Connect with us

Press Release

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

Team Bitcoin Daily

Published

on

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

Continue Reading

Press Release

Zeebu Takes ETHDenver by Storm as Cypher Sponsor, Presents ZBU Governance Hackathon with Prize Pool of Over $45K in Prizes, $2M in Grants

Crypto Chain Wire

Published

on

Zeebu’s participation and sponsorship at ETHDenver spotlight the future of DeFi and blockchain governance, setting a new standard for community and developer engagement.

Zeebu, a pioneering force in the DeFi and Web3 space, announces its participation as a Cypher Sponsor at ETHDenver, the world’s largest and longest-running ETH event, taking place from February 23rd to March 3rd. This sponsorship marks Zeebu’s commitment to nurturing the Web3 community, fostering innovation, and promoting the spirit of #BUIDLing. With a series of keynotes, hackathons, and unique community engagement initiatives, Zeebu aims to inspire and catalyze the next generation of blockchain brilliance.

“ETHDenver represents not just a community gathering, but a melting pot of ideas shaping the future of blockchain. We’re here to be a part of that future—to contribute, learn, and grow with the community,” says Raj Brahmbhatt, Founder and CEO of Zeebu. “Our involvement as a Cypher Sponsor underscores our belief in the power of community-driven innovation and our commitment to the DeFi ecosystem.”

At the heart of ETHDenver, Zeebu will be a participant and a significant contributor, supporting the future of blockchain and connecting with industry peers, innovators, founders, developers, and the broader Ethereum community. The event will feature Zeebu’s team delivering insights into the future of decentralized finance and Zeebu’s role in revolutionizing the telecom settlement process with Web3 technologies.

“DeFi is at an inflection point, and at Zeebu, we are at the forefront of harnessing its potential to transform industries. Our presentation at ETHDenver will shed light on where we see the space heading and how Zeebu is leading the charge in making these technologies accessible and impactful,” shares Keshav Pandya, Co-founder & COO of Zeebu.

Adding to the excitement, Zeebu announces an exciting lineup of events and initiatives, including:

ZBU Governance Innovation Hackathon

Zeebu is set to host the ZBU Governance Innovation Hackathon, challenging participants to create groundbreaking solutions for blockchain governance. With prizes totalling $48,000 USDC for the winners and special grants worth up to $2 million in ZBU tokens for budding projects, the hackathon represents a significant opportunity for developers and startups to impact the future of Zeebu’s blockchain ecosystem.

Booth Donation Initiative

Zeebu is donating its booth space to showcase emerging talents and projects, emphasizing support for the community’s growth.

Empowering Innovators: Sponsorship for Developers

By sponsoring over 100 developers, Zeebu aims to boost innovation and support new talents in the Ethereum ecosystem.

Zeebu’s Visionaries Share Their Insights

Raj Brahmbhatt and Keshav Pandya, Zeebu’s leading minds, are set to deliver talks on the transformative impact of DeFi and Zeebu’s role in shaping the future of payments technology.

The ten-day event will begin with ETHDenver’s flagship hackathon, dubbed #BUIDLathon, and progress into the Main Event beginning February 29, 2024. The event will feature an NFT gallery, gaming arcade, workshops, networking gatherings, and more.

For more information on Zeebu, please visit zeebu.com.

About Zeebu

Zeebu, the pioneering Web3 Neobank, having settled more than $900M in telecom transactions, is quickly emerging as a trusted payment and settlement partner for global telecom businesses. Currently serving over 100 active telecom carriers, the platform is revolutionizing the industry by introducing blockchain-based settlements and the ZBU loyalty token. The ZBU token facilitates instant and secure global transactions and rewards participants for successful settlements on the platform.

Continue Reading

Press Release

Web3 Neobank Platform, Zeebu Unveils Major Token Burn Through Phoenix Protocol

Crypto Chain Wire

Published

on

Zeebu, the Web3 Neobank platform, has recently announced a strategic move to introduce the ZBU Phoenix Protocol. This initiative, aimed at optimizing token supply, underscores Zeebu’s commitment to build an ecosystem with a foundation of trust, backed by transparency and sustainability. 

Zeebu is a blockchain-based platform, specifically engineered for telecom transactions. It aims to revolutionize the sector by enabling automated settlements, facilitating seamless global payments, and bolstering efficiency and security through a unified telecom payment ecosystem. The ZBU token is a key component of the Zeebu platform. It plays a pivotal role in enabling smooth global transactions and introducing an on-chain loyalty mechanism. The ZBU loyalty token serves to incentivize and reward partners within the ecosystem for their active participation.

At the core of Zeebu’s ethos lies a steadfast commitment to revolutionizing finance and fostering sustainable growth. With the introduction of the ZBU Phoenix Protocol, Zeebu reaffirms its dedication to enhancing the long-term value proposition of the ZBU token in the market. The ZBU Phoenix Protocol, inspired by the symbolic cycle of rebirth and renewal associated with the phoenix, is meticulously crafted to strengthen the ZBU ecosystem’s health and stability.

The ZBU Token Burn Program is designed to systematically reduce the total supply of ZBU tokens, thereby enhancing market stability and fortifying the foundation of the Zeebu ecosystem. Through a carefully calibrated auto-burn mechanism, Zeebu will dynamically adjust the burn quantity based on consumption patterns and market prices, ensuring a balanced approach to token management.

