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  • SYN CITY Reveals Token Auction via Copper Launch with Support from Merit Circle and GuildFi

    SYN CITY Reveals Token Auction via Copper Launch with Support from Merit Circle and GuildFi

    Singapore, Singapore, 5th January, 2022,

    SYN CITY, the first-ever mafia metaverse, has selected Balancer’s user-friendly version, Copper Launch, to handle its upcoming token launch auction. SYN CITY is following in the footsteps of GuildFi and Merit Circle who both raised more than $100 million apiece during their respective token auctions on Copper Launch.

    SYN CITY’s launch is expected to be the biggest yet – from January 8th to 10th. Marco van den Heuvel, CEO of Merit Circle expresses his optimism, “We are excited to announce our partnership with SYN CITY, a highly anticipated mafia-themed metaverse due to open to the world in the coming months. Embracing free-to-play at its core, SYN CITY is all about play-to-earn and rewarding players through various special earning events. They are gearing up for the upcoming Copper TLA and we are happy to share our experience with the SYN CITY team”. 

    Additionally, Rit Bencharit, Evangelist at GuildFi wishes the best for SYN CITY’s launch on Copper, “We believe SYN CITY is building a unique ecosystem that is attracting the masses to join in a short span since inception. With its strong backers and strong community, SYN CITY has the foundation to continue to grow into a leading and revolutionary ecosystem. We strongly believe in the potential of SYN CITY, which is why we have made an investment into the game and guiding them in preparations of their upcoming Copper TLA”

    Commenting on the forthcoming Copper Launch, Roy Liu of SYN CITY notes, “2021 was the year of NFTs. 2022 is the year of the metaverse. We are grateful for the support of our investors and partners, and we look forward to following in the footsteps of other successful projects like Merit Circle and GuildFi, and their spectacular success on Copper Launch.”

    The platform recently raised $8 million from its investment round led by Twitch co-founder Justin Kan and Zynga China’s co-founder Robin Chan’s Goat Capital. Other prominent backers include Do Kwon (Terra), Luke Wagman (CMC), Elliot Wainman, Alex Becker (Superfarm), Jordan Momtazi (Synthetix), Paul Menshov (Coinlist), Kieran Warwick (Illuvium), and Santiago R Santos, A&T Capital, Alex Pack’s Hack VC, Animoca Brands, Spartan Group, iAngels, and many more.

    About SYN CITY

    SYN CITY is the first-of-its-kind “mafia metaverse” game built for the blockchain. Constructed by a team of experienced game developers, SYN CITY brings the mafia and syndicate-style gameplay on-chain while introducing a unique in-game governance feature called Mafia-as-a-DAO (MaaD). The platform’s native token, SYN, offers players access to several earning opportunities like events and governance rewards. Gamers can participate in daily events, including PvP, PvE, and Syndicate-based contests like cross-chain tournaments.

    Contacts
    • Ryan Dennis
    • marketing@syn.city
  • Algorand is Bringing ‘Play to Earn’ to Drone Racing Metaverse Game

    Algorand is Bringing ‘Play to Earn’ to Drone Racing Metaverse Game

    Drone racing is a rapidly emerging form of entertainment that allows competitors to put their split-second decision-making to the test and use head-mounted displays to navigate their customized drones over a set course as quickly as possible. The Drone Racing League (DRL) is reportedly partnering with Playground Labs to bring the popular concept to the metaverse.

    Key takeaways:

    • DRL and Playground Labs, a company that specializes in building the next generation metaverse infrastructure, have announced they are working on a drone racing game that will feature Play-to-Earn (P2E) mechanics and be built on the highly efficient Algorand blockchain.
    • P2E is rapidly gaining notoriety in the crypto and gaming industries. The new monetization model allows players to earn digital assets that are transferable between various gaming titles and offers a stark contrast to the mechanics employed in traditional video games.
    • According to the press release, players will be able to compete for a share of non-fungible token (NFT) rewards and digital tokens, which is pretty much all that is known at this point. The two companies have not yet disclosed further details about the upcoming game.
    • The decision to pick Algorand as the backbone of the new virtual reality game comes four months after DRL signed a $100 million deal with the rapidly growing crypto platform. 
    • Drone racing has enjoyed great success over the past few years – the global drone racing market is projected to grow from $412 million in 2019 to $2.1 billion by 2026.
    • Algorand, a specialized Layer 1 network optimized for blockchain interoperability, decentralized finance (DeFi), and NFTs, has skyrocketed to 20th place in the market in just two and a half years since its release. 
    • The price of ALGO, the platform’s native token, has increased by 2.74% in the last 24 hours and nearly 12% in the first few days of 2022.
    Buy/Sell ALGO
  • Vitalik on Ethereum: ‘We Are 50% of the Way There’

