Pavel Durov, the creator of Telegram, is dedicated to a visionary future for the messaging app, utilising The Open Network (TON) blockchain to extend capabilities and roll out the latest digital innovations. He underlined Telegram’s dedication to advancing freedom, privacy, and decentralised technology in his statement at the Token2049 conference in Dubai.

New Features: Stickers and Emojis and Revenue Sharing

Telegram has revealed intentions to use the TON ledger to have emojis as tokens and stickers on the app. This calculated action comes after a profitable trial of tokenising user namespaces that brought in over $350 million in revenue. Emojis and stickers that have been tokenised might change how people engage with media by giving them access to exclusive, marketable digital records.

Telegram just revived the NFT narrative: tokenized Telegram stickers.The Open League competition for Telegram sticker creators coming soon. pic.twitter.com/oWtMCZoosv

— steveyun.ton (@steveyun_ton) April 19, 2024

Among the most noteworthy aspects of the press release is the profit-sharing mechanism for the authors. By providing channel administrators and authors who use the TON network half of the income from channels and advertisements, Telegram hopes to deepen its relationship with its users, as opposed to other social media platforms, which provide information about users for sale to advertisers. By offering one of the largest programs in social media history, Telegram is proving that it is committed to supporting its users and content creators.

Telegram effectively became a Create-to-Earn platform. pic.twitter.com/LhW76eAqNj

— steveyun.ton (@steveyun_ton) April 19, 2024

The Open Network (TON) and Blockchain Integration

An important component of Telegram’s ledger approach is The Open Network (TON). TON was once created by Telegram, but a legal dispute with the US SEC led to its transformation into an open-source project. Since its founding in May 2021, the TON Foundation has spearheaded the company’s expansion.

TON’s scalability—it can handle tens to hundreds of millions of operations in the future—is a big benefit. In order to manage the growing amount of operations as Telegram rolls out new features and grows its blockchain-based services, this flexibility is essential.

At #Token2049, Telegram CEO @durov made even more crypto announcements, including that @Telegram creators will now be able to be tipped in crypto on #TON, with 70% of tips going to creators.1/3 pic.twitter.com/cx1akMFDB9

— Decrypt (@decryptmedia) April 19, 2024

Tether stated the introduction of Tether Gold (XAUT), a stablecoin supported by gold, and USDT on the TON network after Durov’s speech at Token2049. This partnership with Tether demonstrates how TON is becoming more widely accepted and an opportunity for the growth of Telegram’s economy. Stablecoins’ incorporation into TON expands the network’s usefulness by giving users access to widely recognised and reliable virtual money for payments.

We are making history!TON + Telegram + Tether pic.twitter.com/VXz4vljUHt

— andrew.ton (@rogozov) April 19, 2024

Addressing In-App Purchase Limitations

The restrictions placed on transactions within the app are also addressed by Telegram’s network interface. Telegram may reduce these limitations by utilising a blockchain platform, giving developers and retailers more freedom. For the purpose of making the selling of tangible items and services easier, the platform has integrated forty payment agents. Telegram is able to get beyond the limitations of conventional app ecosystems because of this strategy.

The post Telegram Announces Ambitious Blockchain Integration with TON, Tokenising Stickers and Emojis to Boost User Interaction appeared first on Metaverse Post.

As OpenAI prepares to put out GPT-5, its next-generation large language model (LLM), the AI ecosystem is excited. While OpenAI has kept specific details under wraps, early impressions from enterprise customers suggest that GPT-5 represents a significant step forward. According to the Business Insider anonymous sources, the potential launch could happen in the middle of 2024

Safety Testing and Red Teaming Could Affect Launch Timeline

Although training for GPT-5 was reportedly completed in 2023, OpenAI is in the process of rigorous safety testing, including simulated attacks known as “red teaming.” This critical phase ensures the model’s security and robustness before public release, which might push back the anticipated launch date. OpenAI CEO Sam Altman remains vague about specific timelines, indicating that thorough safety assessments take precedence over a rushed release.

When asked for comment, the company provided no definitive answers, instead offering snippets from Altman’s recent interview on the Lex Fridman podcast. In that conversation, Altman suggested that OpenAI might release a new model this year, but whether it will be labelled “GPT-5” or something else is uncertain. The mention of other major updates before a full GPT-5 release adds to the ambiguity.

The Potential for Expanded Multimodal Capabilities

Given GPT-4’s multimodal nature, with its ability to process both text and images, speculation is rife that GPT-5 could expand on this foundation. Some insiders hint at new features like AI agents capable of performing tasks independently. This would mark a significant leap, allowing GPT-5 to operate across various media types and interact with users in even more complex ways.

The GPT-4 was criticised heavily for its propensity to produce “hallucinations” or erroneous answers. With improved deep learning algorithms and a wider variety of training datasets, GPT-5 is anticipated to resolve this problem. This upgrade may increase GPT-5’s accuracy and dependability, making it more suited for important uses, including real-time interactions, factual content generation, and customer service.

Greater Contextual Understanding and Customisation

GPT-5 promises improved contextual understanding, enabling more meaningful interactions and personalised responses. The model’s design aims to adapt to the flow of a conversation, providing responses that are contextually relevant. This upgrade in contextualisation could benefit a wide range of applications, from customer service chatbots to interactive AI companions.

GPT-5’s anticipated multilingual capabilities could be a game-changer, allowing it to operate across a broader range of languages. This would enable global businesses to interact with customers in their native languages, enhancing customer engagement and satisfaction.

While OpenAI remains discreet about specifics, the expectations for GPT-5 are high. Its potential to redefine AI’s boundaries, reduce errors, and expand its functional range is exciting for developers and users alike. If all goes according to plan, GPT-5 could launch by mid-2024, marking a new chapter in AI technology.

The post GPT-5 Safety Testing and Red Teaming Could Delay the Model’s Release Beyond Summer 2024 appeared first on Metaverse Post.

Philippine Securities and Exchange Commission (SEC) sent separate letters to technology companies Apple and Google, urging them to remove applications offered by the global company running the cryptocurrency exchange Binance from the local Apple App Store and Google Play Store.  

Emilio B. Aquino, Chairperson of the Philippine Securities and Exchange Commission, commented on the agency’s decision, highlighting the potential risk to the security of funds held by Filipino investors through continued access to the Binance websites or applications. He emphasized that the sale or offer of unregistered securities to Filipinos, along with operating as an unregistered broker, constitutes a violation of Republic Act No. 8799, also known as The Securities Regulation Code. 

Emilio B. Aquino said that removing and blocking Binance applications aims to prevent the further spread of its illicit activities within the country and safeguard the investing public from any adverse effects on the economy.

Philippine SEC Signals Concerns Over Binance Regulatory Compliance

As early as November last year, the Philippine Securities and Exchange Commission cautioned the public about investing in and utilizing Binance. Additionally, the agency initiated an examination into the potential blocking of Binance’s website and other online platforms within the Philippines.

In March, the regulatory authority reiterated its efforts to impede access to the largest cryptocurrency exchange by daily trading volumes. This action was taken due to the platform lacking the necessary regulatory license to operate within its jurisdiction. The authority also sought assistance from the National Telecommunications Commission (NTC) in blocking web pages associated with Binance.

The commission further voiced disapproval of the platform’s practice of conducting promotional campaigns through social media to lure local investors, pointing out the absence of regulatory approval for such activities.

Following the announcement, Binance users within the country hurried to withdraw their funds from the exchange. Consequently, vendors began offering Tether’s USDT at a discount ranging from 5 to 7%. Retail customers faced substantial on-chain fees for trading digital assets or when transferring them to other wallets or exchanges.

The post Philippine SEC Requests Removal of Binance From Local Apple and Google App Stores appeared first on Metaverse Post.

SubDAO organization offering liquidity restaking services created by the multi-chain yield protocol Magpie, Eigenpie (EGP) revealed it has integrated with the ETH staking network ssv.network (SSV), enabling the provision of ETH native restaking services.

Utilizing Secret Shared Validator (SSV) technology, ssv.network enhances security, reliability, and decentralization for validators by distributing validator keys across multiple nodes. The SSV token functions as the native currency of ssv.network. Its functionality includes serving as payment to reward operators for overseeing their validators and enabling participation in decision-making processes and treasury allocations within the ssv.network ecosystem.

Through restaking ETH directly via Eigenpie, users can unlock various rewards, such as passive income generated from native staking, rewards in SSV tokens, and restaking yields, while accumulating Eigenlayer Points, which provide eligibility for EGP Airdrops and a $3,000,000 FDV IDO allocation.

