The MahaDAO founders, Steven Enamakel and Pranay Sanghavi have recently bought back a large chunk of $MAHA from various private sale investors in a bulk OTC transaction. The deal was led by Simon Dedic from Moonrock Capital, allowing the founders to have a more vested interest in the project.
The deal marks a new beginning for MahaDAO as the project begins to take new heights with the launch of its valuecoin ARTH, a stable cryptocurrency that beats inflation in high inflation countries like Venezuela, Argentina, Turkey through its open-source mobile app.
Since the launch of the MAHA token in December 2020, MahaDAO has seen a high inflation rate of 2% of MAHA supply per month. However, this inflation rate reduces to 0.6% per month from December 2021, as private sale investors stop receiving token unlocks, making the MAHA token more scarce.
Due to the high volume of this trade which accounts for roughly 3% of the MAHA circulating supply, the MahaDAO team will be able to protect the governance of the DAO from any malicious whales.
“We are incredibly grateful to Simon Dedic and the Moonrock team for allowing us to become more vested in what we are building. As founders, we have a long-term outlook for the project and this deal ensures that we can protect MahaDAO’s governance for the long term. We are grateful that VCs like Simon also share a long term vision for MahaDAO” – Steven Enamakel, MahaDAO
“We have worked with the MahaDAO team for more than a year now and fully believe in their capabilities to execute on their vision. As its crucial for their DAO to become as decentralised as possible, we decided to sell a majority of our MAHA holdings back to the team, to be more vested in their success, while still having a significant exposure left. We will continue to support the project to become one of the leading DeFi projects in this space.” – Simon Dedic, Moonrock Capital
About MahaDAO
MahaDAO is the DeFi project behind algorithmic valuecoin ARTH. The valuecoin gives holders’ financial freedom with zero volatility, as it is value-stable and controlled by its community via a separate governance token, with holders able to vote on savings rates, stability fees, direction, strategy and future developments for the ARTH token.
Binance established a joint venture with a fintech consortium led by MDI Ventures, an investment division of Telkom Indonesia
The consortium has access to more than 170 million consumers in Indonesia
Lately, Binance has started working with local authorities and businesses to develop its exchange offering as a sign of goodwill towards regulators
Binance, the world’s largest digital asset exchange, has partnered with a consortium led by MDI Ventures, an investment division of Indonesia’s largest telecommunications company Telkom Indonesia to launch a new cryptocurrency trading platform in the Southeast Asian country.
Binance’s Indonesian exchange has the potential to reach more than 170 million consumers
A group of financial institutions and software companies will work with Binance to develop a new cryptocurrency exchange offering to service the needs of cryptocurrency users in the fourth most populous country in the world.
Speaking about the newly formed partnership, Changpeng Zhao, the founder of Binance and its CEO, said that the new “initiative in Indonesia is a significant step” towards growing “the blockchain and cryptocurrency ecosystem globally.”
According to the Binance press release, the consortium consisting of some of the largest Indonesian fintech and digital companies has access to over 170 million consumers in the country, roughly 70% of the total population.
Donald Wihardja, CEO of MDI Ventures, deems crypto as one of the pivotal parts of the digital infrastructure of the future:
“Cryptocurrencies, crypto assets, and the underlying technology, blockchain, present an undeniably important part of the financial and other digital infrastructures in the future. MDI, as Telkom’s technology investment arm and technology scout, are very excited to participate in this journey.”
Binance’s decision to work with Indonesian-based companies to build crypto exchange infrastructure is reminiscent of the announcement made earlier this week, when it was reported Binance bought an 18% stake in Singapore-based HG Exchange in order to develop a regulatory compliant digital exchange in the island city-state.
Throughout the year, Binance has been actively working with regulators as a part of its shift towards proactive compliance. The world’s largest exchange made waves when it released a list of 10 fundamental rights for crypto users and called on industry leaders and policymakers to work together to create a more regulated crypto market.
Press Release: The Santa Claus Adventure has come to town offering 1xBit players the chance to find all reindeers to get cash rewards from the generous old man.
16th December 2021, Limassol, Cyprus — Winter is at hand again! It’s that time of the year that brings so much fun and excitement for families. It’s time to visit Santa Claus and walk home with beautiful gifts from the old man.
