NEW YORK, Aug. 18, 2023 /PRNewswire/ — Crypto is crashing but the Wall Street Memes coin has raised $25 million in its presale and today officially announces its new staking service and top-tier exchange listings coming on September 27th.
Meme stocks-inspired community-powered coin Wall Street Memes is now only around $900k away from entering the last stage of its 30-stage tiered presale. The token’s price rises from $0.033 to $0.0337 in the final 30th stage, as the presale accelerates toward sellout when it reaches its end goal of $30 million.
There really is no time to lose to get in on the ground floor of what is shaping up to be the biggest presale of the year – Wall Street Memes has raised more than $350,000 in the past 12 hours as the raise run rate quickens, with only 40 days to go until CEX listings.
The Wall Street Memes staking service is growing fast. At lightning speed, 7% of the presale allocation of 1,000,000,000 tokens (50% of the total token supply) has been deposited.
Buy $WSM now, and you can start earning up to 283% APY on your staked coins
Stakers can currently earn an annual percentage yield of 283%, according to the staking dashboard.
At the time of writing, the staking pool totals 70,534,061 tokens so far, and that figure could quickly rise to a majority of the presale supply as holders take the opportunity to lock in yield.
Although the APY will drift lower as more tokens are deposited into the smart contract, it will likely still be in triple or high double figures by the time of launch, adding further incentive for prospective buyers of $WSM.
Staking was only launched on Thursday, but eagle-eyed community members had spotted it was available two days earlier as part of a stealth rollout.
The significance of staking cannot be overstated. Because it provides a passive income stream, it will encourage long-term holding of the coin.
Staking will help to make Wall Street Memes crashproof
At the same time, as far as the capital tied up in the coins is concerned, it provides price stability by bearing down on any selling pressure when $WSM launches on major centralized exchanges (CEXs) in September.
This is not based on idle speculation but instead gleaned from the actual market experience of a new type of ‘version 2’ coin that puts staking front and center in a similar way to $WSM – btc20.com.
BTC20 is a ‘version 2’ coin that launched straight to DEX with a maximum 21 million token supply (just like bitcoin) and stake-to-earn model that pays out on a schedule that replicates BTC block production since 2011.
BTC20 is trading up 80% since its launch just over a week ago and has been subject to no downward lurch in the present crypto crash.
Hot on the heels of the staking rollout, Wall Street Memes’ reveal today that CEX listings are already confirmed at major trading venues is welcome news for $WSM token holders and is adding to FOMO.
Wall Street Memes boasts a 1 million-strong community of savvy retail investors
Boasting a social community of more than one million savvy retail investors, Wall Street Memes emerged as a champion of retail investors in the meme stocks movement in 2021.
Wall Street Memes coin is one of the largest fundraises in the crypto market this year and is the brainchild of the team behind the one million-strong social Wall Street Memes community. It is one of the internet’s most influential retail investing communities.
And not to be left out, in May this year, the team launched the Wall Street Bulls Ordinals NFT Collection.
The founders of WSM know a thing or two about NFTs. They famously made $2.5 million when, in 2021, they minted the highly successful Wall Street Bulls 10,000-piece NFT collection, which sold out in 32 minutes.
With that sort of proven crypto execution power, the WSM crew is going to take the crypto meme coin sector by storm when its lists and more products start to launch under the Wall Street Memes brand, driving up the utility value of the stake-to-earn community coin.
Alongside the existing brand power of Wall Street Memes among retail investors, the crypto project has another thing going for it that competing meme coins lack – verifiable legitimacy.
When the likes of multi-billionaire Elon Musk interact with your Twitter feed (now rebranded as X), you know you have arrived. That’s exactly the enviable situation that $WSM is in, as can be seen by just a couple of Musk’s posts on the @wallstmemes Twitter feed:
When it comes to meme coin influencers, they don’t come any bigger than Elon Musk, which is yet another reason why the Wall Street Memes token presale is already such a staggering success.
Mystery product in the works at Wall Street Memes, according to sources
As it closes on its $30 million hard cap target, Wall Street Memes has earmarked 30% of its tokens for community rewards.
But its plans don’t stop at staking. According to those with knowledge of the matter, the team is planning a major product release before or soon after the coin lists.
The aim of the Wall Street Memes coin is nothing short of monetizing the investor-focused social movement that, at its height, saw bands of retail stock buyers coordinating their efforts on the Reddit sub WallStreetBets, taking on Wall Street and winning.
Now Wall Street Memes is bringing the same swashbuckling spirit to crypto. Although the raison d’etre of crypto was about supporting the little guy against institutional power, in some respects, it has strayed from that goal.
Wall Street Memes wants to get back to basics and provide a way for those who supported the ideals behind the speculative frenzy that undoubtedly underpinned the meme stocks frenzy to be winners in crypto.
