In the ever-evolving landscape of decentralized finance (DeFi), platforms like DojoSwap are making waves by introducing innovative tokens and launchpad mechanisms. At the heart of DojoSwap is the native token, $DOJO, designed to serve a multitude of functions within the platform.
$DOJO Tokenomics: The $DOJO token lies at the core of DojoSwap's ecosystem, functioning as more than just a means of exchange. Holders of $DOJO enjoy various benefits, including a share of swap fees, participation in project launchpools from partner projects, and engagement in governance-related activities. The tokenomics of $DOJO further extend to vote-escrowed mechanisms, allowing users to actively participate in shaping the platform's future.
Acquiring #DOJO: There are two primary methods to acquire $DOJO. The first involves direct purchases using @Injective ($INJ ) during the platform's launch. The second method is through claiming $DOJO via $POINTs, which can be earned by staking liquidity pool (LP) tokens into the DojoSwap farms. The number of $POINTs earned is determined by the user's share of the farm (based on staked LP tokens) and the duration of the staking period.
Dynamic Overflow Launchpad: DojoSwap's launchpad operates on the innovative DYNAMIC OVERFLOW method, offering users a unique subscription experience. Users can subscribe to the launchpad without restrictions on the amount, with their final allocation calculated based on the percentage of funds contributed in comparison to other users when the sale concludes. Any remaining funds are returned to users upon claiming their tokens after the sale.
The total fund-raising amount dynamically adjusts based on the committed funds. If the committed funds surpass the overflow cap, the next fund-raise tier unlocks, leading to an increase in the fund-raise amount, overflow cap, and initial liquidity. Remarkably, the token price remains constant regardless of the total amount raised.
In conclusion, DojoSwap's $DOJO token and dynamic overflow launchpad on the Injective network introduce an exciting intersection of #DeFi functionalities. The platform not only provides users with opportunities for token acquisition but also empowers them through governance and participation in various projects. As the DeFi space continues to mature, platforms like DojoSwap pave the way for more inclusive and dynamic financial ecosystems. #web3 #dex $INJ

In a remarkable achievement, Solana has surpassed both Ethereum and Arbitrum in terms of 24-hour decentralized exchange (DEX) volume. According to the latest data, Solana recorded a volume of $1.77 billion, outpacing Ethereum's $1.261 billion and Arbitrum's $397.52 million.
Top Performer: Solana leads the chart with a 24-hour DEX volume of $1.77 billion.Ethereum in Second Place: Ethereum follows with a volume of $1.261 billion.Arbitrum Third: Arbitrum secures the third spot with $397.52 million in volume.Other Notable Volumes: Binance Smart Chain (BSC) and Base also feature in the top five, with volumes of $362.97 million and $195.13 million, respectively.
#arbitrum #solana #ethereum #dex #sol $SOL $ARB $ETH

🎉 TrendX has just secured $6.00M in its latest funding round! 🎉
🔹About: TrendX is an innovative AI-driven platform designed to revolutionize the Web3 domain by providing comprehensive tools for project discovery, trend analysis, primary investment, and secondary trading. Founded in Singapore in 2022, TrendX leverages advanced sentiment analysis and trend data mining algorithms to offer users forward-looking investment strategies. The platform aims to attract the next billion users entering the Web3 space by combining multidimensional trend tracking with smart trading functionalities. Key features include spot market aggregation, cross-chain trading, and an AI trading assistant. Additionally, TrendX plans to introduce a Launchpad feature and intelligent position management services. The project operates on the Binance Smart Chain and has a total token supply of 1 billion, with various allocations for liquidity, partners, airdrops, and institutional investments. TrendX’s roadmap includes continuous enhancements to its AI capabilities and the introduction of automated trading robots. By integrating these cutting-edge technologies, TrendX aims to provide a seamless and efficient trading experience for its users. The platform’s ultimate goal is to become the preferred choice for both novice and experienced investors in the rapidly evolving Web3 ecosystem. 🚀🌐
🔹 Lead Investors: CatcherVC, BullPerks, Coresky, AZH Advisory, Coinstash and many more.
🔹 Total Raised: $6.00M.
🔹 Project Category: Blockchain service, AI, Web3.
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#AI #web3 #defi #dex #Binance $BNB
$UNI
$BSW

