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Lykke’s utility tokens go traditional with GENTWO

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innovation made in Switzerland: two innovative financial solution providers have joined forces. Blockchain-based digital asset exchange Lykke and “new generation” securitization specialist GENTWO have made Lykke’s utility tokens investable and bankable through a conventional Swiss-compliant tracker certificate complete with Swiss ISIN.

True innovation through purpose-oriented partnerships

Gentwo’s subsidiary GENTWO Digital has securitized Lykke’s utility tokens – known collectively as LyCI Service Tokens (ticker: LyCI). This unique expertise regarding digital assets has thus been prepared for conventional investments in the traditional financial markets. The new securitized product is an open-end index tracker, a participation certificate based on the original utility token LyCI. Tracker certificates represent the simplest and best-known type in the product category of structured products. They reflect the price performance of an underlying asset on an almost one-to-one basis. The new Lykke index open-end tracker comes complete with a Swiss ISIN code, thus making it easily accessible for qualified (and also large-scale) investors, but still harnessing the power of the blockchain-based innovation.

Always be invested in the top 25 digital blockchain assets

The underlying LyCI is a utility token allowing the purchase of the world’s top 25 crypto assets based on index-weighted market capitalization, all in a single transaction. LyCI Service Token (ticker: LyCI) is priced in real-time and rebalanced on a minute-by-minute basis. LyCI is the first token of its kind and makes it easy for users to pick winners, diversify risk and simplify the management of the complex and rapidly-evolving universe of cryptos. The new issuance combines outstanding expertise within the blockchain segment and unique issuance setup that transforms digital assets into a format that has been used in finance for decades. It has the potential to accelerate the blockchain revolution for qualified investors around the world – from family wealth funds through to fully-fledged institutionalised investors.

Joint development of innovative products means shaping market landscape together

Purpose-oriented partnerships among specialized service providers like the one from Lykke and GENTWO Digital are becoming increasingly important. They are forward-looking and show genuine innovative strength (made in Switzerland). The new cooperation between Lykke and GENTWO also shows the old world of traditional finance and the new world of blockchains will increasingly be bridged to create new value and potential of growth to the traditional and newly evolving financial market and its participants.

Patrick Loepfe, founder and chairman of GENTWO said “with a simple, conventional product and one single transaction, it has become possible to invest in the exceptional Lykke token and thus in 25 promising digital assets at the same time. The traditional financial market has nothing more efficient to offer. Investors will quickly experience the added value our combined expertise will create. We are the bridge builders and we will continue to build more such bridges.”

Richard Olsen, founder and CEO of Lykke said “this new product is very exciting for us as it represents the link between what came before and what is coming next. Until today, many traditional investors found it difficult to define a pathway into digital assets and to reconcile this new innovative asset class with their own portfolios. This new product – made possible by the partnership between Lykke and Gentwo – will provide this pathway, finally bridging the two worlds of traditional finance and the blockchain-based future.”

About Lykke

Zug-based Lykke is an internationally operative, Swiss-based company building a global marketplace for the free exchange of financial assets. Lykke’s mission is to democratize finance by leveraging the power of the blockchain. Eliminating market barriers, Lykke will provide and promote equal access from anywhere in the world to the digitization and trade of virtually any asset of value.

Lykke index: https://www.lykke.com/lyci/, Lykke: https://www.lykke.com/

About GENTWO and GENTWO Digital

Zurich-based innovative securitization specialist GENTWO has created a new generation of financial products. The company enables institutional clients to securitize not only bankable, but also non-bankable assets with a Swiss ISIN. The focus on so-called off-balance-sheet investment products solves the problem of declining margins and growth barriers for many financial market players. It opens up new performance potential by creating access to a theoretically unlimited world of asset classes. Financial intermediaries, including banks, can use GENTWO’s setup to realize their own product and business

innovations. GENTWO Digital is a joint venture based in the Crypto Valley in Zug, Switzerland. It makes digital assets bankable and turns it into conventional securities (investment certificates).

GENTWO Digital: www.g2d.io, GENTWO: www.g2fp.com

Blockchain

Saakuru Leads the Gasless Blockchain Revolution, Disrupting the Industry

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Saakuru announced some recently reached milestones in its development, which put it at the forefront of the gasless blockchain revolution currently disrupting the industry. The consumer-centric L2 protocol entered the top 5 brands in its niche within 9 months of launch. Moreover, according to data from DappRadar, it records over 1.44 million/week.

Saakuru is preparing for the official launch of its Saakuru token ($SKR) before the end of April. The project also successfully raised $2.4 million in an oversubscribed private funding round to develop its protocol.

The Saakuru Protocol is an up-and-coming proponent of gasless technology, considered by many an accelerator of Web3 adoption into the mainstream. Its mission is to improve the user experience for both developers and end users and drastically reduce costs. These enhancements should forever change the blockchain landscape, enabling the development of more versatile decentralized applications boasting higher security standards, cost-effectiveness, and ease of use.