    Vitalik on Ethereum: ‘We Are 50% of the Way There’

    On Monday, Vitalik Buterin appeared as a guest on the latest episode of the Bankless podcast, a Youtube series that explores the frontier of crypto money and finance. In the 2 hour talk, the founder of Ethereum and its head developer outlined the current state of the world’s second-largest crypto network and identified key obstacles standing in the way of “100% optimization.”

    Key takeaways:

    • The 99th episode of Bankless, titled Endgame, was focused primarily on the technical aspect of Ethereum development and Buterin’s vision on the future of blockchain technology.
    • Buterin outlined five key and somewhat broadly defined phases on the road towards the full realization of ideas first proposed in Ethereum’s white paper. The first phase is dubbed the merge, followed by the surge, and finally the verge.
    • Buterin described the merge as the transition from Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS), which will significantly reduce the power consumption and provide greater transaction throughput and scalability. If everything goes according to plan, the transition to PoS should transpire sometime in the first half of this year.
    • The next step, the surge, will introduce considerable improvements to ZK-Rollups, a Layer 2 smart contract solution that takes hundreds of transactions off the main blockchain and bundles them into a single transaction. This process frees up the Layer 1 chain’s bandwidth and further boosts the network’s scalability. 
    • Buterin noted that the full implementation of the merge and surge processes would represent an 80% completion of the entire roadmap. The successful launch of the London hard fork in August and the rise of non-fungible tokens (NFTs) have pushed the completion rate to 50%, according to Buterin.
    • The final step called the verge will democratize access to transaction validations to “the broadest number of participants possible.” After that, the purge and the splurge will do away with historical data and bring various EVM upgrades to the network, at which point the roadmap will be completed.
    • Ethereum is “not yet the layer-one system that is ready for direct mass adoption,” said Buterin and pointed out the importance of Layer 2 networks and commended their service of lowering transaction costs and artificially boosting scalability of the network.
    • It took six years for Ethereum to reach a 50% completion, and it will take another six for Ethereum developers to finalize the remaining half, according to Buterin.
    • On December 2, Buterin tweeted the full copy of the updated roadmap diagram.
  • Gains Network Unlocks First Part of $750K Grant To Grow Decentralized Leveraged Trading Platform gTrade

    Gains Network Unlocks First Part of $750K Grant To Grow Decentralized Leveraged Trading Platform gTrade

    Munich, Germany, 5th January, 2022,

    Gains Network, creator of the next-generation decentralized leveraged trading platform gTrade, has applied for $750,000 in financing from the Polygon DeFi in order to hit the next two major milestones on its roadmap.

    Gains Network has unlocked an initial budget of $250,000 in MATIC tokens to help it hit four key targets within the next two months. Its first milestone, which was set 1 month ago and is almost already reached by organic growth only, includes sustaining $30 million+ in daily trading volume for at least 10 days, and $20,000 maximum per-trade collateral as enabled by its DAI vault. Additional targets include $4 million in GNS/DAI liquidity, and $2 million of total value locked in the DAI vault, which have already been reached.

    Whilst ambitious when these targets were established, recent rapid growth puts gTrade already well on the way to hitting them, with a current average of $20 million in daily trading volume, and a $18,000 max per-trade collateral, rising from just $6,000 before its DAI vault update less than two weeks ago. It also has more than $7 million in TVL in GNS/DAI LPs and has managed to reach $1.8 million TVL in its DAI vault only 4 days after its opening.

