Author: chainwire

Paris, France, April 17th, 2024, Chainwire

Paris Blockchain Week, the leading international conference dedicated to blockchain and Web3, announced the winners of this year’s Startup Competition, dishing out an array of prizes to the 10 finalists and 4 winning Startups, for up to $10 million in the shape of funding, grants, accelerations, listings and more. 

The Paris Blockchain Week Startup Competition has emerged as a cornerstone event within the blockchain industry, and one of the most prestigious and highly-coveted awards for startups, entrepreneurs, and investors alike. A direct contest that pits some of the most promising Web3 projects against one another, the goal of the competition is to shine a spotlight on groundbreaking new initiatives with enormous potential to make a positive, real-world impact.

Over 800 Startups entered the contest, among which the best 100 made it to the first shortlisting. The Top 100 gained exposure to, and feedback from, dozens of the blockchain industry’s most reputable investors. 

This year’s projects had the exclusive opportunity to pitch their ideas and initiatives to more than 500 prospective investors, including venture capitalists, accelerators, angels, and DAO representatives, to secure their backing and the chance to be lavished with massive exposure, prizes, funding, and grants.  

For investors, the Startup Competition provided them with an exclusive opportunity to identify and connect with talented founders and invest in high-potential Web3 projects generating a highly qualified deal flow of Startups. 

The winners were chosen from a pool of more than 800 blockchain startups that entered this year’s Startup Competition:

CrossCurve – Faraj Abutalibov, co-founder

Bitstack – Alexandre Roubaud, CEO

Reveel – Adrien Stern, CEO

Zyfi – Gauthier Vila, CEO

This year’s Startup Competition saw the participation of industry leaders, investors and blockchains from across the globe, including Tim Draper, RockawayX, AWS, Consensys, CoinMarketCap, Coin Academy, iExec, Blockchain Founders Fund, Outlier Ventures, v3ntures, Foresight Ventures, Mantle, Mirana, Morningstar Ventures, NEO, Bit2Me, XRP Ledger, PitchBook, Bitpanda, CV Labs, Stellar, Canonical Crypto, BNB Chain, Node Capital, Cathay-Ledger, Taisu, Hello Labs, Killer Whales, BPI, TRGC, Leadblock, Orange DAO, Blockwall, Cointelegraph, TDeFi, HUMANS, LBanks Labs, VNTR, and Mercy Corps.

The support of these partners was instrumental in making Paris Blockchain Week’s Startup Competition one of the most anticipated and illustrious startup contests on the crypto calendar, contributing not only to the $10million prize pool but also to the process of selecting the Top 100 contenders invited to showcase their innovations at this year’s event. The ongoing support of our partners is crucial in fostering innovation and growth within the blockchain ecosystem. 

The $10 million prize pool notably set a new industry record, providing much more than substantial funding opportunities for the lucky winners. In addition to funding, there were grants, credits, and the opportunity to participate in accelerator programs and find mentors from the world’s leading VC firms and blockchain leaders. Moreover, the winners also benefit from substantial exposure, with the chance to pitch their ideas on Apple TV’s ‘Killer Whales’ show, befitting their status as the hottest prospects from among the crème de la crème of this year’s most talented crop of startups. 

More than 800 ambitious startups entered this year’s contest, with the Top 100 ultimately whittled down to 10 finalists who were invited to pitch their projects at Paris Blockchain Week’s Investor Day on April 11. Following the presentations, the four winners took to the stage at the Carrousel du Louvre to showcase their innovations and pitch Tim Draper during a live recording of the hit “Meet the Drapers” TV show (+20M viewers worldwide).

About Paris Blockchain Week 

Paris Blockchain Week is a leading organization in the blockchain/web3, dedicated to fostering innovation, collaboration, and knowledge sharing. As the premier event platform, we bring together thought leaders, industry experts, developers, entrepreneurs, investors, regulators, and enthusiasts from around the globe to explore the potential of blockchain technology and its transformative impact on various sectors.

