Singapore, Singapore–(Vehement Media – May 16, 2022) – Footprint Analytics, a one-stop visual data analytics platform, and DeGame, a Web 3.0 NFT game infrastructure platform, have released the 2022 Q1 GameFi Industry Report, which provides a comprehensive look at the GameFi industry’s performance in the first quarter.

The crypto market saw a significant decline in 2022, but not all sectors faced the same trajectory. In 2022, the funding market is very active, with capital flowing into the GameFi industry at an unprecedented rate. The overall Q1 funding amount of the GameFi rose 194.19% year on year, with start-up game projects being hotly pursued by capital and the industry developing positively.

The report includes:

• Overall market data and trends
• GameFi-related performance on various blockchains
• Investment and financing developments,
• A detailed look at the quarter’s biggest project

Click here to download the full Q1 2022 GameFi Industry Development Report, or read the summary below.

I. The GameFi market was stable

The total market capitalization of all GameFi tokens fell by 15% in Q1 due to market trends, which correlated with fluctuations in BTC market cap. However, the total number of GameFi users remained roughly the same as in 2021 Q4 at around 1.2 million.

The total transaction volume of GameFi projects across all chains in Q1 was $6.322 billion.

The daily trading volume peaked at $205.8 million on Jan. 9, and declined after.

II. Many chains remain undiversified

In Q1, most chains continued to be dominated in terms of users by a single large, successful project. BSC and Ethereum are exceptions to this trend and have relatively even distribution.

III. 2022 Q1 Game Token Liquidity

In Q1 2022, 20% to 30% of tokens listed on centralized exchanges were GameFi project tokens, and the trading volume of the head game tokens is extremely high, occupying the majority of the market share.

IV. 2022 Q1 GameFi Investment Jump by 194.19% YoY

The GameFi market as a whole saw a 194.19% increase in Q1 funding compared with the data last year and a 40.78% decrease on a season-over-season basis. Out of all project categories, indie games-those video games typically created by individuals or smaller development teams,-were at the forefront in terms of both the number and amount of funding than any other category of GameFi project.

There were more seed rounds than any other kind in Q1 for GameFi, whereas strategic rounds raised the most total funds. Projects on Polygon received the most funding in amount and quantity.

Conclusion:

While it may seem like GameFi is in a bubble, data from Q1 indicates that the sector has been relatively strong compared to the greater crypto industry. The market cap of gaming projects was stable, token liquidity increased, and VCs continued showing significant interest in new projects. Additionally, new use cases in the form of move-to-earn have opened the possibility for more widespread adoption of GameFi.

However, many chains still face difficulty in diversifying their ecosystem, which may pose systemic risk to both the chain and the head GameFi projects that depend on them.

To better understand each of these trends, read the full 2022 Q1 GameFi Industry Report by Footprint Analytics and DeGame.

About Footprint Analytics:

Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and invest smarter with Footprint.

Footprint Website: https://www.footprint.network
Discord: https://discord.gg/3HYaR6USM7
Twitter: https://twitter.com/Footprint_DeFi

About DeGame:

DeGame.com is a Web 3.0 NFT game infrastructure platform under Singapore-based blockchain company L2Y Research, DeGame aims to become the most comprehensive aggregator of Steam and GameFi MarketCap in the Web 3.0 world. With DeGame, players and investors can better identify and discover high-quality games and Play-to-Earn earning opportunities through its one-stop solutions: game searching, data tracking & analysis, strategy, download and more functions.

DeGame Website: https://degame.com/en/home
Discord: https://discord.com/invite/9snHhFzAx2
Twitter: https://twitter.com/degame_l2y

Media Content:

DeGame & L2Y Research
Lith Li
Email: lith.li@l2y.com

Kingstown, St. Vincent & the Grenadines–(Vehement Media – May 12, 2022) – ArtRino, the world’s first virtual art exhibition crypto project is now holding the second phase of IEO on two exchanges, IndoEx and Coinsbit. The IEO on IndoEX starts on May 9 and will end on May 14, and the listing has been scheduled for May 15, 2022, with ArtRino offering a 50% bonus. On the other hand, the IEO on CoinsBit will be a tad longer and extend from May 10 to May 19, with the listing date set for May 20.

