Blockchain
Sphynx Announces the All-in-One Cryptocurrency Platform
Auckland, New Zealand–(Newsfile Corp. – November 16, 2021) –
Figure 1: Sphynx – the all-in-one cryptocurrency platform for the ages
The user-interface was designed with user-friendliness and simplicity in mind, ensuring that both beginners and experts will be able to navigate the platform with ease. The main menu, underneath the consolidated wallet, is to the left of the platform when viewed on a computer. The positioning is the same on mobile devices, though users will have to click the three horizontal lines on the top-left to open the main menu. Within this menu are options such as “Swap”, “Pools”, “Farms”, “Lottery”, etc.
Beside the menu (when viewed on a computer) is the swap that users can utilize to trade tokens, and to the right of that is the integrated chart that investors can use to perform market analysis. On a mobile device, both of these tools are available on the center of your screen. Everything has been strategically placed to ensure investors never have to leave the confines of Sphynx.
The vast majority of new traders are not familiar with token tax, which applies to a vast majority of tokens that exist on the Binance Smart Chain and/or the Ethereum Network. Most investors run into issues purchasing such tokens because they are not familiar with how to configure slippage tolerance levels to accommodate that tax. Sphynx eliminates that issue with its “Auto Swap” feature, which automatically selects the optimal slippage for your token of choice.
Sphynx has already made tremendous strides on the Binance Smart Chain. Its platform has been the topic of discussion for dozens of crypto influencers, all of whom have been moved by Sphynx’s progress thus far. Not only this, but Sphynx, through its NFT line, the Sovereign Sphynx Council, has also been making waves on the Ethereum Network both by locking in partnerships with big-name influencers and through its massive giveaways for community members.
Sphynx stands out from its competition because of how little it charges for trading fees. In comparison to the 0.25% (and higher) trading fees that big-name platforms charge, Sphynx charges only 0.1% for swap fees, and half of those fees go back towards the holders via Swap Fee Rewards. Furthermore, by staking $SPHYNX, investors can earn both from staking their tokens (in $SPHYNX) and from the $BNB rewards that will accumulate from swap fees.
CertiK is an internationally recognized security company that has audited the likes of Binance. What Sphynx has done is revolutionary as it has established a partnership with CertiK outside of being audited by them and commissioning their Skynet protection service. This partnership exists with Sphynx’s upcoming Launchpad. So, for a brand-new project wishing to launch on SphynxSwap, they would first have to go through CertiK and clear an audit with them in order for them to be deemed a safe project to invest in. There will be different tiers for such launches, but a good standing with CertiK will ease the concerns of traders who have been the victims of projects launched by nefarious developers with ill-intent.
Sphynx is also planning to roll out its cross-chain bridge in the near future. This will allow users to be able to bridge over to other networks outside of the Binance Smart Chain, with the first cross-chain availability being the Ethereum Network. Furthermore, investors will be able to switch between networks on the Sphynx platform itself, and will be able to trade tokens that exist outside of the Binance Smart Chain.
The streaming platform that Sphynx is also working on (SphynxTV) is just another example of a utility that doesn’t exist anywhere else. All in all, Sphynx provides more functionality to users than anything else that is available on the market today, and it is why Sphynx is the all-in-one cryptocurrency platform for the ages.
Media Contact:
Zaidoun ‘lonzo’ Alowbydi
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103809
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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