The 5th edition, took place at the Carrousel du Louvre between 9 – 11 April and welcomed 9,000+ attendees and 500+ speakers, including Richard Teng – CEO of Binance, David Marcus – CEO & Co-Founder of Lightspark, Denelle Dixon – CEO & Executive Director of the Stellar Development Foundation, Jeremy Allaire – CEO of Circle, Ryan Selkis – CEO of Messaris, Silvia Attanasio – Head of Innovation at the Italian Banking Association & Member of the Digital Euro Advisory Board, Yat Siu – Co-Founder and Executive Chairman of Animoca Brands, Mihailo Bjelic – Co-Founder of Polygon, Mo Shaikh – CEO of Aptos, Alex Matsuo – Co-Head of Web3 at Amazon Web Services, Silvio Micali – Founder of Algorand and Yoni Assia – CEO of eToro, to name a few. For more information please visit https://www.parisblockchainweek.com

Contact

Leora Schreiber
parisblockchainweek@marketacross.com

Majuro, Marsall Island, April 17th, 2024, Chainwire

OSEAN DAO is advancing rapidly: With company registration on the horizon, the organization is preparing to acquire its first boat and has announced a 5 million $OSEAN commemorative airdrop scheduled for May.

The project has attracted a diverse team of skilled professionals and achieved significant milestones in a short time.

Having reached a $2 million market cap last month, OSEAN DAO has now successfully gathered half of the funds needed for its first boat, setting the stage for the forthcoming milestone of company registration.

Pioneering the Fusion of Yachting and Cryptocurrency

Founded by a professional yachting team, OSEAN DAO is pioneering the integration of the yachting industry—valued at over $9.38 billion in 2023—with the cryptocurrency sector, representing the first Real World Asset (RWA) bridge of its kind.

Leveraging the extensive experience of its founders who currently manage a successful yachting charter and training business, the team has crafted a detailed business plan that spans from boat management to cryptocurrency marketing.

As the completion of the company registration approaches, the project is moving closer to acquiring its first boat and achieving its goal of generating potential revenue through a variety of maritime activities for the DAO.

“With the BTC halving approaching and our ongoing marketing efforts, it’s just a matter of time before we secure the remaining funds to buy our first asset. Once sailing in the Mediterranean Sea bearing the OSEAN DAO brand, it’ll prove our concept and be a major turning point for the project, our DAO members and our holders.” said Christos TSAFAROGLOU, Founder of OSEAN DAO

Company Registration Sets Stage for Industry Entry

Expected to be completed by the end of the month, the company registration is a critical advancement for OSEAN DAO. By formally establishing the entity and identifying key management members, this registration ensures accountability and transparency, addressing common concerns within the cryptocurrency ecosystem about the risks of scams by anonymous entities.

The registration will enable the company to function as a legal entity that represents the DAO, allowing access to credit accounts, contract-making capabilities, and other essential functions, thus positioning OSEAN DAO for its formal entry into the yachting industry.

Unlocking Partnership Opportunities

The Limited Liability Company (LLC) registration enhances OSEAN DAO’s ability to form strategic partnerships within the yachting industry. This registration facilitates collaboration with established yacht charter companies, manufacturers, or brokers, aiding in the acquisition of vessels for OSEAN DAO’s fleet and improving the efficiency and reliability of its maritime activities.

Such partnerships are crucial for diversifying offerings and creating multiple income streams. As part of its expansion plans, the team aims to enhance yachting services through an online store that accepts both fiat and cryptocurrency payments. This store will feature a variety of products and services from OSEAN DAO and its partners, including cruise bookings, yacht furnishings, and exclusive OSEAN DAO merchandise.

“We’re about to open up a significant gateway between the crypto and yachting industries. Many innovative mechanisms can be leveraged to enhance each industry through the other and we are about to explore all of them!” explained Christos TSAFAROGLOU.

5 Million $OSEAN Airdrop Announcement

In celebration of its achievements and in recognition of the unwavering support from its community since its launch on April 30, 2023, OSEAN DAO is planning a 5 million $OSEAN airdrop in May 2024.

