2030: Odyssey in data. It is an ordinary morning, year 2030. The avatar of the designer, powered by the latest LLM, has sifted through all global and local fashion collections, of any brand, as well as all ideas, sketches, social media posts, private conversations, videos, and emails of everyone; all of this, starting from the Roman Empire, thanks to the famous Google Odyssey, the largest database in the world, to search for that new idea of a summer shirt, for the Alpha community of Berlin, and in particular for the CAP 10115 tribe, near the old Wall. The new design is instantly created by artificial intelligence and immediately distributed to the first 1,000, the lucky ones to win the lottery, among those who signed up for the brand’s workshop, with a simple ‘tap’ of their avatars’ fingers. They also receive a fraction of bitcoin for their role as ambassadors. If they generate enough interactions, or buzz, on Roblox, only ten pieces will be produced and shipped to their homes, to those with the best performance. The brand’s designer has not yet manually drawn anything, and her task is rather to interact digitally with her fans. Once ‘a’ design is baptized for production and distributed in physical format, in a limited edition, as well as being mass-produced but only digitally, the intellectual property rights and revenues are immediately distributed to fans and shareholders, via blockchain, with calculations processed by quantum computers that operate on glasses, wearable devices, or chips installed on people’s necks. Welcome to the future of fashion.

We are not creative and, if we are, we are not even paid now. Artificial intelligence will kill creativity and property rights. This is the most common adage, which I hear repeatedly. Guess what? We are not creative, as adults, and most of the things we write online should not be protected, including this article. In his latest work, “The Cost of Dull”, Adam Morgan shows how a video of paint drying performs much better than 85% of all current advertisements. The same goes for a video of cows eating grass. Morgan tested his hypotheses and presented his insights at the famous Cannes Advertising Festival, where the most creative people on the planet gather for a week to talk about creativity and, of course, drink rosé.

The problem is that talented creators are few, and they are not paid. Most interactions on social media are passive (like) and the content tends to be unoriginal (repost or retweet). Those who “create” something new do not receive enough money. According to the Wall Street Journal, last year 48% of true creators earned $15,000 or less, while only 13% earned $100,000 or more.

The ability of artificial intelligence to multiply creative experimentation will provide us with the tools to increase our chances of engaging the audience, if we have something to say (prompt). What we really need is a system that allows us to monitor the process and results of artificial intelligence, while distributing incentives along the food chain. Now we have the technological stack: it’s called blockchain and AI. Will artificial intelligence disrupt some professions? Certainly. Will artificial intelligence change the way we create? Yes. Will artificial intelligence change the way we interact digitally? Yes. So, if I run a fashion house, what do I do? Or rather, who will I be as a manager, creator, or business leader?

Who are you? Creativity is a way of operating, and it requires a goal and a vision. The goal for any company, and for society in general, when its powers are enhanced by artificial intelligence and other exponential technologies like blockchain, is threefold:

Seek knowledge, as we have done since the Enlightenment, to solve concrete problems of people, always in a simple and effective way, and sometimes with an added touch of inspiration and a sense of surprise, if we think about how we should treat our VIPs and super-fans.

Create social capital, that is, ensure that the new knowledge and its benefits are shared as widely as possible, rewarding actions, contributions, ambassadors, in line with the time and willingness of people to ‘dance’ with a brand, a company, and their network of family, friends, and contacts (just to be clear, paying them).

Challenge the status quo, at least digitally (simulate multiple versions of the future), because technological advancements will make any activity and profession fragile; and technology can help build a Plan B.

Continues to grind data. Technology will make us more creative, more suited to identifying and fairly rewarding friends and supporters, and more capable of evolving what we do. 

What will the future be like? Ask artificial intelligence, but ask the right questions and check the answers, if you have a vision of what the world could know, share, and dream. If you are short of ideas, keep asking. We will not find a ‘theory of everything’ in AI, at least until 2030. It is enough to pursue new knowledge, broad access for everyone to it, and the urgency to change, repeatedly, or at least be ready for the new.

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Bitcoin (BTC) has held onto the $65,000 support which could be an early sign at a potential price recovery, while Solana (SOL) has dropped to its 45-day low, risking a potential downtrend in the upcoming sessions as-well. In the meantime, Rollblock (RBLK) holders are bracing for another price increase, as the crypto is up 40% from its initial price and could soon reach new heights. To see which is the best crypto to diversify with, we will go over their on-chart metrics, and will determine which ones are the top crypto coins to accumulate.

Bitcoin Navigates a Price Correction: A Temporary Dip or a Paradigm Shift?

Bitcoin (BTC) has recently undergone a volatile correction, shedding value from a peak of $69,945 to find support around $65,000. Reclaiming the psychological barrier of $67,000 is seen by many analysts as a crucial step towards re-establishing bullish momentum for the Bitcoin crypto. 

While the immediate future may be shrouded in uncertainty, a long-term prognosis for Bitcoin price remains optimistic. Analyst projections paint a picture of a potential price target reaching $98,973 by the year’s end according to the Bitcoin price prediction, making it one of the top crypto coins.

Solana Crypto Drops to 45-Day Low Despite Ecosystem Expansion

Solana (SOL) has recently exhibited a positive ecosystem update, coinciding with the arrival of the Pyth Pull Oracle. This integration is expected to enhance Decentralized Finance (DeFi) functionalities within the Solana ecosystem, potentially leading to increased network usage and a subsequent rise in SOL’s value.

Technical analysis reveals that Solana crypto has dropped to a 45-day low. A decisive break above the $200 resistance level is considered crucial for further upward momentum for the Solana price. Despite the recent correction, overall sentiment surrounding SOL remains bullish. The Solana price prediction suggests a potential climb to $264.43 by the close of Q4, 2024, making it a solid opportunity for diversification.

Rollblock (RBLK): A Blockchain-Powered Platform To Rule The Future of Decentralized Gaming

Rollblock (RBLK) positions itself as a disruptive force within the burgeoning GambleFi market, and by leveraging blockchain technology, RBLK targets a niche within this sector, poised to reach a $744 billion valuation by 2028.  

This licensed online casino platform prioritizes transparency, a stark contrast to the traditional GambleFi landscape often mired in opacity. Furthermore, RBLK caters to privacy-conscious users by eliminating KYC checks, fostering anonymity within the platform’s ecosystem. 

RBLK implements a well-structured tokenomic model designed to incentivize long-term investment and community engagement. Up to 30% of the platform’s weekly casino profits are strategically allocated towards a token buyback program. This program reduces the circulating supply of RBLK through a weekly buyback and burn mechanism, potentially leading to token appreciation over time, positioning RBLK as the best crypto to invest in now.

Half of the repurchased tokens are permanently removed from circulation through a burning process, while the remaining half are distributed directly to RBLK holders. This incentivizes long-term investment and fosters a sense of community ownership within the RBLK ecosystem.

Currently in Stage 3 of its presale, RBLK has already secured over $770,000 in funding and boasts a user base exceeding 3,000. The token price has also witnessed a noteworthy 40% increase since its initial offering price, currently trading at $0.014. Analysts project that the presale could surpass the $1 million mark by the end of the month, reflecting strong investor sentiment.  Furthermore, some analysts are optimistic about the token’s short-term trajectory, projecting a potential 300% increase in value by the end of the week.

Why Holders Are Bracing for Another Increase

It’s clear that Bitcoin has indeed recovered to $65,000 however is still struggling to reach further heights. In the meantime, the Solana crypto reached a 45-day low, incentivizing traders to diversify their holdings. The most ROI can be made with Rollblock, as it’s already bullish on the charts, and holders are bracing for another price increase, making it the best crypto to invest in now.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

*This article was paid for. Cryptonomist did not write the article or test the platform.

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The meme coin market has been quite a roller coaster with WIF nonstop decline and Shiba Inu still fluctuating. Both of these coins have put doubt in their investors, causing many of them to withdraw. Raboo on the other hand although is still in its presale has been making waves. The new AI meme coin has shown potential to generate great returns and has already raised over $1.6 million. Keep reading to find out more. 

WIF: Investors withdraw due to continuous price decline 

The WIF price has declined by more than 40% over the last four weeks, and it is currently trading at $1.60. Dogwifhat, as well as other tokens has been negatively impacted by the shift in sentiment towards meme coins in the cryptocurrency market.   

Even though WIF is showing occasional signs of weakening bearish momentum, the Moving Average Convergence Divergence (MACD indicator hasn’t stopped signaling a bearish crossover for WIF. This crossover indicates that the downward trend might persist, indicating that the WIF price will continue to go down. 

The bearish movements with no signs of recovery has caused WIF investors to withdraw their funds. There has been a notable outflow of capital since June 8th. WIF market volume has declined by 14% in the last 24 hours. This significant reduction in how much the coin was traded reflects a lack of confidence among investors and a shift away from WIF. 

Shiba Inu shows potential for a upward breakout 

Shiba Inu price has been trading downwards since May 30th. Shiba Inu is trading over 80% down from its all time high on October 28th 2021. Analysts predict Shiba Inu could see a surge and if the breakouts are a success, it could lead to a bullish rally potentially taking SHIB to its previous levels.

The optimistic look on Shiba Inu is also backed by on-chain data. SHIB has over the past week seen an uptick in buying pressure. It is currently trading at $0.0000177. This trend shows investors interest in potential reinvestment. In any case, it is crucial to understand that MACD remains on the bearish side, providing a clear indication that Shiba investors should exercise caution. Investors should measure these mixed signals carefully and stay updated with the latest market trends and technical insights. 

Raboo: the hottest meme coin in 2024

Aiming for a slice of the $62 billion market, investors have focused on Raboo’s ($RABT) crypto presale, encouraged by predictions from analysts of 233% profits during the initial coin offering (ICO) and a possible 100x increase after launch. 

The excitement surrounding Raboo’s cryptocurrency presale is intensifying. $RABT tokens started at a ridiculously low price of $0.003 and has swiftly progressed to Stage 4 of its presale, selling for $0.0048. It now has over 8000 registered users and over 2,500 token holders. Even though it is still in its presale Raboo has raised over $1.6 million. This is all thanks to the amazing features it presents to the market. 