Stakers of native ETH will be granted egETH tokens by Eigenpie upon choosing to restake natively via the Eigenpie platform. Furthermore, holders of egETH will have the opportunity to gain double Eigenpie Points.

egETH functions as a liquid restaking token (LRT) developed by Eigenpie specifically for native restakers and is independent of other assets.

We are excited to announce our upcoming integration with @ssv_network, igniting a new era of ETH Native Restaking.Pioneering cutting-edge Secret Shared Validator (SSV) technology, @ssv_network ensures unparalleled security, reliability, and decentralization for validators by… pic.twitter.com/QtTSelqy8Z

— Eigenpie (@Eigenpiexyz_io) April 23, 2024

Eigenpie Integrates Chainlink CCIP For Cross-Chain LRT Transfers

Eigenpie facilitates the restaking of ETH liquid staking tokens (LSTs) via the EigenLayer. As a liquid restaking service for Ethereum, its mechanism offers users to transform liquid staked ETH tokens to isolated liquid restaked ETH tokens, generating restaked versions of ETH LSTs. As a result, users can earn passive income from Ethereum staking and EigenLayer revenue concurrently avoiding the required lockup period.

Recently, the project has incorporated Chainlink CCIP (Cross-Chain Interoperability Protocol) across its mainnets on Arbitrum and Ethereum networks. This integration utilizes CCIP’s Simplified Token Transfer capacities to facilitate cross-chain transfers of its liquid restaked tokens (LRTs).

The post Magpie’s SubDAO Organization Eigenpie Integrates SSV.network To Offer ETH Native Restaking appeared first on Metaverse Post.

We had a chance to talk with Jonathan Solomon, Co-Founder and co-CEO of ARIA Algorithmic Ratings & Investment Analysis, coming to you from TOKEN2049, one of the premier crypto and blockchain industry events. Jonathan and his team have developed a platform that centralises and simplifies crypto data analytics, addressing the inherent complexity in the industry. Here, we explore Jonathan’s inspiration for creating ARIA, how the platform bridges the gap between traditional finance and crypto, and what makes their approach unique in terms of rating and analysing cryptocurrencies. 

What inspired you to create ARIA?

ARIA, at first, is a financial data analytics platform. After I launched a crypto fund a few years ago, I realised how complicated it was to research crypto. First of all, I went into the white papers, and the language there was very technical, as for the guy from traditional finance. Then I went over some on-chain data, some off-chain data, the news, the charts, everything. I ended up with ten subscriptions at ten providers. Then, the idea of ARIA was born because we needed to centralise all this information for investors and to help them understand crypto.

There are two prominent families in crypto: the financials and the tech. Each one doesn’t really understand the other. The tech language is tough to understand for financials. The financial language is tough for tech to understand, so both need each other. One of ARIA’s goals is to reconcile both families.

Can you elaborate on how ARIA simplifies the complexities of the crypto market for both novice and experienced investors?

We decided to put all the tools a crypto investor needs in this platform to make his own decisions, and we don’t give any investment advice. We just provide the investors with all the tools they need to make their decisions.

We have a Cryptopedia, which is an encyclopedia of crypto, where we describe all the cryptocurrencies using words that are very easy to understand. We’re trying to use as little technical language as possible because we consider that for an investment to be legitimate, it needs to be understood by investors.

On the other hand, there is all this financial language, ratios and technical language. Same thing that people who are not coming from traditional finance may not understand. Sharpe ratio, Sortino ratio, annualised volatility, etc. We describe them with very easy-to-understand words and explain to our users how to use and interpret these ratios.

As you are from the traditional finance industry, can you explain how your platform for crypto analytics is different from the traditional ones?

We have adopted all the products for crypto investors. It’s the same because we centralised all the information in one platform. There are some platforms like this in traditional finance, but we really made the platform tailor-made for crypto investors. Inside the platform, there are products that are really crypto-focused. We’re not trying just to copy-paste what has been done in traditional finance.

As the platform has not been launched yet, have you done benchmarking with your competitors?

Of course, we have competitors, but there are two sides to our platform. The first side is the data analytics platform, where we have competitors doing a great job. Some are focused on on-chain data, some are focused on off-chain data, and some are news aggregators. But as far as I can see, we did a great job centralising all of this. 

Another important thing is that we have this culture at ARIA where we’re not fighting against our competitors. We’re not trying to be better than your competitors and better than this one and better than this one. Our goal is to create value for our users and not to fight against competitors. So what is important is what the user will want, the feedback we will have, and we will take the direction the users are asking.

We really are working for our users. And on the other hand, there is the other side of the platform, which is the crypto rating agency. And the rating agency, we are actually the only ones in the market using all these metrics to rate the cryptos globally.

How does ARIA’s machine learning model identify and highlight impactful news for users, and what advantages does this provide in terms of staying ahead in the market?

We are using more than 35 metrics to rate all the tokens above the $500 million market cap. These 35 metrics are used to rate five main categories: the tokenomics, the regulatory and security risk, the governance, the adoption, and the performance of each crypto. 

How does it work? We are plugged by API to different providers, so we’re using only public information. Then, the data is sent to an algorithm we created using our own methodology. So, it’s a proprietary algorithm and a proprietary methodology. The algorithm processes all this data to take out a rating for each crypto. The ratings are going from AAA to junk. We kept the same standard, the traditional finance. 

Do you need any human intervention for the analytics processes?

The entire process is fully automated, so there’s no human intervention in the rating. The only part where there’s a human intervention is in the collection of off-chain data. Here is some information: the SEC recently decided to sue Uniswap. It’s information that came from news that we can’t collect automatically.

So yes, we have a person who’s taking care of collecting the off-chain data. Then, this information is sent the same way to the algorithm and treated the same way by the algorithm.

What do you think will be the overall community reaction to such a platform? Maybe some people would consider it unfair to simplify risk management. 

People may think it’s fair or not, but we are trying to differentiate it from traditional finance. There was a scandal in 2008 with Moody’s, S&P, and the traditional rating agencies, where they decided to rate some very risky products, to rate them AAA, and there was a big scandal. We want to avoid this scandal and prove that crypto is different from traditional finance and that we can have a very transparent and reliable rating without human intervention. 

On the other hand, once again, we don’t provide any investment advice. The fact that crypto is rated AAA doesn’t mean that you should buy it. And the fact that it’s rated junk doesn’t mean that you should sell it. It just tells you the risk of each crypto. Depending on your risk profile, you may decide to invest in investment-grade cryptos or speculative cryptos. 

Do you plan to add new features before or after the launch? 

We are launching seven different features and seven different products in a few weeks. We have a news aggregator where we aggregate more than 50 sources of information. We have a portfolio tracker where you will be able to aggregate all your portfolios. So, if you have some tokens at Binance, Kraken, or Coinbase, you will be able to aggregate all these portfolios into one portfolio at ARIA and see all your holdings. 

There is a portfolio simulator where you can simulate a portfolio that corresponds to your risk profile. So, you will be able to communicate your risk profile if you’re a more speculative investor or less speculative. Then, it’s going to simulate a portfolio that looks like you and is good for you.

We have a charting tool, of course, for technical analysis. We have the rating tool. Also, I’ve already mentioned our Cryptopedia, so yes, we’re starting with this, and then we are waiting for our users’ feedback to develop other products.

The post ARIA Co-Founder Jonathan Solomon Unveils Innovative Crypto Analytics Platform Bridging the Gap Between Traditional Finance and Crypto appeared first on Metaverse Post.

singapore, singapore, April 23rd, 2024, Chainwire

As a leading force in the cryptocurrency market, WEEX Exchange is poised to significantly elevate its ecosystem with the introduction of its exclusive proprietary token, the WEEX Token (WXT), scheduled for release this upcoming summer.

What is WEEX: Introduction

Since its establishment in 2018, WEEX has rapidly emerged as a leading force in the cryptocurrency exchange domain, offering robust, intuitive, and comprehensive trading solutions. Boasting over 2 million users worldwide, WEEX provides an extensive array of trading options, including spot and futures trading, along with innovative features such as copy trading. This positions WEEX as an all-in-one platform, enabling seamless transactions across a wide variety of digital assets.

Introducing WEEX Token WXT: The Token at the Heart of WEEX

In its continuous effort to enhance platform utility and user engagement, WEEX has introduced WXT, the token of the WEEX ecosystem, operating under the ERC-20 standard on the Ethereum blockchain. WEEX Token (WXT) is designed as the cornerstone of the WEEX ecosystem, serving as a dynamic incentive mechanism to reward the partners, contributors, pioneers, and active members of the WEEX exchange community. WXT is not merely a token, but a foundational element designed to enrich the community engagement and reward system within the WEEX exchange.

