Blockchain Press Releases
Bybit Web3 Announces Upcoming IDO for LayerNet, a Pioneering Telegram-Based Play-to-Earn Game
DUBAI, UAE, July 18, 2024 /PRNewswire/ — Bybit, the world’s second-largest web3 platform by trading volume, today announced an upcoming Initial DEX Offering (IDO) for LayerNet ($NET) on its Web3 platform. This will be Bybit Web3’s first IDO after successfully refreshing and launching its IDO 2.0 offering, with an industry-first refund policy and new game and reward mechanics.
LayerNet: Building the Gaming Layer on Telegram
LayerNet introduces an innovative concept – a gaming layer built directly on Telegram. Through Netcoin, their flagship play-to-earn (P2E) game, users can compete against AI opponents and earn rewards. $NET serves as the primary utility token within the LayerNet ecosystem, powering in-game transactions and functionalities.
“LayerNet is committed to building the Gaming Layer within the TON ecosystem, aiming to provide users with a unique gaming experience. Its flagship product, NetCoin, is a mini-game that allows users to easily earn rewards with a click, gaining points through simple actions.”
“NetCoin is just an appetizer. LayerNet’s future plans include building the L2 network for TON and designing an SDK for game development. This will enable deeper integration of the TON blockchain features with Telegram’s extensive user base in gaming,” said Alex, COO of LayerNet.
IDO Stages (All timings are in UTC)
- Subscription Period: 18 July 2024, 10AM to 25 July 2024, 10AM
- Lottery Draw: 25 July 2024, 10AM to 25 July 2024, 10.15AM
- Redemption: 25 July 2024, 10.15AM to 26 July 2024, 10AM
- First Come First Serve Round (FCFS): 26 July 2024, 10.10AM to 26 July 2024, 11.10AM
Token Details
- Token: $NET
- Total Allocated to Bybit IDO: 15,000,000
- Total Supply: 800,000,000
- Chain: ETH
Eligibility Requirements
- Users must hold a Bybit Cloud Wallet to participate in the IDO. Please ensure that there is enough gas fee for transactions.
- Maximum number of winners: 1,500
For detailed information on the IDO process and eligibility requirements, please visit the Bybit Web3 page: https://www.bybit.com/en/web3/ido
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 10 million wallet users, over 10 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 33 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
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-web3-announces-upcoming-ido-for-layernet-a-pioneering-telegram-based-play-to-earn-game-302200564.html
Blockchain Press Releases
Race to the Top: Bybit Adds $1 Million to WSOT 2024 Prize Pool – Final Days to Register!
DUBAI, UAE, Oct. 18, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, makes another statement in rewarding excellence in trading. The exchange has added 1,000,000 USDT for top performing squads in the World Series of Trading (WSOT). This latest boost will reward 27 additional teams on the Squad Leaderboard and Regional Squad Leaderboards, giving more squads a better chance to claim exclusive rewards up to 10% of the total WSOT prize pool.
From now to Oct. 31, 10AM UTC, the best performing squads may get a head start in their race to unlock a 1,000,000 USDT prize pool. The prestigious prizes are reserved for elite players for a limited time only. Expanding the rewards spectrum for extraordinary yield seekers outside of the top ten and top three lists, the freshly unlocked prize pool gives more high-performing teams their due recognition, and a chance to secure bigger awards.
New Booster Prize Pool Breakdown
1.Squad Leaderboard by PnL(%)
- Ranks 11-20: 21,000 USDT per squad
- Ranks 21-30: 16,000 USDT per squad
2.Regional Squad Leaderboards by PnL(%)
- Ranks 4-10 in each region: 10,000 USDT per squad
WSOT 2024: Higher Stakes, Bigger Rewards
Squads leading the competition now face even higher stakes. The last ones standing in top positions throughout the remaining days stand to earn significantly more, thanks to the expanded prize structure.
