Binance announces the launch of Solv Protocol on its Megadrop platform! How to Participate?
Binance announces the third project on the Megadrop platform - Solv Protocol (SOLV token) - with a reward of 588,000,000 SOLV. Binance launches the third project on the Megadrop platform named Solv Protocol (SOLV token). This is a BTC staking protocol aimed at building a financial ecosystem around Bitcoin. Details of Solv Megadrop: šToken name: Solv Protocol (SOLV) šMaximum total supply: 9,660,000,000 SOLV (can be increased through network governance for Bitcoin reserve offering) šGenesis token total supply: 8,400,000,000 SOLV (86.96% of maximum total supply) šMegadrop reward: 588,000,000 SOLV (7% of Genesis supply, accounting for 6.09% of maximum supply) šInitial supply at listing: 1,482,600,000 SOLV (17.65% of Genesis supply, accounting for 15.35% of maximum supply) What is Solv Protocol? Solv Protocol is a platform that supports generating interest to bring profits to investors from crypto assets. Solv has launched SolvBTC, SolvETH, and SolvUSD, providing yield opportunities for BTC, ETH, and stablecoins USDC and USDT, aiming to offer native yield for a variety of assets. Users can maximize capital utilization and earn interest in the Bull market by holding Solv Protocol products. Solv Protocol is a unified Bitcoin liquidity layer, connecting Bitcoin's trillion-dollar economy with DeFi by consolidating dispersed liquidity through SolvBTC. SolvBTC offers Bitcoin holders access to LST, supporting yield earning on Bitcoin across any chain. By staking with Solv, Bitcoin remains liquid, allowing users to leverage a range of DeFi applications. Solv Finance introduces various yield and asset opportunities in the crypto sector, aiming to become crucial infrastructure linking liquidity across DeFi, CeFi, and TradFi. The project's founding team includes Meng Yan, former Vice President of CSDN, and Will Wang, who led the design and development of the world's largest bank accounting system based on open and distributed technology, along with experienced co-founders and team members. Solv raised a total of $14 million in funding from notable investment funds such as Binance Labs, Blockchain Capital, Jump Capital, etc. Solv Protocol has undergone comprehensive security audits by Quantstamp, Certik, SlowMist, Salus, and Secbit, ensuring the highest safety standards. As of July, Solv Finance has over $1.31 billion in TVL from more than 303,000 users. What is SolvBTC? SolvBTC is the flagship product of the ecosystem, helping users seamlessly engage in the growing "BTCFi" space. SolvBTC is now available on Ethereum, BNB Chain, Arbitrum, and Merlin Chain. SolvBTC acts as a key to DeFi supported by Bitcoin across all chains. SolvBTC is guaranteed 1:1 by Bitcoin or Wrapped Bitcoin. SolvBTC and its derivatives provide yield that can be integrated with various DeFi protocols, offering flexibility and maximum access to the thriving BTCFi ecosystem. Key integrations include: DEXs: Providing instant liquidity and access to high-quality yields for SolvBTC holders. Lending protocols: Allowing SolvBTC holders to lend their tokens, earning profit based on leveraged interest positions. Yield trading protocols: Enabling users to trade future yields of SolvBTC derivatives, manage yield volatility, and optimize profits.
Features of Solv Protocol ERC-3525 In September 2022, the Ethereum Foundation approved ERC-3525 Semi-Fungible Token (SFT) as the 35th ERC standard. ERC-3525 combines the quantity characteristics of ERC-20 (ability to issue any quantity) and the uniqueness of ERC-721 (uniqueness of NFTs). The Solv technical team, creators of ERC-3525, has open-sourced this protocol, and many development groups are building products in various fields such as RWA, DeFi, and social applications based on ERC-3525. The basic stUSD Vault is in private testing, supported by $900,000 of trial capital provided by the Solv team to verify effectiveness and reliability. All users can track the performance and returns of this trial fund in real-time via the Solv interface. stUSD reached an ATH APY of 44.5%. Risk management tools Non-custodial solution With Solv Protocol, all user assets and liquidity pool LP tokens are stored in smart contracts, ensuring assets are not affected by third parties. Multi-party controlled Vaults Solv Protocol applies decentralized MPC to manage capital, with transactions jointly controlled by multiple parties. Custodians, managers, and liquidators all control transaction rights under integrated protection rules in the contract code. Even with consensus, no one can transfer assets out of the system. This design minimizes counterparty risk, increases transaction flexibility, and restricts unauthorized withdrawals. NAV management base on oracles Solv uses an oracle-based NAV management system to ensure the face value of fund shares matches the value of underlying assets. This protects investment decisions, redemptions, and payments. Additionally, this mechanism ensures tokens issued by the platform accurately reflect value, allowing seamless integration of Solv fund tokens into the DeFi ecosystem. Efficient settlement In volatile market conditions, Solv Protocol can use the oracle-based NAV management system to timely capture changes in the net value of funds and execute settlements, ensuring the platform can respond quickly to fluctuations in fund value. Enhanced security system