Day: January 17, 2024

Gemini secures crypto registration in France

Crypto exchange Gemini is now registered as a cryptocurrency services provider in France.
The exchange will offer its services and products to customers in France in coming weeks.
Coinbase also recently received a VASP license from the French regulator.

On January 17, the US-based crypto exchange co-founded by the Winklevoss twins Cameron and Tyler, announced it had secured the Digital Asset Service Provider (DASP) registration from French financial markets regulator l’Autorité des Marchés Financiers (AMF).

The milestone, which follows Gemini’s unveiling of its EU headquarters in Ireland in 2022, will see the exchange extend its crypto products and services to retail and institutional customers across France

Gemini plans to begin offering these services and products in coming weeks, Gillian Lynch, Gemini’s Head of Ireland and EU, said.

France is a global innovation leader and has a vibrant crypto community as showcased by the success of Paris Blockchain Week. We are excited to soon be able to provide French customers with compliant and secure access to the future of finance as we continue on our mission to unlock the next era of financial, creative, and personal freedom,” Lynch added.

Crypto exchanges seek licenses ahead of MiCA

Gemini’s registration as a DASP in France sees it join Coinbase, which announced it had secured a Virtual Assets Service Provider (VASP) license from the French regulator last December. Crypto exchange OKX also revealed an application for regulatory approval in the country in May 2023.

The exchanges’ quest to secure registration in France comes as the crypto industry prepares for the implementation of the Markets in Crypto-Assets (MiCA) regulation.

The EU’s comprehensive crypto regulation rules came into effect last year and are seen as a concrete step towards ensuring crypto companies adhere to compliance requirements, including around anti-money laundering (AML). The rules are also meant to bolster consumer protection while enabling crypto innovation.

The post Gemini secures crypto registration in France appeared first on CoinJournal.

Kabuni celebrates “Stake a Future” launch with 10,000 Steamboat Willie-inspired NFTs

London, United Kingdom, January 17th, 2024, Chainwire

Kabuni’s Steamboat Willie-inspired non-fungible tokens (NFTs) go beyond digital assets, they are integral to Kabuni’s mission of unlocking human potential through technology and driving positive change.

Holders of these NFTs gain an exclusive path to the chance of earning Kabuni COIN (KBC), embodying the spirit of innovation, these NFTs also grant holders voting rights to influence Kabuni’s future direction, symbolizing the team commitment to integrating community participation and technological advancement. The Kabuni ChangeMaker NFT transcends traditional digital asset boundaries, seamlessly merging value from the digital realm to the physical and back again, as we grow and Stake a Future across the globe.

What is “Stake a Future”?

Kabuni is redefining crowdfunding in the Web3 era with an innovative approach that concentrates on projects with significant impacts in key sectors. The Kabuni model uniquely intertwines contribution with reward, supporting promising ventures while offering tangible benefits to those who invest in these impactful projects.

A tribute to innovation: The Steamboat Willie-Inspired ChangeMaker NFT

“Our journey began six years ago with a vision to unlock the design potential in every human being and elevate life. The ChangeMaker NFT program draws inspiration from Steamboat Willie, from humble roots to global icon changing the world,” states Nimesh Patel, CEO of Kabuni.

The launch today signifies a pivotal evolution in digital asset innovation and marks Kabuni’s expansion beyond revolutionising K-12 education sector into venture building, cryptocurrency exchange, and finance applications. These new ventures are in alignment with Kabuni’s mission, demonstrating the company’s commitment to broadening its impact across various sectors.

Exclusive benefits for ChangeMaker NFT holders

Monthly Draws: Chance to win $1000 in KBC every month for a year.
Governance Participation: As Kabuni grows, NFT holders can vote on the company’s direction, playing a pivotal role in its development.
Exclusive Access and Opportunities: Owning an NFT opens doors to unique experiences and advantages within the Kabuni ecosystem.
Stake A Future: Holders will be part of Kabuni’s “Stake A Future” initiatives from the outset, experiencing these ventures before others.
A Journey of Growth: The holder’s progression from Affiliate to Ambassador within Kabuni reflects the transformative journey akin to that of Steamboat Willie, symbolizing growth and evolution.

