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Klex Finance has deployed its testnet ahead of an imminent mainnet launch.
The testnet went live on August 2, with Klex Finance inviting community members to assist in putting the protocol through its paces.
Klex Finance will have its own token, which is expected to launch following the platform’s mainnet release.

Klex Finance, the sophomore project to be incubated by Krew DeFi, has deployed its testnet ahead of an imminent mainnet launch. The testnet went live on August 2, with Klex Finance inviting community members to assist in putting the protocol through its paces. Klex aims to become the leading portfolio rebalancing platform on Klaytn.

We are OFFICIALLY live and cooking over at https://t.co/VcZO4aw5dJ 🤝😎
As we mentioned before, the KLEX team can see a list of every single wallet address that interacts on our Testnet.
We may also look to reward people who interact, find bugs, and get involved 🤫
— 🚀 Klex 🚀 (@klexfinance) August 2, 2022

Krew DeFi, an accelerator for web3 projects on Klaytn, is best known for KLAP, the lending platform. Market aggregatorDefiLlama currently records the TVL of KLAP at $47 million.

According to the information provided to CQ, Klex Finance will have its own token scheduled to launch following the platform’s mainnet release. The team states that the KLEX token will be used to reward LPs on Klex Finance and can be used for governance, among other things. Although not confirmed, it is expected that initial LPs on Klex will be airdropped tokens proportionate to the liquidity they provide.

Speaking on the topic, the team says:

Klex Finance will naturally have its own token, which is expected to launch following the platform’s mainnet release. It will also utilize the aToken format popularized by Aave and then emulated by KLAP, with aUSDC, aDAI, and aUSDT pools being created, with each of these aTokens forming interest-bearing KLAP stablecoins.

There’s no confirmation of how long the testnet period will last, but it is expected that the Klex Finance platform will launch within a matter of weeks, giving Klaytn users a new way to execute swaps and earn yield.

“Decentralized finance has advanced in leaps and bounds on Klaytn in recent months, with a slew of new platforms launching that have extended its core functions,” say representatives of the team. “Users of the EVM network can now access the same primitives that are available on the likes of Ethereum and Avalanche. KlaySwap remains the leading DEX on the network, but the arrival of Klex will provide an alternative option for executing trades.”

Blockchain Futurist Conference, Canada’s largest blockchain and crypto event, returns to Rebel Entertainment Complex in Toronto from August 9-10, 2022. Presented by Untraceable Events, this year’s conference will feature the launch of UNNY, the Real Life Engagement Token. UNNY looks to disrupt the event landscape by tokenizing gamification, driving attendees to participate in specific actions and enhancing the overall event experience.

Untraceable Events has prioritized the attendee experience, and has brought innovative gamification features to all their events. At this year’s Futurist Conference, attendees will be able to accumulate points by completing over 1,000 unique challenges including: going to sponsor booths, attending speaking sessions, completing activations, and engaging in other areas of the event.

By accumulating points, attendees can receive UNNY, which can be exchanged at specific vendors and experiences across the event from food pop-ups, VIP tickets and helicopter rides.   Attendees can track their points on the Futurist Web App leaderboard, and compete for top prizes such as Front Row Tickets to Vitalik Buterin’s Presentation on August 10th, 2022.

UNNY is a concept years in the making, and is a culmination of the diverse ways Untraceable has set out to better the event experience. UNNY’s core function is to drive attendee actions in real life. Directing attendees to engage in specific actions can also improve people, profit, and planet, all the while rewarding people for engaging in activities that bring positive change. Attendees fulfilling actions like recycling and donating to charities will be rewarded with UNNY.

Flexa will be powering all onsite payments including food trucks, marketplace vendors, helicopter rides and all the UNNY Pop-up Stations. Earth Wallet, is educating and equipping attendees with the means use UNNY onsite. Earth Wallet’s  mission is to help shape our planet’s future with a crypto wallet that empowers individuals to support innovative climate initiatives.

