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MoneyTree Announces the Launch of Its NFT Store on Lootex

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London, England–(Newsfile Corp. – October 28, 2021) – MoneyTree, a truly deflationary and fully decentralized gaming token, announced the launch of its NFT store on Lootex. The partnership between the two would allow users to trade all the 1 million MoneyTree NFTs on Lootex. Over 400 NFTs have already been purchased or won in loot boxes. The $MONEY token passively rewards investors with dividends and royalties from sales of the 1 million unique NFTs that Money Tree has generated. The Money Tree token also enters investors into an automatic weekly lottery, at no cost, that pays in BUSD. Users can enter the lottery by simply holding the native token $MONEY and they stand a chance to also win NFTs, the more tokens held, the higher the odds of winning.

The project was launched on 16th October and the first weekly lottery ran on October 22nd and paid over $43k to one holder. MoneyTree has a market cap of $1.2M and approximately 1300 holders.

The NFT frenzy is now upon us as the ecosystem grows into a multi-billion dollar industry. After seeing early collaboration from brands and celebrities, NFTs have now become a favorite in the gaming arena. Where multiple play-to-earn projects hit the market over the last quarter. The latest craze combines the best of the gaming industry with the crypto world. Players earn valuable NFTs and in-game tokens which can be traded on real-world exchanges against other popular cryptocurrency. MoneyTree aims to take the P2E industry to the next level with its mini games and a million NFTs collection.

Money Tree has taken a fully decentralized approach, all the processes happen entirely on-chain with no external inputs or APIs. The project works on top of Binance Smart Chain that makes way for innovation and significantly more resources for developers. The benefit in a decentralized-first mindset is that players & investors can rest assured that no inputs have been tampered with and this allows players to operate in a trustless manner – in line with the overarching philosophy of blockchain.

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MoneyTree Brings the Best of NFT Collectibles and Blockchain Gaming

MoneyTree would launch 3 exciting mini games that can be played for a chance to win more tokens and Loot boxes. These mini games are designed to be statistically fair, meaning that there is no unwarranted advantage to the owners and all players have an equal chance at winning. The mini games incorporates Chainlink’s Verifiable Random Function (VRF) to provide an unbiased and transparent result to all players, which cannot be interfered with by both internal and external sources. The three mini games that would be available at launch include,

  • Numberdome: A mini game where players have to choose 3 numbers between 1 and 5 and try to match them to the numbers generated by Chainlink’s VRF system. It costs a flat fee of MoneyTree tokens to enter and is subject to the valuation of the token.
  • Gridlock: Gridlock is a chance-based game with statistically fair odds of winning. The player chooses their positions on the grid, an unlimited number of tokens can be placed on the grid, in different rows or between grid numbers. Chainlink VRF will be called to determine the winning number. The result will be the same for all players. All bets are burned, winners have tokens minted. This game affects the total supply of the token, but due to the statistically fair nature of the game, the effect will average at 0 with small fluctuations.
  • Versus Mode: VS mode takes current affairs and sporting events and lets one guess the winner or outcome of the event. The player picks their side which they think will win. Their tokens go into the pot. The winning team takes the loser’s pot. The rewards are proportionately distributed according to the individual stake. The game will not be playable around an hour before the event is due to start. Stay vigilant on Telegram, Twitter, and the website for announcements on when this game is due to run, so there is enough time to participate.

Apart from the mini games, the MoneyTree also boasts of one million NFTs hosted on IPFS and pinned with Pinata. There are 5 rarities, 2 NFTs can be burned and combined into one random NFT of a higher rarity. These NFTs can be purchased via built-in marketplace or through purchasing a random loot box, 90% of the $MONEY from NFT purchases are sent to a dividends wallet and the remaining 10% is burned.

MoneyTree Economy and Token System

MoneyTree had no pre-sale to ensure it suits well in line with the principles of decentralization and 90% of the total token supply is put up for liquidity on PancakeSwap, the remaining 10% is assigned to the team. 50% of LP tokens were burned and the other 50% is locked for one month and planned to be eventually used for future exchange listings.

The transaction tax charged is imperative to the overall structure of MoneyTree and is used for several features. In order to run a successful gaming economy, every transaction incurs a 5% tax out of which 2% goes into LP, 2% goes into the lottery as BNB, and 1% goes to marketing as BNB. Unlike other LP tokens, MoneyTree’s automatic LP is owned by the 0x00. Address, not the contract owner. The project utilizes a proxy contract and has plans to implement many more fully on-chain mini-games to further expand on the platform and increase the utility of both the token and the NFTs.

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To learn more about MoneyTree visit Moneytreecoin.io.

Social Links :

Twitter : https://twitter.com/moneytreecoin
Telegram : https://t.me/moneytreecoin
Docs : https://en-guide.moneytreecoin.io/

Media Contact :

Contact Person : Money Tree Admin
Company Name : Money Tree
Email : [email protected]
Website : https://moneytreecoin.io/

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Source : Money Tree

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101141

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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