Raboo wants to build one of the biggest communities for meme coins possible. It presents competitions where users compete to create the best memes using cutting-edge AI, providing large prizes in addition to continuous amusement. But that’s only the beginning. Social media postings can also be turned into cash with its innovative Post-to-Earn program, and the addition of NFTs together with abundant staking rewards portends a prosperous and eventful year. 

Conclusion 

Meme coins are still on the rise, even though not all are currently doing great. WIF is still on a downward trend and Shiba Inu is struggling to surge. Investors have now looked to Raboo, the newest AI meme coin with great potential as an opportunity to benefit from the market. Raboo presents loads of opportunities, with goals to make its investors lots of money. 

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

*This article was paid for. Cryptonomist did not write the article or test the platform.

Among today’s Bitcoin News, we cannot miss the interview with Michael Saylor, co-founder of MicroStrategy, who spoke about how BTC offers “economic immortality.” Not only that, Saylor stated that the queen of crypto will reach 10 million dollars per coin. 

Bitcoin News and the interview with Michael Saylor of MicroStrategy: “BTC offers economic immortality”

In an 84-minute podcast interview with Robin Seyr, Michael Saylor, co-founder of MicroStrategy, spoke about Bitcoin, making several strong comments on the matter. 

#Bitcoin is Economic Immortality.pic.twitter.com/ZtLzUK4kO6

— Michael Saylor (@saylor) June 23, 2024

“Bitcoin is economic immortality.”

At the center of his speech, the phrase by Saylor stands out according to which “Bitcoin offers economic immortality”, and not only that. In this regard, the co-founder of the business intelligence company believes that the future of money, which is Bitcoin, will serve companies as a sort of machine for corporate immortality. 

“What is the difference between perfect money and imperfect money? Perfect money is economic immortality. Imperfect money is: we all have a short and brutal life”.

Just as he is doing with MicroStrategy, Saylor believes companies that invest in Bitcoin are positioned to last longer than those that remain bogged down in the corporate malaise of the past. Here are his words on the matter:

“The average life expectancy of a company is about 10 years. … We are talking about eliminating corporate mortality, we are talking about extending economic vitality easily by a factor of 10, maybe by a factor of 100, maybe by a factor of a million”.

Bitcoin News: according to Saylor of MicroStrategy “BTC will reach 10 million dollars”

The great bitcoiner also talked about the Bitcoin price prediction, stating that in the future, a single Bitcoin will be worth 10 million dollars.

Not only that, still talking about the future, Saylor of MicroStrategy predicts that all of China will embrace and support the cryptocurrency. 

Returning to the present and casting a glance at the past, then, Saylor believes that everything that came before Bitcoin, in economic terms, has been rendered obsolete by its introduction. 

“The economy is a pseudoscience before Satoshi. It is an almost religious liberal art and is full of people’s opinions, prejudices, and preconceptions. … All economists before Satoshi tried to elaborate the laws of the economy with shells and glass beads, pieces of paper, and credit instruments”.

As of today, MicroStrategy is the single private company in the world that holds the most Bitcoin. 

“`html The company holder of 214,400 BTC “`

MicroStrategy is a holder of a whopping 214,400 BTC, equivalent to 13.37 billion dollars, at the time of writing. The latest purchase dates back to April, with 122 BTC first and another 33 BTC later. 

Among the latest news this June, however, MicroStrategy has launched a private offering of senior convertible bonds maturing in 2031, to raise the amount of 500 million dollars. 

Here too, it has already been stated that the net proceeds will be used primarily to purchase additional Bitcoin (BTC) as part of its long-term accumulation strategy. 

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BlockDAG (BDAG) continues to captivate the cryptocurrency industry with its innovative developments and remarkable success in presales. The newly released Developer Update 55 introduced pivotal enhancements, including WebSocket technology, solidifying BlockDAG’s position in crypto mining. 

With its presales reaching $53 million by the 18th batch, BlockDAG’s trajectory looks very promising. As the presale advances, the price per coin has escalated to $0.0122 in the latest batch. Moreover, the latest keynote has broadened its appeal by clearly outlining BlockDAG’s strategic plans.

In-depth Analysis of BlockDAG’s Keynote and Efficient Transaction Capabilities

The debut of the keynote video on the large billboards in Tokyo’s Shibuya Crossing caught the public’s attention by presenting BlockDAG as a transformative power in the crypto world. This presentation introduced the BDAG coin miners, crucial to the network’s infrastructure. From the compact X1 model to the robust X100 model, BlockDAG offers a spectrum of mining devices catering to various earning potentials. These devices are built with cutting-edge technology like undervolted A6 chips and a surplus power supply, ensuring longevity and operational efficiency.

BlockDAG’s unique DAG architecture facilitates swift transaction processing, nearly eliminating the delays typically seen in standard block mining. Capable of handling 10,000 to 15,000 transactions per second (TPS) at minimal fees, BlockDAG is ideally suited for supporting large-scale, urgent applications. This setup enables secure and immediate peer-to-peer transactions, positioning BlockDAG to redefine digital exchanges and offering a decentralised and streamlined avenue for monetary exchanges. Since its inception, the presale has progressed from $0.001 per coin to $0.0122, with over 11.7 billion BDAG coins sold across 18 batches. Miner sales have also been robust, generating $3.4 million with over 8,100 units sold, indicating strong community backing and a bright future for the project.

Dev Release 55: Enhanced Security Through WebSocket Implementation

BlockDAG is elevating blockchain technology with WebSocket integration in its latest Developer Release 55. This update is set to revolutionise real-time communication within its network, establishing new norms for blockchain explorations. WebSocket technology allows two-way communication over a single TCP connection, facilitating instant updates and smooth interactions within decentralised applications (dApps). This integration caters to high-volume and low-latency needs, which are crucial for the scalability of BlockDAG’s architecture.

Security remains paramount, with stringent measures such as Secure WebSocket (wss://) for encrypted communications, authentication protocols, and token-based access systems. Developers are provided with extensive API documentation and examples in various programming languages to ease the integration process. Additionally, the WebSocket implementation will introduce an event-driven architecture, subscription options, and load-balancing features for enhanced fault tolerance. These developments promise real-time updates on blocks and live transaction feeds, significantly improving user engagement and experiences. This milestone boosts functionality and enhances the overall user experience as BlockDAG continues to innovate.

Final Reflections

The launch of BlockDAG’s Developer Release 55 and the integration of WebSocket technology represent significant progress in enhancing the cryptocurrency mining and transaction landscape. These innovations ensure that BlockDAG remains a leader in the industry, offering an efficient and seamless mining experience. With its successful presale and ongoing technological advancements, BlockDAG is cementing its position as a pivotal player in cryptocurrency, providing exciting prospects for new and experienced investors.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

*This article was paid for. Cryptonomist did not write the article or test the platform.

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Recently, market momentum has decisively shifted towards three promising cryptos: Algotech (ALGT), Ondo Finance (ONDO), and Arbitrum (ARB). Experts are eyeing these digital assets with heightened interest, forecasting impressive gains that could reach up to 33 times their current value.

Let’s get into how these three players are performing against each other.

Algotech Mania: The Token Every Investor Needs for the Next Crypto Bull Run

Algotech (ALGT) is the new kid on the blockchain, causing quite a stir among traders and investors globally. Algotech isn’t just about riding the crypto wave; it’s revolutionizing it with a cutting-edge algorithmic trading platform. Picture this: a high-octane AI and machine learning-driven engine that automates your trades reduces risks, and boosts your gains while minimizing losses. It’s like having a Wall Street whiz kid in your pocket.

And the perks don’t stop there. Holding Algotech’s ERC-20 standard token, ALGT isn’t just about the bragging rights. It’s your ticket to governance privileges and partial control over this groundbreaking software. Plus, a steady revenue stream sweetens the deal, making ALGT a golden goose for traders.

Now, let’s talk numbers. ALGT’s presale is heating up in its Bonus Stage at $0.08, with over 87% of tokens already scooped up. Over 3 million tokens remain before the price jumps to $0.10; a juicy 25% increase is on the horizon.

Early birds who hopped on the ALGT train at $0.02 are sitting pretty, eyeing a whopping 275% return when the token hits its projected launch price of $0.15. And here’s the kicker: Algotech is set to skyrocket by over 1,200% post-launch. If you’re looking for a ticket to the next crypto bull run, your search ends here.

ONDO Crypto Bull Run: March Surge Sets the Stage for a 48.65% Rise by June

A post in the third week of March 2024 revealed that Ondo Finance’s native token, ONDO, had surged by 39% within 24 hours, reaching a new all-time high of $0.77. Data from Santiment shows a spike in whale transactions, rising from 68 to 91 in the same period.

How did this news affect Ondo Finance’s price? By the third week of June, ONDO had seen a 48.65% upturn as it rose from $0.74 to $1.10. Experts anticipate continuity in this upward trajectory, with Ondo Finance surging to $2.92 by Q4 2024, showcasing a 165.45% spike from $1.10.

With ONDO securing a spot in 2024’s crypto bull run, can Arbitrum match its performance?

ARB Plummets 10.53% Amid Gaming Initiative: Experts Predict 148.23% Surge by Year-End

The Arbitrum blockchain platform unveiled a bold initiative aimed at revolutionizing the Web3 gaming industry in the second week of June 2024. Over the next three years, the company intends to allocate 225 million ARB tokens—worth around $215 million—to game developers as part of its innovative Gaming Catalyst Program.

Arbitrum, in reaction to the same, witnessed a 10.53% plunge within a week, as ARB dropped from $0.95 to $0.85 by the third week of June. Can Arbitrum recover from this downward trajectory? Experts believe ARB could trade at $2.11 by the end of 2024, igniting a 148.23% rebound from ARB’s price of $0.85.

As it is, Arbitrum is less promising than Ondo Finance, but Algotech takes the day.

ALGT: The Rising Star Set to Redefine the Crypto Landscape

Industry experts are confident about ALGT’s potential to impact the crypto market substantially. ALGT has captured significant interest, with its presale demand driving its value skyward. ALGT has already raised over $7.6 million quickly, signaling its imminent rise as a major contender.

