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Auditchain Announces its IDO on Trustpad
Mark your calendars! Auditchain will launch its IDO on Trustpad on December 14^th at 12:00 UTC.

ZUG, SWITZERLAND – December 3, 2021 — Auditchain Labs AG, https://auditchain.finance) the developer of the world’s first decentralized accounting, financial reporting, audit, and analysis metaverse for assurance and disclosure announced that it will be launching its IDO on Trustpad on December 14, 2021, at 12:00 UTC

The IDO will follow the completion of the final phase of the presale for the AUDT Token on Polygon, which is available for select non-US participants.

Details of Presale
- Hard Cap: 5,000,000 AUDT
- Price: $0.15
- Distribution: 25%
- Vesting: Equally per day for 365 days
- Vesting Bonus: 13.33% of unclaimed vested AUDT on day 366
APPLY NOW!

Details of IDO
- Date: December 14, 12:00 UTC
- Launchpad: Trustpad.io
- Hard Cap: 1,000,000
- Price: $.20
- Distribution: 10%
- Vesting: Equally per day for 365 days
- Listing: Immediately following IDO
Infrastructure

The Auditchain Protocol features the Pacioli Node, a process control reasoning engine for computing financial state validation and validating accounting, reporting, audit, and analysis Process Control NFTs created by professionals.

Pacioli leverages open global standards and is used in an open decentralized environment to analyze the financial state of any publicly traded entity that files financial statements in any jurisdiction that requires the use of eXtensible Business Reporting Language, (“XBRL”).

The Pacioli client also leverages the Auditchain Protocol core EVC contracts for financial state validation for any economic entity prior to filling with any jurisdiction that mandates the use of the eXtensible Business Reporting Language, (“XBRL”).

State articulation and validation are backward compatible allowing all economic entities who submit to EVC financial state validation to be one click away from filing with regulators that adopt technical standards based on XBRL.

Lead Architect, Jason Meyers stated: “Blockchain has enabled audit committees and internal audit to think about the modern enterprise as a state machine that undergoes complex changes in state. Everything is material”. Meyers also added: “Financial disclosure quality levels are central to the laws that govern the free transferability of securities and holds the key to compliance for issuers of digital assets”.

AUDT Utility

Staking – Pacioli Node operators must stake or be delegated a stake of a minimum of 10,000 AUDT. Anyone can run a node or delegate their AUDT to other node operators to earn passive income.

Settlement – The AUDT token is used on the Auditchain Protocol for settlement of obligations that include:
- Financial state articulation for US GAAP and IFRS reporting entities
- Financial state validation for US GAAP and IFRS reporting entities
- Validation of accounting, financial reporting, audit and analysis Process Control NFTs
- Royalty allocation to creators and validators of Process Control NFTs
Governance – On-chain governance provides for proposals and automatic invocation of changes to the protocol which include:
- Decentralized annual AUDT emission and monetary policy governance
- Enterprise External Validation Cohort Factory contract upgrades
- Changes in data subscription revenue allocation between enterprises and validators
- Process Control NFT library admission
A minimum of 1% of the circulating supply must be delegated to propose a change. AUDT holders can delegate to themselves or to other delegates.

About Auditchain Labs AG

Auditchain Labs AG (https://auditchain.finance ) is leading the development of the world’s first decentralized accounting, audit, financial reporting, and analysis virtual machine that automates and provides proof of assurance on the world’s business and financial information. Auditchain Labs AG is a founding member of the DCARPE Alliance Association and is leading the development of the Auditchain Protocol with other members of the Alliance.

About DCARPE Alliance Association

The DCARPE Alliance Association is a global organisation consisting of members of the accounting, audit, financial reporting, legal, blockchain, investment, and regulatory community. The purpose of the Alliance is to adopt standards, provide education, drive technology innovation and promote the adoption of continuous audit and real-time digital financial reporting using the Auditchain Protocol.

