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KuKuswap Launches on KuCoin Blockchain

Team Bitcoin Daily

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KuKuswap is a next-gen DEX designed to provide access to new tokens and a simplistic trading experience. The network incorporates the most popular DeFi protocol and a host of other benefits that make KuKuswap ideal for new and experienced investors alike. As such, the protocol is well positioned to become the top performing DEX on the KuCoin blockchain.

Notably, the developers behind the KuKuswap concept took inspiration from other top-performing DEXs in the market. Specifically, they stated that the Binance Smart Chain (BSC) DEX, PancakeSwap, was the platform they modeled KuKuswap after. This inspiration is evident in the similar features and streamlined interface.

What Problems Does KuKuswap Attempt to Fix?

There are a lot of crucial issues that KuKuswap attempts to rectify. Primarily, the network helps to eliminate centralization in the DEX community. For the longest time, traders were relegated to Ethereum DEXs. Eventually, more options and networks ventured into the market, but for the most part, Ethereum and the BSC dominate the sector. Now, regular traders gain access to a powerful new network built from the ground up to simplify the top crypto features.

High Gas Fees

KuKuswap users enjoy much lower fees than Uniswap users. The main reason for these reduced costs is the technical structure of the platform. The KuCoin blockchain is less expensive to conduct transactions and execute smart contracts on. Consequently, users can save a bundle when they migrate to KuKuswap.

Scalability

Along the same lines of thought, scalability is another major advantage provided by KuKuswap. The KuCoin blockchain outperforms Ethereum in TPS rate and block production. Specifically, KuCoin produces blocks every 3 seconds. In comparison, it takes Ethereum around 13 seconds. This added scalability directly results in a more responsive and efficient user experience.

Features

Despite its simplistic layout, KuKuswap offers some top-notch benefits to users in the form of swaps and liquidity protocols. Also, the network enables developers to effortlessly migrate as all smart contracts are ERC-20 compatible. This decision was wise as Ethereum still dominates the DeFi sector in terms of applications and DEXs. Now, developers can expand their platforms to incorporate the KuCoin community without creating all new applications.

KuKuswap Mechanics

The KuKuswap exchange was designed to provide user access to the growing KuCoin ecosystem. The network operates on the KuCoin chain exclusively. As such, users gain access to an entirely new network of tokens, NFTs, and services. Here are just a few of the top features users enjoy when they switch over to KuKuswap.

Swap 

Swap is the main feature offered to KuKuswap users. This DEX operates as an AMM (automated market maker). AMMs are very popular in the DeFi sector because they provide less slippage and faster trading times. This feature is very easy to use. The interface was designed to mimic other top-performing DEXs.

Uniquely, you have a lot of options when conducting swaps. Hit the gear in the top right corner of the trade window and you will open up features such as the adjustable slippage tolerance. You can also toggle on expert mode and disable multi-hops. Notably, the expert mode allows you to bypass confirmation models. This strategy enables high slippage trades for expert users. 

Liquidity

KuKuswap also provides users with liquidity pools. A Liquidity pool is a large smart contract that users deposit funds into and in return, they receive rewards based on their participation level and time. Liquidity pools are an essential part of other top performing DEXs for multiple reasons. Primarily it’s because they provide more reliable and secure ROIs to users. 

Using KuKuswap 

If you are familiar with Uniswap or PancakeSwap, you will have no problem navigating KuKuswap. The platform was built from the start to simplify all the most vital DEX features. Consequently, there’s no previous experience required to start securing rewards and conducting trades on the network.

KuKuswap – The Next DeFi Ecosystem is Here

The DeFi race is heating up and this latest entry is just proof. KuCoin has long been an advanced blockchain with tons of potential. Now, the network has gained a powerful tool to help connect traders and developers in new ways. It will be interesting to see how KuKuswap accelerates Dapp development in the KuCoin ecosystem in the coming weeks. For now, you can join the KuKuswap movement here.

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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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Press Release

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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