Connect with us

Press Release

TRIBUTE: The Community Controlled DeFi Platform with Deflationary Mechanism

Published

5 years ago

on

TRIBUTE (TRBT) is a deflationary DeFi platform that uses game theory analysis and social influence to create an exciting and unique economic landscape. 

The TRBT ERC20 token follows a liquidity distribution mechanism called “Proof of Decentralized Liquidity” (PoDL), with about $1M in liquidity currently locked in the protocol. 

This model allows users to have a direct share in stabilizing the TRBT price, which is currently holding steady at $9.65 on CoinMarketCap. 

The platform saw a $3M trading volume on its first day, with 640 unique wallets holding TRBT in 4 days. In the past few days, about 4% of the total token supply was burned. This high burn rate creates an incentive to hold the token by bolstering the circulation’s token demand. 

The Tribute ecosystem already has three dApps at its disposal; conTRIBUTE, ENFORCED TRIBUTE, and TRIBUTE TO LIQUIDITY. These dApps give the project a rare aspect of instant utility in the DeFi space.

Moreover, these dApps create a separate incentive to interact with the project’s native token and maintain a steady flow of TRBT moving through the ecosystem.

Why is TRIBUTE Unique in DeFi?

Tribute features fully decentralized elements that delegate full ownership and control to its users, allowing them to choose which dApps integrate into the platform. The team has no dev fees on any of the dApps. 

The project has started building upon the starting suite of dApps with the long-term vision of outlining longer-term dApp incorporating governance. 

The first dApp, conTRIBUTE, is well funded and has an established token distribution model which rewards TRIBUTE token holders and staked users via a “synergistic method.” 50% is sent to conTRIBUTE as dividends to the stakers directly.

The dApp’s solid distribution model guarantees that 5% of all buys and 15% of all sells into conTRIBUTE are disbursed to players as dividends. Each user gets rewards that are proportionate to their percentage share, with 

In the past few days, 11% of the total token supply was staked in conTRIBUTE. Holders utilizing the dApp earned $51,000 dividend rewards, with $730,000 worth of tokens now remaining.

Moreover, the conTRIBUTE PoDL concept offers TRBT users access to initial liquidity after 100 days via a Decentralized Autonomous Organization (DAO). 

 

TRIBUTE’s Deflationary Mechanism Bolsters Token Demand

The project’s ENFORCED TRIBUTE dApp uses a solid distribution model with an initial supply of a scarce 75,000 tokens. 

Every 12 hours, any user can trigger a smart contract to transfer 10,000 TRBT tokens, which go into a secondary contract within the dApp. 

The top 50 holders receive 5% of the total number of tokens transferred, while 500 TRBT are burned instantly, as per the project’s whitepaper. 

This process repeats itself after 12 hours, where the same contract transfers 10,000 tokens from the secondary contract to the initial one and burns 500 TRBT while triggering a reward drop of 5%. 

In this way, the dApp creates an increased sense of scarcity in an already scarce economy, bolstering the circulation’s token demand. The reward and burn process creates a self-cycling and hyper deflationary ecosystem. 

The TRIBUTE Lottery Rewards System

The final dApp at launch, TRIBUTE TO LIQUIDITY, further implements the PoDL mechanism by granting the community members full control of the DeFi protocol.

It does this via a lottery system in which users can purchase tickets using TRBT to enter into a daily raffle. The raffle utilizes a secure and trust-less algorithm to pick one lucky winner. 

50% of all TRBT entered into the lottery is burned, creating a hyper deflationary mechanism into the platform’s smart contract. 

Rewards issued for the lottery are a percentage of the total number of tokens controlling the TRBT/ETH liquidity pair on Uniswap. 

The DeFi Platform for Community Development

The TRBT project promises to solve many of the problems facing DeFi by building an ecosystem that focuses on community-driven growth. The Tribute team announced different partnerships already, with more collaborations expected soon. 

The future now looks bright for this project that seeks to establish itself as one of the pioneering protocols exploring the DeFi/Deflationary landscapes.

Related Topics:

The Bitcoin Daily is one of the most reliable and leading portal about Technology News, Latest Updates, Financial News, Business and any all subjects related to technology and blockchain.

Continue Reading

Press Release

StealthEX Now Offers 2,000+ Cryptocurrencies for Instant Exchange

Published

3 days ago

on

June 5, 2025

By

StealthEX has achieved a groundbreaking milestone in its mission to democratize crypto exchanges: the platform now supports instant exchanges between 2,000 cryptocurrencies. This exponential growth represents not just a numerical increase but a fundamental expansion of possibilities for crypto enthusiasts, traders, and investors worldwide.

