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Press Release

Holder Finance: The Pioneer Ethereum Gasless Protocol

Published

4 years ago

on

Now, unlike any other time, the Ethereum world is growing, but so are the gas prices associated with transactions. For instance, just one year ago, the Ethereum gas prices stood at an average of 14.38, but today the gas charges are 153.27. This rise represents a surge in fees with over 1000%. It’s becoming more expensive every other day to trade using the Ethereum networks. What would you say about a platform that lets investors leverage the ethereum network at the lowest to no gas charges? Well, Holderfinance introduces a gasless protocol with the motive of reducing GAS. What exactly is Holder Finance? Holder Finance is a Defi token project based on a Cross-chain ecosystem as a store of value. It has a token dubbed HFi, which helps in running the entire ecosystem.  HFi tokens are like digital gold since their value will increase vastly due to the surging demand over the years. The total supply of the tokens will remain at 1000, all released in 10 years. Holder finance introduces a protocol dubbed HolderSwap, the all-in-one solution to the unfavorable Ethereum gas fees, cross-chain trading and AAT as Automated Arbitrage Trading.

HolderSwap

HolderSwap is Holder Finance’s Decentralized exchange plugin created as the ultimate solution for the surging Ethereum gas fees. Trade executors and recipients will use personalized trade execution charges. The Dapp introduces some of the best features to ensure the gas fees are reduced to almost zero, thus leaving investors with ample incomes. Here are the features;
  1. Holder Limit Protocol
One feature introduced in the HolderSwap project which will help offer reduced gas fee is the holder limit protocol. This protocol allows users to add limit orders on Uniswap gas free and place limit orders on BSC DEXes such as PancakeSwap, BurgerSwap or FEGex. This tool fosters utter simplicity and efficiency, thus capable of providing GAS free trades. The tools defining the holder limit protocol include;
  • Top security and maximum decentralization
  • Certified and audited
  • Extra simple user interface
  • Permitted batched transactions for lower gas fees
  • An autonomous arbitrage trading option will be available in Uniswap, Balancer, SushiSwap, and Mooniswap.
  • A simple and cost efficiency bridge protocol which allows cross-chain trading.
  1. The OTC Desk
HolderSwap will have an OTC market, an over-the-counter trading tool allowing users to access exchange services fast and effortlessly. This tool offers traders personalized services, thus avoiding slippage, high fees, and other swap and trading issues. The OTC tool helps you sell tokens free from taxation. Among the attributes defining the OTC desk include;
  • Highly dedicated to early users by providing an intuitive UI and simplifying the entire process.
  • Supports all ERC-20 and BEP20 assets and other assets like wBTC, wETH and USDC and USDT
  • The OTC will host a decentralized application that will help serve everyone globally in real-time.
  1. Dynamic Fee Adjustment Tool
Centralized exchanges charge their trading fee based on the monthly volume, i.e., the higher the volume, the lower the fee, and the vice versa is also true. However, this system is unfair to small traders with smaller volumes. HolderSwap is developing a tool dubbed dynamic fee adjustment tool where the trading fee will vary based on the asset’s volatility and price movements. The minimum attainable trading fee is 0.05%, and the maximum is 1%, all dependent on the volatility. This provides benefits for all traders and users of HolderSwap by giving equal advantages in using the platform.
  1. Liquidity Provision Cap
The liquidity provision cap is designed to ensure the users earn the best income for providing liquidity in a pool. HolderSwap instills systems to ensure the rewards on liquidity provision brings better rewards than in other exchanges like UniSwap.

HolderSwap’s Native Token

As a product of the Holder Finance project, HolderSwap will leverage the powers of the HFi token. However, HolderSwap has its native utility token dubbed HFS that serves people within the platform. Users are rewarded with HFS tokens in the platform for using the HolderSwap plugin OTC desk, limit orders, and liquidity provision. This token will help reward the HFi token holders based on their stakes and the persons participating in trades within the network as well as a dual rewards farming program.. There is a maximum number/total supply of the HFS token of 3,000,000 HFS which is going to be released over a year. Therefore the platform institutes strong policies to ensure it protects the values of these tokens through a high deflationary mechanism.. It hardens the minting of new HFS tokens, thus effectively limiting the number of tokens in circulation over time. This minting difficulty will follow the prevailing prices and surges of these tokens over a 24 hour period. For instance, if the price surges by 10%, the limiting difficulty will increase with an almost similar intensity. Other algorithms will also be instituted to ensure that the supply and circulation are limited and the demand remains high. The platform will also instill a token burn mechanism to burn 5% of every sell order once the circulating supply hits 200k HFS. According to their podcast, HFS completed their LGE recently minting around 60,000 HFS.