But our dear Santa is unhappy! His reindeer are nowhere to be found. Rudolph and his friends have run away! He needs to find them quickly to deliver gifts on Christmas Eve.
Santa Claus Adventure
This time around, the international crypto betting platform, 1xBit, promises us a different but exciting experience! Gamers on 1xBit are invited to try the brand-new quest – Santa Claus’s Adventure. Those who are successful at this task will be rewarded handsomely by benevolent Santa.
To join this adventure, users must play slots games from any provider they like to get enough Santa points to go through the stages. The more tournament points users have, the higher stage they take – the more reindeer they meet.
Prizes
The luckiest gamers who find all the reindeer on time qualify for Santa’s biggest rewards.
Prize Distribution Model:
1st place – 250 mBTC (minimum stage required – 25)
2nd place – 125 mBTC (minimum stage required – 25)
3rd place – 75 mBTC (minimum stage required – 21)
4-5th place – 50 mBTC (minimum stage required – 17)
6-10th place – 30 mBTC (minimum stage required – 12)
11-20th place – 20 mBTC (minimum stage required – 8)
21-30th place – 10 mBTC (minimum stage required – 4)
Participants are awarded 1 point for a 0.1 mBTC bet. The slot tournament kicks off on 15.12.21 and ends on 17.01.22.
More On 1xBit
In addition to this amazing tournament, 1xBit users get to enjoy the following
Huge Welcome Bonus: All newcomers are offered up to a 7 BTC welcome bonus on their first four deposits.
Anonymous platform: Enjoy 100% anonymity when you play at 1xBit. No submission of personal details is required!
35+ Cryptocurrencies supported: Over 35 digital coins available to wager with. This guarantees you fast deposits and fast payouts! What more? You can switch between any of the 35+ coins in your multi-currency account
Wide Range of Casino Games: Enjoy immersive gaming sessions with over 5000 slots and 200+ live dealer games.
VIP Cashback: Lost your wager? No problem! 1xBit provides you with the opportunity to get back 11% of your bets on casino games. Sounds interesting, doesn’t it?
Don’t miss the gift of Christmas! Join the adventure and be rewarded by Santa!
Media Contact Details Contact Name: Anastasia Semenova Contact Email: marketing@1x-bit.com
1xBit is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest
FTX US enters a deal with NBA team Golden State Warriors, which will allow the exchange’s growing NFT marketplace to host the professional basketball team’s digital collectibles
FTX has secured several major sports sponsorships throughout the year, including deals with NBA franchises Philadelphia 76ers, Miami Heat, and F1 team Mercedes-AMG Petronas
The Warriors have executed one of the most lucrative NFT drops earlier in the year, selling a single digital collectible for more than $800,000
FTX US, the US-based arm of the international FTX cryptocurrency exchange, has penned a deal with NBA’s Golden State Warriors, which will include the launch of an exclusive non-fungible tokens (NFTs) marketplace in early 2022 and will feature the issuance of unique digital collectibles commemorating the rich history of one of the winningest clubs in basketball’s history.
The Warriors executed the most successful sports NFT sale earlier in the year
According to the newly-penned deal terms, the Warriors will use FTX US as the go-to NFT marketplace for the upcoming digital item drops. Judging by past success, the new NFTs are likely going to be a great commercial success. The six-time NBA championship team has executed an NFT drop earlier in the year, selling the one-of-a-kind 6x World Championship Ring for 285 ETH, worth $871,000 at the time of the sale.
In October, FTX US announced the expansion of its NFT offering and started offering Solana NFTs on its website in an effort to compete with market-leading NFT marketplaces such as Solanart and Digital Eyes.
This is not the first time sports have partnered up with crypto. Previously, Premier League club Watford FC signed a multi-year sponsorship deal with Stake.com, a company that engages in USDT sports betting as well as online gambling in the US and beyond.
FTX US President Brett Harrison talks about the new deal with the Warriors:
“The FTX US NFT Platform will provide a leading, safe and secure venue for the Warriors international fan base to access exclusive collectibles from the franchise.”
