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TRIBUTE: The Community Controlled DeFi Platform with Deflationary Mechanism

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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.

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Press Release

Billionaire Plus Let’s People Live their Fantasy in the Metaverse. IDO Set to Launch in December

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Billionaire Plus is a complete real estate metaverse blockchain game that incorporates 3D and VR technology for an immersive experience to buy, sell and trade for their dream lifestyle. They are supported and invested by X21 Digital, Lavender Capital, Fish DAO, Avalon Wealth Club, the Maven Capital, Unanimous, 2CRZ NFT, DCI, Fairum Ventures, Legion Ventures, Alphamoon with the other individual backers. Their platform is also going to launch its native $BPLUS token through an IDO on Roseon Finance, Enjinstarter in mid-December.

Toronto, Canada, 1 Dec 2021, Blending traditional board style gaming with crypto and metaverse, Billionaire Plus is a GameFi platform where users can own NFT backed avatars and buildings, allowing them to customize complete cities as they stake and earn to achieve their dreams. Unlike most other GameFi platforms that lose their appeal over time, Billionaire Plus will help to sustain the interest as it not only lets people play to earn but understand basic investment strategies such as estimating the best times to make trades.

Metaverse Estate Tycoon

Monopoly is perhaps one of the best-known board games around today. Centered on hours of fun and entertainment, the concept is to build your modern real estate empire and earn from the different buildings and properties. Billionaire Plus takes that concept and brings a much larger version of it in the shape of a whole metaverse where users can build complete cities. It is not the only building or virtual construction that players can do, but they can buy, sell and trade their properties and time their trades just right to make money.

Each option that is exercised comes with the chance to increase holdings. On top of that, all in-game items, be it the characters (avatars) of the players or the land/building they own, are represented by NFTs. The more unique the avatars and properties are, the more valuable they become which can then be sold for profits as NFTs.

Metaverse, Meta Features

As a GameFi platform, Billionaire Plus offers a blend of a traditional game board and DeFi to create a completely new class of blockchain gaming:

  • Staking: Stake your $BPLUS tokens and earn NFTs.
  • Farming: Take part in different matches and farm to receive $KOB and $BPLUS.
  • Mine: Create a collection of NFT items (characters, buildings and other in-game items to mine tokens.
  • Marketplace: Buy, trade or sell NFTs
  • Build to Earn: Construct buildings on your land to increase your winnings.
  • Socialize to Earn: Make an impact and aggregate followers. The more you have, the more winning chances increase.
  • Challenges: Enter another player’s property to challenge a game to win. Alternatively, people can enter your property and if you defeat, you earn.

$BPLUS: Token for Billionaires

$BPLUS is the utility token for the Billionaire Plus ecosystem and is limited to only 10 billion in totality. The IDO is set in mid-December and will see 300 million made available for the public. 

Billionaire IDO will also come with an anti-dumping mechanism, with only half of the acquired tokens released at the TGE to all participants. The rest of the tokens will be released in two stages of 25% per month. This is designed to stop large volume players from selling off their tokens at profits and protect the long term viability of the project and other investors’ money.

Billionaire Plus is backed by X21 Digital, Lavender Capital, Fish DAO, Avalon Wealth Club, the Maven Capital, Unanimous, 2CRZ NFT, DCI, Fairum Ventures, Legion Ventures, Alphamoon with the other individual backers for marketing and growth hacking. To know more about the Billionaire Plus metaverse and GameFi platform, visit their website and whitepaper

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Media Contact – 

Billionaire Plus

info@billionaireplus.io

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Press Release

Devia8 Launches on PancakeSwap Today after Successful Pre-Sale

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The All-in-One DeFi Platform Also Announces Upcoming Features

1st of December 2021 – Devia8, the world’s first AIO platform, launches today on PancakeSwap following a successful pre-sale. The event took place yesterday on on PinkSale, where investors were able to buy 554,525 Devia8 tokens for only 1 BNB.

Additionally, Devia8 announces the imminent release of its trademark features, which should provide users with a gateway to all things DeFi.

Devia8 aims to bridge the gap between CeFi and DeFi with an extensive suite of financial tools. Furthermore, it seeks to provide services for both expert and beginner crypto users. Lastly, it plans to give people more control over their finances than the centralized money management system offers. 

Its native token by the same name will provide both utility and stability in the growing Devia8 ecosystem. Interested investors can purchase it through PankaceSwap starting December 1st at 18:00 UTC. The platform will be supporting Ethereum & Binance Smart Chain Blockchains. 

Those looking for quick immersion in decentralized finance can opt for Devia8’s services. The all-in-one platform features a DEX, advanced analytics, automated trading, and a scam protector. Additionally, it provides crypto farming and staking, a non-custodial wallet, real-time audits, and a DeFi portfolio tracker. These are just a few of the many Devia8 features. The team will announce more in the weeks to come here.

About Devia8

Devia8 is a blockchain-based platform looking to provide a comprehensive suite of DeFi services. Its name is pronounced as “de-vi-ate.” It explains the project’s ambition to offer different opportunities than similar industry platforms. A three-tier structure and an anti-bot feature will provide fair advantages to all investors, regardless of their experience.

The Devia8 team is available at:

Devia8 Website

Devia8 Twitter

Devia8 Telegram

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Press Release

Fairies Finance Announces Successful KYC and Audit as Presale Date Nears

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Chennai, India,  Fairies Finance is announcing the successful audit and KYC of its smart contracts. The platform had mentioned the start of the audit and KYC through their social media pages. Following the successful audit, Fairies Finance network now has the go-ahead to start its Presale soon on the Pinksale Launchpad.

Fairies Finance Audit Report Released

Today, Watchtower released the Fairies Finance  audit report on Github, which indicated that the Fairies Finance network is ready for business. The Watchtower blockchain and smart contract auditing network began the audit in November.  

According to the report, the Watchtower implored a wide array of tests to test for DOS and other gas-connected attacks. The audit checked in-depth on various aspects of the projects, from the token, the taxing, and other vulnerabilities. 

After the audit process, Fairies finance announced no high severity issues. The absence of high severity issues is good for the project since it means they can protect investor security. But, Watchtower identified other medium and low severity issues. The medium severity issues noted in the Fairies Finance smart contracts are common, especially for reward contracts. 

Other low severity issues were noted in Fairies Finance, including a high distributor’s gas limit capped at 500000. The above means if BNB prices increase, the gas fees will go higher than rewards.  All in all, Fairies Finance investors should be able to work with the minor issues noted with smart contracts. 

Fairies Finance KYC Report 

Fairies Finance also announces the release of their KYC scan report. KYC scanning mainly focuses on the team behind the project. In KYC, the scanner looks at the team, checking for any money laundering connections. If one team member has money fraud issues, the entire project could be at risk.  

According to Fairies Finance, Pinksale conducted the KYC scanning of their team. Pinksale did not discover any issues connected to the team. 

The Presale Launching Soon

After the audit and KYC, Fairies Finance is announcing its Presale, which will start soon. The network has a native token dubbed Fairies, which will power the services offered within the platform. 

Fairies Finance is inviting investors to participate in its Presale event, which will begin on 1st December 2021 at precisely 08:19 UTC. The Presale is less than 48 hours away. The fundraising event will run till 10th December at 16:40 UTC. The Presale could be cut short if the network hits the hard cap early. 

The Pinksale Finance Launchpad will host the Fairies presale. Fairies Finance targets to raise a 350 BNB softcap or 700BNB hardcap. Each participant can only purchase a minimum of 0.1 BNB or a maximum of 5 BNB.

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Media Contact

Gopinath S

Official Email: gopi@fairies.finance

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