Blockchain
Farm Finance – The First Ever Vietnam Farming NFT Game Released
Ho Chi Minh City, Vietnam–(Newsfile Corp. – December 7, 2021) – The
Figure 1: Farm Finance – The First Ever Vietnam Farming NFT Game Released
The Farm Finance Token is the main currency on the ecosystem with a total supply of 200,000,000 and will be deployed on Binance Smart Chain.
NFT Plant
According to the team, owning an NFT plant enables you to farm and harvest from your farm to get your token, especially if you harvest at the right time to optimize the revenue.
Besides generating tokens as rewards, you can also trade or stake the tokens. The token will also serve as a payment method when users purchase items.
- Buy/sell items in virtual shops.
- Reward players through the Play-to-Earn feature.
- Staking.
- Trading plants on the marketplace.
- DEX trading such as Poocoin, PancakeSwap, and more.
- Warehousing.
- Voting proposal.
- CEX trading.
Tokenomics
The team has divided the 200,000,000 total supply into different classes. The token is shared as shown below:
- Play to earn: 99,000,000 or 49.5%.
- Private sale: 10,000,000 or 5%.
- Presale or IDO listing: 20,000,000 or 10%.
- Airdrop: 2,000,000 or 1%.
- Marketing: 14,000,000 or 7%.
- Liquidity: 5,000,000 or 2.5%.
- Staking: 20,000,000 or 10%.
- Partner: 20,000,000 or 10%, locked for 1 year.
- Team: 10,000,000 or 5%, locked for 1 year.
Roadmap
Farm Finance Team have a clearly roadmap of their developing, some of focusing on market supply and demand, some of focusing on long-term growth, and these are as follow:
Q3 2021
- Build up project.
- Team development.
Q4 2021
- Complete token sale.
- Airdrop and marketing.
- Listing FFT token.
- Official launch of Farm Finance on web version.
- Open Marketplace feature.
- Open staking feature.
- Balancing, stabilize price impact.
Q1 2022
- Release new items to increase crop yield.
- Marketing with more influencers.
- Improve UX/UI design.
- Official launch of Farm Finance on PC/iOS/Android.
Q2 2022
- Control market price stabilization.
- Launch friend mode, community warehouse, trading items market.
- Farm keeper dog/stealing crops/Raid doll/leaderboard system.
Q3 2022
- Launch new projects on ecosystem: Fowl Finance, Fish Finance, and FFswap Dex
- Metaverse interaction
- New feature through the community vote
- New items through the community vote
Token Sale Events
The Farm Finance team has planned two token sale events for the token: IDO Listing (Presale) and Private Sale.
The Private Sale event gives preference to KOL, big investors, and ventures. The event won’t be given any publicity.
The token will be on sale for $0.02 per FFT and a total supply of 10,000,000 is available for purchase. It will be locked for a year and 8% of the value unlocked each month.
IDO Listing
The IDO Listing will go alongside the Whitelist only. Although the listing date is to be announced, the price is $0.04 per FFT with 20,000,000 FFT available for sale. The minimum investment is 0.1BNB while the maximum is 2 BNB.
Since Farm Finance was launched, it has recorded the following milestones:
- Launching of its official website.
- Whitepaper release.
- Launch game in beta test version (testnet).
- 70,000 registered members on telegram only 3 days after testnet was launched.
- 40,000 followers on Twitter.
- Over 2,000 accounts already playing.
Social Media Handles:
Twitter: https://twitter.com/FarmFinanceBSC
Telegram Group: https://t.me/FarmFinanceGlobal
Telegram Channel: https://t.me/FarmFinanceChannel
Medium: https://medium.com/@FarmFinanceBSC
Media Details
Company Name: FarmFinance
Contact Name: Khang Lam
Email: [email protected]
Website: https://farmfinance.me/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106953
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Blockchain
ASIC cracks down on blockchain mining firms
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
-
Blockchain5 days ago
Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research
-
Blockchain4 days ago
Blockchain Transforming Travel: Quantum Temple’s Innovative Venture
-
Blockchain4 days ago
Bybit and World Leaders Forge Major Alliance to Direct Web3 for Social Good
-
Blockchain Press Releases3 days ago
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain2 days ago
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain Press Releases2 days ago
Canaan Shines at Blockchain Life 2024 in Dubai
-
Blockchain2 days ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain Press Releases2 days ago
Bybit Institutional Report 2024: Institutions Become Bullish and Eye Challenger Chains, while VC Funding Resurges for Infrastructure, Gaming, and AI