Carefully designed to offer a fair opportunity to all participants, this initiative is in line with OSEAN DAO’s overarching goal of reducing barriers to entry in the yachting market, enabling more individuals to engage with this expanding industry.

“The airdrop is designed to reward our holders and loyal community members with significant benefits, while attracting new participants with exciting incentives. Our aim is to unite the entire community in celebration of OSEAN DAO’s success with a lively and inclusive event.” said Eric FOURNIER, Head Marketing Advisor at OSEAN DAO.

Participants can try to increase their chances of receiving rewards by joining OSEAN DAO’s social media channels and exploring opportunities within the project.

For further updates and information about the upcoming airdrop, users can refer to OSEAN DAO’s official communication channels. 

About OSEAN DAO

OSEAN DAO is the first Multichain Real World Asset (RWA) cryptocurrency project designed to invest in Yachting. Deployed on both the Ethereum (ETH) and Binance Smart Chain (BSC) networks, OSEAN DAO aims to democratise the yachting industry sector by leveraging blockchain technology.

$OSEAN holders can already benefit from rewards for staking without any lock-in or vesting period, using the OSEAN DAO staking platform.

OSEAN DAO Official links

Contact

Founder
Christos Tsafaroglou
OSEAN DAO
info@osean.online

Chicago, United States, April 17th, 2024, Chainwire

Liquid Mercury, a leading crypto trading technology provider, announced today that it is providing a request for quote (RFQ) platform to GFO-X, the UK’s first regulated and centrally cleared trading venue dedicated to digital assets derivatives. Institutional traders will be able to source deep liquidity for trading listed options and futures contracts in large trade sizes that can be transacted as single-leg or complex, multi-leg strategies.

Liquid Mercury’s institutional-grade platform combined with GFO-X’s regulated derivatives marketplace provides a secure and efficient trading environment for institutional trading firms and professional investors. This technology allows market participants to manage digital asset exposure and hedge underlying portfolio risks.

Liquidity providers can provide two-sided quotes in response to RFQs generated by hedge funds, asset managers, and other buy-side participants initiated from Liquid Mercury’s professional-grade trading interface or FIX and web socket APIs. Trades will print on GFO-X’s exchange and be cleared through a GFO-X general clearing member at LCH SA, LCH Group’s continental Europe clearing house and part of the largest and most sophisticated clearing services in financial markets. Brokers will also use Liquid Mercury’s platform to intermediate trades between buyers and sellers in order to cross-block trades on GFO-X’s exchange and conduct other sell-side trading workflows.

“Looking at the equity derivatives market, where the growth in number of options exchanges has fueled the growth in trading participants, added more liquidity in the market, and driven record volumes of contracts traded, I see GFO-X’s entrance into crypto derivatives as a key development for a more vibrant exchange landscape. This is a prime opportunity to grow the entire crypto options market,” said Liquid Mercury CEO, Tony Saliba. “In addition to providing the technology solution that will power GFO-X’s block liquidity network, Liquid Mercury will be operating as a strategic partner, introducing our clients and broad network of traditional market players as new participants to GFO-X’s exchange.”

“We chose Liquid Mercury as a partner due to the team’s pedigree in building successful technology-focused franchises in traditional markets, combined with a track record of delivering institutional-grade solutions to the professional crypto trading community,” said GFO-X CEO, Arnab Sen. “Our shared vision of a regulated derivatives market that is purpose-built for digital assets using the best market standards and technology from traditional finance underpins what we expect to be a long and very fruitful strategic partnership.”

For more information about Liquid Mercury’s suite of crypto trading technology solutions, users can visit www.liquidmercury.com.

About Liquid Mercury

Liquid Mercury powers professional crypto trading. Liquid Mercury is the #1 choice for sophisticated buy-side and institutional sell-side legacy trading professionals moving into crypto. Institutional grade infrastructure, access to deep liquidity, and best-in-class trading tools and workflow automation; Liquid Mercury was built by professionals for professionals. For more information about Liquid Mercury, visit www.liquidmercury.com.

About GFO-X

Global Futures and Options Ltd (GFO-X) is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives. UK FCA authorised and regulated, GFO-X is connected to the world’s largest financial institutions and has partnered with leading clearing house LCH SA, solving for counterparty and credit risk.

