Flare, the world’s first Turing-complete Federated Byzantine Agreement (FBA) network, has attracted investment from several top-tier venture capital funds.
The project raised a total of $11.3 million in its latest funding round, led by Kenetic Capital with investment from such firms as Digital Currency Group, Coinfund, LD Capital, cFund, Wave Financial, Borderless Capital, and Backend Capital.
Additional financing came from private investors Vinny Lingham, Do Kwan, and Litecoin founder Charlie Lee, as well as Newform Capital, Genesis Capital, ZB Group, MXC and DeFi Capital.
“The investment announced today demonstrates a belief in Flare’s potential to unleash the value and unlock the community in chains that do not have native smart contracts” said Flare CEO Hugo Philion.
“Flare’s goal is to bring additional utility to all chains and ecosystems that are integrated with it. The investment brings into the Flare ecosystem key participants in the investment community, together with major exchanges, market makers, blockchain founders and entrepreneurs that have an interest in driving meaningful developments and participation on Flare. We are grateful for all investors’ support in helping bring the Flare Network to fruition.”
Jehan Chu, Managing Partner of Kenetic, said “Flare’s unique protocol will unleash a tidal wave of value and engagement across some of the world’s largest crypto market caps and active communities. By providing smart contract functionality to payment tokens like Doge, XRP, LTC and others, users will finally be able to activate their assets across DeFi, NFT’s, and a universe of utility. We are excited to be on this journey and supporting Flare as they supercharge the crypto ecosystem”
Flare enables additional utility for tokens via its smart contracts, with the native FLR token functioning as collateral for the trustless issuance of assets from payment chains that do not have smart contracts. Initially, Flare will focus on XRP, XLM, Litecoin, and Dogecoin.
Several DeFi, NFT, regulated privacy, multiverse and gaming projects have already announced that they will launch on Flare, whose Oracle system currently features at least 16 data providers.
A portion of Flare’s token, Spark (FLR), is being distributed to XRP holders who held XRP on 12th December 2020. Over 100 global exchanges participated in the Flare Token distribution with the majority of those exchanges also agreeing to list the token. Further token distribution is made automatically through a daily distribution to participants that hold trustlessly issued assets on Flare that originate from the integrated underlying chains.
“We are excited to support Flare and their commitment to bring EVM features to blockchains that do not have them. We will be submitting a governance proposal at the earliest opportunity to integrate the Algorand network and its native assets with Flare. There is an incredible unlocked value opportunity through the interoperability of all the other non-smart contract blockchain like LTC, DOGE, XLM or XRP. We are looking forward to collaborating with the Flare team and all of the Borderless Capital portfolio companies,” said David Garcia, CEO and Managing Partner of Borderless Capital.
About Flare
Flare is a scalable, highly decentralized smart contract platform that runs the Ethereum Virtual Machine and utilizes Federated Byzantine Agreement-based consensus.
The platform’s native token Spark (FLR) enables Flare to unleash the tremendous value and community created by existing tokens that do not currently have native smart contracts. Flare is initially integrating Doge, Litecoin, XRP and XLM. Any other token can be integrated through community governance voting.
Flare is unique in that it derives its network structure from its underlying integrated networks, leveraging the decentralisation and security of the underlying networks.
Flare’s development team features experts from the worlds of electronic engineering, distributed systems, quantum computing, mathematics, computer science, quantitative finance and risk management.
Ruffer left the Bitcoin market after netting a profit of over $1.1 billion
The firm started its investment in the market with 600 million
Investment Director Hamish Baillie says a return to the market is not out of the question
UK-based investment manager Ruffer entered the Bitcoin market last November with an investment of around $600 million. It didn’t take long for the company’s bet on BTC to start paying off nicely, as the company managed to reap a $750 million profit just a few months later while still holding a sizeable Bitcoin position.
Now, the company’s investment director Hamish Bailie says that the company has sold off all the Bitcoin it owned. In total, the Bitcoin investment generated over $1.1 billion in profits for Ruffer.
Before now, the company already conceded that it had sold off some of its assets for a profit of a region around $750 million, which is sold across December and January this year. In a statement that the Investment Director gave at the firm, Hamish Baillie pointed out that the firm held up its position since they started investing and gathered a total reward of $1.1 billion.
