Saga Announces the Launch of Pegasus 10184

Highly Anticipated Incentivized Testnet Leads Latest Milestones that Include SAGA Token Airdrop and 282 Saga Innovator Projects from Layer-1 Protocol

The wait is over. Saga, a leading Layer-1 protocol and developer ecosystem in web3 gaming, today launched their Incentivized Testnet, named Pegasus, giving game creators even more freedom to unleash their creative expression on Saga. The kickoff is the first step leading to a six-part launch sequence for the full-featured Saga Protocol V1 Mainnet scheduled for early 2024 that will unblock developers and consumers from realizing blockchain’s true potential.

First revealed at the Saga Multiverse Summit in August, Pegasus has undergone accelerated development from its original roadmap to support both Saga’s Innovators and partners. The Saga Protocol offers an integrated stack of automated, high-performance, gasless, interoperable and customizable chains, called Chainlets. The Saga Chainlet Realm will be the main Realm on the protocol. Earlier this year, Saga unveiled Realms, the technical manifestation of the Saga Multiverse – Saga’s platform that allows disparate tech stacks and IPs to deploy on the protocol and interact with each other through parallelized and interoperable dedicated chains.

Saga Realms enables developers to launch customizable chains on Saga with different features and services such as technology stack, security source and various obligations for those sources. Under the framework of Realms, the standard Saga Chainlet became one Realm of many that will be supported in the near future, including those for our partners at Ethereum (Ethlets), Polygon, Avalanche, Celestia, XPLA and many others. Today’s launch will support configurable Realms out of the gate.

The Pegasus Incentivized Testnet features the Saga Chainlet Realm and the following architectural components necessary for all other Realms to be onboarded. Together, the security chain and the platform chain will constitute the Saga Mainnet.

  • Security chain – serves as the first of many security sources for the Saga protocol
  • Platform chain – the destination where developers launch and maintain their Chainlets
  • Chainlet – the area where all apps live and end-user activities happen. The first Chainlet stack will be an EVM-based Chainlet to support the large Solidity and Ethereum ecosystem, but the goal is to be VM-agnostic to allow developers to deploy in whatever environment they prefer

Saga recognizes its strength lies in its community. As part of the Incentivized Testnet launch, Saga is rolling out a campaign whereby developers, end users, validators, and members of their community who participate in launch quests and exhibit helpful behaviors for the Saga ecosystem will be part of an airdrop* of SAGA tokens. The first group to receive tokens are Saga’s Innovators – developers currently building on Saga – the heart and soul of the protocol who will require the most lead-time to complete their quest. Details of the Innovators quest requirements are available on Saga’s Medium, along with their tokenomics, claims process for airdrops and any additional incentives connected to the launch. Saga will be adding quest details for the community in the coming weeks.

“Saga has the best community any protocol could ask for. Seeing our Innovators showcasing their creativity in this Incentivized Testnet, we are more positioned for success than ever,” said Rebecca Liao, Co-Founder and CEO of Saga. “We have seen incredible gaming apps get to demo-able state and cannot wait to take them live on the Saga platform. We are fully committed to do everything we can to support their growth.”

Saga also revealed the members of Cohort 5, the latest class of Innovators welcomed into the Saga ecosystem, with a diverse representation of global game developers. The induction of this latest group brings the number of Innovator projects to 282, with over 300 expected to be in the program by the Mainnet launch in 2024. The full list and individual information about Cohort 5 is available here.

*Note: The airdrop is not and will not be available to U.S. persons (or persons acting on behalf of U.S. persons). In order to participate in the airdrop, a person or entity must not be a U.S. Person as defined in Rule 902 under the United States Securities Act of 1933 or a U.S. person within the meaning Section 7701(a)(30) of the United States Internal Revenue Code. A full terms and conditions for participation in the airdrop will be made available as part of the claims process.

About the Saga Protocol

Saga is a Layer-1 protocol that allows developers to automatically spin up parallelized and interoperable dedicated chains that elastically scale with their Web3 application needs. Using shared security, cutting-edge validator orchestration and an automated deployment pipeline standardized across any kind of blockchain VM, Saga makes launching a dedicated chain, or Chainlet, as easy as deploying a smart contract. It is the only E2E developer platform in Web3 that meets the three core developer needs: easy to deploy, affordable and fast/scalable.

