Author: chainwire

Singapore, Singapore, 30th March, 2023, Chainwire

Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability.

Without Core’s advancements, crypto has been plagued by the “Blockchain Trilemma,” which states that decentralization, security, and scalability can never be achieved simultaneously. Tackling the Trilemma head-on, Core DAO contributors have designed a unique consensus mechanism known as Satoshi Plus, which marries the decentralization and security of Bitcoin’s Proof of Work (PoW) with the scalability of Delegated Proof of Stake (DPoS). 

With Satoshi Plus consensus, both Bitcoin miners and CORE token holders can participate in network security by delegating their BTC hash power and staked CORE to a decentralized set of validators. With Bitcoin’s decentralization and DPoS’ scalability, validators on Core can securely and quickly produce blocks and validate transactions. Given this ingenious synthesis of blockchain principles, Core DAO contributors must now be considered thought leaders in blockchain innovation. 

Continuing to leverage the best features of all blockchains, Core is also EVM-compatible, allowing for the easy implementation of smart contract applications from Ethereum-based chains. The choice of EVM-compatibility, like other Core design choices, results from years of research into the trade-offs of other chains. This student-like approach allows Core to embody the essence of blockchain philosophy centered on decentralization and freedom.

Inspired by philosophy and innovation, Core’s massive and enthusiastic community constitutes over 1.7 million followers on Twitter and over 239,000 members on Discord. Carrying over to on-chain activity, the recent CORE token airdrop was received by over 1.2 million participants, making it one of the largest smart contract interactions of all time. Looking forward, Core’s recent integrations with top-tier projects like Layer Zero are sure to lead unparalleled ecosystem development as more projects continue to see the Core opportunity. 

With leading builders, a growing community, and a groundbreaking consensus mechanism, Core is rising to revolutionize the blockchain space.

About CoreDAO

CoreDAO is a new independent blockchain powered by Satoshi Plus, an innovative consensus mechanism that directly leverages the Bitcoin mining hash rate and the Ethereum Virtual Machine (EVM) to power an optimally decentralized, secure, and scalable web3. Core DAO’s genesis and inspiration come from Bitcoin and Ethereum, but its ambition travels beyond those blockchain titans.

Contact

PR in charge
Antonio Wu
MEXC Global
antonio@mexc.com

MELBOURNE, AUSTRALIA, 29th March, 2023, Chainwire

Brand Ambassadors Daniel Ricciardo, Scotty James, and McLaren F1 driver Oscar Piastri join event at Melbourne Arts Centre to celebrate ahead of Australian Grand Prix 

OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that it will open an office in Australia in the coming months.

The announcement was made at an exclusive event for Australia’s crypto community at the Melbourne Arts Centre, and was attended by OKX Ambassadors Scotty James and Daniel Ricciardo.

OKX Ambassadors Daniel Ricciardo (left) Scotty James (right)

On 30 March, the Australian Grand Prix commences and will feature the OKX-sponsored McLaren F1 Team car driven by Australian Oscar Piastri and Lando Norris.

Haider Rafique, Chief Marketing Officer at OKX, said: “Our ambition is straightforward – to become the leading crypto platform in the world. We see Australia as an indispensable part of this strategy and a key growth market. With such a strong uptake of crypto in Australia already, we’re committed to the local market and aim to build a strong local office.”

Daniel Ricciardo, Australian F1 driver and OKX Ambassador, said: “I’m very excited to see OKX plan an office in my home country. I had a great time celebrating with the OKX team and the crypto community today. The future looks bright for OKX in Australia.”

Scotty James, Australian Olympic snowboarder and OKX Ambassador, said: “Crypto never sleeps, and OKX continues to build its community. Australia is a special place for crypto, and it is exciting to see OKX announce it will be opening an office in Australia.”

OKX’s commitment to trust and transparency is showcased by its publishing of Proof of Reserves (PoR) on a monthly basis. OKX holds the largest 100% clean reserves among major exchanges at USD$8.9 billion, according to third party data. Reserves and liabilities can be self-verified with trustless tools on the OKX website.

OKX CMO Haider Rafique (left) and McLaren F1 Driver Oscar Piastri (right)

OKX Ambassadors Scotty James (left), and Daniel Ricciardo (right) pose with OKX CMO Haider Rafique (center)

About OKX

OKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume and is trusted by more than 50 million users.

OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.

OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.

 

Contact

OKX
media@okx.com

London, UK, 29th March, 2023, Chainwire

Metacade, one of the most exciting GameFi ventures of 2023, has now raised over $14.7m as the presale goes into its final hours. With over 90% sold, the project expects to sell out ahead of their scheduled closing time, set for Friday 31st March at 23:59 Pacific Time. 

Metacade’s CEO, Russell Bennett, commented: “We are rocketing towards the finish line and think we may even get there ahead of time, the support from the community has been fantastic and we’re delighted with our success so far. Although the work has only just begun for us, and now is time to prove what we can really do by overdelivering on our roadmap and other fronts!”

Metacade tokens can be purchased until they sell out or until March 31st, whichever is sooner. Users can participate in the final stage presale here.

The announcement of their impressive fundraising milestone follows a string of positive developments presented in a live 3 part ‘Metaseries’ by Metacade CEO Russell Bennet. This included a product walkthrough, highlighting the progress they have made so far, as well as a detailed overview of their staking plan and listing plans. The Metaseries can be viewed on their YouTube Streams channel here.

Following on from the presale closing, Metacade will list their MCADE token on Uniwsap on the 6th April, and then BitMart on the week ending 16th April, with several more exchange partnerships following shortly after.

As one of the first community-driven arcades in the blockchain arena, Metacade will offer a plethora of play-to-earn (P2E) games that will incentivize players with the native MCADE token based on their achievements. This a highly appealing option for those looking to explore the exciting world of community-driven arcades.

Metacade’s earning mechanism has been tailor-made to appeal to a wide range of blockchain enthusiasts, with the platform striving to become the go-to hub for Web3 users.

The Metacade whitepaper highlights a number of noteworthy features, but one that particularly stands out is its innovative Metagrants program. Operating via a voting system, the program allows members of the Metacade community to propose and vote on projects that they deem worthy of funding. Once a project has been approved for funding, the developer receives a grant from the Metacade treasury, which they can use to develop their game.

One of the key advantages of the Metagrants program is that it fosters the growth of the blockchain gaming industry by providing financial support to promising new projects for up-and-coming blockchain game developers.

The Metagrants program operates in an innovative way that allows developers to submit funding applications to support the design and creation of the next generation of GameFi titles. Once submitted, these are then assessed by the Metacade community, where MCADE holders can cast their votes in support of their favorite proposals. The most popular ideas are awarded with crypto investments to support the game production process, with the first Metagrant game set to debut on the platform in Q1 of 2024.

Metacade tokens can be purchased until they sell out or until March 31st, whichever is sooner. Users can participate in the final stage presale here.

About Metacade

Metacade aims to become the go-to hub for gaming within the metaverse. As the first community arcade in the Web3 space, it provides a platform for gamers to socialize, share their gaming expertise, and play exclusive P2E games. By offering various income-generating opportunities and career-building pathways within the Web3 ecosystem, Metacade looks set to become an important hub for the gaming community to connect and engage with like-minded enthusiasts.

Putting Metacade on par with other projects like The Sandbox, Polygon, and Axie Infinity, the highly anticipated P2E platform has earned approval from CertiK, a top-tier blockchain auditor, which gives investors peace of mind that the project’s code and specifications have been reviewed and that the Metacade team has passed the KYC process, instilling confidence in the project’s legitimacy.

The overwhelming enthusiasm surrounding Metacade’s presale is indicative of its potential to become the go-to GameFi hub for P2E gamers alongside a wide range of other use cases. 

Website | Whitepaper | Metacade Socials

Contact

CEO
Russell Bennett
Metacade
pr@metacade.co

Toronto, Canada, 27th March, 2023, Chainwire

• Winkles & Flam™, the ‘Cosplaying Canadian Kitties™,’ are the First Original Cartoon Duo of the web3 space, launching exclusively on OpenSea Drops
• Sphynx Ink Inc. comprises Oscar®-Nominated Filmmaker Adam Benzine (HBO’s Spectres of the Shoah) & BAFTA®-Winning Illustrator Dele Nuga (The BBC’s The Clangers)
• Non-PFP and non-generative, Winkles & Flam marks a radical new model for Digital Collectibles, with high-quality, hand-drawn illustrations & weekly/seasonal releases
• The first project to partner with Mint Foundry, the new Visual Metadata Editor from the team behind acclaimed ‘No Code’ NFT service Mintplex Labs

Canadian art collective Sphynx Ink Inc. is partnering with OpenSea’s exclusive “Drops” platform to launch Winkles & Flam, a ground-breaking Digital Collectibles project introducing the first cartoon duo of the web3 space.