The cryptocurrency market has been buzzing with activity lately. On-chain data shows a sharp increase in Bitcoin accumulation, similar to the accumulation phase in 2020 that led to Bitcoin's surge to $64,000 by April 2021. This hints that we might be on the brink of another bull run. 
In a surprising development, what initially seemed like bad news for the cryptocurrency market led to massive rallies in related memecoins. This was triggered by the final verdict in former US President Donald Trump's case, where he was found guilty of all 34 counts of falsifying records to cover up a sex scandal.
As always, we've gathered the top cryptocurrency stories from the past week. In this recap, we'll explore six intriguing developments you might have missed.
For transparent and decentralized crypto trading and to list your crypto token for free, don’t forget to visit our website and follow Melega Finance (@melegaexchange) on Twitter for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (May 26–June 1, 2024)
●      Binance Founder CZ Starts 4-Month Prison Sentence for Money Laundering
●      Biden Vetoes Repeal of Crypto Accounting Rule
●      Judge Dismisses DEBT Box Case, Orders SEC to Pay $1.8M in Fees
●      Hong Kong Bans Unlicensed Crypto Exchanges
●      Terraform, Do Kwon Near Fraud Settlement with SEC
●      Gemini Reimburses $2.18 Billion to Earn Users
Binance Founder CZ Starts 4-Month Prison Sentence for Money Laundering.
Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, has reported to a low-security federal prison in Lompoc, California. His legal team at Latham and Watkins confirmed that Zhao is serving a four-month sentence for money laundering charges. 
The crypto community praised Zhao's move, viewing it as a protective measure for the Binance exchange. Following his release, Zhao plans to continue his involvement in cryptocurrency, focusing on passive investing. Despite facing an initial three-year recommendation, Zhao was sentenced to four months and fined $50 million.
Biden Vetoes Repeal of Crypto Accounting Rule
U.S. President Joe Biden vetoed a resolution to overturn the SEC's Staff Accounting Bulletin No. 121 regulating cryptocurrency holdings. Biden cited the need to protect consumers and investors and stated that reversing the guidelines would undermine the SEC's authority. 
The decision faced sharp criticism from the crypto industry and lawmakers, who argued it stifles innovation. Despite bipartisan support in Congress for the repeal, Biden emphasized his commitment to maintaining financial security and regulatory oversight.
Judge Dismisses DEBT Box Case, Orders SEC to Pay $1.8M in Fees
A federal judge has dismissed the SEC's case against Digital Licensing, doing business as DEBT Box, and ordered the commission to pay $1.8 million in attorney and receivership fees. 
The May 28 ruling by Judge Robert Shelby in the U.S. District Court for the District of Utah follows a March finding of SEC misconduct related to a temporary asset freeze. DEBT Box claimed the SEC's information was inaccurate, leading to this significant win for the firm. The SEC cannot proceed with the case as it stands.
Hong Kong Bans Unlicensed Crypto Exchanges
Hong Kong has mandated that all cryptocurrency exchanges without an operational license from the Securities and Futures Commission (SFC) must cease operations immediately. This regulatory crackdown aims to enhance investor security and transparency in virtual asset trading.
Exchanges had until February 29 to apply for a license, with a three-month window to comply. Major exchanges like OKX and Huobi HK exited the market in May. As of May 31, only HashKey and OSL Exchange have received approval, with more decisions expected by June 1.
Terraform, Do Kwon Near Fraud Settlement with SEC
Terraform Labs and former CEO Do Kwon are close to settling fraud charges with the SEC. Both parties are expected to submit the final settlement terms for court approval by June 12, 2024. The SEC accused Terraform and Kwon of misleading investors about the stability and investment potential of TerraUSD (UST) and other tokens. 
The settlement follows a civil case in which they were found liable for defrauding investors. This proposed settlement addresses significant financial penalties and Kwon’s future roles in securities-issuing entities.
Gemini Reimburses $2.18 Billion to Earn Users
Gemini has reimbursed users of its defunct Earn program with $2.18 billion in digital assets, covering 97% of the owed amounts. This payout followed a settlement with Genesis Global, a former partner in the program. 
Genesis had filed for bankruptcy after halting withdrawals amid a liquidity crisis. Gemini's settlement ensures users receive 100% of their assets, including any appreciation. New York Attorney General Letitia James secured a $2-billion settlement with Genesis to address fraud claims, mandating the return of investor funds and cessation of its New York operations. 
NEWS FROM MELEGASWAP
MARCO Token: Presale Concluded and Launched on Uniswap
The $MARCO token, the native cryptocurrency of the Melega Finance ecosystem, has successfully concluded its presale on GemPad and is now available for trading on Uniswap through the Base Chain. 
Melegaswap, the leading AMM DEX on the Binance Smart Chain (BSC), will expand to multiple blockchain networks in the coming weeks. We continue to provide a user-friendly trading experience and robust project support.
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Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.
#MelegaSwap #melega #melegamarco #dex #gemini