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ICOs Offload ETH and Downsize to Survive

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Crypto Expected

Having belatedly realized that the crypto market may have further to drop, and that staying all in ETH could be fatal, tokenized projects have begun cashing out and cutting costs. Some, such as Aragon, have shown prudence in their treasury management, maximizing capital through smart cryptocurrency acquisition and liquidation. This week, the project sold $1.5 million of cryptocurrency, including $1 million of ETH, and has sought sanctuary from market volatility by taking out a 1 million loan of DAI, Maker’s ETH-collateralized stablecoin.

Other tokenized projects have not been so fortunate or astute at balancing their budgets however. In addition to Aragon, over 100,000 in ETH has been sold by ICOs in the past week in a belated attempt to stem diminishing funds. A number of projects have also begun to lay off staff, including Steemit, which is shedding 70 percent of its workforce. In a blog post, Steemit CEO Ned Scott attributed the move to “the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes.” He added:

I would like to thank all of our employees and contractors for their months and years of dedication and hard work. It is incredibly difficult to part with these great people who I have gotten to know well and respect.

Blockchain

Xpence: Innovative cryptocurrency wallet with pharming capabilities

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Xpence is a cryptocurrency wallet that not only provides secure storage and management of assets, but also provides unique opportunities for earning money using pharming. Cryptocurrency farming is a process where users can register their assets on the platform and earn profits in the form of interest over a certain period of time. Xpence offers two types of farming, each of which has its own characteristics and advantages.

Farming for Xpence: Opportunities and Advantages

First type of farming: Duration 10 days

This type of pharming allows users to earn profits within 10 days. The range of possible profits is from 43.5% to 45.9% per month, which represents a significant return in a short period of time. This type of farming is ideal for those who prefer to receive fast and high profits in a short period of time.

Second type of pharming: Duration 90 days

For those who prefer longer-term investments, Xpence offers farming with a duration of 90 days. In this case, users can expect a profit range of 51% to 51.66% per month. This type of farming provides more stable and predictable income over a longer period of time, which can be attractive to investors seeking long-term profits.

Advantages of farming for Xpence

  • High Returns: Both types of farming offer a high range of returns, making them attractive to investors looking to maximize the return on their assets.
  • Variety of Choices: Users can choose between short-term and long-term farming depending on their investment goals and preferences.
  • Transparency and reliability: Xpence provides transparent pharming conditions and guarantees the safety of users’ assets, making it a reliable choice for investment.

Conclusion

Farming on Xpence opens up unique opportunities for users to make money on cryptocurrency assets. With a variety of options and high returns, these instruments provide an attractive solution for those seeking to effectively manage their cryptocurrency investments. However, it is important to be aware of the risks associated with investing and make informed decisions based on your own financial goals and circumstances.

https://xpence.io/

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Virtual Society Foundation Launches to Create a Decentralized Open Metaverse Network

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Today marks a pivotal moment in the evolution of the digital landscape as the Virtual Society Foundation (VSF) announces its official launch, accompanied by plans to establish a unified and open metaverse utilizing cutting-edge blockchain technology.

VSF is an independent organization initiated by Improbable, a British start-up that has been at the forefront of building virtual worlds for over a decade. VSF has secured initial funding from MSquared, an ecosystem of interoperable metaverses. The foundation’s mission aligns closely with the vision of Improbable and MSquared, aiming to realize an open, community-driven network of metaverses.

The Foundation’s Vision:

Envisioning a future where a vibrant creator economy flourishes, the Virtual Society Foundation is building toward an open and interconnected metaverse ecosystem where the creator economy can thrive. Underpinning this vision is a commitment to establishing universal standards that facilitate seamless interoperability of avatars, digital and crypto assets across diverse metaverse experiences. This endeavor promises not only an enhanced user experience but also an abundance of opportunities for imaginative individuals, ushering in a new era of digital interaction and creativity.

