Spacewalkers, a gaming studio, is revolutionizing the way that investors can participate in the profits of their projects. The company is releasing a series of games and offering the opportunity for anyone to invest in them through the use of blockchain technology. Spacewalkers is an already established developer with a portfolio of released and upcoming games. Check them out here before reading about the studio’s history and how you can get involved. Go to STEAM!
Spacewalkers: delivering games fast!
When consistency is key, it can be important to select a project that does more than make grand gestures and empty promises. With a host of meme coins and scams out there, credibility is an important factor to take into consideration – and this is where Spacewalkers comes in.
Founded in 2020, the Spacewalkers development team is Polish and comprises of individuals who not only have decades of experience over multiple projects in well-established studios such as Flying Wild Hog and Techland, but a proven track record of performance and delivering on their promises. Their first release, Interregnum Chronicles: Signal, was launched in 2021 to offer investors and players alike the ability to familiarize themselves with the brand and get a taste of exactly what’s to come. The first title in their portfolio, released on the Steam platform, gave them an overview of the logistics involved when completing production and gaining certification, alongside experience in game release on a global platform, promotion and connecting with players – and all of this was achieved in just six months.
To further prove that Spacewalkers delivers, earlier this year, the team made the snap decision to create a simple turn-based strategy game to show their support for Ukraine amid Russia’s invasion. Ukraine Defense Force Tactics (UDFT) was soon created and widely praised by players around the world, including Ukraine itself. All proceeds from the sale of the game were donated to victims of the war and reputable local charities.
About Interregnum Chronicles: False Prophet
Studio’s next game and biggest one yet is an ambitious project about survival in a post-apocalyptic world in which extraterrestrial civilizations wage war over ruins of Earth while ordinary people fight for survival. Humanity was decimated by a mysterious mind virus and the world was thrusted into a new ice age while the magnetic poles abruptly shifted. The game offers a refreshing perspective of a group of ordinary people caught in events that transcend their understanding – their small tragedies quietly play out in the background of events that will decide the fate of the world.
The first proper game in the series, Interregnum Chronicles: False Prophet, is set for release in the first quarter of 2024 and Spacewalkers aims to create 3-6 games in the series over the course of the next 6-8 years. These games are unique in the fact that they present standalone stories set within a wider fictional universe that is already well-established. This means that it has the additional potential of targeting fans of the novel, as well as those who enjoy sci-fi literature. Spacewalkers are also aiming to complete the book trilogy and branch out into other mediums, such as film and more.
Why get involved with Spacewalkers?
When it comes to selecting a worthwhile project in the gaming industry, the wisest decision will be to opt for a reliable, established team that has already earned their place within this growing industry. Spacewalkers are one such team and you could soon be part of a growing community with a wealth of potential both now and for the future. As blockchain technology is impacting the gaming industry, Spacewalkers are aiming to design and deliver a practical and meaningful experience for players, alongside a cutting-edge investment model. The gaming sector in Poland is a consistently evolving industry and Polish game producers are not only stepping up to compete with other leading developers on the world stage but are actually leading in terms of quality and ingenuity of games created there.
How to get involved?
Investing in Spacewalkers is simple: all you have to do is purchase the Spacewalker Token (SWT) on the TECRA SPACE. The supply of SWT is limited as there is going to be only 20M tokens in total. All of them are available for purchase during the investment phase after which the unsold tokens are burned to secure the value of sold tokens. So far over 6M tokens were sold to investors and the company has pledged to use 40% of their profits from the games to buy back SWT from exchanges. These tokens are then also destroyed, creating a deflationary feedback loop that benefits holders of the token even further.
But it’s not just the buyback program that makes investing in Spacewalkers a smart move. Not only do investors directly participate in the profits of Spacewalkers’ games, but they also benefit from the fact that SWT will be freely traded on crypto exchanges. This means that not only do you have the opportunity to earn a share of the profits, but you also have the potential to see the value of your investment increase as the demand for SWT grows. Also, it means that investors can sell their tokens at any time, potentially realizing a profit on their investment.
Additionally, SWT will serve as a utility token within the Spacewalkers games, serving as the in-game currency. Players will be able to use SWT to purchase in-game items, such as new skins, weapons, or other enhancements. As the popularity of Spacewalkers’ games grows, so too will the demand for SWT, potentially increasing the value of the token.