Joining the ChangeMaker NFT Movement: The Process of Minting Event Tickets

Stake and Save: Interested parties should visit Coinstore and stake KBC and participate in the inaugural “Stake A Future” program by staking KBC tokens.
Mint NFT Ticket: After completing the required quests, users need to add their Coinstore UID to the Kabuni Airlyft campaign. This will allow them to mint their unique Backpack NFT ticket.
Engage with the Community: Users can connect with Kabuni on Discord, Twitter, and other platforms for the latest updates and community interaction.

“Transforming asset exchange and redefining finance, we’re creating a transparent, ethical, and accessible ecosystem. We are pleased to be part of reshaping the future of digital finance with Kabuni.” says Shawn Koh, Regional Manager of Coinstore.

Users can join Kabuni on this exhilarating journey as it strides towards a future where technology and humanity unite for the greater good.

In anticipation of Kabuni’s ChangeMaker NFT launch on February 14th, users today have the opportunity to mint one of the 10,000 available tickets. These tickets not only secure a place for users at the launch but also determine the price they will pay for the ChangeMaker NFT – the smaller the ticket number, the less the user pays.

About Kabuni 

At Kabuni, our focus is on cultivating four key pillars: education, venture building, cryptocurrency exchange, and finance applications. Each of these sectors plays a crucial role in delivering our ‘why’ — to unlock the design potential in every human being and elevate life. Our approach is to create a scalable framework that balances conscientious profit with the elevation of people and the betterment of our planet. This vision is driven by a unique blend of emerging technology and a commitment to safety by design, ensuring that as we grow, we do so responsibly and with a positive impact on the world.

 

Contact

CEO
Nimesh Patel
Kabuni
nimesh@kabuni.com

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Binance remains top exchange despite 5% market share dip: Implications for Meme Moguls?

Binance saw its market dominance slip 5% in 2023 followning the impact of regulatory issues, including ex-CEO Changpeng Zhao’s resignation.
A TokenInsight report however shows the exchange remains top by market share.
Meme Moguls, on the other hand, is a new meme-backed trading platform seeing huge interest from crypto enthusiasts during its presale. 

Binance remains the largest crypto exchange by market share, despite facing a 5% dip amid regulatory issues. A new TokenInsight report also highlights that the exchange’s market share rose steadily after dipping to around 32% in November.

Meanwhile, Meme Moguls (MGLS), a new exchange bidding for dominance as the world’s first meme-based trading platform, continues to strengthen its future outlook amid huge interest in its presale.

Report shows Binance market share dropped 5% in 2023

Binance’s place as the world’s largest crypto trading exchange by market share came under threat amid last year’s regulatory issues.

The lawsuit by the US Securities and Exchange Commission (SEC), the $4.3 billion settlement with the DOJ and CFTC among other government agencies and former CEO Changpeng Zhao’s resignation and court issues are key highlights of periods when Binance’s market share fell considerably.

Binance is also among nine exchanges to see Apple and Google Play pull their crypto trading apps from their stores in India. 

But as a new report by crypto rating and research platform TokenInsight shows, the exchange only saw a slight decline in overall market share. Binance remains the top crypto exchange in this, with a market share of 48.7% as of the end of 2023. It shows a decline of about 5% from last January’s peak levels of 54.2%, TokenInsight noted.

Per the report, user confidence in Binance has been helped by the fact that despite the hefty settlement, regulators didn’t not find Binance to have used or put its customers’ assets at risk. 

Meme Moguls bids for top meme-backed exchange

Solana’s Bonk racing into top three meme coins by market cap, highlighted a resurgence that market experts say could see this segment become a key part of the crypto investing market.

Meme Moguls ($MGLS), a project currently in presale, seeks to transform this space.

When it launches, meme coin traders will get a platform from which they can earn as they display their trading prowess.  Anyone on Meme Moguls can trade meme-inspired assets, tapping into the viral nature of tokens to climb the leaderboard and claim exclusive rewards.

Is Meme Moguls presale worth investing in?

