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  • BIG EYES and COMPOUND Are Two Great Crypto Purchase Options to Consider Buying Now

    BIG EYES and COMPOUND Are Two Great Crypto Purchase Options to Consider Buying Now

    Decentralized Finance (DeFi) tokens have a huge prospect of yielding profit in the coming year. Thus, market analysts have advised you should have them in your portfolio to benefit from the potential boom.

    Big Eyes (BIG) and Compound (COMP) are two great DeFi tokens with great prospects and could help you gain more from the crypto market in the coming months.

    Now could be the best time to purchase any of these two crypto assets, as their price is tipped for an exponential increase soon.

    Compound (COMP)

    Compound (COMP) is a DeFi protocol that enables users to lend and borrow crypto assets. Like every lending protocol, the Ethereum-based blockchain platform allows you to earn interest on your crypto assets when you fund any of the platform’s liquidity pools. Compound supports about 14 crypto assets in three different markets with varying rates. USD Coin, Dai, and Ether are the top three markets on the protocol.

    Borrowers and lenders find the ease-to-use platform beneficial. Lenders can lock their crypto assets in the protocol’s liquidity pool to earn passive income through compounding interest. Borrowers deposit collateral to get loans and return these loans with interest. Part of these interests takes care of lenders’ passive income.

    Compound runs an automated lending and borrowing process leveraging the built-in smart contracts in its native COMP tokens. Thus, anytime you fund a pool, your crypto asset is converted to a COMP token. The COMP token represents the value of the assets you deposited, and you can use it to redeem your initially deposited crypto asset at a favourable time.

    The Compound token COMP powers governance of the protocol. Holders of the ERC-20 token will be able to propose changes, deliberate, discuss, and vote about issues concerning the protocol, autonomously. Compound (COMP) has had its worst run in the current trading year. However, it has begun its recovery in the past months, gradually rallying towards its $900+ all-time high from its current price.

    Big Eyes Coin (BIG)

    The Big Eyes Coin (BIG) is one of the latest crypto projects that could improve decentralized finance (DeFi) adoption and make accessibility of the space seamless for individuals.

    Big Eyes is a blockchain ecosystem built on the Ethereum network. The platform is streamlined to ensure users can access DeFi opportunities to experience growth in knowledge and wealth.

    Big Eyes (BIG) aims to shift wealth into DeFi, attracting numerous crypto enthusiasts and newbies in the crypto space.

    The platform will feature learning aids, tools, and resources for individuals that don’t know much about DeFi, how to navigate it, or how to leverage it for financial benefits. Big Eyes DeFi utility makes it eligible to benefit from the anticipated great run of DeFi tokens.

    The meme coin isn’t about DeFi only. It boasts utility in NFTs, providing membership for users to access exclusive NFT events and content. Big Eyes will feature its NFTs collection, a store of value that will rise in market value over time.

    Big Eyes NFTs are projected to be among the top ones in the market, and users can leverage them for financial benefits. Big Eyes’ utility also extends to having a swap for crypto asset exchanges at a low fee, leveraging the Big Eyes (BIG).

    Big Eyes token (BIG) facilitates transactions, trading of merchandise and NFTs in the marketplace, as well as rewards. There will be about 200 billion token supply, and about 80% allocated to the presale is almost sold out. Big Eyes enjoys a successful presale due to its numerous utility and unique features.

    The meme coin deviates from conventional ones, boasting great utilities and adopting a unique cat theme. It’s one of the crypto assets to look out for, and many believe overlooking it could be a costly mistake in the coming year.

    If  you would like to get more BIG when you buy BIG tokens, use this promo code: BEYES6609

    For more information on Big Eyes Coin (BIG) and its community, please visit the following links:

    The Big Eyes Presale: https://buy.bigeyes.space/

    The Big Eyes Website: https://bigeyes.space/

    The Big Eyes Telegram: https://t.me/BIGEYESOFFICIAL ​

    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.