GFO-X services the significant unmet need of large global institutional participants who require a highly regulated, institutional-grade trading venue for digital asset derivatives.

GFO-X’s mission is to deliver enhanced liquidity, institutional connectivity and risk mitigation through high-performance technology and optimized contract specifications.

Further information can be found at www.gfo-x.com

Contact

Chief Commercial Officer
Ryan Hansen
Liquid Mercury
team@liquidmercury.com

Manama, Bahrain, April 16th, 2024, Chainwire

By joining forces with Aleph Zero, stc Bahrain aims to leverage cutting-edge solutions to enhance privacy, security, and decentralization in the digital realm.

stc Bahrain, a world-class digital enabler, has announced its partnership with Aleph Zero, a privacy-enhancing Layer 1 blockchain, as part of its Web3 Launchpad program. This collaboration underpins stc Bahrain’s commitment to fostering the growth and development of blockchain technologies across the Gulf region.

Backed by stc’s Web3 Launchpad Program, this collaboration will enhance Aleph Zero’s network by deploying validator nodes, thereby reinforcing the blockchain’s infrastructure with stc Bahrain’s robust digital capabilities. This partnership not only broadens stc Bahrain’s infrastructure offerings but firmly supports a network distinguished for its focus on privacy, scalability, security, and speed. 

In an ever-evolving and crowded web3 landscape, Aleph Zero stands out for its technological excellence and outstanding approach to addressing the key challenges of on-chain privacy and enterprise-grade scalability. With a unique consensus protocol, AlephBFT, and a public network that offers robust privacy technology through a combination of Zero-Knowledge Proofs (ZK-SNARKs) and Secure Multi-Party Computation (sMPC), Aleph Zero offers a secure, scalable solution, setting the foundation for private, verifiable transactions without exposing sensitive data.

“stc Bahrain is pleased to welcome Aleph Zero as a Pearling Path Partner within our Web3 Launchpad Program. This collaboration brings us closer to creating a secure and integrated digital ecosystem in the Gulf. Aleph Zero brings valuable privacy-enhancing technology and a scalable, decentralized network that aligns with our goals for a seamless digital future.”  said Mr. Saad Odeh, Chief Wholesale Officer at stc Bahrain.

Antoni Zolciak, Co-Founder of Aleph Zero, added: “stc Bahrain is at the forefront of innovation in the Gulf region, spearheading the introduction of Web3 and blockchain solutions. Aleph Zero is delighted to partner with stc, aligning with our commitment to secure, scalable, and privacy-centric blockchain infrastructure. We’re eager to see how our combined efforts will contribute to the advancement of a more secure, decentralized DePIN digital ecosystem across the Middle East.”

As the Web3 ecosystem expands, the need for robust privacy, security, and decentralization becomes ever more critical. This partnership with Aleph Zero aligns with stc Bahrain’s vision of propelling a secure, decentralized Internet of Values forward. Supporting Aleph Zero’s infrastructure, stc Bahrain positions itself at the cutting edge, fostering a digital ecosystem that is both secure and private.

Aleph Zero’s dedication to decentralization, alongside its wide applicability across industries, establishes it as an ideal ally for stc Bahrain. With more than 40 use cases in progress, from secure data exchanges to private voting, Aleph Zero is set to drive significant advancements across the digital landscape.

About stc Bahrain

stc Bahrain, a subsidiary of stc Group, is the fastest-growing, most innovative telecommunication operator in Bahrain. Since its inception in 2010, stc Bahrain revolutionized the telecommunications industry in the Kingdom of Bahrain and quickly became a market leader, a position that it kept to this day through investing in next-generation technologies and introducing innovative solutions to the people of Bahrain. In 2018, stc Bahrain disrupted fintech with its stc pay ecosystem of services.

stc Bahrain made many local, regional and global breakthroughs, earning it over 20 awards in just eleven years for being the best, widest and fastest network that connects people with an empowering host of products and services. Its persistent dedication to innovation has positioned it as a driving force in delivering telecommunication, digital and mobile financial services for everyday customers, homes and businesses. Together with a broad spectrum of benefits and customizable offerings that provide utmost control and flexibility in a world of evolving digital needs, stc Bahrain today has not only become the preferred Telecommunications network in Bahrain, but also the most forward-looking fearless disruptor in Telecommunication and Fintech.

