Blockchain
Crypto Venture Capital Firm Phoenix VC Announces Seed Investment in Predictr.club, The World’s First P2P ERC20 Prediction Platform
Phoenix VC, a leading venture capital firm based in Dubai, UAE, today announced its latest seed-stage investment in Predictr.club, the world’s first P2P ERC20 prediction platform. Predictor is a newly launched platform that is decentralizing the P2P prediction segment and has just closed its first successful round of 80,000 PDCT tokens in less than 24 hrs. of listing on Bounce.
Surveys, Sentiment Analysis and making predictions is a practice as old as time itself. The newest trend is to back it up with capital on a decentralized prediction market such as Predictr.club. With the rise of decentralized prediction markets, anyone can earn money with their accurate prediction skills. A prediction market is a place where anyone can come and buy predictions, just how investors buy and sell stocks on the stock market. Similar to the way investors buy shares in a company, prediction markets allow their users to buy shares in an event outcome. Users can bet on all kinds of events, such as the winner of a presidential election, the price of Bitcoin by December 31st, and more. The online prediction space is a $100+billion market continuously growing at a CAGR of 11.5%. Co-founder of Ethereum Vitalik Buterin believes prediction markets were better indicators of the election than traditional polls this year. “Regardless of who wins from here, I definitely think that the prediction markets have proven themselves more accurate than the polls/models this time around,” said Buterin.
Predictr.club is a revolutionary P2P prediction platform that enables users to make predictions and get friends, family, and the world to back their views with their PDCT Tokens. Unlike the ordinary centralized prediction markets, who limit what and how anyone can predict, a peer-to-peer prediction market like Predictr allows anyone to become the originate a prediction slip. The Predictr app streamlines the entire prediction play process by utilizing Smart Contracts as Prediction Pools and Oracles to gather event result data, providing users with a hassle-free intuitive user interface to generate a Predictr slip within a few clicks and set it up for play. Each Predictr has a simple YES or NO answer, making it easy to play and use. “The advantage of a prediction market is that rather than being based on one person’s model, it lets the world come together and essentially negotiate a clearing price — the point at which people who think it’s too high and people who think it’s too low are balanced”, said Sam Bankman-Fried, CEO of FTX.
Predictor.club is powered by its own utility token called the PDCT and is now available on Uniswap with plans of listing on a few Centralized exchanges in the coming weeks. The PDCT token can be used to get discounts on creating slips, get entry to jackpots, and earn staking rewards. The platform plans on minting only 190,000 predictor tokens whose sale will enhance the platform’s user experience, build a user base, and promote the PDCT Token. According to the Phoenix Venture Partner, Mr. Bijan Alizadeh – Prediction markets are the next big thing in the Crypto Industry and there are players like Augur and PlotX that are catering to different segments. For Phoenix Predictr was interesting as it added gamification and has benefits for the originator and the participants – A truly Decentralised Prediction marketplace.
Blockchain
$FAR Token ranks first on Bybit exchange and soars to 44%following staking program launch: Coingecko
Farcana — United Arab Emirates based Bitcoin shooter game, has announced that its $FAR token is now ranked first on Bybit exchange. This development comes after the launch of its staking program, which offers users a 60% annual percentage rate (APR) on their $FAR tokens.
The staking program requires users to utilize the Polygon network for staking their announcement. Following the announcement, $FAR token soared to 44% according to Coingecko.
Founded in 2022, Farcana recently raised $10 million in seed funding from Animoca Brands, Polygon Ventures, Fenbushi Capital, and Merit Circle among others. It is built on Unreal Engine 5 and Farcana shares a similar graphical style with Overwatch, a team-based multiplayer first-person shooter game by Blizzard Entertainment. The game is understood to operate under a free-to-play model.
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A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
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