In fact, due to its innovative concept and utility of non-fungible tokens (NFTs), Fungiball is able to revolutionize the way users interact and engage with tennis while also giving them the ability to earn tangible rewards.

What is Fungiball?

Tennis is a sport that is loved by millions around the globe. However, there has never been a way through which users can win rewards by utilizing the skills of their favorite tennis players in a video game. 

This is where Fungiball comes along, as it brings a unique concept in which users interconnect with the performance of their favorite professional tennis players with the value of NFT cards. 

In simple words, each NFT card on Fungiball represents a particular skill of a professional tennis player. To make it more engaging and real for users, the value of these NFT cards evolves depending upon the real-life tennis players’ performance on the court. 

In the end, on Fungiball, players compete against other players while utilizing the strengths and weaknesses of their favorite tennis player. This helps to build a community of passionate tennis players by making the game more dynamic and engaging. 

The Freedom of Creating Avatars

For players to partake in Fungiball tournaments and unlock numerous rewards, they must first create their game avatar, also known as “FungiPlayers.” 

Players are able to create their own virtual tennis player avatars by collecting digital cards that represent the real-life skills of over 250 male and female professional tennis players. 

What’s groundbreaking about Fungiball is that it has acquired all legal rights to showcase the names, images, and likenesses of all 250 tennis players. This comes after Fungiball formed a collaboration with the Professional Tennis Players Association (PTPA) and Winner Alliance, which is the commercial affiliate. 

To keep things interesting, player cards are divided into four different categories: Power, Service, Return, and Mental. In addition, there are three rarity levels: Silver, Gold, and Platinum. Both of these categories and rarity levels represent unique levels of prowess and desirability in the game. 

Once the avatar is completed, players have the freedom to participate in tournaments which also allows them to unlock different rewards. 

Fungiball offers an impressive lineup of online tournaments, which are often on par with the schedule of international tennis tournaments, as this helps to ensure each NFT linked to its player is evolving with the latest score of the player. 

However, it is worth noting that by missing out on tournaments, players may lose the unique strength that their NFT card may have achieved due to the real-life performance of the tennis player it is linked to. 

Fungiball offers prestigious major events and different types of master tournaments. These tournaments are divided into Challenger, Future, and Junior competitions, giving players a unique opportunity to participate in different types of thrilling tennis encounters. 

Once every tournament concludes, Fungiball players receive different rankings on the platform based on their performance. Additionally, players also receive converted prizes, including a financial reward in Ethereum, NFT cards, and Fungiball exclusive rewards that include tennis equipment, tickets, and much more, as they are tailored per tournament.

Fungiball Marketplace and Trading

The Fungiball Marketplace is a safe avenue for players to buy, sell, and trade NFT cards. Players can also place bids on different NFT cards, and once the bid ends, the highest bidder will get ownership of the particular rare NFT card. 

The Fungiball marketplace is built on the Ethereum blockchain, which is one of the most secure and transparent mediums of exchange in the blockchain industry.

Since the launch of Fungiball Marketplace in December 2023, more than 4200 NFT cards have been sold for a total of €140,000. In addition, more than 2500 people have registered on the platform, showcasing the growing trust of users. 

Overall, the marketplace empowers players by either allowing them to earn income from their avatar or by further enhancing their FungiPlayer avatar. Players can also expand their NFT card collection by making different purchases, ultimately allowing them to sell for a potential profit when the prices seem fit. 

To make it easier for players to remain aware of what’s happening in the marketplace, the Fungiball Trading Dashboard gives access to all necessary information. This includes the NFT cards with the highest sale within a given timeframe, the total number of sales, the average floor price, and a leadership board showcasing the top bidders, market makers, collectors, and whales. 

Utilizing Polygon Blockchain

Apart from the Ethereum blockchain, Fungiball also leverages the Polygon blockchain. As the Polygon blockchain is considered seamless, scalable, and secure, this helps enhance the experience of participants in the auction and other activities on the platform. 

Overall, with the implementation of blockchain technology, Fungiball can guarantee complete transparency, immutability, and traceability of its platform. As a result, players have full ownership and control of their NFT cards. This also helps empower users as they can gain monetary gain from something they are passionate about. 

Conclusion

In conclusion, with the ongoing development and expansion of the platform after gaining legal rights of over 250 professional tennis players, Fungiball players can expect a remarkable gaming experience. 

Not only that but as over 2,500 players have already registered on the platform, which has begun the sale of 4200 NFT Cards, it’s worth noting that Fungiball’s user base is growing. 

It comes as no surprise that Fungiball provides tennis enthusiasts a safe place to play and earn with the power of their favorite professional players, as each NFT card is evolving based on the player’s real-life performance. 

In addition, by leveraging the power of NFTs, Polygon and Ethereum blockchains, and P2E mechanics, Fungiball brings an entirely new era of immersive gameplay and rewards. 

Links: Website | Twitter | Discord | Instagram

The post Serve, Swing, and Earn: Fungiball Revolutionizes Tennis with NFT-Powered P2E Gameplay appeared first on BeInCrypto.

Picture a platform where the high-stakes thrill of trading intersects with the joy of gaming, a universe where beginners and experts alike can navigate the crypto cosmos with both fun and profitability as their compass.

EduTech is not just a buzzword; it’s an expanding industry that’s captivating minds and investment alike. Consider this: in recent years, the global EduTech market valuation has soared, expected to reach $680 billion by 2027. Such staggering statistics speak volumes about the digital transformation of education, setting the perfect stage for Banksters to shine.

Banksters: Bridging Gaming and Crypto Trading

In the traditional sense, trading was always perceived as high on the edge of risk, a sphere reserved for the smart and seasoned. It was a strict world, far removed from the realm of gaming, a universally relatable and accessible activity, filled with fun and friendship.

That is, until Banksters stepped in, blending the logic of trading with the lore of gaming, and transforming the intimidating into something exciting. 

Unique EduTech Proposition of Banksters

At the heart of Banksters is its unique proposition: a smooth combination of intuitive gaming interfaces with advanced trading strategies. It’s a pioneering venture into edutainment within the crypto space, leveraging the engaging quality of games to educate and engage.

Players don’t just sit back and watch the market trends; they ride them, they direct them. Each decision and each move on this Web3 gaming platform represents a strategic challenge, either going against the traditional market or moving according to its direction, with tangible rewards awaiting the victors.

Consider the existing landscape: 21% of traders battle with clunky interfaces and platforms that seem almost designed to instill inconvenience. This friction is disliked to the very essence of trading in the digital age.

This is where Banksters’ sleek, user-friendly interface comes in, which feels less like a tool and more like a game board. It’s an arena where the stress of trading dissolves into the dynamics of competition and camaraderie. Every feature, every interaction, is crafted to gamify the experience — to bring the fun into finance.

Sign up for Banksters here.

A Journey Through Banksters’ Features

Central to its ecosystem is the trio of gamified versions of mining, investment run, and minting that redefine user engagement and interaction within the platform. If you want to check it out yourself, here is a guide on how to play Banksters!

Virtual Mining: Strategy Over Hardware

Mining in Banksters isn’t about deploying high-end hardware to solve cryptographic puzzles. Instead, it’s a strategic game where players allocate their in-game resources to mine $BARS, the game’s native cryptocurrency. 

This virtual mining feature in Banksters simplifies the complexities of real-life resource allocation and investment. It enables players to use soft currency to build their portfolios, a crucial step before participating in Investment Runs. 

By making strategic decisions on where to allocate their digital assets for optimal returns, players experience a risk-reward scenario similar to real cryptocurrency mining.

Investment Run: Riding the Market Rollercoaster

Similarly, the Investment Run is a dynamic gameplay feature that simulates the highs and lows of market investments. Players navigate through turbulent market conditions, drawing on their understanding of economic principles and player-driven market trends to make investments that could potentially lead to substantial in-game gains. 

This introduces a level of economic strategy that is both educational and thrilling as players learn to anticipate and react to market movements within the game. Within these investment runs, Banksters introduces a set of abilities that not only enrich the gaming experience but also mirror real-world trading strategies:

• Swap Position: This ability allows players to change their trade direction from long to short or vice versa in the next round, similar to a “hedging” technique. It’s designed to minimize losses or capitalize on market movements, offering a strategic pivot in gameplay.
• Swap Coin: Players can exchange one virtual coin for another that is performing better, mirroring “asset allocation” or “market timing” strategies. This simulates the strategic decision-making involved in choosing the right assets at the right time
• Elon’s Tweet: This ability is leveraging the influence of news and market sentiment. This underscores the impact of high-profile statements on asset prices.
• Rally: By using this ability, players can capitalize on the momentum of a virtual coin’s upward price movement, simulating the strategy of riding the wave of market trends.
• CZ’s Effect: This ability is designed to reflect the significant market influence of figures like Changpeng Zhao (CZ), the Binance founder. 
• Hype: This ability encourages players to invest in undervalued or unpopular virtual coins, looking to profit from market overreactions.
• Vitalik’s Buzz: Mirrors the market influence of figures like Vitalik Buterin. It’s similar to leveraging high-profile endorsements or developments in the crypto world.
• Pump & Dump: Temporarily boosts the best-performing coin, simulating the volatile nature of “high-frequency trading”. This strategy, while risky, shows the potential for quick gains through speculative trading.
• Market Squeeze: This ability enhances the worst-performing coin. It’s designed for players to capitalize on the potential turnaround of underperforming assets.
• Insider Trade: Offers a significant boost if no other abilities are applied to this coin, hinting at the controversial yet impactful strategy of trading based on non-public information.

The Art of Minting: Currency Creation

Minting, on the other hand, is another interactive feature where players can create new $BARS, the in-game currency, through strategic gameplay. 

In traditional gaming platforms, the in-game currency typically remains unchanged, offering little to no interaction with the game’s economy. However, Banksters revolutionizes this concept through its innovative minting process. 

This feature empowers players to directly influence the in-game economy by expanding the circulation of $BARS, the game’s native cryptocurrency. Unlike static currencies, $BARS dynamically responds to players’ actions, making the economic experience within Banksters both interactive and impactful

NFTs in Banksters and Exciting Airdrop

In the future, Banksters will improve the gaming experience by releasing player avatars that can be customized to represent them in the virtual world. With the ability to equip these avatars with NFTs, Banksters will be able to use them for purposes beyond simple collection. 

Rather, they will represent actual utility and use cases, like enhancing a player’s capabilities in a game or acting as a prominent status symbol among Banksters.

With 32 skills spread across various ranks and eight unique abilities, Banksters intends to provide NFTs with a system where each character offers a distinct advantage on the virtual trading floor. Because every Bankster represents a set of ten randomly selected skills, a variety of gaming experiences are expected.

As part of its launch campaign, Banksters just announced their upcoming Airdrop Contest! The competition will reward the top 1000 Banksters with a Prize Pool of 1,000 NFTs worth $100,000 USDT.

More than a thousand users will receive rewards in Banksters NFTs thanks to the distribution of NFTs, which will include three different rarities: 80 Shark, 290 Investor, and 630 Trader.

In addition to playing Invest Rounds, leveling up avatars, training NFTs through the Banksters Academy, and remaining involved in the community, airdrop participants must register with a working email address. In addition to aiming to win, these efforts also aim to excel by leveraging avatar abilities and strategic predictions.

What’s great is that a stunning five percent of the Banksters project’s tokenomics will go toward airdrops, community development, and rewards. These will be given out in response to gaming activity as well as involvement in challenges, competitions, and contests. 

INTERACTIVE BLOCK:

Sign up for Banksters here.