For more information, users can visit https://www.stc.com.bh/ or follow stc Bahrain’s Twitter

About Aleph Zero

Aleph Zero is a layer 1 blockchain engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via ZKP and MPC, and offers a comprehensive toolset for WASM-based web3 development in Rust. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero programs.

For more information, users can visit https://alephzero.org/ or follow Aleph Zero’s Twitter

Contact

PR Manager
Josh Adams
Aleph Zero
josh.adams@serotonin.co

Bankstown, Australia, April 15th, 2024, Chainwire

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 Features 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

Users can join Xuirin Finance’s Presale here.

Contact

Aleksandar Milenkovic
XUIRIN FINANCE PTY LTD
support@xuirin.com

London, United Kingdom, April 11th, 2024, Chainwire

Metacade, the leading blockchain gaming platform, takes a monumental leap forward with the integration of multi-chains into its ecosystem.

This Omni-layer development provides universal application reach, resolving blockchain fragmentation and empowering builders across diverse chains.

The rapid integration of the Metacade Tournament Platform with the Base Layer 2 Rollup within 12 hours showcases Metacade’s technical prowess and underscores a commitment to delivering best-in-class solutions for partners and players.

The decision to introduce multi-chain functionality highlights Metacade’s vision to create the largest Web3 gaming platform, grounded in open market principles.

“We recognize that speed and low transaction costs are crucial for builders. However, game development hinges on intricate blockchain solutions,” states CEO Russell Bennett. “For Metacade to achieve genuine inclusivity, our success depends on an adaptable infrastructure, regardless of the blockchain utilized.”

The multi-chain approach considers scalability for partner road maps, allowing existing projects to remain on their native chain while maintaining platform security through an optimistic-based rollup.

What began as a vision to connect Web3 game developers with seasoned players has become an omni-layer movement to unify games across chains and provide fluid liquidity, expanding economic opportunities for builders and players alike.

A multi-chain infrastructure will optimize liquidity access, mitigate inefficiencies, and simplify asset trading processes. It offers an efficient on-ramp for gaming partners to facilitate the use of their tokens regardless of where the core of their liquidity is situated.

This pivotal development future proofs Metacade’s robust, diverse, and accessible ecosystem. For more information on Metacade and its multi-chain expansion, users can visit the new website: metacade.co.

About METACADE

Metacade is a seamless Web3 Gaming platform connecting developers and players through plug-and-play community initiatives. Providing an unfair advantage through early access, dev-player collaborations, and financial rewards.

Contact

Elly Bradbury
Metacade
marketing@metacade.co

Dublin, Ireland, April 11th, 2024, Chainwire

Donk.meme, a Solana-based meme coin has announced the launch of its presale $DONKM token presale. 

Following the successful trajectories of predecessors like Bonk and Bome, both of which experienced remarkable growth, the Donk.Meme team is eager to try to follow their footsteps.

Donk.Meme draws its inspiration from the beloved, talkative donkey character of the Shrek franchise, hoping not just to entertain but also to carve a niche for itself within the Solana Meme Coin ecosystem.

What Makes Donk.Meme Special?

Donk.Meme differentiates itself with a no-cap presale model that encourages wide participation and ensures fairness in token distribution. This approach, reminiscent of the strategies employed by successful predecessors like Book Of Meme ($BOME) and Pepe Token, are adopted by Donk.Meme.

Donk.Meme Presale Details: 

Total Supply: 1 Billion $DONKM Tokens

Presale Allocation: 700,000,0000 $DONKM Tokens (70% of the total supply).

Presale Ends: 12th April, 4pm UTC

No Minimum & Maximum Cap, this is to make it as fair as possible.

