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DeFi Yield Protocol (DYP): A Low Cap Gem with High Potential

Team Bitcoin Daily

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The DeFi Yield Protocol (DYP) is proud to announce that its iDYP token will facilitate users to earn more returns in the platform’s new smart contracts. The token is currently available on Binance Smart Chain, Ethereum and Avalanche.  

DYP is touted by some crypto proponents as a low cap gem with 1000x potential. The protocol’s new smart contract strategies for farm, stake, buyback, and governance will utilize iDYP to boost rewards for anyone using DYP products. 

iDYP will work in the background of the new smart contracts, delivering several benefits to users without them having to interact with the token. 

Besides boosting yield for users, the iDYP will put constant buying pressure on DYP tokens for every deposit on the new contracts. It will also introduce new functions in community governance and facilitate the launch of lending and borrowing, among other products.

The reward types and delivery under the new smart contracts will remain the same as in the old contracts. That means anyone using DYP farming pools will continue to earn rewards in ETH, BNB, AVAX, or DYP, while those on stake and buyback will earn DYP rewards. In less than one year, the Defi Yield Protocol has paid out 892 ETH, 7641 BNB, and 12902 AVAX worth a whooping $37,787,844 to users.  

The leader in DeFi solutions will list its iDYP token on top DEX exchanges such as PancakeSwap, Uniswap and Pangolin.

Earn 100% APR with iDYP!

iDYP, the new smart contracts child, is a brilliant investment for DYP holders looking to generate more passive income earning streams.

Every DeFi Yield Protocol address holding at least 1000 DYP or Uniswap LP tokens can claim iDYP bonuses. Moreover, Crypto enthusiasts using various DYP products are also eligible to receive iDYP. Users on farming, vault, buyback and staking contracts will get 10% in iDYP bonuses based on the total value of their crypto funds in DYP.

Anyone holding DYP tokens on TrustWallet, Trezor, Metamask or any other private wallet is also eligible to claim 10% in iDYP. The project team plans to airdrop tokens automatically to eligible wallets before the launch of the new smart contracts.

The airdropped iDYP has a maturation period of 1 year. However, users can start earning 100% APR immediately by staking their tokens on DeFi Yield Protocol. 

The DYP Protocol Snapshot

DYP protocol will take a snapshot of each wallet to assess the available DYP balance. The snapshot cycle will take place from October 18th to 24th. During this week-long snapshot cycle, the daily average DYP holdings will determine which contracts and addresses qualify for iDYP distribution.

Wallets that fail to meet the minimum 1000 DYP or LP token threshold aren’t eligible for iDYP. Moreover, DYP tokens on exchange addresses, locked for vesting, or managed by the protocol aren’t eligible.

A total of 300 million iDYP tokens is available for distribution to eligible wallets and the larger DYP community under a ten-year allocation plan. The exact amount the protocol will airdrop to eligible addresses will be determined after the snapshot cycle is complete.  

iDYP holders can sell their airdrop tokens on PancakeSwap, Uniswap, Pangolin and other DEX exchanges based on the vesting distribution.

iDYP Allocation to the Community

The DYP team plans to hold a special iDYP token allocation for the community. Crypto users holding DYP or using any of the platform’s DeFi solutions can apply for the whitelist to participate in the community allocation. The whitelisting process is scheduled to take place from October 18th to 24th.

Community members from Ethereum, Avalanche and BSC chains can participate in the sale using any supported tokens (ETH, BNB, AVAX, USDC, USDT, and BUSD). Eligible addresses will receive iDYP at a discounted rate from the token’s listing price. 

All tokens sold in the community sale will be vested and released after three months. Accepted wallets can stake iDYP immediately to start earning 100% APR or sell their holdings during a three month period.

The DYP protocol team will use all raised funds in the community allocation to increase liquidity on DEXes for iDYP and DYP tokens. Some of the funds will go into project development and team expansion.

50% of the token supply will be reserved for offering eligible pool rewards to users of DYP products. After the airdrop and community sale, the remaining tokens will serve various purposes, such as providing initial liquidity on DEX exchanges and compensating team members.

