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  • MonoX raises $5 million to disrupt traditional DEXs using single-sided liquidity pools

    MonoX raises $5 million to disrupt traditional DEXs using single-sided liquidity pools

    Singapore, Singapore, 17th September, 2021,

    MonoX Protocol, the most capital-efficient automated market maker (AMM) in the DeFi space, is delighted to announce the closing of a $5 million funding round to make it economical for projects to launch their tokens using its innovative single-sided liquidity pools.

    Led by Krypital Group, the funding round saw participation from Axia8 Ventures, Animoca Brands, Divergence Ventures, Youbi Capital, Rarestone Capital, LD Capital, GenBlock Capital, 3Commas, OP Crypto, and Blockdream. 

    Ruyi Ren, founder and CEO of MonoX, said, “With a lot of innovation in the DeFi space, over-collateralization has become an increasingly big problem. As the most capital efficient liquidity solution, MonoX will help more innovative projects succeed. We will use the funding to grow the team, further develop and build our community in new flourishing DeFi ecosystems like Solana.”

    Unlike traditional DEXes that require projects to deposit two tokens to build a liquidity pair, MonoX enables developers to list their tokens without the burden of bringing another asset. Projects can launch new tokens without extra capital because they don’t need to deposit a second token to build the pair.

    Derek Hansen, Partner at Rarestone Capital, said, “MonoX is tackling the capital inefficiencies caused by liquidity pairs. Project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity. Their novel approach to single sided liquidity is sure to help scale new emerging DeFi ecosystems like Solana and Avalanche. We look forward to their launch and will use our collective resources and expertise to help them succeed.”

    The platform groups the deposited tokens into a virtual pair with the vCASH stablecoin, which is backed by all assets in the MonoX pools. It eliminates the capital inefficiencies caused by liquidity pairs. 

    The single-sided liquidity design reduces trading fees by avoiding the lengthy transaction paths that we see on traditional automated market makers (AMMs). 

    “Based on our full confidence in the future of DeFi, we have been looking for products that can help DeFi expand and we met the MonoX team. We believe that their ideas can lower the barriers to entry for users, at the same time create greater value for the DeFi field. This is why we decided to invest and incubate this project, and also use our various resources and experience to help them develop,” said Maggie Wu, co-founder and CEO of Krypital Group.

    MonoX is also a capital-efficient solution to infuse liquidity to Value-backed Tokens (VBTs) such as synthetics, fractional NFTs, gaming tokens and insurance tokens. Such assets can be launched and traded with zero collateral, meaning projects and users don’t have to collateralize them a second time with a liquidity pair. 

    MonoX is set to launch its mainnet on Ethereum and Polygon in the Q3 of 2021 with full swap and liquidity features. As a blockchain-agnostic platform, it will also launch on Solana in the near future. 

    About MonoX

    MonoX is the most capital-efficient automated market maker (AMM) in the DeFi ecosystem. It empowers developers, traders, and liquidity providers to participate in an open, accessible, and capital-efficient marketplace. MonoX aims to revolutionize DeFi by fixing the capital inefficiencies of the first-generation protocol models. Its single-sided liquidity pools and vCASH stablecoin facilitate lower trading fees, capital efficiency, and the ability to launch tokens with zero additional capital. 

    Contacts
    • Hugh Flood
    • hugh@monox.fi
  • The International DOTA 2: Win Fantastic Prizes in the 1xBit’s New Esports Tournament

    The International DOTA 2: Win Fantastic Prizes in the 1xBit’s New Esports Tournament

    Press Release: Bet on esports at 1xBit and get a chance of claiming a prize from the 1xBit’s 1 BTC prize pool

    17th September 2021, Limassol, Cyprus — This September has prepared something special for you! 1xBit offers the unique opportunity for all e-sports lovers to dive into the world of cybersport and enjoy an amazing experience like never before – one of the biggest esports tournaments is on the way!

