Blockchain
GoldenBall Protocol Announces Token Sale on Pancake Swap
Tallin, Estonia–(Newsfile Corp. – November 16, 2021) – Golden Ball Protocol, a community driven, fair launched DeFi token, announced the launch of its token sale on popular DEX platform Pancakeswap. Users can get their hands on the next generation BSC-based utility token that is set to revamp the online betting and gambling industry.
Figure 1: GoldenBall Protocol Announces Token Sale on Pancake Swap
The golden ball token utility will encompass cutting-edge gambling and gaming options. The minimum viable product (mvp) will be rolled out with three tried and tested gambling options that have a track record of securing significant adoption on previous dapps. These tried and tested gambling options, combined with golden ball’s competitive advantages and the golden ball token use cases (both detailed below), will be leveraged to secure early traction of the dapp. Once an early user base has been onboarded, and any potential feedback from these users has been addressed, golden ball will begin to implement more popular gambling options and will eventually progress to implementing proprietary games.
Moreover, golden ball will provide users with the possibility to enter online worlds with thriving virtual economies. Golden ball will roll out online games that enable users to collect virtual items and trade these items on a liquid marketplace. Similar to massive multiplayer online role-playing games (mmorpg) like runescape, participants will be able to compete and interact with others to build digital wealth that can easily be transitioned into other assets. This provides an extremely enticing opportunity in an era where central banks are incorporating excessively expansionary monetary policies, this is particularly pertinent to citizens in areas where their domestic currency is undergoing severe devaluation at the hands of inflation. For instance, venezuelansfarming gold on runescape began earning over ten times the salary of a doctor in the country.
Golden Ball Would Incorporate True Decentralization to Resolve Current Problems
Golden ball has structured the dapp in a manner that avoids the adoption pitfalls of previous generations and helps foster favourable conditions to the technology becoming the leading gambling and gaming dapp. The biggest gaming and gambling coins currently have market valuations of $2.8 billion and $475 million. By securing a leadership position, alongside the bullish growth of the broader digital asset ecosystem, golden ball anticipates that it will grow to have a market valuation greater than the combined $3.3 billion valuation of the current biggest gaming and gambling platforms.
With the imperative of becoming the leading blockchain-based gaming and gambling platform, golden ball will put in place the following structures to secure a competitive edge over incumbent platforms:
Easy setup: users will be able to get started in less than one minute. Golden ball will support a wide variety of Binance smart chain ecosystem wallets, enabling users to simply link their wallets and start betting immediately. No kyc, no restrictions, just gambling.
Openly auditable algorithm: the true fairness of previous gambling platforms has been nebulous, while transactions have been openly auditable on the underlying blockchain, the algorithm behind the gambling games has been hidden. Golden ball will be the first dapp with an openly auditable algorithm, allowing users to verify the fairness of the games they’re participating in.
Seamless ux experience: gambling dapps of previous generations have predominantly been hindered by clunky and poorly-designed uxs. Golden ball has assembled a deeply experienced design team to shape a seamless and intuitive ux.
Cutting-edge gaming technology: blockchain-based gaming apps have also historically provided a poor user experience. The infrastructure underpinning the golden ball game offerings will provide an unprecedented experience to blockchain-based gamers, the technology stack has been carefully considered to address all of the major issues that are present in the incumbent blockchain-based games.
Permissionless payments: the decentralized nature of golden ball will enable users to easily make payments with no restrictions. Peer-to-peer payments, micropayments, and asset conversion all become easily manageable
The security of the binance smart chain ecosystem blockchain: the transactions carried out in the golden ball dapp will be settled on the binance smart chain ecosystem blockchain, a network secured by vast computing power distributed worldwide. Deeply experienced team-golden ball has assembled a team of experts in both the field of blockchain technology and online products.
The Golden Ball Token ($GLB) and Its Utilities
The golden ball token (glb) will play a critical role in the golden ball ecosystem network. It will bestow users with unique privileges within the dapp. Glb token holders will have access to exclusive promotions that will give them an edge on the gambling games offered in the app. Glb token holders will be able to further this edge by viewing odds related to various games which remain hidden to users without sufficient glb tokens.
Blockchain’s suitability to gambling-related applications was evident from the early proliferation and adoption of gambling-related applications on blockchain technology. Until 2020, gambling was the dominant decentralized application (dapp) type and was the only application type that catered to over 1 million users. Gambling dapps also accounted for the million share of active users. Over 50% of the gambling dapp users were active on a daily basis and gambling accounted for roughly 40% of the active users of all dapp sectors.
The growth of defi means that gambling’s domination of dapp usage has been displaced and is unlikely to return. However, the rise of defi is ultimately a healthy development for the prospects of gambling-focused dapps.
The growth of defi has resulted in more capital entering blockchain-based protocols, more liquidity for tokens underpinned by these protocols, and greater attention given to crypto-related assets generally, the next-generation gambling apps will have a wider user base to address, a bigger capital pool to compete for, and a more competitive environment in regards to other applications. With the gradual improvement of blockchain-based dapps, it is critical that the next generation of gambling dapps improve and innovate upon previous generations and provide their users with more valuable and enticing offerings.
To learn more about Golden Ball Token visit Goldenball.finance
Social Links :
Twitter : https://twitter.com/GoldenBallToken
Telegram : https://t.me/goldenball_official
Media Contact :
Contact Person : Marvin Miroslav
Company Name : Golden Ball Token
Email : [email protected]
Website : https://goldenball.finance/
Source : Golden Ball Token
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103764
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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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