Apart from the innovative play-to-earn platform, holders of the native $MGLS token will have a chance to earn via staking, liquidity provision and minting and trading of NFTs.

Ahead of its launch, Meme Moguls’ token MGLS is available to the public via the aforementioned presale. The token ICO is currently in stage 4 where each $MGLS token sells at $0.0027. With the total crypto meme coin market cap at $21 billion and broader market at $1.76 trillion, projects of the latter rocketing higher suggests meme coins could follow suit.

The outlook means a likely grip on the market for Meme Moguls, potentially making its native $MGLS one of the best altcoins to buy today.

Learn more by visiting the project’s website.

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Doubling down with NuggetRush in the bull market of 2024

NuggetRush has generated more than $1.6 million in the ongoing presale.
It is available at $0.015 in the current presale and the expected launch price is $0.020 per token.
Investors who entered the first round of the presale could double their investment.

As we step into 2024, the digital currency market is buzzing with excitement. Among the many reasons for this enthusiasm is a game-changing platform called NuggetRush. This isn’t just another name in the world of digital currencies but an opportunity for those looking to make the most of the current bull market. 

What’s truly eye-catching about NuggetRush is its financial journey. From an initial pre-sale price of $0.010 in the first round to an expected launch price of $0.020 at the end of the presale, symbolizing a potential double profit for early investors.

Understanding the rise of NuggetRush

First, let’s talk about what NuggetRush is. It’s a Play-to-Earn (P2E) game that’s shaking up the digital currency scene. Unlike typical games, NuggetRush offers real money rewards in the form of gold or cash. This twist is what sets it apart and makes it the best crypto investment in the bull market of 2024.

Let’s break down the numbers. Initially, NuggetRush tokens were available at just $0.010 during the first round of pre-sale. Those who reserved their tokens in this round were very happy because the expected launch price is $0.020; meaning the early birds will double their returns.

However, it’s still not too late to get this top crypto coin in your portfolio. It’s available at $0.015 in the current presale (Round 4) and investors can still get a huge profit on their invested money.

Why NuggetRush stands out

But why is NuggetRush creating such a stir? Here are a few reasons.

The P2E model is a game-changer. It allows players to earn real-world rewards, bridging the gap between gaming and investing. Buying or selling NuggetRush tokens comes with a sweet perk – no tax. This feature adds to the attractiveness of the platform. This makes it an ideal crypto for beginners who have less money to invest.

With a smart contract audit completed by SolidProof, NuggetRush assures its users of safety and reliability. This is important for those who don’t want to disclose their identity to anyone. Once NuggetRush launches, its creators will step back, and the platform will be 100% community-owned. This transparency adds to its appeal as the best altcoin to buy now.

The platform offers trending NFTs, which players can stake to earn an extra 20% returns. This is good news for those who love to hold their digital collectibles for long. But NuggetRush isn’t just about making profits alone. It has been created to make a long-lasting impact on the living conditions of poor miners who can’t afford their bread and butter. This social angle is an important factor that is missing in other cryptocurrencies.

For gamers, NuggetRush is a chance to enjoy an immersive experience while earning real rewards. For investors, it’s an opportunity to be part of a platform that’s not only profitable but also impactful. And for those new to digital currencies, NuggetRush presents an accessible and exciting entry point into the world of P2E and NFTs.

Conclusion

As we navigate through the 2024 bull market, NuggetRush stands out as a unique opportunity. With its potential for doubling investments, you can easily know its worth by now. 

The journey from a modest initial presale price to a promising launch figure is remarkable. In the bull market of 2024, timing is everything. For those who are considering a good crypto to buy, the growth potential is a strong reason to get involved in NuggetRush.

For more information on the NuggetRush Presale, you can visit the NuggetRush Presale Website.

The post Doubling down with NuggetRush in the bull market of 2024 appeared first on CoinJournal.

XAI price prediction following the post-airdrop surge; Pullix gears up for launch

XAI price surges driven by an airdrop, major exchange listings, and a positive outlook.
Pullix, a hybrid exchange, tackles DeFi liquidity issues with a unique non-custodial approach.
PLX token introduces “Trade-to-Earn,” offering revenue sharing and staking rewards.

