Worldcoin (WLD), the cryptocurrency associated with Sam Altman’s innovative retina-scanning project, experienced significant fluctuations in its value in recent days, coinciding with Altman’s departure from OpenAI and subsequent rumors of his potential return before ultimately being replaced.
On November 16, WLD reached a high of $2.48, but its value began to decline shortly thereafter.
The decline intensified after Altman’s departure from OpenAI became public on November 17 in the United States, causing WLD to plummet to a low of nearly $1.84, according to data from CoinGecko.
However, the token managed to stage a recovery, surging by 12% within the following 24 hours, reaching an intraday high of $2.54 during Asian trading on Monday morning.
Nevertheless, WLD once again faced a drop in its value, falling to $2.30 after Altman was officially replaced as CEO by Emmett Shear, co-founder of Twitch.
It’s worth noting that Altman was one of the co-founders of Worldcoin, which was launched in July as a digital identity platform with grand ambitions of creating a global ID and financial system.
READ MORE:The Best Ways to Earn Passive Income with Cryptocurrency in 2023
This system would rely on retina scanning technology to authenticate individuals, addressing concerns related to privacy and security amidst the growing influence of artificial intelligence (AI) technology.
The launch of Worldcoin sparked a polarized response within the cryptocurrency community, with many questioning the project’s degree of centralization and its implications for user privacy.
Interestingly, over the past 24 hours, AI-related cryptocurrencies have exhibited strong performance.
The market capitalization of AI-related tokens recorded a notable 7.2% increase, reaching $6.5 billion.
Tokens like Fetch.ai (FET), SingularityNET (AGIX), and Akash Network (AKT) have witnessed double-digit gains during this period, as reported by CoinGecko.
In summary, Worldcoin’s recent volatility was closely tied to the developments surrounding Sam Altman, its co-founder, and his departure from OpenAI.
The cryptocurrency continues to be a subject of scrutiny and debate within the crypto community, while AI-related tokens as a whole are demonstrating resilience and growth in the market.
The rapid evolution of online betting platforms has given us one overarching theme that remains consistent: the user is king. As the competition in the online betting industry intensifies, platforms are prioritising the development of user convenience as a means to attract and retain bettors. Central to this strategy is a group of features and innovations aimed at making the betting experience as seamless and engaging as possible. This article outlines and explains those key areas that bring us those friendly experiences that keep us coming back.
User-Friendly Interfaces: Catering to Novices & Veterans
In a world dominated by digital interactions, a website’s interface can either make or break a user’s experience. Online betting platforms have recognised this pivotal aspect and invested significantly in creating interfaces that are:
- Intuitive: Simplified layouts with clear call-to-action buttons make for an easy navigation experience, even for those new to the world of betting.
- Customisable: Many platforms offer personalised dashboards, allowing users to tailor their experiences based on preferences.
- Informative: An emphasis on clear, easy-to-understand information, be it regarding odds, game statistics, or betting rules, ensures users make informed decisions.
These design ideas not only elevate the user experience but also inspire confidence in bettors, making them more likely to deposit and place wagers regularly.
Mobile Optimisation: Betting on the Go
The rise of smartphones and tablets has changed the way we consume digital content. Betting platforms have not remained untouched by this revolution. A mobile-optimised design ensures:
- Accessibility: Bettors can place wagers, check scores, or withdraw earnings anytime, anywhere.
- Responsive Design: The platform adjusts according to the screen size, ensuring consistency in user experience across devices.
- Dedicated Apps: Some platforms have launched dedicated mobile apps, further enhancing functionality and speed.
By embracing mobile optimisation, betting platforms cater to a growing demographic of users who prioritise flexibility and convenience.
Quick Transactions: The Backbone of Betting
A seamless transaction process, encompassing all payment methods offered by bookmakers, is the bedrock of a gratifying betting experience. Recognising this, bookmaker platforms have streamlined both the deposit and withdrawal processes:
- Diverse Payment Options: From traditional bank transfers to e-wallets and cryptocurrencies, users can choose their preferred transaction method.
- Instant Deposits: Time is often of the essence in betting. Instant deposit features ensure that bettors can wager without delays.
- Transparent Withdrawal Processes: Clarity in withdrawal timelines and processes, combined with prompt customer support, fosters trust among users.
Live Betting: Immersion at Its Finest
One of the most exciting innovations on currently available betting sites is live, or in-play, betting. Offering real-time engagement, live betting allows users to place wagers as the action unfolds. This dynamic feature has been a big hit due to three key areas:
- Enhances Engagement: The immediacy of live betting amplifies the fun, making users feel a part of the action.
- Offers Varied Odds: As the game progresses, odds change, presenting many betting opportunities throughout the match.
- Provides Real-time Statistics: Live updates and statistics aid users in making informed betting decisions on the fly.
Prioritising Convenience for an Unparalleled Experience
The strides made by betting platforms in recent years highlight a deep-seated commitment to user convenience. By continually refining their interfaces, embracing the mobile revolution, streamlining transactions, and offering immersive features like live betting, these platforms endeavour to offer a holistic and gratifying betting experience. As the landscape of online betting evolves, we can only anticipate further innovations, each designed to enhance user convenience and engagement.
Coinbase, a prominent cryptocurrency exchange, made two attempts to acquire FTX Europe, with the intention of expanding its derivatives business internationally.
However, it has now been revealed that Coinbase has decided against pursuing this acquisition, as reported by Cointelegraph.
These acquisition endeavors occurred in November 2022, shortly after FTX’s parent company experienced a significant setback, and again in September 2023.
A spokesperson from Coinbase confirmed the reports, stating, “We’re always evaluating opportunities to strategically expand our business and meet with many teams around the world.”
Besides Coinbase, other entities expressing interest in acquiring FTX Europe include Crypto.com and Trek Labs.
The sale deadline for FTX Europe has been extended until September 24. FTX had previously invested nearly $400 million in its European branch.
FTX Europe conducted its derivatives trading activities under a regulatory license from Cyprus. At the time of its parent company’s downfall, it was the sole provider of several popular derivatives products, including perpetual futures.
Derivatives are financial instruments whose value is derived from an underlying asset, such as Bitcoin (BTC).
READ MORE: Creators Embrace Decentralized Platforms as Web3 Reshapes Adult Content Industry
They encompass various types, including options, futures, and swaps, and are commonly used by investors for hedging, leverage, and market speculation, making them a favored strategy among traders and institutional investors.
The potential acquisition of FTX Europe could have significantly boosted Coinbase’s fee revenue, given the growing popularity of crypto derivatives trading, even during bear markets.
Coinbase’s latest quarterly earnings report revealed $707 million in revenue for the second quarter of 2023, with $327 million attributed to spot trading—a 13% decline from the previous quarter.
Simultaneously, global derivatives trading volumes on centralized exchanges experienced a 13.7% surge in June, reaching $2.13 trillion, as per CCData.
Binance emerged as the leading platform for cryptocurrency derivatives trading, with a trading volume exceeding $1.21 trillion in June, followed by OKX exchange at $416 billion, marking a 44.9% increase in activity.
Bitcoin futures trading also spiked on the CME exchange, reaching $37.9 billion, a 28.6% increase in the same month.
Notably, Coinbase has also ventured into the derivatives markets in the United States. In August, it received regulatory approval to offer crypto futures investments to eligible customers in the country.
This approval enabled Coinbase to introduce Bitcoin and Ether (ETH) futures contracts through its Commodity Futures Trading Commission-regulated derivatives exchange, FairX.
The global crypto derivatives market, according to Coinbase, represents nearly 75% of crypto trading volume worldwide and serves as a critical access point for traders.
Other Stories:
ASIC Launches Legal Action Against Kraken’s Australian Operator Bit Trade
South Korea’s Cryptocurrency Holdings Surpass $98 Million, Dominating Overseas Assets
Bitcoin Holds Steady at $27,000 as Crypto Community Awaits Fed’s Decision
Does the online casino have a gender? Many people think it’s a male-dominated field, but facts say the opposite. This article will show that the female audience is rapidly increasing and determine the kind of quality casino entertainment each gender prefers.
How Many Women Play in Casinos?
The history of the casino goes back to the 18th century. During these times, gambling houses were visited mainly by men. But with the advent of new technologies and going online, the situation in the world has changed.
Gambling statistics (in 2019) report that the total number of women relative to all online casino users exceeds 17.6% in Canada and 45.8% in Australia! It means that almost each fifth Canadian and each second Australian casino player is female. According to the British Gambling Commission surveys (in 2021), 41.6% percent of United Kingdom women were gambling last month. For men, this percentage is just over 43%. At the same time, the average age of women in the casino is 29 years, and for men – 33 years. It vividly demonstrates the real picture of casino gender and refutes that gambling is male-dominated.