About TrustPad

TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with tokenova, Lupa X, GD10 Ventures, BlockSync Ventures, X21 Digital, Meridian Capital, Wealth Union, Twin Apex Capital and 4SV. TrustPad is different to other launchpads. A ‘quality over quantity’ approach ensures that projects launched through TrustPad have real long term value. This will provide the TrustPad community with sustainable development, attracting a larger community for both $TPAD and the projects launched on the platform.
December 11, 2021
Cirus Browser Extension Announced in New Project Roadmap Update

The release of the Cirus Browser Extension will allow users to start controlling and earning from their data from day one

A number of concurrent development efforts and initiatives are underway at Cirus. These include pre-deployment testing of Genesis, completion of hardware integration testing, development of the Cirus Core, and testing D-VoiS, the first ISP partner of the Cirus Foundation. Dedicated resources continue to work on other aspects of the Cirus Ecosystem as the team pushes forward toward the formal rollout of Genesis, the Cirus Wallet, Cirus Device Integration, and the release of the Cirus mobile app.

After the Cirus launch in August – which was followed by over 100k waitlist signups to join the Cirus platform – the foundation has announced that all of the components required for the release of a functional version of the Cirus Browser Extension are in place. As a result, the team is updating their roadmap to reflect the release of this important and highly anticipated component of the Cirus Ecosystem first.

Impact

According to the team, the Cirus Browser Extension will bring data control and basic monetization to Cirus users right out of the gate, bringing the core Cirus experience to users from day one, much earlier than anticipated in the team’s original roadmap. The foundation believes that this is the fastest route to adoption, and since the team was in a position to give users the core Cirus experience now rather than later, this critical decision was taken.

As the Cirus development and testing teams continue with the buildout of other functions and features of the platform and the Cirus backend infrastructure, the core experience of users will not change. Cirus users will own their data from day one, and new features will be added incrementally. As more powerful back-end processing and monetization components are completed and deployed on the network, the team will share updates on the platform’s anchor releases (Alpha and Everest) as well as other user-focused tools and features that are sure to add to the overall customer experience.

Additional Updates

In terms of upcoming developments, first, the Cirus team will release the Cirus Browser Extension, after which Genesis will go live. This will be followed by Cirus Wallet Integration, Cirus Device Integration, and the release of the Cirus mobile app.

In terms of timelines, the Genesis phase of the Cirus Platform – complete with all planned features and functionalities – is almost ready and will follow within a few weeks of the Cirus Browser Extension. It will be accessible directly or through the Browser Extension.

Work on the Cirus Wallet is still in progress and has a planned release in Q1, 2022. Once deployed, every verified user will receive their own wallet and will be able to claim, swap, and send their earned tokens.

Following the announcement on Tuesday, the team got together and held a live video AMA, where the co-founders discussed and reviewed the Cirus Browser Extension, gave a detailed walkthrough of the feature roadmap, and answered community questions about the upcoming products.

The Cirus roadmap has evolved to where the team can launch a fully functional product first, complete with all of the core elements of the Cirus experience present right from day one. The team is updating the roadmap to reflect this development and will continue to add and upgrade features incrementally through to the end of the current roadmap.

Once the Cirus Browser Extension goes live, look out for quickfire updates on other ecosystem components, starting with the formal rollout of Genesis, the completion of the Cirus Wallet, and integration of the Cirus Platform with the D-VoiS.

December 10, 2021
Exclusive: Sneak Peek of the DOEX Trading Terminal
Here at Do.Exchange (DOEX), we are immensely proud to unveil a short preview of our AMM-based DEX trading terminal. As the race to become the favorite Cardano DEX heats up, we thought we’d spice things up by throwing our hat into the ring. This preview (exclusive to early project backers) is our first attempt to showcase that we have been very busy delivering on our promises and creating solutions that benefit all stakeholders within the Cardano ecosystem.

