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Kitsumon Launches NFT Breeding Gameplay
London, United Kingdom, 23rd September, 2022, Chainwire

Kitsumon has announced the launch of its Breeding Mainnet, showing the significant progress made by the game project since its testnet announcement back on the 14th of June 2022, and hundreds of users testing this Gameplay aspect within this period of time also, which is now available.

The Breeding Mainnet allows players the full capability to create “Hybrid Kitsus”, which are the combination of two Kitsu creature NFTs. The offspring created inherits genetic elements through Digital DNA technology, providing over 17 trillion possible outcomes.

Players can get their hands on Egg NFTs through Kitsumon’s integrated marketplace, and hatch these eggs into Kitsu NFTs through the KitsuDex . If players own Infinity Potions, they can then use those consumables to create a Hybrid Kitsu through breeding, of which can be purchased via the dedicating potion page .

The creation of Kitsus also goes on to encourage battles within the eventual MOBA, as well as more player engagement and revenue generation for users. Breeding also promotes ‘Bloodline Royalties’, which is a royalty rewards system built into the DNA of all Kitsus by their creators. When a Kitsu is created, it is imprinted with up to three creator addresses and formulates a micro eco-system with income capabilities.

Players are also able to generate their own Referral Code via the new Player Rewards Dashboard, where they can obtain bonus rewards for anyone that obtains Potions via their unique link. Potions are an essential component for Breeding to occur. For more details please press here.

Players can now access the Breeding gameplay once they have connected their wallet via the new Kitsumon Breeding Page. An extensive guide on breeding can also be found here

CEO of Kitsumon, James Kirkby, had this to say:

“It has been a mega few months of continuous hard work and development by the whole Kitsumon team. We of course have seen the whole Crypto market in a Bear Cycle and this has been a unique opportunity to fine tune and take things to a new level in the background. We are proud of the amazing achievements this year thus far and now with the addition of a massive Gameplay feature such as Breeding going Live fulfills not just a milestone but also our continued promise to our fans and users to develop continuously and bring out exciting gameplay aspects to our game”.

Players can obtain potions here.

About Kitsumon

Kitsumon is an NFT game about collecting, breeding, and caring for adorable Kitsu pets. From play to earn professions like farming, fishing, cooking and an in-depth NFT breeding system, all the way to MOBA PvP modes and land acquisition.

To find out more about Kitsumon, please follow and keep up to date on these platforms:
DISCORD – TWITTER – YOUTUBE – TELEGRAM

Contacts

Head of Marketing
- Simon Buckingham
- Kitsumon
- simon.buckingham@kitsumon.com
September 20, 2022
Tips to Avoid Scams when Trading Crypto Via P2P—Utilize Binance P2P to Its Full Potential

Peer-to-peer or “P2P” trading is one of the easiest ways to buy Bitcoin and altcoins using your local currency. Binance P2P provides P2P crypto trading with the freedom to choose the payment method and counterparty.

I use Binance P2P and recommend it to my relatives because the trading steps are very simple and fast. The platform allows me to avoid high transaction fees and use my preferred payment methods.

The Binance P2P platform currently supports P2P trading with over 100 fiat currencies. Money transfer is also supported with more than 500 different banks and payment platforms.

Trade Crypto on Binance P2P

If you select the filter where you can only see merchant ads while trading, you will see more reliable advertisers. You can safely trade P2P by choosing the ones that have the right price and payment method for you among Verified Merchant and PRO Merchants. Binance is constantly improving its risk management measures for both its P2P and regular exchange.

While P2P trading has many advantages, it also has its own share of pitfalls. Unfortunately, users that are new to P2P trading can fall victim to scams.

Binance has taken many precautions when creating their P2P platform to protect users against fraud and make this trading method as safe as possible for everyone. Still, there are some risks that apply to every P2P trading platform and not just Binance P2P. In this article, we’ll be going through some of the most common scam methods and how you can protect yourself effectively.

Common scam methods

Reversible payment

Reversible payment is one of the most common scams in P2P trading. The other party sends money to your account via bank transfer in exchange for the crypto they bought from you.