Custodians Solv Protocol prioritizes user asset security and control through technical architecture and strategic partnerships with leading crypto custodians and auditors. Utilizing advanced security measures, comprehensive audits, and top crypto custodians like Copper, Ceffu, Cobo, and Fireblocks, Solv Protocol ensures safe and transparent collateral asset management. Custodians provide "Off-Exchange Settlement" solutions, allowing Solv to authorize and deauthorize assets to and from centralized exchanges without physically transferring assets. This minimizes risks related to exchange failures, ensuring actual asset ownership belongs to Solv. Solv Guard Solv Guard is an intermediary layer between underlying assets and user assets, adding an extra security mechanism on top of smart contracts. Solv Guard can be customized for individual asset group trading strategies, allowing control and customization of asset manager authorities. The main role of Solv Guard is to limit the multi-signature function of the "Safe" smart contract wallet within a specific scope. Solv Guard configures a Guardian Vault for each Vault, specifying target addresses and their permissions. To ensure security and upgradability, Solv Guard has a separate governance mechanism from its operational mechanism. Solv Vault Guardian is responsible for execution, while the Governor controls governance, potentially managed by the community and asset managers. This includes a Time Lock feature to ensure transparency and user choice. The Governor has broad powers, including upgrading the Guardian, adding or removing authorizations, managing native token transactions and whitelisted addresses, transferring Governor powers, or permanently disabling governance rights. Even if there are issues with the Guardian, the Governor can take timely remedial measures to maximize user asset protection. Reward system Solv has launched a reward system to encourage user participation in its ecosystem. In the first phase, users can earn basic experience points (XP) by depositing into Solv Vault, with XP earned increasing based on the amount and time staked. Additionally, users can invite friends to receive a commission equivalent to 10% of the invited user's basic XP. Users can also receive additional XP bonuses by reaching certain investment thresholds or participating in community activities. Accumulated XP can be used to receive SOLV token airdrops and participate in BTC-Fi ecosystem airdrop activities. However, SolvBTC purchased on the secondary market does not count for XP. What is Binance Megadrop? Binance Megadrop is a platform for launching new tokens, integrating Binance Simple Earn and Binance Web3 Wallet, which increases the opportunity to access new Web3 projects before they are listed. It combines interaction, learning, and rewards, providing a unique experience in the Binance ecosystem and cryptocurrency space. How to participate in Binance Megadrop šLog in to your Binance account.
šSign up for the BNB Locked product or complete Web3 tasks to accumulate points.
šComplete Web3 tasks on the Binance app to receive a point multiplier.
šReceive Megadrop rewards based on total points. Megadrop reward distribution mechanism Rewards are calculated based on the user's accumulated points ratio to the total accumulated points of all users. šLocked BNB points: Calculated based on the number of BNB locked and the locking duration. šWeb3 task bonus and boost: Calculated when completing designated tasks. šPoints calculation formula: Total Points = (Locked BNB Points * Web3 Multiplier) + Web3 Task Bonus. Note: Megadrop is only available for eligible regions. Rewards will be airdropped to users' Spot Binance wallets. #SolvProtocolMegadrop
BlackCardCoin Unveils Major Updates and Strategic Moves
#BlackCardCoin
In a recent series of announcements, BlackCardCoin (BCCoin) has unveiled several significant updates aimed at enhancing its market position and user trust. The network has demonstrated a commitment to transparency and stability with a series of strategic moves:
1. $423,000 Lockup: In a substantial show of confidence, BlackCardCoin has locked up $423,000 worth of BCCoin. This action underscores the network's dedication to trust and transparency, as officially communicated on their Twitter account.
#bccoin
2. Partnership with TILTED & ONTOLOGY: BlackCardCoin has entered into a new collaboration with TILTED. This partnership is expected to bring innovative developments and increased visibility for BCCoin.
ONTlogy shared the following Tweet: Ontonauts, let's welcome BlackCardCoin to our growing Ontology Ecosystem! Discover their unique payment systemāfast, secure, and easy to use.
3. Token Burn: In a bid to reduce the total supply and enhance token value, BlackCardCoin has burned 75 million tokens. This significant reduction is set to positively impact the token's market dynamics.
4. Token Lock: An additional 60 million tokens have been locked for 12 months, aimed at ensuring increased stability and fostering greater trust within the community.
5. Major Exchange Listings: BlackCardCoin is on the brink of announcing listings on two major Tier 1 exchanges, a move that will likely broaden its market presence and trading opportunities.
6. Buy-Back Initiative: The network has initiated a $6 million buy-back program. This substantial investment is intended to bolster the value of BCCoin and reinforce market confidence.