ArtRino is all about art and ensuring that both art and artists are appreciated across the globe. The idea behind a blockchain-based platform is to make artwork available to everyone rather than being traded just amongst the elites, as has been the case to date. With the online art market seeing an exponential increase in terms of revenue in the last few years, it has become evident that people have developed an interest in creative art pieces. So, ArtRino took matters into its own hands to make it accessible to all.

All about WDAF, the virtual art galleries for masterpieces

ArtRino has launched the World Digital Art Fair (WDAF) to help young talents feature their art pieces and showcase them to the audience worldwide. Collectors can purchase these masterpieces in the form of NFTs that can be used in the metaverse. The possibilities are limitless!

Apart from that, artists stand a chance to win rewards worth $50,000 worth of ArtRino tokens, if their art gets chosen for the Best Artwork Award. The evaluation will be transparent and conducted by individual voters and an experienced panel of judges.

Besides, to value the voter’s contribution to the platform, World Digital Art Fair will offer several rewards to them as well. The first one, $50,000 worth of ArtRino tokens, will be distributed amongst those who voted for the art piece chosen for the Best Art Work award. Another $100,000 worth of ArtRino tokens will be given to 10 voters ($10,000 each), selected randomly. 

World Digital Art Fair also has virtual galleries and exhibition halls where the best artworks from across the globe are featured. The talented artists have dedicated virtual galleries to showcase their masterpieces. ArtRino has also acquired land in the metaverse and plans to organize exhibitions in the coming days.

Now, collectors can use Art Stock tokens, often referred to as baby ArtRino tokens, to purchase artworks from the platform’s exhibitions.

To find out more about World Digital Art Fair, visit the official website https://www.wdaf.net/.

ArtRino’s IEO Phase 2 is here

After gaining considerable ground and revolutionizing the art market, ArtRino plans to host the second phase of IEO in May 2022. Brief details have already been shared earlier, but there’s a lot more to the IEO, and the detailed information regarding it is listed below.

ARTRINO IEO & Listing ON IndoEX:
IEO Price : 0.1$ + 50% BONUS
IEO Date: from 9th to 14th May
Listing price: 0.1$
Listing Date: 15th May

ARTRINO IEO & Listing ON CoinsBit:
IEO Price : 0.1$
IEO Date: from 10th to 19th May
Listing price: 0.15$
Listing Date: 20th May

The minimum order limit on IndoEX and CoinsBit exchanges has been capped at 1000 ArtRino tokens. And, the session supply for the former is 10,000,000 while that for the latter is 5,000,000.

To find out more about the IEO, visit the links provided below.

IndoEx: https://international.indoex.io/buyieo/ARTRINO

CoinsBit: https://coinsbit.io/ieo-list/ArtRino_107

ArtRino is revolutionizing the art market

Ever since collecting art became popular and these started to be considered assets, only the rich, elite, and powerful had access to it. Others couldn’t be part of the auctions. It wasn’t just unfair to the collectors but also to the artists. With there being a monopoly kind of situation, newcomers often found it challenging to get noticed. But, ArtRino plans to change that by bringing art to the people. The platform showcases every piece of artwork that is worthy of appreciation and reflects creativity.

One of the reasons that made it possible for ArtRino to reach the people was the growth of NFTs and the increased awareness around it. More and more people now want to collect and hold artistic NFTs, and ArtRino helps achieve that by acting as an intermediary between the buyer and the seller.

The ArtRino token is currently listed on BitMart and PanCakeSwap and plans to get listed on more than 10 exchanges this year. One to two listings have been scheduled for every month.

To find out more about ArtRino, visit https://www.artrino.info/.

Media Contact:

Contact Person: Abhishek C
Company: ArtRino Corp
Email: admin@artrino.info
Website: https://www.artrino.info/

Zagreb, Croatia–(Vehement Media – May 12, 2022) –  Following a successful launch in October 2021, Vetter Platform, with its LIVE dApp and robust CrowdX Calendar that gives investors timely data on upcoming blockchain releases, is launching a signature incubator with two distinct launchpads.

Heralded by many as “Crypto’s top vetting platform”, Vetter’s mission is to help rid the industry of scam tokens and provide advanced tools to investors to help them spot the next 100x. Vetter Platform incorporates advanced proprietary features powered by A.I. and crowdsourcing, designed for crypto users to confidently locate promising new crypto projects getting released to the market for the first time.

Vetter CrowdX – Your One-Stop Solution for the Next 100x

CrowdX Calendar holds the majority of in-house built Vetter features. It helps users discover and sort for hidden gems newly launching across multiple networks.

Scouts post projects to the Calendar and vetters ‘vet’ the projects with more in-depth research, while voters audit the project once it launches to validate the data post-launch.

CrowdX allows users to assess newly launching projects without having to spend massive time on the research-side- making the DYOR process faster with less overwhelm. Rather than missing out because of the time investment usually required to do proper research- the CrowdX Calendar allows crypto participants to spend more time getting into highly anticipated projects daily, weekly and monthly with educated foresight.

• Vetter CrowdX also has a range of features designed to enhance gem spotting and sorting, including:
• Launches – Where users can search vetted projects before they hit the market, and sort data based on the scouts previous posting track-record, which includes a color-coded ranking system. Purple scouts, for example in January’s data, were audited with a 91% success-record of posting projects with a 2x or more within 24-hours of their respective project launching.
• Intuitive Oracle Allowing users to sort for newly launching projects posted by scouts who have a successful track-record with previous projects performing within specific time-frames. For example, if a user prefers getting into projects that do a 2x or more in the first 24 hours of launching, they would filter by 24 hour time-frame. But if they prefer projects that have a higher probability of performing well long term, they would select a time-frame further out.
• Signals – A powerful social notification tool that enables users to follow their favorite scouts and members who are ranked highly on the platform, and be notified immediately once their target projects are about to launch.
• Tracker – Allows users to track the projects they are following or have already participated in.
• VetterNFT – Like CrowdX but for the NFT market. Spot new NFT projects about to be released before the world has learned about them.
• Vetter University – An educational video library curated by the global Vetter community to introduce users to the basics (and beyond) of decentralized finance (DeFi). This resource-hub accelerates the learning curve for users to quickly navigate the cryptosphere for greater “know-how” and awareness.
• VetterTA – A Technical Analysis tool enables users to search for and request TA data on projects on a hot-list of projects, saving users time in the DYOR process for recently released microcaps.
• VetterVine – A “heard it through the grapevine” style feature where big players drip rumors and news before they hit the mainstream, allowing Vetter Platform users to get a leg-up on market insights.
• Multiplier – Where users can collect up to 20x multipliers on their guaranteed allocations & royalties received from staking their Vetter Skylab Launchpad Tokens, just by simultaneously holding Vetter Tokens in their wallet.

A Vetter European Tour
Robyn Linn is representing Vetter Platform during the European events at BlockDown Croatia 2022 (May 11 to 13), Blockchain Week Rome 2022 (May 24 to 28), and the Berlin Blockchain Oracle Summit (June 7 to 9). Major billboards in Rome as well as targeted digital ad placements are also underway to maximize coverage and exposure. Come say ‘Ciao’ at the Vetter booths if you’re attending these events.

For more information, visit the main Website: https://vetter.ai

Vetter Platform dApp: https://vetterplatform.app
Media Contact:
media@vetter.ai

Dubai, United Arab Emirates–(Vehement Media – May 11, 2022) – UAE-based Venture Capital Fund NewTribe Capital, which invests in early-stage Blockchain and crypto projects, is set to invest five million USD in NEAR Protocol Ecosystem projects with the aim of boosting NEAR ecosystem’s growth in the UAE and globally.

NEAR Protocol (NEAR) is a leading blockchain platform for Web 3.0 development. It provides solutions for scaling and eliminating barriers to Web 3.0 adoption. NEAR’s features include high speeds, low fees, and progressive UX. It allows users to reach new levels of experience without the issues of traditional dApps experience when it comes to user experience, such as slower transaction times and costs.

“We’ve been following NEAR for a while and consider it a strong technology, we see big potential for its rapid growth. We are glad to be the first VC fund supporting the development of the NEAR ecosystem in the Middle East region. Having a strong VC partner such as us in the UAE will enable NEAR with the tools and support needed for effective growth,” stated Juliet Su, Partner, NewTribe Capital.

The NEAR Protocol is a Blockchain built for the Creator Economy. It offers a sustainable infrastructure and is a single marketplace where members of the community are the ones in control of their funds and data, providing them the tools to build their ideas.

NewTribe Capital is offering all the necessary resources including financial, advisory, marketing, and community outreach. In addition, NewTribe Capital’s collaboration with Octopus is providing the infrastructure for all projects ready to develop on the NEAR Protocol.

NewTribe Capital has already commenced its investments in several NEAR Protocol projects and will be announcing others soon.

Earlier last month, the fund received the ‘Best VC of the Year’ Award at the AIBC Asian 2022 Summit held in Dubai for its huge contribution to the blockchain ecosystem development.

About NewTribe Capital

NewTribe Capital is a growth-oriented Dubai-based Venture Capital fund that participates in seed and private sale allocation. We invest in early-stage blockchain and crypto projects and provide long-term support by creating a healthy partnership with them. 

For more information on the NewTribe Capital fund and its partnership opportunities, check out the official pages:

Website | Twitter | LinkedIn | Telegram

Media Contact:

Contact Name: Julia M
Company: NewTribe Capital
Email: fund@newtribe.capital

Los Angeles, California–(Vehement Media – May 10, 2022) – Northestar, a direct sales company specializing in the development of trusted wellness products, goes viral on the internet for their products nootropics and optimal nutrition. The company gained mass amounts of attention after recently going viral on the internet for their Nootropic Cognitive Technologies known as NCT. The NCT brand is a high-impact technology shown to yield significant results. Distributed in capsule form, the NCT products have been scientifically formulated to support cognitive function, optimal nutrition, and weight-management capabilities. Consumption of NCT can also boost energy levels, enhance overall mood, and amplify mental clarity.

“Northestar is a mission-first company, meaning we always put our customer first. It’s been so exciting to see so many people benefitting from our product since our launch last year. Our company takes pride in the effectiveness of the products we share, and our track record stands behind us to prove it,” said Ricky V, CEO of Northestar. “Our recent successes have given us the capital we need to develop new products to share with the world. Our customers can expect to see new Northestar breakthrough product technologies available within the next few months.”

Through the nootropic technologies and optimal nutrition elements built into their innovative products, Northestar is paving the way for the next generation of how people experience their optimal nutrition. The brand also places a heavy focus on bringing awareness to mental health. Internet users from around the world have raved about the noticeable results they have felt after consuming Northestar products. Northestar will continue to be an industry leader in nootropics and optimal nutrition as they continue to release products this year.

Interested consumers can purchase Northestar and NCT products at http://www.northestar.com/products.

Media Contact:
Contact Name: Ricky Villanueva and Demitrius Siruno
Email: support@northestar.com
Website: www.northestar.com

Los Angeles, California–(Vehement Media – May 10, 2022) –  The global leader in currency exchange rate calculation, CoinXC, is announcing the launch of its currency exchange rate image API for use on forum embeds, chats, and e-commerce.

“We decided to showcase our services with something that would be beneficial for middle-class people who are selling online in a multinational environment,” said the CCO of CoinXC, who then said, “It would be difficult to show prices for your items in different currencies, so our new service lets you embed an image that updates automatically.”

CoinXC, which started as a simple website, has now blossomed into an index monitoring the latest quote data for trades in all global and foreign currencies, as well as over 13,000 cryptocurrencies. 2022 has been a tremendous year for the company. “We’ve closed on some major partnerships with big sites, and we’re hoping to close with many others by the end of this year,” he said.

CoinXC is the leader in currency exchange rates and quotes. CoinXC is the only currency exchange rate calculator that provides the ability to calculate rates for every world foreign currency and over 13,000 cryptocurrencies and counting. The global leader, CoinXC, is proud to be a part of the CoinXC group.

Media Contact:
Website: coinxc.com
Name: Justin Lee – CCO
Email: root@coinxc.com

Singapore, Singapore–(Vehement Media – May 9, 2022) – Wu-Tang Clan members Method Man & Cappadonna announced that they had cooperated in the music NFT field with the trending Web3 music NFT platform Melos Studio. At the same time, Method Man and Cappadonna will also release their own music NFTs on Melos Studio.

Melos Studio presents Method Man & Cappadonna music NFTs in Binance NFT with their music NFT collection on May 10th. This music NFT Mystery Box series drop contains a mix of the First Release of newly-created exclusive songs from Method Man and Cappadonna, with well-designed visuals in the music cover, chances to co-create and video call with them.

Wu-Tang Clan is regarded as the most influential group in the hip hop field, helping to popularize and develop the East Coast hip hop and hardcore hip hop styles. Wu-Tang Clan released their debut album in 1993: “Enter the Wu-Tang (36 Chambers)”, and the album received widespread critical acclaim and has since consistently rated as one of the greatest hip hop albums of all time.

Clifford Smith, Jr., better known by his stage name Method Man, is an American rapper, songwriter, record producer, and actor. He is known as a member of the East Coast hip hop collective Wu-Tang Clan. As Wu-Tang Clan ascended to hip hop stardom, Method Man was always one of the most visible members of the collective. Method Man is the the-most commercial-value member of the East Coast hip hop collective Wu-Tang Clan.

Darryl Hill, better known by his stage name Cappadonna, is an American rapper. He is a member of the Wu-Tang Clan and had been U-God’s mentor. Cappadonna’s status as a Wu-Tang member or a featured artist has varied throughout the years, while long referred to by both the group and fans as the “Unofficial Tenth Member.” Cappadonna’s first solo effort was 1998’s The Pillage, which debuted and peaked at number 3 on the charts and was certified Gold. His follow-up – 2001’s The Ying and The Yang – debuted at number 51 on the charts.

The Series 1 of Method Man and Cappadonna’s newly exclusive music NFT will be dropped on Binance NFT(https://www.binance.com/en/nft/mystery-box/detail?number=1&productId=219308872228879360&ref=37332778) on May 10th 2022 through the web3 music NFT platform Melos Studio. Anyone who collects SSR music NFT can have the chance to win a zoom call with them or VIP tickets for the Wu-Tang Clan concerts.

About Melos Studio (https://melos.studio)

“In Melos, no music will be lost.”

Melos is a decentralized meta+music web3 collaboration platform for musicians and music creators. Melos Studio is a new unique create-to-earn and listen-to-earn music ecosystem on ETH, BNB and FLOW blockchain. Whether you are casual music fans or seasoned musicians/producers, the Melos platform provides tools and features to take both music enjoyment and NFTs to the next level.

Media Contacts:

Melos Studio
Bun T.
Email: info@melos.studio

Ile de France, Nanterre–(Vehement Media – May 5, 2022) – The French FinTech company PECULIUM, today announced a €10 Million investment commitment from GEM Global Yield LLC SCS (“GEM”), the $3.4 Billion, Luxembourg based, private alternative investment group that focuses on emerging markets with offices in Paris, Nassau (Bahamas) and New York. Prior to this capital infusion, PECULIUM raised $8 million through an Initial Coin Offering (ICO) back in 2018 and a seed round in 2020 led by Chatila Rais investments and joined by Trendigm & few others.

PECULIUM has developed a full range of AI-powered investment management tools on the blockchain focusing to bring savings management to everyone. PECULIUM has built saieve.io, a Wealth App, which, currently, acts as a layer on top of a user’s existing crypto brokerage account, offers a range of active investment strategies, and in the near future, pre-built portfolios called “baskets” based on themes and a risk score it assigns to each user after they take a suitability assessment. PECULIUM is an official broker partner with a handful of the most reputable exchanges in the world, including Binance, Huobi and OKX. More exchanges will be added in the near future.

Today, saieve.io is a web-based application with plans to go fully mobile within six months.Over $4 million in user funds are connected to the app, with the goal of growing assets under management (AUM) to more than $50M in 2022. The company says experienced and new traders alike can easily put their portfolio on autopilot by connecting their favorite crypto exchange to SAIEVE App. Until now, PECULIUM had grown organically its business with no formal marketing spend.

PECULIUM plans to use the funds to double its 16-person employee base in the next 12 months, invest in user acquisition, growth, and marketing, including the onboarding of a new chief marketing officer and will look to make hires for its deeptech and product development teams.

PECULIUM is also engaged either as a technology partner or as a principal in a very strong pipeline of new development that surely will establish PECULIUM as a strong player within the growing AI-powered Fintech and DeFi industry.

Moreover, PECULIUM is depositing “conseil en investissement financier (CIF)” and “Prestataire de Service en Actifs Numériques (PSAN)” agreements with the French Regulator (Autorité des Marchés Financiers) in preparation to widen its product offerings. “We’re going to continue to evolve our platform away from automating strategies and giving people this easy investment platform into actually offering structured products like risk-adjusted portfolios and giving curated investment advice to individuals based on their risk tolerance and life goals. We’re moving beyond just a ‘cool crypto portfolio manager’ to a true, regulated digital asset wealth advisor. PECULIUM’s award-winning, state-of-the-art platform will help clients easily manage their crypto wealth by providing access to financial planning capabilities, crypto banking services and investment management solutions.

“We are very much looking forward to implementing the GEM facility. This facility will put us in a position to develop our business and kick-off a new era of PECULIUM with higher ambitions.

“With GEM’s investment, we will establish our presence in Europe and expand into Western and Eastern European countries. Thus, we will scale and implement our international go-to-market strategy. I’m very happy to see that our hard work is being materialized and I’m looking forward to further developing our services,” says Bilel BEN TANFOUS Deputy CEO, PECULIUM.

Through this fundraising, PECULIUM’s digital-only platform tailored to next-gen affluent investors will accelerate its growth ambitions in Europe, broaden the firm’s reach among affluent investors and expand its distribution and capabilities.

About GEM

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets and has completed over 480 transactions in 70 countries from 5 continents.

GEM’s investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum.

Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. Our family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs) and select venture investments.

More company info at gemny.com.

Bilel Ben Tanfous
info@gemny.com

About PECULIUM

PECULIUM has always been a company driven to democratize access to investment opportunities previously only available to the very wealthy. The development of blockchain technology has been a key factor in enabling this ongoing financial revolution. But blockchain goes beyond offering a more efficient replica of the traditional financial ecosystem-it enables new business models that are better aligned with the incentives of all market participants.

PECULIUM has developed saieve.io, a crypto investment and asset management platform that connects to exchange accounts and allows users to instantly access vetted trading strategies and investment portfolios. Founded to simplify trading strategy for users without any technical experience, PECULIUM has a growing offering of automated investment products. 

