The PlayMining GameFi platform’s DEAPcoin ($DEP) token is performing very bullishly following the announcement of an NFT collaboration with the popular Devilman manga and anime series. At the time of this writing, DEP is currently a top-5 gaming token on Coinmarketcap by 7 day % change, with a 13% seven-day price increase and over 20% growth in market cap.
DEP’s bullish market performance comes at a time when other top-tier gaming tokens are experiencing a bearish slump — Guild of Guardians ($GOG), Oasys ($OAS), Immutable ($IMX) and Axie Infinity ($AXS) are all now dipping on the market charts. Meanwhile, DEP is still going strong, boasting one-month price and market cap increases of 41% and 49%, and respective three-month increases of 120% and 168%.
Major Brand Collab Driving Traction
Devilman is a well-known top-60 manga and anime franchise, having sold over 50 million manga copies since it first launched in 1972. Most serious fans of Japanese manga and anime will be familiar with the title, and PlayMining has a significant user base in Japan — making this new partnership a particularly prominent one in the Japanese GameFi space.
For PlayMining’s collaboration with the Devilman franchise, a new limited edition Devilman NFT collection is being integrated with the popular PlayMining card battle game JobTribes. Collectors can purchase limited quantities of six different Devilman NFT styles on the PlayMining NFT market until Jan. 31, after which the remaining cards will be raffled off over the following two weeks (or until supplies last). ‘Premium Recruitment’ raffle tickets can be purchased from within JobTribes from Jan. 31 until Valentine’s Day.
As a special bonus, whoever draws the very last Devilman NFT during the Premium Recruitment raffle period will receive a special one-of-a-kind Legendary “Rage of Fire Devilman” NFT as a prize.
JobTribes also has a “Devilman’s Invasion!” event prepared, which will run during the Premium Recruitment period. During this event, players will be able to win another kind of Legendary NFT depicting Devilman’s amulet, as well as other useful game items.
High-Profile #GamifyingWork Partnerships Bolstering DEP Token Rally
DEP’s rebound began three months ago, directly following an official PlayMining announcement of multiple high-level partnerships and a new business model that PlayMining calls #GamifyingWork. Under this new initiative, PlayMining is helping real-world companies from any industry outsource various work tasks to gamers, who can perform the tasks remotely as in-game quests and be rewarded with DEP for their ‘work’.
Kozo Yamada, co-CEO of PlayMining owner Digital Entertainment Asset, said that the new Gamifying Work solution is addressing a severe labor shortage crisis that is affecting many industries across the world. In fact, as many as four out of five companies may be affected globally, according to research by ManpowerGroup. But under PlayMining’s new initiative, companies that are not even traditionally part of the digital space, such as heavy industries, can remotely fill this labor demand in innovative ways.
PlayMining has a pilot project launching this spring in collaboration with the world’s fourth-largest electric power company, TEPCO Power Grid. The new PlayMining game will send teams of players out into their communities to photograph aging utility poles, with DEP tokens allocated to the teams that connect the most power lines in their game. As a result, TEPCO, which has been suffering from a lack of power pole inspectors, can now more efficiently maintain their aging power infrastructure.
A similar project is also underway to fill labor demands at waste processing facilities — this time via a highly innovative game in which players can remotely operate real-life waste-sorting robots. Japan’s second-largest telecom operator, KDDI, invested in DEA last summer to promote more such Gamifying Work projects. PlayMining went on to announce a slew of new collaboration partnerships in October, addressing numerous industries and social good goals including CO2 reduction, disaster prevention, animal welfare, local revitalization, inheritance, elderly quality-of-life and employment for people with disabilities.
For more information about PlayMining, visit their official website and follow them on social media.
The limited edition Devilman NFTs can be bought with PlayMining’s DEP token which is leading in the current gamefi rally ahead of Immutable ($IMX), Oasys ($OAS), Guild of Guardians ($GOG) and Axie Infinity ($AXS) in terms of one-month and three-month gains in both token price and market cap.