Psychology of Online Gambling
After online casinos appeared, this kind of entertainment became much more accessible to females. Like men, they see gambling as a vibrant alternative Universe for a unique experience. According to the YouGov UK research about the reasons to play (in 2021), more than 40% of women and men agreed that this is a common fun activity. Over 27% of women chose that they like to fantasize about winning. Over 20% of men selected it as getting the experience of what they bet on. Besides, five times more men than women identified the casino as a reliable way to show skills and earn money.
Another difference is that women are less dependent on casinos. The British Gambling Commission study found that men are about seven times more likely to have addiction problems. They see the casino as a source of income or competition because of keeping going for the reward when losing a streak. Besides, men’s large bets with aggressive strategies also express it. Women, in turn, play for a long time, bet little, and enjoy the process differently.
What games do men and women prefer?
The main question remains how the preferences of players of different sexes differ. Men love table games such as BlackJack or Poker because they prefer competitive activities and often play according to the chosen strategy. Women choose games of luck such as Lottery or Bingo. In addition, they are attracted by colorful Slots with fruits or any other theme. They rarely act according to a specific plan, so these games are perfect for them.
Some activities appeal to both women and men. For example, Roulette is a game with a moment of randomness but a certain probability of a ball falling out. This combination of sheer luck and clear strategy has proven to be universal in terms of gender casinos.
Crypto Casino and Genders
The above facts argue that men have ceased filling the casino space. But one more variable should be added to this equation – cryptocurrency. Since modern online casinos allow you to place bets in many currencies, the gender distribution, in this case, changes significantly.
The spoiler is that this situation will not change. It is difficult to deny the clear predominance of the number of male crypto enthusiasts. The percentage of women with an account on platforms like BetFury is very low. Although, according to statistics, more than 40% of those interested in buying Bitcoin were women. Therefore, more women will soon play in the casino and bet on cryptocurrencies.
So, we can conclude that women are interested in investing and the cryptocurrency market no less than men. By the way, apart from the 8,000 Slots and Original games with one of the highest RTPs on the market, you can also participate in Staking on BetFury. BetFury has an internal token – BFG. It’s listed on many crypto exchanges: PancakeSwap, Biswap, etc. The token has over 55,000 holders, and more than 3B BFG are in circulation. To start investing, you only need a minimum of 100 BFG.
Communication Ways on Social Media
Social media is one of the most important means of attracting an audience to the casino environment. Among them are Twitter, Telegram, TikTok, YouTube, and others. So, Twitter has 43.6% of women, Telegram has 41.4%, and TikTok has 57%. Let’s now define the relationship between general statistics and gambling.
The BetFury platform has collected data on gender from social media. The study showed that the clear leaders in the female audiences are TikTok (28%) and Twitter (32.09%). Therefore, most women often go to the casino from these social networks.
Analyzing this data makes it possible to identify the content attracting females the most. These are fascinating videos, funny memes, short info posts, and interactive, that is, a news feed with short facts and a visual component.
To sum up, the potential of attracting a female target audience to the casino is great since it’s a high-quality type of entertainment. Women are increasingly interested in cryptocurrency, looking for ways to make money and have a good time. Therefore, the online gambling audience will become more diverse soon, and no one will say that the casino is a male-dominated area.
Several analysts have predicted that the price of Flasko (FLSK) will rally in the coming 18-24 months, but is this token a good investment for retail crypto traders. Read on to find out more about Flasko, including our price prediction and an overview of the platform.
What is Flasko?
In an innovative approach to wine and spirits investment, a new platform, Flasko, was launched in 2022 to offer users the chance to invest in high-end alcoholic beverages using non-fungible tokens (NFTs). The goal is to enable potential investors to purchase NFTs, each representing a certain amount of a bottle or case of alcoholic beverages, that can either be held onto or sold at a profit.
The unique aspect of Flasko’s approach lies in the fractionalization of the NFTs, allowing investors to purchase a part-NFT. This concept is similar to buying a fraction of an ether (ETH) token on a cryptocurrency exchange. Despite the fractionalization, part-NFT holders maintain their investments on the specific part of the tokenized item.
