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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

WEMIX Unveils Groundbreaking Updates for a Sustainable Blockchain Gaming Future

Crypto Chain Wire

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WEMIX is thrilled to have unveiled its latest ecosystem updates and developments during WEMIX DAY. This special event featured an in-depth video presentation showcasing significant changes and innovations within the WEMIX ecosystem, marking the start of a new era for blockchain gaming.

Dedicated to enhancing the sustainability of its ecosystem through the “Prioritize and Focus” strategy, WEMIX is driving continuous change. Join us at WEMIX DAY as we reveal the future of the revitalized WEMIX ecosystem.

Watch the WEMIX DAY Video Presentation: YouTube Link.

During WEMIX DAY, we introduced several key initiatives and updates that will drive the future growth and sustainability of the WEMIX ecosystem:

WEMIX PLAY

WEMIX Pay 

WEMIX Pay is an innovative payment method for purchasing game content using the WEMIX native token, slated for release in the second half of this year. This feature is designed to establish WEMIX as a robust utility token, integrating seamlessly into major WEMIX PLAY games and driving increased utility and demand for WEMIX. Using WEMIX Pay earns you both PLAY Tokens and Prime Points, which are crucial for fueling the growth and sustainability of the WEMIX PLAY platform.

PLAY Token 

A key component of WEMIX Pay is the PLAY Token, a cryptocurrency obtained through WEMIX transactions and uniquely tied to actual game revenue. Unlike other tokens issued in large quantities without practical use, PLAY Tokens will only be minted when real game revenue is generated by WEMIX Pay. These PLAY Tokens are subsequently burned and not recirculated, preventing inflation. 

PLAY Tokens are primarily obtained through WEMIX Pay transactions, and can be exchanged for REFLECT Tokens at a fixed rate, providing a consistent value and facilitating transactions within the ecosystem. Reflect Tokens are designed to enhance the liquidity and stability of the WEMIX platform, enabling users to seamlessly convert their in-game earnings into a more stable form of currency that can be used across various WEMIX services and platforms.

Users can also receive PLAY Tokens as a reward for signing up early (pre-registration) and for participating in various activities within the WEMIX PLAY gaming community. These activities could include tasks such as playing games, completing challenges, engaging with the community, or other in-game and platform-based actions.

Prime Points 

Prime Points operate as a mileage system within the WEMIX ecosystem, earned in conjunction with PLAY Tokens through WEMIX Pay. Accumulating Prime Points increases your Prime Points level, unlocking exclusive benefits at each tier, including VIP passes, NFTs, airdrops, and early access to games. Further details on how to earn Prime Points through various ecosystem activities will be released soon.

WEMIX Buy-Back 

Designed as a virtuous cycle system, WEMIX Buy-Back allocates a minimum of 4-5% of WEMIX Pay revenue towards reducing supply and increasing user benefits.

WEMIX PLAY Reborn: https://wemixplay.com

The WEMIX PLAY platform is being reborn as a community-centric hub for blockchain games, where gamers and content creators can interact, share game strategies, enjoy memes, preview game art, and watch developer Ask Me Anything (AMA) sessions. The newly revamped WEMIX PLAY will launch in beta in the second half of the year.

Upcoming New Games on WEMIX PLAY

  • Legend of Ymir: Based on Norse mythology, this game showcases realistic, dynamic character animations achieved through advanced facial expression and motion capture technology. It is scheduled for a global release in late 2025.
  • Project M: Developed by the esteemed studio behind the legendary MIR series, this Web3 MMORPG builds on the legacy of blockchain games, MIR4 and NIGHT CROWS. It is slated for release after 2025.
  • Meta Toy DragonZ SAGA: A collectible RPG where players collect and nurture unique toy dragons, expected to be released in the fourth quarter of this year.
  • Crystals of Naramunz: An RPG set in a steampunk world with charming anthropomorphic characters. It is planned for an early 2025 release.

All games in the upcoming lineup will integrate WEMIX Pay, enhancing their utility and contributing to WEMIX Buy-Back resources, and foster a healthier ecosystem.

Wepublic: https://wepublic.com

Wepublic leverages the advanced blockchain technology of WEMIX to promote transparency in society. By utilizing blockchain, Wepublic enables transparent decision-making and fund flows. The platform’s SBT (Soulbound Token) based certification voting system ensures transparency by recording all decision-making processes on the blockchain. This innovative voting system has been successfully implemented in universities and religious institutions and will be accessible as an open platform by 2025.

