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TRIBUTE: The Community Controlled DeFi Platform with Deflationary Mechanism

Team Bitcoin Daily

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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

Big Red $Td’s Sister Project, $CULO, Announced as Key Sponsor for Karate Combat Kickback 2

Crypto Chain Wire

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Karate Combat Kickback 2 is set to revolutionize the world of combat sports, and Big Red $Td’s sister project, $CULO, will be playing a pivotal role as one of the event’s key sponsors. This beachside battle, taking place at the stunning Parque de Fundadores in Playa del Carmen, Mexico, promises an unparalleled experience for fans and athletes alike.

As the mighty heavyweight champion Smilen’ Sam Alvey defends his hard-won title against challenger Antonio Arroyo, the presence of $CULO, sponsored by Big Red $Td, adds an extra layer of excitement to the event. Karate Combat is renowned as the premier full-contact striking league, blending live-action karate with immersive CGI environments powered by the Epic Games Unreal gaming and virtual production engine.

Featuring Olympic medalists and national champions from around the world competing in eight different weight divisions, Karate Combat is streamed and broadcast to over 100 countries worldwide. Karate Combat boasts league ambassadors such as Bas Rutten, George St-Pierre, Lyoto Machida, and Stephen “Wonderboy” Thompson.

The event will also draw attention from influencers and celebrities, with notable attendees including MoonDaddy, Bitboy, Rodney, and of course George CryptosR_Us.

A Deep Dive into Big Red $Td:

Origins and Vision:

Big Red $Td is not just a meme trading project; it’s a tribute to the rich heritage and innovative spirit of Cornell University. Founded on the Avalanche (AVAX) blockchain, Big Red $Td embodies the ethos of its namesake, combining tradition with cutting-edge technology. The project’s vision is to dominate meme trading while honoring Cornell’s legacy of excellence.

The Cornell Connection:

Cornell University, with its storied history and academic prowess, serves as the inspiration behind Big Red $Td. From its iconic red and white colors to the beloved “Big Red” nickname, Cornell’s influence permeates every aspect of the project. The decision to launch on the AVAX blockchain, rooted in Cornell research, further solidifies the bond between Big Red $Td and its alma mater.

Avalanche Blockchain and Cornell Influence:

The AVAX blockchain, built on research initiated at Cornell, provides the perfect platform for Big Red $Td’s aspirations. Led by Emin Gün Sirer, the CEO of Ava Labs and an associate professor of computer science at Cornell, Avalanche represents a groundbreaking leap in decentralized systems. The collaboration between Cornell and Avalanche underscores the university’s commitment to fostering innovation and entrepreneurship.

Features and Ambitions:

Big Red $Td aims to dominate meme trading on the AVAX blockchain, leveraging its unique features and community-driven ethos. With its vibrant ecosystem and passionate community, Big Red $Td seeks to redefine the meme trading landscape while staying true to Cornell’s values of integrity and excellence.

Fully Doxxed Team and Community Engagement:

The Big Red $Td team comprises experienced professionals from diverse backgrounds, united by their shared passion for blockchain technology and meme trading. With a fully doxxed team and transparent development process, Big Red $Td prioritizes community engagement and inclusivity, fostering a supportive environment for investors and enthusiasts alike.

The Future of Big Red $Td:

As Big Red $Td continues to gain traction in the crypto space, the team remains committed to its mission of dominance on the AVAX blockchain. With upcoming initiatives and partnerships on the horizon, Big Red $Td is poised to solidify its position as a leading player in the meme trading arena.

About $CULO:

$CULO, the sister project of Big Red $Td, is also set to make waves in the crypto world. With a focus on dominating trading on the Polygon blockchain, $CULO shares Big Red $Td’s commitment to excellence and innovation. Together, Big Red $Td and $CULO form a dynamic duo, poised to disrupt the meme trading landscape across multiple blockchains.

For More Information:

– Website: https://thebigredcrypto.com/

– Telegram: https://t.me/TheBigRedTD

– Twitter: https://twitter.com/BigRed_TD

– Contract Address for Big Red $Td: 0x87bbfc9dcb66caa8ce7582a3f17b60a25cd8a248)

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Press Release

Wemade’s Night Crows Achieves Record-Breaking $10 Million In Global Sales Within Three Days Of Launch

Crypto Chain Wire

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  • Over a million pre-registration sign-ups
  • Among the top 10 free new RPG games by downloads in major gaming markets including the United States, the United Kingdom and Japan
  • More than 600 streamers joining the Streamer Supporting System

Leading global game developer Wemade, today announced that the blockbuster MMORPG NIGHT CROWS has surpassed $10 million in global sales within just three days of launch (March 12th). NIGHT CROWS has reached the same milestone ten times faster than the highly successful MIR4 Global launch in 2021, outpacing all previous game titles published by Wemade, and marking an unprecedented milestone in the company’s history.

Rising demand from gamers worldwide

Developed by MADNGINE, the game seamlessly integrates proven content with advanced blockchain technology, including multi-tokenomics, character NFTs, and the “unagi(x)” omnichain messaging protocol. NIGHT CROWS features Unreal Engine 5’s cutting-edge graphics including a fully dynamic global illumination and reflections solution, a thrilling blend of history and fantasy, and innovative features like the use of “Gliders”. Going beyond the simple flight using elevation differences, Gliders enable gliding, hovering, and various strategies for combat by utilizing updrafts, offering a three-dimensional action experience that breaks away from flat-surfaced battles.

This has contributed to a rapidly expanding user base with the average number of concurrent users exceeding 230,000 and reaching a peak of nearly 300,000 players. To accommodate this growth, Wemade has swiftly scaled server capacity, expanding from the initial 24 servers to a current count of 69 to meet the high demand.

Surging to the top of global app rankings in first 24 hours

With over a million pre-registration sign-ups, NIGHT CROWS has shot to the top of the Google Play Store and Apple App Store app rankings worldwide within 24 hours after launching in 170 countries. NIGHT CROWS was among the top 10 free new RPG games by downloads on the App Store and/or Google Play Store in major gaming markets including the United States, the United Kingdom and Japan. 

Streamer Supporting System see early success 

The unique “Streamer Supporting System” (SSS), which fosters a mutually beneficial ecosystem for streamers, supporters, and the game itself, is seeing early success with over 600 active streamers already signed up. Streamers including Kyrobell in the Philippines (86,500 Youtube followers) and Kyoinfinity (33,800 Twitch followers) are driving further user growth with more than 50 livestreams and video walkthroughs of the game already available on the SSS portal.

Discover the world of NIGHT CROWS and learn more at www.nightcrows.com. Streamers can join the Streamer Supporting System at https://www.nightcrows.com/en/sss/introduce.

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Press Release

Breaking Boundaries: Dubai Set to Redefine Blockchain Technology at WBS Dubai

Crypto Chain Wire

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The 29th edition of the World Blockchain Summit, organised by Trescon and co-hosted by Sun Minimeal, returns to Dubai on 22-23rd April 2024 at the iconic JW Marriott Hotel Marina. This highly anticipated event is summit is set to become a major focal point for global web3 and blockchain innovators to take note of the region’s efforts towards a web3-driven future. This eagerly awaited edition is poised to become a critical hub for global web3 and blockchain innovators, highlighting UAE’s efforts towards a future driven by web3 technology.

The Summit, one of the longest-running global blockchain series, has become a pivotal platform for leading and emerging blockchain and web3 innovators, visionaries, though-leaders and policymakers to deliberate over the trending innovations and solutions that are driving the inclusion of blockchain-based solutions in critical sectors of the global economy.