  • Instagram Will Let Users Mint and Sell NFTs Using Polygon Chain

    Instagram Will Let Users Mint and Sell NFTs Using Polygon Chain

    Instagram app cover image

    Key takeaways:

    • Meta has announced a series of NFT-related updates for Instagram
    • Instagram users will be able to mint and sell NFTs using the Polygon blockchain
    • In addition, Meta revealed it will be using Arweave to store Instagram NFTs

    Meta announces a fury of NFT updates for Instagram

    Social media giant Meta announced today a number of non-fungible token (NFT) focused updates for its photo and video-sharing platform Instagram. According to TechCrunch, Instagram users will be able to mint digital collectibles on the Polygon chain and offer minted creations to their followers.

    Moreover, the tech giant also revealed that it will be adding support for Solana and the Solana-oriented Phantom wallet. The Meta team shared the news on Twitter:

    Following the announcement, the price of Polygon’s native utility token MATIC rallied by more than +10%, hitting $0.96 at press time. Meanwhile, the price of Solana’s native SOL token remained largely unchanged, trading flat for the day.

    Meta starts using Arweave to store NFTs from Instagram, AR explodes by +60%

    In addition to the minting and trading announcement, Meta also revealed that it has started using Arweave for NFT storage purposes. “Instagram users are now able to issue digital collectables for their posts, stored on Arweave,” wrote Arweave founder and CEO Sam Williams on Twitter.

    Williams commended Meta for picking Arweave as its primary storage solution and added, “NFT permanence is a sign of digital asset quality.”

    Launched in 2017, Arweave is a scalable decentralized storage network (DSN) that connects people who have extra computer disk space with those that need more computer storage. 

    After the announcement of Meta integration, the price of Arweave’s native AR token surged by more than +60% and hit its three-month high of $17.50 earlier today. By press time, AR’s price retraced to $15.12, showing a 24-hour price change of +51%.

    Buy/Sell AR
  • Three Meme Coins to Diversify Your Portfolio in 2022: Big Eyes Coin, Floki Inu, and Dogelon Mars

    Three Meme Coins to Diversify Your Portfolio in 2022: Big Eyes Coin, Floki Inu, and Dogelon Mars

    Investing is about creating a portfolio covering every base and eventuality in the crypto and broader stock markets. Balancing your portfolio can be difficult as some eventualities are hard to predict, and opportunities are becoming more and more diverse.

    Meme coins are one way in which you can diversify your portfolio and become a part of something bigger at the same time. Big Eyes Coin (BIG) currently offers its presale investors significant gains on their investments in their presale and a thriving and engaged community.

    Floki Inu (FLOKI) offers its community success driven by positive partnerships and exposure and a very cute homage to Elon Musk’s well-loved puppy Floki Inu. Finally, Dogelon Mars (ELON) offers its community of holders the opportunity to be a part of the mission to repair the damage done by crypto-scammers, as it is designed to be an entirely fair currency.

    This editorial will outline these three cryptocurrencies’ desirable features, which make them excellent options for diversifying your portfolio.

    Big Eyes Coin – Presale Gains and Sustainable Core

    Big Eyes Coin (BIG) is a meme coin which is currently experiencing rapid growth in its presale stages, with over $9.3 raised so far. As its presale is still in progress, Big Eyes offers investors the chance to make considerable gains from the get-go. This is because Big Eyes Coin is a limited-supply meme coin with 200,000,000,000 tokens.

    This limit means that if you buy BIG tokens in the presale at a reduced price when Big Eyes launches, you will be able to trade and sell your tokens for a lot more than you originally bought them for. This is because of the nature of the limited supply of the Big Eyes Coin, which means that its value will only increase with time.

    Another reason why investors are attracted to this coin’s presale is its sustainable directive in line with ESG standards; 5% of the coin’s total supply is earmarked for a visible charity wallet. These funds will grow with the community and then be donated to a charity which is on the ground supporting the protection and preservation of our marine ecosystems and wildlife. 

    Floki Inu – Finds Fame and Supports Education in Nigeria

    Floki Inu (FLOKI) is a hyper-deflationary coin currently exceeding expectations with growing real-world uses. Floki Inu was originally coined in response to the birth and naming of Elon Musk’s puppy, also called Floki Inu.