SINGAPORE, Jan. 24, 2024 — Digital Entertainment Asset Pte. Ltd. (DEA), a Singapore-based global GameFi company and owner of the PlayMining gaming platform, has announced the launch of a limited edition NFT collection for the Job Tribes Play-and-Earn (P&E) card battle game in collaboration with the popular Devilman manga and anime series. The announcement comes at the height of PlayMining’s DEAPcoin ($DEP) rebound, with prices and market cap up 115% and 166% respectively from where they stood when the GameFi market rally began three months ago.
Limited quantities of six different Devilman NFTs will be available for purchase from the PlayMining NFT marketplace from Jan. 24 at 14:00 to Jan. 31 at 10:59 (UTC+8). The limited edition collaboration NFTs will feature artwork of characters from the Devilman series across three Epic and three Legendary cards. After the sale ends, a limited quantity of cards will still be available to win via random draw by spending DEP to purchase “Premium Recruitment” tickets in the Job Tribes game. Premium Recruitment will be available from Jan. 31 at 16:00 until Feb. 14 at 10:59 (UTC+8), or while supplies last. As a special incentive, a one-of-a-kind “Rage of Fire Devilman” Legendary collaboration NFT will be awarded as a bonus prize to the player who draws the very last Premium Recruitment NFT.
To commemorate the Devilman collaboration, JobTribes will feature an in-game event called “Devilman’s Invasion!” from Jan. 31 at 16:00 until Feb. 14 at 10:59 (UTC+8). The tie-in event will see players competing to win Devilman’s amulet in the form of a Legendary collaboration NFT. Other game items will also be available to be won.
Devilman is a well-known manga and anime series that has had numerous iterations since it first launched in 1972. Over 50 million copies of the manga have been sold worldwide, placing it as a top-60 best selling manga series.
Sales Information
Legendary NFTs:
3 types, each limited to 10 pieces (total 30 pieces)
Immediate sale price: 360,000 DEAPcoin
One bonus Legendary NFT exclusively available through “Premium Recruitment”
Epic NFTs:
3 types, each limited to 10 pieces (total 30 pieces)
Immediate sale price: 60,000 DEAPcoin
$DEP: Dominating the GameFi Market Rally for Over Three Months
Late October 2023 saw a massive spike in many GameFi token prices, and the bullish market performance continued in a sustained GameFi rally through the new year. PlayMining’s DEP is one of the strongest performing high-profile GameFi tokens on the market today, surpassing Immutable ($IMX), Oasys ($OAS), Guild of Guardians ($GOG) and Axie Infinity ($AXS) in terms of one-month and three-month gains in both token price and market cap.
DEP is the proprietary token used to purchase NFTs on PlayMining’s marketplaces, and can be earned as a reward for playing PlayMining GameFi games. With DEP’s rising market price, PlayMining NFTs are also increasing in intrinsic value.
DEP listed on Tokenize Xchange recently where it is tradable with USD and SGD, and can also be traded on other popular cryptocurrency exchanges including OKX, Uniswap, Gate.io, Bitrue and Bitmart.
Boasting a Brand New Business Model: #GamifyingWork Across All Industries
DEP’s strong rebound immediately followed an official announcement by PlayMining of multiple high-profile partnerships with whom PlayMining is co-developing a new business model called “Gamifying Work”. The initiative will see new P&E games developed for the PlayMining GameFi platform that gamify work tasks for real-world companies.
“There are serious labor shortages across many industries all around the world these days, but many of these jobs feature work tasks that could be performed remotely. We can help alleviate labor shortages by gamifying some of these work tasks in PlayMining games, where players are incentivized with DEP tokens in exchange for ‘doing the work’ as in-game quests,” said DEA co-founder and co-CEO Kozo Yamada.
PlayMining’s labor shortage solution tackles a severe problem — four out of five companies suffer from a lack of talent worldwide, according to a 2023 ManpowerGroup report. In addition, a significant proportion of businesses suffering from labor shortages are in the heavy industries — a space that PlayMining is specifically addressing with a number of their recent partnerships.
