Blockchain
LBank Exchange Will List Mononoke-Inu on November 8, 2021
Internet City, Dubai–(Newsfile Corp. – November 8, 2021) – LBank Exchange, a global digital asset trading platform, will list Mononoke-Inu on November 8, 2021. For all users of LBank Exchange, the Mononoke-Inu/USDT trading pair will be officially available for trading at 23:00 (UTC+8) on November 8, 2021.
Figure 1: LBank Exchange Will List Mononoke-Inu on November 8, 2021
In recent years, crypto world has continuously embraced meme and gaming cultures, bringing lots of related coins to the market. A project named Mononoke Inu is here trying to fundamentally transform the current meme coin narrative with its native token Mononoke-Inu, which will be listed on LBank Exchange at 23:00 (UTC+8) on November 8, 2021.
Introducing Mononoke Inu
Mononoke Inu was birthed from the idea of true community focus. The team members were inspired by the adventure picture they have loved since childhood and the anime crypto trend served as a catalyst for its release.
The Mononoke Inu team members are advocates of the DeFi space with backgrounds in development, marketing and design. They put their heads together to create Mononoke Inu as a true test of their potential: launching something that fundamentally transforms the current meme coin narrative. Mononoke Inu was launched to bring honesty, commitment and love of the game back to DeFi.
The team’s initial goal was to create a token which brought unity back to DeFi and rebuild the lack of trust between teams and communities. With Mononoke Inu, the team makes a commitment to fulfil every promise, to actively listen to its community and engage them in the greatest possible capacity.
Play-to-Earn Game Under Development
Mononoke Inu’s 2D adventure scroller is currently under development, for accessibility reasons the team has opted for a web based game which can be played on both mobile and desktop.
To ensure its wider target market are encouraged to participate in the game, the team has decided to make it Play-to-Earn. This means that every single player will have financial incentive to play no matter what. Players will earn in a variety of ways including completing levels, defeating bosses and collecting in-game power ups. The in-game power ups will offer various multipliers to an individual’s earnings and will be entirely randomized to further motivate its community to keep playing.
On top of this Mononoke Inu will hold daily competitions, during which the top 3 players of the day will be rewarded. The team believes this will incentivize and motivate players to play every day. This will not only increase its exposure but build more hype and bring more community members.
In addition, the game will also have NFT elements, these NFTs will be in the form of power ups, equipment and characters. Users will be incentivized to collect these NFTs to increase their chances of winning the daily competitions and getting to the top of the game’s leaderboard.
The Tokenomics of Mononoke-Inu
Mononoke Inu taxes 10% on each trade, 1% goes to redistribution, which is for rewarding the holders, investors can simply hold Mononoke-Inu and earn more Mononoke-Inu passively. 5% is for marketing, so the world hears about the Mononoke Inu community on ETH. 4% is for general development, these are all costs regarding project development.
Mononoke Inu has a burning mechanism that burns a specific amount of supply on milestones. Additionally, 4% of the 1% redistribution tax gets burned with every transaction. Currently 4% of max supply has been burned.
The listing of Mononoke-Inu on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about Mononoke-Inu Token:
Official Website: https://www.mononoke-i.nu
Twitter: https://twitter.com/Mononoke_Inu
Listing Announcement on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/4408919930393
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users in more than 210 countries around the world.
Visit us on social media:
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102510
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Blockchain
ASIC cracks down on blockchain mining firms
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
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