As of 2024, blockchain technology is stagnating and used mainly for crypto trading. Also, the broadly adopted Ethereum model, based on gas fees fluctuating depending on network use, can lead to high costs and a disappointing user experience. Lastly, most blockchain networks face significant security issues, deterring new users from onboarding promising projects.

Saakuru has developed a public-permission, gas-less L2 blockchain powered by Oasys High-Speed Optimistic Rollups. The network’s design eliminates gas fees, significantly improves user experience, and proposes new tokenomics models. For instance, it enables the easy creation and execution of token contracts, including features like vesting, staking, data tracking, and management. This approach differs significantly from most layer-2 blockchain networks, which rely primarily on governance tokens.

The Saakuru token is a multi-purpose token ensuring utility and governance for the Saakuru Protocol. It uses an advanced burning mechanism to gradually reduce its supply while potentially increasing its value. The token is involved in all the operative layers of the Saakuru protocol:

  • Developer Layer—Also known as Saakuru Labs, this feature provides several products and services with proprietary business models. The system burns the token with 10% of the profit.
  • DeFi Layer — This feature is facilitated by Taffy DEX technology, and 0.005% of every fee collected from on-chain and cross-chain transactions throughout the Taffy DEX protocol is converted to SKR tokens and burned.
  • Governance Layer — SKR token holders can use their tokens to participate in the protocol’s governance model. Moreover, 5% of the tokens used to initiate the review process are burned.
  • Protection Layer — The SKR token is burned if the SKR token protection mechanism is triggered, and 3% of saved tokens will be burned.

The Saakuru team believes the protocol’s gas-less operations will drive quick and consistent adoption of the SKR token. Moreover, developers can stake their SKR tokens to refill their credit balances monthly and drive the ecosystem’s growth.

Another aspect that should increase demand for gas-less blockchain networks like Saakuru is the outdated properties of the currently available external wallet model. The Saakuru team believes developers and users will soon adopt the embeddable model, defined by increased security and numerous configurable features in any mobile app in one day. This type of wallet can provide a better, user-friendlier experience without reducing security.

The Saakuru protocol will also feature prebuilt, easy-to-launch modules for basic Web3 interoperability functions, such as smart contract event tracking and interaction APIs. It will also have an NFTs CRM and zkNFTs verification layer, allowing businesses to integrate Web3 technologies seamlessly into their operations.

About Saakuru

Saakuru takes a new, innovative approach to Web3 and proposes a blockchain that doesn’t charge gas fees, maintains stability through top security practices, and fosters new projects, applications, and ideas. To this end, the team launched the Saakuru Developer Suite, a comprehensive toolset that includes libraries and APIs and enables developers to create applications faster.

The development team behind Saakuru has more than ten years of experience making Web2 products and six years of experience in Web3 applications, both from the developer’s and business sides. Their experience enabled them to discover the primary issues of decentralized production that prevented them from reaching mainstream use.

Saakuru benefits from increasing support from the industry, including prominent educators on blockchain technology, such as Ivan on Tech, an angel investor in the Saakuru Protocol.

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Business

XVC Tech Announces Strategic Investment in TradeTogether to Enhance Web3 Wealth Management

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XVC Tech, has invested in TradeTogether, a leading Web3 wealth manager based in Singapore. The venture capital firm founded by the creators of the XDC Network blockchain.

XDC Network’s ecosystem includes RWA dApps focusing on Private Credit (TradeFinex), Trade Finance (XDC Trade Network), tokenized gold (Comtech Gold) and tokenized US Treasuries (Yieldteq powered by Tradeteq).

Ritesh Kakkad, co-founder of XVC Tech, noted, “TradeTogether approached XVC with a strong emphasis on compliance, which is key in sectors like private credit and trade finance. We believe this focus on compliance will attract more institutional adoption, leading to increased utilization of the XDC Network’s use cases.”

Added TradeTogether’s CEO Geoff Ira, “XDC Network is a robust Enterprise-grade Layer 1 blockchain with a strong focus on Real-World Assets (RWA). We eagerly anticipate collaborating with XDC and its ecosystem of dApps to develop top-tier Web3-centric funds, driving intelligent capital into RWAs and Web3, while adhering to regulatory compliance standards.”

TradeTogether introduces two innovative investment options

  1. Firstly, the TradeTogether Bitcoin Advantage Fund, allows clients to invest in Bitcoin with added protection against market downturns, offering a better experience than traditional ETFs.
  2. Additionally, TradeTogether provides high-net-worth individuals and financial institutions with transparent solutions in tokenized bonds and Web3 products for receivable financing, moving away from the DeFi platform model.

