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Rigel Finance Combines a DeFi AMM with Yield Farming to Boost ROIs

Team Bitcoin Daily

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Rigel Finance Combines a DeFi AMM

Rigel Finance seeks to enhance the way you trade via its unique yield farming AMM protocols. This Automated Market-Making (AMM) combines a Decentralized Exchange (DEX) with some of the world’s top DeFi features. Specifically, you can farm, stake, and trade with ease using this platform.  

What is an AMM?

The first thing to understand is that Rigel Finance is an AMM. AMMs differ from traditional exchanges in a couple of important ways. When you trade using a conventional crypto exchange, you’re exchanging your tokens with another trader directly. In the case of centralized broker exchanges, you’re purchasing your crypto from the platform itself. 

When you trade on an AMM, you are actually interacting with a smart contract that acts as a liquidity pool. This smart contract then “makes” the market for you. AMMs are growing in popularity because they provide a lot of benefits over their traditional counterparts. Primarily, they allow digital assets to be traded without permission and automatically. 

Yield Farming

Rigel Finance leverages its powerful AMM engine and combines it with a yield farming protocol to provide users with more opportunities to earn. Yield farming is an investment strategy that involves locking your cryptocurrency into a liquidity pool. It’s very similar to staking. 

The main difference between staking and yield farming is that yield farming usually has no required lockup period, whereas staking protocols can require 30-days or longer. Also, staking protocols usually have some early withdrawal fee or penalty if you need to access your crypto before the lockup ends. Consequently, yield farming has gained a lot of attention since it entered the market last year.  

Rigel Yield Farming 

In the Rigel ecosystem, you earn RIGEL tokens by farming RigelSwap V2 RLP. Impressively, the network currently supports 18 pairs of yield farming pools to suit your investment needs. The network rewards you with a respectable 15% of RIGEL/block in the pair RIGEL-ETH RLP and 5% of RIGEL/block for the other 17 pairs. Best of all, the yield farming protocol is deflationary. 

Deflationary Yield Farming is the Future

One of the biggest complaints of yield farmers in the market currently is inflation. In most DeFi scenarios, the rewards tokens are issued whenever new liquidity is added to the pool. Sadly, this approach leaves investors suffering as time progresses because the token issuance rate begins to out weight the demand.

To combat these inflationary concerns, Rigel Finance introduces a proprietary deflationary mechanism. This system helps developers gain more control over their project’s token value. Every day, the network automatically trades all the LP (liquidity pool) tokens for RIGEL tokens. These tokens then get redistributed proportionally between all the xRIGEL holders in the pool.

In addition to the LP token conversion, the network also hosts bi-weekly burning events. The amount of tokens burned is based on a variety of factors, including the number of listings. Lastly, the network will conduct yearly burns. The schedule for these burnings starts the second year with 50% of all listing fees burned. From there, the annual burns will decrease by 50%. 

Powerful Tokenomics Strategy

Uniquely, there are only 30.000 RIGEL scheduled for release, with the last coin issued sometime in December 2022. This low token supply means that the demand for RIGEL will see continued growth as the project matures. The value of the token has already risen since the private sale sold out. There are currently 7600 RIGEL in circulation. 

A Multi-Token Approach to Combat Inflation

Rigel Finance was built to ensure that future yield farmers and stakers would enjoy healthy ROIs. The network utilizes a multi-token approach to accomplish this task. The network’s primary governance token is RIGEL. 

RIGEL is what you hold to gain voting rights on vital upgrades to the network, such as adding a new farming pool. You also have a staking token called xRigel and a yield farming token called RigelSwap V2 RLP. Since all of these tokens are deflationary in nature, each is expected to increase in demand in the coming weeks.  

Progress of Development

Rigel’s network is already live. The network intends to list its token in the coming weeks on seven top exchanges. Each listing will add liquidity to the platform and increase the demand for this scarce token. RIGEL is already available on  Bithumb Global, Bilaxy, Rigel Swap, Uniswap, and 0x Protocol.

Notably, the network has a well-thought marketing and launch strategy dubbed the “Take Me To Rigel” campaign. This campaign includes multiple token listings, the full launch of the platform, early-bird investor bonuses, and the start of a wide-spread marketing push.   

Rigel Wallet

Another feature to look out for is the Rigel Wallet. This DeFi wallet is available as a free download on all Android devices. The wallet has high interoperability due to its WalletConnect integration. You can save any ERC-20 token with ease and check the balances and other vital data at a glance. Best of all, 50% of all the network’s fees go to the deflationary protocol. 

Stake and Earn 

You can also stake your tokens on Rigel Finance. Staking is a core feature on most DeFi platforms nowadays. Staking is considered a better alternative to trading by many investors because it requires far less work. When you trade cryptocurrencies, you must research, analyze, and actively monitor and manage your investments. 

When you stake your cryptocurrencies on Rigel, you simply lock your crypto into a smart contract. The more tokens you stake, and the longer you keep your holdings locked, the higher rewards you will earn. Best of all, these rewards are guaranteed, versus trading, where market movements are impossible to predict with 100% accuracy. 

Unlimited Growth Potential

Rigel Finance’s tokenomics make it stand out from other projects in DeFi currently. The developers behind this platform found a nice balance between features and usability to attract investor interest. It will be interesting to see the effects of such a low token issuance.

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Press Release

Big Red $Td’s Sister Project, $CULO, Announced as Key Sponsor for Karate Combat Kickback 2

Crypto Chain Wire

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Karate Combat Kickback 2 is set to revolutionize the world of combat sports, and Big Red $Td’s sister project, $CULO, will be playing a pivotal role as one of the event’s key sponsors. This beachside battle, taking place at the stunning Parque de Fundadores in Playa del Carmen, Mexico, promises an unparalleled experience for fans and athletes alike.

As the mighty heavyweight champion Smilen’ Sam Alvey defends his hard-won title against challenger Antonio Arroyo, the presence of $CULO, sponsored by Big Red $Td, adds an extra layer of excitement to the event. Karate Combat is renowned as the premier full-contact striking league, blending live-action karate with immersive CGI environments powered by the Epic Games Unreal gaming and virtual production engine.

Featuring Olympic medalists and national champions from around the world competing in eight different weight divisions, Karate Combat is streamed and broadcast to over 100 countries worldwide. Karate Combat boasts league ambassadors such as Bas Rutten, George St-Pierre, Lyoto Machida, and Stephen “Wonderboy” Thompson.

The event will also draw attention from influencers and celebrities, with notable attendees including MoonDaddy, Bitboy, Rodney, and of course George CryptosR_Us.

A Deep Dive into Big Red $Td:

Origins and Vision:

Big Red $Td is not just a meme trading project; it’s a tribute to the rich heritage and innovative spirit of Cornell University. Founded on the Avalanche (AVAX) blockchain, Big Red $Td embodies the ethos of its namesake, combining tradition with cutting-edge technology. The project’s vision is to dominate meme trading while honoring Cornell’s legacy of excellence.

The Cornell Connection:

Cornell University, with its storied history and academic prowess, serves as the inspiration behind Big Red $Td. From its iconic red and white colors to the beloved “Big Red” nickname, Cornell’s influence permeates every aspect of the project. The decision to launch on the AVAX blockchain, rooted in Cornell research, further solidifies the bond between Big Red $Td and its alma mater.

Avalanche Blockchain and Cornell Influence:

The AVAX blockchain, built on research initiated at Cornell, provides the perfect platform for Big Red $Td’s aspirations. Led by Emin Gün Sirer, the CEO of Ava Labs and an associate professor of computer science at Cornell, Avalanche represents a groundbreaking leap in decentralized systems. The collaboration between Cornell and Avalanche underscores the university’s commitment to fostering innovation and entrepreneurship.

Features and Ambitions:

Big Red $Td aims to dominate meme trading on the AVAX blockchain, leveraging its unique features and community-driven ethos. With its vibrant ecosystem and passionate community, Big Red $Td seeks to redefine the meme trading landscape while staying true to Cornell’s values of integrity and excellence.

Fully Doxxed Team and Community Engagement:

The Big Red $Td team comprises experienced professionals from diverse backgrounds, united by their shared passion for blockchain technology and meme trading. With a fully doxxed team and transparent development process, Big Red $Td prioritizes community engagement and inclusivity, fostering a supportive environment for investors and enthusiasts alike.

