The Number Of Crypto Users In Ireland Has Grown 300% Over 4 Years 6700

The Irish people seem to have developed quite a taste for cryptocurrencies. According to a report released by Red Flag and Amarach Research, roughly 120,000 Irish citizens are already crypto owners.

That’s a far cry from the measly figure of 4 years ago when very few people even had an idea what cryptocurrencies stand for. That said, a 300% increase in crypto ownership over a period of 4 years look really good, especially when the figure represents people between the ages of 25 and 34.

That also presents an interesting scenario where the public perception of cryptos seem to have changed from suspicion to the current wave of curiosity, with men taking the lead as the more willing parties to try digital currencies. Bitcoin takes the mantle as the most popular cryptocurrency among the Irish public. Bitcoin’s popularity in Ireland can be attributed to the recent positive developments in Ireland regarding cryptocurrencies. One of such is the opening of Crypto Café, an establishment started on Aungier Street just a few months ago.

Crypto Café was funded with cryptos and therefore accepts only cryptocurrencies as payment. Another one is Lottoland, a venture that holds jackpot draws and pays out prizes in Bitcoin.

Another factor that’s made a great significance in popularizing cryptos in Ireland is the launch of Irishcoin back in 2014. Aimed at boosting tourism, the Irishcoin can be used at select hotels, bars, and restaurants at discounted prices. It may not compare in value to the major cryptos like Bitcoin and Ethereum, but the Irishcoin has managed to remain afloat and serve its niche market for years.

It’s a fact that progressive developments in the crypto world are bringing the digital currencies much closer to mass adoption as well as acceptance as legal fiat tokens, and developers are working hard to come up with better ways to stem fraud.

For example, there’s the Flexa App, a digital app that makes it possible for people to buy store items using Bitcoin Cash, Ethereum, Bitcoin, or Litecoin. The goal is to enable users to pay for items without necessarily using bankcards – and that solves the issues like fraud that plague various payment platforms.

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STABILA – (STB) Coin Cryptocurrency, Literally Everything You Need to Know 2056

Stabila

What is STABILA, and what is it trying to accomplish?

STABILA is a blockchain – based decentralized protocol that aims to construct a worldwide fintech system with the blockchain and distributed storage technology.

STB and the STABILA protocol!

Solving the problem of centralized fintech may be a “Micro” goal for STABILA, but the “Macro” goal is much greater. STABILA’s “Macro” goal is to completely reshape how we as a global society financially interact via the Internet on a truly decentralized platform ecosystem. One way to view STB is to view it as the “exchange” currency on the STABILA protocol blockchain. There will be many companies built on the STABILA blockchain that will use their own individual company crypto coins, but STB will be intertwined as the mediator between all of them.

As a licensed smart contract-capable blockchain, STABILA allows developers to build and deploy highly capable decentralized applications (DApps) that can be designed for fintech. 

The platform was founded in September 2021 by tech entrepreneur Daniel Varzari, who currently heads up the Moneta Holdings, a company that assists with the development and growth of the STABILA ecosystem.

How Does STABILA Work?

STABILA is similar to EOS in that users on the network need to acquire resources in order to transact or interact with smart contracts. On STABILA, these resources are separated into two types: bandwidth & UCR. Users need to CD (Contract of Deposit – temporarily lock) their STB to get bandwidth and UCR. 

When a user makes a regular transaction, bandwidth points are consumed, whereas smart contract transactions also consume UCR. Both bandwidth and UCR are gradually recovered over a 24-hour period. 

Like most smart contract platforms, STABILA features its own virtual machine — in this case, known as the STABILA Virtual Machine (SVM). The SVM is essentially the operating system used for running smart contracts in a secure and decentralized, but reliable environment. The SVM is said to be Turing-Complete, but its full capabilities are still being unraveled. 

STABILA is secured by a delegated-proof-of-stake (DPoS) consensus mechanism, which uses a network of 21 Governors (Gs) and 79 Executives (Es) to verify transactions and package them into blocks. These Executives are voted into position through an open election, which sees STB holders vote on their favorite Gs based on their merits.

Executives are also tasked with proposing improvements to the STABILA network. 

In the original STABILA whitepaper, a 5-year roadmap was set out for the project. STABILA is currently completing 1st year of this roadmap, and as of November 2021 is currently in the “V.1” stage of development.

