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Sphynx Announces the All-in-One Cryptocurrency Platform

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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.

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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.

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Media Contact:

Zaidoun ‘lonzo’ Alowbydi
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103809

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

New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Blockchain

Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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Blockchain

Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation

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The Manta Foundation has launched its $50 million EcoFund to build a robust ecosystem for leading blockchain projects, as per Manta Network. This initiative demonstrates the foundation’s commitment to funding opportunities and developer support for innovative blockchain ventures.

Funding and Support Opportunities
Starting June 15th, the one-year EcoFund will offer significant financial support through its Ecosystem Grant Program, which provides early-stage projects with grants of up to $50,000. This initial funding is crucial for bringing innovative ideas to life.

Additionally, the EcoFund dedicates $35 million for direct investments in promising projects on the Manta Network. These strategic investments aim to foster high-growth ventures that align with Manta Network’s long-term objectives, promoting a collaborative and mutually beneficial environment.

Diverse Project Focus
The Manta Foundation supports a broad range of projects across sectors such as DeFi, Gaming, NFTs, and more. These initiatives are chosen for their potential to drive consumer adoption and significantly enhance the Manta Network ecosystem.

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Applications for the EcoFund are accepted on a rolling basis, ensuring ongoing funding and support opportunities. The foundation prioritizes projects with robust business models and scalability, aiming to ensure the ecosystem’s financial health and sustainability.

Specialized Funding Categories

In addition to general grants, the EcoFund targets specific high-growth areas:

– AI/DePIN: Focused on using AI and Decentralized Physical Infrastructure Networks for sustainable solutions.
– Zero-Knowledge: Investments in zero-knowledge technology to boost privacy and security in the blockchain space.
– Memecoins: The Moon Mission Grant supports the development and growth of meme projects on Manta Pacific, fostering a vibrant memecoin culture.

Events and Hackathons
To further enrich the ecosystem, the Manta Foundation has allocated $5 million for online and offline events and hackathons. These events aim to attract new developers and users, fostering a culture of innovation and collaboration within the Manta Network community.

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Source: blockchain.news

The post Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation appeared first on HIPTHER Alerts.

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