The Zkasino team announced on May 28 that it had initiated a two-step bridge back process, allowing users to retrieve their ethereum tokens. Users have between May 28 and May 31 to bridge back their funds, after which the signup process will be closed, and deposits will be halted. Rug Pull Allegations The team behind […]
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STEPN Kickstarts Gamers’ Interest As GMT Capitalizes On Bullish Retracement
And the game is on for STEPN as the GMT token plays in sync with other cryptocurrencies amplified for the bull run. In the past couple of weeks, STEPN has been making upgrades on its network to rekindle the waning interest of gamers. And the token seems to be making a lot of progress.
The move-to-earn game has recently rolled out Health Points that set a certain life cycle for STEPN sneakers. They also were brewing an exciting STEPNrun Contest that is scheduled to kick off from July 25 to August 8 which is meant to get the word out about STEPN on social media. The contest is designed to run on both Instagram and Twitter.
GMT Token Price Warms Up At .01
The GMT token price is currently at .01 and is forecasted to take off in the past couple of days. It looks like STEPN is just warming up at this point with its recent updates.
When the contest was launched, GMT tokens gained support and advanced to .92. The GMT price has since then remarkably increased by 4% as seen in the past few days.
Alongside the GMT price growth, trading volume also surged for the same period. GMT’s trading volume has spiked by over 25% or at 492.16 million as of this writing. It only took a couple of days for the token to gain some traction. Additionally, GMT’s total token’s market cap has also jumped to 6.36 million from 3.76 million.
With the prices still showing an upward trend overnight, CoinMarketCap showed a 4.12% spike in STEPN’s GMT price in the last 24 hours.
STEPN’s GMT Token Set To Go Bullish In Coming Days
Meanwhile, STEPN’s GMT token seems to be hovering towards the overbought domain as seen on the 4-hour chat with the Money Flow Index or MFI at 74.02. Moreover, the token’s RSI was also spotted at 59.63.
On the other hand, GMT’s social dominance has lagged behind by 23%. Its social volume also declined by 67% as seen in the past couple of days. The token is seen to be moderately volatile or on the average when pitted against other cryptocurrencies.
With that being said, STEPN is currently in the top 43% of cryptocurrencies in terms of volatility.
STEPN’s GMT price is geared for an uptrend. With resistance at .03 and support found at .935037596620583, this sets up STEPN to go for a bullish movement before it faces hurdles from selling pressures.
Crypto total market cap at .06 trillion on the daily chart | Source: TradingView.com
Featured image from Atomic Wallet, chart from TradingView.com
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Infinite Launch Kickstarts 2022 With 5 Promising IDO Events
Despite having just broken into the Crypto market for 1 month, Infinite Launch has 5 up & coming blockchain-game, metaverse projects in the pipeline for their community of investors.
Bullieverse – A fantasy metaverse island for extraordinary gaming experiences
Bullieverse is building an open Metaverse world on Unreal Engine where our community can create, play games and earn rewards or NFTs in a fair and transparent way. Play-Earn-Own-Experience is all Bullieverse wishes to bring to its users.
Within just 8 months, the project has successfully grown its team to 27 members and a community of 40,000 on Discord and Twitter. In August, Bullieverse sold its first NFT collection and successfully raised million. Bullieverse’s first game, Bear Hunt, will launch at the end of this year and will be one of the first “play to earn” 3D games. The project possesses outstanding backers such as Sfermion, Good Games Guild, EXT Network, Krypital, 6thMan Ventures, Infinite Launchpad, LD Capital, ZBS Capital, Maven Capital, Lithium, IBA, and Shima capital.
Bullieverse was created on Web 3.0 by a platform that enables ownership of digital assets on the internet with NFT, allowing users to collaborate on a large scale with the DAO. Web 3.0 is how Metaverse 2.0 became open, controllable and truly empowered for all.
Battle of Guardians – The next-gen blockchain multiplayer game NFT
Battle of Guardians (BOG), as the pioneer of NFT fighting games, will come up with three game modes for players to take part in. The modes include Story (PvE), Arena (PvP) and Bout (PvP). Players engage in fierce multi-realm battles in an expansive game world to defeat other players to earn rewards. Additionally, the Solana network supports this new title, which is brought to life with Unreal Engine. Battle of Guardians (BOG) has just declared a cooperation partnership with Good Games Guild, Miracle Gates Entertainment và Big Fire Studios.