In the hours following this transaction, he/she calls the bank and says that he/she didn’t make the purchase and wants the money back. The bank cancels the payment and the money in your account goes back to the other party.

Identity fraud

This fraud method is carried out through a compromised card number, a hacked bank account, or a stolen device. In this method, also known as triangulation fraud, the money sent to you is stolen money.

There is yet another method which is identity fraud. You will receive a message asking you to send money to a different account instead of the bank account you agreed with via the P2P application. After you transfer the money, the P2P party tells you that it did not receive the money from you and therefore will not send you cryptocurrency.

During a P2P trade, strictly follow the platform’s guidelines and ignore messages from different sources. The first and last name of the person you are sending the money to must match the first and last name on the platform. To avoid these traps, you can secure yourself using Binance P2P.

How do I stay safe using P2P?

I may have scared you off a bit, but don’t worry, P2P trading is still very safe overall. You just need to know which platform to use and follow best practices. There are a few important things to consider when trading crypto using P2P:

Number of successful trades

Binance and many other apps provide information such as the number of successfully completed trades by the P2P trader, user feedback and ratings, and the average time it takes them to transfer crypto or money.

In addition, you can see if the user has completed the SMS, email and KYC verifications.

Transfer funds you receive

Transfer the money or crypto that the other party sent you to a different account. Even if the other party tries to make a reversible payment, the bank will not be able to return the money back to him.

Check payment receipt

Check the date, amount, name, and other details on the payment receipt. If you have any questions, do not hesitate to ask the other party. Rest assured that it is better to be cautious than to be scammed.

Beware of phishing

Scammers may reach you via a phone call, email, SMS, or social media, asking you to do something. Only communicate through the platform and do not share your contact information during P2P trading. If anyone communicates with you through different channels, never click on the links.

Use security measures

Use multi-factor authentication on all your financial accounts. You can be sure that 2FA is what scammers dislike the most.

Binance P2P is one of the best ways to buy cryptocurrency

P2P is actually the oldest form of cryptocurrency trading. Even decentralized financial transactions are based on the principle of peer-to-peer trading. P2P trading, which combines those who have ready-to-sell cryptocurrencies with those who want to buy cryptocurrencies, is the type of trade subject to minimum transaction fees, time and procedures.

Escrow Service

Binance P2P secures users’ crypto assets for all P2P trades using an escrow service. The escrow service temporarily holds the cryptocurrency of the crypto seller, and releases it to the buyer once both parties involved in the transaction have completed their end of the deal.

KYC

Anyone wishing to trade on Binance P2P must complete KYC verification. Thanks to KYC, everyone trades with their real identity and is legally responsible for their transactions on the platform.

Customer Support

Binance’s customer support can help you with any problems you encounter while using the service. If you have a dispute with the other party, if you want to report a suspicious user, if you want to dispute a trade, you can share your evidence with customer support. I’ve had to reach out to them several times and I’m sure they will take care of you in a friendly way.

September 20, 2022
Sweat Economy Transitions to Web3 with Outstanding Success
Key takeaways:
- SWEAT’s migration to web3 has been seamless as its parent company has recorded various successes
- The firm revealed that it burned over 4 billion SWEAT tokens
Move-to-earn platform Sweat Economy launched on the NEAR network last week with a massive airdrop of its SWEAT token.

The project, which has existed since 2015 and has over 120 million users in the web2 space, decided that moving to web3 was the next step in its roadmap.

With a mission to promote healthier living by incentivizing movement and other physical activities with SweatCoin, it has emerged as one of the most downloaded health apps over the past five years.

SWEAT’s transition has been seamless

But its transition to web3 marks a new step, and that move has been a success so far. Following the launch, it distributed 4.7 billion SWEAT tokens to 13.5 million active wallets that opted for the airdrop.

It is the largest airdrop ever, and unsurprisingly, Sweat wallet was the most downloaded finance app in 51 countries last week. In addition, Sweatcoin’s original app, which has been number one among health and fitness apps for most of the year, also reached the top 3 apps in several countries.

Before the airdrop, Sweat Economy had an IDO on the MakerDAO platform and was the fastest-selling IDO.