With this impressive momentum, ALGT is poised to outperform leading altcoins like ONDO and ARB upon its launch, establishing itself as a formidable competitor in the cryptocurrency arena.

Visit Algotech Presale

Join The Algotech Community

*This article was paid for. Cryptonomist did not write the article or test the platform.

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In the present bullish crypto market environment, a DeFi blue chip called RCOF Finance (RCOF) serves as a top pick with more than 1,254% ROI potential, as recommended by an expert who previously predicted Toncoin’s (TON) accurately.

Regarding DeFi in the crypto industry, blue chips are associated with large capitalization and leading and well-known projects in the DeFi field. Nonetheless, it becomes difficult to determine which of the many DeFi protocols out there can be considered blue-chip.

RCO Finance (RCOF): The DeFi Blue Chip with Unparalleled Potential

RCO Finance (RCOF) is an innovative DeFi blue chip that employs AI and ML to assist investors in generating optimum yield possibilities dependent on their investment objective and menace aptitude.

While other trading platforms employ human choices in investing, RCO Finance’s robo-advisor performs the function without interference from the emotions that may affect the ideal choice.

This means that the platform has some form of value that attracted the Toncoin (TON) trader to invest in the space of cryptos;

AI Robo-Advisor: RCO Finance’s intelligent AI robo-advisor analyzes market trends and investment opportunities using state-of-the-art algorithms and excellent technical points.

All-in-One Token: Similar to Toncoin (TON), the RCOF token is the platform’s decentralized internal token, promoting the development of the RCOF ecosystem. Holders can enjoy cash flows through passive income, multiple-staged incentives, and protocol votes.

Invest Directly in Real-World Assets: RCO Finance created an opportunity to invest in a diversified portfolio of tokenized real-world assets. More than 12,500 international securities are listed in leading trading platforms, and about 120k assets can be used to grow the portfolio and achieve higher profits.

DeFi Lending: RCO Finance bridges borrowers and lenders where interest rates are relatively low. This ensures efficiency in the financial market, as investors can optimally utilize their assets by borrowing or lending.

No KYC Requirement: As a concealed DeFi blue chip, RCO Finance works without KYC to ensure users’ privacy is not violated.

Global Debit Card: The platform provides clients access to services that are otherwise restricted considering geographical location, allowing smooth and effective transactions.

Get Leverage Up to 50x: RCO Finance offers investors up to 50x Leverage, helping increase their chances of earning high profits.

Enjoy 24×7 Market Coverage: RCO Finance provides users with the option of round-the-clock market observation so they can carry out investments or trading operations at all times.

RCO Finance’s AI robo-advisor is particularly noteworthy to this DeFi blue chip. This tool instantly and accurately analyzes the availability of huge amounts of market data, outlines patterns and tendencies, and further generates recommendations on expected value fluctuations.

All these make RCO Finance a highly profitable DeFi blue chip with potentially high investment returns. The best part is that this projection is backed by a top trader who accurately predicted Toncoin’s (TON) rise.

Other Notable DeFi Blue Chips

RCO Finance (RCOF) is not the only DeFi blue chip with significant potential. Other notable DeFi blue chips include;

Aave: Aave is a lending platform built on the Ethereum blockchain. It enables users to lend and borrow digital assets to create liquidity in decentralized finance.

Lido: Lido is another lending platform for decentralized financial applications that enables lending and borrowing assets, thus filling the liquidity demand in the DeFi market.

Uniswap: This decentralized protocol is another DeFi blue chip that supports the trading of DeFi tokens, brings more liquidity to DeFi spheres, and optimizes the work of standard stock exchanges.

MakerDAO: MakerDAO involves a decentralized lending system in which users receive loans in DAI, an affinity coin tied to the U.S. dollar, based on collaterals, including Ether.

Grab the Opportunity Before It’s Too Late

RCO Finance (RCOF) is a DeFi blue chip with great potential for investment. The Toncoin (TON) investor predicted a possible ROI of over 1,254%. The current presale stage is the first presale stage for RCO Finance, where the RCOF token is offered at $0.127 per token.

Within the first few weeks of the presale opening, about 30 million tokens were sold out, and thus, investors who want to invest in RCOF and get a full 100X ROI should do so as soon as possible.

The forecasted per-share price estimate range for RCO Finance is between $0.4 and $0.6, which is 3000% of what is currently being offered, making it a lucrative investment.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

*This article was paid for. Cryptonomist did not write the article or test the platform.

Zug, Switzerland, June 20th, 2024, Chainwire

Aleph Zero announces significant ecosystem advancements: the first EVM-compatible ZK-Privacy Layer capable of generating zero-knowledge proofs in under one second on consumer-grade devices and zkOS, a product suite for seamless integration of on-chain privacy into various Web3 applications.

The Aleph Zero Foundation is excited to announce the testnet release of its ZK-privacy EVM Layer 2 solution powered by Arbitrum Orbit on Gelato RaaS. This marks the first EVM-compatible privacy solution capable of subsecond ZK proving times, significantly enhancing the end-user experience by making on-chain privacy virtually instantaneous.

Aleph Zero also revealed its long-term strategy to develop zkOS: a client-side, chain-agnostic zero-knowledge privacy system. zkOS aims to offer Privacy-as-a-Service (PaaS) via seamless app integrations on WASM and EVM-compatible networks. These initiatives open Aleph Zero’s ecosystem to a broader range of EVM users and mark its first step towards potential multichain growth.

With zkOS, users can conduct private transactions and interact with dApps without compromising their data. This system enables high-throughput applications, such as privacy-preserving DeFi apps, RWAs, AI, and enterprise solutions, broadening the reach of privacy technologies to a wider audience.

“Privacy is still mostly unsolved; it’s costly, complex to use and build, and its use cases lack economic incentives. With zkOS by Aleph Zero and the zk-privacy EVM layer 2, we aim to change that not only in the Aleph Zero ecosystem, but also in the broader Ethereum ecosystem thanks to the flexibility of Arbitrum Orbit’s stack and our collaboration with the idOS network.” -Antoni Zolciak, Co-founder of Aleph Zero

Aleph Zero’s Substrate-based WASM Layer 1 blockchain, launched in November 2021, offers developers subsecond finality, support for 170 validator nodes, and over 40 external teams building various applications. The Layer 1 will now also serve as the Data Availability layer for the L2 EVM layer, its applications, and its L3 appchains.

The new ZK-privacy EVM Layer 2 Developer Testnet is now live, inviting builders and early adopters. Integration examples include Rarible, the NFT company, and a yet-to-be-announced team working on novel prediction markets. The Developer Mainnet release is scheduled for Q3 2024.

Aleph Zero EVM, a ZK-privacy Layer 2 rollup on Ethereum, is built in partnership with Gelato, leveraging Arbitrum Anytrust DAC technology for a fast, secure, and scalable execution environment. It boasts up to 250ms block times with near-instant transaction finality and processes thousands of transactions per second, making it one of the fastest EVM chains on the market.

“Aleph Zero EVM uses Arbitrum Orbits’ advanced web3 scaling stack–with the most performant developer tooling–to create the most advanced privacy-enhancing blockchain infrastructure on the market.” said Luis Schliesske, Founder of Gelato. “Privacy will become a major narrative in 2024 and beyond, as more mainstream use cases emerge.

Aleph Zero EVM Layer 2 Developer Testnet includes extensive developer tooling from Gelato and third-party infrastructure like oracles, block explorers, and multi-sig, making it a versatile platform.

Aleph Zero’s zkOS uses the Halo2 with KZG commitment scheme for speed and a universally trusted setup. Although it requires more developer effort than alternatives like Noir or Risc0, Aleph Zero’s zkToolkit simplifies zkOS integration, ensuring high performance and ease of use across existing apps in both Aleph Zero and Ethereum ecosystems. Initial benchmarks show zkOS zero-knowledge proofs can be executed in 600-800 ms on standard devices using browsers like Safari or Chrome.

Development Roadmap

The EVM Testnet is unveiled today, with the Mainnet release set for Q3 2024, enabling developers to deploy production-ready apps with optional privacy features. The zkOS MVP is expected by Q3 2024, with ZK identity features in collaboration with idOS and private operations on arbitrary ERC-20 tokens by Q4 2024. Advanced features of zkOS are slated for Q1 2025. For more details, users can visit the roadmap section on alephzero.org.

Use Cases

Confirmed use cases working with Aleph Zero and zkOS include:

Holyheld: Enhancing card payments with privacy technology.

DRKVRS: Adding privacy to a unique action RPG game.

Rarible: the NFT company with Rarible Marketplace being integrated with Aleph Zero.

See3: Building a new crypto-native ZK content standard.

idOS: Managing personal data access for dApps.

Pieces.market: Compliant investment in fractionalized luxury RWAs.

Upcade.xyz: Setting new standards in web3 gaming.

Common: Expanding its Private DeFi Suite to the EVM ecosystem via Aleph Zero.

For more information about Aleph Zero EVM and zkOS, users can visit Aleph Zero or join the community on Discord and Telegram.

About Aleph Zero

Aleph Zero is a privacy-first ecosystem of blockchain solutions engineered for speed, data confidentiality, and ease of development, supporting development across WASM-based Rust and EVM-based Solidity environments. Aleph Zero showcases its adaptability across various sectors and applications, supported by an engaged community and growing ecosystem. 

For inquiries, users can contact josh@serotonin.co or ana@serotonin.co.

Contact

PR Manager
Josh Adams
Aleph Zero
josh@serotonin.co

Cebu, Philippines – August 23-24, 2024

The Universal Tech Expo 2024, set to be the most transformative technology event of the year, will take place on August 23-24 at the prestigious NUSTAR Resort & Casino in Cebu City, Philippines. This international event, organized by Knowlex, will bring together the brightest minds from around the globe to explore advancements in Blockchain, Forex, Fintech, Web3, AI, eSports, eGaming, and Cybersecurity. This is proudly supported by the Department of Information and Communications Technology (DICT) of the Philippines and Her Highness Princess H.H. Hesah Al Saud of Saudi Arabia.

Our MISSION is to bring together the brightest minds in digital technology to foster innovation, collaboration, and growth. We aim to create a platform where the latest advancements in Blockchain, Forex, Fintech, Web3, AI, eSports, eGaming, and Cybersecurity are not just discussed but experienced firsthand. Our goal is to inspire attendees, from industry professionals to aspiring students, to push the boundaries of what’s possible in the tech world.

A Global Confluence of Innovation

Designed to be a melting pot of innovation, the Universal Tech Expo will offer a unique blend of insightful keynotes, interactive workshops, and cutting-edge technology showcases. It promises to be a crucial platform for networking, learning, and sharing the latest technological advancements.

Why Cebu, Philippines?

The choice of Cebu as the host city aligns with the Philippines’ rising status as a tech hub in Southeast Asia. Known for its vibrant culture and burgeoning tech scene, Cebu offers the perfect backdrop for an event of this caliber. The Philippine government’s support further reinforces the city’s commitment to embracing and advancing technology.

Event Highlights

Keynote Speakers and Thought Leaders – Renowned figures from each industry will share their insights and experiences, providing a comprehensive overview of the future landscape.

Panel Discussions – Interactive sessions featuring industry experts will encourage dialogue, idea exchange, and audience engagement.

Exhibition Zone – Cutting-edge technologies, products, and services from leading companies will be showcased, allowing participants to explore firsthand innovations across various sectors.

Interactive Demonstrations and Startup Showcases – Witness live demonstrations and discover groundbreaking startups poised to revolutionize their industries.

Networking Opportunities – Business matchmaking and industry networking events will foster collaborations and partnerships, leading to potential business ventures.

Epic Afterparty and Closing Gala – Celebrate the achievements and contributions of participants, with awards for outstanding technological innovations and government contributions.

For Our Sponsors

The Universal Tech Expo offers a range of sponsorship opportunities, providing unparalleled brand visibility and engagement with a global audience. Sponsors will gain access to a diverse group of tech professionals, media, and business leaders.

About Knowlex

Embarking from a robust foundation in the UK and Europe, Knowlex extends its wings into the MENA region, aspiring to weave a seamless tapestry of experiences across the Blockchain, Forex, and Healthcare Expo segments. Our journey is illuminated by the presence of industry pioneers, wielding cutting-edge knowledge and insights into pertinent markets.

At Knowlex, our essence is encapsulated in our ability to curate vibrant platforms for training and networking, all while riding the wave of the most recent trends and technological advancements. Our dedication is unwavering, committed to orchestrating unparalleled events with a steadfast focus on reliability, exemplary customer service, and a unique flair that distinguishes us in the realm of event management.

Quote from Event Organizer

“We are excited to bring the Universal Tech Expo to Cebu and offer a platform for the tech community to come together. The expo is more than just an event; it’s a catalyst for innovation and collaboration,”

said Dwain Elias, Head of Event at Knowlex.

Join Us in Cebu

The Universal Tech Expo is set to be a transformative event, bringing together a diverse group of professionals and enthusiasts from the finance and technology sectors. Don’t miss the chance to be part of this groundbreaking convergence of industries.

For more information and to register, please visit www.universal-tech-expo.com or contact us at info@universal-tech-expo.com.

New week, new crypto horoscope dedicated to the upcoming week from June 24 to June 30.

This week will be characterized by the transit of the last Quarter Moon in Aries on Friday 28/6.

For several months now, we have been dedicating space to the crypto horoscope written by Stefania Stimolo, an expert in astrology and blockchain. It is a weekly column with the horoscope of each zodiac sign available every Sunday only on The Cryptonomist. 

In our slogan of “Raccontiamo il Futuro”, we wanted to delve deeper into the topic, jokingly speaking, with this entertainment column. 

“`html The crypto horoscope “`

We call it crypto horoscope for the simple fact that sector terminology is used. 

Words like NFT, metaverse, and Over-The-Counter to describe actions and scenarios, but also trading terminology like bullish, bull run, bear market, or dump to identify the mood of each zodiac sign during the days of the week.

Obviously, the famous to-the-moon to indicate the mood of that sign cannot be missing! 

In general, you might experience a period of “hard-fork”, understood as an “inner split”, or pass your lightning torch to the next zodiac sign, meaning that the Sun is moving to the next sign. 

Or, simply, you need to reflect on some situations that go into “verify,” that is, when the planet is in dissonance with respect to the zodiac sign. Not only that, with every new change of guard of the Sun through the constellations of the zodiac, the roadmap of each sign will reach a new step. 

Obviously, no investment advice is given; on the contrary, it is pure entertainment, just like any other horoscope. It must be said that many beginners in the sector have understood the specific crypto terminology also thanks to the horoscope on The Cryptonomist. 

“Don’t Trust, Verify”

Astrology is not an exact science, but it aims in its own way to predict the future. So why not associate the typical blockchain phrase “Don’t Trust, Verify” here as well. 

In fact, what the author wants to propose is her interpretation of the planetary transits that occur during the week, describing the reaction of each zodiac sign, following the “logic” of traditional astrology. 

For those who are astrology enthusiasts, they might stay updated just by the transits that are communicated weekly, which, in some way, influence us. A Retrograde Mercury, rather than the days of Full Moon. 

Others, on the other hand, might access the dedicated page, which is updated every Sunday, and read the horoscope of their zodiac sign, their ascendant, or why not, even the horoscope of friends and loved ones. 

So, for entertainment purposes only, don’t waste time and click here to read your horoscope for this week!

Bitget, one of the leading crypto exchanges in the world, has announced an expanded partnership with Sumsub with the aim of increasing user security regarding deepfake and scam. 

In particular, the two aim to achieve an accuracy rate higher than 99% in detecting and combating deepfake fraud. Let’s see all the details below. 

Deepfake and scam: how the crypto sector is defending itself 

As anticipated, the well-known exchange Bitget has announced an expanded partnership with Sumsub, a comprehensive KYC verification provider.

This collaboration aims to improve security for the 25 million Bitget users worldwide, aiming to achieve a accuracy rate higher than 99% in detecting and combating deepfake scams.

This partnership is part of Bitget’s mission to promote the development of criptovalute and financial inclusion. Thus offering unbanked populations access to digital financial services.

The use of Sumsub’s advanced verification products will ensure secure, efficient, and intelligent crypto transactions, protecting the global customers of Bitget from increasingly sophisticated identity fraud generated by artificial intelligence.

According to recent data from Sumsub, the number of deepfakes discovered in the cryptocurrency sector has increased by 217% from the first quarter of 2023 to the first quarter of 2024. Meanwhile, all sectors have seen a 245% year-on-year increase. 

These alarming numbers highlight the urgency of improving the technologies for detecting deepfake. Let us remember that deepfake are digital media manipulated through intelligenza artificiale to create realistic but fake videos, images, or audio files.

In the context of identity fraud, deepfake can create false identity credentials, such as videos of people showing false identity documents. 

Representing therefore a significant threat that can bypass traditional security measures and cause substantial damage.

Sumsub provides Bitget with a range of security features including identity verification, liveness (facial recognition verification), non-documentary verification, and database validation. 

These tools, combined with deepfake detection technologies and AI-based fraud prevention, ensure that Bitget adheres to the highest security standards. 

Impacts of the partnership on the cryptocurrency market

In the dynamic space of cryptocurrencies, the importance of solid security measures cannot be underestimated. With the growing spread of digital financial services, the risk of complex cyber threats, including deepfake scams, also increases. 

Ensuring that platforms like Bitget implement world-class security features is essential to protect user data and maintain trust in the system.

Innovative KYC verification and fraud prevention technologies, such as those provided by Sumsub, are essential to ensure the security of transactions in the cryptocurrency sector.

By integrating tools based on artificial intelligence to detect and prevent deepfake fraud, cryptocurrency platforms can create a more secure environment for their users. 

Promoting trust and supporting a wider adoption of digital financial services.

In an increasingly dynamic crypto market subject to various risks, projects are emerging that redefine the security standards of transfers on the blockchain, reigniting investor interest.

On the occasion of the Parisian event Proof of Talk where The Cryptonomist was a media partner, we conducted an interview with Beniamin Mincu, CEO & Co-founder at MultiversX (former Elrond).

Beniamin Mincu is a leading web3 entrepreneur and the Founding CEO of MultiversX. As an influential name in the blockchain space, Beniamin is responsible for MultiversX’s foray into building scalable L1 solutions, focusing on areas of cross-chain security & interoperability, asset tokenization, and sovereign chains. 

Under his leadership, MultiversX’s focus on serving enterprises & the developer community, has helped establish it as a Top-100 L1 project processing at a max of 263,000 transactions/second, with a growing ecosystem of over 8,200 dApps and 3,200 nodes. 

Prior to his time at MultiversX, Beniamin Co-Founded and led Metachain Capital, a digital asset investment fund focused on supporting innovation in the blockchain space through capital, key connections, strategic advice, and more with investments from Polkadot, Binance, and Tezos, among others.

What is your long-term vision for MultiversX, and how do you see it evolving in the next 5 to 10 years?

At MultiversX, we are creating the infrastructure required to support internet-scale on-chain activity across multiple verticals and industries and move the blockchain space away from a highly siloed and fragmented experience that is characterized by limited throughput and inadequate security safeguards. What enables us to do so is the underlying sharding technology that ensures an efficient architecture for all things digital, which translates into a network that is fast and secure while also being carbon-negative. 

Can you share some real-world applications and partnerships that have successfully utilized the MultiversX blockchain?

One of our first core apps, and one that has already garnered traction within the Web3 space and beyond, used by millions of people worldwide, is xPortal, a digital wallet for finance, on-chain experiences, and so much more. xPortal abstracts any complex blockchain interactions and provides a seamless and intuitive interface that’s on par with that of any Web2 application.

Of course, our ecosystem, currently sitting at over 8,000 apps, is far wider than just crypto payments and includes Web3 games, marketplaces for digital assets, DeFi, bridges, launchpads, tokenization or real-world assets, developer tools and so much more.

Another example of a project utilizing the MultiversX blockchain is PlayFi, a GameFi project targeting over 3 billion gamers globally that enables developers to build web3 gaming features on top of traditional games. This, in essence, creates an intersection between GameFi and traditional gaming akin to a permissionless Fortnite tournament. 