Due to popular demand, we have adopted a professional look for our user interface, featuring a variety of useful tools for crypto traders and enthusiasts presented in our favorite teal and black color palette. Our dashboard features a number of unique panels which present useful information, enable various platform-specific functionalities, or display query-specific analytics.

Our charts on the left-hand side help to visually illustrate the current market situation at a glance, as well as the performance of your crypto portfolio, reflected through accurate, up-to-date market prices.

Meanwhile, the dashboard panel on the right-hand side enables all crypto traders and enthusiasts to make swift transactions, exploiting gaps in the market in real-time. Naturally, Nami wallet integration is part of the design and provides all market participants with a smooth and hassle-free transaction experience.

As this is only a sneak peek, our preview ends here. That being said, this is only the beginning – future previews will also include explorations of Staking and Analytics UX/UI, as well as a few other functionalities we’ve been keeping hush about. Stay tuned for more updates!

Public sale on ExMarkets Launchpad

The DOEX public sale on ExMarkets Launchpad will kick off on December 13, 12:00 pm (GMT+2) and run until December 27, 12:00 pm (GMT+2). Based on early investor interest, the hard cap is expected to be reached much sooner. Be sure to participate early so as to not miss out!

Token sale fundamentals:
- Ticker: DOEX
- Price: $0.15 USD
- KYC: No
- IEO Start date: 2021-12-13 12:00 (GMT+2)
- IEO End date: 2021-12-27 12:00 (GMT+2)
- Total token supply: 140,000,000
- Available for sale: 16,800,000
- Hard cap: $2,520,000 USD
- Payment options: USDT ERC20, ADA, ETH, BTC, USDC
Mark the date! Also, remember to open your account on ExMarkets before the IEO goes live. For more information about the product, visit Do.Exchange. Any questions? Feel free to message us on ExMarkets Telegram Group!

Website | Twitter | Telegram | Medium| Facebook

About the Author:

DOEX is an AMM-based DEX for Cardano-native assets, facilitating non-custodial, efficient and completely trustless financial transactions between market participants. DOEX has ambitious long-term expansion plans and is on a mission to ensure interoperability across chains by enabling seamless swap of tokens between the Cardano blockchain and Ethereum via a fool-proof bridge or converter. DOEX is a uniquely community-driven protocol, solving many of the issues plaguing other DEXes within the ecosystem while ensuring ample liquidity within the Cardano ecosystem and maximizing value for its users.

Twitter | Telegram | Discord| Website

For a limited time, Do.Exchange welcomes inquiries from institutional investors who wish to take part in the initial private deals. For a chance to participate in the private deals, please contact sales@do.exchange.
December 10, 2021
Cross-chain Trading Platform Hypersonic Finance Commences IEO on ProBit Global

Cross-chain trading solution Hypersonic Finance has launched IEO on ProBit Global to generate momentum for the upcoming rollout of SaleX Launchpad currently in beta.

The SaleX Launchpad provides key metrics ranging from listing fees and liquidity rates to streamlining fundraising efforts. A built-in minting feature will also accommodate the creation of various token types alongside a customized airdrop interface for convenient distribution.

Hypersonic will allocate 1% of every network transaction to the BNB-HYPERSONIC liquidity pool to provide stable and automated liquidity. Additionally, 1% of transactions will be burned and removed from the supply to maintain a long-term deflationary pressure.

The HypeBridge enables quick and efficient swaps between Ethereum and the Binance Smart Chain along with a V1-V2 Token migrator for holders of older tokens to quickly swap to the updated V2 tokens.

Cross-chain trading will be available on the upcoming SwapX Exchange with support for Ethereum, BSC, Polygon. HYPERSONIC tokens will grant holders participation in governance measures along with upcoming staking rewards to back its key utility as a payment solution across the network.

ABOUT HYPERSONIC FINANCE

Hypersonic Finance is a digital payment solution for an ecosystem of products offering DeFi adoption and token creation services.

