Blockchain
Reflex Finance Announces New Launchpad Features and V2 Migration
Roermond, the Netherlands–(Newsfile Corp. – March 31, 2022) – Reflex Finance, a hyper-deflationary token running on the Binance Smart Chain, has recently announced new details about its upcoming Launchpad. Also, the project’s representatives have disclosed the KYC process for other projects looking to launch through the platform. Lastly, they mentioned the imminent migration from the protocol’s first version (V1) to version 2 (V2).
The Reflex Finance team has been working on the Reflex Launchpad since the beginning of February 2022. Now, the developers announced they are offering buybacks of all tokens that launch through this feature. The platform will return the tokens to the launching token at a price available from the 1st to the 48th hour that passes after launch.
Reflex Finance
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Those using the Launchpad can take a picture at any time during this interval. Next, they must send it to the team via their Telegram channel and comply with the Launchpad rules. Furthermore, once the admins confirm the price, Reflex offers an additional discount of up to 15% off the buyback price. “Our goal at Reflex is to become the safest and most project friendly Launchpad in the crypto space,” says CEO Ryan Arriaga.
If you ask Chairman Myles Tweedy about his vision, “Our focus is to differentiate ourselves from traditional launch pads and bring a more human-centric feel to our services and act as a “full” launchpad in every sense of the word. Meaning, our additional services will also help serve and guide the entrepreneur to have the most successful launch possible.” Additionally, Reflex will post subscription offers consistently through the Launchpad to help new tokens grow. For instance, users may apply for Discord-building services at discounted rates. This service is also available on-demand to create an account within 24-48 hours without extra costs.
Lastly, Reflex teamed up with a marketing company to provide discounted rates on token launches and smart contract audits. The latter will be available for Gold Tier users. They also benefit from the strictest KYC process, background checks, and a rug pull-free launch. On the other hand, Silver Tier users can only access smart contract audits and KYC procedures.
Reflex Launchpad Security Details
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Tactical Onboarding
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Lower risk of fraud and users with fake credentials.
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Facial recognition that identifies people wearing 2D or 3D masks.
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Compliant with strict regulations, such as BaFin and FINMA.
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Support in the form of automated document recognition, AI, and Machine Learning comparison.
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The KYC process will search all databases worldwide, including international intelligence.
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A multi-platform functionality with support for Android, iOS, and web.
Migration to V2
Reflex Finance will migrate from V1 to V2 in early April and create a bridge between several networks and blockchains. For instance, this feature will link prestigious chains, such as Ethereum, Polygon, and Avalanche. Furthermore, it will maintain a 1:1 ratio for all the $REFLEX tokens users hold in their wallets. Lastly, the new platform will support farming and a custom DEX showing real-time pricing via charts.
About Reflex Finance
Reflex Finance launched in February 2022 as a hyper-deflationary reflection token on the BNB Chain (Binance Smart Chain). It runs on a liquidity-generating protocol with additional staking opportunities. Furthermore, it offers staking and farming opportunities, a Ticker, and the Legion Launchpad for token releases. Lastly, the protocol provides accelerated buyback and burn for $REFLEX tokens to decrease its supply while boosting its long-term value.
For more information on Reflex Finance, please follow these links:
| Website | Twitter | Telegram | Discord| YouTube |Instagram |Reddit |Whitepaper|
Contact Name: Ryan Bessems
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118808
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.
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