For example, a pilot project is launching in Japan this spring for PlayMining’s partnership with TEPCO Power Grid, the fourth-largest electric power company in the world. TEPCO has had a hard time employing enough power pole inspectors to maintain their aging power infrastructure around Japan. But soon, PlayMining gamers will be able to fill this demand — a new game will send teams of players out into their local communities to photograph power poles, with winning teams earning DEP rewards.
Another ‘gamifying work’ collaboration underway is PlayMining’s novel solution for the waste management industry — a game that will allow players to remotely control actual physical waste-sorting robots at Japanese waste-processing facilities, thus alleviating a labor shortage in that space. Additionally, DEA has secured investment from KDDI, the second-largest telecom operator in Japan, opening the company up to business collaborations through their network. New projects revealed in PlayMining’s October announcement included initiatives across a wide range of industries, ranging from disaster prevention, local revitalization and CO2 reduction to social good projects targeting elderly quality-of-life, animal welfare, employment for people with disabilities and inheritance.
The PlayMining GameFi platform’s catalog of P&E games includes: JobTribes, Menya Dragon Ramen, Cookin’ Burger, Lucky Farmer, Graffiti Racer, SOUL Fusers and Rogue Roll Ruler’s. The platform also has two NFT marketplaces, a manga-integrated metaverse project and a ‘Watch-and-Earn’ streaming video application. And soon, it will feature a growing number of ‘gamifying work’ games!
Businesses and individuals interested in discussing collaboration opportunities with PlayMining can use the following email address to get in touch with the PlayMining business development team: recruit@dea.sg
About Digital Entertainment Asset
Digital Entertainment Asset Pte. Ltd. (DEA) is a Singapore-based global Web3 entertainment company founded in August 2018. DEA is a developer of Play-to-Earn (P2E) games — also referred to as Play-and-Earn (P&E) games. DEA also operates the PlayMining gamefi platform, NFT marketplace and ‘Verse’ metaverse project as well as DEAPcoin ($DEP) — the first P&E token approved by the Financial Service Agency (FSA) of Japan. The team is headed by two co-CEOs — Naohito Yoshida and Kozo Yamada — who together bring decades of experience in founding successful startups (with 3 IPOs), creating hit video games, producing Web TV programs and displaying a deep understanding of NFT gaming.
About PlayMining
PlayMining is a GameFi and metaverse platform that empowers creators who would otherwise benefit very little in the traditional IP creation industry. The PlayMining platform is a new business model for content creation, featuring an NFT Marketplace powered by the PlayMining DEAPcoin ($DEP), paired with an NFT gaming and Metaverse platform. Featuring both in-house games as well as third-party projects with their own native tokens that allow creators to capture much of the value they create, the PlayMining platform has 2.7 million users and a catalog of P&E game titles including Job Tribes, Cookin’ Burger, Menya Dragon Ramen, Graffiti Racer, Lucky Farmer, Rogue Roll Ruler’s and SOUL Fusers, as well as the metaverse project Fujiwara Kamui Verse.
About JobTribes
JobTribes is a card battle game themed around various occupations, featuring characters that personify different jobs. NFTs can be used as powerful battle cards significantly influencing the outcome of battles. The game’s story is handled by Shin Kibayashi, one of the top six creators in Japan selected by Netflix, offering a grand world view.
Devilman is one of the representative works of manga artist Go Nagai. It depicts a fierce battle between a demon army intent on destroying humanity and Devilman, who betrays them to side with the humans. This work, which was simultaneously serialized in manga and broadcast as a TV anime series, was a pioneer of mixed media projects in Japan.
Hong Kong, January 9, 2024 — Web3 games represent a new generation of games built on blockchain technology and decentralized principles. Paving the way for Web3 into mainstream markets, Web3 games attracts not only the native Web3 industry but is also a strategic breakthrough eagerly anticipated by traditional game entrepreneurs.
On January 5, ICC Camp, the accelerator dedicated to the Web3 gaming ecosystem, officially opened up student applications. It is recruiting dozens of outstanding startups globally in the Web3 gaming circuit for an extensive 6-month incubation program. This initiative aims to provide comprehensive support and training for entrepreneurs aspiring to explore the Web3 gaming ecosystem. The program includes a two-month high-quality systematic course with tour opportunities, and a four-month observation and service period. The course arrangement covers various modules in the Web3 gaming circuit, while services include investment matchmaking, project empowerment and value addition, resource and equity negotiations, and student support.