Giving their reasons for exiting the market at this period, the company discussed market sentiment. It pointed out that young people would spend less of their time trading Bitcoin because of the pandemic-induced lockdowns finally easing up.
Baillie says Ruffer might return to the Bitcoin market
After taking their profits in the Bitcoin scene, the firm has, in turn, reinvested the said profit in other protective assets. A typical example is a government-backed bond that sees its price in correlation with retail price index.
Despite this, Baillie has mentioned that they have not shut their door on returning to Bitcoin as they are still mulling on a possible return in the coming years. One of the executives in the company mentioned that as far back as 2017, the firm was highly skeptical towards Bitcoin, but all that changed last year with the Bitcoin boom.
Baillie also mentioned that he was not too concerned about the debate about Bitcoin’s environmental impact which has been raised by Tesla CEO Elon Musk. Baillie pointed out that most of the criticism that the asset is receiving now is stemming from misinformation. He also noted that the gaming industry consumes more energy than the Bitcoin mining industry.
Bitcoin’s price movements over the years have shown that the more expensive it is, the more people adopt it
This phenomenon was noted using Thorstein Veblen’s theory of valuable goods
Traders tend to buy less when the market is down
Over the years, we have seen immense fluctuations in the price of Bitcoin, the leading digital asset on the market. Even though some groups of individuals attempt to predict price movements, a portion of the cryptocurrency investing population prefers to hold digital assets over a long time.
But how do Bitcoin prices demand the perception and demand for the cryptocurrency? A standard “supply and demand” perspective would predict that as an asset’s price increases, demand would subside. However, this is not necessarily true for all goods. In this article, we’ll use the helpful concepts of Veblen goods and Giffen goods to get another perspective on what drives demand for Bitcoin.
Is Bitcoin a Veblen or Giffen good, or neither?
According to definition, a Veblen good is typically a luxury good that enjoys more demand as the price of the item rises. To use an example – the high price tags for artworks or luxury car models can themselves be drivers of demand, because they give those goods an air of exclusivity, turning ownership into a status symbol. The concept was introducted by U.S.-based economist Thorstein Veblen in the late 19th century. Veblen goods are characterized by their unique property of demand increasing alongside the price. This is in contrast to what happens with essential goods such as household or food items – as their price increases, the demand for such goods falls.
The Giffen good concept, on the other hand, has some parallels with the Veblen good concept, except that it is not used to describe luxury products. Similarly to Veblen goods, the demand for Giffen goods increases along with their price. A simple example of Giffen goods would be food and drink goods that are difficult to substitute adequately – either there’s few alternatives available or the viable alternatives are even more expensive. This means that consumers cannot simply switch to buying other goods when their price rises.
A closer look at Bitcoin shows that the digital asset has qualities of both Giffen and Veblen goods.
Fluctuations in Bitcoin demand
When Bitcoin saw a massive decline in the market in 2018, the trading volume of Bitcoin went on a spiral downward, indicating that the digital asset became much less desirable. The trading volume decrease persisted even though the bearish run brought the digital asset into the limelight. When the price of Bitcoin crashed in March 2020, the trading volume of the digital asset lingered around $37 billion as the digital asset touched close to $5,000. When the price of the asset moved up, the trading volume of the asset also went up.
As the price of a Veblen good moves up in the market, people in the market automatically feel better, and the price is justified. Also, the status of the Veblen good is elevated and bought by the richer population of the market. During that period, analysts regarded Bitcoin as a financial religion as several high-value investors in the market continued to amass vast amounts of BTC.
The statistics of people looking to enter the Bitcoin market also increased considerably, entering a region of 63% in the United States of America. Social media activity also went up during the period as most people across different social media discussed the digital asset.
London, UK, June 07 – Maiar , the blockchain app powered by the Elrond Network, has joined the Huawei Ecosystem and now is available on AppGallery, one of the top three app marketplaces globally.
With deep care for the user, elegant design, and an intuitive interface, Maiar enables any phone user to get a working blockchain wallet in seconds. Its intuitive simplicity allows everyone to store, earn and pay using cryptocurrencies.
“Blockchain technology will play an essential role in advancing the consumer internet, which needs to be mobile, personal, and secure.” said Siri Børsum, Global VP of Finance Vertical, Eco-development & Partnerships at Huawei Consumer Business Group. “Maiar’s debut in the AppGallery will empower our customers with an important tool that will help them take control of their financial health.”
Maiar seamlessly integrates with the mobile devices’ security capabilities to transform any Huawei smartphone into a biometrically secure hardware wallet. Through gamified progressive security, any Maiar user has their own private Swiss bank in their pockets.
The application is powered by the Elrond Network, the internet-scale blockchain that is capable of processing 15,000 transactions per second at negligible cost. It offers out-of-the-box support for EGLD, ETH, and BNB, with BTC, NFTs (non-fungible tokens) and other currencies to be added.
“Decentralization is about carving new paths and challenging the status quo using technological innovation,” said Beniamin Mincu, Elrond Network CEO. “The launch of Maiar in Huawei’s AppGallery gives us exposure to a huge new user base, which is essential for our mission to enable access to a high bandwidth and low latency global financial system for anyone, anywhere.”
Maiar is free and does not collect any personal data. Only a cryptographic hash of the phone number is used in the user onboarding process. In-app purchases of EGLD, ETH, and BNB are available, using credit cards or bank transfers. EGLD can further be staked to secure the Elrond blockchain and earn periodic rewards for this service.
The total cryptocurrency market capitalization has climbed from $1.48 trillion to $1.66 trillion over the course of last week, but the cryptocurrency market is still in limbo. With no clear sentiment, markets could move in either direction or even continue trading sideways. However, several projects are seeking to benefit from the increased attention, granted to them by token airdrops and important announcements. In addition, many projects are pushing their upgrades to their respective mainnets as summer and the end of Q2 2021 is rapidly approaching.
1. Centrifuge (CFG) and Altair (AIR)
Centrifuge is a decentralized asset financing protocol that aims to bridge the world of DeFi (“Decentralized Finance”) and real-world assets and provide a stable source of yield uncorrelated to volatile crypto assets to DeFi investors. Businesses, on the other hand, can tokenize real-world assets and use them as collateral to access financing through Tinlake, Centrifuge’s lending dApp. The CFG token is the protocol’s native asset that provides incentive for blockchain validators and grants governance rights to its holder. Centrifuge chain operates on Polkadot, while its lending application Tinlake is built on Ethereum due to the ecosystem’s massive liquidity.
AIR Token Airdrop to CFG Holders is Around the Corner
The Centrifuge team recently announced the launch of Altair, their own Kusama parachain. The Altair Kusama parachain is going to have the industry-leading tech from Centrifuge chain and more, as the newest experimental features will be deployed on Altair before they go live on Centrifuge Chain. Altair plans to be one of the first parachains live on Kusama, so the Centrifuge team encourages supporters to delegate their KSM to the parachain crowdloan. If the parachain auction is successful, Altair will reward participants with 50+ AIR for each 1 KSM locked. The team notes that exact reward will per 1 KSM will depend on the price of the parachain slot and participation in the crowdloan. Another 61% of the total supply of 425,000,000 AIR tokens will be airdropped to CFG holders (1 AIR per 1 CFG) based on a snapshot taken at the Altair parachain genesis. Currently the total value locked in Centrifuge’s Tinlake dApp is $18,729,969 and the CFG token is valued at around $13.
2. VeChain Thor (VET)
VeChain is a project that utilizes the combination of the IoT (Internet of Things) infrastructure and blockchain technology to improve the efficiency and transparency of the existing real-world asset supply chains. The main feature VeChain offers is labeling products with RFID or QR codes, which are scanned at every step of the transportation process, granting the supply chain manager higher levels of control and more insight into the whole process. The project development and maintenance is overseen by the Singapore-based company carrying the same name, which was founded by Sunny Lu in 2015. Their enterprise-focused platform relies on two tokens: the VET token is used as a carrier of value on the network, while the VeThor Token (VTHO) is used to pay for transaction fees and the execution of smart contracts.