Overall, Spacewalkers’ innovative approach to funding and investing in their games represents a major shift in the gaming industry. By allowing anyone to become an investor through the use of cryptocurrency, they are democratizing the process and giving more people the opportunity to participate in the success of their projects.
Don’t pass up the opportunity to invest in the most innovative, driven game studio in the gaming industry and buy your tokens for Spacewalkers on TECRA SPACE.
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Spacewalkers, a gaming studio, is revolutionizing the way that investors can participate in the profits of their projects. The company is releasing a series of games and offering the opportunity for anyone to invest in them through the use of blockchain technology. Spacewalkers is an already established developer with a portfolio of released and upcoming games. Check them out here before reading about the studio’s history and how you can get involved. Go to STEAM!
Spacewalkers: delivering games fast!
When consistency is key, it can be important to select a project that does more than make grand gestures and empty promises. With a host of meme coins and scams out there, credibility is an important factor to take into consideration – and this is where Spacewalkers comes in.
Founded in 2020, the Spacewalkers development team is Polish and comprises of individuals who not only have decades of experience over multiple projects in well-established studios such as Flying Wild Hog and Techland, but a proven track record of performance and delivering on their promises. Their first release, Interregnum Chronicles: Signal, was launched in 2021 to offer investors and players alike the ability to familiarize themselves with the brand and get a taste of exactly what’s to come. The first title in their portfolio, released on the Steam platform, gave them an overview of the logistics involved when completing production and gaining certification, alongside experience in game release on a global platform, promotion and connecting with players – and all of this was achieved in just six months.
To further prove that Spacewalkers delivers, earlier this year, the team made the snap decision to create a simple turn-based strategy game to show their support for Ukraine amid Russia’s invasion. Ukraine Defense Force Tactics (UDFT) was soon created and widely praised by players around the world, including Ukraine itself. All proceeds from the sale of the game were donated to victims of the war and reputable local charities.
About Interregnum Chronicles: False Prophet
Studio’s next game and biggest one yet is an ambitious project about survival in a post-apocalyptic world in which extraterrestrial civilizations wage war over ruins of Earth while ordinary people fight for survival. Humanity was decimated by a mysterious mind virus and the world was thrusted into a new ice age while the magnetic poles abruptly shifted. The game offers a refreshing perspective of a group of ordinary people caught in events that transcend their understanding – their small tragedies quietly play out in the background of events that will decide the fate of the world.
The first proper game in the series, Interregnum Chronicles: False Prophet, is set for release in the first quarter of 2024 and Spacewalkers aims to create 3-6 games in the series over the course of the next 6-8 years. These games are unique in the fact that they present standalone stories set within a wider fictional universe that is already well-established. This means that it has the additional potential of targeting fans of the novel, as well as those who enjoy sci-fi literature. Spacewalkers are also aiming to complete the book trilogy and branch out into other mediums, such as film and more.
Why get involved with Spacewalkers?
When it comes to selecting a worthwhile project in the gaming industry, the wisest decision will be to opt for a reliable, established team that has already earned their place within this growing industry. Spacewalkers are one such team and you could soon be part of a growing community with a wealth of potential both now and for the future. As blockchain technology is impacting the gaming industry, Spacewalkers are aiming to design and deliver a practical and meaningful experience for players, alongside a cutting-edge investment model. The gaming sector in Poland is a consistently evolving industry and Polish game producers are not only stepping up to compete with other leading developers on the world stage but are actually leading in terms of quality and ingenuity of games created there.
How to get involved?
Investing in Spacewalkers is simple: all you have to do is purchase the Spacewalker Token (SWT) on the TECRA SPACE. The supply of SWT is limited as there is going to be only 20M tokens in total. All of them are available for purchase during the investment phase after which the unsold tokens are burned to secure the value of sold tokens. So far over 6M tokens were sold to investors and the company has pledged to use 40% of their profits from the games to buy back SWT from exchanges. These tokens are then also destroyed, creating a deflationary feedback loop that benefits holders of the token even further.