    Floki Inu, on the surface, appears to be yet another Dogecoin disciple. However, if you dig deep, you will find that Floki Inu is much more than just another dog on the block. Floki Inu followed in the footsteps of Shiba Inu and incorporated charity and utility. Floki Inu intends to use its wealth to support the building of schools in underdeveloped countries. It is currently working on completing a school in the Kuchiko Ija community in Nigeria.

    Dogelon Mars – Making the Cryptocurrency Market a Better Place

    Dogelon Mars (ELON) was created on the 23rd of April 2021. This coin’s whole purpose is a noble one, to undo the harm that crypto-scammers have inflicted on the cryptocurrency market’s reputation.

    Dogelon Mars, therefore, has removed any presale stages from its coins release and made it so 100% of its tokens are available for purchase. This honourable cause has attracted a lot of attention from the wider crypto-community as Dogelon Mar’s purpose aligns with a broader theme present in the crypto ecosystem.

    The new standard by which investors, especially crypto investors, use to measure potential investments is linked to what exactly the cryptocurrency is doing for the wider cryptocurrency community. This focus on impact and community involvement is an excellent indication for all of these meme coins as it privileges their respective charity drives.

    Final Thoughts

    These three meme coins are the perfect options with which to diversify your portfolio. They each bring something fresh and needed to the cryptocurrency ecosystem and are all working to make the world a more fair and sustainable place. Big Eyes Coin presale also offers an excellent opportunity to get in early on the all-important presale gains.

    For more information on Big Eyes Coin (BIG) and its community, please visit the following links:

    The Big Eyes Presale: https://buy.bigeyes.space/

    The Big Eyes Website: https://bigeyes.space/

    The Big Eyes Telegram: https://t.me/BIGEYESOFFICIAL ​

    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.

  • KENKA METAVERSE(KENKA) Announces The List on Cryptocurrency Trading Platform MEXC on November 1,12:00 (UTC)

    KENKA METAVERSE(KENKA) Announces The List on Cryptocurrency Trading Platform MEXC on November 1,12:00 (UTC)

    KENKA METAVERSE will be listed on MEXC Global on November 1,12:00 (UTC), users are able to trade its native token KENKA (KENKA/USDT).

    MEXC / KENKASS

    KENKA METAVERSE is a blockchain game derived from a hit app game called KENKADO, recorded over 3 million downloads, and reskinned with new characters and new setting. The game is designed as a “Play to Earn” ecosystem, where players train their characters and win the fights to acquire “brothers”, referring to gang members, honor, gold (tokens), and much more.

    The core features include single play,main character,Shatei and Shima.In this game, squad members and allies are called the Shatei. Shatei can help users in many ways by training in the gym, running and protecting the “Shima”.The land in this game is called the “Shima” and there are various roles,including gym,arena,bettings and market.Land, brothers, and other items in the game are in NFT and are tradable in the market. By bringing these items together and forming guilds with other players and cooperating, players can participate in a stronger community than in traditional games.

    KENKA METAVERSE categorizes users into four types according to how they play: Guild Masters and Players are the “Entertainers” and Follower and Gamers are the “Enthusiasts”. Users who contribute to the game by entertaining other players can earn tokens. Players who simply enjoy the game can make regular in-app purchases, or any disbursement with any other points.

    Asuka Kirara and KENKA are currently under contract and issued NFT. The second NFT will also be issued soon.Besides, MIKURU ASAKURA , the Japanese professional fighter and is currently signed to be Kenka’s ambassador.

    The dev team behind is a Japanese team who have worked on massive hit games such as Attack on Titan. The current character designs and backgrounds (world view images) are by Atsushi Okada, a manga artist.The parent company of the dev team is a well-known listed Japanese company，SNS-ENTERTAINMENT. The team has members with extensive connections in the Japanese anime and music industries, so Kenka will be able to collaborate on projects that utilize many IPs.

    According to public information,MEXC is one of the world’s Top 10 cryptocurrency trading platform. The core products include spot trading, leveraged ETF, futures, NFT Index, etc. MEXC supports more than 1,500 cryptocurrency transactions, and ranks first in terms of liquidity for Top 50 cryptocurrencies.

