Blockchain
Singapore-Based Gaming Platform Affyn To List Native $FYN Token on Bitmart
Listing To Confer Benefits Of Platform’s Mobile Play-to-Earn Model & Spread Awareness
Singapore, Singapore–(Newsfile Corp. – March 28, 2022) – Affyn, the Singapore-based blockchain startup and one of the pioneers of the mobile Play-to-Earn model, has announced that the platform’s native token $FYN is set to list on Bitmart, a global cryptocurrency exchange operating across more than 180 countries.
Earlier in February this year, the $FYN token made its exchange listing debut. Since then, it has positioned itself as the fourth-most visited and third-most searched token, surpassing the likes of prominent tokens. Now, per a tweet posted by the company, the $FYN token will be listed on the Bitmart exchange starting March 30, 2022 (14:00 UTC).
As opposed to many other metaverse games, Affyn’s in-game characters, called “buddies,” are reusable across different metaverses and games. By providing value in both the real and virtual worlds, the FYN token creates a circular economy, enabling players to participate in in-game competitions, trade NFTs and virtual properties, as well as pay for real-world expenses.
As an added benefit, $FYN tokens earned in the game can be used in the real world – a feature that most P2E games don’t currently offer. This means that the $FYN token can be used to purchase retail items, lifestyle products, and travel in the real world.
Lucaz Lee, Affyn’s Founder and CEO, notes, “We have received immense support and love from the community. Our sustainable gaming economy is designed to enable users to tap into numerous, valuable revenue streams. At the same time, our community will be able to use the $FYN token in the real world. We’re looking forward to the upcoming Bitmart listing given it empowers us to reach users across more than 180 countries, contributing further towards our mass adoption efforts alongside real-world use of digital assets.”
About Affyn
Affyn offers a Play-to-Earn mobile game with integrated AR and geolocation capabilities through its blockchain-powered Metaverse platform that is free-to-play. This unique blend of technologies offers the platform’s community of players an immersive gaming experience where the virtual and real worlds converge. The platform’s native FYN token also offers real-world utility, allowing players to convert it to fiat currency and pay for various products and services.
PRESS CONTACT
Name: Tammie Chew
Email: [email protected]
Website | Telegram | Twitter | Discord
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118328
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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