TradeTogether has prominent co-investors such as Orbit Startups, Tenity, Boleh Ventures and Leo Ventures. Other Angel investors who participated in TradeTogether’s funding round since it’s inception includes Samuel Rhee (Chairman of Endowus), Varun Mittal (Group Head Innovation Singlife), Reuben Lai (Former Senior MD Grab Financial Group), Mx Kuok (KUOK Family), E. BABA de Rothschild (EGR Partners), Chandrima Das (Ex bento founder acquired by Grab), Nicolas Gallet (Gallet Capital), David Bachelier (CEO Asia at Flowdesk).

About XVC Tech

Founded by the co-founders of XDC Network, Atul Khekade and Ritesh Kakkad, XVC Tech is a US $125mn Fund focussed on exploring investment opportunities in NextGen Technology Solutions. Portfolio companies include DeGaming, a decentralized i-gaming infrastructure protocol, Bolero, a platform fractionalizing IP of music assets via smart contracts or Truflation, an oracle for RWA, indexes and inflation.

Current areas of focus include RWA, Web3 infrastructure, AI, and DePIN. For Web3 startups looking to make an impact, new investment opportunities are actively being sought. Users interested in learning more can visit XVC Tech at XVC.Tech to get in touch.

About XDC Network

The XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain, operational since 2019 focusing on Enterprise use cases such as Trade Finance, Payment and RWA tokenization. More details at: Xinfin.org

About TradeTogether

TradeTogether Pte Ltd is a pioneering Web3 digital asset management company based in Singapore. Operating under a regulatory exemption since October 25, 2021, TradeTogether is at the forefront of innovative financial solutions in the digital asset space. Led by CEO Geoff Ira, who has a strong background in the financial and banking industry. For more information, users can visit TradeTogether.com

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Technologies

Multis Team Joins Safe to Build Cross-Chain Smart Wallet Infrastructure

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Safe, the leading smart wallet infrastructure, with more than $100 billion in value of digital assets secured, has welcomed the senior leadership team of Multis to the Safe Ecosystem Foundation and completed the strategic acquisition of the Multis source code; Multis is an all-in-one financial software designed for crypto businesses. At the same time, Thibaut Sahaghian, the former CEO of Multis, is set to take on the new role of Network Abstraction Lead as a core contributor within the Safe ecosystem, where he and his team will continue their work towards enabling businesses and individuals to adopt and easily use digital assets every day.

With this move, Safe embarks on the next phase of its mission to simplify, improve, and enhance Web3 user experience. Leveraging their unique collective expertise, the Safe and former Multis team members will collaborate to solve the complexities of cross-chain interaction through network abstraction, with the end goal of enabling users to manage assets across diverse blockchain networks effortlessly.

As crypto usage soars, the demand for faster and more cost-efficient transactions has led to the rise of Layer 2 networks built atop the Ethereum mainnet (Layer 1), aiming to enhance scalability. However, this growth has considerably fragmented the blockchain landscape, complicating the development of user-friendly, on-chain applications and wallets. Addressing this complexity through network abstraction, which simplifies asset management across various blockchains, is crucial for setting the stage for mainstream adoption—a vital goal for the Ethereum community.

“The demand for Safe’s services is skyrocketing, particularly from emerging L2 ecosystems seeking robust infrastructure support to help users manage their digital assets. As we expand, simplifying the cross-network experience becomes crucial,” noted Richard Meissner, co-founder of Safe. “The synergy between Multis and Safe will undoubtedly help us become a staple in these evolving networks and beyond.”

Thibaut added, “Joining Safe is a game-changer for us. We’ve already been harnessing Safe’s robust infrastructure for years, and this is a new journey for us. It empowers us to broaden our mission, tapping into Safe’s expansive platform and extensive user base. Together, we’re set on building an ecosystem where digital assets and applications interact seamlessly across multiple networks, easing the path to adoption and creating a more integrated blockchain world.”

This strategic acquisition marks a turning point for Safe. It aligns with Safe’s recent collaboration with Coinbase-incubated Base to make smart accounts the standard on Ethereum. This announcement furthers Safe’s commitment to providing a seamless and secure foundation for managing assets within exploding L2 ecosystems on Ethereum.

About Safe

Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing ~$100 Billion in assets today. It is establishing a universal ‘smart account’ standard for secure custody of digital assets, data, and identity. With Safe{Wallet}, it’s flagship web and mobile wallet and Safe{Core} account abstraction infrastructure, Safe is on a mission to unlock digital ownership for everyone in web3 including DAOs, enterprises, retail and institutional users.

About Multis

Multis offers a comprehensive financial software solution, empowering DAOs and enterprises to seamlessly manage transactions with both USD and digital assets, across multiple networks. Historically backed by Sequoia Capital and Y Combinator, Multis has been a front-runner in enhancing the crypto business user experience, now set to amplify its impact with Safe.

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Blockchain

Linea Going from Strength to Strength with Lynex on the Front Lines

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The Linea blockchain has gone from strength to strength over the last quarter, seeing TVL and volume soar. Lynex and its ingenious community engagement strategy stand as a key contributor to this organic growth.