Created by Oscar®-nominated filmmaker Adam Benzine and BAFTA®-winning illustrator Dele Nuga, Winkles & Flam – the ‘Cosplaying Canadian Kitties’ – are adorkable sibling Sphynx cats who dress up in homemade, video game-inspired outfits. A year in the works and featuring original, hand-drawn art, the project differs radically from current NFT projects. It is not a PFP (Profile Picture). Nor does it use generative elements.

Launching April 3 with weekly content drops, rather than all at once, Winkles & Flam will run for five seasons, with sets of hand-drawn images comprising a mix of free mint, fixed-price and auctioned offerings. Each set draws inspiration from an iconic video game, with an educational component – Winklepedia™ – focusing on the history of video games.

A Season Pass goes on sale today (March 27) exclusively via OpenSea Drops, limited to just 1,000 copies and guaranteeing buyers all 30 cards from Season 1.

Winkles & Flam is the first major project to use Mintplex Lab’s cutting-edge, visual metadata editor Mint Foundry, which allows creators to edit and update information in real-time, without coding knowledge.

Winkles & Flam Creator Adam Benzine says: “Winkles & Flam marks the start of ‘Phase 2’ of the Digital Collectibles space, focusing on original characters, narrative, quality and reliability, led by doxxed creators with a proven track record.

“The market has grown tired of low-quality, rug-pull pump-n-dumps and vaguely conceived, cash-grab metaverses. A steady stream of garbage profile pictures has turned off consumers. It’s time for something fresh.”

Winkles & Flam Co-Creator Dele Nuga adds: “We’re thrilled to partner with OpenSea Drops and grateful to the geniuses at Mintplex Labs for devising a solution for our unconventional release strategy. We believe Winkles & Flam will be the first of many projects to move to a character-based, weekly release strategy, focusing on personality, storytelling and community.”

Season 1 of Winkles & Flam launches on April 3 and runs for 10 weeks, with weekly free mint cards (featuring Winkles) and fixed-priced cards (featuring Flam) released on Polygon. Winkles & Flam: Platinum cards (unique 1-of-1s featuring the duo together in playful scenarios) will be auctioned daily on Ethereum. Check out winklesandflam.com for more info. 

(NOTE: Winkles is the pink kitty with blue eyes. Flam is the grey kitten with green eyes.)

About Sphynx Ink Inc.

Founded by Oscar®-nominee ADAM BENZINE and BAFTA®-winner DELE NUGA, Sphynx Ink Inc. is the Toronto-based art collective behind WINKLES & FLAM™, The Cosplaying Canadian Kitties™!

LINKS:

Winkles & Flam on OpenSea Drops: opensea.io/collection/winklesandflam-seasonpass/drop

Winkles & Flam Official Site: winklesandflam.com

Winkles & Flam LinkTree: linktr.ee/winklesandflam

Winkles & Flam Creator Adam Benzine: en.wikipedia.org/wiki/adam_benzine

Mintplex Labs: mintplex.xyz

Contact

Press Enquiries
Sphynx Ink Inc.
winklesandflam@gmail.com

Toronto, Canada, 27th March, 2023, Chainwire

​​XCMG Construction Machinery Co., Ltd. (000425.SZ), the world’s third largest construction machinery manufacturers, announced a partnership with Conflux, a leading public blockchain network, and Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company. The partnership aims to leverage blockchain and Web3 technologies to explore more international use cases.

The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will leverage the strengths of all three companies to explore new scenarios for the application of blockchain and Web3 technology in the global market. By combining XCMG’s extensive global network with Conflux’s cutting-edge technology and Zen Spark’s fintech expertise, the three companies aim to develop new use cases for blockchain and explore the potential of Web3.

XCMG currently ranks third place in the world’s top 50 construction equipment manufacturers, according to KHL Group’s Yellow Table 2022 ranking. In the first half of 2022, despite obstacles, XCMG expanded to overseas markets and achieved export revenue of RMB 12.488 billion ($1.83 Billion), a year-on-year increase of 157.28%. As a world leader in the construction machinery industry, XCMG’s vision is driven by long-term investment and high-level innovation in research and development into the technology surrounding its equipment.

“We are excited to partner with Conflux and Zen Spark to explore new opportunities in global markets,” said XCMG’s Vice President of Machinery and General Manager of Import and Export Company, Liu Jiansen. The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd is a significant milestone in the development of blockchain technology and its application in traditional industries. As the world becomes increasingly interconnected, the ability to leverage blockchain and Web3 technology to drive innovation and explore new business models is more important than ever.

