Press Release
TRIBUTE: The Community Controlled DeFi Platform with Deflationary Mechanism
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.
Press Release
KUN confirmed as Primary Exhibition Sponsor of Hong Kong Web3 Festival
As a global pioneer in the payments industry, KUN is proud to participate as a sponsor at Hong Kong Web3 Festival 2025, joining Web3 users, industry leaders, and technology experts from around the world to discuss the future of blockchain technology and digital payments. As a sponsor for the second consecutive year, we look forward to sharing KUN’s practical experience and innovative achievements in Web2+Web3 cross-border payment solutions. We are also eager to engage with partners from various sectors to explore new opportunities that empower the global economy.
KUN (KUN.global) is an innovative digital payment technology company based in Hong Kong and Singapore, built on Web2+Web3 payment licenses and compliance systems. Its business spans emerging markets in Asia, Africa, and Latin America. The company primarily provides secure, convenient, and efficient one-stop digital payment solutions for enterprises and individual clients in cross-border trade, overseas services, and the Web3 industry. KUN is dedicated to building the next-generation global digital payment network for the future.
KUN has developed three core product lines:
- KUN.crypto: The Stablecoin Payment and Management Platform
- PayX: The One-Stop Payment Service Provider for Emerging Markets
- K-Card: Your Reliable Card Solutions Partner
KUN depends on technological innovation and compliance, empowering businesses to tackle the challenges of cross-border payments and digital asset management while driving the healthy development of the industry.
We look forward to seeing you at Hong Kong Web3 Festival 2025 and embarking together on an exciting journey toward the future of Web3!
Hong Kong Web3 Festival 2025: https://www.web3festival.org/hongkong2025/?lang=zh#/en
Press Release
MAGAVERSE Shakes the Crypto World with $1M Donation to Trump-Endorsed Organizations
MAGAVERSE, the trailblazing memecoin project, has made history with a stunning $1,000,000 donation to organizations endorsed by former President Donald Trump. The donation, aimed at supporting MAGA initiatives and advancing the cause of freedom, has positioned MAGAVERSE as a serious player in both the cryptocurrency world and the political landscape.
This bold move matches the $1,000,000 contributions from industry leaders like Mark Zuckerberg and Jeff Bezos, sending a powerful message of gratitude and dedication from the MAGAVERSE community.
“It was important to our MAGAVERSE community that we put our money where our mouth is,” said Lee Hutchinson, community leader of MAGAVERSE. “This was our way of saying thank you to a man who has not only saved America but also championed crypto’s future.”
The impact of this donation has been felt far and wide, as MAGAVERSE has garnered national attention and earned a special place in Washington D.C.’s prestigious events this week. Members of the MAGAVERSE team are attending inaugural galas and official balls as special guests, further solidifying their reputation as key players in the crypto and political spheres.
“They are the talk of the town,” a prominent DC insider commented. “Meme coins have traditionally been underestimated, but MAGAVERSE’s $1M donation has changed the narrative. People are now recognizing the influence and vision of this innovative group.”
A Bright Future for $MVRS
The official ticker for MAGAVERSE, $MVRS, is experiencing newfound momentum as MAGA influencers and crypto enthusiasts flock to join the project. With whispers of major announcements on the horizon, the MAGAVERSE core team has hinted at exciting developments that promise to reshape the community and expand its reach.
This milestone donation demonstrates the growing impact of the MAGAVERSE community and the project’s commitment to both political and financial innovation. As the nation watches, MAGAVERSE continues to prove that meme coins are more than a trend – they are a force to be reckoned with.
For more information about MAGAVERSE, visit https://mvrs.wtf/.
Follow their journey on social media at:
Twitter: https://x.com/mvrs
Press Release
Paul CHAN Mo-po, Vitalik Buterin among the Top Speakers at Hong Kong Web3 Festival 2025
Hong Kong Web3 Festival today announced the first-round speaker lineup for its upcoming 2025 edition, which will take place from 6 to 9 April, 2025. The event will bring together representatives from a broad range of experts and leaders in the Web3 space, including:
Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region
Vitalik Buterin, Co-founder, Ethereum
XIAO Feng, Chairman, Wanxiang Blockchain; Chairman and CEO, HashKey Group
Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong
David Bailey, CEO, Bitcoin Magazine
Genki Oda, Chairman, Japan Virtual and Crypto assets Exchange Association
Lily Liu, President, Solana Foundation
Sreeram Kannan, CEO, EigenLabs
Smokey Bera, Co-founder, Berachain
John Patrick Mullin, CEO, Mantra
Alexander Pack, Managing Partner, Hack VC
Lasse Clausen, Founding Partner, 1kx
Keywolf, Partner and CPO, SlowMist
Blue, Partner and CTO, SlowMist
Rita Liu, CEO, RD Technologies
Devon Sin, Alternate Chief Executive, ZA Bank
YU Chen, Chief Advisor, 鲲KUN
Michael, Co-founder, Brevis
Alex Rawitz, Co-founder, DIMO
Bugra Celik, Director of Digital Assets, HSBC
Stanley Huo, Partner & Head of Asia, Hivemind Capital
Terence Kwok, Founder and CEO, Humanity Protocol
Tetsuya Sanada, CEO, BlockSmith & Co.
David Lee, Chairman, Global FinTech Institute
Hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, Hong Kong Web3 Festival is Asia’s premiere crypto gathering that convenes the world’s smartest minds in the Web3 and crypto space. Its previous editions, which took place in April 2023 and 2024, brought together over 250 exhibitors, more than 800 speakers, 80,000 visitors and 300 side events.
The Web3 Festival 2025 has forged a strategic alliance with the region’s trade statutory body, Hong Kong Trade Development Council (HKTDC). Furthermore, the event has revealed an impressive lineup of 2025 sponsors so far, including:
Title: OKX Web3
Platinum: CKB Eco Fund, SlowMist
Gold: Alchemy Pay, Beyond Gaming Labs, OneKey
Primary: Google Cloud, Hotcoin, 鲲KUN
Secondary: CertiK
Tertiary: Fufuture, Keyblock Solutions, MoneyCollect, PingCap
Knowledge: Brevis
Open Stage: Primecoin
The conference will feature keynote speeches, fireside chat, and panel discussions across various forums, including PayFi session hosted by the host together with RD Technologies, DePIN session by Arkreen, Bitcoin session by CKB Eco Fund, Crypto Finance Forum 2025 by MetaEra, Web3 Security and Compliance Session by SlowMist, Web3 Scholars Conference 2025 by DRK Lab, and more.
Taking an area of over 14,000㎡at the iconic HKCEC, which is 1.5 times larger than previous ones, the conference will create an ideal networking and learning environment, with regular conference areas and exhibition spaces embracing professionals, investors, enthusiasts, and leading projects worldwide who will delve into the latest progress, solutions, trends, and policies in Web3 and crypto.
$399 tickets are available for grabs now! Secure a spot at this fabulous gathering to meet industry leaders and professionals: https://www.web3festival.org/hongkong2025/#/en
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