This impressive achievement highlights the strength and potential of the Linea ecosystem, a product of the renowned blockchain software houseConsenSys, which is also known for owning the popular cryptocurrency wallet MetaMask. With its lattice-based cryptography, which is faster, less computationally heavy and easier to implement than other cryptography methods, Linea is a key player in the market of Layer 2 scaling solutions for Ethereum.

Linea has seen mass organic growth with TVL tripling over the last trimester and volume quadrupling in the last month. Part of this growth has been thanks to the community efforts in bolstering liquidity and driving engagement, coordinated by Lynex, the leading DEX and native liquidity layer on Linea.

Lynex, the top DEX on the network boasts an elevated rendition of the ve(3,3) DEX model and has contributed greatly to the organic growth and engagement on the network, with TVL on the protocol seeing a 1600% increase in the last month at the time of writing. Through a community-centric airdrop mechanism, Lynex is incentivizing investors to explore the ecosystem to use other protocols, to maximise their chances of airdrop, which has proven to be quite an effective tactic in driving growth.

Lynex’s Recent Milestones

The surge in TVL is a testament to the increasing confidence and interest from the DeFi community in the Linea blockchain and its associated projects, particularly Lynex. The platform has played a crucial role in this growth, thanks partly to its strategic community airdrop, which has successfully attracted a wider user base and fostered a more engaged and vibrant community.

A total of 10% of Lynex’s initial supply has been earmarked for distribution to holders of existing ve-like protocols and those who have actively engaged with the Lynex community. This strategic airdrop is a testament to Lynex’s dedication to fostering a strong, engaged, and empowered community, and truly embodying the role of being a native liquidity layer. Lynex aims to create a more inclusive and collaborative ecosystem that benefits all stakeholders by rewarding our users for their loyalty and participation.

Lynex has also been named the official DEX partner of Linea’s much-celebrated community coin, FOXY. This partnership comes after Lynex had seen mammoth growth in TVL and token price over the last quarter and solidifies its place at the top of the food chain in the Linea ecosystem.

Lynex’s Innovative Tokenomic Model Helps Drive Growth

Lynex continues leading the way in DeFi innovation with its advanced Automated Liquidity Management (ALM) and unique tokenomics. The ALM feature allows users to optimize their liquidity provision, reducing the risks associated with impermanent loss and ensuring more stable and profitable returns. Meanwhile, Lynex’s tokenomics model is designed to align the interests of liquidity providers, token holders, and the broader ecosystem, creating a more sustainable and rewarding platform for all participants.

Lynex’s innovative tokenomics model, oTokenomics, is revolutionizing the DeFi ecosystem by addressing critical challenges such as token devaluation and incentive misalignment for Liquidity Providers (LPs). This model aligns user and protocol interests, ensuring long-term stability and growth.

The “Darkpool” Is Coming

Lynex is also set to disrupt the liquidity provision landscape very soon by introducing its groundbreaking ‘Darkpool’ technology on the Linea blockchain. Developed in collaboration with security experts at Salus Security, this cutting-edge innovation promises to bring unparalleled privacy to the trading world.

By leveraging the power of zero-knowledge proofs, zkLynex’s Darkpool technology ensures that traders can execute their transactions with complete confidentiality, protecting both their strategies and market positions.

About Lynex

Lynex is a leading decentralized exchange (DEX) and liquidity marketplace built on the Linea blockchain. With a focus on innovation, security, and user experience, Lynex aims to provide a seamless and efficient trading platform for the DeFi community. The platform features advanced technologies such as Automated Liquidity Management (ALM), innovative ve(3,3) DEX model and tokenomics, and soon, Darkpools for enhanced privacy in trading.

About Linea

Linea is a Layer 2 blockchain developed by ConsenSys, the company behind MetaMask. It offers a scalable and secure platform for EVM decentralized applications (dApps) and decentralized finance (DeFi) projects. Linea’s rapid growth and increasing Total Value Locked (TVL) reflect its potential to become a leading blockchain for DeFi and beyond.

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Altcoins

Numun Ecosystem Launches to Bring a Complete Set of Apps for Real-World Assets On-Chain

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The Numun Ecosystem today launches, comprising applications Num and Vectium and offering a structured approach to real-world asset (RWA) tokenization and lending on the Ethereum network.

Num, the first app of the Numun Ecosystem, is a Bermuda-based tokenization company, that specializes in tokenizing traditional finance (TradFi) assets, including ETFs, stocks, and bonds. In 2023, Num successfully closed a USD 1.5 million pre-seed funding round to work on its first MVP, emerging market stablecoins, which garnered 500,000 users within its first year. Num now aims to achieve global reach by tokenizing TradFi assets into fully backed, permissionless forms known as nTokens, bridging the gap between the TradFi and DeFi realms.