Founders of this game aim to develop a dedicated NTF Marketplace where players can easily trade with various NFT assets earned in the game and create a thriving economy.
Arenum
Arenum is the next step in the evolution of commercial and technological infrastructure of web3 gaming, and it is also the first platform for Mobile Esports Tournaments. Arenum is the evolution of Solanaverse and Web3 gaming infrastructure, which provides rewarding incentives for developers and gamers alike. Leveraging it’s powerful SDKs, Arenum aims to become the Epic Store of Solanaverse that brings together game devs, gamers and influencers.
Arenum promotes Player-versus-Player tournaments and additionally provides an eSports layer to every game that it is supporting in order to empower developers, gamers and all influencers. The Arenum platform is an encrypted ecosystem where all participants can experience on-chain interoperability in a censorship-resistant environment.
Modern connection with tournament tools will be supplied by the Arenum platform that fully deploys both synchronized and unsynchronized PvP bouts just by a click. Accompanied by NTF-enabled Metaverse, Arenum encourages players to compete against each other in the games they favor to unlock brand new, unique NFTs within their own game.
GalaxyBlitzGame
In recent times, the game blockchain space has been motivated considerably by the advent of the Play-to-Earn (P2E) model. GalaxyBlitzGame is a combat strategy NTF game where players can combine the use of real-world, usable tokens with high-octane gameplay and extensive history and lore for a unique player experience.
Galaxy Blitz is a Play-To-Earn combat strategy NFT game. The game is set in the future, as four unique highly evolved descendants of humanity fight for dominance in battles on both land and in space. With Galaxy Glitz you will be able to build a powerful interstellar army, conquer other players’ bases and resources, sell your produced minerals, build a strong troop complex with other players and begin the majestic battle of combined fleets.
The team is dedicated to providing players with cutting-edge experience and they see great potential in utilizing Augmented Reality (AR) to further improve the immersion and the overall experience for their players. Players will use MIT tokens to purchase tokens and NFTs in game. Rewards, such as MIT or NFT tokens, can be exchanged or sold for crypto or fiat money.
Colizeum
Colizeum SDK is a frictionless shortcut for mobile game developers to implement tokenised game modes and Play-To-Earn economy without prior knowledge in blockchain development. Game developers will be able to add tokenized game mode monetization on top of their existing (traditional) monetization or build blockchain native games.
Colizeum provides cloud-based tokenized tournaments, prediction markets, and a global attention marketplace for blockchain-games — all brought together on the Cardano blockchain. Colizeum is the latest project to be built by Beetroot Lab, the team behind the “Dystopia: Contest of Heroes” mobile strategy game. We are planning to add this mobile title to be the first game on Colizeum ecosystem in order to test all SDK features and economy before we offer this solution to 3rd-party developers.
Infinite Launch: A novel and straightforward method to participate in your favorite projects’ IDOs
You do not have to struggle for FCFS or conduct any tasks to get whitelisted. Now when owning a $ILA (Infinite Launch) token at a certain Tier level or purchasing Bony Bastards NFT on Infinite Launch, investors will immediately have a slot to attend IDO at the best price from extremely hot projects. To participate, investors can refer to the following instructions:
Step 1: Register and complete KYC at https://infinitelaunch.io/
Step 2: Buy $ILA or Bony Bastards NFT. You will earn for each IDO project on Infinite Launch for 01 Bony.
Step 3: Block $ILA to achieve the Tier target. When locking at least 4000 $ILA, you will be shared for each IDO project on Infinite Launch.
Thus, it is believed that investors are assured to purchase IDO at the most attractive rate ever up to 00 with an impressive APR by owning many $ILA tokens and achieving a higher Tier rank on Infinite Launch. Don’t miss out on this exciting investment opportunity.
Disclaimer: All information is provided with sharing purposes, not advice for investment.
About Infinite Launch
Infinite Launch is a cross-chain launchpad for hand-picked DeFi & NFT projects, with the first-ever mechanism where investors can lock away their tokens for guaranteed IDO allocations. Its mission is to create a decentralized and convenient platform for unique crypto projects to acquire the funding they deserve.
