Connect with us

Press Release

What Does the future hold for MDEX after the Halving?

Avatar

Published

on

On June 5, MDEX officially started its first halving. What changes will the halving bring? And what does it mean for MDX holders?

Before answering these questions, we can take a look at a typical example of cryptocurrency halving.

In 2012, Bitcoin halved for the first time, and its price skyrocketed over 84 times afterward; in 2016, Bitcoin halved for the second time, and rose 29 times afterward; Bitcoin’s most recent halving occurred in 2020, and the price peaked near $65,000 after that, which was also over 7 times higher than the $8,700 at the time of the halving. Investors have reached the consensus that havling means skyrocketing prices. Based on bitcoin’s halving history, we can try to predict how MDX will perform after halving.

MDEX currently produces 80 MDX per block, and each three seconds a new block is generated, which makes MDX’s daily output is 4.6 million (including both BSC and HECO chains). After the first halving, the output per block is reduced to 40 MDX, making MDX’s daily output reduced to 2.3 million.

MDEX adopts a “double mining mechanism” that combines liquidity mining and transaction mining. The advantage of this approach is that it can attract users to actively participate in transactions at the early stage of the project launch and thereby empower the platform with funds and traffic. However, there is also this problem that its token MDX has been facing increasing selling pressure in the secondary market, which is one of the reasons why the price of MDX’s tokens has been sluggish. The most direct effect of this halving is to reduce the selling pressure, making it easier to push up prices. In addition, it will also stimulate demand for MDX purchases.

Similarly, in the early days, Bitcoin production was high and mining difficulty was low, so users could easily obtain a large amount of Bitcoin, resulting in low purchase demand and low price. However, with the halving of Bitcoin, its production decreased, and the rising hash kept pushing up the mining difficulty, making it difficult for users to obtain more Bitcoin from mining. Users then started to choose to buy directly from the secondary market, thus driving up the price of bitcoin.

By the same token, on the one hand, with the halving of MDX, when the accelerated release period of MDX is over, it will become more and more difficult for users to obtain MDX through mining. While on the other hand, the IMO and community governance scenarios of MDEX will continue to expand the application scenarios of MDX. Users will have to buy MDX from the secondary market if they want to participate in MDEX activities, which also gives MDX another potential upward momentum.

The halving of MDX is based on the same logic as Bitcoin, but with a higher frequency– once every six months. Its daily production is reduced by half after each halving. In this way, in the first quarter of 2023 year, basically 80% of MDX will be mined out; with the reduction of production, the growth rate of MDX circulation will further decrease. The official MDEX repurchase and burn mechanism as well as the enhancement of community consensus, MDX will enter a new round of upward price change.

Intrinsic Mechanism Drives Up MDX’s Value

In addition to the halving, MDEX also uses other intrinsic mechanisms to drive up the value of MDX.

According to relevant rules, MDEX injects 30% of the daily platform revenue into the pending repurchase pool and automatically executes repurchase and burn when the smart contract is triggered by the repurchase price (72-hour MDX average price). From MDEX’s official website, MDEX has burned more than 6.4 million MDX on BSC and more than 42 million MDX on HECO, and the total repurchase amount is over $115 million according to the latest price of MDX.

MDEX’s “Burning Black Hole” campaign is another supplementary mechanism to accelerate the MDX deflation and further empower the value of MDX. In the Burning Black Hole campaign, MDEX will set aside 300,000 USDT per round to build a burning prize pool, and the rest pool is investments from MDEX users. There are three prizes set up in the campaign, the first prize Jupiler rewards users with 10% MDX from the prize pool; the second prize Saturn rewards users with 100,000 USDT, and the remaining users will share the 200,000 USDT remaining MDX in the prize pool. 90% of the MDX invested by users in the campaign will be burned.

As there are more transactions on MDEX, the transaction fee may also continue to increase, which means an increased number of MDXs will be burned; according to the data on MDEX’s official website, the first round of the Burning Black Hole capaign has burned a total of over 400,000 MDXs. If the campagin took place on a daily basis, the average daily MDX burn would be doubled. Along with the regular repurchase and burn mechanism. it will enable MDX to enter the deflationary stage in advance. That is, the daily MDX output wil be less than the daily MDX burned. This deflation will in turn increase the speed of MDX appreciation.

