London, United Kingdom, March 13th, 2024, Chainwire
Bitcoin Dogs has now raised a spectacular total of $10.6 million as it nears the final 48 hours of its presale, after which the 0DOG tokens will become available for public trading.
The ICO, the first-ever for a token built on the Bitcoin blockchain, began on the 14th of February. It debuted with a product video that garnered thousands of views and achieved viral growth, amassing a community of over 110k followers on X and in excess of 25k members on Telegram, all in under 30 days.
The exceptional response has been powered significantly by Bitcoin Dogs’ innovative use of the Bitcoin ordinals protocol, a 2023 update to Bitcoin that enables token minting and NFTs on the Bitcoin blockchain. This places Bitcoin Dogs firmly within a range of Web3 camps since the project offers both its 0DOG token, an NFT collection, and a GameFi experience to those who invest.
0DOG is currently available to purchase at its final stage price of $0.0404 before it becomes available for public trading. The presale will end on Friday 15th March.
0DOG is available to buy on the Bitcoin Dogs website.
Born And Bred On Bitcoin
Ordinals allows collectibles and custom tokens to be written onto satoshis, or “sats” — the smallest denomination of a bitcoin. This has allowed NFTs and “BRC-20” tokens to flourish on the Bitcoin network, and according to Grayscale, Bitcoin is now jostling for the title of dominant NFT chain over Ethereum.
Bitcoin Dogs uses Ordinals in two ways, making it a potential flagship project for the protocol. Firstly, the 0DOG token is issued under the BRC-20 standard, meaning that 0DOG tokens are stored and transferred over the Bitcoin network, much like ERC-20 tokens like SHIB on Ethereum. BRC-20 tokens have been extremely popular since they debuted last year, and two remain in the top 100 cryptocurrencies by market cap.
Second, available only to 0DOG holders, Bitcoin Dogs will mint 10,000 NFTs on the Bitcoin blockchain, using Ordinals to inscribe images on satoshis. Ordinals NFT collections like Bitcoin Frogs and NodeMonkes have become popular in recent months, with the latter hitting $1 million in sales in early March.
Bitcoin Dogs employs the same 8-bit graphic style as these projects while implementing the ever-popular “doge” style imagery on top of this.
The Bitcoin Dogs team is optimistic that the use cases for Ordinals position Bitcoin Dogs to benefit from the general bullish sentiment surrounding the Ordinals protocol. The team is hoping that owners will replicate the success stories of ORDI and other notable NFT collections.
The Presale
As it nears its final 48 hours, 0DOG is currently on sale for $0.0404, the final fixed price before the token becomes available for public trading.
At the end of the presale, any unsold tokens will be burned, permanently removing them from circulation. This means that the total supply, originally 900 million 0DOG, will ultimately be decided by the market.
A burn would reduce the supply, which could in theory drive up the price of 0DOG if demand were to persist. Deflationary pressures like this have been credited with creating long-term value in tokens like Bitcoin and numerous other cryptocurrencies.
The Bitcoin halving, scheduled for April and traditionally associated with increased scarcity, is anticipated by the team to potentially boost Bitcoin prices beyond the $72.968k all-time high. Furthermore, the team expects this surge to ripple out into the wider crypto markets, suggesting that the broader crypto market could stand to benefit from the ensuing hype.
The presale will end on Friday 15th March.
About Bitcoin Dogs
Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time ever, NFTs, gaming, and new token types come together to offer the first ICO on the original Bitcoin blockchain. The truly permissionless immutability of Bitcoin is being harnessed to create the 0DOG token, while a play-to-earn (P2E) gaming experience and NFT collection are being developed exclusively for 0DOG holders.
For more information about Bitcoin Dogs (0DOG) users can visit the website.
Official Website | Whitepaper | Socials
Contact
Bitcoin Dogs Team
Bitcoin Dogs
[email protected]
Tortola, British Virgin Islands, March 12th, 2024, Chainwire
Nibiru Chain, a developer and user-centric Layer 1 platform, has officially launched its public mainnet. Nibiru Chain stands out by offering a secure and efficient environment for building highly-performant decentralized applications. It is distinguished by its robust smart contract ecosystem offering superior throughput and unparalleled security, making it the go-to platform for builders in gaming, real-world assets (RWAs), NFTs, DeFi, and more.