The DYP ecosystem has reached yet another significant milestone with the rollout of iDYP for its new smart contracts. To learn more about the project and interact with community members, please check out the resources below:

Website| Announcements | Discord | Twitter | Telegram | GitHub | YouTube

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Press Release

Limoverse’s Vision for Web3: Token Burn, Roadmap, and Leading the Wellness Frontier

Crypto Chain Wire

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In an electrifying move in an otherwise quiet crypto market, Limoverse successfully completed its much-anticipated Token Burn Event! 

The buzz surrounding this event is palpable, and for good reason. It all starts with Limoverse’s unwavering commitment to transparency and its thriving community. Limoverse places its community at the core of its mission, emphasizing transparency, empowerment, and token appreciation for its dedicated users and token holders.

But what exactly is a token burn, and why is it generating such excitement? The answers to these questions are pivotal to understanding the magnitude of this event. Token burns are akin to enchantments in the realm of cryptocurrency. When tokens are subjected to a burn, they are permanently removed from circulation. This action not only diminishes the overall token supply but also heightens its scarcity, elevating the value of each remaining token. 

Limoverse is taking token burns to the next level by introducing a pioneering algorithm that links token burns to real-world achievements. For every kilometer run and every calorie burned within the Limoverse app, an equivalent quantity of Limoverse tokens will be incinerated. Yes, you read that correctly! As users stay active and embrace a healthier lifestyle, the token supply shrinks, thereby augmenting the value of Limoverse tokens. This innovative approach ensures that your journey to improved health and fitness also translates into the growth of your investment. A true win-win!

$LIMO Tokens have a total supply of 10 Billion tokens and the burn event saw 86,494,575 LIMO tokens being burnt and taken out of supply.

Limoverse’s commitment extends even further. “We are delighted to declare that all unredeemed rewards from our HealthFi Rewards Pool have also been subjected to a burn. This strategic move firmly underscores our dedication to forging a sustainable token economy, guaranteeing that each Limoverse token serves its utmost purpose” says Sajeev Nair, founder and chairman of Limoverse.

Talking about what the future holds for Limoverse, he further added. “Shortly, we are set to launch our most awaited projects: ModiFi and CreatFi, which will solidify our position as the most comprehensive health and wellness ecosystem in the web3 world. ModiFi is designed to empower users to flourish in all dimensions of wellness, from physical and mental health to spiritual well-being. The core focus lies in uniting top-tier wellness practitioners with advanced health tracking and AI capabilities, enabling users to take charge of their holistic wellness journey like never before.

Through self-paced courses and personal coaching, CreatFi will offer a gateway to personal growth and holistic well-being, cementing Limoverse’s reputation as a leader in the Health and Wellness space.

About Limoverse

With a vision to become the largest digital health economy in the world, Limoverse’s LIMO tokens are currently trading on Poloniex, Bitmart, and Pancakeswap exchanges. As the token expands its presence, Limoverse continues to break new ground in the health and wellness industry, leveraging Web 3 technology to empower individuals and communities alike.

Currently, the Limoverse ecosystem provides users with the option of earning rewards when they walk, jog or run and also when they burn calories thus keeping them motivated and incentivized to stay healthy through the HealthFi program. 

You can download the Limoverse App from both Google Play and App Store. Be sure to visit the official website and join our Twitter, Telegram, and Instagram to stay updated with all the latest news and developments.

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Wemade launches Drops NFT auction service on WEMIX PLAY 

Crypto Chain Wire

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  • Game NFTs and special NFTs will be available through English Auction on Drops 
  • NFT auctions for new games Melting Earth, Ballies and Yield KingZ, will be held sequentially until Thursday, October 12th

Leading South Korean game developer Wemade today launched the new Drops NFT auction service on its WEMIX PLAY global blockchain gaming platform. 

Drops will auction off game NFTs and special NFTs minted by various games available on WEMIX PLAY. Players can use WEMIX$ to participate in the auctions which uses the same English auction method as the WEMIX3.0-based DAO & NFT platform NILE (the highest bid is determined as the final winning price). 

