CoinCheckup

Blog

  • Tr3zor Launches MVP for Decentralized Lost and Found Network and Prepares for Listing Debut with ProBit Global

    Tr3zor Launches MVP for Decentralized Lost and Found Network and Prepares for Listing Debut with ProBit Global

    Global lost and found distributed database Tr3zor will be launching its first trading markets on ProBit Global on January 4, 2022, following the conclusion of its ongoing early round of sales for its TR3 utility tokens.

    As the first blockchain-based lost and found platform, Tr3zor provides a comprehensive database through an expanding array of partnerships with major public facilities to establish a worldwide network for expediting the recovery of lost items.

    A developing API interface will enable participating partners to upload relevant information in a secure and anonymous manner by storing it on the blockchain.

    The ecosystem consists of searchers who can post bounties by locking in a deposit of TR3 tokens as part of a minimum collateral requirement to facilitate recovery efforts. Finders can claim TR3 bounties for recovering a listed item with the platform’s advanced visual recognition software for enhanced accuracy.

    Bounties can also be posted in BTC or ETH but only those set in TR3 will count towards gamification-based benefits rewarding participants according to a multi-tiered structure and earning increased rewards based on their activity and success.

    The recently released MVP provides a taste of the platform’s future rollouts and an automated TR3 swap allows for convenient crypto swapping for holders to participate in the gamification rewards exclusive to token holders.

    A unique feature also enables owners to securely store information for their valuables with the security measure providing immediate notifications to the entire network if the item is stolen or lost as a preventative measure aimed at dissuading potential thieves.

    ABOUT TR3ZOR

    Tr3zor presents a sustainable solution to the problem of finding lost or stolen belongings through the utilization of blockchain technology and the implementation of multiple incentive mechanisms.

    ABOUT PROBIT GLOBAL

    ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum and 700+ altcoins in 1000+ markets.

    PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS

    200,000+ community members
    1,000,000+ monthly active users
    3,000,000 monthly web visitors
    50,000,000 users on partnering aggregators and wallets such as CoinMarketCap
    User interface of Multilingual website supporting 41 different languages
    Marketing and community support in 8 key languages

    Join our active programs and get huge benefits!

    1. Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee
    2. Referral Program: Earn 10-30% of trading fees for referring friends to ProBit
    3. ProBit Exclusive: Subscribe to 50% off Top 200 tokens
    4. Auto Hold Campaigns: Hold tokens and get 6% annualized returns

    ProBit Global: www.probit.com
    ProBit Telegram: https://t.me/ProbitEnglish

  • Tectona Releases AI-Generated NFT Collection In Major Metaverse Move

    Tectona Releases AI-Generated NFT Collection In Major Metaverse Move

    Tel Aviv, Israel, 13th December, 2021, Chainwire

    Israel’s leading public blockchain technolgoy company has launched a platform allowing anyone to generate unique art with a sophisticated AI for minting as NFTs.

    Tectona, listed on the Tel Aviv stock exchange (TASE:TECT) and focused exclusively on blockchain technology and digital assets has revealed new details about its NFT project. An AI system developed by the company that can understand language and generate works of art based on snippets of text alone, allows users to create and mint their own custom art as NFTs, without so much as lifting a brush. Led by Israel’s leading blockchain and fintech entrepreneurs, Tectona is Israel’s first and only public company to mint NFTs.

    The company announced that it will launch its user-generated NFT collection under its brand in the Metaverse, ‘The Bored Company .’ As the race into the Metaverse heats up with global tech giants from the fields of gaming, media and computing rushing to lay claims to the virtual world, Tectona is deploying a unique strategy, virtualizing its product releases via a Web3 native incarnation.

    For its first collection, the Bored Company will be selling user-generated, inter-universal artworks, created out of this world, known as MegaArts. By augmenting their creativity with the help of cutting-edge generative art AI, MegaArts users are able to unleash their imagination on an NFT canvas and produce wondrous works of art for sale, even without an artistic background. In addition to selling MegaArts, the company will also offer holders the ability to change their artworks for an additional fee and will also collect fees on secondary market sales of MegaArts.

