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Press Release

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

Team Bitcoin Daily

Published

3 years ago

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

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Press Release

Introducing the Plena App: A Revolutionary Crypto Super App

Team Bitcoin Daily

Published

3 days ago

on

July 24, 2024

By

We are excited to announce the launch of the Plena App, a groundbreaking crypto super app that seamlessly blends the security of self-custodial wallets with the convenience of centralized applications. Today marks a significant milestone in the world of cryptocurrency as we introduce a platform designed to revolutionize how users interact with digital assets.

What is Plena?

The Plena App is an advanced crypto super app that offers users unparalleled security through self-custodial wallets while providing the ease of use typically associated with centralized applications. With Plena, users can invest in over 100,000 cryptocurrencies, manage transactions, perform asset swaps, and bridge assets with just a single tap. This innovative platform leverages Account Abstraction technology, making it the first of its kind in the crypto space.

Key Features

– Self-Custodial Wallets: Plena ensures users have complete control over their digital assets, combining robust security with user autonomy.

– Comprehensive Investment Options: With access to over 100,000 cryptocurrencies, Plena provides diverse investment opportunities.

– Seamless Transactions: Facilitating quick and easy transactions, Plena makes managing your crypto assets straightforward and efficient.

– Asset Swaps and Bridging: The app allows for effortless asset swaps and bridging, enhancing flexibility and usability for crypto enthusiasts.

– Account Abstraction Technology: Plena’s innovative use of Account Abstraction technology sets it apart, offering a unique and superior user experience.

 Launch Details

We are proud to officially launch the Plena App today. This pioneering platform is set to transform the crypto landscape, providing users with a secure, convenient, and innovative way to manage their digital assets.

Contract Address: 0xed68931e351ee97e8f77c64181475a6e3f2bd573

Join us in this exciting new chapter of cryptocurrency innovation. Visit our website or follow us on X to stay updated with the latest developments and features of the Plena App.

For more information, visit our website or follow us on X.

Website: http://www.plena.finance

X:http://x.com/PlenaFinance

Token: PLENA

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Press Release

How Bitcoin Lotteries Work and Differ from Conventional Lotteries

Crypto Chain Wire

Published

4 days ago

on

July 24, 2024

By

The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.

In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.

What is a Bitcoin Lottery?

Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.

Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.

What Makes Bitcoin Lottery Games Stand Out?

Here are the features that make Bitcoin lottery games a top choice for players.

  • Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
  • Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
  • Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.

Regular Lotteries vs. Bitcoin Lotteries: A Comparison

1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.

2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.

3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.

4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.

Why should one try a Bitcoin Lottery?

Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:

• Safe and open: You can verify every single draw and transaction.

• There are no geographical restrictions; play wherever on the planet.

• Cut expenses by means of lower transaction fees.

• Instant Payouts: Get your winnings easily and quickly. 

Bottom Line

With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.

These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.

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Press Release

Introducing Grok-1.5V: Revolutionizing Multimodal AI

Team Bitcoin Daily

Published

5 days ago

on

July 22, 2024

By

We are thrilled to announce the launch of Grok-1.5V, our groundbreaking first-generation multimodal model. Grok-1.5V, the latest innovation in artificial intelligence, promises to redefine how we interact with and understand the world around us. 

Unveiling Grok-1.5V

Grok-1.5V stands out with its exceptional text processing capabilities, but it goes beyond that. This advanced model can now process a wide array of visual information, including documents, diagrams, charts, screenshots, and photographs. This enhancement allows Grok-1.5V to offer a more comprehensive understanding and interpretation of both textual and visual data.

Capabilities

Grok-1.5V is designed to be competitive with existing frontier multimodal models across various domains. From multi-disciplinary reasoning to understanding complex documents, scientific diagrams, and real-world photographs, Grok-1.5V excels. 

We are particularly proud of Grok’s performance in our new RealWorldQA benchmark, which measures real-world spatial understanding. In zero-shot settings, without chain-of-thought prompting, Grok-1.5V consistently outperforms its peers, showcasing its superior capability in understanding the physical world.

Launch Details

Grok-1.5V will be available soon to our early testers and existing Grok users. We are excited to bring this new level of AI understanding to our community.

Join us as we launch Grok-1.5V on BASE at 19:20 Beijing time today. Don’t miss this opportunity to be part of the future of AI.

Contract Address: 0xeeB0Ea9EcD0Ab9a7a210fA66FCf58ce4747235E6

Stay tuned for more updates and innovations from our team as we continue to push the boundaries of what’s possible with AI.

For more information, visit our website or follow us on X.

Website: https://x.ai

X: https://x.com/xai

Token: x.AI

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