Radix Launches RadQuest, Incentivizing User Onboarding To Ease Entry Into Web3 4648

Radix, a layer-1 smart contract platform working towards infinite scalability while providing an intuitive user and developer experience, today launches RadQuest, a fully mobile-ready Web3 gamified onboarding platform designed to enable anyone to easily and confidently use Web3 and DeFi on Radix. RadQuest is the latest milestone in Radix’s Breakout2024, a year of initiatives designed to build momentum in the ecosystem.

Built in collaboration with leading digital product studio ustwo, developers of the award-winning mobile game Monument Valley, RadQuest offers a repeatable onboarding experience that is engaging, educational, and intuitive enough for people, regardless of their familiarity with Web3.

To address the common industry challenge around mainstreaming Web3, RadQuest guides users into Web3 by gamifying the user onboarding process via easy to understand “quests”, on-chain assets as rewards, and example scenarios of common Web3 and DeFi interactions. All of this is done in a way to make it easy for anyone to feel confident using Radix either on their smartphone or their computer.

By completing a sequence of onboarding “quests”, users will be able to earn tokenized rewards that can be combined into collectible “RadMorph” NFTs. Users can also earn over $20 in XRD tokens while they experience core features of Radix, such as its human-readable transactions, Radix Network staking – as well as learn how to use dApps like DEXs that utilize Radix’s asset-oriented Scrypto smart contract language. The launch of RadQuest comes shortly after the launch of Radix Connect for Mobile, which enables users to seamlessly access dApps through their mobile browsers.

Piers Ridyard, CEO of RDX Works, said “We wanted to create an onboarding experience of a calibre never seen before in Web3. Reflecting the ethos of how the entire Radix ecosystem has been built, RadQuest is fun and intuitive enough for anyone to use, regardless of their Web3 experience. It is not just about increasing wallet numbers or transaction volumes, it is about educating users that Radix offers a radically better Web3 experience in a fun, rewarding and repeatable way. RadQuest provides users with the tools to experience DeFi as it was meant to be, easy, intuitive and free from hacks and exploits”

Radix was founded in 2013 by blockchain enigma Dan Hughes on the belief that DeFi is hindered by a lack of scalability alongside a poor developer and user experience. His team has spent over a decade building, re-working and refining Radix so that it is set up to be the leading distributed ledger technology of the future.

Upcoming technical updates in the Radix ecosystem include a completely decentralized seed-phrase-free user experience and decentralized multi-factor authentication, setting new industry standards. In line with Breakout2024, the next major milestone for the ecosystem is a transactions per second world record attempt, currently scheduled for August.

Piers Ridyard, CEO of RDX Works, is available for interviews

About Radix

Radix is a full-stack, layer-1 smart contract platform working towards infinite scalability while providing an intuitive user and developer experience. Founded in 2013 on the belief that the mass adoption of DeFi is hindered by a lack of scalability alongside poor user and developer experience, Radix has spent the last decade building a decentralized ecosystem that is infinitely scalable, easy to develop on, and simple enough for the everyday person to engage with.

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edgeX: The Disruptor of the Centralized Derivatives Trading Landscape 20

Amber Group’s incubated decentralized derivatives trading platform, edgeX, has recently launched on the mainnet, bringing a new decentralized trading experience to users worldwide. edgeX is a high-performance, modular financial system designed to build a decentralized, high-performance, and feature-rich derivatives trading system through various components and Lego-like modules.

Incubated by Amber Group, edgeX benefits from the expertise and resources of a leading global liquidity provider and digital asset management company. Founded in 2017 and headquartered in Hong Kong, Amber Group is a fully compliant company managing approximately $5 billion in assets, serving around 30 banks and 2,000 institutions worldwide. With a presence in Taipei, Seoul, Vancouver, and Singapore, Amber Group has processed over $2 trillion in total trading volume as of June 2024. The collaboration between Amber Group and edgeX provides the platform with strong support in terms of liquidity, security, and stability.