VeChain Thor Mainnet Upgrade to take place on June 7
About 3 weeks ago, VeChain announced the release of the latest version of VeChain Thor, which includes code that will activate the ETH_IST VeChain hardfork. The hard fork, which already took place on the VeChain testnet, is neccessary for the VeChain network to maintain its compatibility with the latest Ethereum virtual machine (EVM). The GitHub release message of the VeChain 1.5 from May 14 raed:
“VeChain Thor 1.5 has been released this weekend. This includes a hard fork to support ethereum Berlin compatibility. This fork will be active on testnet starting 2021-05-20! So go update your nodes if necessary!”
As the release message also noted, the hardfork will be triggered at block #9254300 on the mainnet as well. The hardfork is now just behind the corner, as said block is estimated to be mined on Monday, 07 Jun 2021 at around 08:20:00 GMT. Node runners should upgrade their software to continue participating in the protocol’s block confirmation process.
3. Filecoin (FIL)
Filecoin is a decentralized file storage network based on the InterPlanetary File System (IPFS), a peer-to-peer file storage and sharing protocol released by Protocol Labs in 2015. The project raised $205 million worth of crypto in a 2017 ICO and finally launched its highly anticipated mainnet on October 15, 2020. FIL token, the native asset of the Filecoin blockchain, provides economic incentive to storage provides and acts as a medium of exchange among Filecoin network users.
FIL surges by 25% as news that some BTC miners are transitioning to mining FIL started to spread like fire
Filecoin, a decentralized equivalent of Dropbox and other cloud storage services is again attracting attention of cryptocurrency investors, and it appears that the project has harnessed the attention of Bitcoin miners as well. Following Elon Musk’s criticism of Bitcoin energy use, Filecoin has emerged as a greener and more useful alternative. Its mining is less energy-intensive compared to Bitcoin, but the miners need spare hard drive storage as FIL mining actually means providing storage space to the network. Nevertheless, Filecoin offers a promising alternative to BTC miners coming from areas with cheap hard drives and not-so-cheap electricity. Most of the FIL is currently being mined in China and countries where Bitcoin mining is forbidden. While nearly all other coins were in the red on June 3, FIL managed to surge by 25% from just above $70 to over $95 on that day. The FIL price, which is still very far from its ATH of $237 achieved on April 1, has since stabilized just below $90. The energy efficiency of the Filecoin network seems to have deemed this crypto immune to the energy consumption and environmental concern-related FUD recently spread by Musk. Could this push FIL’s valuation even higher?
A severe pandemic has been petrifying the entire world for the past two years. All through the world people’s lives have been disrupted drastically and all aspects of life have been altered indefinitely. In most countries people can no longer leave their homes in order to continue their daily lives. This has affected the gambling industry greatly, as people in many countries can no longer visit their favourite casinos to gamble. At a time like this, online casinos have become extremely convenient as they provide an easy and effective solution to this horrendous problem. Online casinos allow players to gamble from the comfort of their home and earn lots of cryptocurrency in the process! However, as the number of online gamblers grows rapidly, there is a huge demand for efficient online casinos. CryptoGames, an extravagant gambling site, rises to the occasion in this situation and brings with it a set of mesmerizing services and games. With its impressive resume and the support of its fabulous community of gamblers, CryptoGames intends to become a utopia for gamblers from all corners of the internet.
An organization called MuchGaming B.V owns and operates CryptoGames and the casino is under the jurisdiction of the government of Curacao. An expert team of administrators and moderators are in charge of handling the casino and these individuals are perfectly capable of tackling any issue that might arise in the site. CryptoGames has invested heavily in areas that would enrich the player experience such as an improved interface, better deposit and withdrawal options, more secure safety protocols and much more. All of these contribute in making CryptoGames the sublime online casino it is today. Below is a detailed description of some of the top notch perks gamblers can experience in CryptoGames:
A Mesmerizing Interface
Gamblers of CryptoGames can effortlessly browse the UI of CryptoGames. The interface always leaves users with a positive experience as it has a myriad of useful features. The platform has a very attractive outlook and users can easily navigate through the site with just a few clicks. The UI is completely without any diverting designs that may distract a user while gambling. There is a chat box which players can use to converse with one another and talk about different games and strategies. Also, the very light weighted interface allows almost all devices to load and play the games. This implies that CryptoGames users can utilize gadgets with low specs to access and play the games. Users can easily check their betting history beside each game that is being played. Gamblers additionally have the choice of changing themes through the options situated under the “Your Account” tab. Users can switch between Dark Mode and Light Mode by pressing a “Moon or Sun Shaped” button situated at the top right. FAQ, Chat Rules and Support can be gotten to at the lower part of the page.