Dynamic Incentive Mechanism

WEEX WXT stands as a dynamic incentive, acknowledging and rewarding the contributions and active participation of the WEEX community members. This innovative approach is set to transform interactions within the platform, ensuring that contributions and engagement are duly recognized and rewarded.

WXT’s Technological Assurance: Audit and Security

The security and integrity of WXT hold paramount importance. A comprehensive audit by BEOSIN, a leading Web3.0 smart contract audit firm, has affirmed the WXT smart contract’s robustness, network security, and risk management protocols, guaranteeing its safety and scalability for broader adoption.

Exclusive Benefits for WXT Holders

Holding WXT opens the door to a plethora of exclusive benefits designed to enrich the trading experience on WEEX：

Futures Fee Discounts: Holders enjoy a 20% discount on trading fees with Futures Pro.

Referral Bonuses: An enhanced commission rate for those who bring new traders to the platform.

Copy Trader Benefits: Additional profit-sharing for those participating in copy trading.

Exclusive Interest Benefits: Opportunities to earn additional interest and rewards.

Exclusive Airdrop Rewards: Access to unique airdrops and promotional rewards.

WEEX WXT Supply and Distribution

WEEX WXT has a total supply of 10 billion, with an initial circulation of 3.9 billion. The distribution and release schedule for WXT are as follows:

Investor Protection Fund: 1.5 billion WEEX WXT (15%) are reserved to compensate users for losses not caused by their own fault, ensuring secure and worry-free trading.

WXT Ecosystem Fund: 1.5 billion WEEX WXT (15%) dedicated to supporting project incubation, aiding the growth of startups, and promoting Web3 technological innovation.

Private Sale: 500 million WEEX WXT (5%), locked for one year with a linear monthly release post-lockup, to reward WEEX exchange partners for their growth and shared success with the platform.

Holding Incentives: 1.5 billion WEEX WXT (15%), releasing 3% annually over five years, to reward investors for holding WXT, staking, and mining, recognizing their contributions to the WXT ecosystem and network.

The remaining 5 billion WEEX WXT (50%) support the ongoing development of the WEEX exchange ecosystem, including:

Team Incentives: 2 billion WEEX WXT (20%), locked for one year, with 2% released every six months over five years, to attract and retain top talent in the Web3 industry and motivate the team to achieve WEEX’s key objectives and long-term strategic goals.

User Acquisition and Retention: 1.5 billion WEEX WXT (15%), releasing 3% annually over five years, to ensure user growth and achieve key milestones in market expansion.

Brand Building/KOL Partnerships: 1.5 billion WEEX WXT (15%), releasing 3% annually over five years, for brand development alliances and partnerships with top KOLs in the Web3 industry, enhancing the visibility and transparency of WEEX and WXT.

Exclusive Holder Benefits

To achieve ecosystem incentives and share development benefits with the community, WXT has been crafted as a utility token with a wide range of planned uses and empowerment mechanisms:

– Launchpad: Holding WXT grants access to exclusive airdrops from projects considered promising by the WEEX WXT team.

– Exclusive Holder Benefits: These include discounts on trading fees on the WEEX platform, higher commission rebates, VIP privileges for holding certain amounts of WXT, greater profit-sharing ratios for lead traders, earning interest on held WEEX WXT, exclusive airdrops from marquee projects, and voting rights in coin listings.

– Deflationary Mechanism: WEEX Exchange will opportunistically initiate a WXT buyback and destruction program.

How to Get WEEX Token WXT?

The WXT presale is available exclusively to affiliates of WEEX, and will include a limited-time discount for participating members. [Users can apply to become a WEEX Affiliate here]

Other users can earn WXT through new user registrations, transaction mining, and participation in many of the upcoming WEEX events and activities.

Looking Ahead: WEEX and WXT’s Impact on Crypto Trading

With the launch of WXT, WEEX is not just releasing a token; it’s enhancing its ecosystem to provide even more value to its loyal users. The WEEX WXT team is optimistic that this initiative will attract a broader audience, fostering greater community engagement and solidifying WEEX’s position as a major competitor in the crypto exchange landscape.

WEEX is integrating WXT to introduce new features to crypto trading, aiming to provide a token that facilitates trade and rewards participation and loyalty within the platform.

For more information and regular updates on WXT and other offerings, traders and crypto enthusiasts are encouraged to visit the official WEEX website. As the launch date approaches, the crypto community anticipates how WXT will shape the future of trading on WEEX.

About WEEX

WEEX stands out as a trailblazing cryptocurrency exchange, founded in 2018, and is celebrated for its security-focused approach and user-friendly trading platform. Licensed by both the US and Canadian MSBs, WEEX operates within strict regulatory frameworks, presenting traders with an extensive array of coins and trading pairs. This includes Spot 116 and Futures Pro 176, with more than 5 new pairs being listed daily. As a security-focused and user-friendly cryptocurrency futures trading platform, WEEX is devoted to enhancing the trading journey, offering a range of services designed to suit traders at all levels. Among these services are low-fee futures trading, zero-fee spot trading, and the option to use up to 200X leverage on derivatives. The platform’s steadfast commitment to user safety and its position as a versatile choice for traders globally in the ever-evolving cryptocurrency market solidify its reputation as a leading exchange.

Users can sign up for a WEEX account here: https://www.weex.com/register  

Users can visit WEEX Official Website: https://www.weex.com/  

Media Email: felicia@weexglobal.com  

WEEX Customer Support: support@weex.com  

Trading Quant & MM: bd@weex.com

Contact

FeliciaWEEX Exchangefelicia@weexglobal.com

The post WEEX Exchange Unveils WXT Token to Enhance Ecosystem and Reward Community Engagement appeared first on Metaverse Post.

Project focused on shared security within distributed systems, Othentic, announced it raised $4 million in a seed funding round, led by venture capital firms Finality Capital Partners and Breyer Capital, accompanied by contributions from Coinbase Ventures, HashKey Capital, Collider Ventures, BanklessVC, Robot Ventures, Everstake, PUNK DAO, alongside numerous angel investors. The injection of new funding will enable the firm to bolster its development initiatives.

Othentic aims to facilitate the development of distributed computation services by offering a self-deploy infrastructure to spin up systems with shared security. The Othentic Stack manages and simplifies this shared security framework, enabling AVS developers to self-deploy customized computational services within trustless execution environments. Additionally, it facilitates the creation of a network of Operators capable of running arbitrary compute tasks.

An AVS, or Autonomous Verification System, encompasses any system that necessitates its unique distributed validation semantics for verification purposes. It includes sidechains, data availability layers, novel virtual machines, keeper networks, oracle networks, bridges, threshold cryptography schemes, and trusted execution environments.

Furthermore, Othentic emphasizes that the Othentic Stack is an evolving system. As development progresses, new modules will be incorporated, providing developers with additional options to plug in and configure.

1/ We’re thrilled to announce our seed funding led by @FinalityCap and @BreyerCap as we work towards facilitating the creation of innovation on @eigenlayer and @babylon_chain! pic.twitter.com/JssAWxq70j

— Othentic (@0xOthentic) April 22, 2024

Framework For Stateless Rollups: Pioneering Decentralized Compute Scalability

The project works on a framework for stateless rollups, representing a promising approach to decentralized compute scalability as it offers a flexible and secure environment for conducting off-chain computations. Stateless rollups function as computing networks that deliver services to various blockchains or applications, independent of constraints imposed by any particular chain. This framework enables the development of co-processors, zero-knowledge (ZK) provers, privacy-focused computations, decentralized order books, AI inference networks, and systems for the prevention of security breaches, among other services.

Using a library of pre-built elements designed for production, AVS developers can concentrate on their main services, reduce the need for extensive engineering work, and hide the complexities of low-level implementations and potentially problematic infrastructure details.

The post Othentic Raises $4M Funding From Breyer Capital To Advance Development Of Modular Networks In Shared Security Environment appeared first on Metaverse Post.

The decentralised Ethereum protocol EigenLayer presents a novel idea known as “restaking.” It tackles a few of the most important difficulties that programmers run into when creating DApps on the Ethereum network. EigenLayer allows Ether (ETH) holders to “restake” or transform their ETH holdings to further secure other network applications. This creates a pooled security system that expands Ethereum’s consensus to cover new protocols. This creative method contributes to the creation of an integrated Ethereum system and increases crypto security.

How Does Restaking Work?

People can use restaking to increase their earnings from staked Ethereum while also enhancing the platform’s security and services. In order for EigenLayer to function, users must choose to activate smart contracts that use their staked ETH for extra security measures. These transformed assets offer a security layer that these applications can rely on and can be used to validate various infrastructure options.