    Gains Network is building gTrade, a super fast and liquidity-efficient decentralized leveraged trading architecture that makes the very best use of the Polygon blockchain, a protocol and framework for building and connecting Ethereum-compatible blockchain networks and an ecosystem of DeFi apps with lower transaction costs and faster speeds than Ethereum.

    gTrade offers big advantages for traders, including leverage on median spot prices, and the promise of 0% funding fees and 0% price impact thanks to its unique asset agnostic synthetic trading architecture powered by the minting and burning of its native GNS token.

    The gTrade platform currently offers 43 cryptocurrencies with 5 to 150-times leverage, plus 10 major Forex pairs with up to 1000-times leverage, with a fully on-chain architecture. Trades are precisely executed through Gains Network’ on-demand Chainlink Decentralized Oracle Network at the median spot price sourced from multiple exchange sources to ensure traders receive the fairest possible prices. gTrade also has the advantage of not requiring liquidity for each pair, as 100% of liquidity for settlements on all trading pairs is backed by the GNS/DAI pool and the DAI vault.

    Gains Network believes the gTrade platform is now ready to handle thousands of users and hundreds of millions in volume, so now is the time to grow. Its ambitious roadmap calls for an additional $500,000 in funding from the Polygon DeFi to achieve its second milestone, which calls for $100 million in daily trading volume for at least 10 days, $50,000 max. per trade collateral, $10 million in GNS/DAI LPs, and $5 million staked in the DAI vault.

    Gains Network said its ultimate aim is to make gTrade and Polygon the primary destination for decentralized leveraged trading on the blockchain. “It is a great pleasure for us to work with Polygon for this trading incentives program. Gains Network’s mission with gTrade has always been to give an innovative, decentralized, and fair solution to leveraged trading. It is now time for the world to realize that Polygon is THE blockchain to trade with leverage!” told us Sébastien, their founder.

    About Gains Network

    Gains Network is building an innovative DeFi ecosystem of products on Polygon. With its gTrade platform, it aims to bring liquidity-efficient decentralized leveraged trading architecture to the Polygon blockchain.

    Contacts
    • Sébastien
    • contact@gains.trade
  • SHARPEI Wants To Be The Top ‘Meme’ Token

    SHARPEI Wants To Be The Top ‘Meme’ Token

    The cryptocurrency industry continues to shatter all kinds of records, however it must be said that as popular as this sector has become, a considerable portion of its success can be attributed to certain ‘meme’ cryptocurrencies and tokens. Some of the more famous meme tokens involve Tesla and SpaceX CEO Elon Musk’s favorite, Dogecoin (DOGE), as well as the similarly canine-themed Shiba Inu (SHIB). What’s more is that ever since the former became immensely popular, there have been all kinds of different variations such as Baby Doge Coin (BABYDOGE), The Dog NFT (DOG), DogeGF (DOGEGF), Shiba Floki (FLOKI), and many more.

    It is therefore clear to see that the hype surrounding these dog-themed tokens is not going anywhere for the time-being, and that is why a similar token known as Shar Pei (SHARPEI) looks to take advantage of the current canine craze.

    Understanding Shar Pei

    Before making any kind of investment, it is important to understand what the project actually is and what it entails. Shar Pei is a dog breed with wrinkled skin, and this initiative seeks to piggyback on the fervour around canine-oriented tokens as well as cryptocurrencies. When it comes to understanding Shar Pei, it is important to note that this project’s team does not have any plans of profiting from these types of tokens, but rather to focus its attention toward aligning itself with the overall concept and its practical implementation.

    As a result, 100,000,000,000 is the overall supply to begin with, and 50% of this amount has been reserved for the foreseeable future as well. Having said that, 50,000,000,000 being completely locked in for a period of five years appears to be a fair proposition from which investors may considerably gain substantial profits. The SHARPEI coins were released fairly recently too, and the project is also presently trending on top sites such as CoinCheckup and Coincodex.