How To Join Donk.Meme Presale

1. Users should set Up A Solana wallet using trust wallet or phantom wallet.
2. If users don’t have $SOL, they need to acquire it from Exchanges like Finance, Coinbase or Kucoin or others.
3. Users should send $SOL To The Presale address and make sure it’s the official one.

A Dashboard will be provided where users can calculate the amount of $DONKM they will receive relative to the total amount of $SOL contributed. The purchased $DONKM tokens will be airdropped after the presale ends.

About Donk.Meme ($DONKM)

Donk.Meme is a pioneering meme coin project launched on the Solana blockchain, inspired by the beloved character Donkey from the iconic Shrek series.

To visit The Donk.Meme Presale Page

Users can stay Up to date By Following Donk.meme On Social Media

Website | Twitter | Telegram | Discord

DONK is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies is volatile and dangerous.

Contact

CMO
Don Putrio
Donk.Meme
heehaw@donk.meme

Singapore, Singapore, April 10th, 2024, Chainwire

On April 4th, Binance Web3 Wallet joined forces with BEVM, a leading Bitcoin Layer2, and its ecosystem project, Satoshi Protocol, to launch an airdrop campaign worth millions.

Users who bridge BTC to the BEVM via Binance Web3 Wallet and borrow at least $10 SAT (USD-stablecoin) will be eligible to share a pool of 500k OSHI and 10.5 million BEVM tokens. The campaign has attracted over 30,000 participants in just 3 days since its launch.

Satoshi Protocol is the first CDP protocol built on BEVM, live on BEVM mainnet on March 28th. In addition to the Binance campaign, there’s a referral program that allows early participants to accumulate points by borrowing the SAT and inviting friends.

What Makes BEVM Unique?

BEVM is an EVM-compatible Bitcoin Layer 2 solution that stands out in the crowded market. By leveraging Taproot consensus, Schnorr signatures, MAST, and Bitcoin SPV, BEVM achieves the highest level of decentralization and security among all BTC Layer 2 solutions.

Key features of BEVM:

• Native BTC Layer 2: BEVM utilizes BTC as the network gas and stores transaction data on the BTC mainnet, ensuring compatibility with the original Bitcoin protocol.
• EVM compatibility: Developers can seamlessly migrate their Ethereum-based dApps to BEVM, expanding the reach of these applications to the Bitcoin ecosystem.
• Decentralized and secure: BEVM employs Musig2 multi-signature aggregation and Bitcoin light nodes to achieve a trustless and secure environment.

Satoshi Protocol: Unleashing Bitcoin’s Liquidity

Satoshi Protocol is the first Collateralized Debt Position (CDP) protocol built on BEVM, aiming at providing liquidity for BTC through the SAT dollar stablecoin, expanding the scenarios of BTCFi. This move unlocks trillion-dollar liquidity within the Bitcoin ecosystem, offering users a way to maintain Bitcoin holdings while gaining liquidity.

The Bitcoin ecosystem is experiencing a renaissance. Recent advancements like inscriptions and scaling solutions have revitalized the ecosystem. Satoshi Protocol’s team views the upcoming halving and the launch of the Runes protocol as poised to attract a wave of new users.

However, a critical challenge persists the lack of a reliable, fiat-pegged crypto for seamless trading and efficient market pricing. This is where Satoshi Protocol steps in. By enabling users to borrow SAT with their Bitcoin as collateral, Satoshi Protocol offers a reliable liquidity solution within the Bitcoin ecosystem.

Satoshi Protocol Milestones

In the past month, Satoshi Protocol has built a strong community, with 60,000+ followers on Twitter and 70,000+ members across Telegram and Discord. 

Let’s see what they have achieved : 

• February 24th: Satoshi Protocol launched on BEVM testnet.
• March 18th: Testnet concluded with 100,000+ participants and 80,000+ NFT minted.
• March 24th: Smart contracts passed security audits by Scalebit and Supremacy.
• March 26th: Pre-seed funding secured from Web3Port Foundation, Waterdrip Capital and BEVM Foundation.
• March 28th: Launched on BEVM Mainnet.
• April 4th: 500k OSHI Airdrop with BEVM on Binance wallet.

How does Satoshi Protocol work?

The Satoshi Protocol utilizes a sophisticated system to maintain a stable peg of $1 for SAT. This system combines several mechanisms: over-collateralization, permissionless liquidation, stability pools, and arbitrage. Additionally, it features OSHI, a utility token granting holders 97.5% of the protocol’s revenue.

For more details about OSHI and sOSHI, refer to the official documentation: OSHI & sOSHI.

OSHI distribution

The interplay between SAT and OSHI forms the heart of Satoshi Protocol. Here’s the complete picture:

Collateralized Borrowing

When borrowing SAT, users must maintain a minimum collateral ratio (MCR) of 110%. This means the borrowed amount cannot exceed 90.9% of the deposited BTC value.

Liquidation

A liquidation is triggered if a user’s collateral value dips below 110% (MCR) due to price fluctuations. The user’s BTC collateral is sold at a discount to Stability Pool providers to repay the SAT loan. This mechanism protects the protocol and prevents borrowers from taking on excessive debt.

Maintaining the Peg

A robust three-pronged system ensures SAT’s value remains consistently pegged to the US dollar:

Redemption: Arbitrage activity helps regulate SAT’s price and keep it within the desired range. If SAT dips below $1, arbitrageurs can buy discounted SAT and redeem them for $1 worth of BTC from the protocol. Conversely, if SAT exceeds $1.1, users can borrow SAT at the MCR (110%), sell them at a premium on decentralized exchanges (DEXs), and pocket the profit.

Over-collateralization: As mentioned earlier, over-collateralization (MCR of 110%) acts as a safety net. The protocol discourages borrowers from defaulting by requiring a higher collateral value and protects itself from price fluctuations.

Stability Pool: This pool serves as a final safety measure. If a user’s collateral ratio falls below the MCR, the Stability Pool provides the necessary liquidity to execute a liquidation event and maintain protocol stability.

Satoshi Protocol x BEVM Airdrop with Binance wallet

BEVM and Satoshi Protocol recently joined forces with Binance Web3 Wallet to offer a total of 10.5M $BEVM and 500k $OSHI Token Airdrop.

By using Binance Wallet to complete tasks like bridge to BEVM, and create positions on Satoshi Protocol, you’ll be eligible to share the rewards.

Duration: 2024/04/04-2024/05/04

Rewards: 10,500,000 BEVM and 500,000 OHSI

Tasks:

1. Using Binance Wallet
2. Bridge BTC to the BEVM ( 0.0004 BTC, ~$25)
3. Create positions on Satoshi Protocol ( at least 10 SAT )

Join Binance Wallet Airdrop Campaign

How to Participate in this Campaign

STEP 1: Users should go to Campaign Landing Page, and connect Binance Wallet

STEP 2: Withdraw BTC and bridge to BEVM

• Suggest withdrawing at least 0.0004 BTC to complete the task
• Using OmniBTC to transfer BTC from BSC to BEVM
• Using BEVM bridge to transfer BTC from mainnet to BEVM ( ~ 30mins )

STEP 3: Users should go to Satoshi Protocol, and create Position

Users should go to Satoshi Protocol, and Connect Wallet

1. Input BTC Amount
2. Borrow SAT ( at least 10 SAT )
3. (Optional) Fill in your referrer, get 150+ points
4. Click “Approve”
5. Click “Create Position”

Binance Wallet Mobile tutorial: Create Position Using Binance Web3 Wallet

Upon completing all those steps, the user becomes qualified for the BEVM and OSHI airdrop!

Bridging the Future: Satoshi Protocol and Binance Wallet’s Airdrop Campaign

Satoshi Protocol represents a glimpse into the future of Bitcoin finance. By leveraging the BEVM and a robust CDP model, it allows users to borrow BTC-backed stablecoin SAT and expand the possibility for Bitcoin Ecosystem. 

Binance Wallet launched an airdrop campaign with a total of 10.5M $BEVM, 500K $OSHI for those who bridge BTC to BEVM and create positions on Satoshi Protocol, which is also Binance Wallet’s first integration with a Bitcoin Layer 2 solution. BTCFi is heading west.