The second app in the Ecosystem is called Vectium, an innovative RWA lending protocol that harnesses the power of nTokens to facilitate financial interactions, enabling users to lend and borrow stablecoins against nTokens and soon more RWAs. This system also supports users in leveraging and hedging TradFi assets in a manner that is both permissionless and secure.

Speaking on the launch, Agustin Liserra, CEO of Num Finance, said, “Numun ignites the power of synergy between transparency and innovation. Our commitment lies in steering the course of finance towards a future where accessibility, security, and empowerment are not just ideals, but everyday realities for DeFi users. As we unveil Numun to the world, we stand on the brink of a new financial era – one that we are proud to shape and lead.”

Central to orchestrating the Numun Ecosystem is the Numun Token, which employs a unique value accrual mechanism. Up to 40% of the revenue generated by the lending protocol is allocated to a buy-back-and-burn strategy for the Numun Token. The Numun token will be used across all of the apps within the ecosystem, ensuring its value is intrinsically linked to the success of Numun as a whole.

Numun Ecosystem is partnering with Impossible Finance to bring the Numun Token to the market, Calvin Chu, Co-Founder, and Core Builder of Impossible Finance, expressed excitement about partnering with Numun and supporting their mission of bridging traditional and decentralized finances. Calvin said, “Num’s and Vectium’s approach to bringing permissionless tokenized assets is the correct way to maximize interoperability. The strategy to bring a wide coverage of financial products on-chain is definitely filling a gap in the current landscape.”

Speaking on the significance of the development for the DeFi ecosystem, Alex Kruger, Advisor and Strategic Director at Num Finance, said, “The Numun ecosystem represents the culmination of our enduring commitment to reshaping the DeFi landscape. After years of meticulous work, we are introducing an on-chain ecosystem that makes real-world assets the epicenter. This is the advancement that the DeFi space has been waiting for — a transformative step in aligning the reliability of traditional assets with the innovation of decentralized finance.”

Agustin Liserra, CEO of Num Finance, is available for interviews.
Alex Kruger, Advisor and Strategic Director at Num Finance is available for interviews.

About Num Finance

Num Finance is a Bermuda-based technology firm at the forefront of real-world asset (RWA) tokenization. By facilitating the conversion of traditional financial assets into digital tokens, Num Finance integrates these assets with the decentralized finance (DeFi) sector. Focused on security, transparency, and accessibility, Num Finance enables broader access to financial markets and improves liquidity through innovative financial services. Committed to compliance and effective risk management, Num Finance adheres to strict regulatory standards, ensuring a trusted and stable platform for investors navigating the evolving landscape of digital finance.

For more information, visit num.finance

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News

Etherland Tecra Space Crowdfunding Goes Live

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The Etherland Tecra Space campaign has officially gone live, giving participants the opportunity to stake their claim in a real-world assets (RWA) blockchain project that approaches on-chain real estate with a unique angle.

This campaign aims to accelerate the development of innovative RWA solutions powered by blockchain technology for the real estate industry. In the months leading up to the crowdfunding initiative’s launch, Etherland’s native $ELAND token has appreciated by over 300% as the project positioned itself at the forefront of the RWA narrative.

Tecra contributors will earn exclusive rewards through a tiered system offering a variety of perks based on their level of support. The Etherland team is leveraging the campaign to redefine the real estate market with document management tools powered by blockchain technology.

Etherland’s RWA Vision and the Tecra Space Campaign

The traditional real estate sector is fraught with inefficiencies, from outdated paperwork systems to reliance on intermediaries. These complexities lead to delays, increased costs, and a lack of transparency for buyers, sellers, and investors.

Etherland’s mission is to disrupt these outdated practices by harnessing the power of blockchain technology. Their focus lies in developing innovative solutions for RWAs, centered explicitly around streamlining property transactions, enhancing security, and unlocking new investment opportunities.

Funds raised through the campaign will directly fuel research, development, and expansion of essential tools and technologies. This translates into building a robust ecosystem where complex real estate processes can be simplified, creating efficiencies that benefit all stakeholders.

Etherland’s RWA solutions offer tangible benefits. Secure and tamper-proof records facilitate faster transactions with enhanced transparency, minimizing the risk of errors or disputes. New forms of asset-backed financing and real estate investment models become possible, potentially making the market more accessible.

Tiered Rewards: Earning Exclusive Perks

The Tecra Space campaign features a reward system designed to incentivize participation and recognize the contributions of supporters at different levels. Contributors can select a tier that aligns with their desired level of support, with increasingly valuable rewards unlocked at higher tiers.

Types of Rewards

The rewards offered through the Tecra Space campaign span a wide range to appeal to various interests. Every reward tier comes with a tradable NFT certificate, which gives the holder voting power in the Etherland DAO; the number of votes afforded to users increases as they move up the reward tiers.

Bonus minting credits can also be earned, which will unlock exclusive features, including staking bonuses. Top contributors are offered exclusive, limited-edition merchandise linked to especially NFTs.

Top-Tier Exclusivity

The highest tiers within the Tecra Space campaign earn rare, unreleased NFTs from Etherland’s established collections or custom NFTs designed exclusively for the campaign. Top-tier contributors are also eligible to obtain cutting-edge HoloFans, devices that enable 3D holographic displays of blockchain-linked NFTs. In addition, top-tier NFT certificates give users a particularly large number of votes in the DAO, which will make them key players in the decision-making processes driving Etherland forward.

Beyond the Rewards: Shaping the Future of Real Estate

Arguably, participation in the Tecra Space campaign offers something even more profound than rewards; it presents the opportunity to actively shape the real estate industry’s future. Every contribution helps advance real-world solutions that can potentially disrupt legacy real estate processes for the better.

By supporting this campaign, contributors become part of a community dedicated to building a more efficient, transparent, and accessible real estate ecosystem. The innovations planned by the team aim to streamline real estate transactions, enhance security measures, and unlock new investment models.

Etherland’s RWA technologies extend beyond immediate applications within the real estate sector. The platform’s focus on secure document management, tamper-proof records, and reliable asset tracking provides a solid foundation for use cases across various industries.

Therefore, contributors to the Tecra Space campaign play a pivotal role in driving innovation, which has far-reaching implications for redefining how we interact with real-world assets in real estate and other sectors.

Final Thoughts on Etherland’s Tecra Space Crowdfunding Initiative

The Tecra Space campaign launched on April 9th, marking a significant milestone in Etherland’s journey to revamp the real estate industry with blockchain-powered RWA solutions. This campaign offers the opportunity to earn exclusive rewards and become a key player in the DAO while driving innovation and shaping the future of on-chain RWAs. Become a part of Etherland’s journey by visiting the official Tecra Space page today.

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News

Covalent (CQT) Announces Grants Program & API Credits for Cronos Ecosystem, Supercharging Future Web3 Innovation

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In a significant step toward fostering innovation in Web3, Covalent is excited to announce that it is extending its grants program to developers within the Cronos ecosystem. This strategic move aims to catalyze innovation and collaboration by providing support and resources to projects building on top of Covalent’s API infrastructure within the Cronos network.

Covalent stands out as an unparalleled solution for Cronos developers seeking to enhance their projects with real-time, historical onchain data. With the capacity to query data from over 100 billion decoded transactions across 225+ blockchains, Covalent’s Unified API stands as the largest and most comprehensive structured Web3 dataset. Noteworthy for its cryptographic security and adherence to enterprise-grade reliability, Covalent’s dataset further distinguishes itself by offering decentralized means of accessing Web3 data–driving innovation within the Cronos ecosystem.

Key to fostering innovations in categories including decentralized finance (DeFi), AI and machine learning, gaming, NFTs, analytics, and more, this extensive access equips Cronos developers with a fundamental foundation for innovation across a diverse array of blockchain use cases. By leveraging Covalent’s API, developers can tap into a rich reservoir of structured data that fuels their dApps, enabling them to gain valuable insights and drive innovation with confidence.

Through the Covalent API Grants program, developers within the Cronos ecosystem have the opportunity to receive expert mentorship and funding of up to $25,000 in API credits to support their projects. This financial support not only accelerates development but also fosters a dynamic ecosystem of innovative solutions on Cronos, propelling the platform’s growth and impact.

Since its launch in fall 2023, the Covalent Grants program has awarded nearly $600,000 to 40 groundbreaking projects, spanning a wide range of categories from DeFi to data analytics to security enhancements and crypto AI projects. With the largest set of verified onchain data in Web3 at their disposal, developers on Cronos have the tools they need to build and innovate with confidence.

This announcement represents a shared commitment to advancing blockchain technology and empowering developers worldwide. Through collaborative initiatives like this, Covalent and Cronos aim to democratize access to data and foster a thriving ecosystem of decentralized applications, driving the next wave of innovation in the blockchain space.

About Covalent

Covalent (CQT) is the home for Web3 data, enabling millions of users to build the new economy of products in AI, Big Data, and DeFi. Its deep commitment to democratizing access to structured data is delivered through a singular Unified API for everyone. A pillar of the DePIN ecosystem, Covalent serves developers, analysts, innovators, and 1000’s of customers with comprehensive, real-time data access to +225 blockchains and growing. Learn how Covalent is building the long-term data availability ‘Ethereum Wayback Machine’.

About Cronos

Cronos is the leading Ethereum-compatible layer 1 blockchain network built on the Cosmos SDK. Supported by Crypto.com and more than 500 app developers and partners, its mission is to make it easy and safe for the next billion crypto users to adopt Web3, with a focus on decentralized applications in the DeFi, NFTs and GameFi verticals.