“We are thrilled to partner with XCMG and Zen Spark to explore new opportunities in the global market,” said Fan Long, Founder of Conflux. “With our cutting-edge blockchain technology, and the expertise of Zen Spark in fintech and blockchain, we are well-positioned to create new solutions and explore new use cases for blockchain and Web3 technology. This partnership is a testament to our shared commitment to innovation and our belief in the potential of blockchain to transform traditional industries.”

“Zen Spark is excited to be partnering with XCMG and Conflux on this initiative, and we are confident that our fintech and blockchain expertise will complement the strengths of our partners,” said Grace, CEO of Zen Spark Technology Pte Ltd. “We look forward to exploring new opportunities in the global market and contributing to the development of innovative solutions that benefit businesses and consumers alike.”

At the CONEXPO-CON/AGG trade show in Las Vegas, XCMG announced their entry into Web3 by revealing Bored Ape Yacht Club NFT #3489 (BAYC #3489) as the brand’s Metaverse Ambassador. Additionally, XCMG and Conflux plan to jointly issue their first NFT collection for overseas markets in the near future. As XCMG continues to explore new opportunities in the blockchain and web3 space, the company is excited to leverage its partnership with Conflux and Zen Spark Technology Pte Ltd and their expertise in distributed ledger technology and fintech to bring innovative solutions to the global market.

The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will be closely watched by industry experts and investors, as the three companies explore new opportunities and drive innovation in the global market. With the power of blockchain and Web3 technology, the possibilities are endless, and the future looks bright for XCMG, Conflux, Zen Spark and the global community.

About XCMG

XCMG is the world’s 3rd largest construction machinery company, holding the 65th position in China’s Top 500 Companies, the 44th spot in China’s Top 100 Manufacturing Enterprises, and ranking 2nd among China’s Top 100 Machinery Manufacturers. Throughout its robust and steady growth in the global market, XCMG has systematically established a vast marketing network encompassing over 2,000 service terminals, more than 6,000 technical experts, and in excess of 5,000 marketing and sales service staff. This expansive network spans 183 countries and regions, enabling XCMG to consistently offer its worldwide clientele comprehensive, integrated, highly efficient, and convenient one-stop services, including pre-sales, sales, after-sales, and financing solutions.

About Conflux Network

Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security. As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.

About Zen Spark

Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company, is passionately committed to expanding the real-world applications of blockchain technology on a larger scale. Zen Spark Technology develops groundbreaking solutions that seamlessly integrate blockchain technology into real-world use cases. This includes areas such as supply chain management, digital identity verification, data security, and decentralized finance (DeFi), among others.

Contact

Melissa Tirey
conflux@shift6studios.com

Victoria, Seychelles, 27th March, 2023, Chainwire

• OKX makes it more convenient than ever to directly deposit and withdraw Turkish Lira (TRY), streamlining the trading experience for Turkish users
• Full features now live on Android, iOS and web

OKX, the world’s second-largest crypto exchange by trading volume, today launched Turkish Lira (TRY) deposits and withdrawals on Android, iOS and web. 

The move comes as OKX deepens its focus on the fast-growing Turkish market and greatly expands its offerings for users around the world wanting to trade crypto with TRY. 

Haider Rafique, Chief Marketing Officer at OKX, said: “Our goal is to become the leading crypto platform in Türkiye. This starts with listening to the community about their needs and investing in the market. We want to give the Turkish community a platform to explore, experiment and dream up the future with us. Perhaps we will see the next big thing come out of Türkiye with the support from us and other crypto companies.”

OKX recently announced its name sponsorship of Istanbul Fintech Week, taking place on 13-14 April, 2023. Tim Byun, OKX’s Global Government Relations Officer, will deliver a keynote at the event. 

Trust and transparency are paramount to OKX, which publishes its Proof of Reserves on a monthly basis and enables users to self-verify reserves and liabilities using open-source tools. OKX’s reserves have been evaluated by third-parties to be the largest 100% clean asset reserves of any major exchange.

For more information on OKX, please visit OKX.com.

About OKX

OKX is the second-largest crypto exchange by trading volume and a leading Web3 ecosystem. It is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. 

To learn more about OKX, download our app or visit: okx.com

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Contact

Media
OKX
media@okx.com

Denmark, Copenhagen, 24th March, 2023, Chainwire

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance, the decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum, announced a $1 million seed round funding led by Animoca Ventures, with participation from Hailstone Ventures and various angel investors.

