Singapore, Singapore–(Vehement Media. – December 30, 2021) – REI Network testnet (previously GXChain 2.0) was launched. After more than six months of stable operation, GXChain launched a comprehensive renovation proposal to the community in December, which was approved at block height 46630793, officially renaming GXChain 2.0 to REI Network.

The REI Network mainnet is now live, there will be a mainnet observation period and we will launch the Bug Bounty with the total prize pool of $1.5M.

REI Network is a new EVM-compatible public chain compared to GXChain 2.0, with features such as development-friendly, lightweight, and free, which can fully support the development of various types of on-chain dApps like DeFi, GameFi, and Metaverse. In addition, REI Network will build a new economic model through token splitting, the establishment of an ecosystem fund and the addition of new governance features to build community consensus and fundamentally capture the value of REI.

In a word, the REI Network mainnet will bring a new consensus, tokenomics, governance, and ecosystem. There is no doubt that this mainnet is a landmark event since the birth of the REI Network (previously GXChain) in 2016.

This article takes a look at the new era of the REI Network from different perspectives.

New underlying code and EVM compatible

REI Network rebuilds a new blockchain architecture from the ground up. Instead of using an open-source blockchain development framework, it is completely rebuilt with a more standardized and lightweight idea through node.js, which can meet the demand for quick cross-platform installation and usage. At the same time, REI Network is compatible with EVM and Ethereum RPC, and dApps can be migrated seamlessly.

A new economic model: token splitting and ecosystem funds

Core-Asset split with 1:10

At the end of the public beta phase of the REI Network mainnet, the core asset GXC, originally issued on GXChain, will be mapped to the REI Network’s mainnet in a cross-chain manner. The conversion of the core assets from GXC to REI on the mainnet will follow a 1:10 split rule, with the total issue size adjusted from 100 million to 1 billion tokens, while the total value of the tokens remains unchanged.

Ecosystem fund: 50 million + 50 million + 150 million = 200 million

The team took out all the unlocked 25 million pieces as the ecosystem funds, of which 5 million were used for node rewards, 5 million for marketing, and 15 million for incentivizing developers and the ecosystem.

REI Network has a good solution for the current industry hotspots and for DeFi, GameFi, NFTs, etc. It will become the hotspot and focus of the next industry competition to a certain extent, so the Foundation is committed to REI Network to seize better opportunities in the foreseeable blockchain industry ecosystem in the future.

REI Network Node Election Campaign Started

REI Network’s consensus mechanism is being upgraded from POA to DPoS+BFT, which will be more efficient, decentralized, and Eco-friendly.

On-chain governance is an extremely important part of public chain governance. Therefore, to implement community-driven governance, REI Network needs representatives who play a leading role in the worldwide community, that is, the Nodes of REI Network.

On the day when REI Network announced that the main network will go live, REI Network simultaneously announced the REI Network Nodes election plan. If you stake 100,000 REIs, you can become a candidate node. Finally, 21 REI Network Nodes will be selected through user voting, and the REI Network Nodes will be able to participate in the REI Network. On-chain governance and node rewards of 50 million REI. In the future, more rights and interests could be obtained by initiating proposals of governance.

The details of the REI Node election campaign can be found at:
Link：https://medium.com/@GXS/bbf0473a0380

Bug Bounty Program for the Mainnet Observation Period

REI Network mainnet upgrade includes consensus mechanism and EVM compatible upgrade, and the introduction of node election functions. In order to ensure that the REI network has a high degree of security and adaptability, the REI developer community launched a bug bounty program, providing a reward pool of REI coins equivalent to 1.5 million US dollars, inviting global developers to help the team review the code during the mainnet observation period and improve the security level of the REI Network, And get a considerable bounty in the process. In this plan, REI mainnet code, smart contracts, and on-chain applications will be reviewed and tested by global developers to ensure its security to the maximum extent.

Details can be found at: https://medium.com/@GXS/1-500-000-for-rei-mainnet-bug-bounty-298ad4648146.

The Future Iterations of REI Network

According to the official roadmap published by REI Network, REI V1.0 is just the beginning and more features will be introduced in the future. Currently, according to known information, at least the following features will be added in the coming months.

• The introduction of FreeStake. After the REI mainnet has been online and running smoothly for a while, the REI development team will upgrade the nodes and introduce the FreeStake smart contract module, after which users will be able to pledge REI tokens to get Free Gas.
• The new on-chain governance module will be different from the existing model of voting by the board and node members and will be a “direct democracy” in which every coin holder can vote.

