Blockchain
Introducing ZodiacDAO, an Advanced OlympusDAO Fork Contains: Rebased, NFT, Gamefi and Web3
Singapore, Singapore–(Newsfile Corp. – January 2, 2022) –
Figure 1: Introducing ZodiacDAO, an advanced OlympusDAO fork contains: Rebased, NFT, GameFi and Web3
Hence, their basic protocol is just like other DAO, and became one of our successful colonizer OlympusDAO fork. However, Zodiac are not simply an OHM fork, but an advanced one. They are solving the problem that most of the other DAO and even OlympusDAO are facing. ZodiacDAO will bring the new waves into DeFi 2.0 and they simply call it: DeFi 2.0+
NO FAIRLAUNCH. Why? There have been so many fair launch projects that represent the theory: Pump and Dump. People who buy first gain advantage for their low cost token purchase. Then they all sell paper-handedly when they feel they have gained enough. This leads to the project’s DUMP.
Every pre-sold tokens will be fully added into Liquidity Pool (LP) and locked on DxSale and will be vesting daily for chosen whitelisters within a 180 days period. By doing this, we simply solved the Pump & Dump option. Their purpose is to create the safest assurance for all $ZD HODL-ers. We have seen one of the reasons why ZodiacDAO is an advanced OHM fork.
Here is the basic of our protocol that you need to know:
Staking is the profit distribution model of Zodiac DAO. This is a long run investment. When you stake ZD, you will receive an equivalent amount to sZD. These sZD tokens are profit accruing tokens. Through sZD you will receive a portion of profits from the protocol. It is important to note that sZD cannot be transferred or traded. Investors hold these tokens to earn profits. Thanks to ZodiacDAO’s rebasing mechanism, holding sZD is the most profitable as rebasing is based on auto-compounding. Rebases do not happen out of thin air.
Bonding is a leverage strategy. A bond in the ZodiacDAO protocol is a representation of your liquidity pool (LP) share. Bonding allows you to get more ZD tokens than you would get in the market. How is that? Simply bonding means you are buying ZD token at the discount price, and earning rewards based on current ROI.
These 2 functions are mutual support. Providing the best protocol for a stable and sufficient ZodiacDAO.
ZodiacDAO NFT
ZodiacDAO is one of the first rebase projects involving NFT for their holders. Zodiacian can collect the NFT box through staking, or they can buy it directly by sZD. The best and earliest NFT collectors will be chosen to get huge rewards. However, the most important thing about this feature is they will apply an anti-inflation mechanism to prevent increasing the amount of total supply, which will always keep the ZD value (price) steadily increasing over time, unlike other “fast pump fast dump” projects.
Their GameFi is currently under development and anti-inflation will be applied as well, so people can play, earn, and rest assured about the stable price of ZD along with their great marketing strategy.
For more important updates please visit their social and community, of a great investment:
Telegram: t.me/zodiacdao
Website: zodiacdao.finance
Twitter: @ZodiacDAO_BEP20
Medium: medium.com/@ZodiacDAO
Media Contact –
ZodiacDAO
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108894
Blockchain
P2 Ventures Commits $50M Via Hadron FC to Startup Founders in Polygon Ecosystem
Last year, P2 Ventures emerged as a distinct entity from Polygon Labs, with a focus on blockchain investments. Now, it’s earmarking funds and providing mentorship to bolster project founders, particularly those concentrated on the Polygon blockchain ecosystem. A contributor from Hadron FC remarked that the community offered the perfect blend of “capital and vibes.”
P2 Ventures, a venture capital firm with a blockchain emphasis, was established late last year as a separate entity from developer Polygon Labs. It has pledged $50 million to support startup founders, potentially igniting fresh initiatives within the Polygon ecosystem.
The investment from P2 Ventures will be channeled to founders via Hadron FC, a program tailored for founders with hubs in Dubai and New York, according to a press release. This program encompasses mentorship, legal and regulatory guidance, networking opportunities, and “comprehensive assistance in navigating the complexities of startup development and fundraising,” the release stated. Among the initial 36 projects onboarded, several participated in a week of collaborative efforts at the Dubai facility. Shreyansh Singh, head of investments at P2 Ventures, expressed confidence in Hadron Club’s unparalleled capacity to nurture the aspirations of forward-thinking founders within the Polygon ecosystem.
Ajit Tripathi, a core contributor at Hadron FC, noted that the community provided the ideal mix of “support, capital, and ambiance.”
Initially part of Polygon Labs, the principal developer of various Polygon layer-2 networks built on Ethereum, P2 Ventures transitioned into an independent unit with its own 10-person team late last year, rebranding itself as P2 Ventures.
Source: coindesk.com
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Blockchain
Blockchain sleuth uncovers identity of PrismaFi’s hacker, who stole $11m
Blockchain investigator ZachXBT uncovered the purported perpetrator behind the PrismaFi breach, which resulted in the protocol losing $11.1 million worth of cryptocurrency. Through a series of posts, ZachXBT disclosed that the individual behind the attack, identified as 0x77 (or Trung), may be connected to several other breaches.
The Prisma team initially detected a sequence of transactions on the MigrateTroveZap contract in March, ultimately resulting in a loss of 3,257 ETH (equivalent to $11.1 million at the time). Initially, the attacker communicated with the Prisma deployer, claiming the attack was a white-hat initiative. However, all funds were subsequently transferred to Tornado Cash, a sanctioned cryptocurrency mixer.
The attacker then made audacious demands, including a $3.8 million (34%) white-hat bounty, significantly higher than the industry standard of 10%, as noted by ZachXBT, who highlighted that this demand was essentially extortion, given the insufficient assets in the treasury to reimburse users.
Further investigation revealed that the attacker’s address received funds via FixedFloat and was subsequently traced to Arbitrum, a layer-2 solution on Ethereum. By analyzing timing, ZachXBT determined that the attacker’s address was linked to withdrawals on TRON, including those from the Bybit cryptocurrency exchange.
The investigation also unveiled connections to prior breaches, such as the Arcade_xyz breach from March 2023 and the Pine Protocol breach from February of the current year. The attacker, utilizing the alias 0x77 on Telegram, remained active and had ties to the deployer of @modulusprotocol, further solidifying the connection between each incident.
Furthermore, the investigator disclosed conducting an analysis of the attacker’s personal information, including phone numbers and emails, which indicated a proficient technical background. All collected personal data has been forwarded to the Prisma team, who are pursuing legal action against the hacker in Vietnam and Australia, ZachXBT added.
Source: crypto.news
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Blockchain
Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai
During a discussion among industry leaders at the Blockchain Life conference in Dubai, Bybit CEO Ben Zhou emphasized the preparedness and sophistication of contemporary cryptocurrency exchanges (CEXs). Zhou, who co-founded Bybit in 2018, now stands at the helm of one of the world’s top three exchanges by trading volume.
At the event, Zhou shed light on various facets that underscore the current era of crypto maturity. “From Bybit’s standpoint, this ongoing bull market has been primarily propelled by institutional involvement… Our collaboration with third-party custodians like Copper and Fireblocks led to a 186% increase in institutional capital flows last year,” Zhou noted. He highlighted the pivotal role of enhanced infrastructure and the approval of Bitcoin spot ETFs in facilitating institutional participation in the crypto market.
Zhou has overseen meticulous upgrades to Bybit since the previous crypto bull run in 2021, enabling institutional investors to deploy larger capital pools. “Bybit boasts a highly versatile trading system that accommodates trading of any token against any other,” Zhou remarked during his live address on the main stage. “This affords our institutional clients a plethora of tools, enabling them to engage in spread trades, arbitrage funding rates, and various sophisticated trading strategies. This capability has facilitated the influx of new capital into the crypto space.”
Furthermore, Zhou highlighted the evolution of service reliability amidst market volatility. “Our risk management and system resilience have undergone continuous enhancements,” he affirmed. “Even during turbulent market conditions, Bybit maintains its stability.” This stability serves as a testament to the advanced infrastructure supporting both institutional investors and the exchange’s 25 million retail users.
Zhou also emphasized Bybit’s efforts to empower retail clients with access to products that simplify sophisticated trading strategies. “We offer a unique product known as perpetual protect, which utilizes options contracts to safeguard perpetual positions from losses,” Zhou explained. “Additionally, our advanced Unified Trading Account (UTA) design provides traders with a competitive edge in the market.” These initiatives aim to demystify derivatives and options, making complex financial instruments more accessible and comprehensible to a broader audience.
As the crypto market continues to mature, Bybit remains at the forefront, spearheading innovations that align with evolving market trends and regulatory standards. This proactive stance not only signifies a significant milestone for Bybit but also underscores the overall advancement of the crypto exchange industry.
Source: prnewswire.com
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