Moreover, the blockchain-based Wepublic points system allows organizations to raise and use funds transparently without needing external audits, sharing the flow of funds with DAO members. The WEMIX donation feature, added last June, and the upcoming funding project service launching this August will help various organizations raise funds transparently for common goals.

Brioche Hard Fork

The recent Brioche Hard Fork saw approximately 434 million WEMIX burned and introduced a halving mechanism, reducing the amount of WEMIX minted per block in half. This marks the start of a healthier WEMIX ecosystem.

WEMIX: Committed to an Immersive Blockchain Gaming Experience

WEMIX remains steadfast in its commitment to delivering an immersive blockchain gaming experience through targeted strategies. Our unwavering dedication to ushering in a new era for WEMIX promises many more innovations on the horizon. Pre-register now for the newly revamped WEMIX PLAY gaming community platform to receive PLAY Tokens, and stay tuned for details on the upcoming PLAY Token airdrop for community participants.

For more information, please visit www.wemix.com or contact: pr@wemix.com.

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Press Release

Physical Doge (PDOGE) Opens Multi-Round Presale Targeting Early Supporters

Crypto Chain Wire

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Physical Doge (DOGE) has recently opened its multi-round presale for early supporters of the meme-inspired cryptocurrency. This event gives decreasing bonuses per round, with the first round offering an impressive 40% bonus for purchases. 

The project also features a clear token distribution plan, with allocations for presale, liquidity & listing, staking, and community rewards. With well-defined plans ahead, Physical Doge aims to become the next trendy project in the meme coin niche.

A Rare Opportunity for Memecoin Lovers

The ongoing presale for $PDOGE offers a rare opportunity for memecoin lovers. With its meticulously designed tokenomics and carefully planned distribution schedule, it ensures fairness and sustainability. 

Here is how it works: Round 1 of the presale offers a +40% bonus for purchases up to 5,000,000 $PDOGE. In Round 2, buyers can still enjoy a +25% bonus for purchases between 5,000,001 to 9,000,000 $PDOGE. The final opportunity in Round 3 grants a +17% bonus for purchases between 9,000,001 to 15,000,000 $PDOGE.

But that’s not all. There is a total supply of only 100,000,000 $PDOGE tokens. Allocations include Presale, Liquidity, Listing, Staking, and Community Rewards. The project ensures a balanced token distribution, meaning investors may see significant rewards as the project grows.

Physical DOGE – Present Features and Future Plans

The Physical DOGE team has shared several key features of this project. First of all, users can enjoy the ease and convenience of purchasing through the BNB Chain with minimal fees. 

Additionally, once purchased, the ownership of the Physical DOGE token immediately goes to the buyer. This prevents any delays or complications in owning the token.

Aiming to promote fair distribution and prevent market manipulation, each person is limited to a $5000 purchase limit. This strategy promotes equal participation and deters dumping activities by large investors or “whales.” Furthermore, upon completion of the presale phase, Physical DOGE will go live on top tier-2 exchanges.

One aspect that sets Physical DOGE apart from other memecoins is its initial market capitalization of only 5 million. Aiming low initially allows for gradual growth and stability in the long run.

Looking toward the future, it is important to mention that the Physical DOGE team has designed a roadmap of four phases. Phase 1 (or the “training” phase) involves rigorous preparation through physical and strategic training. This included the creation of a clear whitepaper to guide and unite the community. 

Phase 2 (the “King of Street” phase) lists staking, KOL collaborations, and large-scale marketing as key milestones. This phase aims to demonstrate Physical DOGE’s prowess in competitive environments.

Phase 3 (“Octagon”) will focus on hosting campaign events, launching staking platforms, securing users, and listing on top tier-2 exchanges.

Finally, Phase 4 (or the “Champion” phase) will push PDOGE on tier-1 exchanges. The team will also work to maintain solid prices through KOL partnerships and platforms and secure more users.

About Physical DOGE

Physical DOGE (PDOGE) is a new and exciting project inspired by the legendary Dogecoin phenomenon. It brings together a team of talented indie game artists who are passionate about web3 mining games. The team envisions a world where Dr. Koch, driven by a visionary dream, infuses Shiba Inu with potent muscle DNA. This is how the “Physical DOGE” meme came to life.