7. Liquidity Boost: BlackCardCoin is injecting $600,000 into PancakeSwap to enhance trading efficiency and liquidity, further supporting its ecosystem.
8. Partnership with Mobilum Pay: The integration with Mobilum Pay will offer expanded payment solutions through the BCCard, increasing the utility and convenience of the token.
TON - 56th Project on Binance Launchpool. Binance Super Earn Review! LFG š„
The leading cryptocurrency exchange, Binance, has announced Toncoin as the next project featured on their Binance Launchpool staking platform. The exchange has also introduced a new feature called Binance Super Earn, which allows stakers to earn a special APR for a limited time. Until September 3, you can earn Toncoin (TON) tokens on Binance simply by staking your TON, BNB, or the FDUSD stablecoin. You can withdraw the coins youāve staked at any time and keep the TON token rewards. You can earn TON on Binance Launchpool between August 15 and September 3. The amount of token rewards you earn will depend on how many coins you stake. What is The Open Network (TON)? The Open Network (TON) is a blockchain-based platform originally developed by the team behind Telegram, a popular messaging app. TON was designed to enable fast, secure, and scalable transactions, with the ultimate goal of supporting a wide range of decentralized applications (dApps) and services. The project managed to reach many of its early goals. TON integration within the Telegram messenger is ever more prevalent and allows developers to build Web3 mini apps that are supported by blockchain. In addition, Telegram messenger comes with a TON wallet that allows users to send money from one another and participate in various DeFi use cases, like staking TON and USDT, and more. Itās worth noting that the project was originally envisioned as the Telegram Open Network, intended to provide a blockchain infrastructure that could support Telegram's vast user base with a native cryptocurrency called "Gram." Telegram's involvement with TON faced significant regulatory challenges, particularly from the U.S. Securities and Exchange Commission (SEC), which argued that the sale of Gram tokens constituted an unregistered securities offering. Due to these issues, Telegram officially stepped back from the project in 2020, and the community-led TON Foundation has taken over the development since then. Of course when it comes to price prediction with this Market is pretty hard to do any but in my personal opinion TON is a great long-term hold and the price will go consistently up next few months! How to earn TON tokens on Binance Launchpool If you want to earn Toncoin farming rewards, youāll need a Binance account. Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Toncoin farming on Binance Launchpool. Once your account is ready, youāll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.
After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select "More." Then, go to "Launchpool." Then, find the available Toncoin farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange. As an important note, hereās a quick breakdown of key dates and information about the Toncoin Launchpool campaign:
TON to benefit from a higher APR introduced by Binance Super Earn Binance announced that TON would be listed on Binance Super Earn, a new platform that allows users to earn higher-than-average rewards (referred to as Special APR) by staking newly listed tokens through Simple Earn Locked Products. This opportunity is typically available right after the tokens are listed on Binance and is fully sponsored by the respective token projects. š„Key features of Binance Super Earn š„ šThe Annual Percentage Rate (APR) offered through Super Earn is generally higher than the typical rates on other Simple Earn Locked Products. This is because the rewards are funded by the token projects themselves as a promotional incentive to encourage users to hold and stake their newly listed tokens. šSuper Earn is available for a short period after the token's listing and may include tokens distributed through airdrops, Launchpool, or other Binance events. šUsers can subscribe to Super Earn products by selecting the desired token and duration on the Binance platform. If they choose to redeem their positions early, they can do so, but they will forfeit any accrued rewards. šSuper Earn products are marked with a "Special Offer" tag on the Binance Simple Earn page, making them easy to identify. Super Earn presents a valuable opportunity for users, particularly BNB holders, to maximize their returns. Building on existing earning options like Megadrop, HODLer Airdrop, and Launchpool, Super Earn provides another avenue for users to increase their earnings by subscribing their BNB to Earn and participating in airdrops, then using the received tokens in Super Earn to secure additional APR. #BinanceLaunchpoolTON #Tonlaunchpool #BinanceSuperEarn
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I've prepared red packs for all the people who will vote. LFG š„š„
Carv Protocol Insights and all you need to know including the Binance & CARV Airdrop
CARV Protocol is a decentralized finance (DeFi) project that aims to provide a secure and trustless platform for users to trade and swap digital assets. It operates on the Ethereum blockchain and utilizes smart contracts to automate transactions without the need for intermediaries. Features Decentralized Exchange (DEX): CARV Protocol offers a DEX where users can trade various cryptocurrencies and tokens securely. Liquidity Pools: Users can provide liquidity to the platform by depositing their assets into liquidity pools and earn rewards in return. Yield Farming: CARV Protocol allows users to stake their tokens and earn additional rewards through yield farming. Governance: Token holders can participate in the governance of the protocol by voting on proposals and changes to the platform. User Experience The platform is designed to be user-friendly, with a simple interface that allows for easy navigation and trading. Users can access the platform from their web browser or through compatible wallets.
