Month: February 2024

Taki Games teams up with Two3 Labs to launch NFT game “Puzzle Smoofs”

Taki Games and Two3 are eyeing mainstream adoption of Web3 gaming.
A new NFT game Puzzle Smoofs will help bring more gamers to Web3, with players rewarded using TAKI tokens.
TAKI features a buy-and-burn mechanism, with gamers incentivized to generate revenue.

Taki Games, a social gaming network for mobile, has teamed up with cross-chain Web3 studio Two3 Labs to launch a new “Puzzle Smoofs” mobile game.  

Puzzle Smoofs is targeted to go live on the Taki Games network this March, the two platforms said in a press release shared with CoinJournal.

The new gaming venture adds to Taki Game’s notable Web3 game titles, including Game7 Food Fighter and Pac-Cats. With the partnership with Two3 Labs, Taki is looking to tap into the Smoofs popularity to bring the next billion gamers to Web3.

Weiwei Geng, CEO of Taki Games, noted in a statement:

“By integrating Smoofs IP into this game, we are not only providing players with true ownership of in-game assets but also creating a new avenue for brands to engage with their audience in a meaningful and interactive way. This convergence of gaming and NFTs is poised to reshape the future of entertainment and digital ownership.”

Eyeing the $200+ billion gaming industry

Two3 Labs, the team behind the Cow Cow NFT collection that soared on MultiversX in early 2023, launched the Smoofs NFT collection on Polygon in December 2023. The project is now one of the top NFT collections on Polygon, with over $300,000 in trading volume over the past two months.

Taki Games and Two3 Labs say Puzzle Smoofs’ upcoming launch will extend the Smoofs NFTs’ utility and appeal, with holders getting new benefits and experiences.

“This collaboration with Taki Games and Two3 Labs is an important milestone for us, blending the lines between NFTs and gaming and offering mainstream gamers an innovative way to engage with our brand and community. We are excited to see how this game will bring the Smoofsverse and Web3 culture to a mainstream gaming audience with Taki Games,” said Sorin Diaconu, co-founder of Two3 Labs.

According to the Taki Games team, this partnership will help bring more gamers from the $200 billion+ Web2 gaming industry to Web3.

The native TAKI token, which will be used to reward players, will be a key component of this drive. The network’s buy-and-burn mechanism has already see more than 1 million TAKI burned, according to data from Dune.

In January this year, Taki DAO announced a partnership with Flowdesk, a full-service digital trading firm, to enahcne TAKI liquidity. In December 2023, TAKI’s price soared following Taki Games’ expansion to Polygon.

The token’s value is up nearly 60% in the past 30 days.

The post Taki Games teams up with Two3 Labs to launch NFT game “Puzzle Smoofs” appeared first on CoinJournal.

$ETH Shows Strength as Price Stays Above $3K; How High Will This ERC-20 Memecoin Go in 2024?

Markets are embracing full risk-on behavior. TradFi has an insatiable appetite for Bitcoin ($BTC) and mining stocks, and later this year, the SEC will no doubt approve an Ethereum ($ETH) Spot ETF. What are the top cryptos to buy right now? According to some analysts the answer might be ERC-20s, especially new small caps like Galaxy Fox ($GFOX)

Bitcoin went from $25,000 to nearly $55,000 from approval to post-launch. Ethereum has a smaller market cap and is deflationary. Most people are not ready for what is to come. $ETH shows strength as price stays above $3K. But the real question is how high will this ERC-20 memecoin go in 2024?

Ethereum ($ETH): Holding Ground Above $3,000

Ethereum has finally flipped resistance at $3,000 after nudging against it for several days, and this critical psychological level has quickly been turned into support. Inflows to $ETH are up big, and the enormous success of the Bitcoin Spot ETFs is driving this price action. Imagine if $ETH sees similar inflows. It could potentially outperform $BTC by nature of being a smaller asset.