Empowering Users with a Rich Ecosystem
At launch, Nibiru Chain offers a wide range of functionalities to its community and prospective builders. Users can engage in staking with NIBI validators and participate in decentralized governance. Nibiru Chain will also introduce competitive Web3 gaming through Chess3, allowing players to learn the game of chess, compete in tournaments sponsored by communities, streamers, or brands, and earn rewards. Additionally, Nibiru Chain supports the minting and trading of NFTs on Dropspace, secure “.nibi” namespaces through Nibiru ID, and real estate opportunities through Coded Estate.
Nibiru Chain encourages innovation by rewarding developers with a portion of transaction fees from their smart contracts, offering built-in value accrual. In addition to providing developers with tools to build applications, Nibiru Chain introduces its Super Chain, which includes perpetuals, spot, swap, and stablecoin functionalities. These features offer greater opportunities for dApps to expand and integrate with DeFi. The Super Chain initiative aims to deliver a seamless retail trading and investment experience and is designed to serve users across more than 40 blockchains.
Nibiru’s Strategic Vision for 2024
Nibiru Chain’s key initiatives include rolling out its genesis NFT collection and expansion into the APAC region with an initial focus on Korea, China, India, Japan, Vietnam, and Thailand. Central to Nibiru Chain’s mission is the launch of parallel optimistic execution, which enables the simultaneous processing of multiple independent transactions.
Launching Nibiru Chain marks a significant stride toward increasing blockchain scalability by bridging gaps across the blockchain landscape. Nibiru is engineered to dismantle hurdles that have isolated applications and users within their ecosystems and offer an intuitive, straightforward entry point into a more thoroughly connected Web3 for users and developers alike.
Additionally, Nibiru Chain is set to announce details on its upgrade enabling full Ethereum Virtual Machine compatibility, ensuring further interoperability with Ethereum-based dApps. This integration will lower the barrier to entry for Ethereum developers and facilitate a smoother transition to Nibiru Chain’s more efficient and cost-effective Layer 1 solution, making crypto more accessible and user-friendly for the general public.
About Nibiru
Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, and value accrual.
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Submitting a press release to leading crypto sites like CoinDesk can be a great way for blockchain and Web 3.0 projects to get targeted exposure.
Writing a crypto press release is a crucial step for blockchain projects and cryptocurrency companies aiming to gain visibility and credibility in a rapidly evolving industry. Press releases can effectively communicate important updates, product launches, partnerships, or achievements to a broader audience, including potential investors, users, and enthusiasts.
How to Buy and Submit a Press Release (PR) to CoinDesk
Crypto Intelligence can publish press releases in all leading crypto news sites, including Coindesk.
To get in touch with Crypto Intelligence to discuss how you can submit a CoinDesk PR, you can send an email to [email protected], or you can contact the head of sales, David Prior, via Telegram.
Crypto Intelligence can also publish press releases in Cointelegraph and numerous other leading crypto and mainstream news platforms.
How to Write a Crypto Press Release
1. Start with a Catchy Headline: Your headline should be compelling and clear, encapsulating the essence of your announcement. It should be specific enough to grab attention but not so technical that it alienates a broader audience.
2. Craft a Strong Opening Paragraph: The first paragraph is critical; it should answer the “who, what, when, where, and why” of your news. Make sure to communicate the key message upfront, as this might be the only part some readers engage with.
3. Provide Context and Background: After the opening, delve into the details. Offer context about your company or project, the problem you’re solving, and why this news matters. It’s also a good practice to explain how your announcement fits into the larger crypto ecosystem or addresses industry trends.
4. Include Quotes: Quotes from key stakeholders, like the CEO or a project lead, can add a personal touch and authority to your press release. They should provide insight or perspective on the announcement and its impact.
5. Be Clear and Concise: Avoid jargon and overly technical language that might confuse readers unfamiliar with blockchain technology. The goal is to be accessible to a broad audience, including those new to the crypto space.
6. Add a Call to Action (CTA): End your press release with a clear CTA, guiding readers on what to do next. This could be visiting your website, joining a community channel, or participating in a token sale.
7. Include Contact Information: Make sure to provide contact details for media inquiries. This includes a contact name, email address, and phone number, facilitating further discussion or interviews.
Benefits of Publishing a Crypto Press Release
1. Increased Visibility: Publishing a press release can significantly boost your project’s visibility. It gets your message in front of cryptocurrency news outlets, bloggers, and influencers, expanding your reach beyond your existing network.
