Blockchain
MagicDoge Set To Unify E-Commerce
Cape Coral, Florida–(Newsfile Corp. – November 1, 2021) – MAGIC DOGE is a state-of-the-art cryptocurrency that strives to unify all major eCommerce platforms, allowing consumers to enjoy online shopping seamlessly, securely, and cost-effectively. It will serve as the bridge between the crypto space and the centralized physical world to enable consumers who previously couldn’t shop while using their digital assets. Using the technology infrastructure offered by Magic Doge, digital asset users would now be able to shop across their favorite major products and enjoy free shipping with up to 10% discounts.
Figure 1: The Magician Is Here With MagicDOGE!
When it comes to real-life situations, consumers regularly face the issue of where they can use their cryptocurrencies and how they can turn their crypto holdings in Fiat. Unlike fiat, it is difficult for Merchants and Consumers to understand how transactions work in cryptocurrency payments, whether it’s because why of the volatility of cryptocurrencies or just the fact that the blockchain is still very new to the masses, giants like Amazon, eBay, and Walmart still do not accept payments in crypto. Magic Doge is the solution to this crisis, offering a more comfortable, secure, cost-effective way to shop online, being a blockchain-based platform that strives to revolutionize modern age online shopping by enabling digital assets as a payment method.
Magic Doge being a yield-generating contract on the Binance Smart Chain (BSC), consumers get rewarded in BNB by default or in a coin of your choice (Ethereum, bitcoin, matic, etc.).
Magic Doge is a BEP-20 token offering minimal transaction fees, the token contract employs a static tax of 12 percent on a buy and 18 percent on a sell. The extra 6 percent tax on sell discourages sellers and aids in increasing the buying pressure. This kind of tax difference in buys and sells encourages diamond hands as they get rewarded for holding from tax on every sell. The tax is further used to reward the Holders and add more liquidity:
12% on a buy
8 percent in BNB Rewards
2 percent to the Liquidity
2 percent to Marketing
18 percent on a sell
10 percent in BNB rewards
4 percent to the Liquidity
4 percent to Marketing
Magic Doge also allows their holders to request their rewards in coins other than BNB, like instead of choosing BNB, you can get the equivalent reward in the token of your choice, for example, Ethereum.
Unique Redistribution Mechanism
Magic Doge offers a unique redistribution system called the MAGIC DOGE PROTOCOL, this protocol eliminates the need to connect your wallet manually to the website, thus removing the time constraints for the holders to return frequently to manually claim their rewards.
The Magic Doge protocol auto-claims the rewards for every single holder, for example, You bought Magic Doge, the rewards are generated when you hold your tokens for at least 60 minutes. Once you are holding your tokens you will begin to receive rewards every 60 minutes in the form of BNB or any other coin of your choice that you can select from their user-friendly dashboard.
There is also an Ant-Sell Off feature in place that allows the holders to sell only 99 percent of their tokens. This kind of tax difference in buys and sells encourages diamond hands as they get rewarded for holding their token from the tax that is placed on each sell. This feature makes it impossible to empty your wallet no matter how little the amount is. You will always be a holder as you can only sell 99 percent of your balance at any point in time.
Behind the scenes
When a user is processed, the contract checks for how many withdrawable dividends they have. The number of holders that are processed through each transaction is dynamic, and based on transaction size. Holders then receive dividends from the queue based on their proportion in the database. It’s a fair and fully automated system. The minimum token balance to be eligible for the user to receive the BNB distribution is 30 billion MagicDOGE.
Anti-Dump(whale) Mechanism
To provide a fairground to all the investors, big and small, there is an Anti-Dump/Whale mechanism in place to reduce swing trading and break whale control. Sells larger than 0.1 percent of the total supply on a single transaction will be rejected.
Unifying all Ecommerce platforms
MagicDOGE serves as the bridge between centralized and decentralized shopping experience, with the technology infrastructure offered by our Shop website “Joker.shop,” enabling consumers to purchase thousands of popular products from any country and have them ship to your, such as Electronics, Fashion, Home & Garden, Toys & Sports, Automobiles and more.
Future
The project has a lot planned and published on their roadmap. CEO, Andrei Cojocari says, “Our competent team has the knowledge, drive, and aptitude capable of scaling any crypto to the moon and beyond.” The team is currently building a SWAP/DEX that will not only have all the ordinary features of a dex but also has advanced features like an Automatic Stop Loss. MagicDOGE is due to be listed on their first Centralized Exchange (CEX), P2PB2B on November 1st, 2021.
Marketing
The marketing team behind the project is highly efficient. They were able to build enough hype for the project before the launch that their Hard cap of 1500 BNB for their Initial Coin Offering (ICO) was filled in less than 5 minutes. They were listed on Coinmarketcap within 2 days, whereas Coingecko listing came through on day 3. They have already distributed 1650 BNB in rewards. Currently, they have over 8000 holders with a 2 million dollar Market Cap.
MagicDOGE is taking steps to solve real-world problems. The project has a great vision to unify centralized e-commerce with a decentralized payment system, with a team that has the knowledge, drive, and aptitude to deliver what they promised. Apart from the rewards, they are also giving away a Bentley Bentayga or $190,000 equivalent to their loyal holders.
It truly is magical to hold MagicDOGE!
Website: https://magicdoge.net
Telegram: https://t.me/magicdogeofficial
Twitter: https://twitter.com/MagicDogeToken
Media Contact:
MagicDOGE
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101589
According to a report from Crypto Daily, the founder of Cardano, Charles Hoskinson, expressed a sentiment that the cryptocurrency industry does not aim to “set the world on fire.” This statement reflects a broader perspective on the role of cryptocurrency and blockchain technology in the global economy and society.
Hoskinson’s remark suggests that the cryptocurrency industry is not solely focused on disruptive or revolutionary change but rather on providing innovative solutions to existing challenges and improving upon traditional systems. This viewpoint underscores the belief that cryptocurrencies and blockchain technology can coexist and collaborate with established financial and technological infrastructures, rather than seeking to replace them entirely.
By emphasizing a collaborative approach, Hoskinson highlights the potential for cryptocurrencies like Cardano to complement existing financial systems and contribute to positive developments in various sectors. This includes areas such as finance, governance, healthcare, and supply chain management, where blockchain technology can offer enhanced security, transparency, and efficiency.
Overall, Hoskinson’s statement reflects a pragmatic and inclusive perspective on the role of cryptocurrency in society, emphasizing the importance of cooperation and collaboration in driving meaningful progress and innovation. As the cryptocurrency industry continues to evolve, this mindset is likely to shape its trajectory and impact on the broader economy and society.
Source: cryptodaily.co.uk
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Blockchain
Pantera Capital Targets $1 Billion for New ‘All-in-One’ Blockchain Fund Set for 2025 Launch
Pantera Capital aims to raise $1 billion for its new all-in-one blockchain fund, slated for launch in 2025, as reported by Bitcoin.com. This ambitious fundraising goal underscores Pantera’s confidence in the potential of blockchain technology and its commitment to supporting innovative projects in the space.
The new blockchain fund from Pantera Capital is designed to be a comprehensive investment vehicle, providing exposure to a wide range of blockchain-related assets and opportunities. By offering a diversified portfolio of investments, the fund aims to capitalize on the growth and development of the blockchain ecosystem while managing risk effectively.
Pantera Capital’s decision to launch a new blockchain fund reflects its bullish outlook on the long-term prospects of the blockchain industry. With increasing mainstream adoption and institutional interest in cryptocurrencies and blockchain technology, Pantera sees significant opportunities for growth and value creation in the coming years.
The $1 billion fundraising target for the new blockchain fund is indicative of Pantera’s confidence in its ability to attract capital from investors seeking exposure to the burgeoning blockchain market. As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to capitalize on the growing demand for blockchain-related investment opportunities.
Overall, the launch of Pantera Capital’s new all-in-one blockchain fund represents a significant development in the blockchain investment landscape, offering investors a comprehensive vehicle for gaining exposure to the rapidly evolving blockchain industry. As the fund prepares for its launch in 2025, it is poised to play a key role in shaping the future of blockchain investment and innovation.
Source: news.bitcoin.com
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Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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