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WapSwap: World’s First Chain Balancing Token on Binance Smart Chain & Polygon Chain Partners with CertiK

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Melbourne, Australia–(Newsfile Corp. – December 1, 2021) – As the world of today needs a dynamic, more practical and a globally accepted financial system with complete transparency, WapSwap brings the first of its kind Chain Balancing Token on Binance Smart Chain & Polygon Chain Partners with CertiK. To simplify the things for its users, WapSwap has created a whole new Cross-Chain swapping protocol. It offers a dedicated system for various financial applications to manage the top blockchain networks. The system offers a Peer 2 Peer network of computers rather than being dependant on a central computer. By this chain balancing token system, integrated blockchains for cross-chain swapping can be created.

Unlike the old traditional system that was rigid and ambiguous, WapSwap is a one-stop for integrated blockchain building. It has various benefits over the traditional financial services. It is a lucid system that provides complete transparency throughout the network as the complete information about the distributed ledger about all the activities that have taken place on a blockchain network is available to everyone. This feature of using smart contracts and distributed systems makes the whole financial application or product simpler to understand and much less complicated than the traditional one. For instance, if two parties are looking to exchange cryptocurrencies or any of their digital assets, the Smart Contracts Digital Agreements offer a smarter, uncomplicated and more secure way to carry forward the finance.

Talking of security, the application has been audited by respected industry professionals like CertiK. These professionals are well aware of the security vulnerabilities of the platform and thus have produced a safer and more secure way of assets exchange.

How the Chainswap Services Work:

  • Burning – The very first step towards a successful ChainSwap is the burning process. At this point, the amount of token to get swapped is inspected and permission is obtained to shift it on to the other specified chain using the ChainSwapToChain() Event.
  • Interacting – When the required permission is obtained, the event is released further with the help of a signal transfer to notify the other chain about the amount specified from the first chain.
  • Claiming – The tokens encountered from the initial chain block would need to be broadcasted to the other chain blocks for claiming the tokens.
  • Minting – When all the previous steps are ascertained, the ChainSwapClaim() event is recorded into the destination chain.

Token Distribution Details –

Here is all the information regarding how the token value is distributed in various fields:

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  • 91% Farming and Staking
  • 7.5% Liquidity for CEX and DEX
  • 1% Promotion and Marketing
  • 0.5% Operational Cost
  • 0% Founders and Team

What To Know About Cross-Chain Swapping

Although the cryptocurrency market keeps swinging up and down, the digital assets can still be considered fruitful. It offers a modern way of investing and earning. However, in a condition when an investor possess tokens on one blockchain and is looking for another that is eligible on a different blockchain, cross-chain swapping can come for the rescue. In the other various platforms that offer cross-chain swap functionality, the total quantity of all chains may exceed the total and max supply, while with the WapSwap Chain Balancing Token, the protocol will maintain the total supply of tokens that are being integrated across different chains.

WapSwap – Objectives, Strategies and Roadmap

Since the commencement of WapSwap, the company has been planning and building up a team of professionals for the development of a versatile portal for cross-chain swapping. The platform has undergone various testing procedures for ensuring safety and security of use with the help of its security partners. The coming ventures of the company would include:

  • Adding up of new liquidity pools
  • New cross-chain integration for cross-chain swapping
  • New projects will be introduced with strategic and fair launch pad
  • Introduction of Android Wallet and IOS Wallet for swift and convenient transactions
  • And much more …

Working in Partnership with Certik

A recognized security-focused ranking platform, CertiK is one of the proud partners of WapSwap in analyzing and monitoring crypto currency and blockchain process. CertiK has been in the industry since long conducting security audits using its formal Verification Technology. WapSwap ensures highest security assurance to its users with its resilient partnership with CertiK.

WapSwap Referral Program

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Whenever a referred friend withdraws WAP tokens from either “Farms” or “Staking pools”, the initial investor is entitled to receive return from their friend’s earnings.

Contact and Social Information about WapSwap –

Telegram -​ https://t.me/WapSwapFinance
Twitter – ​https://twitter.com/WapSwapFinance
Facebook – https://www.facebook.com/WapSwapFinance
Reddit – ​https://www.reddit.com/r/WapSwapFinance
Medium – ​https://wapswapfinance.medium.com
YouTube – https://www.youtube.com/channel/UC7VKafPN8_FZANe_1jr9DLA
GitHub – ​https://github.com/WapSwapFinance
BitcoinTalk – ​https://bitcointalk.org/index.php?action=profile;u=3386497

Media contacts

Name: Mark Jackson
Company name: WapSwap Finance
Email: [email protected]
Website: https://wapswap.finance/
City: Melbourne, Australia

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106067

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.