READ: Crypto Intelligence’s Official Project Ranking
2. Credibility: A well-crafted press release can lend credibility to your project. Being featured on reputable crypto news platforms or mainstream media can validate your project in the eyes of potential investors, partners, and users.
3. Attract Investors: A press release that highlights your project’s unique value proposition, technological innovations, or strategic partnerships can attract the attention of investors looking for promising opportunities in the crypto space.
4. SEO Benefits: Online press releases can improve your project’s search engine optimization (SEO), making it easier for people to discover your project when searching for related keywords. This can drive organic traffic to your website and increase engagement.
5. Community Engagement: Announcing significant milestones or updates through a press release can energize your existing community and attract new members. It shows progress and commitment to your project’s roadmap, fostering trust and loyalty among your audience.
LONDON, 11 March — Investiva, the trailblazing Forex broker and CFD trading platform leader, takes a monumental step towards a greener future with its latest initiative, ClimateGiveBack. This groundbreaking program allows Investiva users to contribute a percentage of their revenue to support the earliest-stage carbon removal companies in Frontier’s portfolio. In just a few clicks, businesses can make a direct impact, helping these companies transition from the lab to the field, fostering innovation and real-world change.
A Catalyst for Carbon Removal Innovation
Investiva Paves the Way: As part of its commitment to environmental sustainability, Investiva introduces ClimateGiveBack, a user-friendly platform feature that empowers businesses to play a crucial role in advancing carbon removal technologies. By supporting Frontier’s portfolio companies, users catalyze innovation, drive real-world solutions, and contribute to a sustainable future.
Easy and Impactful: ClimateGiveBack simplifies the process, allowing businesses to allocate a percentage of their revenue effortlessly. This initiative is tailored for those who prioritize catalyzing the field of carbon removal and do not require a specific tonnage purchase to meet climate targets.
Key Features of ClimateGiveBack
1. Seamless Integration: Investiva’s ClimateGiveBack seamlessly integrates with the trading platform, ensuring a hassle-free experience for users. In just a few clicks, businesses can make a significant impact without disrupting their operations.
2. Direct Support for Innovators: By directing a percentage of revenue to Forest Carbon’s project in the Carbon Club, users actively support the earliest-stage innovators in the carbon removal sector. This direct support accelerates the development and deployment of groundbreaking technologies.
3. Fostering Real-World Change: ClimateGiveBack goes beyond traditional sustainability efforts. It’s a tangible way for businesses to contribute to real-world change by supporting companies at the forefront of carbon removal advancements.
Investiva’s Ongoing Environmental Initiatives
Beyond our trading platform, we actively engage in carbon removal projects with Forest Carbon. Collaborating on initiatives like tree planting and peatland restoration, we also support Carbon Club UK’s Nature project. This spans multiple locations in the United Kingdom, fostering nature protection, creation, and restoration. These efforts empower businesses to make transparent and conscientious corporate social responsibility investments.
Profit with Purpose: At Investiva, we seamlessly blend profit with purpose. Excelling in Forex trading and CFDs, our commitment goes beyond financial success. We actively contribute to building a sustainable future through holistic practices where economic prosperity aligns with environmental responsibility.
Join Investiva in Shaping a Greener Tomorrow
Investiva extends an invitation to businesses and individuals to join the ClimateGiveBack initiative. By integrating carbon removal support into their trading activities, users contribute to environmental progress while benefiting from Investiva’s cutting-edge CFD trading platform.
In conclusion, Investiva stands as a beacon of financial innovation and ecological responsibility. Our platform transcends the role of a mere trading venue; it’s a transformative space where users, from novices to seasoned professionals, encounter a dynamic blend of automated tools, robust risk management, and personalized guidance.
Our excellence and user-centric approach are evident through accolades like Best Crypto Trading Platform and Best Finance App at the Finance Feeds Awards 2023, along with the Red Dot Design Award in 2022.
CEO Thomas Duarte humorously encapsulates our environmental commitment, advising, “Count your carbon before they tax.” This signature phrase mirrors Investiva’s dedication to carbon neutrality. As part of our eco-friendly protocols, every employee appends to their email signature: “Be like me, be Carbon free – don’t print this and save a tree.” This simple act underscores our commitment to a sustainable future.