In the conventional Ethereum proof-of-stake model, users who stake their ETH usually get a liquid staking token (LST) that represents the assets they have staked. Through a procedure called “LST restaking,” users of EigenLayer can use these tokens for restaking, which keeps them earning rewards for staking while also securing other applications.

By a technique known as “native restaking,” EigenLayer further enables users to restake their ETH that has already been staked. Users who engage in the native process enable EigenLayer to stake their ETH in more apps, expanding the security pool available to other DApps.

Benefits and Drawbacks of EigenLayer

The restaking idea from EigenLayer has a number of noteworthy benefits, such as increased security, more passive income streams, and higher developer success rates. Restakers have the opportunity to profit from more substantial returns while bolstering the security of the Ethereum ecosystem because they can receive rewards from both conventional staking and restaking via EigenLayer. EigenLayer can also encourage the development of creative projects by lowering the cost of bootstrapping new security networks by offering a shared security pool.

Still, there are drawbacks to take into account. While the reduced risks connected with restaking might increase the financial hazards for players, the additional complexity of restaking may make it more difficult for less technical users to get started. Restakers need to be cognizant of the additional dangers and vulnerabilities brought about by restaking, since they are vulnerable to new cutting circumstances via EigenLayer.

Using EigenPods for the Portfolio Management

EigenLayer uses EigenPods, which are smart contracts, to provide a simplified asset management solution. For the purpose of managing their restaking procedures, including deposits, withdrawals, and other associated operations, restakers can utilise these smart contracts as a central hub. Restakers may conveniently manage their assets and keep track of their network contributions with EigenPods.

Retaker points are awarded according to the number of retaken assets and the duration of their lockdown. Depending on the kind of withdrawal, there are different gas fees and escrow periods associated with both partial and complete withdrawals of staking rewards.

The Effect of EigenLayer on the Security Model of Ethereum

It tackles a few of the security issues that the Ethereum environment has by nature. EigenLayer lowers the danger of fragmented security and the possible vulnerabilities associated with smaller security pools by offering a uniform security pool through restaking. A more resilient Ethereum network with fewer points of failure and a greater barrier to entry for malevolent actors may result from this unified approach to security.

The post How EigenLayer’s Free-Market Governance Model Is Changing Ethereum’s Security Landscape appeared first on Metaverse Post.

Developer behind the Celo blockchain, cLabs put forward a proposal to migrate Celo from Layer 1 network to a new Layer 2 solution built on Optimism’s OP Stack.

Celo highlighted that leveraging the OP Stack provides a straightforward path to deploy a Layer 2 solution without compromising the Celo community’s requirements.

Having the chance to build the Celo Layer 2 network on the OP Stack will uphold Celo’s distinctive attributes, such as maintaining the 1-block finality, low gas fees, and the utilization of ERC-20 tokens, such as Celo-native USDT and USDC, as gas currencies. Moreover, functionalities like sending money to a phone number or email address via SocialConnect will also be retained.

The decision to transition Celo from its existing Layer 1 network to an Ethereum Layer 2 was confirmed after obtaining community approval through a governance vote in the previous year. Subsequently, cLabs has been assessing and experimenting with various solutions such as Polygon CDK, Arbitrum Orbit, ZK Stack, and OP Stack.

It's time to CELOBRATE: #CEL2 & 4 Years of Celo Mainnet Today is the 4th anniversary of Celo mainnet's launch on Earth Day 2020! To mark the occasion, @cLabs shares its stack suggestion for Celo's transition → an Ethereum L2Hello, @Celo x @Optimism ↓ pic.twitter.com/MpoM24i7Dl

— Celo (@Celo) April 22, 2024

Celo is a mobile-first, blockchain compatible with the Ethereum Virtual Machine (EVM). The project raised $30 million in funding in 2019 from leading venture capital firms such as a16z and Polychain Capital. Subsequently, it concluded another funding round of $20 million in 2021.

OP Labs Prepares For Celo Layer 2 Testnet Deployment

The primary contributor to the Optimism ecosystem, OP Labs provides developers with a development software stack called the OP Stack, facilitating the launch of their Layer 2 blockchains. The firm intends to deploy a testnet for the Celo Layer 2 during the summer of 2024, following another round of community voting.

This migration to the Optimism ecosystem represents a move towards integrating Celo into Optimism’s broader Superchain ecosystem, which includes OP Mainnet, Base, Zora, Mode, and other components.

OP Mainnet and other chains within the Optimism ecosystem utilize a scaling solution known as optimistic rollups for their operations. This technology aggregates Ethereum transactions on a secondary off-chain layer, enabling more cost-effective transaction processing to tackle scalability challenges on the Ethereum network.

The post Celo Developer cLabs Proposes Launch Of Its Ethereum Layer 2 Solution On Optimism’s OP Stack appeared first on Metaverse Post.

Interoperability layer ICON announced that its cross-chain decentralized exchange (DEX) and lending platform Balanced has been integrated with the Injective blockchain.

Balanced operates as a decentralized protocol at the core of the Balanced Dollar stablecoin, bnUSD, and includes an exchange designed to serve all blockchains linked to the ICON Network.

After the integration, ICON will initiate the regular acquisition of Injective’s native token, INJ, as a component of the network’s liquidity pool (NOL). The NOL facilitates liquidity on Balanced DEX, allowing for cross-chain transactions with minimal price impact.

Balanced NOL allocation will undergo adjustments, with INJ receiving the highest allocation. An interface for trading the INJ-bnUSD pool is anticipated to launch shortly. Once the interface is operational, users can transfer their INJ tokens from ICON to Injective. Presently, users are advised to conduct Injective trading directly on the ICON platform.

@BalancedDAO has successfully integrated with @injective Cross-Chain liquidity will be enhanced through @helloiconworld's Network Owned Liquidity.ICON's Weekly Acquisitions of $INJ have begun pic.twitter.com/TyKJlAbawq

— ICON – Connecting Blockchains (@helloiconworld) April 22, 2024

ICON is designed to enable interactions among autonomous blockchains, which are often referred to as communities. In the ICON ecosystem, a community represents a network of nodes adhering to a unified governance structure.

Balanced entered into a collaboration with ICON to bolster its cross-chain DeFi protocol functionalities earlier this year. As part of the collaboration process, an economic enshrinement strategy was implemented. This strategy leverages network-layer inflation to incentivize behavior within an application. In return, the application allocates 50% of its revenue to purchase and burn the network token.

Injective Enhances INJ Token’s Deflationary Features

Functioning as an interoperable blockchain platform aimed at enabling the development of sophisticated Web3 financial applications, Injective enables developers to access a variety of customizable modules, such as a decentralized orderbook, binary options, and real-world asset (RWA) module, which empower them to create a diverse array of intricate applications.

Recently, Injective has proposed a reduction in the on-chain parameters associated with the creation of new INJ tokens, with the aim of enhancing its deflationary characteristics. By decreasing the inflation rate bounds of the INJ token, Injective seeks to position it as one of the most deflationary cryptocurrency assets, potentially rivaling Bitcoin in this aspect. This adjustment bears similarities to Bitcoin’s halving events.

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Grand Cayman, Cayman Islands, April 22nd, 2024, Chainwire

Alibaba Cloud, AngelHack and dWallet are among the latest supporters for the global event.

Sui, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, has seen funding for Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui, double in recent weeks with enthusiastic supporters contributing funds. 

Initially set at $500k, after a groundswell of support from external backers, Sui Overflow’s funding pool has ballooned to $1,000,000. The sizable rewards pool is drawing builders from around the world to build projects on the Sui network and demo them to a panel of judges. Among the categories eligible for prizes are Consumer & Mobile, Infrastructure & Tooling, Gaming, and DeFi. Developers will also be encouraged to leverage specific technologies from the Sui ecosystem such as zkLogin, Advanced Move Features, Randomness, and Multi-chain capabilities.

Sam Blackshear, Co-founder/CTO of Mysten Labs and creator of the Move smart contract language, said, “Sui Overflow offers both new and experienced developers a chance to show off their Move skills and experiment with powerful Sui primitives like zkLogin, sponsored transactions, kiosk, DeepBook, and native randomness. Some of Sui’s top projects were born in previous local hackathons, so I am genuinely excited to see what the first global hackathon will produce.”