    Battle for the Aegis

    Dedicated to renowned International 10 by Valve, The International: Battle for the Aegis is the departure point where users can support their favorite team and find the right key to victory.

    Your bet is your key – this phrase has a literal meaning. To participate in this mega tournament, users must bet on any live or line esports events with 1.5 odds or higher and collect the keys. The bigger your bet is, the more keys you collect.

    There are thousands of keys available to claim, however, only 41 of the keys can open the grand treasury of 1 BTC, free bets, and bonus points that can be spent in the Promo Code store. There will be 41 prizes for 41 lucky winners. Here is a breakdown of what the winners get:

    • First Place: 200 mBTC (1 winner)
    • Second place: 100 mBTC (5 winners)
    • Third place: 50 mBTC (5 winners)
    • Fourth place: 5 mBTC free bet (5 winners)
    • Fifth place: 1 mBTC free bet (10 winners)
    • Sixth place: 5000 bonus points (15 winners)

    The International will take place from September 17th to October 17th on 1xBit. Hurry now, don’t miss your chance to find the key to your victory!

    The Benefits of 1xBit

    Once you sign up on 1xBit, here are the other benefits you’ll enjoy:

    • Large Esports Collection: All your favorite e-sports games are featured on 1xBit. These include DOTA 2, League of Legends, Starcraft II, CS: GO, and many others.
    • Anonymous online betting: No risk of losing your private details or financial information to the wrong hands! You can sign up on 1xBit and gamble anonymously.
    • Thousands of other betting options: In addition to e-sports, you can also bet on your favorite sports. 1xBit offers you thousands of betting markets on more than 45 sports, including football, basketball, volleyball, and even unusual sports like weather forecasts or presidential elections! There are also 5000+ online slots and 200+ live casino games.
    • Decent welcome bonus: Sign up on 1xBit and claim up to 7 BTC bonus on your first four deposits on the site.
    • Fast payouts: Get your winnings credited to your account instantly after your request. No delays, no wasting time!
    • Numerous currencies: Over 35 digital coins accepted. Gamble in Bitcoin, Ethereum, Dogecoin, Litecoin, and other popular coins, even three fan tokens are available. Interestingly, you can change your preferred currency at any time.

    Media Contact Details
    Contact Name: Anastasia Semenova
    Contact Email: marketing@1x-bit.com 

    1xBit Socials
    Blog | Twitter | Telegram | Instagram | YouTube

    1xBit is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

  • Bybit Launchpad Debuts With BIT Token Listing

    Bybit Launchpad Debuts With BIT Token Listing

    Singapore, Singapore, 17th September, 2021,

    Bybit, a popular platform for crypto lovers around the globe, has announced today its token launch site Bybit Launchpad. The first new token to feature on Bybit Launchpad will be $BIT.

    Introducing Bybit Launchpad

    Bybit Launchpad is designed to help connect innovative crypto projects and users who may be interested to gain exposure to promising projects, while protecting users and projects alike. Bybit Launchpad is open to Bybit users who have completed KYC L1, ensuring compliance with local regulatory requirements.

    “We at Bybit are constantly inspired and amazed by the intrepid and imaginative experimentation in the crypto space and the talented and committed folks working for a better future of finance,” said Ben Zhou, co-founder and CEO of Bybit. “With Bybit Launchpad, we hope to shine a light on promising projects and help bring game-changing innovations to a wider audience.”

    BIT Coming Soon to Bybit Launchpad

    BIT is the native token of BitDAO — one of the world’s largest Decentralized Autonomous Organizations (DAOs) that aims to allocate massive financial and talent resources to support DeFi growth. BitDAO is supported by Peter Thiel, Founders Fund, Pantera, Dragonfly, Spartan, Alan Howard, Kain Warwick, SushiSwap, Polygon and more.

    Bybit is an initial proponent of BitDAO, and has pledged to contribute 2.5bps of futures trading volume to BitDAO’s treasury. The contribution, at 2021 rates, is projected to exceed $1B per year. The BitDAO treasury balance stands at more than $540M as of Sept. 16.

