Blockchain
Galaxy Blitz Announces Successful Sell-out of $500,000 Mystery Boxes on Binance NFT
Helsinki, Finland–(Newsfile Corp. – April 11, 2022) – Emerging blockbuster Play-To-Earn (P2E) title, Galaxy Blitz, this week revealed details of another sell-out fundraising event with $500,000 worth of NFT mystery boxes snatched up on the Binance NFT. The mystery box sale took place on April 11th and comes off the back of a $10 million investment round in February. Following this event, the Galaxy Blitz team announced plans for a second round of NFT mystery boxes scheduled in May, with the primary difference being a cap on skins and rarity levels available.
Galaxy Blitz is an NFT-based action-packed sci-fi combat strategy game set in the distant future where players take on the role of one of four highly evolved races and compete for glory and riches. Within the game, NFTs have a high degree of utility and will be an integral part of players’ strategies. High level NFTs in Galaxy Blitz support AR functionality, and those attained from mystery boxes will include heroes, battleships, weapons. Aside from NFTs, $MIT is the ecosystem’s native token and is currently being traded on Gate.io, PancakeSwap, and Ascendex, with many more exchanges to come.
Galaxy Blitz Announces Successful Sell-out of $500,000 Mystery Boxes on Binance NFT
NFT Utility in Galaxy Blitz
As gaming industry veterans, the Galaxy Blitz team see NFTs as means to bridge the gap between online and offline, presenting beautifully crafted AR renderings that will give a completely immersive experience to the game. Aside from being represented as in-game characters and items, each NFT has its own unique stats and usability, with NFTs of different rarities able to be staked for up to 600% APY MIT rewards. The farming function will be introduced soon to the public. Users can pledge NFT to share MIT seasonal rewards pool. In addition, there is a regular lottery event for NFT holders, users can stake a certain level of NFT to stand a chance to win the prize. Galaxy Blitz also allows for the merging of packs of the same ranking into higher ranks, giving packs of all rarities intrinsic value and utility. Additionally, staking certain NFTs will grant a host of in-game buffs and boosts that will allow early adopters to get a head start in the massive open world of Galaxy Blitz.
On April 11th, the Binance NFT listed $500,000 worth of Galaxy Blitz Planet NFT mystery box for public sale. The 5800 mystery boxes of different rarity were priced at 85 BUSD each and completely sold out, with an additional 50 boxes reserved to be airdropped to lucky participants later in the month. Of the NFTs available within the mystery boxes, 70% (4095) were N, 20% (1170) were R, 9% (526) were SR, and 1% (59) were SSR rarity. After receiving their mystery box, users will have to wait 12 hours to open them and reveal which randomly assigned NFTs are inside. Upon reveal, Galaxy Blitz NFT trading will be live on the Binance NFT marketplace, and users will be able to withdraw them to their wallets. A hard cap of 20 mystery boxes per person was imposed to ensure as many community members could be involved in the event as possible, with plans for the airdrop event to take place after a randomly taken screenshot between May 2nd, 2022, 11:00 AM (UTC) and May 8th, 2022 11:00 AM (UTC).
Galaxy Blitz Ecosystem of Value
With a solid background in legendary games development, the Galaxy Blitz team are committed to using the latest in technological innovation to create the most unique and genuinely fun game on the market. This intention to focus on quality gameplay and utility is in contrast with others in the Play-to-Earn (P2E) industry, which has seen little development in types of games and as a result, is ripe for an AAA title like Galaxy Blitz. Official beta testing will be online and available for NFT holders in April, with plans to extend for the incoming V1 mobile version and V2 PC version.
In Galaxy Blitz, players will be able to build and control their own production facilities, hero, and space armies to create universe-wide allegiances and challenge mighty foes in epic PVP space battles supported by a rich economic system based on the ecosystem-native $MIT token and ecosystem NFTs. Staking $MIT helps increase a player’s in-game power in a number of ways, including decreasing spaceship flight time, increasing immunity periods, and increasing the success probability of NFT minting and forging.
Galaxy Blitz $MIT is valued by its broad utility and earning potential, and will be used within the Galaxy Blitz ecosystem as the primary global currency for processing in-game transactions and as a key marketing tool to bring in new players.
About Galaxy Blitz
Galaxy Blitz is a Play-To-Earn combat strategy NFT game set centuries in the future as four unique highly evolved descendants of humanity fight for dominance in battles on both lands and in space. Earn a variety of tokens via battles and resource farming as you lead your faction to galactic dominance!
Website: https://galaxyblitz.world/
Twitter: https://twitter.com/GalaxyBlitzGame
Telegram: https://t.me/galaxyblitz
Discord: https://discord.com/invite/cfkcVjBDW8
Medium: https://medium.com/@Galaxy_Blitz
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120073
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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