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  • XSOLLA Founder Shurick Agapitov Releases New Book Once Upon Tomorrow, A Visionary Take on The Metaverse and Its Impact on Global Creativity

    XSOLLA Founder Shurick Agapitov Releases New Book Once Upon Tomorrow, A Visionary Take on The Metaverse and Its Impact on Global Creativity

    Sherman Oaks, United States, January 30th, 2024, Chainwire

    Shurick Agapitov, a visionary author and the Founder of Xsolla unveiled his groundbreaking new book, “Once Upon Tomorrow,” today. This pioneering work offers a transformative and aspirational vision of the Metaverse, contrasting markedly with mainstream narratives. Agapitov’s book is a thought-provoking journey into the possibilities and potential of the Metaverse, providing a unique perspective diverging from the views often presented at industry conferences and by technology CEOs.

    “In ‘Once Upon Tomorrow,’ I present a vision of the Metaverse as a vast, inclusive, and transformative space. It’s not just a digital frontier but a realm where creativity, innovation, and empowerment converge. This book is my invitation to creators, thinkers, and dreamers across the globe to join in shaping a future where technology amplifies human potential and fosters a world of limitless possibilities. The Metaverse, as I see it, is not about control or confinement but about unleashing the collective creativity and entrepreneurial spirit inherent in all of us,” said Shurick Agapitov, Founder of Xsolla and acclaimed author of “Once Upon Tomorrow.”

    Once Upon Tomorrow” delves into the untapped potential of the Metaverse, highlighting its capacity to unite emerging and legacy brands, create unforgettable consumer experiences, and enrich cultures globally. Agapitov emphasizes the Metaverse’s role in democratizing opportunities and equal access to cutting-edge technologies. His vision extends beyond mere technological innovation, underscoring the Metaverse’s potential to empower and reward content creators across the globe. The book also highlights the significant impact of the Metaverse on education, offering hope and opportunities for both children and adults worldwide. Agapitov advocates for a decentralized Metaverse moving away from Silicon Valley’s dominance, placing control, profit potential, and freedom in the hands of creative communities.

    “Once Upon Tomorrow” is more than just a book about the Metaverse; it’s a roadmap to a future where technology serves humanity in all its diversity, fostering financial, social, and creative inclusivity. Agapitov envisions a future where every consumer-facing industry, from fashion to healthcare and entertainment, is transformed. The book also explores the potential impact of the Metaverse on business-to-business sectors, education, city planning, inter-government relations, and non-profit efforts.

    Agapitov’s insight into the evolution of technology, from the early days of Instagram and Snapchat to the future of immersive applications, is a key highlight of the book. He discusses the roles of various technology stakeholders, including internet hosting providers, website developers, cloud computing experts, infrastructure engineers, and the ongoing need for advanced networking and hardware. “Once Upon Tomorrow” is a visionary piece that invites readers to rethink the Metaverse and its limitless potential.

    For additional information and to purchase please visit: onceupontomorrow.com

    About Shurick Agapitov

    As the founder of Xsolla, Inc., Shurick Agapitov is a highly respected innovator and advisor in gaming, Web3, Metaverse, and fintech. His trailblazing video game company integrates blockchain technology, providing developers with advanced tools and services for more effective game operations and sales. With a global presence, including offices in Los Angeles, Berlin, and Seoul, Xsolla, under Shurick’s leadership, is shaping the future of gaming and the Metaverse, fostering a more decentralized and inclusive industry.

    For additional information about Shurick Agapitov please visit: themarque.com or LinkedIn.com 

    Contact

    Director
    Derrick Stembridge
    Xsolla
    d.stembridge@xsolla.com
    919-971-7855

  • Hold Or Use: Is Cryptocurrency Best Held as an Investment or Used Day-to-Day?

    Hold Or Use: Is Cryptocurrency Best Held as an Investment or Used Day-to-Day?

    A lot of the early stories people heard about crypto had something to do with its growth and the profit some people made out of getting in on cryptocurrencies early. You might say that this was an inadvertent side-effect of cryptocurrencies which were actually made to be used, rather than just being made as an investment piece for people.

    Like any currency, the addition of cryptocurrency created another tradeable asset and there were those who bought Bitcoin when its value was much lower. The intention, though, is not for this to sit in investment accounts, it is more to revolutionize the way money is used and add protection for the users, cutting out banks and reducing the need for a middleman.

    Cryptocurrency in Use

    Using cryptocurrency is easier than ever before as there are more businesses accepting the payment method. The industry that has embraced it the most is the gambling industry, with crypto becoming a huge way to deposit and withdraw from gambling accounts.

    When playing at an online casino for real money, people want both convenient ways to deposit and a high level of security, and crypto can provide both. Bitcoin casinos have become more common, and some established casinos that have been around for decades are also accepting these payment methods.

    Crypto gives people a level of anonymity as well as autonomy, and no bank or bank account is needed to make the payments, as it takes place using crypto wallets. In casinos, people can use their crypto balances to play poker, baccarat, and more games that have been around for hundreds of years but now have a modern twist. There are also new games such as crypto slots and “Crash” games with an interface that replicates the stock markets.

    Crypto has proven to be a popular match in other industries, too, but sometimes requires a separate payment facilitator. For instance, much of the gaming industry has embraced crypto through the help of BitPay, they provide a way for people to make transactions using cryptocurrencies, and for the company to be paid in their chosen currency. Effectively, it performs an exchange during the transaction, but to the consumer, all that matters is the fact that they can pay using their chosen currency and buy games and other items using crypto. Similar arrangements exist at many top retailers meaning people can buy things like food and drink, clothing, and even a car using crypto!

    Paying in person has become much more straightforward, too, with many retailers having payment solutions for mobile pay, letting you use a contactless method to pay with some Bitcoin.

    Cryptocurrency as Investment

    Every investment can go up or down, and the key is for people to do their research. New cryptocurrencies are being launched all the time, as well as other blockchain-based technology such as NFTs, forming another option for peoples’ investment.

    There is a huge industry involved in cryptocurrencies now, including predictions of whether the cryptocurrencies are going to go up or down in value, though nobody can tell for certain, like all forms of investment.

    Investment analysis can show whether currencies have gone up or down in value and this shows the potential for investors.

    Cryptocurrency’s Use in 2024 and Beyond

    Cryptocurrency, including the most popular currencies like Bitcoin, has spread around the world, and in some countries a high percentage of the population uses crypto. In Nigeria and Turkey, almost half of the population uses cryptocurrencies, which shows how mainstream the currencies have become since their launch.

    Some large companies also hold a huge number of Bitcoin, for instance, Elon Musk’s Tesla is known to have almost 10,000 Bitcoin in reserve, and Musk has been a long-time advocate of cryptocurrencies. For a while, Tesla directly took Bitcoin as a payment method, so people could buy their new car using decentralized currency.

    Use is predicted to continue to grow as people seek more security and embrace modern payment methods. People are getting more used to paying on mobile devices and there are many more big businesses starting to accept the payment method, which also helps to drive crypto.

    As you can imagine, there are new companies using blockchain technology, trying to stay ahead of the curve and driving the future. 2024 will be another big year for this technology, Bitcoin mining is still popular but some are shifting to other currencies, especially due to the “Bitcoin Halving” event that will take place, meaning newly-mined Bitcoin doesn’t have quite as much value.

    Conclusion

    Cryptocurrency is designed to be used but like all currencies and financial assets, there will be a market for investment in which people can choose to get involved if they wish, it is a decision for everybody to make individually.

    Crypto’s growth has been incredible over the last decade or so, and fascinating to watch, as we enter an era with both investment and everyday use for crypto.

  • tea Protocol Announces Incentivized Testnet Launch, Setting a New Paradigm in Open-Source Software

    tea Protocol Announces Incentivized Testnet Launch, Setting a New Paradigm in Open-Source Software

    San Francisco, Puerto Rico, January 29th, 2024, Chainwire

    The tea Protocol has announced the launch of its highly anticipated Incentivized Testnet on February 21st, 2024. The tea Protocol seamlessly bridges Web2 open-source codebases to Web3 to enhance their sustainability and provide fair rewards to open-source developers. Additionally, tea provides developers access to its incentivized community of vulnerability reporters and is cross-compatible with major package managers including Homebrew, npm, APT, Crate, PyPI, RubyGems, and pkgx.

    Beginning February 21st, 2024, any open-source developer can interact with The tea Protocol and begin earning rewards for their contributions. All community members, including non-developers, will also be encouraged to access The tea Protocol via a series of incentivized activities on the blockchain.

    This critical step towards the launch of the tea Protocol will allow all participants to immerse themselves into the fully composable open-source ecosystem created by the tea Protocol.

    The Incentivized Testnet: A Stepping Stone to Mainnet Success

    The upcoming Incentivized Testnet marks a significant step in the tea Protocol’s journey toward launching a robust Mainnet on the Base blockchain. This Testnet phase is crucial for ensuring a thriving, efficient, and secure network for all participants.

    Five Key Features of the Incentivized Testnet to Explore on tea.xyz

    1. Waitlist Availability: The waitlist for the incentivized testnet, launching on February 21st, offers a limited opportunity for interested users.
    2. Insight into $TEA Tokenomics: The economic model driving the protocol is detailed, offering clarity and depth of understanding.
    3. Comprehensive Documentation Access: Extensive resources are available, providing a thorough understanding of the protocol.
    4. Insight into teaRank for Projects: Projects can ascertain their position within the open-source ecosystem and understand their eligibility for rewards.
    5. tea Points Accumulation: The ITN presents opportunities for both developers and non-developers to engage in challenges and quests, facilitating the accumulation of tea points.

    Joining the Incentivized Testnet and exploring tea.xyz offers an opportunity to be part of a pioneering movement in open-source software. It’s a chance to engage with a forward-thinking community, understand tea’s tokenomics, and utilize the teaRank system for project visibility and rewards. 

    A Message from Max Howell, tea’s Visionary Founder

    Max Howell, the creator of Homebrew and the driving force behind tea, expresses his enthusiasm: “The launch of the incentivized testnet for the tea Protocol is a landmark achievement for open-source developers and advocates worldwide. With the incentivized testnet, tea is not only introducing a technological marvel but also reinforcing its commitment to revitalizing the open-source community.”

    About tea

    tea is a trailblazing web3 protocol built on Base, the layer-2 blockchain from Coinbase. It is designed to empower open-source software developers to capture the value they create. At the heart of the tea Protocol is the Proof of Contribution algorithm, which measures the value, position, and impact of open-source software projects. Proof of Contribution assigns a dynamic “teaRank” to each project which is used by the protocol to distribute rewards. Proof of Contribution ensures that every layer of a software project, especially foundational elements, is recognized and rewarded for its contribution and promotes healthy competition amongst projects to continually improve their codebase and usage by other projects within the ecosystem.

    The communi’tea invites users to explore the forefront of open-source software through its platform. Detailed information is accessible at www.tea.xyz to learn more and connect with tea on Twitter, teaForum, Discord, and Telegram for the latest updates and discussions.

    Contact

    Head of Marketing
    Dan Mulligan
    tea
    dan@pkgx.dev

  • Devour.io Announces Tech Analyst and Media Expert Paul Barron as Advisor

    Devour.io Announces Tech Analyst and Media Expert Paul Barron as Advisor

    Phoenix, United States, January 29th, 2024, Chainwire

    Devour, the transformative next-gen web3 food ordering and engagement platform, today announced the addition of Paul Barron as a strategic advisor. Barron brings a wealth of experience and expertise across technology, media, and web3, making him a valuable asset to Devour’s leadership team.

    Barron is the CEO and Analyst of the Paul Barron Network, a multimedia platform that educates and inspires audiences on the future of technology. With over 20 years of experience in computer science, consumer science, and digital media, Barron leverages his deep knowledge to produce engaging and insightful content across video, podcasts, research, and analytics. His focus areas include cutting-edge technologies like crypto and blockchain, AI, robotics, and consumer tech.

    Beyond his media ventures, Barron is also the founder of Rever Networks, Inc., a company dedicated to bridging the gap between blockchain advancements and established brands. He is the creator of the Market Sentiment Index, a powerful sentiment analysis tool used by leading players in blockchain, crypto, gaming, and NFTs.

    “We are thrilled to welcome Paul Barron to our team of advisors,” said Shelly Rupel, CEO of Devour. “His deep understanding of hospitality, gaming, and web3 perfectly aligns with Devour’s mission to redefine Gen Z experiences. Paul’s expertise of gaming trends, and his grasp of web3’s potential are invaluable assets as we shape the future of hospitality.”

    Barron’s expertise extends beyond technology. He is a recognized thought leader in new media and consumer science, having received numerous awards and honors for his work. He has been featured in prominent publications and media outlets, and his advisory and consulting services are sought after by businesses across various sectors seeking to navigate the ever-evolving tech landscape, integrate blockchain solutions, and prepare for the future of Web3.

    “Devour’s audacious vision of gamifying food and building communities through tokenized experiences is like rocket fuel for Gen Z engagement,” said Barron. “My expertise in bridging tech and consumer trends is a perfect match for their ambitious mission to meet Gen Z where they live, through tokenized campaigns and food-fueled gaming experiences”

    Barron’s appointment as advisor underscores Devour’s commitment to building a best-in-class advisory board with the experience and vision to shape the future of web3. His diverse skill set and passion for technology will undoubtedly contribute to Devour’s continued success.

    About Devour

    Devour is revolutionizing the digital dining experience with a cutting-edge platform that seamlessly integrates web3 token-gated ordering, promotions, and crypto payments. Our DevourGO app, along with embeddable ordering and engagement solutions, caters to the preferences of over 200 million U.S. gamers. Our gamified loyalty, NFT-based competitions, and player rewards programs are powered by blockchain for a dynamic fusion of digital entertainment and the love of food. Join us in transforming how the digital generation engages with food, gaming, and entertainment.

    Users can learn more at devour.io.

    Contact

    CEO
    Shelly Rupel
    Devour
    shelly@devour.io

  • Banxa Integration Brings Seamless, Low-Cost Fiat On-Ramps to Sui, Off-Ramps Coming Soon

    Banxa Integration Brings Seamless, Low-Cost Fiat On-Ramps to Sui, Off-Ramps Coming Soon

    GRAND CAYMAN, Cayman Islands, January 29th, 2024, Chainwire

    Users will benefit from 0% gateway fees for accessing SUI tokens on Banxa for a limited time.*

    (*Fee waiver is not available for UK customers)

    Banxa, the leading payments infrastructure provider for the crypto-compatible economy, has announced it will add the SUI token to its platform. The integration will increase access to the Sui blockchain for users across the world, thanks to a suite of Banxa’s global and local payment methods, which have processed over $3 billion in transactions since its launch in 2014. Additionally, Mysten Labs’ Sui Wallet will provide users the opportunity to purchase SUI tokens through Banxa’s on-ramp and once fully integrated, to utilize its off-ramp solution. 

    For a limited time, there will be no transaction gateway fees for buying SUI on Banxa. Thanks to this integration, users of some of the most established Web3 platforms such as Ledger, OKX, and MetaMask, will now have seamless, and initially, feeless, access to Sui.

    “For a long time, fiat on and off ramps have been a source of friction for the crypto industry. That’s why Banxa, a platform that removes that friction, joining the Sui ecosystem is so important,” said Greg Siourounis, Managing Director of the Sui Foundation. “I am excited about the technical possibilities, broad access, and optionality that this integration will offer to the Sui community while simultaneously ensuring KYC compliance at each step.”

    As a result of the integration of Banxa into the Sui ecosystem, developers building on Sui will now be able to leverage the powerful features provided by Banxa to add more functionalities and compliance measures to their dApps. For example, the NFT checkout solution will provide an enhanced NFT selling experience for end users. Additionally, developers can improve the overall user experience by reducing friction in the onboarding and offboarding processes. Users are more likely to engage with a dApp that offers a smooth and convenient transition between fiat and crypto.

    “We think Sui is the most powerful and performant blockchain in the space,” said Holger Arians, CEO of Banxa. “The rapid growth of the Sui ecosystem since its mainnet launch is something we’re excited to tap into to advance our central objective of increasing the adoption of blockchain technology ”

    Contact

    Sui Foundation
    media@sui.io

  • Aleph.im launches Twentysix Cloud: An enhanced marketplace for Decentralized Cloud Computing

    Aleph.im launches Twentysix Cloud: An enhanced marketplace for Decentralized Cloud Computing

    Paris, France, January 26th, 2024, Chainwire

    Twentysix Cloud is an all-in-one, decentralized cloud marketplace, powered by aleph.im’s Decentralized Physical Infrastructure Network (DePIN). This launch marks a significant step in bridging decentralized cloud solutions with the growing demand for computing resources. 

    Aleph.im announces the launch of its innovative hub. Twentysix Cloud is a decentralized cloud marketplace offering a full range of blockchain-based storage, compute engine, indexing, and AI solutions for businesses and applications. By leveraging the aleph.im network, Twentysix Cloud ensures a secure, resilient, and transparent user experience. It sets a new standard for modern cloud infrastructures, utilizing tens of independent nodes worldwide.

    The decentralized design of Twentysix Cloud meets the evolving needs of businesses and developers. It provides a versatile environment for a wide range of applications, empowering users through a robust architecture that seamlessly connects on-chain and off-chain data, eliminating centralized points of failure.

    Twentysix Cloud now operates on a Pay-As-You-Go (PAYG) model, offering users the flexibility to pay only for the resources they use. This approach leads to lower costs due to the distributed nature of resources. Payments can be made in ALEPH, the native token of the network, or in stablecoins. This system, which charges by the millisecond, leverages Avalanche C-chain and Superfluid for optimal payment solutions.

    Twentysix Cloud is enhancing its integration with EVM blockchains like Avalanche to facilitate global streaming payments. This enhancement enables a seamless Pay-As-You-Go payment system that operates effortlessly across node operators, who contribute to maintaining and securing the network independently.

    Jonathan Schemoul, co-founder and CEO of aleph.im, shared, “Twentysix Cloud offers a wide range of products for companies who wish to use an alternative solution to traditional cloud services. Until today, our users needed to hold or stake tokens to use our solutions. With the introduction of our Pay-As-You-Go model, we’re excited to onboard more businesses and developers, providing easy access to a full Web3 cloud platform. Our product will incorporate DeFi components to facilitate stablecoin transactions and include fiat gateways to enhance ease of use.”

    Jonathan added, “Our mission is to contribute to the open-cloud industry as a whole and drive innovation across the space, providing new ways to build, deploy, and scale more effective models for AI. By opening this technology, we are offering decentralized AI’s virtual agents and conversational AI products to all who wish to use it, in a confidential way.”

    In addition to its advanced capabilities, Twentysix Cloud and aleph.im are GDPR compliant. This ensures that stakers’ personal data remains secure, and they retain ownership of their uploaded documents and metadata. These are stored on Twentysix Cloud’s decentralized storage across 80+ core channel nodes, and 250+ compute resource nodes.

    About Twentysix Cloud

    Twentysix Cloud is a cross-chain cloud solution powered by the aleph.im decentralized network, which offers developers access to databases, computing power, and file storage. It ensures operational resilience for applications, particularly in AI, DeFi, and gaming industries. Since 2020, its marketplace Instances and Micro-Virtual Machines have provided scalable, high-performance resources across various blockchains.

    About aleph.im

    Aleph.im is a decentralized physical infrastructure network that enables developers and businesses to build applications with robust features thanks to a system of connected nodes responsible for the security and functionality of the peer-to-peer network. Core Channel Nodes (CCN) play a pivotal role in network control and governance, while Compute Resource Nodes (CRN) are designed to provide distributed secure computing power, and storage, ensuring better privacy, security, and control over their data and applications.

    For more information: Twentysix cloud Twitter | aleph.im Twitter | Global Telegram account | Linkedin

    Contact

    Head of Marketing
    Clément Fermaud
    Aleph.im / Twentysix Cloud
    clement@aleph.im

  • 10 Decentralized Applications Integrate Sui’s Groundbreaking “zkLogin” Google Authentication

    10 Decentralized Applications Integrate Sui’s Groundbreaking “zkLogin” Google Authentication

    Grand Cayman, Cayman islands, January 25th, 2024, Chainwire

    Gaming, Ecommerce and DeFi applications are leveraging Sui’s singular social authentication to eliminate the biggest hurdle blocking mainstream audiences from web3.

    Sui, the rapidly ascending Layer-1 blockchain created by the leaders of Facebook’s Diem project, today announced that over 10 decentralized applications (dApps) in the Sui ecosystem have integrated zkLogin, the first-of-its-kind primitive that makes Web3 login as simple as signing in with familiar web credentials such as Google or Twitch.

    Sui continues to advance zkLogin, adding new providers and additional features such as multi-sig capability and more. Thanks to these recent additions, it’s estimated that thousands of users will now be able to use zkLogin and experience one of the world’s first one-click onboarding into crypto.

    “zkLogin is a native utility unique to Sui that empowers developers to offer users the ability to use the same social logins they use everywhere else to authenticate with web3 applications,” said Kostas Chalkias, Co-Founder & Chief Cryptographer of Mysten Labs, the a16z and Circle-backed company that created the Sui Network. “As we enter the next phase of adoption, the existence of tools like zkLogin will become a prerequisite to onboard mainstream users into the decentralized web.”

    Among the wallets that now support zkLogin are Chrome-based wallets such as Ethos Wallet and Sui Wallet. zkLogin is now also integrated into mobile applications (both on Play Store and AppStore) by using Suiet and Surf Wallet.

    Similarly, web3 gaming experiences such as Suilette and Quantum Temple are using zkLogin, to give their users an easier, more intuitive onboarding experience.

    Lastly, DeFi applications on Sui are also taking advantage of this unique strength of Sui. Well-known protocols like DegenHive, Blockbolt, Aftermath, Navi, and BlueFin have integrated the technology, allowing users to manage their digital assets and participate in financial activities without the hassle of managing private keys.

    “zkLogin is a game-changer in Web3 and particularly in DeFi,” said Zabi Mohebzada, Co-Founder at Bluefin. “With zkLogin, users only need a Google account to sign up and trade. No wallets are required. This enables us to unlock the security benefits of decentralized trading for a much broader universe of investors.”

    Launched in 2023 as one of the first industry solutions for Web2-based authentication for Web3, zkLogin makes it possible for users to join the Sui ecosystem without having to install separate wallets or memorize and manage seed phrases.

    Contact

    Sui Foundation
    media@sui.io

  • The 5 Best Gambling Cryptos in 2024

    The 5 Best Gambling Cryptos in 2024

    The 5 Best Gambling Cryptos in 2024

    The introduction of cryptocurrency into gambling has created valuable opportunities for both industries. Cryptos used in gambling are gradually revolutionizing the sector and attracting new users by offering advantages not typically available with non-crypto gambling. With crypto, users enjoy privacy, increased security, transaction transparency, quick transactions, and cheap fees, among other factors. Some of the best gambling cryptos to watch out for as 2024 begins include:

    Bitcoin (BTC)

    Bitcoin is the most common cryptocurrency used on gambling platforms. It is the world’s largest crypto by market cap and the asset with the highest level of adoption among the more than 11,000 active cryptos in the market, according to CoinGecko. Bitcoin was originally designed as a peer-to-peer cryptocurrency and not intended for use in sectors like gambling. However, its growing recognition and use cases have encouraged online casinos to accept crypto customers, expanding its customer base beyond traditional fiat users. 

    As the de-facto cryptocurrency of choice, all crypto gambling sites accept Bitcoin. Most require one blockchain confirmation before the deposit is credited. This means waiting about 10 minutes (source: https://readwrite.com/cryptocurrency/best-bitcoin-gambling-sites/).

    Bitcoin’s global acceptance and high liquidity make it a top choice for online casinos, solidifying its position as the leading crypto asset for gambling.

    Enjin Coin (ENJ)

    Established in 2017, Enjin Coin has enjoyed recognition for its focus on blockchain technology and non-fungible tokens (NFTs). While the token was initially launched specifically for gaming, its NFT solutions are also applicable to gambling to promote transparency and ownership.

    ENJ facilitates the tokenization of assets and can help represent these assets using NFTs on blockchains. This design helps to tokenize in-game assets like digital chips, giving players a solid sense of belonging via true asset ownership. In addition, ENJ supports provably fair gaming, a type of technology based on cryptography, which ensures online casinos operate fairly and reduces the risk of foul play.

    In addition to simply supporting the tokenization of gambling assets via NFTs, the ENJ ecosystem’s design facilitates interoperability. This expands the general network of online casinos, allowing users to interact with each other across platforms, exchanging NFTs and other crypto tokens. Through ENJ, users and service providers can design platforms and tokens that serve multiple purposes, helping to build a robust gambling community and ecosystem.

    Ethereum (ETH)

    Ethereum is the second-largest cryptocurrency, running on one of the most versatile blockchains in the industry. The asset is the native token of the Ethereum blockchain, which is very popular for its smart contract functionality. Gambling platforms can use these self-executing contracts to automate the deposit, wagering, and playing processes while using ETH tokens for user deposits and withdrawals. Via smart contracts, service providers can also ensure transparency and trustlessness.

    Another advantage here is the token standards on the Ethereum blockchain. Online platforms that accept Ether are indirectly supporting one or more token standards, such as the ERC-20 and the ERC-721. Support for token standards allows these platforms to seamlessly integrate new compliant gambling tokens and facilitate playing with existing ones, which may be useful for live games or special tournaments between casinos.

    Chiliz (CHZ)

    CHZ is the native token of the Chiliz ecosystem, popular for enabling fan engagement and user participation. Running on the proof-of-authority (PoA) Chiliz blockchain, the ecosystem popularized fan tokens – digital assets fans use to interact with their favorite sports events or teams. These tokens give users early access to events, special privileges, and can be used to purchase merchandise.

    The Chiliz platform operates Socios.com, its own exchange platform for trading CHZ and fan tokens. While the exchange provides an easy way to acquire these assets, it is also an excellent source of liquidity for fan tokens. In addition, the platform is a great way for gambling service providers to offer sports enthusiasts and gamblers an excellent way to interact, join sports or gambling communities, and bet on their favorite teams.

    Theta Token (THETA)

    The Theta project was launched in 2018 and was designed to fix problems around streaming and general video delivery. It is a decentralized video delivery network focused on affordable and efficient video streaming, leveraging shared bandwidth and computing resources.

    Theta’s ecosystem can significantly improve gambling, especially with sports betting, where live streaming events is essential. In addition, the protocol is excellent for streaming other casino games, including poker, baccarat, and roulette, which can be played in real-time. The decentralized nature of the network makes this easy by solving problems with latency, buffering, and general picture quality typical of centralized options.

    Theta also enforces an earning model encouraging users to share their computing resources for better video streaming. This method helps keep the ecosystem running and contributes to its scalability. The more scalable the network is, the more it can deliver videos and attract bettors looking to win big from gambling.

  • New Non-Custodial Telegram Trading Bot Bitbot Raises $300k In First 72 Hours Of Presale

    New Non-Custodial Telegram Trading Bot Bitbot Raises $300k In First 72 Hours Of Presale

    New York, USA, January 24th, 2024, Chainwire

    Within 72 hours of its presale launch on the 17th of January, Bitbot raised an incredible $300,000.

    Bitbot aims to lead the market for Telegram trading bots, a rapidly growing segment of the trading app market that has seen a considerable $7 billion in lifetime trading volume.

    Telegram trading bots let traders manage a cryptocurrency trading portfolio within Telegram’s app. In practice, this means those investors with heavy telegram usage, which of the 800 million active Telegram users is substantial, no longer need to operate across two applications to manage their trades: an exchange and the Telegram app. Furthermore, Telegram trading bots offer all of the automated trading features seen in exchange apps, bringing the best of two worlds together into one seamless package.

    Bitbot’s Technical Product Advisor, Andrew Jacobs, commented: “As we experience a pivotal point in Web3’s evolution, I’m happy to announce Bitbot’s launch. Our mission is to equip retail traders with powerful institution-grade tools in a simple and intuitive trading interface that is backed by robust security. We have a great team and I am looking forward to driving the product’s evolution and meeting the Bitbot community on our regular AMAs, which will be announced on our social channels throughout the presale.” 

    The Bitbot team is looking to act quickly with a comparatively small $4.3 million raise target, predicting a rapid presale, with prices starting at $0.0100 and ending at $0.0200, potentially offering 100% gains for the early investors prior to the project listing. An additional incentive is the attractive proposition that Bitbot token holders will receive 50% of the company’s profits distributed as a percentage of their holdings once it launches this year.

    Bitbot (BITBOT) is available to buy on the official site.

    Bitbot’s Push for Mass Market Adoption

    Telegram trading bots enhance convenience by enabling users to execute the entire trading process within Telegram, the preferred messaging platform for crypto, bypassing the frequently convoluted user experience associated with exchanges.

    Whilst trading volumes on Telegram trading bots have been impressive, it’s obvious that there is still a majority share left in the pie currently dominated by traditional cryptocurrency exchanges. Even Bitspay, consistently ranked among the top 70 exchanges on CMC, has a volume similar to that of all the Telegram trading bots combined. The sheer scale of the opportunity becomes evident in terms of the potential market share, and it’s this kind of potential that’s driving the product and development team and Bitbot to deliver a product suitable for mass adoption.

    This is arguably one of the issues with Bitbot’s competitors. Telegram trading bots can be stubbornly complex, with many relying on user commands to operate them. Furthermore, a number of security issues have plagued even the biggest players in the market, leaving a sour taste for some but a potentially very sweet upside for the Bitbot brand.

    Bitbot takes both of these issues head-on. Firstly, it gets rid of the need for complex commands by offering an intuitive in-app interface that will be immediately recognisable to exchange users.

    Secondly, it offers non-custodial trading, meaning users can integrate Bitbot with their cold wallets and eliminate the uncomfortable need to give up their private keys for the bot’s powerful automated trading features to kick in. This is supported by the brand’s partnership with secure custody technology developer Knightsafe, and is thus far an unprecedented offering in the Telegram trading bot market, a truly unique and innovative approach focusing on institutional-grade asset security.

    The bot offers a myriad of advanced features that will appeal to both beginner and advanced traders, from copy trading to automated sniping. 

    Tokenomics and Presale Roadmap

    As per the project’s whitepaper, the Bitbot presale will run through Q1 and see the project list on exchanges in Q2 (unless the presale sells out early, which is possible at the current trajectory). 

    Allocation details include 30% reserved for the presale, 20% for the development team, 14% earmarked for marketing, 3% for liquidity, 2.3% available to the community (comprising rewards and airdrops), and 10% allocated to a treasury.

    The 20% designated for the development team will undergo a 1-year vesting period, ensuring long-term commitment from the team.

    Bitbot’s Impressive Journey In the Crypto Market

    Unibot and Banana Gun, competing trading bots, swiftly gained prominence, with Unibot’s token price passing $230 in just three months of launch. Investors in Unibot’s presale reportedly saw gains of around 200x, according to a recent CoinDesk article.

    Bitbot hopes to follow in their footsteps and its impressive raise has been aided by its community, which rapidly grew over 90K followers on X and over 5100 members on its Telegram within a week of the presale’s announcement. The project is now already in Stage 2, with the token priced at $0.011 and only 9,200,000 tokens left before the price increases by 5% for Stage 3.

    Bitbot hopes to attract presale investors on the heels of the recent Bitcoin ETF acceptance and increased trading activity in the cryptocurrency market. This has drawn a significant social following and been picked up by notable crypto publications like Invezz who have already listed Bitbot among their top cryptos for 2024.

    About Bitbot

    Bitbot is a new Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable them to trade using a variety of advanced features including sniping and copy trading.

    Audited by Solid Proof, Bitbot focuses on security and follows the motto, “your keys, your assets.” To this end the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating against counterparty risk and reinforcing this with anti-MEV and anti-rug technology.

    For more information and to buy Bitbot (BITBOT) users can visit Bitbot’s website.

    Website | Whitepaper | Socials

    Contact

    CEO
    Bitbot
    Bitbot
    pr@bitbot.com