Benefits of CARV Protocol Decentralization: CARV Protocol operates on a decentralized platform, providing users with autonomy over their assets without the need for intermediaries. Security: The protocol prioritizes security measures to safeguard users' funds and data against potential threats. Liquidity: By supporting a range of assets, CARV Protocol enhances liquidity, making it easier for users to trade and swap tokens. User Experience: The platform is designed with user experience in mind, offering a seamless interface for efficient navigation and interaction. Community Governance: CARV Protocol allows its community to participate in governance decisions, fostering a sense of ownership and involvement among users. Staking Rewards: Users have the opportunity to stake their assets on the platform and earn rewards, providing an additional incentive for engagement. Innovative Features: The protocol continues to introduce new features and functionalities to improve the overall user experience and expand its offerings. Future Integrations for CARV Protocol Compound: Integrating with Compound will enable users to earn interest on their deposited assets and borrow additional funds based on their collateral within the CARV Protocol platform. MakerDAO: Partnership with MakerDAO will provide users with access to decentralized stablecoins and the ability to generate DAI through collateralized debt positions, enhancing the stablecoin offerings on the CARV Protocol platform. Curve Finance: Integration with Curve Finance will enhance the efficiency of stablecoin trading and provide users with low-slippage swaps for assets pegged to the same value within the CARV Protocol platform. SushiSwap: Collaborating with SushiSwap will offer users access to a decentralized exchange platform with enhanced features like yield farming and staking opportunities on the CARV Protocol platform. Synthetix: Further deepening the partnership with Synthetix can bring more synthetic assets and trading options to users, expanding the range of financial products available on the CARV Protocol platform. Yearn Finance: Continued collaboration with Yearn Finance can introduce more yield farming strategies and optimization tools for users to maximize their returns on assets within the CARV Protocol platform. Unlock Exclusive Rewards with Binance and CARV In an exciting collaboration, Binance and CARV have launched an exclusive airdrop campaign, offering participants the chance to earn $CARV tokens and USDC. This limited-time event features a substantial prize pool of 1 million $CARV and 30,000 USDC, creating a significant opportunity for crypto enthusiasts and gamers alike. By participating in the campaign, users can engage in a series of tasks designed to maximize their rewards. How to Participate To join the Binance x CARV Airdrop, users need a Binance Web3 Wallet address. This versatile wallet, integrated within the Binance app, empowers users to manage their crypto assets securely and interact with decentralized finance (DeFi) applications. The participation process involves: Daily Check-in: Continuous daily check-ins reward users with points, with check-ins resetting every seven days. Bind Account: Connect your Binance Web3 Wallet to participate. Join Community: Engage with the CARV community to earn more points. Play & Earn: Participate in CARVās gaming ecosystem to accumulate points. Prize Pool Details The total prize pool for this campaign is 1 million $CARV and 30,000 USDC. $CARV rewards will be distributed based on the proportion of points each user accumulates compared to all participants. Importantly, if multiple wallet addresses are linked to the same Binance UID, only the account with the highest points will receive the reward, while other accounts will be considered Sybil and will forfeit their rewards. Following the anticipated launch of the CARV Airdrop Claim Page in August, participants can log in using their wallet addresses to view and claim their $CARV rewards. USDC rewards will be distributed via airdrop directly into the winnersā wallets on BNBChain upon the conclusion of the event. CARV reserves the right to the final explanation regarding the campaign. The Binance x CARV Airdrop campaign is a unique opportunity for participants to earn substantial rewards while engaging with innovative blockchain technology. By completing tasks and accumulating points, users can maximize their chances of earning $CARV tokens and USDC. Donāt miss out on this exciting event ā join the Binance x CARV Airdrop today and be a part of the future of decentralized finance and gaming. @CARV #CARVingTheFutureOfData #binanceweb3airdrop
Lista Megadrop on Binance - few more days to participate. Don't miss the juicy Rewards
Binance announce the 2nd project on Binance Megadrop - Lista (LISTA), a liquid staking and decentralized stablecoin protocol. Users can start participating in the Lista Megadrop from 2024-05-30 00:00:00 (UTC). Binance will then list Lista (LISTA) at 2024-06-20 10:00 (UTC) and open trading with LISTA/BTC, LISTA/USDT, LISTA/BNB, LISTA/FDUSD, and LISTA/TRY trading pairs. The Seed Tag will be applied to LISTA. Read about Lista (LISTA) in our research report. Lista Megadrop period 2024-05-30 00:00:00 (UTC) to 2024-06-19 23:59:59 (UTC) BNB Locked Products Snapshot Period: To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-05-30 00:00:00 (UTC), as hourly snapshots of usersā subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ. Web3 Quest Period: Users may complete Web3 Quest(s) during the Quest Period. Web3 Quest 1: āStake 0.01 BNB in the ListaDAO DAppā (Tutorial) 2024-06-20 06:00:00 (UTC) Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Wallet. Lista Megadrop details šToken name: Lista (LISTA) šMax token supply: 1,000,000,000 LISTA šMegadrop token rewards: 100,000,000 LISTA (10% of max. token supply) šInitial circulating supply: 230,000,000 LISTA (23% of max. token supply) šHard Cap per user: 800,000 LISTA Rewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount * 130) + (Average 90-day BNB Locked Amount * 120) + (Average 60-day BNB Locked Amount * 110) + (Average 30-day BNB Locked Amount * 100) Web3 Quest Multiplier: 1.5 Web3 Quest Bonus: 1,000 Guide to joining Lista Megadrop To participate in Megadrop, users need to lock BNB tokens in Binance Simple Earn and/or complete Web3 Quests on Binance Web3 Wallet. Binance notes that registration for BNB Locked Products is not mandatory. Users can participate in Megadrop without registering for any BNB Locked Products. However, when participating in BNB Locked Products, users can optimize their rewards. When registering for BNB Locked Products, users receive different points based on the registration time. The longer the duration, the higher the BNB points. Participants should choose a 120-day period to receive an APR of up to 1.69%. Additionally, users can receive both Megadrop rewards and launchpool simultaneously (if available). Locking BNB Locked Products šAccess the Binance app on your phone, select More, then choose Megadrop.