In the dynamic landscape of decentralized finance (DeFi) and blockchain-based assets, two entities are making waves: Pullix, a hybrid trading exchange, and XAI, a gaming-focused “layer-3” network operating on Arbitrum.

This article delves into the recent XAI price movements, the anticipated XAI price prediction, Pullix’s unique features and the ongoing PLX token presale.

XAI’s price surge post-airdrop

XAI, the gaming-focused token operating on Arbitrum, has experienced a remarkable surge. On January 16, within 24 hours, the token soared by over 24%, reaching a record price of $1.26. This surge follows its initial debut at $0.77, a brief dip to $0.45, and a subsequent ascent to its current value.

The price hike followed a recent airdrop that played a pivotal role in boosting XAI’s value. Distributed to holders of early Xai NFT collectibles and users with Sentry Keys for validator nodes, the airdrop enhanced community engagement.

Notably, major exchange listings, including Binance, KuCoin, CoinEx, and Crypto.com, contributed to the price rally.

XAI price prediction: anticipated fluctuations

As XAI gains momentum, projections indicate potential fluctuations. The post-airdrop surge and increasing exchange listings suggest a positive trajectory.

The anticipated price range for XAI is between $1.070 and $1.466. Achieving the upper limit could lead to a significant increase of nearly 35%, bringing XAI to $1.466.

XAI’s layer-3 architecture, emphasizing scalability and user-friendliness, positions it strategically for the expanding gaming sector. The recent surge and exchange listings indicate growing anticipation for XAI, with expectations of heightened liquidity and increased trading volumes.

Pullix: bridging the gap in hybrid trading

As XAI token makes waves within the crypto space with its tremendous price movement, a novel hybrid trading exchange called Pullix poised to bridge the gap between decentralized and centralized exchanges has emerged. The exchange is expected to officially launch before the end of January.

Addressing the liquidity problem in DeFi, Pullix offers a unique hybrid model, combining the strengths of both worlds. Notably, it ensures user security with a non-custodial approach, allowing users to retain control of their assets while benefiting from the security features of a centralized exchange.

Pullix’s approach to liquidity provision is groundbreaking. By incentivizing users to provide liquidity, the platform aims to offer better liquidity and more competitive prices. This innovative strategy may attract a wider user base and drive demand for its native PLX, currently in the presale stage.

The platform provides institutional, liquid, and slippage-free trading through an off-chain order book. Users can trade a variety of assets using margin, and advanced institutional trading tools powered by OpenAI enhance their trading potential. Pullix is set to become a one-stop solution, integrating features such as perpetual futures, CFDs, a secure vault, a lending protocol, and a DeFi and NFT Launchpad.

The PLX token presale

The PLX token stands out as the first “Trade-to-Earn” cryptocurrency in the crypto market. Token holders enjoy instant rewards for trading on the platform and participating in trading challenges. What sets PLX apart is its revenue-sharing mechanism, allowing holders to profit from the daily revenue of the exchange and earn a fixed passive income by providing liquidity to automated market makers.

With a fixed supply of 200 million, PLX has a utility-driven design. Holders can use PLX for trading credits, exclusive access, staking, and receiving rewards. The tokenomics include allocations for presale, rewards, team, exchange listings, and marketing, ensuring a balanced ecosystem.

Pullix implements a generous staking reward system for PLX holders, with a portion of daily profits allocated for token acquisition. This acquired PLX undergoes a dual allocation: 50% is burned, introducing a deflationary mechanism, while the remaining 50% contributes to rewards distribution for staked PLX holders.

To participate in the PLX token presale, you can visit the official Pillix website

Conclusion

As Pullix prepares for its launch and XAI continues its upward trajectory, the synergy between these platforms holds promise for the broader blockchain and cryptocurrency ecosystem.

With innovative features, strategic partnerships, and community-driven initiatives, Pullix and XAI represent the evolving landscape of decentralized finance and blockchain-based gaming.