In a crypto ecosystem where accessibility often determines success, StealthEX continues to eliminate barriers between users and the vast digital asset landscape. This latest expansion marks an increase in cryptocurrency selection, solidifying StealthEX’s position as one of the most comprehensive instant crypto exchange platforms.

The Expansion Explained: How StealthEX Has Transformed the Crypto Exchange Landscape

The journey to 2,000+ cryptocurrencies reflects StealthEX’s unwavering commitment to creating the most inclusive crypto exchange environment possible. This expansion opens doors to entire blockchain ecosystems previously difficult to access.

Through strategic partnerships with leading liquidity providers, StealthEX has integrated hundreds of additional tokens spanning DeFi innovations, metaverse projects, and emerging layer-1 protocols. Each addition undergoes a rigorous security assessment to maintain platform integrity.

Beyond direct exchanges, StealthEX offers a robust Crypto Exchange API, ideal for integration into wallets, blockchain ecosystems, and third-party projects. This powerful tool allows partners to access StealthEX’s extensive cryptocurrency selection and liquidity while maintaining their brand identity. Additionally, the platform provides comprehensive affiliate tools for businesses looking to generate revenue through crypto exchanges. These integration options extend the reach of StealthEX’s 2,000+ cryptocurrencies far beyond the main platform.

User Benefits: Unleashing Unlimited Possibilities

Having access to over 2,000 cryptocurrencies transforms how users can interact with the digital asset space:

  • Unmatched Portfolio Diversification: Spread investments across more assets than ever before, from blue-chip cryptocurrencies to emerging gems with explosive growth potential.
  • Early Access Advantage: Discover and acquire tokens from groundbreaking projects before they reach mainstream exchanges.
  • Cross-Ecosystem Trading: Move seamlessly between different blockchain ecosystems without the complexity of multiple exchange accounts.
  • Complete Investment Freedom: Implement sophisticated investment strategies that were previously impossible due to limited asset availability.

The ability to access this vast selection of crypto assets in one place creates unprecedented opportunities for traders and investors looking to optimize their digital asset strategies.

Market Context: Setting New Industry Standards

StealthEX’s expansion to 2,000+ cryptocurrencies places the platform at the forefront of the exchange industry. While many leading exchanges offer between 200 and 500 coins, StealthEX’s selection is approximately 4x larger than the industry average.

The increased diversity of available cryptocurrencies addresses a crucial need in the market: access to the long tail of crypto assets that often represent innovative technologies and use cases. Blockchain experts have frequently highlighted how fragmentation in accessibility creates barriers to adoption and limits the potential of interconnected crypto ecosystems.

The timing of this expansion is particularly significant as the market experiences increased interest in altcoins and sector-specific tokens. Recent market data indicates growing demand for access to a broader range of digital assets, particularly in specialized sectors like DeFi, gaming, and infrastructure tokens.

How to Access the Expanded Cryptocurrency Selection

Getting started with StealthEX’s expanded selection couldn’t be simpler:

1. Visit StealthEX.io or open the mobile app.

2. Select any of the 2,000+ cryptocurrencies from the drop-down menus.

3. Enter the amount to exchange and the recipient address.

4. Send the deposit to the generated address.

5. Receive the exchanged crypto—usually within minutes!

The full list of all available cryptocurrencies includes detailed information about each asset and current exchange rates.

Pioneering the Future of Crypto Exchange

This expansion to 2,000+ cryptocurrencies is just the beginning of StealthEX’s vision for a borderless crypto ecosystem. The company is committed to continuing its growth trajectory, with plans to integrate new blockchains, tokens, and features in the coming months.

“Breaking the 2,000 cryptocurrency barrier represents a pivotal moment in our mission to make the entire crypto universe accessible to everyone,” says Maria Carola, CEO of StealthEX “We’re building a future where users never have to worry about whether their preferred token is supported—if it exists in the crypto space, you’ll likely find it on StealthEX.”

Crypto enthusiasts are invited to experience the freedom of unlimited crypto exchange by visiting StealthEX today and exploring the expanded selection of 2,000+ cryptocurrencies!

Social Links:

Twitter: https://x.com/stealthex_io
Telegram: https://t.me/StealthEX

Continue Reading

Press Release

NinjaChess Launches Globally with $20,000 Prize Pool for Season Alpha — Sponsored by Spirex Exchange

Published

4 days ago

on

June 4, 2025

By

The future of chess launches today—with a ninja twist. NinjaChess, a first-of-its-kind play-and-earn chess game, is now live as a Telegram app, combining classic strategy, ninja powers, and crypto rewards. Backed by Spirex Centralized Exchange, the debut Season Alpha features a $20,000 prize pool, open to all players worldwide.

