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Women in the Metaverse: Ekin Eriş of Infinite Arcade

Ekin has established her role as a frontrunner in the blockchain gaming space.

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LBank Crypto Exchange Weekly Listing Report — March 21, 2022

LBank Crypto Exchange Weekly Listing Report — March 21, 2022
LBank continues to deliver great projects for its users. This week’s intriguing new listings and a recap of last week’s listings are presented by LBank Exchange, giving consumers more information to better comprehend these unique prospects. New Listings on LBank Exchange Scheduled this week starting on 21st March. Project: TVER Listing date: 21st Mar. Official […]

The “Triple Halvening” Could Be The Perfect Storm For Ethereum

The ETH balance held by exchanges has fallen to a four-year low in anticipation of Ethereum’s planned switch to a pure Proof-of-Stake blockchain. issuance now: 15K ETH/day issuance at merge: 1.5K ETH/day pic.twitter.com/DH7liaytr6 — ultra sound money 🦇🔊 (@ultrasoundmoney) March 15, 2022 ETH transaction flows propose a super bullish pattern Since the beginning of this […]

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Why Olympus DAO can’t sustain its growth

Olympus DAO was hit hard by the recent market sell-off, with OHM trading as low as $32 on March 9, down 97.7% from its all-time high of $1,415 set last April.

The post Why Olympus DAO can’t sustain its growth appeared first on CryptoSlate.

How to Earn Rewards in the Metaverse and Play-To-Earn Games Through Guzzler

The cryptocurrency space has grown immensely throughout 2021. At the beginning of the year, NFTs were just a mere notion. However, as the year progressed, they picked up the pace. The OpenSea marketplace for NFTs saw vast volumes of over $3 billion as NFTs such as CryptoPunks and the Bored Ape Yacht Club sold for millions of dollars apiece. The Metaverse has also taken shape recently, as many giant corporations begin to be interested in this virtual world. There is a need for open-source NFTs that can be used in any Metaverse regardless of the chain. Guzzler is a project that has identified this niche and has rushed to fill this gap. This article will discuss the solutions that Guzzler is bringing to the metaverse and NFT spaces. What Is Guzzler.IO? Guzzler is a project that aims to build operable and customizable non-fungible tokens that will be able to operate across different open worlds or metaverses. This will save time, and it will save energy for these rapidly growing worlds. For instance, if you are an explorer of the metaverses and in need of transportation to tour the metaverses, Guzzler can help you have a custom NFT car to take you through the metaverses without needing to exchange or to buy new cars for every metaverse you join. Guzzler.IO Roadmap Guzzler project began in November of 2021 with a presale and a launch. The project has been listed on Coinmarketcap and CoinGecko. The project made a huge marketing push on the Twitch platform, which is mainly used by gamers. Phase one and phase two of the Guzzler project have been completed. By December 2021, the project had over 2000 token holders, and they introduced new racecourses and updates into the game. As of December 2021, Guzzler had over 