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

December 10, 2021
ESG-Compliant Eco DeFi Ramps up Aggressive Forays into Renewable Energy Sector and Launches on ProBit Global

Following an official partnership with ProBit Global, Eco Defi has opened trading for its governance token ECOP following an official announcement after the conclusion of their recent AMA.

Binance Smart Chain-deployed Eco Defi is the first lending platform to launch in Korea and has already received backing from several renowned fintech companies based in the country. The team has established a trio of cornerstone services to accelerate adoption in their local home grounds through the Eco DeFi platform, Eco Market, and ECO NFT Market.

The current Eco DeFi platform beta is gearing up for a full launch later this month and enables users to supply and lend across nine tokens following the recent addition of XRP alongside USDT, BUSD, DAI, USDC, BTC, ETH, WBNB, and SOL.

With ESG compliance a key objective behind the team’s vesting procedures, Eco DeFi will deploy capital for renewable energy projects with a proven track record. The platform provides a sorely needed moat for projects and prospective investors by reducing capital barriers to spur wider involvement and opportunities.

The ECO NFT Market effectively facilitates revenue sharing by tokenizing renewable energy as NFT tokens to provide a transparent line for increased participation and monetization opportunities in the renewable energy market.

The team will feature flexible staking options for LP and ECOP tokens while the NFT Market provides staking yield features for NFT holders.

Along with the launch of the Eco DeFi governance token ECOP, Eco Defi has established a pair of renewable energy products consisting of a gasoline vapor recovery and liquefaction system as well as an eco-friendly biomass boiler that incorporates natural pellet energy for cleaner, more efficient output and carbon neutrality.

ABOUT ECO DEFI

Eco DeFi platform is the first Korean lending platform being developed with the Binance Smart Chain. It is divided into general Defi Lending Market, Eco Market where you can invest in new and renewable energy, and Eco NFT Market. Also on November 16, Dcoin and Eco DeFi signed a strategic marketing agreement.

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

December 10, 2021
ProBit Global Teams with First Indonesian IEO Effort to Pioneer the Art of Tokenization and Widespread Adoption to Empower Locals

ProBit Global has launched its first Indonesia-based IEO for Sangkara and its agricultural asset-backed MISA tokens.

As the first Indonesian token backed by underlying physical assets comprising 11.5 hectares of agricultural holdings in Central Java, Sangkara aims to democratize participation in the digital asset sector through IRL asset-backed tokens and commercial tokenization services to empower local communities and businesses.

Sangkara set out to democratize blockchain adoption throughout the country and accelerate its local startup sector through a dedicated exchange with a full range of fundraising services to expedite the growth of local projects.

The team has embraced NFT to showcase the artistic and creative work of Indonesian artists alongside joint efforts with streaming concert service Bantaya and a dedicated artist NFT platform.

Bantaya recently held a concert in honor of Steven & Coconut Treez vocalist Steven Kaligis with the virtual streaming attended by many local musicians to streamline artist exposure through the increasing use cases of NFT as a digital deed of ownership.

Founder Agustino Wibisono participated in a recent AMA with ProBit Global to discuss future partnerships down the pipeline and tokenomics.

ABOUT SANGKARA

Sangkara wants to create a trusted crypto exchange which can offer a stable crypto market and allow anyone to own digital assets safely. Our missions are making crypto transactions easier and safer by creating an Indonesian crypto market using native Indonesian stable tokens and helping the process of issuing tokens for various businesses including NFT for Indonesian artists and bringing stable token native to Indonesia to the international world.

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

December 10, 2021
BlockchainSpace Brings Its Guild Infrastructure And Network Of Over 650,000 Players To The Sandbox
Singapore, Singapore, 10th December, 2021,

BlockchainSpace is excited to announce a crucial partnership with The Sandbox. As part of the collaborative effort, BlockhainSpace will connect its 2,600 guilds and 680,000 players to the virtual world created by the Sandbox. It will serve as a viable example of how the ability to scale communities for NFT games will become increasingly important.

