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Ethereum standard hashrate token–EHash: the innovative pioneer of hashrate token 2.0

Team Bitcoin Daily

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Problems such as the high threshold for individuals to participate in mining, the difficulties in communicating with custodians of mining machines and the daily operation and maintenance of mining machines have discouraged many entry-level investors. The mining costs and difficulty level for ordinary participants have increased significantly, and the era of exponential growth in the mining industry is gone forever.

Many cloud computing platforms have emerged in recent years. Users no longer need to purchase mining machines. They can enjoy mining income just by purchasing hashrate contracts. However, due to insufficient information disclosure by the platforms about mines, mining machines, teams, etc., it is difficult for users to judge the hashrate quality, real-time operation status, and real income data, thereby exposing themselves in huge risks.

To solve the problems mentioned above, EHash dares to be the first. The team integrates industrial resources and adopts intelligent operation and tripartite model of supervision, to effectively solve the challenges faced by individual miners like information asymmetry, channel monopoly of mining machine, and the disorder of the industry. EHash issues hashrate tokens, and establishes a standardized system for hashrate tokens.

The paradigm revolution for standard hashrate token

Starting from the high-level design, EHash is different from other hashrate tokens on the market.

EHash is the native standard hashrate token of Ethereum, and it is also the first DeFi project to reform Ethereum’s hashrate.

As the foundation of the blockchain, mining industry has created  a new operation approach, profit mechanism and wealth creation model through the Ethereum standard hashrate token EHash in 2021.

The minute EHash was launched on Gateio, it became a phenomenonal DeFi project. The superior market premium it demonstrated revealed the wide recognition of its leading model by the entire industry and investors.

EHash is a token that anchors the hashrate of Ethereum’s PoW. Each EHash corresponds to 0.01 MHash/s of Ethereum PoWhashrate.

All token data such as total volume, holding distribution, daily income are transparent and available on the Ethereum network. The actual hashrate that supports the EHash value is also transparent and available in mining pools, such as F2Pool, one of the largest Ethereum mining pools in the world.

The EHash mining income is automatically transferred the to the user’s address every day through the smart contract. EHash holders do not need to purchase mining machines like traditional Ethereum miners.

The above design is the underlying logical support for EHash’s “high market premium + double income” mechanism, the perpetual motion machine model.

Staking EHash is equivalent to mining with an Ethereum mining machine. Therefore, holders will get double income: the net profit of Ethereum mining and the liquidity premium of EHash itself.

As for the expectable premium for the EHash, on the one hand, token holders can trade tokens at any time and enjoy the high liquidity of Gateio, and the resulting liquidity premium may be very high; on the other hand, as EHash is supported by the true value of Ethereum, thus it will rise in accordance with the value of Ethereum. In this sense, its premium ability is self-evident.

Execution through smart contract, and profit distribution through decentralized financial method.

The key reason that makes EHash far surpass traditional cloud mining and other so-called “hashrate token” is its innovative attempt of “DeFi speculative mining”.

EHash holders can go to the DeFi lending platform to mortgage EHash to obtain loan income, while at the same time borrow other stablecoins at low interest rates, and then swap them into EHash. At this time, users’ income from holding EHash is EHash APR×Leverage Ratio + Mortgage EHash APR. In other words, their incomes are increased. We are seeking to launch EHash on the mainstream DeFi lending platform, and it is expected that there will be good news soon.

At the same time, in order to create sufficient liquidity for the circulation of EHash, we will also start EHash’s liquidity mining for other tokens.

Therefore, EHash can avoid the occurrence of accidental losses, like the common risks of uncancellable orders and black box operations in cloud mining, to the greatest extent while generating a steady income.

The long-term vision of EHash is not only to provide a convenient way for ordinary users to obtain the Ethereum hashrate and to bridge the gap between the token circle and the mining circle. More importantly, it aims to create a liquid asset for EHash holders to benefit from the entire DeFi boom.

Highlights of Ehash 

  1. The hashrate token can lower the threshold for users to participate in mining, and to enjoy mining income without having to build their own mines.
  2. Compared with ordinary mining, mining machines have problems like high price, short life expectancy, and maintenance difficulties. The hashrate token, on the other hand, can guarantee stable income all the time, once and for all. 
  3. If the token price is expected to rise, the hashrate price will increase, and the hashrate token will also have a premium. Users can get benefits from the liquidity of the hashratetoken.Thehashrate token maps valuable assets and stable future income, it will gain better liquidity after opening the transaction. 
  4. The hashrate token and the physical mining machine are anchored 1:1, all the hashrates are issued with token, and the real-time hashrate data of the third-party mining pool can be checked at any time. The transparent user-supervision mechanism guarantees the safety and reliability of investment, and fundamentally eliminates false mining and false hashrate.

Aims to create a transparent mining environment where everyone can participate, supervise, and benefit, to enrich the mining industry ecology, and help the healthy development of the blockchain industry, EHash will always be committed to promoting the integration of the real economy and blockchain technology, and implementing the integrated application of blockchain technology in industrial reforms.

There is another good news that EHash is about to be launched on the MXC digital currency exchange platform. Speaking of the MXC exchange, I believe everyone is familiar with it. The core concept of the MXC exchange is: develop potential tokens and enable traders and investors to share the wealth brought by blockchain technology, and get richer, safer, and more reliable transaction services. MXC is also a community-based, highly efficient, and secure digital asset exchange platform that has emerged on the top of the wave. It will perfectly integrate the advantages of centralized and decentralized transactions, with strong liquidity, high security, credibility and transparency. It gives considerations to fairness, transparency and efficient development, and have created one after one hot projects.

In this round of DeFiboom, the MXC exchange is likely to find the most potential projects in the current trading market.

EHash’s launch on Max confirms that EHash’s core technology is cutting edge and its consensus is strong.

Conclusion 

In the future, EHash is very likely to become the main entrance for people to enter the world of blockchain mining, which would have high industry significance and value.

In any case, no one can stop the wheel of the blockchain from rolling forward. The future of blockchain will become more and more prosperous and blossoming. With the current innovative mining model of EHash, it will surely lead the blockchain mining trend.

Official link: Ehash

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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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Press Release

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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