Top Transparency and Security

HolderSwap assures investors top security and transparency through the various policies they set for the tokens. For instance, the platform developers will only list ERC-20/BEP-20 tokens with the following attributes;
  • The new token must be audited by their security partner CDTSEC
  • An open-source contract that CDTSEC has already approved
  • A token that already runs safely on UniSwap or PancakeSwap

Conclusion

Holder finance’s introduction provides crypto investors with an excellent opportunity for investing in a value retention token. However, more advantageous is the introduction of HolderSwap by Holder Finance. HolderSwap is the long-awaited solution to the many issues clouding Defi, especially the ever increasing Gas fees in the Ethereum network. This gasless protocol ensures that regular traders benefit from trading at favorable to no fee by leveraging the OTC, limit protocol, and fee adjustment tool. Its native token HFS is also providing excellent opportunities for earning passive incomes to all the investors. Investors should be ready to try out this tool and expect the best results.
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Press Release

How Bitcoin’s price rise has increased the number of cryptocurrency payments 

Published

3 days ago

on

November 19, 2024

By

NOWPayments Announces Significant Gain in Crypto Payments

NOWPayments, a leading crypto payment gateway, is excited to announce the significaте Increase of Crypto Payments since the beginning of November. 

Why Bitcoin took a new ATH in November?

Starting in January 2024, Bitcoin’s price was around $48,717, marking a period of cautious optimism following a tumultuous 2023. Throughout the first half of the year, Bitcoin experienced significant fluctuations as market dynamics shifted, driven by regulatory developments and increased institutional interest. By November 2024, Bitcoin had reached a pivotal moment, hitting an all-time high (ATH) of $75,000 on November 8 and then surging to $89,000 shortly thereafter.

This remarkable growth didn’t go unnoticed by the business world. Companies across various industries quickly recognized the massive business opportunity Bitcoin presented. The ATH sent a clear message: Bitcoin was no longer just a speculative asset but a powerful tool for transactions, store of value, and an entry point into the broader crypto economy.

Businesses’ interest in Bitcoin grew for several reasons:

  • Increased Institutional Adoption: Major financial institutions rolled out Bitcoin-based services, providing legitimacy and opening doors for mainstream use.
  • Global Payment Integration: Bitcoin’s borderless nature appealed to businesses seeking efficient, low-cost cross-border transactions, particularly as inflation and currency instability impacted traditional fiat systems.
  • Hedge Against Inflation: As global economies faced ongoing inflationary pressures, Bitcoin became a preferred asset for protecting wealth, especially for businesses looking to diversify holdings.

Climbing to $75K

The journey to $75,000 began with a series of positive developments in the cryptocurrency market. Following the approval of Bitcoin Spot ETFs and increased institutional buying, Bitcoin’s price steadily climbed. On November 7, 2024, Bitcoin reached approximately $76,999 before closing at around $75,820. This surge was fueled by a bullish market sentiment as investors reacted positively to the election results and anticipated regulatory clarity under Trump’s administration.

Breaking Through $80K

Following its initial surge to $75K, Bitcoin quickly surpassed the $80,000 mark on November 10, 2024. The momentum continued as traders rushed to capitalize on the positive sentiment surrounding the cryptocurrency. By this point, BTC was trading at approximately $80,976, reflecting an increase of nearly 9.64% from the previous day.

Approaching a New BTC All Time High at $90K

As of November 12, 2024, Bitcoin’s price soared to around $89,000. This represents a staggering increase within just a few days following the election and highlights the cryptocurrency’s volatility and potential for rapid gains. The combination of strong demand from both retail and institutional investors has driven BTC prices higher as they anticipate further growth.

How has the new ATH for BTC led to an increase in crypto payments?

We decided to analyse how the rise in the price of the main cryptocurrency – BTC affected the number of payments. NOWPayments team took the number of payments before the U.S. election and compared it with the data after the Trump has won. The result exceeded all expectations. Thanks to the growth of BTC from $72,729.89 to $90,750.94, the number of payments increased by as much as 8%. This significant change indicates the increased interest in cryptocurrency and the correlation of BTC price and cryptocurrency usage.

  1. Correlation Between BTC Price and Crypto Payments:

The 8% increase in the number of payments demonstrates a clear correlation between Bitcoin’s price growth and the rising adoption of cryptocurrency for transactions. As BTC’s value surged, so did user engagement with crypto payments.

  1. Increased Interest in Cryptocurrency:

The significant rise in payments highlights growing public and business interest in cryptocurrencies as a viable payment method, especially during moments of market optimism fueled by events like the U.S. election.

  1. Market Events Drive Crypto Adoption:

The post-election Bitcoin rally, combined with its ATH, underscores how political and economic events can directly impact crypto adoption, encouraging more users to explore cryptocurrency as both an investment and a practical payment tool.

About NOWPayments
NOWPayments is a leading crypto payment gateway providing easy and secure payment solutions for businesses around the world. With support for over 300 cryptocurrencies and features like auto coin conversion, donation widgets, and e-commerce plugins, NOWPayments offers flexible and robust payment tools for businesses of all sizes.

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Press Release

Mizzle Partners with InFlux Technologies to Power DePIN Platform with Decentralized Cloud Infrastructure and Advanced Computing Resources 

Published

3 days ago

on

November 19, 2024

By

  • Partnership to provide decentralized computing resources, enhancing platform scalability, security and high availability for distributed services


InFlux Technologies (Flux), a leading global decentralized technology company specializing in cloud infrastructure, artificial intelligence, and decentralized cloud computing services, today announced a partnership with Mizzle, a pioneering decentralized physical infrastructure network (DePIN) platform.