The system’s whitepaper describes the daily monitoring and analysis of the market by their experts to identify the products with the most potential for long-term growth. Flasko offers a range of wines, whiskeys, and champagnes, which are stored in insured and licensed-bonded warehouses.
One of the key features of Flasko’s system is the ability for users to purchase either a fraction or the entirety of an NFT, and have the represented alcoholic beverage delivered to their specified address free of charge. The NFTs represent individual investments or even a basket of various alcoholic beverages. These NFTs and their fractions are tradable via the Flasko platform, allowing users to buy and sell their investments.
Flasko price prediction and ROI
Flasko’s website claims that wine, whiskey, and champagne investments have delivered a 28% return on investment (ROI) in recent years. However, potential investors should conduct their own research to verify these claims and understand the implications for their prospective investments.
It’s important to understand that past performance does not guarantee future results. The value of these drinks could possibly stagnate or decline in the coming years. Therefore, investors are urged to exercise caution and carry out thorough research before committing their funds to such investments.
Every blockchain and blockchain-based network requires its own native cryptocurrency, and Flasko is no different. It features the Flasko token (FLSK), which serves to keep the system operational.
Owners of the Flasko cryptocurrency can use it to purchase the system-created NFTs and stake their Flasko tokens for rewards. Additionally, those holding a certain amount of Flasko, the specifics of which have yet to be announced, will gain access to in-person events.
However, there is ambiguity regarding the blockchain on which the Flasko cryptocurrency is based, making it unclear whether we are referring to the Flasko token or the Flasko coin. While every coin is a token, not all tokens are coins. At the time of writing, we have sought clarification from Flasko but received no immediate response.
The Flasko token is not yet available on the open market but is currently in the presale stage. During the presale, 35% of the total supply of one billion tokens will be up for sale. Other allocations include 12.5% for exchange listings, 17.5% for marketing, and 14% for the development team. Protocol community investments will receive 15%, while 5% goes to platform partnerships, and 0.5% will be directed towards charitable causes. The presale end date remains unspecified.
After the presale concludes and Flasko (FLSK) enters the open market, transactions will incur a tax. Purchases will carry a 7% tax, distributed between marketing (4%), liquidity pool (2%), and token burn (1%). Sales, on the other hand, will have a 14% tax, with distribution to marketing (9%), the liquidity pool (3%), and token burn (2%) intended to maintain a reasonably high price.
In summary
Flasko presents an innovative and unique opportunity to invest in high-end alcoholic beverages via fractional NFTs. Despite the promising prospects, potential investors should conduct their own due diligence and remain cognizant of potential risks. The evolution of Flasko’s business model and tokenomics will certainly be interesting to follow in the coming months.
Inclave Casino stands as a shining beacon of modern gambling entertainment, nestled within the hustle and bustle of the contemporary urban scene. As a symbol of a vibrant gaming culture, this establishment strikes a perfect balance between the classic essence of casino gaming and the innovation of digital age technology.
Stepping into Inclave Casino, one is greeted by an atmosphere that perfectly combines luxury and excitement. The beautifully decorated interior captures the spirit of elegance, with opulent chandeliers illuminating the space, intricate gold detailing along the walls, and plush, comfortable seating. Yet, amid this lavish setting, the thrill of the gamble pulses through the air, creating an exhilarating environment that invites visitors to engage in their favorite games.
The casino’s gaming floor is an awe-inspiring sight, presenting a grand assortment of traditional and modern games. Row upon row of slot machines fill the air with their playful, chiming melodies. Each machine offers a unique theme, from classic fruit designs to more adventurous concepts, ensuring that there’s something for everyone.
Table games are plentiful at Inclave, with numerous variations of poker, blackjack, baccarat, and roulette available. High-quality felt tables, impeccably maintained, and attended by professional dealers lend credibility and sophistication to the gaming experience. Whether a novice or a seasoned pro, the games are accessible to all, fostering an inclusive gaming community.
Poker at Inclave Casino
The Inclave Casino also boasts a world-class poker room, offering high-stakes games for the more serious players. These rooms have become a popular hub for both local and international poker enthusiasts, hosting a multitude of tournaments throughout the year.
