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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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WEMADE and WEMIX Win “Best Web3 Gaming” at MENA Games Industry Awards 2024

Crypto Chain Wire

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WEMADE and WEMIX were honored with the prestigious “BEST WEB3 GAMING ” award at the MENA Games Industry Awards 2024. The awards celebrate the best of the region’s thriving gaming sector, and as the sole web3-focused award, the “BEST WEB3 GAMING” category spotlights companies championing the integration of web3 technologies into gaming.

“We are honored to receive this prestigious award. It validates Wemade’s commitment to fostering growth and collaboration within the global web3 gaming landscape,” Wemade said in a statement. “This award motivates us to continue empowering developers and driving innovation in game design & development.

Wemade would like to congratulate all of the finalists and winners at this year’s MENA Games Industry Awards. Their dedication and passion for innovation are shaping the future of gaming.

About Wemade

Wemade is at the forefront of the next wave of Web3 game developers that are innovating with blockchain technology. Based on the WEMIX3.0 mainnet, the WEMIX PLAY blockchain game platform is the world’s biggest with millions of users and a wide range of game genres from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, MOBA, MMORPG, SNG, sports games and more. Visit www.wemix.com/communication for more information. 

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Metarise: Unveiling the Future of Metaverse Interaction on M20Chain

Crypto Chain Wire

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Metarise is forging new paths in the metaverse landscape, building an immersive digital universe that blends high-quality, low-poly graphics with the robust capabilities of the M20 Chain blockchain, all powered by Unreal Engine. This innovative platform merges reality with virtual spaces to create an interactive environment where users can live, work, and play.

Vibrant Digital Ecosystems: Cityland and Funland 

At the heart of Metarise lies Cityland, the bustling urban core that serves as the central hub for commerce, art, and social interaction. With its vibrant streets lined with shops, showrooms, galleries, and more, Cityland is where creativity meets community. Not far from the urban excitement is Funland, a sanctuary of joy and entertainment, offering a retreat where users can engage in games, sports, and various leisure activities. Both these areas are anchored by the iconic Metarise Tower, a towering structure that stands as a testament to the possibilities of virtual architecture and the central node from which all activity in Metarise radiates.

The Role of Riser Token in Metarise 

The pulse of this digital universe is the Riser Token ($RIS), a metaverse utility token that facilitates not only commerce but also enables a variety of interactions and transactions within the Metarise ecosystem. From purchasing virtual land to trading goods and accessing exclusive services, the Riser Token is essential for navigating and leveraging the full potential of Metarise.

Empowering Users and Businesses 

Metarise is more than just a virtual space; it is a versatile platform designed to accommodate the diverse needs of individuals and businesses alike. Users can escape the monotony of traditional digital interactions and immerse themselves in a vibrant 3D environment that offers an enriched form of social connectivity. For businesses, Metarise provides a range of tools and spaces for virtual offices, allowing companies to maintain operations, host conferences, and interact with clients without geographical constraints.

Innovative Real Estate and Investment Opportunities 

One of the standout features of Metarise is its approach to virtual real estate. Through its Initial Land Offering (ILO), users have the opportunity to invest in virtual land, represented as unique NFTs on the M20 blockchain. This allows for the development of personalized real estate projects, from digital offices and private properties to commercial spaces, which can be further monetized through rentals or providing specialized services.

MetaRise is excited to announce the opening of our Initial Land Offering (ILO), a unique opportunity for early adopters to participate in the early stages of our expansive metaverse. This early phase of development offers potential for growth as the platform evolves, though it’s important to remember that all investments carry inherent risks and returns are not guaranteed. As you consider joining us in shaping the future of MetaRise, we encourage you to make informed decisions.

A Hub for Brands and Creators 

Metarise serves as a dynamic marketing tool for brands looking to enhance their identity and user engagement through immersive experiences. It’s a platform where brands can interact with their audience in meaningful ways, leveraging the unique capabilities of virtual reality, augmented reality, and AI to deliver memorable brand experiences.

Conclusion: The Future of Digital Connectivity 

Metarise envisions a world where digital and physical realities converge to create a seamless universe of endless possibilities. It’s not just about creating a space for users to interact; it’s about redefining the essence of community and connectivity. As Metarise continues to expand and evolve, it invites users from all corners of the globe to explore its myriad offerings, engage with its vibrant community, and contribute to the ever-growing expanse of this digital frontier.

Discover Metarise and step into a world where your digital life transcends boundaries, offering new ways to interact, explore, and impact the world around you. Join us on this journey to redefine the future of the metaverse.

Stay connected with us:

Metarise: https://metaarise.com/

Twitter: https://twitter.com/metariseworld

Instagram: https://www.instagram.com/metariseworld

M20 Chain Website: http://www.m20chain.com

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Unizen Announces Deployment of Enhanced Ethereum Gas Optimization and ULDMv3, Transforming DeFi Trading

Crypto Chain Wire

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Unizen has successfully deployed two pivotal updates that are set to transform the decentralized finance (DeFi) industry: Enhanced Ethereum Gas Optimization and ULDMv3. These advancements redefine efficiency and cost-effectiveness, greatly enhancing the trading experience for DeFi users.