A horizontal comparison with DEXs

Let us now horizontally compare MDEX with other mainstream DEX:

Project lock-up volume daily transaction volume Total market value
Uniswap 6.6B 1.12B 27B
Sushiswap 3.9B 0.56B 3.02B
Pancake 8.1B 0.75B 5.61B
MDEX 4.01B 2.50B 2.46B

Data source: DeBank

From the table, it can be seen that, at present, the lock-up volume of MDEX is about 1/2 of Pancake, 2/3 of Uniswap, and basically at the same level as Sushiswap. But its average daily transaction volume of $2.5 billion is far ahead of the other three DEXs, and even higher than their sum. However, in terms of the market cap of MDX in circulation, it is only 1/11 of UNI and less than 1/2 of CAKE. Therefore, if the valuation logic is similar, then MDEX is just beginning to discover its value.

The above comparison of mainstream DEX shows that, in terms of total liquidity, MDEX is still somewhat lagging behind the current DEX leaders. But considering that MDEX has been online for the shortest time, its growth history is not comparable to Uniswap that has been in the DEX mark for years, or to Sushiswap and Pancake that have experienced DeFi hot and a bull market. In this sense, MDEX’s achievements in lockup volume and market capitalization are worth celebrating.

The highlight of MDEX is its transaction volume. With the support of transaction mining, its daily transaction volume has been far ahead of other head DEXs, and its growth is even more breathtaking. With the help of the upcoming halving, MDEX will give full play to the virtuous cycle of the repurchase and burn mechanism and dual-mining mechanism, which will bring MDEX a much broader future.

From the development history of DEX, it took Uniswap 840 days to increase the cumulative transaction volume from 0 to 100 billion, while MDEX accomplished the same result in just 50 days. If MDEX continues its current momentum, it will maintain a steady growth in locked positions with the development of the DeFi market, and enhance its transaction volume with the help of the dual-mining mechanism. The existence of repurchase and burn mechanism and the forthcoming having will further empower MDEX to secure a unique place in leading exchanges. Correspondingly, the value of its token MDX is still estimated to have the potential of more than several times of growth.

Official website: Click Here

Discord: Click Here

Twitter: Click Here

Medium: Click Here

Global Telegram: Click Here

Official Channels: Click Here

Continue Reading

Press Release

BULLZ launches new campaign manager for web3 projects to collaborate with content creators

Avatar

Published

on

BULLZ, known as the “TikTok of Crypto ”, is the first dedicated platform for users to discover and get rewarded for blockchain and crypto-related recommendations. Meanwhile having onboarded creators with an amassed 24m+ reach, the app has announced its feature expansion for verified creators and web3 projects to collaborate seamlessly. The new BULLZ Campaign Manager is available for any web3 related project to launch a campaign and receive user-generated content from top verified creators.

Brands can now instantly set up content requests through the BULLZ Campaign Manager to help boost their marketing, social proof and overall project awareness. After setting up the campaign, it is immediately broadcasted to verified BULLZ creators directly within the app. Creators can view the details, discover the project and decide whether to submit to the campaign by creating and uploading a video about the project.

Depending on the campaign settings, content creators can also earn more rewards for sharing the content on Twitter and/or Instagram. This ensures the content creation and content distribution for web3 brands. After submitting to a campaign, creators receive the $WOM reward instantly in their wallet. Since the content is part of a brand campaign, it is labeled as “sponsored” within the BULLZ app to ensure transparency. BULLZ has already initiated first campaign use-cases with various crypto projects, including Jigstack, Mad Metaverse, and leading music NFT Marketplace ROCKI.

Bjorn Niclas, CEO & Co-Founder – ROCKI: “We are excited to create campaigns on BULLZ as it not only supports our content marketing but in a way also helps onboard more potential users who might have not known about ROCKI but now get to learn more about what we are doing. Videos are also a great medium to grab attention and bring awareness.”

Melanie Mohr, CEO & Founder of BULLZ: “This new feature for brands and creators will really fuel web3 marketing and community building to a next level. We know how hard it is for web3 related projects to market the amazing products they are building. Now they can easily set up campaigns as content requests in under 5 minutes and start seeing the first influx of content around their products. There is no selection process, as every verified creator sees the campaign and can personally decide to submit or not. This helps maintain authenticity and is seen within the content.”