    Another unique feature of the Bored Company’s technology is the ability to generate AI-augmented cover photos and other composable assets. While numerous NFT projects have focused on creating art which can be leveraged as a verifiably owned profile picture across social platforms, the Bored Company is able to generate a variety of custom cover photos, further capturing value across an entire swath of untapped real estate on social media.

    Yariv Gilat, well-known fintech entrepreneur and chairman of Tectona, says that the company’s entrance into the NFT space “will allow any person to create art that reflects their unique taste. With the help of our groundbreaking AI, every NFT collector can now become a creator as well.”

    In addition to attracting individual collectors, the Bored Company offers artists and brands a powerful tool to reach new audiences that are native to new technical formats such as AI, generative art, blockchain and cryptocurrencies. By leveraging the company’s superior technical and community-building capabilities, brands and artists can successfully expand in both the real world and the Metaverse, both changing quickly.

    Although the starting date for the sale has yet to be announced, the pre-sale phase (“whitelisting”) has already begun and is attracting the attention of NFT collector s around the globe who have joined the project’s Discord server.

    Contacts

    Growth & PR Manager

    • David Azaraf
    • Tectona Ltd.
    • david.azaraf@tectona.io
  • Mafia Metaverse SYN CITY Announces Partnership with OKEx Blockdream Ventures

    Mafia Metaverse SYN CITY Announces Partnership with OKEx Blockdream Ventures

    Singapore, Singapore, 13th December, 2021,

    OKX Blockdream Ventures—the venture arm of a top cryptocurrency exchange and blockchain ecosystem OKEx — today announced their alliance with play-to-earn blockchain game SYN CITY which will be launching its mafia metaverse in days. Being a partner of OKEx Blockdream Ventures means SYN CITY will receive development access from a top crypto fund under the world’s leading crypto exchange such as operations consulting, a global customer support system and other resources.

    SYN CITY, a free-to-play game founded by Tron’s former Head of Business Roy Liu, is the first-of-its-kind syndicate and mafia-themed blockchain game. The proposed “mafia metaverse” will introduce a unique governance system called Mafia-as-a-DAO (MaaD). MaaD incentivizes every player and allows them to join or create their own syndicates. SYN CITY’s developers are gaming veterans from Disney, Ubisoft, Roblox, EA, and Gameloft.

    OKEx Blockdream Ventures is an investment institution under the worldwide top trading platform OKEx.com. They focus on exploring the best blockchain projects globally, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the worldwide blockchain industry, and focusing on long-term structural value investment. The initial capital of OKEx Blockdream Ventures is 100 million USD. They are committed to helping the ideal entrepreneurs who contribute to the development of the blockchain industry to build great companies and bring global resources and historical experience to blockchain projects.

    “Our exponentially growing community now has clear and vital awareness of the full dimensions of OKEx Blockdream Ventures interconnectedness to the rest of the blockchain ecosystem,” said SYN CITY co-founder Roy Liu. “This is an exciting alliance because a world-leading exchange’s token fund is now providing real-world fungibility to one of the  few evergreen genres among all the entertainment products worldwide.”

    SYN CITY is historic and unique with its approach as a completely free-to-play and play-to-earn game. Thus, SYN CITY has received the backing of several prominent investors and VC firms. Days before SYN CITY’s genesis launch, Twitch co-founder Justin Kan and Robin Chan’s Goat Capital led an $8 million funding round, with additional financial backing from Spartan Group, Hack VC, A&T Capital, Animoca Brands, and 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 take part in daily events, including PvP, PvE, and Syndicate-based contests like cross-chain tournaments.
     

    Contacts
    • Ryan Dennis
    • marketing@syn.city
  • Robinhood is Integrating Chainalysis’ Data and Compliance Solutions Ahead of its Crypto Wallet Rollout

    Robinhood is Integrating Chainalysis’ Data and Compliance Solutions Ahead of its Crypto Wallet Rollout

    Robinhood picks Chainalisys due to its close relationship with regulators and law enforcement

    Earlier today, the blockchain data platform Chainalsysis announced it is partnering with a commission-free online trading platform Robinhood Crypto. Chainalsys will provide its set of analytics tools to help Robinhood meet regulatory compliance standards and provide industry-leading security levels ahead of the trading app’s cryptocurrency wallet launch in early 2022.