In pursuit of its mission, the Foundation is committed to:

  • Researching and developing blockchain technology and protocols conducive to an open, interoperable network of metaverses.
  • Providing financial support to projects aimed at nurturing the metaverse ecosystem.
  • Collaborating with like-minded organizations and foundations to establish open standards for the metaverse.
  • Advocating for the widespread adoption of metaverse technology.

In a statement announcing the foundation’s launch, Paul Thomas, founder of VSF, emphasized the collaborative and inclusive nature of the foundation’s mission, stating, “The coming decade will witness a profound transformation in online interaction and creation. We envision this as a communal endeavor, owned by all, rather than controlled by a select few mega-corporations.”

The construction of an open metaverse network demands collective action shared between a diverse community of creators, instead of a private venture controlled by a small group of stakeholders. Hence, VSF was established as an independent nonprofit, supported by Improbable, MSquared, and other strategic partners, ensuring that development of this new paradigm remain transparent and inclusive.

Backers and Collaborators:

In 2022, Improbable raised $150 million in funding from prominent investors, including a16z crypto, SoftBank, Mirana Venture, CMT Digital, and SIG to establish MSquared, a network of interoperable metaverses powered by its Morpheus technology. Morpheus has facilitated high-density social interactions in virtual spaces and helps major brands create deeply immersive and interactive metaverse experiences.

MSquared has successfully powered massive social experiences that tens of thousands of users can enjoy together, including an official virtual ballpark with the Major League Baseball (MLB) organization in the US and concerts with Kpop musicians like TWICE.

The Path Ahead:

VSF’s flagship project, Somnia Network, represents a significant milestone in the journey toward a unified metaverse. As an L1 blockchain and omnichain protocol suite, Somnia Network promises to unite diverse metaverse experiences within the same framework. The imminent launch of Somnia Network and Betanet signals the beginning of a transformative journey toward decentralization and universal accessibility.

For more information, visit https://virtualsociety.foundation/

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Significant Event in the Crypto Industry: Bitcoin Hits All-Time High, Hasbix Prepares for Rebranding

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27.03.2024 – Bitcoin, the leading cryptocurrency in the world, has recently reached an all-time high, marking a pivotal moment for the entire crypto industry. This development not only underscores the growing importance of cryptocurrencies but also confirms their influence on global financial markets.

With Bitcoin reaching a new historic peak, it attracts attention from both seasoned investors and newcomers interested in cryptocurrencies. Its growth signifies not only an increase in the value of cryptocurrencies but also provides unique investment opportunities for users worldwide.

In light of these events, Hasbix, your reliable partner in the world of cryptocurrencies, is preparing for a significant change. In the near future, we will initiate the process of rebranding, emphasizing our constant commitment to innovation and improving services for our users.

HBX is not just a new name; it’s a new stage in the development of our platform, which encapsulates Hasbix’s years of experience in ensuring secure and efficient cryptocurrency operations. The new brand underscores our commitment to advancing and refining our service for our users.

One of the key changes accompanying our rebranding is the enhancement of the user interface. We constantly strive for the convenience and intuitiveness of our platform, and transitioning to HBX allows us to reach new heights in this regard. Now, customers can expect an even more user-friendly and efficient use of our exchange.

Furthermore, we would like to highlight the significance of cryptocurrencies in the modern world. Bitcoin, the most popular and widely used cryptocurrency, has truly revolutionized our financial system. Its emergence has led to new opportunities for financial transactions, investment stimulation, and financial innovation. We see cryptocurrencies becoming increasingly integrated into everyday life, and Hasbix is proud to play a key role in this process, providing a safe and convenient place for cryptocurrency exchange for all our customers.

Our transition to HBX is not just a new name; it is a demonstration of our commitment to continuous improvement and innovation. We are confident that our users will appreciate the new level of convenience and security that we bring to them with this rebranding. Thank you for your support and trust.

For additional information and registration on the HBX platform, please visit our website at hasbix.com

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Altcoins

AI project Dtec token announces reaching USD 2 million in seed round and going for pre-sale in April

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Dtec token, the native payment project of Dtec Technology, an artificial intelligence ecosystem, announced that it has reached USD 2 million in Seed round and will be holding their pre-sale in April.