Under the partnership agreement, Flux will provide decentralized computing resources including CPU, GPU, storage and network capacity as required by Mizzle for its platform operations. This includes support for distributed applications and services, ensuring high availability, scalability and security. The agreement also includes monitoring and management of Mizzle’s infrastructure to ensure optimal performance along with maintenance and upgrades of the infrastructure as needed. Mizzle will work toward an estimated spend of $500,000-plus per year post-launch, with an estimated launch of January 2025.

“This partnership represents a key step in our commitment to delivering decentralized computing solutions at scale. By supplying Mizzle with essential resources, we are ensuring the platform’s ability to maintain high availability, scalability, and security. This agreement highlights the growing demand for decentralized infrastructure and demonstrates its practical applications in supporting distributed services,” said InFlux Technologies CEO and Co-founder, Daniel Keller.

Mizzle is a hyper-efficient CI/CDwith no-code development operations which simplifies server management allowing teams to innovate and scale without operational hurdles. Its confidential computing experience carries unmatched security with TEEs, eBPF and decentralized cloud compute, keeping data and operations fully protected. Mizzle has advanced storage and benefits from decentralized cloud storage enhanced with zero knowledge proofs and fully homomorphic encryption. The company is quantum ready with edge computing, is IoT-ready and committed to green computing.

Flux ensures a minimum uptime of 99.99% of decentralized infrastructure services, barring any outages or maintenance windows and offers technical support to integrate and manage the compute resources. Flux offers data security and compliance and complies with all relevant data and security regulations, ensuring the infrastructure is designed to meet regulation standards.

“We are excited to partner with InFlux Technologies, taking a key step toward advancing decentralized cloud solutions. By combining Mizzle’s technology with Flux’s expertise, we will drive greater value for enterprises and governments worldwide. Together, we are shaping the future of decentralized applications and empowering innovation across the ecosystem.,” said Founder of Mizzle Arjun Mishra.

About Mizzle


Mizzle is a DePIN platform designed to empower developers with no-code DevOps. We enable atomic and horizontal scaling of compute and storage, ensuring unparalleled flexibility and performance. Our platform combines advanced AI-driven infrastructure management with trusted execution environments (TEEs), leveraging eBPF technology for real-time protection and monitoring. We also incorporate state-of-the-art cryptographic techniques, including Fully Homomorphic Encryption and Zero-Knowledge Proofs, to guarantee maximum data privacy and security. As we move into the quantum era, with a strong commitment to Green computing (ESG), Mizzle is your trusted partner for scalable, secure, and efficient decentralized infrastructure.

For more information, visit the company’s website at www.mizzle.io.

About InFlux Technologies

InFlux Technologies (Flux) is powering a decentralized Web3 cloud infrastructure composed of user-operated, scalable, and globally distributed computational nodes. Flux provides the critical, high-availability infrastructure for the New Internet. The Flux service offers a fully decentralized alternative to some of the world’s largest cloud infrastructure providers while offering competitive pricing. Flux is committed to developing disruptive solutions that empower individuals and businesses in the blockchain industry, emerging technologies like AI, and the broader technology space worldwide.

For more information, visit the company’s website at www.runonflux.com.

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Press Release

Digital Assets Underinsured: Report Identifies $19 Billion Coverage Deficit, Less Than 3% Secured

Published

4 days ago

on

November 18, 2024

By

A recent report, Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era, highlights a substantial coverage gap in digital asset insurance, revealing that only 3% of digital assets are currently insured. This gap leaves billions at risk, with an estimated $19 billion in losses from fraud and security breaches since 2011.

The report emphasizes significant incidents that illustrate the vulnerability in the sector. These include a $650 million breach at Ronin in March 2022 and a $614 million loss from PolyNetwork in August 2021. As investments in digital assets increase, so does the call for comprehensive risk management solutions, particularly from institutional stakeholders.

With more than 90% of crypto hedge funds expressing a desire for mandatory insurance on exchange-based assets and around 40% of institutional investors now holding cryptocurrency, the demand for tailored insurance products is clear. Further Ventures, the report’s creator, points to a growing interest from institutions seeking ways to protect their digital assets through robust insurance policies.

The report also sheds light on recent regulatory responses. The Hong Kong Monetary Authority (HKMA), for example, has set mandates for digital asset custodians, requiring 50% insurance coverage on cold storage and 100% on hot wallets. Despite these initiatives, high premiums remain a challenge, with average rates around 0.5%-5% for custody insurance and 5-10% for slashing events and Directors & Officers (D&O) policies.

According to the report, addressing the insurance gap in the digital assets industry will likely require innovation in policy structure, more accessible premium rates, and a regulatory environment that supports the development of effective, comprehensive solutions. As the sector evolves, insurance options may play a critical role in fostering institutional confidence and broader adoption of digital assets.

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