In possession of a better monetary policy and shaping up to be the institutional adoption technology bet for this cycle, $ETH still looks undervalued despite trading above $3,000. $BTC and $ETH are the perfect crypto for beginners dipping their toes in the space and promise more exciting returns than TradFi.

The Dencun upgrade coming in March is another significant tailwind for Ethereum, and some price estimates put $ETH trading well above $5,000 by the time of the final ETF deadline in May this year. Ethereum showing staggering strength naturally means that the best cryptocurrencies to buy are those housed under its broad umbrella. An ETH-native altcoin season could break out any day now. 

Galaxy Fox ($GFOX): How High Can It Climb In Current Conditions?

Galaxy Fox is a new presale gem that has skyrocketed past $3.6 million in funding and is already labeled as one of the top cryptos to buy right now by some analysts.

Ethereum’s strength creates a vast amount of wealth, and crypto-natives start exploring the risk curve. Those who arrive first profit most, and learning how to buy new crypto before listing is an indispensable skill in bull markets for anybody who wants to 10X their portfolio. Getting in early to $GFOX could see participants enjoy the standard price discovery phase at launch and a powerful second wind if the $ETH ETF gets approved.

Galaxy Fox leverages a hybrid build combining the best of the memecoin and play-to-earn genres. Players can earn by playing its Web3 runner while enjoying the typical explosive upside of a memecoin. Additionally, the ecosystem features a token burn to ensure a deflationary supply and staking rewards are paid out to loyal $GFOX stakers.

The novel implementation of taxes allows $GFOX stakers to earn yield on a deflationary asset, and this entire ecosystem has been built to encourage market activity. Payouts correlated to growth and activity is great news for stakers, and this whole ecosystem could be ready to explode in value. 

Closing Thoughts: Ethereum Ecosystem Strong, ERC-20s Look Poised to Print

Ethereum staying steady above $3,000 gives ERC-20 tokens massive room to run. They could be the obvious top cryptos to buy right now, and the gains could be twofold. An initial leap due to $ETH’s current strong performance and a second leap when the ETF gets approved and institutions start bidding.

Galaxy Fox could be one of the best value buys currently available on the market. Supported by a growing appetite to speculate on memecoins, the rise of the GameFi narrative, and $ETH’s solid performance. With some analysts suggesting $GFOX could 100X in the coming months, this memecoin could be one to watch.


Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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Green Bitcoin Presale Raises $1M as Bitcoin Approaches its ATH

London, United Kingdom, February 29th, 2024, Chainwire

The eco-friendly crypto project Green Bitcoin has seen its limited-time presale phase cross $1 million in funding.

With an innovative gamified staking model and energy-efficient foundation, Green Bitcoin offers token holders a way to stake their tokens and generate yield.

Gamified Staking Model Offers Unique Way to Earn

Green Bitcoin’s gamified staking model offers a unique twist, token holders can try to predict Bitcoin’s daily price movements, and if they are successful they can earn rewards that vary based on accuracy and stake size.

This system resets daily, ensuring continuous engagement.

Unlike typical staking protocols with fixed yields, Green Bitcoin’s model offers a dynamic yield.

As outlined in Green Bitcoin’s whitepaper, the project has allocated over 27% of the total token supply to staking rewards, ensuring a sizable pool of incentives for accurate BTC price predictions.

This pool of funds is set to be distributed over a period of two years.

Green Bitcoin Raises Over $1m Amidst Booming Crypto Market

Building on the crypto market’s resurgence, Green Bitcoin’s presale has passed the $1 million mark, offering potential investors discounted tokens.

Unlike typical presale setups, Green Bitcoin’s team incentivizes long-term holding by allowing users to stake their purchased tokens immediately.

Coinsult, a reputable blockchain security firm, has audited the token’s smart contract.

According to the compay, Green Bitcoin’s social channels are seeing engagement about the project. The project’s Telegram group has seen growth in the past week, with the Green Bitcoin Twitter account growing to 3,400 followers.

