIn: https://www.linkedin.com/company/detrip/

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Elixir Games Announces $KIDEN IDO Launch for Third Person Adventure Shooter RoboKiden

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Elixir Games today announced the Initial DEX Offering (IDO) for $KIDEN, the official token of the RoboKiden ecosystem. The IDO is set to launch on September 30th, 2024, offering players and fans an opportunity to participate in the game’s economy and enhance their gaming experience.

RoboKiden is an innovative blockchain-based game where $KIDEN serves as the core token and in-game currency. Players use $KIDEN to purchase lootboxes containing NFTs of varying rarities, which can be used in battles to earn more $KIDEN as rewards.

“The $KIDEN token empowers RoboKiden players to fully engage with our Web3 ecosystem, enhancing gameplay and rewards, including unique assets that change the gameplay experience,” said Carlos Roldan, CEO and founder of Elixir Games. “This IDO is a pivotal step in our commitment to innovative, player-driven gaming experiences.”

As the lifeblood of the RoboKiden ecosystem, $KIDEN empowers players to access various in-game features, acquire NFTs from the marketplace, and enhance their gaming experience. This symbiotic relationship between the game and its token offers players strategic depth, exciting progression opportunities, and the ability to build valuable, dynamic asset collections, enriching the overall gameplay.

Key features of $KIDEN include:

  • In-game Progression: Upgrade weapons, skills, and bots, and unlock new capabilities like emotes, kill bands, and more.
  • Earn Free NFTs: Complete daily quests and advance through the season pass to earn $KIDEN and unique skins.
  • NFT Store: Purchase NFTs directly from the in-game store, equip them, and use assets to farm $KIDEN while playing.
  • Deflationary Mechanism: In every game, 2.5% of the $KIDEN tokens in circulation are burned, helping to maintain a balanced token economy.

IDO Participation Details

To participate in the $KIDEN IDO, users will need to hold a role within Elixir Games. Each role provides different levels of access and benefits within the Elixir Games platform. The IDO will be conducted in multiple rounds:

  • Tier Holders Round: 300,000 USD available for allocation, guaranteed for verified accounts with minimum staking tier
  • NFT Holders Round: For Elixir Flask NFT Holders, with minimum participation and maximum allocation
  • Tier Holders FCFS Round: If tokens remain, allocations multiplied by a factor (usually x3 or x5)
  • Public Round: Open to all users with approved Elixir account and KYC

To participate in the IDO, users need to create an Elixir account and complete the KYC process.

For more information about the $KIDEN IDO and to participate, visit https://elixir.games/launchpad/kiden.

About Elixir Games:

Elixir Games stands at the forefront of the game distribution industry, with a strong focus on developing Web3 gaming infrastructure. Committed to innovation and excellence, Elixir Games has emerged as a leader in the gaming sector, consistently prioritizing player-centric experiences.

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Web3 Social Phaver Launches $SOCIAL Token to Power the Creator Economy of the future

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Phaver, the leading multi-protocol Social app on Lens Protocol and Farcaster, has announced the much-anticipated launch of its token Phavercoin, carrying the easy-to-understand ticker $SOCIAL. With over half a million users, Phaver is the first mature app in the ecosystem to launch a native token. Premarket is now live on Aevo, with spot listings across exchanges next week.

Phaver’s native token $SOCIAL is designed to capture and redistribute value in a meritocratic manner to those who actually create it, the users. Phaver envisions a future where creators can natively monetize, and users are both owners and beneficiaries of their valuable social graph.

To combat the swarm of bots and multi-account farmers that often plague crypto projects and social apps alike – Phaver has validated all the Airdrop recipients based on a privacy-safe facial scan or the credibility of their wallet content, resulting in an audience of genuine users. And while the early adopters receive a 4% Phairdrop on Base during the TGE, an additional 25% of the token reserved for monthly Points-to-Tokens redemptions, ensuring both early users and newcomers remain engaged and fairly rewarded for their contributions.

Social media is one of the few clear value exchanges in the internet world: Creators, curators, and moderators create value for the audience, and the audience’s attention and admiration are also valuable. This means that, unlike many x-to-earn models, it’s actually possible to create a long-term sustainable token economy in SocialFi, which rewards those creating value and monetizes attention, premium content, and the desire for additional visibility or premium features in a way that can scale and prosper without the “ponzinomics” still prevalent in crypto, said Joonatan Lintala, CEO and co-founder of Phaver.

The $SOCIAL token will be tradeable on multiple exchanges such as Bybit, starting September 24th, with multiple launchpool opportunities to earn additional tokens. Phaver has also launched its second NFT collection, the Cred Passes, which are mintable on OpenSea until TGE, providing the most efficient way to reach and hold higher Levels on Phaver, unlocking more tokens in the monthly redemptions for next month and onwards.

Phaver’s unique approach to social media combines the best parts of Decentralised Social (DeSoc) and SocialFi. Phaver’s Supergraph enables free and seamless posting on both Lens and Farcaster, which, as decentralised protocols, help users to back up their social graph and content in places where they own it, ensuring they are never at the mercy of individuals, companies, or governments deleting their accounts. SocialFi, in turn, offers a novel way to gamify the experience,making it faster and easier to grow an audience, while fairly rewarding the best contributors with real value, not just exposure or Karma.

After building the DeSoc features and becoming the largest app on Lens and the largest 3rd party app on Farcaster, Phaver is doubling down on SocialFi following the token launch. Soon, users will enjoy gasless experiences using $SOCIAL inside the mobile app, featuring a built-in wallet for use cases such as tipping, gated content, gamified boosts, and item collection. Near-future updates also include a Web3-era ads model in partnership with Spindl, where users opt-in, get rewarded with Points, and can get a revenue share from sharing the Frames-based ads to their followers, privacy-safe wallet-based targeting and no invasive tracking. Furthermore, Phaver Perks will unlock numerous partner benefits from airdrops to discounts to Phaver’s validated users.

Phaver will also continue expanding the collection of native utility NFTs, which play a key role in the ecosystem and offer users ways to not only pay service fees, but also own and trade tangible assets that provide the same benefits.

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