Dtec is a project that claims to take driving experience in vehicles to the next level with its software that consists of its native modules and innovative technology in the field of artificial intelligence. The software enables driver to manage both the vehicle and all IoT devices connected with voice commands on the go. At the same time, the software’s artificial intelligence has an autonomous learning feature that uses driver’s data and environmental information. Thus, it can make predictions and take useful actions without requiring voice commands.

Dtec token; As a reward mechanism for in-vehicle data sharing, provides utilities such as the ability to purchase AI services within the App and to use electric charging stations for free or with priority.

The project, which is at the end of the Seed Round, announced that it will enter the private sale process in the first week of April and will be listed on tier 1 exchanges in May. At this point, exchanges such as bitget and bybit are being discussed.

Dtec CTO said, “Dtec artificial intelligence vehicle assistant software is a project that has been developed for 8 years and has received government support. Now we are integrating this software with the blockchain world and incentivizing data sharing with dtec token payment. Unlike all other projects, ours is an ecosystem which is completely ready and available for retail sale and use. We are also in talks with some of the world’s leading automotive companies.”

For more information on this project that brings together the automotive industry and artificial intelligence;

Twitter: https://twitter.com/DtecToken
Telegram : https://t.me/DtecTokenChat
Website Main: https://dtec.space

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Blockchain

Monitok Unveils Points program to promote self-custody between crypto users

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Vilnius, Lithuania, March 18, 2024Monitok, a next-gen self-custodial exchange that combines features of both decentralized and centralized trading platforms, recently announced its Monitok rewards program. To celebrate their new project’s launch, the team is giving away 10,000,000 points. This announcement further hints at a future token airdrop from the pool of 100,000 USD worth of cryptocurrencies.

Joining the Monitok waitlist provides participants with a unique referral link, which they can use to earn Monitok points by sharing it and referring their contacts. These 10,000,000 points are not only transferable across different incentivization campaigns within Monitok, but can also be accumulated through active engagement with the project. These points represent a potential future investment, as they can be converted into MNT tokens upon launch.

What is the objective of the campaign?

At the core of Monitok’s referral campaign is the goal to create a strong community of people who share a vision of one of crypto’s main principles: ownership of assets.

How to join?

  1. Sign up to the Monitok waitlist
  2. Receive a personalized referral link
  3. Invite friends, family, and followers to join the waitlist 
  4. The more people you invite, the more Monitok points you accumulate, which will be convertible into MNT tokens after the token’s launch

 

MNT tokens are a cornerstone of the Monitok ecosystem, designed to facilitate transactions, reward participation, and encourage investment within the platform. Additionally, users can acquire MNT tokens through active engagement with the app. Furthermore, MNT tokens can be utilized for payments or to obtain discounts on services, access premium features, or generate yield through staking.

“Our mission is to fill up the gap between DEX and CEX by inviting more people to embrace self-custody. “

Why Participate?

. By joining the waitlist and participating in the referral program, members can:

  • Gain early access to the app: Secure early access to the platform and take advantage of its benefits.
  • Split 10,000,000 Monitok points with fellow participants: Gather Monitok points, by engaging with the community and platform.
  • Secure a spot in $100,000 worth of MNT token airdrops: Convert your points to MNT tokens during airdrops.

 

To ensure a fair and transparent experience for all participants, Monitok has meticulously prepared the terms and conditions of the referral program. These guidelines define the dos and don’ts of the referral process, ensuring a rewarding and enjoyable campaign for all.

About Monitok

Monitok, established in 2022, is a hybrid crypto exchange with self-custody as its key feature. As the first hybrid crypto exchange built on the Arbitrum Network, Monitok is committed to helping users trade smarter by providing a secure, one-stop-shop crypto trading solution. The platform enables users to manage their assets in self-custodial wallets and access the best token rates by aggregating over 100 decentralized exchanges. Additionally, it provides easy fiat on and off-ramps and plans to launch a crypto debit card. Through its referral program, Monitok encourages the adoption of self-custodial trading, rewarding members for their support.

