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Binance Charity Partners S.S. Lazio to Introduce a Fan Token Donation Program to Users
Key Highlights
- Binance Charity and S.S. Lazio have unveiled the debut of an innovative initiative that empowers fans to select the “Player of the Month” (POTM) through Binance Fan Tokens.
- The player who accumulates the most POTM titles throughout the season will donate all $65,000 of their winnings to the charity of their choice, while the runner-up will donate all $35,000 of their winnings. This is aimed at driving positive social change and engaging fans in philanthropic endeavors.
Binance Charity, a leading philanthropic organization that leverages blockchain technology for charitable causes has disclosed its collaboration with a prestigious football club based in Italy, S.S. Lazio to launch an innovative Fan Token donation program.

According to an official announcement today, the unique initiative which merges philanthropy, fan engagement, and blockchain technology will allow fans to actively participate in selecting the “Player of the Month” (POTM), with substantial charitable donations worth $100,000 at stake. This pioneering initiative is set to drive fan engagement forward within the ecosystem as Binance users become the key decision-makers in selecting the “Player of the Month” (POTM).

Within the Binance Fan Token ecosystem, supporters of S.S. Lazio gained new avenues to support their favorite players and team. Through the Binance POTM program, fans can vote for their preferred players and reward them with Binance Fan Tokens. Whether on a monthly, weekly, or season-long basis, fans have the power to determine the POTM.

Interestingly, the charitable initiative calls for a remarkable impact which lies in the potential for social change thereby taking the POTM concept further. The player who accumulates the most POTM titles throughout the season will donate the entirety of their $65,000 winnings to a charity of their choice. The runner-up, receiving $35,000, will also contribute their entire winnings to a charitable cause.

The interactive nature of this approach showcases the transformative potential of crypto Fan Tokens, engaging fans and fostering stronger connections between the club, its supporters, and the charitable endeavors they champion. By giving fans the opportunity to actively participate in decision-making and contribute to philanthropy, the collaboration aims to revolutionize traditional philanthropic efforts.

“Through initiatives like the Binance Fan Token charity event, we are harnessing the potential of crypto to create positive social impact and drive change.”
Helen Hai, Head of Binance Charity

POTM’s Benefactors: Binance Charity’s Tree Millions, Earthquake Appeal, and Fight Hunger Worldwide Project

Ciro Immobile, announced as the first winner of the POTM fundraiser, has pledged to donate his entire $65,000 winnings to Binance Charity’s Tree Millions initiative. This project, launched in 2021, focuses on combating deforestation, a major driver of climate change. With over 295,000 trees already planted across 27 countries, the $65,000 donation will support reforestation efforts in Italy, benefiting local communities and the environment.

Also, Felipe Anderson, the runner-up in the POTM contest, will donate his complete $35,000 winnings to Binance Charity’s Earthquake Appeal. This initiative, in partnership with Mercy Corps and Kizilay, aims to assist those affected by a devastating earthquake that struck Turkey and Syria earlier this year, helping them rebuild their lives.
Additionally, S.S. Lazio players have also sought to contribute to the POTM fundraising campaign. Hence, they have initiated an auction of football shirts to raise funds for Binance Charity’s Fight Hunger Worldwide project. This project has made a significant impact by providing food distribution projects in Morocco, Sri Lanka, France, Nigeria, and Malaysia, feeding nearly 22,000 people to date. Proceeds from the sale of S.S. Lazio football shirts will contribute to a food drive for underprivileged communities in Italy during the summer.
June 30, 2023
BobaBNB Achieves Over 3 Million Transactions in May, Propelled by ROVI Network’s Growth
Key Highlights
- Multichain Layer-2 solution, BobaBNB has achieved a significant milestone by processing a record-breaking 3M transactions in May, fueled by the incredible popularity of ROVI Network.
- BobaBNB’s capacity to save users an average of 80% on gas fees, coupled with its near real-time transaction processing, has positioned it as the first non-Ethereum ecosystem Layer-2 solution to generate substantial financial success.
A leading multichain Layer-2 solution, Boba Network has made headlines with its BobaBNB platform setting a new transaction record in May. The network is also the primary active L2 on the BNB Chain.

