German blockchain startup bitsCrunch is looking all set to revolutionize the NFT ecosystem. bitsCrunch has launched two of their most significant and important products: Scour, a Wash trading detection tool and a NFT Analytics Dashboard that provides analytical information based on Key Performance Indicators. Together these products can make NFT marketplaces much more reliable and transparent.

But that’s not the end of the story – a third platform, known as Liquify – Fair Price Estimator,  is also under development and almost on the verge of going live. It will allow people to arrive at the fair price of any non-fungible token, and it is being tested with one of the renowned NFT marketplace. The company is also building a Digital Asset Forgery Detection System (currently in the MVP stage) to prevent forgeries in the NFT marketplace.

The core products of bitsCrunch

As explained above, bitsCrunch has a number of products in its portfolio, some of which are live and some under development. But their core products are following ones:

  • Scour Wash Trading AI Application – A platform designed to detect and flag wash trades in NFT marketplaces. 
  • The Analytics Dashboard, which comes with built-in NFT Analytics based on certain Key Performance Indicators (KPI) like floor price, MarketCap, primary and secondary sales, etc. 
  • The Liquify Price Value Estimator AI Tool helps in determining the fair value of digital assets. It is currently in the MVP stage and in testing with Rarible Marketplace. 
  • The Digital Asset Forgery Detection System, which is an AI model to flag forgeries, illegal copies and bootleg digital art contents to protect the creators. 

The problems bitsCrunch is solving 

The NFT ecosystem is plagued by a number of issues, which include asset forgery, wash trading, unfair valuation, unavailability of reliable information, etc. Due to these issues, fraudulent activity is not uncommon in the NFT marketplaces. Each of the platforms developed by bitsCrunch aims to solve these problems. The company wants to act as a watchdog supported with AI technology to find out manipulators and their activities in the NFT ecosystem.

What makes bitsCrunch stand out?

The entire project is aimed at increasing the trust, safety and adoption of NFTs, which makes them the guardians of the NFT ecosystem. bitsCrunch is also not limited to any single blockchain platform, and solutions developed by them work across Ethereum, Polygon, Polkadot and Avalanche blockchains. They also share impactful insights from the data sourced by leveraging the power of analytical systems. 

Why does the market need this idea? 

There is a need to combine data, technology and people in a context to best understand the stakeholdership of digital ecosystems. As we move into a virtual world because of the pandemic, there is a greater need for AI and blockchain technology to come together for developing reliable automated solutions that can cater to our various requirements. That’s why the role of companies like bitsCrunch is even more important today than it has ever been before.

About bitCrunch

bitsCrunch is an Indo-German Blockchain Analytics startup specializing in the blending AI with blockchain technology. Founded in 2020, the company is on a mission to leverage the full potential of AI to bring about new blockchain-based services that are safer and trustable, starting with the services for the NFT ecosystem. 

To learn more, visit: https://bitscrunch.com/

Media Contacts: 

Name – Akansha Kesarwani

Company – bitsCrunch

Email – [email protected] 

Location – Munich, Germany 

The latest celebrity athlete to enter the NFT space is NBA star, John Wall with his ground-breaking project Baby Ballers. We’ve seen the likes of Tom Brady, Steph Curry, Odell Beckham Jr., and others enter the crypto and NFT space of late. Some have decided to create their own NFT platforms/ projects while others have partnered up with some of the biggest platforms to curate their own drops.

John Wall’s Fascination With The NFT World

John Wall recently tapped into Twitter showcasing his interest for the NFT space. Since then, the NFT community has welcomed him with open arms. Although most fans shilled their favorite NFT projects to him via Twitter, many suggested him the idea of creating his own NFT project.

This suggestion fascinated John Wall most of all because he wanted to find out what the process and the journey of creating a NFT would be. Once he began to understand the flow of creating NFTs, he wanted to create his own project that would be backed by a good cause.

The Good Cause

John Wall’s biggest why in his life is his children. He not only wanted to inspire his children, but he wanted to support children everywhere by partnering with his foundation – the John Wall Family Foundation.

Over the past few years, John Wall’s foundation is a fully registered charitable organization that has helped thousands of people. From distributing meals during Thanksgiving to partnering with the Salvation Army for back to school donations, John Wall’s foundation has helped youth with tons of blessings.

Now, John’s got his eyes set on combining the NFT space with his charitable organization. He plans on taking proceeds from his upcoming NFT drop to help fund youth sports and plans to take aim at inspiring kids that anything is achievable by executing on this project.

The NFT Project

John Wall recently announced the launch of his own NFT project, which is titled – Baby Ballers. He plans to launch this project on September 30th, 2021 which will feature 4,000 mints to be available to the public.

After getting a sneak peak at some of the designs via their website, parents and NFT enthusiasts everywhere will graciously appreciate his efforts. The NFTs themselves feature unique babies with different traits playing sports.

The roadmap for the project seems very promising with the ability for NFT holders to get access to giveaways for items such as courtside tickets, jerseys and more. This is definitely a NFT project that you want to keep your eyes on!

Want to learn more? Join them on socials!

Linktree: https://linktr.ee/BabyBallers

TangoChain announces the launch of the world’s first blockchain that is 100% made of gaming applications, play-to-earn games, and NFTs. It’s the first blockchain which is entirely a game host that supports gaming platforms.

The blockchain project intends to enable gamers to earn lucrative profits and create non-fungible tokens(NFTs).

A Third Generation Blockchain

TangoChain is a third-generation blockchain platform. Two generations are in existence so far.

The first generation lies with the pioneers like Bitcoin and its first forks such as Litecoin and Bitcoin Cash. They introduced the concept of cryptocurrencies as decentralized currencies with an open ledger system to the public. 

The birth of Ethereum and DeFi ushered in the second generation of blockchains. DeFi opened up the blockchain world to a host of applications, tokens, and passive income-generating features. Most of the vibrant blockchain projects currently are hosted by this generation of blockchain.

TangoChain could offer the ushering of the third generation of blockchain. The hallmarks of this generation lie in a fully specialized blockchain whose infrastructure and services align towards its role. Contrary to that, TangoChain fully focuses on gaming, and NFTs features rather than adding them as features. 

The blockchain boasts of infrastructure optimized to onboard as many innovations supporting the gaming world as possible. The platform also integrates protocols that feel more native, as opposed to other blockchain platforms.

Proof of Game Consensus Protocol

No specific feature shows the trajectory of a blockchain other than its consensus protocol. In TangoChain’s case, it has proof of game protocol to govern its operation.

To understand how it works, a review of some common consensus protocols could help a lot. Bitcoin and Ethereum use a proof of work consensus. Miners verify transactions by solving a difficult computational equation called a hash. For proof of stake protocol, users stake their crypto holdings to verify transactions.

TangoChain’s proof of game enables users to secure the network, verify transactions by simply enjoying their favorite game. All the while, they earn a reward for their gaming effort, a win-win situation for all.

Zk SNARKs Proof

Even better news for the verify is the Zk SNARKs proof method. It enables the entire process of securing transactions and the network hassle-free. It can be split into S-N-AR-K, standing for Succinct, Non-interactive, Argument, and Knowledge.

The process is Succinct, meaning the proofs are very easy to verify given their small size. It holds even when the process under verification is quite complex.

It is Non-interactive since it doesn’t require constant communication between the promoter and verify. One’s gaming experience won’t be interrupted by annoying questions regarding transaction verification.

Argument refers to the way the proofs are referred to formally. On the other hand, knowledge refers to the level to which the proved can evidence their existence. 

The proof process allows for a faster and energy-efficient way of implementing Tango’s Proof-of-game protocol.

The Gaming Console is Native

Tango aims to ensure that a gamer’s experience is complete and flawless. Comprehensively, its gaming console seamlessly connects to the Tango network and other blockchains natively.

It has a native wallet that omits the need to seek off-chain services altogether. The wallet comes with a user chip that is swappable for convenience.

A gamer with little technical experience has easy access to a complete gaming catalogue as a result. It is accessible on Android, allowing users to play as they earn at their convenience.

The Gaming World is on the Cusp of Revolution 

The advent of blockchain has revolutionized the way people transact by removing the need for third parties. Costs of sending remittances around the world plummeted while speeds and convenience improved.

But Tango is gearing towards the creation of a third-generation blockchain. It’s 100% leaning on gaming in terms of its infrastructure gives a good user experience. The protocol enables people to earn as they enjoy it while the platform is open to gaming innovations. It is safe to say the gaming world could be on the verge of a huge change and revolution.

The Birth of TangoChain

Tango will start its raising through VCs aiming to raise a total of 50M BUSD. Due to it being a blockchain for gaming, which will also have hardware consoles where gamers turn into validators for the blockchain, Tango is a lucrative option for crypto investors to invest in. The following is how the raise will be conducted:

  • Seed Round 5%: (25% TGE, 3 month lock & 24 month linear vest)
  • Strategic Round 5%: (15% TGE, 3 month lock & 18 month linear vest)
  • Private Round 5%: 5%  (15% TGE, 2 month lock & 12 month linear vest)
  • IDO 5%: Unlocked
  • Advisors 5%: (25% TGE / 24 month linear vest)
  • Team 15%: 22,500,000,000 – 7 years vested
  • Liquidity 30%: Unlocked
  • Development 20%: (0% TGE / 60 month linear vest)
  • Rewards 10%: (0% TGE / 60 month linear vest)

What is Hodlnaut?

Hodlnaut is a crypto lending company located in Singapore with the goal of delivering cutting-edge financial solutions to cryptocurrency users. The business currently has more than USD $500 million in assets under management, and it’s growing at a monthly rate of around 20%.

Hodlnaut is a cryptocurrency lending and borrowing platform that offers Bitcoin interest rate of up to 7.46% (as of September 8, 2021) in comparison to Blockfi’s 4.9% return on investment. There are no fees for making a deposit, but there is a small fee for withdrawing your funds. Users on the site have the option of investing in cryptocurrencies including Dai (DAI), Ethereum (ETH), US Dollar Coin (USDC), Tether (USDT), Bitcoin (BTC), and Wrapped Bitcoin (WBTC).

The Singapore Fintech Association has recognized Hodlnaut’s certification. It is also currently undergoing the process of obtaining a license under the PS Act 2019 (by the MAS) and aims to be the first regulated entity in Singapore within the Crypto Borrowing and Lending Space.

Pros

+ Up to 12.73% APY on cryptocurrencies

+ Weekly compound interest

+ No minimum investment amount

+ Unlimited lending duration

Cons

– 6 supported assets (larger platforms have 30+)

– Relatively young platform (2019)

– There is no Crypto credit card offered

History of Hodlnaut  

In April 2019, Bitcoin maximalists Juntao Zhu and Simon Lee launched Hodlnaut in Singapore, a project dedicated to help hodlers maximize the productivity of their crypto assets. The service has also expanded dramatically from over 100 users in 2019 to 5,000+ today. In addition to this, the team has increased to over 20 headcounts at its headquarters in Singapore.

What Does Hodlnaut Have to Offer?

Hodlnaut allows users to earn better interest rates on their cryptocurrency deposits by enabling them to borrow money at favorable rates. Vouched and authorized institutions receive the entrusted assets as loans.

Currently, interest is offered by Hodlnaut on the following cryptocurrencies:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Dai (DAI)
  • USD Coin (USDC)
  • Tether (USDT)
  • Wrapped Bitcoin (WBTC)

There is no minimum deposit required and the money may be withdrawn at any time. The following annual compounded interest rates (APY) is available for Hodlnaut’s supported coins:

  • Bitcoin (BTC): up to 7.46% APY
  • Ethereum (ETH): up to 7.46% APY
  • Dai (DAI): up to 8.32% APY
  • USD Coin (USDC): up to 12.73% APY
  • Tether (USDT): up to 12.73% APY

You can check their interest rates here.

The amount of interest is determined by market conditions and the previous month’s earnings. Users may earn interest on a daily basis, which is transferred to their account every Monday at 5pm GMT.

Token Swap

The new token swap function allows HODLers to trade between different assets within the Hodlnaut platform. This enables users to choose the type of asset in which they would like to earn interest in and rebalance their asset holdings without leaving the Hodlnaut platform.

Users will be able to execute transactions more swiftly with the feature, which will provide a seamless user experience by eliminating the hassle of a two-step trade process and superfluous wallet transaction fees. Users may exchange two tokens directly within the Hodlnaut dashboard without having to go through a separate wallet transaction.

What is the best way to get interest on Hodlnaut?

You’ll see an overview of all the assets on the platform and their interest rates after logging in to your account. Head over to the “Deposit/Withdrawal” tab at the top of the page to choose the asset you would like to deposit and retrieve the deposit address.

After you’ve copied the deposit address, you may send your crypto assets to it. If you keep your cryptocurrencies with a crypto exchange like Coinbase, you will be able to transfer them to the Hodlnaut deposit address within a few hours.

If your account has been credited, Hodlnaut will notify you by email.

Hodlnaut Fees

While there are no minimum deposits and lock-in periods, there is a small withdrawal fee to note depending on the currency.

As of 8 September 2021, the withdrawal fees are as follows:

  • Tether (USDT): 10 USDT
  • USD Coin (USDC): 10 USDC
  • Dai (USDC): 10 DAI
  • Ethereum (ETH): 0.0036 DAI
  • Bitcoin (BTC): 0.0004 BTC
  • Wrapped Bitcoin (WBTC): 0.0004 WBTC

Customer Service at Hodlnaut

How does Hodlnaut stack up to the competition in terms of customer service? For any queries, you can email them at [email protected]. If you live in the United States, allow for extra response time since Hodlnaut is headquartered in Singapore and operated by Singapore Time.

What is the Best Way to Open a Hodlnaut Account?

To create an account with Hodlnaut, head over to https://app.hodlnaut.com/signup.  You will then be required to pass the mandatory Know Your Customer (KYC) verification procedure. The good news is that signing up and performing KYC is simple using the Hodlnaut iOS Mobile App or the web platform. Bitcompare readers can get a sign-up bonus of $20 when opening a new account with Hodlnaut and depositing at least $1,000 USD equivalent in any asset class in a single transaction 1 week from the first deposit.

Why is KYC verification necessary? 

It’s part of a larger Anti-Money Laundering (AML) initiative that ensures each consumer’s identity, risk, and suitability. Although KYC verification procedures were originally only used by traditional lending companies, they’re becoming more popular among fintech businesses.

How does Hodlnaut keep my money?

Hodlnaut uses Fireblocks’ multi-party computation wallet architecture to safeguard your assets. When a user joins Hodlnaut, they are assigned a unique address by Fireblocks. Before being lent to one of the company’s institutional partners, these funds are secured with Fireblocks’ wallet infrastructure and kept in its vaults.

Safety Measures


Hodlnaut is a certified Fintech Company by the Singapore Fintech Association, and it utilizes cutting-edge security measures to guarantee client money is safe.

The platform uses Fireblock’s multi-party computation wallet infrastructure to safeguard the private keys for accessing any crypto assets. The cryptocurrencies are initially stored in the Fireblocks wallet and subsequently transferred to Hodlnaut’s cold wallet or given to borrowers. Hot wallets are not used, which might expose users to security risks and have resulted in a number of crypto platform breaches in the past.

Conclusion

Overall, the services and products provided by Hodlnaut make the platform highly attractive for everyday investors who aim to maximize the productivity of their crypto assets. When compared to other platforms, the interest rates of up to 7.46%% on Bitcoin and 12.73% for stablecoins are one some of the most favorable in the market.

Furthermore, as a hedge against a portfolio’s volatility without incurring any trading fees, the Token Swap is an excellent feature.

***

Like any other universe, the one in which NFT Heroes live is constantly growing and shrinking, creating and destroying. When the universe welcomed in the new creatures who call themselves Unicrypticons, they had been traveling onboard the spaceship Unicruiser, which had fallen out of a black hole. Unicrypticons are the manifestation of the multi-chain decentralized protocol Unicrypt. The project is represented by 50 unique Partnership NFTs. 

The Story of Unicrypticons: Who They Are and Where They Come From

The two companies, NFT STARS and Unicrypt, have formed a strategic partnership that will benefit the communities of both companies’ products. The two teams will work on the development of the token-locking mechanism that will be implemented in Galaxy Staking. NFT STARS and Unicrypt will also carry out joint marketing campaigns to raise awareness among their communities about their products and services. 

In turn, Unicrypt’s presence in the SIDUS metaverse is to be marked with 50 unique Unicrypticon NFTs – creatures who made their way to SIDUS by chance. The Unicruiser spaceship carrying 50 Unicrypticons on board had been traveling across the universe on a mission, but when the spaceship lost control, it fell into a black hole. The Unicrypticons lost track of all time, unable to tell how long they had been resisting the gravitational pull of the black hole. A miracle helped them to escape the deadly event horizon and led them straight to the outskirts of the city. 

The 50 Unicrypticon travelers quickly integrated into SIDUS society, led by their congener Unicrypt NFT Hero, who was also a passenger on board the vessel. When Unicrypt NFT Hero realized he could help bring economic recovery to the city, the 50 Unicrypticons decided to help accomplish the task.

To be eligible to acquire one of the 50 Unicrypticons, users need to follow the company’s updates on social media, where the team will be distributing the special modificators needed to create a Partnership NFT Hero. You need to apply here to participate. Make sure to fill the form!

Partnership NFTs enjoy similar opportunities to other NFTs within the SIDUS ecosystem. Users will be able to receive royalties, stake their NFT for additional rewards, utilize the wrapping NFT feature and transform their avatar into a gaming character. 

About Unicrypt

Established in 2020, Unicrypt provides an exhaustive range of decentralized services, all interconnected across different blockchains. So far, Unicrypt supports Binance Smart Chain, Ethereum, Matic/Polygon and xDai Chain. Its list of multi-blockchain services includes liquidity lockers, token vesting, token minting, farming, staking and a decentralized launchpad. 

Unicrypt is trusted by over 8,000 DeFi projects and has $500+ million worth of customers’ liquidity locked in. Over 30,000 users benefit daily from its outstanding services. 

