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Press Release

Flowchain Set to Launch DEXG ‘LUNA’ Staking Round

Team Bitcoin Daily

Published

4 years ago

on

The DEXToken Protocol continues on schedule towards its December 2020 public Beta release date. This unique decentralized platform plays a vital role in the Flowchain ecosystem. Specifically, the DEXToken Protocol builds a decentralised exchange platform featuring an unique AMM and effectively connecting Flowchain IoT ecosystems to decentralized finance. 

Staking is a Feature Users Require 

Staking is a blockchain-related process that involves a user locking their cryptocurrency in a smart contract for an agreed amount of time. Stakers receive rewards for their services. There are various reasons to stake cryptocurrencies.

8-Rounds to Stake

In the DEXToken protocol, staking is how the firm increases liquidity. DEXToken does away with initial coin offerings and instead introduces DEXG staking. The firm plans to host eight staking rounds in total. The next round, named LUNA, is set to begin on October 23, 2020. Users that participate in the event receive a respectable reward of 5,250 DEXG. 

LUNA Staking Round

The staking period for this staking event is October 23 – 30, 2020. DEXTokens AMM calculates the staking rewards for each round and mints new DEXG tokens at the start of the round. These rewards are what introduces more DEXG into the market. This approach allows DEXToken to enjoy a very predictable supply. It also allows investors to earn a substantial amount of DEXG in the form of staking rewards. 

BPT LP Token 

To participate in the event, you need to add DEXG to the Balancer shared pool. Once your funds are sent, you will receive a receipt in the form of an equivalent value of BPT LP tokens. These tokens are permanent records of your investment.

Private Alpha Release

According to company executives, DEXToken will unveil the DEX private alpha in the coming weeks in November. This release will allow a select few to experience the DEXToken protocol first hand. 

It will also allow developers to ensure that everything functions perfectly for the public beta release scheduled a month later. The team will monitor where delays occur and make corrections to streamline the platform moving forward

A Superior Platform

The DEXToken Swap Exchange provides investors with a superior UX when compared to its predecessors. The upgraded protocol allows new users to research and execute top quality trades directly from the interface.  Also, investors experience less slippage using this decentralized system.

DEXToken eliminates one of the DeFi communities’ biggest flaws. Since most DEXs don’t utilize an order book, they need some way to ensure their offerings are in line with the overall market sentiment. In the past, Oracles served very important roles. Oracles are off-chain sensors that can monitor real-world data. 

What’s an Oracle?

Oracles can send and receive this data to the network nodes. In this way, they help bridge the network limitations of blockchains and allow developers to dream up even more impressive Dapps. Despite these advantages, oracles have one flaw that may prove to be too much for the market to bear, they are centralized.

Centralization Woes

It’s not wise to have any centralized systems entering data into the blockchain. When the wrong information is sent to the blockchain, it may be impossible to delete it. Faulty oracles can make a blockchain’s data unusable. Consequently, more platforms than ever want a smart alternative to the status quo.  

AMM

The AMM (speculative’ Automated Market Maker) is an alternative to price monitoring oracles in the market. This protocol takes into account the pool liquidity levels to provide a reliable and secure method to determine the actual value of tokens within the ecosystem. 

DEXG Token

The DEXG is the governance token in the ecosystem. It’s the token that users hold to participate in voting. The token plays an essential role in providing liquidity for the swap exchange as well.

DEXToken Beta Launch Approaching

As DEXToken’s Beta launch nears, the firm has already kicked up its marketing. The project has a lot of attention at this moment. You can expect DEXToken to see more adoption as the LUNA staking round is only days away.

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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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