The network announced in an official release today, that BobaBNB has successfully processed an unprecedented 3,073,042 transactions, surpassing the previous month’s 2,863,240 transactions and March’s 585,818 transactions.

As such, BobaBNB has not only surpassed previous records but has also brought substantial revenue gains for the platform. Moreso, while its user base has grown to seeing over 80,000 individual wallets on BobaBNB, the network now supports an average of 220,000 daily transactions. Apparently, the surge in transaction volume, driven by the ever-increasing popularity of ROVI Network, represents a significant milestone for both platforms.

Boba Serves as a Great Fit for ROVI Network, Fueling Each Other’s Growth

The announcement revealed that the exponential surge in BobaBNB transactions can be attributed to the exceptional popularity of ROVI Network, a Web3 infrastructure protocol dedicated to expanding cryptocurrency adoption among the masses. Since its launch on BobaBNB just six weeks ago, ROVI Network has emerged as the network’s leading decentralized application (dApp), boasting over 50,000 wallets and an impressive monthly transaction rate of over 3 million. Hence, the financial success achieved by BobaBNB in May signifies a significant breakthrough for both Boba Network and ROVI Network.

ROVI Network has become the leading dApp on BobaBNB within just six weeks of its launch. With over 50,000 wallets and a monthly transaction rate exceeding 3 million, ROVI Network’s presence on BobaBNB has played a pivotal role in driving the transaction surge. Furthermore, ROVI Network’s comprehensive suite of products, including the M91 Crypto Super App, Keyboard91, and Gaming91, has resonated with users seeking simplified crypto experiences and rewarding gameplay.

Furthermore, the exponential growth of ROVI Network on BobaBNB can be attributed to the platform’s ability to save users an average of 80% on gas fees while ensuring near real-time transaction processing. Thus, BobaBNB’s capacity to handle such significant transaction volumes positions it as the first non-Ethereum ecosystem L2 solution to generate substantial financial gains.

It is interesting to note that the achievement of over three million transactions in May by BobaBNB represents a groundbreaking milestone, surpassing the previous record of 2,863,240 transactions in a single month. This milestone not only showcases the growing interest of Web3 developers but also underscores BobaBNB’s capability to empower advanced dApp and game development while leveraging the strengths of the BNB Chain.

BobaBNB’s position as the exclusive layer-2 scaling solution on the BNB Chain provides developers with the tools to scale their EVM-compatible dApps efficiently, benefiting from accelerated transaction processing capabilities and significantly reduced fees. Leveraging Boba’s Hybrid Compute technology, developers can further enrich user experiences by incorporating real-world data and off-chain computing resources into their smart contracts.

In addition to ROVI Network’s contribution, the popularity of the multiplayer Web3 city builder game, MegaWorld, which incorporates real economics powered by smart contracts, has also played a significant role in driving the increased transaction volume on BobaBNB. Nonetheless, the core contributors of Boba Network expressed their enthusiasm for the platform’s impressive traction, highlighting the revenue-generating potential of each transaction. As the sole multichain L2 solution, Boba Network’s deployment of a multichain strategy has set the stage for its continued support in expanding the BobaBNB ecosystem.
June 29, 2023
WebX Conference Welcomes Distinguished Guests: Japan PM, Yuga Labs CEO, Kabosu (Doge), Desdemona (AI Robot)

[Tokyo, June 28] – WebX, Asia’s leading Web3 conference (July 25-26), is thrilled to announce the participation of more esteemed guests at this year’s event: Japan prime minister Fumio Kishida, Yuga Labs CEO Daniel Alegre, the Dogecoin dog Kabosu, and the groundbreaking AI robot Desdemona (Made by Hanson Robotics, sister to Sophia the Robot).

WebX is a conference dedicated to bridging divides – Web2 and Web3, Japanese and English, Japan and the rest of the world. Japan has the potential to become Asia’s Web3 hub, and this inaugural WebX conference is both a recognition of and a launchpad for that potential.

Prime Minister Kishida speaking at WebX underscores the Japanese government’s recognition of the significance of Web3 technology in shaping Japan’s digital future. Their involvement signifies a strong commitment to driving technological advancements and fostering a favorable ecosystem for Web3 businesses.

Yuga Labs, known for their contributions to the NFT space and digital art, will provide valuable insights into the intersection of blockchain, creativity, and decentralized finance. Their presence at WebX reflects the growing prominence of NFTs and their transformative potential across industries.

Kabosu, the beloved Shiba Inu famously known as Doge, will bring a touch of charm and humor to the conference. As an iconic figure in the crypto community, Kabosu’s participation highlights the playful and engaging aspects of Web3 technology.

Desdemona, the AI robot, represents the cutting-edge advancements in artificial intelligence and automation. Her presence at WebX showcases the symbiotic relationship between AI and Web3, and the potential for AI-driven solutions to reshape industries and enhance user experiences.

WebX is honored to have these esteemed guests join us and contribute their unique perspectives to our extensive lineup of speakers. For the latest list, please visit: https://webx-asia.com/all-speakers/

Why you should attend WebX:

It’s being produced by Japan’s largest crypto media outlet.

CoinPost’s credibility and deep insights into the industry will give participants access to the latest trends and information, not to mention industry leaders and prestigious speakers.

It’s an international conference held in Japan.

The fusion of Japanese culture and technology will offer all participants a unique experience, as this is an opportunity for Japan to showcase to the world its role in the evolution of Web3.

Major Japanese gaming companies are participating.

Square Enix, known for Final Fantasy and Dragon Quest, Sega, known for Sonic and the Yakuza series, and other household names will discuss integrating gaming and Web3.

Details

Date: July 25 (Tuesday) – July 26 (Wednesday), 2023

Venue: Tokyo International Forum

Expected number of exhibiting companies: 150+

Expected number of media partners: 100+

Early Bird Registration Ending in 2 Days!

Don’t miss out on this opportunity to secure your spot at a discounted rate. Register now on our official website (https://webx-asia.com) to take advantage of the early-bird offer.

For inquiries regarding this press release, please contact: info@webx-asia.com

June 28, 2023
DWF Labs Doubles Down on Conflux with $28 Million Invested
Hong Kong, China, June 28th, 2023, Chainwire

DWF Labs, the global digital asset market maker, and multi-stage Web3 investment firm, has further strengthened its commitment to support the growth of Conflux, the tree-graph consensus algorithm Layer-1 blockchain. Conflux has been gaining significant traction since February 2023 on the back of some key partnerships, including the signature collaboration with China Telecom announced on February 15th, with the goal of developing a blockchain SIM (BSIM) card that was first unveiled in May.

DWF Labs recently purchased $18M in CFX token, cementing the long-term relationship between the investment firm and Conflux. This follows DFW Labs buying $10M worth of CFX tokens in March 2023.

More recently, Conflux joined Hong Kong’s Web3 Institute, participated in the Singapore Digital Economy Roundtable organized by the Singaporean Government, and led the drafting of IEEE P3217, an international blockchain standard by the Institute of Electrical and Electronics Engineers. In addition, Conflux announced key partnerships including:
- Supremacy – Web3 security platform
- dappOS – an operating protocol that manages crypto infrastructures for users
- NuLink – a privacy-preserving technology that provides APIs for decentralized applications
- Smooth Labs – developing the Layer 2 solution that supports parallel execution
- Opside – a decentralized ZK-RaaS network featuring PoW of ZKP mining
DWF Labs has made significant contributions to placing Conflux on the global stage. Since then, Conflux has established ecosystem partnerships with Floki, Worldcoin, Blockbank, Luganodes, AirDAO, Mask, and OpenEden, with a growing list of ongoing partnerships being discussed. Conflux and DWF Labs have also co-hosted multiple events, including those organized in Hong Kong, Tokyo, and Paris.

Fan Long, Conflux Network’s Co-Founder, stated: “Conflux Network has experienced exponential growth since the start of 2023, pioneering advances in the Chinese NFT market and establishing fresh Web3 access through the BSIM card project with China Telecom. DWF Lab is one of the key supporters of Conflux. This infusion of capital not only strengthens our bond, but also acts as a catalyst for our shared ambition to expand the Conflux ecosystem. Conflux plans to leverage the raised funds to further fuel its ecosystem growth in Asia and Hong Kong, empower burgeoning developer communities, and bring an increasing number of real-world assets onto the Conflux chain.”

The Managing Partner of DWF Labs, Andrei Grachev stated: “We take great pride in our role as supporters of Conflux throughout its remarkable growth trajectory. It exemplifies our commitment to backing projects with immense potential and providing the necessary support to fill in the missing pieces of the Web3 puzzle. Our deep understanding of the crypto market has served as a compass for Conflux, allowing it to fully express its potential on the global stage. We are delighted to have played a part in Conflux’s journey towards success.”

About Conflux

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. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.

About DWF Labs

DWF Labs is the global digital asset market maker and multi-stage Web3 investment firm, supporting portfolio companies from token listing to market making to OTC trading solutions.

With offices in Singapore, Switzerland, the UAE, Hong Kong, South Korea and BVI, the investment company DWF Labs is an affiliate of Digital Wave Finance (DWF), which consistently ranks among the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high-frequency trading.

Contact

Melissa Tirey
conflux@shift6studios.com
June 28, 2023
TWT Surges After Integration But WERX Set To Outperform TWT

In the fast-paced world of cryptocurrencies, two tokens have recently captured the attention of investors and enthusiasts alike—Uwerx and Trust Wallet Token (TWT).

Trust Wallet Token (TWT) has witnessed a surge in value following its integration. At the same time, Uwerx emerges as a promising contender set to outperform Trust Wallet Token (TWT) shortly.

BUY WERX TOKENS NOW

Trust Wallet Token (TWT) Price Surge Following Integration

Trust Wallet Token (TWT) has been generating significant buzz within the cryptocurrency market with its recent surge in performance following a recent integration. As of the latest data, Trust Wallet (TWT) is trading at $0.8597, showcasing its upward momentum.

With a market capitalization of approximately $358 million, Trust Wallet Token (TWT) has solidified its position among the top cryptocurrencies, attesting to its growing prominence in the digital asset space.

The trading volume of Trust Wallet (TWT) has soared to $107 million, illustrating strong investor interest and enhanced liquidity. The increasing trading volume indicates a growing interest in Trust Wallet (TWT) from traders and investors. The demand for Trust Wallet (TWT) is expanding as more individuals recognize its value in the market.

Industry analysts and enthusiasts are optimistic about the future trajectory of Trust Wallet (TWT). While specific price predictions may vary, the consensus highlights the token’s solid fundamentals and the rising adoption of the Trust Wallet (TWT) platform, suggesting the potential for further price appreciation.

Trust Wallet (TWT) has garnered considerable attention and traction in the cryptocurrency market. With its current price, market capitalization, and trading volume, Trust Wallet (TWT) appears poised for continued growth as it sets its sights on surging right ahead.

BUY WERX TOKENS NOW

Why Uwerx (WERX) Outperforms Trust Wallet Token (TWT)

Uwerx, the trailblazing platform reshaping the freelancing industry, is ready for remarkable growth and development. With its upcoming launch, Uwerx has made significant strides in enhancing its platform, introducing new features, and setting the stage for an exciting future.

Uwerx demonstrates its unwavering commitment to stability and trust by locking liquidity for an exceptional duration of 25 years following the presale. This strategic decision ensures a secure and robust ecosystem and instills users’ and investors’ confidence. The team’s tokens are locked for nine months, highlighting their unwavering dedication and long-term vision for Uwerx’s triumph.

Embracing decentralization, Uwerx will renounce contracts upon launching on centralized exchanges, fostering an inclusive and fair ecosystem while eliminating taxes. Setting a new industry standard, Uwerx boasts a paltry transaction fee of 1%, starkly contrasting the 10% charged by Upwork and the hefty 20% imposed by Fiverr, enabling freelancers to maximize their earnings.

With over 7,000 sign-ups, a robust Twitter following of over 1,639, and a thriving Telegram community with over 1,803 members, Uwerx’s vibrant user base reflects the growing interest and support for the platform’s disruptive approach.

Token holders can anticipate a carefully structured 6-week vesting period post-presale, aligning with Uwerx’s mission to redefine the freelancing landscape by empowering freelancers and clients.

Uwerx proudly presents its Alpha platform, showcasing core functionalities and user-centric design. The team’s unwavering commitment to delivering an exceptional user experience continues as they work diligently to develop the Beta platform, incorporating valuable feedback and introducing exciting features. Uwerx values the input of its community and actively encourages users to provide feedback through the dedicated email address feedback@uwerx.network.

Driven by solid community demand, Uwerx’s presale stages have witnessed unprecedented speed, reflecting the enthusiasm surrounding the platform’s disruptive potential. In Stage 5, the presale currently offers tokens at $0.041 each with an enticing 15% bonus, presenting a compelling opportunity for early adopters to join the Uwerx revolution.

Take advantage of the presale opportunity by joining now, as the price is expected to rise from $0.0415 to $0.047725. Orders placed after Wednesday, 28th at 18:00 will be executed at the corresponding price, allowing you to potentially benefit from the anticipated yield.

For more information on Uwerx, visit the links below:

Presale: invest. uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

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.

June 27, 2023
How HyperPG Is Turning Paraguay into a Global AI Hub with Hydropower

Key Takeaways

• HyperPG is a software platform that enables anyone to access high-performance computing (HPC) and monetize their hardware for AI computation.
• HyperPG leverages Paraguay’s abundant hydropower resources to power AI computation.
• Paraguay is integrated into the emerging “Internet of AI”.

A new software platform that harnesses hydropower for AI computation is set to transform Paraguay into a global AI hub. HyperPG, developed by HyperCycle and Penguin Group, will allow anyone to access high-performance computing (HPC) and monetize their hardware.

Hydropower for AI computation?

Paraguay has abundant hydropower resources, which can be used to power AI computation. HyperPG, a software platform that runs on HyperCycle’s HPC software, enables Paraguay to utilize its hydropower infrastructure for AI computation. This innovation is expected to boost the country’s economic development and improve its standing in the public-private partnership (PPP) model.

HyperPG also aims to integrate Paraguay into the emerging “Internet of AI” – a global network of interconnected artificial neurons that forms a collective AI brain. This will allow Paraguay to participate in and benefit from the global AI advancements and bring socio-economic benefits to the country.

HyperPG’s role in promoting PPPs has received recognition from global leaders, including Alexandre Ziad Hayek, the Global Head of UN World Association of Public Private Partnerships (WAPPP). He recently visited Paraguay and met with several ministers, including the Minister of Finance, to discuss the potential and importance of these collaborations.

Joining the Global “Internet of AI” Network

HyperPG allows anyone to convert their computing hardware into revenue-generating HPC centers. With the right hardware setup, users can leverage HyperPG to perform AI computation on their existing machines, providing organizations with AI capabilities without the need for additional infrastructure.

In addition, HyperPG enables anyone to join specific pools’ proposals for hardware, tokens and node licenses, participating with as little as $100, and contributing to the advancement of AI technology. In return, users will be entitled to a portion of all proceeds generated by the machines. This solution is ideal for anyone who lacks the necessary components to run HyperCycle’s AI computation on HPCs but still wishes to capture the upside from the AI revolution.

With over 217,000 nodes sold, HyperCycle’s scalable computing solution has already garnered substantial interest, laying the foundation for the Internet of AI and gearing up for its Beta release. The company began receiving significant purchase orders immediately after opening its store on the 22nd of October 2022.