Learn more about Unicrypt on their Website, Blog, Twitter and Telegram channel. 

About NFT Heroes

SIDUS: The City of NFT Heroes is an NFT avatar collection and gaming DAO metaverse developed by the NFT marketplace NFT STARS in partnership with an international collective of modern artists known as NFT256. The collection features 6,000 unique characters (Original, Rare, Legendary, Partnership and Exclusive NFT Heroes). Each NFT Hero can be used as a social media avatar or be transformed into a gaming character in the SIDUS DAO metaverse.

SIDUS is a play-to-earn metaverse where NFT Heroes equip themselves with next-gen guns from the NFT Marketplace and fight with other users in the Battle Arena. SIDUS: The City of NFT Heroes also provides users with multiple earning opportunities, such as NFT staking, wrapped NFT functionality and royalties.

Learn more about the project on its official media pages: Website | Twitter | Discord

BankerDoge is an existing Defi service platform that is now launching its own token through DxSale on September 13. Earlier pre-sales have already raised over 1,100 BNB for the project and this launch will be the largest BSC token launch of this month with a goal to raise 3,500 BNB. It is one of the only legitimate BSC projects backed by an expert team. 

About BankerDoge 

BankerDoge is a platform that adds decentralised finance services that include staking, liquidity pool farming, time-locking, and trustless DeFi lending to all BSC tokens. The company partners with other tokens to create staking systems and mutually beneficial contracts that will help with the growth of Banker token. 

Idea behind BankerDoge 

BankerDoge has an existing use case at launch: the project adds utility to existing tokens by building them custom staking vaults that support their unique tokenomics. The vaults are specifically designed to reward longer-term token holders and support those who are committed to the projects with their stakings. Members use the Banker token to enter and exit their vault or they will pay the fee that is used to boost the price and APY of the Banker token. 

Over $2,000,000 USD has been staked in the BankerDoge vaults before their token even launched. 

Tokenomics of Banker 

With built-in reflection, different buy and sell fees, dynamic auto buy-back and burn, the Banker token features cutting-edge tokenomics built right into the smart contract. In addition to this, the token also receives external boosts to price, demand and APY through their vault system. The team calls it “externally boosted tokenomics” and it is believed to create significant growth and demand for the token. The Banker team is aiming to be listed on multiple major exchanges in the first month of its launch. 

The team behind BankerDoge 

BankerDoge comes with the support of an experienced and advanced team that is fully doxed and already has created a successful cryptocurrency project: Altrucoin.io. They are aiming to expand their footprint by building this new project that actually works together with their first. 

The core team, based in the United States, are all college graduates who have worked with major corporations like DELL, HP, Disney, Wells Fargo and more. Their identities are all public and you can learn more about them and the project at BankerDoge.com

About BankerDoge

BankerDoge is a decentralised finance platform with its own cryptocurrency. It includes services like staking, liquidity pool farming, time-locking, and trustless DeFi lending to all BSC tokens.

This project of BankerDoge adds utility to existing tokens. It does it by building customised staking vaults aimed to support the tokenomics of those crypto projects. As a part of the project, BankerDoge also partners with others to create mutually beneficial contracts that are good for Banker token. 

To know more about BankerDoge please visit here

You can also join there Telegram community for all the latest updates – https://t.me/BankerDogeOfficial 

NFT Sniper Drop, an advanced non-fungible token (NFT) platform, has released a new service, NFT Projects Overview. With it, NFT enthusiasts can find out about NFT drops sooner and understand if they fit their portfolios.

“NFTs are hot, and it is hard to find all the upcoming ones with dates and all that necessary info. NFT Sniper Drop aims to give these projects more exposure,” says one of the NFT Sniper Drop developers. 

He added, “We fix it with an NFT drops calendar, where you can directly add the drops you are interested in adding to your portfolio. Here, you will find some useful, basic info and main project links. To avoid being scammed, we have a review system that lets users give honest reviews.”

In September 2021, NFT Sniper Drop started operating. Its aim is to fill one of the most ardent needs of the NFT sector, quicker notifications about NFT drops. Since its launch, the platform announced more than 10 upcoming NFT drops on Twitter in less than a week.

Meanwhile, the project developers are working 24/7 to release their website. This way, the platform can provide followers with even more NFT information via different channels. The NFT Sniper Drop website should be up and running soon.

With an innovative feature of the NFT drop announcement, investors and traders can find out about new drops as soon as they become public. As a result, they would no longer have to scour the web for new non-fungible token projects.