šReview the list of Web3 projects launched and select Lista. šAfter accessing the detailed information page, carefully read the project's requirements and rules. šScroll down to the Lock BNB section. šRegister for locking BNB according to the suitable term.
Completing Web3 Quests Users need to: Have a Binance Web3 Wallet account. Note that only backup wallets created within the new Binance Web3 wallet are eligible to participate in Megadrop; external wallets (such as Metamask) are not counted. Prepare BNB to cover gas fees within the Binance Web3 Wallet. The steps are as follows: šLog in to the Binance app and go to "Exchange." šSwitch to the "Web3" tab.
šOn the wallet's main screen, select "Transfer." šChoose BNB and the "BNB Chain (BEP20)" network. šSelect the amount of BNB to transfer and click "Transfer."
Note: To be eligible for campaign participation, a minimum of 0.01 BNB is required for staking liquidity into slisBNB. Once the wallet receives the funds, users need to convert BNB to slisBNB on the Lista DAO. šGo to the "Discover" section and search for "Lista DAO."
šConnect the Binance Web3 wallet and click "Stake." šEnter the quantity of 0.01 BNB.
šConfirm the transaction and wait for the successful staking notification. šAfter receiving the completion notification, switch to your web3 wallet šSelect Lista DAO in the Megadrop section. šScroll down to the Web3 Quest section and click "Start Now." šWait for the system to connect, then click "Verify" to confirm completion What is Lista DAO? Lista DAO is a DeFi platform providing staking, liquidity staking, safe stablecoin lending solutions, simple, and license-free. The goal of Lista DAO is to become the most widely used protocol by leveraging Proof-of-Stake (PoS) rewards and profit-generating assets. Lista DAO operates as an open-source liquidity protocol, earning profits from collateralized crypto assets (BNB, ETH, stablecoins, etc.). The project utilizes and expands the MakerDAO model proven for lisUSD - referred to as decentralized, unbiased destablecoin, supported by collateral assets. LISTA is a utility and governance token widely used on Lista DAO. It is a means of safe exchange and payment among participants on Lista DAO in a decentralized, third-party-independent manner. Users can receive LISTA by participating and interacting with the protocol such as depositing funds, staking, trading, and/or governance participation. The project notes that LISTA does not represent any equity, ownership, participation, ownership rights, or interests in Lista DAO. The platform does not offer any promises regarding fees, dividends, revenue, profits, or investment returns and is not intended to constitute securities in relevant jurisdictions. #ListaMegadrop #Megadrop
Xai Foundation Announces Highly-Anticipated Xai Vanguard: Genesis Activation
The Xai Foundation, a core contributor to the gaming-centric blockchain network, Xai, announced the upcoming launch of the highly-anticipated premiere gaming activation, Xai Vanguard: Genesis. It will run till November, the Vanguard campaign will feature a full suite of new game releases, quests, achievements, and rewards for the Xai community. Xai Vanguard: Genesis is the next major milestone on the Xai roadmap and succeeds the Xai Odyssey campaign which saw record-breaking results in the blockchain space including 500K+ connected wallets, 5M daily transactions and a total of $175 million in player rewards distributed. While Xai Odyssey was conducted entirely on the Xai testnet, the launch of Xai Vanguard marks the first campaign on the Xai mainnet. This ecosystem-wide event will feature dozens of participating partners and bring forth a full roadmap of games, including Crypto Unicorns, Final Form, Lost Glitches and more that are set to be announced throughout the campaign. The campaign rewards players for achievements in games as they battle for the top spot on the Xai Vanguard: Genesis leaderboard. Additionally, the first month of the campaign will also feature quests from other blockchain technology partners that open new avenues for players to score points. In line with its commitment to full ecosystem expansion, the Xai Vanguard: Genesis campaign introduces rewards for the developer community as well. Developers and studios will be able to participate in a series of builder quests to score points on the Xai Vanguard: Genesis leaderboard and earn their own series of rewards. Many of these quests feature the recently announced Xai Builder powered by Sequence to seamlessly onboard new applications