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

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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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BULLZ launches new campaign manager for web3 projects to collaborate with content creators

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BULLZ, known as the “TikTok of Crypto ”, is the first dedicated platform for users to discover and get rewarded for blockchain and crypto-related recommendations. Meanwhile having onboarded creators with an amassed 24m+ reach, the app has announced its feature expansion for verified creators and web3 projects to collaborate seamlessly. The new BULLZ Campaign Manager is available for any web3 related project to launch a campaign and receive user-generated content from top verified creators.

Brands can now instantly set up content requests through the BULLZ Campaign Manager to help boost their marketing, social proof and overall project awareness. After setting up the campaign, it is immediately broadcasted to verified BULLZ creators directly within the app. Creators can view the details, discover the project and decide whether to submit to the campaign by creating and uploading a video about the project.

Depending on the campaign settings, content creators can also earn more rewards for sharing the content on Twitter and/or Instagram. This ensures the content creation and content distribution for web3 brands. After submitting to a campaign, creators receive the $WOM reward instantly in their wallet. Since the content is part of a brand campaign, it is labeled as “sponsored” within the BULLZ app to ensure transparency. BULLZ has already initiated first campaign use-cases with various crypto projects, including Jigstack, Mad Metaverse, and leading music NFT Marketplace ROCKI.

Bjorn Niclas, CEO & Co-Founder – ROCKI: “We are excited to create campaigns on BULLZ as it not only supports our content marketing but in a way also helps onboard more potential users who might have not known about ROCKI but now get to learn more about what we are doing. Videos are also a great medium to grab attention and bring awareness.”

Melanie Mohr, CEO & Founder of BULLZ: “This new feature for brands and creators will really fuel web3 marketing and community building to a next level. We know how hard it is for web3 related projects to market the amazing products they are building. Now they can easily set up campaigns as content requests in under 5 minutes and start seeing the first influx of content around their products. There is no selection process, as every verified creator sees the campaign and can personally decide to submit or not. This helps maintain authenticity and is seen within the content.”

The BULLZ app is available for both iOS and android users. BULLZ has integrated the WOM Protocol as an economic incentive system that allows users to monetize their word-of-mouth recommendations about blockchain-related projects.

About the WOM Protocol

WOM (word-of-mouth) Protocol is a blockchain-based protocol that gives brands, content creators, publishers, and social networks a way to monetize word-of-mouth recommendations on any website, app or platform. WOM is backed by dozens of seasoned investors from around the globe. For more info about WOM: https://womprotocol.io

About BULLZ

BULLZ is a dedicated app for discovering authentic blockchain and crypto-related recommendations. Users can find trending projects, discuss them together with other crypto enthusiasts and experts and can get rewarded for sharing their own videos about the projects and companies they love. With the “promote to earn” model, users are rewarded with WOM Tokens for their recommendations directly within the app. For more information about BULLZ: https://bullz.com

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Press Release

Lyfe, the first music artist to debut its own Metaverse

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Miami-based entrepreneur Antonio Trincao, a.k.a. Lyfe, has unveiled the imminent release of his music album and the most innovative entertainment experiences and concerts in his own unique medium: The Odyssey Metaverse.

Introducing Lyfe from The Odyssey

After turning his career from being a tech entrepreneur to a full time music artist, Antonio Trincao a.ka. Lyfe shares how he got to do this transition in his career:

“My dream is to create music that becomes the bridge for anyone to start pursuing their own dreams. I believe that we live in a period in time that we are going through a global spiritual awakening, where people will actually want to break free. My generation wants to eat well, exercise, study, learn, dream and celebrate life in the most meaningful manner.

We want to make money and live our life by doing what we love.

I came to terms that I want to pursue what I love. And I found that one of the main pillars of this revolution of “pursuing what you love” will be the Metaverse. I think if done right, it will become the foundation that allows people to ideate, create and pursue their dreams, and develop their own businesses in a transparent and truly engaging online world.

The thing I’m proud, is that we actually have a Metaverse platform that works, has beautiful 3D graphics that provides a pleasant experience for fans, has engaging features that as an example allows fans to meet me virtually and see me, and works in any smartphone or laptop. No headsets needed.

On the other hand I also love real life. I love people. I love performing, but the power that a virtual world platform gives to you is unbelievable, because there is no limit of what you can do.

So I want to revolutionize the entertainment industry by co-ideating with my fans the most spectacular worlds, and perform the most unique concert experiences first in The Odyssey and then replicating in real life.”

Lyfe shared that he gained this knowledge after producing a virtual concert back in 2020 with super stars Farina and Toosii that had more than 40,000 attendees and 1,000,000 views across social media platforms.

The former tech entrepreneur shares also shared that the first step to be part embark on this journey is getting the Lyfe book.

