Blockchain
Devolution Announces a Revolutionary Platform for Collect, Earn and Win
Cape Coral, Florida–(Newsfile Corp. – November 8, 2021) – Devolution has recently announced a platform for Collect, Earn and Win. Devolution takes you on a journey far into space, on the moon planet of Callisto which is populated by these unique, never seen creatures with unique abilities. Join in the adventure, explore Callisto and collect your favorite Evomons, train and evolve!
Figure 1: Devolution Announces a Revolutionary platform for Collect, Earn and Win
What is Devolution?
Devolution is the next gem METAVERSE. Devolution is an online 3D PVE/PVP/P2E game that connects players across the world. The players can fight each other with their Evomons. Not only these Evomons will be free in the game, but there will be multiple evolution forms for each Evomon, some of which can be purchased from the In-Game store which will automatically award you an NFT.
Devolution plans to host their own NFT marketplace in the near future. Players can also grab the NFTs through the devolution box, raffles, or by trading. There are currently three rarity levels for Evomons: Normal, Rare, and Very Rare.
Why is Devolution bound to succeed?
Gaining popular attention early on with the release of $DeVo, an online game where people buy and sell cats that continually have different combinations of genes leading to rare or desirable appearances.
Many games have been released since then with similar concepts, allowing people to purchase game items as if they were trading cards packs. These successful games illustrate the economic potential that $DeVo will create for games based on it. The Idea behind NFT is not new but was coined when $DeVo became one of the best-selling apps, showing how individuals might want to collect certain types of tokens rather than just be able to exchange them as fungible tokens.
Games like Devolution provide another utility to these NFTs. It gives the people something else to collect outside the traditional cards while providing a level of uniqueness among each item being sold within the Marketplace.
Devolution has already released four of their Evomons: Flokimon, Verdomon, Metamon and Trustmon. Each of these Evomons has three different evolutions; some Evomons will also have special evolution that goes beyond the Legendary Evolution.
Tokenomics and supply:
With a total supply of 1,000,000,000 $DeVo tokens, there is a total of 10 percent buy tax and a sell tax of 12 percent that further breaks down into:
Buy TAX 10 Percent:
5 percent goes to the development and marketing
1.5 percent will be used for In-game Rewards
3.5 percent will be sent to liquidity to keep it stable
Sell TAX 12 Percent:
4 percent goes to the development and Marketing
1.5 percent will be used for In-game rewards
4 percent will be sent to liquidity to keep it stable
2.5 percent will be used for Buybacks
Devostore, Devonator & Devolution box
Devostore will be the in-game store where players can buy items that pushes the attributes of an Evomon. The Items can be purchased by paying with $DeVo tokens, which will be burned.
Devonator will provide a breeding function to the player where they can put 2 Evomons to acquire a new random Evomon. It will be a random mechanism, so luck will play a big role in receiving a stronger Evomon.
The Devolution box will offer the players a magic swap. It will allow a trade function where two players can put their NFTs or their Evomons and they will be swapped, both players’ input will be anonymous, and swaps will happen according to the rarity level of the Evomon/NFT that was placed in the devolution box.
What’s in the Future?
The team has big plans ranging from 3D games to the Metaverse, putting emphasis on quality, the team strives to deliver only high-quality games developed using unity and unreal engine. The team spent 10 months planning this game and has already been 2 months in development. They plan to compete with gems like Axie infinity and Binamon. They plan to create 3D NFTs inspired by Digimon. The team has already hired marketing companies that are cooperating in the public outreach and they are also in talks about listing on some well-known exchanges. The potential of multiplication is very high. Call it, Next safemoon .
Devolution is currently in the presale phase and you can win a whitelist spot by participating in their Sweepwidget contest (check the attached links for more information). After the whitelisted presale you have the chance to contribute in the public presale. Devolution presale will take place on November 12, 2021.
Sweep Widget: https://sweepwidget.com/view/38254-5x31rw2p
Twitter – https://twitter.com/Game_Devolution
Twitch – https://www.twitch.tv/devolution_game%20
Telegram – https://t.me/DevolutionOfficial
Instagram – https://www.instagram.com/devolutionofficial/
Youtube – https://www.youtube.com/channel/UCdSflCq0w-w22DTYmxXUodw/featured
Media Details
Company: Devolution GmbH (soon)
Email: [email protected]
Website: https://devolution-world.com/
PR Contact:
Dave Ruiz
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102501
Blockchain
P2 Ventures Commits $50M Via Hadron FC to Startup Founders in Polygon Ecosystem
Last year, P2 Ventures emerged as a distinct entity from Polygon Labs, with a focus on blockchain investments. Now, it’s earmarking funds and providing mentorship to bolster project founders, particularly those concentrated on the Polygon blockchain ecosystem. A contributor from Hadron FC remarked that the community offered the perfect blend of “capital and vibes.”
P2 Ventures, a venture capital firm with a blockchain emphasis, was established late last year as a separate entity from developer Polygon Labs. It has pledged $50 million to support startup founders, potentially igniting fresh initiatives within the Polygon ecosystem.