    Moreover, cryptocurrencies and tokens would usually involve liquidity, and so 50,000,000,000 are therefore allocated for the next 12 months in addition to all the tokens still being in circulation. The most important part of Shar Pei, however, is that its holders can store up to millions, billions, or even trillions of dollars via their respective wallets in a seamless, time-effective and efficient fashion. Shar Pei also has a market valuation of $8,000,000 as well as 5,000 holders which it managed to gain in a relatively short amount of time. Lastly, since its inception, a spectacular 20,000% gain had also been recorded.

    Is SHARPEI worth it?

    The simple fact is that nobody knows just how long the current craze surrounding meme tokens is going to last, as it could go for another few years or the next couple of months. The point is, many investors and traders enter the cryptocurrency industry and market primarily to make money, and if the record-breaking increases and gains experienced by other cryptocurrencies like DOGE are any indication, then SHARPEI could be a profitable token to have in one’s portfolio indeed.

    Ultimately, investors are encouraged to do their own research but perhaps the most significant aspect of discussion here is that Shar Pei is based on honesty and fair treatment for all, which suggests that there will be no private sale or seed sale. Furthermore, SHARPEI includes a free launch and it is implied that no team nor dev tokens are necessary for the purchase of Shar Pei either. Additional information can be accessed via Shar Pei’s Telegram, Twitter, and website.

  • MicroStrategy Acquired $94M Worth of Bitcoin in December, Bringing its Total Stash to 124K BTC

    MicroStrategy Acquired $94M Worth of Bitcoin in December, Bringing its Total Stash to 124K BTC

    MicroStrategy, a publicly-listed US-based company, has spent $94.2 million on its purchase of 1,914 Bitcoin during the month of December. According to Bitcoin Treasuries, the company now holds 124,391 BTC, worth $5.8 billion at current market rates.

    Key takeaways:

    • According to the SEC filing published on Thursday, MicroStrategy has spent an average of $49,229 per Bitcoin it obtained during December.
    • MicroStrategy’s stash of more than 124K BTC is by far the largest stockpile of the world’s largest crypto by any of the publicly traded companies. Electric vehicle manufacturer Tesla is the second-largest holder, with 43,200 BTC. 
    • In the documents filed with the Securities and Exchange Commission (SEC) MicroStrategy disclosed it spent a total of $3.75 billion on Bitcoin, at “an average purchase price of approximately $30,159 per BTC.”
    • During the Investor Day 2021 event held in December, MicroStrategy CEO Michael Saylor hinted that the company is looking to produce “yield” from its massive BTC stash, and might consider lending a part of its digital portfolio in the future. 
    • Given the reported average purchase price of BTC, MicroStrategy is currently up more than $2 billion on its BTC investments, which represents a nearly 56% ROI.
    • The interactive chart of MicroStrategy BTC holdings made by The Block shows the average BTC purchase price and the total number of coins the company holds.
  • Play-to-earn Soccer Game MonkeyBall Launches $MBS Trading And Announces Upcoming NFT Drop

    Play-to-earn Soccer Game MonkeyBall Launches $MBS Trading And Announces Upcoming NFT Drop

    Tel Aviv, Israel, 4th January, 2022,

    Play-to-earn venture MonkeyBall has capped off a multi-month process by launching its $MBS token. The team will focus on the upcoming Monkey NFT Drops to celebrate that crucial milestone, bringing more attention to the project and what the team aims to achieve. 

    MonkeyBall is pleased to announce the launch of its $MBS token, which can be traded across multiple exchanges and trading platforms. The token will serve multiple purposes in the broader MonkeyBall metaverse, including gaining access to the in-game store, buying Breeding capsules to create new MonkeyBall Monkeys, and much more. 

    The upcoming Monkey NFT Drop marks another significant milestone for the project. Gaining access to an NFT ensures you can play the upcoming MonkeyBall game and offers intriguing benefits to features that launch before the game goes live. Early access includes exposure to:

    • Pioneers Gear-Up Camp: a way to collect consumable game items and supplies for free.
    • In-Game Store: buying various heavily discounted consumable items and breeding capsules to train Monkey players.
    • Breeding season: the ability to buy new Breeding captures to create new generations of MonkeyBall Monkeys. Bred Monkeys can be used as players or sold to other players.
    • PvE Game Mode: Playing games against the environment to better understand the game’s mechanics and how to level up characters. 