Library of Outstanding Games
CryptoGames presents its players with a library filled with superb games that are guaranteed to ensure maximum satisfaction. These magnificent games are very well known in the gambling scene because of their nostalgic vibe and a large part of the CryptoGames community of players have joined the casino due to the presence of this games. CryptoGames offers 8 awesome games. CryptoGames additionally helps its gamblers in learning the games in the most ideal manner possible. The gambling site does this by providing its users with detailed guides and tuitorials that they can follow. This remarkable assortment of games is one of the driving forces behind CryptoGames’ gigantic achievement in the gambling community.
The impressive House Edge of games is another reason behind CryptoGames great success in the world of gambling. Dice has a house edge of only 1%. The house edge of Lotto is 0% and all of the ticket sale revenue is divided completely amongst victors. The vast range of games also provides players with high chances of winning.
The games CryptoGames provides are also Provably Fair. This means the games have completely fair and impartial outcomes, which can be guaranteed by Cryptographic techniques. This is a huge blessing for CryptoGames players as this means they can play their games with their complete focus as they do not have to worry about being cheated out of their winnings. The winners of games are also immediately granted their winnings. The gamblers of CryptoGames can evaluate the fairness of bet results utilizing seeds and hashes and they can do this by following the helpful guide that CryptoGames provides.
A third party application called RandomPicker is used by CryptoGames to generate the fair and completely random outcomes of Lotto. This application utilizes cheat detection techniques to create the unbiased results. All relevant information is openly available to the public and can be used to ensure the reliability of bet results.
The Games offered by CryptoGames are:
Dice
Dice is a crypto-oriented game which has a vast range of outcomes from 0.000-99.999. This fabulous game requires players to abide by a few rules. Players have to choose a sum toward the beginning of the game. Players need to foresee whether the Dice roll will create a higher or lower amount than their picked number. The player who precisely predicts the result of the roll will be announced as the game winner and will be able to earn a payout. CryptoGames also allows its players the option of playing this great game by utilizing keyboard shortcuts. The handy “Auto Bet” feature allows users to set up a strategy that the game to will automatically follow, thus conserving important time for the player. Right now, a amount of 6 BTC can be won by players through a solitary bet in Dice.
Slot
Slot is a game played on five turning wheels that turn prior to halting. Five symbols must be picked toward the start of each game and the player may claim a reward when the selected symbols are in the center of the Slot. CryptoGames offers gamblers a reduced degree of difficulty for this game and players use this awesome advantage to attain more Cryptocurrency and achieve huge victories. The utilization of single line horizontal matching additionally guarantees a productive payout for players. Players can gain a profit of 5 BTC through a solitary bet in this fun and energizing game. This fun and enticing game draws huge numbers of players to the casino due to its massive profits and exciting game play.
Roulette
Roulette is a fascinating game that has millions of fans all over the globe. The name of this game comes from the French word “roulette” which translates to ‘little wheel’. Players must follow a standard set of rules in order to play this exciting game. CryptoGames offers its gamblers a European rendition of this acclaimed game in contrast to the American version. This edition of the games has half the amount of house edge, unlike its American counterpart, due to the single zero that is present on the 37-number wheel. At the start of each game, gamblers place bets on the numbers they predict will come up by laying down chips on the betting mat. Players then begin the game by using the “Spin” button to initiate the rotation of the wheel and the gamblers are paid following the payout table after all bets are resolved.
Blackjack
Blackjack has a huge amount of fans in the gambling world. Gamblers have to place a wager before cards are distributed amongst players. The game has to be played between one or more players and a dealer and everyone has to play the game by comparing their cards. The player has to attain a combined card count of 21 or lower in order to defeat the house`s combination. In this game, Aces are valued at 1 or eleven, a card count of ten is given to Kings, Queens and Jacks, and numbered cards are given the same value as the number placed on them. When a gambler’s total exceeds the value of 21, he will lose the amount that he bet. CryptoGames players can flawless play their games without any distractions as the table interface is neat and without any unnecessary designs. Players can also access options such as Surrender, Double Down and Split.