The investment from P2 Ventures will be channeled to founders via Hadron FC, a program tailored for founders with hubs in Dubai and New York, according to a press release. This program encompasses mentorship, legal and regulatory guidance, networking opportunities, and “comprehensive assistance in navigating the complexities of startup development and fundraising,” the release stated. Among the initial 36 projects onboarded, several participated in a week of collaborative efforts at the Dubai facility. Shreyansh Singh, head of investments at P2 Ventures, expressed confidence in Hadron Club’s unparalleled capacity to nurture the aspirations of forward-thinking founders within the Polygon ecosystem.
Ajit Tripathi, a core contributor at Hadron FC, noted that the community provided the ideal mix of “support, capital, and ambiance.”
Initially part of Polygon Labs, the principal developer of various Polygon layer-2 networks built on Ethereum, P2 Ventures transitioned into an independent unit with its own 10-person team late last year, rebranding itself as P2 Ventures.
Source: coindesk.com
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Blockchain
Blockchain sleuth uncovers identity of PrismaFi’s hacker, who stole $11m
Blockchain investigator ZachXBT uncovered the purported perpetrator behind the PrismaFi breach, which resulted in the protocol losing $11.1 million worth of cryptocurrency. Through a series of posts, ZachXBT disclosed that the individual behind the attack, identified as 0x77 (or Trung), may be connected to several other breaches.
The Prisma team initially detected a sequence of transactions on the MigrateTroveZap contract in March, ultimately resulting in a loss of 3,257 ETH (equivalent to $11.1 million at the time). Initially, the attacker communicated with the Prisma deployer, claiming the attack was a white-hat initiative. However, all funds were subsequently transferred to Tornado Cash, a sanctioned cryptocurrency mixer.
The attacker then made audacious demands, including a $3.8 million (34%) white-hat bounty, significantly higher than the industry standard of 10%, as noted by ZachXBT, who highlighted that this demand was essentially extortion, given the insufficient assets in the treasury to reimburse users.
Further investigation revealed that the attacker’s address received funds via FixedFloat and was subsequently traced to Arbitrum, a layer-2 solution on Ethereum. By analyzing timing, ZachXBT determined that the attacker’s address was linked to withdrawals on TRON, including those from the Bybit cryptocurrency exchange.
The investigation also unveiled connections to prior breaches, such as the Arcade_xyz breach from March 2023 and the Pine Protocol breach from February of the current year. The attacker, utilizing the alias 0x77 on Telegram, remained active and had ties to the deployer of @modulusprotocol, further solidifying the connection between each incident.
Furthermore, the investigator disclosed conducting an analysis of the attacker’s personal information, including phone numbers and emails, which indicated a proficient technical background. All collected personal data has been forwarded to the Prisma team, who are pursuing legal action against the hacker in Vietnam and Australia, ZachXBT added.
Source: crypto.news
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Blockchain
Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai
During a discussion among industry leaders at the Blockchain Life conference in Dubai, Bybit CEO Ben Zhou emphasized the preparedness and sophistication of contemporary cryptocurrency exchanges (CEXs). Zhou, who co-founded Bybit in 2018, now stands at the helm of one of the world’s top three exchanges by trading volume.
At the event, Zhou shed light on various facets that underscore the current era of crypto maturity. “From Bybit’s standpoint, this ongoing bull market has been primarily propelled by institutional involvement… Our collaboration with third-party custodians like Copper and Fireblocks led to a 186% increase in institutional capital flows last year,” Zhou noted. He highlighted the pivotal role of enhanced infrastructure and the approval of Bitcoin spot ETFs in facilitating institutional participation in the crypto market.
Zhou has overseen meticulous upgrades to Bybit since the previous crypto bull run in 2021, enabling institutional investors to deploy larger capital pools. “Bybit boasts a highly versatile trading system that accommodates trading of any token against any other,” Zhou remarked during his live address on the main stage. “This affords our institutional clients a plethora of tools, enabling them to engage in spread trades, arbitrage funding rates, and various sophisticated trading strategies. This capability has facilitated the influx of new capital into the crypto space.”
Furthermore, Zhou highlighted the evolution of service reliability amidst market volatility. “Our risk management and system resilience have undergone continuous enhancements,” he affirmed. “Even during turbulent market conditions, Bybit maintains its stability.” This stability serves as a testament to the advanced infrastructure supporting both institutional investors and the exchange’s 25 million retail users.
Zhou also emphasized Bybit’s efforts to empower retail clients with access to products that simplify sophisticated trading strategies. “We offer a unique product known as perpetual protect, which utilizes options contracts to safeguard perpetual positions from losses,” Zhou explained. “Additionally, our advanced Unified Trading Account (UTA) design provides traders with a competitive edge in the market.” These initiatives aim to demystify derivatives and options, making complex financial instruments more accessible and comprehensible to a broader audience.
As the crypto market continues to mature, Bybit remains at the forefront, spearheading innovations that align with evolving market trends and regulatory standards. This proactive stance not only signifies a significant milestone for Bybit but also underscores the overall advancement of the crypto exchange industry.
Source: prnewswire.com
The post Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai appeared first on HIPTHER Alerts.
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