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Press Release

Unicrypt Protocols Transforming DeFi : focus on the ILO Platform

Team Bitcoin Daily

Published

3 years ago

on

The Unicrypt Network ILO platform is actively contributing to bring DeFi to the next level. Each ILO (presale) must lock between 30–100% of the raised currency as counter liquidity to the sale token.

This measure instills confidence in DeFi by guarding liquidity providers against rug pulls, where a project’s team can withdraw all liquidity from the AMM (e.g Uniswap) without informing investors.

The new Launchpad is making a reputation for itself as the cross-chain ‘Uniswap for presales’ – any DeFi startup can host its token sale on the platform in a similar manner to how any token is free to list on Uniswap. An additional human layer of audits and KYC is available on their ILO platform. This allows auditors and whitelisted KYC partners to comment and update the status of each ILO taking place.

Unicrypt’s presale platform benefits new projects by allowing them to lock liquidity while avoiding problems like lack of funding, promotions, support, and much more as they are willing to help in the incubation of new stellar projects.  

This launchpad is designed to offer DeFi projects an alternative to platforms like PolkaStarter or TrustSwap pads that impose stringent requirements for applications.  

Recent ILOs hosted on Unicrypt

The Unicrypt network platform is proud to announce the successful completion of the Graphlinq presale, which sold out in 20 seconds on the Unicrypt initial liquidity offering (ILO) platform. 

During the public sale held on March 21, participants received the project’s native ERC20 token, GLQ; they can now use the token to execute diverse processes over the blockchain to trigger events, automate tasks and more. 

Unicrypt has now cemented its partnership with the Graph Linq protocol and will soon introduce enhancements to its lockers tracking, ILOs and data analytics tools.

Unicrypt’s fully decentralized and automated presale platform also recently hosted the Panda Dao public sale on Binance Smart Chain (BSC) on Friday, March 5, 17:00 UTC.

Latest Developments on the Unicrypt Protocol

Unicrypt has made big strides in transforming into a multi-chain presale & liquidity Dapp platform. The protocol is currently live on ETH, BSC and xDai blockchains and has recently deployed its liquidity lockers and ILO platform on PancakeSwap and SushiSwap (6 AMMs in total !).

Moreover, UniCrypt’s decentralized Launchpad and Liquidity Locking platform now supports the Polygon blockchain, allowing users to enjoy safe, fast and easy token services directly on QuickswapDEX and Polygon’s high-speed, low-cost infrastructure. 

The amount of liquidity locked across all Unicrypt Automated Market Makers (AMMs) currently stands at $175.8 million.

The adoption of the UniCrypt native tokens (UNCX and UNCL) is also accelerating. UNCX has just been listed on the Hoo exchange on March 22nd.

Establishing Investor Trust in DeFi Projects

To preserve the credibility of its Launchpad and other products, the Unicrypt team completed its audits with Chainsulting (Auditors of 1Inch, Shopping.io…).  

Unicrypt launchpad also offers links and tokenomics for each project, ensuring that investors are fully informed on any startup they wish to invest in. Users can also access discussion areas, websites and social media of each project.

However, the Launchpad is also fully decentralized, meaning that any project can host its presale on the platform. Therefore, there are certain risks associated with decentralized presales that every investor should know about.

Firstly, users should know that token contracts that come with minting functionalities allow the developers to mint as many tokens as they may like, which they can dump on the market. Unicrypt recommends projects willing to launch to fully audit their code, and therefore disclaimers can be found on their UI.

Secondly, investors should research whether a particular token is issued via a proxy, as the developers can adjust the contract in future. Risks associated with such projects include the possibility of dev teams minting additional tokens or freezing token transfers.

Perhaps the highest risk with decentralized token sales is developers abandoning a project after the presale. All investors are advised to conduct thorough research on every project before participating in an initial liquidity offering (ILO).

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Press Release

Introducing the Plena App: A Revolutionary Crypto Super App

Team Bitcoin Daily

Published

3 days ago

on

July 24, 2024

By

We are excited to announce the launch of the Plena App, a groundbreaking crypto super app that seamlessly blends the security of self-custodial wallets with the convenience of centralized applications. Today marks a significant milestone in the world of cryptocurrency as we introduce a platform designed to revolutionize how users interact with digital assets.