Conclusion: The Future of EduTech

As we look toward the horizon of EduTech and gaming, Banksters is positioned as a frontrunner in an era where education is not just interactive but also rewarding. Banksters is incentivizing learning and makes complex financial concepts accessible to all. 

The role of Banksters in this rapidly growing future is pivotal; it stands as a bridge between the excitement of gaming and the engagement of trading education. Banksters is not merely riding the wave of the future — it is the wave, reshaping the ecosystem of EduTech and gaming.

Through gamification and a deep understanding of market trends, Banksters is democratizing trading expertise, inviting everyone from novices to seasoned traders to experience the thrill of the market in a controlled, risk-free, and fun environment. 

The blueprint of its roadmap promises a sustained evolution, ensuring that as the digital landscape shifts, Banksters will not just adapt but lead, becoming a crucial tool in the fusion of learning, trading, and gaming.

Links: 

Twitter | Medium | Instagram | Telegram | Discord | YouTube | TikTok

The post Traders’ Gaming Escape: Unwind, Have Fun, and Experience Banksters appeared first on BeInCrypto.

Online wallets are a constant target for hackers, and offline alternatives, while safer, can be difficult to use. Because of this, there is an immediate need for storage solutions that provide both security against theft and cyberattacks and an easy-to-navigate interface. 

If we want more people to use and trust cryptocurrencies, we need to close this gap so people can safely and easily manage their digital wealth. 

Designed to be a one-of-a-kind hardware wallet by CoolBitX, CoolWallet Pro provides a unique approach to crypto cold storage that is unlike before. 

It does this by providing a modern device that stands out for its compact size which can easily fit in a user’s wallet as the card is only 0.8 mm thick and weighs 6 grams. On top of it lies CoolWallet Pro’s cutting-edge security features; giving users a secure and easy-to-carry option to manage their cryptocurrencies, DeFi & NFT assets safely and discreetly. 

Design and Portability of CoolWallet Pro

Unlike other hardware wallets, CoolWallet Pro is designed to mimic a credit card, making it extremely portable; thereby allowing it to set new standards in the hardware wallet space. 

On the front side of the device, users can find the card’s serial number. Next to the serial number is a small e-paper display that shows battery percentage and other important information, including real-time transaction verification. Users can easily navigate the display with the help of a small button that is located below the screen. 

The rest of the card is sleek, featuring a futuristic design with minimalist features and reducing visual noise, giving the device a much-deserving premium look. 

User-Friendly Features

Another reason that sets CoolWallet Pro apart from other hardware wallets is its user-friendliness. 

This is because setting up CoolWallet Pro is straightforward, which can be done through the help of the CoolWallet application. The app automatically connects the CoolWallet Pro hardware wallet through the help of Bluetooth and is available for Android and Apple devices.

Users can easily find everything they need to manage their digital assets within the app. The app is designed to cater to both newbie crypto users and veterans, as its features are very clear and user-friendly. In the app, users have the option to connect CoolWallet Pro with their DeFi and DApp accounts directly. 

Users can also create different wallets for cryptocurrencies, they can directly make trades, run different DApps, and much more. In case of any issues, users can also refer to CoolWallet Pro’s Getting Started page or their help center, where they can access an easy-to-navigate tutorial on setting up the device and navigating the app. 

On-the-Go Security Solutions

CoolWallet Pro has AES-256 Bluetooth, which offers a secure, confidential data transfer between two devices. It also has Cold Pressing Tech which permanently disables the device when disassembled. Additionally, the device is also Waterproof and Tamper-proof. It also offers 2 + 1-factor authentication, seed, and passphrase protection. Because of this, the hardware wallet offers an excellent on-the-go security solution for cryptocurrencies. 

The Technology Behind CoolWallet Pro

Through the help of CC EAL6+ Secure Element Chipset, the technology that helps CoolWallet Pro to run is amongst the highest standards in the industry. 

This is because the technology has undergone several comprehensive independent tests, including extensive penetration testing and mathematically-based security analysis. This level of security is equivalent to the security requirements of the US military and ensures the private keys never leave CoolWallet Pro and that the device runs effectively. 

Furthermore, in order to ensure the security of users’ assets, the CoolWallet app uses an advanced transaction analysis system known as Smart Scan. The Smart Scan first confirms the transactions by scanning and detecting both the transaction counterpart and the smart contract transaction itself. 

This step helps to scrutinize transaction details and checks for any hidden anomalies. As a result, it provides an extra layer of security for transactions and ensures a user’s security. 

Exciting Future Developments: $Cool token launch

As part of the future development plans, CoolWallet is launching its first-of-a-kind token, giving users a unique way to participate in self-custodial crypto services. 

In addition, CoolBitX also offers different airdrops on the Galxe platform to users where they have to participate in minimal activities against a chance to win multiple token rewards.  

Embracing the CoolWallet Pro Experience

Ever since the popularity of cryptocurrencies, security has become a major issue. While hardware wallets provide a secure way to store a user’s private keys, they are often less portable, mobile, and less user-friendly. In addition, with the growing number of cyber attacks and their increased complexity, many hardware wallets are unable to keep themselves updated and secure. 

CoolWallet Pro solves both of these issues by offering a portable device that comes in the size of a credit card and is easy to carry around with military-grade digital assets security. Furthermore, the battery life of CoolWallet Pro is also great as it has a standby time of around 2 to 3 months. 

CoolWallet Pro also supports up to 30+ blockchains, including all ERC-20, BEP-20, TRC-20 customized tokens and all ERC-721 and ERC-1155 NFT tokens. It also supports nine different languages, making it more convenient for users to navigate around and users can also safely earn from airdrops, which is another unique feature. 

Considering all of these reasons, it’s no wonder that CoolWallet Pro receives a positive review from users around the world, as 300k+ crypto users trust it. Due to the high standards of CoolWallet in self-custodial crypto security, over $3 billion in assets are secured by the device and more are underway as the demand for the device is growing! 

Conclusion

With the growing need for a secure and user-friendly crypto wallet that offers on-the-go cryptocurrency solutions, CoolWallet Pro is a great solution. 

Developed by CoolBitX, CoolWallet Pro is undoubtedly technically impressive, especially as a military-grade CC EAL6+ Secure Element Chipset protects it. In addition, it offers plenty of services, allowing users to control their assets safely anywhere, anytime. These services include marketplace trading features, NFT storage, and earning staking rewards among others. 

These features allow the device to operate perfectly, deliver complete security, especially in light of growing cyber attacks, and remain user-friendly, which is vital for novice crypto users. As CoolBitX is about to launch a token, it will also give users the unique ability to invest in crypto cold storage. 

The post Crypto Storage Made Easy: Discover the Next-Gen Cold Wallets That Anyone Can Use appeared first on BeInCrypto.

One of the biggest reasons for AI’s impact is that it helps to break apart large volumes of data into small and accurate pieces of information. Humans then use this information to make effective decisions. Otherwise, it is almost impossible to analyze and handle such vast amounts of data and then use it for one’s benefit.  

Therefore, it’s no wonder that one of the biggest beneficiaries of Artificial Intelligence (AI) are traders actively adopting AI in their daily crypto trades. 

What is AI Crypto Trading?

Due to the surge of cryptocurrencies in recent years, they have become among the most attractive options for traders and investors. Especially those who are looking to diversify their investment portfolios. 

However, unlike traditional financial products, cryptocurrencies are not regulated and are subject to extreme volatility as they move solely on market sentiment, which changes every hour or day. 

Additionally, several other triggers can range from cyber attacks, government policies, lack of communal trust, and so on, which can cause the price to move, ultimately further complicating crypto trading. 

As a result, it becomes vital for traders and investors to continuously monitor the market and analyze massive volumes of data and prices. They also have to closely monitor the market sentiment, which is nearly impossible to do 24/7 for any individual. 

This is where AI crypto trading comes in, as it does all of this for the users, thereby ensuring potentially more profitable trades that come with little to no effort. AI trading systems automate transactions, predict market trends, and analyze market sentiment.

Not only this, but they also analyze historical data by utilizing the power of machine learning (ML), which gives them the ability to learn and adapt from past trading experiences. This helps to enhance the efficiency and effectiveness of trading. 

Ultimately, it’s no wonder that decision-making has become faster several times, which, in particular, is extremely useful during high times of market volatility. 

Trading Crypto with Artificial Intelligence

One of the best parts of trading crypto with AI is that it is extremely easy to do so. In fact, AI democratizes crypto trading, allowing traders of all experiences to make potentially profitable trades. 

Among several tools that are available in the market right now, AlgosOne is perhaps one of the best. Despite being a newcomer in the market, AlgosOne has a trade success ratio of almost 80% which is expected to grow as its’ cutting-edge machine learning (ML) algorithm is always learning from its own mistakes. 

AlgosOne is a licensed and registered AI-powered bot combining deep neural networks’ power with large language models (LLMs). 

To make a successful trade with AlgosOne, you do not have to be a veteran trader or have years of market experience. Anyone with a basic understanding of trading can make profitable trades. This is because most of the work is done by AlgosOne’s powerful bot. 

How to trade using AlgosOne: Step-by-Step Guide

Following are the steps that you need to follow to get started with trading on AlgosOne:

Step 1: Signing up

Users have to first sign up for an account on AlgosOne using their email address. 

Registration can be done with the help of the following link. 

Step 2: Depositing Funds

Once completed and approved, you need to deposit a minimum of $300 in what’s called the “Checking Account,” where all your main balance is present. 

The great thing about AlgosOne is that there are multiple deposit methods through which you can charge your account, which include bank deposit, conversion of cryptocurrencies to US dollars, and direct deposit using popular cryptocurrencies like Bitcoin, Ethereum, and Solana. 

This method is great for many reasons, particularly because of the convenience it brings to crypto users, as they can conveniently get started with AlgosOne if their bank deposit does not work. In addition, they can also enjoy price increases on these coins and directly gain trading profits from them. 

Given their convenience to users, AlgosOne will accept more cryptocurrencies in the near future. To make it more convenient for users, AlgosOne now allows deposits directly through Solana, apart from other cryptocurrencies. 

Step 3: Understanding Trading Tiers

Depending upon the amount you deposit on AlgosOne, you will be assigned a Trading tier. Each tier comes with its perks and benefits. You can learn more about trading tiers through this link. 

Depending on the tier you choose, you will have a certain number of automatic trades and trades that you will have to approve or manual trades. 

For instance, if your account is in Tier 4, there are three automatic trades per day and eight trades that you will have to approve. 

Step 4: Automatic Trades

Information about current trading will be available on “Trading Operations.”

This is where you can also change your trading settings. AlgosOne offers two types of trading settings: 

1. Low Risk: With the low-risk profile, traders benefit from a higher success rate with minimized risk. This is ideal for traders who have a low-risk threshold. However, positions will be opened for smaller amounts so you can expect less substantial return on your winning trades.

Despite being a low-risk profile setting, the success rate is still above 80%, but the trades are usually for smaller amounts, which is to ensure the safety of the user’s assets. Regardless, with time, the smaller amounts add up and bring a nice chunk of profit to users. 

2. Standard Risk: With the Standard Risk profile, traders are exposed to a higher risk of unsuccessful trades; however, they also have a higher chance of earning greater rewards. In this setting, positions are opened for a long time so that traders can get a sizable return on their winning trades. 

The success rate might be a bit lower than 80% in this setting as AlgosOne takes advantage of bigger positions because it is looking to earn higher returns on each trade. Regardless, the overall return to users will be a profit, which is generally more than what is guaranteed by their trading tier. 