Green Bitcoin has even been featured in YouTube videos from names like Crypto Boy, who praised its “Predict-to-Earn” model.

About Green Bitcoin

Green Bitcoin is a new crypto project on the Ethereum chain providing a more eco-friendly, sustainable alternative to Bitcoin, alongside staking rewards for holders and novel ‘predict to earn’ elements including weekly challenges.

The Green Bitcoin project launched in late 2023 with a presale hard cap target of $7 million, with over $1 million raised so far. The smart contract has been audited by Coinsult.

Users can visit Green Bitcoin Presale here


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



Green Bitcoin

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Crypto price predictions: Bitcoin Dogs, Bitgert (BRISE), WAXP

Cryptocurrency prices had a fairly successful week as demand continued rising and as a sense of greed emerged in the market. Bitcoin jumped to over $60,000 while other coins like Dogecoin, Shiba Inu, and Bonk went parabolic. In all, this surge added billions of dollars in the total valuation of all cryptocurrencies. This article provides a forecast for some of the top cryptocurrencies like Bitcoin Dogs, Bitgert (BRISE), and WAXP.

Bitgert (BRISE)  price forecast

Bitgert, like other cryptocurrencies, had a strong performance this week as its token suddenly woke up. The BRISE token surged to a high of $0.00000020, its highest point since December 29th of last year. It has jumped by about 50% from its lowest level this year.

Along the way, the coin has jumped above the 50-day moving average, signaling that bulls are now in control. Most importantly, there are signs that the token formed a double-bottom pattern at $0.00000013. In most cases, this pattern is one of the most bullish signs in the market. 

The neckline of the double-bottom pattern is at $0.0000030. Additionally, Bitgert’s volume has also jumped sharply. Therefore, there is a likelihood that the token will continue soaring as buyers target the key resistance point at $0.00000030, which is about 60% from the current level.

On the other hand, a break below the double-bottom point at $0.000000013 will point to more downside. 

Bitcoin Dogs price forecast

Bitcoin Dogs, an upcoming cryptocurrency, was one of the top-performing players in the industry as its token sale accelerated. The developers have now raised over $5.6 million from global investors. This is notable since the fundraising started about two weeks ago. If this trend continues, there is a likelihood that the developers will scoop more money than this.

Bitcoin Dogs is a blockchain that has become the first ICO in the Bitcoin ecosystem. The developers aim to create a fully-functional ecosystem that will have substantial utility. This utility will happen in the form of a set of 10,000 NFT collection in Ordinals form.

At the same time, they plan to venture in the blockchain gaming industry that is expected to thrive in this crypto bull run. The goal is to create an entertaining game that people can interact with and earn rewards in the form of the $ODOG token.

This is happening at a time when interest in the Bitcoin ecosystem is rising. We have seen developers like Stacks and Internet Computer become some of the top performers in the industry. Also, Bitcoin Ordinals have become some of the best performers in the NFT industry.

WAXP price forecast

Meanwhile, the WAXP token price made a strong bullish breakout this week as demand for altcoins jumped. It jumped to a high of $0.098, its highest point since 2022. It has jumped by more than 158% from its lowest point in October last year.

As it jumped, the token has moved above the important resistance level at $0.0775, its highest swing in December last year. Subsequently, WAXP price has jumped above the 50-day and 25-day moving averages. The Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the overbought level.

Therefore, the outlook for the token will continue rising as buyers target the next important resistance point at $010. However, a pullback is also possible as some investors start to take profits.

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Polygon (MATIC) Shocks Traders With Price Pump as Presale Frenzy Grows for Last Minute Purchase on Rebel Satoshi ($RBLZ) Presale


Experts are optimistic that Polygon (MATIC) can grow in price by 55% in 2024.
Investors flock to the last presale stage of Rebel Satoshi ($RBLZ) as FOMO soars. $RBLZ has brought stunning gain prospects for investors.