Past Sui-sponsored hackathons have been fertile ground for projects that began as hackathon entries but subsequently grew into sustained businesses on the network. Scallop began at Sui’s Seoul Builder House in June 2023 with a small team of developers that garnered first prize at the event. Today, Scallop has $117M in TVL and is one of the preeminent DeFi protocols on Sui. Navi Protocol is another of Sui’s “Hackathon Heroes.” A month after Scallop, the Navi team emerged, winning gold in the DeFi and Payments category at the Sui X KuCoin hackathon. Navi now has over $130M in TVL and is another leading DeFi protocol on Sui. 

In addition to support from title sponsor dWallet Labs, the hackathon will be sponsored by Elixir Capital, Alibaba Cloud, Comma3 Ventures, MoveBit, Scallop, GSR, Supra, Wormhole, AngelHack, Pyth, Ryze Labs and ZettaBlock. The awards presented in Sui’s hackathon for every category are as follows: $30,000 for first place, $15,000 for second, and $7,500 prizes each for two additional runner-ups. 10 $2,500 University Awards and 10 $2,500 Community Favorite Awards will also be awarded during the hackathon. Moreover, contestants are not limited to a single category. Individual teams can participate simultaneously in multiple tracks, stacking awards in excess of $100,000. Additionally a number of projects in the Sui ecosystem are offering their own separate bounties, adding even more ways for great projects and great teams to benefit.

With the doubling of funding to $1 million, Sui Overflow participants will now be eligible to receive accelerated Sui Foundation Grant Funding along with other benefits including audits and credits to support the successful launch of their projects after the hackathon is completed.

“The homegrown projects that spring from developer meetups and hackathons like Sui Overflow are an essential part of the lifeblood that will sustain the Sui ecosystem into the future,” said Greg Siourounis, Managing Director of the Sui Foundation. “The impact of Overflow has been strengthened substantially by the overwhelming support from the Sui community, which has enabled us to expand the potential rewards beyond our planned tracks to benefit the most promising projects with prudent funding, audit credits and selected accelerated grants.”

“Sui Overflow is more than an event; it’s the starting point for our brightest future blockchain innovators,” said Omer Sadika, Co-Founder of dWallet Network. “We are excited and honored to work together with all of the partners involved and look forward to the results that will come out of this hackathon.”

Users can apply, developers can register on the Sui Overflow portal and find all the further information. For regular updates, everyone is encouraged to join the Overflow Discord Server.

Registration Period: April 21 – May 31

Virtual Demo Day: June 15; 

Announcement of winners: Late June 2024

Contact

Sui Foundationmedia@sui.io

The post Sui Overflow Hackathon Funding Pool Balloons to $1,000,000 as New Sponsors Join appeared first on Metaverse Post.

If there’s any coin that has garnered attention from investors post-halving, it’s the Bitgert Coin. With the Bitcoin halving happening, before the biggest bull run yet, there would be a slash in price and investors looking to mitigate risk and make smart decisions will search for where they can make a profit. That’s where the Bitgert coin comes in. 

Not just your average coin, the Bitgert (BRISE) has the potential to become the next “Bitcoin”. Leveraging on blockchain technology to solve problems, this project has provided real utility and sustainable solutions.

Let’s have a look at why the Bitgert coin is blowing up.

Bitgert: The Crypto Project Making Waves

The Bitgert (BRISE)is an early crypto project launched in July 2021. This coin has lived up to its hype and it’s on the verge of an upward trend post halving. This is because it has grown across various sectors in the crypto ecosystem. Since its launch, it has been on a bullish momentum, and even with the market corrections, it hasn’t shown any signs of stopping.

Blockchains like Ethereum, Cardano, and Solana often suffer from slow speeds and high gas fees. However, Bitgert uses a Proof of Authority mechanism that can often process over 100,000 transactions per second (TPS) with near-zero gas fees. This has made it a top player in the crypto market. It can arguably rival its competitors. These features have made trading easier for its users. 

There’s much potential for a higher return on investment with Bitgert. It has been on a steady increase since its launch for months now. Overall it has accumulated a reward of about 40,000% and has brought returns for early investors.

BRISE Coin: The Burn Rate That Keeps on Giving

The Bitgert coin, BRISE, has been able to provide steady profit for its investors. During the market correction, while altcoins were declining, the token earned over a 70% increase in pricing.

The Bitgert token uses a deflationary mechanism, where a certain percentage of the coin is burnt on each transaction. This reduces supply and increases demand. The market performance has also being at a steady strong point. Technical indicators like the RSI over 55 which shows a strong buying point for the Bitgert coin. 

The Bigert coin is currently on a steady momentum and with the halving, it’s only going on an upward trend with a predicted price of 12x its current price. 

The best time to hop on the Bitgert train is now. This is one project that has the potential to turn an investor $100 to $1,000,000 in a couple of months.

To learn more, visit Bitgert.

The post Bitgert Coin’s Path to Success After Bitcoin Halving appeared first on Metaverse Post.

Crypto investment is getting popular lately because of its potential to make investors financially free within a few months. BEFE coin is a leading strategy to become financially free on your crypto investment. 

The BEFE coin is a crypto meme coin project that is gradually breaking all barriers and setbacks attributed to meme coins in the years past. It has a growing community that is continuously engaged meaning that the community is becoming more active every day. With this growing engagement and more people joining the BEFE Community, the price has been growing at a steady rate for over 5 weeks now. 

Do you want to maximize your crypto investment potential? Invest in the BEFE coins. Here is how it could help you maximize your investment gains in a few weeks.

Multiple Re-entrance Points with the BEFE Price Action

Every investor’s joy is taking profit at a high, re-enter the trade when it corrects, and still be sure of making more profits. This is because the strategy helps every investor maximize whatever profit they get from investing in an asset. BEFE makes this strategy work effortlessly with its growing community of enthusiastic crypto traders. 

When you invest in BEFE coin, the only way you can be sure of is up. Its community members are constantly creating hype around the BEFE meme coin every day. So, every time the price looks like it is dropping, the next move is always a rise that creates a new high or retests an old high. This means that every time you buy the meme coin, regardless of the price you can be sure that even when it drops it will rise to retest a new high in a few days.

Investing in BEFE Early for Bigger Investment Gains

BEFE is currently at the best rate for any investor to win big. With the price of currently many zeros behind $1 you can bet on a strong buying potential from smart investors. This is because professional investors know that a crypto project less than $1 has more potential to go many percent up than other crypto assets with an already bloated price. The current price of BEFE combined with its actively growing community means that we can see it go 120% faster than we can see Bitcoin go 30%.

The choice is yours, but if you are more concerned about maximizing your profit in the crypto market, the. BEFE is an opportunity you shouldn’t miss right now. Beyond the fact that BEFE can help you maximize your crypto investment gain, it is also a project that will introduce a revolutionary drive in the meme coin market.

Don’t be left out of the opportunity. Check the BEFE website to get started.

The post BEFE Coin’s Investment Outlook: Maximizing Returns with Confidence appeared first on Metaverse Post.

Cryptocurrency analyst Willy Woo shared a post on the social media platform X, indicating that the anticipated exponential BTC bull market has not commenced according to the Bitcoin (BTC) price ratio model.

He further noted that the alterations relative to the Bitcoin halving suggest that the ongoing cycle could be structurally similar to a combination of the 2013 cycle, characterized by strong demand, and the 2017 cycle, dominated by spot trading. Additionally, Willy Woo mentions 2020, marked by regulatory measures significantly impacting derivatives trading.

Willy Woo highlighted that the BTC price model he unveiled is a comprehensive synthesis of three distinct price models, comprising the VWAP price based on on-chain “investor” transaction volume, realized price representing cost basis, and CVDD price reflecting veteran selling, commonly referred to as the “bottom” model.

Under this model, the exponential #Bitcoin bull run hasn't commenced yet.How the signal moved relative to the halvings suggests this cycle may structurally be a blend between 2013 (strong demand) and 2017 (spot dominant) cycles.2020 was a whipsaw controlled by derivatives. pic.twitter.com/vxjdGsfFcr

— Willy Woo (@woonomic) April 22, 2024

Bitcoin is currently trading at slightly over $66,000, marking a 1.70% increase over the past 24-hour period, according to data from CoinMarketCap. This upward trend has persisted since last Friday. Meanwhile, its trading volume has risen by 4.92% to $23.31 billion within the last 24 hours. Additionally, the cryptocurrency’s market capitalization currently stands at $1.29 trillion.

Bitcoin Halving: Miners’ Rewards Reduced, Market Awaits Price Response

Bitcoin witnessed its fourth halving last weekend, reducing miners‘ block subsidy rewards from 6.25 BTC to 3.125 BTC.

Market sentiment surrounding the long-anticipated event was notably positive until about a week ago, with numerous analysts expecting a price surge shortly after its finalization. This positivity was partly fueled by Bitcoin surpassing its cycle high in 2021, even before the halving. In mid-March, BTC reached a new all-time high of over $73,000, drawing heightened interest from institutional and retail investors.

Bitcoin has historically demonstrated significant price increases in the six months following each halving event. There is a lot of anticipation about how the Bitcoin price will respond to the halving this time. The market cycle may be starting earlier, however, the recorded data indicates that the conclusion of the previous cycle has not been reached yet.  

As per John Glover, formerly a Managing Director at Barclays Bank and currently the CIO at Ledn, while many are concentrating on the historical effects of halvings on BTC price, there’s little discussion about how long this typically takes to materialize. After each halving, peak prices have been observed between 10 and 16 months after the event. The crucial factor here is patience, though it’s often observed that individuals rarely allow their profits to grow.

The post Exponential Bitcoin Bull Market Is Yet To Commence, Notes Crypto Analyst Willy Woo appeared first on Metaverse Post.

Did you know that the Web3 market cap was at $3.34 billion in 2022 and is projected to be $49.10 billion by 2030? Moreover, Web3 has displaced Bitcoin as the most searched crypto term on the internet. This shows the rising interest in Web3, which promises users greater control over data and digital interactions. As the successor to Web2, it represents a shift in the way we interact with technology and the internet.

 Within this ecosystem, Philcoin is a notable participant, contributing innovative solutions that leverage blockchain technology for social good. Built on the Binance Smart Chain (BSC), Philcoin benefits from robust infrastructure and aligns with the broader goal of Web3 to create a more inclusive and transparent digital world. As we dig into Philcoin’s role in this shift, it becomes clear how it embodies the potential of Web3 to bridge digital divides and enhance global connectivity.

Philcoin: Bridging the digital divide with innovative solutions

Philcoin operates as a decentralized application (dApp) built on the Binance Smart Chain (BSC). This positioning allows Philcoin to leverage the advantages of BSC’s robust infrastructure, including compatibility with the Ethereum Virtual Machine (EVM), which facilitates seamless integration with existing Ethereum-based projects and tools.

Developed by the PHL Foundation Inc., Philcoin aims to bridge the digital divide by providing secure, low-bandwidth connectivity to underserved populations in developing economies and rural areas. Philcoin’s ecosystem empowers users through its innovative peer-to-peer mesh network, therefore, enabling access to charitable giving, education, social networks, e-commerce, and entertainment.

Now, let’s explore the benefits of BSC and how they support Philcoin’s mission of creating a more connected and inclusive world.

How does Binance Smart Chain (BSC) benefit Philcoin?

Binance Smart Chain (BSC) offers several key advantages that make it an ideal platform for projects like Philcoin. To start BSC is fully compatible with the Ethereum Virtual Machine, making it easy for developers to migrate their existing Ethereum-based projects to BSC or deploy new projects with minimal changes. This compatibility opens up a wide range of possibilities for developers and enables them to leverage existing tools, libraries, and smart contracts developed for Ethereum.

Besides that transactions on BSC are generally faster and cheaper compared to the Ethereum network due to its Proof of Staked Authority (PoSA) consensus mechanism, which enables higher throughput, lower fees, and reduced energy consumption. This means that with BSC, you can focus more on making an impact and less on how much it’s going to cost you.

BSC is designed for high-performance decentralized applications (dApps) and supports high throughput and low latency transactions, making it suitable for a wide range of applications, including DeFi, gaming, and NFTs.

And lastly, BSC’s interoperability enables seamless integration with other decentralized finance (DeFi) protocols and services.

Introduction to PHILApp: Philcoin’s all-in-one solution 

Internet connectivity issues can disrupt access to essential online services, often leaving users without the ability to reach their favorite apps and features. Recognizing this challenge, Philcoin has developed PHILApp, an all-in-one platform that brings together various digital services into a single, accessible location. 

PHILApp offers a diverse range of features, including social networking, online shopping, educational resources, charitable donations, podcast streaming, and gaming. These services are designed to be accessible even in areas with limited internet connectivity, ensuring that you stay connected wherever you are. PHILApp is developed with a focus on user-friendly design, prioritizing inclusivity and easy navigation to suit all users. The application is available for download on both the Play Store and Apple Store, ensuring wide accessibility.

Addressing Web3 challenges with Philcoin’s technological innovations

As Web3 and blockchain technology rapidly evolve, so do industry challenges. These challenges prevent the widespread adoption and effectiveness of blockchain-based solutions. ​​Philcoin is dedicated to breaking barriers and encouraging a more connected, equal, and inclusive world, leveraging technology for social good beyond its cryptocurrency framework. It aims to tackle global challenges such as limited internet access and financial exclusion with a suite of innovative solutions.

1. Quantum-proof Encryption

To combat evolving cybersecurity threats, Philcoin employs quantum-proof encryption to safeguard users’ data and transactions against potential quantum computing attacks, ensuring robust security now and into the future. 

2. Smart Contracts

At the core of Philcoin’s ecosystem are smart contracts that automate and enforce agreements without intermediaries, streamlining processes and fostering transparent interactions within the community. 

3. Peer-to-Peer Mesh Network

Addressing connectivity issues, especially in low-bandwidth areas, Philcoin utilizes a peer-to-peer mesh network. This innovation not only enhances accessibility but also ensures efficient transaction processing, making the platform scalable as user numbers grow. 

4. Give-to-Earn Model

Encouraging a culture of philanthropy, Philcoin’s give-to-earn model rewards users for their interactions within the platform, promoting digital inclusivity and a spirit of giving. 

Challenges in Web3

Philcoin’s approach also directly addresses several persistent challenges in the blockchain ecosystem. One of the most pressing challenges facing blockchain technology is scalability, as traditional blockchains struggle to handle a high volume of transactions efficiently. By utilizing a decentralized mesh network, Philcoin ensures that its infrastructure can handle a growing volume of transactions without performance losses, even in low-bandwidth environments.

With hackers constantly seeking to exploit vulnerabilities in blockchain networks, security remains a major concern in the blockchain industry. Philcoin mitigates security risks through the implementation of quantum-proof encryption, a security measure that protects user data and transactions from digital threats. By incorporating advanced cryptographic techniques and encryption protocols, Philcoin ensures that its ecosystem remains secure and resilient against cyber attacks.

Another significant challenge in the blockchain industry is user accessibility, as many blockchain platforms are complex and difficult for the average user to navigate. Philcoin addresses this challenge by offering an intuitive and user-friendly interface through its PHILApp. This all-in-one mobile application provides easy access to a wide range of services, including education, e-commerce, communication, and entertainment, making blockchain technology more accessible to users with varying levels of technical expertise.

Transaction fees on blockchain networks can be prohibitively high, especially during periods of network congestion. This makes microtransactions and everyday use cases economically unfeasible. Philcoin addresses high transaction costs by leveraging the Binance Smart Chain (BSC), which offers low transaction fees compared to other blockchain platforms. By conducting transactions on BSC, Philcoin ensures that users can participate in the ecosystem without incurring excessive fees. Thus, further making blockchain technology more accessible and affordable for everyone.

By integrating these technologies, Philcoin improves its ecosystem and contributes to overcoming common obstacles in the adoption and efficiency of blockchain technology.

Future outlook and impact

We can anticipate many developments in Web3, from improved scalability and interoperability to the integration of emerging technologies like artificial intelligence and augmented reality. As the digital landscape continues to grow, projects like Philcoin stand firm in their dedication to innovation, constantly exploring new avenues to improve its ecosystem and empower users worldwide.

A commitment to remain at the forefront of Web3 can be seen in Philcoin’s ongoing efforts to pioneer groundbreaking technologies and initiatives. From quantum-proof encryption to peer-to-peer philanthropy, Philcoin’s innovations are set to drive positive social change on a global scale.

In today’s world where connectivity is key, Philcoin is pioneering solutions to Web3 challenges while fighting for inclusivity and accessibility. 

The post Exploring Philcoin’s Role in Advancing Web3 Technology appeared first on Metaverse Post.

Bot project Unibot (UNIBOT), designed for the messaging application Telegram, announced the launch of three growth plans geared towards improving its products and outlining a strategic trajectory that prioritizes the community’s and investors’ interests. These plans aim to ensure Unibot’s sustainable growth in the long term.

The proposed plans include implementing a referral system, token buy-back program, and reward mechanisms.