Transparency and accountability are at the forefront of Zeebu’s operations. Each token burn event will be meticulously recorded and publicly accessible on the blockchain, providing stakeholders with full visibility into the process. Additionally, a portion of the tokens from the accumulated burning pool will be allocated towards new initiatives, further enriching the Zeebu ecosystem.

“The ZBU Token Burn Program reflects our commitment to innovation and sustainability in the decentralized finance space,” said Raj Brahmbhatt, the CEO and Founder of Zeebu. “By implementing this initiative, we aim to ensure a stable market presence of $ZBU token, while also promoting ecosystem growth.”

As Zeebu continues to spearhead innovation in the realm of decentralized finance, the ZBU Token Burn Program serves as a cornerstone of its strategic vision. By reducing token supply systematically and transparently, Zeebu is poised to create a more resilient and prosperous financial ecosystem for all stakeholders.

Zeebu is gearing up to release more specifics about the timeline and quantity for the ZBU token burn. The comprehensive information about the Phoenix Protocol can be found here.

About Zeebu:

‍Zeebu, the pioneering Web3 Neobank, having settled more than half a billion in telecom transactions, is quickly emerging as a trusted payment and settlement partner for global telecom businesses. The platform, currently serving over 100 active telecom carriers, is revolutionizing the industry with the introduction of blockchain-based settlements and the ZBU loyalty token. The ZBU token is designed to facilitate instant and secure global transactions and reward participants for successful settlements on the platform.

Continue Reading

Press Release

una Messenger: The Omnichain Communication Platform For a Truly Unbound Universal Blockchain Ecosystem

Crypto Chain Wire

Published

on

  • New, evolved iteration of “PAPYRUS” token-gated messenger creates and links vast communities connected through tokens within the blockchain ecosystem
  • Upcoming “una Swap” feature facilitates asset swaps across multiple chains in a single transaction; “mudskipper” function automatically acquires native coins required to complete each transaction
  • unagi Naming Service (uNS) replaces lengthy wallet addresses with a unique personalized identity

una Messenger, the new, evolved iteration of the “PAPYRUS Messenger” token-gated communication platform, was revealed on February 11 by leading global web3 developer Wemade as the comprehensive communication platform of the WEMIX Foundation “unagi” omnichain initiative. unagi (shorthand for “Unbound Networking & Accelerating Growth Initiative”), pioneers the mass adoption of blockchain by seamlessly integrating diverse blockchains and services. 

Unbound and transparent communication

Going beyond its origin as a platform for WEMIX-based communities, una Messenger creates and links vast communities connected through tokens within the blockchain ecosystem. una Messenger offers both official channels for each token that any holder can join and private channels that are accessible based on each holder’s digital assets where you can chat about tokens, NFTs, and other various topics. This innovative communication approach for exchanging opinions and assets is done by connecting all blockchain networks and digital assets supported by unagi through either una Wallet, WEMIX Wallet, PLAY Wallet, or Wepublic Wallet.

The first step as una Messenger begins with the integration of Wepublic Wallet and DAO. The Wepublic platform launched by Wemade, which utilises blockchain technology, is a platform that allows users to create and transparently operate their own decentralised autonomous organisations (DAOs). With the inclusion of the Wepublic Wallet to the existing supported wallets, all DAOs active within Wepublic can now establish new communication channels using una Messenger. Moreover, SBT(Soul Bound Token) issued within DAOs will serve as Proof of Qualification for entering DAO channels in una Messenger, facilitating more active communication between DAO members in each channel.

una Messenger also promises to deliver much more vivid and meaningful communication via the upcoming live streaming chat feature. Live Streaming will not only help boost interaction and engagement between users, but also build and expand the shared communities connected through una Messenger. 

New omnichain interactive DeFi features

The upcoming “una Swap” feature facilitates asset swaps across multiple chains in a single transaction. Now, both ideas and assets can be easily exchanged across all chains within the networks supporting the unagi initiative including Arbitrum, Avalanche, BNB Chain, Ethereum, Optimism, Klaytn, Kroma, Polygon and WEMIX3.0. 

una Swap 2.0 will introduce the “mudskipper” function designed to streamline asset transfers across multiple chains while alleviating concerns about possessing network-specific native coins required for gas fees. Simply put, “mudskipper” will automatically process cross-chain swaps and transactions by acquiring the native coins required to complete each transaction.

Another una Messenger innovation, the unagi Naming Service (uNS) will revolutionise user experience by providing a convenient solution that allows users to replace lengthy wallet addresses with a unique personalised identity. This not only simplifies asset exchanges but also fosters a more engaging communication environment.

With the introduction of innovative features like una Swap and live streaming, and a novel approach to omnichain interactive DeFi, una Messenger has evolved into a unified communication platform that enables the creation of immersive and dynamic user experiences. una Messenger is the one and only communication platform for a truly unbound universal blockchain ecosystem.

Download una Messenger from the Google Play Store or Apple App Store, or visit www.unamessenger.com for more information.

About Wemade 

WEMADE aims to accelerate the mass adoption of blockchain technology, and is building through its WEMIX subsidiary, an experience-based, platform-driven, and service-oriented mega-ecosystem. Based on the WEMIX3.0 Mainnet, the WEMIX ecosystem features a wide spectrum of intuitive, convenient, and easy-to-use Web3 protocols and services. www.wemade.com / www.wemix.com/communication 

Continue Reading

Trending