“I decided to create a book with 6 chapters, with a strong focus on my life journey until now as an entrepreneur. Not from a place of ego, but more from a place of vulnerability so that people understand why I am doing this.

In 2020 I had one of the most turbulent years of my life after pivoting my first company (events marketplace) to a virtual events platform, face rapid growth and fail to deliver product to customers.

This led to a huge financial crisis and debt and something that was the catalyst to really ask what do I want to do with my life!

Building something out of nothing, and tell a story with true purpose, it’s probably one of the best feelings in life. You really feel like a pirate on the discovery of the unknown. Although my problem is that I never truly pursued the purpose I believed in, in the way that I’m truly made to pursue. In the way that I truly love, and in the way that I know I’m gifted. Through music.”

The Lyfe NFT Book

On June 20th, 2022, Lyfe unveils the real-life NFT book with a limited edition of 50,000 copies, that contains the journey for Lyfe fans including his story, the why of his music, and citizenship passes to access The Odyssey Metaverse entertainment experiences.

Lyfe journey to The Odyssey shared in the Book

Lyfe and his team have created a journey that serves the purpose of his music.

Empowering humans to bring their dreams to life.

Lyfe states “I feel that the world has lost its soul, and at the same time we are looking to feel more spiritually connected. My music and the type of concert experiences that I will create for my fans will help them discover their passions, and what they truly love. This book, the music and experiences that I create it’s all about helping you get there.”

The First Step

Lyfe is dropping the first song from his album, with the sole purpose of empowering his fans to pursue what they love in life.

Those holding Lyfe’s NFT book will also have a partial royalty on the song launch.

Lyfe shared “My dream is that the song translates the messaging behind the Lyfe Revolution, which serves has a daily ignitor and catalyst to help humans pursue the very best version of themselves.

On top of that, I believe this is the first time of the history of our civilization that we can actually break free, achieve the financial freedom that we always dreamed about and truly pursue what our heart and dreams wants. Therefore all the holders of the book should have a partial royalty, because this song was made for them. To support them. To empower them.” 

The Second Step

Lyfe is challenging all its community members to get the Galatian NFT a collection of 7,777 characters with the sole goal of doing the #lyfexercise a 5-day tech detox.

Galatians will have to turn off their smartphones, laptops, and hardware devices during this period. Instead of using their devices, they will have to connect with their inner spiritual soul by writing and thinking about various questions such as:

●  What makes them happy?

●  What are their fears?

●  What are their dreams?

●  What have they accomplished in the last 2, 3, 5, or 10 years?

●  What are they ashamed of?

After completing the challenge, members will be rewarded with an exclusive Lyfe metaverse video concert airdrop and special merch members only sale.

Lyfe shared “I want my fans to feel empowered from day one. I want them to think about what they truly love in life. And let my music be their daily friend that comes and says hi while they go on that journey.

The Third Step

Lyfe will launch the y-Chains, a 2,000 edition in real life, and Metaverse chains, giving Lyfe fans “The Galatians” a citizenship pass in The Odyssey Metaverse. The citizenship pass will feature two elements:

●  Full features that come with the citizenship, including video calls, shopping in-world, events, so that Lyfe Fans “The Galatians” can meet Lyfe and other members, and participate in experiences

●  Access to the all areas of The Odyssey and discovery Lyfe’s most unique entertainment experiences.


Lyfe quotes:

“My vision is actually to create entertainment experiences designed by the fans. I want to co-build concerts with my fans and community. I want them to ideate experiences, create products, organize event experiences so we can build the most unique entertainment experiences that the world has ever seen.”

Lyfe shared with our team that, more chapters will be unlocked after the Chapter 3 y-Chains but as of right now remain in secrecy and will be only revealed upon completion.

Lyfe also states his wish to help shift from the culture of “addiction” and overuse of online platforms like Facebook or Instagram:

“One of the very first things I want to achieve with our community that we are creating is that my fans have a limit of 4 hours a day of usage in The Odyssey. My team and I think 4 hours will allow fans to experience the best entertainment experiences online, meeting other like-minded fans and still enjoy the outside world and spend time in real life.”

About Lyfe

Antonio Trincao, a.k.a. Lyfe, is an artist and entrepreneur based in Miami, Florida. 

“I see myself more as a Steward of the message: Pursue what you love. I want to create music that endures the purpose of this community. Now, I am actively recruiting to fill all executive positions, including CEO and COO to help operate The Odyssey which will be the playground for my fans and my concert experiences, while I focus on what I love… Music!”

The Odyssey aims to become a defining project in crypto, NFTs, and the Metaverse. Lyfe and his project will launch a summer tour of events, starting with the official launch during NFT NYC, where fans can meet Lyfe and get to learn more about his vision in person.

For more information and to start your journey with Lyfe please follow the links below:

Lyfe | website | Lyfe on Instagram |

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Press Release

Inaugural ZENCON a resounding success

Crypto Chain Wire

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Over 200 participants and attendees of the 68-Hour-Hackathon produced 24 projects across 5 categories on the newly introduced ZENIQ Smartchain. Conference to return next year.