FTX exchange and the renowned NBA franchise will gift three Bitcoin to as many non-profit organizations in the Bay Area to help alleviate educational struggles in the region and address educational equity issues in the San Francisco community.
The FTX US sports deal comes a month after the company’s exchange competitor Crypto.com announced a $700 million rebranding deal of the LA’s iconic Staples Center, which will be renamed to Crypto.com Arena once the massive, 20-year renaming deal goes into effect on December 25.
Among the improvements is a breakthrough feature enabling users to gaslessly swap into ETH dozens of tokens that support permits.
As a DeFi leader, the 1inch Network is constantly working on improving its protocols to make sure that users always get the best swap deals in the space.
In June 2021, the 1inch Limit Order Protocol was launched. Since then, over 20,000 users have used the protocol for just under 60,000 trades with a total volume of $2.9 bln, according to Dune Analytics. Now, the time has come to optimize the protocol to make it even more efficient and profitable for traders.
So, the 1inch Network is glad to announce the release of version 2 of the 1inch Limit Order Protocol.
In the new release, code was refactored, optimized and simplified, with different types of orders moved to separate files. This led to the improved user experience, as transactions became cheaper. A few vital features were added.
Gasless limit orders for ETH
This functionality facilitates gasless swaps of tokens into ETH. For instance, a user can create a limit order to swap for ETH any token that they received in an airdrop or bought for fiat, as long as the token supports permits, even if their ETH balance is 0.
This is a unique feature that no other limit order protocol offers. It enables users who don’t have ETH to make trades with tokens that support permits. Currently, 112 tokens on Ethereum, 33 tokens on Binance Smart Chain (BSC) and 15 tokens on Polygon support permits. Among them are such popular coins as USDC, AAVE, UNI, DAI, 1INCH, BAL, etc.
Thanks to the gasless limit order feature, an entry threshold for new users of 1inch protocols became significantly lower. To start using 1inch’s protocols, a user who has at least one token that supports permits, doesn’t need to buy ETH or transfer it from another exchange. They can just go ahead and make swaps.
Support for DAI-like permits
In the first version of the 1inch Limit Order Protocol, there were already many tokens with permit support. In version 2, the list of supported permits was expanded to cover the old permit implementation, such as in the DAI token.
As a result, the protocol now supports more tokens, for which an approved transaction isn’t necessary, as permits can be used.
Optimized RFQ
The RFQ feature was optimized to become even more efficient, offering new opportunities for market makers. Specifically, a market maker can now set a specific taker for a fill with a permit. This improves protection of market makers from possible abuse.
Other improvements
Now a user can immediately see whether their order has been fully executed or cancelled.
Support for ERC721 and ERC1155 tokens was moved to separate smart contracts, which helped to improve the security of the 1inch Limit Order Protocol.
An opportunity to indicate a token receiver, using the fillOrderTo() and fillOrderRFQTo() functions was added.
RFQ fills now return both makingAmount and takingAmount.
Audits
Version 2 of the 1inch Limit Order Protocol has been independently audited by several auditors:
For more on limit order functionality in general and comparisons of the 1inch Limit Order Protocol with competing solutions, check out this post by 1inch co-founder Anton Bukov.
Meta: If you are looking to tap into an emerging digital trend and jump on the cryptocurrency bandwagon, continue reading to find out how to do so successfully.
If you are interested in investing in cryptocurrency or have recently delved into the weird and wonderful world of cryptocurrency, it can take a number of years to find out everything you need to know in order to do so successfully. If you are committed to mastering the art of investing in cryptocurrency, however, there are a number of tricks and tips you should familiarise yourself with ahead of time to protect your hard-earned cash and prevent yourself from falling victim to a number of common threats. If you are currently in this predicament, continue reading to find out everything you need to know beforehand.
Establish a strategy
When it comes to investing in cryptocurrency successfully, you must establish a strategy ahead of time to allow you to distinguish between genuine recommendations and deceitful scams. This is particularly important if you are unfamiliar with investing in cryptocurrency or have yet to encounter problems during your investment journey so far with fraudsters rife within the cryptocurrency world.