50,000 players. Currently, the project is in phase three, where the developers aim to create an open world or a metaverse, a race track, and delve into Metaverse real estate. The development team also aims to create an in-game NFT marketplace for their cars and auto upgrades. One of the significant sell points of the Guzzler project is the cross-world integration where gamers and owners of car NFTs can use them in more than one metaverse. This will be a game-changer in the metaverse since Guzzler will be the engine for the car that the user will use across all the supported metaverses. Guzzler.IO Tokenomics The Guzzler project has a native token- the GZLR token. These tokens can be staked and allow users or holders to gain access to some of the performance auto parts. The native token of the Guzzler ecosystem is an ERC-20 token. The tokenomics of the GZLR token are simple yet effective. Every transaction involving the GZLR token will be charged a 7% tax. 3% will go to marketing while 3% will go to liquidity pools. The other 1% will be added to reflections for the holders and hence with the GZLR token, holding is benefiting. Users will be able to stake GZLR tokens and earn rewards. These rewards will provide the holders with access to premium NFTs that the general public will not be able to access. These exclusive NFTs will be available to users who compete in the Guzzler games in single-player mode. Alternatively, users who have completed all levels while in single-player mode can sell their NFT car parts and upgrades on the Guzzler NFT marketplace to other players. Team Behind Guzzler.IO The team behind Guzzler is more than qualified for the job. Joey Poareo is the founder and the CEO of the project, and he has been working overtime on his philanthropic efforts to help orphans in homeless children. Fury, who is the chief development officer, is a genius game developer and has extensive expertise in mobile game development and multi-player implementation. He also has experience with smart contracts and blockchain technology and will be a great help to the project. GZLR Token has a maximum supply of 100 billion tokens. The liquidity is locked, and there is a 7% tax. The Guzzler community can be found on most social media platforms on the internet, including Twitter, Instagram, Telegram, and even Medium. On November 17, 2021, the Guzzler platform was approved to use the KYC identity verification process. This means that your credentials and personal details are safe with the Guzzler team. If you would like to buy some tokens to participate in this exciting ecosystem, you can get the tokens on Uniswap and LBank. The bottom line of the Guzzler ecosystem is to play games, stake tokens, and earn profits. The more you stake, the more parts and upgrades you have. You can sell these performance packs for a lucrative profit on the Guzzler in-game NFT marketplace. Conclusion Guzzler is a one-in-a-lifetime opportunity to make handsome profits and to enjoy yourself while in the process. Apart from this, the prospect of using one of NFT across multiple metaverses is exciting. As web 3.0 is developing, projects such as Guzzler need to begin making progress as we prepare for the new generation of internet and immersive social interaction through the Metaverse.   Image: Pixabay

Anchor Protocol: DeFi’s Leading Saving Product

Anchor Protocol Review

In the past few years, DeFi applications have seen tremendous growth. At the start of the year 2021, the Total value locked (TVL) in DeFi applications was used to be around 18 billion dollars. Currently, TVL in DeFi applications is around 200 billion dollars, which is more than 10x of the TVL of January 2021. Total unique DeFi wallets are 4.3 million right now, more than 4x the unique DeFi wallets of January 2021.  Various DeFi applications provide financial services like lending & borrowing, trading, prediction markets, yield farming, etc. Still, there are only a few million DeFi users, and the Anchor protocol of Terra Ecosystem wants to change it. Team of Anchor Protocol believes that a saving product is required for the mass adoption of DeFi applications.  Anchor is a saving protocol that offers low-volatile yields on deposits of Terra Stablecoins. The Anchor interest rate is powered by staking rewards from Proof of Stake blockchains, and therefore more stable rates can be expected. Anchor Protocol makes a money market between a lender and a borrower.  Lenders can earn stable yields by depositing their Stablecoins while borrowers can borrow stablecoins on their stakeable assets. According to the protocol-defined borrowing ratio, borrowers can lock their bonded assets (bAssets) as collateral and borrow stablecoins. Currently, Bonded Luna (bluna) and Bonded ETH(bETH) are the only two bonded assets that can be put as collateral for borrowing stablecoins.  The stream of staking rewards comes from borrowers’ global pool of collateral. These staking rewards are converted into stablecoin, which are given to the lenders in stable yield.  Tokenomics of Anchor Anchor Protocol’s governance token is the Anchor Token (ANC). Users who have staked ANC tokens can propose new governance polls, which can be voted on by users who have staked ANC tokens.  ANC token is designed to increase its value linearly with Anchor’s assets under management, allowing it to capture a piece of the protocol’s yield. Anchor provides protocol fees to ANC stakeholders proportionally to their stake, benefiting stakeholders as adoption of Anchor grows. ANC stakeholders are driven to suggest, discuss, and vote for proposals that improve the protocol. ANC Value Accrual The buying pressure increases proportionally as ANC tokens grow in lockstep with Anchor’s Assets Under Management. Protocol fees are used to buy ANC tokens from Terraswap, which are then paid to ANC stakers as staking rewards.  Protocol Fees  ANC captures protocol fees created by Anchor, with 10% of the value flowing into the yield reserve being used for the value accrual of ANC tokens. bAsset rewards, excess yield, and collateral liquidation costs are used to fund Anchor’s protocol fees. basset rewards A portion of the rewards from deposited bAsset collaterals is used to buy ANC, with the rest going into the yield reserve. If the yield reserve’s inventory reaches a sufficient amount, governance can modify the ratio of bAsset rewards utilised for ANC purchases. Excess Yield Deposit rates higher than the target deposit rate are stored in the yield reserve, with a portion of it utilised to purchase ANC. The ANC tokens that have been purchased are subsequently given to ANC stakers. Collateral Liquidation Fees When a loan is liquidated, 1% of the liquidated collateral value is sent to the yield reserve, with a portion going into ANC purchases. This cost is not included in the bid premiums. Governance Fees ANC token deposits of Anchor governance polls that have failed to attain the needed quorum are then allocated to ANC stakers as staking rewards.   At the start of the Anchor Protocol, 150 million ANC tokens were released. Fifty million (33.3 percent) tokens were airdropped to LUNA stakers, with staked amounts snapshotted at block 2179600.  One hundred million tokens (66.7 percent) were set aside for the Anchor Community Fund. Final Token Distribution A total of 1,000,000,000 ANC tokens will be distributed over four years. No more new ANC tokens will be added to the supply once this quantity has been distributed. Various methods to earn money with Anchor:  Depositing UST is a simple way to earn money with Anchor. The protocol project itself as a savings product and provides a 20% annual percentage yield (APY) on deposit.  Users can borrow UST by putting their bAssets, i.e. Bonded Luna (bluna) and Bonded ETH(bETH), up as collateral.  Users can also buy and stake ANC to receive staking rewards and participate in governance.  You can also earn rewards while at the same time providing liquidity to exchanges by staking your LP tokens (ANC-UST LP). Conclusion Anchor is the leading DeFi protocol of Terra Ecosystem. Currently, 13 billion dollars worth of assets is deposited in the protocol. Its goal is to become a stable saving solution for DeFi users, providing passive income. Anchor has an easy to use interface, which will be helpful in onboarding millions of … Continued

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ApeCoin Has Arrived

March 17, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ Eight members of Congress wrote to SEC chair Gary Gensler about[...]

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Cosmos Deep-Dive: The Internet of Blockchains

