Ripple is considering breaking into the Chinese market to apply its distributed ledger technology (DLT) to cross-border payments, a Ripple executive told CNBC August 15. Jeremy Light, vice president of European Union strategic accounts at Ripple, said in a phone interview that the company is looking to enter the Chinese market to speed up international payments with its DLT. Light said that “China is definitely a country and region of interest.”
While blockchain is the technology that underpins cryptocurrencies, Ripple’s blockchain was initially designed to accelerate payments processing, which subsequently attracted over 100 financial establishments to its network. Though Ripple’s portfolio includes leading financial industry players like UniCredit, Santander, UBS and others, the company is likely to face strong competition of local fintech firms offering payment solutions.
In February, Ripple made an attempt to enter the Chinese market by partnering with Chinese payment service provider LianLian in order to offer faster and less expensive cross-border transactions to their customers across the U.S., Europe, and China.
Recently, tech giant Tencent implemented a pilot blockchain ecosystem for invoices, which enabled the issuance of China’s first digital invoice on blockchain. It is the only pilot of its kind to have received the official approval of the State Administration of Taxation, and has been designed for comprehensive use by consumers, merchants and tax authorities.
Ant Financial, the company behind mobile and online payment platform Alipay, entered into “definitive agreements” with investors to secure $14 billion in a Series C equity financing round in June. The company planned to invest the funds into accelerating Alipay’s blockchain and other innovative technologies in order to deliver financial services to unbanked and underbanked consumers.
CAGA Crypto, a growing project in decentralized finance, is thrilled to announce the successful start of three prominent airdrop campaigns that were launched on February 7, 2024. These campaigns offer participants the opportunity to engage with the CAGA network, earn rewards, and influence the future of the blockchain technologies.
The three ongoing campaigns include the CAGA Staking, CAGA BUY & HODL, and the CAGA Social Bonanza. Each of these is designed to provoke active participation and reward community engagement. Eager participants should register, submit transaction details, and adhere to campaign rules to qualify for rewards.
CAGA Staking Campaign
Running from February 7 until the Mainnet launch, this campaign encourages participants to become Staking Pioneers on the CAGA Network. By staking CAGA tokens, participants secure their spot in a massive 100,000,000 CAGA Prize Pool.
CAGA BUY & HODL Campaign
From February 7 to April 30, participants can join the BUY & HODL Campaign to earn points and a share of the 50,000,000 CAGA Prize Pool. By purchasing and holding CAGA tokens, participants accumulate points, with higher point tiers offering increased rewards.
CAGA Social Bonanza
Running from February 7 to February 29, the CAGA Social Bonanza offers a staggering 100,000,000 CAGA Prize Pool. Participants can earn points through social activities and completing daily tasks. Top participants stand a chance to win exclusive bonuses, with a lucky lottery winner receiving 500,000 CAGA tokens.
Rino, Founder of CAGA Crypto, once commented on the concept of the project: “With CAGA, you’re not just a passive investor, but an active participant in a growing ecosystem. We’d like to empower every stakeholder. Every proposal, every vote, and every discussion is a step towards a more transparent and equitable financial future. CAGA is also built on the foundation of the Ethereum blockchain, ensuring security, transparency, and trust. This aspect alongside of our staking platform allows users to earn with CAGA while they build the future of the DAO. This gives the rights to the community to share a voice, as each person regardless of background, has the power to lead with their vote.”
About CAGA Crypto
CAGA, the Crypto Asset Governance Alliance, is a decentralized autonomous organization (DAO) focused on governance and innovation in the crypto space. The platform enables token holders to actively participate in decision-making through staking. With a commitment to anonymous decision-making, CAGA empowers the community to choose its own path. Imagine a world where every voice matters, and communities unite for common goals. Everyone is welcome to the frontier of decentralized innovation, where possibilities are limitless, and power belongs to the people.
For more information and to participate in the ongoing or future airdrop campaigns, visit the official CAGA website and follow them on the specified channels:
The Megapix team has just unveiled a new feature for their project: the AI Photo TG Generator. This innovative tool intends to change how people create and share art within the Web3 community. With ambitious growth plans, Megapix aims to expand beyond Solana. The goal is to support multiple blockchains to enhance accessibility and engagement in the decentralized space.
Presenting the AI Photo TG Generator to the Web3 Community
Megapix introduces the AI Photo TG Generator, transforming the Web3 community through art. This engine crafts digital visuals with ease. Users simply input their vision.
The Generator then creates art instantly. It’s user-friendly and sparks everyone’s imagination. With just a few clicks, the Megapix Bot generates vibrant visuals. It works effortlessly within a chat environment. Users find their sense of creativity ignited. It democratizes the art-making process.
The Bot is a companion, turning a conversation into creation. Each idea blossoms into a unique digital piece. This artistic journey unfolds within one’s chat window. It connects with the growing Web3 space.
The AI Photo TG Generator is not just a tool. It’s a gateway to artistry for all. Its simplicity and efficiency make it stand out. Megapix propels its users into an artistic future today.
All the Project’s Ambitious Plans
Megapix’s roadmap unveils exciting features set to revolutionize the digital art space. The web version, soon to arrive, promises a seamless experience. It allows users to create and share art universally.
An NFT marketplace is also on the horizon. It provides a space for artists to sell their work and for collectors to discover new treasures.
The project will introduce an image enhancement tool next. It will refine and transform user-uploaded images using Megapix’s powerful engine.
Additionally, a collection generator is in the works. It aims to simplify the creation and minting of NFT collections for artists.
Finally, Megapix plans to embrace the MultiChain approach. This expansion will support Solana and various blockchains, making the platform more accessible. These developments seek to enrich the community’s experience and broaden Megapix’s reach.
Megapix is a new project in the Web3 community that aims to revolutionize the digital art space with multiple features. The team has also presented $MPIX, the native token linked to the initiative.
With $MPIX Tokens, users can access distinct levels of creativity and explore advanced AI-driven features to enhance their artistic expression. The platform offers three tiers – Explorer, Creator, and Visionary – each with unique capabilities for different types of users.
Moreover, Megapix has a transparent and secure tokenomics system with 0% tax and an immutable contract. The total supply of $MPIX Tokens equals 1 billion, with marketing, operations, and future CEX listings allocations.
The recent AI Photo TG Generator launch is just the beginning of Megapix’s plans to revolutionize the Web3 art scene.
In a groundbreaking move that sets a new precedent in the blockchain sector, the OORT Foundation today unveiled a trio of strategic initiatives designed to significantly enhance its ecosystem and deliver increased value to its stakeholders. These initiatives include a major burn of over 1 million OORT tokens, establishing a key partnership with decentralized finance pioneer Poolz, and the rollout of OORT EARN, a novel platform that enables users to stake their tokens not just to receive APY and airdrops, but additionally users wil will receive early access to OORT ecosystem products, the opportunity to claim OORT Merch, engage with the project, as well as other benefits for the community. This includes Stake-For-Storage (SFS) which will launch shortly after the platform goes live.
Token Burn to Bolster Market Confidence:
In a decisive action to reinforce market confidence and augment the intrinsic value of its tokens, the OORT Foundation will execute a burn of over 1,000,000 OORT tokens. This move is part of a broader strategy to purchase up to 30% of the last quarter’s revenues in OORT Tokens, underlining the foundation’s commitment to its meticulously designed tokenomics and long-term value enhancement.
Revolutionizing Token Staking and Airdrops: OORT EARN introduces a dynamic staking model offering APYs of 5%, 10%, 15%, and 20% for staking periods of daily, 3, 6, or 12 months, respectively. This platform also enables users to register their staked tokens to receive a proportional amount of Airdrop Rewards from various ecosystem partners, further enriching the OORT ecosystem and stakeholder value.
Strategic Partnership with Poolz:
Marking a significant milestone, Poolz becomes the first grant recipient under OORT Foundation, catalyzing the development of a project on the Olympus Protocol, OORT’s Layer 1 blockchain. This collaboration is poised to streamline Initial DEX Offerings (IDO) and claims over the OORT, simplifying user participation in token offerings and DeFi projects.
Seamless Integration: Poolz Finance will be seamlessly integrated with OORT, allowing for Initial DEX Offerings (IDO) and easy claiming via OORT. This integration will offer a streamlined experience for users seeking to participate in token offerings and engage with DeFi projects.
Co-Grants for Projects: Projects that choose to build on OORT will have the opportunity to apply for co-grants from both Poolz Finance and OORT. This support aims to foster innovation and accelerate the development of groundbreaking projects.
Investment by Poolz Ventures: Poolz Ventures, an arm of Poolz Finance, will actively invest in early-stage projects that choose to build on OORT. This strategic investment will provide a boost to promising projects and help them thrive in the DeFi ecosystem.
Cross-Chain Compatibility: Poolz’s agnostic chain feature and OORT decentralized cloud platform opens doors to cross-chain compatibility, potentially broadening opportunities for users to interact with diverse blockchain ecosystems.
Marketing Synergy: To amplify our reach and impact, Poolz Finance and OORT will engage in joint marketing efforts. Expect to see comprehensive marketing campaigns and educational content that empower users and foster community growth within the crypto and DeFi communities.