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Google Bard endorses Arbitrum, Rebel Satoshi, and Filecoin as top tokens for 2024

Despite tokenomic issues and reliance on Ethereum, Arbitrum has the potential to be a dominant layer-2 network.
Filecoin continues to be the go-to decentralized file storage platform.
Rebel Satoshi prepares to blaze a trail as the first rebel-themed meme coin.

While most think of ‘ChatGPT’ when the AI chatbot topic arises, Google Bard is an increasingly popular name. These chatbots have many capabilities, one being to provide endorsements on top crypto coins.

The considerable names include Arbitrum (ARB), the new meme coin Rebel Satoshi ($RBLZ), and Filecoin (FIL). But which option offers the most bang for one’s buck?

Arbitrum remains an excellent Ethereum layer-2 solution

Among the best altcoins to buy for Ethereum layer-2 (L2) solutions is the relatively young Arbitrum. Users have lauded Arbitrum as being faster and cheaper than its competitors like Avalanche and Polygon.

Avalanche has performed exceedingly well when looking at the platform’s statistics. Total value locked (TVL) is the best-performing metric in this regard, a key factor for DeFi companies. Arbitrum’s TVL is worth $2.62 billion, 2.5x higher than the same time last year. 

The main concern for investors is that Arbitrum will release millions of ARB in several token unlocks over time. Finally, Arbitrum is still confronted with the same disadvantage as other L2s – a reliance on Ethereum’s activity.

Regardless, Arbitrum has potential technology and price-wise. Speaking of the latter, ARB is worth $2.24, near its yearly high of $2.42. It could surpass $3.50 by 2025, based on many forecasts.

Rebel Satoshi is next in this comparative review and may prove the best crypto investment.

Rebel Satoshi set to be the first Rebel-themed meme coin

The meme coin market is transitioning away from Dogecoin (DOGE) and Shiba Inu (SHIB) like references. Rebel Satoshi introduces the first rebel-themed meme coin inspired by Satoshi Nakamoto and Guy Fawkes. The project plans to embody its defiant spirit to take on centralized financial systems and advocate for decentralized finance. 

Aside from these revolutionary ambitions, Rebel Satoshi adheres to what is expected of other meme coins: community-building and amusement. Members will realize the power of building a tight-knit collective through virtual gatherings and interactive quests.

Rebel Satoshi plans to reach $100 million in market cap. The project is on track, judging by the presale of its utility token $RBLZ, which has raised over $1.5 million. $RBLZ offers enticing perks like passive income from staking and entry into the Rebel NFT Vault, where users trade almost 10,000 Rebel Satoshi-branded digital art characters and collectibles.

The token is worth $0.022 during the last presale stage (Monarchs Round 4), 120% higher than its price in the first round from November 2023. Thus, it’s only a matter of time before Rebel Satoshi officially launches. $RBLZ will be worth $0.025, with expectations of a value surge once it’s listed on multiple exchanges.

Finally, let’s cover Filecoin, which may suit non-alternative crypto investors.

Filecoin’s dominance in decentralized file storage networks

First-mover advantage is a powerful element when looking at the best crypto to invest in. Even with competitors like Arweave, Siacoin, and Storj, Filecoin reigns supreme. It boasts the number one market cap in decentralized file storage at $2.9 billion, 4.96x higher than Arweave. 

Competitive changes experienced by Filecoin in 2023 include Bitmain’s launch of a powerful ASIC-based mining machine and the Filstation desktop mining app. Still, the most noteworthy is the Filecoin Virtual Machine (FVM). The FVM has made Filecoin a programmable blockchain, attracting higher inflows and increasing the platform’s revenue.

Despite these positives, the regulatory status of Filecoin remains questionable, especially with the Securities and Exchange Commission flagging the project. Otherwise, Filecoin should continue to thrive. While FIL is down 25% from $8.11 (the 2024 high) to $6.06, forecasts suggest it could hit at least $15 by 2025.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

The post Google Bard endorses Arbitrum, Rebel Satoshi, and Filecoin as top tokens for 2024 appeared first on CoinJournal.