    Robinhood has emerged as one of the leading exchanges in the industry due to its commission-free business model and seamless user experience. The company’s first foray into the cryptocurrency arena came in February 2019, when it began offering Bitcoin and Ethereum trading to users from select US jurisdictions.

    Over the years, the demand for a native digital wallet solution increased drastically – the waitlist for the cryptocurrency wallet has grown to over 1.6 million entries. During an interview at a Crypto Goes Mainstream event in November, Christine Brown, Robinhood’s COO, stated that the product was in the alpha stages of development and that the company is making sure things are done precisely and with a security-first mindset.

    The integration with Chainalysis goes hand in hand with Robinhood’s widely publicized ‘Safety First’ policy. According to a Monday’s blog post, Robinhood is looking to leverage Chainalysis certification programs and to adopt two of its flagship software solutions, which will help increase the overall security level of the Robinhood Crypto platform and tick the required compliance boxes.

    Chainalysis KYT is a blockchain service designed to flag risky or otherwise malicious-looking transactions in real-time. The second software solution, dubbed Chainalysis Reactor, provides an in-depth transaction scanning capability, which adds an additional layer of oversight over potentially malicious activity.

    Although the exact launch date of the Robinhood crypto wallet is not yet known, the company is reportedly targeting a rollout in early 2022.

  • Portal partners with Chainlink to bring trusted data onto its Bitcoin-based DEX

    Portal partners with Chainlink to bring trusted data onto its Bitcoin-based DEX

    San Francisco, United States, 13th December, 2021, Chainwire

    Portal, a true cross-chain DEX that makes atomic transactions between Bitcoin and other digital assets fast, secure, and private, has entered a strategic partnership with Chainlink, the world’s premier decentralized oracle network, to get access to trusted and high-quality pricing feeds. 

    Portal will integrate Chainlink Price Feeds into its DEX network. Price data provided by the Chainlink Network is mission-critical because it helps ensure that when users are making a cross-chain transaction, they are getting prices that reflect broad market coverage.

    It is also exploring the possibility of integrating Chainlink’s Keepers functionality into the DEX for order execution, and VRFs (Verifiable Random Function) into its “Fee Market for DeFi services.” Chainlink is in consideration to run a Portal facilitation node to provide ongoing liquidity for atomic transactions between LINK and other assets on Portal DEX. 

    Chainlink’s Keepers enable the secure automation of smart contracts while the Verifiable Random Function (VRF) is a random number generation service that ensures outcomes are provably random and therefore fair. 

    The partnership with Chainlink is a major boost for Portal as Chainlink is the most time-tested oracle network in the blockchain industry. Chainlink’s pricing oracles feed data from the real world onto blockchains, which allows DeFi apps to trigger their smart contracts when the conditions are met. The total value secured (TVS) by Chainlink has skyrocketed from just $7 billion at the end of last year to $75 billion in October 2021.

    Portal executive chairman Dr. Chandra Duggirala said of the partnership, “Portal is excited to announce that Chainlink’s price oracles will reduce friction and enable Portal facilitators and users to discover and transact with peers. We are also evaluating integrating Chainlink’s Keepers functionality to help the Portal client app automate several transaction types such as limit orders and stop limits.” 

    Portal’s Layer 2 and Layer 3 technology simplifies building censorship-resistant communications, media and one-click execution of cross-chain transactions on top of the Bitcoin blockchain. It facilitates the private, off-chain execution of “smart contracts” for asset issuance, swaps, staking, liquidity, derivatives, and more, all peer-to-peer, without third-party custody or control.

    About Portal

    Portal is DeFi built on Bitcoin. It makes trade unstoppable with anonymous, zero-knowledge transactions via the first true cross-chain DEX that’s trust-minimized. It eliminates minting wrapped coins (ie wBTC, wETH) or risky staking with intermediaries. With Portal, DeFi becomes a service that anyone can provide, maintaining anonymity within open, transparent markets with a security model as robust as Bitcoin mining. 

