Crypto Shuttle News

Tag: Nov

Gachyi Land, the first Play-to-Earn MMORPG Gacha-Launchpad, premieres its NFT Drop | by Bit Media Buzz | Nov, 2021

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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.

Gachyi Land Official Links

Website: https://gachyiland.com/

Twitter: https://twitter.com/GachyiLand

Telegram: https://t.me/GachyiLand

Instagram: https://www.instagram.com/gachyi.land/

Discord: https://discord.gg/pPWAC888kC

Facebook: https://www.facebook.com/Gachyi-Land-275279670982071

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November 9, 2021
Catch MRHB DeFi Charmain at the 15th Islamic Financial Services Board (IFSB) Summit | by Bit Media Buzz | Nov, 2021

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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.

MRHB DeFi Official Channels:

MRHB DeFi Website: https://marhabadefi.com/

MRHB DeFi Twitter: https://twitter.com/marhabadefi

MRHB DeFi Telegram: https://t.me/mdf_official

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November 8, 2021
Introducing Monaco Planet, a next-generation SocialFi NFT platform | by Bit Media Buzz | Nov, 2021

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As a rainbow galaxy of nonfungible tokens (NFT) goes supernova across the crypto and blockchain space, GameFi appears to be powering the new unstoppable wave of adoption. But smart players look even further down the road and ask, “what’s next?” and aim to be first to cash in on future opportunities and upside.

Today, a lot of that smart money, including from branded investors such as Three Arrows Capital, is on SocialFi. As a fusion of social and finance, SocialFi aims to deliver benefits and rewards to users through the financialization and tokenization of social influence.

Beyond that, SocialFi could be the answer to the question millions of crypto holders around the world are asking: “If we have massive native communities with economic power, interlinking relationships and seamless communication potential, why don’t we have our own social media?”

Monaco Planet, a next-generation SocialFi platform, aims to be the first to deliver just that with its NFT drop on Nov. 11 and full platform launch on Nov. 28. Having successfully completed its first round of multi-million-dollar financing with Three Arrows Capital and IMO Ventures, the future looks bright on Monaco Planet.

While the SocialFi space initially kicked off in 2017, it lacked the technology, market environment and user volume to be truly sustainable. But this has all changed now, and Monaco Planet is betting big that the time now is ripe. But why now, and what makes Monaco Planet special?

When people talk about their “crypto journey,” it is usually full of wonder and discovery as they plow into the philosophy of decentralization and the benefits of disruptive technology. But for crypto noobs, it can be bewildering and even dangerous with scammers and spammers abound. So, how can new adopters be sure they’re getting accurate information and not getting played?

At the same time, for individuals and project teams who wish to become opinion leaders on their own social accounts, it is hard to attract lots of fans or to stand out in a crowd of thousands of communities.

A truly native crypto and NFT-dedicated social media platform with a high density of fans has not yet been born. And while there are over 100 million wallet addresses in the world and the number of crypto and NFT enthusiasts keeps growing every day, why isn’t there a dedicated public opinion forum and social media platform for crypto communities? As the sun rises on Monaco Planet, this could all change.

Monaco Planet attacks the problem of spammers and scammers by requiring login through wallets like MetaMask. As users showcase their NFT collections on their personal profile page, true influencers can be identified by their level of engagement and dedication. Users who publish and show their own activities can follow verified key opinion leaders (KOL) throughout the community. The platform can also rank users by net worth and influence of their NFTs, fostering organic connections between KOLs and users.

As a SocialFi platform, the ownership and governance of Monaco Planet are determined by the users themselves. By introducing the concept of “write-to-earn,” content creation itself serves as a form of mining. Active content creators and discussion participants on Monaco Planet continuously reap the benefits in the form of the native tokens. The vast majority of native tokens will be distributed to users who generate content, creating a form of mining that is sustainable, inclusive and genuinely productive. Those who want to advertise on the platform can burn tokens to push their posts to the top or broadcast messages to all users.

And as the number of users grows, from tens of thousands to millions and more, the advertising value and consumption increase in kind. Once consumption of native tokens outpaces their output, real deflation is realized.

A true SocialFi platform belongs to its users. Holders of native tokens enjoy the currency appreciation brought by the platform’s growing economic activity. And as the vast majority of currency is distributed to users as rewards for content creation, Monaco Planet functions as a true decentralized autonomous organization, governed by all native token holders who can send in proposals and vote.

In order to seed user growth and cultivation, Monaco Planet is issuing 10,000 Yacht NFTs for the first time at monaconft.io.

Unlike other avatar-based NFTs, Yacht NFTs are the first NFTs supported by their own native platform. This is the result of the experience and acumen of the entire team, which hails from TikTok, Facebook, Twitter and HSBC’s technical marketing, as well as the in-depth participation of institutions, such as Three Arrow Capital. And as more talent and capital flow into Planet Monaco, the planet expands, growing bigger and stronger.

As early users of Monaco Planet’s SocialFi platform, NFT holders will be the initial beneficiaries of “content mining.” They will enjoy the first batch of airdrops and act as “mining leads” during the first month of “invitation-only” membership. NFT holders will have exclusive quotas and whitelists for participating in popular projects and the privilege of increased visibility of posts, broadcasting and building groups.

As an exclusive platform page, Monaco Planet KOL100 will feature the “Genesis” KOLs who participate in the platform founding. Whether they’re NFT KOLs, large crypto holders, crypto and NFT project teams or celebrities new to the space, everyone has a home in Monaco.

The minting of Monaco Yacht NFTs will be divided into two segments. The first part features specially designed Yacht models for KOL100 with individually unique perks. They’ll be given directly from the whitelist, one-to-one on opening day. And the founding KOLs will be forever recorded on the Monaco Planet KOL100 platform’s Wall of Fame. In the following few days, Yacht NFTs will open for public minting.

Everyone is welcome to participate in the Monaco KOL 100 project or to actively subscribe to Monaco Yacht NFTs as the first wave of seed users.

Life is full of challenges, but for the citizens of the Planet Monaco metaverse, life could be a dream with your own private yacht to sail off into the sunset.

To follow Monaco Planet news and developments, please visit:

Website: https://monaconft.io

Twitter: https://twitter.com/MonacoPlanet

Discord: https://discord.gg/J2m3AXzr

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November 2, 2021
“ONE QUESTION, WHAT’S THE ENDGAME”; TIM DRAPER & MICHAEL SAYLOR TO DISCUSS AT LA BLOCKCHAIN SUMMIT | by Bit Media Buzz | Nov, 2021

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Herculean HODLers, Tim Draper and Michael Saylor, to offer insight into life after accumulation.

LOS ANGELES, CA — November 1, 2021 — Draper Goren Holm, early-stage blockchain venture capital fund and producers of the world’s largest blockchain and cryptocurrency conference, LA Blockchain Summit, announced today that Tim Draper, Founder and Managing Partner of Draper Associates, and Michael Saylor, Founder and CEO of MicroStrategy, will host a fireside chat with one another at the all virtual 8th edition of LA Blockchain Summit, November 2–4. These two Titans of Bitcoin will share insight into what life might look like in a post-BTC accumulation world. Tickets to the Summit are entirely free and another crypto giveaway is underway courtesy of title sponsor ABRA.

ABRA will be joined by other industry heavyweights such as Robinhood, LunarCRUSH, H2CryptO, Simetria, PLENTY, Rivet, Kalamint, StableTech, SuperWorld, AKRU, Amber Group, Ownera, Sensorium, Degens, TradeStation Crypto, Copper Technologies, Cosmos & Starport, Giftz, PrimeDAO, GSX, Litecoin, Stacks Foundation, Stellar Development Foundation, Tezos, Casper Association, Tron, INX, Only1, SupraFin, unFederal Reserve and more. Virtual booths will be available for attendees to interact with each sponsor throughout the event.

The agenda for LA Blockchain Summit will feature a variety of blockchain and cryptocurrency related themes including development, NFTs, enterprise blockchain, investment analysis, marketing strategies, tokenized securities, stablecoins, as well as trends and insights from industry experts such as the Former SEC Chairman John Clayton, current Security & Exchange Commission’s Hester Peirce, Congressional Blockchain Caucus’ Rep. Tom Emmer, Skybridge Capital’s Anthony Scaramucci, Ropart Asset Management’s Todd Goergen, DMCC’s Ahmed Bin Sulayem, Robinhood Crypto’s Johann Kerbrat, and McLaren Racing’s Lindsey Eckhouse..

Be a part of this year’s event by claiming your free virtual ticket today while taking advantage of this year’s crypto giveaway at lablockchainsummit.com/giveaway.

About Draper Goren Holm

Draper Goren Holm, a partnership between Tim Draper, Alon Goren, and Josef Holm, is a venture studio and fund focused on accelerating and incubating early-stage blockchain and fintech startups, while simultaneously producing the industry’s top cryptocurrency events, Security Token Summit, Global DeFi Summit and LA Blockchain Summit. Portfolio companies include LunarCRUSH, Plenty Defi, Tezos Stable Technologies, Totle, Ownera, Degens, Giftz, Vertalo, CasperLabs, Rivet, Simetria and more. More information can be found at https://drapergorenholm.com.