    Bybit’s listing of BIT will include launch rewards and free giveaways for participants. Timing and procedural updates on the BIT listing and airdrop will be updated on the Bybit blog.

    For more details about Bybit Launchpad and upcoming token launches, go to https://www.bybit.com/en-US/trade/spot/launchpad/. 

    //ENDS

    About Bybit

    Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multi-lingual community support. The company provides innovative online spot and derivatives trading services, cloud and DeFi mining products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class.

    For more information please visit: https://www.bybit.com/

    For updates, follow Bybit’s social platforms on Twitter and Telegram.

    About BIT and BitDAO

    $BIT is the native token of BitDAO, one of the world’s largest Decentralized Autonomous Organizations. BitDAO was formed with the vision of leveling the economic playing field for every person in the world through the acceleration of the decentralized tokenized economy. 

    Homepage: www.bitdao.io

    Twitter: https://twitter.com/BitDAO_Official

    Discord:https://discord.gg/jTBC4BKnj7

    Telegram: https://t.me/BitDAO_Official

    GitHub: https://github.com/BitDAOProtocol

    Medium: https://medium.com/bitdao

    Contacts
    • Dan Edelstein
    • PR@marketacross.com
  • crowdEats Wins Grant From the DFINITY Foundation to Build on the Internet Computer

    crowdEats Wins Grant From the DFINITY Foundation to Build on the Internet Computer

    Zurich, Switzerland, 16th September, 2021, Chainwire

    crowdEats has won a grant from the DFINITY Foundation’s developer program to build on the Internet Computer. 

    crowdEats’ mission is to fix the broken system of online reviews. On platforms like Yelp, 20 percent of reviews are paid for by businesses trying to boost their rankings (or competitors hoping to torpedo their rivals). 

    crowdEats solves this problem with blockchain technology that incentivizes honest, crowd-sourced reviews, moderated by real people who are rewarded according to how much they contribute. For decades, online-review companies have profited off free labor. But with crowdEats, users can finally get their cut — and trust that the ratings at their bucket-list restaurants are genuine. 

    To support the growth of this platform, DFINITY has awarded crowdEats a grant for development on the Internet Computer (ICP). The ICP has attracted thousands of developers, and hundreds of thousands of users of its decentralized apps (dapps), within just a few months of its launch in May of 2021. Decentralized versions of Reddit, WhatsApp, LinkedIn, Medium, Dropbox, and Trello — as well as DeFi platforms, NFT marketplaces and games — are already up and running with users on the Internet Computer. 

    The DFINITY Developer Grant Program aims to catalyze the growth of the Internet Computer ecosystem and make the Internet Computer accessible and approachable to more developers around the world by providing support to promising teams. Each grant is designed to give projects runway to focus on key development areas including:

    • Developer tooling
    • Dapp infrastructure
    • Integrations and APIs
    • Open internet services
    • Canister development kits (CDKs) and agents

    The DFINITY Foundation is committed to providing follow-on grants to projects that show progress from initial grants. 

    Sixty-five grantees have so far received $1,145,000 from the nearly quarter of a billion dollars offered by DFINITY’s grant program since May 2021. It is one of the blockchain sector’s biggest developer grant programs.  You can find a full list of grant recipients and guidelines for how to apply here. 

    The grants program is a non-dilutive form of financing for up-and-coming projects that solve crucial problems in the next phase of our connected world. Please note that this program is not meant to be a source of venture funding. If you are actively fundraising, consider applying to the Beacon Fund.

    About the Internet Computer

    The Internet Computer is the world’s first public blockchain running at web speed with internet scale. A revolutionary blockchain technology that empowers millions of entrepreneurs and developers via the Internet Computer Protocol (ICP) to build dapps, DeFi products, pan-industry platforms, websites, and enterprise systems to rebuild and reimagine everything on the internet. It was created by the DFINITY Foundation. 