Bitbot presale officially launches, raises $27k in minutes

Key takeaways

The Bitbot presale officially launched a few hours ago, giving investors to purchase the tokens at a discount price

The presale has so far raised more than $25,000 within minutes. 

The cryptocurrency market has underperformed since spot Bitcoin ETFs were launched in the United States. However, the Bitbot presale has launched, granting investors an early chance to purchase the tokens at a discount. 

Bitbot’s presale commences

The cryptocurrency market has been trading sideways since the spot Bitcoin ETFs were approved a week ago. Bitcoin’s price continues to trade sub $43k, with other altcoins also underperforming.

However, trading volume in the market continues to be strong, with more investors entering the space. With that happening, the Bitbot presale officially commenced today.

Bitbot, a Telegram bot, could become a disruptive force, offering a self-custodial trading solution on Telegram. The Bitbot token presale introduces a new wave of excitement and investment opportunities.

According to the development team, Bitbot has a total supply of 1,000,000,000 tokens. The presale will be in eight stages and 30% of the total token supply will be distributed during this period. 

Furthermore, another 20% of the tokens are allocated to the Bitbot development team to fund ongoing innovation, ensuring long-term utility.

Bitbot promises to offer users a wide range of powerful features to help them grow their trading portfolios. The bot features an ultra-flexible wallet management, powered by MPC custodial API technology, making it a unique trading bot. 

Bitbot’s MPC system is far superior to the private keys that are common in the space. The MPC uses individual key shares, boosting privacy and accuracy for the users. 

The trading bot also leverages Knightsafe, its custody partner, to add an extra layer of security, thanks to its open-source and decentralized digital asset self-custody service.

Finally, Bitbot will also use part of the funds raised from the various presale stages to develop anti-MEV and anti-rug solutions for users to protect their assets.

Bitbot presale raises $27k in minutes

The Bitbot presale officially launched a few minutes ago and the project has raised more than $27,000 so far. This represents more than 10% of the funds required in the first presale stage.

It’s Showtime!

The $BITBOT Presale is officially LIVE!

Grab this unique opportunity to be a part of the future of crypto trading.

Join us now and embark on an exciting journey.

66% returns await in stage 1.

Buy Now: https://t.co/ndYiJdkFpv pic.twitter.com/u40naqo8sC

— Bitbot (@Official_Bitbot) January 17, 2024

The team intends to $200,000 in the first presale stage. At the moment, the BITBOT token is sold for $0.01 but is set to increase to $0.015 in the second presale stage. 

Bitbot is available on the Ethereum and BNBChain blockchains. Users can purchase the token using ETH, BNB, USDT and USDC stablecoins. To purchase the tokens, simply connect your wallet to the Bitbot official website and choose the coin you wish to use for payment. 

Is Bitbot a good investment?

The decision to invest in any cryptocurrency is solely up to the investor. The investor needs to carry out in-depth research and determine if the coin or token is worth their money.

However, Bitbot has the potential to become an excellent cryptocurrency project. As the presale launches today, it is crucial to know that Bitbot introduces an anti-MEV bot, preventing monitoring by MEV bots and anti-rug features to thwart potential scams. 

The presence of copy trading features on the trading bot also makes it an exciting tool. Users also get to enjoy a built-in referral program and sign up with ease, creating an enticing user experience.

In terms of tokenomics, Bitbot will share its tokens for various purposes, including development, marketing, and liquidity provision. If the development team achieve the $1 billion market cap set for Bitbot, early investors will rake in excellent returns on investments (ROIs). 

Finally, the upcoming $100K competition adds a layer of excitement, with Bitbot set to attract more traders to its ecosystem. 

Final thoughts

As more traders believe that the Bull Run is here, investors continue to search for gems and Bitbot could be one of the biggest investments in the market. The numbers raised so far from the presale make Bitbot an exciting prospect in the market. 

The post Bitbot presale officially launches, raises $27k in minutes appeared first on CoinJournal.

Klaytn, Finschia eye Web3 dominance in Asia with M&A proposal

Klaytn (KLAY) and Finschia (FNSA) are looking to merge to create a new chain as they look to dominate Asia’s Web3 market.
The integrated blockchain will be compatible with Ethereum EVM and Cosmos (CosmWasm).