Narwhal Finance empowers users to engage in leveraged trading across an extensive array of pairs, including crypto, forex, indexes, and stocks, with leverages up to 1000x. Through its copy trading function, users can seamlessly follow top traders, earn substantial profits even with limited market knowledge, and enjoy an exceptional trading experience. 

With the vision of becoming the #1 decentralized cross-market trading platform, Narwhal Finance combines the best of DEX experience and social trading to offer users full transparency, confidence, and an effortless trading experience.

“We are thrilled to have received such strong support from our investors in this seed funding round,” said Coco, Lead Developer of Narwhal Finance. “This funding will enable us to execute our vision of providing an exceptional decentralized leveraged trading platform accessible to all. We are grateful for the opportunity to bring our innovative solution to the market and are excited for what the future holds.”  

As a leading investor in the blockchain industry, Animoca Ventures recognizes Narwhal’s potential to disrupt the decentralized perpetual space. “We are excited to support Narwhal Finance’s journey to revolutionize decentralized leveraged trading,” said James Ho, Head of Animoca Ventures. “We believe that the team’s expertise, combined with the platform’s innovative technology, can potentially disrupt the decentralized perpetual trading space. We see tremendous potential in this partnership and look forward to supporting Narwhal Finance as it grows and innovates.”

About Narwhal Finance

Narwhal Finance is a cross-market decentralized perpetual exchange that offers a unique solution for social trading by enabling leveraged trading of all asset classes through synthetic assets. Liquidity providers on Narwhal earn a yield from trading fees and top traders’ performance, making it a profitable opportunity for all parties involved.

For more information or media inquiries, please contact marketing@narwhal.finance.

Contact

Narwhal Marketing
marketing@narwhal.finance

Los Angeles, United States, 22nd March, 2023, Chainwire

GDC 2023 is finally in full swing, and a mysterious Oscars-style red carpet and stage are piquing the interest of global game developers. Thanks to a gamer grandma and her robotic feline buddy, this year, for the first time, game-makers of all sizes will have the chance to share the limelight and promote their games on stage, live stream, and on social media.

Located in the prime location of the Moscone South lobby at GDC 2023, the stage is hosted by virtual influencer Babka. Her fellow time-traveling companion, Nushi, the cat, will also be in attendance and has taken the form of a robotic quadruped, crafted by esteemed Hollywood creature artist Salvatore Salamone, whose credits include The Dark Crystal: Age of Resistance and Avengers: Endgame. Babka and Nushi’s mission is to show the power of interactive technology and how games can transcend the screen, meeting thousands of game devs eager to get the word out about their newest game releases and upcoming projects. The duo will be at the show until Friday, March 24, 2023.

Developers who walk the red carpet will get the chance to take a photo with Babka and Nushi, as well as conduct a video interview about their projects to be streamed on Twitch and promoted across various social media channels including Twitter, Instagram, and TikTok. Streams and footage will be shared under the hashtag #LivingLegends, encouraging influencers, gamers, and developers alike to give a shout-out to their favorite creators in a celebration of the global games industry’s creativity. Special giveaways are also up for grabs throughout the event.

“Game developers are celebrities in the future, so much so that Nushi and I traveled back in time just to meet some of our favorites, which isn’t easy!” said time-traveling gamer grandma and virtual influencer Babka. “And when I say favorites, I mean everyone because we love all creators. GDC is not just a large get-together of the global games industry, it’s a celebration of it. So please drop by and tell the world about your amazing games, and also take a selfie with Nushi and me! Please. Seriously. We have traveled across the space-time continuum to meet you!”

The event is open to GDC ticket holders and can be found at the Moscone Center in San Francisco in the Moscone South lobby. Starting Wednesday, March 22, Babka will be streaming on-site and online with Twitch influencers such as Esfand. Interviews, photos, and the #LivingLegends stories will be shared across social media. users can catch up with the latest events from the show floor by following Babka (@yo_babka) on Twitter and Instagram and Nushi the cat (@yo_nushi) on Twitter and Instagram accounts.

About Babka and Nushi

Babka is a gamer, grandma, and virtual influencer who has traveled back to our present to meet her favorite game creators, #LivingLegends at #GDC23. Babka’s mission is to meet developers, promote their games, and help the entire industry find success. Babka was led to the present by Nushi, Babka’s dedicated scout, who took the form of a robotic cat and became the first animal consciousness to traverse time and the metaverse.