Since its launch, WSOT has become the premier crypto trading competition, with one breakout year after another. In 2024, the total prize pool increased by 2,000,000 USDT, reaching a record 10,000,000 USDT, making WSOT not only the longest running competition of its kind in crypto, but also the most rewarding rendition by far. With 13 days remaining in the competition period of WSOT, over 70,000 participants have already unlocked more than 60% of the total pool as of Oct. 18.
Final registration for WSOT 2024 closes in two days. Sign up for crypto’s flagship trading competition for a chance to claim a share of the 10,000,000 USDT prize pool: WSOT 2024.
#Bybit / #TheCryptoArk / #WSOT2024
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/race-to-the-top-bybit-adds-1-million-to-wsot-2024-prize-pool–final-days-to-register-302280264.html
Blockchain Press Releases
Grexie Signchain Launches on November 1st, 2024: Enabling Smart Contract Developers to Bring Off-Chain Data On-Chain with Seamless Gas-Paid Signing
Grexie Signchain enables developers to sign off-chain data into smart contracts, with self-hosted or secure vault signer wallet management.
MANCHESTER, England, Oct. 17, 2024 /PRNewswire/ — Grexie Limited proudly announces the launch of its innovative smart contract solution, Signchain, on November 1st, 2024. Designed specifically for developers, Signchain introduces a powerful way to bring off-chain data on-chain through user-paid gas fees and secure signing of data into smart contract methods using its extendable smart contract, Signable.
In the growing landscape of blockchain technology, securely managing off-chain data and integrating it into on-chain smart contracts has posed significant challenges for developers. Signchain eliminates these hurdles by offering a robust, gas-efficient system for signing and authenticating data in real-time.
Key Features of Signchain:
1. Seamless Off-Chain to On-Chain Data Integration
Signchain enables developers to securely bring off-chain data on-chain by signing it directly into smart contract methods through user-paid gas fees. This integration ensures that data authenticity is preserved, and its entry into the blockchain remains tamper-proof, streamlining processes for industries relying on real-world data verification. Signchain also supports integration with Google Sheets, AWS, and Firebase, making it easy to pull data from popular off-chain data sources.
2. Extendable Smart Contract – Signable
The core of Signchain’s technology is its extendable smart contract, Signable, which allows developers to customize and build upon existing smart contracts. With Signable, developers can easily implement contract signatures for any data type, offering flexibility across industries from finance to logistics and beyond.
3. Signer Wallet Management
Signchain offers comprehensive signer wallet management as part of its service, empowering developers to manage and authenticate signers effectively. Wallets can either be self-hosted using Signchain’s Docker container for those who prefer their own infrastructure, or they can leverage Signchain’s network of secure vaults for maximum security.
4. Self-Hosted or Managed Service
For developers who want full control of their infrastructure, Signchain provides a self-hosted option via Docker containers, allowing them to deploy the platform on their own servers. Alternatively, developers can opt to use Signchain’s secure vault network, offering a hassle-free solution with enterprise-grade security and wallet management.
5. User-Paid Gas Fees
By integrating a user-paid gas fee model, Signchain allows users to cover the costs of signing and authenticating their data, ensuring the signing process is efficient and doesn’t overburden developers with additional expenses. This makes Signchain an ideal solution for dApps and platforms handling high transaction volumes.
6. Google Sheets, AWS, Firebase Integration with Serverless Model
Signchain supports integration with Google Sheets, AWS, and Firebase in a serverless model, powered by a hosted Sign In With Ethereum (SIWE) implementation provided by Signchain’s API. Developers can simply connect their Google Sheets and configure the contract parameters associated with each column. Signchain will automatically look up the user’s wallet address in the spreadsheet, sign the transaction data, and execute it in the blockchain along with any user-supplied parameters. This creates an easy, efficient way to manage data inputs from off-chain sources without heavy infrastructure setup.
Revolutionizing Smart Contract Workflows
With Signchain, developers now have the tools to handle the complexities of integrating off-chain data into smart contracts. The extendable nature of Signable offers flexibility, allowing developers to cater to various use cases, whether it’s automating financial transactions, supply chain data, or verifying legal agreements.