Strong Team and Cutting-Edge Technology

The edgeX team comprises professionals with extensive experience in both cryptocurrency trading and traditional finance. Team members hail from renowned financial institutions such as Morgan Stanley, Barclays, Goldman Sachs, and Bybit, boasting over seven years of exchange operations and trading experience. In addition, edgeX brings together a world-class technology development and security team to ensure the platform maintains industry-leading performance and security. The expertise of the core development team gives edgeX a unique competitive edge, enabling it to quickly adapt to market changes and drive innovation.

Innovative Modular Financial Ecosystem

Within the edgeX ecosystem, the first MVP—edgeX Exchange—has already been launched, with numerous other applications and modular components being rolled out.

  • edgeX Telegram Bot: Built on the Ton ecosystem, this bot supports multi-chain trading and is interoperable with the edgeX platform. It allows users to trade any MEME tokens and emerging assets directly via the edgeX Bot, providing a more convenient trading experience.
  • edgeX Leverage: Offers multiple trading instruments, including US stocks, forex, and commodity futures. Users can choose to purchase 3X/5X leverage products and ETF indices, enabling a diversified investment portfolio.
  • edgeX Epool: Targeted at institutional clients, Epool generates revenue by providing asset management and liquidity services to multiple derivatives trading platforms. These earnings are shared with edgeX platform token holders and users who deposit funds.
  • edgeX Lend: By partnering with platforms like AAVE and Compound, users can efficiently optimize their assets to maximize yields.
  • edgeX Insurance: edgeX offers an innovative liquidation insurance service, providing double compensation in the event of liquidation, significantly reducing user risk and loss.

A Future-Oriented Decentralized Finance Revolution

edgeX is not just a decentralized derivatives trading platform; it’s a modular financial system. By combining various financial modules, edgeX provides developers and users with a variety of plug-in combinations, forming an open application marketplace. This greatly promotes the formation of an open derivatives trading system and accelerates the growth of the decentralized derivatives market.

The derivatives trading volume in the crypto market is 4-5 times that of spot trading, and the decentralized derivatives market has at least tenfold growth potential. In this vast market, edgeX, with its robust technical architecture and innovative model, is poised to become an unignorable force.

RWA giant Rexas Finance (RXS) launches token presale, Stage 1 sells out in under 96 hours 22

The financial market is continually evolving owing to the disruptive nature of blockchain technology. Excluding the competitive landscape leading to the emergence of Rexas Finance (RXS) cutting-edge solutions to solve inefficiencies in the management of real-world assets (RWA). The presale for the overhyped token was finally put out and the first stage which was opened to early investors sold out in less than 96 hours much to their relief. Such a rapid sell-out hints at the demand which is increasingly overstuffed on RWA tokenization and seems to insinuate the scope Rexas Finance can create while improving both blockchain and conventional asset markets. A rising number of investors looking to the new burgeoning market that is being offered by tokenized real-world assets led to the presale of Rexas Finance and its success is inevitable. However, what is the reason for such a high demand, and what is so interesting about the platform that both retail and institutional investors are keen on?

Understanding RWA tokenization

Before going further in attempting to explain what is so interesting about Rexas Finance, it is useful to note the idea behind RWA tokenization. In layman’s terms, RWA tokenization is the process where real-world, vertical assets like real estate, commodities, and other physical items are digitized through a blockchain ledger. These tokens are a specific percentage of the whole asset in other physical forms which tend to expand accessibility, efficiency, and growth of the given market among others. There was always a need for a big investor’s check while buying either property or artwork. The appeal of anything like investing was generally absent for people like the average John. The tokenization feature changes this notion by allowing fractional ownership of these assets thus enabling investors to buy a fraction of the expensive assets. This not only opens more people to investment opportunities than before but also improves the ease with which the assets can be traded.

Rexas Finance: Fairly comprehensive solution for RWA pain points

As Rexas finance is aimed to solve the problems faced in typical RWA management, it brings the advantages of a blockchain-based RWA management system wherein smart contracts, DeFi and AI facilitate the management of Real World Assets. The platform is embedded with advanced features and a user-friendly interface that enables all classes of people and organizations to tokenize their assets and delve into the expanding RWA ecosystem effortlessly.