“Events are a crucial component within the blockchain ecosystem, but most events are missing the importance of teaching the audience how to use cryptocurrency in the real world. With UNNY, we can demonstrate the advantages of how tokenization can improve events and the world for the better” said Tracy Leparulo, Untraceable CEO and founder. “In order to change the world, we must change events because life is just a series of events and UNNY can help create a positive world using the power of blockchain technology.”

Untraceable has partnered with over 75 sponsors for this year’s Futurist Conference, and the event is projected to attract over 6,000 attendees, making it the largest crypto event in Canadian history. The conference will be livestreamed to over 1 million viewers through CoinMarketCap. For tickets, visit https://www.futuristconference.com 

About Untraceable:Untraceable is the first event management and marketing agency within the blockchain and cryptocurrency community in Canada. Founded in 2013 to help build and grow the crypto community, Untraceable provides a full suite of event marketing and advisory services. Untraceable specializes in designing cutting-edge events and marketing campaigns by seamlessly integrating crypto ticketing, event apps, token creation, and innovative tech solutions. Untraceable has organized hundreds of events from the first Bitcoin Expo in Canada to the first Ethereum hackathon, ETHWaterloo, Polycon, and Canada’s largest blockchain event, Futurist Conference.About Tracy Leparulo:

Tracy Leparulo is a futurist and early advocate for growing the international blockchain and cryptocurrency community. Since 2013 she has been at the forefront of building communities for leading projects including Ethereum, Bitcoin, and Polymath. She is the founder of Untraceable, a Toronto-based event marketing and advisory company that works with leading blockchain companies to propel their brand through online and live marketing activations. For the last 9 years Tracy has organized dozens of the world’s leading blockchain conferences including Futurist, Canada’s largest blockchain event.

Disclaimer:

UNNY is a utility token used in exchange for goods and services at Untraceable events. UNNY is not an investment asset or currency.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

P&E platform Mummy.io collaborates with Polygon Studios to scale their metaverse.
With this, Mummy aims to introduce new NFT collections and first airdrop of Stelae NFTs.
In the last 7 months, the Polygon network has grown over 170% with 19,000 dApps joining the chain.

Immersive Play-And-Earn MMORPG, Mummy.io announces collaboration with Polygon Studios, an ecosystem that hosts umpteen Web3 companies for lending dApps and decentralized exchanges to sports betting and play-to-earn games, NFTs and DAOs.

To scale the Mummy metaverse and allow its community to access various opportunities and future partnerships for digital assets, Mummy.io chose this collaboration. Through this, Mummy aims to introduce new NFT collections and in-game utility integrations to enhance players’ experience of the P&E game.

Along with this, Mummy.io also announced the launch of its first airdrop of Stelae NFTs – the 1st artefact of the Series of 3, releasing with the Demo Chapter 1: Battle of Ankhahur the Fallen in summer 2022. With this Mummy aims to encourage gamer’s and NFT collector’s community with special utilities and features.

Mummy.io told CQ that the NFTs will be minted on Polygon’s platform as that would benefit Mummy’s community with low gas fees, high speeds, and reduced latency. Furthermore, Mummy looks forward to utilizing the flexibility, sovereignty, and scalability offered by Polygon while ensuring interoperability, security, and structural benefits to a competitive standard.

Meanwhile, Mummy’s team spoke about the challenges they face while developing an MMORPG, as they are more complex than other video game genres. The team observed that these games require specialized software and secure integration of blockchain technology to be developed, it also takes a lot of time and resources.

With Polygon onboarding, the team is hoping to combat these challenges, also boost their go-to-market strategy and game development process. To look at the larger picture, with this collaboration, Mummy aims to reach the 3B gamers on planet Earth and bring the AAA gaming standards to the next level.

This collaboration is another addition to Polygon’s rapid-growing chain, as the number of dApps supported by the network has expanded to 19,000 with an increase of over 170% from January 2022. Interested users can connect their wallet on mummy.io to subscribe to play the 1st Demo Chapter 1: The Battle of the Ankhahur the Fallen and get the first Stela NFT.

