News

WiseToken: The Gold standard to DEFI on Binance Smart Chain launching on BSCstarter

Published

5 years ago

April 26, 2021

WiseToken (WISE) is a community-driven project building its DeFi token on the Binance Smart Chain (BSC). WISE is the first ever ownership less asset backed crypto in defi which has the following features such as:

Asset backed – meaning that WISE is backed (not pledged) with a large pool of BNB which means the price of WISE token will move with BNB and also independently. This gives its holders an exposure to the phenomena to “Diversification to one Token”.
No team token – yes, you heard it right. There aren’t any fixed reserve for the team or the developers instead they will get the WISE token the same way any other user will i.e. BUY IT
No Admin Keys – true decentralisation can be achieved only when there are ZERO % alterations, hence WISE token smart contract is designed in such a way that it will destroys the admin key and make WISE unalterable

Despite the above features being one of its kind, WISE token is been audited by CoinFabrik (Report) and The WISE team also ran a 100 ETH bug bounty for the community to double check the code before launching

Project Components:

Stake: Earn consistent APY over a duration of time period chosen by user
Lend: Collateral Lend & Borrow – Leveraged (Like stalking with 1BNB and being able to lend 3BNB and making interest on the entire position)
Pool: Provide liquidity to partner DEX pools or the WISE token reserve pools
Hold: Users will be able to take advantage of multitudinous gains from WISE & its backing tokens such as Binance Coin (BNB) as well as Ethereum (ETH)

WISE Tokenomics

The WISE token contract has no set total supply, instead the initial supply minted by the users through the Liquidity Transformer which will fall under a defined range and partially by confined randomness and referral bonuses.

The 50 day Liquidity Transformer has an average of five million WISE available each day, though some days have randomness involved. This means the total supply available in the LT will likely be around 250 million WISE. Due to referrer bonuses, there could be up to an additional 10% minted on top of that (i.e. up to 25 million more).

For more information you can check out the doc section of WISE token here

Use Case of WISE Token

The current best use case for WISE is as a store of value. Since WISE is backed by an

un-removable pool of ETH on Uniswap, the only store-of-value risks are from sells on Uniswap,and the price of ETH itself going down vs the USD. On the other hand, buy on BSCstarter with BNB, compound the gains already seen when BNB is appreciating in price.

Liquidity: 5th largest pool on Uniswap

WISE has the 5th largest pool on Uniswap ($200 million). This locked liquidity acts as a bank to hold the value of WISE to a certain amount of ETH. More purchases on Uniswap increase the amount of ETH backing each WISE. In a worst-case-scenario, if all WISE were sold back to Uniswap, even the last to cash out would get some ETH back, and there would be 28,000 ETH remaining in the pool.

Launch on BSCstarter

WISE is launching a version of it’s contract on BSC in April. This will include a massive 15 day

long 200,000 BNB raise and $550,000 in instant cash prizes (paid out in BNB) for participants in the presale. We intend to create an initial $100 million liquidity pool for WISE on Pancakeswap.

About BSCstarter:

Innovation for bootstrapped projects has been grinding to a halt on the Ethereum blockchain. Exorbitant gas fees have nearly caused new project launches to stall and existing projects to lose user engagement — staking, claiming, and normal trades are costing ETH users hundreds in transaction fees.

And this trend will likely continue.

But innovation cannot be stopped. Over the past quarter, developers have sought lower-cost options to deploy their experiments. The Binance Smart Chain (BSC) has become the go-to platform for new product launches based on Solidity, and for existing projects looking to stay alive.

BSCstarter — it is a community-governed launchpad for raising capital for BSC projects, that isn’t filled with government red tape and KYC rules. Instead, it is the BSCstarter community that will determine which projects to list. It is the BSCstarter community that uses their collective due diligence and DYOR skills to vote Yes or No on projects coming through BSCstarter looking for funds.

The BSCstarter community is self-empowered to:

Performing due diligence on every submitted application on their own
For community members holding at least 100 START tokens, approving or denying applicants
Any community and non-community member can invest in approved START projects
Community members can approve a future grant of 1,000 START tokens if the project is on track as promised one month after the sale
FREE audit for projects who successfully complete a raise, by a trusted community auditor not corporate suit auditors
There are no special conditions — every project approved by our community is automatically given a 1,000 START token Incubation Grant, with a 30-day lock from the day of listing on PancakeSwap.

The BSCstarter developers benefit from:

A reliable and vibrant, fully self-governed community seeking trustworthy launches on BSC
An open and self-service application process, available for a one-man dev shop or 100-man operation
An ecosystem that will help increase their chances of success via connections and potential partners who are aligned with their vision
FREE contract audits by well-known community members (Rug Detectives and VidarTheAuditor) * A wonderful user experience for their customers

For Developers:

Unlike some of the other options available, the team behind BSCstarter does not serve as gatekeepers of the platform. Neither do we perform KYC or similar vetting to hand-pick projects for our establishment suits and VCs who attempt to continue getting ahead of us. Instead, developers from all walks of life are invited to self-submit their presale on BSCstarter — no approval needed from centralized teams controlled by investment funds! (Ref. Medium)

For Investors:

The team behind BSCstarter appreciates the DeFi community that has helped carry the industry for the past year, because they are us! We are the devs, the degens, apes, and chads/chadettes who are finally given a chance to invest in innovation that provides us with liberty, freedom, and equal opportunity for all. That’s why BSCstarter has an open door policy, where anyone who trusts the peer-review of projects from their fellow community members, can participate in any presale on the platform. (Ref. Medium)

Redefining Startup Incubation Through Blockchain

In the traditional world of startup incubation, project leaders are usually given a small investment after successfully completing their incubation program. They are also given the opportunity to raise more rounds in the future via lead investors and their networks if they continue to execute as originally pitched.

BSCstarter is replicating this exact concept and applying it to the decentralized community on Binance Smart Chain. Together with our hive minds and experiences, our community is collectively responsible for:

Performing due diligence on every submitted application
For community members holding at least 1,000 START tokens, approving or denying applicants
Any community and non-community member can invest in approved START projects
Community members can approve a future grant of 100 START tokens if the project is on track as promised one month after the sale
FREE audit for projects who successfully complete a raise, by a trusted community auditor not corporate suit auditors

There are no special conditions — every project approved by our community is automatically given a 100 START token Incubation Grant, with a 30-day lock from the day of listing on PancakeSwap.

Media Contacts:

BSCStarter

Website: https://bscstarter.finance/

Twitter: https://twitter.com/bscstarter

Telegram: https://t.me/BSCstarter

WISE Token

Website: https://wisetoken.net/

Facebook: https://www.facebook.com/wisetokens

Twitter: https://twitter.com/wise_token

Docs: https://wisetoken.net/docs#sec-2-1-1

Telegram: https://t.me/WiseToken

Crypto

US Soldier Charged Over $400K Polymarket Bet on Maduro’s Capture

Published

3 weeks ago

April 24, 2026

Victor Smith

A US Army soldier is facing serious criminal charges after allegedly using classified military information to profit from bets placed on a prediction market platform.

Insider Knowledge Used for Betting

According to the US Department of Justice, Master Sergeant Gannon Ken Van Dyke was involved in planning and executing a military operation that led to the capture of Nicolás Maduro in January.

Prosecutors allege that Van Dyke used this insider knowledge to place bets on Polymarket, including contracts tied to:

Maduro being removed from power
Potential US military actions in Venezuela

Authorities say he placed multiple bets before the operation became public and ultimately made more than $400,000 in profit.

Attempt to Cover Tracks

Investigators claim Van Dyke took steps to conceal his actions, including:

Requesting Polymarket to delete his account
Moving funds through cryptocurrency channels
Changing account details to obscure his identity

He allegedly transferred a large portion of his profits to external accounts before converting them into traditional financial assets.

Charges and Legal Consequences

Van Dyke now faces multiple charges, including:

Wire fraud
Commodities fraud
Theft of government information
Unlawful use of confidential information

Some of these charges carry potential prison sentences of up to decades, reflecting the severity of using classified intelligence for personal gain.

First Major Insider Trading Case in Prediction Markets

Officials say this may be the first major US case of insider trading linked to a prediction market, marking a turning point for regulation in this emerging sector.

The Commodity Futures Trading Commission has also taken action, highlighting concerns about how easily confidential information can be monetized through such platforms.

Polymarket Responds

Polymarket stated that it detected suspicious activity tied to the case and cooperated with authorities.

The platform emphasized that:

Insider trading is not tolerated
Monitoring systems are in place to detect misuse
The case demonstrates enforcement mechanisms are working

Broader Concerns Around Prediction Markets

The incident has intensified scrutiny of prediction markets, which allow users to bet on real-world events.

While these platforms have gained popularity, critics argue they may:

Enable trading on non-public or sensitive information
Create ethical concerns around betting on geopolitical or military events
Require stronger regulatory oversight

A Warning for the Industry

The case underscores a growing risk as financial innovation intersects with sensitive information.

Authorities made it clear that:

Using classified data for profit is illegal, regardless of the platform
Blockchain-based or decentralized systems do not provide immunity
Enforcement is catching up with new financial technologies

Blockchain

LayerZero Blames Kelp Setup for $290M Exploit as Aave Fallout Deepens

Published

3 weeks ago

April 22, 2026

Victor Smith

The fallout from the recent Kelp DAO exploit continues to ripple across the crypto ecosystem, with LayerZero pointing to a flawed system setup as the root cause of the attack.

Single Point of Failure Led to Exploit

LayerZero said the breach stemmed from how Kelp DAO configured its decentralized verifier network (DVN).