Some of the features that provide a competitive edge to Rexas Finance are:

  • Rexas launchpad: Rexas Finance’s IDO or token launchpad comprises those capable of raising funds via the launching of asset-backed tokens with ease. This can also be benefited by startups, businesses, and individual creators who of late want to raise capital by selling virtually owned fractions of pieces of assets in the form of tokens, thus offering them a new wealth creation opportunity.
  • Enhanced security through AI audits: Since most investors shy away from projects due to their concern of blockchain security, Rexas Finance has taken further steps by employing auditors that do AI-driven smart contract audits to reveal any gaps in the platform’s code. This guarantees secure transactions of tokens and other assets as well as total protection of the tokenized assets.

A new chapter for Rexas Finance

As the initial presale stage’s goals have been met and exceeded, the focus now shifts to what Rexas Finance will do next. The second presale is envisaged to sell at a higher price as increased demand is anticipated due to the rapid growth of the platform. The second stage will likely be completed in the blink of an eye because, in the initial stage itself, people, investors, and the like are fascinated to the extent of forgetting the goal of achieving cost efficiency. This, coupled with the widening of the platform’s ecosystem and the launch of other developments indicates that it is only a matter of time before Rexas Finance becomes competitive in the blockchain and RWA sector. There are investors who were lucky to buy tokens during the first presale stage and investors have already started realizing the value of that investment. Investors who missed out will be watching the next stage very carefully as it approaches.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance

Own The Doge Partners With D3 To Apply For The .doge Top-Level Domain 24

D3 Global, a next-generation internet infrastructure company developing the first authoritative domain network, today announced an exclusive partnership with Own The Doge, the community that collectively owns the Doge NFT, to apply for and obtain the .doge Top-Level Domain (TLD). This partnership will enable the Doge community to integrate Doge IP with critical Internet infrastructure, enabling an onramp for Doge fans on the Internet and Web3 to join the community.

Once the .doge TLD is approved by ICANN, the organization that manages and maintains the Internet’s core infrastructure, the D3 network will allow for real and interoperable .doge domains to be used across the traditional Internet and Web3. Obtaining the real .doge TLD will allow .doge domain names to serve as versatile digital identities, supporting everything from websites and email addresses to Web3 applications like digital wallets and decentralized credentials to deliver enhanced utility for the Doge community.

When approved, members of the Doge community will be able to use:

  • Yourname.doge as a website address
  • [email protected] as an email address
  • Yourname.doge as a multichain wallet address
  • @yourname.doge as a verified username across Web3 platforms

“We’re building the future of Internet infrastructure” commented Fred Hsu, CEO and co-founder of D3, “While many Web3 communities have attempted to build their own name systems, these solutions are not interoperable with the broader Internet. Our partnership with Own The Doge will help strengthen their community by ultimately bridging the infrastructure and utility gap between Web2 and Web3 domains and identities.”

Through D3’s network, developers and blockchain projects will be able to tap into real domains as real-world assets to create truly interoperable dApps, platforms, and services that not only enhance the utility of Web3 but also access existing internet infrastructure used by over five billion people worldwide.

“At Own The Doge, our community is our core, and we’re thrilled to start the journey of offering every member of our ecosystem their unique .doge domain name, in collaboration with D3,” said Smoke, COO at Own The Doge. “Domains are integral for billions of internet users, and soon, they’ll integrate seamlessly into the Doge network, empowering our community to continue creating internet history while promoting the ethos of Doing Only Good Everyday.”

D3 and Own The Doge will submit the application for the .doge TLD during ICANN’s upcoming application window. This is the first major new generic TLD application window since 2012, and only the second in ICANN history, presenting a unique opportunity for Web3 communities to establish their domain presence. D3 is the official domain partner for major Web3 ecosystems and will announce additional partnerships in the near future.

