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Earn a 7% interest with a EURO stable coin and access DeFi through EURxb.finance

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2 years ago

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In the cryptocurrency industry, there is a growing shortage of stablecoins pegged to the Euro. With the help of EURxb, that situation will change for the better. The fact that users earn 7% interest by holding it in their wallets makes it more appealing than traditional tools on the market.

Very Few EUR-Based Stablecoins

Looking at the current cryptocurrency landscape, it is evident that stablecoins are gaining even more traction. As a digital version of fiat currency, these assets offer tremendous potential for entering and exiting cryptocurrency positions. However, most stablecoins are pegged to the US Dollar rather than other fiat currencies.

For example, when it comes to the Euro, only a few options exist on the market today. Assets such as STATIS EURO (EURS), sEUR, and eToro Euro (EURX) are all accessible, but have not been able to match the uptake of their much larger USD-based alternates.  Newer stablecoins (including the aforementioned EUR-pegged ones) have not yet been able to offer a great enough differentiator to draw away supporters from the first mover giants in this industry.  A missed opportunity, as there is much more one can achieve when re-imagining pegged currency coins.

To take this industry to a whole new level, the EURXb.finance team introduces the world’s largest Euro-based stablecoin. Rather than focusing on just buying cryptocurrencies, this asset has other exciting benefits to explore. Bringing the earning potential of decentralized financial solutions to the mainstream requires access to more financial instruments. With a robust ecosystem to tokenize registered and regulated bonds, the team will explore new options to connect these markets.

Bridging Rather Than Replacing

For years, the main appeal of cryptocurrencies is how they will eventually disrupt traditional finance. Many enthusiasts expect Bitcoin to become the new global reserve currency, even though that may not happen anytime soon. By creating the first open platform to bridge between registered, regulated securities and Ethereum DeFi, the EURxb.finance protocol changes the narrative altogether.

Through this new approach, institutional investors can use their registered investments as collateral for decentralized finance. Doing so unlocks unique benefits, including a fixed 7% annual yield on their holdings. Additionally, it is possible to purchase decentralized finance instruments and vehicles via supported pools and platforms. 

Giving institutional investors a way of engaging with DeFi creates a more inclusive ecosystem. Investors in the supported securities can put their ISIN-registered vehicles to good use. EURXb.finance takes the standard  75% debt to asset over-collateralization management principle and tokenizes it to create a parallel of the bond on Ethereum. The tokenization of underlying assets through the ERC-721 standard ensures everyone can track the details of every token, and EURxb.finance’s protocol locks these tokens in smart contracts to create Eurxb Bond Tokens (EBND). 

How Does It Work?

The EURxb ERC20 token is issued on the Ethereum blockchain and accrues real-time interest by keeping it in one’s wallet. Per year, hodlers can expect a return of 7%, which is far beyond traditional cheque or savings account options today – which is what a stablecoin could compare to.  Every EURxb is collateralized by green bonds, which will adhere to the ISIN Registered Secured Bond standard which means every Bond NFT is overcollateralized by 133% in tokenized real-world assets as security. 

To ensure the flat 7% annual yield, EURxb.finance relies on Euro-denominated Secured Green Bonds issued by Miris AS. Every bond provides a fixed yearly yield of 7%, which translates to the same EURxb tokens ratio. 

To ensure decentralised control, an XBE governance token will be split to market makers across Uniswap and Balancer during the launch event. With 4 pools accessible to market makers during the first seven days of launching, every pool will represent an equal share of 3,000 XBE. Users will be rewarded based on their share per pool. On Day 2 the project already reported $2.7 million in liquidity across the launch pools, confirming initial interest from the market. 

These 12,000 tokens (of the 15,000 total tokens issued – 3,000 being locked up for the community to use as treasury and further the project) are distributed to the community through the liquidity event to use as they see fit. Holders of XBE can manage and govern the EURxb protocol. Furthermore, token holders will decide how the planned Vault fees are allocated. Unlike speculative governance tokens, the team behind the launch have stated XBE will have no value. 

Closing Thoughts

It is evident that the appeal of DeFi in its current shape mainly caters to existing cryptocurrency users and enthusiasts. Attracting traditional investors will require institutional-oriented solutions. EURxb.finance provides exactly that: it lowers the entry barriers by using regulated portals and conventional assets.  There is no reason for DeFi and traditional securities not to co-exist.