to the Xai blockchain. In my opinion The launch of Xai Vanguard: Genesis marks a significant milestone for the Xai ecosystem! By bringing together a diverse range of game partners and leveraging our robust infrastructure, we create an unparalleled gaming experience that will drive innovation and engagement in the blockchain gaming space. We are excited to see the creativity and passion of our community unfold. Leveraging its Sentry Node Network of 6000+ whales and Vanguard Network of 600,000 gamers, Xai drives massive and immediate distribution to deployed web3 games. Gamers and developers are given a simple and seamless onboarding experience, offering support by Xai Foundation, Offchain Labs, Ex Populus, Thirdweb, Sequence and other key Xai contributors. About Xai Foundation The primary objective of the Xai Foundation is to foster the growth of developers and games within the Xai AI blockchain ecosystem. This encompasses attracting third-party developers, implementing effective marketing strategies, and offering financing opportunities to web3 game developers. As the custodian of the blockchain and its associated token, the Xai Foundation plays a pivotal role in supporting the integrity of the platform. About Xai Games Xai was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology. $XAI #XaiVanguardGenesis
Lista Megadrop on Binance - few more days to participate. Don't miss the juicy Rewards
Binance announce the 2nd project on Binance Megadrop - Lista (LISTA), a liquid staking and decentralized stablecoin protocol. Users can start participating in the Lista Megadrop from 2024-05-30 00:00:00 (UTC). Binance will then list Lista (LISTA) at 2024-06-20 10:00 (UTC) and open trading with LISTA/BTC, LISTA/USDT, LISTA/BNB, LISTA/FDUSD, and LISTA/TRY trading pairs. The Seed Tag will be applied to LISTA. Read about Lista (LISTA) in our research report. Lista Megadrop period 2024-05-30 00:00:00 (UTC) to 2024-06-19 23:59:59 (UTC) BNB Locked Products Snapshot Period: To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-05-30 00:00:00 (UTC), as hourly snapshots of usersā subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ. Web3 Quest Period: Users may complete Web3 Quest(s) during the Quest Period. Web3 Quest 1: āStake 0.01 BNB in the ListaDAO DAppā (Tutorial) 2024-06-20 06:00:00 (UTC) Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Wallet. Lista Megadrop details šToken name: Lista (LISTA) šMax token supply: 1,000,000,000 LISTA šMegadrop token rewards: 100,000,000 LISTA (10% of max. token supply) šInitial circulating supply: 230,000,000 LISTA (23% of max. token supply) šHard Cap per user: 800,000 LISTA Rewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount * 130) + (Average 90-day BNB Locked Amount * 120) + (Average 60-day BNB Locked Amount * 110) + (Average 30-day BNB Locked Amount * 100) Web3 Quest Multiplier: 1.5 Web3 Quest Bonus: 1,000 Guide to joining Lista Megadrop To participate in Megadrop, users need to lock BNB tokens in Binance Simple Earn and/or complete Web3 Quests on Binance Web3 Wallet. Binance notes that registration for BNB Locked Products is not mandatory. Users can participate in Megadrop without registering for any BNB Locked Products. However, when participating in BNB Locked Products, users can optimize their rewards. When registering for BNB Locked Products, users receive different points based on the registration time. The longer the duration, the higher the BNB points. Participants should choose a 120-day period to receive an APR of up to 1.69%. Additionally, users can receive both Megadrop rewards and launchpool simultaneously (if available). Locking BNB Locked Products šAccess the Binance app on your phone, select More, then choose Megadrop.
šReview the list of Web3 projects launched and select Lista. šAfter accessing the detailed information page, carefully read the project's requirements and rules. šScroll down to the Lock BNB section. šRegister for locking BNB according to the suitable term.
Completing Web3 Quests Users need to: Have a Binance Web3 Wallet account. Note that only backup wallets created within the new Binance Web3 wallet are eligible to participate in Megadrop; external wallets (such as Metamask) are not counted. Prepare BNB to cover gas fees within the Binance Web3 Wallet. The steps are as follows: šLog in to the Binance app and go to "Exchange." šSwitch to the "Web3" tab.
šOn the wallet's main screen, select "Transfer." šChoose BNB and the "BNB Chain (BEP20)" network. šSelect the amount of BNB to transfer and click "Transfer."