About D3 Global

D3 Global is building the first authoritative network for existing and future domains as tokenized real-world assets for billions of users on the root layer of the internet – the Domain Name System (DNS). As the official domain partner for top Web3 ecosystems including Magic Eden, NEAR Protocol, ApeCoin, Shiba Inu, and Core DAO, D3 delivers secure, decentralized, and interoperable identities that bridge the gap between traditional Internet infrastructure and Web3. The D3 team consists of industry veterans with over three decades of collective experience, known for leading domain name monetization, internet protocols, and various TLD operations including .xyz, .inc, .tv, and .link.

Learn more about D3 at https://www.d3.inc

About Own The Doge

Own The Doge is a movement backed by the original Doge meme, endorsed by Atsuko Sato and the dog we all know and love, Kabosu. Our mission is to use the Doge meme and IP to pursue, propel and proliferate the ethos of D.O.G.E. (Doing Only Good Everyday)

Learn more about Own The Doge at https://www.ownthedoge.com

Zilliqa launches Jasper Proto-Testnet for Zilliqa 2.0, the blockchain built for mass adoption 31

Zilliqa, the established layer-1 blockchain platform that pioneered sharding technology, is excited to announce the launch of the Jasper proto-testnet for Zilliqa 2.0, the first release on its roadmap for its new, upgraded network designed to drive mass adoption of Web3.

This significant milestone sees the first Zilliqa 2.0 proto-testnet become available to the public, marking a crucial first step in the rollout of its new network, which promises to deliver an efficient and scalable blockchain designed to make Web3 as easy to use as the internet. The release of Jasper is the first step on the roadmap for Zilliqa 2.0, each of which will see the network expanded with further functionality according to the protocol’s whitepaper.

The Jasper proto-testnet introduces Zilliqa 2.0’s new Proof-of-Stake consensus mechanism, which delivers lightning-fast transactions at low cost, all while remaining energy efficient and capable of scaling to the needs of businesses and developers globally. This early version of the Zilliqa 2.0 network allows developers and validators to explore the new network’s enhanced capabilities and experiment with running a validator node and earning rewards for helping to secure the network.

The proto-testnet offers other foundational features such as EVM (Ethereum Virtual Machine) compatibility and support for Scilla smart contracts, and the network will continue to undergo active development as work progresses on Zilliqa 2.0. The Zilliqa tech team will work closely with developers and validators to discuss their feedback and mitigate the impact of any bugs or downtime they encounter when testing this early, proto-testnet version of the Zilliqa 2.0 network.

Future milestones include the release of the Zilliqa 2.0 mainnet and the progressive introduction of features such as x-shards and smart accounts, which will deliver unprecedented customisation and accessibility.

A core feature of Zilliqa 2.0’s design is to be able to adapt to the scaling and security needs of the applications running on it, allowing businesses and developers to build on a platform that works for them while being seamlessly integrated with the global Web3 ecosystem and audience. Zilliqa 2.0’s simplicity and powerful customisation positions it as the ideal white-label solution for businesses looking to leverage the benefits of Web3.

Whether a company or developer wants to launch their own digital assets, build decentralised applications (dApps), or create new digital experiences, Zilliqa 2.0 will provide the infrastructure to do so efficiently and at scale.

Commenting on the release of the Jasper proto-testnet for Zilliqa 2.0, Zilliqa Head of Research Zoltan Fazekas said: “This launch marks a significant step forward in realising our vision for Zilliqa 2.0. The Jasper proto-testnet is not just a test environment – it’s the beginning of a new era in blockchain technology, where speed, efficiency, and user-friendliness converge. We invite developers and businesses to join us in exploring the possibilities of this groundbreaking network.”

With the launch of Jasper, Zilliqa is calling on potential new validators worldwide to onboard and test the network as pioneers of Zilliqa 2.0. This is an opportunity to play a key role in the future of the network and earn sustainable rewards by contributing to its security and resilience. Developers and potential validators are encouraged to read the docs for Zilliqa 2.0 to get started with the Jasper proto-testnet.