Wall Street Memes – fair presale that’s ideal for sophisticated risk management
Wall Street Memes is not just the biggest presale of the year, it is also one of the fairest.
Fifty percent of the token supply of 2 billion is available in the presale: 30% as community rewards, 10% for CEX liquidity, and 10% for DEX liquidity.
And with the addition of the staking utility to $WSM, token holders are being rewarded for their early commitment to the project.
If it hasn’t already, Wall Street Memes will become even more of a magnet for the funds of switched-on sophisticated crypto investors looking to diversify their portfolio and control capital risk – a passive income vehicle like Wall Street Memes is ideal for meeting those investment goals.
Wall Street Memes is the best crypto to buy today, says a growing roster of crypto analysts
The brand allure of Wall Street Memes and the ongoing success of its presale means that it is already a top coin before it even hits the spot market.
Crypto experts are lining up with a bullish forecast for Wall Street Memes coin.
YouTube cryptocurrency analyst Crypto Faro with 58k subscribers, dubs $WSM a Shiba Inu coin killer, although some might say that the SHIB team’s disastrous rollout of its Shibarium Layer 2 mainnet is achieving that death wish all by itself.
Next up is YouTuber Joe Parys, with 380k subscribers. He tells his viewers that Wall Street Memes coin could be a 100x crypto.
Another analyst, Michael Wrubel, this time with 310k subscribers on YouTube, is putting his money where his mouth is and has invested in $WSM.
And avid crypto presale watcher and expert analyst Jacob Crypto Bury reckons Wall Street Memes could be the best crypto to buy today, with only six weeks to go before it lists on top exchanges.
For other crypto financial influencers, $WSM could be the next Pepe coin because of its ability to monetize the meme stock movement.
And it’s not just in the video world that Wall Street Memes has been making waves. Check out the coverage on Coingape, Cryptopotato, Analytics Insight, U.Today, Outlook India, Finbold, and The Coin Republic.
Given the marketing strength being demonstrated by Wall Street Memes at this relatively early stage in its roadmap and the start of utility-enhancing product rollouts, expect the remaining tokens to be snapped up in short order.
Where to Get Your Wall Street Memes Token – And Enter the $50k Airdrop
$WSM can be bought on the Ethereum blockchain and BNB Smart Chain using ETH, BNB, or USDT (ERC-20 or BEP-20). If you wish to stake now, then you must buy with ETH.
You can also buy with a credit or debit card. Whichever route you choose to buy, be sure to do your own research and make sure to only invest what you can afford to lose.
All that prospective buyers need to do is connect their funded crypto wallet on the wallstmemes.com website to make their purchases.
After investing, you can join the Wall Street Memes competition, where five lucky degens can benefit from a $50,000 $WSM airdrop.
If you are a $WSM token holder, then you can click on the button at the Wall Street Memes Linktree page to complete the steps to qualify for the airdrop.
Wall Street Memes, the king of stonks, is quickly becoming the king of a new category of meme coin with solid utility value. It is not too late to get on board the most-talked-about presale opportunity in crypto.
Friend.Tech and Base Anti-Phishing Boosted By CoolWallet’s Web3 SmartScan
TAIPEI, Oct. 2, 2023 /PRNewswire/ — Base’s new killer DApp, the decentralized social network Friend.tech, is breaking transaction records with record adoption, but is being targeted by hackers and scammers through phishing attacks.To raise awareness of the importance of hardware wallet protection and promote its powerful Web3 SmartScan transaction screener, CoolWallet has launched a Web3 Guardian competition.
Coinbase’s new Ethereum layer-2 chain, Base, has become a favorite for DApp developers and early investors due to its outstanding performance and the innovative projects it attracts. One DApp in particular, the decentralized social media platform Friend.tech, has driven the bulk of its growth in recent weeks. helping Base repeatedly reach new transaction volume highs despite difficult market conditions.
Friend.tech’s rapid rise has garnered widespread attention- according to the latest data, the daily active user (DAU) count of friend.tech have surpassed the million mark, with its transaction volume consistently hitting new records and its total value locked (TVL) now surpassing $35 million.
However, with any crypto trends comes new security risks, in this case a familiar foe, phishing attacks. This type of social engineering attacks dominate crypto thefts, which by June 2023 had already hit the $650 million mark across the Web3 sector. This month alone has already seen successful attacks targeting high-profile victims Mark Cuban and Vitalik Buterin and stealing millions in the process.
As a result, Base and Friend.tech users are urged to use a reputable hardware wallet to secure their tech digital assets by protecting their private keys and screening transactions.
In response, hardware wallet maker CoolWallet, which natively supports the Base ecosystem, has launched an anti-phishing campaign titled Web3 Guardian Competition to create awareness and promote its unique defense capabilities such as CoolWallet SmartScan, which proactively screens all Web3 transactions and flags malicious behavior or smart contract vulnerabilities before users are exploited.
How Friend.tech works
Friend.tech has garnered a cult following among crypto enthusiasts as one of the first decentralized social networks to be built on the Base blockchain. It’s powered by blockchain and smart contracts, where users must buy “shares” of another person in order to chat with them. Its tagline is “Your network is your net worth”.
To use Friend.tech, users must first sign up with their Twitter (X) account, create a profile and then start trading shares of other users who have also signed up. A user’s share price is determined by factors like their popularity, reputation, and overall demand.
Buying shares of another user gives you access to them, allowing you to message them directly and chat. The more shares you buy, the higher a priority your messages will be.
Friend.tech recommends hardware wallet protection
With crypto phishing attacks claiming even high-profile victims such as Vitalik Buterin and Mark Cuban as victims in recent weeks, it’s no surprise that Friend.tech also places great emphasis on asset security.
It therefore recommends that users utilize a hardware wallet for enhanced protection against threats like phishing sites. Storing assets offline makes them less accessible to online hackers, thus offering greater security.
CoolWallet’s SmartScan Flags Web3 Phishing Threats
CoolWallet (established in 2014) has since the launch of its CoolWallet Pro flagship model in 2021 pivoted strongly to securing Web3 assets, which requires users to interact with DeFi protocols that could potentially drain their accounts if they authorize the wrong transaction.
CoolWallet Pro in particular makes for an ideal Friend.tech hardware wallet as it’s one of the first cold wallets to support the Base network, and boasts several elite security features, such as:
- an EAL6+ secure element
- biometric verification (both on phone and device)
- tamper proof and waterproof design
Importantly, its CoolWallet App comes with real-time Web3 transaction analysis scanning called Web3 SmartScan.
While cold storage is as safe as can be, the biggest vulnerability remains human error or a lapse in judgment, where the user is tricked into authorizing a bad transaction or revealing their recovery seed or private key to a bad actor.
CoolWallet’s SmartScan, available on its CoolWallet App, provides Web3-native protection against phishing attempts. It automatically screens transactions and flags attempted phishing, suspicious transactions and smart contract vulnerabilities. This makes using cold storage even safer to use, and elevates CoolWallet above other hardware wallet brands.
Web3 Guardian Competition- Secure Your Crypto for the Next Bull Run!
To promote Web3 asset protection among blockchain users and help them safeguard their crypto portfolio with SmartScan until the next bull run, CoolWallet is launching a global new competition aimed at enhancing user security awareness with generous rewards to participating users.
Base is a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users on chain.
Friend.tech is an emerging DApp focused on social interactions and cryptographic asset management. It provides users with a secure and efficient blockchain platform. The platform currently operates on the Base chain and is continuously expanding its features and user base.
CoolWallet is a pioneering Web3 hardware wallet brand established in 2014 by CoolBitX that offers users the comfort of convenient and fully portable cold storage of all digital assets, including DeFi and NFT crypto assets.
CoolWallet Pro is a flagship Web3 hardware wallet that boasts a wafer-thin smart card form factor, an EAL6+ secure element, military-grade Bluetooth encryption, and a tamper proof and water-resistant exterior, while its custom CoolWallet App offers users a choice of DeFi marketplaces, DApp support and real-time transaction screening.
CONTACT: Domo Zhuang, [email protected]
Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications
NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.
Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.
The Challenge and Our Solution
Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.
Why Tangle Network?
Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:
- Proof Generation: Delegate computational tasks to our validators.
- Trusted Setups: Tangle Network manages complex ceremonies for you.
- Secure Signing: Utilize our threshold signing for cross-chain operations.
By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.
- Unparalleled speed, security, and scalability via Substrate.
- Decentralized control through Distributed Key Generation (DKG).
- Advanced protocols for zero-knowledge applications.
- Cross-chain compatibility with IBC and XCM.
- Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
- Smooth, forkless upgrades.
The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.
Testnet Quick Links
- Developers: Start building on Tangle today. Learn More
- Validators and Relayers: Help secure and maintain the network. Learn More
- Join the Community: Follow us on Twitter or join our Discord.
For media inquiries, partnerships, or more information, email us at [email protected]
ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets
SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”
The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).
Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.
Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.
Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges. ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.
For detailed insights into ChainUp’s innovative solutions, please visit: https://www.chainup.com?channel=pr&type=article
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.
CONTACT: Jacelynn Pang, [email protected]
- Friend.Tech and Base Anti-Phishing Boosted By CoolWallet’s Web3 SmartScan
- Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications
- ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets
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