Our ecosystem’s simplicity and ease of development is reflected in how MultiversX is now the leading blockchain network for game development, with 263 notable GitHub events compared to the runner-up, Decentraland’s 150 GitHub events. 

How does MultiversX differentiate itself from other blockchain platforms like Ethereum, Solana, or Polkadot?

Being based on sharding tech, MultiversX is the only truly scalable blockchain capable of growing with demand far beyond the capabilities of other networks. In addition, developers are highly incentivized on the network, as they receive 30% of gas fees when their smart contract is called.

Among the other features that set MultiversX apart is how it supports the ease of development for newcomers to blockchain technology. For instance, our partnership with Tencent Cloud, AWS and Google Cloud led to the creation of a blockchain infrastructure solution that enables application development without the need to start from scratch. This minimizes the inconvenience of deploying and managing MultiversX blockchain infrastructure nodes, saving hours of research and practice.

MultiversX is known for its high throughput. Can you explain the technology behind this and how it ensures scalability without compromising security?

We utilize sharding technology to multiply the capabilities of the network, enabling high-performance use cases on top of our L1 infrastructure and potentially hundreds of L2s exploring Sovereign Chains and looking to ensure scalability and interoperability. This involves splitting the network into smaller, more manageable pieces, maintaining security, speed, negligible costs and energy efficiency at times of exponential activity. 

Sharding-tech-powered solutions such as Sovereign Chains go beyond just one vertical and expand into DeFi, gaming, healthcare and enterprise sectors. In gaming, for instance, high throughput and low latency, combined with adjustable transaction fees, enable radically different business models and gameplays. 

We further ensure the security of our scalable solution through on-chain 2FA, which requires two separate forms of verification that secure digital assets. Even in the worst case of the secret phrase being compromised, exploiters would remain unable to move funds without the Guardian feature’s co-signing. 

What steps are you taking to attract developers and projects to build on the MultiversX platform?

Sovereign Chains provide a robust and scalable foundation for building the next generation of dApps and interoperability of L2s with major blockchain networks such as Ethereum, Bitcoin and Solana. This particularly appeals to developers looking to leverage multiple ecosystems’ strengths to create more versatile and powerful products for last-mile user consumption. To further encourage the development on Sovereign Chains and support developers, we have in place a US$1 million grant program for builders.

We also ensure that extra measure is taken to facilitate a seamless building journey for prospective projects and developers on the MultiversX Network. With a complete Developer Resource Library available, developers can find all the necessary documentation, GitHub and StackOverflow resources. 

How is MultiversX navigating the complex regulatory landscape, and what are your views on the future of blockchain regulation?

We have always been in contact with regulators and legislators and believe that the best way forward is facilitated by collaboration with multiple stakeholders, including government officials. One way that we are trying to kickstart public-private initiatives is by showcasing how blockchain technology can be used at the institutional level for greater efficiency and transparency or just to enable different types of engagement with their users or constituents. For example, we have seen the launch of the first institutional NFT marketplace in Romania on MultiversX, with multiple public sector participants contributing collections.

Furthermore, while regulation is inevitable, we strongly believe that it should be coordinated with key players in the field to produce the best results for the public while continuing to encourage innovation. With blockchain, multi-stakeholder collaboration is key. We see that many mainstream entities are starting to realize the cost-saving potential of blockchain-based systems, and creating an environment that fosters collaboration between public officials, private organizations, tech startups, and other blockchain-related entities will drive innovation, encourage investment and provide early economies of scale. 

What measures are in place to ensure the environmental sustainability of the MultiversX network?

We have been offsetting more CO2 than is attributable to our energy footprint since 2021. Our annual carbon footprint generated by product development and operations is approximately 5,253 tonnes compared to the financial system’s annual 1,100 megatonnes of carbon emissions and Bitcoin’s annual 62 megatonnes of carbon emissions. 

To put this into perspective, our annual carbon footprint is equivalent to approximately 16,422 Bitcoin transactions or 16,422,500 miles of driving. This modest footprint enables exponential efficiency seen in the network’s high throughput, demonstrating a mindset to make blockchain technology a sustainable force for good. 

How are you enhancing the user experience for both developers and end-users on the MultiversX platform?

Our Sovereign Chains’ delivers increased performance by dedicating a blockspace and computational resources to one concept, which improves transaction throughput, reduces latency and lowers fees. This catalyzes the performance of applications in gaming, DeFi and other real-world use cases.

In addition, developers will find unprecedented levels of flexibility and sovereignty through the option to customize various aspects of their blockchain, including the security model, fee token model, governance mechanism and VM. This level of customization is instrumental in attracting and retaining users and developers through its unique incentive schemes, tokenomics, and user experiences.

Can you elaborate on the security mechanisms in place to protect the network from potential threats and vulnerabilities?

Most common attack vectors that are present in blockchains are tackled through a large number of participating validator nodes. More nodes equals more security, as the effort/cost to gain control of sufficient nodes to do damage (mint coins, double spend, reject valid transactions, etc) increases. In fact, MultiversX is the second largest Proof of Stake network by validator node count after Ethereum, currently having 3,300+ block producers at the consensus layer.

To make attacks even harder to attempt, nodes are shuffled around shards at random each epoch, so even if an attacker manages somehow (infeasible economically in practice) to get control of a large enough number of nodes, they do not have time to coordinate maliciously. Moreover, MultiversX uses randomness to assign a block proposer and consensus group, resetting each block. The chances of nodes being in the same consensus group are lower than winning the lottery several times in a row.

The security of the MultiversX blockchain and associated core components is a top priority for MultiversX. Our Proof of Stake network is secured by considerable amounts of EGLD and provides valuable services for business or private use. Our mission is to become a layer of trust for digital financial systems at internet scale, and the highest level of security is a mandatory prerequisite. Therefore, we recognize that fostering a close relationship with the broader community helps improve the security of the MultiversX blockchain, and for this, we are running a specific bounty program for several years now, through which we receive and welcome vulnerability reports from researchers, auditor companies and individual experts.

10. What new features or innovations can the community expect from MultiversX in the near future?

As part of the roadmap, we are bringing important upgrades that will make the network faster, with the ultimate goal of getting to sub-second finality as per the latest research improvement proposal, enhancing privacy via Zero-Knowledge confidential transactions, bringing on-chain support for mobile biometrics and passkeys to allow for the creation of seamless and secure experiences for users. These represent just a fraction of what we are currently working on. Of course, Sovereign Chains remain a high priority for us, and we are in advanced discussions with enterprises interested in developing scalable, cost-effective on-chain solutions using the underlying MultiversX technology. 

The two most anticipated crypto airdrops of the year, namely those of the layer-2 ZKsync and the interoperability protocol LayerZero, have finally come to an end.

In the last week, the ZK and ZRO coins have been distributed to the respective early adopters of the two projects, with a listing on the largest cryptocurrency exchanges.

Throughout all this, there has been no shortage of criticism and disputes regarding these two airdrops, which have offered smaller rewards than the expectations of the farmers, inevitably leading to a decline in the hype for this niche sector.

What are now the best airdrops to farm and how will the landscape of token incentives to crypto communities evolve?

Let’s see all the details below.

Completed the distributions of ZKsync and LayerZero with many criticisms from the community: enthusiasm for crypto airdrops drops

After more than two years of waiting by crypto farmers, the well-known Ethereum layer-2 ZKsync and the famous omnichain interoperability protocol Layerzero have released their respective airdrops with the launch of the ZK and ZRO tokens.

The completion of these distributions marks the end of a very important era for the cryptocurrency airdrop sector, where we witnessed a strong increase in participation between the end of 2023 and the beginning of 2024. 

This obviously does not mean that there will no longer be airdrops to farm (there will probably be more and more), but that the way they will be managed by the various projects will change significantly and simultaneously also the way they will be perceived by users.

In fact, the launches of the respective tokens of ZKsync and LayerZero have been among the most criticized ever, with both parties implementing a selection of eligibility criteria that is very complex with allocations sometimes not in line with the expectations of the community.

Given the high number of active users who participated in the two airdrops, namely 7 million addresses on ZKsync and 5 million addresses on LayerZero, we could have expected it: with such a crowd, it was almost inevitable that someone would be disappointed by the final result.

In any case a sentiment of discouragement is perceived among many airdrop hunters who for months have spent hundreds/thousands of dollars in fees to obtain insignificant token allocations.

Airdrop meta is dead.

Pack it up guys, it's over

— Viktor DeFi (@ViktorDefi) June 19, 2024

Despite this, it should still be noted that both ZKsync and LayerZero have put a large sum of money in crypto into the pockets of the communities.

ZKsync: 3.68 billion ZK (17.5% total supply) to 695,232 addresses for a total value of 1.08 billion dollars according to listing prices;

LayerZero: 85 million ZRO (8.5% total supply) to 1.28 million eligible addresses for a total value of 382 million dollars according to listing prices.

The problem with these airdrops is that, as mentioned, the excessive enthusiasm  given by investments and multi-billion dollar valuations has led to a condition of “overfarming”, making it impossible for the projects themselves to execute an honest distribution that manages to reward users, partners, VC and team for their contribution at the same time.

Since the crypto world is an environment that self-regulates based on the internal market dynamics, it is possible that in the coming months there will be much less crowd for emerging airdrops and therefore there will be many more opportunities.

Simplifying, we can say that this self-regulating mechanism is similar to that of Bitcoin mining, where the participation of miners is greater where there are conditions for a good profit (typically BTC price) while it decreases when these conditions cease to exist (low BTC price, high hashrate, and block reward halving).

According to this reasoning, the airdrop meta is far from over: it’s just a matter of waiting for the right moment and choosing the protocol that is relatively less farmed in proportion to the potential reward to be claimed.

𝗔𝗶𝗿𝗱𝗿𝗼𝗽 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝘆𝗰𝗹𝗲

Disbelief: Airdrop farming is dead. Have fun being farmed

Hope: it’s possible some airdrops are good

Optimism: Airdrop season is real

Belief: Time to farm all 200+ airdrops

Thrill: I’ll quit my job and become a full time… pic.twitter.com/g38dWooNIx

— shawnfarms (@wagmifam) June 19, 2024

Which airdrops to farm from now on?

