With Ripple’s XRP experiencing a decline ahead of the impending Securities and Exchange Commission (SEC) court ruling, uncertainty hovers over its future.
Meanwhile, Uwerx emerges as a beacon of hope for investors, witnessing a remarkable surge of 100% returns during its presale. The crypto community anxiously awaits the outcome of Ripple’s (XRP) legal battle and embraces the promising prospects of Uwerx.
The Ripple (XRP) Rollercoaster
Ripple (XRP) is a unique cryptocurrency that aims to simplify and accelerate transfers between financial institutions.
Unlike Bitcoin and Litecoin, Ripple (XRP) operates on a different model, releasing the currency through sales rather than mining. This distinguishes Ripple (XRP) in the crypto space with its impressive transaction speeds of almost 1,000 transactions per second.
However, Ripple (XRP) currently faces some challenges due to an ongoing legal dispute with the SEC. This has impacted its price and created uncertainty in the market. Despite this, Ripple (XRP) is currently valued at $0.4854 and is projected to fluctuate between $0.393 and $0.458 by May 9, 2023.
Nevertheless, Uwerx has been generating a lot of buzz lately. With expectations of delivering over 100% gains, Uwerx is emerging as the top crypto of the season and a must-have for savvy investors.
Uwerx’s (WERX) Decentralized Approach to Freelancing
Uwerx is an innovative cryptocurrency project that aims to revolutionize the freelance gig economy. Built on the Ethereum blockchain, Uwerx introduces fresh ideas that break away from the conventional norms of the crypto market. By harnessing the power of blockchain technology, Uwerx tackles the major challenges freelancers face and offers a comprehensive solution.
With a minimal transaction fee of 1%, Uwerx offers freelancers a refreshing alternative to platforms like Upwork and Fiverr, which charge significantly higher fees. The platform prioritizes security and transparency by locking liquidity before the presale concludes. Uwerx is committed to decentralization, renouncing contracts upon launching on centralized exchanges and minimizing taxes to zero, maximizing benefits for the community.
Rigorous audits by SolidProof and InterFi Network ensure the platform’s integrity and provide stakeholders with peace of mind. Introducing the Uwerx Vault, users can securely store and stake WERX tokens, earning rewards based on platform variables. Experience a cohesive and rewarding freelance ecosystem with Uwerx.
Uwerx’s Stage 5 presale offers tokens at $0.05245 each with a 15% bonus, creating an unbeatable opportunity for early supporters. Stages 1 to 4 of the presale have seen unprecedented success, demonstrating overwhelming community confidence. The highly anticipated Test Airdrop is scheduled for July 31st, marking an exciting milestone.
Uwerx’s recognition grows as it secures listings on CoinSniper and plans to list on Uniswap by August 1st. These strategic moves solidify Uwerx’s position in the crypto ecosystem. The first Airdrop is set for August 4th, culminating in the official Uwerx Platform Launch on the same day. Join the journey now and be part of Uwerx’s groundbreaking revolution.
Uwerx sets the stage for excitement once again as they unveil a ten-page PDF brimming with the latest enhancements to their prototype platform. The PDF showcases various pages of the platform, including the registration, login, talent finding, dashboard, and password recovery pages. Anticipate even more thrilling updates on the horizon this week, and remember to share your feedback with Uwerx at feedback@uwerx.network.
Be part of the presale action and get a special 15% bonus.
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
The world’s leading derivatives exchange, BitMEX, is set to introduce a distinctive social trading concept that promises so much. Aptly named Guilds, this brand new concept will enable professional traders to come together to achieve more than if they traded alone.
According to the latest information, Guilds is currently in βeta (testing) stage, meaning it will launch soonest. The best part of the news is that it will be available to all BitMEX customers, including new, existing, and returning users. Traders of all experience level, therefore, can enjoy the benefits.
BitMEX’s Guild is simply a dedicated space where users can come together to form a guild. This space will enable them to exchange ideas, insights and trading strategies, as well as trade competitively as a group. It gets better than that – the objective of a Guild is ultimately to outperform other Guilds.