For automatic trades, this is the only thing that you need to do, and the rest of the job is handled by the bot. 

Step 5: Manual Trades

On the other hand, for manual trades, now known on the AlgosOne platform as 1Click trades, AlgosOne will notify you about the trade. For users of the web version, this notification will appear on the bottom left side of your screen, ensuring you’re promptly informed of potential trade opportunities. 

It’s crucial to note that these notifications are not limited to the web interface. For app users, notifications come through as regular alerts on your mobile device. Upon opening the app, you’ll see the trade details, allowing for a seamless transition from notification to action. 

For those who prefer not to use the app or exclusively use the web version, there’s an additional feature to enhance your trading convenience. You can connect your Telegram account to the AlgosOne platform, enabling you to receive all notifications directly through Telegram. 

This feature is also available to app users, catering to preferences for receiving trade alerts through Telegram, which might be due to the app’s widespread use or the convenience of managing notifications in a familiar environment.

The notification will include important information about the trade, such as the coin it is trading on, the start signal, and the time left to approve the trade before it expires.

For instance, in the following example, the bot traded SUI on 50x leverage. Within 3 minutes, the bot closed the trade and made a nice profit. 

And that’s about it. Trading in AlgosOne is as simple as it gets!

Also, it is worth noting that, in order to keep things fair, AlgosOne does not charge anything on unsuccessful trades. 

AlgosOne: Earning a Passive Income

Another great thing about AlgosOne is that there are other ways as well through which money can be earned. 

This includes earning stars daily through the help of various achievements that include referrals, trade signals approvals, consecutive logins, engaging with AlgosOne’s social media accounts, writing reviews, posting videos and blogs, and sharing content. 

Once you have substantial Stars, they can be easily converted into trading credits, level points, merchandise, and more directly from the AlgosOne marketplace. 

While this is another great way to make money from the platform, overall AlgosOne is a passive income opportunity, especially for users who have minimum trading experience or have a busy routine. Adopting AlgosOne’s cutting-edge technology makes profitable automatic trades for them through the platform, even though they have nothing to do! 

This makes AlgosOne one of the best passive income platforms out there. 

Why use AlgosOne’s trading bot?

There are several reasons to use an AI crypto trading bot like AlgosOne, which include: 

Risk Management

Risk management is perhaps one of the key elements of any successful trading strategy. AlgosOne automatically sets stop-losses, adjusts trading parameters, and diversifies portfolios. 

The risk management is designed to safeguard traders against any unanticipated market developments. Portfolio diversification is the cornerstone of AlgosOne’s trading strategies because it trades in different markets, including forex, stocks, and commodities. 

Real-Time Market Monitoring

Successfully trading cryptocurrencies cannot be achieved without monitoring the market in real-time. However, as the crypto market operates without a break, it becomes virtually impossible for traders to stay connected with the market. Furthermore, analyzing and processing massive amounts of data in real-time is almost impossible. 

This is where AlgosOne comes along, as it can monitor current market conditions, identify trends and patterns, and then make thoughtful decisions. Not only that, AlgosOne also reviews market-published data, which gives it a further edge in understanding better where things are headed in the future. 

In fact, after seeing how valuable this data is in making successful trades, AlgosOne recently went through a major system upgrade, expanding the algorithm’s access to real-time quality data. This also improved AlgosOne’s ability to identify potential market risks accurately. 

Removing Human Emotions

In trading, emotional biases are like “unseen” forces that subtly manipulate investor’s choices, allowing them to make risky decisions that they would avoid in normal circumstances. AlgosOne eliminates emotional bias in trading by focusing on trades solely driven by data and market analysis. 

Due to this, traders are more aware of when to enter a trade and when to exit, as AlgosOne can detect high-probability trades with a further greater certainty. 

AlgosOne: Trading Risk-Free

Several risks are associated with AI trading as they do not guarantee 100% success in crypto trading. Despite the market being highly volatile and unpredictable, AlgosOne minimizes these risks with the following strategies: 

Regulatory and Legal Concerns

One of the biggest risks with AI trading is oftentimes these systems do not comply with Anti Money Laundering (AML) laws and other legal concerns. By not having legal compliances, these systems make the job even more difficult for crypto traders as there are already inconsistencies in crypto regulations. 

AlgosOne eliminates all the regulatory concerns as it complies with all legal and AML regulations, giving traders a legal system to trade cryptocurrencies. It is licensed and registered in the European Union. 

Technical Complications

Another concern with AI bots is that they are extremely technical for newbies, and instead of making the job easier, they make it much worse. 

AlgosOne reduces this risk by ensuring it has an easy-to-use dashboard. It also offers a small tutorial to users upon sign-up, giving them an overview of how to navigate the platform. In addition, AlgosOne has a dedicated team of professionals who are available to users 24/7, ensuring timely solutions to any technical issues they might face.

AlgosOne is expanding its educational resources to include guide videos and detailed explanations made by its team. These videos will be accessible via their YouTube channel and directly in the app starting in April, offering users an enhanced understanding and navigation experience of the platform. 

High Commission Fees

Most of the AI systems that allow users to trade cryptocurrencies charge extremely high commission fees, which reduces their gains to almost nothing. AlgosOne takes a completely different approach and has reduced its commission fees from 25% to 20% per trade. 

This is to make sure users take home maximum amounts of profit. At higher trading tiers, this commission gets even lower. Also, this commission only applies to successful trades. However, these commissions aren’t necessarily bad, as these fees are used to fill up the so-called Reserve Fund.

AlgosOne keeps a strong Reserve Fund to protect its users’ principal deposits from unplanned market changes. This is done to make sure that its users’ money is safe. This fund is like a safety net for money; it makes sure that users don’t lose their initial investments, even when things go bad.

A portion of the platform’s earnings, such as commissions from successful trades, are used to refill it. If trades fail or losses happen out of the blue, the Reserve Fund can provide some compensation. This greatly lowers the risk of losing capital.  

Quality of Data

Lastly, AlgosOne ensures the data on which its algorithm is trained is not inaccurate or biased, which can affect its performance. 

To overcome this, AlgosOne’s cutting-edge Large Language Model (LLM) looks at vast amounts of data, particularly from reputable sources, it then cross-checks it for any errors and then implements it. 

This is contrary to other AI systems that fail to cross-check their data sources and then base their decisions on them. As a result, they are unable to make profitable trades and end up losing users’ funds. 

Conclusion

Traders often find it hard to keep up with everything that is going on in the market in order to make profitable trades. To overcome this, AI is playing a vital role with tools like AlgosOne, which not only analyzes vast amounts of public data to make effective trades but also looks at the current market sentiment, all thanks to its cutting-edge technology. 

AlgosOne helps traders make substantial profits in the crypto market with as little as $300. It is an institutional-caliber technology available to everyone, thus democratizing the entire trading industry. With its ongoing system updates, users can now access enhanced risk management, identify risks, and detect high-probability trades with only a 20% commission fee.

If you want to try out this platform for yourself, you can sign up for the 14-day risk-free trial at AlgosOne here.

Links:

AlgosOne explanation video | Facebook | Twitter | Instagram | Telegram

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From its inception as a meme inspired by the BTC price surge to its long-term goal of becoming the top meme coin by market cap, we delve into the origins of Noctis, its unique features, and the ambitious vision that sets it apart from other meme coins. 

Join us as we explore the quest, the community-driven governance, and the innovative marketing strategies that make Noctis Coin a project to watch in the crypto space.

Interview with Noctis Coin

How did the idea of creating Noctis come to you?

Well, we’re quite a Degen team, so obviously, we love memes, and we always wanted to create one. However, dogs, frogs, and cats were so repetitive that we were exhausted with that idea. 

So, we thought about a meme that people could recognize and that could incorporate some gaming elements. That’s when we thought about the meme from the BTC price when it rises. What if we do that, but with memes? So, we laughed. And that’s it, that’s where everything started.

What makes Noctis different from all existing meme coins?

That’s easy! Why invest your money in a token that’s just for fun? Why not participate in a quest with thousands of crazy degens to vanquish all other MEMEs? Don’t you think that’s more entertaining? Let’s start opening doors!

What is the long-term vision for Noctis Coin?

Simply put, to become the first Meme by market cap! However, Noctis doesn’t intend to stop at the last door. The idea of the meme is to assist the community as much as possible. We would love to make CryptoSpace a better place. However, there’s no one better to explain this point than Vitalik.

How will the Noctis community be involved in the project’s governance?

The community is everything here! There won’t be a DAO, but there won’t be governance either. The LP tokens will be burned, so the power over the pool will disappear as well! No one will take control over the project through the power of supply; the holders are the heart of the project.

What is the plan for marketing and promoting Noctis Coin?

The marketing will increase step by step, but at any time, the snowball could start rolling, and it will be unstoppable at one point. The marketing will not only be done by the team, but also with the help of the community, sending stickers and pointing out the next victim of Noctis. Jump in, spread the word, and enjoy.

How liquity is verified for the token?

All the project’s liquidity (the presale proceeds) will be added to the pool and all the LPs generated will be burned, making it impossible for anyone to recover those funds, so everything will be left in the hands of the community holders.

What is the team’s experience in building and managing cryptocurrency projects?

Even that the community is everything, someone has to start all of this movement, so the team that created the coin is composed of multiple people with years of experience in the crypto ecosystem. From developers collaborating at top 30 protocols by market cap to founders of world-recognized projects. 

What are the tokenomics of Noctis Coin? 

Token Symbol: $NOCTIS

Total Token Supply: 666,666,666,666 $NOCTIS

Token Distribution:

• 6% allocated to the team
• 6% for Marketing and Listings
• 44% for Liquidity
• 44% from the Presale
• No Softcap
• No Hardcap
• 100% to Liquidity
• 100% LPs Burned

Conclusion

As we come to the end of our look into Noctis Coin, it’s clear that it’s not just another meme coin trying to get into the crypto world. People in the community are taking a risk by combining the worlds of gaming and cryptocurrency to give users a unique and exciting experience. 

Noctis Coin is aiming to make waves in the crypto space with its dedication to openness and vision that goes beyond just tokenomics. Noctis Coin wants you to join its quest and be a part of a journey that will change what a meme coin can be, whether you’re an experienced crypto fan or a newcomer interested in how memes and games can work together. 

Users can also join the Noctis community on X (Twitter) and Telegram to receive important updates and news.

Links:

Website | Twitter | Telegram community

The post Noctis Coin’s Quest to Revolutionize Meme Coins with a Gaming Twist appeared first on BeInCrypto.

Its cornerstone is to help democratize trading by offering a premium and institution-caliber platform to anyone who wants to grow their capital from as little as $300. With the power of its machine learning (ML) model, AlgosOne is able to execute trades based purely on statistics and data. 

This approach also gives AlgosOne the ability to continuously learn from its mistakes and from trade-related data, allowing it to make more intelligent decisions in the future. In addition, due to its ever-expanding comprehension of the financial markets, AlgosOne can offer its users a consistent, guaranteed, and generous profit. 

Getting Started on AlgosOne

Signing up on AlgosOne is fairly easy and takes about less than 5-minutes. Users are asked to verify their email address and provide an ID verification to pass Know Your Customer (KYC) guidelines. 

Once approved, AlgosOne gives a 9-step overview of the platform, which allows users to orient themselves to all the available tabs and dashboards. Users can skip this process altogether, as otherwise, the platform is designed to be extremely user-friendly, and getting used to it does not take long! 

In addition to this, AlgosOne has recently introduced two new stats sections that include the current amount of money on its Reserve Fund and active trades that are currently being executed by its bot. All of this ensures transparency and further builds trust with Users. 