The referral system aims to increase participant rewards by organizing various activities, such as events and campaigns, that enhance participant rewards. All referral commission rewards will be distributed via airdrops through the Ethereum Layer 2 Base Network ecosystem every Friday. Unibot has introduced additional earning opportunities, including two-layered referral schemes, iframe widget integration, deep-linking to Unibot-X, and API integration.

Furthermore, Unibot has unveiled a token buy-back program to foster stronger ties with UNBOT investors. The project team intends to roll out this program within the coming months, allocating a significant portion of ETH for token buy-backs over several months. All associated transactions and wallet addresses will be publicly disclosed to uphold transparency for investors. Additionally, the 2% Unibot Token Tax will be automatically allocated to token buy-backs whenever the balance reaches 0.5 ETH.

As a component of the rewards program, the data dashboard will undergo enhancements to ensure greater transparency and accessibility for small investors. Concurrently, the previous reward system will be phased out. However, users can still claim their old rewards via the legacy link, with a minimum claim amount of 0.01 ETH. 

The new holder rewards dashboard will incorporate both ETH and SOL fees, with ETH rewards constituting 40% of profit and SOL rewards accounting for 50% of profit. All rewards will be claimable through the Base Network, resulting in significantly reduced claim costs for investors and a lowered minimum claim amount of 0.01 ETH.

We have been working tirelessly behind the scenes to enhance our products and devise a strategic path forward that benefits the community and investors, ensuring the long-term growth of Unibot.Here's our threefold plan to propel our project forward pic.twitter.com/0Jfn8Wc84g

— Unibot (@TeamUnibot) April 22, 2024

Unibot’s Native Token Marks 15% Increase in 24 Hours

Unibot is a Telegram bot that facilitates cryptocurrency trading directly within the Telegram application, eliminating the need for users to switch platforms. Offering user-friendly functionality, the bot encompasses a range of features, including decentralized copy trading and DEX-based limit orders, and safeguards against MEV bots.

In the last hour, the price of Unibot’s native token UNIBOT surged above $16 and currently stands at $16.79 as of the time of writing, with a 24-hour increase surpassing 15%, based on data sourced from CoinMarketCap.

The post Unibot Unveils Three Growth Initiatives, Outlines Plans For Referral System, Token Buyback, and Rewards appeared first on Metaverse Post.

Hong Kong, Hong Kong, April 22nd, 2024, Chainwire

Layer 1 blockchain Cronos has announced an integration with community-building platform Galxe. Cronos’ Spring Odyssey campaign will reward users who complete tasks with $35K in prizes allocated to participants.

Cronos Spring Odyssey is the first campaign to be hosted by Cronos since the completion of full Galxe integration. 30 projects have signed up for the initiative, spanning DeFi, NFTs, memecoins, and gaming. The list includes Cronos-based projects such as Veno, Orby, Croskulls, CorgiAI, and Bored Candy.

Users can take part by completing a list of pre-defined social and on-chain tasks to win prizes such as tokens and NFTs. The campaign starts on April 22 and will run for six weeks until May 31.

Cronos Spring Odyssey is the first program launched on the Galxe platform following its integration with Cronos. The initiative incentivizes users to engage with multiple blockchain projects encompassing four major web3 themes: DeFi, NFTs, Memecoins, and Gaming. The themes will be introduced in sequence every ten days, challenging participants to complete tasks such as swapping, staking, lending, and borrowing.

In addition to token prizes, participants will have the opportunity to earn unique NFTs for completing the quests tied to each themed week. This dual reward system is designed to incentivize active participation and enhance the overall user experience across the Cronos network. By gamifying interaction with Cronos dapps, the campaign will highlight the many projects and use cases available for users to experience on Cronos.

Galxe is the leading platform for building web3 communities. With over 14 million unique users, Galxe has propelled the growth of multiple blockchains and more than 4,600 partners through its reward-based loyalty programs. Cronos Spring Odyssey will shine a spotlight on the Cronos blockchain while educating users on the opportunities it offers for interacting with DeFi, gaming, NFTs, and memecoins.

Learn more about the campaign and participate: https://app.galxe.com/quest/cronos 

About Cronos

Cronos (cronos.org) is a leading blockchain ecosystem, adopted by Crypto.com and more than 500 application developers and partners representing an addressable user base of more than 80 million people around the world. Cronos’ mission is to make it easy and safe for the next billion crypto users to adopt self-custody in Web3, with a focus on Decentralized Finance and Gaming.

The Cronos universe encompasses 3 chains: Cronos (EVM), the leading Ethereum-compatible blockchain built on Cosmos SDK; Cronos POS, a leading Cosmos chain for payments and NFTs; and Cronos zkEVM, a new high performance layer 2 network. 

Cronos ranks among the top 15 blockchain ecosystems, safeguarding more than 6 billion dollars of user assets. Since launching in 2021, it has securely settled more than 100 million transactions.

Cronos Labs is the $100M start-up accelerator focused on Cronos.

Contact

Senior Marketing ManagerDanielle Hrin KuekCronosdanielle.hrin@cronoslabs.org

The post Cronos Launches Spring Odyssey with 30 Projects and $35K in Prizes, Powered by Galxe appeared first on Metaverse Post.

While sports management games often fly under the radar in the esports community, which is dominated by MOBAs and shooters, a game-changing arrival is set to capture its share of the spotlight. Introducing Draftables, the innovative platform where the strategy and depth of American football meets the cutting-edge technology of blockchain. Designed for die-hard sports fans and tech enthusiasts alike, Draftables invites players to forge their own franchises, train unique player NFTs, and compete to create a lasting legacy in a dynamic digital arena.

Stepping into the future of gaming, Draftables is not just any sports management game—it’s a pioneering platform powered by the Avalanche blockchain, accessible on both desktop and mobile devices. This fun, free-to-play experience introduces players to the burgeoning world of blockchain gaming, which is rapidly gaining traction among gamers seeking richer, evergreen narratives and tangible rewards. Draftables breaks the mold of traditional gaming by enabling players to truly own their digital assets.

Unlike conventional games where in-game items remain under developer control, Draftables offers players the autonomy to own, manage, and trade their gamified NFT player cards. These cards are more than just digital assets; they’re keys to competing in ranked matches and building a unique legacy.

Where football manager meets NFL Madden manager mode

In Draftables, players do more than just play; they coach, compete, and cultivate their very own digital dynasty.

Each user commands their own personalized roster, crafting teams poised for competition in strategic season-based PVP matches. That same strategy extends beyond the digital gridiron as players trade assets and strategize to scale their franchises.

Success in the arena rewards players not only with the dopamine hit of victory,  but also with valuable $DRFT tokens and exclusive in-game rewards. Moreover, the opportunity to build and create a unique Stadium Village — complete with personalized and cosmetic NFTs — embeds real-world value into every element of the game, offering a robust economic layer to this immersive sports management experience.

Here are the key gameplay details:

Train and manage athletes: In Draftables players build their teams by scouting new athletes, trading on the open market, and earning them through gameplay challenges. Moreover, each character has a unique personality which players must respond to and coach accordingly. 

Competitions: Players can compete against friends, CPU, or in ranked gameplay to earn rewards as the season progresses. The title will offer a variety of game modes, including tournaments, challenges, and events.

Build your franchise: Draftables lets players improve their teams with its very own in-game currency. Gamers can customize their teams and create their own franchise that encompasses their stadium, training facilities, equipment for their athletes, and more.

Fast-paced gameplay: Draftables is fast-paced, unlike other sports video games. Games take about 3 minutes to complete. 

Multiple earning opportunities: Users earn rewards by competing in games and collecting ticket sales every few hours. In addition, there are prizes to be won through daily and weekly challenges. Users can also earn rewards by staking their in-game currency.

Be part of a vibrant community: Community is at the heart of Draftables, creating an unparalleled sense of immersion for every franchise owner. Everyone can join the Draftables Discord server, participate in events, and connect with other players and owners!

Draftables is built by a solid team of experienced game and Web3 developers. Brian Ross, CEO, and Simon Peterson, COO, have 6 years of experience building in web3, achieving $2M+ in multiple NFT sales.

DeFiKingdoms and Elastos advisor Ian Anderson is also a core member of the Draftables team. Others include Esports professionals, Principal Design Manager at Microsoft and other industry trailblazers from the Esports field, SVB Capital, Catalina Whale Mixer, ACME Innovation, Metagood and much more.

Draftables elevates the height of football manager

Draftables infuses Web3 into football management, giving the title a unique place in the world of empire-builder games. In October 2023, they hosted a pre-alpha tournament for their initial 100+ users. The tournament saw an average of over an hour of gameplay per user per day, resulting in over 3,100 games played within just 4 days.

To learn more about Draftables and join the football revolution, visit https://draftables.io/.

The post Draftables: Taking Sports Simulation Games to New Heights With Web3 appeared first on Metaverse Post.

Vilnius-based digital finance company TRASTRA announced the introduction of crypto-friendly SWIFT transfers, promising to streamline international transactions by combining the reliability of SWIFT, the standard for global financial messaging, with the flexibility of digital currencies.

Understanding SWIFT in the Financial Landscape

SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a vast messaging network banks and other financial institutions use to quickly, accurately, and securely send and receive information, such as money transfer instructions. SWIFT does not handle the actual transfer of funds but rather sends payment orders, which must be settled by correspondent accounts that institutions have with each other. As of now, SWIFT connects over 11,000 institutions across 200 countries.

Cryptocurrency Meets SWIFT

The integration of SWIFT with cryptocurrencies is a convergence of old and new financial paradigms. 

“Cryptocurrencies offer decentralized control and the possibility of creating a more open and accessible financial system,’ says TRASTRA CEO Roman Potemkin, “while SWIFT provides a trusted and efficient framework for cross-border money movements. By linking these two, companies like TRASTRA are creating hybrid solutions that leverage the security and reach of SWIFT with the innovative aspects of digital currencies.”

With its seven years of experience at the intersection of crypto banking and traditional finance, TRASTRA positions itself as a pioneer by offering crypto-friendly SWIFT transfers. According to TRASTRA’s CEO, Roman Potemkin, this service responds to the increasing demand for versatile financial tools, especially useful for digital nomads and international businesses seeking alternative economic solutions. 

“The integration of crypto-friendly SWIFT transfers, along with TRASTRA’s robust wallet support for seven major cryptocurrencies and its crypto-friendly IBAN for SEPA Instant transactions, offers a nearly perfect solution for businesses and individuals who frequently engage in global fund transfers,” says Petro Lymar’, TRASTRA’s Head of affiliate marketing, adding “this comprehensive financial toolkit is designed to meet the needs of those seeking speed, reliability, and low transaction fees.”

By combining the fast, borderless nature of cryptocurrencies with the structured reliability of traditional banking systems like SWIFT and SEPA Instant, TRASTRA ensures that users can manage and transfer funds efficiently and securely across international borders. This makes it an ideal choice for global transfers of funds of any size—from bill payments to salary payouts.

Utilizing TRASTRA’s Crypto-Friendly SWIFT Transfers

To use TRASTRA’s new SWIFT functionality, users need to register and verify an account on TRASTRA.com or download a mobile app—it’s that easy. Both TRASTRA’s best-in-class mobile app and web interface are intuitively tailored for SEPA transfers and SWIFT, so users can initiate transfers that are then processed through the SWIFT network immediately.

Conclusion: The Future of Finance

As digital currencies continue to gain mainstream acceptance, the fusion of these with traditional banking practices through platforms like TRASTRA enhances the utility of cryptocurrencies. It heralds a new chapter in financial inclusivity and connectivity.

With over 400,000 customers and a growing suite of financial services, TRASTRA’s new offering is set to transform how people and businesses worldwide interact with money, bridging the gap between old and new financial systems and expanding the potential of global economic exchanges.

The post TRASTRA Launches Crypto-Friendly SWIFT Transfers appeared first on Metaverse Post.

Crypto has crept its way into most things digital, and online gambling is no different. In recent years, we’ve seen so many gambling platforms leverage the power of blockchain to elevate the level of transparency, safety, and democratisation in the gambling sector. 

From lowering house advantage to offering extra bonuses and fee discounts, gambling tokens promise players a new way to look at the risk-reward balance. The biggest coins are: 

Rollbit Coin (RLB)

The Rollbit Coin technology goes beyond what online casinos usually do. The platform has its own coin called RLB, which users can earn or win in recurring contests such as the Rollbit Lottery. Rollbit doesn’t have a bonus for new users, but it provides 15% monthly cashback and other deals all year.

The current design of the platform, which includes a moving live-win bar and a dynamic chat tool, makes it fun to use. It serves a wide range of players with 3,600-plus slots, real-time gaming, and a virtual casino.

Rollbit is also unique in its scope of services. In addition to gambling and betting, the website has an NFT section where users can trade NFTs for USD Coin.

What sets RLB apart:

Highest market cap among all iGaming coins;

A vast range of services, including NFT trading;

Frequent opportunities to earn rewards, including Rollbit Lottery.

FUNToken (FUN)

FUN is the next best gaming coin on our list, which will change how online gambling is done with its blockchain-based innovation. FUN serves gamers worldwide by putting fairness, openness, and interoperability with prominent crypto gaming services at the top of its list of priorities.

One thing that makes FUN unique is using the Polygon blockchain. This helps transactions happen faster and cheaper than with Ethereum. Over 350,000 people have joined the FUNToken community, attesting to the token’s widespread appeal and acceptance. 

Plus, FUN is at the centre of the platform’s diverse offerings, like XFUN Bet and XFUN Arcade, for sports, arcades, and casino gambling. Also, it’s important to note that it was created by people with a lot of experience designing and making games. 

What makes FUN unique:

Operating on Polygon, leading to rapid and low-cost transactions;

Massive community support around the world;

A selection of different platforms for sports, casinos, and arcades;

Developed by experienced game designers. 

Decentral Games (DG)

While operating as a deflationary token and offering staking rewards for DG holders, DG can also reduce the house advantage through its inflationary properties.

You can also get extra credits by entering special events or tournaments, but you have to play through the whole thing at once before you can cash out. Also, you have the chance of winning items like digital treasures and high-tech devices like MacBooks.

Decentral Games also stands out because it is run by the community. People who own DG have a voice over the platform’s direction and major decisions. It is a democratic gaming environment because they can suggest features, make changes to games, and decide how to spend the treasury’s money.

What sets DG apart:

Deflationary token;

Lower house advantage compared to other coins;

Lots of special events to win prizes;

DG holders have significant influence over the platform’s direction.

Wownero (WOW)

The WOW meme-coin was released in 2018 with a focus on user privacy. Wownero pioneered the cryptonote sector by adopting technologies like bulletproofing, leading to lower transaction fees and smaller volumes that, in turn, improve processing speed.

Other than placing bets on snail races, WOW holders can use their token to micro-tip meme makers, use it for everyday transactions, and enjoy higher privacy than other iGaming coins. Plus, the platform’s open-source nature encourages more users to acquire WOW and contribute to the ecosystem.

What Sets WOW apart:

Cutting-edge tech leading to rapid and cheap transactions;

100% community-owned and open-source; 

Higher security and anti-censorship.

Hamster (HAM)

Next on the list is HAM. One of HAM’s distinctive features is the strong support it has from the community. There is an ever-growing society of over 100,000 holders who all believe in and support the project’s goals.

To solve the prevalent issue of mistrust in crypto gambling, HAM has shown itself to be a trustworthy crypto gambling company by providing complete transparency across all of its transactions.

The platform utilises unique features such as cold storage wallets and diversified distribution to ensure the space is fair and secure for all players.

What makes HAM unique:

Massive community support;

Higher trust and transparency compared to other gambling platforms;

Higher security with a cold storage wallet.

Dotmoovs (MOOV)

MOOV stands as a potential substitute for top gambling tokens to take sporting games and gambling to another level. The unique emphasis on physical activity in MOOV sets it apart from other online games, making it a captivating platform for sports fans.

Using advanced AI tools, the site looks at players’ performance, figures out scores, and announces winners. Plus, AI tools help prevent and detect any suspicious activity on the platform.

The website also gamifies user participation using its native coin, MOOV, and NFT collectables. After winning a contest, You have the option to keep, trade, or spend your NFTs.

What makes MOOV unique:

Physical competitions, besides gambling games;

AI-powered tools for fraud detection;

AI-based scoring system for sporting competitions.

Exeedme (XED)

Exeedme hosts a range of P2P tournaments where players can challenge each other and bet on how the games will turn out. Users can get XED tokens and NFTs based on how well they do.

The platform uses blockchain to link up multiple gaming verses and simplify swaps and transactions. This is a unique feature of Exeedme that doesn’t plan on limiting itself to just one game.

XED also lets you join games, cuts fees and opens up Defi alternatives. Users may stake XED to earn rewards and have a say in the platform’s future. This is the platform’s move to shift the power balance so players and XED holders hold the power, and there’s a lid on house advantage.

What sets XED apart:

Utility in a gambling multiverse;

Lower transaction fees;

Growing community support;

Rights to governance for XED holders.

The post Big Bets: The Biggest Gambling Cryptocurrencies of 2024 appeared first on Metaverse Post.