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The DeFi project that went from 0-350M in 2 months

Team Bitcoin Daily

Published

3 years ago

on

The success stories of DeFi and NFT have been the major highlights of the last six months. While 2021 is often referred to as the NFT year, many believe that the NFT hype will fade, allowing sustainable use cases to take center stage.

KoKoSwap is the perfect example of how NFTs have evolved and how a unique use case can grow even when the NFT space saw a significant loss in traction. 

KoKoSwap is just an NFT and DeFi platform but when the core technicals of this protocol are considered along with the features it provides, this growth seems like nothing but the first step of climbing Mount Everest.

What the future holds

The world is rapidly digitizing, and Blockchain technology is playing a significant role in this transformation. Given this, it is reasonable to predict that Blockchain will take the world by storm even further than it has already.

The explosion of blockchain technology attracted people all around the world. Its growing popularity led to many people wondering about its potential and resulted in unparalleled innovation in space. As a result, the world has been bestowed with concepts like DeFi and NFTs that bring with them a new hope of a better, more transparent system. 

About NFTs

NFT is an abbreviation for Non-fungible token, which is a digital way of representing a unique asset. One bitcoin can be exchanged for another, but NFTs are not. They represent a distinct set of characteristics that belong to and define an asset’s existence.

The use of NFTs enables a digital, immutable proof of ownership that establishes the authenticity of an asset. 

The only difference between an NFT and a traditional asset is that instead of receiving the same physically, a person would own it in the form of a digital file. It would be unique, authenticated, and would have a monetary value as well.

The secret to KokoSwap’s success

KoKoSwap takes the NFT space one step further by introducing the powers of DeFi. 

In essence, KokoSwap’s decentralized platform enables users to take advantage of DeFi features such as staking and swapping while engaging in NFT-related activities. It also combines this potent synergy with the world of gaming to provide an unrivaled use case.

This allows KokoSwap to gamify the users’ activities and make trading fun. Users can play and win on the platform while doing their everyday trading and investment activities. 

From a different perspective, this allows KokoSwap to allow more stability and sustainability to the volatile space of DeFi. This applies to all the features accommodated by the KoKoSwap platform that includes NFTs, Staking, and Gaming. 

Another main aspect of KoKoSwap is the holistic ecosystem which encapsulates all the features available on the platform and powers them with a seamless financial ability through the KOKO token.

KOKO is the native currency of the platform that acts as the fuel for the ecosystem. Users can buy NFTs, do staking to get rewards, KokoSwap, KoKoStake, KoKoAvatar, or perform other such activities through the use of KOKO token.

In a sense, the KOKO token has played a major role in the journey of KokoSwap for achieving a 1.6B Market cap. 

Taking this even further is the KokoSwap’s Social Knockout event. The event is one of a kind as it brings various YouTubers and Social Media influencers from around the globe to join a combat event between popular influencers. And the cherry on the top is that the event accepts all payments only in cryptocurrency. For more details, click here. 

Conclusion

Reaching a Market Cap of 1.6B is just the start of an amazing journey. This four-month growth shows the huge potential that KokoSwap has to set higher milestones in the NFT and DeFi industry. 

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Press Release

Introducing the Plena App: A Revolutionary Crypto Super App

Team Bitcoin Daily

Published

3 days ago

on

July 24, 2024

By

We are excited to announce the launch of the Plena App, a groundbreaking crypto super app that seamlessly blends the security of self-custodial wallets with the convenience of centralized applications. Today marks a significant milestone in the world of cryptocurrency as we introduce a platform designed to revolutionize how users interact with digital assets.

What is Plena?

The Plena App is an advanced crypto super app that offers users unparalleled security through self-custodial wallets while providing the ease of use typically associated with centralized applications. With Plena, users can invest in over 100,000 cryptocurrencies, manage transactions, perform asset swaps, and bridge assets with just a single tap. This innovative platform leverages Account Abstraction technology, making it the first of its kind in the crypto space.

Key Features

– Self-Custodial Wallets: Plena ensures users have complete control over their digital assets, combining robust security with user autonomy.

– Comprehensive Investment Options: With access to over 100,000 cryptocurrencies, Plena provides diverse investment opportunities.

– Seamless Transactions: Facilitating quick and easy transactions, Plena makes managing your crypto assets straightforward and efficient.

– Asset Swaps and Bridging: The app allows for effortless asset swaps and bridging, enhancing flexibility and usability for crypto enthusiasts.

– Account Abstraction Technology: Plena’s innovative use of Account Abstraction technology sets it apart, offering a unique and superior user experience.

 Launch Details

We are proud to officially launch the Plena App today. This pioneering platform is set to transform the crypto landscape, providing users with a secure, convenient, and innovative way to manage their digital assets.

Contract Address: 0xed68931e351ee97e8f77c64181475a6e3f2bd573

Join us in this exciting new chapter of cryptocurrency innovation. Visit our website or follow us on X to stay updated with the latest developments and features of the Plena App.

For more information, visit our website or follow us on X.

Website: http://www.plena.finance

X:http://x.com/PlenaFinance

Token: PLENA

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Press Release

How Bitcoin Lotteries Work and Differ from Conventional Lotteries

Crypto Chain Wire

Published

3 days ago

on

July 24, 2024

By

The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.

In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.

What is a Bitcoin Lottery?

Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.

Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.

What Makes Bitcoin Lottery Games Stand Out?

Here are the features that make Bitcoin lottery games a top choice for players.

  • Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
  • Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
  • Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.

Regular Lotteries vs. Bitcoin Lotteries: A Comparison

1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.

2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.

3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.

4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.

Why should one try a Bitcoin Lottery?

Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:

• Safe and open: You can verify every single draw and transaction.

• There are no geographical restrictions; play wherever on the planet.

• Cut expenses by means of lower transaction fees.

• Instant Payouts: Get your winnings easily and quickly. 

Bottom Line

With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.

These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.

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Press Release

Introducing Grok-1.5V: Revolutionizing Multimodal AI

Team Bitcoin Daily

Published

5 days ago

on

July 22, 2024

By

We are thrilled to announce the launch of Grok-1.5V, our groundbreaking first-generation multimodal model. Grok-1.5V, the latest innovation in artificial intelligence, promises to redefine how we interact with and understand the world around us. 

Unveiling Grok-1.5V

Grok-1.5V stands out with its exceptional text processing capabilities, but it goes beyond that. This advanced model can now process a wide array of visual information, including documents, diagrams, charts, screenshots, and photographs. This enhancement allows Grok-1.5V to offer a more comprehensive understanding and interpretation of both textual and visual data.

Capabilities

Grok-1.5V is designed to be competitive with existing frontier multimodal models across various domains. From multi-disciplinary reasoning to understanding complex documents, scientific diagrams, and real-world photographs, Grok-1.5V excels. 

We are particularly proud of Grok’s performance in our new RealWorldQA benchmark, which measures real-world spatial understanding. In zero-shot settings, without chain-of-thought prompting, Grok-1.5V consistently outperforms its peers, showcasing its superior capability in understanding the physical world.

Launch Details

Grok-1.5V will be available soon to our early testers and existing Grok users. We are excited to bring this new level of AI understanding to our community.

Join us as we launch Grok-1.5V on BASE at 19:20 Beijing time today. Don’t miss this opportunity to be part of the future of AI.

Contract Address: 0xeeB0Ea9EcD0Ab9a7a210fA66FCf58ce4747235E6

Stay tuned for more updates and innovations from our team as we continue to push the boundaries of what’s possible with AI.

For more information, visit our website or follow us on X.

Website: https://x.ai

X: https://x.com/xai

Token: x.AI

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