V.1 – Smart contracts disabled.
V.2 – Licensed smart contracts enabled. (Feb 2022)

What Makes STABILA Unique?

STABILA is built to power a decentralized fintech echo system. It includes a number of features that help achieve this goal, including: 

On-Chain Governance

STABILA joins the increasing number of blockchain platforms to support on-chain governance — allowing STB holders to play an active role in shaping the future of the platform by selecting the Governors and Executives that ultimately enforce the will of the fintech community. 

Token Support

Like other competing smart contract platforms, including Ethereum and TRON, STABILA supports a variety of token standards, which helps developers power a range of novel use cases. These include TRC-20, TRC-10 and TRC-721 (non-fungible) token standards.

High Scalability

STABILA is designed to support massive on-chain scaling, allowing developers to build applications that can support potentially tens of thousands of users simultaneously. At present, STABILA’s DPoS consensus system allows it to comfortably handle around 2,000 transactions per second (TPS), but there are plans to further improve this in the future. 

Developing Ecosystem

What Stabila is developing for its users:

  1. PUBLIC BLOCKCHAIN
  2. STABLE COINS
  3. CRYPTO TO FIAT TO CRYPTO
  4. DEX & CENTRALIZED CRYPTO EXCHANGE
  5. ONLINE-ONLY FINANCIAL INSTITUTION
  6. STOCK & COMMODITIES ASSET CLASS TOKENIZATION
  7. DIGITAL MARKETPLACE

What Are Licensed Smart Contracts?

Smart contracts are useless and will continue to be useless for the foreseeable future. They lack mechanism of proofing asset backing and cannot communicate to the outside world. The Licensing model proposed is to allow only smart contracts that have real use and are asset backed by the underlying logic and corporate structure. In case the smart contract owner cannot keep up with his smart contract promise, a third party shall carry liability so the customers are fully protected on STABILA network.

Hxro Network Announces $34M Strategic Round Co-Led by SIG DT, Jump Crypto and Blockchain Capital 1454

Hxro Network (“HXRO” or “the Network”), a derivatives primitive built on the Solana blockchain, today announced the closing of a $34 million strategic funding round co-led by SIG DT Investments (A Susquehanna International Group Company), Jump Crypto, and Blockchain Capital.

The $34 million HXRO token round was backed by a marquee list of principal trading firms including SIG DT, Jump Crypto, Alameda Research, Chicago Trading Company, and Pattern Research as well as venture participation from Blockchain Capital, Solana Ventures, Coinbase Ventures, Commonwealth Asset Management, CoinFund, Genesis, LedgerPrime, Mantis, and Magnus Capital.

The round follows a $15 million HXRO token deal earlier this year that brought Commonwealth as well as notable macro hedge fund managers Alan Howard and Louis Bacon to the Network.

Hxro Network is a liquidity, risk, and margin primitive for risk-based applications built on the Solana blockchain. It provides critical support for a full suite of on-chain derivative markets. Solana is a key component to the Network, providing censorship-resistant infrastructure with the speed and low marginal transaction costs needed to facilitate derivatives markets at scale.

The Network protocols provide open solutions enabling market makers, traders, operators, and other network participants to quickly create and connect to globally aggregated liquidity. These protocols combine the risk, margining, clearing, and capital efficiencies of centralized derivatives with the open, trustless, and censorship-resistant elements of DeFi.

The Network plans to initially support markets for the most well-known crypto-assets, and will later agnostically extend to markets for any high-fidelity data supplied by network-approved oracles. This scope enables the Network to provide the underlying market infrastructure for everything from crypto and traditional assets to live in-play sports wagering and other event-driven markets.

Dan Gunsberg, Co-Founder of Hxro Network, commented on today’s news: “The notional size of incumbent derivatives markets is still many times that of what is available in DeFi. The mission of Hxro Network is to change that in a way where all market participants, no matter the size of their contribution and participation, can benefit. Today’s announcement is further validation of Hxro Network’s community-based vision to build the most robust and scalable decentralized derivatives primitive available in the marketplace. We’ve coordinated some of the most experienced participants from both traditional and crypto markets to participate in the design and build of the network’s most critical foundational elements. Under normal circumstances these teams would be incredibly competitive with one another. However, they all share a common goal of unlocking the frictions that exist in incumbent markets and creating an open marketplace through the application of decentralized technology. As a community, we are creating a very powerful foundation for decentralized derivatives to scale and become a significant part of the fabric of the global derivatives landscape.”