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November 1, 2021
MDEX: Overlooked Decentralized Exchange That Pays You to Trade | by Bit Media Buzz | Nov, 2021
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Key Takeaways
- MDEX is a multi-chain decentralized exchange operating across the HEXO, BSC, and Ethereum blockchains.
- It employs an innovative dual liquidity and transaction mining incentive mechanism that rewards users with MDX tokens for trading.
- MDEX is currently the largest decentralized exchange on HECO and the second largest on BSC
Dubbed the “DeFi Golden Shovel” in cryptocurrency circles, MDEX is a leading multi-chain decentralized exchange built on the Huobi Eco-chain (HECO), Binance Smart Chain (BSC), and Ethereum. It employs an innovative dual mechanism of liquidity and transaction mining, the latter of which effectively rewards users in MDX tokens to trade on the platform.

MDEX Unpacked

Decentralized exchanges have risen to become one of DeFi’s most popular kinds of platforms, both in actual usage and in generating revenues on the protocol level. In less than two years, the total value locked (TVL) in DeFi protocols has skyrocketed by a factor of 240, from $1 billion in June 2020 to the current staggering $240 billion. According to data from DeFiLlama, a significant portion of this value is locked in various decentralized exchanges operating across more than a dozen blockchains, sidechains, and Layer 2 protocols.

Based on statistics from DeBank and dapp.com, one of the top-performing decentralized exchanges by TVL and trading volume this year is MDEX — an AMM-based DEX functioning across the Huobi Eco-chain (HECO), Binance Smart Chain (BSC), and Ethereum blockchains. In terms of active users, trading volumes, and TVL, MDEX ranks second only after Pancakeswap on the BSC and is the undisputed leading exchange on HECO. The cumulative number of wallet addresses that have interacted with MDEX is 1,038,840, the current TVL is approximately $2.2 billion, and the current average weekly trading volume is around $1.25 billion.

The innovative dual mechanism of liquidity and transaction mining is a huge part of its success and what sets MDEX apart from other decentralized exchanges in DeFi. In order to attract and secure sufficient liquidity, DEXes typically incentivize liquidity provisioning by rewarding LPs with their native governance tokens. While MDEX does that too, it is unique in that it also rewards users with its native token, MDX, on every trade. Thanks to this reward mechanism, and by leveraging low-cost and high throughput blockchains like HECO and BSC, MDEX has captured roughly 80% of the entire TVL on HECO.

Another contributing factor to MDEX’s success was integrating its proprietary project incubator, or a token launchpad for Initial MDEX Offerings (IMO), and the launch of its DAO. The IMO capability allows the platform to incubate new projects on HECO and BSC by providing liquidity as a service and standardizing the fundraising process. Thus far, MDEX has facilitated two massively successful IMOs, one for Coinwind and another for Demeter, allowing these projects to raise more than $385 million and $350 million, respectively.

Honoring its roadmap goals promptly, on Sep. 2, MDEX initiated its DAO. Again, the team implemented an innovative twist to governance by establishing monthly “director elections,” in which MDX stakers vote and elect nine members of the community to the so-called “board of directors.” Instead of voting on protocol improvement proposals directly, which is how governance in most DAOs works, the MDEX DAO members elect directors with a month-long mandate to select, vote, and implement community proposals.

MDEX users need to stake their MDX tokens in the Boardroom for 30, 90, 180, or 365 days to participate in governance. In return for staking, the users obtain transferable xMDX “lock-in vouchers” that allow them to participate in IMOs, director elections, voting, making community proposals, and deciding on the allocation ratio and use of the platform’s revenue.

Speaking of revenue, MDEX implements a revenue-share model more similar to that of centralized exchanges like Binance or FTX than that of decentralized AMMs like Sushi or PancakeSwap. Specifically, the protocol charges a 0.3% fee on token swaps and then splits the income into three parts: 0.1% of the profit it uses to subsidize the development and growth of the ecosystem, 0.14% to buy Huobi Tokens (HT) from the secondary market and reward MDX stakers, and 0.06% to buy back and burn MDX tokens, thus reducing the circulating supply and increasing their value.

What is Next for MDEX?

Next on MDEX’s roadmap is growing the platform by adding even more pools or token trading pairs and expanding the ecosystem to new blockchains such as OKExChain, Polkadot, NEAR, and Ethereum sidechain Polygon.

Besides that, MDEX further wants to expand its product landscape by adding an order book that users can use in combination with its AMM liquidity pools. The idea here is to solve trading limitations caused by insufficient depth in liquidity pools and significantly enhance the user’s trading experience. While the platform currently supports only liquidity, transaction mining, and simple token swaps, in the future, MDEX is expected to launch other services such as lending, insurance, support for options and futures trading, and other DeFi primitives.

MDEX’s unique approach to DeFi has made it one of the leading decentralized exchanges in the multi-chain world in less than a year since its launch. As one of very few DeFi protocols that cater to the non-English speaking audience, MDEX has managed to establish a strong foothold in the Chinese, Turkish, Korean, Russian, and Japanese crypto communities and has built a loyal audience of users and contributors.

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November 1, 2021