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Altcoins

Xuirin Finance a pioneer for DeFi card – presale stage 1 sold out

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Xuirin Finance has recently presented its DeFi card, an innovative solution designed to merge the functionalities of traditional debit and credit cards with the decentralized financial services provided by DeFi. The introduction of this card aims to facilitate daily transactions using cryptocurrencies, enhancing their integration into the global payment ecosystem.

Overview of Xuirin Finance’s DeFi card

The DeFi card from Xuirin Finance allows users to engage in a variety of financial transactions, including online purchases, bill payments, and cash withdrawals at ATMs, using cryptocurrencies. This initiative is part of Xuirin Finance’s efforts to increase the accessibility and practical use of digital currencies in everyday financial activities.

Presale stages and token distribution

During the initial presale stage, Xuirin Finance offered 15 million tokens at a price of $0.03 each, reaching a funding cap of $450,000. Following the completion of Stage 1, the company is preparing for the second stage of the token presale, which involves offering 25 million tokens priced at $0.04 each, with a funding goal of $1 million.

Xuirin Finance’s $500K mega giveaway

In conjunction with its ongoing presale, Xuirin Finance has announced a Mega Giveaway, totaling $500,000 in prizes. This giveaway includes substantial rewards for 20 winners, designed to engage and expand the community around Xuirin Finance’s offerings. Participation in the giveaway requires a minimum investment in the presale, with additional engagement opportunities provided to enhance winning chances.

Key geatures of Xuirin Finance’s offerings

Xuirin Finance has integrated several features into its DeFi card, focusing on enhancing the practicality of cryptocurrencies for everyday transactions. These features include seamless online shopping, bill payments, and ATM withdrawals with digital currencies. The initiative reflects the company’s aim to improve the infrastructure supporting the broader adoption of decentralized finance technologies.

This section still highlights the value provided by Xuirin Finance, but in a way that sticks strictly to describing features without implying enthusiasm or encouraging investment.

Future outlook for Xuirin Finance

As the presale progresses and Xuirin Finance continues to enhance its services, the company is focused on broadening the practical use of cryptocurrencies in everyday financial transactions. This initiative aligns with ongoing developments in the cryptocurrency sector aimed at enhancing user accessibility and convenience.

About xuirin

xuirin Finance is a groundbreaking DeFi platform dedicated to transforming the decentralized finance landscape. With a mission to bridge the gap between traditional finance and DeFi, Xuirin introduces innovative solutions such as DeFi Debit Cards, AI-Enhanced P2P Lending, and a secure, multi-chain DeFi Wallet. Designed for accessibility and user empowerment, Xuirin aims to redefine financial transactions, making them more efficient, transparent, and inclusive.

For additional information on Xuirin Finance and to participate in the ongoing presale, users can visit:

Website: https://xuirin.com/
Linktree: https://linktr.ee/xuirin

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Changelly surpasses 7 million users, celebrating its 9th anniversary

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Changelly, a global crypto exchange platform, marks its 9th anniversary with a new milestone of over 7 million registered users worldwide. Established in 2015, Changelly has become the leading crypto exchange platform and the trusted exchange API partner for over 500 Web3 companies.

Through precise market analysis and never-ending innovation in product development, Changelly has thrived through several crypto winters and dedicated itself to developing a sustainable and secure exchange infrastructure to simplify access to crypto. Anniversaries are the best time to reflect, so the platform has presented its key achievements and future plans for the year ahead of an even bigger landmark — its 10th anniversary.

Driving a User-Centric Narrative: Expanding the Assets and Products

‘Anything to anything’ is a concept Changelly implemented within its product portfolio, offering plenty of swapping options for all popular and trending coins, blockchains, and trading pairs. Since its previous anniversary, the platform’s listing strategy has resulted in 208 new listings, marking an impressive 130% year-on-year increase.

Security is the cornerstone of Changelly’s operations across 150 markets: the company strictly adheres to security protocols and does not store user funds. While providing ease of authentication, the exchange platform pays special attention to security checks and assists users in returning stolen funds in case of hacks and fraud.

The Changelly team prioritizes the optimization of the customer experience for its core exchange product. Its mobile app helps its users swap crypto-to-crypto and fiat-to-crypto on the go at the most competitive market rates, thanks to partnerships with over 20 crypto trading platforms.

Besides, the platform is dedicated to regular updates and enhancements to its UI/UX design, ensuring it’s user-friendly for all expertise levels: the smooth usability and onboarding experience is proven by the fact that Changelly saw a growing percentage of mature audience (50+ years old).

Overall, Changelly has grown a dedicated community by educating users with the Changelly blog that provides helpful guides, an informative Crash Course, and price predictions for over 1.5M monthly readers. Meanwhile, the dedicated 24/7 live customer support reached an average response time of less than one minute and strives to help users with every issue they may face.

Harnessing Crypto Payments and Exchange API for Global Business Growth

Building a CeDeFi ecosystem, Changelly expands its product portfolio with solutions that synergistically help businesses benefit from the advantages of Web3 and blockchain with no limits and borders.