    Portal’s Layer 2 and Layer 3 technology enables building censorship-resistant communications, media and one-click cross-chain swaps, all on Bitcoin. 

    For further information, visit: https://portaldefi.com/

    About Chainlink

    Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Its oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

    For more information, visit: https://chain.link/

    Contacts
    • George Burke
    • press@portaldefi.com
  • Old Days and Old Ways Are Gone: Embracing the New Way to Work

    Old Days and Old Ways Are Gone: Embracing the New Way to Work

    Back in 1990, a New York Times article delved into how, despite the best efforts by computer companies to make offices “paperless,” papers continued to be a vital part of our offices. It was around the time Steve Jobs-led NeXT Inc. was using its work stations to replace papers in its office with electronic files transmitted over the company’s internal network.

    Alexander Gray, an information systems manager at NeXT, told the NYT, “We didn’t want to have miles and miles of clerks doing nothing but managing paper.” Massive amounts of paper in workplaces required manpower for handling and storage. Millions of full-time workers across the globe were tasked with the responsibility of managing paper.

    Fast forward three decades and papers have nearly disappeared from modern offices. So have the jobs of clerks that managed paper. In fact, hundreds of jobs that existed in 1990 have been replaced by computers, algorithms , and robotics. Many organizations don’t even have an office (think Decentralized Autonomous Organizations). 

    The end…and a new beginning

    Many of the jobs and professions that we think will never go away could vanish in a few years. For example, today if you need to get a document verified, you head over to the notary. But would you still go to the notary if there was a faster, cheaper, more convenient and more reliable way to verify documents?

    Blockademia is helping corporations and institutions issue and verify the authenticity of diplomas, certificates, contracts, insurance policies, state documents, certificates of ownership, video & music files, source code, and a variety of other documents on the blockchain. Blockchain entries are public, immutable; and all entries are recorded with their exact time and date. That makes it impossible for anyone to tamper with an on-chain document without consensus and without leaving a trail.

    Drivers affiliated with ride-hailing services are also at risk. Chinese giant Didi Chuxing is developing self-driving cars. Lyft has teamed up with Ford and Argo AI to start offering rides in autonomous vehicles, eliminating the need for human drivers. Hundreds of thousands of drivers may soon have to acquire new skills and change their occupations. 

    New technologies bring efficiency, safety, convenience, and productivity. So, anything that could be disrupted, will be disrupted by technology. It’s just a matter of time.

    A net job creator

    Amazon uses hundreds of thousands of robots in its warehouses alongside human workers. And the e-commerce giant is optimistic that sidewalk robots are the future of last-mile delivery. It illustrates the fact that the skilled, tech-savvy people are creating tools to automate the jobs of unskilled, not-so-tech-savvy workers. 

    It doesn’t mean technological innovations are going to leave all the world’s working population jobless. At least once every generation, technology drives a major shift in the way we work. Though it looks scary in the short-term, especially to people at risk of losing their jobs, technology tends to open doors to more opportunities.

    The emergence of the automobile industry created jobs in supplementary industries such as filling stations, repair shops, and so on. Amazon’s warehouse and delivery robots may kill some low-paying jobs. But Amazon has pledged $700 million to re-train 100,000 employees for higher-skilled jobs in technology.

    According to McKinsey, up to 40% of all workers in developed nations might have to upgrade their skills significantly or move to new occupations. The onus falls on both organizations and employees to acquire new capabilities to thrive in the years to come.

    Despite the perception that technology kills jobs, it has been a net creator of jobs. Since 1980, the rise of personal computing and the Internet has destroyed about 3.5 million jobs in the United States, but it has helped create more than 19 million new jobs!

    Securing the space

    One might argue that with emerging technologies such as blockchain and quantum computing would come new security threats. Gartner said in 2019, “By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence.” Even if Gartner gets the timeline wrong, the issue it’s talking about is a serious one.