BlockchainSpace positions itself as the guild hub of the metaverse. Virtual worlds will connect millions of people worldwide and allow them to socialize, play, and have entertaining experiences together. In addition, players can form groups or guilds, which requires highly scalable technology to provide an optimal experience.

BlockchainSpace is the provider of that necessary infrastructure and scalable technology. Through its partnership with The Sandbox, the team will bring its 2,600 guilds and 680,000 players to this growing virtual world. Moreover, the proven dedication to community building and content creation will become a staple in one of the most significant metaverse projects on the market today.

Through its Academies solution, native NFT games can build platforms to promote user growth and achieve much broader traction. More importantly, these platforms will benefit from BlockchainSpace’s guild infrastructure to track interaction and connect players through a high-performance network spanning the globe.

The collaboration between The Sandbox and BlockchainSpace is not unexpected. Earlier this year, both teams have engaged to build the Philippine community, introduced voxel NFT art contests, and created the first land experience in the Sandbox dedicated to the Philippines.

That experience is rich in detail and includes:
- Riding in kalesas and jeeps.
- Exploring vast regions of fauna and flora.
- Wearing historical garments.
All voxel assets will become accessible through the upcoming PINASining: Discover the Philippines NFT collection on The Sandbox.

The renewed partnership will focus on bringing more guilds and players into the Sandbox. Moreover, it is a valuable showcase for BlockhainSpace’s guild infrastructure and network and how it can scale to projects on The Sandbox level. Scaling communities for NFT games is a crucial aspect of building and expanding the appeal of the metaverse.

About BlockchainSpace

BlockchainSpace enables play-to-earn guilds to scale in the metaverse. We build tools to empower gaming communities and run academies to identify economic opportunities in games. Our aim is to embolden the next generation of play-to-earn gamers and guild owners to become successful entrepreneurs by equipping them with essential digital tools and financing to scale.

Follow BlockchainSpace on social media to stay up to date with all the latest developments.

Website | Twitter | Medium | Gitbook | One-Pager | Discord | Telegram | Facebook

About The Sandbox

The Sandbox is a decentralised, community-driven gaming ecosystem where creators can share and monetise voxel assets and gaming experiences on the Ethereum blockchain.

Using The Sandbox’s free software, such as VoxEdit and the Game Maker, players, artists and game designers can create ASSETs and experiences, such as games, dioramas and art galleries, for themselves and to share with others. These can be monetised to earn the creator passive income.

Contacts
- Peter Ing
- Peter@blockchainspace.asia
December 10, 2021
SolidProof Introduces KYC and Audit Services for DeFi projects
Handewitt, Germany, 10th December, 2021, Chainwire

SolidProof, a German-based blockchain auditing company, has finalized the development of its auto audit tool and plans to launch the solution soon. Dubbed the SolidProof Automated Auto Tool (SAAT), the product is designed to streamline and speed up the entire smart contract auditing process.

Retail and institutional adoption of decentralized finance (DeFi) is growing at a stunning rate. However, rampant hacks, scams, and other security breaches targeting DeFi protocols threaten to derail the success of the budding sector. SAAT aims to help blockchain projects enhance the safety and quality of their code by combating developer incompetence.

The platform’s services will ultimately reduce significant vulnerabilities inherent in cryptographic tokens and blockchain tech. Furthermore, the auto tool will be the focal point of all audit-related services offered by SolidProof, helping the firm produce a reliable and convenient automated analysis of DeFi codes.

How the Automated Audit Solution Works

SAAT utilizes pre-installed parameters to sniff out bugs, errors, and inefficiencies embedded in any DeFi project’s smart contract. By automating the entire code review process, the experienced SolidProof team can deliver timely, accurate, and transparent audit reports devoid of human error.

The automation of audits also enables SolidProof to analyze highly complex smart contracts that would be almost impossible to review manually, boosting the security of Defi projects.

Upon completing the autonomous review process, SolidProof auditors present the dev team with an audit report that classifies the existing vulnerabilities according to their severity (Critical, Medium, and Low).

The auditors then offer recommendations to remedy all loose ends or system inefficiencies. They then work hand in hand with the project backers to fix the identified bugs before producing a final audit report and certificate that proves the project is safe for mainstream use.

The imminent SolidProof auto tool promises to be a pivotal service for blockchain projects looking to uncover hard-to-find vulnerabilities and bring certainty to their smart contract. The product will be instrumental in promoting the safety of DeFi projects and establishing trust among their clients.

The SolidProof team recently integrated a placeholder for the auto tool. The placeholder enables Launchpads such as Unicrypt to embed the easy-to-use SAAT on their website, making it instantly accessible to clients. The move makes it easier for DeFi projects hosting their presale on the platform to fulfill their audit obligations with a few clicks before listing their token.

SolidProof Brings Trust Made in Germany

SolidProof strives to become a leading provider of DeFi auditing solutions by combining world-class auto-tests with manual code reviews from a team of passionate blockchain security experts.

The German-based security firm allows DeFi investors to feel secure by empowering emerging ventures to identify and close any loopholes that can be exploited by hackers. SolidProof’s customized solution also offers KYC scanning services that look into customers’ transactional data to identify any fraud, money laundering, or terrorist financing risks.

To foster additional transparency in DeFi, the blockchain security firm posts all the latest audit results on their website and social media channels. Projects operating within the DeFi space can send a non-binding request to the audit team and get a personalized and reasonable quote.

Developers can discover how they can leverage the audit firm’s security solutions to boost investors’ confidence on the SolidProof website. To connect with the SolidProof community and learn more on how the firm revamps the security of DeFi smart contracts, check out the social media handles below:

| Telegram | Twitter | Facebook |

Contacts

CEO
- Mails Nielsen
- MAKE Solutions UG
- hello@solidproof.io
December 10, 2021
WagyuSwap DEX Burns 30 Million of $WAG; 7% of Total Supply is Now Gone

December 9 2021, Tallinn, Estonia – Just 8 days after WagyuSwap, the world’s fastest and cheapest decentralized exchange built on the Velas Network announced the Great Steak Event, the team announced yet another periodic token burn initiative of 30,000,000 of the platform’s native $WAG token.

The burn will deplete the total supply by 7%, bringing it back down to 500,000,000. The burn announcement was made on Thursday December 9th prior to an ask me anything (AMA) session with Velas COO, Shirly Valge. Chef Ramsey stated;

“The WagyuSwap community members who are staking are still seeing crazy returns with some of the pools returning over 800%.” He continued:
“We plan to roll out even more steaking initiatives in the nearest future.”

WagyuSwap’s burning occurs when the tokens are intentionally sent to an unusable wallet to remove them from circulation. These wallets aren’t assigned to anyone, and thus once a token/cryptocurrency is burnt via the wallet, it’s gone forever. The WagyuSwap burn mechanism is set up to offset the smart contract’s minting, reducing inflation and removing existing tokens from the circulation.

Back in November the WagyuSwap team already burned 2,000,000 $WAG, so it’s clear that the Chefs will continue to burn DEX’s native tokens. Chef Ramsey also stated:

“We will continue to innovate in the DeFi space, by rolling out new features, steaking and farming pools, as well community based events and competitions, partnerships with various high potential projects and of course the continuous burning of $WAG”

This exciting news comes out just over a week after the team announced their Great Steak event, whereby staking $WAG earns token holders various other tokens such as $SCAR, Valhalla’s Metaverse token, and most recently $ASTRO, a Cardano-based decentralized exchange which is expected to launch before the end of 2021.

With a deflationary mindset and so much in the works for the project, it is clear that 2022 is shaping up to be a big year for the decentralised exchange. To find out more about WagyuSwap, visit the website.

Twitter | Telegram | Medium

December 9, 2021