About Zilliqa

Zilliqa is the industry-recognised layer-1 blockchain founded in Singapore in 2018. The blockchain serves as a versatile foundation that facilitates a broad array of Web3 applications and services across a multitude of sectors including luxury and entertainment, providing a robust platform for emerging startups and established enterprises alike.

The next evolution of the network, Zilliqa 2.0 offers a user-centric and customisable layer 1 infrastructure designed to drive the mass adoption of Web3. Currently rolling out testnet with the mainnet launch in Q4’2024.

For more information, visit roadmap.zilliqa.com.

Paxos Expands to Arbitrum with Plans to Bring Tokenization Platform to the Network 33

The Arbitrum Foundation today announced that Paxos, a regulated blockchain infrastructure and tokenization platform, will integrate with Arbitrum, the leading Layer 2 (L2) scaling solution on Ethereum. Arbitrum is the first L2 network that Paxos will enable, joining one of the largest on-chain ecosystems in the space and expanding its presence in the Ethereum ecosystem.

This partnership is a crucial development for facilitating further institutional integration onto the Arbitrum network and bringing real-world assets on-chain. Via Arbitrum, Paxos will tap into Etherum’s deep liquidity, at higher speeds and low cost, and engage Arbitrum’s active DeFi ecosystem. Enterprises and institutions will leverage these capabilities to enable innovative financial products and services.

Luke Xiao, Fintech Partnership Lead at Offchain Labs commented on the news, “We are excited that Paxos has decided to bring their stablecoin issuance and regulated tokenization platform to Arbitrum. Arbitrum’s high performance network and robust ecosystem makes it a natural home for Paxos’ tokenization platform. This collaboration brings together Paxos’ industry-leading infrastructure and Arbitrum’s robust onchain ecosystem. We’re excited to see the transformative impact this will have on DeFi and the broader Arbitrum ecosystem.”

Paxos’ highly regulated approach ensures that its tokenization offerings comply with financial regulations in each region of operation. With trust and credibility built into its platform, Paxos supports leading enterprises and institutions that will now be able to leverage Arbitrum’s highly-scalable and efficient network.

Walter Hessert, Head of Strategy at Paxos, added “We are excited to partner with Arbitrum to bring more real-world assets on-chain. Arbitrum is known for its speed, security and scalability, which is critical to driving long-term adoption of digital assets across industries. In the next three years, the adoption of stablecoins by both retail and institutional user will explode and Paxos will drive that paradigm shift. “

About The Arbitrum Foundation

The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. Arbitrum One—a leading Ethereum Layer-2 scaling solution initially developed by Offchain Labs—offers ultra-fast, low-cost transactions with security derived from Ethereum through Optimistic Rollup technology. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 54%+ TVL in the L2 segment. 2000+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.

About Offchain Labs

Offchain Labs is a venture-backed, Princeton-founded company that has dedicated over five years to blockchain research and development. As the original contributors to Arbitrum, Offchain Labs has been instrumental in revolutionizing the industry through this leading network scaling solutions. The team continues to build upon this foundation by innovating and enhancing products such as Prysm, Arbitrum Orbit, Stylus, and Arbitrum Nitro. In October 2022, Offchain Labs acquired Prysmatic Labs, the leading consensus client for Ethereum, further cementing Offchain Labs alignment with Ethereum.

About Paxos

Paxos is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos partners with leading global enterprises to tokenize, custody and trade assets. Its blockchain solutions are used by leaders like PayPal, Interactive Brokers, Mastercard, Mercado Libre and Nubank. It is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Its affiliate company Paxos International issues the yield-bearing regulated stablecoin Lift Dollar (USDL). Prudentially regulated by the NYDFS in the US, the MAS in Singapore and FSRA in Abu Dhabi Global Market, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures.

Zeus Dex launches bridgeless multi-chain platform, addressing DeFi fragmentation with $4.5M liquidity on launch 334

Zeus Dex has officially launched its innovative multi-chain decentralized exchange (Dex). Built with Layer One X’s innovative multi-chain X-Talk technology. X-Talk enables seamless cross-chain trading without the need for traditional bridges. In 2022 alone, over $2.6 billion was lost to bridge hacks, highlighting the security vulnerabilities of existing cross-chain solutions. Moreover, liquidity fragmentation has been a significant pain point for DeFi users, as liquidity is often dispersed across multiple ecosystems, making it difficult for users to access the best rates and maximize returns. Zeus Dex aims to solve these issues by offering a unified decentralised trading platform where users can effortlessly trade assets across EVM and Non-EVM chains like Ethereum, Solana, Arbitrum, Binance Smart Chain, Tron and more.

Zeus Dex’s key features include Multi-Chain Balancer Pools, allowing users to create or participate in pools with assets from EVM and Non-EVM chains like ETH-SOL, ETH-BNB, and more, providing deep liquidity across networks. Additionally, the platform offers a user-friendly zapping feature, simplifying the process of moving funds between different blockchain ecosystems, making multi-chain DeFi more accessible than ever.

With $4.5 million in initial liquidity, Zeus Dex is set to provide users with enhanced trading capabilities, secure transactions, and a seamless experience across multiple chains. Single staking Liquidity pools for multiple networks are in place to provide liquidity for swaps and the fees are distributed back to the token holders. ~30% of the liquidity in DeFi is fragmented and Zeus Dex aims to market to users on all chains as well as other De-Fi Projects. Additional features will be rolled out, including multi-chain lending and borrowing, auto compounding and Omni-Chain user credit score building systems in partnership with other DeFi protocols.

Zeus Dex’s Tokenomics have been structured to ensure sustainability, and incentivize long-term platform growth:

  1. Team allocation: 20% of the total supply is reserved for the core team and advisors.
  2. Initial sale and incentives: 35% is allocated initial token sale and liquidity provisioning across various pools. 
  3. Public distribution: 10% will be made available through a public sale.
  4. Treasury & development fund: 15% is set aside for futured development and ecosystem incentives.
  5. Marketing & partnerships: 20% is reserved for marketing efforts and strategic partnerships.

Zeus Dex has an innovative two-phase token sale. In Phase B (Sept24 to Oct24), tokens are available for purchase at $0.03 each, with the sale lasting for two months. After Phase B, 25% of the participants’ tokens will be unlocked, and these will have priority for sale to Phase C (Nov24 – Dec24) participants at a price of $0.075. Additionally, during Phase B, participants will benefit from a 165% APR, which will be distributed daily, incentivizing continued liquidity provision and staking in the platform. This unique structure ensures a balanced reward system and supports liquidity growth across the Dex. For the timeline of phase B and C, ZDX holders will be able to stake their ZDX into a single staking pool that will provide SZDX as rewards, that can be traded with L1X, ETHUSDC and BSCUSDT.

Zeus Dex has created a global liquidity pool that projects from any network can access by integrating with its cross-chain contracts, secured by the X-Talk infrastructure. This setup enhances trading volumes for liquidity providers, allowing them to earn fees not only from the Zeus Dex platform but also from external applications that connect to it. The objective is to provide a global liquidity infrastructure enabling Zeus to be a powerhouse of cross-chain liquidity management and provisioning solutions. Zeus has already commenced integrating with multiple applications to provide its initial and incoming liquidity to generate fees. Zeus Dex is aiming to leverage Bitcoin Integration into cross-chain capabilities to be powered by X-Talk infrastructure from Layer One X.

Compared to bridges, X-Talk uses less contracts and is more secure with cross-chain contract calls making transactions done with Zeus lower in fees, secure and faster. With more than $10 billion being paid in liquidity mining across DeFi protocols and ~30% of the TVL (Total Value Locked) being fragmented, Zeus Dex aims to target this market promoting bridgeless multi-chain liquidity movement and management.

Zeus Dex is live at https://www.zeusdex.pro/