    There have been concerns about quantum computers being able to break even the most asymmetric cryptography used in Bitcoin, Ethereum, and other blockchains. QANplatform has built a quantum-resistant blockchain to prevent quantum computers from compromising the security of networks. It’s a hybrid blockchain with lattice-based cryptography to secure the network from quantum attacks in the future.

    Closing thoughts

    The technology-driven tectonic shift in the way we work and do business is currently underway. Many old jobs will disappear, many more new ones will emerge. More often than not, it’s the people and organizations that accept the reality of new technologies early on tend to have an edge over those that resist.

  • Top Avalanche Projects to Watch Out For in 2022

    Top Avalanche Projects to Watch Out For in 2022

    2021 has been an exceptional year for the Avalanche blockchain and its many projects. The Avalanche ecosystem has seen an influx of projects that have changed the cryptocurrency, decentralized finance (DeFi), and blockchain space forever. 

    2022 will be the year web3 technologies explode and shine. Projects will continue to bloom as the space receives critical acclaim. It is a proof of concept that the technologies that drive the web3 industry will continue to grow. 

    Avalanche will hold its own and grow faster than other ecosystems. Here are a few projects that have this growth potential. 

    Snowball Auto-Compounds Profits 

    Running off the Avalanche C-chain, the Snowball DeFi project is a high-frequency auto-compounder using the $SNOB token on the Avalanche blockchain. Snowball allows for the automatic re-staking of digital assets so that investors can gain the highest Annual Percentage Yield (APY) possible. 

    Snowball community members can also buy or claim Non-Fungible Tokens (NFTs) are an increased value proposition in the ecosystem. 

    The $SNOB token ensures governance within the Snowball ecosystem. 

    Community members earn them via farming. That creates multiple income opportunities. Who wouldn’t want to be a part of the Snowball ecosystem?

    The Yield Yak Community Auto-Compounder Enables Profits 

    Yield Yak is another community-driven auto-compounder. As an aggregator, Yield Yak enables the optimization of yield farming programs. It collects data from decentralized exchanges (dexes) on the Avalanche blockchain. It empowers users to make the best investment decisions available. 

    The great thing about Yield Yak is that the DeFi platform is community-oriented. It ensures platform longevity and keeps everything decentralized.

    Yield Yak is a time-based compounding platform. It enables community members to generate gains faster than its competitors. Yield Yak functions using a dual-factor premise. Using recent performance and Annual Percentage Yield (APY), Yield Yak’s APYs are often the most competitive within the DeFi space. 

    The $YAK native token’s usage within the ecosystem falls into three categories. The first is the governance of the Yield Yak Community. Domestic ecosystem revenue also accrues users from staking activities. 

    Other incentive models will follow as network activities increase. That is as opposed to minting new ones. 

    The Pangolin Dex Provides System Liquidity Via Token Exchange

    Pangolin is one of the premier decentralized exchanges (Dexes) within the Avalanche ecosystem. Pangolin provides an avenue for token transfer between the Ethereum and Avalanche Blockchains. 

    The community drives its PNG token. There are no special allocations to team members of the Pangolin Dex. 

    Most of the DeFi projects on Avalanche use Pangolin to exchange their tokens between blockchains. This community-driven model is the perfect approach to how DAOs should run.

    Community-based interactions represent the best method of corporate governance for decentralized organizations. The Pangolin dex is also one of the most secure exchange platforms within the DeFi space. 

    The threat of hacking is virtually nonexistent because of the best practices that have become the standard within the Avalanche community.

    BenQi Redefines DeFi Lending

    BenQi is a liquidity market protocol that changes how we lend and borrow digital assets. There is so much ongoing innovation within the BenQi ecosystem that it is no longer just a liquidity market protocol. 

    One thing that works within the BenQi DeFi system is that minimal seamless entry and exit options are the norms. Lenders can keep their assets within the ecosystem and earn funds, while borrowers can borrow at minimal interest rates. 

    BenQi has become one of the most popular lending and liquidity protocols within the Avalanche ecosystem. So much so that the ecosystem achieved a total value locked of $1 billion total value locked in less than a week. 