As we stride into the future, Investiva remains at the forefront, offering a secure, feature-rich platform. Join us, experience the Investiva difference, and elevate your crypto trading with us, Open your account https://trade.investiva.com/sign-up
Press Contact:
Media Contact:
Juliet Emerson – Head of Compliance
Website https://investiva.com/.
Email:[email protected]
Telephone: +44 20 7946 0656
Lines open 09:00 – 16:00 / Monday-Friday
Address: 4-12 Regent St., St. James’s, London SW1Y 4PE
Social media:
https://www.linkedin.com/company/investiva-uk/
Investiva (@Investiva_UK) / X (twitter.com)
https://www.facebook.com/InvestivaOfficial
https://www.youtube.com/@Investiva Disclaimer: This press release is for informational purposes only and does not constitute investment advice or an offer to invest.
The BNB cryptocurrency witnessed a remarkable surge, increasing by 62% within 30 days, reaching a two-year peak at $489.50 on March 8.
This significant rise not only highlights BNB’s growth amid broader market gains but also cements its position as the third-largest cryptocurrency by market capitalization, stablecoins excluded.
This surge sparked discussions among traders, with many speculating that surpassing the $500 mark is just a matter of time.
However, questions about the sustainability of this rally remain.
Investor sentiment towards BNB was not always optimistic, especially after Binance’s founder, Changpeng “CZ” Zhao, agreed to a plea deal with the U.S. federal court in November 2023 over allegations involving the transfer of illicit funds through the exchange.
CZ’s decision to step down as CEO raised concerns about BNB’s future, given its close ties with the Binance ecosystem.
Despite these challenges, the settlement between Binance and the U.S. Commodity Futures Trading Commission (CFTC) in December 2023, which called for enhanced corporate governance at Binance, has mitigated some of the uncertainties surrounding BNB.
READ MORE: Arbitrum DAO Votes on $1.3 Million Funding to Defend Tornado Cash Developers Amid Legal Battle
This development, coupled with CZ’s ongoing trial, leaves the crypto community watching closely.
The recent increase in cryptocurrency trading volumes has brought issues to light for several major exchanges, with Coinbase experiencing multiple outages.
These incidents have drawn criticism, notably from crypto investor @Rampage_Calls and Vijay Boyapati, who compared Coinbase’s liquidity issues to the downfall of MtGox. Boyapati’s call to action for Coinbase to address these problems underlines the importance of reliable exchange infrastructure—a factor contributing to Binance’s trading volume leadership.
Binance’s robust trading system has undoubtedly played a role in attracting users, further boosted by incentives like reduced trading fees.
Yet, the value of BNB extends beyond these aspects, with the BNB Chain’s ecosystem being a crucial element for consideration.
Despite a 7% decrease in smart contract deposits on the BNB Chain, the network’s DApp volume increased by 41% in the last month, demonstrating significant engagement and activity.
With 5.6 million active addresses interacting with its DApps, the BNB Chain exhibits strong user involvement.
This vibrant ecosystem, along with the ongoing analysis of BNB Chain’s utility and its impact on Binance post-CZ’s trial, presents a bullish outlook for BNB, hinting at the possibility of reaching and possibly exceeding the $500 threshold.
To submit a crypto press release (PR), send an email to [email protected].
In 2023, the United States experienced a significant rise in cryptocurrency-related investment fraud, with the Federal Bureau of Investigation (FBI) highlighting it as the major source of investment fraud losses.
According to the FBI, the nation saw a staggering 53% increase in crypto investment fraud, with losses surging from $2.57 billion in 2022 to approximately $3.94 billion in 2023.
This figure constituted about 86% of the total $4.57 billion lost to investment fraud across the board.
The FBI report draws attention to the growing trend of victims being lured into cryptocurrency scams, promising them high returns on their investments.
“These scams are designed to entice those targeted with the promise of lucrative returns on their investments,” the FBI noted.
Among these, romance scams have emerged as a prevalent method, wherein criminals create fake online personas to build relationships and trust with their victims.
They then concoct compelling stories to convince the victim to transfer cryptocurrency, only to vanish subsequently.
The analysis firm Chainalysis, in December 2023, identified romance scams as the cause for at least $374 million in suspected stolen cryptocurrency during the year.
Additionally, Cointelegraph reported on January 1 that phishing scams had ensnared over 324,000 cryptocurrency users, leading to approximately $295 million in digital assets being lost to wallet drainers in 2023 alone.
The issue of cryptocurrency scam victims is not confined to the United States; it is a global concern.