Note: To be eligible for campaign participation, a minimum of 0.01 BNB is required for staking liquidity into slisBNB. Once the wallet receives the funds, users need to convert BNB to slisBNB on the Lista DAO. šGo to the "Discover" section and search for "Lista DAO."
šConnect the Binance Web3 wallet and click "Stake." šEnter the quantity of 0.01 BNB.
šConfirm the transaction and wait for the successful staking notification. šAfter receiving the completion notification, switch to your web3 wallet šSelect Lista DAO in the Megadrop section. šScroll down to the Web3 Quest section and click "Start Now." šWait for the system to connect, then click "Verify" to confirm completion What is Lista DAO? Lista DAO is a DeFi platform providing staking, liquidity staking, safe stablecoin lending solutions, simple, and license-free. The goal of Lista DAO is to become the most widely used protocol by leveraging Proof-of-Stake (PoS) rewards and profit-generating assets. Lista DAO operates as an open-source liquidity protocol, earning profits from collateralized crypto assets (BNB, ETH, stablecoins, etc.). The project utilizes and expands the MakerDAO model proven for lisUSD - referred to as decentralized, unbiased destablecoin, supported by collateral assets. LISTA is a utility and governance token widely used on Lista DAO. It is a means of safe exchange and payment among participants on Lista DAO in a decentralized, third-party-independent manner. Users can receive LISTA by participating and interacting with the protocol such as depositing funds, staking, trading, and/or governance participation. The project notes that LISTA does not represent any equity, ownership, participation, ownership rights, or interests in Lista DAO. The platform does not offer any promises regarding fees, dividends, revenue, profits, or investment returns and is not intended to constitute securities in relevant jurisdictions. #ListaMegadrop #Megadrop
MANTA - All you need to know and why I am bullish on it!
In 2023, Manta Network experienced explosive growth, characterized by remarkable advancements, groundbreaking product launches, and an unwavering commitment to innovation in the realm of zero-knowledge (ZK) technology. Serving as a revolutionary modular ecosystem tailored for ZK applications, Manta Network has achieved a significant milestone as the first EVM-equivalent ZK application platform. The ecosystem offers an unmatched experience for developing and adopting advanced web3 applications, thanks to its effective use of ZK cryptography. Weāll take a look at the Manta Network ecosystem today, exploring its journey to success and what lies ahead for the network in the future. With a Series A valuation of $500 million, Manta Network has raised over $60 million across pre-seed, seed, community, and Series A funding stages. Notable investors such as Polychain Capital, DeFiance Capital, and Qiming Venture Partners have contributed to its growth. The strategic backing from Binance Labs underscores the networkās significance in the industry. Founded in 2020 by Victor Ji and Kenny Li, the founding team, operating under p0x Labs, Manta Network received initial support from a Web3 Foundation grant, marking the beginning of its journey. Arising from a visionary initiative to surpass the constraints of current blockchain solutions, Manta Network introduces a multi-modular ecosystem consisting of two blockchain networks. These networks provide advanced ZK tooling, streamlining the deployment of ZK-applications ā Manta Pacific and Manta Atlantic.
Networks Manta Pacific Manta Pacific introduces an EVM-native Layer 2 solution with versatile ZK capabilities, enabling the exclusive creation of ZK applications through Solidity with Universal Circuits. Leveraging Celestia for DA and the OP Stack for Solidity-based ZK application development ensures not only efficient scalability but also a significant reduction in transaction fees. The shift from Ethereum for DA to Celestiaās specialized DA solution significantly reduces L2 network transaction fees, resulting in savings exceeding $1.5 million in gas fees. The upcoming developmental phase targets the establishment of a fully modular zkEVM rollup using the Polygon CDK, promising further amplification of Manta Pacificās capabilities. The transition into zkEVM utilizing Polygon CDK is set for early 2024. Manta Atlantic In contrast, Manta Atlantic emerges as the fastest and most decentralized ZK Layer 1 chain designed, strategically crafted to facilitate modular on-chain compliance identities through zkSBTs. Officially launched in January 2024, its primary focus lies in the ZK compliance credential layer, emphasizing practical application and seamless interoperability. This unique approach empowers projects to attain interoperable identities without necessitating direct cryptographic involvement. Manta Atlantic establishes a composable execution environment tailored for ZK applications and seamlessly integrates Manta Networkās ZK tooling infrastructure. Built upon the Substrate framework, it operates as a parachain within the Polkadot ecosystem, placing a significant emphasis on interoperable identity verification and the deployment of ZK applications. ZK Toolings Universal Circuits Manta Networkās Universal Circuits revolutionize the landscape of ZK application development by addressing inherent complexities. Traditionally, developers face daunting learning curves, requiring deep expertise in cryptographic techniques and the manual creation of intricate ZK circuits using languages such as Circom. To overcome these obstacles, Universal Circuits offer a comprehensive