 Enhanced Ethereum Gas Optimization is Now Live 

This update significantly reduces Ethereum transaction costs by 40-50% for all users and by 60-70% for integrators. By streamlining transaction processes, this optimization not only makes decentralized trading more accessible but also significantly reduces overhead costs, allowing traders to operate more freely and cost-effectively.

 ULDMv3: A Revolutionary Upgrade in Liquidity Distribution 

ULDMv3, the third iteration of the Unizen Liquidity Distribution Mechanism, marks a monumental shift in the way trades are executed on the platform. This isn’t merely an incremental improvement; it’s a complete transformation designed to enhance the trading framework significantly. Unizen CTO, Martin Granström, describes ULDMv3 as a “revolution in liquidity sourcing that sets new industry benchmarks.”

 Key Enhancements in ULDMv3 Include: 

Key Enhancements in ULDMv3:

  • Faster Quote Speeds: With ULDMv3, Unizen has dramatically increased the speed at which quotes are retrieved and trades are executed. This enhancement ensures that users experience minimal latency, making real-time trading more efficient and responsive. The ability to quickly process quotes is crucial in the fast-paced world of DeFi, where market conditions can change in seconds. 
  • Reduced Gas Costs: ULDMv3 builds upon Unizen’s already competitive gas fee structure by optimizing the underlying algorithms to further reduce costs. This is achieved through smarter contract interactions and streamlined transactions that minimize the gas required for each trade. This reduction in gas costs makes trading more affordable and sustainable, especially beneficial during high network congestion periods. 
  • Cross-chain Trade Splitting: A standout feature of ULDMv3 is its ability to facilitate cross-chain trade splitting. This functionality enables the mechanism to split trades across different blockchains, maximizing token output on the receiving chain. This is done through seamless token swaps that leverage the unique strengths of multiple blockchains, thereby optimizing trade value and efficiency. 
  • Enhanced Token Routing: The routing mechanism in ULDMv3 has been upgraded to select the most optimal paths for token transfers automatically. This ensures that users receive the best possible rates and outputs by navigating through the complex landscape of liquidity pools and trading pairs. This smarter routing translates to better returns and reduced slippage for users. 
  • Machine Learning Integration: At the core of ULDMv3’s advanced capabilities is its integration of machine learning technologies. These systems continuously analyze market conditions and liquidity pool interactions to refine and optimize trading strategies. By learning from each transaction, ULDMv3 adapts and evolves, offering increasingly efficient trade executions.

The development of ULDMv3, which spanned nearly a year, reflects Unizen’s commitment to innovation and quality. This upgrade not only optimizes the technical mechanics of trading but also introduces adaptive, self-improving algorithms that dynamically adjust to real-time market conditions.

With these updates, Unizen solidifies its leadership in the DeFi space, empowering its community with the very best tools available. These enhancements promise to deliver unprecedented value to Unizen’s users and set new standards in decentralized trading efficiency.

Experience these upgrades via our web-based application at www.zcx.com, or our recently released mobile app available on the google play store here: https://play.google.com/store/apps/details?id=com.unizen_mobile_dapp

The ZCX Token:

$ZCX, as the core token of Unizen, significantly enhances the trading experience by maximizing profitability. It acts not only as a facilitator in this process but also offers users the chance to earn passive income through the platform’s Earn feature. This feature allows token holders to stake their $ZCX and receive rewards, adding an attractive layer of utility to the token. The integration of $ZCX into Unizen’s upcoming Layer 1 solution marks a significant leap forward. This integration is designed to elevate the functionality of $ZCX by embedding it deeper within the ecosystem, where it can play an even more central role in transaction processes and governance mechanisms.

Unizen’s strategic development of its own Layer 1 blockchain, which is currently in stealth mode, is a pivotal part of its expansion. This blockchain is tailored to support both programmable and non-programmable chains, thereby broadening its applicability and potential user base. The design aims to boost interoperability among different blockchain technologies within Unizen’s ecosystem, facilitating smoother and more efficient cross-chain transactions. This enhancement is crucial for driving wider adoption and easier access to web3 technologies, making them more user-friendly and integrated.

The introduction of Unizen’s Layer 1 blockchain is poised to redefine the way users interact with the platform, offering them more seamless, secure, and swift transactions. It promises to leverage the inherent strengths of $ZCX, ensuring that the token not only increases in utility but also in value, as it becomes an integral part of a larger, more interconnected ecosystem. This development aims to attract a diverse group of users, from seasoned traders to those new to the web3 space, enhancing their overall experience and engagement with decentralized finance.

About Unizen:

Unizen is an entirely new category of DEX Aggregator with comprehensive omni-chain access and UTXO support. We offer unparalleled returns on decentralized trades industry-wide. Even compared to leading DEX Aggregators like 1inch, Paraswap, and Matcha.

Our platform boasts a seamless experience with zero bridging, no sign-ups, no fees, and no KYC requirements, all while maintaining complete decentralization. We’ve created an entirely new class of DEX Aggregator, distinguished by an industry-leading Unizen Liquidity Distribution Mechanism (ULDM), Unizen Interoperability Protocol (UIP), and comprehensive omni-chain access, and UTXO support (starting with native Bitcoin). 

Our industry-leading innovations give us the ability to provide the highest returns on decentralized trades in the world: access to more than 20,000+ assets across 9 chains and over 170 decentralized exchanges.

Company
Website I DocumentationCMC

Community
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Product
ZCX.com I Mobile App 

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