    Contact:

    Company Name: MEXC

    Name: Jenny Sun

    Email: media@mexc.com

  • Hashflow, a Multi-Chain Decentralized Trading Protocol, Is the Latest Binance Launchpool Project

    Hashflow, a Multi-Chain Decentralized Trading Protocol, Is the Latest Binance Launchpool Project

    Hashflow (HFT) gets listed on Binance cover image

    Key takeaways:

    • The Binance Launchpool Hashflow campaign started yesterday
    • Binance users will able to farm HFT tokens with their BNB and BUSD until November 30
    • Hashflow (HFT) will be listed in Binance’s Innovation Zone on November 7

    Hashflow (HFT) gets listed as the 31st Binance Launchpool project

    After a several months long hiatus, Binance has revealed the 31st blockchain project to get featured on Binance Launchpool, a platform that lets early investors generate liquidity for innovative, up-and-coming crypto projects, and earn crypto tokens in exchange.

    The Launchpool for Hashflow (HFT) started on November 1, at 00:00 UTC, and is slated to run for 30 days. On November 7, at 13:00 UTC, Binance will list HFT, the project’s native utility and governance token in the Innovation Zone, and open HFT/BTC, HFT/BUSD, and HFT/USDT trading pairs.

    The token generation event will see 1,000,000,000 HFT minted, with 1.5% of the genesis supply being allocated for Launchpool investors. In other words, 15,000,000 HFT will be distributed to Hashflow ICO investors staking their BNB and BUSD on Binance. 80% of the entire HFT farm amount will go towards BNB farmers, while the remaining 20% will be distributed to BUSD users. The Hashflow farm campaign is available exclusively to registered Binance users.

    Create Binance Account

    What is Hashflow?

    Hashflow is an interoperable decentralized trading protocol supporting Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and Optimism. The zero-slippage interoperability trading platform has facilitated $10 billion in trading volume since its launch last year.

    Governance rights in the Hashflow network are determined by the amount and duration of HFT staked. “Staking tokens will grant users the right to vote and manage the future of the protocol. This includes decisions relating to protocol fees, marketing, and code development,” wrote Binance in its Hashflow research piece. 

    The latest project to get featured on Binance Launchpool, Hashflow enables DeFi users to swap crypto assets between chains in minutes without the need for external token bridges. 

    It is worth noting that HFT tokens have been available to private investors at a Hashflow price of $0.02, $0.10, and $0.40 during three rounds of private sales. In total, the team raised roughly $28 million in the sale of 25% of the total supply to private investors.

    Binance’s Hashflow Launchpool is the exchange’s first farming event in six months

    The listing of Hashflow on Binance Launchpool comes roughly six months after the conclusion of the Project Galaxy framing campaign. The reason for the long hiatus likely lies in the fact that the crypto markets have been facing severe bearish activity in the second half of 2022.

    The price of the BNB token, which can be used to farm Hashflow crypto tokens, increased by more than +10% in the last 24 hours, largely ignoring the broader negative market trend.

  • Next Big Crypto Big Eyes Coin, Hyped To Become the Next Ethereum or Solana

    Next Big Crypto Big Eyes Coin, Hyped To Become the Next Ethereum or Solana

    Ethereum and Solana, since the last crypto winter, competed for the top spot, with both blockchain networks going head-to-head to win more audience, investors, traders, and community members.

    Although Ethereum has always come out on top, Solana is not relenting in powering better and more scalable DeFi protocols and services. Big Eyes Coin is a new cryptocurrency that may soon be viewed by analysts and the community as the next Ethereum and Solana. While this milestone may appear hard to reach, Big Eyes Coin has already laid its roadmap to the top.

    We’ll dive into Big Eyes Coin and how it could achieve the same success as Ethereum and Solana.

    What Is ‘Big Eyes Coin’?

    Before we look at Big Eyes Coin’s roadmap to success, it’s essential we learn a few things about the token.

    Big Eyes Coin is a token designed to power the Big Eyes ecosystem, comprising NFTs, fun and gaming activities, and crypto trading. Big Eyes Coin is a cat-themed cryptocurrency dubbed to disrupt the dog-controlled meme-verse. With more liquidity controlled by Big Eyes using its native token, coupled with more featured utilities, Big Eyes Coin could become the next big thing created for the crypto community.

    Can Big Eyes Coin Match Solana And Ethereum?