For more information, visit:
Website | Twitter | LinkedIn | Discord | Telegram

Or contact: [email protected]

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Blockchain

AvaxTech Passes SolidProof Smart Contract Audit, Enhancing Safety for Avax Investors

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The AvaxTech project has recently passed a smart contract audit by the well-respected SolidProof. This milestone adds to AvaxTech’s already impressive track record of providing valuable products for the Avax chain.

The project aims to enhance safety for Avax investors and promote secure investments in the ever-evolving digital landscape. With its team of experts, AvaxTech provides reliable analysis and information for investors.

AvaxTech’s Impact on Avax Ecosystem

The spirit of AvaxTech is to support the Avax community by providing reliable tokens through their products. Monk, the project’s developer, has an extensive background in the cryptocurrency world.

He has worked on over 100 projects related to product development and idea consultancy. Monk’s expertise includes developing bots used by thousands on Telegram, providing Web3 Dapp platforms, and smart contract audits. Many recognize him for his work on meme coins, which he still actively supports.

Monk has now turned his focus to the Avax blockchain and established AvaxTech with the development team. He leads the team in creating and supporting products and platforms for Avax. As a voluntary supporter, Monk offers information support to developers and companies looking to develop on Avax.

Impressively, AvaxTech has detected over 2,000 scam tokens on the Avax blockchain since November 2023. This has raised awareness among thousands of investors and aided in creating a safer ecosystem.

The recent completion of the smart contract audit for AvaxTech by SolidProof further solidifies their reliability. This project lets almost the entire Avax community access trustworthy tokens and trading tools.

How AvaxTech Promotes Secure Investments

The AvaxTech ecosystem features multiple tools to assist investors in making secure investments within the Avax blockchain. One of these tools is the Analyzer Platform, which provides users with an easy-to-read dashboard for all their analysis needs.

This includes analyzing token addresses and wallets for any suspicious activity. It also involves accessing vital information such as market cap, liquidity ratio, risk for honeypot systems, transaction taxes, and more.

All of this information comes from AvaxTech’s impartial third-party engine, giving users a reliable source for project analysis. It is pretty much like having an ID card for a project. This makes it easier for traders to evaluate the potential benefits and risks.

With AvaxTech’s Telegram Analyzer Bot, users can scan for suspicious activity directly through the messaging app. This technology enables quick and easy monitoring of investments on the go.

Furthermore, AvaxTech offers tools such as the New Pair Channel and New Lock Channel on Telegram. The latter can be useful for alerting users to new pair listings and LP lockings in real time.

Lastly, with the Telegram Live Trending feature, users can easily spot trending Avax tokens and gain insights on potential investments. Together, these products make up AvaxTech’s suite of tools promoting secure and informed investments in Web3.

About AvaxTech

AvaxTech is a company founded in November 2023 with the goal of developing products for the Avax chain. With its first product, the Telegram analysis bot @AvalancheAnalyzerBot, AvaxTech gained a wide audience.

The platform has also been pivotal in protecting Avax token investors by detecting 96% of SCAM Tokens.

AvaxTech has become a valuable organization for all Avax communities and investors with its popular web analysis platform, Avaxanalysis.com.

On January 22, AvaxTech launched $ATECH Token, which has utility in its entire ecosystem of products. This project has become a brand within the Avax ecosystem. Nowadays, thousands of investors are using the platform for newly added tokens.

$ATECH Token serves as a payment and utility token in the entire AvaxTech ecosystem, giving it real purpose and utility. Its use is necessary for accessing all products developed by AvaxTech.

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News

Euroclear to invest in IZNES, a leading solution enabling an innovative funds distribution model

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Euroclear and IZNES today announce that Euroclear will acquire a stake in IZNES, a pan-European funds marketplace based on blockchain technology. The transaction will be subject to customary closing conditions and regulatory approvals. Financial terms will not be disclosed.

Established in 2017, IZNES is a regulated company operating an international platform for subscriptions and redemptions of shares of European funds, compatible with various distribution channels. IZNES simplifies and harmonises the subscription processes, brings more transparency and provides an improved customer experience both for management companies and institutional investors.