Meanwhile, the inaugural lineup of mentors for ICC Camp S1 has been announced. These mentors hail from prominent institutions and enterprises in the industry. They will collaborate to interpret industry trends, share successful experiences, provide profound insights, and develop new perspectives on the Web3 gaming ecosystem for ICC Camp participants, assisting entrepreneurs in soaring to new heights on their innovative journeys.
The mentor lineup includes:
Kevin Shao, Executive President of ABGA, Partner of Web3Labs, and Founder of Bitrise Capital；
Roland Ong, President of ABGA, and Partner & Director at Liminal Entertainment;
Simon Li, Vice Executive President of ABGA, and Founder of Chain Capital;
Johnny Ng Kit-chong, Member of the National Committee of the Chinese People’s Political Consultative Conference, Member of the Legislative Council of Hong Kong, and Founder of G-Rocket;
Jack Kong, Founder of Nano Labs, and Director of Hong Kong Cyberport;
Feng Xiao, Chairman and CEO of HashKey Group;
Sebastien, Co-founder of The Sandbox;
Yawn, Co-Founder of StepN and Co-Founder of Find Satoshi Lab;
Feng Wang, Co-Founder & CEO of Linekong Entertainment Technology;
Lester Li, Founder & CEO of DeGame;
Jun Du, Co-Founder of ABCDE Capital, and Executive Director & CEO of Xinhuo Technology;
Hongfei Da, Founder of Neo;
Patrick Dai, Co-Founder of Qtum;
Uno Lee, VP of Business & Governance at Klaytn;
DiscusFish, CEO & Co-Founder of Cobo;
Caspar Wong, CEO of Web3Labs;
Forest Bai, Co-Founder of Foresight Ventures;
Sheldon Xia, Founder & CEO of GBM;
Kevin Ren, Partner of CGV;
Yushan Zheng, Co-Founder of Waterdrip Capital;
Blue Yang, Partner and CTO of SlowMist, and Director of G3 Lab;
Xin Song, COO of GSR;
Yuetian Chen, Founding Partner of Initiate Capital;
Nicole Zhang, Partner of Lingfeng Innovation Fund;
Shawn Shi, Managing Partner of Oak Grove Ventures;
May Liu, Partner of Spark Digital Capital;
Kevin, Partner of BTOK;
These industry elites will serve as mentors, providing students with rich online and offline courses, as well as entrepreneurial guidance.
Startup projects can now participate by scanning the QR code on the poster or clicking the application link below to embark on this journey of Web3 gaming innovation.
ICC Camp is committed to exploring and promoting the development of the Web3 gaming industry and has received strategic support from ABGA (Asia Blockchain Gaming Alliance) and Web3Labs. The mission of ICC Camp is to nurture and support outstanding entrepreneurs in the future Web3 gaming industry, empowering more high-quality Web3 gaming projects and building a strong global Web3 gaming ecosystem.
Positioned as a stable ecosystem that prioritizes decentralized governance, disintermediation and provides a self-adjusting interest rate mechanism, ApeX is a revolutionary protocol that has the potential to become the standard for all crypto derivatives platforms.
In the last few years, the future of finance has been riding the decentralization wave, at speeds which would heretofore been unimaginable. In line with a fundamental rethinking of the way money works, with a focus on open-source code and permissionless networks, ApeX is a decentralized, permissionless and non-custodial platform that allows for the creation of perpetual swap (funding) markets on any token pair. Perpetual swaps are derivative contracts that allow two counterparties to conduct a margin trade, where settlement does not occur until one party terminates the contract.
The State of ApeX
It has been an eventful beginning for ApeX, having successfully launched a beta version of the protocol on the Arbitrum mainnet, completed their seed round fundraising and sold out a total of 4,580 unique NFTs to their users. With a pre-mined fixed total supply of 1 billion tokens, $APEX represents value and utilities such as governance, protocol incentives, and staking to its users.
