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Mdex adopts a new IMO mechanism to launch Demeter: empower MDX to be the cradle of quality assets

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On September 13, Mdex launched the IMO for Demeter tokens and attracted over $350 million in participation.

At present, many projects on DApps are choosing to issue their initial tokens and establish liquidity in a decentralized way as it is more in line with the characteristics of the blockchain field. As a consequence, many blockchain entrepreneurs are looking for a launchpad that excels in issuing tokens and offering sufficient liquidity. This makes the competition for IDO functions enter a more refined stage: competitiveness and data playing the decisive factors.

Staking to earn new tokens: innovative IMO mechanism

IMO (Initial Mdex Offering) is an initial decentralized online exchange mechanism based on MDEX. The mechanism provides sufficient liquidity for projects while allowing users to participate more fairly.

By launching IMO under a new mechanism, MDEX not only finds more quality assets for users and but also empowers MDX. The first project under the innovative IMO mechanism is Demeter, a market protocol of decentralized cryptocurrency. DMT, the governance token of Demeter, is also issued through IMO with a liquidity pool created on Mdex.

The latest round of IMO on September 13 attracted 6,500 participants and raised a total of $350 million funds, on par with the achievements of Coinwind’s public offering in May. The highlight of this public offering is the rule of  “staking to earn new tokens” in the new IMO mechanism, with a total of over 1 billion MDXs participating in it.

The new mechanism allows users to participate in IMO with either MDX or xMDX, the Boardroom lock-in voucher. This rule frees up the liquidity of the MDXes locked in the board and provides all MDX holders with a fair opportunity to participate in the IMO. Lock-in voucher xMDX can receive different shares of tokens in the IMO, based on their different durations. Shares of tokens increase with the duration of the lock-in, i.e., the longer the lock-in period, the more tokens to be received for participating in the IMO.

For MDX holders, what’s even more exciting is that they are able to gain new tokens just by staking MDX, without losing their MDX or lock-in voucher xMDX positions.

Under the new IMO mechanism, participants can convert their lock-in profits into the platform tokens, which makes MDX “a gold shovel” for users. By exchanging the profits from lock-in revenue with new tokens, the platform introduces the compound interest method of investment, so that users can gain new opportunities with zero loss in their accounts.

Millions of active users: Mdex being “the first choice to launch projects”

IDO is a primary market which has always generated impressive yields. With the support of Mdex, however, it is even more valuable for investors to focus on IMO.

On May 25, Mdex conducted its first IMO, during which the Coinwind project attracted $380 million in participation, ending with a surprising number of 257 times the expectation. Meanwhile, 8,874 addresses participated in the IMO, with an exchange surpassing the expectation by over 25,726% and a token price increase by 500%, making it one of the most attractive projects. Such a heat and achievement made it impossible to even believe that it occurred right after the market crash on May 19.

After the launch of Mdex, it has quickly captured a large number of users, gathered super high liquidity, and became the headline DEX as well as the ideal IDO platform. Completing token issuance on Mdex not only ensures a large amount of active users of the platform, but also is an excellent publicity for the project itself, in terms of the promotion of its product and the building of its community.

User-friendly and community-oriented: Mdex being the cradle for high-quality assets

For entrepreneurs, Mdex is “the first choice for project launch”; in the eyes of investors, Mdex has an additional property of “the origin of multiple tokens”. Because of this expectation, Mdex has made the best professional judgment in project selection.

As the first project launched under the new IMO mechanism, Demeter is a protocol of decentralized lending and stablecoins based on Heco. It is now expected to become the MakerDao on HECO.

Demeter has introduced over-collateralization for lending. The innovation lies in that user’s credit limit will be generated according to their asset factor, which is based on their assets collateralized. The amount that users can borrow and mint stablecoins is restricted by the credit limit, so as to ensure the safety of the user’s property and that of the whole system.