Over the past week, Polygon (MATIC) has sent shockwaves in the crypto landscape with a stunning price pump. Meanwhile, the presale frenzy has skyrocketed as Rebel Satoshi ($RBLZ) prepares for its DEX launch.

Let’s discuss the latest developments around MATIC and $RBLZ to find the best crypto investment opportunity!

Polygon Partners With Arianee for Dedicated Chain Development

On February 22, 2024, Polygon announced its partnership with Arianee. Arianee is set to launch a dedicated chain utilizing the Polygon Chain Development Kit (CDK) to disclose the full potential of DPPs and engagement tokens at scale.

This dedicated Layer-2 (L2) application-specific chain, powered by zero-knowledge (ZK) technology, aims to empower renowned brands like Audemars Piguet, Breitling, Panerai, Mugler, and Moncler to introduce their own DPPs and loyalty tokens.

By leveraging Polygon CDK, Arianee is facilitating a cost-effective, scalable, performant, and customizable solution for companies seeking to enhance their engagement strategies.

Meanwhile, the price of Polygon’s native token, MATIC, has seen a considerable increase over the past week. From a price of $0.9063 one week ago, MATIC’s value has surged to $1.0290, marking a significant increase of 13.5%. This remarkable price surge places MATIC among altcoins to watch ahead.

Looking forward to 2024, experts remain bullish on the price outlook for Polygon. It is predicted that MATIC will experience a further increase of 55% to reach $1.60 by the end of the year. This optimistic forecast is driven by the anticipation of an upcoming bull run in the cryptocurrency market and the growing popularity of Polygon’s solutions.

However, there exists the possibility of MATIC staying below $1.43 in 2024 if bearish market sentiments prevail.

Investors Amass $RBLZ Tokens for a 150% Profit in Early March

Amidst the unexpected price surge of Polygon, which has left traders both surprised and delighted, Rebel Satoshi, a new investment opportunity, is capturing the market’s attention. This emerging meme coin is quickly becoming a top ICO choice for many investors.

Rebel Satoshi stands out among new ICOs with a bold mission: to blend the viral appeal of meme culture with powerful tokenomics and a community-first approach. Rebel Satoshi is carving out a unique niche in the crowded cryptocurrency landscape by prioritizing user engagement and utility.

The presale of Rebel Satoshi has been a journey marked by significant achievements, especially a 140% price growth, showcasing the crypto community’s strong faith in its potential, with some investors predicting it could be the best ICO right now. Starting at just $0.010 per $RBLZ in its Early Bird Round, the price has climbed to $0.024 per $RBLZ in Recusants Round 5, with the project raising over $2.2 million to date.

As Rebel Satoshi gears up for its highly anticipated launch on DEXs in early March at $0.025 per $RBLZ, investors are flocking to amass $RBLZ tokens, drawn by the prospect of a 150% profit for those who got in early, and an even higher ROI after the token launches.

Moreover, the option to purchase $RBLZ tokens with 50 top crypto coins, including Bitcoin, makes it accessible to a wide array of investors!

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

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Spot Bitcoin ETFs shatter trading record with $7.69 billion

Spot Bitcoin ETFs recorded a staggering $7.69 billion in trading volumes on February 28.
Top ETF volumes were with BlackRock’s IBIT, Grayscale’s GBTC and Fidelity’s FBTC.
Bitcoin price also rose sharply on Monday, hitting highs of $64k before paring gains amid Coinbase network issues.

Relentless demand for the recently approved spot Bitcoin ETFs has pushed the trading volumes to a new record.

On Wednesday, the US spot Bitcoin ETFs saw an incredible $7.69 billion in volume. According to market data tracking the performance of these products, Wednesday’s huge trading volumes shattered the previous day’s nearly 2x.

Leading the charge as has happened in recent weeks is BlackRock’s iShares Bitcoin Trust (IBIT), with over $3.3 billion to account for nearly 44% of the total volume. IBIT did more than $1.3 billion on Monday.