Across crypto and beyond, the key question being asked by many is: What is more profitable in the long run — holding, or trading? In tandem with this question is another that follows — which investment is more secure, staking or NFTs? ApeX contends that there is no one-size-fits-all investment advice in today’s world of DeFi — ROI depends on the platform used.
The 3 core pillars of ApeX’s value proposition
The core of ApeX’s protocol is to create a fully permissionless and globally accessible perpetual contract protocol. The ability to trade on the ApeX protocol without the need for an account or verification opens up the world of trading to anyone with internet access.
ApeX operates on three pillars:
Fully Permissionless — No KYC or AML restrictions. Most DeFi platforms require some form of KYC/AML verification before users can use their services. Believing that this creates unnecessary friction for end users and goes against the ethos of a truly permissionless system, ApeX has taken a stance against having KYC/AML restrictions.
Liquidity in Perpetuity — A protocol designed as a foundation for future applications in multiple financial verticals, ApeX believes it is essential to provide an avenue for users to profit from liquidity provision without any time constraints or limitations.
Full-spectrum Asset Support — As a way to transact value across borders and economies by leveraging blockchain technology, crypto-assets are more than just tokens. The ultimate goal of ApeX is to become a one-stop shop for every swap need.
ApeX Protocol is funded and backed by global investors
More than just providing decentralized solutions, ApeX also prioritizes being able to deliver stable liquidity and support the development of the ApeX protocol. ApeX is backed by global partners that include Dragonfly Capital Partners, Jump Trading and Tiger Global Management, who will support the development of the solutions that will transform the state of DeFi.
What makes ApeX different from other perpetual swap protocols
ApeX contends that the most important features of a perpetual swap protocol are the market maker design, pricing formula, and risk management system. All three areas need to work together seamlessly to ensure fair pricing, efficient price discovery, and low risk. Two core features of ApeX protocol make it different from other protocols in the market.
1. Elastic Automated Market Maker (eAMM)
Elastic Automated Market Maker (eAMM) is a self-balancing system that enables the creation of on-chain derivatives. It has a pool of liquidity that is used as collateral to back all positions taken by traders. This allows traders to take leveraged long or short positions without the need for counterparties, unlike traditional centralized exchanges that offer spot and futures trading. The eAMMs are elastic because they expand and contract based on the amount of funding needed for the derivative markets at any given time, so more liquid markets will have larger eAMMs than less liquid ones.
2. Protocol Controlled Value
ApeX provides a Protocol Controlled Value (PCV) system which means that the protocol keeps track of all open positions for each user and maintains a record of their collateral status. PCV also makes sure that all users have enough collateral to back their positions and also incentivizes traders to under-collateralize their positions to maximize profits. This model works well for ApeX as it does not require any liquidations to be done by an outside party or third party.
The future of ApeX
Over the past three months, the ApeX protocol has undergone rapid growth and change to its platform. Each week, new users join the ApeX protocol as token holders, members of the community, and traders on the exchange. Planning for the V1 launch of the ApeX protocol in the first half of 2022, the project’s focus is on creating a bonding program and to launch an advanced trading experience on a multi-chain platform.
ApeX operates on an elastic Automated Market Maker (eAMM) model with the Constant Product Formula being the core of price discovery. The design philosophy of the eAMM is novel and should reduce some of the friction present in creating decentralized liquidity pools. By creating a protocol that supports true decentralized trading with collateralized assets, ApeX offers traders full custody of their funds and protection from market crashes, making it an attractive choice for current and future users.
In the coming months, ApeX has also prepared different programs to incentivize their users, for example, liquidity mining programs, referral programs, staking programs and others. NFT holders can enjoy an 8% life-time transaction fee discount and are entitled to participate in their NFT game competition to win up to more than 120K $APEX.