Special Tips:

How will existing GXC assets be affected by the REI mainline launch – the REI Network will be launched on December 30, 2021. In order to ensure the security of the mainnet and the crypto asset issued on REI Network, the core asset swap from GXC to REI will be officially started after the end of the mainnet observation period.

As mentioned above, the official token converter has not been opened at the moment, please pay attention to the official updates and redeem through the official converter to be alert to scams.

Find us
Website: https://www.rei.network/#/
Twitter: https://twitter.com/GXChainGlobal
Medium: https://medium.com/gxchain-project

Media Contact:
Email: support@gxchain.org

Piratera, a GameFi project, aims to provide users with its metaverse model, Piraverse, by combining NFT and blockchain technology.

Hanoi, Vietnam–(Vehement Media. – December 30, 2021) – Piratera, a GameFi project launched in early October, hopes to usher in a new era of high-quality gaming by improving user experience through top-tier gameplay and high-end graphics. As the metaverse concept gains traction, GameFi projects like Piratera intend to give users a real taste of what the metaverse might look like in reality. A metaverse is a vast online world where people interact with their digital avatars. With Piraverse, Piratera hopes to provide users with an escape from the real world.

The Piratera metaverse, Piraverse, would create a fully immersive world in which users would be able to engage in a variety of interactive social activities and the concept of “play and earn”. Piratera plans to launch the Piraverse in the first quarter of 2022, to reward true gamers through attractive rewards mechanisms and constantly updated features, creating a delicate balance in its “play-to-earn” model.

The Piraverse places a premium on multisensory activities, connections, and interactions. Furthermore, the Piraverse employs NFT technology to provide real economic value to its community. In the Piraverse, players can take on the role of pirate captains to explore the seas and embark on endless adventures and buy and sell over 5000NFTs in the Piraverse marketplace.

The Piraverse aims to be realistic in that users will notice the presence of real-world applications such as Certificate of Land Use Rights. Furthermore, the Piraverse aims to provide visually stunning RPG gaming to users. The Piraverse is an open-world adventure and idle battle game based on the heroic idea of the pirate era.

Piratera shows a lot of potential in actualizing the dream of a metaverse by combining NFTs with immersive gameplay. So far, Piratera’s achievements to date show a strong sign of commitment to achieving this goal. In addition, on December 29th, Piratera’s staking pool opened, allowing users to stake the game’s native token “$PIRA.”

To learn more about Piratera and its plans to create a metaverse, please contact the Company through the following channels:

Website: https://piratera.io/
Telegram: https://t.me/pirateragaminggroup
Facebook: https://t.me/pirateragaminggroup
Discord: https://discord.com/invite/Pkh8cyX9Nj

Media Contact:
Email: contact@piratera.io

Bengaluru, India–(Vehement Media. – December 29, 2021) – MetaLaunch, the premiere multi-chain Metaverse launchpad and accelerator powered by Asva Labs, has announced a $3.2 million fundraise with participation from SL2 Capital Capital, Excalibur Capital, Starter Capital, CMC Capital, Zephyrus Capital, Black Dragon, Dutch Crypto Investors, Meridian Capital, and other leading crypto-focused VC firms. The MetaLaunch platform delivers fundraising and growth frameworks to fuel virtual world and gaming economies, as well as MetaFi applications to enhance the productivity of virtual ownership assets.

This latest infusion of funds will be used to expand MetaLaunch’s business and strengthen its operations. The funding will also support MetaLaunch’s continued endeavour to create a thriving ecosystem for the decentralised Metaverse sector. Beyond funding MetaLaunch, the VC network will also assist projects joining the Asva ecosystem by providing value propositions.

The current Metaverse landscape is riddled with challenges like the lack of DeFi infrastructure, fundraising and growth frameworks which hinder the growth of emerging Metaverse projects. MetaLaunch solves this while providing a Launchpad platform, a Metaverse Marketplace and a suite of MetaFi applications that enable projects to not only raise funds but also enable projects to provide staking and farming options.

The next phase: IDO Roadmap

MetaLaunch’s raise precedes $ASVA IDO which was successfully held on Starter Launchpad and will be held on the NFTb platform along with its own Launchpad, and give community members the chance to participate in $ASVA IDO. ASVA tokens will be used for various utilities on the platform including native token staking incentives, governance, access to IDO and INO deals on the launchpad, the metaverse marketplace and payments.

The next event will be held at NFTb, the Binance-backed complete Multi-chain DeFi and NFT platform, on 29th Dec 2021 | 12 pm UTC, and the last event will be taking place at MetaLaunch, the first-ever multi-chain metaverse launchpad and accelerator, on December 30th, 2021 | 1 pm UTC.

MetaLaunch will host an IDO round for giving the Asva community the opportunity to participate in the long-awaited $ASVA IDO. MetaLaunch, through its team of experts and network, aims to deliver end-to-end acceleration frameworks to fuel the growth of emerging projects, from ambition to realization and from Strategy and Marketing. The Launchpad features the most promising, vetted and impact-driven projects. Several top venture capital firms and council members have also joined the platform to review and perform strict due diligence on all the potential projects. Asva Labs is also looking to offer new avenues for users to get the most from their Metaverse experience by introducing gamification into the ecosystem.

Contact

For more information, please get in touch with Asva Labs:

Website: https://asvalabs.com/

Website: http://metalaunch.io

Twitter: https://twitter.com/Metalaunch_io

Twitter: https://twitter.com/Asvalabofficial

Telegram: https://t.me/AsvaLabsOfficial

Medium: https://asvalabs.medium.com/

Media Contact: PR@asvalabs.com

Bitget, a well-known derivatives exchange, provides insights into significant events in its business in 2021, particularly its recent milestone as a top 10 derivatives exchange, as well as some hints as to what to expect in 2022.

Singapore, Singapore–(Vehement Media. – December 29, 2021) – Bitget became a top ten derivatives exchange in 2021, leaving its mark on the Cryptocurrency industry and achieving other milestones along the way. As the year comes to a close, here are some of the notable events that occurred for Bitget in 2021. Bitget’s goal is to provide better trading to its users, and they got even closer to achieving this goal in 2021.

Bitget’s digital asset business has increased worldwide, making significant contributions to the futures trading sector, which has seen the derivatives exchange rise to rank among the top ten in the world in terms of futures trading. Its average daily futures trading volume is ten times higher from the previous year and its total annual revenue has exceeded US$300 million, establishing it as a unicorn in the global digital financial market. In addition, in March 2021, the company acquired Bitkeep, Asia’s most prominent decentralized wallet, becoming the world’s leading Cefi+Defi 360 trading platform that provides multi-dimensional asset protection to better service the platform users and opens up a new traffic entrance for the exchange

Early this month, Bitget took things further by establishing its investment firm, Foresight Ventures. Foresight Ventures has official partnerships with reputable blockchains such as Avalanche and Arweave and extensive collaboration with many global investment institutions such as Republic Realm. In addition, its portfolio includes several promising projects, including Matrixport, RSS3, REALY, COLONY, EVERPAY, and DEFINA, to name a few.

Bitget has maintained its position as a regulatory compliant cryptocurrency exchange, and to expand its global footprint, it has formed strategic partnerships with big names in sports such as becoming Juventus’ first sleeve partner, and PGL Stockholm 2021, a significant esports event. It will not be surprising to see more sponsorship deals under Bitget in the coming quarters.

Bitget’s ultimate goal is to provide an unparalleled and globally accessible trading experience. According to official reports, Bitget will continue its expansion in European, African, and Latin American markets in 2022 with a user-centric approach, leveraging its innovation power to launch valuable products and list prospective projects. 

Contact:
Contact Person: Varina Wang
Email: Media@bitget.com

Velas, a Swiss-based tech firm providing one of the fastest and most energy-efficient blockchains in the world, will enter Formula 1 starting next year in a long-term partnership with Ferrari.

Zug, Switzerland–(Vehement Media. – December 29, 2021) – As a powerhouse of innovation and creativity, Velas has revolutionized the world of blockchain by creating a pioneering, energy-efficient platform that operates at unparalleled speed. As Formula 1 enters a new technical era in 2022, Velas branding will be featured prominently on Ferrari’s iconic racing cars, operating at the pinnacle of the sport.

This is the first partnership of its kind for Ferrari, with many shared initiatives planned to benefit from Ferrari’s prominence in global motorsport and a uniquely engaged fanbase. As a result, fans will benefit from Velas technology like never before, opening up a whole new dimension for both the sport and the brand.

Founded in 2019, Velas has developed an ecosystem of services and products that aim to merge the qualities of both centralized and decentralized solutions. The company’s mission is to create and integrate world-changing tech products and services to improve people’s lives all over the globe.

Within the Velas DPoS, or Delegated Proof of Stake, carbon-neutral blockchain network, users vote and elect delegates to validate the next block. This means a cleaner infrastructure for the crypto community as well as lower energy consumption.

Farhad Shagulyamov, CEO and co-founder of Velas, commented:

“Having built a next-generation blockchain that emphasizes both sustainability and performance, it was only natural to partner with another icon of excellence – Ferrari. Velas has introduced an innovative variety of pioneering technology to blockchain and associated products, which will now be showcased at the pinnacle of motorsport.”

Alex Alexandrov, chairman and founder of Velas, commented:

“We are delighted to be embarking on this incredible adventure together with Ferrari and taking people with us on a journey that they will never forget in this new era of Formula 1. There is a very bright future ahead for the unique partnership between Velas and Ferrari, as well as for the sport as a whole. We look forward to seeing you all out on the track!”

Mattia Binotto, general manager and team principal at Scuderia Ferrari:

“We are pleased to start this collaboration with Velas Network AG, a company that makes innovation and performance the hallmark of technologically advanced products and services. These are all values that unite us and that led us to choose Velas as one of our premium partners.”

For those new to digital assets, a blockchain is a digital ledger of transactions with copies duplicated, encrypted and distributed across an entire network. This means that all transactions take place securely, without the need for any third-party involvement.

Find out more about Velas and its products and services here.

For all media enquiries relating to Velas, contact Dragos Dumitrascu, head of global partnerships.

Toronto, Ontario–(Vehement Media. – December 28, 2021) – Dexberry Network, a Tech business based in Ontario is excited to launch its ground-breaking blockchain project called the DexBerry. The DexBerry project is building an application  that features collectively, some of blockchain’s majorly used digital assest acquisition tools so that users can have the benefits of assessing them on one platform. 

According to Gloria Odurukwe, the founder of Dexberry Network, even with the widespread acceptance of dencentralised ecosystems, utilization of DeFi and NFT sytems could be more. “We witnessed some common issues such as excessive delays, low assessibility, non-simplified usability of platforms as well as   the need to move from platform to another in search of preferred assests, information and trading tools. The aforementioned are some of issues DexBerry is proposing to improve by creating a multi-featured, easy to access and easy to use ecosystem in one single application known as the Mega-app. We are very excited about this endeavour ”. This digital assets technological solution would also include non-fungible-tokens (NFTs) tools and more.

About DexBerry

DexBerry is a next generaton decentralized mega-application ecosystem supported by a smart contract technology, the Binance Smart Chain. The DexBerry Mega-appliation features a Multi-chain Charts and Analytics tool with instant buy and sell capabilities, a Cross-chain DEx aggregator , NFT Marketplace, Ask me Anything Channel, Online Magazine, and a secure smart contract Launchpad with more to be announced. 

Using its decentralized  ecosystem Mega-app, DexBerry works to change the face of any user’s crypto trading experience by incorporating supportive features that will enhance making informed trading decisions and eliminating the discomfort of moving from one platform to another. 

The DexBerry Ecosystem will use the Dexby as its native token to serve as a sole means of facilitating exchanges and other transactions, including rewards. Staking and trading of the Dexby will be available to holders. Also, holders of the Dexby will automatically have assess to numerous features as well as the ability to participate in the governance of the Dexberry ecosystem by voting.

For more information about the launch of DexBerry, kindly visit www.dexberry.org, to read through our updated Whitepaper. For media inquiries, please contact info@dexberry.org.

CONTACT INFORMATION

Website: Dexberry.org
Twitter: https://twitter.com/dexberrynetwork
LinkedIn: https://www.linkedin.com/company/dexberry
Telegram : https://t.me/dexberry
Facebook: https://www.facebook.com/dexberry.org
Contact person: Gloria Odurukwe
Phone: (647) 873-3741
Email: info@dexberry.org

Singapore, Singapore–(Vehement Media. – December 28, 2021) –  This month, the Virtual Trade Mission for Blockchain, Crypto & Digital Asset Funds was hosted by the US Embassy in Singapore and the US Department of Commerce. The event was a chance for Asian investors to meet with leading US blockchain and crypto fund managers. The success of the event demonstrated that interest in crypto is broadening and that the United States and Asia remain at the forefront of global support for this innovative technology.

For the Department of Commerce, this is an opportunity to work on extending US asset managers’ position in the crypto and digital assets area for Asian companies, and introducing new avenues to do so.

Asian investors were given the chance to virtually “speed-date” with US fund managers. Guests were introduced to several investment strategies in 15-minute periods. Nowadays, blockchain-related strategies include venture capitals, hedge funds, and tokenization, to name a few. After a successful event the closing speech was given by Alchemy Pay‘s CEO, John Tan, on behalf of the recently formed Blockchain Infrastructure Alliance.

Despite the Chinese government’s move to ban all crypto-related activities, Asia still remains the world leader in crypto adoption and use. Asia’s early embrace of NFTs and blockchain gaming has been a key driver of interest. Mark Zuckerberg’s recent pivot to the metaverse is bringing another wave of investment to crypto where the metaverse concept has been in development for a long time.

For the US, the Trade Mission is another sign that the industry is moving further into the mainstream and has the attention of mainstream investment institutions. This investment has supported digital assets and blockchain infrastructure in a variety of ways beyond just holding Bitcoin. High profile projects such as FTX exchange or MoonPay have received huge funding, demonstrating a growing belief in an economy around crypto. Indeed, crypto startup investment has never been stronger. A report by the crypto data firm CB Insights, showed that the third quarter of 2021 was the biggest ever for crypto startup investing, globally.

During his address, Tan highlighted the progress he had seen over the past 18 months and BIA’s ability to create a cohesive, connected infrastructure for the blockchain industry. He later remarked on the forward-thinking nature of the organisers and the significance of the event, “we are very happy to see the positive approach that the US Department of Commerce is showing the industry with this event here today. This Trade Mission shows the high level of interest from investors for crypto and for all forms of digital assets.”

Blockchain-focused US Trade Missions have so far taken place in Germany, Switzerland, and Hong Kong, and Singapore. Jacob Katsof, Vice President of TradeMissions.org who runs the blockchain efforts says that 2022 will include Trade Missions to the UAE, Mexico, UK, in addition to to Singapore, Hong Kong, Germany and Switzerland. These events are evidence that mainstream society is now acknowledging a future in which blockchain technology and cryptocurrency will play a major role.

About Trade Missions

Trade Missions, in collaboration with the US Department of Commerce’s International Trade Administration, organizes Trade Missions to help US Alternative Asset Fund Managers connect with capital sources. The purpose of the Trade Mission is to assist US fund managers in raising capital outside of the United States. It has effectively assisted many of America’s fund managers in obtaining capital from throughout the world.

For more information visit: www.trademissions.org

About BIA

The Blockchain Infrastructure Alliance (BIA) was founded by a group of seasoned incubators, with Alchemy Pay, Conflux Network, Polyon, NEAR, and NEO as founding members. The BIA believes that sharing expertise, viewpoints, and resources is mutually beneficial as friends and industry veterans. They recognize that the expansion of blockchain networks has created new issues, and they see the necessity to provide infrastructure that connects blockchain.
For more information visit: www.bia.network

Media Contact Details for Alchemy Pay

Website– Email– Twitter– LinkedIn– Medium

Netherlands, Amsterdam–(Vehement Media. – December 28, 2021) –  GamingShiba team is pleased to update its community regarding their streaming platform. GamingShiba aims to follow the model of SAFEMOON, SHIBA and SAITAMA, to be the game changer.

GamingShiba is the first token to bring the concept of a multi-functional streaming platform to the digital world, enabling players to acquire and sell NFTs, convert their performances into NFTs, and debut them on the largest NFT markets.

The Bridge for Gamers.

GamingShiba visions to be the bridge for gamers. As with the rise of NFTs and the metaverse, GamingShiba wants to take the lead. A team of creative professional developers, IT engineers, and cryptocurrency enthusiasts, GamingShiba’s mission is to deliver the innovative gaming and streaming platform. And that comes in line with the aim of partnerships with the major NFT enthusiasts.

It is now a month since launch and the GamingShiba community is growing rapidly. With over 21,000 holders, certik audit and the streaming platform being developed.

Gamingshiba is based on a set of fundamentals and ideas that emphasize the importance of a collective group of like-minded individuals and the unmatched ability and coordination that this coalition enables.

About GamingShiba

GamingShiba’s mission is to deliver the most revolutionary gaming and streaming platform, backed by a close partnership with NFT enthusiasts as individuals or businesses, with a pool of talented development teams, IT engineers, and cryptocurrency enthusiasts.

CoinMarketCap: https://coinmarketcap.com/currencies/gamingshiba/

Media Links:

Twitter: http://www.twitter.com/gamingshibabsc
Telegram: http://www.t.me/gamingshibabsc

Media contact
Company: GamingShiba
Contact Name: Strix & Frip
Address: Netherlands, Amsterdam
E-mail: admin@gamingshiba.com