Grayscale’s Bitcoin Trust (GBTC) and Fidelity’s Bitcoin Fund (FBTC) also hit past the billion milestone, recording $1.86 billion and $1.44 billion respectively.

RIDIC: the New Nine doubled their volume record (set Monday) with just about $6b traded.. $IBIT led w $3.3b of it, Fidelity did $1.4b (both double their prev records). The total number of trades was double too, over half a million individual trades bt them. $IBIT alone > $QQQ.

— Eric Balchunas (@EricBalchunas) February 28, 2024

Commenting on the massive traction, ETF analyst Eric Balchunas noted that the upsurge seems to be organic and not catalysed by algorithmic or arbitrage trading. He noted on X:

I asked around to some mkt makers and most say this volume is largely function of natural demand vs algo/arb type volume. Word is wirehouse platforms are seriously looking at adding them soon. I’m sure pressure is mounting for them. They like to see track record and get paid off but w grassroots demand like this they gonna have to expedite.”

The frenzy is also showing in the Bitcoin futures ETFs market, Balchunas noted. With BITO, BITX and BITI all up on volume, the total for the Bitcoin ETFs approached the $10 billion mark.

Bitcoin price hits $64k

Bitcoin price has rallied since the SEC approved the spot Bitcoin ETFs in January, with the latest explosion sending the flagship cryptocurrency’s value past the $64,000 level. As Bitcoin’s halving approaches, analysts say BTC price could soar to a new all-time high above $100k in 2024.

BTC traded around $62,570 on Thursday morning, up 5.3% in the past 24 hours and 22% in the past week.

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Solana-based MixMob bags Star Wars Stormtrooper NFT licensing rights

MixMob secures Star Wars licensing for Solana game, adding Stormtroopers to Racer 1 as NFTs.
Plans to secure three more licenses in 2024, signalling commitment to expanding partnerships.
MXM token gains 7.66% in 24 hours, highlighting market interest.

MixMob, the Solana-based gaming platform, has inked a significant deal, acquiring licensing rights to integrate iconic Star Wars Stormtroopers into its upcoming game, Racer 1.

 This move marks MixMob’s foray into official licensing agreements and solidifies its commitment to enriching the gaming experience on the Solana blockchain.

Bringing Star Wars to Solana

MixMob’s licensing agreement grants it the exclusive rights to feature the legendary Original Stormtrooper character from the renowned Star Wars franchise in its Solana-based game, Racer 1.

Stormtroopers non-fungible tokens (NFTs) will soon become collectible assets within the game, adding a touch of the beloved Star Wars universe to the burgeoning world of Solana gaming.

Stormtroopers, recognized as emblematic soldiers within the Star Wars saga, hold immense cultural significance and are poised to captivate gaming enthusiasts on the Solana blockchain. MixMob’s strategic move to incorporate these iconic characters underscores its dedication to delivering immersive and engaging gaming experiences to its users.

MixMob’s expansion plans

MixMob’s acquisition of the Star Wars licensing rights represents the initiation of its official licensing strategy. The company aims to expand its licensing portfolio further by securing three additional licenses throughout 2024.

This ambitious agenda highlights MixMob’s commitment to partnering with established intellectual properties to enhance its gaming offerings and foster a dynamic gaming ecosystem on Solana.

MixMob’s governance token, MXM, has shown resilience, with a 7.66% increase in value over the past 24 hours to trade at $0.09881 at press time.

MixMob’s strategic collaboration with Star Wars signifies a pivotal moment in the evolution of Solana gaming, as iconic characters from the legendary franchise make their debut in the digital realm.

As MixMob prepares to unleash the power of the Force onto the Solana blockchain, gaming enthusiasts can anticipate an exhilarating journey into the heart of the Star Wars universe, brought to life in the immersive world of Racer 1.