Klaytn, the dominant blockchain for Web3 in South Korea and with significant traction in Singapore and Vietnam, has its eyes fixed on taking over the Asian market with a mega merger involving Finschia, a leading public blockchain in Japan. 

Finschia blockchain was previously LINE blockchain.

In an announcement on Tuesday, Klaytn said it had submitted a governance proposal to merge its metaverse and GameFi-focused network with Finschia to “create Asia’s largest Web3 ecosystem.”

The integrated blockchain will inherit and connect Web3 assets based on LINE and Kakao messengers, creating a robust ecosystem with over 250 million user touchpoints in Asia,” the Klaytn Foundation noted.

A new token PDT

Should the proposal sail through, the resulting network will account for over 420 dApps and services as well as involve more than 45 governance partners, according to details in the Klaytn Governance Proposal 25 (KGP-25).

The integration seeks to tap into Klaytn’s DeFi and gaming services and Finschia’s traction across the NFT, payment, and AI services market.

Users will benefit from the interoperability between the two chains and expanded presence across South Korea, Japan, Singapore, Vietnam, Taiwan, Thailand, and Abu Dhabi. The new chain will be compatible with Ethereum (EVM) and Cosmos (CosmWasm).

We weren’t joking when we said 2024 is going to be wild – we’ve just submitted a governance proposal to merge the #Klaytn and @finschia blockchains to create Asia’s largest Web3 ecosystem! Details below 🧵https://t.co/rNsqxxjBsj pic.twitter.com/mvJHPGdYof

— Klaytn (@klaytn_official) January 16, 2024

A new token (tentatively named PDT) will be issued, and will feature new tokenomics different from KLAY and FNSA, the native tokens on the Klaytn and Finschia blockchains respectively. Among key features will be a burn mechanism for 24% of total supply and inflation rate of 5.2%. PDT is also expected to benefit from a 3-layer burning model.

On Wednesday, the KLAY and FNSA tokens traded at $0.22 and $30.34 respectively across the major exchanges. Both were however down nearly 5% as they pared gains seen when the tokens’ price rose sharply late Tuesday.

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Bitget Wallet Launches GetScribe: An All-in-One Solution for Seamless Omnichain Inscriptions

Victoria, Seychelles, January 17th, 2024, Chainwire

Bitget Wallet, a leading Web3 trading wallet (formerly known as BitKeep wallet), has launched a comprehensive inscription ecosystem platform within its wallet dedicated to serving as a one-stop portal for users to access the broader inscriptions ecosystem. As one of the first platforms in the wallet industry to offer full-stack omnichain inscription management, GetScribe offers convenient single and batch inscriptions on both the app and browser extension platforms of Bitget Wallet. Currently, the portal supports 19 different blockchains including Bitcoin, Ethereum, Polygon, Avalanche, with plans to further expand support for more chains in the future.

To keep users informed about the inscription market, GetScribe also integrates an inscription market leaderboard, covering the BTC Ordinals market and providing BRC-20 inscription market information. This real-time ranking list not only updates prices, price fluctuations, and trading information but also presents crucial data on market competition. Through this feature, users stand to gain access to key metrics such as inscribing progress and participant count, aiding them in their inscriptions journey.

Additionally, GetScribe is also set to introduce a launchpad function for BRC-20 tokens, which will feature emerging and popular inscriptions to provide Bitget Wallet users with early-access opportunities and even potential first-mover benefits.

Alvin Kan, Chief Operations Officer of Bitget Wallet, emphasized the company’s dedication to helping users navigate the emerging asset class of inscriptions in a recent closed-door interview, stating that Bitget Wallet will aim to contribute to the burgeoning growth of the inscriptions market against the backdrop of Bitcoin’s growth and momentum set by the Ordinals protocol. The company will also be playing a key role in the fostering of growth of Bitcoin Layer 2 protocols, steering the entire ecosystem towards new innovation frontiers.

On the company’s brand positioning, Alvin added:

“In this volatile bull market, our core value lies in helping users discover new assets and trading opportunities, gaining insights, and grasping new trends. We are committed to creating a rich on-chain asset selection platform, providing powerful on-chain trading services, and combining comprehensive market information to assist decision-making.”

Within the Bitget ecosystem, attention to the inscription ecosystem extends beyond Bitget Wallet to also include Bitget Exchange. Featuring multiple trendy projects such as BRC-20 tokens, Bitget Exchange recently introduced the Spot P2P market, offering an early trading platform for tokens not yet listed on major CEXs. This unique feature allows BRC-20 token trading via various sell orders, ensuring greater trading flexibility and enabling users to effortlessly move from the inscription minting process on Bitget Wallet to actively trading new inscription tokens on the Bitget Exchange.

About Bitget Wallet (Web3 Trading Wallet)

Bitget Wallet, formerly known as BitKeep, stands as Asia’s largest and global frontrunner among all-in-one Web3 multi-chain wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, and more.

With a 5-year legacy, Bitget Wallet has garnered acclaim from over 15 million users worldwide and has secured partnerships with prominent industry leaders including Bitcoin, Ethereum, TRON, BNB Chain, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.

In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet.

For more information, visit:

Website
Twitter
Telegram
Discord

 

Contact

Rachel Cheung
media@bitget.com

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Animoca Brands launches decentralized chess game as Metacade continues to build its metaverse

Animoca Brands launches Anichess, a decentralized chess game with Chess.com and Magnus Carlsen.
Metacade ($MCADE) introduces a unique airdrop offering $500 tokens and governance influence.
Follow a step-by-step guide for the Metacade $MCADE airdrop on DappRadar, engaging in DeFi.

Hong Kong-based Web3 investor Animoca Brands has unveiled the first phase of its revolutionary decentralized chess game, Anichess. In collaboration with Chess.com and five-time World Chess Champion Magnus Carlsen, Anichess introduces a spellbinding strategy to the classic game.

Meanwhile, Metacade ($MCADE) emerges in the metaverse crypto space, offering unique opportunities for crypto enthusiasts and gamers.

Revolutionizing chess game through decentralization

The decentralized chess game launched by Animoca Brands in partnership with Chess.com and Magnus Carlsen goes beyond the traditional boundaries of the classic royal game.

Anichess, currently in its first phase, brings player-versus-environment (PvE) gameplay to the forefront. The game combines traditional chess strategy with innovative elements such as spellcasting, a fantasy storyline, and Web3 functionality. Co-founder Yat Siu emphasizes the fusion of traditional gameplay with these innovative features.

The collaboration with Chess.com and Magnus Carlsen adds a layer of authenticity and expertise to Anichess. Notable chess talents, including Anish Giri and Sopiko Guramishvili, join the initiative, underlining the commitment to catering to a global community of chess enthusiasts.

Metacade’s revolutionizing virtual hangout

Simultaneously, the crypto gaming space sees the emergence of Metacade ($MCADE) and its unique GameFi virtual hangout.

Metacade’s vision is to create a fun and dynamic virtual hangout for GameFi and Web3 participants. Participants can play their favourite games from established play-to-earn projects and increase their chances of winning big prizes. 

Besides being a place to play, the Metacade platform also allows participants to meet fellow gamers, developers, and entrepreneurs who want to share their ideas, interests, talents, and skills.

In that way participants can see what games are trending, view leaderboards, publish reviews, gain access to the most advanced GameFi alpha and interact with other members in real-time and get rewarded with the native MCADE token for their input into the community.

The platform also wants to put games back into the hands of gamers by allowing MCADE token holders to vote on which developer-submitted games will receive funding via their Metagrants scheme.

Conclusion

In the evolving landscape of decentralized finance (DeFi) and decentralized gaming, Animoca Brands and Metacade stand out as pioneers, each bringing innovation to their respective realms. Anichess transforms the traditional chess experience, fusing it with modern elements, while Metacade continues to empower GameFi participants.

As these projects continue to unfold, they showcase the dynamic nature of the blockchain industry and its potential to reshape traditional sectors.

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