Blockchain Gaming News Cardalonia partners with P2E game Readyplayerme to enable LONIA token holders to create custom avatars. LONIA is the utility token of the Cardalonia metaverse. The LONIA token pre-sale has seen almost 60% of the pre-sale allocation filled with less than 20 days to the end of the pre-sale. Cardano metaverse project Cardalonia[Read more…]

Move&Earn AMAZY launched its mobile application for iOS and Android on August 4.
Earlier this week, the platform launched the AMAZY Marketplace.
The AMAZY team continues to grow its brand, eyeing to launch its own metaverse, Realverse, in the future.

With the increasing number of motivational fitness applications encouraging users to step away from screens and instead step outside and be active, Move&Earn AMAZY launched its mobile application for iOS and Android on August 4.

On August 3, AMAZY teased its community via social media that an update is coming for the platform, and fans have been speculating what the Move&Earn is referring to.

While some on Twitter are clamoring about a mainnet launch, AMAZY’s Telegram community is imploring the platform to launch its own app. With the app launch today, users would be able to easily download it.

This news comes on the heels of the launch of the AMAZY Marketplace, where users can buy, sell, and trade AMAZY NFT sneakers, earlier this week. Similar to other move-to-earn applications, sneaker NFTs are the assets needed by users to start earning. This was followed by an overview article published onMedium.

In an interview with Forbes just last month, AMAZY co-founder Artem Nikolaev said that their platform differs from other Move&Earn projects since it works on smart contracts and not on a server.

Our in-game assets are stored on the stable blockchain with low commission fees (BSC) and not in an internal game wallet that in fact the developers only might own, Nikolaev said.

At the time, Nikolaev also teased that their team, including 50 Azur Games employees, is working on growing the app to the metaverse, which they will call the AMAZY Realverse.

Meanwhile, co-founder Sergey Kosenko is working with Tier 1 celebrities and bloggers in growing the AMAZY brand. Kosenko is an influencer himself, with 5.9 million followers on Instagram.

On July 22, the platform’s governance token, AZY, was listed on major exchanges, including OKX, ByBit, PancakeSwap, MEXC Global, and Gate.io. The trading volume for the crypto exceeded 10,000,000 within the first 30 minutes after the listing.

Philcoin announces a new coin staking program for global crypto users to earn attractive interest while making donations.
The team says that their staking mechanism is purposefully designed to create wealth for everyone.
Reportedly, users who stake PHL will receive an interest of 15% Annual Percentage Rate (APR) on top of the principal amount initially locked up.

Philcoin has announced a new coin staking program for global crypto users to earn attractive interest while lending a hand to their favorite projects through donations. Philcoin  is a philanthropic blockchain movement supporting the 17 Sustainable Development Goals (SDGs) of the United Nations.

In a recent blog post, Philcoin said their staking mechanism is purposefully designed to create wealth for everyone. The team claimed that unlike typical cryptocurrency staking methods other projects apply, the Philcoin system will function more like the better understood and popular traditional savings or fixed deposit accounts.

Generally, staking allows token holders to lock up their digital assets for a period of time when they earn a given percentage as interest. Interest earned can be fixed as in Annual Percentage Rate (APR) or compounding using Annual Percentage Yield (APY).

Users who stake Philcoin’s native BEP-20 token, PHL, will receive an interest of 15% APR on top of the principal amount initially locked up. Users must download and install the Philcoin mobile app (PHILApp) to participate. After that, they are required to purchase PHL from supported exchanges like MEXC Global or PancakeSwap.

A notable difference from other staking protocols is that stakers will earn the 15% APR as interest. Because the project leans toward philanthropy and creating wealth for everyone, stakers will keep half their staking rewards and donate the remainder to a charity of their choice.

All donations will be made straight from the PHILApp, an all-in-one solution offering a range of services, including the Internet of Things (IoT), social media, education, and more. As designed, PHILApp acts as a products and services portal where end users are rewarded with PHL.

The project has also clarified that staking will be calculated expressly depending on the number of PHL tokens and not its secondary price on exchanges. Therefore, considering the fluctuation of crypto prices, the value of PHL tokens will, as expected, change. However, the number of tokens will remain constant depending on purchasing time.