Analysis Tools

NFT Sniper Drop also offers a comprehensive suite of Analysis Tools. With this feature, NFT investors can analyze previous NFT drops. This way, they can get a better understanding of how future NFT drops may take place.

With this release, NFT Sniper Drop is ready to set a foothold in the NFT market. By offering a complete and in-depth analysis of NFT drops, the platform should attract many who follow the NFT craze. The project plans to become the go-to place for finding out about NFT drops ASAP.

The NFT Sniper Drop team is looking to build on its current momentum and help its followers with quick and accurate news on NFT drops. At the time of this writing, their Twitter account showed more than 15.5k followers, and that number is rapidly growing.

You can learn more about NFT Sniper Drop on the project’s Twitter account for now. Also, you can find them on Discord. The website is still in the making, but the developers are close to launching it. Then, the platform should take off and enable NFT enthusiasts to shoot down NFT drops as soon as they come out.

NFT Sniper Drop on Twitter

Nftsniperdrop.com

NFT Sniper Drop on Discord

CoinxPad is proud to announce the launch of its platform’s presale set to kick off on September 25. The platform boasts the first CEX/DEX multi-chain initial DEX offering (IDO) launchpad. As such, the platform hopes to boost young projects that wish to launch their tokens, raise funds, and generate liquidity.

Being an early investor is an added advantage for you as you access new tokens before their listings on other exchanges. Despite their income, it supports all kinds of investors to participate in promising projects launching on its DEX launchpad. The launchpad promises a fair undertaking on its platform, giving every participant an equal opportunity to be part of the process.

The DEX launchpad can support projects built on Ethereum, Polkadot, the Binance Smart Chain, Okexchain, Polygon, to mention but a few.

Join the CoinxPad Presale on Unicrypt

CoinxPad will be distributing its native token, $CXPAD, during its upcoming presale. The CoinxPad coin is a BEP-20 token, which the platform settled on to avoid the high gas fees involved on the Ethereum network.

The CoinxPad presale will exclusively launch on Unicrypt and will be the only one it holds. Out of its 100 billion CoinxPad coins in circulation, the platform is dedicating 50 billion to the presale. You can acquire $CXPAD from the presale using WBNB or BNB.

The distribution of the remaining 50% of the coins will be:

  • 22.1% for liquidity
  • 13% for burning
  • 5% for development
  • 5% for innovation and research
  • 2% for both partnerships and airdrops
  • 0.9% to cater for Unicrypt fees

As is the norm, the presale will go down in three phases: round 0, 1 and 2. In Round 0 1/3 of the presale hardcap can be sold before the sale starts by users willing to burn UNCL. The first round takes place in two hours, with the only participants being UNCL or UNCX holders. You will require a minimum of 3 UNCX or 50 UNCL in your BSC network wallet.

The second round will be open for everyone to participate until it achieves the hard cap or when the tokens are sold out. All users involved in the presale will receive their $CXPAD coins afterward, available on the Unicrypt presale page.

Gaining Customer Trust

CoinxPad recognizes the troubles clouding the crowdfunding space. However, it expressed to users that it would not renounce its smart contract ownership. Despite the constant use of the method to avoid fraud on the Binance Smart Chain, the platform confirmed its ineffectiveness in ridding the space of scams.

However, it has taken the necessary steps to ensure that investors trust the platform. According to its vision, the platform looks to provide a safe environment for both projects and investors. Solidproof is the firm behind the platform’s smart contract audits and KYC certificate. In this case, it assures that its ecosystem is secure for all its users.

Furthermore, it ensures that all projects wishing to list on CoinxPad undergo an ‘EDM’ vetting process. It means that the platform evaluates the expertise of the project’s team, the development plan and time, and the project’s marketing strategy.

Afterward, if the project meets the criteria set, it can list on the launchpad. An additional measure to keep investor funds safe is locking most of the liquidity raised on the platform on Unicrypt.

A Rewarding Platform for CoinxPad Holders

While CoinxPad expects to gain more popularity with more projects launching on the platform, it hopes to grow its community of $CXPAD holders; the platform will disburse 5% of all transaction fees to $CXPAD holders.

Notably, you will be eligible for the USDT payout only if you hold 200k CXPAD or more. For seamless participation, it distributes the USDT every 60 minutes sending the amount directly to your wallet. Besides, the platform dedicates 2% of transaction fees to marketing its services, propelling its growth.

Another exciting event coming up for $CXPAD holders is the airdrops and bounty promotion. You can follow up on its Telegram channel in English or Chinese for more details on the airdrop and more. Remember, load up your BSC wallet and be ready for the exciting opportunities during the presale!

Solidproof is a network introduced to help in bolstering Defi trust. This platform launched in mid-2021 and has already been a major part of Defi audits.

