Blockchain Press Releases

Zilliqa makes blockchain history by buying a racehorse

Published

8 months ago

July 17, 2024

SINGAPORE, July 17, 2024 /PRNewswire/ — Zilliqa, the long-established layer-1 blockchain and market leader in Web3 sports and entertainment, is proud to announce its venture into the world of horse racing through the acquisition of a racehorse.

Aptly named “The HRSE Horse”, the racehorse’s unique moniker is a nod to $HRSE, the recently-launched fan token of The Winners Circle, an innovative new loyalty platform that uses Web3 to redefine the racing fan experience.

The ownership will see The HRSE Horse sporting community-selected colours and branding when racing, generating mainstream exposure for both The Winners Circle and the Zilliqa blockchain.

The HRSE Horse is the first racehorse to ever be owned by a blockchain company, and its unusual name was not chosen only to prick up the ears of the established horse racing community, but also to demonstrate how The Winners Circle is combining the physical world of horse racing with its core tenet of digital ownership unlocked by harnessing the capabilities of the Zilliqa network.

Launched by Racing League and powered by Zilliqa, The Winners Circle is a fan engagement platform supercharged by Web3 that features a free-to-play prediction game where fans are rewarded with $HRSE tokens by correctly choosing the winners of real-world horse races. These tokens can then be used to influence the decisions of teams competing in the exciting Racing League competition while also unlocking exciting features such as discounts on racehorse ownership shares, tickets, merchandise, and more..

The Token Generation Event (TGE) for $HRSE was concluded on July 17th, with the token now listed on participating exchanges such as MEXC and Pancake Swap.

Zilliqa’s foray into horse racing goes beyond sport; it is an opportunity to bridge the gap between physical and digital realms, echoing The Winners Circle’s vision of embracing opportunities in both spheres.

The HRSE Horse is trained by former National Hunt jockey and globally renowned racehorse trainer Jamie Osborne, whose mission to reinvigorate the world of horse racing and attract a younger demographic is aligned with the innovative fan-first approach taken by The Winners Circle that leverages Web3 to redefine the fan experience. Osborne’s extensive knowledge of horse racing and bright sense of humour birthed the idea of finding a horse for Zilliqa to own and naming it The HRSE Horse.

With a global presence amplified by the audience of this thrilling sport, Zilliqa aims to capture the imagination of communities worldwide, celebrating the spectacle of horse racing while promoting meaningful innovation powered by the Zilliqa blockchain and The Winners Circle.

Commenting on the announcement, Zilliqa CEO Matt Dyer, said:

“We are thrilled to announce our ownership of The HRSE Horse, who we hope will turn heads for his speed as well as his unique name. In becoming the first blockchain to own a racehorse, not only do we showcase the potential for The Winners Circle to redefine fan engagement in this age-old sport, but we also demonstrate how the HRSE token brings the real and digital worlds together. We’ve bought a racehorse, and by signing up for The Winners Circle, fans can have the chance to own a share of one, too.”

Commenting on the announcement, Trainer Jamie Osborne, said

“I am excited by Zilliqa’s ownership of The HRSE Horse and excited to see him perform on the race track. Horse racing needs to embrace new technologies to attract a younger demographic, and I believe The Winners Circle has the potential to drive a new generation of racing fans to this thrilling sport, which is why I’ve supported their mission from the start. Hopefully The HRSE Horse and Zilliqa will achieve great success and make this season be remembered as the Zilliqa summer, on and off the track.”

About Zilliqa

Zilliqa, the industry-recognised layer-1 blockchain founded in Singapore in 2018 is a high-performance, high-security, and low-fee blockchain platform. Designed to scale with the demands of global businesses, the blockchain serves as a versatile foundation that facilitates a broad array of Web3 applications and services across a multitude of sectors, providing a robust platform for emerging developers and established enterprises alike. The next evolution of the network, Zilliqa 2.0, is currently under development and offers a user-centric platform designed for ease of use and customisability.

View original content:https://www.prnewswire.co.uk/news-releases/zilliqa-makes-blockchain-history-by-buying-a-racehorse-302198262.html

Blockchain Press Releases

Bybit Surpasses Market Leaders in Spot Liquidity with Innovative RPI Order Launch

Published

3 hours ago

March 6, 2025

CISION (PR Newswire)

bybit-surpasses-market-leaders-in-spot-liquidity-with-innovative-rpi-order-launch

DUBAI, UAE, March 6, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce a strong surge in liquidity across its spot market, driven by the introduction of its innovative Retail Price Improvement (RPI) order and close collaboration with institutional liquidity partners. This remarkable growth across multiple trading pairs reaffirms Bybit’s position as a leader in delivering best-in-class trading conditions for retail clients.