Building on the acquisitions of MFEX in 2021 and Goji in 2023, Euroclear continues to enhance its Euroclear FundsPlace® offering, the end-to-end funds platform solution across mutual and money market funds, alternatives funds and ETFs. Through this strategic partnership with IZNES, Euroclear will complement its funds services on the French market and beyond and continue the delivery of its funds strategy by playing an active role in the development of innovative funds distribution models.

Philippe Laurensy, Head of Product, Strategy and Innovation at Euroclear, said: “Our partnership with IZNES fits with Euroclear’s ambition to innovate and bring efficiency to the financial markets. We are convinced that the mutualisation of data and further automation of processes, supported by digital technologies, have a real potential to reduce the overall cost of funds distribution. IZNES’ solution has already delivered benefits to its users and our partnership is a natural step to broaden its usage at a larger scale.”

Christophe Lepitre, Chief Executive Officer of IZNES: “This operation with Euroclear marks a key milestone in the development of IZNES. We are convinced that together we must continue to build innovative solutions that make the most of blockchain technology for the greater benefit of our customers. IZNES and its shareholders are delighted at this prospect.”

About Euroclear

Euroclear group is the financial industry’s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives, and investment funds. As a proven, resilient capital market infrastructure, Euroclear is committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise. The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, Euroclear UK & International.

About IZNES

IZNES is the first European blockchain-based fund marketplace. IZNES offers a disruptive alternative to traditional fund distribution channels and allows asset owners to subscribe directly to all types of funds from asset managers. The use of IZNES’s blockchain technology improves operational efficiency and offers to institutional investors and asset managers an optimal level of security and IT resilience. IZNES is a regulated investment firm authorized by the ACPR and supervised by the AMF. Its services are passported in Luxembourg, Ireland, Germany, Austria and Belgium.

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Technologies

This project launched 3 new products in a week!

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Yet another time, when Isotopic manages the incredible. While other projects display roadmaps stretching years in the future even for a simple Minimum Viable Product, Isotopic abolishes its own, as the graphic designer cannot keep up with the development team!

Last week, Isotopic announced the release of its Asset Store, which also came with a complete revamp of the Game Store’s interface. Now, the release of the Isotopic SDK is made public, and with it, support for Cross-Game rewards. So what is Isotopic, and how does this project keep on building so many solutions, working with over 260 live game titles?

A gaming platform for all needs – Already LIVE!

Browse unlimited games for all platforms on the Isotopic Game Store, discover new games through video content on Isotopic Shorts, and gather all of your favourite games in one place with the Isotopic Client.

Create your very first videogame with 3D models from the Isotopic Asset Store, connect your own games with the Isotopic ecosystem using the Isotopic SDK, and seamlessly blend with other Game Universes, using Isotopic Cross-Game Assets.

Just head over to store.isotopic.io where you’ll find the whole ecosystem!

The main goal of isotopic – Own your games

In an ever-growing market of Indie Games, it becomes inefficient and expensive to browse and try out new games that end up sitting in your library without use.

Isotopic arrives to give you control of your game library, allowing you to truly own your game copies, which can be traded, exchanged, or otherwise repurposed! Tokenized game licences create a new economy with active exchange of game copies between users.This empowers small creators to reach wider audiences and show their talent, while gamers unlock new experiences for minimal cost.

The latest releases and future of isotopic

It’s been 3 months into 2024, and already Isotopic’s ecosystem has expanded to nearly double. But in just a week apart from first to last, 3 new solutions see light.

The Isotopic Asset Store, brings a marketplace for game development assets including 3D Models, prefabs, sounds, effects, and scripts. With the release of the Isotopic SDK, game developers can now integrate the Isotopic Ecosystem into their games, allowing things like login, Cloud Saves, and access to the third solution, Isotopic Cross-Game Assets. Now developers can add rewards into their games, which can transcend game worlds, and users who own them can use them in multiple different games.