By leveraging the best of both worlds, the team can establish a bridge between finance and DeFi. More importantly, this approach has a broader international appeal due to its Euro-based process. Combined with the 7% annual yield, securities investors have multiple reasons to diversify their portfolios even further.

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$200,000 Fast Money Challenge: A Double Prize for the Leader Based on 4 Tournaments

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3 months ago

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March 16, 2023

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The $200,000 Fast Money Challenge tournament series begins. Use your chance to compete for 4x times more prize places! The event includes four rounds (tournaments), each with 20 winners.

And the series leader will get double lucky! The player who scores the highest in any round relative to the entire series will get two prizes – the one they receive for winning the round plus an extra $40,000 💰

Join the fair competition of the transparent blockchain casino and grab your share!

Tournament series schedule

  • Round I: March 1 to 7
  • Round II: March 8 to 14
  • Round III: March 15 to 21
  • Round IV: March 22 to 29

Participation terms

Get rakeback in TFS Tokens for placing bets and move up the leaderboard! In each round, the 20 participants with the most TFS mined will share $40,000:

  • 1st place $20,000
  • 2nd place $4,000
  • 3rd place $3,000
  • 4th place $2,000
  • 5-10th place $1,000
  • 11-20th place $500

The series prize pool is $160,000. And the series overall champion will get $40,000 on top of the reward they win in any round.

The transparency of the results is guaranteed by the blockchain. All players’ bets are recorded on the immutable blockchain, so you can always view any of your bets via Trueplay Explorer. Just copy your ID and paste it into the Explorer search bar.

Join the tournament and get rewarded!

About Fairspin

The Fairspin online casino was founded in 2018. It operates under the Curaçao eGaming license and is a fully transparent platform where users can check their bets and other gaming actions through the blockchain. That has become possible because of Trueplay Explorer, which records everything taking place on Fairspin and makes it available for viewing.

Fairspin provides more than 5,000 games by 70+ providers translated into 20+ languages.

The casino has its own digital asset – TFS Тoken. It can be bought or sold on the exchange and earned via our special loyalty program. We have released a limited number of TFS Тokens and are making sure the rate between TFS and USD remains stable.

There are two programs based on our TFS Тoken:

Play To Earn: users get rakeback (refund) in TFS for bets in each game. They can use the received tokens for holding, sell them, or continue playing.

Hold To Earn: this is an opportunity to hold TFS and then receive a percentage of the casino income in tokens as a reward. There are three holding programs: for 8 hours, 1 day, or 3 days. The average APR of the Hold To Earn program can reach 500%. Moreover, it is fully safe since even if the casino does not have income, the user will, in any case, get all the tokens they staked.

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LedgerFi’s ($LFT) Token Pre-sale: More than 8% sold out in less than 30 min on XDC Sale

Crypto Chain Wire

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3 months ago

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March 15, 2023

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LedgerFi, a leading decentralized web 3.0 secure communication platform built on the XDC Network, is excited to announce that their token sale will commence on March 14th, 2021 on XDC Sale. The token sale will offer investors the opportunity to purchase the native $LFT tokens of LedgerFi and join an innovative ecosystem of Decentralized Communication Service integrated with Decentralized Finance for enabling the seamless exchange of digital assets through a unified platform. 

LedgerFi has envisioned to become the world’s first Decentralized Digital Asset Exchange (DDAX) platform through which users can transfer all types of digital assets with a military grade security, cryptographic encryption, privacy and prevention from cyber attacks using the power of Blockchain technology.