Depending on the performance of a Guild, it can claim its position on the Guilds Leaderboard. The coveted top three positions come with their perks, and members will win a share in the Guild Pot, which is a weekly prize pool for participants.
To form a Guild, a leader needs to step up and take responsibility. Such leader (preferably an experienced trader) will have to customize and define the identity of the Guild. Afterward, other traders can join the Guild. Conversations are held in a dedicated chat room, which is seamlessly integrated into the trading UI (user interface).
“Guilds is not just designed to drive collaboration amongst the BitMEX trading community, it stands as a testament to our commitment to helping our traders thrive and recognizes the power of social trading. By being part of a Guild, we hope that our traders can unlock their full potential by learning from their cohort.”
—CEO and Group CFO of BitMEX, Stephan Lutz
Current State and What to Expect Next
The βeta launch of Guilds was initiated on June 29, 2023. Quickly, it attracted over 230 testers, who had collectively earned nearly $330,000 in PnL as of last week. Obviously, this is a good testament to the efficacy of the concept and its ability to uplift traders. It also marks a significant and inspiring milestone for BitMEX, which is striving to provide the best experience for its users.
When Guild will launch properly, every BitMEX user will get the opportunity to join any Guild of their choice. Any confident trader can also choose to start a Guild as a leader. A Guild will be able to host up to 49 members.
To start a Guild, a potential leader should have at least 10,000 BMEX staked. He/she must also possess the skills and authority to manage participants of the Guild. When the Guild wins, the leader must also see to the equitable distribution of the Guild Pot.
Wrapping Up
While the community continues to test Guilds, we can expect that more developments will evolve. At the moment, the βeta (testing) stage is going smoothly. One can agree, therefore, that BitMEX is poised to take the social trading experience of its users to the next stage.
Georgetown, Cayman Islands, July 12th, 2023, Chainwire
Kava, a Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos has launched the Kava 14 upgrade. This upgrade deploys ‘internal bridge’ technology to seamlessly convert native Cosmos assets to and from Ethereum’s ERC20 token standard.
Kava 14 is one of a cluster of milestones in the making. In early July, Tether announced it’s decision to make Kava the gateway for issuing native USDt on Cosmos. With the launch of Kava 14, USDt can now be minted and easily converted on Cosmos, to — and from — USDt on every other L1 with native USDt including the: Bitcoin (Omni & Liquid protocol), Ethereum, TRON networks, and more.
“Within the first few days of Kava launching the official Tether integration, more USDt has been issued on Cosmos than on Polkadot and Near combined,” said Scott Stuart, Kava Co-Founder. “It’s clear that people want USDt on the interchain. I’m optimistic that having a native stablecoin and a safe, reliable way to convert it across chains via the Kava 14 upgrade will finally unlock the incredible tech the Cosmos ecosystem has built.”
Kava Gains Momentum
Following Tether’s July announcement, Kucoin now supports Kava’s Cosmos and EVM networks, providing a reliable CEX for user transactions within the Cosmos ecosystem. Meanwhile, Curve Finance’s launch of a USDt liquidity pool offers a decentralized alternative for experienced users. In parallel, Stargate, a top omnichain liquidity layer, is set to launch on Kava, anticipating increased usage and liquidity. This expansion comes after a governance proposal that plans to widen the scope of the Kava Rise incentive fund.
The Kava 14 upgrade is a leap forward for Cosmos DeFi builders and users providing a safer, more secure, and more reliable method for converting assets to and from the Cosmos ecosystem.
Follow @KAVA_CHAIN on Twitter for more information and updates on Kava 14’s mainnet launch.
About Kava
Kava is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, Kava is a trusted choice for developers and users worldwide.
July 12, 2023, Korea—In a significant development within the blockchain and cryptocurrency ecosystem, Bluehelix, a prominent blockchain technology company, has recently invested a substantial $2 million in the Nirvana Crypto project. This strategic investment aims to foster innovation, strengthen collaboration, and contribute to the growth of the blockchain industry. Bluehelix’s commitment to supporting emerging projects like Nirvana demonstrates its dedication to advancing the adoption and development of blockchain technology.