Unlike traditional decentralized lending protocols, Demeter has optimized the interest rate model and collateral coefficient of its DeFi lending protocol. Demeter assets are more diversified, with the introduction of richer crypto asset types such as LP assets, collateral assets, NFT-fi assets, etc. This optimization breaks the restrictions of decentralized lending on collateral. As credit ratings have been conducted with these assets, the lending model between currencies is highly matched, while the algorithm of interest rate adjustment is more reasonable under the premise of ensuring security.

With the more diverse and secure lending service, DUSD, Demeter’s stablecoins demonstrate the same feature. Since DUSD is generated through multi-asset collaterals, it is much less risky and more stable than tokens generated based on single-asset collaterals.

Demeter has demonstrate its farsightness and practicality in innovatively breaking the ceiling of DeFi lending collateral asset, resisting the price volatility of decentralized stablecoins, and liquidation.

The new IMO mechanism brings fair opportunities to all MDX holders. The recently released Hunter program, which provides a total of $10 million to support quality projects, will further lift the competitiveness and attractiveness of Mdex in terms of IMOs. This will help build a new business ecology that covers more application scenarios and is deployed on more chains, providing global users with more convenient, high-performance, low cost and undifferentiated financial services.

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ArtVerse Prepares for Its Upcoming Presale on Bitrue

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ArtVerse, a blockchain-based art platform, is preparing for its presale launch on Bitrue. The platform plans to distribute ArtVerse’s native token, AVT, with the event rolling out on September 27. Currently, Bitrue is hosting a warmup before the presale date, offering a giveaway of 13 billion AVT.

Users can take advantage of the 4 options available on the platform. The first giveaway involves BTR holders, whereby you will receive the airdrop according to the BTR amount you hold. To be a part of this giveaway requires you to sign up for the airdrop on the Bitrue event page.

The second giveaway requires you to share the event on social media platforms to have a chance of receiving a random amount of AVT between 1 – 100,000. Furthermore, anyone who shares it on Twitter automatically gets entered into a grand prize drawing for 1 million AVT.

The third giveaway involves you sharing the event and getting valid referrals with a chance of earning 100,000 AVT. Notably, all referrals should successfully pass KYC verification. You will receive your reward as soon as a referral passes the verification.

The last giveaway will let you earn a bonus if your referrals purchase AVT during the presale. The prize pool division will depend on how much the referrals buy and their number in total. ArtVerse will disburse all the rewards on September 30 at 1300 hours except for the third giveaway.

The AVT Token Presale

VT is an ERC-20 token behind all activities on ArtVerse, with a total supply of 21 trillion tokens. The project will be dedicating 4.2 trillion coins to the presale, available only on Bitrue. As an investor, you should be careful of any other platforms that may pose as AVT distributors.

Here is a breakdown of the rest of the tokens:

  • 10% to the private sale
  • Foundation operations – 25%
  • Team – 20%
  • Community yield farming – 15%
  • Development costs – 10%

As per Bitrue’s Twitter post on September 23, AVT yield farming has kicked off; users can stake their coins to earn passive income. It incentivizes the process by offering rewards to users who participate in the staking pools.

Users will use the token to pay for transaction fees on the ArtVerse platform, with a 5% charge on all fees. 50% will reward users who stake the coin, while the other half will assist in strengthening the platform’s content creators for better art.

Lastly, the coin holders will have an added advantage of gaining governance and voting rights; they can participate in decision-making processes on the platform.

Make sure to be part of all giveaways and the upcoming presale by signing up on Bitrue. Also, do not forget to be part of ArtVerse’s growing community on Twitter for more information.

About ArtVerse 

ArtVerse is a decentralized art platform hoping to provide creators with the best marketplace for their art NFTs. Furthermore, it hopes to bring trust back into the art industry, considering counterfeits in the market.

The project is leveraging blockchain technology for transparent and immutable transactions on its platform. Creators have a trustworthy space to create art while having favorable circulation in the market. The lack of intermediaries eliminates additional costs associated, helping content creators to maximize their returns.