Users can start trading once their account gets approved after uploading $300 to their checking account. 

This can be done either with a bank account, directly from cryptocurrencies, or a conversion from cryptocurrencies to US dollars. AlgosOne accepts multiple cryptocurrencies including Solana, which has been recently added. 

It is worth noting that signing up does not involve any subscription or deposit fees. AlgosOne also offers a 2-week long free trial. 

Trading with AlgosOne

Trading on AlgosOne is perhaps one of the easiest parts, as there is almost nothing that the user has to do to execute a successful trade. 

The majority of the work, including research and trading decisions that comprise asset selection, trade sizes, choice of risk controls, and when to buy/sell, are handled by AlgosOne. AlgosOne executes two types of trades. The first is auto-approved trade, which does not require anything from the user. 

The second one is 1-click trade, where the user has to approve the trade after reading all of the important details about that particular trade. This ensures users have the utmost autonomy on when and which trade to approve. 

Furthermore, users are free to select when to get 1-click trade notifications. AlgosOne has upgraded its trading signal window from a 12-hour window to now just an 8-hour window. However, users have the freedom to choose when or when not to get trading notifications, depending on their schedule. 

Besides this, all of the work is handled by AlgosOne – users do not have to worry about market sentiment or spend hours in front of screens to make a profit. 

What’s great is that the platform introduced SHIB deposits, with plans to expand the cryptocurrency offerings and introduce Solana trading accounts. This would allow users to hold SOL in its native form without the necessity of converting it into USD. 

Profit and Fee Structure of AlgosOne

The profit range depends on the level or tier the user is on. The higher the tier, the more users will be able to earn, as they can execute larger trades with larger balances. 

When a user first starts with a $300 deposit, they are automatically placed on the 1st trading tier. The more balance they have, the higher their trading tier will be. In total, there are 10 trading tiers On AlgosOne – each with its number of auto-approved & 1-click trades per day, commission fee, compensation, and total profit per annum. 

To keep things fair, AlgosOne does not charge any commission on losing trades. It has also reduced its commission amount from 25% to now 20% on different trading tiers. 

Money earned from trading fees is split into two parts. Half the money is used to pay for compensation on the losing trades and maintain AlgosOne’s Reserve Fund which acts as insurance for users’ capital coverage in case things go sideways. 

The other half is used to pay for AlgosOne’s 24/7 risk and technical management team, along with other platform expenditures. 

Risk Management by AlgosOne

Another key feature of AlgosOne is its wide range of risk management tools tailored to protect users’ investments. These include:

• Portfolio diversification: AlgosOne diversifies users’ investments in multiple areas, including commodities, stocks, indices, forex, bonds, and cryptocurrencies. This ensures risk is mitigated in multiple asset classes, which protects in case of any unforeseen future events. This not only reduces risk but also opens new opportunities as the portfolio has a wide range of exposure. 
• Stop loss & limit orders: This is a crucial feature of AlgosOne as it helps minimize loss and ensures profit. Users can select when to end a trade at a set price in order to protect them from unfavorable market shifts. 
• Investment caps: Investment cap is another measure for risk control as it limits the amount of funds risked in one trade. This helps to protect the principal by ensuring a balanced investment approach. With the help of this approach, a user is protected from bipolar market swings. 
• Protection against emotional bias: Lastly, AlgosOne protects against old-school emotional biases in trading, which act as unforeseen forces. By employing deep neural networks and natural language processing, AlgosOne can make decisions that are solely based on data. 

Compliance with Legal Regulations

In all essence, AlgosOne is a legal trading platform that is safe to use as it complies with financial regulations. It holds a license issued in the EU that gives platforms the power to offer financial services, including cryptocurrencies. 

AlgosOne also has an AML policy that helps to prevent the platform from being used for terrorist financing, money laundering, and other illicit activities. 

Due to this, users cannot open an account without verifying their identity. They have to go through the steps of Know Your Customer (KYC) and Anti-Money Laundering (AML) documentation. 

AlgosOne’s Reward System

To give users more room to earn a passive income, AlgosOne has launched its reward system, allowing users to earn Stars through various activities. 

These activities will include consistent logins on the platform, engaging with AlgosOne’s social media pages, writing reviews, publishing videos and blogs, and sharing content on their personal social media accounts. 

By engaging in all of these activities, Stars will grow. Users can then convert these Stars into new trades, level points, merchandise, and more from AlgosOne’s marketplace.  

Stand-Out Benefits of Using AlgosOne

Some of the biggest advantages of using AlgosOne include: 

First and foremost, the platform is entirely legit. It is licensed and registered with the EU authorities. At a time when scammers are everywhere, having a legitimate platform is extremely important. 

Secondly, AlgosOne has a proven trade rate success of 80% which comes hassle-free as the platform does all the time and research-intensive work. Users only have to approve certain trades and view their dashboard occasionally. 

While launched recently, AlgosOne also offers a Risk Profile feature. The feature gives users the power to match risk tolerance with their investment goals. 

Two settings are offered by AlgosOne that are tailored for users – these include a “Low-Risk Profile” for a higher success rate with lower exposure, and a “Standard Risk Profile” for a steady, albeit slightly smaller profit on each winning trade. By setting up a Risk Profile, it does not mean annual profits will decrease. 

The platform is not only easy to use for beginners, but there is also help available 24/7 from not AI trained bots but with real people. This further helps to build trust and ensures customer satisfaction, which is of utmost importance to AlgosOne. 

Lastly, there are no hidden fees or charges that may slowly eat up the user’s capital. AlgosOne is very transparent about its commission percentage. Whatever a user deposited will be returned to them upon their withdrawal request. 

Conclusion

In conclusion, despite being young in the market, AlgosOne is proving its worth to users as it is able to provide a premium tool to traders at a fraction of the cost. 

By doing all of the hard work, AlgosOne can democratize trading by creating space for busy traders or newbies who would otherwise have to spend hours executing a successful trade. 

Furthermore, AlgosOne ensures that everything is transparent and fair. It does not cherry-pick a certain asset but builds contrasting positions in correlated assets for maximum profits. 

Considering all of this, AlgosOne offers a great way for crypto holders to put their money to work, and earn passive income through it. 

Links:

Facebook | Twitter | Instagram | Telegram

The post AlgosOne Project Overview: Elevating Crypto Trading With an 80% Trading Success Rate appeared first on BeInCrypto.

That’s where Smithii Tools comes in, a revolutionary solution that makes token creation accessible to everyone. Solana tokens (SPL Tokens) can be easily created by individuals and businesses using this no-code platform. 

Smithii Tools streamlines the complicated token creation process, allowing anyone to use it without extensive technical understanding.

Launch a Solana Token without Coding

An essential but frequently difficult part of developing a blockchain project is creating tokens. Smart contracts are complex and require developers to grasp their complexities, ensure their security, and keep costs in check to deploy and maintain them. Many people, especially those without extensive coding experience, may find this an overwhelming challenge.

Managing costs efficiently is just as critical as the technical parts of launching a token. Building a liquidity pool is an expensive part of releasing a token. This pool is crucial for decentralized exchanges (DEXs) as it allows for easier trading and guarantees liquidity. 

This requires a deep understanding of the DeFi ecosystem and can be a time-consuming and expensive process.

In response to these issues, Smithii Tools has developed a simplified and inexpensive method for token launch. Launching tokens has never been easier or cheaper than with this platform, which streamlines the process of creating SPL Tokens and liquidity pools. 

Creating an SPL Token with Smithii Tools is both affordable and straightforward. The entire procedure, including the creation of tokens and the establishment of liquidity pools, can cost anything from 1.5 SOL to 5 SOL. 

By reducing the barrier to entry for token creation, project owners can redirect more resources to essential areas like marketing and community building.

Create Solana Token Step-by-Step

Creating a Solana token (SPL Token) is a seamless process with Smithii Tools. The journey begins with the Solana Token Creator, a user-friendly tool designed for simplicity and efficiency. 

Connecting your Solana wallet to the service is the initial step. This is a crucial step that verifies the security and ownership of your newly generated token.

Next, dive into the details of your token. Choose a unique name that resonates with your project’s vision and a ticker symbol that is both catchy and representative. Set the number of decimals for your token, which will determine its divisibility. 

You can then give your token a visual identity by uploading an appealing image and writing a captivating description that sums up its function and use.

With these details in place, define the total supply of your token. This is a critical decision, as it impacts the scarcity and potential value of your token. Once satisfied with your choices, click on “Create Token” and approve the transaction. In just a few moments, your SPL Token will come to life, ready for the next steps.

The creation of a Liquidity Pool is the next milestone. This involves generating an OpenBook Market, which pairs your token with another cryptocurrency, typically SOL or USDC. This step is essential for enabling trading and ensuring liquidity on decentralized exchanges (DEXs). 

You can do that using this Smithii Tool: Create OpenBook Market.

You can also customize your Market ID length and create it from 0.4 SOL.

After setting up your market, add liquidity to it on a DEX of your choice, such as Raydium. This process involves depositing an equal value of your token and the paired cryptocurrency into the pool, establishing the initial price and availability of your token for trading.

You can make these 2 steps easily with the user friendly tool for creating liquidity pool on Smithii, using it you will be able to create and set up your liquidity pool and it will be added to Raydium and listed on Birdeye and Dexscreener; the most used platforms for trading solana tokens.

Listing a Solana Token on Featured Platforms

Once your token and liquidity pool are in place, it’s time to focus on visibility. Listing your token on prominent platforms like Birdeye, Dexscreener, Jupiter Aggregator, Coingecko, and Coinmarketcap can significantly boost its exposure and credibility. 

These platforms offer a stage for your token to be discovered by a wider audience, attracting potential investors and users.

Each platform has its own listing process, but generally, tokens that have an active liquidity pool are automatically recognized and listed. For platforms like Jupiter Aggregator, you may need to apply for verification to gain additional credibility. 

Key Features of Solana Smithii Tools

Besides allowing for seamless token creation, Smithii Tools stands out with its suite of different features designed to simplify the token creation and management process. 

The Multisender feature is a game-changer for projects looking to distribute tokens or NFTs to multiple wallets simultaneously. Whether it’s for airdrops, rewards, or promotional distributions, Multisender streamlines the process, saving time and effort.

For projects looking to incentivize holding or engagement, the Staking Builder is a valuable tool. It allows for the creation of custom staking mechanisms for both NFTs and tokens, providing a way to reward loyal community members and holders.

New tokens or NFT launches can take advantage of the Launchpad feature. To facilitate project fundraising and audience engagement, it streamlines the process of minting events, also known as Initial DEX Offerings (IDOs).

Finally, the Snapshot feature is essential for community management and analysis. It provides a snapshot of the holders of any token or NFT collection, offering insights into the distribution and helping projects tailor their strategies accordingly.

The Advantages of Using Smithii Tools

Smithii Tools offers several advantages that make it an attractive option for token creators. With token creation costing only 0.5 SOL, the cost-effectiveness is a major advantage. Smaller projects can now take part in the Solana ecosystem thanks to the low barrier to entry.

Ease of use is another key advantage. The simplified process for token creation and management means that users don’t need to have technical expertise in blockchain or coding. This user-friendly approach encourages wider adoption and experimentation within the ecosystem.

Compatibility with any Solana wallet adds to the convenience, ensuring that users can seamlessly integrate Smithii Tools into their existing setups without needing to switch or adapt their wallets.

Conclusion

Finally, the Solana blockchain’s scalability, low transaction costs, and great performance have made it an essential component of the decentralized world. 