It wasn’t only the views that were breathtaking. Once the virtual dust had settled, so were the results of the inaugural “ZENCON Technology Conference and Innovation Awards Hackathon” at the Grand Hyatt Hotel conference location in Playa del Carmen, Mexico.

Under a strict time limit of just 68 hours the attendees of the Hackathon event produced stunning results that made the high-caliber jury of Shahin Kamran (Vice President Blockchain Product Development & Innovation at Mastercard), Oderli Ferriani (CEO TUPAN.io a S.E.C regulated token), Rodrigo Espinosa (DIRECTOR at Greentech cluster & International Cleantech network), Mag. Erwin Dokter (CEO of ZENIQ(R) Technologies Ltd.) and Fernando Unzue (Business Technical Director in Data Loyalty) wonder if it would be fair to declare winners.

“We knew we arguably had some of the brightest minds in blockchain development on site here in Mexico. But then these hackers came storming out of the gates and the results were nothing short of spectacular,” said Dokter, co-founder of ZENIQ, the company behind ZENCON. “It’s exactly what we hoped for – an in-person event that would spark creativity and showcase what the ZENIQ Blockchain and Smartchain really are capable of.”

It is fair to say that the conference checked both boxes. In total, 200 developers and innovators attended the conference, making the inaugural event a resounding success. 24 projects were created across five categories. Eventually, the jury had to make a call and awarded these projects prizes ranging between 10,000 and 20,000 USD.

The second inaugural “ZENCON Technology Conference and Innovation Awards Hackathon” will be held in June 2023. The location will be announced at a later point in time.

CATEGORIES & WINNING PROJECTS

  • In the “Metaverse/Gaming” challenge, contrary to expectations, two extraordinarily exciting projects will share the $20,000 with $10,000 per project.
    • TeMe – An easier and more fun way to manage the information of the company’s employees (10.000$)
    • Netverse (A metaverse-project where the players can challenge each other for an amount of ZENIQ tokens) (10.000$)
  • In the “NFTs/Tokenization” challenge, the $20,000 prize money will be distributed to the N Farm project. N Farm is an NFT platform for the certification of food of animal origin that facilitates normative export.
  • In the Challenge “Decentralised Finance (DeFi) & Defi 2.0”, the $20,000 prize money goes to the True Commit project. The team builds accountability into finance and links investments directly to final purchases.
  • The $20,000 of “The world of Web 3.0/Tools & Infrastructure” Challenge was won by the team “Data Link”. The team focuses on incentives for data sharing and credential verification in the chain.
  • The category “B2B/B2C solutions on the ecosystem” presented a particularly exciting picture for all participants. The top prize of $20,000 went to DemeterGift. Their project focuses on fundraising as a service on the web3.

In addition, there were two special prizes that no one had expected. One was the Huitzil project, which simplifies the creation of smart contracts. The other was the FiDora project, which specialises in the decentralisation of real assets. Both projects were accepted into the ZENIQ Incubator Programme.

QUOTES

“ZENCON was a wonderful experience and I cannot wait to be a part of the next edition”, Damiany Rosales, Durango-Mexico

“I learned a lot about blockchain in general and how to interact and meet a lot of people from a lot of countries”, Salvador Gutierrez, Durango

“We came here with no expectations and were very pleasantly surprised to find so many motivated talents from all over the world. We are convinced that ZENIQ is creating a platform that will change the world for good. ZENIQ to the moon!”, Balint Tatai, Austria

“A fantastic hotel and a great opportunity to meet wonderful people and very well organised.

My team and I are already looking forward to next year’s event!” Vitali Kromine, London UK

About ZENCON

Introduced in 2022, ZENCON by ZENIQ is an annual technology conference and event to unleash the power of the ZENIQ blockchain technology. With more than 11,000 applicants for only 200 coveted spots, the ZENCON Hackathon will feature some of the world’s finest blockchain developers and innovation leaders. ZENCON 2022 is being held in Playa del Carmen, Mexico from June 3-8, 2022. More information about ZENCON can be found by visiting www.zencon.io.

About ZENIQ Technologies Ltd.

The blockchain project was launched in 2018 and ZENIQ Technologies Ltd. was officially established in May 2021. It is a research and development company that develops customised, proprietary software and hardware solutions based on blockchain technology. Based in Dubai, UAE, the company has quickly made a name for itself with the ZENIQ Hub, a unique hardware device for fully integrated decentralised usage of blockchain applications. Learn more about the ZENIQ ecosystem at www.zeniq.com.

Media Contact:

pr@zeniq.com

Eric Heinemann

CMO of ZENIQ Technologies

PR Contact:

ZEXPRWIRE

info@zexprwire.com

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