LedgerFi is a one-stop-shop for DeFi users that provides access to various communication protocols and services in the industry such as Ledger Mail which is already live in the market and it has 750K users exchanging 2M+ emails,and upcoming products like

  • Ledger Chat: The Decentralized Instant Messaging Solution enabling users to instantly chat with peers without worrying about centralized governance. LedgerChat allows users to seamlessly communicate with each other without compromising their Digital Identity & Data Sovereignty. It’s in beta at the moment.
  • Ledger Live: The Decentralized Audio & Video Call Platform allows individuals & businesses to connect with each other in real-time. The centralized access point utilized in conventional VoIP solutions is eliminated with blockchain based communication technologies. Eliminating the hassle of handling centralized, cumbersome & hackable legacy platforms with the high-performing next-gen solution. Instead, a blockchain based communication system sends the signal from the calling party to a receiving number, which is then replaced by a dispersed network shared by all network users.
  • Ledger Pay: The Decentralized Cross-Border Remittance platform providing human-readable, interoperable & lightning-fast payment transfer capabilities for financial inclusion of the unbanked individuals.
  • Ledger Mint: Metaverse Interconnected NFT Transfer Hyper-personalized social connectivity for transferring, exchanging & showcasing NFTs and other digital assets through an interactive & interconnected platform.

Token Sale Details

  • Presale Address: 0x7db6AaF98bDFE47f197a3b1bbC3Cfe6CB0f302c4
  • Token Address: 0x65d358C56Ff2E64C007060D5D4dF308986734f5C
  • Total Supply: 400,000,000 LFT
  • Soft Cap: 7,500,000 XDC
  • Hard Cap:15,000,000.0 XDC
  • IDO Rate: 1.5 LFT per XDC
  • Listing Rate: 1.0 LFT per XDC
  • Liquidity %: 51
  • Min Contribution: 4,000 XDC
  • Max Contribution: 400,000 XDC
  • IDO Start Time: 14 Mar 2023, 19:30
  • IDO End Time: 05 Apr 2023
  • Liquidity Unlock Date: 05 May 2023

About LedgerFi

LedgerFi provides a web 3.0 communication service built on blockchain technology for secure communication through email, chat & payment applications. LedgerFi provides blockchain based Decentralised communication service & Decentralised Digital Assets Exchange for secure communication.

Media contact

ZEX PR WIRE

ag@zexprwire.com

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Firework Games Studio Builds its first Battle Royale Game – SPARK ERA, with Security and Stability on AWS

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Published

9 months ago

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September 6, 2022

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Firework Games has been working with the leading cloud infrastructure provider Amazon Web Services (AWS) on the upcoming release of the first-ever 3D space battle-royale game embedded with a reinforcement learning element (Companion NPC AI). Since the last article  about the SPARK ERA – AI-Enhanced NPCs, Firework Games has been working on integrating and introducing this feature for the first time in a galactic-based battle-royale MMO game.

Firework Games has worked very closely with AWS to bring this innovative feature to players. The integration of AWS services such as Amazon EC2, Amazon S3, Amazon RDS, Auto Scaling has allowed the studio to build a scalable and reliable game server architecture that can handle the high concurrency and intense load expected during the launch of SPARK ERA. In the upcoming days, Firework Games plans to use AWS’s AI / ML services to provide an enriched player experience by automatically extracting in-game information like character names, weapons, and gear from images and text within game videos.

Using the AWS Enterprise On-Ramp support plan, the studio was able to quickly reap the benefits of a well-planned approach through infrastructure event management (IEM), AWS best practice guidance and communicating with global AWS experts to ensure SPARK ERA’s security and stability. In particular, AWS GPU cloud services are now helping the studio to accelerate their AI models. 

“Integrating AWS’s services into our game architecture has allowed us to focus on what we do best—building an amazing 3D space battle royale game with companion NPC AI,” said Moses Ip, CEO of Firework Games. “We are excited to be able to leverage the power of AWS to bring even more innovation to our players.”

About Firework Games

Firework Games is a game development company committed to using cutting-edge technology in its games. The infrastructure is built with gaming in mind, allowing for unique gameplay experiences. Immersion and mobile apps are emphasized at the Studio, allowing players easy access to our games while integrating innovation throughout our ecosystem into the gaming business.

R&D is also the firm’s major focus. The goal is to create an immersive metaverse predicted by AI based on each user’s prior behavior. While users can be in the same dimension, their perception is unique — tailored to each user’s desires. In brief, our developers are former Tencent and NetEase, and we have AI scientists in California. The first game that we developed is Spark ERA – Echo to Universe. The beta version is currently open on PC/VR, and the official launch of the Android/iOS in August 2022.

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Moses Ip – CEO of Firework GamesThe Official Links: Twitter | Telegram | Discord | Website | Metaverse

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