In recent years, for example, the number of cryptocurrency investment scams have risen in line with the mainstream adoption of cryptocurrency on a global scale with beginners particularly liable to loss of funds by falling for sophisticated scams designed to encourage investors to hand over their entire cryptocurrency wallets with little to no hesitation or lack of foresight. If you are confronted with an opportunity to grow your cryptocurrency wallet, for example, you must take the necessary precautions and establish a strategy to allow you to determine whether the invitation is paved with good or bad intentions.
Do your research
If you are interested in investing in cryptocurrency solely for the monetary incentives, it may benefit you to do your research beforehand to protect you from making a time-consuming, and costly, the decision you are only likely to regret down the line. In the cryptocurrency world, for example, terminology and jargon are everything and there are several terms you must familiarise yourself with before you proceed and expand your cryptocurrency wallet. It may also benefit you to reach out to a friend or family member with expansive knowledge and experience of cryptocurrency or who has successfully invested in cryptocurrency in the past to answer any niggling questions or queries you may have or simply point you in the right direction. In addition, online websites, forums, chatrooms, and discussion boards can allow you to communicate with like-minded individuals equipped with the knowledge and experience to help you succeed in your cryptocurrency investment journey with an abundance of information on the blockchain, exchanges, wallets, and stochastic RSI, just to name a few, readily available at the touch of a button.
Determine your long-term goals
In order to invest in cryptocurrency successfully, you must be committed to investing on a long-term basis by determining your long-term goals ahead of time. It may be tempting to invest in an attempt to grow your net worth overnight, but this is unlikely to happen if you are an inexperienced cryptocurrency investor with the entire process requiring a great deal of time and effort to master.
It is also worth noting that the value of cryptocurrency can vary from day to day and that in order to learn how to invest in cryptocurrency successfully, you must monitor the market on an ongoing basis and base your decisions on how it is likely to perform in the coming days, weeks, and months. If a particular cryptocurrency is experiencing an all-time high, for example, it may be a great time to sell your coins.
If a particular cryptocurrency is experiencing an all-time low but is expected to rise in the coming days, on the other hand, it may be the perfect time to diversify your investments and purchase a number of coins. It can be tempting to panic and sell your coins when prices are low as an inexperienced cryptocurrency investor, but by keeping an eye on the market across a significant length of time, you can be confident you are making the right decision for yourself as well as your future.
Automate your purchases
If you have little time to spare to monitor the cryptocurrency market on an ongoing basis, it may benefit you to automate your purchases going forward. This is, put simply, the practice of relying on a platform to purchase a fixed amount of your preferred cryptocurrency on a regular basis by establishing a recurring payment plan for a predetermined period of time. In doing so, it can lead to fewer coins when the price is high and more coins when the price is low and, as a result, expose you to more opportunities to buy and sell than if you were to do so manually. It can also lead to lower stress levels and greater consistency in the long run with little to no manual intervention required.
If you are interested in investing in cryptocurrency as a beginner, there are several tips and tricks you must familiarise yourself with in order to do so successfully. This includes establishing a strategy, doing your research, determining your long-term goals, and automating your purchases.
The Blockademia team has attended Linder Media’s “48 hours” annual event, which took place on November 25th at the Park Plaza Histria Hotel in Pula, and had the opportunity to meet entrepreneurs and politicians.
After Blockademia’s project presentation, the meeting successfully led to a close connection with the mayor of Split, Dr. Ivica Puljak, and Dr. Ernest Vlačić, Professor at University of Zagreb who showed interest in the applications and promise of blockchain technology for anti-fraud systems, spearheaded by Blockademia.
Blockademia is a Cardano-based Croatian startup using blockchain technology to uniquely authenticate documents, primarily to fight certificate fraud and eliminate complex and inefficient document verification processes.
Blockademia’s platform has originally been created to facilitate universities and educational institutions at issuing official certificates and degrees but, given Blockademia’s significant utility and reliability, the program has attracted the attention of private and public institutions too and now counts numerous private and business subscribers.
The mayor of Split, Croatia, Dr. Ivica Puljak, has also agreed on how Blockademia’s system adoption would simplify and secure the supply of legal registration documents like property ownership certificates, birth certificates, death certificates, contracts and also public documents like city-owned companies and administrative reports. Conversations about deeper integrations in local systems are ongoing, which could make it the first time that blockchain technology is used in government bureaucracy.