Yet, Solidproof has been doing manual audits. Manual audits are auditing done with people, by bare hands. While manual audits are reliable, they are often too slow and sometimes inaccurate.

Solidproof began plans to launch an auto audit tool. So, what is an auto audit tool? How do they work? How will Launchpads use this platform? Keep reading for more.

The Auto-Audit Tool

The Solidproof auto audit tool is an algorithm feature created to ease Defi audits. Generally, the tool completes the audit services without requiring manual work.

Solidproof’s audit tool will be launching soon to improve the audit services in Defi. So, what are the benefits of the auto audit tool in Defi projects and launchpads? Here are a few pros;

  • Efficiency and effectiveness in audits. Generally, audits conducted only by hand can have massive human errors. Yet, since the auto tool is an algorithmic function, it does not contain human errors. Thus, Launchpads connected to this tool will have certainty in results.
  • Timely Audits. Every project using the auto audit feature will get timely audits. Generally, the autonomous tools take way less time to audit than the manual tools.

How Can Launchpad Networks Leverage This Tool?

Crypto launchpads and Defi projects have a huge chance of benefiting from the tool. But how? There are two major ways including;

Accepting Solidproof as Their Auditor

The primary most fundamental way is by accepting Solidproof as their auditor. Every launchpad has a list of Defi auditors whose audits they trust. All projects listed on the launchpad often get an audit from their trusted auditor. Hence, Launchpads should start accepting Solidproof as their trusted auditors. After obtaining Solidproof, they can propose the tool to upcoming Defi projects.

Projects Can Embed the Tool

Defi projects and launchpads can also embed the auto tool. Although this tool will be on Solidproof’s website, other projects can attach the tool. Embedding this tool means having a direct link.

A new project would have to visit Solidproof’s website to access the tool. For that to happen, the project must have heard about Solidproof from somewhere. Yet, once the launchpads attach the tool, a Defi project will just follow the link.

Due to the attached tool, Defi projects will have increased trust in the launchpad. The trust of presale participants will also increase. But, where can the projects put the auto tool link?

  • The first place is the lower end of the website home page. This lower end of the website’s homepage often contains tools used in the webpage. Website visitors will be able to see and use the auto tool.
  • Another place to add the link is on the IEO/IDO/ICO application forms. Most Defi launchpads have forms that developers must feel when applying for audits. Adding the tool/link in the form gives the developers an easier option.
  • Another place to link the auto tool is the page discussing audits. For instance, most launchpads websites have a section mentioning their accepted auditors. Adding the link in that section provides alternatives for audits.

How Will Upcoming Defi Projects Use the Auto Tool?

The auto audit tool is going to be the primary center of service provision in Solidproof. Yet, it begs the question of how upcoming Defi projects can use this service. The steps for anyone to use the auto audit tool are as follows;

  • Sending the smart contracts to the auto audit tool. Solidproof makes it easy for developers to leverage this platform. A user can send either a link or the entire smart contract file to the tool.
  • Immediately on receipt of the file, Solidproof’s auto tool audits the Defi contract. Since it’s an autonomous tool, it does not need manual support.
  • The tools look into the code for vulnerabilities. Its autonomous nature identifies all errors associated with smart contracts.
  • Finally, this project releases its first report, which comes in PDF format. Since the launchpad and project applied for the audit, they will receive a copy of the report.

As this auto tool launches, some may think that it replaces manual audits. Yet that is not at all the case with Solidproof.

After the auto audit, Solidproof will do manual checks if the project requests. Thus, this platform will strengthen the validity of its report by conducting two audits.

What the audit feature brings is the speed in auditing. Projects will not have to wait for weeks to get their audit report which could be negative. The tool works fast, releases the report, and developers can work on the changes.

Final Word

This guide has been looking into the process of auditing in Defi projects. Generally, it’s one of the most important steps before any project presale. Normally, many platforms have been providing solutions to effective Defi smart contract audits. Solidproof introduces its auto audit tool.

An auto audit feature is a smart tool for auditing smart contracts automatically. This tool does not need human support. Instead, it does the entire audit using algorithms. It introduces more accuracy and efficiency in auditing.

Solidproof makes it possible for projects to embed this tool in their sites. Attaching will simplify the works for Defi projects and launchpads.

On September 13, Mdex launched the IMO for Demeter tokens and attracted over $350 million in participation.

At present, many projects on DApps are choosing to issue their initial tokens and establish liquidity in a decentralized way as it is more in line with the characteristics of the blockchain field. As a consequence, many blockchain entrepreneurs are looking for a launchpad that excels in issuing tokens and offering sufficient liquidity. This makes the competition for IDO functions enter a more refined stage: competitiveness and data playing the decisive factors.

Staking to earn new tokens: innovative IMO mechanism

IMO (Initial Mdex Offering) is an initial decentralized online exchange mechanism based on MDEX. The mechanism provides sufficient liquidity for projects while allowing users to participate more fairly.

By launching IMO under a new mechanism, MDEX not only finds more quality assets for users and but also empowers MDX. The first project under the innovative IMO mechanism is Demeter, a market protocol of decentralized cryptocurrency. DMT, the governance token of Demeter, is also issued through IMO with a liquidity pool created on Mdex.

The latest round of IMO on September 13 attracted 6,500 participants and raised a total of $350 million funds, on par with the achievements of Coinwind’s public offering in May. The highlight of this public offering is the rule of  “staking to earn new tokens” in the new IMO mechanism, with a total of over 1 billion MDXs participating in it.

The new mechanism allows users to participate in IMO with either MDX or xMDX, the Boardroom lock-in voucher. This rule frees up the liquidity of the MDXes locked in the board and provides all MDX holders with a fair opportunity to participate in the IMO. Lock-in voucher xMDX can receive different shares of tokens in the IMO, based on their different durations. Shares of tokens increase with the duration of the lock-in, i.e., the longer the lock-in period, the more tokens to be received for participating in the IMO.

For MDX holders, what’s even more exciting is that they are able to gain new tokens just by staking MDX, without losing their MDX or lock-in voucher xMDX positions.

Under the new IMO mechanism, participants can convert their lock-in profits into the platform tokens, which makes MDX “a gold shovel” for users. By exchanging the profits from lock-in revenue with new tokens, the platform introduces the compound interest method of investment, so that users can gain new opportunities with zero loss in their accounts.

Millions of active users: Mdex being “the first choice to launch projects”

IDO is a primary market which has always generated impressive yields. With the support of Mdex, however, it is even more valuable for investors to focus on IMO.

On May 25, Mdex conducted its first IMO, during which the Coinwind project attracted $380 million in participation, ending with a surprising number of 257 times the expectation. Meanwhile, 8,874 addresses participated in the IMO, with an exchange surpassing the expectation by over 25,726% and a token price increase by 500%, making it one of the most attractive projects. Such a heat and achievement made it impossible to even believe that it occurred right after the market crash on May 19.

After the launch of Mdex, it has quickly captured a large number of users, gathered super high liquidity, and became the headline DEX as well as the ideal IDO platform. Completing token issuance on Mdex not only ensures a large amount of active users of the platform, but also is an excellent publicity for the project itself, in terms of the promotion of its product and the building of its community.

User-friendly and community-oriented: Mdex being the cradle for high-quality assets

For entrepreneurs, Mdex is “the first choice for project launch”; in the eyes of investors, Mdex has an additional property of “the origin of multiple tokens”. Because of this expectation, Mdex has made the best professional judgment in project selection.

As the first project launched under the new IMO mechanism, Demeter is a protocol of decentralized lending and stablecoins based on Heco. It is now expected to become the MakerDao on HECO.

Demeter has introduced over-collateralization for lending. The innovation lies in that user’s credit limit will be generated according to their asset factor, which is based on their assets collateralized. The amount that users can borrow and mint stablecoins is restricted by the credit limit, so as to ensure the safety of the user’s property and that of the whole system.

Unlike traditional decentralized lending protocols, Demeter has optimized the interest rate model and collateral coefficient of its DeFi lending protocol. Demeter assets are more diversified, with the introduction of richer crypto asset types such as LP assets, collateral assets, NFT-fi assets, etc. This optimization breaks the restrictions of decentralized lending on collateral. As credit ratings have been conducted with these assets, the lending model between currencies is highly matched, while the algorithm of interest rate adjustment is more reasonable under the premise of ensuring security.

With the more diverse and secure lending service, DUSD, Demeter’s stablecoins demonstrate the same feature. Since DUSD is generated through multi-asset collaterals, it is much less risky and more stable than tokens generated based on single-asset collaterals.

Demeter has demonstrate its farsightness and practicality in innovatively breaking the ceiling of DeFi lending collateral asset, resisting the price volatility of decentralized stablecoins, and liquidation.

The new IMO mechanism brings fair opportunities to all MDX holders. The recently released Hunter program, which provides a total of $10 million to support quality projects, will further lift the competitiveness and attractiveness of Mdex in terms of IMOs. This will help build a new business ecology that covers more application scenarios and is deployed on more chains, providing global users with more convenient, high-performance, low cost and undifferentiated financial services.

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