    The upcoming NFT drop for MonkeyBall will feature Gen-0 Monkeys. Breeding these creatures will result in Gen-1 Monkeys, and so forth. The ultimate goal is to ensure sufficient teams and leagues to facilitate matchmaking. Monkeys will have various appearances, core game skills, perks, rarity level, and gameplay skills. 

    Interest in the MonkeyBall ventures has risen strongly over the past few months. Draftkings’founders, along with Solana Capital, Republic, NFX, iAngels, and Longhash, backed the project through a $3 million round in October 2021. Moreover, the team raised an undisclosed amount of funding from Alameda Research, YGG, and other investors in December 2021. Both rounds complement MonkeyBall’s initial DEX Offering (IDO) on Starlaunch in November. 

    MonkeyBall is developed on the Solana blockchain with the Unity game engine as a play-to-earn soccer game. The developers aim to provide high production value and AAA gaming accessible to everyone. Players will manage a team of four monkeys playing matches against other users. Additionally, players will earn $MSB tokens for every game they win, allowing them to buy stadiums and attend other players’ matches. Exploring those two latter options entitles users to additional rewards. 

    About MonkeyBall:

    MonkeyBall is the next-gen esports game on the metaverse that enables players to Create, Play, Compete, and Earn.

    MonkeyBall combines high-production-value, multiplayer gaming with Solana blockchain, NFTs, and decentralized finance to deliver an exciting, turn-based, play-to-earn soccer game that’s easy to learn yet hard to master.

    Join the Community:
    Discord | Telegram | Twitter | Youtube | Twitch | Facebook | Instagram | Reddit 

    Contacts
    • Oren Langberg
    • oren@monkeyball.com
    • +972545865867
  • Revuto’s REVU Token is Set to Become the First Cardano Native Token Traded on Top Tier Centralized Exchanges

    Revuto’s REVU Token is Set to Become the First Cardano Native Token Traded on Top Tier Centralized Exchanges

    • Revuto’s token REVU is set to become the first Cardano native asset to be listed on top tier CEXs.
    • From January 7 on retail investors will be able to trade REVU on KuCoin and Gate.io exchanges.
    • Revuto is a blockchain start-up developing an active subscription management dApp that will help people save money on their subscriptions.
    Slika, ki vsebuje besede besedilo, naprava, nadzorna plošča Opis je samodejno ustvarjen

    Revuto is making history once again

    Revuto, a blockchain start-up developing a subscription management dApp, has announced that they are ready to make history again by getting REVU token listed on KuCoin and Gate.io exchanges. The double listing is such a historical event because it will not only mark Revuto’s centralized exchange debut, but with it REVU will also become the first ever Cardano native asset to be listed and traded on tier 1 centralized exchanges. Revuto’s CEO and co-founder Vedran Vukman highlighted that they were their company was the first ICO on Cardano and that they managed to achieve record growth in the past 4 months. Nevertheless, nothing has been rushed and the project has been audited by one of the leading blockchain security companies, Vukman said:

    “We are proud to make history again with REVU, after being the first ICO, publishing the 1st Cardano lite wallet and breaking records with our growth – we are now the first to list on tier 1 CEXs, KuCoin and Gate.io. The process included multiple legal openings for our utility token, from top legal firms including both US and EU legislations, with audits being in process and led by the global leader blockchain security. We also partnered with Skynet Trading for institutional-grade liquidity solutions. Our ethos is to work only with the best; to ensure our customers and investors enjoy the best products and returns. It may take longer and is often the more difficult way – but it’s the right way to build long term value.”

    Revuto offers an easy way to manage all your subscriptions at one place

    Revuto is an active subscription management dApp built on Cardano. It aims to help people save money on their subscriptions, by offering users an easy way to pause and restart subscriptions whenever they need to, with one single click. The app also offers a clear overview of all your subscriptions in one place, which allows you to never be subscribed to services when you can’t use them. With most of the music and movie streaming providers, gaming studios, software developers and even online retailers switching to the subscription format, Revuto has one big upside – it addresses a real-world problem. This will likely allow REVU to stay sustainable regardless of crypto market conditions.

