Evrynet, a financial service platform, is pleased to announce several additions to its list of project advisors. The team attracts talents from within the blockchain space and MIT to expand its reach in the financial world. More collaborations are expected to be announced soon.
Financial service platform Evrynet welcomes three members to its board of advisors. The intelligent financial services platform provides the infrastructure for developers and businesses to build CeDeFi applications. Moreover, Evrynet is compatible and interoperable with many leading blockchain ecosystems, creating many new opportunities and use cases.
To strengthen its presence in the CedeFi world, Evrynet has appointed three members to its board of advisors.
Loi Lui is the CEO and co-founder of Kyber Networks, an on-chain liquidity protocol powering multiple DApps. Loi has created an open-source security analyzer Oyente, focused on the Ethereum blockchain and its smart contracts. He also designed the first sharding protocol for public blockchains, which inspired the creation of Zilliqa. Loi jointly helped develop Evrynet and will serve as an advisor to push the project further.
Stellar Development Foundation co-founder David Mazieres is the second advisor for Evrynet. Mazieres is a professor of Computer Science at Stanford, where he spearheads the Secure Computer Systems Research group. He also co-directs the Center for Blockchain Research and Future of Digital Currency initiative. With vital research focus on operating systems and distributed systems and their security, his expertise – which he contributed to Evrynet development and the Evry whitepaper – will aid the project in the future.
The third Evrynet advisor is Professor Robert Townsend. As a renowned economics professor at MIT and consultant for the Federal Reserve Bank of Chicago and the World Bank, Professor Townsend has contributed to the Evry whitepaper and tokenomics. His knowledge and expertise regarding economics and finances can help open numerous new doors for the Evrynet initiative.
The Evrynet team comments on appointing these three advisors:
“We’re excited to have Loi Lui, David Mazieres, and Professor Rober Townsend join as our project advisors. We have been working with them on many projects and look forward to many more exciting collaborations in the future, several of which are already in process and will be announced soon.”
The expansion of the board of advisors comes shortly after Evrynet raised $7 million in private funding. The money will help the team developed its DeFi app aimed at institutional investors. Decentralized finance has grasped the attention of institutional players, and Evrynet wants to provide adequate DeFi services to investors through the Evry.Finance application. It will feature exchange, liquidity pool, and staking solutions.
Notable investors in the funding round include Signum Capital, Petrock Capital, Elliptive Ventures, and others. Evrynet had, through previous rounds, built up a strong list of investors and supporters, which appears to expand with every funding round.
About Evrynet
Evry.Finance is the first DApp developed by Evrynet. It aims to provide institutional inventors-friendly features to allow them to participate in DeFi. Individual investors will also be able to enjoy the simple user interface where we aim to bring a more diverse yield product through bridging real-world assets and DeFi.
In what could be a defining moment for the cryptocurrency industry, the Securities and Exchange Commission (SEC) will reportedly not block ProShares and Invesco Bitcoin exchange-traded funds (ETF) from trading that is scheduled to begin next week.
ProShares and Invesco Ltd.Bitcoin ETFs are based on futures contracts
The cryptocurrency community has been waiting almost a decade for the first Bitcoin ETF to begin trading within the US. It seems that the long wait is finally over. As reported by Bloomberg, SEC Chairman Gary Gensler has said that recent proposals by ProShares and Invesco Ltd. offer “significant investor protections,” and that the agency won’t step in to prohibit the trading of new financial instruments, which is scheduled to take place next week.
Both ProShares and Invesco Ltd. have taken a different approach than many previous Bitcoin ETF applicants. Both companies have decided to base their ETFs on futures contracts. Futures are financial instruments that allow investors to buy certain assets at an agreed-upon price at a specified time in the future. Futures contracts are an essential part of the financial apparatus and provide sellers and buyers with an opportunity to hedge against risk.
For the longest time, more precisely since the Winklevoss brothers filed the first BTC ETF application in 2013, US regulators have rejected every single application for 8 years straight. The SEC has repeatedly cited the potential of price manipulation, high volatility, and liquidity concerns in the cryptocurrency space as the main reasons for not greenlighting a Bitcoin ETF.
It is worth noting that the two Bitcoin ETFs that are slated to begin trading next week are based on futures contracts, and not directly on spot market activity. However, given the recent developments and the change at the helm of the SEC, we may see a non-future-based Bitcoin ETF in the near future.
The US is lagging behind Canada and several European countries that have already approved Bitcoin ETFs and saw a considerable boost in trading action coming from institutional investors take place since then. For instance, Canada’s first BTC ETF managed to reach the $1 billion mark in AUM in just one month after the fund started trading in February 2021.
After a series of delays, the review of VanEck’s BTC ETF proposal is scheduled for November 14. It will be interesting to see how the SEC handles the review process now that future-based Bitcoin ETFs are here.
The price of the world’s largest cryptocurrency has been on a significant uptick in the past two weeks. Bitcoin price has increased from $43,600 on October 1 to a cycle high of $59,920 on October 15.
Most people who are familiar with cryptocurrency trading use spot markets with the intention of taking advantage of a good buying opportunity or sell their digital assets at an opportune time to maximize their profits.
TurboXBT expands the established paradigm of cryptocurrency trading by offering a system of synthetic short-term contracts that enables traders to make high-earning plays and to turn the market’s short-term volatility to their advantage.
Seamless user interface with an emphasis on simplicity and speed
Up to 90% profit margin with flexible trade entry points and instantaneous orders
Innovative system of synthetic short-term contracts
No KYC required
Cons of TurboXBT
A relatively modest selection of supported assets with only 4 cryptocurrency options
Not available to residents of the US, Canada, Russia, and several other countries
TurboXBT features review
TurboXBT is a trading platform that supports 17 different assets and 38 trading pairs in total. By correctly predicting price movements in 30 seconds to 15 minutes long time intervals, TurboXBT users can earn up to 90% on each trade. While the interface is very visually appealing, it was designed with simplicity in mind, which means that it doesn’t get in the way so you can focus on the most important thing – making profitable trades. Let’s take a detailed look at the interface before diving deeper into the platform’s features.
Seamless user experience and lag-free trades
The interface is separated into two distinct zones. On the left side of the screen, you will find the Account statistics bar, which consists of six tabs that offer quick access to some of the most important features.
Here’s a quick summary of the six tabs located on the left side:
Positions: list of your active trades.
Trade History: list of your past trades.
All Trades: trades made by other users on the platform.
Leaderboard: a leaderboard showing the 15 most active traders on TurboXBT over the last day.
Transfers: deposit and withdrawal options.
Account: account preferences can be found here.
Occupying the center and right side of the main page is the so-called Prediction interface, where the trading chart and prediction parameters are displayed. From here, you can define your preferred duration and amount parameters before executing your contract using the UP or DOWN button.
The interface is a pleasure to use and easy to understand. TurboXBT provides clearly defined profit and risk expectations prior to positions being taken.
If you are not familiar with short-term trading, TurboXBT provides a 1000$ demo account, that requires no sign-in, and allows you to test out your trading strategy before diving into real money trades. To give the demo account a try, click here.
How to use synthetic short-term contracts?
Trading on TurboXBT couldn’t be made easier. In essence, you have to predict the price of a certain asset at the time of the expiration of your contract. If you think that an asset’s price will be lower after the expiration of your position, click on the DOWN button. If, on the other hand, you think that the price will increase, click on the UP button.
Depending on the selected instrument you can make up to 90% profit from a single trade. TurboXBT provides 5 different timeframes: 30 seconds, 1 minute, 5 minutes, 10 minutes and 15 minutes.
Let’s take a look at different position parameters and examine how trading works in the following examples.
What happens when I make a correct prediction?
First, we have to select a trading pair. In this case, we will use BTC/USD and make a trade predicting that the price will decrease in the next 30 seconds. We’ve selected an amount of 0.0001 BTC for this trade.
If the expected profit indicator is colored green it means that we stand to profit the said amount upon the contract expiration. In other words, if the price of BTC/USD will be lower than it was at the time we have executed the synthetic contract, then we will make a +90% profit or 0.00009 BTC from our prediction.
What happens when I make an incorrect prediction?
In our second example, we will show what happens when we make a prediction that turns out to be incorrect. Again, we have selected BTC/USD trading pair, staked 0.001 BTC on our prediction, and decided to set the duration at 30 seconds.
In contrast to before, the expected profit indicator has turned red, which means that we are currently expecting to lose funds when the contract runs its course. If that happens we are going to lose out 0.001 BTC investment. Do note, that a demo account was used for these examples.
As with every kind of financial investment, trading on TurboXBT is not risk-free. The company cautions customers to trade within their means:
“Trading on TurboXBT platform involves a significant level of risk and is not suitable and/or appropriate for all clients. You should never invest funds you cannot afford to lose.”
Which assets can be traded on TurboXBT?
TurboXBT supports a plethora of different assets, both in traditional markets as well as cryptocurrency options. The list of tradeable assets includes:
In total, TurboXBT allows short-term traders to predict price movements of 17 different assets, spanning from Bitcoin to oil and financial indices. In total, the platform offers 38 trading pairs. The company is planning to add more instruments later on, depending on whether their liquidity becomes sufficient to facilitate short-term trades.
How to get your funds in and out of TurboXBT?
Before onboarding funds to TurboXBT, you first have to open an exchange account. The process takes only a couple of minutes, since TurboXBT doesn’t enforce know your customer (KYC) checks on your personal information.
At the moment, TurboXBT accepts four different types of deposit options, which are: Bitcoin, Ethereum, Tether and USD Coin. Both stablecoins options are accepted only in the ERC-20 variety. In order to deposit funds, you have to send them to a private Deposit Address, which is provided by TurboXBT.
Usually, BTC deposits take up to 40 minutes to clear, while ETH and stablecoins take only up to 4 minutes. There are no minimum or maximum deposit limits.
When you wish to make a withdrawal, you have to provide your external crypto wallet address. Once your address is whitelisted via the PIN that is sent to you via email, it can then be used for future withdrawals without additional confirmations.
Do note that any withdrawal requested after 12:00 UTC will be processed on the next day.
While TurboXBT charges no commissions for trades, deposits, and withdrawals, additional costs can be accrued due to blockchain network fees, which are wholly dependent on network bottlenecks.
Trade when on the go with TurboXBT
While TurboXBT doesn’t offer dedicated apps for iOS and Android platforms as of right now, the lighter and streamlined mobile version of the platform was designed with smaller screens of mobile devices in mind.
You can access every feature from the mobile browser, however, using a larger screen and a stable broadband internet connection is advised, especially when trading on shorter timeframes.
TurboXBT provides a secure and stable trading experience
TurboXBT prides itself on ensuring a 99.9% uptime, which is absolutely crucial for a short-term trading platform. While the exchange doesn’t require a KYC, it nevertheless provides bank-grade security and employs extensive security measures to safeguard all user’s funds.
TurboXBT is licensed and AML-compliant in order to reduce the risk of criminal financial activity from taking place on the platform and potentially endangering the safety of users’ funds.
While residents of most counties can access the exchange, citizens of several nations are not permitted to engage in trading activities on TurboXBT. An up-to-date list of restricted countries can be found at the bottom of the homepage, under the “Regional and other client restrictions” section.
Customer support and social media
If you have any questions or are unsure about how certain features work, you can head to the so-called Knowledge Base section, which houses all of the most frequently asked questions (FAQ), the quick start guide, and more. You can also take advantage of live support customer service, which is live 24/7 and usually takes under 5 minutes to answer any inquiries.
TurboXBT is present on all of the most popular social media platforms, where the team regularly shares news of upcoming events and features rollouts.
TurboXBT offers a great trading experience for those who are looking to expand their trading beyond the confines of spot markets and wish to partake in the higher-earning potential of short-term trading.
The platform is very easy to navigate, has a transparent payout structure, and provides a very useful demo feature, which is perfect for those who lack experience in short-term trading. The overall suite of features will satisfy the needs of experienced investors and beginners alike.
Bitcoin has quickly regained lost ground and has managed to momentarily surpass the $58,000 level
Ethereum and Polkadot were among the biggest gainers over the last 24 hours
The total cryptocurrency market cap is only 4% away from surpassing its previous ATH
Bulls had the upper hand over the last 24 hours of trading activity in the cryptocurrency market. The total market capitalization has grown past $2.4 trillion, which is the highest value since mid-May. As such, it is not surprising that only 7 out of 100 largest cryptocurrencies by market cap are trading in the red zone. Here is a quick recap of today’s main market moves.
Bitcoin momentarily passes $58,000 but the resistance was too strong
After dropping to $55,000 during yesterday’s market action, Bitcoin has quickly recovered and managed to surpass the key $58,000 resistance level, however, it didn’t manage to hold that price point for long.
Bitcoin has surpassed $58K on two different occasions during today’s trading.
Earlier today, the price of Bitcoin has fallen as low as $54,550, before increasing to a 24-hour high of $58,400. BTC has now resumed its two-week-long rally, which saw the world’s largest crypto go from $41,400 on September 29 to $57,530 at the time of this writing.
It will be interesting to observe where we go from here. Some analysts, such as the prominent BTC maximalist Tone Vays for instance, are convinced we will see BTC continue to rally and reach $100K by the end of 2021. Interestingly, BTC is the closest to its all-time high price out of the top 100 largest digital assets.
Ethereum reaches a 5-week high on the tailwind of a 9% gain
After Ethereum suffered a nearly 15% loss during a flash crash that wiped out roughly $400 billion from the market due to a cascading effect of ‘long’ position liquidations on September 7, the second-largest crypto took a long time to recover. By the end of September, ETH was still hurting and trading below the $3,000 mark.
The trend got reversed with the start of October as ETH went from $3,040 on October 1 to $3,650 on October 7. Since then, ETH was trading in a relatively tight range and experienced mostly sideways trading activity.
Ethereum experienced a small dip before rallying to a 5-week high.
The week-long trend got broken with today’s nearly 10% price increase. From its lowest point during the last 24 hours, Ethereum has gained nearly $400 in value and is trading at $3,765 at press time.
Polkadot is today’s biggest gainer thanks to the parachain auction announcement
It was a long time coming, but Polkadot parachain auctions are finally here. Polkadot Council has voted on a proposal for the first two batches of auctions, which will begin in mid-November. Decentralized crypto projects will compete for a slot allocation, which will let them build on the Polkadot network for a duration of 96 weeks.
Four hours was all it took for DOT to gain more than 20%.
Following the announcement, the price of DOT quickly surged to a 5-week high of $42.9, before retracing to $40.6 at the time of this writing. In the span of 4 hours, DOT increased by over 20%, which was enough the make Polkadot the largest gainer among the top 100 largest cryptocurrencies by market cap.
The total crypto market cap reaches a 5-month high of $2.43 trillion
Given the large increase in prices of multiple major digital assets, it was to be expected that the total market cap followed suit. Market capitalization has increased by 5.76% in the last 24 hours and reached the highest value since mid-May.
The cumulative value of crypto assets has grown by $130 billion since yesterday.
The highest market valuation that the crypto market has ever reached came in May, when the total value reached a peak of $2.52 trillion. If the market increases “only” by an additional 4% from where we are currently, we will witness the highest market cap in the history of the cryptocurrency industry.
After Wednesday’s successful vote on a proposal to schedule the first set of parachain auctions, the price of Polkadot’s native DOT token has experienced a sharp price increase and has gained more than 20% in the span of four hours. Parachain auctions were first outlined in the project’s white paper five years ago, and now they are finally ready for launch.
Key takeaways:
The first set of parachain auctions, which include five decentralized crypto projects, will begin on November 11. Each auction will last seven days with one new auction scheduled each week.
The second batch of auctions that was proposed by the Polkadot Council will commence on December 23. Like the auctions from the first batch, these auctions will also last seven days each, however, new auctions will begin on a bi-weekly basis.
The first five blockchain auction winners will be onboarded to Polkadot later this year, on December 15, and will be assigned a parachain slot for a duration of 96 weeks.
To prevent so-called auction sniping, Polkadot will employ a candle auction method, which prevents participants from knowing the exact end time of a particular auction using randomness mechanics.
Crypto projects will compete for a slot allocation, which will let them build on the Polkadot network for 96 weeks. The auction model benefits projects that have the strongest community support, as they are able to crowdloan most efficiently. Auctions will take place in DOT.
Parachains are customized blockchains designed to feed into the mainchain. Since they are tailored for project-specific use cases, parachains can achieve higher throughput while retaining lower transaction costs than the main blockchain. Parachains were first introduced in Polkadot’s white paper, and later incorporated into Polkadot’s canary network Kusama.
Polkadot was created by Ethereum co-founder Gavin Wood, who envisioned a heterogeneous multichain framework, which can combine external networks and customizable parachains to create an “internet of blockchains.”
Following the announcement of the parachain auction schedule, the price of DOT jumped by 20% and reached the highest value in the last 5 months.
TRON, one of the leading cryptocurrency projects by market cap with a valuation of over $6B, has partnered with Decentral Games to unlock GameFi’s potential to help more ordinary people as it currently has in many regions worldwide.
“I believe that the partnership with Decentral Games will unlock more potential for GameFi,” said TRON CEO and Founder Justin Sun. “It’s fascinating to see how GameFi facilitates a player-owned economy with ownership transfer and additional revenue generation. That has already benefited many ordinary people, especially in South Asia.”
TRON’s investment in $DG represents a strong endorsement of Decentral Games’ cutting-edge play-to-earn innovations. It also follows several high-profile partnerships and collaborations with Binance Smart Chain, Polygon, Theta, Grayscale, Decentraland, and Hashkey, among several others.
TRON launched a $300-million investment pool together with APENFT in August dedicated to advancing GameFi related technology, a space in which Decentral Games has become a prominent player. “GameFi is going to be the next big thing that makes the DeFi, NFT, and larger crypto space easy to understand and be involved in,” Sun said recently.
“The Decentral Games and TRON teams share the belief that play-to-earn will play an outsized role in shaping the broader gaming sector and the future of entertainment and work,” Decentral Games CEO and Founder Miles Anthony said.
“We are excited to work with TRON to accelerate the adoption of NFT and EV-positive gaming technologies for the long-term,” Mr. Anthony added.
GameFi has taken the blockchain game industry by storm as it combines decentralized finance (DeFi), bringing new dimensions to crypto games. For example, players may use and delegate assets to generate yield.
Decentral Games recently launched ICE Poker, an unrivaled play-to-earn (P2E) ecosystem that financially rewards users for their participation. DG’s gameplay mode boosts daily and monthly recurring players on the $DG platform and creates an EV-positive (expected value positive) environment for all players.
As a result of DG’s P2E success, a growing, loyal community of players have collectively provided the project with a formidable moat and dependable cash flows to the platform’s DAO. Year to date, the DG DAO treasury’s total assets have increased exponentially from $500,000 to over $12 million.
About Decentral Games (DG)
Decentral Games (DG) is a next-generation entertainment and play-to-earn GameFi DAO at the intersection of the metaverse and NFT. The company is backed by key investor Digital Currency Group (DCG), whose principal subsidiary Grayscale is the world’s biggest bitcoin and cryptocurrency fund manager and manages $40 billion in assets. Decentral Games is a leading metaverse project. It is the world’s first to provide metaverse employment opportunities.
Decentral Games develops 3D metaverse games on blockchain for both consumer and business markets. The games include NFTs, play-to-earn models, wager-based games, and 3D virtual events games revolving around music entertainment with an immersive experience.
Tron was founded by Justin Sun in 2017. It is developed by multiple blockchain developers and sees building the next generation of global financial and internet infrastructure at its mission. Tron aims at providing millions of developers across the globe with a custom-built system for blockchain that is efficient, developer-friendly, stable, secure and easy to optimize.
With over 55 million registered users and over 2.3 billion transactions, Tron is the world’s fastest-growing public chain and it is now among the world’s three major public chains. Tron public chain boasts a diverse blockchain ecosystem covering the public chain, wallet clients, DApp, and DeFi. It has become an important representative of global blockchain’s development.
Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the world’s largest distributed storage system Bittorrent File System (BTFS) to deliver the mission of registering world-class artworks as NFTs on the blockchain. NFT, as the sole token issued by APENFT, is a decentralized digital currency developed in compliance with the ERC-20/TRC-20 protocol, and also serves as a proof of stake of the foundation. NFT holders can vote, share profits and participate in community events.
After a private fundraising campaign this summer, fintech akt.io opens its’ Initial Coin Offering in Ireland, offering a 12.5% bonus and exclusive app membership benefits for early investors
DUBLIN, IRELAND, September 27, 2021 – Akt.io, the European fintech start-up created by Automata Group, has launched a public Initial Coin Offering (ICO) in Ireland for early investors in their AKTIO coin. The ICO, an innovative fundraising method that uses blockchain technology to issue digital assets, incentivises investors with a 12.5% bonus on coin purchases and an opportunity to access exclusive akt.io app membership benefits.
The akt.io app, slated for a public launch in early 2022, will issue IBAN accounts that allow members to earn, invest, and pay with fiat currencies (EUR, GBP), cryptocurrencies, stocks, and other assets, all with one application. Members will be able to use the Wealth Card, an internationally recognized payment card, to make direct payments with invested capital while it continues to generate a return.
The Wealth Card is powered by the cutting-edge technology of the WealthHub, a multi-route asset exchange that enables the instant, direct trading of financial assets held within the akt.io platform – crypto to EUR, shares to crypto, EUR to commodities, etc.
CEO & Founder of Automata Group Gaël Itier previously worked with a team of analysts spearheading the design of quantitative models and applying modern portfolio allocation methodologies for wealthy individuals. It was then that he discovered the same type of algorithmic trading used to manage portfolios for high-net worth individuals could be applied to the retail market.
Since 2017, Itier has worked to develop the WealthBot, an AI-powered, algorithmic trading feature that represents another core of the app’s functionality. The algorithm automates investments based on different investor profiles and has demonstrated the ability to dramatically reduce risk in a bear market. This feature will only be available to Premium and Elite app members.
Itier says, “We are on a mission to make traditional financial institutions obsolete and give individuals power over their financial future. Our private ICO was a huge success and we’re excited to open this investment opportunity to a wider community. The money we raise will allow us to continue to scale, recruit the best talent and guarantee the success of this ambitious project.” The company has the ambitious goal to reach 1 million members by the end of 2022 and 3 million by the end of 2023.
In addition to the 12.5% bonus, the first 1,000 investors who purchase €10,000 worth of AKTIO coins in the Irish ICO will unlock access to a Premium lifetime app membership. The first 1,000 investors who commit €50,000 worth of AKTIO coins in the Irish ICO will unlock access to the Elite app membership. All participants receive a unique referral link that generates them an additional 5% on all coin purchase referrals. The offer has a fundraising cap of €27M and is set to expire after the coin is listed on major exchange platforms later this year.
Press Contact Yael Kusch, Head of Communications, yael.kusch@akt.io; + 33 6 32 23 01 57
About akt.io – Brought to you by Automata Group, akt.io aims to transform the world of finance by leveraging cutting edge technology that enables members to make direct payments with invested capital, automate their investing with intelligent algorithms, and earn income with their digital assets, all through a single mobile app. Since its inception in 2017, the company has raised over €7 million and opened offices in Sophia-Antipolis, Paris, London, and Dublin.
Leading digital asset wealth management platform grows assets to $339 million and sponsors West Ham United just eight months from public launch
YIELD App, a FinTech company and digital asset wealth management platform, has published its Q3 report, showing the firm continuing on a strong growth trajectory over the third quarter of 2021, which saw it double its managed assets and strike a high profile partnership with Premier League football club, West Ham United.
The quarter saw YIELD App’s managed assets increase by 107% from $163.6 million at the end of June 2021 to $339.4 million by the end of September, marking a bold first nine months for YIELD App following its beta launch in December 2020 and public launch in February of this year.
YIELD App said the increase had been driven in large part by the launch of its Bitcoin Fund in July, which reached its cap of 500 BTC in just a few days of its first fundraising round. The re-opening of the fund in August also saw one of the firm’s biggest days for new user sign-ups, with close to 1,500 new users joining on August 20th.
Asset growth was further boosted by a growing number of corporate and institutional clients, with YIELD App reporting that it now serves well over 60 clients in this segment, ranging from blockchain companies to traditional investment vehicles to family offices across Europe, Asia, and Australia.
The report states that the highlight of the three months to the end of September, however, was YIELD App’s partnership with West Ham United, a Premier League football club based in London in the UK. YIELD App is now the official Digital Asset Wealth Management partner of the club until the end of the 2021/22 season in June 2022.
YIELD App says the deal will see the digital wealth management platform feature throughout West Ham United’s communications with its 60 million fans across the world, significantly broadening the reach of digital assets to mainstream audiences.
The Q3 report also sees YIELD App enhance its transparency by significantly expanding its portfolio reporting to include extensive information on risk management, insurance pools, and how the firm invests users’ funds. The firm says it has contracted top blockchain auditing and accounting firm Armanino to report on its reserves, while it is also partnering with up-and-coming DeFi risk-modeling platform Credmark for further auditing.
Commenting on the YIELD App Q3 Report, Tim Frost, CEO of YIELD App, said: “In the nine months since our beta launch in December 2020, YIELD App has gone from strength to strength, growing at an unprecedented pace. In the latest quarter alone, we have seen our managed assets more than double and secured an exciting new partnership with West Ham United that places us among the top tier of digital asset wealth platforms.
“I couldn’t be more pleased with how the first nine months of our business have gone and I am thoroughly looking forward to the successes that await us in the last three months of the year, and beyond. With our strong and growing team and our market-beating proposition, I am confident YIELD App will become a leading platform for anyone interested in digital assets, anywhere in the world.”
Please click here to view the full YIELD App Q3 Report
About YIELD App
YIELD App believes that everyone should have access to the best investment opportunities. Its mission is to unlock the full potential of digital assets, combine them with the most rewarding opportunities available across all financial markets and make these available to the world. To achieve this, the company provides an innovative digital asset wealth management platform that bridges traditional and decentralized finance in the easiest way possible. For more information, visit www.yield.app
Polker has launched a countdown timer on their website to the official date of the much-anticipated ‘Testnet’ Game Launch. The timer indicates that the game is going to go live on the 11th of November and you can sign up to be part of this now. Polker is set to be the first fully free-to-play and play-to-earn blockchain NFT game in the space. The game is built on Unreal Engine, so not only does it have the power of the blockchain behind it – it has unparalleled graphics. Polker has developed a truly powerful and immersive game that pulls both the gaming world and blockchain space together for a full-throttle experience.
Polker’s ‘Testnet’ Game Launch is less than a month from now and Polker is going to continue delivering as the date closes in. Polker is in the process of getting its native token – PKR – listed on major exchanges throughout the month, making it even more accessible to the public. Polker is also preparing to announce some huge partnerships throughout the month leading up to the game release.
Polker – Recent Developments
The ‘Testnet’ Game Launch comes not long after Polker announced the partnership and grant from The Polygon Foundation. The Polygon partnership allowed the project to migrate their transparency and auditability smart contracts to a scaling solution that relieves the gas fee and congestion issues that Ethereum’s main net currently has. Since transparency has always been a key focus from Polker, having all aspects of gameplay auditable on-chain is vital – and Polygon’s scaling solution helped the project achieve this.
Polker went through the final stages of penetration testing with Quinel recently to ensure that they had third party verification that the game was secure and fair. Having Quinel onboard meant that the community could relax knowing that the game was designed with security and integrity at the forefront. Having a team that is transparent and dedicated to security measures really sets Polker apart from others.
Growth Potential of Polker (PKR)
With the upcoming ‘Testnet’ Launch Polker and $PKR have a huge amount of growth potential. The fact that $PKR is now being listed on centralized exchange BitMart increases this potential massively.
The business model that Polker follows is similar to that of AXIE INFINITY (AXS) which has a fully diluted market cap of $19.4bn at the time of writing. Polker (PKR) currently has a fully diluted market cap of $40.2m. If PKR were to reach the same market cap as AXS then the current value would increase over 482x. Simply put, a $1000 investment in PKR today would be worth over $482,000 if Polker were to grow to the same market cap as AXIE INFINITY.
Even reaching half the market cap of AXS in the short term which is a much more reasonable expectation would allow for a 24,000% increase in value – an ROI that is too good to miss out on for any investor, especially with the likes of Akon backing the platform.
Polker’s Billionaire’s Game Room
On the top floors of the world’s most luxury hotels, in the backrooms of elitist clubs – it’s rumoured that a certain collective sit down together. Some say that names like Dorsey, Musk, Trump, and Kim are mentioned amongst others – but these could just be pseudonyms. The rumours don’t end there – apparently, Polker has a room just like this, and the same names come up time and time again. Polker’s apparent Billionaire’s Game Room is shrouded in secrecy, but all that might be about to change.
Polker is powered by blockchain technology, Unreal Engine 4, and patent-pending / patented protocols which allow for pure transparency and random number generation. Polker’s powerful play-to-earn platform is supported by the native token $PKR. The token is available on Ethereum at Uniswap and on Binance Smart Chain at PancakeSwap. For those who prefer to Purchase $PKR with a centralized exchange then the token is also available at BitMart.
About Polker.Game
Polker.game is the first Play-to-Earn poker game powered by $PKR which uses Unreal Engine 4 for immersive and powerful gameplay. Polker utilizes an on-chain provably fair system for truly transparent gameplay. Polker has recently received a grant and partnership with Polygon as well as confirming the integration of Chainlink’s price oracles into their ecosystem. The first staking pool of the native token of Polker, PKR, has recently been made available on Polker.Game and boasts close to 60% APY.