The Network will utilize a unique staking protocol to facilitate network governance, liquidity incentives, and rewards. Hxro Network value will largely derive from transaction fees generated within the network. One hundred percent of the Network’s value will accrue to staked HXRO token holders, specialized node operators, the network treasury, and developer pools vital to network scaling and functionality. It will compose with Pyth Network as its primary data oracle, and will also easily compose with order books from Project Serum. The Network will integrate Civic as well, which will provide critical primitive layer compliance architecture.

HXRO plans to begin launching v1 network components to Solana mainnet next month and into Q1 of next year. This will include parimutuel markets, serial and quarterly futures, perpetual swap and options.

Metaverse Project DigiNation Completed 2.4 Million Fund Raising and Launching a Squid Game-like Contest Starring CryptoPunks 1645

Metaverse gaming project DigiNation has successfully raised a total of $2.4M from venture capital firms and strategic players in the industry. The investors include: Longhash Ventures, OKEx Blockdream Ventures, Huobi Ventures, RareStone Capital, Spark Digital Capital, Yuanyuzhou Ventures and 21DAO Ventures.

Starting on the Ethereum blockchain, DigiNation is an all-encompassing ecosystem that comprises an extensive virtual gaming client DigiPlayer, playable characters (represented by DigiAvatar NFTs), a 3D design studio called DigiMaker, a web gallery named NFT Live, and an OpenSea-esque integrated marketplace known as DigiMarket.

DigiNation’s innovation on the NFT starts from making the DigiAvatar NFTs with evolving attributes. In the DigiNation metaverse, DigiAvatars NFTs are the indigenous citizens, and these NFTs’ attributes such as Experience and Fame can grow according to the player’s activities in the game.

The public mint of 950 DigiAvatar NFTs on Ethereum was sold out in 8 minutes on 19 Nov.

With interoperability being a stated goal of the DigiNation team, the hope is that DigiAvatar NFTs can access not only the DigiNation but also other metaverses, whether they are on Ethereum or on other disparate blockchains. Similarly, third-party NFTs can be imported to DigiNation via NFT Live. For example, it will be possible to import a 2D picture NFT such as a CryptoPunk – which DigiNation will convert into an animated 3D avatar for use in the game.

The team plans to kick start the DigiNation in December by launching a multiplayer online tournament called Crypto Survivor, a sort of amalgam of the TV series Survivor and Squid Game, inviting reputable NFT projects such as CryptoPunks and Pudgy Penguins to star in the tournament.

Centaurify & The Music Industry Revolution 1990

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The pandemic has left many industries in ruins—including the music & performing industry. And it should not come as a surprise to anyone as many sectors were already in shambles and required restructuring in order to thrive once again.

The issue that was and still is plaguing the music & performing industry long before the pandemic arrived, was the same as in many other industries—an abundance of middlemen and predatory organizations that sought to maximize profits at the expense of the industry’s sustainability and prosperity.

Instead of restructuring and aiming for sustainability—ill practice continued which has resulted in the music and performing industry to essentially turn into ashes with the arrival of the pandemic.

But from these ashes, a Phoenix started to form, a Phoenix called—Centaurify.

Origins

To understand what Centaurify is—one needs to understand its origins and the exact conditions that were present prior to & at the moment of the birth of Centaurify.

David Rootwelt-Norberg, the CEO and Co-founder of Centaurify—worked in the fashion industry for 18 years, prior to starting Centaurify, and even ran a successful company that dressed famous artists the likes of Post Malone, Isac Elliot, Madcon, Kygo and Pink. That is how David met the famous artist Martin Bjercke commonly known by his stage name CLMD. The work partnership turned into friendship which resulted in David learning all the pain points of the music industry.

Some of these pain points—which Centaurify will address, are the fact that streaming services provide pennies on the dollar to artists that are the foundation of the music industry, and the fact that these streaming services use an algorithm that promotes music according to a very specific set of parameters. This hollow approach destroys the creativity of artists and forces them to essentially all be more or less the same—if they want to succeed and gain popularity on the aforementioned streaming services.

But when the pandemic hit, David learned—through Martin, how broken the music & performing industry truly is. The lesson David learned was simple—because of the lockdowns, Martin lost almost all his income as an artist and was forced to find another job in order to sustain himself. In other words, the lesson is—artists are entirely dependent on live events to make ends meet—otherwise they have to find a second job in order to live, and deliver amazing masterpieces we all enjoy.

