The National Ulema Council (MUI), Indonesia’s top Islamic scholarly body, has reportedly found cryptocurrencies like Bitcoin (BTC) to be haram, or forbidden, by the tenets of Islam.
Asrorun Niam Sholeh, chairman of MUI’s Fatwa Commission, confirmed the religious authority’s rejection of cryptocurrencies due to alleged elements of “uncertainty, wagering and harm.”
In order for the MIU to endorse crypto trading, cryptocurrencies like Bitcoin need to abide by Shariah guidelines as a commodity or a digital asset and show a “clear benefit,” Sholeh reportedly said following an expert MIU hearing.
The MIU discussed Bitcoin as part of the Ulama Fatwa Commission, which is designed to address some of Indonesia’s biggest social, political, economic and legal issues through the lens of Islamic law.
The MIU’s East Java branch previously issued a fatwa — a “formal ruling or interpretation on a point of Islamic law given by a qualified legal scholar” —declaring the use of cryptocurrency haram in late October.
While the MIU is a government-funded organization, the council’s latest decision is reportedly not legally binding. Despite the MUI admitting that the fatwa is not law in Indonesia, it still can be used as a source of “legislative inspiration,” according to some sources.
According to Bloomberg, the latest decision from the MUI doesn’t mean that all crypto trading will be stopped in Indonesia. However, the council could deter Muslims from investing in crypto and make local institutions reconsider issuing crypto assets.
Related: Indonesia leads global surge in interest in crypto
The news comes shortly after Bitcoin briefly passed the $69,000 price mark for the first time in history on Nov. 10.
The Indonesian government has taken a mixed stance on crypto regulation. Despite putting a blanket ban on cryptocurrency payments back in 2017, local authorities have preferred to keep crypto trading legal. In August, local crypto exchange Pintu raised $35 million from some of the biggest investors in the crypto and blockchain industry.
PRESS RELEASE. Dubai, UAE, 5th November 2021 — Mintverse, a new and improved NFT service platform, closes their seed round raising $1.5 million from private investors. Led by A&T capital, and other large investment firms including Mirana Ventures, Longling Capital, Genesis Block Ventures, FBG, Fenbushi Capital, Cipholio Ventures, Nebulas, Ceras Ventures, NDG and other individual angel investors, Mintverse aims to be a community-based initiative to provide products and services that explore future use cases of NFTs.
It is expected to feature a completely decentralized service platform and incubator for more than just NFT based projects. Mintverse will use the funds raised to further develop the existing platform and release future product offerings to tackle the current problems faced within the industry.
Mintverse founder was thrilled by the response from the large list of investors and said, “The support we have gained during this round of fundraising has been astounding and we look forward to continuing our progress in order to better the NFT ecosystem.”
Mintverse is looking to provide their services through a variety of different product offerings, tapping into the world of NFTs. At the initial launch of the platform, the Mintverse team will start by leveraging the power of NFT marketplaces and enter the world of GameFi.
Empowering both the Ethereum network and Binance Smart Chain, the service platform will be able to engage with the masses of NFT creators, collectors and GameFi projects. According to the roadmap, Mintverse will eventually tap into further comprehensive product offerings including the anticipated launchpad feature, giving not only NFT and crypto projects but also sole NFT creators who struggle with the lack of monetary incentives in the industry, the opportunity to raise funds.
Private investors have expressed their approval for the first round of fundraising. Jasmine Zhang from A&T Capital was thrilled about their investment into Mintverse and stated, “With the ever growing NFT ecosystem, there are visible gaps in the industry. During my conversation with the founder of Mintverse, we saw their project vision and the current glaring problems they are working towards solving. The NFT market has a long way to go in terms of growth and creating a better understanding for those who are still unsure of its potential and are skeptical of what is to come. At A&T Capital, we believe these issues will slowly start to diminish with a platform like Mintverse and are delighted to be a part of this journey.”
About Mintverse
Mintverse is a service platform, where users can create, discover and collect an array of digital items and NFTs while also being able to crowdfund NFT art, crypto & NFT projects. Mintverse is working towards its vision of mass NFT adoption while further developing existing use cases and exploring future use cases of the NFT data structure. Backed by major investors and partners, Mintverse has the resources to develop the growth of the NFT community by tackling the current existing problems such as high gas fees, lack of monetary incentives for creators, and insufficient utility for current NFT assets. They are able to do this by implementing a variety of product offerings including, but not limited to, NFT marketplace, gaming incubation, launchpad, governance DAO and more.