Bluehelix: Empowering the Blockchain Industry
Bluehelix is a leading blockchain investment company that provides a wide range of solutions and services to empower the global blockchain industry. With a focus on decentralized finance (DeFi) and decentralized exchanges (DEXs), Bluehelix offers state-of-the-art infrastructure, technology, and tools for developers, institutions, and enterprises to build and operate blockchain-based applications. By leveraging its cutting-edge technology, Bluehelix aims to enhance the efficiency, security, and scalability of blockchain networks, facilitating broader adoption across various industries.
Nirvana: Revolutionizing Decentralized Finance
Nirvana is an ambitious project that seeks to revolutionize the decentralized finance landscape. Built on the blockchain, Nirvana aims to create a comprehensive ecosystem that enables users to access a wide array of decentralized financial products and services seamlessly. By leveraging blockchain’s inherent transparency and security, Nirvana envisions creating a trustless and permissionless environment where users have complete control over their financial assets and transactions.
The project focuses on providing solutions in areas such as decentralized lending and borrowing, automated market making, yield farming, and staking, among others. By combining cutting-edge technology, innovative financial models, and a user-centric approach, Nirvana aims to bridge the gap between traditional finance and decentralized finance, offering a compelling alternative to traditional financial systems.
The Strategic Investment
The $2 million investment by Bluehelix in the Nirvana Crypto project signifies a significant step towards fostering collaboration and growth in the blockchain industry. Bluehelix’s decision to invest in Nirvana demonstrates its recognition of the project’s potential to disrupt and reshape the decentralized finance landscape.
This strategic investment provides Nirvana with vital financial resources to accelerate its development, expand its team, and further enhance its ecosystem. Additionally, the partnership with Bluehelix offers access to valuable expertise, resources, and industry connections, enabling Nirvana to navigate the challenges and opportunities of the evolving blockchain landscape more effectively.
The collaboration between Bluehelix and Nirvana is expected to yield synergies in various areas, such as technology integration, product development, and market expansion. By leveraging Bluehelix’s robust infrastructure and technical capabilities, Nirvana can enhance the performance and scalability of its platform, while also tapping into Bluehelix’s vast network of partners and customers.
Future Implications and Conclusion
Bluehelix’s $2 million investment in the Nirvana Crypto project is a significant development in the blockchain industry. It highlights the growing interest and support for emerging blockchain projects and signifies the industry’s continuous drive for innovation and collaboration.
This partnership between Bluehelix and Nirvana is poised to unlock new opportunities, push the boundaries of decentralized finance, and drive mainstream adoption of blockchain technology. As both companies work together to advance the development of their respective platforms, the broader blockchain community can expect to witness exciting advancements and breakthroughs in decentralized finance.
With Bluehelix’s investment, Nirvana is well-positioned to make substantial strides in its quest to revolutionize the decentralized finance landscape. As the blockchain industry continues to evolve, strategic partnerships and investments like this are vital in fueling innovation and accelerating the adoption of blockchain technology across various sectors.
As Bluehelix and Nirvana embark on this collaborative journey, their efforts serve as a testament to the transformative potential of blockchain technology. The investment demonstrates the industry’s resilience and determination to shape a future where decentralized finance is more accessible, transparent, and inclusive. Media contact : info@nirvana-project.com
Astar Foundation, a group of builders behind Astar Network, the smart contract platform for multichain, is excited to announce a strategic Web3 partnership with NTT Digital.
Astar Foundation is the main contributor and maintainer of the Astar source code, and as a core contributor, has established a strong track record and works with an impressive network of applications and partners. Leveraging this expertise, Astar Foundation is committed to developing innovative products that will enable billions to enter web3 by working with NTT Digtial and Astar technology.
NTT Digital, established by NTT DoCoMo, one of the largest Japanese telecommunications companies, is an entity dedicated to providing a safe and accessible environment for businesses as well as individuals looking to build in web3.
This partnership will focus on the following two areas:
Web3 Talent
Both companies recognize that talent is a crucial factor hindering mass adoption. To address the growing demand for Web3 professionals, including engineers and business leaders, Astar Foundation and NTT Digital will collaborate to support individuals considering a career in the Web3 domain. Their initiatives will include skill development programs, offering opportunities to gain practical experience, and creating a collaborative community where web3 talent and companies can come together.