    Ethereum and Solana have come a long way to reach their respective milestones today. While it’s going to take Big Eyes Coin a few years to reach its current status, there is a chance the Big Eyes community can make this a reality sooner than it took the aforementioned cryptocurrencies.

    Ethereum has had a fair share of the crypto market’s ups and downs in 2022. However, it has also evolved—powering more scalable protocols and smart contracts compared to its early years.

    Solana too was once dubbed an “Ethereum killer” because it offered a faster and more scalable network and cryptocurrency than Ethereum. With Ethereum’s recent transition to a full Proof of Stake consensus mechanism, Solana will need to power stronger and better DeFi innovations to match the DeFi leader.

    This doesn’t deprive Solana of its position as a leading DeFi network and cryptocurrency. In fact, Solana partners with Alphabet (Google’s parent company) to produce Solana Android smartphones. This speaks well of its future.

    Big Eyes Coin’s Roadmap To Success

    Big Eyes Coin’s mission in DeFi is clear “provide high liquidity for crypto traders, and offer better innovations and incentives to its community.”

    Big Eyes Coin recently announced that it had raised more than $9 million in presales and could be hitting more figures before the end of the next stage of the program. Many presale participants are already accumulating promising Big Eyes Coins as they await an already secured tier-one CEX listing taking off soon.

    Big Eyes Coin is kicking off its competition in which it will distribute $250k to the participant. Information needed for the competition can be found on their official website and social media handles.

    Big Eyes Coin (BIG)

    Presale: https://buy.bigeyes.space/

    Website: https://bigeyes.space/

    Telegram: https://t.me/BIGEYESOFFICIAL

    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.

  • Riddle&Code ignites the fourth industrial revolution by easily onboarding any machine onto Web3

    Riddle&Code ignites the fourth industrial revolution by easily onboarding any machine onto Web3

    Vienna, Austria, 2nd November, 2022, Chainwire

    Riddle&Code, one of Austria’s fastest-growing startups, has established a new path of digitalization for industrial companies with its evolved purpose – onboarding industries to Web3. For many industrial companies it is challenging to transition into the new standards and find their way in the Web3 universe, often delaying entry into new potential business models. With this new technology from Riddle&Code, it is possible to tokenize industrial machines, create new crowdfunding opportunities, and provide trusted data.

    To meet this ambitious purpose, the company has now launched programs to help enterprises and trailblazing developers alike capitalize on their own innovation. Called HW-03 Enterprise and HW-03 Community, the two programs from Riddle&Code focus on hardware wallet adoption that will accelerate not only Web3 knowledge but also create new business opportunities for a sustainable future.

    Not every blockchain is suitable 

    Since its incorporation in 2016, Riddle&Code has been developing blockchain solutions for various industrial sectors, mainly energy production and electric vehicle manufacturing. Working with such companies as Wien Energie, Deutsche Telekom and Daimler Mobility, the team at Riddle&Code knows that not every blockchain has the necessary features to meet the specific needs of each industry. In order to push its clients into the fourth industrial age, Riddle&Code has enabled the launch of the RDDL Network, a blockchain-based protocol tailor-made for security, scalability and decentralisation in the energy systems sector. The HW-03 programs are built around usage of the RDDL Network, and require a physical connection via hardware wallets.

    “The long experience in the field of cryptographic encryption on special hardware has inspired us to find a suitable solution for the industrial sector” says Riddle&Code’s founder Tom Fürstner, who recently released the whitepaper of the RDDL Network. 

    The RDDL Network utilizes a unique consensus mechanism called “Proof-of-Productivity”, which makes machines tamper-proof and enables a new kind of trust and traceability for the generated machine data. With a cryptographic hardware wallet connected to a machine, the machine turns into a decentralised identifier on the network – an Industrial Machine NFT. Therefore, the machine itself becomes a part of the network. In the upcoming years, Riddle&Code anticipates over 50 million machines operating as nodes on the RDDL Network, powering the energy sector of the future.

    About Riddle&Code 

    Riddle&Code is a product-led services company specialising in onboarding industries to Web3. The company is the main driver for a world of interconnected token economies by enabling sustainable, green, and resilient machine industries. Riddle&Code offers various solutions to tailor industry-specific hardware wallets and Software-as-a-Service Products to build on decentralised blockchains, mainly contributing to the RDDL Network blockchain protocol.