The BULLZ app is available for both iOS and android users. BULLZ has integrated the WOM Protocol as an economic incentive system that allows users to monetize their word-of-mouth recommendations about blockchain-related projects.

About the WOM Protocol

WOM (word-of-mouth) Protocol is a blockchain-based protocol that gives brands, content creators, publishers, and social networks a way to monetize word-of-mouth recommendations on any website, app or platform. WOM is backed by dozens of seasoned investors from around the globe. For more info about WOM: https://womprotocol.io

About BULLZ

BULLZ is a dedicated app for discovering authentic blockchain and crypto-related recommendations. Users can find trending projects, discuss them together with other crypto enthusiasts and experts and can get rewarded for sharing their own videos about the projects and companies they love. With the “promote to earn” model, users are rewarded with WOM Tokens for their recommendations directly within the app. For more information about BULLZ: https://bullz.com

Continue Reading

Press Release

Lyfe, the first music artist to debut its own Metaverse

Crypto Chain Wire

Published

on

Miami-based entrepreneur Antonio Trincao, a.k.a. Lyfe, has unveiled the imminent release of his music album and the most innovative entertainment experiences and concerts in his own unique medium: The Odyssey Metaverse.

Introducing Lyfe from The Odyssey

After turning his career from being a tech entrepreneur to a full time music artist, Antonio Trincao a.ka. Lyfe shares how he got to do this transition in his career:

“My dream is to create music that becomes the bridge for anyone to start pursuing their own dreams. I believe that we live in a period in time that we are going through a global spiritual awakening, where people will actually want to break free. My generation wants to eat well, exercise, study, learn, dream and celebrate life in the most meaningful manner.

We want to make money and live our life by doing what we love.

I came to terms that I want to pursue what I love. And I found that one of the main pillars of this revolution of “pursuing what you love” will be the Metaverse. I think if done right, it will become the foundation that allows people to ideate, create and pursue their dreams, and develop their own businesses in a transparent and truly engaging online world.

The thing I’m proud, is that we actually have a Metaverse platform that works, has beautiful 3D graphics that provides a pleasant experience for fans, has engaging features that as an example allows fans to meet me virtually and see me, and works in any smartphone or laptop. No headsets needed.

On the other hand I also love real life. I love people. I love performing, but the power that a virtual world platform gives to you is unbelievable, because there is no limit of what you can do.

So I want to revolutionize the entertainment industry by co-ideating with my fans the most spectacular worlds, and perform the most unique concert experiences first in The Odyssey and then replicating in real life.”

Lyfe shared that he gained this knowledge after producing a virtual concert back in 2020 with super stars Farina and Toosii that had more than 40,000 attendees and 1,000,000 views across social media platforms.

The former tech entrepreneur shares also shared that the first step to be part embark on this journey is getting the Lyfe book.

“I decided to create a book with 6 chapters, with a strong focus on my life journey until now as an entrepreneur. Not from a place of ego, but more from a place of vulnerability so that people understand why I am doing this.

In 2020 I had one of the most turbulent years of my life after pivoting my first company (events marketplace) to a virtual events platform, face rapid growth and fail to deliver product to customers.

This led to a huge financial crisis and debt and something that was the catalyst to really ask what do I want to do with my life!

Building something out of nothing, and tell a story with true purpose, it’s probably one of the best feelings in life. You really feel like a pirate on the discovery of the unknown. Although my problem is that I never truly pursued the purpose I believed in, in the way that I’m truly made to pursue. In the way that I truly love, and in the way that I know I’m gifted. Through music.”

The Lyfe NFT Book

On June 20th, 2022, Lyfe unveils the real-life NFT book with a limited edition of 50,000 copies, that contains the journey for Lyfe fans including his story, the why of his music, and citizenship passes to access The Odyssey Metaverse entertainment experiences.

Lyfe journey to The Odyssey shared in the Book

Lyfe and his team have created a journey that serves the purpose of his music.

Empowering humans to bring their dreams to life.

Lyfe states “I feel that the world has lost its soul, and at the same time we are looking to feel more spiritually connected. My music and the type of concert experiences that I will create for my fans will help them discover their passions, and what they truly love. This book, the music and experiences that I create it’s all about helping you get there.”