About Saga

Saga is recognized as one of the best developer ecosystems in crypto, and probably the best in web3 gaming. Its mission is to help creators unblock themselves and build where blockspace is at its most plentiful and simple. Saga dismantled then rebuilt mainframes in a new way to create the developer environment of the future.

The company was founded in 2022 by Web3 visionaries Rebecca Liao, Jin Kwon, Jacob McDorman and Bogdan Alexandrescu. Early seed investors include Maven11, Longhash, Samsung, Com2uS and Polygon. Originally built on Cosmos, Saga has furthered its presence by bringing typically disparate but the best ecosystems into its Saga Multiverse through ongoing strategic partnerships. To date, 282 projects are being built by nearly 1,500 developers on Saga through the project’s Innovator Program.

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$GTAI Listing on a New CEX: 2 Days Left 1818

Exciting news is coming for the cryptocurrency market as $GTAI, a token of GT Protocol, is preparing to get listed on a new CEX in just 2 days. After its successful debut on top platforms like Bybit, Kucoin, Gate.io, MEXC, HTX, and Bitget, $GTAI has emerged as one of the most promising token launches of 2024.

In celebration of this imminent listing on a new CEX, GT Protocol has announced a $10,000 giveaway as a sign of appreciation for the community’s support and enthusiasm for the project. The event details and instructions on how to participate in the giveaway can be found on GT Protocol’s official X channel.

On May 15th at 12:00 UTC, we will unveil a new CEX, where $ GTAI will be listed. This strategic expansion is not just a move but a leap towards enhancing $ GTAI’s liquidity and accessibility. It’s a step that will further establish $ GTAI’s presence in the global cryptocurrency market.

GT Protocol is a game-changer, pioneering an AI Layer for Web3, aiming to onboard 100 million users with its innovative technology. GT Protocol offers an AI model specifically designed for Web3 investments, trading, and portfolio management. It is also developing an AI tool similar to ChatGPT for the cryptocurrency market that will enable users to manage their crypto portfolios, execute trades on CEX and DEX, or engage with NFT platforms through simple text or voice commands. This tool will easily answer any query and fill up the gap in your crypto knowledge.

$GTAI proudly announces its partnerships with industry giants such as Binance, OKX, and Tron blockchain, leveraging these relationships to enhance the GT Protocol and expand its user base. Furthermore, GT Protocol has over 90,000 users of GTAPP and a vibrant community of 900,000 followers across various social media platforms.

Stay tuned for more updates on this promising project as it continues to make waves in the cryptocurrency and blockchain space.

XREX Singapore Receives MAS Major Payment Institution Licence 2352

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments in emerging markets, announced today that it has obtained the Major Payment Institution (MPI) Licence from the Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator. This comes after it received its in-principle approval from the MAS in November last year.

Commenting on XREX’s engagement with the MAS, XREX Singapore Chief Executive Officer (CEO) Christopher Chye said, “Our engagements with the MAS have repeatedly shown us why they are internationally revered as a leading central bank and financial regulator. With this licence in hand, XREX Singapore will endeavour to bring blockchain-enabled digital payment currencies to ubiquity.”

XREX Singapore facilitates frictionless cross-border payments for import and export transactions, particularly for small-medium businesses (SMBs) in emerging markets. This strategic emphasis aligns with XREX’s mission to foster financial inclusion in emerging markets.

“The MPI licence is a testament to our unwavering commitment to the highest regulatory compliance standards. We look forward to working with one of the world’s leading regulators to make blockchain finance safe and accessible to the general public,” said XREX Co-founder and Group CEO Wayne Huang.

XREX Singapore will launch XREX Pay, a platform providing cross-border B2B payment features for corporates, as well as remittance solutions, such as helping migrant workers send money home. XREX Pay will support Singapore Dollar (SGD) and U.S. Dollar (USD) payment rails and stablecoins such as USDT and USDC, all while demonstrating a robust and practical implementation of the Financial Action Task Force (FATF) travel rule.

XREX Singapore’s licence encompasses a total of six payment services, namely:
i) Account issuance service;
ii) Domestic money transfer service;
iii) Cross-border money transfer service;
iv) Merchant acquisition service;
v) E-money issuance service; and
vi) Digital payment token service.

“XREX is approved for six of the seven payment services under the MPI licencing regime. With XREX Singapore as the group’s Asia Pacific headquarters, XREX looks forward to expanding its partnership with major banks, credit card institutions, and payment institutions to build next-generation financial systems that integrate traditional and blockchain finance,” said XREX Co-founder and Group Chief Revenue Officer Winston Hsiao.

About XREX

XREX Singapore is an MAS-regulated financial institution that leverages blockchain technology to make cross-border payments faster, cheaper, and safer for businesses globally. Its proprietary escrow payment feature, BitCheck, empowers enterprises to switch flexibly between digital currencies, stablecoins, or traditional currencies, thereby ushering their businesses into the new era of digital money. XREX Singapore also specializes in working with emerging markets businesses to help solve their issues with USD liquidity access.

XREX Group, is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. It provides enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.

Founded in 2018 and operating globally under multiple licences, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps.

Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education.

The new energy index trading platform PHPGOV has announced a strategic partnership with leading energy companies to promote the development and application of energy globally 3418

As global demand for renewable energy continues to rise, the new energy sector has become a focal point for development by governments and corporations worldwide. Recently, PHPGOV, a leading new energy index trading platform, announced strategic partnerships with several top energy companies to jointly advance the development and application of new energy globally and contribute to building a clean and sustainable energy future.

PHPGOV, recognized as a pioneer in the new energy sector, is committed to establishing a globally leading new energy index trading platform that offers investors a secure and convenient channel for investing in new energy. By forming strategic alliances with top energy companies, PHPGOV aims to leverage its strengths and consolidate resources to explore development opportunities and innovative models within the new energy sector.

This strategic cooperation will encompass various areas including, but not limited to, technology research and development, market expansion, and industrial collaboration. PHPGOV and its partners will jointly conduct research and innovation in new energy technologies, pushing for breakthroughs and applications to enhance energy efficiency and utilization. Moreover, the parties will intensify market cooperation, collectively penetrate new energy markets, and expand sales channels for new energy products, thus promoting the healthy development of the new energy industry.

Additionally, PHPGOV will engage in industrial collaboration with leading energy companies to build a new energy industrial chain, fostering mutual growth within the industry. The partners will enhance collaboration in project investment, financial operations, and risk management to advance the realization of new energy projects and ensure the sustainable development and profitability of the new energy sector.

For PHPGOV, this strategic partnership is of significant importance. It will not only elevate PHPGOV’s influence and competitiveness in the new energy sector but also accelerate its global expansion. Furthermore, collaboration with leading energy companies will provide PHPGOV with additional resources and support, fueling the platform’s growth and expansion.

For the top energy companies, partnering with PHPGOV represents a crucial strategic decision. As a leader in the new energy index trading platform market, PHPGOV offers extensive industry experience and superior service quality, providing professional services and support to explore opportunities and business models in the new energy sector.

In conclusion, the strategic partnership between PHPGOV and leading energy companies will inject new vitality into the global energy sector, promoting the healthy development and sustainable growth of the new energy industry. PHPGOV is poised to make a positive contribution to building a clean, sustainable energy future.

PHPGOV Exchange Co., Ltd was established in October 2020 in the United States with the company number: 20201931985. The registered address is 1670 Broadway, Denver, CO 80202, United States.

Discover the rise of Surf Protocol: Becoming the top perpetual Dex on Bitcoin Layer 2 3668

Surf Protocol has achieved significant milestones, with its total trading volume exceeding $200 million and its Total Value Locked (TVL) surpassing $30 million in May, making it the largest perpetual DEX on Bitcoin Layer 2.

As the largest Perp Dex on BTC L2, Surf Protocol distinguishes itself by being selected for Binance’s prestigious Most Valuable Builder (MVB) Season 7 program. This recognition by Binance Labs highlights Surf Protocol’s innovative approach and its contribution to the blockchain ecosystem, particularly in enhancing Bitcoin native on-chain leverage trading and offering single-currency liquidity provision yield solutions that eliminate impermanent losses.

The competition within the Perp DEX arena is fierce and dynamic. Historically, platforms like dYdX have dominated the scene, capturing a substantial 59.7% of the 30-day trading volume as of October 2023. However, the DeFi ecosystem is inherently fluid, with Hyperliquid clinching the top spot by February 2024, showcasing the market’s evolving preferences and the shifting dynamics that new entrants like Surf Protocol are adeptly navigating.