    DFINITY: Twitter Reddit YouTube GitHub DFINITY Developer Center

    Contacts

    Director

    • Seamus Conwell
    • 150Bond
    • seamus.conwell@150bond.com
  • Algorand (ALGO) and Polygon (MATIC) Lead the Charts, Ethereum Experiences Bullish Momentum

    Algorand (ALGO) and Polygon (MATIC) Lead the Charts, Ethereum Experiences Bullish Momentum

    Key takeaways:

    • Algorand experiences a miny rally in the last 10 hours, gaining more than 15%
    • Following the announcement of Polygon integration with a major consulting firm, Ernst & Young, MATIC sees strong upward momentum
    • Ethereum is quickly approaching its September peak value, gains more than 6% in the last 24 hours

    During a relatively modest trading volume day, Algorand and Polygon have performed the best among the cryptocurrency’s top 20 largest projects by market capitalization. Ethereum is also experiencing quite an uptick, the second-largest crypto is now up more than 6% for the day and over 20% in the last three days of trading.

    Algorand price surges by more than 15% in the last 10 hours

    While Algorand has experienced a lackluster market performance over the last seven days, ALGO has awakened from the slump and surged by more than 15% over the last 10 hours of trading to reach $2.20 at the time of this writing. Taking a step back, and analyzing the month-long period, Algorand has been on a tear. ALGO was trading below $1 USD ($0.98 to be exact) at the end of August and has since exploded by more than 100%.

    The announcement of a massive 150 million ALGO fund (worth over $330 million at current market rates) by the Algorand Foundation certainly contributed to the rise in value. The recently launched fund is looking to boost decentralized finance (DeFi) development by providing 100M ALGO in liquidity incentives and 50M ALGO towards grants. Investment firm SkyBridge Capital recently announced that it had raised $100 million for the newly created fund.

    Buy/Sell ALGO

    Polygon sees 20% gains over the last three days

    The native cryptocurrency of the Polygon network, MATIC, has experienced rapid growth over the last 72 hours. MATIC was trading at $1.21 on September 14 and has since risen to reach $1.46 for a total increase of over 20%. The three-day rally has helped MATIC reach its highest price since the flash crash that happened at the beginning of last week.

    Polygon, formerly known as Matic Network, is a blockchain platform that provides interoperability solutions and a highly scalable framework for the development of ETH-compatible chains. Ernst & Young, an international consulting firm with over 300,000 employees, has recently announced the integration of its blockchain services with Polygon. The consulting behemoth revealed that Polygon will provide its enterprise clients with faster and easier to scale transactions paired with quick settlement tines and stable fees.

    Buy/Sell MATIC

    Ethereum is showing bullish signs, the market is recovering quickly from Monday’s Litecoin “pump and dump”

    As soon as the news of Litecoin partnering with Walmart was revealed to be fake, the prices of all crypto assets took a big hit, leaving a “candle” pattern, which can be seen on the above graph of Ethereum for the last 7 days. ETH has dipped below $3,200 at the lowest point on September 13. However, since then, the second-largest crypto has managed to quickly regain lost ground and surpass the $3,600 mark. At the time of this writing, Ethereum is up more than 15% in the last three days.

    Buy/Sell ETH

    Generally speaking, the crypto market has shown a great deal of resilience over the last two weeks. Following the massive drop that occurred following a cascade of “long” liquidations, the market has managed to recover more than half its losses since September 8. Litecoin fiasco could also leave the market in a much worse state than it did. It will be interesting to observe how things will pan out in the coming weeks.

  • Amasa Announces Dual IDO on Trustpad and Chainboost on September 28

    Amasa Announces Dual IDO on Trustpad and Chainboost on September 28

    Sydney, Australia, 16th September, 2021,

    Amasa will collaborate with Genesis Shards for a pre-IDO NFT release on September 23.

    Amasa is thrilled to announce its dual IDO will be hosted on Trustpad and Chainboost from Tuesday, September 28, to Thursday, September 30, 2021.[1] [JH2]  Plus, as part of Amasa’s community engagement campaign, a pre-IDO NFT release of wrapped $AMAS tokens will be offered via Genesis Shards’ Genpad launchpad on September 23.

    This is a milestone in Amasa’s journey to harness micro income streams for users everywhere. Amasa is unleashing the potential of Web 3.0, a new generation of internet applications and platforms incorporating blockchain and other technologies that facilitate decentralization, open and permissionless networks, and greater ownership of data.

    This dual IDO will be the first opportunity for the public to acquire the $AMAS governance token, which will enable holders to drive the project’s future direction by submitting and voting on proposals to guide platform developments like new portfolio options, adjustments to fees and rewards, and treasury fund deployment.

    $AMAS will be listed on Uniswap and be accessible to the broader crypto community after the dual IDO.

    In all, 3.75 million $AMAS tokens will be offered at $0.08 apiece through the three powerhouse launchpads. Genpad will handle 16.7% ($50,000) of the $AMAS allocation, while Trustpad and Chainboost will each manage a 41.65% allocation ($125,000).

    Will Birks, Core Contributor of the project, said “Amasa is being built to help make Web 3.0 and DeFi more accessible and valuable to anyone. Wealth decentralization is our driving purpose. We want more value from online activities for the 99%, and less captured by the 1%. Our aim is to provide a user-first model that helps anyone get the benefits of Web 3.0 and Defi without having to navigate all the complexity. This remains a constant value proposition in a hyper-rapidly evolving space.”

    Amasa provides a way to combine, stabilize, and amplify micro income streams, which Web 3.0 apps pay to users for their online activity. This activity includes play-to-earn gaming, ad viewing, data sharing, content creation, sharing CPU computational power through the cloud, and engaging in professional network interactions. This creates a new type of investment ecosystem for Amasa’s users as well as a new significance for micro income streams.

    Amasa is building a way for users to aggregate micro income streams in one account, shield assets from market volatility by automatically swapping deposits into stablecoins, and adopt community-endorsed DeFi investment strategies for effective wealth-building. Specifically, Amasa will utilize Chainlink’s Keepers and the Polygon-powered QuickSwap decentralized exchange to perform auto-swaps, ensuring a fast and low-cost process that requires no management by users.

    Amasa will provide $AMAS holders who stake their tokens with access to governance functions such as voting on proposals. In this way, Amasa will encourage its users to be active participants in the journey of shaping the entire Amasa community’s financial future.

    For more information about Amasa and $AMAS, please visit the project’s official website.

    About Trustpad, Chainboost, and Genesis Shards

    TrustPad was founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. A “quality, not quantity” approach ensures that projects launched through TrustPad have real, long-term value.

    ChainBoost is a decentralized launch platform powered by ChainGuardians. Its community and team believe in the disruptive potential of NFTs, gamification, and DeFi within the technological and financial industries.

    Genesis Shards is a decentralized ecosystem powered by Polkadot. It redefines NFTs as DeFi options, creating a permission-less environment of interchain liquidity for pre-IDO tokens.

    About Amasa

    Amasa’s mission is to connect millions of users to Web 3.0 and DeFi to improve their financial situations. The project is driving adoption of platforms that reward participants with micro income streams for their gaming, time, energy, attention, content, data, and interactions.

    Amasa is building the world’s first micro income stream investment app. The Amasa app will make micro income streams easy to capture, combine, and access as a stabilized income, then amplify through user-selected DeFi investment options. Combine. Stabilize. Amplify. All in the background of everyday life.

    Telegram (Community): https://t.me/amasa_community/

    Telegram (Announcements): https://t.me/amasa_updates/

    Twitter: https://twitter.com/amasa_io/

    Medium: https://amasa.medium.com/

    Contacts
    • James Herlihy
    • james@amasa.io
  • Land Based Casinos or Online Casinos: Which is the Best?

    Land Based Casinos or Online Casinos: Which is the Best?

    The act of wagering one’s own money to win additional money is known as betting. Prior to the advent of online casinos, people had to travel to physical casinos to play in the game of chance. On the other hand, online casinos have emerged as a new and exciting option for gamblers to consider exploring with rapid technological improvements.

    Since 1996, the number of online casinos has been growing and expanding around the world. Therefore, an increasing number of players will opt to play online casinos rather than going to brick-and-mortar casinos due to this trend.

    An unavoidable debate broke out over two gaming platforms: online casinos and land-based casinos. Casinos with physical locations are popular with some people. Others argue that the advent of online casinos heralds the beginning of a new era in the gaming industry. But identifying which is greater will be difficult because each has its own set of advantages and restrictions and is being targeted to different sorts of players, making it difficult to choose. In this article, we have listed the pros and cons of each gaming platform; all that is left is for you to choose which you think is best suited to you.

    Online Casinos

    The first two qualities that come to mind when thinking of online casinos are “simplicity” and “comfort.” You may gamble at your favorite casino without having to travel if you have an internet-connected device. Players can continue to play even if betting is prohibited in their jurisdiction. As a result, players are exempt from paying for travel, lodging, outfits, and other expenses. In addition, traditional casinos have set hours of operation. On the other hand, online casinos allow you to play cards at any time of day or night as long as you have money in your account to play with.

    Furthermore, unlike land-based casinos, you will never be harassed by other players. You and your games are now the only things in your world at that moment. It is especially useful for people who are easily distracted. Due to virtual reality technology, which is becoming increasingly popular in online casinos, the games retain a genuine feel despite being played in a virtual environment.

    Another area in which online casinos outperform traditional casinos is the sheer number of games they have to offer. Players can gamble on things that are not available at land-based casinos, such as horse racing and esports. The huge bonus promos are another major advantage of playing online. Players will have greater chances to get bonuses if they play at online casinos. Free spins, free coins, and occasionally even fast cashback are available. It’s exciting to be able to try out a game before placing money into a betting account. Players who make use of cryptocurrency can also enjoy various crypto-based games on some of the best crypto gambling sites.

    Many online promotions and tournaments provide players with the opportunity to win significant sums of money or magnificent non-casino prizes. In fact, several online casinos provide no-deposit bonuses, which players can take advantage of immediately after enrolling with the casino site. These bonuses are provided to gamers at no additional cost and do not necessitate any payments on their part.

    However, the most significant disadvantage of betting sites is their lack of trustworthiness. The majority of land-based casinos are owned by huge corporations and are regulated by professional betting organizations or the government. Though setting up an online casino is much easier. As a result, there have been various betting-related scams. Many internet casinos have also been chastised for their unequal policies and terms.

    Pros

    • Flexibility
    • Bonus and promotions
    • Multiple game options available
    • Multiple payment options

    Cons

    • Lack of personal interaction

    Land-based Casinos

    Traditional casinos have a long history and have dominated the history of betting. You will need to go to specific locations to be able to play. Of course, you will need to bring a large amount of cash to buy chips to participate in casino games. As previously stated, you must visit public places. As a result, you will have the opportunity to meet new people while enjoying your gameplay. Some people even met their future spouses in casinos. A whole new world has opened up for you. Overall, the traditional Land-based casino provides players with the authentic feeling and thrill of playing with many real people.

    However, this factor brings a disadvantage. Players will have to pay extra for transportation and costumes. Mainly, betting is illegal in some countries, so players must travel to casinos in other countries. It causes the player to waste a significant amount of time.

    When you walk inside a casino, you receive the impression that you are taking part in a vibrant festival. Aside from games, you can participate in a variety of activities such as attending entertainment shows, drinking for free, listening to live music, and flirting with attractive blondes and brunettes. These will be thrilling experiences that you would never be able to get in an online casino. On the other hand, the clamor of chatting gamers and dealers and the sounds of slot machines make it difficult for players to concentrate on their winning strategy.

    Pros

    • Human Interaction
    • Thrill and Excitement

    Cons

    • Noise Disturbance
    • Expenses
    • Inflexibility

    Conclusion – What Platform is Best for You?

    If you want to play at a land-based or online casino, that is entirely up to you. Given the current state of the world, an online casino may appear to be a safer and more convenient alternative.  It all boils down to personal preference and what is most important to you. Interested in a large number of games in one spot, or do you like to play the same old games in a comfortable environment?

    The fact that you’re having a good time and staying within your boundaries is all that matters. Also, instead of concentrating on beating the house, concentrate on having a good time and making the most of your experience, whether you’re playing online or in person.

  • Anthony Scaramucci-Led SkyBridge Capital Files for Crypto-Focused ETF, Raises $100M for Algorand Fund

    Anthony Scaramucci-Led SkyBridge Capital Files for Crypto-Focused ETF, Raises $100M for Algorand Fund

    Key takeaways:

    • SkyBridge Capital is looking for approval from the SEC for a crypto-focused ETF
    • Skybridge is betting on the long-term success of crypto, having $700 million of crypto assets under management
    • The alternative investment company has raised $100 million for the recently launched Algorand fund

    This year’s SALT Conference, which routinely attracts the biggest names from Wall Street, was hosted by SkyBridge founder and former White House communications director Anthony Scaramucci. At the marquee event, Scaramucci unveiled that SkyBridge Capital has over $700 million worth of cryptocurrency assets under management and that the company put $100 million towards the new Algorand fund. Skybridge has filed for a crypto-centric ETF with the US Securities and Exchange Commission (SEC) on September 14.

    Scaramucci: “Crypto is here to stay”

    In an interview with CNBC, SkyBridge founder implored regulators to act with urgency in regards to new cryptocurrency legislation. Scaramucci likened crypto to Uber as another example of a recently emerged business model that “the regulators wanted to knock out of business,” but to no avail, since the people wanted to use it. Scaramucci is convinced that “Before long, there will be 200 million [cryptocurrency] users in the US.”

    A still from Scaramucci’s interview with CNBC, during which he discussed what he sees in the future of crypto amidst mounting regulatory threats. Image Source: CNBC

    Given these comments, it comes as no surprise that the alternative investment company helmed by Scaramucci has recently filed for an exchange-traded fund (ETF) with the SEC. According to the filing, the fund is designed to gain cryptocurrency exposure via the industry’s leading companies instead of directly investing in digital currencies such as Bitcoin and Ethereum. 

    The most recent development on the US crypto ETF front was the SEC’s postponement of VanEck’s Bitcoin application ruling last week. 

    $100 million USD investment in Algorand’s DeFi fund

    SkyBridge is looking to bolster the decentralized finance (DeFi) ecosystem, which is more than evident from its recent actions. The hedge fund has reportedly raised $100 million that will be put towards the recently announced Algorand fund. On September 10, Algorand Foundation launched a 150 million ALGO fund (worth more than $320 million USD at current market rates) with the intention of fueling the growth of decentralized exchanges (DEXs), money markets, non-fungible token (NFT) platforms, and more.

    While Algorand has shown a pretty lackluster market performance since the fund was announced, the price of ALGO has recently experienced quite an uptick and is up almost 20% in the last 12 hours.

    Buy/Sell ALGO
  • Limited to 20 million USD!! Exclusive TimeCoin (TMCN) Sales Opportunity with the best NFT, DeFi, and Game Player Matching Service

    Limited to 20 million USD!! Exclusive TimeCoin (TMCN) Sales Opportunity with the best NFT, DeFi, and Game Player Matching Service

    TimeCoinProtocol is a decentralized sharing economy protocol that aims to optimize world resource usage. Various applications can be built and run on the TimeCoinProtocol including third-party applications. The project puts a strong focus on the Gig Economy and Creator Economy. The project has issued an original cryptocurrency called TimeCoin(TMCN) which is already listed on BitFrorex, BiKi, and BitMart and is planning to be listed on Binance DEX in November and other major exchanges as well. The project has raised millions of dollars including funding from the parent company, equity investors, and crypto investors. There is a limited number of tokens available for special token sales ending at the end of October.  

    The project is currently focusing on Gig Economy applications such as TimeTicket, GameTomodachi, eSportStars, and VTuber Production, NeoRad. TimeCoin will be used on various applications on the platform.

    TimeTicket is a well-established skill-sharing platform with more than 560,000 users in Japan and it generates several million US dollars in sales. The revenue from TimeTicket has grown more than 40 times over 3 years and the business plans to expand internationally.

    GameTomodachi has been re-engineered from the TimeTicket business model, matching buyers and sellers, but its main focus is games. GameTomodachi is a game player matching application that targets the international market, including the two big markets: India and Indonesia. The application plans to support more than 30 languages and 1,000+ games and will be released in October, 2021.

    GameTomodachi facilitates friendship through games and chats; it’s a great way to get to know other players and make friends who have common interests beyond international borders.

    The users can easily find their ideal game-mates with the easy search options including game titles and service features such as fun chats, video chats and anime voice. In addition, the users can earn money by selling tickets for their chosen entertainment services, such as game playing, cosplay, singing, etc. Utilizing the business model of TimeTicket, it is possible to earn a decent income as some ticket sellers on TimeTicket are already earning about $10,000 per month from ticket sales. Even under the Covid pandemic restrictions, the users can earn money from home by playing their favorite games or teaching gaming techniques as coaches.

    NeoRad Production is a VTuber management service that also targets the global market. NeoRad has supported several VTubers that perform game, anime, and song-related streaming videos. Shirahari Uni was our first VTuber. She has over 100,000 subscribers now. NeoRad has engaged the contracts with other VTubers such as Koizumi Hoshi targeting South East Asia and US audiences.

    The project is planning to offer an innovative DeFi system which is called Creator Sponsor Staking (CSS) along with our NFT marketplace. Fans can increase their TimeCoin holding by 12% after 6 months of staking and 24% after 12 months of staking. The increased portion will be split 50/50 between the fans and the creators. In return for sponsoring, creators will provide memberships with exclusive services, NFT digital items, services and discount coupons.

    TimeTicket GmbH CEO, Masato Kakamu, explained in a recent AMA: “We want to create a place where professional players, creators, and fans can easily earn money which also helps them to better engage with their fans. To extend the GameTomodachi and eSportStars service, we want to offer an innovative GameFi (Game plus DeFi) and eSports mining for participants to earn TimeCoin. The more games users play, the more TimeCoin they will get. Similarly, the more TimeCoin participants own, the better service they can get.”

    The project requires further development, including the implementation of DeFi and NFT functionalities on the TimeCoinProtocol for these applications and VTuber production, and also new funds to support development and marketing costs. The project is planning to create an NFT marketplace where our VTubers and other creators in the world can trade NFT items. This will allow both creators and fans to receive additional tokens, as well as in-game items, art and anime characters traded.

    For this reason, the decision has been made to launch off-market token sales. Investors of TMCN can earn additional income by supporting creators as well.　

    Out of a total of 100,000,000 existing TMCN tokens, 10,000,000 tokens will be sold during the special token sales. Several million dollars-worth of TimeCoin (TMCN) have already been sold and there is a limited number of tokens available for sale.

    It will be possible to purchase TimeCoin in BTC, USDT or ETH via the TimeCoinProtocol.com/sale page, where it is also possible to consult the table of the token release periods. 

    To purchase TMCN, an investor is STRONGLY RECOMMENDED to prepare a private wallet like MetaMask. (An investor is NOT recommended to purchase TMCN using a crypto exchange account.)

    Subscribe to the TimeCoinProtocol Telegram to earn TMCN Free Rewards and buy TMCN.