The Future of Big Red $Td:

As Big Red $Td continues to gain traction in the crypto space, the team remains committed to its mission of dominance on the AVAX blockchain. With upcoming initiatives and partnerships on the horizon, Big Red $Td is poised to solidify its position as a leading player in the meme trading arena.

About $CULO:

$CULO, the sister project of Big Red $Td, is also set to make waves in the crypto world. With a focus on dominating trading on the Polygon blockchain, $CULO shares Big Red $Td’s commitment to excellence and innovation. Together, Big Red $Td and $CULO form a dynamic duo, poised to disrupt the meme trading landscape across multiple blockchains.

For More Information:

– Website: https://thebigredcrypto.com/

– Telegram: https://t.me/TheBigRedTD

– Twitter: https://twitter.com/BigRed_TD

– Contract Address for Big Red $Td: 0x87bbfc9dcb66caa8ce7582a3f17b60a25cd8a248)

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Press Release

Wemade’s Night Crows Achieves Record-Breaking $10 Million In Global Sales Within Three Days Of Launch

Crypto Chain Wire

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  • Over a million pre-registration sign-ups
  • Among the top 10 free new RPG games by downloads in major gaming markets including the United States, the United Kingdom and Japan
  • More than 600 streamers joining the Streamer Supporting System

Leading global game developer Wemade, today announced that the blockbuster MMORPG NIGHT CROWS has surpassed $10 million in global sales within just three days of launch (March 12th). NIGHT CROWS has reached the same milestone ten times faster than the highly successful MIR4 Global launch in 2021, outpacing all previous game titles published by Wemade, and marking an unprecedented milestone in the company’s history.

Rising demand from gamers worldwide

Developed by MADNGINE, the game seamlessly integrates proven content with advanced blockchain technology, including multi-tokenomics, character NFTs, and the “unagi(x)” omnichain messaging protocol. NIGHT CROWS features Unreal Engine 5’s cutting-edge graphics including a fully dynamic global illumination and reflections solution, a thrilling blend of history and fantasy, and innovative features like the use of “Gliders”. Going beyond the simple flight using elevation differences, Gliders enable gliding, hovering, and various strategies for combat by utilizing updrafts, offering a three-dimensional action experience that breaks away from flat-surfaced battles.

This has contributed to a rapidly expanding user base with the average number of concurrent users exceeding 230,000 and reaching a peak of nearly 300,000 players. To accommodate this growth, Wemade has swiftly scaled server capacity, expanding from the initial 24 servers to a current count of 69 to meet the high demand.

Surging to the top of global app rankings in first 24 hours

With over a million pre-registration sign-ups, NIGHT CROWS has shot to the top of the Google Play Store and Apple App Store app rankings worldwide within 24 hours after launching in 170 countries. NIGHT CROWS was among the top 10 free new RPG games by downloads on the App Store and/or Google Play Store in major gaming markets including the United States, the United Kingdom and Japan. 

Streamer Supporting System see early success 

The unique “Streamer Supporting System” (SSS), which fosters a mutually beneficial ecosystem for streamers, supporters, and the game itself, is seeing early success with over 600 active streamers already signed up. Streamers including Kyrobell in the Philippines (86,500 Youtube followers) and Kyoinfinity (33,800 Twitch followers) are driving further user growth with more than 50 livestreams and video walkthroughs of the game already available on the SSS portal.

Discover the world of NIGHT CROWS and learn more at www.nightcrows.com. Streamers can join the Streamer Supporting System at https://www.nightcrows.com/en/sss/introduce.

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Press Release

Breaking Boundaries: Dubai Set to Redefine Blockchain Technology at WBS Dubai

Crypto Chain Wire

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The 29th edition of the World Blockchain Summit, organised by Trescon and co-hosted by Sun Minimeal, returns to Dubai on 22-23rd April 2024 at the iconic JW Marriott Hotel Marina. This highly anticipated event is summit is set to become a major focal point for global web3 and blockchain innovators to take note of the region’s efforts towards a web3-driven future. This eagerly awaited edition is poised to become a critical hub for global web3 and blockchain innovators, highlighting UAE’s efforts towards a future driven by web3 technology.