Despite the competition, Surf Protocol distinguishes itself through a relentless pursuit of innovation tailored to meet the changing needs of its users. As the first to introduce a Bitcoin-denominated vault with zero impermanent loss and to allow BTC as collateral for trades, Surf Protocol has not only addressed key market gaps but has also set new benchmarks for what on-chain traders can expect. This innovative streak has propelled Surf towards a trajectory of rapid growth, with the platform nearing an average of 1000 daily users and aiming for higher total value locked (TVL) and volume.

Moreover, Surf’s acknowledgment of the competitive landscape doesn’t detract from its vision; rather, it fuels its drive to innovate. In a market where Perp DEXes like GMX have captivated users with sustainable fees and earning mechanisms, and where dYdX has pushed the envelope towards complete decentralization and scalability, Surf Protocol has carved its niche. It has done so by not only matching the pace of innovation but by also introducing unique features that resonate with a broad spectrum of users.

In a bid to further energize its community and incentivize trading activities, Surf Protocol has launched a series of campaigns that are setting the platform apart in the competitive DeFi landscape. These initiatives not only reward active traders but also provide lucrative opportunities for liquidity providers (LPs) and early supporters of the platform.

Surf Protocol’s innovative campaigns and focus on user rewards demonstrate its commitment to building a thriving DeFi ecosystem. Highlighting this commitment, Surf airdropped 100,000 USD value of award tokens to the first two weeks’ traders after the mainnet launch, showcasing a tangible effort to reward early adopters. By prioritizing community engagement and fostering a culture of inclusion, Surf Protocol is well-positioned to play a leading role in the future of decentralized trading.

Surf Protocol’s vision has garnered the support of industry leaders. In October 2023, Surf secured $5 million in funding from prominent investors including ABCDE Capital and Amber Group. This vote of confidence underscores the potential of Surf Protocol to bridge the gap between traditional finance and DeFi, catering to a diverse user base.

Surf Protocol invites traders, liquidity providers, and DeFi enthusiasts to join its mission of revolutionizing the trading landscape.

For more information, visit https://surf.one/
X: https://twitter.com/surf_protocol
Telegram: https://t.me/surf_protocol
Discord: https://discord.com/invite/Ma2NjR9uMs
Medium: https://medium.com/@surf.protocol

Sarson Funds Announces Official Launch of csprUSD Stablecoin on Casper Network Mainnet 3986

Sarson Funds, in partnership with the Casper Association, is thrilled to unveil the official launch of the csprUSD stablecoin on the Casper Network mainnet.

Following successful testing on the Casper Network testnet, csprUSD enters the digital currency landscape as a robust fiat-backed stablecoin, echoing recent innovations from industry leaders like Ripple and Cardano. Crafted with precision to pre-comply with anticipated U.S. regulatory standards including dollar-for-dollar collateral deposits held in with a U.S. banking partner, csprUSD mirrors the functionality of established industry titan USDC.

“We’re excited to see the culmination of our collaborative efforts with the launch of csprUSD on the Casper Network mainnet,” remarks Alizee Carli, Head of Ecosystem at the Casper Association. “This milestone underscores the growing momentum of applications and partners committed to leveraging stablecoins for critical infrastructure development.”

During its testnet phase, Sarson Funds witnessed a surge in user engagement and network expansion within the Casper ecosystem, indicative of a growing demand for stablecoins. Designed to foster growth while adhering to current and forthcoming US regulatory frameworks, csprUSD offers a stable, fiat-backed digital currency ideal for transactions on American exchanges.

The impending stablecoin legislation in the US highlights the need for robust regulatory measures to safeguard the cryptocurrency market. Sarson Funds CEO John Sarson emphasizes, “The launch of csprUSD marks a pivotal moment as stablecoin issuers seek to comply with the evolving U.S.regulatory landscape. Our rigorous testing during the testnet phase positions csprUSD as a compliant and trustworthy stablecoin.”

Sarson Funds, a leading asset manager specializing in the blockchain sector, has forged strategic alliances with industry stalwarts WeaveChain for development, BlockPass for compliance solutions, and Custodia Bank for secure banking services, ensuring the integrity and reliability of the csprUSD stablecoin.

For further details about csprUSD and its launch on the Casper Network mainnet, please visit [Stablecoin Index, LP official website] (https://www.stablecoinindex.io/).

KonnektVPN: Positive Changes in VPN Industry With AI Integration and Fresh Features 4390

KonnektVPN is a company that is going to modify the VPN industry, offering a pivotal shift from conventional VPN models. The inception of KonnektVPN signifies a bold departure from traditional approaches, prioritizing user privacy, security, and personalized experiences through the integration of cutting-edge artificial intelligence (AI) technology.

Upgrading VPN Experience

Unlike traditional VPN services that offer generalized solutions, KonnektVPN upgrades the user experience by harnessing the power of AI. The incorporation of AI technology enables KonnektVPN to tailor its services to the unique browsing habits and preferences of individual users, ensuring a personalized and optimized VPN experience.

Combatting Internet Crimes

With cyber threats on the rise, choosing the right VPN provider is a long story. KonnektVPN goes above and beyond to safeguard users from online threats by employing top-notch encryption and AI-driven security measures. Its proactive approach to cybersecurity acts as a digital bodyguard, ensuring that users can browse the internet with confidence and peace of mind.

Geopolitical Tensions and Growing Need for VPNs

Amid increasing geopolitical tensions and government surveillance, the demand for VPN services has surged. KonnektVPN emerges as a reliable solution, offering robust encryption and a strict no-logs policy to protect users’ online privacy at the time of heightened surveillance and censorship.

Decentralization Done Right

While some VPN providers compromise user privacy with centralized systems, KonnektVPN embraces decentralization while prioritizing privacy. By leveraging blockchain technology and implementing a strict no-logs policy, KonnektVPN ensures that users’ online activities remain confidential and secure.

Why Opt for AI Over Traditional VPNs?

KonnektVPN’s AI-powered model offers several advantages over traditional VPNs, including redundancy, load balancing, segmentation, security, and passive income opportunities. By harnessing AI technology, KonnektVPN optimizes network performance, enhances security measures, and rewards users for their active engagement with the platform.

Continuous Improvement Through AI Training

The continuous training of its AI model is at the heart of KonnektVPN’s innovation. By refining its AI algorithms through ongoing training, KonnektVPN wants to automate processes, improve user experiences, and stay ahead of cyber threats.

Introducing SmartKPN Mode

SmartKPN mode enriches the VPN experience by harnessing the collective wisdom of the KonnektVPN community. By sharing anonymized real-time network data, users can earn rewards while contributing to the enhancement of KonnektVPN’s AI algorithms. This is a win-win for everyone involved.

Key Features of KonnektVPN

KonnektVPN’s unique features, including Proof of Time, Proof of Value, environmental-friendly mining, and AI VPN, set it apart as a frontrunner in the VPN industry. With its commitment to innovation, security, and user empowerment, KonnektVPN sets new standards of online privacy and connectivity.

KonnektVPN’s AI Models

KonnektVPN utilizes sophisticated AI models, including Convolutional Neural Networks (CNNs), Recurrent Neural Networks (RNNs), and Graph Neural Networks (GNNs), to optimize network performance, enhance security, and provide personalized user experiences. These AI models work in combination to analyze, predict, and adapt to evolving network conditions, providing a seamless and secure VPN experience for users.

Data Classification and Functions

KonnektVPN’s AI employs advanced data classification techniques and functions to optimize network performance, enhance security, and provide a seamless user experience. By leveraging predictive analytics, adaptive routing, and anomaly detection, KonnektVPN ensures maximum reliability, security, and performance for its users.

About KonnektVPN

KonnektVPN is a developing VPN service that engages artificial intelligence to provide personalized, secure, and high-performance online connectivity. With its innovative features, commitment to user privacy, and dedication to continuous improvement, KonnektVPN sets a new standard for VPN services in an era defined by technological advancement and digital empowerment.

For more information please refer to the specified channels:

Website https://konnektvpn.com
Facebook https://www.facebook.com/konnektVPN
X/Twitter https://twitter.com/konnektVPN
Medium https://blogs.konnektvpn.com/
Telegram https://t.me/KonnektVPN
Discord https://discord.gg/konnekt