If the airdrop meta is not really over, what are the next projects to farm and on which to aim to achieve a higher crypto allocation compared to the disappointing results recorded by ZKsync and LayerZero?

First of all, on the horizon we still have the airdrops of Scroll and Linea, both layer-2 of Ethereum that have launched a points campaign (Scroll Sessions and Linea Surge) and are therefore the next most anticipated from now until the end of the year.

In this case the hype is not exaggerated and the projects do not seem to be “overfarmati” therefore we can expect a decent reward.

I've always followed the following belief

Repeat it as affirmation 20 times per day:@Scroll_ZKP will be better than @zksync & @LayerZero_Labs @LineaBuild will be better than @Scroll_ZKP & @Starknet

Brayan and Alex, thanks that you kicked so many sybils from this market

— Ronin (@DeRonin_) June 20, 2024

In the world of finance, the terms “bull” and “bear” are often used to describe market trends. A “bull” market is characterized by rising prices, while a “bear” market is marked by falling prices. Understanding these concepts is crucial for investors.

Recently, two very interesting projects have been launched: Symbiotic and Sophon.

The first is a restaking protocol that aims to compete with Eigenlayer, while the second is a hyperchain built on top of ZKsync: both have solid backers behind them and very interesting underlying technology

To participate and be eligible for these airdrops, it is sufficient to stake on their official websites and wait for the launch of the respective governance tokens to be announced. The amount of the reward will obviously depend on the value of the stake and the time it has been locked.

SOPHON FARMING IS NOW OPEN

Live now at: https://t.co/EfKWD8eXXE

(1/2) More information below pic.twitter.com/z4GgE5po4B

— sophon (@sophon) June 18, 2024

Other upcoming airdrops that could bring satisfaction to farmers are: EigenLayer -Phase 2, Swell, Zora, Ethena, Hyperlane, Debridge, Layer3, Berachain, Koi Finance.

Let’s not forget to be present when the Monad and Sonic projects are launched on the mainnet, with timelines indicating Q3 and Q4 of 2024. In particular, Monad could be the largest airdrop on this entire list, in terms of value that will be released to early adopters.

List of Projects with Confirmed upcoming airdrop

LayerZero
Linea
Scroll
Zora
Initia
Monad
Blackwing
Synthr
Grass
Ethena
Hyperlane
Orbiter Finance
Syncswap
Orderly Network
Debridge
Eclipse
GRVT
Fuel Network
DeBank
BeraChain
Burnt Xion
Layer3
Particle Network
RedStone chain
Koii…

— CARBZ (@CarbzXBT) June 17, 2024

What will be really important, however, is not just WHAT TO FARM, but rather HOW TO FARM an airdrop and obtain the highest possible allocation in crypto.

LayerZero and ZKsync have been a clear example that it is not always necessary to process hundreds of transactions and move volumes in the millions to receive great rewards, but what matters most is to behave like real users.

Often use (not excessively) the most interesting products you find on-chain, do various swaps, act as LP, trade NFTs but without clogging a chain or a protocol with tx without value. 

Finally, be careful not to farm with too many wallets (especially if with a very low balance) and not to fall into the anti-sybil traps, under penalty of exclusion for the next airdrops.

BlockDAG (BDAG) stands out in the crypto market thanks to its innovative updates and successful presale initiatives. The recent Development Release 55 brings essential new functionalities to the X1 Miner application, further solidifying BlockDAG’s role in the cryptocurrency mining sector. Meanwhile, the anticipated capabilities of the X10 Miner highlight BlockDAG’s commitment to innovation.  

With $52.7 million raised in its presale and reaching Batch 18, the trajectory for BlockDAG’s value is promising. As the batches advance, the presale price has climbed to $0.0122 per coin, representing a dramatic 1120% increase from the initial batch. This growth excites investors, with projections suggesting a possible surge to $20 by 2025.

Earn Up to $4000 Daily with BlockDAG’s X10 Miner by 2025  

The forthcoming BlockDAG X10 Miner promises a revolution in crypto mining with its compact, high-efficiency design. This device, comparable in size to a typical Wi-Fi extender, seamlessly integrates into any home setting. Despite its modest size, the X10 Miner is a robust device, capable of mining as much as 200 BDAG daily at a 100 MH/s hash rate. Its setup is straightforward, supporting both Wi-Fi and Ethernet connections, and includes accessories like a power brick, Type-C cable, and Ethernet cable. 

Optimised with ASIC technology specifically for BlockDAG, the X10 Miner maximises computation efficiency while maintaining a low energy consumption of just 40 watts, ensuring a balance between energy use and mining profitability.  

From its humble beginnings at $0.001 per coin to now $0.0122 in Batch 18, BlockDAG’s presale momentum is impressive, with $52.7 million raised and 11.7 billion coins sold. Should BlockDAG reach the anticipated $20 value by 2025, daily earnings from the X10 Miner could reach $4000, showcasing the significant income potential and establishing BlockDAG as a premier entity in the crypto arena.

Development Release 55: X1 Miner App Introduces Exciting New Features  

BlockDAG community members will be thrilled with the new enhancements brought by Development Release 55 to the X1 Miner app. This update marks the completion of Phase 2, enhancing the mining experience with additional interactive features.  

Scheduled for release by week’s end on both the Google Play Store and Apple App Store, the revamped X1 Miner app improves upon the beta with a simplified onboarding process, an intuitive main page, and an easy method for users to view their BDAG balances. A comprehensive FAQ and customisable settings module help users tailor their experience and address common queries swiftly.  

A standout addition is the new leaderboard feature, enabling real-time earnings comparisons. With successful mining now feasible in the dev-test environment, users can monitor their progress and rank among peers. Additional functionalities include managing referral groups and secure account deletion options.  

This update represents a significant advancement for the X1 Miner app, blending user-friendly design with robust features. The app is thoroughly tested to ensure reliability and effectiveness in crypto-mining.

Key Takeaway  

BlockDAG’s Development Release 55, showcasing new features in the X1 Miner app, signals major progress in enhancing the cryptocurrency mining experience. These developments ensure BlockDAG’s continued leadership in the sector, offering users a more engaging and efficient mining process. Additionally, the potential of the X10 Miner reinforces BlockDAG’s innovative approach, promising substantial future earnings and exciting investment opportunities. With its successful presale and ongoing technological advancements, BlockDAG is cementing its position as a leading force in the cryptocurrency community, attracting both new and experienced investors.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

SPONSORED POST*

The ideal word to describe 2023 for the crypto world is rollercoaster because the assets’ prices suffered major fluctuations. But it seems like the sector is heading towards a bull market again, so everyone believes that cryptocurrencies’ value will increase. The industry will provide investors with multiple opportunities to boost their profits. 

The main reason why experts believe the market will turn bullish is that Bitcoin has registered a price spike. Considering the sector’s history, chances are all the other cryptocurrencies will follow the same trend. In April this year, the pioneer of the market went through a halving event that cut block rewards in half. After this event, the supply available for miners to sell dropped by 50%. Usually, halvings are preceded and followed by periods when Bitcoin’s price goes up due to increased demand, and Ethereum price will follow suit. 

In a context when the future of Bitcoin seems bright, it’s essential also to have a look at the altcoins that drive increased returns on investment. 

Ethereum

No one familiar with the crypto sector should be surprised that Ethereum is listed first when discussing altcoins that perform well. Everyone recognizes its dominance in the DeFi system and the successful transition it completed to the eco-friendlier Proof of Stake algorithm. Even if many other cryptocurrencies have gained popularity in the sector over the years, it remains a key player, with the second largest market capitalization. 

Ethereum is more than digital money; it is a platform that hosts dApps and smart contracts, and it powers decentralized finance. Over the last few years, institutional investors have started to turn their attention towards Ethereum because it proved that it has the potential to provide them with a profit.

Solana

Solana is one of investors’ top choices when it comes to altcoins to add to their portfolios during bull markets. Solana has drawn everyone’s attention because it has brought to the market some innovative solutions like decentralization, security, and scalability. It’s ideal to add it to an investment portfolio at the end of the bear stage because the chances for its price to go up during the bull run are high due to its fast transaction processing. 

Solana has also gained a reputation as being one of the most thriving ecosystems for NFTs and DeFi because it focuses on developer experience and increased scalability. It is one of the main competitors of Ethereum because it has a high performance in the sector. According to data, NFT sales on its blockchain exceeded those of Ethereum at the end of 2023, especially due to an increased interest from online sellers. 

Avalanche

Crypto experts believe that AVAX could be one of the altcoins that might explode in the following months because the Avalanche platform has performed well since its inception. It was mainly developed to support the creation of decentralized services and applications, but it also serves other purposes. AVAX, its native token, is used to enable transactions, the creation of smart contracts and power platform validation. 

Avalanche is a popular blockchain platform because it provides users with several benefits. It enables fast transactions, has a scalable architecture and its smart contracts are compatible with Ethereum. 

Cardano

Cardano has come to life after its developers conducted meticulous research as they aimed to create a scalable and secure network that crypto enthusiasts can use to achieve their goals. It focuses on smart contracts and sustainability, so it’s the ideal contender in the race to become a successful altcoin. 

ADA, its native token, is more than a speculative asset because it has several real-world applications. It can be used for powering voting systems, verifying identities online, and enhancing the effectiveness of supply chain management. Due to its multiple use cases, Cardano is listed among the blockchains worthy to invest in. 

Polygon

Polygon has a native token called MATIC that takes the name from a parent network called MATIC Network. Polygon was launched in 2017 to provide crypto users with lower transaction costs in Ethereum and other compatible blockchains. MATIC is also used as gas in other Polygon sidechains to pay for transactions and commissions. Users can receive MATIC tokens for maintaining the operation of the network. 

The main reason why crypto enthusiasts use MATIC is that it enables transactions over short periods. 