While today’s social media giants monopolize the space, squeezing users rather than rewarding them, the advent of cryptocurrency, blockchain and the rising SocialFi movement now threatens to upend that. Monaco Planet, backed by IMO Ventures and Three Arrows Capital, is leading the charge by returning platform ownership and governance to users.
When Monaco Planet launches their Rare Yacht nonfungible tokens (NFTs) on Nov. 11 and goes live with their native token MONA on Nov. 28, holders begin enjoying the benefits of ownership and governance rights. By engaging in “content mining,” a sustainable, creative and inclusive form of mining whereby those who create content and engage in forum discussions gain rewards, users further grow their stake.
“While we like to say that we return platform ownership to users,” says Monaco Planet outreach director Brandon Zatt, “if you really look at the history of social media, you’ll see that this is actually the first time ever that users both own the platform and determine its destiny.”
This revolutionary new approach is turning heads as Monaco gains nearly 10,000 new followers per day and their Discord account rapidly approaches 100,000 users. And as they prepare for launch, founding KOLs like Three Arrows, Tom Dwan and Loomdart are filling up Monaco’s Wall of Fame. From heads of crypto funds to celebrities to NFT influencers, Monaco Planet may be the hottest party in Q4 2021/Q1 2022.
Both MONA tokens and Rare Yacht NFTs unlock platform utility, helping users to promote their projects and accounts and eventually run their own promotional and advertising campaigns.
As a gateway to the metaverse, Monaco Planet is building a robust dynamic eco-system and MONA holders have preferred access, including investment quotas for high-quality projects. Users themselves decide whether to participate in the investment, but the quota is guaranteed. MONA can also be utilized for tipping or gifting.
And as the ecosystem grows and Monaco introduces more high-quality Defi and Gamefi projects, MONA holders can seamlessly connect social, finance and gaming into one cohesive Metaverse.
“Monaco Planet represents a true departure from traditional social media and a concerted effort to bring the benefits of blockchain and crypto to our virtual and actual social lives,” says Brandon Zatt.
Though there are over 100 million wallet addresses currently in use, a truly native crypto and NFT-dedicated social media platform with a high density of fans has not yet been born — until now. Monaco Planet users log in with wallets such as MetaMask to enable them to showcase their crypto and NFT holdings through their profile, making it harder for scammers to misrepresent themselves.
As true influencers can be identified by their level of engagement and dedication, Monaco Planet aims to bring a deeper level of trust and awareness to social platforms. Based on common interests and a belief in digital assets, organic connections are naturally fostered amongst users.
While some criticize proof-of-work (PoW) mining for being environmentally unfriendly, content mining or create-to-earn or write-to-earn, allows users to earn rewards by contributing content. It is truly democratic, inclusive and sustainable.
With 55% of MONA platform tokens distributed to users through content mining, holding MONA gives users platform ownership and a genuine stake. This is the exact opposite of how centralized social media platforms currently work.
The first month after Planet Monaco goes live is by invite only. Users holding Yacht NFTs will be eligible to start content mining. They enjoy higher weighting on the platform and can generate the greatest rewards during the first month. They can also invite up to five other users. On December 31, 2021, first-time platform users can withdraw MONA to their wallets and trade them on the open market.
The formula for the scoring of each user factors in elements like the number of fans per user, their total number of likes, net NFT value in the wallet and number of comments they’ve generated.
On January 1, 2022, the public platform opens to all users. Users who stake MONA for at least one month achieve a MONA staking weight, which is necessary for participating in content mining. Weights vary according to the length of time MONA is staked for.
Thus, the launch of the Yacht NFTs and MONA tokens represent a unique opportunity for users to take back control of their social media, earn rewards through their own creativity and effort and enter the Metaverse with autonomy and advocacy. Come set sail on the sea of SocialFi opportunity — destination Monaco Planet.
Bitcoin price started a downside correction from the $68,500 zone against the US Dollar. BTC might start a fresh increase unless there is a break below $64,000.
Bitcoin started a downside correction below the $68,000 and $67,000 levels.
The price is still trading above $65,000 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase if the $64,000 support remains intact.
Bitcoin Price Corrects Lower
Bitcoin price gained pace above the $65,000 support zone. BTC extended its rally above the $66,500 and $67,000 resistance levels. The price even surged above the $68,000 level.
It traded to a new all-time high near $68,495 before there was a downside correction. The price declined below the $68,000 and $67,800 support levels. There was a break below the 50% Fib retracement level of the upward move from the $65,200 swing low to $68,495 high.
However, bitcoin still trading above $65,000 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $66,000 on the hourly chart of the BTC/USD pair.
On the upside, an immediate resistance is near the $67,500 level. The first major resistance is near the $68,000 level. A clear break above $68,000 resistance may possibly call open the doors for a fresh increase. The next major resistance sits near the $68,500 level. Any more gains might lead the price towards the $70,000 level.
Dips Supported in BTC?
If bitcoin fails to clear the $68,000 resistance zone, it could extend its downside correction. An immediate support on the downside is near the $66,500 level. The first major support is now forming near the $66,400 level.
It is close to the 61.8% Fib retracement level of the upward move from the $65,200 swing low to $68,495 high. The next major support is near the $65,000 level, below which the price could dive towards the key breakdown support at USD 64,000 in the near term.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just below the 50 level.
Major Support Levels – $66,400, followed by $66,000.
Major Resistance Levels – $67,500, $68,000 and $68,500.
Starting Today, Tuesday November 9, transfer GYEN into your Coinbase Pro account ahead of trading. Support for GYEN will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT) Wednesday November 10, if liquidity conditions are met.
One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for Crypto.com Protocol (CRO), Kryll (KRL), LCX (LCX) SUKU (SUKU), OriginTrail (TRAC), Assemble Protocol (ASM), ARPA Chain (ARPA), Bounce (AUCTION), Perpetual Protocol (PERP), BadgerDAO (BADGER), Rarible (RARI), Function X (FX), Jasmy (JASMY), Wrapped Centrifuge (WCFG) and Avalanche (AVAX).
Starting Today, Tuesday November 9 we will begin accepting inbound transfers of GYEN to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Wednesday November 10, if liquidity conditions are met.
Once sufficient supply of GYEN is established on the platform, trading on our GYEN-USD, GYEN-USDT and GYEN-EUR order books will launch in phases, post-only or auction mode then limit-only and full trading mode. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.
We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.
GYEN (GYEN)is a stablecoin running on Ethereum that’s intended to maintain a value of one Japanese Yen. The company behind GYEN, GMO-Z.com Trust Company, claims to hold reserves that fully back each GYEN.
GYEN is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.
You can sign up for a Coinbase Pro account here to start trading. For more information on trading GYEN on Coinbase Pro, visit our support page.
### Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process. This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.
Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.
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GYEN (GYEN) is launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Reddit co-founder Alexis Ohanian has teamed up with Solana Ventures to launch a new investment fund dedicated to Web3 and social projects, potentially setting the stage for the next wave of budding crypto startups.
Ohanian announced Tuesday at the Breakpoint conference in Lisbon, Portugal that his Seven Seven Six venture firm and Solana Ventures have allocated $100 million to Web3 and “decentralized social projects.” In an accompanying news release, the internet entrepreneur touted his venture firm’s expertise in “identifying and investing in early social and crypto trends,” which include Reddit, Patreon and Coinbase, among others.
Raj Gokal, the COO of Solana Labs, said “Web3 turns users and creators into owners and stakeholders, a change that can’t come soon enough to social media.”
Centralized social media platforms such as Facebook are said to generate hundreds of billions of dollars in annual revenue, mostly through advertising and without rewarding content creators for their contributions. While efforts to “decentralize” social media have been underway since at least 2017, no blockchain-based social project has reached mainstream adoption. Seven Seven Six and Solana Ventures said they will prioritize technologies and applications that [eliminate] value extraction from centralized intermediaries.”
Related: BREAKING: Facebook rebrands to Meta as focus expands beyond social media
Solana Ventures has been highly active on the investment front, having only recently spearheaded a $100 million fund dedicated to Web3 gaming, also known as GameFi. Similar funds were also launched by Sanctor Capital and Huobi Group. Over $17 billion in venture capital has flowed to crypto- and blockchain-focused startups so far in 2021.