Beyond the meme power, this project has solid features and a clear roadmap. Multi-round presale offers bonuses up to +40%, creating a rare buying opportunity for early supporters. The project comes with a well-designed tokenomics, ensuring fairness and sustainability.

Anyone curious to learn how Physical DOGE works can simply visit the project’s website or read the whitepaper. As always in the crypto sector, PDOGE’s social pages provide valuable information and updates.

X (Twitter) | Telegram

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Blockchain

$PRICK is the new PEPE: get a 75% token bonus ahead of the listing on OKX

Crypto Chain Wire

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$PRICK on Solana already has a community of 1 million users, an NFT collection with a 75% cashback for holders, and a Telegram game with a 200 SOL monthly prize pool. With several major CEX listings coming starting from July 22, $PRICK is ready for a fast expansion.

The incredible rise of $PRICK: from a meme to an ecosystem with NFTs and a clicker game

$PRICK stands for Pickle Rick, and it’s one of the most talked about memecoin ecosystems on Solana. What started as a fun meme quickly became an ambitious project boosted by its passionate community of almost 1 million users, including 240 thousand on X (Twitter) and 740 thousand on Telegram. 

So successful is $PRICK that at least three major exchanges have already agreed or tentatively agreed to list it, including OKX, BingX, Bybit, and BitGet.

What is it about $PRICK that makes users pick it over hundreds of other memecoins on Solana? There are multiple factors, including fair token distribution; very good price performance; a game with large prizes in SOL and $PRICK; and NFTs that make holders eligible for a raffle and a 75% cashback.

Robust and fair tokenomics

  • The team has burned all the initial LP tokens, then renounced contract ownership;
  • 10% of the circulating supply was purchased in the open market and locked to finance CEX listings, community airdrop, and token burns;
  • There is no tax on buying, selling, or sending $PRICK;
  • The rest of the 1 billion $PRICK supply is released smoothly at the rate of 1% a month. 

Positive price dynamics and potential

Since its DEX launch at the end of May, $PRICK has never gone below the initial listing price – something that very few Solana memecoins can boast of. At the same time, the price currently sits 70% below the ATH, creating an interesting opportunity for buyers ahead of the scheduled listings on OKS, Bybit, and BingX. 

Telegram clicker game

$PRICK is one of the first memecoins to launch its own Telegram clicker game, inspired by the success of Hamster Kombat and Notcoin. As players earn points and complete tasks, they climb the leaderboard and compete for a share of the monthly 200 SOL prize pool and large bonuses in $PRICK. 

Mint one of the 101 NFTs to get 75% back in $PRICK and a ticket for the 1,000 SOL raffle

Pickle Rick’s exclusive NFT collection was launched on July 15 and features only 101 NFTs, each with a unique hand-drawn design of the title character, Pickle Rick. The main advantage of holding a Pickle Rick NFT is a massive 75% cashback in $PRICK that each holder will receive once the token is listed on OKX or Bybit on July 22. 

 Moreover, upon the listing on Bybit, the project will hold a raffle for all its NFT holders with a prize pool of 1,000 SOL. 

The cashback is calculated as 75% of the mint price of 12 SOL, translated into $PRICK at the exchange rate on July 22 (the listing day). As of the time of writing, part of the collection is still available to mint, but users should act quickly so as not to miss this opportunity. 

OKX and other major CEX listings coming soon – and where to buy $PRICK right now

The team of $PRICK has successfully negotiated with several large crypto exchanges to list the token. The series of listings is scheduled to start on July 22 with OKX, followed by $PRICK launch on BingX, Bybit, and BitGet. 

The news of each new listing can cause a significant surge of the $PRICK price. Ahead of the listings on these major platforms, users can already buy $PRICK on the following exchanges:

Raydium (Solana): $PRICK/SOL, contract address 6zoshtkmyX4kRFg3p152yV2bPssxeYdNvW3c6EVCE4UP

MEXC: $PRICK/USDT

In less than two months, Pickle Rick ($PRICK) has built one of the most active meme ecosystems on Solana, with hundreds of thousands of loyal followers, a generous system of incentives, NFTs, and even a game. This is just the beginning, however, as the team promises even more bullish news in the coming weeks. 

Follow $PRICK on social media

Official website

X (Twitter)

Telegram

DexScreener

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