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Galaxy Blitz Announces Successful Sell-out of $500,000 Mystery Boxes on Binance NFT

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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

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety

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The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.

The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.

Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.

Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.

Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.

Source: blockchain.news

The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.

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Blockchain

Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

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Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.

The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.

Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.

The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.

In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.

Source: blockchain.news

The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.

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Blockchain

Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development

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The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.

Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.

By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.

Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.

The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.

Source: cryptonews.com

The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.

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