The First Step

Lyfe is dropping the first song from his album, with the sole purpose of empowering his fans to pursue what they love in life.

Those holding Lyfe’s NFT book will also have a partial royalty on the song launch.

Lyfe shared “My dream is that the song translates the messaging behind the Lyfe Revolution, which serves has a daily ignitor and catalyst to help humans pursue the very best version of themselves.

On top of that, I believe this is the first time of the history of our civilization that we can actually break free, achieve the financial freedom that we always dreamed about and truly pursue what our heart and dreams wants. Therefore all the holders of the book should have a partial royalty, because this song was made for them. To support them. To empower them.” 

The Second Step

Lyfe is challenging all its community members to get the Galatian NFT a collection of 7,777 characters with the sole goal of doing the #lyfexercise a 5-day tech detox.

Galatians will have to turn off their smartphones, laptops, and hardware devices during this period. Instead of using their devices, they will have to connect with their inner spiritual soul by writing and thinking about various questions such as:

●  What makes them happy?

●  What are their fears?

●  What are their dreams?

●  What have they accomplished in the last 2, 3, 5, or 10 years?

●  What are they ashamed of?

After completing the challenge, members will be rewarded with an exclusive Lyfe metaverse video concert airdrop and special merch members only sale.

Lyfe shared “I want my fans to feel empowered from day one. I want them to think about what they truly love in life. And let my music be their daily friend that comes and says hi while they go on that journey.

The Third Step

Lyfe will launch the y-Chains, a 2,000 edition in real life, and Metaverse chains, giving Lyfe fans “The Galatians” a citizenship pass in The Odyssey Metaverse. The citizenship pass will feature two elements:

●  Full features that come with the citizenship, including video calls, shopping in-world, events, so that Lyfe Fans “The Galatians” can meet Lyfe and other members, and participate in experiences

●  Access to the all areas of The Odyssey and discovery Lyfe’s most unique entertainment experiences.


Lyfe quotes:

“My vision is actually to create entertainment experiences designed by the fans. I want to co-build concerts with my fans and community. I want them to ideate experiences, create products, organize event experiences so we can build the most unique entertainment experiences that the world has ever seen.”

Lyfe shared with our team that, more chapters will be unlocked after the Chapter 3 y-Chains but as of right now remain in secrecy and will be only revealed upon completion.

Lyfe also states his wish to help shift from the culture of “addiction” and overuse of online platforms like Facebook or Instagram:

“One of the very first things I want to achieve with our community that we are creating is that my fans have a limit of 4 hours a day of usage in The Odyssey. My team and I think 4 hours will allow fans to experience the best entertainment experiences online, meeting other like-minded fans and still enjoy the outside world and spend time in real life.”

About Lyfe

Antonio Trincao, a.k.a. Lyfe, is an artist and entrepreneur based in Miami, Florida. 

“I see myself more as a Steward of the message: Pursue what you love. I want to create music that endures the purpose of this community. Now, I am actively recruiting to fill all executive positions, including CEO and COO to help operate The Odyssey which will be the playground for my fans and my concert experiences, while I focus on what I love… Music!”

The Odyssey aims to become a defining project in crypto, NFTs, and the Metaverse. Lyfe and his project will launch a summer tour of events, starting with the official launch during NFT NYC, where fans can meet Lyfe and get to learn more about his vision in person.

For more information and to start your journey with Lyfe please follow the links below:

Lyfe | website | Lyfe on Instagram |

Continue Reading

Press Release

Inaugural ZENCON a resounding success

Crypto Chain Wire

Published

on

Over 200 participants and attendees of the 68-Hour-Hackathon produced 24 projects across 5 categories on the newly introduced ZENIQ Smartchain. Conference to return next year.

It wasn’t only the views that were breathtaking. Once the virtual dust had settled, so were the results of the inaugural “ZENCON Technology Conference and Innovation Awards Hackathon” at the Grand Hyatt Hotel conference location in Playa del Carmen, Mexico.