The necessity for an easier and more accessible token creation process is now more than ever before, given that tokens remain the foundation of the Solana ecosystem and drive a multitude of decentralized applications. 

Smithii Tools really comes into its own here, offering a no-code platform that basically makes token creation accessible to everyone. Businesses and individuals can create Solana tokens (SPL Tokens) easily with Smithii Tools, skipping the complicated coding and saving a ton of money. 

With Smithii Tools, building token projects is easier than ever, regardless of your level of experience or familiarity with blockchain technology. 

Links:

Discord | Twitter | Telegram | YouTube

The post How to Launch a Solana Token from 0 appeared first on BeInCrypto.

Web3 gaming stands distinct from traditional gaming models. It transcends the limitations of conventional games by integrating blockchain technology, which offers unparalleled transparency, security, and user autonomy. 

In Web3 games, the control shifts from developers to the players, enabling true ownership of in-game assets, such as skins, characters, and even game scenarios, through Non-Fungible Tokens (NFTs).

GameFi, a fusion of gaming and decentralized finance (DeFi), further enriches the Web3 gaming landscape. This integration allows gamers to engage in financial strategies such as staking, liquidity farming, and token trading within the gaming environment, thereby elevating the gaming experience to new strategic and economic heights.

As we delve deeper into this fascinating world of Web3 gaming, one platform that exemplifies this revolution is WEMIX PLAY. It’s a true innovation in the Web3 gaming space. In this article, we will explore this mega blockchain gaming platform that’s changing the face of digital gaming.

WEMIX PLAY: Revolutionizing the Gaming Landscape with Blockchain Technology

WEMADE, through its WEMIX subsidiary, has a vision to integrate blockchain, token, and NFT technology into the gaming industry. WEMADE has evolved from being a pioneer in Korean PC and mobile game development to leading the charge in Web3 game development. 

WEMIX PLAY Vision

WEMIX PLAY is the world’s biggest blockchain gaming platform with over 9 million cumulative users, offering over 35 Web3 games, including the hugely successful MIR4 and its sequel, MIR M: Vanguard and Vagabond, the largest P&E MMORPG in the world. 

The essence of WEMIX PLAY lies in its ability to return ownership of in-game assets to users and break down the boundaries between games, the real-world economy, and the games themselves. 

The aim was to create more than a blockchain but to forge a user-centric bridge that melds gaming, finance, and daily transactions. This vision was born out of a desire to dissolve barriers between the traditional digital world and the blockchain universe. 

To achieve this, WEMADE collaborates with game developers worldwide, and its portfolio of partners has grown during 2023 to include developers from Belarus, Canada, Hong Kong, Japan, Lithuania, Singapore, Poland, the UAE and the United States. 

Since launching WEMIX PLAY in 2022, WEMADE has signed more than 130 onboarding deals for Web3 games spanning a wide range of genres and categories.

WEMIX PLAY is designed to support the onboarding process to help developers transform all games into great Web3 games.Within  three years, the overall vision is to transform all games into blockchain games, making WEMIX PLAY the ultimate platform for developers wanting to onboard their games.

Unique Offerings of WEMIX PLAY

WEMIX PLAY’s unique selling propositions lie in its ability to merge games with reality. It introduces games with integrated features like tokenomics, GameFi, marketplace, and community. These features enable new economic activities within games, blurring the lines between gaming and real-world transactions.

Top Games on WEMIX PLAY

Within WEMIX PLAY, there is an impressive roster of games. Among these, MIR4, MIR M, and Yulgang Online stand out. Let’s delve into these fascinating realms.

MIR4: The Free-to-Play Open World Fantasy MMORPG

MIR4, a masterpiece in the MMORPG (multiplayer online role-playing game) genre, is available on both PC and mobile devices, and has achieved a record number of 1.4 million concurrent users. It immerses players in large-scale PvP battles, server wars, and massive Boss Raids. The graphics are a visual treat, featuring stylish, oriental-inspired designs. 

In MIR4, activities like gathering, mining, and crafting contribute significantly to character growth, with unique features like converting mined Darksteel into DRACO and HYDRA currencies. Players can also profit through staking programs and selling XDRACO items. This game’s popularity is unmatched, with over 1.4 million players!

MIR M: The Largest P&E MMORPG and Official Sequel to MIR4

MIR M, is the official sequel to MIR4 and builds upon MIR4’s foundation while introducing unique content. Players start with “Incarnates” to customize their looks and stats and progress.

The in-game economy is linked to the real economy through the WEMIX platform, featuring DOGMA at the core of its tokenomics, and DRONE as a staking token, connecting the Mir series economies.

Summoners League: A Real-Time PvP Puzzle Strategy Game

Summoners League offers a real-time PvP experience, blending puzzle and strategy in a collectible card game format. Players engage in strategic duels, matching blocks to summon powerful heroes. The game requires not just quick thinking but also creative strategy, as players aim to beat opponents by stealing their heroes and skill blocks. 

With over 50 unique heroes and 6 different summoner characters, each match is a fresh challenge. Players can upgrade their cards and equip heroes with Awakening Stones and Skill Scrolls for added advantages. The game’s competitive edge is sharpened by leaderboards and season rewards, making every duel a step toward global supremacy.

NIGHT CROWS Globals: Unlocking a New Era in Blockchain Gaming

NIGHT CROWS Global, the Web3 version of WEMADE’s blockbuster MMORPG, NIGHT CROWSs, is set to launch on 12 March 2024. One of the most popular mobile games of 2023 in Korea, NIGHT CROWS was the second highest in terms of revenue growth and third highest by sales revenue.

The game’s blockchain integration promises to enhance the gaming experience and in-game economy, focusing on user-generated value. NIGHT CROWS Global will introduce innovative advanced tokenomics concepts, including a Multi-Utility Token Economy (MUTE) and Character Abstraction NFT Economy (CANE) that will take Web3 gaming to the next level. 

Wemade is also introducing a groundbreaking omnichain gaming experience centered on unagi(x), the core engine of Wemade’s innovative unagi omnichain initiative. This revolutionizes gameplay by enabling seamless asset trading between supported chains like Ethereum, Polygon, and WEMIX3.0 using the una Wallet, unlocking unprecedented freedom for Web3 gamers. 

Deep Dive into GameFi on WEMIX PLAY

GameFi is more than just a trend; it’s a transformative force reshaping how we interact with games, bringing real-world economic activities into the virtual realms. It extends beyond traditional gaming by introducing financial mechanisms within the gaming experience, turning gameplay into potential economic opportunities for players.

Platform Metrics and Features

WEMIX PLAY’s GameFi ecosystem is extensive and multifaceted. It includes features like staking, with an impressive annual percentage rate (APR) of 130.67%, allowing players to deposit game tokens and earn substantial rewards. 

The REFLECT mechanism, where players can create tokens by synthesizing WEMIX PLAY validated REFLECT Alliance tokens, adds a unique layer to the economy. 

The SWAP feature allows for the exchange of tokens, and the FUSION process focuses on creating synthesized tokens to enrich the game economy. 

Additionally, the POOL feature lets players deposit game tokens to acquire interest, and the BRIDGE feature enables conversion between different networks. 

The dApp – PNIX DEX, further empowers players to check market prices and trade tokens. Meanwhile, the upcoming BORROW feature will introduce a loan service for token needs.

Fan Tokens: The Next Big Thing in Gaming

At the core of WEMIX PLAY’s community engagement are Fan Tokens, designed to deepen the bond between creators and fans by fostering a digital economy and enhancing interaction, with MYRTLE being the first token. These tokens offer diverse utilities, from swapping with other blockchain game tokens to exclusive access to events and content.

Conclusion / Future Vision

In conclusion, WEMIX PLAY not only exemplifies the potential of Web3 gaming but also marks a significant milestone in the evolution of digital entertainment. 

By integrating GameFi elements, NFTs, and blockchain technology, WEMIX PLAY offers a glimpse into a future where gaming is an economically viable ecosystem.

The platform’s commitment to revolutionizing the gaming experience is evident in its expansive range of features and offerings. From its innovative staking mechanisms and reflective token models to its inclusive fan token system, WEMIX PLAY is the frontrunner of the Web3 gaming movement. 

Furthermore, WEMIX PLAY’s focus on community building and empowering creators and fans alike through digital economies indicates a new era of gaming. It’s a platform where players are not just participants but integral stakeholders, shaping the gaming landscape.

As we look to the future, WEMADE’s continued investment in expanding the WEMIX3.0 ecosystem signifies its ambition and foresight in the world of digital gaming. WEMADE was part of the first generation of Korean PC, online, and mobile game developers and is now in charge of pioneering Web3 game developers that are innovating with blockchain technology.

Are you ready to shape the future of Web3 gaming together with WEMIX PLAY? You can check out the platform here.

Links:

Twitter | Facebook | Telegram | YouTube

The post How WEMIX PLAY is Shaping the Future of Online Gaming with Blockchain Innovation appeared first on BeInCrypto.

Bitunix is among the top 30 crypto exchanges on coinmarketcap and offers a variety of services to users, including; buying and selling over 180 cryptocurrencies and tracking their Live prices and trends. Moreover, as an exchange, it also offers derivatives, allowing traders to go long and short with their trades.  

As Bitunix is committed to developing a convenient, secure, and intelligent financial tool, it achieved registration in the United States as a US Money Service Business (MSB). It is also registered in Canada with an MSB license and is currently in the process of receiving its’ SEC compliance license in the Philippines. 

Furthermore, Bitunix is also committed to registering in more countries and has expansion plans across other regions. 

About Bitunix

When it comes to crypto trading, one of the biggest challenges faced by users is that it is difficult to track quality investment projects. Additionally, it is also difficult to constantly follow efficient and stable trading strategies. 

This is precisely what Bitunix solves, as it is built as an autonomous crypto social platform that helps to bridge the gap between users and users, users and projects, moreover, with users and market information. 

By doing so, Bitunix can remove information barriers by becoming a transparent and open environment for crypto assets trading side-by-side with their management. 

In addition to this, Bitunix also attaches great importance to security and compliance in light of growing security incidents which not only take away users’ investment but also give crypto a bad name. Due to this, Bitunix adopts a bank-grade risk control and ensures its’ reserves in excess of 1:1 with user assets at all times. 

None of this can be achieved without a workforce who are experts in the industry. This is why Bitunix employs a team of practitioners from leading crypto exchanges, analysts from top traditional financial institutes, and senior specialists from different internet giants. 

By having a qualified human resource, Bitunix can ensure steady growth and quality product offerings. 

Furthermore, Bitunix is known for its exceptional liquidity. To begin, the liquidity is coming from a lot of different places, such as individual traders, institutional investors, and market makers. Because of this, a wide variety of trading pairs and derivatives are guaranteed to have plenty of liquidity. 

Second, Bitunix is proud of its tight spreads, allowing cost-effective trading by minimizing the gap between the bid and ask prices. Order matching and execution are made even easier by high trading volumes, which increase liquidity. Bitunix also keeps an eye on the market constantly, which makes trading more fair and helps users trust the platform’s liquidity.

Another great aspect is that Bitunix also provides round-the-clock, multilingual live chat support as part of their dedication to customer service. Their customer support team is highly skilled and knowledgeable, effectively understanding users’ concerns and issues. 

They offer professional solutions and efficient problem-solving, with the ability to calculate positions and clarify any confusion related to the leverage system. This level of expertise ensures that users receive top-notch assistance for all their trading needs.

Bitunix: Expansion to Different Parts of the World

With a growing market cap and user base, it’s no wonder that Bitunix is expanding towards different parts of the world, including Africa, Asia, and Latin America. In fact, given what it offers, Latin America is the best region where Bitunix is well suited because of its low fees, friendly KYC policies, and a growing demand for cryptocurrencies. 

As per Chainalysis, Latin America is the 7th largest crypto market in 2022 and is expected to grow in the coming years. The main driving force behind such a massive increase in crypto demand is that citizens have started using them to store value due to increasing inflation and accepting remittances. 

This trend is especially visible in Venezuelan and Argentinian citizens who face high levels of inflation and therefore are looking for easy-to-use exchanges with relaxed KYC policies. This allows them the ease to fund and withdraw from their account, thereby giving them the freedom to operate without restrictions.  

Bitunix presents the best solution because of its daily withdrawal limit of up to $500k without a Know Your Customer (KYC) check. Bitunix also protects their privacy and provides them with a safe platform where they can seek financial opportunities. 

While users can purchase crypto via fiat through the help of their Visa and Master debit cards or even bank transfers, however, this process requires KYC. Bitunix is working towards different features that may help to keep user privacy intact as it understands its importance, especially for users who live in countries where access to cryptocurrencies is banned. 

Bitunix Trading Platform and Features

As the main feature of Bitunix is its trading platform, it is designed to be user-friendly, reliable during high traffic times, and responsive. Users can trade on Bitunix’s mobile app or website. There is not much difference between the two platforms as both offer a live market tracking function, allowing users to monitor real-time crypto prices. 

To provide convenience to users, Bitunix has a technical analysis tool for each of the 180 listed cryptocurrencies that includes a K-line chart function, showing shifting price trends at different time intervals. Traders use this to determine the best time to trade a certain coin. 

Bitunix offers two kinds of contracts that users can trade. These include spot and futures trading, as follows: 

Spot Trading on Bitunix

Bitunix offers spot trading, which is also crypto-to-crypto trading. It offers over 160 different trading pairs that include BTC, ETH, and SOL, among several others. Bitunix’s spot trading consists of limit orders and market orders.

Users can begin spot trading with as little as $1 in USDT. As the platform is well-designed, users can easily buy or sell cryptos. The spot trading platform has a live chart and several other advanced indicators designed to ease user decision-making. 

Bitunix has become a popular choice among crypto traders, offering a wide range of trading pairs with low fees, abundant liquidity, and efficient order execution. 

Futures Trading on Bitunix

In order to start trading futures on Bitunix, users need first to transfer their trading funds from the spot wallet or need as little as $1 in USDT to get started. 

Once the user enters the futures tab, Bitunix’s trading portal will open, directing the user to the trading pair they want to choose. Over 180 USDT margin contract trading pairs on Bitunix offer up to 125x leverage. 

Bitunix also offers cross-margin mode and isolated margin mode, giving traders optimal capital efficiency. This is apart from offering limit, market & plan orders, taking profits, and stop loss orders. 

Bitunix Trading Fees

One of the biggest reasons for Bitunix’s success is its extremely affordable trading fee structure distributed in a tiered system. 

This is a system that is designed to decrease the trading fees as the volume increases. When traders have a higher trading volume, they pay lower trading fees. Bitunix also offers VIP rates for its exclusive members.

Furthermore, unlike several other crypto exchanges, Bitunix does not charge a spread on the purchase and sale of a coin. Instead, it takes a small commission like multiple other exchanges out in the market do. This is done to benefit users as they do not have to worry about paying a “double” commission fee. 

Bitunix Ensuring User & Exchange Security

With the growing number of cyber attacks, it has become vital for users to choose a secure exchange otherwise, they may lose all of their money. Bitunix knows this and, therefore, frequently makes tangible investments in its security structure. In addition, Bitunix also conducts regular security audits and penetration tests. 

This allows Bitunix to see the vulnerabilities that hackers could exploit and fix them before anything happens in real life. This is a reason why so far, Bitunix has yet to experience any hacks. 

Furthermore, Bitunix also prioritizes ethical trading. It not only complies with financial regulations like anti-money laundering and counter-terrorism funding laws but also secures user accounts through the help of two-factor authentication. The wallet balance is saved from potential thefts by preventing unauthorized access to the user account. 

Conclusion

In conclusion, since its inception in 2021, Bitunix has grown exponentially in the crypto sector due to its affordable prices, robust security, user-friendly interface, advanced trading solutions,  guaranteed customer support, and a wide range of cryptocurrencies. 

As it values user privacy, Bitunix is expanding its operations in Latin America, presenting the best solution for the region. Especially because users from multiple Latin American countries are seeking a safe and easy-to-use crypto exchange to receive remittances and secure their finances from rising inflation. 

Additionally, as Bitunix has a no-KYC policy against withdrawal limits of $500,000, this gives an ideal trading solution for Latin American users. Furthermore, as Bitunix aims to become the safest crypto exchange for users, it is also eyeing expansion in other parts of the world and is constantly looking to improve itself. 

Social media links: 

Global Twitter | Spanish Twitter

Frequently asked questions

The post The Non-KYC Revolution: How Bitunix is Attracting Traders with High-Liquidity Trading appeared first on BeInCrypto.

The Bitcoin halving is an essential piece of information for anyone interested in the cryptocurrency market. The intrinsic reduction in the supply of Bitcoin caused by the halving of the reward for mining new blocks suggests that its value could rise in the event of constant or increased demand. 

Since it contributes to Bitcoin’s stability and longevity, the cryptocurrency community is thrilled about the Bitcoin halving. CoinEx’s promotional video captures this excitement, seeing the halving as a time to think about Bitcoin’s market impact and its future, not just as a regular event.

The video aims to show what CoinEx is all about: it has become a go-to place for Bitcoin traders and enthusiasts. It tells the story of Bitcoin as a coin that has overcome many challenges, ready to face the digital world. 

This story celebrates the halving and shows CoinEx as a leader that’s innovative, secure, and focuses on its users. Through this video, CoinEx wants to strengthen its role as a trusted guide in the cryptocurrency world, helping users navigate trading and investing with ease.

CoinEx’s Promotional Video: A Deep Dive

CoinEx’s promotional video for the Bitcoin halving event is a creative journey full of symbols, designed to connect with viewers and crypto fans. It tells a story in several parts, each loaded with meaning about Bitcoin’s growth and CoinEx’s big role in the crypto world.

The video starts with a regular coin that faces many problems, showing how shaky traditional money can be. But when it enters CoinEx’s world, it turns into a shiny Bitcoin. This change shows the move from old money systems to the exciting world of crypto, highlighting what CoinEx brings to the table.

In the middle part of the story, we see all kinds of digital money racing against each other on a computerized racetrack, Bitcoin included, now in its new form. This race is like a story that shows us how competitive and tough the world of cryptocurrency can be.

Thanks to CoinEx’s advanced technology, people who use it can mine quickly and see their digital money grow in value. The race to the Bitcoin halving is full of excitement and requires smart planning and a good strategy to do well in the world of cryptocurrency.

Then, the video shows us what happens behind the scenes at CoinEx. It’s a place where everything is safe and well-organized, and the experts there work hard to make sure the platform is secure and reliable. 

This part of the video highlights how much CoinEx focuses on building trust and keeping things safe by only offering the best digital money and protecting people’s investments with strong security measures.

The video wraps up with a powerful message encouraging people to download CoinEx and start on their journey toward making their own money decisions. This final message wraps everything up by saying that CoinEx isn’t just a place to trade digital money. It’s a gateway to exploring what digital currencies can offer and achieving financial freedom in today’s digital world.

CoinEx’s Philosophy: The Art of Less is More

CoinEx’s video for the Bitcoin halving event goes deep into what the brand stands for, its beliefs, and the main ideas it wants to share, offering much more than just something nice to look at. 

This story really focuses on how CoinEx is always looking to innovate and lead the way in the cryptocurrency world. The video cleverly shows how much CoinEx cares about its users by shining a light on all the different services it offers to make trading not just easier but also more empowering. 

This approach really cements CoinEx’s reputation as a leader in the market, creating a space where users can find not just a place to trade but also valuable insights and guidance.

At the heart of the video is the idea of “less is more,” a concept that runs through everything CoinEx does. This approach isn’t about offering less; instead, it’s about making everything from products to content to user interactions more meaningful, straightforward, and without any unnecessary extras. 

CoinEx’s commitment to this philosophy shows that it wants to offer a trading platform that’s easy to use, where even those new to trading can navigate the often complicated cryptocurrency market with confidence.

Operational Excellence: CoinEx’s Simplified Approach

Keeping things straightforward and efficient is the cornerstone of CoinEx’s business strategy, which spreads through every aspect of the company’s operations. This covers their methods for gaining users’ trust as well as the goods and services they provide, the content they produce, and the user education they carry out. 

For brand trust, CoinEx is serious about following rules and getting the right approvals. They’re big supporters of regulation to make the industry better and are open about how they manage users’ assets. They use audits and special proofs to make sure everyone’s investments are safe.

When it comes to what CoinEx offers, everything is designed to be user-friendly and reliable. They want to make sure users feel comfortable and satisfied, whether it’s through services that make moving money easy or support teams that are quick to help with any issues. They also make sure to only include high-quality, thoroughly checked cryptocurrencies.

Content is another area where CoinEx shines. They aim to deliver information that’s not only current and forward-looking but also easy to understand and engaging. This helps educate their community while keeping everyone involved and interested. 

By breaking down complicated topics into simpler terms and creating content that resonates with younger audiences, CoinEx not only informs but also builds a loyal following. This strategy turns users into passionate supporters who spread the word about CoinEx.

Conclusion: A New Era of Cryptocurrency Trading

CoinEx’s promotional video for the Bitcoin halving event elegantly celebrates this important moment for crypto. The video tells a compelling story, from the evolution of traditional currency to Bitcoin’s triumph, highlighting CoinEx’s dedication to innovation, security, and user-centricity. 

Embracing the “less is more” philosophy, CoinEx simplifies cryptocurrency trading, focusing on transparency, user experience, and accessible content. This approach shows CoinEx’s commitment to providing a streamlined and effective platform for users of all levels. 

Watch the video here and learn more about CoinEx’s services to trade cryptocurrencies with ease!

The post CoinEx Revolutionizes Crypto with Groundbreaking Bitcoin Halving Video appeared first on BeInCrypto.

It differentiates itself with a strong tech proposition: from its unique sharding algorithm called Blockflow, its energy efficiency thanks to Proof-of-Less-Work, its unique Stateful UTXO model & more that will be detailed below! 

But it’s not only the tech. It has a very strong focus on User Experience through its suite of wallets, a strong community, and a striving ecosystem of dApps (including DEX, NFT marketplace, games & others), a bridge to Ethereum with more than 6000 holders of the wrapped asset & millions of TVL. 

Its hackathon with almost 100 participants is currently running, and the next network upgrade reducing the blocktime to 16 seconds and introducing gasless transactions is coming in Q1!

And now, let’s dive into the details.

Security & Expressivity: Stateful UTXO

Alephium is programmable & secure. Alephium introduces the stateful UTXO model offering layer-1 scalability and the same level of programmability as the account model implemented on ETH, whilst being more secure.

The classical UTXO (Unspent Transaction Output) model is famously used to keep track of accounting in the Bitcoin blockchain. It is also found in Bitcoin Cash, Zcash, Litecoin and more…

In UTXO, there are no accounts nor balances at the protocol layer, just transactions. Coins are stored as a ledger of unspent transactions output (UTXO) & new transactions consume existing UTXOs to produce new UTXOs. This model is simple to understand conceptually, it scales well and is very transparent. It has a few downsides: it doesn’t have a state and is not expressive enough for developers, meaning it’s hard to build complex programs on top of it.

The account model is more intuitive and closer to a classic database. It records the increase/decrease in balances of addresses when transactions happen. This structure is more accessible and easier to master for developers, enabling a more “expressive” system: developers can build dApps more easily. The account model also has limitations: parallel execution is hard, MEV is a constant drag, and it often lacks enough security checks to be secure at the smart contract level.

Alephium combines the security of the UTXO model with the expressiveness of the account model. It achieves this by actually using both… but for different things! UTXOs are used for assets/tokens and the account model for smart contracts and states.

The sUTXO is a massive improvement for developers as they can interact with an upgraded account model specifically dedicated to token handling. Lastly, the sUTXO model gives a solid foundation to build smart contracts by giving an assurance of secure asset management. 

Scalability and Sharding:  BlockFlow algorithm

Alephium scales through sharding: its state is divided into groups, and the transactions are processed in parallel by several blockchains to increase throughput. Its sharding algorithm is called Blockflow, and allows for huge UX improvements with single-step cross-group transactions.

Sharding enhances the scalability of blockchain networks by splitting up information across multiple areas or “shards” to increase the throughput capacity. This allows Alephium to handle a lot of transactions per second (400 as of today and more than 10k upon further development). For reference, Bitcoin can handle 7 transactions per second. 

In account-based chains, accounts are partitioned into chains. Because of that, cross-chain transactions require complex mechanisms like bridges or beacon chains and are generally not single-step or uniformly secured, leading to complexity for users and for developers to provide a secure experience.

By contrast, in Alephium, single-step cross-group transactions sets Blockflow apart from traditional sharding algorithms as it offers a more efficient and better developer and user experience due to single-step cross-group transactions.

Energy efficiency: Alephium’s Proof of Less Work (PoLW) consensus mechanism

Alephium is less energy-consuming thanks to Proof of Less Work. It combines physical work and Coin economics to adjust the work required to mine new blocks dynamically. Given the same network conditions, Alephium only uses ⅛ of the energy compared to Bitcoin.

This works by allowing miners to shift, after a certain point, part of their external cost to internal network cost through burning coins.

This keeps the essential mechanics of increasing mining costs while not increasing energy consumption. Therefore, it allows Alephium to reduce its energy consumption without compromising security. 

A unique VM & powerful language & tools: Alphred, Ralph & the Asset Permission System 

Alephium provides a unique tool for devs, its own VM: the combination of Alphred (the VM), Ralph (the programming language) & the APS (Asset Permission System) leads to increased security through built-in controls and checks, exceptional performance, and unique features (such as flash loan resistance) thanks to the UTXO model.

In addition to increasing resilience against MEV with its MEV-aware design, Alephium’s VM addresses the most common attack vectors and security pitfalls of the industry, like reentrancy attacks, unlimited authorization, double dip issues, flash loans, and more!

The Ralph smart contract programming language focuses on three goals: security, simplicity, and efficiency. It was built to be extremely expressive and easy to use, even for beginners Ralph has been tailored to be secure by design as it leverages the built-in features of the VM. 

Alephium’s Asset Permission System (APS) offers a safer and more flexible solution to eliminate Ethereum’s token approval risks. Controlling the flow of assets, APS provides enhanced security and greater control over transactions.

As blockchain technology evolves, innovations like APS pave the way for safer and more robust decentralized applications. Developers and users alike stand to benefit from this improved approach to managing and securing digital assets on Alephium.

Alephium’s Growing Ecosystem

Following its first network upgrade in spring, a ramp-up in communication in the summer, the launch of a Bridge to Ethereum in the fall and new listings at the end of the year, Alephium has bloomed into a vibrant ecosystem & attracted a lot of attention and new users.

Alephium Bridge TVL over time

Source: https://defillama.com/protocol/alephium-bridge

Alephium places a significant focus on UX, and has released a full suite of wallets: a desktop wallet (Mac, Windows, Linux), a browser extension (chrome & firefox), as well as android & iOS mobile wallets. This has helped tremendously to onboard people to its ecosystem! 

Thanks to the bridge, a lot of TVL has migrated to Alephium’s ecosystem, and conversely, more than 6’000 Ethereum addresses now own wrapped ALPH on Ethereum. Uniswap is now one of the biggest trading venues for the token. 

It became much easier for new developers to discover how powerful it is to build decentralized applications there. With the help of Alephium documentation, dApps’ proof of concepts, and workshops, many dApps were developed in the past few months. 

Ayin is the first decentralized exchange (DEX) on Alephium, Deadrare has been the first NFT marketplace & gaming apps like ALPH.bet allow users to experiment with on-chain bets & lotteries of ALPH & other tokens! You can find all of these alph.land, the repository of all things Alephium. And many more are coming with the hackathon.

Lastly, Blockflow Alliance DAO is the first decentralized autonomous organization on Alephium. It is dedicated to boosting adoption & usage, expanding the community, nurturing development & promoting the Alephium ecosystem.

And now what? Hackathon & Network Upgrade!

The ecosystem is growing organically, but Alephium has promoted a few initiatives to incentivize engagement. For the broader community, the Ambassador program has recently concluded its submission phase and is experiencing significant engagement (more than 350 applicants!). The hackathon & the Network upgrade are next!

The developer community was welcomed to participate in Alephium’s first hackathon, called “The Pioneers,” which offers a platform for innovators/developers to test their concepts, gain insights from core contributors, and develop their projects with the opportunity to win over $50,000 in $ALPH prizes. 

More than 1000 builders are participating, and the list of projects that are being worked on is available on their Discord, you can follow the hackathon’s project live! It is also constantly working to list ALPH on additional centralized and decentralized exchanges. 

On the other hand, the core contributors are working on the next network upgrade, called Rhône. It will include interesting features, like block time reduction, which will reduce the time it takes to mine a new block from 64 seconds to 16 seconds, or the support for programmable gasless transactions, which will make it easier to onboard new users. You can follow all these developments on Alephium’s Twitter. Alephium is also working on integrating further into hardware wallets!

Links:

Discord | Telegram | Twitter | Medium | Reddit | LinkedIn | Youtube | GitHub

The post Alephium’s Game-Changing Tech and Vision for a Decentralized World appeared first on BeInCrypto.

Streamr is among such decentralized projects that provide a real-time data infrastructure as it allows data to travel via a global peer-to-peer network that is scalable, robust, and permissionless. Streamr sets itself apart through the use of blockchain technology for data sharing. 

Streamr’s real-time data delivery system operates through the help of a P2P or a Peer-to-Peer network in a pub-sub fashion. Pub-sub or Publish-Subscribe is an asynchronous communication model that supports scalable and reliable communication. 

Similar to BitTorrent, Streamr is a network of nodes that can pipe messages to one another without intermediaries. However, the key difference between the two is that Streamr is for real-time data streams, whereas BitTorrent does not operate real-time data streams. 

Background of Streamr 

Launched in 2017, Streamr was launched by the founders of Streamr, who believed there needed to be a way to connect billions of devices with real-time data through the help of a decentralized network. 

The importance of real-time data must be addressed, particularly due to the growth of DePIN or Decentralized Physical Infrastructure Networks. This is because DePIN helps to move the work of large data centers to non-technical people around the globe, ultimately bringing in huge benefits, particularly of trust. 

DePIN is owned and operated by users, making it neither a public nor a private infrastructure. DePINs allow for building real-time data ecosystems, giving stakeholders the power to add value and additional services that help to support the ecosystem. 

At the same time, for the development of a decentralized future, real-time data is needed as this helps to power decentralized applications or dApps. DApps need external data to function, and if they remain dependent on the existing centralized data networks, dApps will eventually become liable to all the existing problems that are present in Web 2. 

These liabilities include user data being susceptible to cyber attacks, power remaining in the hands of a few, a complete lack of robustness, misuse of private data, monopolistic positions that cause inflated costs, and the risk of a single point of failure. 

These issues bring serious concerns to not only the development of decentralized applications but the entire decentralized internet or Web 3, where the promise is to give users more power over their data through decentralization. 

Development of Streamr

While an ecosystem of decentralized P2P networks already exists, Streamr development takes a completely different approach, focusing on real-time data. Through the help of this real-time data, anyone can publish events on data streams, and anyone can subscribe to streams. 

First and foremost, Streamr is a P2P network that utilizes a Pub-sub messaging pattern, including one-to-many, many-to-many, or many-to-one streaming. This allows DePIN builders to build in a UP, ACROSS, or BROADCAST fashion, depending upon the different use cases.

For example, DIMO, which is an open and user-owned IoT network that uses Streamr, is built in a UP fashion from Miner to Network. With the help of DIMO, developers can easily access barometric pressure, temperatures, and other weather-related data in real-time. This gives developers who require weather data to power their applications an ideal solution.

In the future, DIMO plans to build in an ACROSS fashion, giving miners more flexibility to connect. This will help to ensure that DIMO’s data stream is completely decentralized and not owned or controlled by any centralized authority. 

Streamr 1.0, which is the final milestone in Streamr’s original 2017 roadmap, means when it is implemented, it will lead to the implementation of the network tokenomics, meaning the network is fully decentralized. Anyone can now set up an operator node, and delegators can now delegate their tokens to the operator node. 

The Network Tokenomics of $DATA

Within the Streamr Network, both data publishers and subscribers are Nodes in a P2P network. 

Nodes that are involved in a stream of data connect one another in a certain way, ultimately helping to form the stream’s topology through which the main function of Streamr Network can be performed. 

Therefore, every node that joins a stream does two things: it consumes the data and relays it onwards to other nodes interested in the stream. 

To incentivize good nodes who ensure data flows robustly and stably, the honest and stable nodes are paid, forming the basis of Streamr Network Tokenomics. Streamr tokenomics works similarly to the gas price of Ethereum. In Ethereum, users are constantly in a battle to incentivize miners to execute their transactions faster. 

On Streamr, users have to pay less or nothing at times if they are happy with the best-effort performance. They can also pay to incentivize nodes to make the stream more robust and secure. 

However, it is important to note that Streamr Network tokenomics is not based on buying more access to data on The Hub. On the Network, users pay for infrastructure costs for data delivery. On the application layer, users pay for access to data content. 

Users can use the Network for data delivery without using The Hub, similar to a person who can send and receive packages without ordering products or services from online stores. 

Streamr Stack 

The Streamr infrastructure consists of a tech stack that helps to connect and incentivize computers within a global peer-to-peer network. The entire stack is built on top of a decentralized transport layer, which helps to ensure resilience, fault tolerance, robustness, transparency, openness that comes with decentralization, and community building. 

To facilitate their goal, the Streamr stack offers the following multilayered technology stack:

Streamr Hub

The Hub or Streamr Hub serves as an entry point for developers, helping them to create and connect with live streaming data. The Hub is a portal that leads directly into the Streamr Network and is a step forward towards a more consciously open data approach, all while ensuring it does not undermine any Web3 ethos. 

Other than DIMO, there are several other projects on the Hub. The first includes Polygon, in which Polygon Validators are sharing their validator node’s live metrics. The second includes EthWatch, which broadcasts the live stream of Ethereum and Polygon contract events. 

Other projects that are built using Streamr include Swash, Redstone, and Unbanks. In the DePIN space, they include MapMetrics, IoTeX, and Peaq Network apart from DIMO. 

As the demand for AI is growing, Streamr hub has 90% of the features of an AI marketplace. The smart contracts can be extended to allow users to publish prompts that can get access to the output of a pay-to-access remotely run model.  