    Unlike Aave, the Ethereum-based lending protocol took a little over eight months to achieve the same feat. 

    BenQi’s recent collaboration with Imperium Empires, the first gaming protocol on the Avalanche network, has created quite the buzz. One thing is clear from the BenQi project. DeFi protocols are here to change the way we do things. 

    Colony is the Avalanche System Accelerator and Incubator

    Colony’s ability to raise funds, accelerate and incubate ventures has attracted interest from across so many members of the cryptocurrency community.

    Its unique model also allows venture capital investment opportunities for its community members. 

    It is also the first project that allows for several ecosystem growth tools. As it is community-based, Colony is a next-generation tool for the growth and expansion of Avalanche-based projects. 

    Colony’s recent $18.5 Million financing round is more than enough proof that the accelerator will change how we integrate projects into the Avalanche blockchain. With the right due diligence process, where the community members are both judge and jury, Colony has redefined how communities make investment decisions.

  • Top 3 Coins to Watch – Week 50

    Top 3 Coins to Watch – Week 50

    As we move through the final month of the year, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.      

    3.  Near Protocol (NEAR)

    NEAR is a secure decentralized storage and compute platform that allows users to manage high-value assets like money or identity. It is a public, sharded, developer-friendly, proof-of-stake blockchain which utilizes a Delegated Proof of Stake (DPOS) mechanism.  

    Buy/Sell NEAR

    Why Near Protocol? Continued Strong Performance Expected   

    Near was one of the week’s best performers and grew by over 35% despite the majority of coins experiencing a pullback. Some of this may have been due to speculation surrounding a possible announcement of MoonPay allowing its users to purchase NEAR globally. In addition, Near is a highly performance blockchain that is compared with projects such as Solana and Elrond which have also been solid performers over 2021. As the year comes to an end, traders may look to increase their NEAR holdings and help the coin get close to its all time high price of $13

    2. GALA (GALA) 

    GALA is designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players, alike. Founded by gaming industry heavyweights, Gala Games is working to make history in decentralized gaming.

    Buy/Sell GALA

    Why GALA? Legacy Land Sale This Week          

    Gala was another of the week’s top performers and looks set to continue to attract attention. The platform merges the best of gaming and NFTs and also allows GALA holders to run nodes. This allows anyone to receive rewards in tokens including GALA, and limited edition NFTs and the Gala Games ecosystem continues to grow. Legacy is a business and entrepreneurial game on the Gala platform and allows anyone to design products, build virtual businesses, and earn and trade the native Legacy coin. The Legacy land sale takes place this week and opens up on December 12, and owning a Land NFT allows gamers to start their own in-game blockchain business association in Legacy. The possibilities are endless and you can find out more about Legacy here. 

    1. Ethereum (ETH) 

    Ethereum (ETH) is an open-source distributed blockchain that has smart contract functionality, and operates as a decentralized virtual machine which can execute scripts and be used to transfer ether between different nodes. Ethereum retains the status as the principal smart contract provider and platform for hosting ICOs with a number of leading projects operating ERC-20 tokens on the Ethereum network. 

    Buy/Sell ETH

    Why Ethereum? All Eyes on Ethereum This Week     

    All eyes were on Bitcoin last week as the market was concerned with whether or not BTC could hold the crucial $50,000 price mark. Well, attention turns to Ethereum this week as the market’s number two coin hovers around the $4,000 mark. ETH proved relatively stable over the week, and experienced only a mild decline of around 3%, although it was trading at over $4,500 in early December. With ETH 2.0 still on the horizon and the London upgrade completed back in the summer, a significant number of market analysts are bullish on the future of Ethereum and the coming week will give us a good idea of how ETH will perform as the year comes to an end. 

    How did the coins perform last week?  

    The seven day period generally led to mixed results across the market; and ALGO fell by11% and is currently trading at around $1.54. LUNA fell by 16% and is currently trading at $60, and BTC grew by 1% over the week, and is currently trading at $49,735. Over the course of the week, the market moved from an overall valuation of $2.30T to $2.33T, a rise of 1.30%.