ApeX is positioned to be a stable protocol and ecosystem due to the following reasons: the incentive structure, which rewards $APEX holders for participating in governance; disintermediation — no custodians, no trusted third parties; and a self-adjusting interest rate mechanism. The potential of this protocol can be seen in the numerous use cases, such as tokenized fiat onramps, price arbitrage, synthetic short selling, and hedged wagers. Overall, ApeX is a well-built and revolutionary protocol that has the potential to become the standard for all crypto derivatives platforms.
Coming up onWednesday is the first instalment of the Invest Shariah Dialogue Series 2022, an annual four-part series organized by Bursa Malaysia that provides a platform for industry experts to discuss the Islamic capital market and Shariah investing-related topics.
Dubai-based Khalid Howladar will speak on the topic of Millenials and Gen Z: Embracing the Future of Investing. Howladar is Chairman of the Advisory Board at MRHB.Network, a landmark DeFi project in Islamic Finance, offering halal and ethical decentralized finance solutions.
Talking points include:
The debate on whether crypto is halal vs haram and whether the next generation should participate or avoid this space, Millennials and Gen Z being the biggest adopters of crypto, a sector now worth about US$2 trillion
The opportunities and use cases of decentralized finance (DeFi) and its role — if any — in Islamic finance and supporting sustainability goals.
Clarity on these terms — blockchain and cryptocurrencies. Is there a misconception on these digital innovations — do they have any value or are they just pure speculation.
How MRHB is raising the bar on safe investing amongst Millenials and Gen Z and how the platform is envisaged to create future investment opportunities.
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.
MRHB DeFi Official Channels
Website | Twitter | Telegram Chat | Telegram Announcements | Medium | Documents | Facebook | LinkedIn | Telegram Arabic Community | Russian Community | Turkish Community |Persian Community | Urdu/Hindi Community
OHDAT-affiliated NFT Game Project Paladin Pandas launched their ERC-20 Token $BAMB on the Ethereum chain on April 6th 2022. This established Paladin Pandas as one of the first NFT projects that has completed both the launch of their play-to-earn game and their token.
A hand-drawn 10K NFT collection launched on Opensea on September 28th 2021, Paladin Pandas sold out in 32 minutes. It was ranked №6 on the daily volume leaderboard, №13 on the weekly volume leaderboard and featured on the OpenSea homepage.
NFT whale owners including influencer and top collector, Zeneca_33, COLE, co-founder of Pudgy Penguins, and NFT influencers Josh Ong and NFT Girl, as well as crypto artist JN Silva, all added Paladin Pandas to their collection.
This led to recognition from established VCs and other institutions and angel investors and OHDAT raised funding totalling US$4M from Future Capital, Hashkey Capital, Innoangel, Y2Z Capital, Vincent Niu, the founder of Sky9 Capital and Mandy Wang, the founder of Odaily. The funds raised were to go towards launching new projects and implementing the Open World social simulation game and MMORPG game, highlighted on their Roadmap 2.0.
On January 25th, Paladin Pandas launched ‘PvE game Space Expedition’, where players send their Pandas to planets on an expedition (with 15 stages each) while strategically putting the Pandas into teams of 3 to retrieve the lost $BAMB (Bamboonium) through battles and mini-games. Since categories like element, class, weapon all matter in the gameplay, players need to select the right pandas to buy and be sent to battle, involving strategy gameplay.
All $BAMB earned from the PvE game is locked in the players’ $BAMB balance, to be unlocked and claimable at a weekly rate of 15%. The lockup can be lifted if players manage to get on the PvP daily/weekly leaderboard.
On March 9th, PvP: ‘Panda v. Panda’ open demo was officially released, a 1V1 3D combat game for true gamers. Players pay $BAMB to enter the arena and loot more $BAMB from other players. With 48 weapons, 7 basic moves and 21 stages, the gameplay is not limited to a ‘Stake-to-Earn’ mechanism; it is an actual ‘Play-to-Earn’ NFT game with delightful strategy gaming, which is a stab at revolutionizing NFT gaming. Up to now, which can be quite monotonous when the focus is only on the earnings. The PvP open demo initiated the “Clean the rugs’ campaign and airdropped 40K $BAMB tokens to the gamefi project holdlers.