Tim Behrsin, CEO of Grexie Limited, said, “Signchain is more than just a signing solution—it’s a platform that empowers developers to securely integrate off-chain data into their smart contracts with minimal effort. The flexibility of Signable and our focus on signer wallet management offers developers control and security at every stage of the process.”
Why Signchain Matters
Signchain addresses critical challenges faced by developers, particularly those dealing with off-chain data. By signing data into smart contracts and enabling user-paid gas fees, the platform significantly reduces friction in managing secure, scalable smart contracts. Whether developers need to manage high volumes of data transactions or create bespoke smart contracts, Signchain offers a scalable and secure solution.
In industries like DeFi, real estate, and supply chain management, data integrity and security are paramount. Signchain’s secure vault network and customizable signing workflows allow businesses to handle sensitive information with confidence.
Launch Event and Future Developments
The official launch of Signchain will take place on November 1st, 2024, alongside a virtual event. The event will showcase live demonstrations of Signable, with detailed walkthroughs of the Docker-based self-hosted solution and signer wallet management features. Attendees will also get an exclusive preview of future enhancements, including multi-signature workflows and advanced blockchain network integrations.
About Signchain
Signchain is a cutting-edge platform developed by Grexie Limited, based in Manchester, Cheshire, United Kingdom. Signchain simplifies smart contract development by offering a secure, scalable, and customizable solution for signing and authenticating off-chain data on-chain. Developers can either self-host the solution using Signchain’s Docker container or rely on the network’s secure vault infrastructure. With an emphasis on security, flexibility, and developer experience, Signchain is set to transform how smart contracts handle off-chain data.
For more information, visit signchain.net.
Logo – https://mma.prnewswire.com/media/2533672/Signchain_Logo.jpg
Photo – https://mma.prnewswire.com/media/2533843/Signchain_flow.jpg
PDF – https://mma.prnewswire.com/media/2533539/Signchain_Whitepaper.pdf
SOURCE Grexie Limited
Blockchain Press Releases
Bybit Named ‘Best Blockchain Company of the Year’ at Future Enterprise Awards 2024
DUBAI, UAE, Oct. 17, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly announces its recognition as the “Best Blockchain Company of the Year” at the Future Enterprise Awards 2024, organized by Tahawul Tech. This prestigious accolade affirms Bybit’s continued leadership in blockchain innovation, technological excellence, and user-centric services within the cryptocurrency sector.
Hosted by CPI Media Group, the Future Enterprise Awards honor visionaries across industries shaping the future through transformative technologies. Bybit’s recognition reflects its pivotal role in redefining the digital finance landscape, catering to the needs of both retail and institutional investors with robust solutions and a trusted crypto trading ecosystem.
Recognized for its state-of-the-art infrastructure and unwavering commitment to innovative products, Bybit has positioned itself as a trailblazer in advancing blockchain technology and the digital asset economy. This award highlights the exchange’s ongoing efforts to deliver top-tier security, liquidity, and innovative tools that empower users and institutions alike.
“This award is a testament to our team’s relentless drive toward innovation and customer-first solutions in the dynamic blockchain space. We are honored to receive this recognition, which reaffirms our mission to make blockchain technology accessible, secure, and impactful for users across the globe,” said Joan Han, Sales & Marketing Director at Bybit. “As we move forward, we remain dedicated to enabling the mass adoption of blockchain and building the future of digital finance.”
Bybit’s commitment to advancing cryptocurrency services is evident through its continuous introduction of innovative features, such as high-performance trading tools, enhanced liquidity options, and a secure, user-friendly platform. With over 50 millions of users worldwide relying on Bybit, the platform stands as a trusted leader in creating a sustainable and inclusive future for blockchain technology.
#Bybit / #TheCryptoArk
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-named-best-blockchain-company-of-the-year-at-future-enterprise-awards-2024-302279423.html
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