To commemorate the launch of Drops, NFT auctions for three new games – Melting Earth, Ballies and Yield KingZ – will be held sequentially until Thursday, October 12th.

Melting Earth is a Metaverse real estate game to restore polluted earth and become the owner of new land; Ballies is an original strategy card game that combines basketball and fantasy elements into a new experience; and Yield KingZ is a Social Casino Game-Fi leveraging benefits of WEB 3.0 based on blockchain.

WEMIX PLAY is the top global blockchain gaming platform with more than 9 million cumulative users. It offers everything from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, multiplayer online battle arena (MOBA), and massively multiplayer online role-playing games (MMORPG); to casual, social networking (SNG) and sports games. 

For more information about the NFT auction service Drops and WEMIX PLAY: https://wemixplay.com/nft/drops/all.

About WEMADE

A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information.

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Chooky Becomes Official Racing Sponsor of Meadowlands Sports Complex

Crypto Chain Wire

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Chooky, the pioneering cryptocurrency platform, is thrilled to announce a groundbreaking partnership as the Official Racing Sponsor of the Meadowlands Sports Complex. This historic collaboration cements Chooky’s position as the very first cryptocurrency to sponsor this iconic sports and entertainment venue, ushering in a new era of crypto adoption and engagement.

Meadowlands Sports Complex: Nestled in East Rutherford, Bergen County, New Jersey, the Meadowlands Sports Complex is a renowned sports and entertainment destination, overseen by the New Jersey Sports and Exposition Authority (NJSEA). The expansive complex encompasses several world-class facilities, including:

MetLife Stadium: The hallowed ground of the New York Giants and New York Jets of the National Football League (NFL).

Meadowlands Racetrack: A prestigious harness racing circuit renowned for hosting the annual Hambletonian Stakes.

Quest Diagnostics Training Center: The dedicated practice facility for the New York Giants.

American Dream: An innovative retail and entertainment destination, housing the Metropolitan Riveters of the Premier Hockey Federation (PHF).

Meadowlands Arena: A storied venue, once home to the New Jersey Devils of the National Hockey League (NHL), Seton Hall University’s men’s basketball team, and the now-Brooklyn Nets of the National Basketball Association (NBA).

Additionally, the Meadowlands Sports Complex proudly houses the largest sportsbook in the world – FanDuel Sports.

Chooky’s status as the Official Racing Sponsor of the Meadowlands Sports Complex marks a significant milestone in the world of sports sponsorship and cryptocurrency. As part of this historic partnership, Chooky will be prominently featured in commercials during the complex’s live stream, which boasts a daily viewership of millions of users. This presents a unique opportunity to connect with sports enthusiasts and crypto advocates alike. The first commercial of Chooky is set to air on September 30. 

But that’s not all. Chooky’s presence will be felt even more tangibly as a full-page advertisement graces all racing forms and Meadowlands media. This means that every visitor to the Meadowlands, whether drawn by the allure of horse racing or other electrifying entertainment, will be greeted by the captivating $CHOO ad. It’s an invitation to explore the world of Chooky, offering an enticing way to invest and be part of this vibrant cryptocurrency community.

In celebration of this monumental partnership, the Meadowlands Racetrack will host the “Chooky Inu – $CHOO” race on September 30, 2023. Following the race, an official presentation honoring Chooky will be held in the winner’s circle, marking the beginning of an exciting journey together.

Papi, CEO of Chooky, enthusiastically remarked, “This sponsorship of the Meadowlands Sports Complex is groundbreaking for the simple fact that we are the first and only crypto sponsor of theirs. We believe in the potential of cryptocurrencies to reshape industries, and this partnership exemplifies our commitment to innovation and community engagement.”

This sponsorship marks the beginning of Chooky’s comprehensive web2 marketing plan, with more exciting initiatives and engagement opportunities on the horizon. Stay tuned as Chooky’s journey with the Meadowlands Sports Complex unfolds, promising a fusion of sports, entertainment, and cryptocurrency like never before.

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