Contact

CEO
Rana Rahman
Raptor PR
rana@raptorpr.com

Ho Chi Minh City, Vietnam, 22nd March, 2023, Chainwire

Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions, with its ability to scale Ethereum and enable faster and cheaper transactions.

On March 16, Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, to its eligible Arbitrum ecosystem users as part of its transition, noting that the project is “leading the way as the first L2 to launch self-executing governance.”

This airdrop, estimated to go live on 23 March, is set to be one of the biggest airdrop in crypto history.

KyberSwap was among the protocols whose users bridged to Arbitrum and conducted swaps on the platform, thereby becoming eligible for the $ARB Airdrop.

KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, will launch the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain. These moves mark significant steps forward for KyberSwap, as it will assist to catalyse significant liquidity inflows, thus increasing TVL and provide more earning opportunities in the rapidly growing Arbitrum ecosystem.

With the launch of the $ARB liquidity pools, KyberSwap users will now have access to more trading pairs and liquidity options. Liquidity providers will also have more opportunities to earn fees and rewards by adding liquidity to the $ARB pools and participating in liquidity mining programs by KyberSwap.

The following ARB pools will be eligible for liquidity mining rewards:

Token Pairs 

• ARB-ETH (2%)
• Apr ARB-ETH (5%) 
• ARB-USDT (2%) 
• ARB-USDT (2%) 
• ARB-KNC (5%) 

An estimated total of 70,000 KNC has been allocated as reward incentives.

*Incentives may continue after the designation duration is over; to be confirmed at a later date.

Greater Flexibility with new Fee Tiers

With these highly anticipated yield farms, KyberSwap is introducing new 2% and 5% fee tiers, which exceeds their current highest offering of 1%. These new fee tiers provide opportunities for $ARB farmers to benefit from the anticipated high volatility and trading volume, during the price discovery phase after the airdrop. These pools offer superior returns in addition to the farming rewards, and as a liquidity protocol that has been seamlessly integrated by multiple DEXs and aggregators, KyberSwap is well poised to serve the trading needs of the entire chain not found with other competitors.

“We are excited to launch the first ever $ARB liquidity mining pools,” said Victor Tran, CEO and Co-founder of KyberSwap. “These farms will mark the beginning of an extensive Arbitrum-centered campaign KyberSwap has planned, and we will announce more rewards and activities soon for both LPs and traders. Additionally, traders can set their prices to purchase or sell $ARB with our limit order function and swap at the optimised rates with our aggregator.”

Other Arbitrum Yield Farms on KyberSwap

Apart from the upcoming ARB farms, there are other ongoing Arbitrum-based yield farms on kyberswap.com:

Depending on the success of $ARB trading volume, the KyberSwap team is planning additional rewards post-launch for traders and liquidity providers which may include $ARB and $KNC airdrops, and commemorative NFT rewards.

According to Nansen, Arbitrum was one of the fastest-growing blockchain in 2022 with more than $1.1 billion locked in its ecosystem and a rapid increase in transactional volume, this layer-two scaling solution gained massive traction during the year.

*Arbitrum Active Addresses/Transactions

The $ARB token liquidity pools, liquidity mining, and trading campaigns are set to go live on KyberSwap soon, with further details and instructions to be provided on KyberSwap’s Twitter and on kyberswap.com.

About KyberSwap

Kyber Network is building a world to make DeFi accessible, safe and rewarding for users. Their flagship product, KyberSwap, is a next-gen DEX aggregator providing optimised rates for traders and returns for liquidity providers in DeFi.

For liquidity providers, KyberSwap has a suite of capital-efficient protocols designed to optimize rewards. KyberSwap Classic’s protocol is DeFi’s first market maker protocol that dynamically adjusts LP fees based on market conditions, while KyberSwap Elastic is a tick-based AMM with concentrated liquidity, customizable fee tiers, reinvestment curve and other advanced features specially designed to give LPs the flexibility and tools to take your earning strategy to the next level without compromising on security.

KyberSwap powers 100+ integrated projects and has facilitated over US$15 billion worth of transactions for thousands of users since its inception.

Currently deployed on 13 chains, including Ethereum, Polygon, BNB, Avalanche, Fantom, Cronos, Arbitrum, BitTorrent, Velas, Aurora, Oasis, Optimism and Solana, KyberSwap aggregates liquidity from over 80 DEXs to give users the best rates possible for their swaps. 

Contact

Marketing Specialist
Tania Hay
KyberSwap
tania@kyber.network