About Satoshi Protocol

Built on BEVM, it’s the first CDP protocol to unlock the true potential of Bitcoin. Unleash unprecedented liquidity through SAT, a stablecoin designed to supercharge the booming BTCFi market.

To learn about Satoshi Protocol, users can follow:

Website | Web APP | Twitter | Telegram | Discord | Docs | Blog

Contact

Marketing
Hugo
Satoshi Protocol
marketing@satoshiprotocol.org

Paris, France, April 10th, 2024, Chainwire

Sui Basecamp, the inaugural global conference for the Sui ecosystem opened its doors today in Paris, welcoming developers and entrepreneurs from around the world as they celebrate Paris Blockchain Week. A two-day event across two venues, Sui Basecamp features speakers across web2 and web3, spanning industry verticals from payments to gaming to ecommerce to major league sports. A celebration and exploration of the latest developments in web3, attendees are invited to presentations on cryptography from some of the world’s leading technologists, fireside chats on increasing market liquidity, and panels on real-world technological use cases. 

Highlight announcements from the conference included: 

• Introducing the SuiPlay0x1 – a lightweight handheld gaming device designed in collaboration with Playtron. SuiPlay0x1 runs Playtron’s device-agnostic gaming operating system, which is building up compatibility with various hardware configurations, gaming storefronts and direct-download game partners. The SuiPlay is the first handheld gaming device with native web3 capabilities, and will be available in stores worldwide in 2025. 
• First Digital Labs is launching FDUSD, the fastest-growing stablecoin in crypto, on Sui, becoming the ecosystem’s first native stablecoin. Originally deployed on Ethereum and BNB, with plans to expand to other blockchains, Sui becomes the first blockchain FDUSD has expanded to since its inception. FDUSD launched in August 2023 and has already amassed a market cap of over $3.5 billion. Over the last week, FDUSD has seen the fifth-highest trading volume across the entire industry, including over $8 billion of volume in a single day.
• Enoki – Mysten Labs, the original contributor to Sui, has announced the launch of the Enoki platform, the gateway to next-gen customer experiences. Inside the Enoki portal, enterprises can access, leverage and embed public ledger solutions inside their applications, products and services, thanks to SDKs powered by Sui’s native feature, zkLogin. Partners integrating Enoki at launch include:
• Bluefin, a perpetual DEX with blazing-fast settlement and a seamless trading experience.
• Drife, a decentralized ride-hailing platform powered by blockchain with the intent of empowering both, the drivers and commuters.
• Quantum Temple, the digital platform for immersive cultural travel.

The event is a two-day affair that began at 9:30 AM local time on Wednesday, April 10, and concludes at 4:15 PM CET on Thursday, April 11. On Wednesday night, registered guests are invited to attend the Sui Soiree, an evening of cocktails, refreshments and dancing with a performance by German electronic music record producer, songwriter and DJ, Boys Noize. For more information, please visit sui.io/basecamp. 

About Sui—Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io 

About Mysten Labs—Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com 

About First Digital Labs—First Digital Labs is the brand name of FD121 Limited, a Hong Kong-registered subsidiary under the First Digital Group. First Digital Labs focuses on cutting-edge research and development, specializing in the innovation and advancement of digital assets. First Digital Labs is the issuer of the FDUSD stablecoin. To learn more about First Digital Lab, visit https://firstdigitallabs.com/.  

About Playtron—Playtron is building a lightweight gaming OS optimized for a new generation of powerful handheld gaming PCs and beyond. Play all your games from every store: Steam, Epic, GOG, and more. Playtron’s founders built Android to 1B users while simultaneously overseeing a multi-hundred person operational system team in an attempt to unseat the incumbent mobile duopoly. Playtron is backed by Samsung Next, Polychain, Circle, Mysten Labs, Alumni Ventures and more. Playtron-powered devices will start to ship world wide later this year ready to onboard the next 100 million core and casual gamers.

Contact

Sui Foundation
media@sui.io