Lotto
Lotto is a game of luck and patience. This game began from the antique action known as Lottery. In order to play this fascinating game, players must buy tickets and players can win rewards when their purchased cards are picked. Players can buy tickets by clicking on the tab “Buy ticket” and have to enter number of tickets they want to purchase. Each ticket costs 0.00003 BTC (3k satoshi). Players can also check the total number of tickets purchased and the chance of winning under that same tab. Necessary data such as the time remaining for the round and rewards given for various positions can also be found there. Draws are held every week on Wednesdays and Saturdays and Randompicker is used to generate the results of draws. 100 percent of the crypto generated through ticket revenue is distributed among three lucky winners.
Plinko
Plinko is a very uncommon game in the realm of online casinos. It follows the similar principles as the world renowned TV show known as “The Price is Right!”. CryptoGames players are able to easily learn and master the game due to the instructional guides provided by the casino. The game must be played on a pyramid shaped board involving a field of pegs. Players need to pick from four different colors of balls which are green, red, blue and yellow. 10 credits is the minimal bet amount and when the wagers have been placed, gamblers can use the “Play” button to begin the game. The ball chosen by the player is then permitted to drop from the top point of the pyramid and during its decent, various pegs crash into it. The ball at last drops into a slot which relates to the payout the player will get. Each slot alludes to an alternate payout value which differ from a 650 times payout to a 0.4 times return.
Video Poker
Video Poker is one of the most popular games offered by CryptoGames. The game resembles a typical poker game as players each get five cards from which they need to accomplish the strongest possible hand. Players have to get familiar with the rankings of the cards in order to dominate this game and attain huge rewards. Gamblers can play this game more prudently when they become familiar with the tricks and strategies of organizing the cards in the shortest amount of time.
CryptoGames offers three variants of this interesting games which are Tens or Better, Jacks or Better, and Bonus poker. Players of CryptoGames can toggle between their preferred modes by using the options accessible at the upper left side of the interface. At the moment when a royal flush victory happens, the player will have a chance to win a maximum of 5 BTC in a solitary bitcoin bet due to the payout multiplier of 500! The “Smart Hold” feature can moreover be utilized by players to allow the computer to determine the cards that should be held. A table that can be found under the “How to play tab” is followed to decide the priority of the cards held. This infers that gamblers have the option of holding a better deck of cards over the cards picked by the computer. “The “Auto Bet” feature can similarly be utilized due to the Smart Hold.
Minesweeper
Minesweeper is one of the most interesting and captivating games available in the world of gambling. This game has a huge number of admirers from all parts of the world and the players in CryptoGames particularly love enjoying this game as it permits them to earn massive profits because of the astounding odds that CryptoGames offers. Minesweeper includes a field loaded up with boxes -some of which conceal mines. Players can choose the quantity of mines they need to put on the field. The least number of mines they can put is 1, the highest number of mines is 24. Players need to press boxes and avoid collision with any mines in order to continue playing the game and win rewards. The greater the quantity of mines in the field, the bigger the payout will be.
When the reward value exceeds 4 BTC (highest win per bet) they are no longer recognized by CryptoGames. This means in the event when the player wins a reward that crosses the 4 BTC mark, the gambler will lose any access to additional fields.
Lucrative Jackpots and Referral Rewards
CryptoGames is a casino that sees its number of gamblers increase almost every day. Many of these gamblers are attracted to the casino due to its lucrative jackpots. At the moment, gamblers of CryptoGames are constantly scouting the jackpots of Dice and Roulette which currently stand at 3.7 BTC respectively. Any gambler can win the Dice jackpot if his Dice roll is a winning roll of “7.777” or “77.777”, last two digits of Server seed including the client seed combined and encrypted in SHA512 are 77 and the minimum bet requirement to be eligible for the jackpot is met. The rewarding referral program offered by CryptoGames is another contributing factor behind the casino’s large success in drawing new players to it. A referral link for advertising CryptoGames is available to all members of CryptoGames. This link can be accessed in “Rewards” under the “Invite A Friend” tab. For every referral successfully made, the player will be given 15% of the house edge. This referral commissions is not affected at all by any losses the player faces! Gamblers are also given the magnificent opportunity to promote the casino on a large scale by contacting the casino with a custom referral rate/commission proposition.
Swift and Convenient Deposit and Withdrawal Options
Online casinos are often rated according to the speed and ease of the financial options given to gamblers. Sluggish financial transactions cause players to lose a considerable amount of their valuable time and thus players suffer massively if a casino does not offer swift financial options. On the other hand, fast and reliable financial options allow players to concentrate completely on their games. CryptoGames is an online casino that puts a lot of importance into providing reliable and fast deposit and withdrawal options for players. The casino offers its players options of completing transactions from a wide variety of Cryptocurrency, eliminating the need to convert coins in a majority of cases. The casino supports any transaction made with any of the following cryptocurrencies:
Bitcoin
Dogecoin
Ethereum
Litecoin
Dash
Gas
Monero
Bitcoin Cash
Ethereum Classic
CryptoGames also offers a very useful test currency known as “Play Money” to its gamblers. This currency can be utilised by gamblers to test games instead of risking coins form their own balance. Play Money is a site-internal mock currency that players can use in their games to experiment with various strategies or ideas without causing any changes to their actual funds.
Invulnerable Security Protocols
The internet is often considered a dangerous place as it is filled with notorious scammers and hackers. If proper security measures are not taken, these ravenous attackers would do anything to illegally attain invaluable user funds.
CryptoGames puts has invested heavily in ensuring maximum User account and fund security. The casino has installed Two-factor Authentication and SSL encryption in its system, making it almost impossible for Hackers to gain access to user account. In dire cases when the users have deactivated Two Factor Authentication, attackers are still unable to withdraw cryptocurrency as withdrawal of funds requires obligatory email verification. Even when a direct attack is launched on the casino by atrocious hackers, their actions are completely useless as CryptoGames stores user funds in cold wallets. All of these measures ensure that there is an indestructible wall of security between user funds and the horrible attackers of the internet.
Final Words
CryptoGames is an elite online casino that offers a very impressive set of services. Its magnificent team of moderators and administrators are masters in their respective fields and are perfectly capable of handling any issues that might arise in the site. Users of CryptoGames are able to browse the site with ease and are able to access their favorite games on a majority of devices due to the site’s light interface. The fabulous library of Games ensures gamblers of CryptoGames are never bored. Swift and convenient financial options of the casino makes sure players spend more time on their games instead of worrying over transactions. Invulnerable security protocols thwart the attempts of any hacker made on user funds. CryptoGames is a utopia for gamblers all over the world, and its aims of becoming the greatest online casino in the world are not far from coming true.
Blue Ocean Mining (BOM) is led by large global miner communities in Germany, South America, South Korea, Southeast Asia, etc., joining forces with globally operating mining farms, traditional finance and DeFi concepts, to build a decentralized hash power NFT tokenization and trading platform.
BOM.finance aims to build a one-stop integrated decentralized cloud mining platform for retail users to solve the high threshold of participation caused by the global pandemic and various national policies. At the same time, it provides hash power liquidity for retail users through NFT tokenization, to solve the pain points of many users participating in mining.
BOM.finance encourages users worldwide to participate in the platform governance, and allows users access to strong liquidity through the exchange of tokenized hash power.
BlueOcean Platform Functions:
– Trading of BlueOcean NFT products: Hash power NFTs can be sold on the platform after being approved through DAO on-chain voting. Two sales forms, fixed price and auctions are supported.
– BlueOcean NFTFarming: All users can commit hash power NFTs in farm groups to obtain BOM tokens.
– Blue Ocean Store: In the BlueOcean Store, users can obtain the NFT certificate from a “mystery box mining machine”.
– BlueOcean NFT-Collateralized Loan: Users commit the hash power NFT’s mining income until a certain date to receive a loan in USDT and can repay the principal and interest as it matures.