Through implementing its innovative allocation system, Infinite Launch established itself as one of the leading Launchpads.
BazarSwap, World’s First Decentralized P2P Exchange for ERC20 Tokens Kickstarts Operations
The Ethereum blockchain has laid the foundation for the entire DApps revolution. Playing a major role in the industry’s growth are ERC20 tokens that fuel almost all projects that are built on top of the Ethereum blockchain. While the number of ERC20 tokens continues to rise, the sector lacked dedicated trading infrastructure until BazarSwap came along.
BazarSwap is the world’s first decentralized OTC trading platform dedicated to ERC20 tokens. Created by the team behind Minereum Project – the first-ever self-mining crypto smart contract and token creation service, BazarSwap offers plenty of advantages over regular, centralized exchange and trading platforms dealing with ERC20 tokens. As a transparent, decentralized OTC exchange, it makes extensive use of auditable smart contracts while ensuring that users are always in control of their funds.
Features that Put Other Exchanges to Shame
Onn BazarSwap, users can trade any ERC20 token directly from their wallets. The platform is designed in such a way that the transfer of tokens put on sale will be transferred to the buyer’s wallet only after successful trade execution.
Participating in trades on BazarSwap requires users to connect their wallets once, and any balance in the connected wallet will automatically become available for sale. All connected wallets with a positive balance will be listed on the BazarSwap trade page and at any point in time, the user can delist their wallet by transferring all the tokens out of the connected wallet. Similarly, to reinitiate trading, they just have to fund the wallet again to get automatically listed on the platform. There is no limit to the number of addresses one can create to buy and sell ERC20 tokens at different prices.
By design, BazarSwap does not require a liquidity mechanism as the supply and demand are decided by user participation. In addition, the platform does not exhibit slippage and is capable of keeping the transaction gas costs at the minimum. Further sweetening the deal, BazarSwap has completely waived off exchange fees for now. However, the platform may start charging nominal fees in the near future, which is to be distributed among Minereum Fee Share Holders.
To become a Minereum Fee Share Holder and receive a share in the platform’s revenues, users can purchase the shares on Minereum Fee Share DEX against MNE payment.
Lucky Ones to Win Up to 6 ETH
Celebrating the landmark moment in Ethereum’s history, Minereum has announced a lucky draw promotion. Users can avail a free ticket for the promotion after setting up a token for sale on the BazarSwap exchange. The ticket can be collected from Minereum Lucky Draw page by entering the token contract address. Once collected, they must play the ticket before it expires to stand a chance to win as much as 6 ETH.
Along with BazarSwap, Minereum has also launched Coinleet, a cryptocurrency ranking platform that allows users to discover the best crypto based on its popularity and not marketcap or trading volumes. Ranking by popularity not only helps crypto users learn about the prevailing trends in the crypto industry but also offers them an opportunity to benefit by trading the ones in high demand at the right time.
Start trading on BazarSwap — https://bazarswap.com/
Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment
Wall Street has been all over Bitcoin over the past few months due to the growth in the need for an inflation hedge and a relative stagnation in the price of gold relative to other asset classes. This much was confirmed just recently when a Wall Street veteran and former White House staffer launched a BTC fund with his own million investment, showing that there is demand for the leading crypto asset.
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom
Scaramucci Kickstarts Bitcoin Fund
According to Yahoo Finance, Anthony Scaramucci, the founder of .2 billion fund-of-funds SkyBridge Capital, has launched a Bitcoin fund to enable registered investment advisors (RIAs) to invest in BTC.
SKyBridge, which will be operating the fund, recently filed a Form D with the Securities and Exchange Commission for this new fund.
To kickstart the fund and show that he has faith in it, founder Scaramucci has put million of his own capital into the fund.
He thinks that this fund will allow a broader number of investors to gain exposure to BTC. The issue is that many institutional players or even retail traders find it hard to invest in BTC.
Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin
Wall Street Support Swells
In a sign of continued Wall Street support of Bitcoin, the amount of coins on exchanges has been in a steep decline. Referencing the chart seen below, Rafael Schultze Kraft, CTO of Glassnode, recently stated:
“#Bitcoin is in a supply and liquidity crisis. This is extremely bullish! And highly underrated. I believe we will see this significantly reflected in Bitcoin’s price in the upcoming months. Let’s take a look at the data.”
Chart of BTC's price action over the past decade with an on-chain analysis of btc on exchanges from Rafael Schutlze Kraft, CTO of Glassnode Chart from Glassnode, a crypto data source
#Bitcoin is in a supply and liquidity crisis.
This is extremely bullish! And highly underrated.
I believe we will see this significantly reflected in Bitcoin’s price in the upcoming months.
Let’s take a look at the data.
A thread 👇👇👇 pic.twitter.com/vx6rJmiloE
— Rafael Schultze-Kraft (@n3ocortex) December 21, 2020
A large buyer of these coins is MicroStrategy. The American business services company wrote in a press release published earlier this week that it has purchased 0,000,000 worth of BTC:
“TYSONS CORNER, Va.–(BUSINESS WIRE)–Dec. 21, 2020– MicroStrategy® Incorporated (Nasdaq: MSTR) (the “Company”), the largest independent publicly-traded business intelligence company, today announced that it had purchased an additional approximately 29,646 bitcoins for approximately 0.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately ,925 per bitcoin, inclusive of fees and expenses.”
The company believes that BTC will appreciate over time to outpace the growth in the value of its debt, as it purchased these coins with debt generated through the sale of senior convertible notes.
Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Wall Street Veteran Kickstarts Own BTC Fund With m Investment
OKEx Kickstarts OKChain Hackathon to Promote Advancements in Commercial Public Chain Infrastructure
OKEx has been a leading exchange and trading platform in the crypto industry. It is known for its long list of products and features that offer plenty of options across a variety of assets to the crypto trading community. However, the company’s mission is no longer confined to growing its own ecosystem as it embarks on developing the OKChain commercial public blockchain.
With the OKChain testnet already in place, and the code uploaded on GitHub to make the blockchain open-source, OKEx has now announced the launch of the OKChain hackathon. It is the very first hackathon organized by the company to encourage the development of decentralized applications on the OKChain commercial public chain.
Launched earlier this year, OKChain’s codebase was made open source in April 2020. Last month witnessed the release of the latest version (ver 0.10) of OKChain that included validator selection and dividend mechanism, making it the first public chain created by a crypto exchange to support access of third-party institutions. During the hackathon, developers from across the world can create OKChain based products and services like development tools, delegator service products, market computing plugin, SDK, and staking service products. Participation is open till July 20, 2020, and the hackathon winners stand to receive up to 00 equivalent in OKB as rewards.
Announcing the decision to turn OKChain into a collaborative ecosystem rather than limiting its use exclusively for the OKEx ecosystem, CEO of OKEx Jay Hao said, “Adhering to the original spirit of blockchain, OKChain won’t become an extension of the exchange, but an independent ecology. We are looking forward to co-constructing an open, decentralized, practical, and diverse ecosystem with our global users. Now users can realize their will through the voting mechanism, develop their own DEX or dApp and list their own trading pairs freely based on the latest version of OKChain testnet.”
The active involvement of developers and users in the OKChain ecosystem through various initiatives like the hackathon will accelerate the development and testing of the public chain, which in turn could help in establishing the OKChain much sooner.
With OKChain OKEx is offering an advanced commercial blockchain ecosystem to the industry. The peer-to-peer network is completely decentralized with irreversibility and efficient autonomy in its source code. The design makes it impossible for anyone including its developer OKEx to manipulate the decentralized ledger. The node runners on OKChain enjoy high levels of autonomy, allowing them to come to a consensus to effect any development without requiring authorization from its creators. The voting and consensus mechanism on OKChain is managed using the native OKT token which follows an inflationary model.
The latest release of OKChain further optimizes the cost of operating nodes by implementing the concept of OpenDEX model and DEX Operator. It allows the separation of public chain operator from DEX operator to reduce the server and technology costs incurred by the nodes while ensuring future continuous benefits for operators. Contributors to the OKChain stand to receive multiple benefits including block generation rewards, voting reward, mining fee, transaction fee and more.
Learn more about the OKChain Hackathon here