Technical Infrastructure Enhancement:
Web3 continues in a nascent stage while innovating at a rapid pace. This presents new unexplored opportunities as well as challenges. Questions around price volatility, cybersecurity, and the prevention of fraud are crucial for businesses. Astar Foundation and NTT Digital will combine their expertise to create the tools and measures necessary to enhance security, combat fraud and create an experience that builds trust, as new users continue to enter Astar Network.
“We’re excited to partner with NTT Digital, who bring decades of experience in building tech infrastructure to drive adoption and innovation.,” said Sota Watanabe, Founder of Astar Foundation. “Together, we will empower individuals and businesses to embrace the potential of Web3, enabling a more inclusive, decentralized future.
For more information about Astar Foundation visit the following website: https://astar.network/
About Astar Foundation:
The Astar Foundation is one of many entities in the Astar ecosystem and is currently the main contributor and maintainer of the Astar Network Source Code. The Foundation deploys resources to expand Astar Network through partnerships, community activities, hiring developers, awarding grants, supporting projects, and other initiatives.
About NTT Digital:
NTT Digital, established by NTT DoCoMo, is a global web3 enabler dedicated to creating a safe and accessible environment for individuals and businesses to leverage Web3 and blockchain technologies.
Do Kwon’s net worth could be $180 million or above, if we take into account the BTC that was held in a wallet belonging to the Luna Foundation Guard and 18 million in USDC which was swapped into various other cryptocurrencies. However, it’s unclear if Do Kwon is still in control of these funds.
While it’s possible that Do Kwon has lost access to the majority of his wealth, there’s also a possibility that his net worth could be even higher, as he was a prominent player in the cryptocurrency industry and was involved with many different cryptocurrency projects.
Since transactions on a blockchain are not necessarily tied to a real-world identity, it’s possible that Do Kwon has cryptocurrency wallets that nobody has been able to link to him yet.
Before we dive deeper into the topic of Do Kwon’s net worth, let’s first learn a little bit about this controversial figure and his fall from grace.
Who is Terra founder Do Kwon?
Do Kwon is a South Korean entrepreneur who rose to fame after founding Terra, a blockchain project that provided a platform where users could mint stablecoins tied to various fiat currencies.
The tokens in the Terra ecosystem reached a total valuation of about $60 billion, and its main tokens LUNA and UST were among the biggest crypto assets by market capitalization. In 2022, however, the system that was supposed to maintain their value suddenly spiraled out of control and the tokens became close to worthless.
Do Kwon was born in South Korea’s capital Seoul in 1991. However, he went to college at the prestigious US-based Stanford University, where he earned a BS in computer science. After a brief stint as a software engineer at tech giants Microsoft and Apple, Do Kwon founded a startup called Anyfi, which developed a peer-to-peer communications network.
Terraform Labs and the Terra blockchain
In 2018, Do Kwon founded Terraform Labs alongside fellow entrepreneur Daniel Shin. Terraform Labs developed the Terra blockchain platform, which implemented a token called LUNA, which could be burned to mint stablecoins pegged to various fiat currencies.
Unlike most stablecoins, which are backed by reserves, Terra implemented an algorithmic system in which the supply of its stablecoins fluctuated based on supply and demand.
Here’s a quick overview of how the Terra platform functioned, using the US dollar-pegged UST as an example. The Terra platform offered a mechanism that allowed users to exchange $1 worth of LUNA tokens for the creation of 1 UST through a process called burning. Similarly, users could burn 1 UST to obtain LUNA tokens worth $1.
The Terra platform also had similar stablecoins based on other currencies such as the euro and the South Korean won, although UST was the largest by far.
What happened to Terra?
Terra functioned well for a while and attracted a large number of users in addition to a huge amount of capital. Numerous projects built applications on the Terra blockchain. For example, the Mirror project allowed users to trade synthetic versions of stocks and commodities directly on the blockchain, while the Anchor protocol allowed users to earn yield by lending out their Terra-based stablecoins.
Anchor was the main driver of Terra’s growth, as it offered very high yields on UST deposits. At points, users were earning as much as 20% APY. This attractive yield led to a large number of UST being minted, as it was perceived as a safe way to make very solid returns. At the peak of Terra’s success, there were $18.7 billion worth of UST tokens in circulation.
Even though Do Kwon and his team made attempts to provide a backstop in case the UST stablecoin would drop below its $1 price target, the system turned out to be too large to control.
In February 2022, approximately three months prior to the collapse of the Terra ecosystem, the Luna Foundation Guard announced the UST Reserve. This reserve was designed to hold different assets, such as Bitcoin, and its purpose was to safeguard the UST peg in case it faced substantial pressure. Despite the reserve eventually reaching a size of around $3.5 billion, it proved insufficient to prevent a complete downfall of UST.
In May of 2022, the UST price started to slip below $1. It’s still unclear exactly what triggered this price drop, but it’s possible that a sophisticated market participant identified that the arbitrage mechanism that was meant to keep the stablecoin’s price stable was more vulnerable than the market expected and accumulated a significant short position against UST.
As UST began sliding below $1, panic began to spread among holders and a large number of users rushed to the exits. Many of them burned their UST to mint LUNA, which eventually spiraled into a hyperinflationary scenario for the LUNA token. The end result was that both UST and LUNA lost the vast majority of their value in less than a week.
The aftermath of Terra’s collapse
After the Terra ecosystem collapsed, the community essentially split into two parts. One part of the community launched a new blockchain called Terra 2.0, which removed the algorithmic stablecoin mechanism that led to the platform’s demise. The other part of the community decided to continue on the same platform under the name Terra Classsic.
The collapse of Terra led to losses measured in the tens of billions of dollars. Authorities in both South Korea and the United States are seeking to extradite Do Kwon. In South Korea, Kwon is being accused of fraud and violating the country’s markets law. Meanwhile, U.S. authorities are looking to prosecute Do Kwon for various crimes including wire fraud, securities fraud, commodities fraud and others.
What was Do Kwon’s net worth before the crash?
Prior to the downfall of Terra, it was reported that the Luna Foundation Guard (LFG), a nonprofit organization established to ensure the stability of the UST peg and promote the growth of the Terra ecosystem, emerged as one of the largest owners of Bitcoin. They acquired over 80,000 BTC, equivalent to 0.4% of the total Bitcoin supply.
Currently, there are suspicions that Do Kwon may have been in possession of LFG’s wallet all along. Taking into consideration the average price of Bitcoin in early 2022, this would imply that Do Kwon’s net worth before the Terra crash was approximately $3 billion. It is important to note that this calculation does not include his other holdings and investments.
Additionally, reports have surfaced regarding allegations that one of the co-founders of Terraform Labs maintained shadow wallets containing LUNA tokens valued at over $200 million. However, the accuracy of these claims regarding the shadow wallets has not yet been verified.
When discussing Do Kwon’s net worth before the crash, it is worth mentioning that Do Kwon himself acknowledged his significant wealth in early 2022, stating that he was a billionaire when the LUNA token was trading at around $100.
What is Do Kwon’s net worth in 2023?
It’s extremely difficult to estimate Do Kwon’s net worth in 2023, although we might get a better idea in the future if he goes through trial in South Korea or the United States, both of which are seeking to extradite him. At the time of writing this article, Do Kwon is currently serving a 4-month prison sentence in Montenegro for forging travel documents.
Hansung University researcher Cho Jae-Woo has recently identified a transaction of around 18 million USDC from a wallet that is thought to belong to Do Kwon. The transaction happened while Do Kwon was already serving his sentence, which means he likely handed over his private keys to someone who is now making transactions on his behalf.
The 18 million USDC tokens were then swapped through multiple transactions into a variety of other crypto assets, including wBTC, ETH, stETH, DAI and others. Notably, these tokens cannot be frozen, unlike USDC, which can be frozen by its issuer Circle.