Reinventing Chess for the Web3 Generation

NinjaChess transforms traditional chess with ninja abilities like Stun, Trap, Invisibility, and more—turning every game into an unpredictable duel. Players can use AI-assisted moves, customize their ninja avatars, and earn cryptocurrency through competitive play.

No downloads needed. The game launches directly within Telegram, making it easier than ever to battle, climb the leaderboard, and earn crypto anywhere, anytime. Just open the app, challenge opponents, and let your strategy shine.

“NinjaChess is designed to be fast, fun, and rewarding—and launching on Telegram brings it right into players’ hands,” said the founding team. “With Spirex Exchange powering our crypto economy, the path is set for global chess domination.”


Season Alpha marks the beginning of NinjaChess’s ranked competition. The top players will share in a $20,000 prize pool, with new game modes and tournaments rolling out soon.

In Partnership with Spirex Exchange

As a leading centralized exchange, Spirex is the official sponsor of Season Alpha, supporting the infrastructure, economy, and vision behind NinjaChess’s blockchain integration.

What’s Next

  • PvP Money Matches – Wager tokens, winner takes all.
  • Tournaments – Multi-table battles with high-stakes rewards.
  • NFT Customization – Own and personalize your ninja.
  • Mobile Expansion – Deeper integration across devices.

About NinjaChess

NinjaChess is a turn-based, strategic game that integrates the timeless rules of chess with specialized “ninja powers” and blockchain-based rewards.

NinjaChess reimagines the classic game of chess by integrating specialized “ninja powers” and blockchain-based rewards. Players can expect a fresh and dynamic approach to the timeless strategy game, enhancing both casual and competitive play.

Visit –  Ninjachess.xyz
Join Telegram – https://t.me/ninjachessxyz

About SpireX

SpireX is a fast-growing cryptocurrency exchange offering over 300 tradeable currencies and some of the lowest fees on the market. 

Focused on providing a secure and reliable trading environment, SpireX continuously strives to add value for its users by listing top-tier projects, building new products, and launching exclusive reward campaigns.

https://www.spirex.io/
https://x.com/SpireX_Official
http://t.me/SpireX_Exchange

Continue Reading

Press Release

TradeSta Launches “Collateral Back” Campaign: 50% collateral back on First Liquidation for Traders

Published

3 weeks ago

on

May 21, 2025

By

TradeSta, the next-gen decentralized perpetuals trading platform built on Avalanche c-chain, is giving traders a second chance — literally.

Starting Tuesday 20th May 2025, the platform has launched its TradeStaCollateralBack campaign, offering a 50% refund on collateral (up to $25 USDC) for users who get liquidated on their first trade during the promotional period.

This bold new initiative is part of TradeSta’s mission to make high-leverage DeFi trading more accessible, transparent, and forgiving for newcomers and seasoned traders alike.

The campaign runs from Tuesday, May 20 through Tuesday, June 3, 2025 at 23:59 UTC.

“At TradeSta, we’re building more than just another DEX — we’re creating a trading experience that’s fast, fair, and actually puts the user first,” said Kieron Cartledge, Founder and CEO of TradeSta. “This campaign is our way of saying: it’s okay to take a swing — we’ve got your back if you miss.”

🔥 Here’s How It Works

Eligible users who open a position and get liquidated during the campaign will receive 50% of their collateral back, up to $25 USDC — no strings attached.

To qualify:

  • Minimum position size: $10 USDC
  • Minimum leverage: 10x
  • Must be the first loss from that wallet during the campaign
  • Refunds are processed in USDC on Avalanche C-Chain
  • Payouts sent within 72 working hours of liquidation

Whether you’re trading BTC, ETH, AVAX, gold, oil, or even RWAs, TradeSta gives you full control from start to finish. No KYC, no signups, just pure onchain execution — with lightning-fast trades, real-time pricing via Pyth Network.

✨ Why This Matters

Trading with leverage can be intimidating, especially for new users exploring DeFi for the first time. TradeSta’s campaign reduces the fear factor by offering a real incentive to test the waters — without getting burned.

“It’s not about encouraging risk,” Cartledge added. “It’s about rewarding participation and showing the community that DeFi doesn’t have to be cold, complex, or unforgiving.”

🚀 About TradeSta

TradeSta is a self-custodial perpetuals trading platform that allows users to trade crypto, commodities, FX, and real-world assets with up to 100x leverage — all without giving up control of their funds. Built on Avalanche & powered by Pyth Network, TradeSta combines DeFi values with CEX-like performance.

Start trading today at https://tradesta.io

Continue Reading

Trending