What sets Inclave Casino apart is its innovative incorporation of technology. Reflecting the digital era, the casino has integrated modern tech solutions to enhance the gaming experience. Biometric identity verification ensures secure transactions, while digital game variants offer an alternative for tech-savvy players. Inclave has even introduced a digital currency system, allowing players to easily manage their gaming funds electronically. This symbiosis of tradition and innovation sets the benchmark for the future of the gambling industry.
Inclave Casino also offers an impressive array of dining options. Visitors can savor a wide range of cuisines at the establishment’s premium restaurants, from gourmet meals to comfort food. The casino’s cocktail bars offer an assortment of expertly crafted drinks, perfect for unwinding after a thrilling session on the gaming floor.
Entertainment
In terms of entertainment, Inclave Casino pulls out all the stops. Regular live music performances, comedy shows, and other events offer a rounded entertainment experience, providing visitors with more than just gaming. The casino’s dedication to providing diverse entertainment options helps to create an environment that caters to a broad audience.
Moreover, the casino prides itself on responsible gaming, promoting a healthy balance between gambling for entertainment and maintaining financial control. Inclave Casino has made it its mission to provide a safe and responsible environment for all players, with staff trained to identify and help manage problem gambling behavior. This commitment to responsible gaming reflects the casino’s values and adds another layer of trustworthiness to its brand.
In terms of customer service, Inclave Casino leads by example. With a highly trained staff always ready to assist, the casino ensures that all visitors receive a first-class experience. Be it a question about the games, help with reservations, or simply a need for recommendations, the staff handles all queries with the utmost professionalism.
Inclave Casino is more than a gambling establishment; it’s an institution that upholds the heritage of traditional gaming while forging a path for future innovations. It brings together diverse groups of people, all united by their love for gaming, in an environment that is luxurious, inclusive, and progressive.
Does Inclave Casino accept crypto?
Inclave Casino does not currently accept wagers in cryptocurrencies. If you’d like to gamble in crypto, you should use an online crypto casino, such as Wolf Bet.
Summary
In summary, Inclave Casino isn’t just about winning or losing; it’s about the experience of the game, the thrill of the gamble, and the joy of shared entertainment. It’s a shining example of how the classic and the modern can coexist, creating a rich and vibrant tapestry that satisfies all senses. It’s not just a casino; it’s a destination – a place where people come for the games but stay for the atmosphere, the service, and the total experience.
Bitcoin prices were unaffected by announcements from a Federal Reserve body, remaining roughly around $23,000 following the news, reports revealed.
The Federal Reserve’s Federal Open Market Committee (FOMC) announced on Wednesday it had increased federal fund rates 25 basis points to roughly 4.5 percent to 4.75 percent.
In its statement, the FOMC said that the US received “modest growth in spending and production,” along with low unemployment and high job gains.
It also cited the ongoing Russo-Ukrainian war, which caused “tremendous human and economic hardship” and “elevated global uncertainty.”
From Inflation to Elation
The Committee also aims to return inflation to 2 percent in the long term by raising federal fund rates, with additional increases in the future.
It explained, stating,
“In determining the extent of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.
According to analysts, the Federal Reserve could increase basis point rates in 25 point increments once or twice before ceasing measures.
Despite this, Bitcoin remained high amid the news, with Twitter users commenting on the matter. One person stated that crypto had made a “new high” after the meeting.
The user added: “Bitcoin, though, has been stronger than we expected, as it didn’t go down to 22200. After consolidating for a while, it looks ready to go higher.”
The news comes as Bitcoin maintains an upswing in value after recouping from a bearish 2022 market. In January, the cryptocurrency surpassed $23,000 multiple times, indicating a slow return to bullish markets.
Los Angeles, California, 22nd November, 2022, Chainwire
Salil Shah joins DeSo after holding exec roles at Meta and Pinterest, most recently leading global go-to-market for Meta Fintech
Key Takeaways
- Salil Shah, former Meta, and Pinterest executive, has joined DeSo, a blockchain platform that has raised $200 million from Sequoia, Andreessen Horowitz, CAA, and Coinbase.
- The announcement comes as DeSo has experienced two consecutive months of over 120% Month over Month growth, particularly as consumers seek open, decentralized alternatives with the turmoil at Twitter
- Shah’s motivation for joining stems from his belief that DeSo has the potential to transform the creator economy.
DeSo is the first layer-1 blockchain capable of supporting content-rich social applications, and has raised over $200 million in funding from Sequoia, Andreesen Horowitz, Coinbase, CAA, and others. DeSo is well positioned to power next-generation web3 apps that give more ownership, transparency, and control to both creators and their fans.
After years spent building the category-defining technology underlying the platform, DeSo has now hired Salil Shah to scale the business. Shah has deep experience in business development, go-to-market, and partner ecosystems, most recently leading global go-to-market for Meta’s Fintech group.
With Shah’s expertise, DeSo is primed to accelerate its mission to re-imagine the creator economy, and expand the scope of web3 from purely financial applications to creator-focused social applications.
“Empowering and supporting creators is a mission I’m deeply passionate about,” Shah says. Shah adds that DeSo has built “the first blockchain platform that allows social content to be stored directly on-chain, giving creators more ownership, the ability to engage with fans across platforms, and the opportunity to build direct financial relationships with fans.”
“I’m excited to join this incredible team and partner with Nader to build the business as the industry moves towards the next phase of the creator internet, powered by web3,” he continues.
Shah will complement DeSo founder Nader Al-Naji’s deep technical expertise with his extensive business experience as a tech executive and strategy leader.
Leading an Emerging Category
Shah joins as the emerging category of “decentralized social” is showing signs of early growth, with DeSo recently experiencing 120% month-over-month growth (following 160% growth the previous month).
“This growth is being driven by DeSo’s ecosystem of hundreds of third-party apps, which are now starting to find retention,” says Al-Naji. For example, Diamond and Desofy have earned creators over $20 million in their early days off of novel monetization primitives like social tipping, social NFTs, and social tokens.
Several promising apps have recently launched on the DeSo platform, including Pearl, a web3 Instagram, NFTz, a decentralized NFT marketplace, and DAODAO, a social Kickstarter-like fundraising tool. And tools like OpenProsper, a social block explorer, provide data and insights into the growing DeSo ecosystem of developers, partners, and users.
“We’re seeing a flywheel start to form,” says Al-Naji. “Now that we have a seed of users and content, developers are building apps like never before, which is growing usage and content even more in a virtuous cycle.”
About DeSo
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. The DeSo mission is to decentralize social media the same way Bitcoin and Ethereum decentralized finance.
You can learn more about DeSo and claim your username on deso.com.
Contact
Growth Marketing Lead
Arash Ghaemi
DeSo Foundation
Ash@deso.com
Paris, France, 14th October, 2022, Chainwire
Paris Blockchain Week, the leading international conference dedicated to professionals in the blockchain and Web3 space, will be hosted at the Carrousel du LOUVRE in the heart of Paris’ historic palace and largest museum in the world from 20th to 24th March 2023. This 4th edition of the Paris Blockchain Week is Europe’s biggest blockchain event, covering: decentralized finance, NFTs, Web3, and metaverse, with 10,000+ attendees from around the globe, passionate to share, learn, and do business in one of the world’s most iconic places in the French Capital: the LOUVRE.
Key blockchain industry personalities have already committed to speaking at this celebration of all things blockchain. A first glance at our Speaker line-up includes Tim Draper (Founder and Managing Partner of Draper Associates, DFJ and the Draper Venture Network), Denelle Dixon (Chief Executive Officer & Executive Director, Stellar Development Foundation), Nicolas Cary (Co-Founder & Vice Chairman of Blockchain.com), Eva Kaili (Vice President of the European Parliament), Yat Siu (Co-Founder and Executive Chairman, Animoca Brands Founder and CEO, Outblaze), Sébastien Borget (Co-Founder & COO, The Sandbox), Alexandre Dreyfus (CEO, Chiliz & Socios.com), Ira Auerbach (Senior Vice President, Head of Digital Assets, Nasdaq).
During this prestigious week, Paris Blockchain Week will also play host to several fringe events held by the most prominent blockchain brands. The Talent Fair provides a full day of employment opportunities spanning the largest players and latest innovators. By popular request, the Paris Blockchain Week Hackathon is back with brand new challenges and prizes to be won.
Emmanuel Fenet, CEO of Paris Blockchain Week, is anticipating this global crypto and blockchain flagship event with great enthusiasm. “We look forward to bringing an exciting and engaging event to the thousands of attendees who will be joining us again this year. Speakers from the best blockchain, Web3, NFT and metaverse platforms, digital asset companies, and leading VC funds will join the stage and share their insights. With over 400 speakers, we can hardly wait to reveal our full programme and line-up soon, so block your calendar for 20-24 March. See you at the Louvre!”