With the move to web3, Sweat Economy onboards millions of people into the blockchain space, many of whom had no prior experience with the technology.

Using a specially designed wallet, users can access all blockchain products such as staking, NFTs, and other features without any complications accompanying crypto-native apps.

While the airdrop contributed significantly to the interest, the utility of Sweat Economy means its apps remain very much in use. Sweat Wallet is currently the second most used dApps across all blockchain networks.

4.7 Billion SWEAT burned

The team behind the project also announced an unusual decision to burn 4.7 billion of SWEAT, and there are still plans to buy from the secondary market and burn. Token burn is usually a good way to make crypto tokens deflationary and increase their value.

Speaking on the remarkable transition, co-founder of Sweat Economy Oleg Fomenko said, “this is just the beginning. We are so excited to get millions around the world healthier through the creation of a true decentralized economy of movement.”

Over a week after its launch, SWEAT’s fully diluted valuation is over $1 billion. SWEAT token is currently trading at $0.04765, almost 600% higher than its price at launch
September 20, 2022
Sweat Economy Launch Breaks Crypto Records
London, UK, 20th September, 2022, Chainwire

Last week, Sweat Economy – the ‘economy of movement’ – successfully launched on NEAR with the largest ever airdrop to active, opted-in, wallets. The Move-to-Earn platform, active in web2 since 2016 with over 120 million global users of its Sweatcoin app, distributed their new web3 SWEAT token to 13.5M token holders. The Sweat Wallet app quickly became the No.1 most downloaded Finance app in 51 countries. This follows SWEAT’s success as the fastest IDO ever to sell out on the DAO Maker platform.

Sweat Economy distributed over 4.7 Billion of its newly launched SWEAT token to the 13.5M of its Sweatcoin users who opted to enter into Web3. For many of these users, it is their first experience with Web3, making this airdrop the largest ever on-ramping of self-custody users from Web2 to Web3.

To facilitate the onboarding, Sweat Economy has launched its Sweat Wallet, which is purpose-built to be approachable enough for the many Sweatcoin users who have never interacted with a blockchain before, yet powerful enough to handle token staking, NFT games, and the many more features set to make up the economy of movement. Over 2M users downloaded and activated the Sweat Wallet app within 72 hours of TGE. Sweat Wallet is the second most used dApp across all chains since its launch.

Over the course of the week, the newly launched Sweat Wallet app reached the no.1 Finance app spot in 51 countries and was a top 5 Finance app in 115 countries (plus the most downloaded app across all categories in 8 countries). In addition, the original Sweatcoin app – which has consistently topped the ‘health and fitness’ category throughout 2022 – accompanied its web3 sibling as a top 3 app across all categories in multiple territories.

It was the fastest IDO ever to sell out on the DAO Maker platform with the public sale of c. $1M of SWEAT finishing in <15 minutes. During TGE week, the term ‘Sweat’ trended on twitter with the token frequently appearing as the no. 1 trending search on both CoinGecko and CoinMarketCap. The current FDV after week one is in excess of $1 Billion, making Sweat Economy a crypto unicorn.

And in an unusual move for a token, just prior to TGE the Sweat Foundation and Sweatco announced they were burning 4.76 Bn of their own SWEAT allocation to bring additional value to users. On Friday, they followed this up with a commitment to use 50% of their profits to buy SWEAT from the secondary market for buy and burn or to be distributed as staking yield (with the promise to publish evidence of the buying activity to ensure community transparency).

The SWEAT token is approaching half a billion dollars in trading volume across exchanges FTX, OKX, ByBit, Bitfinex, Kucoin, Gate.io, Huobi and Uniswap over its first 7 days.

Last week was not just a milestone week for the Sweat Economy team – as the realization of our original founding ambition – but a historic week for web3 where we witnessed both the birth of the economy of movement and the mass-onboarding of millions of new users to crypto. My heartfelt thanks go to all our partners and supporters and to the incredible team who have worked so hard on this product and launch. And yet, this is just the beginning. We are so excited to get millions around the world healthier through the creation of a true decentralized economy of movement’ – said Oleg Fomenko, Co-founder of Sweat Economy.