Sydney, Australia, November 9th, 2021 — With the blockchain gaming metaverse proving to be more than just a buzzword for gamers, Gachyi Land, the first gacha-launchpad ecosystem gears towards its premiere NFT launch, slated to debut on the 22nd of November 2021.
This launch opens up the runway for Gachyi Land as they get the ball rolling for a series of other launches on the Gachyi launchpad. Commenting on the significance of this event, the founding partner of Gachyi Land,Harly Zappino has expressed his excitement:
“Life is too short to slave away on tasks that you despise doing and unfortunately that is how our society is currently structured. The digital world is our future. Let’s make it fun, let’s make it colorful, and let’s provide real-world value to those who want to interact with it!”
Dubbed the Goo Goo series, the first NFT series dropped on Gachyi Land will feature generative artwork with different traits that include body, eyes, mouth, accessories, background, and clouds, among other features. Certain unusual and rare characteristics may entitle their owners to special privileges.
The series finds its footing in folklore inspired by the Gachyi Goddess before she became entirely fossilized. According to Gachyi Land Lore, she created the Goo Goos and ensured that all of her wisdom was handed down to guide them through the RPG (role-playing game).
While the Goo Goo series does not include playable RPG characters, owners will be able to access significant in-game benefits. Slime Tales from Gachyi Land’s second NFT series will implement RPG characters with a Dungeons and Dragons class system that has the ability to breed dual class characters.
Gachyi Land: Introducing the first NFT gacha-launchpad ecosystem
Coming up as a first mover, Gachyi Land will be the first gacha-launchpad to issue NFTs (on its website) as a full-fledged utility across its entire ecosystem. Each NFT issued on the Gachyi NFT Launchpad will serve a purpose within the ecosystem. They will either have in-game functionality such as boosts or exclusive pre-sale access, or their utility can be built into future games.
Besides their own designed NFTs, other projects with similar themes to Gachyi Land, such as those with kawaii and mystical creatures type of themes, will be able to participate in its utility-centric ecosystem. Expanding the entire ecosystem, other projects’ NFTs can be integrated into Gachyi Land’s mini-party games or Play-To-Earn MMORPG.
The NFTs will be deployed on the Polygon blockchain based on the ERC-721 token standard, priced in MATIC. They will be encapsulated and released through interactive Gachapon Machines (a.k.a Gacha-Launchpad). The minting process aims to give the buyers a whole new experience playing with e-Gachapon machines coupled with lo-fi music, great visuals and stunning animation. Each series will feature a maximum of 5 NFTs available on the Launchpad, giving buyers a sneak peak of what could be minted.
Incubating a disruptive NFT gaming ecosystem to empower artists
Gachyi Land is on a mission to empower small artists to use Gachyi Land’s resources to unleash their creativity on the world, to give them the exposure and recognition they deserve. Most artists have yet to take advantage of the unlimited opportunities available in the NFT domain while others may have misconceptions about it. To address this challenge, Gachyi is stepping in to provide artists with the platform, community, technology, and tools they need to exhibit their work and explore the potential within the digital landscape.
“Gachyi Land will be a solution to this and will be a part of a greater movement to fundamentally change the way humanity thinks and interacts with the world. In our virtual world, what defines you are the choices you make and the way you choose to interact. Not labels, not gender, not titles and certainly not the way you look!” states Zappino.
About Gachyi Land
Gachyi Land is building an ecosystem that consists of an NFT Launchpad and Play-To-Earn MMORPG. NFTS issued on their platform will be incorporated within the ecosystem to serve either an in-game functionality such as boosts or exclusive pre-sale access, or their utility can be built into future games.
With its disruptive Play2Earn MMORPG, Gachyi is providing artists with the platform, community, technology, and tools they need to unleash their creativity and gain the exposure they deserve. NFTs will be minted via Gachyi’s interactive gachapon machines on the Polygon blockchain based on the ERC-721 token standard, priced in MATIC.
In May, we introduced a downloadable browser extension that brought Coinbase Wallet onto laptops and desktops. We’ve seen incredible traction with the Coinbase Wallet extension, which made it easier to securely connect to decentralized apps (dapps) and decentralized finance (DeFi) from more devices.
Today, we’re bringing full standalone functionality to Coinbase Wallet extension. Now customers can browse dapps, access thousands of cryptocurrencies, trade on decentralized exchanges (DEXes), earn interest, and collect NFTs, all with just a few clicks.