The Summit, one of the longest-running global blockchain series, has become a pivotal platform for leading and emerging blockchain and web3 innovators, visionaries, though-leaders and policymakers to deliberate over the trending innovations and solutions that are driving the inclusion of blockchain-based solutions in critical sectors of the global economy.

Benefiting from supportive government policies and a shift towards a digital-first economy, Dubai is solidifying its position as a leading global hub for blockchain innovation, enhancing its digital infrastructure comprehensively. The launch of the Dubai AI & Web3 Campus by the DIFC, alongside the Virtual Assets Regulatory Agency (VARA) Dubai, has attracted global investors and innovators eager to play a pivotal role in nurturing a dynamic digital ecosystem within the UAE.

The Summit will host over 2,000 web3 decision-makers, 300+ investors, and more than 50 speakers. The event will also feature the regional finale of the Startup World Cup organised by the renowned US-based venture capital firm Pegasus Ventures, offering the winner a chance to secure a spot to pitch at the global finals in San Francisco, with a potential prize of US$1 million in funding.

#WBSDubai showcases compelling keynote speeches, use-case presentations by prominent blockchain visionaries and experts, and engaging panel discussions on pivotal topics shaping the web3 landscape. Some of the themes that will be explored at the event include 2024 Blockchain Ecosystem Market Analysis, Decrypting the Regulatory Landscape of Virtual Assets, Emerging Trends in Enterprise Blockchain Adoption, The rise of AI-Blockchain integration and more.

Some of the notable speakers attending the event include:

  • Pascal Gauthier, Chairman & CEO, Ledger
  • Roham Gharegozlou, Co-founder and CEO, Dapper Labs
  • Mike Belshe, Co-Founder & CEO, BitGo
  • Bertrand Levy, VP Global Partnerships, SANDBOX
  • George Gvazava, Chief Crypto Officer, Bank of Georgia
  • Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC., Circle
  • Yosuke Yoshida, Co-CEO of EMURGO Middle East & Africa CEO of EMURGO Kepple Ventures, EMURGO
  • Bandar Altunisi, Head of Development for Binance in Saudi Arabia Head of Institutional Relationships for Binance Dubai (FZE), Binance
  • Reece Merrick, Managing Director, Middle East & Africa, Ripple

Sharing their enthusiasm about the event, George Gvazava, Chief Crypto Officer, Bank of Georgia said,” In the realm of innovation, the World Blockchain Summit serves not only as a gathering of minds but as a crucible, where ideas are forged into the connections, use-cases and technologies of tomorrow.”

“In the heart of Dubai’s dynamic tech landscape, blockchain technology stands as a cornerstone in the UAE’s digital transformation. Trescon plays a pivotal role, connecting global entrepreneurs and startups with leading investors and experts. The World Blockchain Summit offers a prime venue for unveiling the latest in blockchain innovation and insights.”, said Sharath Kumar, Commercial Director, Trescon

Registration for the World Blockchain Summit Dubai is still open. Seize the chance to book your slots today and prepare to be a part of another thrilling blockchain and crypto event of the year. Don’t let this opportunity slip away!!

The 29th edition of the World Blockchain Summit is supported by:

Co-Host – Sun Minimeal

Co-Powered By – Ecrox Chain

Gold Sponsor – Medifakt, Crypto2Cash, Anbruggen,

Silver Sponsor- Kreation, Coingames, Reat Capital

Lanyard Sponsor- M2

Badge Sponsor- Ledn

Bronze Sponsor- BitGo,  Block Convey, M2

Exhibitors- Reltime, Qoneqt , C# Corner

Official Accommodation Partner- HotelPlanner

Business Broadcast Partner – CNBC Arabia

Official Newspaper Partner- The Fintech Times

Official Digital PR Distribution Partner – ZEX PR Wire

ABM Partner- Demandify

Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association

Prime Media Partner- Demandteq

About World Blockchain Summit (WBS)

World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally.

WBS is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

To book your tickets, visit: https://www.worldblockchainsummit.com/dxb-apr-24?utm_source=media%20PR%20rd2&utm_medium=ZexPR#Ticket-booking-sections

Contact

Shadi Dawi

Director, Public Relations & Partnerships – MENATrescon

shadi@tresconglobal.com

+971 55 498 4989

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