Cosmos Deep-Dive

Cosmos is a permissionless decentralized network of interoperable and independent blockchains that exchange tokens and information. Cosmos was established in order to overcome some of the problems that modern blockchains have. Scalability, governance, and usability are among these concerns. Blockchains can be separated into three conceptual layers from architecture:  Application layer: It updates the state of blockchain based on the execution of transactions.  Networking Layer: It is in charge of ensuring that transactions and consensus-related messages are propagated.  Consensus Layer: It allows nodes to agree on the system’s present state. The Cosmos is a decentralized network of autonomous, scalable, and interoperable blockchains powered by the Tendermint Core Byzantine Fault-Tolerant (BFT) consensus algorithm. Cosmos is all about the multi-chain world, seamlessly communicating data and tokens between numerous sovereign blockchains. This establishes a collaborative ecosystem because no project or blockchain in the ecosystem exists to compete with others; instead, Cosmos connects them all.  Features of Cosmos: Tendermint Core Cosmos SDK IBC Tendermint Core Tendermint BFT combines a blockchain’s networking layer and consensus layer into a generic engine, allowing developers to focus on the development of the application layer rather than the complicated underlying protocol. Tendermint saves hundreds of hours of development time as a result. Tendermint is also the name of the byzantine fault-tolerant consensus method employed by the Tendermint BFT engine. The Application Blockchain Interface connects the application layer of blockchains with the Tendermint BFT engine through a socket. Any programming language of your choice can be used to wrap the protocol, allowing developers to use whatever language best suits their needs. Cosmos SDK The Cosmos-SDK is an open-source framework for creating multi-asset public Proof-of-Stake (PoS) and Proof-of-Authority (PoA) blockchains, such as the Cosmos Hub. Application-specific blockchains are blockchains that have been created using the Cosmos SDK. The Cosmos SDK’s purpose is to simplify developers to build unique blockchains from the ground up that can natively interact with existing blockchains. IBC It’s a protocol that enables different blockchains to communicate with one another. Considering the legalities and constraints that needed to be met to make this communication process a reality was hard. IBC makes it easy to transfer tokens and other data in a trusted and frictionless manner. It opens up a world of possibilities allowing for interoperability and value transfer, without facing the scaling issues which can be seen today in many blockchains. How does IBC work? The logic behind IBC is very simple. Let us suppose, there is an account on chain X, and it wants to send 20 tokens (for eg. ATOM) to chain Y.  Tracking Chain Y receives the headers of chain X continuously and vice versa. This allows every chain to have the track record of the validator set of every other blockchain. For this purpose, each chain runs a light-client of the other. Proof Relay Proof that 20 ATOM tokens are bonded is sent from chain X to chain Y. Validation  The proof sent to chain Y is verified against chain X’s header and if the proof is found valid, then 20 ATOM vouchers are created on chain Y. Keep in mind that, ATOM tokens created on chain Y are not real, because real ATOM tokens still exist on chain X. Tokens present on chain Y are just a representation of ATOM on chain X, along with proof that these ATOM tokens are frozen on chain X. A similar process is followed to unlock the tokens when they return to their origin chain.  Tokenomics Use Cases of ATOM Token ATOM can be used in three ways: as a spam-prevention system, staking tokens, and voting method in governance.  ATOM is used to pay fees as a spam prevention method. Similar to Ethereum’s idea of gas, the fee might be proportionate to the amount of computation required by the transaction. Taking fees is necessary so that malicious actors don’t misuse the blockchain. ATOM can be staked to obtain tokens as rewards. The quantity of ATOM staked determines the Cosmos Hub’s economic security. The more collateralized ATOM there are, the more skin is at stake and the cost of attacking the network rises. As a result, the more ATOM are staked, the better will be the economic security, Governance: ATOM holders can also govern the Cosmos Hub by voting on proposals with their staked ATOM. Initial Token Distribution of Cosmos(ATOM) The Interchain Foundation held multiple private investment rounds, and a public fundraising event on April 6, 2017.  According to the Interchain Foundation, private Contributors, Public Contributors, All in Bits Inc (AiB), and the Interchain Foundation were the recipients of these newly created ATOMs.  In exchange for a $1,329,472.3 donation, strategic and early adopters received 7.1 percent of the first supply or 16,856,718.97 ATOMs. In exchange for $300,000, the seed contributors received 5% of the initial supply or 11,809,947.91 … Continued

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Real Estate DeFi Platform CitaDAO To list its token on MEXC – Should you buy?

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CitaDAO (KNIGHT), a leading DeFi ecosystem for the real estate industry, has announced plans…

The post Real Estate DeFi Platform CitaDAO To list its token on MEXC – Should you buy? appeared first on Coin Journal.

Opdex Launches Stratis AMM DEX to Support GameFi Ecosystem

London, UK, 11th March, 2022,   London, UK, March 11, 2022 — Opdex, a new decentralized exchange based on automated market makers, is launching on the Stratis blockchain to provide DeFi support for its fledgling GameFi ecosystem.

DeFi slowly recovers while NFT fever abates – February’s monthly report

February saw a steady run of applications in the blockchain sector despite declining macroeconomic conditions triggered by the conflict in Ukraine.

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Supremacy gaming platform attracts three top industry advisors

Perth, Australia, 10th March, 2022, Chainwire   Ninja Syndicate announces three new crypto industry partnerships for their metaverse gaming platform as they prepare for their public utility token sale.
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