About Sweat Economy

Established in 2015, Sweat Economy is on a mission to promote healthier living by encouraging people to move more. Over 119M users rely on Sweatcoin to incentivize their daily movement with the app, currently the most downloaded Health and Fitness app in the world. The Web2 app awards ‘sweatcoins,’ dubbed “Airmiles for steps” that can be redeemed for branded products, digital services, and charitable donations.

Contacts
- Dan Horowitz
- PR@marketacross.com
September 20, 2022
OviO, a Smart Contract Platform Bridging Liquidity Between Web2 Games and Web3, Launches Android App
Key takeaways:
- Liquidity connecting platform OviO has rolled out a native Android application, with iOS support reportedly coming “in the next few weeks”
- OviO is bridging the gap between Web2 mobile games and Web3 economy, enabling gamers to buy, sell, trade, and exchange in-game currencies
- The full launch of the OviO exchange platform is slated to take place in the third quarter of 2023
OviO aims to convert $175 billion of in-game currencies into tradeable crypto assets

OviO, a blockchain-powered ecosystem designed to facilitate in-game currency tokenization, has launched its native Android application that lets users and developers tap into the growing gaming-focused Web3 economy. The OviO team plans to release an app for iOS users in the upcoming weeks.

Aiming to give gamers more control over their in-game assets and currencies, the OviO platform uses a system of smart contracts to connect traditional Web2 mobile games with the broader Web3 economy. This introduces new utility to in-game currencies – which the OviO team estimates are worth $175 billion – enabling players to buy, sell, trade, and swap assets in OviO’s digital marketplace.

Beyond working on exchange functionality, the OviO team is partnering with leading mobile gaming developers to give its users access to exclusive deals. The company is already working with the teams behind popular mobile games Impossible Space and Trial Extreme 4 – with an aggregate of 50 million monthly active users (MAUs) – and is looking to further expand its partnership program going forward.

OviO users can look forward to earning so-called OviO credits, which are digital tokens that can be redeemable across different games.

OviO co-founder and CEO Nir Hauer had this to stay about the company’s core mission:

“Our mission is to offer gamers and crypto communities the best liquidity experience with our universal gaming token, which can offer our communities the holy grail of interoperability and ownership of any game asset across all games, domains, chains, and categories. Our frictionless approach means our community of gamers gain the best experience from our games, not to mention exclusive in-game content, great discounts on game-coin purchases, and better exchange rates for our most loyal users.”

According to their roadmap, the OviO team aims to airdrop OviO credits to early adopters in Q3 2022, with the subsequent token launch slated for early 2023. The full launch of the OviO Central Exchange and Game Discovery Platform is expected in the third quarter of 2023.
September 20, 2022
Metaverse Technology Company Peer Inc. Partners with Fresh Consulting to Bring the AR Metaverse to Market
Seattle, Washington, United States, 20th September, 2022, Chainwire

Peer Inc., a metaverse technology company, has entered a new partnership with Seattle-based innovation agency Fresh Consulting. Peer will be working with Fresh to deliver on its vision of a gamified digital layer on top of the world, and support its mission to bring people and content into the metaverse. Fresh will provide an elite team of engineers, developers, designers, and strategists who build innovative end-to-end solutions for some of the world’s largest tech companies.

“AR is eating the metaverse,” said Tony Tran, CEO & CTO, Peer Inc. “We were searching for a crack-shot execution team to deliver on our massive AR vision to leapfrog ahead of the competition. We found it at Fresh. Their impressive portfolio and extensive service offerings position us to advance our mission in short order.”

Peer will work with Fresh to develop hardware and software experiences over Peer’s decentralized blockchain to drive mass adoption, give users ownership of their data and help them monetize what they create online.

“The metaverse is inevitable,” said Tran. “We see a clear path to a magical AR experience in a coherent product that people will want to use every day. Blockchain will give peers what they need to go from digital experience to digital reality. We’re so excited about what’s coming we can hardly sit still.”

In a recent podcast with Fresh Consulting on the metaverse, Tran elaborated on its immense potential. “In the simplest embodiment, the metaverse will exist as a three-dimensional expansion of the web that we know and love today. Metaverse content will exist everywhere and connect everything. It’s really like a merging of the present web that we know, all of the data that’s on the web, plus all of the connected devices, and then mapping that against the physical world.”