To make matters worse, this was a common occurrence even before the pandemic—for artists that are not as famous or successful as Martin—who sold several songs to platinum. This state of affairs hurts everyone—the artists, the streaming services, labels, consumers and essentially every participant of the music & performing industry.

And this is where Centaurify comes in.

Rising from the ashes

The music & performing industry has a chance to be reborn—with Centaurify. The Centaurify team seeks to alleviate all the previously mentioned pain points as well as materialize new concepts that will supercharge artists’ efforts and grant them the financial stability and appreciation they deserve!

The solution is provided in the form of a platform that will facilitate various types of activities. The activities and functionalities that the platform will provide—range from the issuance of event tickets in a decentralized and super-efficient manner, sales of digital collectibles, special perks for fans, preprogrammed and automatically executed royalties distribution—to performing merchandise and clothing drops for fans.

All these mechanisms and activities will be mainly realized with the help of the so-called NFT technology, where the NFT acronym stands for—Non-Fungible Token.

The NFT technology will also solve a burning issue of the music & performing industry—scalping and immense potential revenue losses due to the scalping phenomenon. For those less acquainted—scalping is the action of buying a scarce object such as a graphic card, or a ticket, and selling it at a grossly inflated price. Centaurify will resolve this issue by utilizing smart contracts to program the tickets in such a way that the tickets cannot be sold below or above a certain price threshold. The tickets will be also programmed to provide royalties on each resale in the secondary market.

To create a positive feedback loop within the platform, the Centaurify team decided to provide a portion of the transactions from NFT purchases—to the stakers of the Centaurify token. The ticker for the Centaurify token is $CENT and it will be used to execute all purchases on the platform.

The Centaurify team also decided to provide users and artists the stability that is lacking in the crypto sphere—via a stablecoin that will be utilized within the platform itself.

Thought leadership

David and Martin, in their own words, started the Centaurify project to make the world a better place—through technology and music. David, with his experience as a CEO in the fashion industry that is well connected to the music industry, and Martin with his first hand experience in the music industry—is definitely the type of expertise that a project like Centaurify requires.

Together with the rest of the Centaurify team—they will provide the thought leadership that is desperately needed within the music and performing industry. This thought leadership is already apparent through the steps the team has already taken—such as choosing the advanced & egalitarian Cardano blockchain to build their cutting edge platform and the decision to provide governance mechanisms to artists and their fans.

There is certainly much more to come from this music-based Norwegian startup, which has the vision to make things right by providing a system which will resolve all the issues that have plagued the music & performing industry.

Follow their social media and explore their website—to find out how you can participate in realizing the Centaurify vision.

Twitter: https://twitter.com/Centaurify
Telegram: https://t.me/centaurifyofficial
Discord: https://discord.com/invite/v6ZT7Tg72J
Linkedin: https://www.linkedin.com/company/centaurify
Reddit: https://www.reddit.com/r/Centaurify/

WITTY is Building the DeFi Remittance Platform to Become the Crypto Gateway For Africa 1558

Bitcoin crypto

WITTY is a fully indigenous African Blockchain FinTech Provider built on the Binance Smart Chain focused on developing Products & Services with the aim of creating a Value Chain in the Decentralized Finance Ecosystem [ DeFi ].

The Vision of WITTY is to play the major role in breaking the third world fence by leveraging Permissionless and Trustless Technologies.

The Mission is to Onboard Africa into the Crypto space one step at a time.

WITTY has identified a big problem in Africa which it intends to solve; it’s a low hanging fruit because no other platform is competing in that space.

WITTY seeks to build a platform that will allow African Merchants/Traders and Businesses to buy Crypto with local currency from their Non-Custodial Peer to Peer Crypto Exchange, convert this Crypto to Fiat Dollar on their Remittance platform and be able to wire Fiat to bank accounts in about 100 countries.

So instead of African Traders to source for Fiat Dollar which they get at very high exchange rates from the black market in order to send to their Western and Asian trade partners; they’d rather buy Crypto on WITTY’s Non-Custodial Peer-to-Peer Crypto Exchange at a far much better exchange rate, convert this Crypto to Dollar on their Crypto Remittance Platform and wire to bank accounts of their trade partners in nearly 100 Countries.