The Australian Competition and Consumer Commission reported in April 2023 that Australians had lost AU$221.3 million ($146.9 million) to investment scams involving cryptocurrency in 2022.
This marked a 162.4% increase from the previous year, indicating the expanding reach and impact of these scams worldwide.
The significant rise in crypto-related fraud underscores the urgent need for increased awareness and more robust protective measures for investors globally.
To submit a crypto press release (PR), send an email to [email protected].
The Arbitrum DAO is currently holding a vote on a proposal to allocate significant funds for the legal defense of Tornado Cash developers, Roman Storm and Alexey Pertsev.
This move, initiated by a delegate known as DK on March 7, could see the community donating up to 600,000 ARB tokens, valued around $1.3 million, in its first year to support what is described as a “robust legal defense.”
This fund also aims to cover public relations and advocacy to enhance understanding and support for privacy technologies, as well as the legal challenges developers face in the sector.
The delegate stated, “By rallying support for their legal fund, we aim to safeguard not only the future of privacy-preserving technologies but also the broader principles of innovation, decentralization, and individual sovereignty within our industry.”
The DAO has introduced a three-tiered voting system for this proposal, with funding options ranging from 200,000 to 600,000 ARB tokens.
At this point, over 80% of votes favor the highest funding tier, with voting scheduled to close on March 14.
READ MORE: Tencent Cloud Partners with UAE’s RAK DAO to Boost Startup Growth in Crypto-Focused Economic Zone
Tornado Cash has been embroiled in controversy, accused of facilitating the laundering of over $1 billion in illicit funds, including those linked to North Korean hackers, leading to significant legal and operational challenges, including being placed on U.S. sanctions lists.
This has spurred a debate within the crypto community about the nature of decentralization and the role of developers in potentially facilitating illegal activities.
Advocates for Tornado Cash, however, argue that the platform simply provides decentralized financial services and should not be classified as a money transmitter, drawing on FinCEN guidelines that suggest anonymizing software providers are not money transmitters.
Nonetheless, Storm and Pertsev face severe legal charges in the U.S., including conspiracy to commit money laundering and sanctions violations, with potential prison sentences of up to 20 years for some charges.
This legal support initiative follows the cancellation of a GoFundMe campaign intended to raise legal funds for the developers, which was halted due to terms of service violations, highlighting the complexities and controversies surrounding the use of privacy-preserving technologies within the blockchain and cryptocurrency domains.
Lava, a novel decentralized lending market platform, made its debut on March 7, introducing a solution aimed at revolutionizing the decentralized finance (DeFi) landscape.
The platform promises to address the challenge of impermanent loss, a significant obstacle for liquidity providers on decentralized exchanges.
By leveraging its infrastructure, Lava intends to enhance automated market makers (AMMs) liquidity positions, thereby mitigating impermanent loss and boosting liquidity efficiency across diverse blockchain networks.
The issue of impermanent loss has been a persistent concern within the DeFi sector, deterring institutional investors and hindering market efficiency.
John Lo, managing partner of digital assets at Recharge Capital, underscored the significance of this problem, stating, “This is not only a major pain point for users, but also an issue that has caused a regression toward traditional architecture and one that prevents efficient markets on-chain.”
Impermanent loss occurs when the value of a token fluctuates after being deposited into an AMM as part of yield farming, a process different from staking, aimed at earning rewards through token lending.
Lava’s innovative approach is set to open up new possibilities for DeFi by promoting a more democratic form of market making that competes with centralized counterparts.
According to Lo, “Alternative market makers already provide various benefits over traditional architecture, and Lava completes, if not unifies these benefits.”
READ MORE: Laser Digital Unveils Milestone DeFi Partnership with Pyth Network
The platform’s backing by Recharge Capital signifies a strong endorsement, positioning Lava to enhance liquidity depth in the crypto market and encourage broader participation from liquidity providers.
A distinctive feature of Lava is its focus on combating impermanent loss through a unique mechanism that allows for arbitrage between market maker rates via the collateralization and lending of liquidity positions.
This enables users to navigate between DeFi and centralized finance protocols effortlessly, optimizing yield for passive liquidity providers and contributing to a more efficient market rate determination.
Lava operates on a multichain basis, with initial availability on the Arbitrum and Base blockchains, signaling its commitment to expanding its reach across additional blockchain networks in the future.