But it’s not just the buyback program that makes investing in Spacewalkers a smart move. Not only do investors directly participate in the profits of Spacewalkers’ games, but they also benefit from the fact that SWT will be freely traded on crypto exchanges. This means that not only do you have the opportunity to earn a share of the profits, but you also have the potential to see the value of your investment increase as the demand for SWT grows. Also, it means that investors can sell their tokens at any time, potentially realizing a profit on their investment.
Additionally, SWT will serve as a utility token within the Spacewalkers games, serving as the in-game currency. Players will be able to use SWT to purchase in-game items, such as new skins, weapons, or other enhancements. As the popularity of Spacewalkers’ games grows, so too will the demand for SWT, potentially increasing the value of the token.
Overall, Spacewalkers’ innovative approach to funding and investing in their games represents a major shift in the gaming industry. By allowing anyone to become an investor through the use of cryptocurrency, they are democratizing the process and giving more people the opportunity to participate in the success of their projects.
Don’t pass up the opportunity to invest in the most innovative, driven game studio in the gaming industry and buy your tokens for Spacewalkers on TECRA SPACE.
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals
A bitcoin ATM operator has been indicted in New York for running an illegal business "marketed towards individuals engaged in criminal activity." The district attorney in charge described: "Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk ... read more.
Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital currencies classified as “liquid assets.” However, two of the firm’s top cryptocurrency caches are not liquid as the company’s 47.51 million SOL tokens are locked and the firm’s FTT balance distorts the realization of actual liquidity due to FTX’s control of more than 80% of the supply.
On Jan. 17, 2023, FTX debtors published a press release and visual presentation of assets discovered since the company filed for Chapter 11 bankruptcy protection on Nov. 11, 2022. The FTX debtors claim to have found $5.5 billion via a “herculean investigative effort,” with $3.5 billion reportedly being crypto assets. The visual presentation explains that FTX controls around $685 million in solana (SOL) tokens, approximately 47,511,173 SOL, and using today’s SOL exchange rate, that cache is worth much more than $685 million.
However, the SOL owned by FTX debtors is locked and this aspect is not mentioned in the visual presentation shown to unsecured creditors. It has been reported that FTX/Alameda managed to purchase 16% of the SOL supply from the Solana Foundation, but there is a lockup schedule. The current stash of 47.51 million SOL equates to 8.82% of the total supply the Solana network will eventually issue over time. Presently, there is only 370,992,365 SOL in circulation and that does not account for the 47.51 million locked SOL owned by the liquidators.
The problem with calling this cache of SOL liquid is that it is locked and subject to linear vesting through 2025-2027, and it could take years before the funds can be accessed. Additionally, the debtors’ cache of ftx token (FTT), a coin originally created by the core FTX team, is also not liquid because FTX controls more than 80% of the entire supply. For example, the Ethereum (ETH) address “0x97f” controls 45,850,883 FTT, worth more than $1.8 billion using today’s exchange rates. The FTX debtors’ presentation shows the FTT as being worth $529 million worth of FTT tokens.
The locked Solana issue and the fact that FTX owns most of the FTT in circulation puts these tokens more on the side of being illiquid. This could complicate the bankruptcy process and payments to creditors because it would be difficult to convert these assets into cash or other crypto assets without significantly impacting the market price.
Even if the SOL were unlocked, dumping 47.51 million SOL on the market would cause disruptions. Additionally, FTT suffers from low trading volume, limited exchange listings, few use cases, and the company controls most of the FTT supply. Because FTX holds a significant amount of the total FTT supply, it can easily affect the ability to trade it. Calling these caches of SOL and FTT tokens “liquid” is questionable as data does not support that definition.
What are your thoughts on FTX’s discovery of $5.5 billion in liquid assets, despite the presence of locked SOL and illiquid FTT holdings? How do you think this will impact the bankruptcy process and payments to creditors? Share your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital currencies classified as “liquid assets.” However, two of the firm’s top cryptocurrency caches are not liquid as the company’s 47.51 million SOL tokens are locked and the firm’s FTT balance distorts the realization of actual liquidity due to FTX’s control of more than 80% of the supply.
On Jan. 17, 2023, FTX debtors published a press release and visual presentation of assets discovered since the company filed for Chapter 11 bankruptcy protection on Nov. 11, 2022. The FTX debtors claim to have found $5.5 billion via a “herculean investigative effort,” with $3.5 billion reportedly being crypto assets. The visual presentation explains that FTX controls around $685 million in solana (SOL) tokens, approximately 47,511,173 SOL, and using today’s SOL exchange rate, that cache is worth much more than $685 million.
However, the SOL owned by FTX debtors is locked and this aspect is not mentioned in the visual presentation shown to unsecured creditors. It has been reported that FTX/Alameda managed to purchase 16% of the SOL supply from the Solana Foundation, but there is a lockup schedule. The current stash of 47.51 million SOL equates to 8.82% of the total supply the Solana network will eventually issue over time. Presently, there is only 370,992,365 SOL in circulation and that does not account for the 47.51 million locked SOL owned by the liquidators.
The problem with calling this cache of SOL liquid is that it is locked and subject to linear vesting through 2025-2027, and it could take years before the funds can be accessed. Additionally, the debtors’ cache of ftx token (FTT), a coin originally created by the core FTX team, is also not liquid because FTX controls more than 80% of the entire supply. For example, the Ethereum (ETH) address “0x97f” controls 45,850,883 FTT, worth more than $1.8 billion using today’s exchange rates. The FTX debtors’ presentation shows the FTT as being worth $529 million worth of FTT tokens.
The locked Solana issue and the fact that FTX owns most of the FTT in circulation puts these tokens more on the side of being illiquid. This could complicate the bankruptcy process and payments to creditors because it would be difficult to convert these assets into cash or other crypto assets without significantly impacting the market price.
Even if the SOL were unlocked, dumping 47.51 million SOL on the market would cause disruptions. Additionally, FTT suffers from low trading volume, limited exchange listings, few use cases, and the company controls most of the FTT supply. Because FTX holds a significant amount of the total FTT supply, it can easily affect the ability to trade it. Calling these caches of SOL and FTT tokens “liquid” is questionable as data does not support that definition.
What are your thoughts on FTX’s discovery of $5.5 billion in liquid assets, despite the presence of locked SOL and illiquid FTT holdings? How do you think this will impact the bankruptcy process and payments to creditors? Share your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
PRESS RELEASE. San Francisco, California, January 18, Chainwire: Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3.
Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a deep integration with Coinbase that optimizes the process for Cosmos SDK chains to integrate with Coinbase helping to drive new liquidity to the Cosmos ecosystem.
Unlocking Cosmos Liquidity
Coinbase’s native integration with Kava allows for easy listing of Kava ecosystem projects, KAVA staking on Coinbase, and unlocks DeFi usage for Coinbase users on Kava. Additionally, Kava worked with the Coinbase team to make it significantly easier for Cosmos chains to list on the exchange, unlocking access to liquidity for Cosmos projects and further driving the adoption and growth of the entire Cosmos ecosystem. The entire process whittles the timeline for integrating Cosmos SDK chains to Coinbase from 12-18 months to a single month. Cosmos chains can now be integrated as easily as ERC-20 tokens. A major step forward to increasing liquidity within the Cosmos Ecosystem
“It’s exciting to see Kava listed on the largest US-regulated exchange. Coinbase sets the standard as the most important on-ramp for new users and capital into the blockchain ecosystem. I look forward to growing Kava’s exposure to new users, which will have downstream effects for all protocols in the Kava Rise program and the Cosmos ecosystem.” — Scott Stuart, CEO of Kava Labs
Fueling Protocol Growth with Kava Rise
Kava was built from the ground up to optimize its resources for protocol growth, strengthened by its Cosmos-EVM technology that enables maximum scalability, speed, security, and developer support. In 2022, Kava combined on-chain and off-chain growth mechanisms into a single developer incentive program called Kava Rise.
Kava Rise aims to set a new standard for enabling growth and demand for thousands of Web3 protocols. Builders earn a share of Kava Rise’s $750M developer incentive fund via the program’s blockchain-based distribution method, designed to reward the top protocols every month based on usage. More than 50 protocols like Curve Finance, Sushi, and Beefy Finance have collectively brought more than $15M TVL into the ecosystem, showcasing the program’s ability to enable protocols to grow and thrive regardless of market conditions.