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LTO Network makes their Layer-1 blockchain available for the fight against counterfeit goods

Amsterdam, Netherlands, February 29th, 2024, Chainwire

Scantrust and LTO Network Partnering for Secure, Transparent items.

Scantrust’s innovative Secure QR codes, a well-known and proven tool against counterfeiting, can now be used in conjunction with LTO Network’s secure, transparent blockchain technology. This allows organizations that depend on critical documents and high-value, luxury goods to have additional options to establish and maintain a new level of trust and accountability.

Any item with Scantrust Secure QR codes can have their authenticity verified in a matter of seconds using a mobile phone. With the LTO Network, an additional, immutable digital audit trail for information can be added, creating a secure data anchor for government certificates, product and safety certifications, diamond certificates, warranty cards for luxury goods (e.g. watches) and any other high-value items.

The LTO Network blockchain also supports a new way to track supply chain information. By integrating blockchain for enhanced transparency and immutability, counterfeiters are blocked from easily faking the origin of the counterfeit items they sell. In an industry plagued by a $500 billion counterfeiting problem, these tools represent a significant step forward in protecting businesses and safeguarding consumers.

The option to integrate LTO Network’s technology with Scantrust Secure QR codes is part of a vision for a future where trust is built into the very fabric of our transactions and trades. For Scantrust, it’s an opportunity to expand their reach and further their mission of document security. For LTO Network, it’s about adding a powerful document security layer to their suite of privacy-focused solutions, offering their clients a comprehensive package for building trust in today’s digital world.

About LTO Network

LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security and Identity solutions.

The platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.

LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.

LTO Network’s KYC services help maintain compliance with anti-money laundering laws as well as offering proof of humanity services to protect Web3 and DeFi platforms from bots.

About Scantrust

Scantrust helps manage and resolve counterfeit product problems, address supply chain traceability and inventory management challenges, and provides tools for regulatory compliance related to product data requirements. Maintain and build your brand’s integrity, gather detailed consumer insights, and simplify your traceability regulatory compliance efforts. Learn more at




Shawn Naderi
LTO Network BV

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BEAM And Chiliz (CHZ) Retain Gains Amid Market Correction While NuggetRush Emerges As New Market Sensation


Investors are impressed with Beam’s February recovery.
Chiliz (CHZ) has also jumped to the $0.10 range.
NuggetRush (NUGX) has sold nearly 200 million tokens as its presale glory continues.

Beam has launched its bridge to Ethereum. Paris Saint Germain (PSG) has joined Chiliz as a validator.

NuggetRush (NUGX) has also gone a step closer towards launching its mining game after selling over 199 million tokens. Its mining adventures will offer gold rewards to gamers once it goes live. Yet, can NUGX join the best cryptocurrency investments of 2024? Let’s discuss.

>> Buy NuggetRush Now <<

BeamPrivacy Records February Surge

Beam has enjoyed increased investor sentiment in mid-February, continuing its late 2023 surge. Like many top altcoins that rallied at the end of 2023, Beam recorded a price decline in January. 

However, Beam has now recovered amid increased interest in its privacy tokens. BEAM traded at $0.09929 on January 15. It jumped by 3.9% to $0.1032 on February 9. BEAM fell by 5.4% to $0.09756 on February 12 before jumping by 14.5% to $0.1118 on February 23.

Analysts expect a jump in Beam’s services following the launch of its bridge to the Ethereum ecosystem. The bridge would enable smooth cross-chain transactions between both networks. 

Furthermore, demand for privacy coins is rising, as evidenced by Litecoin’s launch of Mimblewimble. Such demand could increase FOMO around BEAM, potentially pushing its price up by 34.9% to $0.1509.

Chiliz Partners with PSG Soccer Team

Chiliz (CHZ) has announced that Paris Saint-Germain (PSG), a French soccer club, would join its network. PSG would become a validator on the Chiliz chain. Furthermore, PSG announced that it would spend its revenue from validating Chiliz on buying fan tokens. The move represents Chiliz’s (CHZ) plans for network expansion.