In the end, the goal of the Streamr hub is to facilitate the discovery and the delivery of what type of data exists out there, give users a comprehensive toolkit for its creation along with its management, and make it simpler for the users to subscribe to a data stream of their choice. 

Streamr Network 

Streamr Network acts as the “transport layer” of the entire Streamr stack. The network handles all messaging in a decentralized data pipeline. This layer consists of primitives known as events & streams and broker nodes.

The Streamr Nodes operate on primitives, and the collection of broker nodes consists of a P2P network that handles the decentralized messaging. The infrastructure layer, on the other hand, uses the Ethereum stack for its operations as node coordination requires robust consensus, which the smart contract implements. 

Streamr network has multiple different parts, all of which play an important role in transporting data. These include: 

Events

An event is a timestamped piece of information that contains headers and content. Headers provide the metadata of the vent, which includes its timestamp, content type, and origin. The content gives information on what format the content is in. Both are encoded in a binary format. 

Streams

All of the events that occur are a part of the stream. They are grouped in a logically relatable manner and stored in an ascending order. The entire metadata is stored on Ethereum’s smart contract. Streams carry five different pieces of information, namely user ID, name, description, owner, and permissions. 

Publish-Subscribe

The data delivery in the Streamr network follows the publish-subscribe paradigm. Events that occur are promptly delivered to all those who are authorized and subscribed to the stream. This can be limited depending on what kind of access the user has. 

Partitioning (Sharding)

To achieve scalability, not all the Streamr nodes handle all the traffic. This is because the event traffic within the whole network is divided into several independent parts called partitions. Each broker node handles traffic that belongs to a different set of partitions. 

Node Coordination

Streamr uses node coordination, which acts as a key coordinator for the assignment of network partitions to broker nodes in the network. Node coordination also helps to maintain changes when nodes appear and disappear. Streamr network uses its underlying Ethereum network to establish consensus for node coordination in the P2P network. 

Incentivization

Streamr incentivizes Operators (who act as the miners on Streamr) to do two things: report the checksums for their assigned partitions to the network and deliver the data to any smart contract subscribers. To incentivize, Streamr sends them $DATA. 

Event Persistence

For Streamr to turn its entire network into a decentralized time series database, the events in data streams persist in the P2P network. The achieved decentralization allows the Streamr network to achieve greater robustness, fault tolerance, anonymity, and lower costs. 

Data Provenance

To ensure hackers do not manipulate data for their monetary advantage, the Streamr Network cryptographically signs a private key. This helps to attest to the data provenance and ensures that the events on the network always carry a signature that can be verified. 

Data Confidentiality

As anyone can participate in the Streamr network by running a node, all of the event payloads of non-public streams in the Streamr network are encrypted. This encryption is done with the help of asymmetric key cryptography. Such an approach, combined with the help of encryption, brings safety. 

Streamr Smart Contracts

While several Ethereum-based smart contracts support the Streamr Network and The Hub, the Streamr Network also uses its smart contracts. These smart contracts help to improve coordination, permissions, incentivization, and integrity checking. 

Stream

The Stream smart contract is the main smart contract that holds static information and carries the permissions for the stream. 

Stream Registry

The stream registry contract holds important information about the known streams in the network. 

Network Coordinator

The network coordinator contract assigns partitions to broker nodes. These Streamr Nodes register themselves with the coordinator and receive updates on the network state by looking at the smart contract. 

$DATA

Lastly, in the Streamr stack is the $DATA token, which is a means of compensation between the data producers and consumers. It’s an ERC 20 token that ensures that the payments are handled securely. It also provides interoperability with different wallets and other tokens. $DATA has the following main jobs: 

Implement a monetization mechanism for data producers, which helps them act as a data vendor to step in wherever necessary and help the community grow to everyone’s benefit. 

$DATA is also an incentive for maintaining and operating a P2P network, as it takes resources, time, computing power, and communication bandwidth. Without such an incentive, Streamr Nodes will not participate, and the entire P2P network in which the real-time data runs will collapse. 

The primary application of $DATA includes when developers and subscribers pay for the data they want to get access to using $DATA. Additionally, data producers and the network participants are reimbursed for their participation with $DATA securely and automatically. Tokens can also be earned by running a particular node and then staking $DATA tokens on that node. 

Streamr reimburses staking awards through the help of a supply inflation process, which was decided through the help of the project’s governance. In Streamr 1.0, delegated staking was introduced, which allowed token holders to not only run a node but also stake their $DATA in return for a reward. 

Streamr 1.0 – Sponsorships

Stream sponsorships are the final milestone of the Streamr project, as they bring the long-awaited incentive layer that fully activates the $DATA token economy. As streams operate an overlay of the network, stream Sponsorships attract new nodes to join the network. With the help of this, the Streamr network will become more robust from external attacks.

It will also help to prevent the data loss which is caused by node churn. When churn nodes consistently join and leave the stream, it adds instability to the topology, thereby leading to disruption in the message flow. 

In other words, through the help of Sponsorships, Streamr nodes will become bulletproof. 

Sponsorships work through the help of a smart contract that will release funds over time to operators who have joined them. Sponsors will fund sponsorships, as they will be the ones to create them by defining the terms of engagement. 

The smart contract will help to ensure the agreed terms are fulfilled, and then DATA tokens will be transferred. They must deliver on their promise to avoid losing their tokens. 

Operators and Delegators

Operators are Streamr node runners. Operators can join or leave a sponsorship at any given time as long as they agree to the penalties while signing up. Delegators, on the other hand, are the passive liquidity providers for Operators. In return, they will earn revenue from well-performing operators. 

Sponsorship Process 

The lifecycle of the Stream sponsorship will comprise 5 different steps and is as follows: 

Firstly, a sponsorship smart contract will be created, which will describe all policies and parameters. Secondly, sponsors will pay DATA tokens on the agreed terms. Thirdly, operators will join sponsorship by staking on it. Fourth, Operators will join the sponsored stream network and relay data in the stream. 

In the last step, if or when the sponsorship runs low on tokens, they can either be “topped up” or the reward will be given based on the configured emission rate. This process will ensure sponsorship contracts act as a decentralized mechanism that helps to manage a stream of earnings distributed within different operators. 

Advantages over competitors

The unique selling point of Streamr is that it provides a real-time data infrastructure of the decentralized web or Web 3, which already sets it apart from its competitors. There are several other advantages that Streamr brings, but other decentralized data storage projects are unable to do so. Some of these include: 

Ease of mining

Unlike Filecoin, which is one of Streamr’s primary competitors, users have an ease of mining and become a part of the network. In the case of Filecoin, users have to purchase expensive hardware. In addition, users also need to have some experience in systems deployment and administration, which makes it extremely difficult for non-technical people to enter.

In the case of Streamr, the barrier to entry is kept as minimum as possible as the project believes that’s the only way for the blockchain ecosystem to grow. 

Fair token distribution

There’s an ever-existing fear of FIL, which is the native token of the Filecoin network to be dumped by its advisors. This is because, at the time of the launch, almost half of FIL supply was given to the advisors at half its existing price. In fact, Filecoin community members alleged 2020 token dumping when an unknown account received 1.5 million FIL tokens. 

Meanwhile, Streamr has ensured the supply of its $DATA is done reasonably. 

Non-Discriminative

Another key area that helps Streamr set itself apart from other projects is that it maintains a neutral stance on data and content. 

On the other hand, Arweave has a Democratic Content Policy, which creates a potential conflict as network nodes have the power to issue a blacklist against certain data types, thus hindering the idea of an “open economy.” 

Emphasis on adequate user interfaces & appropriate information

Streamr has a major focus on developer user interfaces that are much easier to use and are targeted toward people who have a relatively less technical background. Siacoin, which is one of its main competitors, has yet to offer adequate user interfaces. 

A similar issue is also present with Arweave, where the project developers are unable to provide in-depth information that can help developers when they are building on their stack. What Streamr offers is unique as it provides in-depth, dense knowledge in a relatively easy-to-navigate manner to ensure developers do not face any issues. 

Analysis of Streamr

The importance of data, especially one that runs in a combination of a real-time data market and the data pipeline, all while remaining decentralized, is transformative for the entire Web3, particularly because this gives a decentralized ecosystem exposure to data that has never existed before all while remaining true to decentralization. 

Streamr maintains its tech stack layered and modular to allow non-tech individuals to participate in the network in one capacity or another. 

It also hosts a publish-subscribe mechanism, which is a framework for exchanging messages between publishers and is widely used in Web2 due to its reliability. Streamr uses the same framework while making it decentralized, spread across different nodes rather than concentrated in one area, similar to centralized technologies. 

To ensure transactions are scalable, with minimum latency, Streamr divides its throughput scales linearly. This allows the network not just to scale but also to process millions of events per second. 

Streamr also allows users to sell their data directly, which gives them the power to monetize their data, all while knowing which companies and industries are using their data. Through the help of this transparency, users will be empowered, unlike in a centralized system where power is monopolized. 

Anyone who owns a personal computer or a laptop can become part of the Streamr network by becoming a node operator and earning yield on staked tokens. 

Emerging use cases of Streamr

Proving its versatility and adaptability, Streamr has the potential to revolutionize different industries and applications. Some of the emerging use cases of Streamr include:

[1] Video Streaming

Traditional streaming services often need help with bandwidth limitations and central server outrages. Streamr’s P2P network can help distribute video content more efficiently by reducing latency as stream viewers become P2P distribution nodes as they consume the stream. This will help to improve the user experience. 

[2] Decentralized AI

Streamr helps to provide a strong infrastructure for real-time data collection and distribution. This is critical for training AI models, ultimately ensuring that AI systems can function without the hurdles present within centralized data servers. This helps to enable more efficient and scalable AI solutions. 

The Streamr developer community has already developed the next generation of AI technologies. Some of these AI technologies include the Streamr node AI plugin, AI video distribution, LLM routing, AI chat, Verifiable AI, AI Audits, and AI data crowdsourcing. 

[3] Metaverse Applications

As the need for decentralized data exchanges has become more apparent, Streamr can provide help to the entire Metaverse ecosystem. This can be done by providing a foundation for real-time data transmission that will enhance the interactivity and responsiveness of the virtual metaverse worlds. 

[4] Web 3 Gaming

As the importance of real-time data exchange and decentralized infrastructures is maintained in the fast-growing world of Web 3 gaming, Streamr provides a strong solution. It offers a platform where game developers can build decentralized gaming experiences with real-time player interactions and data exchanges. 

[5] dApp Messaging

Decentralized applications (dApps) at times rely on centralized servers for messaging, which leads towards a contradiction of Web 3 ethos. Streamr brings a solution as it can provide a decentralized messaging platform that enables dApps to embrace decentralization. 

Final Thoughts 

Decentralization is a much-awaited answer that users are looking for due to their declining trust in large corporations. With data becoming an integral part of our day-to-day lives, it is only necessary to ensure it does not become monopolized in the same manner as that of several other industries. 

Projects like Streamr bring an important answer to the problem, giving users the utmost possession and freedom over their data. Streamr allows users to access data in real-time, which empowers the existing infrastructure by allowing it to become more decentralized. 

Streamr is bringing this power transfer to individuals, all while improving user privacy, resilience, fault tolerance, and efficiency. This will help the future of the internet to become more connected and decentralized, with the users having more freedom over their data and power over important decisions.

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The post Unlocking the Future of Data: How Streamr’s Decentralised Network Revolutionizes Real-Time Data Sharing appeared first on BeInCrypto.