Blockchain
MoneyTree Announces the Launch of Its NFT Store on Lootex
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.
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.
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/
Source : Money Tree
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101141
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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