The attacker drained roughly 116,500 rsETH, valued at nearly $293 million, from Kelp’s LayerZero-powered bridge.

According to LayerZero:

Kelp relied on a 1/1 DVN setup, meaning only one verifier was used
This created a single point of failure
Prior recommendations to diversify verifiers were not followed

As a result, the attacker was able to exploit the system without needing to bypass multiple verification layers.

LayerZero Distances Itself

LayerZero stressed that the issue was not a flaw in its protocol, but rather how Kelp implemented it.

The company is now:

Urging all projects to adopt multi-DVN configurations
Warning it may stop supporting apps that continue using single-verifier setups

Aave Hit With $195M in Bad Debt

The impact quickly spread to Aave, where the attacker used stolen assets as collateral to borrow funds.

This led to:

Around $195 million in bad debt
A sharp drop in Aave’s total value locked
Billions withdrawn by users amid rising concerns

Liquidity issues have also emerged, especially around Ether-based lending pools.

Liquidity Risks Raise Alarm

Reduced liquidity on Aave is now creating additional risks.

Analysts warn that:

Markets are nearing 100% utilization
A 15% to 20% drop in Ether price could trigger further instability
Liquidations may fail under current conditions

To limit further damage, Aave has frozen rsETH markets across its platforms.

Who Covers the Losses?

With no clear recovery plan, debate has intensified over who should absorb the losses.

Suggestions from industry figures include:

Negotiating with the attacker for a partial return of funds
Using ecosystem funds to cover losses
Spreading losses across users
Attempting a rollback to pre-hack balances

Each option carries trade-offs, and no consensus has emerged.

Broader Implications for DeFi

The incident highlights how interconnected DeFi protocols can amplify risk.

A vulnerability in one protocol can quickly:

Spill into lending markets
Trigger liquidity crises
Impact multiple platforms simultaneously

Security Practices Under Scrutiny

LayerZero’s criticism of Kelp’s setup underscores a key lesson: security configurations matter as much as the underlying technology.

As protocols grow more complex, ensuring robust multi-layer verification systems may become essential to preventing similar exploits.

Crypto

US Admiral Says Bitcoin Could Strengthen National Security and Cyberpower

Published

3 weeks ago

April 22, 2026

Victor Smith

A senior US military official has highlighted Bitcoin’s strategic potential, arguing that its value goes far beyond finance and into the realm of cybersecurity and national defense.

Bitcoin Seen as a Strategic Technology

US Navy Admiral Samuel Paparo described Bitcoin as a “valuable computer science tool” during a Senate Armed Services Committee hearing.

Paparo said Bitcoin’s underlying proof-of-work (PoW) system plays a key role in strengthening cybersecurity by making attacks more costly and difficult to execute.

He emphasized that:

Bitcoin is not just a financial asset
Its architecture can support broader security applications
It contributes to what he called US “power projection”

Beyond Money: Cybersecurity Applications

According to Paparo, Bitcoin’s PoW mechanism introduces computational costs that act as a deterrent to malicious actors.

This model could potentially be applied to:

Securing sensitive data
Protecting communication systems
Strengthening digital infrastructure

The idea is that systems built on similar principles could make cyberattacks more resource-intensive and less effective.

Echoing Earlier Military Views

Paparo’s comments align with earlier statements from Jason Lowery, who has argued that Bitcoin’s architecture could be used to secure not just money, but also:

Messages
Command signals
Critical data systems

Lowery has previously warned that focusing only on Bitcoin’s financial use underestimates its broader strategic importance.

Rising Cyber Threats Drive Interest

The discussion comes as cyber warfare becomes an increasingly important part of global conflict.

State-linked groups, including North Korea’s Lazarus Group, have:

Stolen billions in crypto
Used ransomware and phishing attacks
Targeted financial and infrastructure systems

These threats are pushing governments to explore new defensive technologies, including blockchain-based solutions.

Bitcoin’s Role in US Strategy

Paparo described Bitcoin as a “peer-to-peer, zero-trust system”, suggesting it aligns with modern cybersecurity principles.

While he did not directly address policy questions raised during the hearing, he noted that technologies supporting US national power are inherently valuable.

Policy Momentum Building in Washington

The growing strategic interest in Bitcoin is also influencing legislation.

US Senators Cynthia Lummis and Bill Cassidy recently introduced the Mined in America Act, which aims to:

Boost domestic Bitcoin mining infrastructure
Reduce reliance on foreign hardware
Strengthen supply chain security

The proposal also ties into broader efforts to formalize a US Strategic Bitcoin Reserve.

A Shift in How Bitcoin Is Viewed

Bitcoin is increasingly being seen not just as a digital asset, but as a strategic technology with implications for national security.

As governments continue to assess its potential, its role may expand into areas like cybersecurity, defense infrastructure, and geopolitical strategy.