Currently, as the markets bottom up after a biting bear market that saw asset prices collapse by over 90% from 2021 peaks, users are looking for safe investment options. Users who look to purchase PHL and stake stand to earn extra coins through which they can donate and also benefit from possible capital gains.

Stakers who purchase PHL via the exchanges at the depth of the bear market could, on maturity, more than quadruple their gains, making a decent profit. Philcoin sees staking as an opportunity for users to take charge of their finances while changing how they give back to the community.

MEXC launched an MX/USDT perpetual trading pair.
It will support 1-20x purchasing power for long and short two-way trades.
The team believes this will contribute to the expansion of MX Futures.

MEXC Global, the digital asset and crypto trading platform, has introduced an MX/USDT perpetual trading pair and will be supporting 1-20x purchasing power for long and short two-way trades. This should contribute to the expansion of MX Futures while bringing the MEXC ecosystem to the next level for individual and institutional traders.

MX Token ($MX) is the native token of the MEXC ecosystem. Holders of this crypto token can pay their trading fees at an affordable rate, and take part in Launchpad, Kickstarter, M-day, and other events to engage with various partner initiatives, while also serving as proof of the MEXC community’s interests. This initiative also encourages clients to actively participate in community governance – which includes voting and other activities.

MEXC Global supports perpetual trading of over 200 virtual currencies, such as Bitcoin (BTC), Ethereum (ETH), MX tokens, Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Polkadot (DOT), Cosmos (ATOM), Avalanche (AVAX), Solana (SOL), and Polygon (MATIC), covering public (or permissionless) chains, cross-chain platforms, DeFi, GameFi, Metaverse, DAO, and other sub-sectors.

MEXC Futures claims it has several years of “first-mover” technical experience and certain product advantages when it comes to system stability, trading mechanisms, “fundamental” transaction depth, risk control, liquidity, and customer experience.

In terms of overall stability and strategy, MEXC is focused on remaining competitive. MEXC’s futures trading system has reportedly been implemented by an experienced technical team. With regular upgrades, the platform avoids downtime, even when experiencing extreme trading volumes.

MEXC Futures further claims that it offers the “most tradable” derivative trading products. The platform continues to list new tokens and specializes in futures trading for institutional and individual traders.

After the MX Token 2.0 proposal was introduced in December 2021, the token has performed relatively well in the crypto markets. With the ongoing expansion of MEXC Global and support from the MX community, the MX token is expected to serve a vital role within the MEXC ecosystem.

Launched in April 2018, MEXC Global is a crypto-asset trading platform with more than 7 million users. The exchange offers spot, margin, leveraged ETFs, derivatives trading, and staking services.

In June 2022, MEXC Global announced that it had taken steps toward streamlining the process of cryptocurrency purchases by providing investors in 180 different countries the ability to acquire digital currencies with their Visa or Mastercard. Visa and Mastercard plan to provide competitive fees to new and experienced investors, thus helping to ease the initial capital requirements.

Investors may purchase as much as $5,000 worth of crypto-assets via a single transaction.

In March 2022, MEXC Global established a $150 million ecosystem fund, along with Bybit to support the ongoing growth of Fetch.ai, an AI lab focused on developing an open-access and decentralized machine learning network for “smart” infrastructure.

The Fetch.ai network is developing its ecosystem to be a major public chain for software developers so they can build upon it and support innovative business solutions.

WoodCoin Foundation, a decentralized, minable (PoW) public ledger with a logarithmically growing money supply, has announced that its WoodLandEco app, an initiative to get more people involved in sustainability efforts, will be released to the public soon.

The team behind WoodLandEco revealed that the application is currently in its beta testing phase and will launch once it is ready on an undisclosed date. Notably, the project aims to attract users to contribute to nature-friendly activities such as planting trees. The participants will also receive awards for their involvement in protecting the environment.

Initially, WoodCoin Foundation envisioned building an eco-campaign that leverages modern technology for sustainability efforts. The team acknowledges the predictions of scientists that humanity will face an ecological catastrophe by 2050.