WITTY has secured partnership with a Western Financial Institution to make this happen.

The Market size which WITTY intends to serve is large; according to China’s Ministry of Commerce, trade between China and Africa increased by 40.5% year-on-year in the first seven months of 2021, and was valued at a record high of USD 139.1 Billion.

According to the United Nations Conference on Trade and Development, total trade from Africa to the rest of the world averaged USD 760 Billion in current prices in the period 2015 – 2017

WITTY launched its IEO on November 19, 2021 and will end on December 18, 2021 or when the total of 304,000 WITTY Tokens have been sold whichever happens first. The IEO is currently live on P2PB2B Exchange and the native token would be available at a discounted price and given the project’s focus on taking on the African continent the chances of token appreciation are high. There are no whales, this means no single individual can manipulate the market. The IEO buyers will be the early token holders as WITTY has not raised any funds until now, which means you stand to benefit the most from the token appreciation.

The WITTY token has a low supply with a very large Market-size, this means the upside for token appreciation is very high. The total token supply is 20 Million tokens but the circulating supply is 1 Million tokens and will remain so till April of 2023 thereafter there will be 5% emission from the remaining supply.

As you may already know, Africa has a young population who are very active in Crypto Space. Nigeria currently has the largest trade volume second only to the USA, so the WITTY IEO provides an amazing opportunity for Crypto Investors to get in early on this gem.

There are two platforms that needs to be developed for WITTY to go to Market; the Non-Custodial Peer to Peer Crypto Exchange (where the Merchants will buy Crypto with their local currency) and the Remittance Platform (where the WITTY platform integrates with that of their banking partner to provide users a wire transfer functionality).

The Non-Custodial Peer to Peer Crypto Exchange has already been built, the funds raised from the IEO will enable the completion of the Remittance Platform. The Soft cap for the IEO is $200,000 (Two Hundred Thousand Dollars) while the hard cap is $2,000,000 (Two Million Dollars).

Aside from the Non-Custodial Peer to Peer Exchange and the Remittance platform, WITTY plans to offer other range of products and services in its ecosystem;

  • Staking Platform
  • Crypto Debit Cards
  • Crypto Payment Gateway
  • Lending Platform
  • Utility Platform
  • WITTY Fund (A percentage of WITTY Revenue will be kept in this fund with the aim of acquiring complementary platforms in a bid to make the WITTY Ecosystem more valuable and the WITTY Token more profitable for holders).

It is instructive to say that while the primary focus of WITTY is the African Market, users from around the globe can use the platform and of course investors from around the globe can leverage on their unique selling point to invest in this gem now before it becomes very popular.

What Features Make WITTY a Go-To Platform For Africans?

WITTY has forged partnerships with financial institutions to serve a large market; Witty Protocol plans to provide a more flexible and low-cost fee for accessing Blockchain products and services within its ecosystem, demonstrating their commitment to promoting Blockchain and Cryptocurrency adoption across Africa.

With the help of the highly innovative and decentralised system, WITTY Project is positioned to tap into the untapped resources in the African remittance market. Here are some of the key features in the WITTY ecosystem that could attract users to the platform.

  • Non-Custodial/Decentralized: WITTY never holds traders’ digital assets; instead, they give users complete control over their digital portfolio, allowing for true decentralisation. The decentralized nature also eliminates the possibility of a single point of failure.
  • Permissionless and Trustless: WITTY is a protocol-driven platform that is primarily powered by Smart Contracts. This means there’s very little room for human error, if any at all.
  • Enhanced Security: The decentralised nature of the WITTY platform means that users’ Digital Assets are secured better. Each user’s Digital Assets are stored in a third-party Non-Custodial wallet, which also gives users access to their Private Keys.
  • Agile & Empathetic Management: WITTY believes that Africans are in a better position to solve Africa’s problems because they understand the terrain and can relate to the challenges. As a result, they are more determined to change the status quo for reasons other than economics.
  • User Centered Products: Their products are designed to meet the needs of non-tech savvy individuals and to provide solutions to long-standing challenges of financial inclusion for people from all walks of life; their user interface is simple to use and navigate.
  • Active Tribe: WITTY users will be part of an active Tribe of people who are genuinely curious about you and your progress.

The [WTY] token is the primary means of payment in the WITTY ecosystem, and all transactions take place on the Binance Smart Chain network. