Blockchain
FLy, the risk-free Launchpad solution for protecting money when investing in an IDO
Participating in an IDO can be lucrative most times for an investor, but at certain times it can be quite tricky searching for the new x100 crypto gem. If you want to know what an IDO is, and its pros and cons – read our article at VRM Research.
IDO’s are not always profitable.
Unfortunately, pre-sale & IDO investors are sometimes left holding worthless tokens.
As examples of the cases with such situations, look at Crypto Puzzles IDO results with -92,8% ROI:
And Algo Painter with -82,8%:
It happened for different reasons, such as a developer failed to provide liquidity or initially providing the liquidity only to later remove it (this is called “rug pulling”).
Rug Pull
A rug pull is a situation when crypto developers abandon a project and run away with investors’ funds. Rug pulls sometimes happen in the DeFi ecosystem, especially on DEXs, where malicious individuals create a token and list it on a DEX, pair it with a leading cryptocurrency like Ethereum.
But once a significant number of investors swap their ETH for the listed token, the creators then withdraw everything from the liquidity pool, driving the coin’s price to zero.
Ensuring that you don’t fall victim to a rug pull
Decentralized exchanges such as Uniswap algorithmically determine the prices of tokens in a pool depending on the available balances. Check the project’s liquidity in a pool before you invest, and check if there is a lock on the token’s pool for a certain period. But it’s not possible all the time, because not every project adds liquidity to the pool before an IDO.
Even if the project looks reliable and worthy, even if it has well-known investors and companies, it doesn’t guarantee positive results. The coin’s creators may even create a temporary hype around Telegram, Twitter, and other social media platforms and initially inject a substantial amount of liquidity into their pool to cultivate investor confidence and to drive FOMO that leads more people to invest in the token.
FLy protects customers and investors from the risks of an IDO
Driven by the principles of complete transparency and understanding investors’ needs, the FLy team has developed a Launchpad platform that provides its users with a high degree of risk protection within the volatile space of DeFi investing.
The FLy ecosystem, powered by its utility token Franklin (FLy), serve as the fuel that power the platform. FLy is a utility token with an actual purpose: hold FLy Tokens to get access to the Launchpad and risk-free IDO which is a distinguishing feature amidst other launchpad platforms. FLy token holders also get access to such solutions as trading signals for manual and API trading produced by quantitative trading algorithms, FLyDEX for traders and DeFi solutions for FLy token, such as staking and farming, a network bridge, escrow and more to come.
Risk-free IDO on the FLy platform. Case study
As we had mentioned previously, an IDO can be risky for investors. That’s why it’s extremely important to participate in such an investment type using the right platform, that ensures maximum benefits for its community of investors and protects its customers.
As an example, on August 5th 2021, a project called CFL365.Finance had an IDO for its token on the FLy Launchpad platform. The IDO was fully deposited within 30 minutes of starting and closed with a gained deposited amount double of what was necessary. But unfortunately, the $CFL365 token performance didn’t suit the risk management profile.
FLy cares about the community and to keep the community in profit, it stopped token distribution. To ensure the FLy community from losses, all USDT tokens that were participated in the IDO were unlocked.
Moreover, FLy Launchpad participators got an airdrop in $CFL365 tokens for free according to the FLy tokens amount in their wallet.
The FLy launchpad is risk-free, so the team doesn’t leave their community without refunds in case of bad project performance. All information about the IDO process is sent to the community through the FLy and BO Newsletter and official Telegram Global community channel.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
Blockchain
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