Polkadot

Polkadot is often described as the Internet for blockchains because it functions like a bridge between different blockchains. Through Polkadot, blockchains can share data and collaborate, providing investors with new opportunities. Polkadot has gained popularity in the crypto sector because it embraced a multichain approach. It might not have performed great during the bear phase, but it has the potential to register a price boost in the next phase. Polkadot is one of the main network’s developers use when they want to create custom blockchains, and it’s ideal for hosting projects from any sector. 

Polkadot creators understand the importance of interoperability, so they developed a platform that enables blockchains to collaborate and connect, eliminating the existence of isolated networks. 

What factors could cause altcoins to become more popular?

No one can deny that altcoins are simply fascinating due to their unique particularities. However, not all of them perform well in the market. Here are the main factors that could enable alternative coins to rise higher in price. 

– Economic factors play a significant role in the evolution of altcoins. Their prices would spike when cryptocurrencies enter the mainstream and are used for financial transactions. 

– Media influence can also trigger a price increase because it attracts attention to the market. Well-known people can influence the evolution of altcoins because people following them usually listen to their pieces of advice. 

– Sector regulation influences the evolution of the entire crypto market. The emergence of new networks and platforms has led to the need for regulation to create a framework that investors can work within. 

– Demand for the altcoin will always drive a value increase because cryptocurrencies are highly volatile. Market dynamics and demand show that the public is interested in a particular asset; hence, its popularity is higher. 

Final words

In the following months, the crypto market could enter a new bull phase, and investors must be able to select the right assets for their portfolios. 

*This article was paid for. Cryptonomist did not write the article or test the platform.

Bitget, one of the fastest-growing crypto trading platforms, recently announced the launch of its Pre-Market service: one of the flagship projects to be offered through this service is Hamster Kombat (HMSTR), a game that has already generated significant interest in the crypto community.

What is Bitget Pre-Market? What is Hamster Kombat?

Bitget Pre-Market is an innovative platform designed to provide users with early access to new tokens before they are listed on major centralized exchanges. This service aims to offer traders and investors a competitive edge, allowing them to purchase tokens at potentially lower prices compared to market prices once the token is made available to a wider audience.

Hamster Kombat is a blockchain game that combines elements of strategy, combat, and NFT (non-fungible token) collection. Users can breed, train, and fight with their virtual hamsters, earning rewards in HMSTR tokens. The game has quickly gained popularity thanks to its captivating graphics, engaging gameplay mechanics, and earning potential for players.

Early access to HMSTR tokens

Thanks to the Pre-Market platform of Bitget, users can now get early access to the HMSTR tokens of Hamster Kombat. This opportunity allows investors to purchase the tokens before their official listing on centralized exchanges, such as Binance, Coinbase, and others. This early access offers several advantages:

Anticipated price power: Users can purchase HMSTR tokens at prices lower than the post-listing market prices. This allows them to benefit from a potential increase in value when the token is made available to the public.

Prepare for the official launch: With the tokens already in their possession, users can better prepare for trading and staking once HMSTR is listed on the main exchanges. This can include more advanced trading strategies and greater participation in the Hamster Kombat community.

Risk reduction: Purchasing tokens in advance can reduce the risk of price volatility associated with the initial listing on centralized exchanges. Users can thus avoid price spikes and the typical fluctuations of the first days of trading.

To participate in the early access to HMSTR tokens through Bitget Pre-Market, users must follow a series of simple steps:

Registration on Bitget: Users must register on Bitget and complete the identity verification process (KYC).

Deposito di fondi: After registration, users must deposit funds into their Bitget account in order to purchase HMSTR tokens.

Participation in the Pre-Market offer: Once the previous steps are completed, users can participate in the Pre-Market offer to purchase HMSTR tokens at discounted prices.

The benefits for Bitget and the crypto community

The introduction of Bitget Pre-Market not only offers advantages to users, but also strengthens Bitget’s position as a leader in crypto innovation. By offering early access to promising projects like Hamster Kombat, Bitget attracts a wider audience of traders and investors, increasing trading volume and liquidity on the platform.

Furthermore, projects like Hamster Kombat benefit from faster adoption and greater visibility within the crypto community. Early access to tokens creates a solid base of supporters and initial investors, who can contribute to the long-term success of the project.

Bitget Pre-Market represents a significant breakthrough in the way investors can access new crypto projects. With early access to Hamster Kombat’s HMSTR tokens, users have the opportunity to acquire tokens at advantageous prices, preparing themselves in the best way for the official launch. This initiative not only offers benefits to investors but also strengthens the position of Bitget and Hamster Kombat in the crypto landscape. As the crypto world continues to evolve, initiatives like Bitget Pre-Market will be fundamental in driving innovation and mass adoption.

The Cryptonomist interviewed David Schwartz, CTO at Ripple (XRP), on the occasion of the APEX conference held in Amsterdam in June a few weeks ago.

During your talk yesterday, you mentioned that improved user experience via interoperability is essential for mass adoption. So can you talk about some of the ways that Ripple is playing a key role in this?

One thing is the EVM sidechain interoperating with the XRP ledger, the main chain. So the XRP ledger is obviously the chain that Ripple’s been building on, developing, and we’ve been talking about the EVM sidechain, it’s the second chain. The logic there is that the XRPL chain is really good for sort of mainstream applications like if you want an automated market maker, there’s an automated market maker on the XRP ledger main chain. Do you want NFTs? There’s NFTs on the main chain.

The problem is they’re sort of fixed functions. They included the functionality that the community thought was the most important and the most valuable, but you have to draw a line somewhere. You can’t include every feature that a person might want. But if you absolutely needed it, it just doesn’t exist in the XRP Ledger ecosystem. So it’s a trade-off. 

We want people to be able to both have the great functionality aimed at those mainstream use cases for the XRP ledger has, but also if you have an niche use case that maybe only you and 15 other people care about we don’t want to tell you that we have no answer for you right, so you could live on the EVM side chain. And so we are working on bridges like the Axelar bridge that will be for the native cryptocurrency. So the native currency on the EVM sidechain will be XRP bridged by the Axelar bridge. 

How is Ripple integrating CBDCs?

I think that we’ve seen that the market has shifted from focus on CBDCs, which were always going to be very slow moving, always going to rely very much on government actors, which are very, very slow to move. I joke that they’re more conservative than the Catholic Church, but it’s true, right? Like the Federal Reserve, the Central Bank, these are very slow-moving institutions, and they did show some inclination to move rapidly and some interest. So I think our perspective would be that it looks like institutional stablecoins that are licensed, that are regulated. You know, the EU has MiCA. 

There was a presentation during APEX by Messari. They were showing a chart for how these stablecoins have enabled these entire DeFi ecosystems. CBDC is maybe in the longer term, but right now, if you want to build these DeFi ecosystems, it looks like you need stablecoins.

In terms of security and decentralization, what measures has Ripple put in place to protect its network and users, and how does Ripple balance these aspects with efficiency?

We’ve put a lot of effort ourselves into what we call brand protection. For example there have been a lot of scams with people impersonating Brad Garlinghouse and impersonating me. We work really hard both to shut those scams down like on social media platforms where they occur. Also, we work to trace the funds when these scams do occur. They’re generally trying to steal cryptocurrencies. We help with work to try to track those cryptocurrencies down, freeze them at the sources where they are. That’s been a huge problem with this industry.

There’s also the security of the blockchains themselves, especially with interoperability. Blockchains don’t have, at their core design level, blockchains don’t really have a security problem because, like, you can’t steal Bitcoin from Bitcoin. There’s no place else you can take it.

And the team also works with auditors, like Bishop Fox, and others. It’s always tricky when the same people who wrote the code are trying to find the flaws in it, because sometimes you have assumptions. So when you build something, you know there are some blind spots in the design that turn into blind spots in the review, and unfortunately you can even sort of infect, one person can sort of infect the team, so the team can have blind spots. We definitely do third-party, particularly for things like security sensitive code.

Monaco City, Monaco, June 21st, 2024, Chainwire

Memereum Achieves Significant Milestone

Memereum (MEME) sold over 1 million tokens within hours of its presale, reaching a total of over 24 million tokens sold in it’s current presale phase. The team views this rapid progress as an indication of strong market demand and confidence in Memereum.

Innovative Features of Memereum

Upon launch, Memereum will introduce MemeSwap, the first decentralized insured exchange. A beta version of MemeSwap is currently live and accessible on their website. This platform aims to provide a secure trading environment, leveraging decentralized insurance mechanisms to protect users’ investments. MemeSwap aspires to enhance security and user confidence in the crypto exchange market.

Staking Rewards Program

Memereum includes an automatic staking system with a 183% annual percentage yield (APY). This yield aims to attract participants by providing notable rewards, positioning Memereum as an option for those interested in exploring new opportunities in the crypto space.

Memereum Presale

With the current presale price set at $0.04 and the launch price anticipated by the team to be $0.45, Memereum offers an opportunity for early investors to enter at a low price with the potential for returns. The presale structure includes a strategic price increase every 72 hours, aiming to encourage early participation.

Market Presence

Already listed on three exchanges ( BitVenus, Toobit, and Azbit), Memereum is poised to make a significant impact in the cryptocurrency market. Memereum’s ability to sell over 1 million tokens within hours of its presale launch marks a significant achievement and highlights its potential in the cryptocurrency market. 

Conclusion

As the cryptocurrency market continues to recover, Memereum is strategically positioned to benefit from this momentum. The next few months are crucial as Memereum executes its plans and builds on its early achievements. With a dedicated team, robust community support, and a clear vision, Memereum aims to make a lasting impact in decentralized finance.

For more details and how to participate in Memereum’s ongoing presale, users can visit Memereum’s website.

About Memereum (MEME)

The strong interest in Memereum (MEME) can be attributed to its innovative approach in the blockchain sector and its growing community support. Memereum is the first blockchain insurance with an integrated DEX for supported token trading. Learn more about Memereum by clicking here.

Contact

Bessie Cooper
Memereum
support@memereum.net

This article was paid for*

One of the hottest crypto presales of 2024 is coming to an end this coming Tuesday.

The new Solana meme coin – Sealana ($SEAL) – has raised over $5 million in a few short weeks and is scheduled to end its presale on June 25th at 6 PM UTC. 

Unsurprisingly, the announcement has resulted in significant FOMO among buyers, making Sealana one of the top trending meme coins across social media platforms and YouTube. 