About Kava
Kava charges Web3 growth with the best on-chain incentives and Cosmos-EVM sidechain tech. Join the network bringing millions into Web3 at kava.io
Contact
Media Manager
Guillermo Carandini
Kava Labs
guillermo.carandini@kava.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. San Francisco, California, January 18, Chainwire: Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3.
Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a deep integration with Coinbase that optimizes the process for Cosmos SDK chains to integrate with Coinbase helping to drive new liquidity to the Cosmos ecosystem.
Unlocking Cosmos Liquidity
Coinbase’s native integration with Kava allows for easy listing of Kava ecosystem projects, KAVA staking on Coinbase, and unlocks DeFi usage for Coinbase users on Kava. Additionally, Kava worked with the Coinbase team to make it significantly easier for Cosmos chains to list on the exchange, unlocking access to liquidity for Cosmos projects and further driving the adoption and growth of the entire Cosmos ecosystem. The entire process whittles the timeline for integrating Cosmos SDK chains to Coinbase from 12-18 months to a single month. Cosmos chains can now be integrated as easily as ERC-20 tokens. A major step forward to increasing liquidity within the Cosmos Ecosystem
“It’s exciting to see Kava listed on the largest US-regulated exchange. Coinbase sets the standard as the most important on-ramp for new users and capital into the blockchain ecosystem. I look forward to growing Kava’s exposure to new users, which will have downstream effects for all protocols in the Kava Rise program and the Cosmos ecosystem.” — Scott Stuart, CEO of Kava Labs
Fueling Protocol Growth with Kava Rise
Kava was built from the ground up to optimize its resources for protocol growth, strengthened by its Cosmos-EVM technology that enables maximum scalability, speed, security, and developer support. In 2022, Kava combined on-chain and off-chain growth mechanisms into a single developer incentive program called Kava Rise.
Kava Rise aims to set a new standard for enabling growth and demand for thousands of Web3 protocols. Builders earn a share of Kava Rise’s $750M developer incentive fund via the program’s blockchain-based distribution method, designed to reward the top protocols every month based on usage. More than 50 protocols like Curve Finance, Sushi, and Beefy Finance have collectively brought more than $15M TVL into the ecosystem, showcasing the program’s ability to enable protocols to grow and thrive regardless of market conditions.
About Kava
Kava charges Web3 growth with the best on-chain incentives and Cosmos-EVM sidechain tech. Join the network bringing millions into Web3 at kava.io
Contact
Media Manager
Guillermo Carandini
Kava Labs
guillermo.carandini@kava.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. 2022 is an extraordinary year for the crypto industry, and it is also a year of struggle for both institutions and users. For CoinEx, 2022 was also a special year – quite a few crypto platforms collapsed overnight, and the panic continued as the market went through disruptive changes in Q3 and Q4 of the year. As a global crypto exchange, CoinEx is keenly aware that an exchange cannot survive bulls and bears, or achieve any progress, without consistent improvement of products and services.
In 2022, CoinEx amassed 4.5 million registered users, providing services in 15 languages throughout 200+ countries and regions. Meanwhile, CoinEx set new records in terms of trading volume, the number of cryptos listed, product & service improvement, brand promotion and upgrade, charity, and investment in the last year.
New Milestones: Record-Breaking Trading Volume and New Listings
CoinEx keeps exploring outstanding, innovative crypto projects, and has now supported 600+ cryptos in 1,000+ trading markets, reaching an industrial top level in crypto listing. In 2022, the cumulative Spot and Futures trading volume on CoinEx reached $243.3 billion, and the daily trading volume reached $2.3 billion. As for value-added services, the highest average daily APY in AMM market peaked at 96.08%. During the year, CoinEx has saved over $4.22 million in trading fees for all VIP users, via fee discounts and CET deductions.
This year, we have taken the application scenario and value of CET, the native token on CoinEx Exchange and CoinEx Smart Chain, to the next level: Adhering to the CET value agreement, CoinEx continues to implement the daily repurchase and monthly destruction policies, and has cumulatively repurchased and burnt more than 660 million CET, worthy of $30 million USD.