Interestingly, these transactions happened on the same day when almost 5,300 BTC (worth about $160 million at the time) was transferred from a wallet that belongs to the Luna Foundation Guard. It’s impossible to prove at this time whether the USDC transactions and this transaction were are related, although it’s likely not a coincidence.
If we assume that the 5,300 BTC was sent to a wallet that’s also under Do Kwon’s control, and assume the same for the transactions involving 18 million USDC, his net worth could be around $180 million. However, it’s possible that Do Kwon no longer has control over these cryptocurrency wallets.
Do Kwon also spread his wealth into other types of assets and not just crypto. South Korean authorities seized over $170 million worth of Do Kwon’s assets in May of 2023. These assets included real estate, money deposits, cryptocurrency deposits on South Korean cryptocurrency exchanges, securities, and a luxury car.
The bottom line
Do Kwon’s net worth could still be significant, depending on how much cryptocurrency he is able to access at the moment. However, he is still not in an enviable position, as he is currently serving a prison sentence in Montenegro and facing prosecution in both South Korea and the United States.
At the peak of the Terra ecosystem, it’s very likely that Do Kwon was a billionaire. He had significant LUNA holdings and the Luna Foundation Guard accumulated a massive amount of Bitcoin.
Bangkok, 3 April 2023 – FINEXPO, the world’s leading event organiser, announced today that it is hosting its first-ever FinTech Festival Asia (FTF Asia) on 27 and 28 September 2023 at the Royal Paragon Hall in Bangkok, Thailand.
The FinTech Festival Asia 2023 held by FINEXPO is an exciting two-day event filled with cutting-edge presentations, interactive exhibits, and networking opportunities with some of the brightest minds in the industry. The event aims to bring together industry experts, startups, investors, regulators and FinTech enthusiasts to explore the latest trends and developments in the rapidly evolving fintech landscape.
FINEXPO has curated a wide range of interactive sessions and networking opportunities to ensure attendees get the most out of the event. After organising conferences, forums, summits, shows, exhibitions, and festivals all over the globe for 2 decades, FINEXPO is finally organising its first event in Thailand. With an estimated 15,000 participants from Thailand and across the globe, FTF Asia is the perfect platform for modern fintech companies to explore business opportunities and collaborations.
A wide range of industry topics will be covered at the FTF Asia conference, including banking, payments, personal finance, InsurTech, AI, digital assets and WEB3, blockchain, exchanges, RegTech, Robo-Advisors, P2P, investments, trading, and cybersecurity. It strives to create phenomenal shows and a substantial events series, making FTF Asia a must-attend event for everyone in the industry. With speakers and attendees exchanging knowledge, FINEXPO is excited to witness the possibilities of the connected world.
As a pioneer in Southeast Asia in adopting the latest technologies to improve and expand the country’s capacity for technology, Thailand is the perfect location to host this event. FTF Asia will serve as a hub for modern fintech companies, offering opportunities to expand their businesses and collaborate with like-minded individuals. FTF Asia is a global series of innovative, interactive, and networking events that unite thousands worldwide to explore the latest developments and ideas in the fintech industry under one roof.
The team at FINEXPO is excited to welcome the global fintech community to Bangkok, Thailand, for Fintech Festival Asia 2023 and is confident that the event will be a resounding success. Grab this opportunity to improve your knowledge and meet international speakers and the best presenters from around the world. Join the networking app FINEXPO Asia on your mobile phone to view program details and participate in polls and forums. For further information on Fintech Festival Asia 2023 and ticketing, please visit https://fintechfestival.asia/.
– ENDS –
About FINEXPO
FINEXPO is an international industry-leading event company connecting top-level executives with different service providers across the fintech industry. Given its long history in Europe, Southeast Asia, Russia, and the United States of America, it has produced multiple conferences, forums, summits, shows, exhibitions, festivals, fairs and awards worldwide since 2002.
The uptrend we’ve seen with Bitcoin (BTC) over the last few days show that the market is up to some positives. And naturally, when such happens, all other altcoins follow this trajectory. While these altcoins bring in more liquidity, the Uwerx presale is gaining more traction. The new crypto project initiated its presale some weeks back and has now raised nearly $2 million. With plans to proceed to Stage 6, Uwerx is ready to dominate the market and raise more on presale.
Uwerx (Werx) Gains Momentum
Uwerx is a new project introducing the concept of decentralization into the freelance industry. The system aims to introduce a freelance platform that utilizes a democratized model of operation, where freelancers, clients, and investors can have their voice and contribute equally to the community’s growth. The new project aims to launch on the Ethereum blockchain and is closer to this achievement.
Uwerx has launched its Alpha version, and more features have been added to the platform. Users can sign up, log in, create gigs, view their activity page, and more. The platform offers a 1% service fee, incentives, productivity tools, and new features that make it stand out from other freelancing platforms.
Uwerx will be the biggest Web3 freelance platform, aiming to be adopted by freelancers globally. The network is on its way to achieving this, and you can join in to be a part of this revolution through its ongoing presale.
Fantom (FTM)
Fantom (FTM) is one of the many blockchain systems created to be an alternative to the Ethereum blockchain. With its unmatched speed and scalability, the cryptocurrency is a revolutionary addition to the market. The Fantom (FTM) network handles transactions quickly and efficiently. It achieves this and can redefine the boundaries of blockchain technology using its unique consensus algorithm, Lachesis.
The network provides programmers with a blank slate on which to create decentralized apps that are safe, transparent, and scalable. The Fantom (FTM) network revealed late last year that its major plans for 2023 would include gas monetization, gas subsidies, and an improved funding scheme for developers. While Fantom (FTM) is a novel addition to the blockchain system, the network has had its fair share of price declines. The FTM token is 5.13% lower today and is still struggling to recover from past losses. The outlook for Fantom (FTM) doesn’t look too good, and Uwerx is having a better run on its ongoing presale.
Uwerx (WERX) presale
Uwerx is currently offering WERX tokens at a discounted price of $0.047725 along with a purchase bonus of 15%. However, the price is set to rise to $0.05245 today at 18:00 UTC. It is recommended that you make your purchase of WERX tokens today to take advantage of this opportunity. Check out the links below to buy your tokens on presale.
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
New York, United State, July 10th, 2023, Chainwire
WOW EARN, a new mining DeFi platform, has released a multi-chain crypto wallet on smartphones.
Launched on May 29th, WOW EARN Wallet is now available for download on Google Play Store and App Store. The platform facilitates the purchase, exchange, and trading of cryptocurrencies.
Since its release, the platform has been downloaded more than 300,000 times with a rating of 4.6 on Google Play Store.
What is WOW EARN Wallet?
Established in 2022, WOW EARN is focused on developing crypto wallets and crypto asset mining services that can provide users with a smooth Web3 transaction experience. The goal is to build a secure, diversified and easy-to-use Web3 platform, so that users can freely buy, trade and exchange crypto assets without any limitations.
One notable program currently offered is the WOW EARN Wallet, a crypto wallet that serves as a tool for users to manage funds and transactions within the WOW EARN ecosystem. This wallet has various features to manage crypto assets by prioritizing user protection. Users can easily store and manage their digital assests just by using the WOW EARN Wallet.
“With its cutting-edge features and focus on user safety and security, the WOW EARN Wallet will redefine how crypto assets are managed. It will enable individuals to take complete control of their digital assets and herald a new era for crypto asset security,” according to Yara G, WOW EARN’s spokesperson.
WOW Earn Wallet supports more than 100 payment methods available in over 150 countries and regions worldwide. It currently supports 13 public chains, including Bitcoin, Tron, Ethereum, and Polygon, as well as over 80 digital assets. This means users no longer need separate wallets for each chain.
What Benefits Does the WOW EARN Wallet Offer?
Friendly user interface: WOW EARN Wallet comes with a user-friendly UI with the latest updates to its platform. According to the company, the redesigned UI is designed to make it easy for anyone to manage their digital assets with full control.
Swift transactions: With WOW EARN Wallet, users can enjoy lightning-fast transactions ensuring quick cryptocurrency transfers. The simplified interface and optimized transaction procedures enable easy navigation and instant transfers, avoiding long waiting times.