So what is in the future of Isotopic? All of the solutions in the Isotopic Ecosystem are only set to grow even more from now on, with new updates, releases, and developments going live rapidly! Collaborations with gaming projects are in the works, and mean users will get the chance to earn exclusive items and games, so if you are interested in that, you should join the Isotopic Community!

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Altcoins

Bullish performance sets new ATH for Pop Social’s AI SocialFi multi-chain token PPT

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The Popular Multi-Chain AI SocialFi Project, Pop Social, Celebrates Bullish Rally for $PPT Setting New ATH of $0.51 on Bybit in Under 24 Hours.

The rapid growth of the Web3 SocialFi sector bursts through as Pop Social, the leading multi chain AI SocialFi project, emerged triumphant when its native token, $PPT, surged to unprecedented heights, setting a new all-time high (ATH) of $0.51 in under 24 hours. Indeed, the popularity of the largest SocialFi project on the BNB Chain is evident by this incredibly bullish performance from the platform’s native Pop Token ($PPT).

To highlight, $PPT saw a remarkable upward momentum where the asset witnessed a staggering surge from $0.26 to $0.51 in under 24 hours. In particular, for the $PPT Community Sale Round 1 participants, their $PPT value is up by 300%. Furthermore, this move was accompanied by a significant increase in trading volume, surpassing $8,000,000, again setting new records for the AI SocialFi project.

As a founding cohort on the opBNB Chain, Pop Social began its journey to onboard the next billion users to Web3. So far, the multi-chain platform has unveiled bridges to other thriving blockchain ecosystems like Polygon, Linea, Blast, Ethereum, and others, thus inviting more.

Users across multiple chains to leverage the creator economy on Pop Social. The latest initiative from the Pop Social team to enhance the Web3 SocialFi experience includes NFT Bridging from Ethereum to the BNB Chain to alleviate high gas fees for its users.

Over the last month, Pop Social set a series of impressive milestones, including surpassing 500,000 registered users on the Pop DApp and establishing ecosystem partnerships with over 100 esteemed organizations. Pop Social also saw an exponential surge in content creation, celebrating the 17 millionth to the 20 millionth unique content in a matter of weeks. With over 20 million unique content creations and counting, Pop Social continues to witness unprecedented demand for SocialFi within the Web3 ecosystem.

At the heart of the Pop Social Ecosystem lies its cutting-edge AI technology, which powers AI Creator Tools aimed at eliminating the barrier to creation. By monetizing time and tokenizing innovation, Pop Social offers users an equitable and transparent platform to unleash their creativity and tap into a thriving economy. With strategic partnerships with industry leaders such as ChatGPT and SORA, Pop Social is poised to unveil its AI-powered creator tools, chatbot, and unrivaled algorithms, further solidifying its position as a trailblazer in the Web3 landscape.

After dedicated months towards building the ultimate AI Social platform to simplify the onboarding process to Web3, Pop Social has become a flourishing ecosystem for content creators and consumers worldwide. The ecosystem also boasts GameFi elements such as account level-ups, equipping dynamic Accessory NFTs, and opening Treasure Chests to keep their users delighted and pleasantly engaged. Join the Pop Social Community now and dive into the endless possibilities of AI and SocialFi on Web3.

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SaucerSwap increases total value locked by 300 percent in just one year with support from The Hashgraph Association (THA)

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SaucerSwap, an open source and non-custodial crypto trading protocol and the first decentralized exchange (DEX) to launch on Hedera, has recorded a three-fold increase in Total Value Locked (TVL) since it received development funding support from The Hashgraph Association (THA) in 2023. TVL on SaucerSwap increased from approximately $35 million to over $150 million at the beginning of March, a 300% surge in less than a year.

SaucerSwap V1 launched in August 2022, based on the Uniswap V2, and while achieving significant success following its initial launch, the protocol faced challenges when it came to capital inefficiencies. This all changed in 2023, when THA identified SaucerSwap as an innovative startup in the space and on-boarded the project to its Innovation Program. Following the provision of funding support by THA, SaucerSwap underwent a period of rapid transformation and launched SaucerSwap V2 in the same year.