OORT is a decentralized cloud for privacy and cost savings. By integrating global compute and storage resources, we provide AI solutions to enhance business operations.
Ondo’s Sui upcoming integration will bring native access to new tokenized assets such as treasuries, securities, and stablecoins on chain
Sui, the Layer 1 blockchain which has experienced explosive growth since its inception eight months ago, today announced that Ondo Finance is expanding into the Sui ecosystem. The expansion will bring Sui Network’s first native dollar-denominated token (including stablecoins and interest-bearing stablecoin substitutes) in the form of Ondo USD Yield or “USDY” — a US treasury-backed and interest-bearing token issued by Ondo.
Ondo’s expansion to Sui adds to Sui’s blistering DeFi momentum, demonstrating the growth and demand for financial applications and native functionality on chain. Sui’s DeFi volume is up more than 1200% since October and Sui recently broke into the top 10 DeFi ecosystems as measured by TVL.
Ondo Finance is the third-largest platform bringing tokenized derivatives of real-world assets onto public blockchains with $185M in TVL and over $1B worth of its newly-launched governance token trading in its first week in late January. In addition to stablecoins, Ondo’s flagship Treasury-backed tokens, tokenized securities, and real-world assets will create countless new opportunities for teams building on Sui.
Ondo’s expansion into the Sui ecosystem also continues a trend of top projects affirmatively choosing to integrate into Sui. For example, in December 2023, leading Solana lending protocol Solend announced it would launch a lending protocol native to Sui and decentralized derivatives exchange Bluefin likewise shuttered its V1 Arbitrum implementation to focus entirely on Sui.
“The people who interact with our platform want fast and efficient transactions, which should be essential for any blockchain project,” said Ondo’s founder and chief executive officer, Nathan Allman. “Sui’s growth and network performance offer clear confirmation that its network is the perfect fit for Ondo’s ecosystem.”
Tokenized treasury offerings represent tradable tokens backed by real-world assets, and their presence on Sui is a significant step toward growing DeFi in the ecosystem and across the industry.
“Ondo is an amazing addition to the Sui ecosystem, providing a native yield-bearing stablecoin-like asset that will unlock new opportunities for Sui’s builders and developers and essential new functionality for the users of their applications,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s DeFi volume is already growing at a remarkable rate and Ondo’s participation will make that trajectory even stronger. I am excited to see how Sui’s community leverages the real-world assets and innovative financial products Ondo offers.”
In June 2023, the EvoSim Universe Play-to-Earn (P2E) project was launched, providing users with the opportunity to earn tokens in the game using eSIM mobile data. The primary concept behind the project is to empower users to earn money anywhere and at any time. Whether you’re traveling or a fan of the web3 industry, you can start playing EvoSim Universe and utilize all the features the project offers.
Mobile games and growing public interest in cryptocurrencies are making the project more relevant. In 2022, the global play-to-earn (P2E) games market reached around $347 billion, with mobile games making up the majority at $248 billion, according to Statista. These stats highlight significant opportunities for projects blending gamification with cryptocurrencies and NFTs, Talk Finance notes.
EvoSim Universe differs from traditional crypto projects in that it provides a simple and intuitive way to earn money through actions that users already perform every day—such as using mobile data while traveling, working, or scrolling through social networks.
EvoSim Universe project and its functionality
EvoSim Universe is an ecosystem that consists of two main components: EvoSim’s profitable offline business based on the eSIM technology model using international tariffs, and the Web3 NFT platform, which allows customers to integrate the use of mobile data with the purchase of NFT and the earning of project tokens.
To start earning, just install two apps, buy project tokens, and use them to purchase NFTs. It’s straightforward: use data, earn tokens, and exchange them for money or enhance your NFTs.
The project has two own tokens: ECT and EMT. The first ECT token is the main currency. It allows customers to buy NFT. EMT is a premium currency that becomes available to users only after reaching level 25 of in-game hierarchy. It allows them to participate in decision-making on the development of the project, as well as submit proposals.
EvoSim web3 system incorporates a DEX wallet, a user-friendly marketplace for quick asset purchases, a variety of NFTs with different attributes to boost profits, and a brand ambassador program. These elements offer users opportunities to earn not just through playing but also by trading tokens, participating in affiliate programs, and enhancing and combining NFTs.
EvoSim’s features and advantages
EvoSim Universe offers an innovative Web3 eSIM NFT platform, creating opportunities for all users, not just travelers, interested in Play-to-Earn (P2E) models. This system enables users to earn cryptocurrency and NFTs by using the internet in their daily lives.
Among its main features are the following:
The Web3 eSIM NFT platform is created from a profitable and simple solution for travelers. Users get the opportunity to earn money by using Internet traffic on a daily basis.
Data transfer plans, NFT and cryptocurrency that allow you to earn money on one secure and convenient platform. Discover a world of possibilities and join an ecosystem that rewards your daily digital interactions.
All you need to do to register is to enter your email address and the confirmation code that will be sent to the specified address.
Level up, trade unique digital assets and earn cryptocurrency rewards while surfing the internet.
Boost NFT levels. Upgrade your assets to unlock new features.
NFT Minting. Combine your NFTs to create new digital assets. When mining an NFT, users also have the potential to unlock additional NFTs.
Integration of mobile data and Web3 is a unique feature of EvoSim Universe
EvoSim Universe stands out among other crypto projects with a unique approach to integrating traditional mobile communications with modern digital technologies. The key factor that makes EvoSim Universe exceptional is the combination of the usual use of mobile data with the possibility of earning on cryptocurrencies and NFT.
The project turns the daily use of the Internet into a potential income. Through the use of eSIM technology, this platform provides easy access to mobile communications around the world, making it ideal for travelers and global users.
Unlike other cryptocurrency projects that require certain actions to be performed in order to earn money, EvoSim Universe allows users to earn money from ordinary everyday activities, such as browsing the Internet. This creates a rich and dynamic experience for users who are looking for more than just a plain mobile connection.
EvoSim Universe stands out from typical crypto projects with its unique features, providing an innovative way to utilize mobile data and create new opportunities for digital earnings. Joining is open to everyone, without location restrictions—whether you’re a frequent traveler, on business trips, or an active user of web3 and P2E solutions. Dive into EvoSim Universe and become part of the evolution in how we perceive mobile communications!
Since its launch on December 27th, 2023, MONSTRO’S DEGENZ!, the latest addition to Monstro’s Universe, has created a significant buzz in the DeFi space and taken in an astounding $1.1M USD in BNB deposits. Renowned for upending traditional approaches, DEGENZ! turns the promise of “too good to be true” daily passive income (2-6%!) into a sustainable reality, steering clear of the problems that have plagued similar ventures.
Recognizing the inherent challenges in “ROI dApps,” which often falter due to dependency on continuous capital influx or fall prey to fraudulent activities, the Monstro team has instituted a robust strategy. This plan is grounded in an understanding of the typical pitfalls for investors in ROI dApps and introduces innovative solutions from the outset.
MONSTRO’S DEGENZ! distinguishes itself through a unique dual-phase approach. Phase One encapsulates the excitement of daily earnings, blending game theory and strategic decision-making. Participants face intriguing choices: reinvesting for multipliers, claiming earnings, or purchasing NFTs to enhance earning rates.
As the influx of fresh capital eventually subsides, DEGENZ! seamlessly transitions into Phase Two. This phase involves halting new deposits and issuing NFT “receipts” to wallets yet to claim their promised profit (ranging from 150% to 300%). These receipts enable holders to earn real, external yield from farming and liquidity operations, paid in USDC weekly. This approach, successfully implemented since August 2023 with Monstro’s Farmz!, leverages a 30% deposit fee reinvested in DEXes like Trader Joe, Orca, Uniswap V3, Sparkswap, and Alienbase.
“It’s not about if, but when you’ll profit. This assurance sets us apart from other projects in the space, a claim few can make,” asserts 0xVarius, a co-founder of Monstro’s Universe.
Enhancing the offering, DEGENZ! features an aggressive referral program. Referrers can earn 5-20% based on the total deposit volume they introduce, with an innovative “cashback” option for their downline. This user-friendly feature allows referrers to automatically share rewards, facilitated by the smart contract, embodying Monstro’s ethos of community and ease.
Monstro’s Farmz! epitomizes passive income, boasting nearly $500,000 USD in Total Value Locked (TVL) and nearly $230,000 USD disbursed to its community in just five months. The platform invites users to effortlessly watch their earnings grow, with USDC payouts every Wednesday. Emphasizing transparency and accountability, all contracts, wallets, and positions are publicly accessible, reflecting the team’s commitment to absolute openness.
About Monstro’s Universe
Monstro’s Universe is crafted for both thrill-seekers and astute investors, blending captivating characters with the promise of steady, passive income. It’s a realm where DeFi is not just profitable, but also enjoyable. Regardless of your investment goals, Monstro’s Universe offers treasures tailored to your ambitions.
Guided by a seasoned team of crypto experts, Monstro’s Universe prioritizes fairness and transparency. All operations are public, recorded on-chain, and uphold the highest standards, underscoring the team’s dedication to the integrity and vitality of Monstro’s Universe.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.