With confident leadership in its core category, Changelly, as a provider of crypto-to-crypto and fiat-to-crypto exchange APIs, has won the trust of the crypto industry leaders — Ledger, Trezor, Exodus, Tonkeeper, Tangem, and many others. For its partners’ growth, Changelly expands the variety of available assets, improves swap pricing, and offers 0% service and flexible exchange fees.

Last year, Changelly completed its ecosystem with the merchant payment solution Changelly PAY, which offers custom crypto checkouts for 80+ crypto coins and tokens with instant settlement and flexible fee management. Among other remarkable achievements in 2023, there was a launch of the fiat on-ramp API to meet the growing market demand.

Not Afraid to Face Challenges and Level Up

Speaking of the future of Changelly, its CEO Jake Cormack comments: “Our priorities are to develop our products, list new tokens across different chains, and serve users on a global scale. We are working on expanding our presence and reaching new markets with tailored offers. From the B2B perspective, Changelly will continue to grow the partner network for the exchange APIs and focus on the merchant payment gateway, on-ramp, and off-ramp solutions.”

About Changelly

Changelly is a global crypto exchange platform serving over 7 million users worldwide. Founded in 2015 and headquartered in Hong Kong, Changelly offers safe and fast crypto-to-crypto and fiat-to-crypto exchanges of over 100,000 trading pairs with 24/7 live customer support. As a CeDeFi ecosystem, Changelly provides its B2B partners with an instant exchange API, a platform for listing, and a DEX aggregator for decentralized swaps.

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New Collaboration: IPMB Partners with Sumsub for Enhanced Security and Customer Experience

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Today Sumsub, a leading global verification provider, is pleased to announce a new collaboration with International Precious Metals Bullion (IPMB), the only truly vertically integrated token operation in the world. IPMB manages the gold supply chain from the mine to the cloud, and in the vault.

IPMB has teamed up with Sumsub to secure continuous Transaction Monitoring, Know Your Customer (KYC) and Know Your Business (KYB) checks. This collaboration will allow IPMB to ensure smooth verification processes for both individual users and legal entities, and to stay protected from digital fraud throughout the customer lifecycle.

IPMB aims to provide people and organizations with reliable, safe and secure access to gold. Utilizing a dual-token model that comprises a gold-backed hybrid payment/utility token (IPMB) and a stablecoin (GeM NFT), the company offers compliant asset-backed digital products that can be redeemed in the physical form. By integrating Sumsub’s AI-driven solutions into its ecosystem, IPMB continues to drive blockchain innovation and maintain high customer acquisition rates while thwarting fraud.

“We are thrilled to embark on this exciting journey with Sumsub, a trusted global leader in verification and fraud prevention technologies. Together, we are poised to streamline our KYC/KYB processes, ensuring seamless onboarding for our clients while fortifying our defences against fraudsters. This alliance marks a significant milestone in our mission to provide the world access to economic freedom, and we look forward to the opportunities it brings our customers and stakeholders,” says John Vakis, Founder & CEO at IPMB.

“We are excited to start our collaboration with IPMB, a future-driven tokenized gold provider,” adds Andrew Sever, co-founder and CEO of Sumsub. “Gold ownership is usually considered a very conservative industry and it is astonishing that advanced blockchain technologies now allow people across the world easy access to this kind of investment. Coupled with providing responsible gold mining and sourcing, this innovative project corresponds with Sumsub’s mission of building a safe and inclusive digital future. So we’re eager to see the results of our companies’ cooperation.”

About Sumsub

Sumsub is a full-cycle verification platform that secures the whole user journey. With Sumsub’s customizable KYC, KYB, Transaction Monitoring and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.

Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Binance, Wirex, Avis, Bybit, Huobi, Unlimit, Flutter, Kaizen Gaming, and TransferGo.

About IPMB

IPMB (International Precious Metals Bullion) is a hybrid payment/utility token. The IPMB Ecosystem offers direct access to physical gold, allowing exposure to the stability of gold and the speed and security of the blockchain through a dual-token model. Through this innovation, IPMB is striving to change the gold industry forever.

IPMB vertically integrates the entire gold supply chain onto the blockchain. This allows us to optimise access, traceability and quality assurances in gold ownership. We use this solution to provide the world access to a gold-backed hybrid utility/payment token, $IPMB, and also access to the most affordable investment-grade gold on the market via our GeM NFT, a stablecoin product that waives all fees associated with modern-day gold ownership.

IPMB aims to provide the world access to economic freedom and opportunity, giving choice and control to accelerate a global transition to a low-cost, unified and transparent global currency. ‘From the mine to the vault, and in the cloud’, IPMB manages and operates physical gold production, sourcing, beneficiating, exporting, refining, stamping and vaulting of gold.

The IPMB Ecosystem is at the heart of the IPM Group, a group of companies spanning three continents and five countries.

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