Sébastien Borget, co-Founder and COO of The Sandbox, commented about the 2023 edition “I can’t think of a more emblematic place than the LOUVRE, an historic landmark of Paris where art collections, paintings, sculptures and others forms of art are assembled, to be home of Paris Blockchain Week 2023 to exhibit how Web3 contributes to innovation in technology, Art, NFTs, Gaming and Metaverse.”
The Paris Blockchain Week March 2023 edition is set to welcome 10,000+ attendees, 400+ speakers, 300+ sponsors, 60% C-level+ executives, 400+ media and journalists. Website: www.parisblockchainweek.com
Contact
Dan
MarketAcross PR
pr@marketacross.com
Kyiv, Ukraine, 13th October, 2022, Chainwire
Primex Finance, the first-ever cross-chain prime brokerage protocol, launches the Primex Beta on the Ethereum Goerli testnet. The Beta version allows users to experiment with the protocol’s cross-DEX spot margin trading. With the Beta launch, Primex also introduces the new Referral Program for early users, offering benefits to early registrants and referral-based rewards.
DeFi holds the potential to financially empower investors and traders in ways that were previously unimaginable in the traditional financial world. Despite that, most of the existing DEXs with margin trading features still use centralized trade execution mechanisms and feature a limited number of assets available for margin trading as derivatives.
Primex decentralizes the trade-execution mechanism to enable a wider variety of actions on DEXs. Instead of centralized order books, all automated trade executions on Primex are carried out by a network of Keepers. Consequently, decentralization can be maintained throughout the entire trading process, from creating an order to closing the position.
The Beta version of Primex’s protocol introduces key features, such as:
- Spot trading without leverage: Primex Traders will now be able to use different types of orders—stop loss, take profit, and limit orders—for non-leveraged spot trades in a decentralized manner, facilitating the trade of cryptocurrency pairs without leverage.
- Primex Splitter: A new mechanism that functions as an aggregation solution that splits up swaps across multiple DEXs and helps users make their trades more efficiently by reducing slippage and finding the best swap rates, without any additional fees.
- Open Position and Order Modification: Introducing the ability for users to modify the deposit, Take Profit/Stop Loss (TP/SL), limit price, and leverage of open orders.
- Partial Position Close: Traders now have the ability to partially close an open position. When a position is partially closed, the returned funds are distributed between the Credit Bucket and the Trader, depending on debt size.
- Spot Orders and Positions Data: Expanded data display to include information about each Trader’s spot orders and positions.
- WalletConnect Integration: In addition to MetaMask, users can now use WalletConnect, widening the variety of crypto wallets connected to Primex.
- New DEX Integrations: Primex Beta supports two new DEXs (Curve and Balancer), as well as Uniswap v3 pools with different fees.
- Bucket Reserves: A new mechanism that automatically moves part of the traders’ fees to the Reserve Pool of each Credit Bucket to insure them against potential losses.
- Multi-Language Support: The Primex platform is now available in seven more languages to provide access to a more localized and user-friendly experience.
In addition to the new mechanisms introduced with Primex Beta, the Referral Program offers rewards in exchange for inviting new users to the platform. Connections and referral contributions are automatically tracked utilizing smart contracts to store the data transparently on-chain. Furthermore, the Early User Program grants participation in private challenges for a chance to earn exclusive prizes and access to the Primex private Discord channels. Ultimately, early users can also participate in the Ambassador Program to earn exclusive ambassador-only rewards.
“We are right on track to fulfilling our mission of defragmenting the DeFi markets via the new prime brokerage protocol that offers users open access to a truly decentralized spot margin trading experience across numerous DEXs and blockchains,” says Vlad Kostanda, Co-Founder and CEO of Primex. ”This new upgrade will enhance how the protocol works while bringing our team one step closer to Primex’s mainnet launch.”
About Primex Finance
Ukrainian-led Primex Finance is the cross-chain prime brokerage liquidity protocol for cross-DEX margin trading with trader scoring mechanisms. Lenders will have the flexibility to manage their risks and return by providing liquidity to a variety of risk buckets, subsets of liquidity pools that regulate trader risk strategies. For more information visit https://primex.finance/, or visit the Primex blog.
Contact
CMO
Anton Demenko
PrimexLabs OÜ
info@primex.finance