Blockchain
Elonagotchi Launches NFT Token Built on the Binance Smart Chain, Aims to Merge Retro Tamagotchi Game
Toronto, Ontario–(Newsfile Corp. – November 11, 2021) –
Figure 1: Elonagotchi launches NFT token built on the Binance Smart Chain, 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.
The Mission for Gamers
Your mission as a gamer is to save Elon. To do this, you play and win nfts 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 very passionate about the project. They are 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
Token-based projects tend to suffer the same fate, one pump and a big dump. This is due to the lack of incentive to buy and hold the token as the risk is too high to rely on token purchases alone. This results in a significant sell-off due to a lack of buying pressure and the zero-sum game.
In Elonagotchi, we change that by providing a profit model that ensures token growth not through burn or manipulation but by cash injection into the token itself by selling a product. This is done in two ways; first is through play to earn ticket sales (Moon Missions) and second is fiat game sales through in-game purchases and advertising. In both cases, the profits from the Elonagotchi game will purchase the token to its business wallet.
All holders of the token represent owners in the project proportionately to the percentage amount of tokens held. Because of the tax model, on every transaction, 8% is redistributed as rewards in the form of BUSD. This reward represents dividends to the holders. With profits being injected through product sales, the token becomes self-sustaining, with innate growth not reliant on token purchases. Because the token is autonomous, the token becomes more valuable to investors through a profit-driven increase in token value.
About Elonagotchi
Elonagotchi is a gaming / NFT token built on the Binance Smart Chain, aiming to merge retro Tamagotchi game. Play to earn is a fun, new 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
Reddit: https://reddit.com/r/Elonagotchi/
Media Details
Company Name: Elonagotchi
Contact Name: Elonagotchi
Email: [email protected]
Website: https://www.elonagotchi.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103139
Blockchain
Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
Blockchain
Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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