Total control of your crypto from your browser
When we first launched the Coinbase Wallet extension, we wanted to empower millions of customers to engage in the exciting world of dapps, and bringing Coinbase Wallet to desktops was a key way to increase access to the larger crypto ecosystem.
Today’s release gives the Coinbase Wallet extension full standalone functionality, unlocking the world of crypto on desktop. Now, you can browse dapps, access thousands of cryptocurrencies, trade on decentralized exchanges (DEXes), earn interest, and collect NFTs from your browser without needing to confirm transactions on your smartphone.
It all starts with your recovery phrase
With today’s release, we have made it easy for both new and existing Wallet users to get started with the standalone extension.
If you have been using the Coinbase Wallet extension via WalletLink, make sure you have your recovery phrase handy and then choose ‘Sign out’ from the Settings menu in your Wallet extension. Choose ‘Import a wallet’ and then enter your recovery phrase.
If you are a new customer, download Coinbase Wallet for free from the Chrome web store. If you do not already have a self-custody wallet, select ‘Create a new wallet’. If you would like to import an existing self-custody wallet, such as MetaMask, Trust Wallet, Coinbase Wallet, or another Ethereum-based wallet, choose ‘Import a wallet’ and then enter your recovery phrase.
If you have been using WalletLink and would prefer to continue using the browser extension as a linked account and keep handling confirmations and signing from the mobile app, you do not need to take any additional steps. If you need to re-enable the connection, choose WalletLink in your Coinbase Wallet mobile app’s settings.
You can also seamlessly link your self-custody Coinbase Wallet to a Coinbase account and access everything that Coinbase has to offer, including buying crypto with cash.
Looking forward
We’ll continue working to empower everyone to use dapps and web3 by building the easiest-to-use and most accessible self-custody wallet in the ecosystem.
You can download the new Wallet extension from the Chrome web store. We’re always listening to our users and welcome feedback. Follow us on Twitter @CoinbaseWallet for the latest Wallet-related news, and visit our help center for any additional questions.
Coinbase Wallet is now available as a standalone browser extension was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
November 8, 2021, Monday — Coming up this Wednesday, November 10, 2021 is the 15th Islamic Financial Services Board (IFSB) Summit where leading members in the Islamic Financial Services Industry (IFSI) will be in attendance to converse and assess new and disruptive trends and advancements in digital finance and fintech across the IFSI world.
Event Details
Date | Wednesday, 10 November 2021
14:45–16:00 KSA (Kingdom of Saudi Arabia)
Session Chair: Mr. Ayman
Sejiny, Chief Executive Officer, Islamic Corporation for the Development of the
Private Sector (ICD)
Session Line-up:
Prof. Dr. Mohamad Akram
Laldin, Executive Director, International Shari’ah Research Academy for Islamic
Finance (ISRA).
Mr. Khalid Jamal Al Kayed,
Chief Executive Officer, Bank Nizwa
Mr. Zeiad Idris, Chief
Executive Officer, Algrba
Mr. Khalid Howladar, Head
(Credit & Sukuk Advisory), RJ Fleming & Co
The Islamic Financial Services Board is a discussionary forum dedicated to meeting and talking about the Islamic Financial Services Industry (IFSI) where leaders in the field can propose ways to grow the market, argue strategies and give one another’s expertise and experience.
The general topic of the IFSB Summit will be crypto-investments, digital assets and halal crypto. Representing MRHB DeFi at the summit is Khalid Howlader, Chairman of MRHB’s Governance Board, where he will meet with policymakers, financial industry leaders, experts, and many other stakeholders in Islamic Finance. Khalid Howlader, is also the Senior Managing Director and Head of Credit & Sukuk for R.J. Fleming & Co. for institutional and sovereign clients. With his global perspectives, he is a recognised authority in his field and has addressed investors worldwide as well as audiences at the World Bank, IMF, ECB and IIF.
The main purpose of the event is to spread awareness about recent changes in the IFSI world, bringing to the forefront of Islamic Finance topics like regulatory frameworks and effective jurisdiction along with trade-offs and questions regarding ethics and innovation.
About MRHB DeFi
MRHB (pronounced ‘Marhaba’) DeFi is a decentralised finance platform built to bring ethics to the DeFi space with an approach that supports the inclusion of faith-based and other excluded communities in addition to existing crypto-natives so that everyone can benefit from the full empowerment potential of DeFi to help build a true peer-to-peer financial and economic value system.
Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Islamic Finance into those tenets of blockchain to render a suite of offerings that are also ESG compliant.
The project is backed by a diverse and strong team with backgrounds spanning crypto, technology, faith-compliant investing, finance and seasoned institutional veterans of industry. The public sale offering will be in December. Register your interest and read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here.
The esports industry has become a popular culture due to increased activities from global investors, media outlets, and brands. It is estimated that by the end of 2021, there will be about 26.6 million monthly esports viewers, an 11.4% increase from figures recorded in 2020.
While these numbers seem lucrative, not all esports platforms hold up to their names. Many have ended up as scams, while a few others are still finding their way. On the other hand, some platforms do not fully appreciate the diversity between players, while others are yet to establish sound gaming systems. This is why a team of developers, led by BC Simon and Pritesh Kuchera, created MetaPlay to host E-sport tournaments for all the amateur players as if they were professionals. The platform seeks to change the e-sport experience by slowly tackling issues within the industry.
Introducing MetaPlay
At the end of October PolyPlay was hacked and had money stolen. Unlike most teams that roll over and die, PolyPlay spent the first 24 hours salvaging any funding they could, managing to rescue 87% of the funds. Within 24 hours PolyPlay relaunched as MetaPlay hitting $21, listed within 12 hours on coin market cap, coingecko and centralized exchange MEXC.
In a crypto world where trust and honor are hard to find, BC Simon and Pritesh Kucheria stand by and live for their communities’ best interests. This resulted in the most successful and fastest relaunch in cryptocurrency history. A team you can trust, a community that trusts in a wild west called cryptocurrencies.
MetaPlay is a blockchain-based gaming platform created for the e-sport industry. The platform offers tournaments, staking, and a launchpad with a fully transparent and DOXXED team. MetaPlay seeks to become the next driving force by being Gaming’s Gold Standard.
Despite being relatively new in the market, MetaPlay has already begun leading the esports scene worldwide. The platform organized different tournaments in the last few weeks, including MetaPlay CSGO, LoL, and NBA2K tournaments, to keep its community engaged. During these events, MetaPlay saw numerous top-level teams join to compete with players from different gaming communities across the globe.
Notably, MetaPlay recently launched its launchpad and feeder projects. The project has also developed an NFT marketplace that will go to the Wax blockchain NFT. This marketplace will allow for the creation of artworks to recognize all MetaPlay partners, team members, or developers.
MetaPlay uses a business model inspired by J.D Rockefeller to run its operation. This model calls for internal promotion of launches, feeder projects’ management, and hiring team members. So far, this business model has proven successful as the platform continues to record significant growth. In the last forum months, MetaPlay has seen 16000 investors stake about $13,000,000. Notably, during launch, the MetaPlay native token was trading at $0.04; however, through the business model and launching on Oxbull Tech, MetaPlay’s rise rose significantly, and it is now trading at $18.
MetaPlay has already formed various strategic partnerships to help further its mission. The platform recently partnered up with the Harmony team to launch HarmonyPad. Notably, the Harmonypad, following its launch, has been on an upward trend following increased investor interest in the product.
MetaPlay also recently formed a partnership with HederaPad (HbarPad), working closely with the CEO and team of Hedera. Other strategic partnerships include ones with Oxbull, Travala, Tenset, and others. Reportedly, these partnerships are geared towards helping MetaPlay develop a better ecosystem that will eventually set the project at the top of the chain hierarchy.
Commenting on how MetaPlay will break through to the top 100 projects, BC Simon stated:
“We are the most desirable coin in crypto because we don’t falsely promote ourselves or hype products. We work 16 hours a day; we’re active in telegram from CEO to all 112 staff. We don’t sleep, we build. Many said that we couldn’t maintain this pace for longer than a week or two, and we’ve gone on four months of this. We are the fastest building coin in crypto, and our progress reflects that. It won’t be long until we’re rightfully in the top 100.”
In the coming days, plans to launch a YouTube highlight channel, hire Twitch streamers, being pro leagues, launch a gaming DEX launchpad, and finally integrate profiles and App