Enhanced security services: WOW EARN Wallet offers multi-factor authentication in an effort to protect users’ privacy and security. Through facial recognition and biometric fingerprint identification technology, only authorized users are allowed to access their wallets and assets.
Furthermore, the wallet provides users with full control over their assets. Private keys are stored in encrypted form on the user’s local device, and password settings and passphrase features are provided to offer additional security to users.
Wallet customization: WOW EARN Wallet also gives users the option to change the view mode to light or dark, as well as the color of the wallet display according to their taste.
Blockchain explorer and cross-chain bridge swap features: This wallet has its own blockchain explorer, allowing users to check transaction records, address balances, and other related information on the blockchain. Additionally, the wallet supports cross-chain bridge swap feature, which helps users easily exchange assets between different blockchains. Whether on different main networks or other blockchain networks, users can quickly and efficiently convert assets, enhancing liquidity and management convenience.
Investment opportunities and rewards: To attract more users, WOW EARN Wallet offers an airdrop facility for users to earn WOW coins as rewards by using this wallet. Furthermore, users have the opportunity to explore investment opportunities and receive rewards on the WOW EARN platform. Users can increase their income and expand their network in the crypto community through the incentive-based referral program offered by WOW EARN Wallet.
Providing dApps for Web3 exploration: WOW EARN Wallet offers over 20,000 built-in decentralized apps (dApps) from various main networks, giving users the chance to explore and participate in a diverse array of Web3 applications directly from their wallets. With WalletConnect support, users can easily connect to other dApps for various transactions and operations, opening up opportunities to engage with various DeFi projects, explore NFT marketplaces, and join decentralized social networks.
NFT Integration: Currently, WOW EARN Wallet is in the process of developing a feature to support non-fungible tokens (NFTs). Once the integration is complete, users will have the ability to purchase, trade, and manage NFTs, including virtual items, artwork, in-game assets, and virtual land, directly from their wallets.
Thus, WOW EARN Wallet is claimed as an application that provides a one-stop-shop service for crypto asset management. Through this platform, users can enjoy various essential features integrated into one place. As a result, users can easily manage their digital assets efficiently and effectively.
A Guide to Creating a WOW EARN Wallet Account
The user should click on the option “Create Identity Wallet.”
The user will be prompted to generate a mnemonic, which is a code resembling a keyword. It is important to note that mnemonics are highly confidential. In this step, users have the option to choose a 12-bit to 24-bit mnemonic and can modify the code group.
Following that, the user needs to verify the mnemonic code based on the previously provided numbers.
A transaction password, consisting of a 6-digit number, must be created by the user.
The process of setting up a WOW EARN Wallet account is now complete.
A Guide to Starting Mining WOW Token
The user should access the “Dapp” tab located on the main page of the app. They can find WOW EARN listed under the DeFi category.
Users will be redirected to the wowearn.com website, which facilitates the mining of WOW tokens. Within this interface, users can create mining teams consisting of one to seven members. Each user has the option to invite friends by sharing a link or QR code.
To initiate the mining process, users can simply click the designated button displayed on the screen.
To access the “Menu” tab, users can tap on the WOW logo situated at the top left corner.
Presently, wowearn.com supports multiple languages, including Bahasa Indonesia, thereby catering to users primarily located in Indonesia.
About WOW EARN
WOW EARN connects users to the blockchain, providing decentralized mining, earning, and trading mechanisms. The startup’s unique mining model allows anyone to participate in the mining process, making it a key player in driving the DeFi ecosystem’s growth.
In early June, WOW EARN announced that the company successfully raised USD 30 million in Series A funding, equivalent to IDR 451.6 billion. This funding round was led by prominent venture capital firms, including Pinnacle Innovations Capital, Blue Horizon Ventures, Ascendant Growth Partners, Nexus Pioneers Capital, and Quantum Leap Ventures.
The recent financial support has strengthened WOW EARN’s vision of bringing democratization to cryptocurrency mining by providing easy, profitable, and secure access. The platform offers an Annual Percentage Yield (APY) of up to 13.39% and has partnered with Hacken, a leading blockchain security auditor in the industry.