library of pre-built ZK circuits for seamless integration into applications, particularly those developed using Solidity for Ethereum. This approach simplifies the development process, empowering developers to incorporate ZK functionalities effortlessly, without the need for extensive cryptographic knowledge. Functioning as ZK-as-a-Service, Universal Circuits enable Solidity developers to interact with Manta Pacific contracts via APIs, facilitating the integration of ZK features with minimal adjustments to existing codebases. Noteworthy circuit designs within Universal Circuits encompass zkContracts like zkShuffle and Semaphore-based circuits, developed by the Privacy Scaling and Exploration (PSE) Labs at the Ethereum Foundation. Manta Networkās upcoming initiatives involve enhancing Manta Atlanticās capabilities, expanding the adoption of zkSBT and MantaPay for Rust developers, and rolling out the Manta Pacific Testnet to engage a wider community of developers and applications. The aim is to broaden the networkās impact and offer comprehensive solutions across both Web3 and Web2 domains. zkSBTs and Manta NPO zkSBTs, known as ZK-enabled SoulBound Tokens, are non-transferable NFTs anchored to individual user identities on the blockchain. Harnessing ZKPs for heightened user security, these tokens excel in on-chain gaming items, identity authentication, and asset verification. Moreover, developers can seamlessly integrate zkSBTs into ZK applications without requiring advanced cryptographic skills or expertise in ZKP. Key functionalities of zkSBTs: šOn-chain Data Verification: zkSBT acts as a streamlined solution for on-chain data verification, especially beneficial for mobile applications. Despite having user-friendly wallets like Particle and Unipass, validating data such as KYC details, credentials, and assets still poses challenges on mobile platforms šDecentralized Compliance: KYC, valued at around $1.6 trillion, is crucial for web platforms, necessitating the distinction between real users and bots. Tools like zkBAB and zkGalxe allow users to authenticate their legitimacy without disclosing personal data or linking to a wallet. Many applications leverage zkSBT for this verification purpose. šCredential Verification for On-chain Activities: Galxe and Cyberconnect process substantial on-chain activities but struggle with privacy concerns. zkSBT provides a solution, enabling private credential verification without the need for constant wallet connections. It also supports multi-chain verification. šGame/Social Items: zkSBTs can serve as in-game items or assets in social platforms. Notable examples include Ultiverse and ReadON zkSBTs, minted on the Manta chain and utilized across diverse applications. šAsset Verification: zkSBTs play a crucial role in asset verification applications. Tools like POMP enable users to create zkSBTs, offering a confidential on-chain statement to verify their asset holdings. This functionality proves valuable in both traditional and decentralized financial contexts. Manta Networkās Robust Ecosystem
Manta Networkās focus on cost efficiency and enhanced throughput for ZK applications, and has swiftly become a favored choice among decentralized applications (dApps). Since its launch in September 2023, Manta Pacificās L2 network has seamlessly integrated more than 150 dApps, with nearly 15 of them being native ZK applications. Manta Pacificās mainnet has facilitated the processing of more than 10 million transactions since its initial debut. Despite its recent entry into the L2 scene, the network has amassed an impressive Total Value Locked (TVL) of over $1.5 billion, securing a prominent position among L2s according to L2 Beat. The significant increase in TVL can be attributed to the success of the New Paradigm bridge launch in December 2023, which brought in over 200,000 new users. Barely two months after the launch, users had bridged over $750 million in assets to the L2 network. Manta Pacificās rollout strategy kicked off with MantaFest, a dynamic 5-week promotional campaign launched alongside its mainnet debut. This initiative aimed to invigorate network activity by introducing users to a diverse array of newly integrated dApps spanning Bridging, DeFi, SocialFi, and GameFi. Participants in MantaFest had the opportunity to accrue points, which could be exchanged for MANTA rewards during the Token Generation Event (TGE). Additionally, in October 2023, just one month following Manta Pacificās mainnet alpha launch, Manta Network unveiled the Uncharted Grants program, further fueling the ecosystemās growth and fostering innovation. Looking Forward To The Future Of Manta Network Following its mainnet debut, Manta Pacific has unveiled a comprehensive four-phase roadmap to guide its developmental trajectory following the mainnet debut. The team aims to collaboratively achieve each milestone in tandem with the broader Manta Network ecosystem and community. At present, Manta Pacific has successfully concluded the second phase, operating as an OP Stack rollup with Celestia for DA. The imminent full transition to a zkEVM validium using the Polygon CDK stands as a pivotal objective for 2024.
If Manta Network effectively executes its roadmap, it is primed to become a preferred choice for developers entering the dApp ecosystem. The ongoing evolution of Manta Network underscores a commitment to refining its offerings, expanding its influence, and bridging the web2 and web3 domains while upholding user privacy and data security. Pretty Bullish on $MANTA and everything coming š„š„ #MantaRWA
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