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ONFA Fintech USA Partners with Metti Capital Funding to Accelerate Blockchain Banking and DeFi Expansion

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Blocks & Headlines: Today in Blockchain – May 16, 2025

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A Pivotal Moment for Blockchain’s Many Frontiers

Today’s briefing arrives at a crossroads in blockchain’s evolution. From AI-driven Layer-1 grant programs to gamified resets in Web3, from supply-chain trust revolutions to exchange-driven token incentives, and high-stakes regulatory leadership shifts, the industry is charting new territory on multiple fronts. As builders, investors, and policymakers navigate this shifting terrain, five stories stand out for their potential to reshape blockchain’s trajectory:

  1. Lightchain Protocol AI unveils a $150,000 developer grant program to onboard top builders in AI × blockchain.

  2. Blockchain gaming experiences its lowest engagement of 2025, signaling a sector reset toward sustainability.

  3. Norwegian Seafood Council research highlights blockchain’s trust-building power in global supply chains.

  4. MEXC Exchange announces the Einstein (EIN) listing on July 20, 2025, buoyed by a $50 million rewards event.

  5. Summer Mersinger, a US CFTC commissioner, is tapped as CEO of the Blockchain Association, marking a pivotal regulatory turn.

In this op-ed–style briefing, we’ll unpack each development, explore its implications for blockchain, cryptocurrency, Web3, DeFi, and NFTs, and assess how these narratives intersect to define today’s momentum.


1. Lightchain Protocol AI’s $150K Grant: Catalyzing Decentralized Intelligence

What happened: On May 15, 2025, Lightchain Protocol AI—a Layer-1 blockchain optimized for AI workloads—launched its Developer Grant & Ecosystem Incentive Program, pledging up to $150,000 in total funding to on-board teams building dApps, explorers, wallets, analytics dashboards, DeFi protocols, NFT platforms, and AI-powered modules on its network. Grants are milestone-based (up to $5,000 per milestone), accompanied by technical support, co-marketing, and ecosystem visibility. Source: Bitcoin News

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Why it matters: Lightchain’s move underscores the growing fusion of AI and blockchain. By allocating resources to builders at the intersection of these technologies, the protocol signals that the next wave of innovation will hinge on intelligent smart contracts, federated learning coordination, and on-chain decision-making. For developers, this grant lowers barriers to entry and emphasizes sustainable, value-driven growth over token speculation.

> “We’re seeking impactful projects that align with Lightchain AI’s goal of bridging AI and blockchain—everything from AI prediction markets to compute marketplaces.” > — Lightchain Protocol AI Core Team

Implications:

  • DeFi & NFTs: Expect AI-augmented lending protocols and NFT platforms with dynamic metadata driven by on-chain models.

  • Ecosystem Growth: Lightchain’s aggressive grant strategy may spur competitors (e.g., Ethereum layer-2s) to bolster their own builder incentives.

  • Governance & Sustainability: The milestone-based approach aligns funding with tangible progress, a model DeFi DAOs may increasingly adopt for resource allocation.

Source: Bitcoin News


2. Blockchain Gaming’s 2025 Low: A “Reset” Toward Quality

What happened: According to Crypto.news, blockchain gaming saw daily active wallets dip to 4.8 million in April 2025—a 10% month-over-month decline and the lowest point of the year for Web3 gaming. Share of the DApp ecosystem for gaming fell to 21%, now tied with DeFi, while AI projects surged to 16% of on-chain activity. Funding also plunged nearly 70% from March to $21 million in April, though Arbitrum Gaming Ventures deployed $10 million from its $200 million fund to support titles like Wildcard, XAI Network, and Proof of Play. Source: Crypto.news

> “Capital is harder to secure, but that’s not necessarily bad. Weak projects are falling away, and funds are flowing into builders laying the groundwork for the next generation of blockchain games.” > — Sara Gherghelas, DappRadar Analyst

Why it matters: The downturn reflects a market recalibration from token-centric models toward user engagement, game mechanics, and interoperability—key for mainstream adoption. High-profile missteps (e.g., Square Enix shelving Symbiogenesis, Sega’s experimental launch of KAI: Battle of Three Kingdoms) contrast with enduring partnerships like Ubisoft + Immutable’s Might & Magic card game.

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Implications:

  • DeFi and Gaming Convergence: As DeFi’s share remains steady, expect crossover innovations (e.g., on-chain staking integrated into gameplay).

  • Investor Focus: Sustainable tokenomics over ‘yin-yang’ hype; capital will favor projects with robust retention metrics and revenue models.

  • NFT Utility: Gaming’s reset may accelerate evolution of NFTs beyond collectibles into dynamic, utility-driven assets.