  • ULAND Is Gaining Considerable Attention, Here’s Why

    ULAND Is Gaining Considerable Attention, Here’s Why

    ULAND Is Gaining Considerable Attention, Here’s Why

    ULAND may be understood as a digital ‘Earth’ created on the Binance Smart Chain (BSC) through the innovative usage of blockchain technology. It is the inaugural land-based non-fungible token (NFT) platform of its kind, replicating all of Earth’s existing geographic locations, complete with its $ULAND token currency which helps support the ULAND economy. 

    One of the most intuitive aspects of this project is that users shall be able to access any destination. In ULAND, users can purchase digital areas that are exceedingly similar to that of the real thing, such as Australia, France, New York City, and more. Furthermore, each location asset has been mapped to its real-world counterpart, which means that there shall only ever be one China or Australia ever minted.

    Users are eligible to receive benefits via ULAND NFTs

    ULAND is unique in the sense that all of the digital NFTs are in fact mapped to actual real-world areas, making them relatable on a personal level. People often experience an innate emotional attachment to the country, states, cities, and different places from where they originate or would have visited in the past. With that being said, many people would hence love the opportunity to visit these places once more. There is also a minimal entrance barrier because users do not need to master intricate mechanics or live in a fake world with fictional history. Furthermore, users can also profit from ULAND NFTs by obtaining incentives from Token buy-ins, thereby providing even more reason to take part.

    Additionally, the in-game meta currency of ULAND is $ULAND tokens, the value of which is determined by liquidity. To give users a secure, reliable, and safe investment, a portion of each transaction in and out of ULAND shall be locked up as liquidity.

    Simply put, the project’s goal is to thus develop an authentic virtual replica of Earth that effectively duplicates all geographical areas as well as landmarks. ULAND shall hence offer famous destinations such as the Empire State Building, the Eiffel Tower, the Grand Canyon, the Great Wall of China, Victoria Falls, the Northern Lights, and many more in the future.

    Past accomplishments and link with the metaverse

    ULAND aspires to build a metaverse that has something for everybody. Investors would be rewarded immediately and will experience a rapid return on their investment. Gamers will have a pleasant experience visiting the digital world and PTE. Moreover, people can benefit from a wide array of corporate services as well as utilities too.

    The project has significant long-term plans as well because ULAND isn’t about trying to change the world as it instead mainly desires to take the best of what this world offers and improve upon it. It is therefore working to provide its users with the ability to learn about other cultures, lifestyles, languages, and customs while also having fun, making friends, and earning an income. This is the true purpose of ULAND.

    In terms of previous accomplishments, the presale was incredibly successful, with 100% of Tier 1 Land Asset NFTs (Countries) sold out except Ethiopia. The initiative has also already handed out $280,000 USD in rewards to early adopters.

    Russia had the greatest record resale, having been minted for 10 BNB and subsequently resold for 25 BNB. In addition, New Caledonia has the record for the largest percentage resale with 1,900%, increasing from 0.086 BNB to 3.61 BNB.

    The launch

    Whilst pre-sale has now concluded, ULAND will officially launch on December 15th at 06:00 UTC. Tier 2 Land Asset NFTs (States/Regions/Provinces) will be released as part of the launch, along with a new category of passive income: Distribution Rewards. Tier 1 Landowners will now have the ability to unlock Tier 2 Land Assets within their respective Countries and receive a percentage of the mints. This is the commencement of the DAO (Decentralised Autonomous Organisation) model with the introduction of governance features such as setting custom mint prices and taxes. 

    Furthermore, $ULAND Tokens shall be utilized for Tier 2 unlocking as well as minting, with BNB formerly being used for minting purposes. This will result in more people purchasing the token. Along with this version, the ‘World Marketplace’ shall also be improved with additional interactive elements and an enhanced UI experience as well as easier usage. Metadata authority also allows users to rename their nation and give themselves fancy titles like King’, ‘Queen’, ‘Prince’, ‘Dictator’, and more. Finally, users’ asset portfolios shall be effectively managed as well. There is also an official launch giveaway happening right now.