Since then, the project has continued to grow at pace. In addition to TVL growing to $150M, average 24-hour trading volumes soared from roughly $500k to over $6.5M, a 1200% increase in on-chain volume. Coupled with a rise in Unique Active Wallets (UAWs) and a significant uptick in transactions through the Hedera Smart Contract Service (HSCS), the collaboration between THA and SaucerSwap V2 has yielded substantial growth and has significantly contributed to the value creation on the Hedera network.

Kamal Youssefi, President of The Hashgraph Association states, “SaucerSwap has not only benefited from participating in the Hashgraph Innovation Program with ecosystem development funding from The Hashgraph Association, but it has also added value to Hedera by offering a full range of DeFi services for participants and facilitating the deployment of projects on the Hedera network. This is exactly the example of successful collaborations that we look forward to. Given that DeFi development contributes to financial inclusion around the globe by providing a decentralized, accessible, and secure alternative to traditional finance, THA is proud to be supporting this global financial revolution powered by Hedera.”

By building on the Hedera Network, SaucerSwap was able to conduct financial transactions that included token swaps through smart contracts, as well as through its governance model providing a transparent and immutable log of platform policies. With decentralized exchanges serving as the gateways to DeFi, SaucerSwap is at the epicenter of this transformation allowing individuals and organizations to trade digital assets and NFTs in a non custodial way, while also participating in activities such as staking and yield farming.

In addition to using the Hedera Token Service (HTS) and Smart Contract Service, projects can benefit from increased liquidity by creating a liquidity pool on SaucerSwap. Furthermore, with SaucerSwap V2, liquidity providers can allocate capital within specific price ranges instead of uniformly distributing it across all possible prices.

“We chose Hedera as the public ledger for SaucerSwap due to its ability to support our robust DeFi protocol while providing rapid scalability, high performance, and low, predictable transaction fees denominated in USD,” said Peter Campbell, Co-Founder, Operations & Marketing at SaucerSwap. “Hedera’s lack of a mempool also makes it resistant to MEV, ensuring a superior user experience without the risk of front-running. The support from The Hashgraph Association has been invaluable in our journey to build a cutting-edge, user-centric platform. We are confident that with Hedera and THA by our side, we will continue to innovate and deliver exceptional value to our users, even during times of high network demand.”

About The Hashgraph Association

The Hashgraph Association is at the forefront of the digital enablement and empowerment of organizations through the broad adoption of Hedera-powered enterprise-grade solutions and decentralized applications, including funding training, innovation, and venture building programs globally. As a non-profit organization headquartered in Switzerland, The Hashgraph Association supports and funds innovation, research, and development that enables economic inclusion and a digital future for all, with a positive environmental, social, and governance (ESG) impact. For further information about The Hashgraph Association, visit www.hashgraph-association.com.

About SaucerSwap

SaucerSwap is a decentralized exchange (DEX) and automated market maker (AMM) protocol built on the Hedera network, offering users a non-custodial and efficient platform to swap HBAR and HTS tokens. Developed by SaucerSwap Labs, a Florida-based company, SaucerSwap leverages the Hedera Token Service (HTS) and Hedera Smart Contract Service (HSCS) to provide fast, low-cost transactions with finality in 3-5 seconds.

The protocol offers two versions: SaucerSwap V1, based on the Uniswap V2 constant product AMM, and SaucerSwap V2, which introduces concentrated liquidity and multiple fee tiers, allowing liquidity providers to allocate capital more efficiently. SaucerSwap’s unique features include the Liquidity-Aligned Reward Initiative (LARI), a yield-bearing HBAR wrapper, and resistance to Maximal Extractable Value (MEV) attacks.

Governed by the SaucerSwap DAO and supported by the HBAR Foundation and The Hashgraph Association, SaucerSwap aims to drive innovation and long-term sustainability within the Hedera DeFi ecosystem. As of March 2024, SaucerSwap holds a majority market share among Hedera DeFi protocols, with a total value locked (TVL) of $120 million and a cumulative trading volume of $875 million. For more information about SaucerSwap, visit www.saucerswap.finance.

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