Indeed, YouTube trading experts are backing the token to yield impressive returns – potentially up to 100x – after its launch. A few analysts have even claimed that Sealana could be one of the best crypto to buy now. 

Experts Consider Sealana One of the Best Crypto to Buy Now

The upside potential of new Solana meme coins is well-established by now. 

Thanks to the blockchain’s low trading fees and high scalability, SOL meme tokens are in high demand, both among whales and retailers alike. The success stories of Dogwifhat, Bonk and Book of Meme have led investors to search for the next 100x meme coins on Solana. 

A few experts now believe that Sealana fits the bill. 

Sealana is ditching the tired and cliched narratives of dogs and cats. As such, there appears to be a saturation of those in the meme coin market. Instead, it is creating a fresh framework with its comical mascot – a chubby and patriotic seal.

The project website aptly describes the mascot –  “Meet Sealana, the chubby seal who’s taken a deep dive into the Solana Sea. Whaled at his PC and growing by the day, Sealana is so absorbed in the degen market that he’s abandoned the gorgeous figure of his youth for a trader’s diet of chips and tinned tuna. His obsession with finding the next big Solana meme coin keeps his flippers busy and his living room a big fat mess.”

This light-hearted satire on a stereotypical crypto degen has caught the fancy of meme coin enthusiasts. 

However, Sealana’s theatrics do not stop there. In a recent X post, the mascot was seen breaking into Area 51, only to be captured by aliens. 

Curiosity got the best of #Sealana Using his Navy $SEAL training, he sneaked into #Area51 and got captured by some Aliens! Seems like they’re also into Lambos, Massive Gains just maybe not the Freedom bit!

Send $SOL to rescue Sealana before the #Presale ends! pic.twitter.com/p5JdkjmmRv

— Sealana (@Sealana_Token) June 20, 2024

He is also not shy of heckling and getting into a bar fight with Connor McGregor or smoking “green herbal joints” on Joe Rogan’s podcast.

Seems like @thenotoriousMMA didn’t like #Sealana asking why he was drinking whiskey at the #Roadhouse rather than fighting in the octagon… If only he knew before raising his fists that Sealana was a 300lbs ex army $SEAL…

It's not going to be a fair fight but no one will… pic.twitter.com/L1TqztPiAX

— Sealana (@Sealana_Token) June 10, 2024

Crypto whales know better than to dismiss a meme coin that can make them laugh and Sealana’s eccentric behaviour has certainly caught their attention. 

Sealana’s Political Inclinations Could Pay Dividends

With the US Presidential elections scheduled in November 2024, political-themed meme coins are on the rise. Tokens such as MAGA and Jeo Boden have seen tremendous growth over the past few months. 

In particular, meme coins favouring the Republican candidate and former US President Donald Trump are in high demand, owing to his pro-crypto stance. 

In a recent X post, the mascot was seen having a Donald Trump poster on his wallet, along with another poster that read “Redneck Lives Matter”.

#Sealana has got some big news for y'all today! After a long night of drinking, doin' American $SEAL things and blacking out! He woke up with some real mental clarity and made the call that the #Presale's gonna end on June 25th at 6 pm UTC!

You know what that… pic.twitter.com/va7W8abVjb

— Sealana (@Sealana_Token) June 6, 2024

On another occasion, Sealana was seen defending the southern US border and contributing towards building the wall. 

As a result, Sealana’s comical political commentary could contribute to its post-launch growth, establishing it as one of the best crypto to buy. 

How To Buy SEAL In The Presale?

As previously mentioned, the Sealana presale is coming to an end on June 25th, with the IEO expected to take place just a few days later. 

Interested buyers looking to buy the meme coin early have two choices. They could send $SOL tokens to the Sealana wallet, with the wallet address being 3LeVizuW3YoCnjfMfuQ22rSFQLDLdo9jXLKjyqfBU3w5. 

Alternatively, they could visit the Sealana website and use the over-the-counter widget. They can swap SOL, ETH, USDT or USDC or use an acceptable bank card to buy the meme coin. 

The $SEAL tokens will be deposited to investors’ wallets after the completion of the presale and IEO. 

Buyers are advised to follow the Sealana X and Telegram accounts to keep up with the latest updates. 

Visit Sealana Presale

*Cryptonomist did not write the article or test the platform.

Miami, FL, June 21st, 2024, Chainwire

Beyond market trends, FLOKI has emerged as a significant entity in the meme coin sector. Its success is driven by practical applications, a robust presence, and a dedicated community.

A key factor behind FLOKI’s prominence is its strong community support. Notable mentions include a tweet from Elon Musk’s parody account with 207k followers, stating, “FLOKI objectively offers much better utility than other memecoins on the market.” Crypto analyst Crypto_Scofield also praised FLOKI’s rapid development, noting its leadership among major meme coins like $PEPE, $WIF, and $BONK.

Social Media and Community Engagement

Data from LunarCrush, a social media analytics tool shows that, in the last six months, FLOKI’s social interactions skyrocketed by 320%, and its social dominance was up 109%. Social Dominance measures the “share of voice” across social media, as per LunarCrush.

FLOKI has been actively pursuing new developments to strengthen its ecosystem. The team introduced a trading bot and achieved major listings, like Kraken adding FLOKI to its exchange listing roadmap, just in the last 24 hours.

FLOKI introduced a Telegram based trading bot tool that enables holders to trade any token on the BNB Chain network. Public availability is expected in mid-June. The service will later be expanded to the Ethereum and Base blockchains. The bot, requiring FLOKI tokens for use, aims to increase token demand through a fee structure that supports buying pressure. The bot charges a 1% fee on every transaction, with 50% of the collected fees used to buy FLOKI on the open market, thus contributing to buying pressure.

Some other examples of utility include FLOKI launching a decentralized domain name service on the BNB Chain mainnet. This service allows users to create .FLOKI domain names, representing their on-chain identities.

FLOKI roadmap shows that it is in talks to offer digital banking accounts in partnership with a licensed fintech firm. Users can link these accounts to FLOKI debit cards for smooth transactions in euros, US dollars, and more.

Another major project in progress is the launch of Valhalla, FLOKI’s play-to-earn NFT gaming metaverse.

Furthermore, FLOKIFi Locker Protocol has also been integrated into DEXTools. Collaborations with Inverse Finance and Venus Protocol allow users to stake their FLOKI tokens and use them as collateral for borrowing major cryptocurrencies like BTC and ETH.

The partnership goes beyond the ecosystem, i.e IRL events too.

Looking ahead, FLOKI’s marketing efforts are likely to be even more impactful than in the past. As explained in a tweet by Sabre, Advisor, Creative Marketing Director, FLOKI, the past marketing partnerships are likely to be eclipsed by what’s to come.

https://x.com/SabreEthereum/status/1798750647937900695

Sports Partnerships

To name a few, FLOKI became the sleeve sponsor for Kerala Blasters FC, a popular soccer team in India. Along with being the shirt sponsor of The India Maharajas. This partnership introduces the FLOKI brand to over 700 million cricket fans globally.

FLOKI and its sister token, TokenFi, also formed a strategic marketing partnership with two legendary cricket teams, the Manipal Tigers and the Bhilwara Kings.

The team also partnered with Spanish soccer team Cádiz CF, part of the La Liga division. The FLOKI logo features prominently on the jerseys and LED displays of SSC Napoli and at events hosted by World Table Tennis (WTT), reaching over half a billion Tennis fans.

Last but not the least, FLOKI appeared on the Alfa Romeo F1 Team ORLEN cars in 2022 throughout the season.

Marketing and Strategic Partnerships

FLOKI has launched several aggressive marketing campaigns to boost adoption and awareness worldwide. The platform anticipates that upcoming initiatives will surpass the impact of previous efforts.

In Nigeria, the team announced a three-month campaign targeting the country’s high percentage of crypto users, including advertising on major news platforms and business publications and collaborating with 16 digital influencers to reach over 93 million people.

In Vietnam, FLOKI initiated a comprehensive campaign aimed at the crypto user base with extensive advertising and local events to engage the community and build brand loyalty. Vietnam, which ranks 15th in global population, also has one of the highest crypto adoption rates.

FLOKI has also made strides in Turkey, featuring prominently on television with commercials on popular channels to leverage Turkey’s large and active crypto community. In the Middle East and North Africa (MENA) region, FLOKI’s marketing initiatives include high-profile campaigns in countries like the UAE, where crypto adoption is rapidly growing.

In the United States, FLOKI executed high-visibility billboard campaigns, notably in New York City’s Times Square prime location beside the Nasdaq billboard in Times Square, capturing the attention of hundreds of thousands of passersby.

FLOKI’s educational initiatives include regular AMA sessions. These sessions provide transparency and allow direct engagement with the community.

With TokenFi joining its ecosystem, FLOKI plans to tap into the growing tokenization industry, projected to be worth $16 trillion by 2030, according to BlackRock CEO Larry Fink.

Summarizing FLOKI’s strategy, Sabre explains it well: “attract retail investors, run impactful marketing campaigns, and leave a lasting impression.”

Financial and Ecosystem Milestones

Meanwhile, the FlokiFi platform has a total value locked (TVL) of $110.56 million secured through 2,372 locks. It supports 16 different blockchains and has locked 86 NFTs. Moreover, over 2.3 trillion FLOKI tokens, valued at $436.61 million, have been secured in the FLOKI staking program.

In a show of strong support, DWF Labs said it will purchase $12 million in FLOKI tokens. This purchase will be a mix of market acquisitions and tokens from the Floki treasury.

As of 2024, FLOKI has been one of the top performers, rising more than sixfold year-to-date. About 86% of FLOKI holders are in profit, according to data from IntoTheBlock.

About Floki

Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and most used cryptocurrency and intends to achieve this ambitious goal through a focus on utility, philanthropy, community, and marketing.

Floki currently has 490,000+ holders and a strong brand recognized by billions of people worldwide due to its strategic marketing partnerships.

Website: https://floki.com

Twitter: https://twitter.com/RealFlokiInu

Contact

Community Relations Officer
Pedro Vidal
Floki
Marketing@Floki.com