Under a strict time limit of just 68 hours the attendees of the Hackathon event produced stunning results that made the high-caliber jury of Shahin Kamran (Vice President Blockchain Product Development & Innovation at Mastercard), Oderli Ferriani (CEO TUPAN.io a S.E.C regulated token), Rodrigo Espinosa (DIRECTOR at Greentech cluster & International Cleantech network), Mag. Erwin Dokter (CEO of ZENIQ(R) Technologies Ltd.) and Fernando Unzue (Business Technical Director in Data Loyalty) wonder if it would be fair to declare winners.

“We knew we arguably had some of the brightest minds in blockchain development on site here in Mexico. But then these hackers came storming out of the gates and the results were nothing short of spectacular,” said Dokter, co-founder of ZENIQ, the company behind ZENCON. “It’s exactly what we hoped for – an in-person event that would spark creativity and showcase what the ZENIQ Blockchain and Smartchain really are capable of.”

It is fair to say that the conference checked both boxes. In total, 200 developers and innovators attended the conference, making the inaugural event a resounding success. 24 projects were created across five categories. Eventually, the jury had to make a call and awarded these projects prizes ranging between 10,000 and 20,000 USD.

The second inaugural “ZENCON Technology Conference and Innovation Awards Hackathon” will be held in June 2023. The location will be announced at a later point in time.

CATEGORIES & WINNING PROJECTS

  • In the “Metaverse/Gaming” challenge, contrary to expectations, two extraordinarily exciting projects will share the $20,000 with $10,000 per project.
    • TeMe – An easier and more fun way to manage the information of the company’s employees (10.000$)
    • Netverse (A metaverse-project where the players can challenge each other for an amount of ZENIQ tokens) (10.000$)
  • In the “NFTs/Tokenization” challenge, the $20,000 prize money will be distributed to the N Farm project. N Farm is an NFT platform for the certification of food of animal origin that facilitates normative export.
  • In the Challenge “Decentralised Finance (DeFi) & Defi 2.0”, the $20,000 prize money goes to the True Commit project. The team builds accountability into finance and links investments directly to final purchases.
  • The $20,000 of “The world of Web 3.0/Tools & Infrastructure” Challenge was won by the team “Data Link”. The team focuses on incentives for data sharing and credential verification in the chain.
  • The category “B2B/B2C solutions on the ecosystem” presented a particularly exciting picture for all participants. The top prize of $20,000 went to DemeterGift. Their project focuses on fundraising as a service on the web3.

In addition, there were two special prizes that no one had expected. One was the Huitzil project, which simplifies the creation of smart contracts. The other was the FiDora project, which specialises in the decentralisation of real assets. Both projects were accepted into the ZENIQ Incubator Programme.

QUOTES

“ZENCON was a wonderful experience and I cannot wait to be a part of the next edition”, Damiany Rosales, Durango-Mexico

“I learned a lot about blockchain in general and how to interact and meet a lot of people from a lot of countries”, Salvador Gutierrez, Durango

“We came here with no expectations and were very pleasantly surprised to find so many motivated talents from all over the world. We are convinced that ZENIQ is creating a platform that will change the world for good. ZENIQ to the moon!”, Balint Tatai, Austria

“A fantastic hotel and a great opportunity to meet wonderful people and very well organised.

My team and I are already looking forward to next year’s event!” Vitali Kromine, London UK

About ZENCON

Introduced in 2022, ZENCON by ZENIQ is an annual technology conference and event to unleash the power of the ZENIQ blockchain technology. With more than 11,000 applicants for only 200 coveted spots, the ZENCON Hackathon will feature some of the world’s finest blockchain developers and innovation leaders. ZENCON 2022 is being held in Playa del Carmen, Mexico from June 3-8, 2022. More information about ZENCON can be found by visiting www.zencon.io.

About ZENIQ Technologies Ltd.

The blockchain project was launched in 2018 and ZENIQ Technologies Ltd. was officially established in May 2021. It is a research and development company that develops customised, proprietary software and hardware solutions based on blockchain technology. Based in Dubai, UAE, the company has quickly made a name for itself with the ZENIQ Hub, a unique hardware device for fully integrated decentralised usage of blockchain applications. Learn more about the ZENIQ ecosystem at www.zeniq.com.

Media Contact:

pr@zeniq.com

Eric Heinemann

CMO of ZENIQ Technologies

PR Contact:

ZEXPRWIRE

info@zexprwire.com

Continue Reading

Trending