Fresh is a fifteen-year-old company with over 380 employees, headquartered in Bellevue, Washington, with offices in Portland, Bangkok, Austin, Dallas, and Houston. Fresh has delivered award-winning work while serving over 400 clients, from startups to Fortune 100 companies. They provide holistic, end-to-end solutions across strategy, design, software, and hardware.

“We’re really excited to be working with Peer given where the future is going,” said Fresh Consulting CEO Jeff Dance. “Today, there are already a billion devices with augmented reality, and in the future, the Holy Grail is where technology disappears. How we make AR a natural human experience is the promise of the metaverse.”

For more insight on the future of AR and the metaverse, please watch this interview with Jeff Dance, Tony Tran, and Peer COO Heath Abbate.

About Peer Inc.
Peer is a metaverse technology company building a gamified digital layer on top of the world. Peer is headquartered in Seattle, Washington. To learn more, please visit peer.inc and follow Peer on Twitter @peerpmc.

Contacts
- Jonathan Ghent
- jon@peer.inc
September 20, 2022
Huobi Global to List Inery Token on September 28th, 2022
Singapore, Singapore, 19th September, 2022, Chainwire

Inery, a decentralized data system, announces the official listing of its token on Huobi Exchange is set to go live on September 28, 2022. Huobi Exchange is one of the world’s leading crypto exchanges, supporting over 1000 trading pairs and more than 600 cryptocurrencies.

Inery takes a different approach to decentralizing data and data management for both Web2 and Web3 companies while streamlining the shift to the decentralized web.

Inery ecosystem is curated to enable decentralized data management by integrating blockchain functionalities like immutability, security, and owner-controlled data assets with the distributed database properties to enable high performance, low network latency, and complex query functions. The ecosystem is secured and powered using the network’s native token, $INR.

“We are pleased to have Huobi Exchange on board with us. Listing Inery token plays an integral role in our roadmap; and with Huobi’s support, we can bring Inery’s vision to the markets and onboard more people in our mission to reshape the world through the paradigm shift in data management,” stated Dr. Naveen Singh, Inery co-founder, and CEO.

When listing on Huobi exchange, the official listing pair of Inery will be INR/Tether (USDT) trade pair will become available for trading at 13:00 UTC on September 28.

The project’s approach is to ensure that data management and storage is not constrained to walled gardens, and the power is handed back to the users as we advance towards the revolution of the internet– Web3.

Huobi is supportive of the innovative projects empowering users in the crypto and blockchain sector and integration of the technology with other verticals, which is why $INR token’s first listing will be on Huobi Exchange.

About Inery

Inery is a layer-1 blockchain and decentralized data system. It enables a decentralized, secure, and trusted foundation for database management. Leveraging blockchain technology, Inery introduces a decentralized and distributed infrastructure for database management.

About Huobi

Founded in 2013, Huobi Group is a world-leading company in the digital economy industry, with a mission to make breakthroughs in core blockchain technologies and integration of blockchain technology with other industries.

Huobi Group boasts of offering world-class security and a global ecological and industrial layout. It has partnered with Sequoia, Fenbushi Capital, Link Capital, Node Capital, SVIEF, CIDA, FBG Capital, and more.

Contacts

Director of Marketing & PR
- Tijana D Gertner
- INERY PTE. LTD.
- tg@inery.io
September 19, 2022
GRNGrid secures 50 million USD investment Commitment from GEM Digital
ZUG, SWITZERLAND, 19th September, 2022, Chainwire

The GRN Association announced today that it has secured an investment totaling $50M for the GRNGrid project from GEM Digital Limited, a venture capital focused on digital currencies.

About GRNGrid

GRNGrid is an environmentally friendly, scalable, and stable Layer 1 blockchain, with novel DeFi features. On GRNGrid, users have the choice to only use nodes running exclusively on renewable energy for their transactions.