Giving perks to all NFT holders was taken into account when devising the Paladin Pandas ecosystem. Mandatory to use a Paladin Panda to enter the game, so as to extend the user base to more NFT gamers, non-holders can also rent Pandas by paying $BAMB. The rental limit for each Panda is 2x for PvE and 3x for PvP.
Besides being an in-game currency, $BAMB has several utilities. First, $BAMB can be staked along with LP tokens to mine 5% of the overall supply, a total of 25M $BAMB. Second, $BAMB can be swapped to Power Raffle tickets, which is a WEB3 raffle machine to win blue chip NFT projects with minimum entry fees. Third, $BAMB holders are able to access exclusive online store merchandise, in-game marketplace boosts, and also the whitelist marketplace to consume their tokens.
To celebrate the $BAMB launch, the OHDAT team will incentivize Panda owners with 2 airdrops. First, 60 Rent Tickets will be dropped to 30K new addresses for mining the game, for their first run. Second, 1.5% of the overall supply, totaling 7.5M $BAMB will be airdropped to all Panda holders. Prioritizing fun gaming features, Paladin Pandas aims for $BAMB to be a “blue chip token” in the NFT market over the long term.
MRHB DeFi, the world’s first halal and ethical decentralized finance (DeFi) platform, launched their $MRHB token on the popular PancakeSwap DEX in December 2021. To promote the listing, the company set aside a pool of 5 million MRHB tokens to reward liquidity providers (LPs) with through to the end of March. MRHB has now decided to extend the LP reward period until June 30, and is adding an additional 2 million MRHB tokens to the reward pool.
For anyone unaware of this opportunity, the details are as follows: LPs must supply liquidity to the USDT/MRHB liquidity pool on PancakeSwap to qualify for rewards. A total of 2 million MRHB tokens will be divided between all participating LPs over a three-month period. This reward is provided by MRHB DeFi as a third party offering a conditional gift (‘hibah muallaqah bi al-sharth’), which is permissible according to Islamic Fiqh.
By providing liquidity on PancakeSwap, LP’s help to support the MRHB token, whose mission of bringing ethical finance to faith-based communities and others. It has been years of non-regulation and uncertainty about crypto; it is time to carve out a safe space in the cryptoverse where ethics-conscious people can manage their finances with peace of mind.
Additional Information for LPs
Providing liquidity on a DEX is not without risk. All prospective LPs must first understand about a concept known as ‘impermanent loss’. If you are unfamiliar with the term, please refer to this article to get a firm understanding of the risks involved.
Here are a couple of videos that will be useful for LPs:
Alternatively, check out the MRHB blog post for the step-by-step slideshow walkthrough on how to add liquidity on Pancakeswap: https://mrhbdefi.medium.com/how-mrhb-token-holders-can-earn-passive-income-from-trading-fees-and-5-million-pool-of-mrhb-6848152d51c7
Lastly, the importance of staying vigilant on the internet cannot be stressed enough — scammers abound. Never give your wallet password out to anyone. When sending funds to a liquidity pool, do so on the exchange itself — do not send to addresses given to you by strangers.
MRHB DeFi will never ask you for funds. The only links and information that can be trusted are those shared on their official channels below.
Singapore, 14th March 2022 — Decentralized cross-chain lending platform Fountain Protocol has launched a liquidity mining program on the Oasis mainnet, attracting over $15 million in TVL (total value locked) within 24 hours.
The strong launch earns Fountain Protocol a third-place ranking as compared to all other protocols on the…
Dubai, U.A.E., March 10, 2022 — MRHB DeFi Network, the world’s first decentralized finance (DeFi) platform focused solely on providing ethical and halal crypto opportunities, is listing its $MRHB token on BitMart, a global centralized cryptocurrency exchange (CEX). This follows its current listing on LBank Global Exchange as well as popular DEX, Pancakeswap.
MRHB DeFi recently announced a new strategic partnership with Sukhavati Labs, a decentralized cloud network service focused on storage. Now all NFTs minted on the MRHB DeFi network — such as on the SouqNFT Marketplace — will be stored in a secure and permissionless manner at a low cost on the decentralized Sukhavati network.
