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Winners Network Launches a Multi-Chain Compatible DeFi and Rewards and Gaming Loyalty Platform with Token

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Winners Network (https://winnersnetwork.io/), the blockchain ecosystem which connects traditional customer loyalty programs and point systems to one chain of value, today announced the launch of its partner-agnostic rewards and loyalty platform dedicated to bridging the gap between web-based consumer touchpoints and the burgeoning ‘multi-ecosystem’ world of blockchain. Winners unique rewards, loyalty and incentive program is designed to unify a multitude of customer loyalty programs into one consolidated networked ecosystem. The launch of the Winners Network platform, along with the sale of the $WINS token, will allow Winners Network to incentivize a network of participants across the blockchain, gaming, merchant loyalty and the rewards landscape.

Winners Network and their WN Rewards Browser extension will create a seamless and agnostic accrual experience, which will streamline and consolidate interactions across three of the most critical ‘value-based’ consumer touchpoints:

  • Ecommerce: Shopping websites incentivize buyers with ‘loyalty points’ and other remote and isolated rewards systems. The Winners Network’s browser plugin will enable purchasers to earn WN Gold Rewards points across multiple sites, regardless of participating products or retailers.

  • DeFi: Winners Network and the Winners Network browser extension will not only connect off-chain user activity to on-chain rewards and tracking protocols, but the team also aims to power cross-chain transfers of value and facilitate a seamless experience across the growing Web 3.0 ecosystem.

  • Gaming: From ‘play to earn’ web-based games to in-game assets, collectibles, ‘points’ and currencies, “monetizing” gameplay and rewarding players has always meant ‘one game, one points ecosystem.’ The Winners Network browser extension will provide one overarching ‘cross platform’ multi-ecosystem solution and allow gamers to earn, collect, win and ultimately convert game-based assets from across the web into the $WINS token.

“The cryptocurrency industry has many reward programs and incentives, but these are generally closed off, walled gardens that are primarily designed to encourage participation within their own networks,” said Co-founder Walter Minhoto. “There was no rewards program that worked across multiple environments; we want to create incentives and enable the transfer of value beyond the traditional digital rewards silos.”

Additionally, it is often impossible for DeFi reward launchpads, yield farms and other similar platforms to intersect with non-blockchain based projects. Winners Network and its $WINS token will help create these new intersections.

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“The only way for a modern loyalty and rewards ecosystem to actually work is for that structure to utilize crypto and to do so in an agnostic way,” says Minhoto. “Consumers currently use hundreds of disconnected loyalty and rewards platforms across the web and throughout their daily lives; Winners Network will open up a world of options for these consumers and offer them rewards for participating in a wide range of loyalty-based environments.”

Additionally, gamers within the Winners Network will be empowered with the first ever global rewards system that will gather rewards for in-game spending, grinding and playing. Users will be able to earn WN Gold Rewards with in-game purchases, collecting rare and epic items, opening loot boxes and skin boxes and by simply logging in to their favorite game. WN Gold Rewards will have the capability to be swapped for $WINS tokens to receive cash-back or additional in-game and partner game purchases. Gamers will be able to drastically increase the amount of WN Gold Rewards earned passively and actively by staking their $WINS tokens.

The $WINS token will be the native token that powers the Winners Network. As a governance token, $WINS holders will be able to vote on community changes to the platform and take an active part in decision-making processes within the network. Users will also be able to collect and earn via the team’s browser extension that will work for both traditional ecommerce websites and nontraditional macro markets such as crypto and iGaming.

For more information on the Winners Network and its sale, please visit the Winners Network website or Telegram.

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Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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