In a release, WoodCoin Foundation remarked:

The raging wildfires in Australia, which have already covered more than 18 million hectares, water pollution by petroleum products — all of this is detrimental to the environment.

It is in this context that WoodLandEco switches on the torch to protect nature with community-engaging eco-friendly activities using blockchain technology. The project basically focuses on a sustainable life in this modern world.

Talking about the WoodLandEco app, users would need to download the platform and choose the type of tree they want to plant. Each tree has its own properties and amount of oxygen production. After choosing a tree, users can connect their tree through a unique QR code and take care of the tree. The more the tree produces oxygen, the more the users get dividends.

The WoodLandEco team said they are in the process of attracting large eco-funds to its activities and anticipate that the scale of the program will be large.

To know more details about the WoodLandEco project, visit their website at Telegram.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Singapore, Singapore, 2nd August, 2022, Chainwire

OutSad has launched a unique collection of NFTs designed to help metaverse explorers express their emotions. Recognizing the constraints on interpreting social cues within virtual environments, OutSad comprises a series of mood-changing characters that can accompany their owner as they roam parallel universes.

The culmination of 700 days of work, OutSad NFTs were created by an artist collective who developed more than 3,000 original painting manuscripts and 4,500 material models. It took hundreds of refactoring to complete 5,000 unique NFT assets. Each of the NFTs exists on the Ethereum blockchain, where they can be used to entice an array of metaverses and virtual worlds.

The NFT collection was inspired by the static design of current PFP collections and the realization that these fail to reflect the personality of their owner. With most NFTs awarded to their buyer at random following a “reveal,” the owner is destined to end up with a character that bears little resemblance to their own. OutSad NFTs are intended to reflect every subtle emotional shift and mood change, and to adapt as their owners make in-game choices that will shape their destiny.

In addition to serving as PFPs that can be used as badges, avatars, and profile pictures, OutSad NFTs operate as membership badges. These provide various features and benefits, starting with entry to the fledgling OutSad ecosystem. As this grows over time, the community will be able to unlock new worlds and additional features.

More than just an NFT project, OutSad encourages innovation derived from an autonomous space where the community can generate new ideas and harness collective decision-making. OutSad NFTs grant the owner a worldwide license to use, copy and display the purchased art, along with any extensions that they choose to use, which means every holder owns individual commercial rights.

About OutSad
OutSad is a community-centric NFT project that favors feelings over flipping and play over profit. Each of its highly expressive characters has been designed to reflect different facets of its owner’s personality. As they travel through the emerging metaverse ecosystem, the OutSad PFP will serve as the user’s doppelganger, whatever their mood.
Learn more:
Website | Twitter | Discord | Instagram

Contacts

Acker
[email protected]

Dallas, Texas, 2nd August, 2022, Chainwire

New Cross-chain Interoperability via WanBridge Provides More Robust Options for Instant Settlement 

Impel is pleased to announce today that bitcoin (BTC) has been added to its ISO 20022 financial messaging API as optional collateral for making payments. This addition enables BTC to be used in the instant settlement process for traditional banking services and other organizations that utilize the new ISO 20022 messaging standard. It offers the opportunity for improved customer experience, increased security, and significant operating cost savings.  

The technology industry’s future lies in the broad range of techniques that allow different blockchains to communicate with each other. The transfer of digital assets and data between one blockchain to another is referred to as cross-chain compatibility. Interoperable bridges play a crucial role in providing these robust options for desired digital assets to be used for payment. 

Through its collaboration with DIMO and Wanchain, Impel’s userbase can move BTC from its native network to the XDC Network as a wrapped digital asset called “XBTC,” referred to as an XRC-20 token. Both DIMO and Wanchain aim to make the blockchain ecosystem completely interoperable, one bridge at a time. “We see this bridge between the Bitcoin and XDC Networks as an important step in creating real-world interoperability in the blockchain ecosystem,” said Bhavesh Thakkar, Co-Founder, and CEO at DIMO. 

