Blockchain
Blockchain Based P2E Sports Game TradeStars Integrates Fiat Gateways to Attract Web2 Sports Lovers
Dubai, United Arab Emirates–(Newsfile Corp. – January 3, 2022) – P2E Fantasy Sports Game TradeStars has integrated Fiat Payment Gateways, which will enable users to purchase Fantasy Stocks through fiat currencies seamlessly. This new feature will popularize the game among Web2 sports lovers as well, who would be more comfortable in dealing with fiat currencies as compared to cryptocurrencies.
Figure 1: Blockchain Based P2E Sports Game TradeStars Integrates Fiat Gateways to Attract Web2 Sports Lovers
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8378/108945_96f51e3504e6d9ef_002full.jpg
TradeStars’ Fantasy Stock Trading Game
TradeStars is a Play-to-Earn (P2E) Fantasy Sports game developed using blockchain technology, where sports lovers can monetize their knowledge and trade Fantasy Stocks whose value is directly influenced by real life sports performances.
Users who can successfully identify and purchase stocks of athletes who turn out to be match winners (over a single match, a tournament, or even over their career lifetime) can earn handsome returns on their investments.
The Fantasy Stocks are implemented through F-NFTs (Fractional Non-Fungible Tokens), and have to be purchased using the in-game currency TSX. All trades are managed by smart contracts, which set the stock pricing according to market dynamics.
Integration of Payment Gateways
Prior to the integration, users had to first purchase TSX from secondary markets and deposit it in their in-game wallet, before it could be used to purchase Fantasy Stocks. Not only was this process cumbersome, but it also posed a high technical barrier of entry, especially for those users who are yet to completely make the transition from Web2 to Web3.0.
With the integration of payment gateways, the process of depositing funds and purchasing Fantasy Stocks is now completely seamless. Users can directly purchase TSX using fiat currencies, which can then be used to buy Stocks of their favourite athletes.
Joining Forces with Transak
The payment gateways have been incorporated courtesy TradeStars’ partnership with Transak, a developer integration for fiat-to-crypto payment gateways. Transak aims to connect money and data to blockchain wallets, by integrating local compliance, payment methods, and liquidity from around the world.
TradeStars’ payment gateways support all major fiat currencies, including USD, EUR and GBP, and multiple fiat gateways, such as debit cards, credit cards and bank transfers. Supporting UPI payments is next up on the cards, which will provide even more flexibility to users.
With this integration, TradeStars hopes to attract many more Sports lovers to enjoy the thrill of P2E gaming, as it looks to cement its place as one of the premier Fantasy Sports platforms in the market today.
Visit https://tradestars.app and purchase your first Fantasy Stocks now.
Media Contact –
Name: Christian Hentschel
Email: [email protected]
Company: TradeStars Group
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108945
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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