    More information: www.riddleandcode.com / www.rddl.io  

    Media contact: Christiane Rinke

    Contact

    Head of Marketing
    Christiane Rinke
    Riddle&Code GmbH
    christiane.rinke@riddleandcode.com

  • Kinesis Money Launches Virtual Crypto Card

    Kinesis Money Launches Virtual Crypto Card

    London, United Kingdom, 1st November, 2022, Chainwire

    Kinesis Money, the digital asset utility platform, launched the Kinesis Virtual Card, enabling the global community to spend their crypto holdings in real-time, with instant fiat conversion, anywhere in the world. 

    Powered by BAANX, the Kinesis Virtual Card  introduces cryptocurrency as a monetary alternative to over 1 billion people in 61 countries across Latin America, Europe, the UK, Canada, and Oceania.  Operated through the Mastercard payment network, the Kinesis card allows crypto holders to instantly sell their digital assets and use the proceeds to transact at 80 million locations globally.

    With inflation soaring worldwide, people are seeking alternatives to devaluing fiat currency. Accessible via mobile in minutes, the Kinesis Virtual Card brings the everyday utility of cryptocurrency to those wishing to exit faltering economic systems. Its target market includes Argentina, which is expected to hit 100% inflation by the end of 2023.

    The card supports 10 leading digital assets including Bitcoin (BTC), Ethereum (ETH), USDC, and Kinesis’ native gold and silver-backed stablecoins, KAU and KAG. Additionally, through Kinesis’ usage-based yield system, KAU and KAG spenders earn a proportionate 10% share of all transaction fee revenue paid back at the end of each month.  

    In Q4 2023, Kinesis is set to launch Kinesis Pro, a professional crypto trading platform offering high liquidity, institutional-grade security, and a broad range of crypto pairs. The launch of Kinesis Pro will further diversify the range of cryptocurrencies spendable with the Kinesis Virtual Card.

    Kinesis will continue to roll out its card program globally, with a US-specific virtual and physical card program next in line. The Kinesis Virtual Card brings newfound utility to digital assets, equipping the global community with a means to break away from the inflation-driven issues facing traditional currencies. 

    Thomas Coughlin, Chief Executive Officer of Kinesis Money, said, “A recent development, cryptocurrencies have become an extremely popular investment within the financial space. With its proven utility and universal value, Kinesis has brought forward a means for cryptocurrencies to be fully integrated into the wider economy as money, removing any and all barriers to its global adoption.

    By enabling cryptocurrency spending via the Kinesis Virtual Card, we have provided individuals with a working solution to depreciating currencies. The Kinesis Virtual Card is really the unification of everything that we want to provide users with.”

    Garth Howat, Chief Executive Officer of Baanx, said, “It’s been truly amazing working on this partnership. We’re happy to have had the opportunity to work with the Kinesis team to develop a life-changing product that gives real utility to gold and silver. 

    The issue we aimed to tackle was the lack of practicality in these assets, so we developed a solution in which users can spend their cryptocurrencies hassle-free with a card provided by Baanx. This is another step to bridging the gap between fiat and digital assets.”

    About Kinesis Money 

    Kinesis Money is a global digital asset utility platform that facilitates the trade, management and everyday spending of physical gold and silver-based digital assets and cryptocurrencies.

    Through its monetary system, users can earn yields on physical, allocated gold and silver and spend, save, trade and redeem their precious metals anytime on a global, low-fee basis. 

    For more information about Kinesis, please visit www.kinesis.money.

    About Baanx Group 

    Baanx offers Web 3.0 Fintech Solutions to the digital asset sector, including Cryptodraft and payment authorisation integration into VISA, Mastercard & other transaction payment systems. Baanx headquarters are in London (UK) with subsidiaries in Delaware (United States), Portugal and Lithuania.

    Baanx manages digital assets with maximum privacy and security, including digital assets. The company is launching services for more than 25 top-tier clients, including Ledger, the world’s largest hardware wallet provider with 4m customers worldwide. Baanx is managed by a seasoned team with over a hundred years of combined experience in banking, financial technology, cryptography, finance and digital marketing.

    Contact

    Marketing Executive
    Zubair Bukhari
    Kinesis Money
    zubair.bukhari@kinesis.money

  • Dua.com with 5M+ Users Officially Lists on AllianceBlock Fundrs Platform

    Dua.com with 5M+ Users Officially Lists on AllianceBlock Fundrs Platform

    financing platform

    The Dua Foundation has become the first project to be officially listed on Fundrs, a peer-to-peer funding platform launched by AllianceBlock. By virtue of the listing, the Dua utility token will power a new economic system that will cater for Dua.com’s 5M+ users as well as users of spotted.de, which is a partner project.

    The listing of Dua token on Fundrs is good news to the entire DeFi community. In addition to opening up opportunities for millions of people who are limited by traditional finance, it also opens opportunities for businesses. This is because Fundrs was launched to serve as a participatory funding platform for individuals and businesses, based on reputation and merit.

    What You Should Know About Fundrs

    Fundrs was launched by AllianceBlock in August 2022 on both Avalanche and Ethereum mainnets. The project started as a vision in 2018, and by 2019, the journey began officially. The central idea was to create a decentralized participatory economy powered by a fully-decentralized peer-to-peer funding platform based on reputation and merit.

    As it comes to life with the official listing of Dua tokens, Fundrs will provide a Launchpad for ventures to access capital and advice. It will allow both blockchain projects and traditional startups, which are called ‘seekers’ to receive funding from trusted users of the platform. In the future, it will also offer a range of DeFi services to users, including peer-to-peer lending, convertible loans and many more. 

    As a fully decentralized funding platform, all functionalities on Fundrs are enabled by smart contracts. Currently, it boasts a robust infrastructure, and it is safe to say that the best is yet to come.

    Speaking about the project, Founder and CEO of AllianceBlock, Rachid Ajala, said:

    “Fundrs is a revolutionary step in our vision towards a truly decentralized participatory economy. It is a culmination of our original vision in 2018 to provide unbiased access to a peer-to-peer funding platform based on reputation and merit. With dua as our first listing, we will be able to target globally fragmented communities, which is fully in line with our mission to bring access to the best companies in a fair, transparent and inclusive participatory economy.”

    What the Dua Listing Means

    As the Dua token lists on Fundrs, Dua AG, a Switzerland-based successful startup has onboard their 5M+ users to the participatory economy by tokenizing them through cryptocurrencies and decentralized technologies. The company took the giant step after raising USD 4M in series A round.

    At this point, it is important to state that Dua AG is entering the participatory economy offered by Fundrs with its Dutch-based partner, Dua Foundation, which is a non-profit organization. The two related entities aim to introduce globally fragmented communities to the Dua token and the larger Web3 scene through their respective apps, dua.com (Dua AG) and spotted.de (Dua Foundation).

    Speaking about the listing, Chief Payment Officer at Dua.com, Ardit Trikshiqi said:

    “The launch of the DUA token is an innovation for the matchmaking industry. DUA will enable 5 million users of dua.com and spotted.de to engage in a participative virtual economy that offers a wide range of services and is growing exponentially every day and millions of individuals and businesses, part of globally fragmented communities that are not being supported by traditional financial providers such as banks or money transfer operators.”

    With the emerging Dua-powered ecosystem, people searching for relationships will be connected based on such traits as values, religion, education, language, origin and more. Members of the Dua communities will also be able to access all forms of DeFi services freely from their apps. There will also be a reward system for in-app activities. The in-built wallet will serve as the gateway to on-chain payments, remittances and borrowing opportunities. The Dua-ID will also gather users’ online footprint in an ethical manner, enabling businesses and other participants to vet users before transacting with them.

    Wrapping Up

    Fundrs from AllianceBlock is an incredible funding platform that can become a game-changer in the DeFi scene. With the listing of Dua token to power the Dua ecosystem on the platform, a lot is expected to change in the TradFi and DeFi sectors. It is also expected that Dua will only be the first of many other innovative ventures that will redefine the participatory economy and help millions of users interact and transact safely in a Web3-enabled world.