Wanchain’s WanBridge uses an advanced version of the Lock-Mint-Burn-Unlock method to transfer digital assets between blockchains. No intermediaries or relay networks are involved, as assets are transferred directly from the source chain to the destination chain. For example, when moving BTC to the XDC Network, it is locked on the Bitcoin Network by the bridge’s nodes before the XBTC is minted on the XDC Network. The $XBTC can then be used as collateral for ISO 20022 payments. 

The bridge, operated by a group of permissionless, decentralized nodes, is required to stake sufficient funds and is elected monthly. Collectively, the nodes use a combination of Secure Multipart Computation (sMPC) and Shamir’s Secret Sharing (SSS) to generate signatures, securing these cross-chain assets. This is an approach far more secure than the current multisig standard. Additionally, no single node or entity will have direct access to these wrapped assets, which are secured by a shared pool of digital assets to overcollateralize the cross-chain assets.  

Access the WanBridge here: https://bridge.wanchain.org/#/  

“Impel offers no-brainer solutions via an API for any organization in the world that needs to use the ISO 20022 compliant financial messaging standard,” said Troy S. Wood, CEO and Founder of Impel. “Plus, we sweeten the deal with the option of adding collateral to the message’s payload for instant settlement.”  

Impel’s ISO 20022 financial messaging is a standard that is already widely adopted in more than 70 countries, and it is one the United States aims to implement by 2025. Impel’s platform offers optional instant settlement using $XDC, the native coin on the XDC Network, XRC-20 tokens, such as $XBTC, and the wrapped stable coin USDC ($XUSDC). 

Impel’s service offerings are built and operate on the XDC Network, a Layer 1 blockchain protocol that is a highly optimized, bespoke fork of Ethereum. The network offers significant benefits, such as near-zero gas fees, and it reaches consensus through its delegated proof-of-stake (XDPoS) mechanism, thus using virtually no energy and allowing for fast processing at two second transaction times and over 2,000 transactions per second. The XDC Network provides cross-chain interoperability with its smart contracts. As an Ethereum Virtual Machine (EVM) compatible blockchain, project migrations to the network are seamless. 

Security is important at Impel, and financial transactions are routed through a highly secure API, utilizing a Layer 2 solution that prevents data exposure to unauthorized parties. It was developed by a team with decades of information technology experience in providing secure technology infrastructure for banks and fintechs. 

Impel will not charge implementation, annual membership, or per-usage fees for its financial messaging service. The only cost for banks and financial institutions is the XDC Network’s near-zero gas fee to send messages and payments, which is only a fraction of a cent ($0.00001) or less per transaction. Notably, financial transactions can be rolled up into just one message, meaning that multiple messages can be sent in one transaction allowing for customization that meets the demands and desires of the involved parties. 

Impel offers a self-paced ISO 20022 financial messaging demo that allows anyone to create and send transaction requests over the XDC Network’s mainnet, with the option to add collateral, such as $XDC. $XBTC, or $XUSDC to the message’s payload. The demo is available on Impel’s website: https://impel.global. 

About ImpelImpel is a fintech innovator that uses blockchain technology to deliver financial messaging, instant settlement, and a bridge to the R3 Corda platform to future-facing banks and fintechs. Created to provide a cost-effective alternative to legacy solutions like SWIFT and SEPA, Impel’s service offerings run on the XDC Network using a decentralized, enterprise-ready hybrid blockchain to securely and quickly send financial messages and payments using $XDC or XRC-20 tokens. Leveraging outstanding security, Impel offers real-time payment settlement, instead of the current 2+ day standard via the central banking system. Impel’s financial messaging meets the ISO 20022 standard, with no cost other than the XDC Network’s near-zero gas fee to send messages or payments. Utilizing a bridge to the R3 Corda platform, $XDC or XRC-20 tokens move to and from the public Corda Network and can be used as a settlement vehicle inside the Corda ecosystem. Financial institutions can use Impel as a catalyst to strategically transform their businesses and unlock value-added opportunities enabled by the new standard. Learn more at https://impel.global. 

Contacts
CEO and Founder

Troy S. Wood
Impel
[email protected]