100% Reserve: Proof of Reserve via “Merkle Tree” Audit Method
In December 2022, as the crypto market encountered a series of turmoil and trust crises, CoinEx responded quickly and launched “Merkle Tree” audit method as Proof of Reserve, becoming one of the earliest crypto trading platforms to disclose proof of reserve. CoinEx has always adhered to the bottom line and practiced to maintain a 100% reserve ratio. CoinEx will never use users’ assets for other purposes for any reason, and 100% guarantees withdrawals, adhering to the principles of security and transparency.
The support of “Proof of Reserve” not only reassures CoinEx users, but also adds a transparent, secure shield to user assets. In the last 5 years, CoinEx has maintained a zero-accident record and built an extremely stable system protected by comprehensive measures, safe-guarding all user assets.
Serial Integrations: Continuous Product & Service Perfection
CoinEx has accumulated 100+ rounds of product optimization and service upgrades throughout the year, covering three major aspects: New services, New experiences, and New upgrades:
In 2022, CoinEx launched exclusive features such as Swap Trading, Dock, Tradeboard, Voucher Center, etc., allowing users to swap cryptos with great flexibility, and offering users a versatile range of appealing giveaway events with a smooth user experience.
In 2022, to provide all-new trading experiences, CoinEx restructured and upgraded a series of functions, including Spot trading, Financial service, AMM service, deposit and withdrawal services, asset management, VIP membership, CoinEx Ambassador, Help Center, etc. Via webpage upgrades and flexible adjustments of the account structure and tech framework, CoinEx also rolled out quite a few new features, including Ambassador Referrers, Withdrawal Multi-Approval, dynamic adjustment of Margin interest rates and more. With these new features, users can try out more crypto highlights and receive more incentives from CoinEx.
In 2022, CoinEx launched new upgrades in market overview, contract data, new listing, and Fiat services. In particular, market overview and contract data have helped users keep up with the real-time market changes on CoinEx, and make smarter investment decisions. As more and more fiat service providers join CoinEx, we have also hosted quite a few 0-fee promotions to improve the Fiat trading experience.
New Slogan: Stepping up With Branding Promotion
In April 2022, CoinEx rebranded and redefined our slogan to “Making Crypto Trading Easier”, aiming to break free from the traditional financial shackles and make the crypto market more accessible. Moreover, CoinEx would like to provide all users with easy-to-use crypto products and convenient services, and work as a major gateway for global crypto enthusiasts to the crypto world.
Over the past year, CoinEx has accumulated over one million followers across all social media platforms. Welcomed and invited by 27 blockchain events, CoinEx has spent nearly $1 million sponsoring 31 international competitions and events covering over 200 countries and regions, including the 2022 Rugby League World Cup.
What’s more, CoinEx was reported over 13,000 times by global media, influencing over 100 countries and regions, and was nominated in Top 7 Fastest Growing Brands in Financial Services by SimilarWeb.
Charity and Capital: Humanitarian Assistance and First-rate Project Investment
Under the guidance of “Via Blockchain, Making the World a Better Place”, CoinEx Charity, a non-profit organization, was founded by CoinEx Exchange in 2022. After the foundation of the Multi-Million-Dollar Charity Fund, CoinEx Charity focuses on helping the vulnerable and is actively involved in charitable activities of all fields, committed to humanitarian relief, development, education, poverty alleviation, emergency relief, free medical care, etc. Working with other charities and governments in 31 rural areas around the world, CoinEx has carried out 32 donations, helping 30,000+ people in need.
In 2022, ViaBTC Capital invested in a total of 12 quality projects throughout the year, focusing on supporting and incubating 8 projects, mainly in Web 3.0, Layer 2 and DApps that combine DeFi, NFT or DAO. As of December 2022, ViaBTC Capital has invested in funds including Pantera Capital, IOSG Ventures, and Shima Capital, built over 50 investment partnerships and networks, and attended more than 20 blockchain AMA sessions and conferences.
ViaBTC Capital: 2022 Review and 2023 Forecast in Crypto Industry >>
In addition to user growth, premium crypto assets, and product & service upgrades, CoinEx also endeavored to build a global presence and strive for industry progress. Over the years, CoinEx has been working hard to make crypto products easy and accessible to all. In the last 12 months, CoinEx has impressed the market with excellent performance through solid efforts.
In 2023, CoinEx will remain devoted to our original motivations, keep perfecting products & services, and forge ahead to make the blockchain world a better place.
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Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
Source From : News