Source: Crypto.news


3. Deepening Trust in Seafood with Blockchain Transparency

What happened: Perishable News reported on May 15, 2025, that the Norwegian Seafood Council found 89% of consumers desire more information on seafood sourcing. Producers are piloting decentralized blockchain solutions to trace products “sea to shop floor,” sharing immutable data on species, harvest location, handling, and quality checks to reassure ethically conscious buyers. Source: Perishable News

Why it matters: While most blockchain discourse orbits finance and gaming, supply-chain applications represent a mass-market use case for Web3. Immutable provenance data combats fraud, illegal fishing, and mislabelling—an urgent concern as global seafood consumption climbs.

Implications:

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  • Consumer Engagement: Brands adopting on-chain traceability can premium-price products by verifying sustainability standards, fair labor practices, and environmental impact.

  • DeFi Integration: Tokenized incentives could reward ethical producers or create staking mechanisms for supply-chain stakeholders.

  • Broader Web3 Adoption: Success in seafood may catalyze blockchain tracking in agriculture, pharmaceuticals, and luxury goods.

Source: Perishable News


4. MEXC’s Einstein (EIN) Listing & $50 Million Rewards Event

What happened: PR Newswire announced on May 16, 2025, that MEXC, a leading global crypto exchange, will list the Einstein (EIN) token on July 20, 2025 (UTC). To celebrate, MEXC has launched a $50 million EIN rewards event, offering incentives through trading competitions, referral bonuses, staking pools, and community tasks. Source: PR Newswire

Why it matters: Large-scale rewards events can drive short-term volume spikes and social engagement, but they also test community loyalty and tokenomics viability. EIN’s positioning as a “science-minded” utility token in educational and research partnerships adds thematic depth to what might otherwise be a routine exchange listing.

Implications:

  • Trading & Community Growth: Expect surges in trading volume, potentially setting new ATHs for MEXC’s platform metrics.

  • DeFi Crossplay: EIN holders may see integration into DeFi protocols for governance, liquidity mining, and educational grants.

  • Regulatory Watch: Large-scale token events continue to attract scrutiny over securities classifications and promotional compliance.

Source: PR Newswire

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5. Summer Mersinger Becomes CEO of the Blockchain Association

What happened: Gadgets360 reported that on May 14, 2025, the Blockchain Association confirmed that Summer Mersinger, currently a commissioner at the US Commodity Futures Trading Commission (CFTC), will step down on May 30 and begin as the Association’s CEO on June 2. Mersinger has championed balanced, consumer-focused digital asset rules and will spearhead advocacy for fit-for-purpose legislation alongside US regulators. Source: Gadgets360

> “Summer’s knowledge of how elected officials think through complex questions will be vital as we await next steps on stablecoin and market structure bills.” > — Blockchain Association

Why it matters: The appointment bridges regulatory expertise and industry advocacy at a moment when Congress is eyeing stablecoin frameworks and broader crypto oversight. Mersinger’s shift signals a blurring of lines between government and industry, with potential to accelerate law-making and foster public-private collaboration.

Implications:

  • Policy Acceleration: Expect renewed momentum on stablecoin legislation, DeFi disclosures, and market-structure rules by August 2025, per administration timelines.

  • Industry Confidence: Firms may feel emboldened to innovate under clearer regulatory signals, supporting growth in DeFi, NFT marketplaces, and tokenized asset offerings.

  • Global Alignment: US-led regulatory frameworks often influence EU and APAC regimes—this leadership change could ripple through the international policy landscape.

Source: Gadgets360


Conclusion: Five Threads Weaving Tomorrow’s Blockchain Fabric

Today’s headlines paint a multifaceted portrait of blockchain’s ongoing maturation:

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  1. Ecosystem Incentives: Grant programs like Lightchain’s signal a builder-first ethos, turbocharging AI × blockchain synergy.

  2. Quality Over Hype: Gaming’s dip reflects a necessary market reset, steering capital to sustainable, engagement-driven projects.

  3. Real-World Utility: Supply-chain transparency demonstrates blockchain’s power beyond finance, enhancing consumer trust.

  4. Tokenomics in Motion: Exchange listings and rewards events underscore the ever-evolving interplay between liquidity, community, and utility.

  5. Regulatory Convergence: Leadership moves like Mersinger’s appointment highlight the tightening feedback loop between policymakers and the Web3 sector.

As blockchain, cryptocurrency, Web3, DeFi, and NFTs continue to intersect, today’s developments underscore a pivotal shift: the industry is moving from speculative frontiers to pragmatic, real-world applications—backed by funding, governance, and policy frameworks that prioritize longevity and trust. Keep these threads in mind as we watch the next chapters unfold.

The post Blocks & Headlines: Today in Blockchain – May 16, 2025 appeared first on News, Events, Advertising Options.

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Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services – Competition, Forecast & Opportunities to 2030

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Saudi Arabian Loan Aggregator Market

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