This strategic approach underscores Lava’s ambition to pioneer solutions for impermanent loss and foster a more inclusive and efficient DeFi ecosystem.
The Greek stock exchange is exploring the integration of a pioneering tool, the electronic book building (EBB), into the Sui blockchain ecosystem.
This announcement was made public through a blog post by Sui on March 6, revealing a collaborative effort between the Athens Exchange Group (ATHEX) and Mysten Labs, the creators behind Sui.
The proposed EBB by ATHEX represents a significant advancement in fundraising methods, facilitating the listing of transferable securities for both emerging and established companies.
These securities would be hosted on Sui, transformed into digital certificates, thus ensuring robust security, transferability, and a clear custody chain.
The initiative is hailed as a breakthrough, marrying blockchain technology with stock market operations, a union that is deemed a “natural fit” by the developers.
According to the blog, the EBB system will act as a blockchain-based enhancement layer atop ATHEX’s existing trading order routing framework.
This integration aims to inject liquidity into company fundraising efforts by leveraging blockchain’s capabilities.
However, the project’s progression is contingent on successful evaluations and ATHEX’s final decision to adopt blockchain for its new tool.
READ MORE: Binance.US Faces SEC Probe Over Customer Asset Custody, Amid Legal and Regulatory Challenges
The Sui Network, a layer-1 blockchain platform, launched its mainnet in May 2023, focusing on digital asset ownership.
Since its inception, Sui has established itself as a robust ecosystem capable of managing high-volume transactions with minimal fees, evident from the adoption of a novel zkLogin feature.
This innovation simplifies Web3 logins across Sui applications, supporting Google, Facebook, and Twitch credentials for user access.
In a move to bolster blockchain education, the Sui Foundation partnered with the American University of Sharjah in the United Arab Emirates to establish a Blockchain Academy in February 2024.
This initiative aims to heighten student engagement with blockchain technology, enhancing their ability to develop relevant applications and platforms.
Greg Siourounis, the managing director of the Sui Foundation, emphasized the importance of educating the masses on blockchain’s potential and equipping them with necessary tools in an interview with Cointelegraph.
Travala.com, a cryptocurrency-friendly travel agency, is launching a unique Bitcoin cashback program aimed at rewarding its most loyal customers.
This initiative is designed to capitalize on Bitcoin’s (BTC) scarcity, offering an innovative reward for the platform’s Smart Diamond tier members.
This tier is part of the loyalty program operated by the AVA Foundation’s blockchain platform, with the program details shared in an exclusive announcement to Cointelegraph.
Juan Otero, the CEO of Travala.com, emphasized Bitcoin’s enduring presence and its increasing appeal to a broader audience, especially following the approval of the first spot Bitcoin exchange-traded fund.
He stated, “Bitcoin is here to stay, and it’s now becoming more appealing to mainstream audiences, thanks to the recent approval of the first spot Bitcoin exchange-traded fund.”
According to Otero, the Bitcoin cashback rewards not only enhance the attractiveness of using cryptocurrencies for everyday transactions but also ensure that rewards are credited swiftly, within 24 hours after completing a trip.
Travala.com users, especially those eligible for the rewards, enjoy complete freedom in how they utilize their Bitcoin cashback.
READ MORE: Laser Digital Unveils Milestone DeFi Partnership with Pyth Network
This includes paying for various travel services on the platform or transferring their BTC to external wallets, exchanges, or platforms.
Notably, Bitcoin ranks as one of the top three payment methods on Travala.com, with around 9% of the platform’s travel bookings paid in BTC, totaling over $5 million in transactions for flights, hotels, and activities in 2023 alone.
However, the program is exclusive, requiring users to own a Travel Tiger NFT and stake 2,500 AVA tokens for Smart Diamond membership.
With only 1,000 Travel Tiger NFTs available, minted on the Ethereum blockchain and priced at a floor of 2.6 Ether (approximately $9,800), the program offers a limited opportunity for travelers to earn rewards.
Travala advocates for the potential of cryptocurrency-based cashback programs to disrupt traditional Web2-based models.
By leveraging Bitcoin, the platform aims to reduce fees associated with conventional payment methods and mitigate the risk of chargeback fraud.
Otero also sees the Bitcoin rewards initiative as a gateway for introducing newcomers to the Web3 ecosystem, highlighting the AVA Foundation’s role in providing cashback and loyalty rewards, payment discounts, and exclusive access through its native AVA token.