Blockchain
LBank Exchange Will List iBNB on November 11, 2021
Internet City, Dubai–(Newsfile Corp. – November 9, 2021) – LBank Exchange, a global digital asset trading platform, will list iBNB on November 11, 2021. For all users of LBank Exchange, the iBNB/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on November 11, 2021.
Figure 1: LBank Exchange Will List iBNB on November 11, 2021
In recent years, DeFi (decentralized finance) has become one of the most important parts of crypto world, and lots of tools and platforms have emerged for people to participate in DeFi. As the first dynamic DeFi token, iBNB is trying to revolutionise decentralised finance, and it will be listed on LBank Exchange at 21:00 (UTC+8) on November 11, 2021, to further expand its global reach and help it accomplish its mission.
Introducing iBNB
iBNB was coined and traded as the first dynamic DeFi token, the word dynamic here refers to a transaction fee mechanism which is adaptive: it ensures healthy liquidity and maximize dividends. Its Dynamic Transaction Protocol (DTP-3) dynamically adjusts the balance and distribution of transaction fees towards liquidity and dividends according to the health of liquidity with respect to the market capitalisation.
With a dividend pool generating protocol built on the BSC, iBNB aims to revolutionise the volume-to-BNB pool refill rate that has seen other tokens lose value during sustained periods of low volume. In summary, iBNB focuses on prioritising the replenishment of the dividend pool while also maintaining a healthy amount of liquidity in the PancakeSwap AMM liquidity pool for trading.
The nBNB Network
Every other “reward token” utilizes the transaction fees based on its own trading volume. The problem with this is that it requires continuous exponential growth to provide fruitful and consistent ROI from dividends, which is simply unsustainable and considered highly unrealistic within any financial market. To solve this problem, iBNB team introduced the nBNB network.
A long-term goal of iBNB is the expansion of the nBNB network. The nBNB network is a network of partnerships and internal projects. It provides iBNB community of investors with safe investment opportunities. nBNB provides support to unique and promising projects seeking an audience and most importantly, accompany them on the road to success.
The iBNB Bank
The iBNB Bank is the central investment management entity within the iBNB Ecosystem. As central receiver of high-volume transaction fees from the nBNB Network and exchanges, the iBNB Bank intelligently manages money through smart-contracts, quantitative algorithms, DeFi protocols, and strategic investments.
The iBNB Bank will benefit from fees of every token on the nBNB network regardless whether they are traded on DEX or on CEX. The sum of all those inflows will support the iBNB dividend pools with high-volume cash-flows. This setup of the connected ecosystem (nBNB Network to The iBNB Bank to iBNB Dividend Pools) is a world-first and prepares iBNB for Grand moves in crypto. nBNB network goal for 2023 is to include 25 partner tokens. This means, roughly 25 projects will contribute to the Bank, with an average of 1.5% per transaction, per project, per exchange, with unprecedented cash-flows to the Dividend Pools of iBNB, ready to collected by iBNB investors.
The listing of iBNB on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about iBNB Token:
Official Website: https://ibnb.finance
Twitter: https://twitter.com/iBNBfinance
Telegram: https://t.me/IBNBFinance
Whitepaper: https://whitepaper.ibnb.finance/
Listing Announcement on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/4409155122841-IBNB-will-be-listed-on-LBank
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:
l Facebook
l Twitter
l LinkedIn
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/102635
Blockchain
Exverse debuts its token on Bybit ahead of the FPS game’s launch
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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Blockchain
39% of Canada’s institutional investors have exposure to crypto: KPMG
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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