Benefiting from supportive government policies and a shift towards a digital-first economy, Dubai is solidifying its position as a leading global hub for blockchain innovation, enhancing its digital infrastructure comprehensively. The launch of the Dubai AI & Web3 Campus by the DIFC, alongside the Virtual Assets Regulatory Agency (VARA) Dubai, has attracted global investors and innovators eager to play a pivotal role in nurturing a dynamic digital ecosystem within the UAE.

The Summit will host over 2,000 web3 decision-makers, 300+ investors, and more than 50 speakers. The event will also feature the regional finale of the Startup World Cup organised by the renowned US-based venture capital firm Pegasus Ventures, offering the winner a chance to secure a spot to pitch at the global finals in San Francisco, with a potential prize of US$1 million in funding.

#WBSDubai showcases compelling keynote speeches, use-case presentations by prominent blockchain visionaries and experts, and engaging panel discussions on pivotal topics shaping the web3 landscape. Some of the themes that will be explored at the event include 2024 Blockchain Ecosystem Market Analysis, Decrypting the Regulatory Landscape of Virtual Assets, Emerging Trends in Enterprise Blockchain Adoption, The rise of AI-Blockchain integration and more.

Some of the notable speakers attending the event include:

  • Pascal Gauthier, Chairman & CEO, Ledger
  • Roham Gharegozlou, Co-founder and CEO, Dapper Labs
  • Mike Belshe, Co-Founder & CEO, BitGo
  • Bertrand Levy, VP Global Partnerships, SANDBOX
  • George Gvazava, Chief Crypto Officer, Bank of Georgia
  • Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC., Circle
  • Yosuke Yoshida, Co-CEO of EMURGO Middle East & Africa CEO of EMURGO Kepple Ventures, EMURGO
  • Bandar Altunisi, Head of Development for Binance in Saudi Arabia Head of Institutional Relationships for Binance Dubai (FZE), Binance
  • Reece Merrick, Managing Director, Middle East & Africa, Ripple

Sharing their enthusiasm about the event, George Gvazava, Chief Crypto Officer, Bank of Georgia said,” In the realm of innovation, the World Blockchain Summit serves not only as a gathering of minds but as a crucible, where ideas are forged into the connections, use-cases and technologies of tomorrow.”

“In the heart of Dubai’s dynamic tech landscape, blockchain technology stands as a cornerstone in the UAE’s digital transformation. Trescon plays a pivotal role, connecting global entrepreneurs and startups with leading investors and experts. The World Blockchain Summit offers a prime venue for unveiling the latest in blockchain innovation and insights.”, said Sharath Kumar, Commercial Director, Trescon

Registration for the World Blockchain Summit Dubai is still open. Seize the chance to book your slots today and prepare to be a part of another thrilling blockchain and crypto event of the year. Don’t let this opportunity slip away!!

The 29th edition of the World Blockchain Summit is supported by:

Co-Host – Sun Minimeal

Co-Powered By – Ecrox Chain

Gold Sponsor – Medifakt, Crypto2Cash, Anbruggen,

Silver Sponsor- Kreation, Coingames, Reat Capital

Lanyard Sponsor- M2

Badge Sponsor- Ledn

Bronze Sponsor- BitGo,  Block Convey, M2

Exhibitors- Reltime, Qoneqt , C# Corner

Official Accommodation Partner- HotelPlanner

Business Broadcast Partner – CNBC Arabia

Official Newspaper Partner- The Fintech Times

Official Digital PR Distribution Partner – ZEX PR Wire

ABM Partner- Demandify

Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association

Prime Media Partner- Demandteq

About World Blockchain Summit (WBS)

World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally.

WBS is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

To book your tickets, visit: https://www.worldblockchainsummit.com/dxb-apr-24?utm_source=media%20PR%20rd2&utm_medium=ZexPR#Ticket-booking-sections

Contact

Shadi Dawi

Director, Public Relations & Partnerships – MENATrescon

shadi@tresconglobal.com

+971 55 498 4989

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