Blockchain
RACA Talks About Play-to-Earn Game “Metamon” in an AMA with LBank Exchange
Dubai, United Arab Emirates–(Newsfile Corp. – February 22, 2022) – Recently, LBank Exchange held an AMA session with the Radio Caca (RACA) team, discussed topics about RACA’s Play-to-Earn Metamon game, economic system, Metaverse and NFT features, cooperation with universities, tokenomics, and many more.
Figure 1: RACA Talks About Play-to-Earn Game “Metamon” in an AMA with LBank Exchange
Radio Caca is the exclusive manager of Maye Musk Mystery Box (MPB) NFT and governance token for The United States of Mars (USM) Metaverse – an MMO 3D Mapping Metaverse with the same style of Decentraland, while USM has the first-ever shown feature on the game market globally – a real 3D Planet that can be proportionally zoomed in and zoomed out.
Metamon, the game where RACA plays the role of “AXS” in AXIE Infinity, was launched by the Radio Caca team on the BSC in October 2021 and has been planned to be expanded into the USM later.
Maye Musk – The Valuable Mystery Box
The first series released by Radio Caca is Maye Musk’s NFT. The reason for this name is that the team positions Maye Musk’s NFT work as the highest-ranking works in the Radio Caca market and the entire NFT market in the future. Like the slogan circulating in the community, Maye Musk, NFT Mother. It is a treasure box to get unlimited NFT works. Holding the Mother Box will get the airdrop of subsequent NFT works and the highest courtesy in the Radio Caca market.
The collection value of Mother Box is enormous. Maye Musk issues her own NFT on BSC, which represents a significant and representative event for the entire blockchain industry. Countless blockchain giant whales have shown interest in this collection and want to hold it, since the total amount of mother boxes is only 6000, including #1000-1199 for Maye Musk and her team, and now only more than two thousand boxes have been issued, which apparently cannot meet their collection needs.
Metamon – A P2E Game Gained Great Popularity
Metamon is a Play-to-Earn game on BSC that has drawn widespread attention from the blockchain community since its launch. The main focus of the RACA team is to ensure that players and the community have an amazing experience playing this beautiful and fun game. To improve the gaming experience and reduce gas fees, the RACA team recently released a new version that users need to exchange RACA for u-RACA (1 RACA =1u-RACA only used in the game) and deposit Metamon, Metamon Eggs, Potions, Diamonds into the game. Currently, there are three main ways for players to enjoy Metamon:
1. Challenge – When players initiate a challenge to an opponent’s Metamon with their own Metamon, it will cost them some u-RACA as the challenge fee.
2. Train – Players can use rewards to develop their Metamon by leveling up.
3. Win and earn – Players have a chance to get Metamon Egg Fragments as rewards, which reveal rewards upon opening them.
In the game, players use u-RACA to challenge and battle other Metamons. A Metamon gets 20 energy per day which will reset at 18:00 PM UTC every day, and each challenge consumes 1 energy. On a daily basis, players can challenge up to 20 times per Metamon. If players want to play and earn more rewards they can simply use another Metamon. That’s why many players have more than just one Metamon.
Each challenge will earn them Metamon egg fragments, and when players collect enough fragments, they can be merged into a Metamon egg, which acts as mystery boxes. When players open a Metamon Egg, they may win various NFTs which can also be bought or sold on RACA NFT Marketplace. The rewards in Metamon Egg may include one of the following: 5 million u-USM, 6 million Donuts (the food for Metamon in the “Metamon Kingdom War” game in USM), Potions, Yellow Diamonds, Purple Diamonds, 50 MPB, 6 Snoop Dogg or Grimes (also known as Claire Elise Boucher) skateboard NFT.
Metamons will keep growing their value inside the USM 3D Planet Metaverse. In the Metamon Kingdom War, the winners will acquire lands (more details to be released by the end of March). Holding Metamons on Mars will receive distinctive noble titles and be granted exclusive treatment, access, and perks. There are rental markets in the USM, where players can rent Metamons to temporarily acquire noble titles and privileges and lend Metamons to enjoy a hearty income (currently, the rented Metamons will not be deployed in the Metamon Kingdom battles). In addition, many in-Metaverse assets such as the building blocks of building and landscaping are to be distributed to Metamon holders as staking rewards. And staking Metamons inside the 3D Planet will not change the ownership status nor affect any use cases inside the 3D Planet. As the game progresses, more and more cool features will be added into the Metamon.
Metaverse + Education – Cooperation with Universities
As a carrier that integrates the virtual world and the real world, Metaverse contains huge opportunities for bringing changes in education, social networking, content, office, and other scenarios. Since the global outbreak of the COVID-19, the global education industry has suffered a heavy blow, and the themes of the industry keep constantly changing. About 1.6 billion students from 192 countries, namely 91% of the world’s student population, have suffered an interruption in their academic progress. Online teaching has become the focal point in the current education field.
In 2021, the concept of the Metaverse continued to be popular, and Internet tech companies such as Facebook, Microsoft, Tencent have accelerated Metaverse infrastructure development. ‘Metaverse + Education’ has become a new battleground of global digital innovation.
Radio Caca and Cambridge University Blockchain Society have announced jointly building a ‘Metaverse + Education’ system to kick off the iterative upgrades of Internet education, which could have profound implications to the industry in terms of empowering education reform, promoting equity, and implementing the education-for-everyone initiatives.
With Radio Caca’s continuous development and deployment of technologies such as Metaverse, DeFi, NFT, DAO, public Layer 1 and Layer 2 blockchains, and cross-chain communication and bridging infrastructures, the RACA Metaverse (USM) Education World will soon launch a series of programs.
About RACA Token
RACA has a well-established burning strategy. Part of the revenue from Metamon games, as well as the NFT market fees, will be burned, making RACA persistently deflationary. RACA also has dozens of staking pools on three chains, including all kinds of staking plans, and they all serve the game and the metaverse. Users can stake RACA to earn NFTs, stake NFTs to earn RACA, and stake NFTs to earn NFTs.
See all staking pools on RACA’s official website:
https://farm.radiocaca.com
Find the buy link here:
https://linktr.ee/RACA_USM
RACA contract address on BSC, ETH and OEC is:
0x12BB890508c125661E03b09EC06E404bc9289040
Users can farm Metamon game NFTs and USM Land with RACA tokens. Check farming pools here:
https://farm.radiocaca.com
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
Start Trading Now: lbank.info
Community & Social Media:
l Telegram
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l Facebook
l Linkedin
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
PR Contact:
ZEXPRWIRE
[email protected]
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
![ethereum-etfs-aren’t-blockchain-but-is-a-revolutionary-tech:-top-6-amazing-reasons-to-invest-in-them](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51834-ethereum-etfs-arent-blockchain-but-is-a-revolutionary-tech-top-6-amazing-reasons-to-invest-in-them.png)
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Blockchain
Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
![nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51836-nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance.png)
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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