Connect with us
European Gaming Congress 2024

Blockchain

Elonagotchi Launches NFT Token Built on the BSC Blockchain, Aims to Merge Retro Tamagotchi Game

Published

on

Toronto, Ontario–(Newsfile Corp. – November 10, 2021) –

Figure 1: Elonagotchi launches NFT token built on the BSC Blockchain, aims to merge retro Tamagotchi game

The Story of the Game

Elonagotchi centers on the main character, Elon, who has used neural ink to import his mind into his favorite childhood game as a joke to the world. Unfortunately for him, he’s now trapped and unable to find his way out. His only chance of escaping is to get to his moon base, Space XM, where his best technology is hidden away.

Advertisement
Stake.com

The Mission for Gamers

Your mission as a gamer is to save Elon. To do this, you play and win tokens based off your Elon score. Play hard, earn harder. Competitive play will offer chances to win special Elonagotchi NFTs.

The Team Vision

The Elonagotchi team is passionate about the project and is raising funds to complete game development and create a thriving ecosystem that brings back the nostalgia of the 1990s in the exciting new era of cryptocurrency. The team is dedicated to solving the issue of low rewards for holders, through injecting the profits using real-world techniques used by successful businesses every day.

Giving Back to the Community

Advertisement
Stake.com

Elonagotchi profits in multiple ways in various currencies. It doesn’t discriminate when it comes to payment.

All profits go back into the token, increasing the market cap even by non-cryptocurrency holders such as fear app Stor monetization. This is done to broaden the reach of people able to contribute to the token, increasing the amount of money going into crypto even when people do not participate in crypto market.

Due to profit injections, reflections act as a dividend to the holder in the form of BUSD reflections at 8% of all transactions. These reflections are dispersed amongst Elonagotchi holders; they do not go to any contracted wallet.

DAO governs the business wallet, ensuring the wallet cannot be used for nefarious reasons and allowing holders to plan.

About Elonagotchi

Advertisement
Stake.com

Elonagotchi is a gaming / NFT token built on the BSC blockchain aiming to merge retro Tamagotchi game. Play to earn is a new fun way to earn a passive income stream while having a good time.

Social Media Handles:

Twitter: https://twitter.com/elonagotchi

Facebook: https://facebook.com/Elonagotchi-111241931339549

Telegram: https://t.me/elonagotchi

Advertisement
Stake.com

Reddit: https://reddit.com/r/Elonagotchi/

Media Details

Company Name: Elonagotchi

Email: [email protected]

Website: https://www.elonagotchi.com/

Advertisement
Stake.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102880

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Global Fintech Market Size To Worth USD 1009.10 Billion By 2033 | CAGR Of 14.01%

Published

on

global-fintech-market-size-to-worth-usd-100910-billion-by-2033-|-cagr-of-14.01%
Continue Reading

Blockchain

Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

Published

on

legal-luminary-sarah-brennan-champions-pioneering-crypto-regulation-approaches

Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

Advertisement
Stake.com

Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

Advertisement
Stake.com
Continue Reading

Blockchain

Italy Ramps Up Crypto Oversight in Line with MiCA

Published

on

italy-ramps-up-crypto-oversight-in-line-with-mica

Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

Advertisement
Stake.com

This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE