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Press Release

Flaming Farm Private Sale is Now Live

Team Bitcoin Daily

Published

4 years ago

on

The deflationary yield farming platform, Flaming Farm, announced its public crowdsale this week. The event starts on December 10, 2020, at 10:00 AM UTC, following the release of their smart contract audit. The presale price for FFARM tokens, the network’s native governance token, is set at 0.15 ETH. You will need a minimum of 0.5 ETH to participate in the event. Interestingly, whale investors are capped at 20 ETH. The network has a presale hardcap of 600 ETH.

Why all the Hype?

Flaming Farm is unique because it is the first deflationary yield farming platform to hit the market. Yield Farming is the hottest feature in DeFi at this moment. These peer-to-peer lending protocols utilize large liquidity pools to provide users with the ability to stake their idle crypto and earn rewards.

Users and new projects can then take out short term loans from these pools. These loans are repaid directly back into the pool plus interest. This process adds more liquidity to the pool and increases the liquidity pool’s token value. Consequently, users gain interest and the added appreciation of the token. 

Yield farming is an attractive option for new users because it doesn’t require any prior cryptocurrency understanding. Compared to trading, yield farming produces more dependable rewards and requires all-around less work. You don’t need to spend hours researching projects and market conditions to stake your unused crypto in a liquidity pool. 

Transform the DeFi Sector Forever

Flaming Farm improves on the yield farming model with the introduction of a deflationary protocol. This network was designed to combat the biggest problem facing the DeFi sector today, inflation. Liquidity pools issue tokens to investors when they stake. The more they stake, the more tokens they receive. 

These tokens are especially susceptible to inflation as there is no predictable monetary supply. Instead, there is a flood of new tokens in collaboration with mostly speculative investors. Together, these two factors spell a recipe for disaster in the form of run-off sales. Flaming Farm users escape this fate thanks to the intuitive minds behind this next-gen DeFi ecosystem.

Deflationary Protocol

Flaming Farm relies on a Token Value Control mechanism that automatically burns a certain percentage of the FFARM tokens in circulation based on the pools’ available liquidity. The developers have set this protocol to begin at 2.5% and increase based on the network’s liquidity. In this way, the system preemptively removes inflationary risks for users.

Self-Fulfilling ROIs

Notably, a percentage of all Flaming Farm’s network fees go back into the liquidity pools. The network charges a small fee every time users make transactions, trade, and stake in pools. This strategy creates a liquidity cycle that bolsters the platform’s pools and the governance token’s value.

Vote on Key Upgrades

Flaming Farm follows the inclusive governance models found in most second-generation DeFi platforms. Users gain the ability to vote on all vital changes to the network. These changes include updates, new pools, and fee changes. To participate in the governance model, you need to hold FFARM tokens. The more tokens you have, the more voting power you possess. This strategy ensures that the voting majority carries the most financial risk.

Flaming Farm – A Unique Opportunity in a Sea of CopyCats

A flood of yield farming platforms entered the market this year. However, none possess the powerful deflationary technologies utilized by Flaming Farm. In this way, the platform provides the DeFi sector with a better alternative to the status quo. 


For more information:
Telegram | Website | PreSale Contract

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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

3 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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