Blockademia’s decentralized platform ensures the transparency of the document issuing process thanks to a constantly updated Proof-of-Truth consensus mechanism, making it ideal to guarantee simple online access to documents for citizens, and eliminate any possibility of falsification.
Users only need to upload the document, while the system will record a unique hash into the blockchain, which is going to be transferred as metadata. Users, or those intended to visualize the document, will then be able to access the certificate with a QR code. Simple, secure and unbreakable.
“Blockademia aims to eliminate any kind of document fraud,” says Goran Težak, President of Blockademia. “Thanks to its decentralized consensus mechanism, blockchain offers the most efficient technology to uniquely identify files. Having the opportunity to discuss a topic such as public documents safety with Croatian mayors and businessmen was incredibly exciting and sets the stage for changing bureaucracy as we know it.”
About Blockademia
Croatian startup Blockademia is a new Proof-of-truth® document verification system powered by the Cardano blockchain. Blockademia enables Publishers to issue documents such as diplomas, certificates, attestations, etc. in a fast and easy way, while end users can prove their authenticity using the immutable, lasting and secure entries on the Cardano blockchain.
New York, USA / NY, 15th December, 2021, Chainwire
Mochi Inu ($MOCHI) is the latest entry into the memecoin ecosystem and differentiates itself by successfully combining both memecoins and decentralized finance (DeFi), two of the most popular crypto subsectors, into a single coherent ecosystem. In addition, Mochi will soon enable community members to earn staking rewards and accumulate Mochi tokens at a discounted rate from a bond marketplace.
Memecoins, which are primarily community-driven, have gained significant momentum during the past two years. DeFi has also emerged as a trailblazing sector in cryptocurrency, with a current total value locked (TVL) of approximately $260 billion (Source: DeFiLlama).
“The protocol is designed to help ordinary people participate in crypto and overcome many of the obstacles they face in traditional markets,” said Azeem Ahmed, founder of Mochi Inu. “Unlike meme stocks, which seem often suppressed, the Mochi DeFi-memecoin ecosystem has free markets where every user has equal access. And unlike other memecoins, Mochi is backed by a DeFi protocol that can include staking, bond markets and stablecoins.”
The Mochi coin is run and governed by code built on decentralized infrastructure that enables truly free markets for users. Unlike most cryptocurrency, where purchases are made at market prices, Mochi bond markets may enable users to hedge against volatility by buying Mochi token bonds at discounted rates, which can be automatically staked to start earning rewards. And unlike many complicated decentralized applications that can be difficult to navigate, Mochi Inu has a simple and easy-to-use interface.
Mochi Inu was developed to bridge the gap between memecoins and DeFi, providing users with a cute “doggy” meme coin plus access to a decentralized finance ecosystem.
Mochi Inu is an autonomously governed, non-custodial, decentralized finance protocol with a “cute doggy” meme coin community. MOCHI can be tracked on CoinCheckup and Coincodex. Additional information is available at mochi.fi.
Circle, the developer of the market’s second-largest stablecoin, has launched its flagship digital asset and widely used USD Coin (USDC) stablecoin as a native asset on Avalanche (AVAX). The company believes native USDC support will increase liquidity and boost the popularity of decentralized applications deployed in the Avalanche ecosystem.
Key takeaways:
The launch of the Avalanche-native USDC comes less than a month after the DeFi smart contract platform users welcomed native support for Tether (USDT).
According to Avalanche’s blog post, the company looks forward to boosting DeFi protocols, NFT marketplaces, and other projects within the ecosystem with “seamless transaction and payment options” provided by integration with USDC.
“With USDC as the leading dollar digital currency for the decentralized economy, this integration will be instrumental for developers and communities looking to participate in one of the fastest, organically growing ecosystems in crypto,” said Jeremy Allaire, CEO and co-founder of Circle.
Circle has updated its list of APIs to facilitate seamless integration with Avalanche and provide DeFi developers with an opportunity to use the suite of Circle’s software solutions to its fullest extent.
Following the news of native support for USDC, the price of AVAX jumped by over 10% and came within striking distance of overtaking Polkadot (DOT) as the tenth-largest crypto by market cap value.