According to data collected between February 27 and March 3, 2025, after the implementation of RPI, Bybit has successfully elevated liquidity in key trading pairs:

BTC/USDT liquidity surged to 1.5 times that of the market leader, establishing Bybit as the #1 exchange for retail liquidity in this pair.
ETH/USDT liquidity skyrocketed, reaching 5 times that of the market leader, offering some of the most competitive quotes in the industry.
SOL/USDT liquidity increased to 4.5 times that of the market leader, offering unmatched access to top-tier order book depth.
Across the top 12 trading pairs, Bybit achieved 3 times the liquidity of the market leader, solidifying its position at the forefront of retail-focused trading.

Retail-Centric Liquidity Innovation: Bybit’s RPI Sets New Industry Benchmark

At the heart of Bybit’s liquidity surge is the recent successful rollout of RPI orders — a pioneering feature that positions Bybit as the first crypto exchange to introduce this retail-friendly liquidity enhancement.

RPI orders are a special type of Maker order, designed specifically to provide liquidity exclusively to retail clients (non-API algorithmic traders). This segmented liquidity pool ensures that retail traders can access deeper order books and more competitive quotes, enhancing their trading experience.

Since the implementation of RPI, Bybit has surpassed the spot liquidity of key competitors across the top 180 trading pairs, delivering near-spread depth improvements across top pairs. This achievement has established a more accessible price environment for retail clients, reinforcing Bybit’s commitment to providing best-in-class liquidity tailored to their needs.

“Our ability to deliver such significant improvements in liquidity underscores the resilience of Bybit’s ecosystem and our relentless commitment to providing retail traders with a world-class trading experience,” said Shunyet Jan, Head of Derivatives and Institutional at Bybit. “The introduction of RPI is a game-changer, setting a new standard for retail-focused liquidity, and we are proud to lead the industry in innovations that directly benefit our community.”

With RPI driving better prices and deeper books for retail clients, and transparency initiatives ensuring real-time visibility into Bybit’s order book strength, Bybit reaffirms its dedication to building the most retail-friendly trading environment in the crypto space.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-surpasses-market-leaders-in-spot-liquidity-with-innovative-rpi-order-launch-302394757.html

Blockchain Press Releases

Bybit Unveils EcoGalaxy: Mantle Surge, Featuring the Largest MNT Prize Pool with Up to 1,000,000 MNT in Airdrops

Published

3 hours ago

March 6, 2025

CISION (PR Newswire)

bybit-unveils-ecogalaxy:-mantle-surge,-featuring-the-largest-mnt-prize-pool-with-up-to-1,000,000-mnt-in-airdrops

DUBAI, UAE, March 6, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to launch an interactive event boasting the largest-ever MNT prize pool, offering up to 1,000,000 MNT in airdrop rewards. Designed to provide a seamless transition from centralized exchanges (CEX) to Web3, the event challenges participants to strategize their way to the top while unlocking exciting rewards.

Running from March 6, 2025, at 10 AM UTC to March 27, 2025, at 10 AM UTC, EcoGalaxy: Mantle Surge spans five competitive leaderboard rounds, offering an evolving prize pool that rewards both strategy and engagement.

How to Participate

Participants must register for the event to begin earning rewards.
Wishes can be collected by completing simple tasks, increasing the chances of winning prizes.
Wishes can then be used to spin the lucky draw or climb the leaderboard for larger rewards.
The event features five leaderboard rounds, each offering progressively bigger prize pools.

How It Works

Participants earn Wishes by completing tasks and can choose between two distinct gameplay options:

Lucky Draw – A chance-based game offering substantial rewards.
Leaderboard Competition – Stake Wishes to climb the leaderboard and compete for even greater prizes.

Once used, Wishes cannot be reused, making every decision crucial. The key to success lies in choosing between luck and strategy to maximize rewards.

Trade, Hold, and Get On-Chain with Mantle

Interacting with the Mantle ecosystem – whether through trading, holding, or engaging with on-chain activities – unlocks additional earning opportunities. MNT holders may benefit from exclusive advantages, increasing their chances of securing extra rewards.

For full event details and registration, visit Bybit’s EcoGalaxy: Mantle Surge page.

#Bybit / #TheCryptoArk

About Bybit

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-unveils-ecogalaxy-mantle-surge-featuring-the-largest-mnt-prize-pool-with-up-to-1-000-000-mnt-in-airdrops-302394720.html

Blockchain Press Releases

CoinW and DeriW: Revolutionizing Decentralized Derivatives with Points Reward

Published

5 hours ago

March 6, 2025

CISION (PR Newswire)

coinw-and-deriw:-revolutionizing-decentralized-derivatives-with-points-reward

HONG KONG, March 6, 2025 /PRNewswire/ — Decentralized trading platforms are becoming more vital in the rapidly evolving DeFi ecosystem. In February 2025, CoinW, a leading global cryptocurrency exchange, announced the launch of DeriW, its decentralized derivatives trading platform. Accompanying this is an innovative trade mining program. The launch underscores CoinW’s commitment to blockchain innovation and provides on-chain users to participate with zero-cost and high returns.

DeriW has gas-free transactions, up to 80% annualized LP returns, and an industry-leading throughput of 80,000 transactions per second (TPS). It is backed by CoinW’s seven years of operational expertise and represents a paradigm shift in derivatives trading infrastructure.

Ushering in a New Era of DeFi

DeriW pioneers gas-free decentralized derivatives trading using Rollup technology and a seamless Layer 3/Layer 2 architecture. It inherits Ethereum-level security with full on-chain transparency.

With its array of novel functionalities, DeriW distinguishes itself within the decentralized exchange (DEX) arena. It is further bolstered by the technical expertise and reputable brand that CoinW provides.

Recognizing the need for user-friendly decentralized platforms, CoinW’s technology team spent years developing DeriW to provide a smooth, centralized exchange experience in a decentralized space.

Key differentiators:

Gas-Free, High-Throughput Trading: Eliminates gas fees while achieving 80,000 TPS and millisecond confirmation speeds, rivaling centralized exchanges through optimized on-chain mechanisms.
PendulumAMM for Optimal LP Returns: A proprietary automated market maker dynamically allocates liquidity, delivering up to 80% APR for LPs and enabling zero-slippage trading across hundreds of assets.
Secure, High-Leverage Platform: Offers up to 100x leverage trading with non-custodial wallets and audited smart contracts, ensuring institutional-grade security across diverse asset offerings.
EVM-Compatible Layer 3 Ecosystem with Cross-Chain Potential: Enables one-click token launches and smart contract deployment, with future cross-chain bridges promising seamless interoperability.

DeriW’s innovative approach to trade mining goes beyond simply breaking DeFi technology barriers. It actively returns value to CoinW ecosystem participants.

The platform acts as a bridge connecting CoinW’s centralized and decentralized services for users of all levels. It opens new pathways to increase wealth.

The integration system releases DeriW ecological potential

To celebrate the launch of DeriW, we are launching the Bonus Points campaign, which aims to distribute $6,600 DER points through user transactions, further incentivizing community engagement and contributing value back to the CoinW ecosystem. Aimed at the average user, the campaign is simple to understand and rewarding:

The activity is divided into two modules: ladder task and basic airdrop. After the user completes the corresponding task, it will be airdropped to the user’s address after the main network is online:

1. Basic task Level 1: Users only need to connect the wallet or create Deriw wallet, receive test coins, and complete the first transaction ≥ 1000 USDT, to get 100 DER rewards;

2. Ladder task: Divided into three levels according to cumulative trading volume and holding days:

a. Level 2:500 DER tokens for trading volume ≥ 100,000U and holding position for 1 day;

b. Level 3: Trading volume ≥ 500,000U, holding position for 2 days, reward 1000 DER tokens;

c. Level 4:5000 DER tokens for trading volume ≥ 1 million U for 4 days.

Through the integration activities, DeriW organically combines user trading income, LP capital pool return and commission incentive to build a multi-win ecological closed loop. All of this can not be achieved without CoinW’s technical and operational strength as an industry leader.

DeriW Rewards participants will not only enjoy the technical dividends of DeriW, but also be deeply integrated into CoinW’s global layout and share the growth opportunities of the DeFi 2.0 era.

The Future of Decentralized Trading is Here

DeriW’s launch not only signifies a technological advancement for CoinW in the field of decentralized trading. It also serves as a catalyst for on-chain ecosystem growth.

It delivers an unprecedented DEX experience and invigorates the CoinW ecosystem with its trade mining program. DeriW integrates zero-cost trading, high-speed performance, and an open ecosystem.

From users pursuing low-cost transactions to on-chain experts seeking to expand their income through generous rebate programs, or DeFi enthusiasts optimistic about the future, DeriW and CoinW open doors to a world of possibilities.

With the 2025 mainnet launch and $DER token listing imminent, DeriW is set to redefine decentralized derivatives markets. CoinW invites participants across the blockchain spectrum to join this new era of value creation as it bridges centralized and decentralized finance.

About CoinW

Founded in 2017, CoinW is a globally trusted cryptocurrency exchange serving over 13 million users in 14 countries. With cutting-edge technology, advanced security, and a focus on empowering blockchain innovation, CoinW supports communities worldwide in realizing the transformative power of digital assets.

Website: https://www.coinw.com/
Twitter Official: https://twitter.com/CoinWOfficial
Telegram: https://t.me/coinwoff
YouTube Official: https://www.youtube.com/@CoinWOfficial
Linkedin: https://www.linkedin.com/company/coinwofficial/

About DeriW

DeriW is the first zero-gas-fee decentralized perpetual contract exchange, blending Ethereum’s security with Layer 3 scalability to deliver CEX-like efficiency in a decentralized framework. Operated by CoinW’s seasoned fintech team, it redefines trading with 80,000 TPS throughput, ensuring speed, transparency, and trustless execution.

Website: www.deriw.com
Twitter: @deriwfi
Telegram: https://t.me/deriwfinance
Discord: https://discord.com/invite/deriwfinance

The future of decentralized trading is not coming – it has arrived.

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View original content:https://www.prnewswire.co.uk/news-releases/coinw-and-deriw-revolutionizing-decentralized-derivatives-with-points-reward-302394618.html

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