BlueOcean Governance Token: BOM
BOM is the platform governance token, through which holders can participate in the development and governance of the platform. Any miner who achieves exclusive ownership by burning and using BOM can participate in the “ocean paradise” ecosystem development.
BlueOcean will be the first to support the merger of the traditional mining industry with DeFi innovation. Successively, it will release traditional games, music and videos, artworks, and expand BlueOcean to eco-friendly NFTs through “build your paradise”. BOM will be a powerful incentive for users users, as well as establish a new generation of innovative blockchain projects into practice through NFT + actions + DeFi.
BlueOcean’s business and service fee profits in will be redistributed to the community through buyback and burning, buyback and airdrop, replacement and renewal of NFTs.
Platform incentives will be distributed via a smart contract
· 40% of platform revenue directly go to the BOM liquidity pool
· 30% of platform profits are used for buyback and burn
· 20% of platform profits are used to connect core community promoters with miners
· 10% is used for early community and core code contributor incentives
Panther Protocol is expanding its interoperability by building on the Flare Network. Panther takes the next step to bringing much-needed features to the broader industry by providing a compliance friendly privacy protocol. Another step forward for the DeFi industry and its access to untapped liquidity.
Flare Network will prove to be of great interest to decentralized finance as a new smart contract network bringing the first Turing Complete Federated Byzantine Agreement consensus algorithm to the masses. More importantly, it provides access to approximately 65% of the total value in public networks that are currently not accessible to smart contract platforms. As decentralization remains essential, Flare Network aims to change that narrative.
Under the hood, Flare can provide access to the largest blockchain ecosystems incapable of running smart contracts natively. That includes Bitcoin, Litecoin, Ripple’s XRP Ledger, Dogecoin, Stellar and any other existing chain. In the current stage, Flare will integrate XRP, Stellar, Litecoin, and Dogecoin. The network can integrate more coins and ecosystems via governance voting post network deployment.
Considering how Flare Network can provide access to this liquidity, it is of great interest to the Panther Protocol. By building a compliance friendly privacy protocol on Flare, Panther will bring privacy and liquidity to that 65% in liquidity even if the native blockchains do not support smart contracts.
Panther Protocol CEO and co-founder Oliver Gale comments:
“We are delighted to work with the best in class, enabling privacy rights for individual and public blockchains. Flare has a powerful tech stack with a focus on institutional integration. We are excited to partner with them to build Panther privacy in the Flare ecosystem.”
As a decentralized solution focusing on end-to-end privacy for any digital asset, Panther will be of great interest to virtually all DeFi users. Everyone can benefit from personal financial data protection and confidential cryptocurrency transactions. By minting and burning zAssets – confidential clones to the assets they represent – the appeal of synthetic assets will increase exponentially.
Hugo Philion, CEO and co-founder of Flare says “One element that arose from the Gamestop short squeeze saga was the clear and urgent need to allow for privacy when making investments to avoid asymmetric outcomes. Panther’s design of a privacy enabling protocol that maintains KYC and AML compliance while keeping users in control of their data is to my mind a highly important development and a very valuable addition to the Flare ecosystem.”
Panther Protocol can accurately price the network’s privacy service with the help of game-theoretic bounds. An initial rollout on the Ethereum network with cross-chain solutions coming onstream is scheduled. During the first quarter of 2022, Panther will introduce a privacy-enabled cross-chain decentralized exchange on a scalable Layer 2 solution.
About Panther Protocol
Panther Protocol is an end-to-end privacy protocol for DeFi. Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.
About Flare Network
Flare is a scalable, highly decentralized smart contract platform that runs the Ethereum Virtual Machine and utilizes Federated Byzantine Agreement-based consensus.
The platform’s native token Spark (FLR) enables Flare to unleash the tremendous value and community created by existing tokens that do not currently have native smart contracts. Flare is initially integrating Doge, Litecoin, XRP and XLM. Any other token can be integrated through community governance voting.
Flare is unique in that it derives its network structure from its underlying integrated networks, leveraging the decentralisation and security of the underlying networks.
Flare’s development team features experts from the worlds of electronic engineering, distributed systems, quantum computing, mathematics, computer science, quantitative finance and risk management.
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