Our purpose is to reduce the inequality across the world’s traditional financial system by allowing anybody, no matter how much capital they hold, to have access to some of the best investment opportunities.  PECULIUM is an economic equalizer that is powered by PCL, the cornerstone of our ecosystem. The launch of the PECULIUM Token (PCL) was another major step in this direction for PECULIUM. It is a community token that is designed to give back to our loyal community of investors, whilst incentivizing long-term, predictable and mutually beneficial investment positions in SAIEVE Investment products. The token is issued to PECULIUM investors who opt to lock-up (or stake) their Assets under management for predefined periods—contributing to additional expected returns on investments within the Investment products universe. By having greater certainty about the duration that investment positions in PECULIUM investment products will be held, opportunities for generating improved investment returns become available.

PCL acts as an indirect revenue-sharing mechanism as it derives its value from rebates on products fees that are used to purchase and destroy PCL from the open market (so-called buy-and burns). Parallels can be drawn between buy-and-burns and the phenomenon of share buybacks in traditional markets.

More company information at info@peculium.io

Web Application: https://www.saieve.io

Email: support@peculium.io

Telegram: https://t.me/ico_peculium

Twitter: https://twitter.com/_Peculium

YouTube: https://www.youtube.com/c/PeculiumPCL

Singapore, Singapore–(Vehement Media – May 5, 2022) – Finally, the highly-anticipated launch of Polkadot ground-breaking technology called Cross-Consensus Messaging (XCM) is just around the corner. With the launch of XCM, Polkadot’s native coin called DOT will finally be ready to be traded, sent and composed across all parachains on the Polkadot network.

What this means is that finally users be able to trade and stake their DOT on StellaSwap, which is the leading DEX on Moonbeam network.

DOT Farm Launch Details

The DOT that will be launched on Moonbeam is called xcDOT.

XC-20s are a unique asset class on Moonbeam. It combines the power of Substrate assets (native interoperability) but allows users and developers to interact with them through a familiar ERC-20 interface via a precompile contract (Ethereum API) XC-20s & Cross-Chain Asset Overview by Moonbeam

The details of DOT farm launch on StellaSwap is as follows:

Farms that will Launch: xcDOT-GLMR
Farms Open for Deposit: 4 May, 16:00 PM UTC
Farm Rewards go Live: 5 May, 16:00 PM UTC
Reward Tokens: STELLA & GLMR
Bridge: None! Feel the power of bridgeless transfers on Polkadot

DOT is Finally Coming to Polkadot. Why the Delay?

Before the launch of XCM, the utility for native DOT usage is limited to crowdloan contributions for aspiring parachains auctions. In order for parachains to go live on Polkadot, they need to garner support from the community by going through an auction for leasing a spot on the network. The more crowdloans that a parachain garners, the higher the probability that it wins a parachain slot. The underlying DOT provided by investors to a crowdloan is locked for the entire duration of the ease, which amounts to around 2 years. In return, investors get an allocation of the underlying tokens of the parachain.

Beyond crowdloans, it didn’t make sense for DOT to be available on the network until XCM is launched. This is because XCM unlocks a core premise of the huge potential of Polkadot: Interoperability.

Why XCM is a Huge Leap for Blockchain Interoperability

In order to understand the potential of XCM, understand that a major limitation of blockchain networks is interoperability; this means that it is hard for a blockchain to interact with another blockchain as they are made differently. For example, it is hard for Ethereum blockchain to interact with Ripple network. Therefore imagine that each blockchain network is a silo on its own, and the lack of interoperability across networks inhibits on the potential of blockchain networks and shifts dependencies towards centralized bridging solutions for value transfers. Here are the benefits of an interoperability.

#1: Greater Decentralization

Having numerous application-specific blockchains that communicates with each another through a decentralized main hub leads to greater efficacy, as specialized blockchain networks can instead focus on their business logic rather than the underlying security infrastructure. That’s how Polkadot was designed. Additionally, having a universal framework for interacting between different network reduces the dependencies on current bridging solutions, which are often centralized. Lots of bridging hacks have occurred, resulting in hundreds of millions of dollars in lost funds.

#2: Creating More Powerful Products that Streamlines Complex User Experience

Composability; that a powerful concept in DeFi that allows the creation of products and services by simply combining various interoperable components to create greater value, just like Lego blocks. Right now, composability is limited to blockchain-specific networks like Yearn finance on Ethereum.

#3: Enhanced Cross-Chain Collaboration

Interoperability across organizations, dApps and communities that wouldn’t typically interact with one another would be able to exchange information, leverage each other strengths, and cultivate innovation more effortlessly and effectively.

Polkadot represents a networks of heterogenous parachains connected to a decentralized single main chain called the Relay Chain where security, finality, and communication is shared while the parachains are free to focus on what matters to them; their specialized business logic.

XCM is the technology framework that allows interoperability of blockchain networks, where messages across different parachains can be passed seamlessly and in a decentralized manner.

About StellaSwap

StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. StellaSwap products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.

Website | Twitter | Medium | Telegram | Github | Gitbook | Reddit | Discord

Media Contact:
Contact person – Atticus
Email: stellaswap@gmail.com

London, United Kingdom–(Vehement Media – May 4, 2022) – Placecube’s Chief Executive, Jason Fahy, recently confirmed the company’s continued growth in supporting Local Authorities in England with its Digital Place software platform. He also announced the company’s intentions to extend beyond Local Government and outside of England. Fahy pointed to recent contract wins within two UK Central Government bodies and a Police Force and added that the company was in advanced discussions with several other prospective customers, which would see the company start to make inroads into delivering the growth ambitions.

Fahy confirmed that Placecube will continue to champion its modular (Cube) approach to building open digital solutions for its customers. He explained that a Cube represents Placecube’s take on the idea of “Lego platforms” – the idea that it’s time to move beyond closed proprietary monolithic systems at one end of the spectrum, and coding from scratch every time at the other end, to a place where reuse of modern, internet age, digital services built on open standards and open APIs enables the public sector to stop reinventing the wheel for the things they do in common. He explained that at their simplest, Cubes are packages of programming code that are deployed as a single unit to meet a defined purpose or user need – a building block for a joined-up digital experience.

Over the past year, Placecube has worked with its customers to create an ambitious product roadmap and to commence the co-production and release of several product enhancements. Fahy sees this work as critical to client retention and delivering the company’s growth aspirations. He explained that the reuse of common components, or chunks of code, naturally offers appeal beyond the current geography and client base and that new customers from non-traditional sources are latching on to the opportunity to create digital platforms that are tailored to their needs, at lower cost and at lower risk than starting from scratch. He again pointed to the recent contract wins as early proof points of this.

Organisations that have adopted Placecube’s Digital Place product, benefit from a software-as-a-service based open digital platform that provides them with proven integrated digital services designed by the public sector for the public sector. With a transparent costing model, and around the clock platform support, organisations can focus on providing and maintaining high-quality customer-facing services.

Core components to support digital services include case management, customer contact management (CRM), low code form builders, and workflow and sector-specific page templates. The offering also embeds the powerful Liferay Digital Experience Platform, enabling full code development for those customers seeking to develop new services.

Fahy wrapped up by providing several examples of where Placecube’s Digital Place product had grown over the past year. He said in most cases the product enhancements were initially developed to meet a specific customer’s needs, but in each case, the solution actually resolved common challenges faced by multiple customers. One example included the CRM solution that was designed by Local Government Customer Service Agents and is now being deployed to other Local Authorities and into Central Government. Another example is the extension of low code tools to give customers greater control and the ability to shape their own solutions. Fahy finished by saying that his product continues to be shaped by Placecube’s customers and centred on their users’ needs.

About Placecube

Placecube builds open digital platforms that make the Users’ digital journey easier, faster and better connected, through its product, Digital Place. Organisations can tailor their Digital Place to their requirements by selecting pre-built, reusable components (Cubes) or developing new ones.

Placecube’s growth and success stem from its team’s entrepreneurial spirit and open collaboration with its customers. To learn more about this innovative digital services business, please visit https://placecube.com

Media Contact:
Placecube Limited
Source: placecube.com
Email address: enquiries@placecube.com
Phone number: +44 (0)208 895 6756