GRNGrid’s renewable energy partners, who specialize in data center and hosting facilities, have shown keen interest in running Grid’s nodes as validators. With their help, the company can kickstart the availability, speed, and sustainability of GRNGrid in Q2 2023. GRNGrid’s novel features as GRNPay and Exnode will also encourage developers and consumers to connect on GRNGrid.

GRNGrid is also introducing Proof-of-Stake V2 (PoS2). GRNGrid is the first blockchain with a consensus method specifically designed to tackle whales and achieve fairer distribution. This consensus method will deliver increased security, enhanced decentralization, and better financial sustainability.

GRN ($G) is the native token of GRNGrid. “G” will govern the blockchain by staking to validate and earn validation rewards. Consumers are able to provide liquidity to the inbuilt DEX called Exnode.

The GRN Association is a Swiss-based NPO (non-profit organization), — and protects the sustainable vision of GRNGrid, as well as providing funding to environmental projects. The association also handles the ReCharge program, which enables GRNGrid validators to repurpose their hardware and cut back on electronic waste.

The new funding from GEM will be invested in further connectivity with top crypto Exchanges, adding new global professional partnerships, and building out its blockchain technology and infrastructure.

Frederik Vyncke: “The GRN Association is confident that with the support of GEM investment and the community, it can bring GRN Grid to fruition and be setting the tone for a renewable blockchain with innovative features and create a sustainable development”

For more information, visit:

GRNGrid | Twitter | Telegram

About GEM

GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in promising utility tokens listed on over 30 centralized and decentralized exchanges globally.

For more information, visit:

GEM Digital Limited

Contacts

Board Member
- John de Vroede
- GRN Association
- john.devroede@grngrid.com
Board Member
- Frederik Vyncke
- GRN Association
- Frederik.Vyncke@grngrid.com
September 19, 2022
BTC Falls Beneath $19K, ETH to $1,300 as Investors Brace for Potentially Largest Fed Rate Hike in 40 Years
Key takeaways:
- Bitcoin dropped from last week’s high above $22,000 to the 18,000 price level on Monday
- The total cryptocurrency market cap shed $200 billion in the past seven days
- The reason for the sell-off lies primarily in the upcoming rate hike, which could see the Fed resort to a multi-decade high rate increase
Bitcoin and Ethereum drop to their respective multi-month lows

The combined value of all digital assets in circulation decreased by more than $200 billion in the past week, leading to most coins recording double-digit losses in the time period – Bitcoin lost roughly 15% and revisited its June lows, while Ethereum lost over 24% and hit a two month low of roughly $1,330.

BTC/USD dropped to $18,400 on Monday.

Bitcoin and Ethereum were far from being the only crypto assets to suffer from the broader negative market trend. In total, just 5 out of the top 100 cryptocurrencies have been trading in the green zone in the past 24 hours.

XRP, Cardano, and Dogecoin lost roughly -7% each, while Ethereum Classic and BitDAO posted double digits losses of roughly -13% and -12%, respectively.

The activity in traditional markets closely resembled what has been going on in the crypto sector, with S&P 500 losing nearly 6% in the past five days. As the drop in the value of the leading US stock index suggests, several major US corporations took a hit in the past week. Microsoft stock (MSFT) lost -7.9% in the past five days, Amazon (AMZN) -7.8%, and Apple (AAPL) -5.5%.

Investors anxiously await the FOMC meeting slated for September 21

Arguably the primary reason for the drop in the value of digital and traditional assets is the upcoming interest rate hike. Judging by the August inflation data, which showed a month-over-month increase in CPI, there is growing sentiment among investors that the Fed could decide to increase the federal funds rate by 100 basis points at the next FOMC meeting on September 21. However, it is worth noting that most projections forecast a third consecutive 75 bps hike, which would bring the Fed rate to 3.00% – 3.25%.

For context, the last time the Federal Reserve resorted to a full percentage point rate hike was in 1979, when then-Fed chairman Paul Volcker raised the rates from 11% to 12%.

According to a recent Financial Times report, the Fed could keep interest rates above 4% beyond 2023. Interestingly, 66% of economists polled in the report believe the US central bank will increase interest rates to 4-5%, while nearly a fifth of all respondents think restrictive monetary policy will push interest rates to 5-6%.
September 19, 2022