    The KuCoin cryptocurrency exchange, which recently achieved a historic milestone of 10 million registered users, is proud to be the first crytpo trading platform to list REVU and commended the team working on the project:

    “We’re proud to be at the forefront of crypto innovation – and being the first to list REVU is doing just that. The team, project and fundamentals are stellar and we’re happy to join them on this journey.”

    Users and investors have also already started to recognize the value of Revuto’s product. After raising million $10 in a matter of minutes through an ICO in May 2021, the company has since amassed more than 3 million early sign-ups for the app. Since August, more than 300.000 users worldwide registered with Revuto, earning this blockchain start-up the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai. 

    Revuto’s Future Features

    Currently, the company is preparing to launch its own Virtual Debit Cards to easily manage subscription seasonality. In addition, the debit cards will allow users to pay for their subscriptions with Cardano native tokens. Later this year, Revuto plans to roll out liquidity pools for micro-lending and borrowing. Using this DeFi functionality for subscriptions, Revuto users who provide liquidity to other Revuto users will be able to earn yield, ending up paying less for their subscriptions than they would pay if they used fiat money to settle the amount due.

  • FTX.US Intends to Expand its Exchange Offering with Crypto Derivatives and Self-Hosted NFT Wallet

    FTX.US Intends to Expand its Exchange Offering with Crypto Derivatives and Self-Hosted NFT Wallet

    Key takeaways:

    • FTX US, the US arm of the international FTX exchange is reportedly working on launching a crypto derivatives service, new NFT functionality, and a stock trading feature
    • The FTX US exchange’s NFT offering is rapidly becoming one of the most feature-rich platforms in the sector
    • FTX US has obtained CFTC licenses necessary to provide derivatives trading services in the US market

    FTX US, the United States arm of the FTX international cryptocurrency exchange is reportedly working on several features for its US customers. The exchange is developing a crypto derivatives offering, a new self-hosted non-fungible token (NFT) wallet with support for NFT NFTs and NFT gaming, and on providing access to stocks trading directly on the FTX US platform.

    FTX.US is rapidly developing its NFT offering 

    The president of FTX US Brett Harrison recently tweeted a list of upcoming features that FTX US customers can look forward to launching in the coming months. While the exact date of release of each of the listed services is not yet known, the exchange has made significant strides towards turning its goals into reality.

    Back in June, FTX launched its native NFT marketplace and became one of the first centralized exchanges in the world to provide direct access to digital collectibles on its platform. In October, the exchange’s US-based arm added support for Solana-based NFTs, and roughly two months later the support for Ethereum-based NFTs was added as well. The exchange didn’t fall asleep on its laurels and is now working on a self-hosted wallet that supports FTX NFTs.

    FTX US has recently signed a deal with NBA franchise Golden State Warriors to become the team’s exclusive NFT platform and collaborate on issuing a set of unique digital collectibles commemorating the rich history of one of the winningest clubs in basketball’s history.

    FTX has obtained the licenses necessary for a crypto derivatives launch in the US

    FTX US first made its plans of providing crypto derivatives to US customers abundantly clear in October, when the exchange acquired LedgerX, a digital currency futures and options exchange regulated by the Commodity Futures Trading Commission (CFTC).

    After the acquisition of LedgerX, FTX moved forward with its plans and obtained the following licenses from CFTC required to offer derivatives in the US: Designated Contract Market (DCM), Swap Execution Facility (SEF), and Derivatives Clearing Organization (DCO).

    Additionally, FTX US has become a member of the International Swaps and Derivatives Association (ISDA), a new York City trade association with more than 925 members in 75 countries.

    “There has been a lot of tension between industry and regulators, and both sides have, in many cases, left feeling frustrated.” – Sam Bankman-Fried, CEO of FTX

    Sam Bankman-Fried, the founder and CEO of FTX and the richest person in crypto, has recently singled out the slow pace at which new crypto regulation is being passed as the key obstacle holding back the adoption of digital assets.

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