The excitement around the news could boost CHZ’s recent performance. CHZ traded at $0.07759 on January 8. Over two weeks later, CHZ jumped by 38.9% to $0.1078 on January 25. CHZ fell by 7.9% to $0.09923 on February 5 before a 27.1% increase to $0.1262.

Chiliz (CHZ) could jump further due to plans for its Tokenomics 2.0 model. The upgraded tokenomics model would include a gradual decline in its annual inflation rate and a perpetual token burn mechanism. 

Increased token burns could boost demand for Chiliz, thus pushing CHZ’s value up by 23.2% to $0.1555. Furthermore, such price increase would boost its standing among other altcoins.

Experts Reveal Bewilderment as NuggetRush’s Presale  Reaches New Highs

NuggetRush’s (NUGX) combination of valuable gaming rewards and challenging mining experiences will soon be available for crypto gamers. When it launches, gamers will easily set up mining gigs in its ecosystem, earning high-value rewards.

A key aspect of the gameplay on NuggetRush (NUGX) is equipping yourself to have a mining operation. This involves the purchase of machinery and workers from the game’s marketplace. Skillful selection of game assets is necessary. Characters possess different levels of skill, luck, and rarity.

NuggetRush’s (NUGX) NFT assets are also part of the valuable financial collectibles in the game. You can sell your NFT avatars to other gamers, earning money for your game collectibles. Players can also reap up to 20% APY if they stake their NuggetRush (NUGX) NFTs for a fixed period.

NuggetRush (NUGX) could be about to eclipse many other gaming altcoins. Its blockchain ICO has sold nearly 200 million NUGX tokens despite being less than two months away from the project’s official launch. Decentralized exchanges will list NUGX after a value pump to $0.020, a 5.2% increase from its current value of $0.019.

Visit NuggetRush Presale Website

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Floki DAO outlines proposal to burn 190 billion tokens

New proposal seeks to burn 190 billion FLOKI tokens.
Over $11 million worth of FLOKI tokens to be permanently removed if vote passes.
Will FLOKI price explode?

A new Floki DAO proposal seeks to reduce the cryptocurrency project’s total supply by a staggering 190 billion tokens.

The FLOKI developer team  says the massive burn will account for 2% of the circulating supply.

We would like to put forward a proposal for another massive $FLOKI token burn, similar to the one we had in January 2023. This time around, we’re proposing a burn of 190,918,585,431.84 $FLOKI tokens. That’s around 2% of the token’s current circulating supply, which is currently worth around $11 million,” the proposal reads.

According to details of the new DAO proposal, the token burn will help with the long-term security and stability of the Floki network. By burning these tokens, it ensures they are permanently removed.

The tokens in question are held in a multisig wallet since Floki “narrowly” escaped the implosion that hit the cross-chain bridge Multchain after a $130 million exploit. The team says burning these $190 billion FLOKI tokens is the “only trustless way to guarantee that they NEVER enter into circulation.”

A community vote on the proposal runs from February 29, 2024 to March 2, 2024. A snapshot of the vote shows 84% of votes are so far in favour of the burn.

If the Floki DAO votes in favor of burning these tokens, they will be burned within a week of the DAO vote passing. If the Floki DAO votes against burning these tokens, they will be kept in the Floki treasury for future use,” the developer team said.

FLOKI price

In January 2023, Floki burned more than $124 million worth of its native tokens. The price of the meme coin jumped more than 70% following the historic burn. In recent weeks, the FLOKI price has also jumped as meme coins rally amid Bitcoin’s uptick to a multi-year high of $64k.

Also notable was reports that digital asset firm DWF Labs was to market-purchase $10 million of FLOKI over the next two years. FLOKI price soared after the news before paring some of the gains.

Prices are however 67% up in the past week at the time of writing.

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