What is Plena?

The Plena App is an advanced crypto super app that offers users unparalleled security through self-custodial wallets while providing the ease of use typically associated with centralized applications. With Plena, users can invest in over 100,000 cryptocurrencies, manage transactions, perform asset swaps, and bridge assets with just a single tap. This innovative platform leverages Account Abstraction technology, making it the first of its kind in the crypto space.

Key Features

– Self-Custodial Wallets: Plena ensures users have complete control over their digital assets, combining robust security with user autonomy.

– Comprehensive Investment Options: With access to over 100,000 cryptocurrencies, Plena provides diverse investment opportunities.

– Seamless Transactions: Facilitating quick and easy transactions, Plena makes managing your crypto assets straightforward and efficient.

– Asset Swaps and Bridging: The app allows for effortless asset swaps and bridging, enhancing flexibility and usability for crypto enthusiasts.

– Account Abstraction Technology: Plena’s innovative use of Account Abstraction technology sets it apart, offering a unique and superior user experience.

 Launch Details

We are proud to officially launch the Plena App today. This pioneering platform is set to transform the crypto landscape, providing users with a secure, convenient, and innovative way to manage their digital assets.

Contract Address: 0xed68931e351ee97e8f77c64181475a6e3f2bd573

Join us in this exciting new chapter of cryptocurrency innovation. Visit our website or follow us on X to stay updated with the latest developments and features of the Plena App.

For more information, visit our website or follow us on X.

Website: http://www.plena.finance

X:http://x.com/PlenaFinance

Token: PLENA

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Press Release

How Bitcoin Lotteries Work and Differ from Conventional Lotteries

Crypto Chain Wire

Published

3 days ago

on

July 24, 2024

By

The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.

In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.

What is a Bitcoin Lottery?

Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.

Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.

What Makes Bitcoin Lottery Games Stand Out?

Here are the features that make Bitcoin lottery games a top choice for players.

  • Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
  • Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
  • Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.

Regular Lotteries vs. Bitcoin Lotteries: A Comparison

1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.

2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.

3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.

4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.

Why should one try a Bitcoin Lottery?

Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:

• Safe and open: You can verify every single draw and transaction.

• There are no geographical restrictions; play wherever on the planet.

• Cut expenses by means of lower transaction fees.

• Instant Payouts: Get your winnings easily and quickly. 

Bottom Line

With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.

These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.

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Press Release

Introducing Grok-1.5V: Revolutionizing Multimodal AI

Team Bitcoin Daily

Published

5 days ago

on

July 22, 2024

By

We are thrilled to announce the launch of Grok-1.5V, our groundbreaking first-generation multimodal model. Grok-1.5V, the latest innovation in artificial intelligence, promises to redefine how we interact with and understand the world around us. 

Unveiling Grok-1.5V

Grok-1.5V stands out with its exceptional text processing capabilities, but it goes beyond that. This advanced model can now process a wide array of visual information, including documents, diagrams, charts, screenshots, and photographs. This enhancement allows Grok-1.5V to offer a more comprehensive understanding and interpretation of both textual and visual data.

Capabilities

Grok-1.5V is designed to be competitive with existing frontier multimodal models across various domains. From multi-disciplinary reasoning to understanding complex documents, scientific diagrams, and real-world photographs, Grok-1.5V excels. 

We are particularly proud of Grok’s performance in our new RealWorldQA benchmark, which measures real-world spatial understanding. In zero-shot settings, without chain-of-thought prompting, Grok-1.5V consistently outperforms its peers, showcasing its superior capability in understanding the physical world.

Launch Details

Grok-1.5V will be available soon to our early testers and existing Grok users. We are excited to bring this new level of AI understanding to our community.

Join us as we launch Grok-1.5V on BASE at 19:20 Beijing time today. Don’t miss this opportunity to be part of the future of AI.

Contract Address: 0xeeB0Ea9EcD0Ab9a7a210fA66FCf58ce4747235E6

Stay tuned for more updates and innovations from our team as we continue to push the boundaries of what’s possible with AI.

For more information, visit our website or follow us on X.

Website: https://x.ai

X: https://x.com/xai

Token: x.AI

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