Empowering Individuals and Driving Economic Development through HyperPG

HyperCycle and Penguin Group share a vision for the future of AI, where different artificial intelligence systems can work together, accelerating the emergence of more intelligent and self-evolving systems. This is also known as artificial general intelligence (AGI), which entails AI reaching a stage where it is capable of performing a broad range of intellectual tasks at human level or higher.

By establishing a network of connective nodes, HyperCycle supports the collaboration of AI modules, enabling users to monetize their computing power and participate in providing computations that serve other AI systems. HyperCycle and HyperPG are at the center of the SingularityNET Ecosystem, an ecosystem of companies united to work on benevolent decentralized AGI.

HyperPG is pioneering a transformative initiative in Paraguay, harnessing the country’s abundant hydropower resources to place it at the vanguard of the AI revolution. Through a unique distributed computation model, HyperPG enables Paraguay to utilize its hydropower infrastructure for AI computation. This innovation is set to significantly improve the country’s standing in the PPP model, fostering unprecedented economic development.

However, HyperPG’s vision for Paraguay transcends mere economic enhancement. The initiative is making sure that Paraguay plays an instrumental role in the emerging “Internet of AI” – a global network of interconnected artificial neurons that forms a collective AI brain. This involvement not only ensures Paraguay’s active participation in global AI advancements but also brings substantial socio-economic benefits to the country.

Wrapping up

HyperPG helps individuals, organizations, and enterprises capitalize on AI computing demand, and benefit from building the necessary infrastructure. Available as software via HyperCycle’s partnership with Penguin Group, HyperPG brings High-Performance Computing to the masses, transforming everyday computers into AI-capable devices.

June 27, 2023
Elon Musk Suspends AI Bot; The New Uwerx (WERX) Explodes

In a thrilling turn of events, the tech world has been buzzing with news as Elon Musk suspends an AI bot, creating speculation and intrigue.

Amidst this captivating narrative, Uwerx, the innovative platform revolutionizing the freelancing industry, has emerged as a dynamic force, experiencing an explosive rise.

BUY WERX TOKENS NOW

Uwerx (WERX) Explodes With Imminent Launch

As Uwerx approaches its highly anticipated launch, the platform continues to make remarkable strides in the crypto industry. With its recent listing on CoinSniper, Uwerx has successfully expanded its user base and garnered increased attention and adoption. The upcoming listing on Uniswap further solidifies its presence, offering enhanced liquidity and broader market access for the WERX token.

Security remains a top priority for Uwerx, as demonstrated by its decision to renounce contract ownership after the presale. By taking proactive measures against fraud and scams, Uwerx safeguards the platform’s integrity and prioritizes its token holders’ interests.

Exciting updates have also been introduced to the Alpha Platform, encompassing various aspects such as settings, freelancer profile creation, milestone management, job application boosting, and the job application page. These enhancements significantly contribute to an elevated user experience, ensuring a seamless and efficient interaction with the platform.

Upon the conclusion of the presale, token distribution will commence following a thoughtfully designed 6-week vesting schedule. This meticulous approach promotes controlled and sustainable growth within the Uwerx ecosystem, fostering fairness in token distribution and maintaining stability in the market.

One of the standout advantages of Uwerx is its reduced transaction fee, set at an astonishingly low 1%. This exceptional cost-efficiency empowers freelancers and clients alike, enabling them to maximize their earnings and transactions without the burden of exorbitant fees.

Trust and credibility are paramount in crypto, and Uwerx understands this well. By successfully undergoing audits by reputable firms such as SolidProof and InterFi Network, Uwerx earns approval and establishes itself as a platform built on trust, providing confidence to crypto investors.

Uwerx places a high priority on security for its valued token holders. With a remarkable 25-year liquidity lock following the presale, Uwerx ensures the platform’s resilience and longevity. Token holders can rest assured, knowing their investments are safeguarded and that Uwerx remains steadfast in its commitment to transparency and reliability. Moreover, locking team tokens for nine months further reinforces Uwerx’s dedication to maintaining trust and accountability.

Uwerx (WERX): Buy Now Before Sell Out

The Uwerx presale has become a magnet for investors, captivating them with unmatched enthusiasm and satisfaction. The immense demand witnessed during the initial stages of the presale has prompted substantial adjustments in token allocations, showcasing the unwavering confidence and anticipation surrounding Uwerx’s future growth and success.

The Uwerx community thrives, boasting approximately 7,000 sign-ups, 1,639 Twitter followers, and 1,803 Telegram members. These numbers vividly illustrate the remarkable level of interest and support that Uwerx’s visionary approach has amassed, setting the stage for an extraordinary journey.

With a current valuation of $0.041, Uwerx has already caught the attention of industry analysts who foresee its potential surge in value to reach $2.54 by Q4 2023. This projection makes Uwerx an enticing investment opportunity and signals its capacity for substantial growth and long-term profitability.

As a testament to the presale’s allure, all purchases during this period receive an enticing 15% bonus, empowering participants to maximize their investment potential.

Take advantage of the upcoming price increase from $0.0415 to $0.047725 in the presale by joining now. To maximize potential yield, ensure that your orders are placed before Wednesday 28th, 18:00, as orders placed after this time will be executed at the corresponding price.

Don’t miss out on this opportune moment to join the Uwerx revolution—click the links below and embark on your investment journey today:

Presale: invest. uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

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.

June 27, 2023
OKX Liquid Marketplace Launches ‘Nitro Spreads’ Enabling One-Click Basis Trading for Institutional Clients

Dubai, UAE, June 27th, 2023, Chainwire

OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today launched its new ‘Nitro Spreads’ feature on its institutional Liquid Marketplace, an OTC, futures spreads and options liquidity network, allowing traders to make complex basis trades with simple one-click execution.

Basis trading is a strategy built around trading the difference between an asset’s price on two separate markets, such as spot vs. futures, and can generate returns when executed properly. It typically requires both legs of the trade to be managed simultaneously, which can be cumbersome. OKX’s Nitro Spreads automates this complex trade into one click, leveraging the platform’s superior liquidity and low latency for maximum user benefit.

Nitro Spreads is also one of the only basis trading tools in the crypto market in which the two legs of the trade are executed via a central orderbook, eliminating leg risk between markets. Before execution, traders can also select a guaranteed spread for a trade, mitigating unexpected price slippage. Trades are then matched and settled immediately.

OKX Global Chief Commercial Officer Lennix Lai said: “In the current complex market environment, institutions demand reliability, predictable returns and genuine innovation when choosing a trading venue. This is especially true in basis trading, where precision is paramount. Nitro Spreads raises the bar for the industry for efficient basis trading, and we invite institutional traders everywhere to see how it can enhance their strategies and contribute to their success.”

A variety of basis trading strategies can be executed by institutional traders through Nitro Spreads’ easy-to-use interface. Institutional traders can employ popular delta one spread strategies like calendar spreads, future rolls and funding rate farming – all in an orderbook format.

The on-demand OKX Liquid Marketplace provides access to deep institutional liquidity and a number of crypto trading strategies, including futures spreads, large options block trades or spot OTC, to run at scale. In April, OKX announced that the Liquid Marketplace exceeded USD1 billion in trading volume during the first three months of 2023.

About OKX

OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, 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

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. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

Contact

Press
media@okx.com

June 27, 2023
Crypto vs Stocks: Which Is the Right Investment for You?

There are numerous options for you to grow your wealth and secure your financial future. From buying stocks and real estate to playing on the Bet999.io casino, currently, it’s all about choosing what fits your needs, preferences, and long-term goals.

In this article, you’ll find out all about cryptos and stocks. When you finish reading, you’ll be able to determine which option is best for you.

The Debate Between Crypto and Stocks

Since cryptocurrencies became famous, they have generated a lot of interest, particularly among investors who want to diversify their portfolios.

People started noticing the potential of cryptos when their prices suddenly changed in 2017. From that point on, investors realized that putting money in the digital currency market can be very exciting because you never know what will happen.

Although changes in prices can be thrilling, they can go down just as fast. Currently, most investors understand that on a good day, investing in digital currencies can provide them with a lot of money, but if they’re not careful, they can lose it as quickly as they earned it.

Stocks are volatile too, although not so much as cryptos. Overall, you should remember that everything has risks when you’re an investor. Nonetheless, there are significant differences between these two investment types, and knowing about them is essential before you jump into the digital currency pool.

Are Stocks More Valuable Than Crypto?

The first thing to remember about stocks is that they represent the ownership of a business. Therefore, investors can use specific information to make their decisions, for example, whether or not a company will be profitable in the following years.

Cryptos could be similar if more people used them for day-to-day transactions, but that still hasn’t happened.

Nowadays, the crypto market entirely depends on supply and demand. Consequently, once you buy some of these currencies, you may not be able to find someone who will pay a higher price for them.

Governance and Trading

Unlike cryptos, stocks have been around for decades. Different regulations control transactions, so there are specific boundaries when it comes to these investments.

Managing your portfolio requires you to follow specific rules, for example, regarding owning and trading stocks.

Some people spend years studying and pursuing postgraduate degrees to understand all the intricacies of the stock market. However, things are different for cryptocurrencies.

These regulations don’t exist when it comes to the crypto market. Instead, it’s decentralized, so no entity (such as the government or financial institutions) controls it.

Some people have decided that cryptos aren’t for them just because of this reason. They believe that there should be clear rules, and until there aren’t, they don’t want to invest in these digital currencies.

Trading is not that fundamentally different from buying stocks. In both cases, you must open an account and make a transaction.

When it comes to cryptocurrencies, you’ll have to rely on a broker to get a digital wallet and open your account.

After you have your account, you can choose a crypto and buy it. If you’ve ever bought stocks, you’ll feel like the process is similar.

However, remember that there are still some differences. Generally, crypto brokers will charge for each transaction.

Furthermore, you can buy stocks quickly, which is not the case with cryptos. Each transaction has to be verified and approved by the blockchain, so they will take longer.

Lastly, you could get a printed stock certificate. Otherwise, your broker will hold your stocks. When it comes to cryptos, people usually keep them in their own wallets.

Advantages and Disadvantages of Each One

The primary reason why people invest in crypto is because of their potential. You could spend some money and get much more in just a few days.

Nonetheless, predicting what will happen is almost impossible. Therefore, you should be very careful when you’re choosing which currencies to invest in.

Investing in cryptos has a significant advantage over stocks: if you make the right choice, your earnings could skyrocket. Although the chances are small, it can still happen.

Alternatively, some people stay away from the crypto market because it lacks regulations. If Congress doesn’t figure out how to control these investors, many investors won’t put their money in them.

In some cases, traders might also find that slow transactions are inconvenient because prices can change quickly.

Lastly, another disadvantage of cryptos compared to stocks is that you could keep them in a wallet, but you might forget your password and lose all your assets. Some people have gone through this in the past, and it could happen again.

Diversifying Your Investments

Diversification is the most crucial factor to keep in mind if you want to boost your investment portfolio.

Many investors already consider bonds, real estate, and even precious metals when they’re investing, even if stocks are their primary option. Nowadays, you can also put some money in cryptocurrencies.

The upside of investing in cryptos is that when you make the best decisions, you’ll get significant returns.

Nonetheless, combining cryptocurrencies with other investments is often the best way to approach the situation. If you do that, you’ll be able to have numerous options in case one fails.

When it comes to cryptos, you must first determine your goals. Choose a coin that properly adapts to your portfolio, and make sure you spend some time deciding the best currencies possible – there are many of them out there, so you’ll have to do some research.

Although many people pick one coin, you shouldn’t put all your eggs in one basket. As the article mentioned before, diversification is key, so try to pick a few currencies based on market trends.

What Does the Future Look Like Right Now?

The cryptocurrency market is constantly changing. Therefore, predicting what will happen is almost impossible.

However, it’s fair to say that they’re here to stay, so investing in them could be a fantastic way to diversify your portfolio, especially if you find a way to pick the best coins and make adequate long-term decisions.

June 26, 2023