ArtVerse works on the Ethereum blockchain, a blockchain that claims a top name in the crypto industry. It offers an expansive space for value addition and cross-chain communication. Furthermore, it provides the much-needed resources for NFTs’ progress. Currently, ArtVerse is making the most out of ERC-20, ERC-172, and ERC-1155 tokens for its economic structure.

ArtVerse further explores the future of data storage through technology similar to IPFS. This factor adds to the platform’s security as unapproved parties cannot alter the data on its chain.

About Bitrue 

Bitrue has been pivotal as far as ArtVerse and AVT are concerned, being the first exchange to list AVT and hosting the presale. Bitrue is a trusted cryptocurrency exchange that not only supports crypto trade but also offers crypto management services.

You can trade your crypto, invest through its high-interest BTR lock-ups, acquire Bitrue loans, participate in advanced trading options, to mention but a few. Moreover, it has access to lucrative cryptocurrencies in the market today that you can invest in. ArtVerse stands to benefit immensely from the exchange’s liquidity and user base at large.

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NBA Star John Wall Announces NFT Project To Raise Awareness For Youth Sports – Baby Ballers

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The latest celebrity athlete to enter the NFT space is NBA star, John Wall with his ground-breaking project Baby Ballers. We’ve seen the likes of Tom Brady, Steph Curry, Odell Beckham Jr., and others enter the crypto and NFT space of late. Some have decided to create their own NFT platforms/ projects while others have partnered up with some of the biggest platforms to curate their own drops.

John Wall’s Fascination With The NFT World

John Wall recently tapped into Twitter showcasing his interest for the NFT space. Since then, the NFT community has welcomed him with open arms. Although most fans shilled their favorite NFT projects to him via Twitter, many suggested him the idea of creating his own NFT project.

This suggestion fascinated John Wall most of all because he wanted to find out what the process and the journey of creating a NFT would be. Once he began to understand the flow of creating NFTs, he wanted to create his own project that would be backed by a good cause.

The Good Cause

John Wall’s biggest why in his life is his children. He not only wanted to inspire his children, but he wanted to support children everywhere by partnering with his foundation – the John Wall Family Foundation.

Over the past few years, John Wall’s foundation is a fully registered charitable organization that has helped thousands of people. From distributing meals during Thanksgiving to partnering with the Salvation Army for back to school donations, John Wall’s foundation has helped youth with tons of blessings.

Now, John’s got his eyes set on combining the NFT space with his charitable organization. He plans on taking proceeds from his upcoming NFT drop to help fund youth sports and plans to take aim at inspiring kids that anything is achievable by executing on this project.

The NFT Project

John Wall recently announced the launch of his own NFT project, which is titled – Baby Ballers. He plans to launch this project on September 30th, 2021 which will feature 4,000 mints to be available to the public.

After getting a sneak peak at some of the designs via their website, parents and NFT enthusiasts everywhere will graciously appreciate his efforts. The NFTs themselves feature unique babies with different traits playing sports.

The roadmap for the project seems very promising with the ability for NFT holders to get access to giveaways for items such as courtside tickets, jerseys and more. This is definitely a NFT project that you want to keep your eyes on!

Want to learn more? Join them on socials!

Linktree: https://linktr.ee/BabyBallers

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TangoChain Unveils The World’s First 100% Gaming Blockchain Platform

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TangoChain announces the launch of the world’s first blockchain that is 100% made of gaming applications, play-to-earn games, and NFTs. It’s the first blockchain which is entirely a game host that supports gaming platforms.

The blockchain project intends to enable gamers to earn lucrative profits and create non-fungible tokens(NFTs).

A Third Generation Blockchain

TangoChain is a third-generation blockchain platform. Two generations are in existence so far.

The first generation lies with the pioneers like Bitcoin and its first forks such as Litecoin and Bitcoin Cash. They introduced the concept of cryptocurrencies as decentralized currencies with an open ledger system to the public. 

The birth of Ethereum and DeFi ushered in the second generation of blockchains. DeFi opened up the blockchain world to a host of applications, tokens, and passive income-generating features. Most of the vibrant blockchain projects currently are hosted by this generation of blockchain.

TangoChain could offer the ushering of the third generation of blockchain. The hallmarks of this generation lie in a fully specialized blockchain whose infrastructure and services align towards its role. Contrary to that, TangoChain fully focuses on gaming, and NFTs features rather than adding them as features. 

The blockchain boasts of infrastructure optimized to onboard as many innovations supporting the gaming world as possible. The platform also integrates protocols that feel more native, as opposed to other blockchain platforms.

Proof of Game Consensus Protocol

No specific feature shows the trajectory of a blockchain other than its consensus protocol. In TangoChain’s case, it has proof of game protocol to govern its operation.

To understand how it works, a review of some common consensus protocols could help a lot. Bitcoin and Ethereum use a proof of work consensus. Miners verify transactions by solving a difficult computational equation called a hash. For proof of stake protocol, users stake their crypto holdings to verify transactions.

TangoChain’s proof of game enables users to secure the network, verify transactions by simply enjoying their favorite game. All the while, they earn a reward for their gaming effort, a win-win situation for all.

Zk SNARKs Proof

Even better news for the verify is the Zk SNARKs proof method. It enables the entire process of securing transactions and the network hassle-free. It can be split into S-N-AR-K, standing for Succinct, Non-interactive, Argument, and Knowledge.

The process is Succinct, meaning the proofs are very easy to verify given their small size. It holds even when the process under verification is quite complex.

It is Non-interactive since it doesn’t require constant communication between the promoter and verify. One’s gaming experience won’t be interrupted by annoying questions regarding transaction verification.

Argument refers to the way the proofs are referred to formally. On the other hand, knowledge refers to the level to which the proved can evidence their existence. 

The proof process allows for a faster and energy-efficient way of implementing Tango’s Proof-of-game protocol.

The Gaming Console is Native

Tango aims to ensure that a gamer’s experience is complete and flawless. Comprehensively, its gaming console seamlessly connects to the Tango network and other blockchains natively.

It has a native wallet that omits the need to seek off-chain services altogether. The wallet comes with a user chip that is swappable for convenience.

A gamer with little technical experience has easy access to a complete gaming catalogue as a result. It is accessible on Android, allowing users to play as they earn at their convenience.

The Gaming World is on the Cusp of Revolution 

The advent of blockchain has revolutionized the way people transact by removing the need for third parties. Costs of sending remittances around the world plummeted while speeds and convenience improved.

But Tango is gearing towards the creation of a third-generation blockchain. It’s 100% leaning on gaming in terms of its infrastructure gives a good user experience. The protocol enables people to earn as they enjoy it while the platform is open to gaming innovations. It is safe to say the gaming world could be on the verge of a huge change and revolution.

The Birth of TangoChain

Tango will start its raising through VCs aiming to raise a total of 50M BUSD. Due to it being a blockchain for gaming, which will also have hardware consoles where gamers turn into validators for the blockchain, Tango is a lucrative option for crypto investors to invest in. The following is how the raise will be conducted:

  • Seed Round 5%: (25% TGE, 3 month lock & 24 month linear vest)
  • Strategic Round 5%: (15% TGE, 3 month lock & 18 month linear vest)
  • Private Round 5%: 5%  (15% TGE, 2 month lock & 12 month linear vest)
  • IDO 5%: Unlocked
  • Advisors 5%: (25% TGE / 24 month linear vest)
  • Team 15%: 22,500,000,000 – 7 years vested
  • Liquidity 30%: Unlocked
  • Development 20%: (0% TGE / 60 month linear vest)
  • Rewards 10%: (0% TGE / 60 month linear vest)

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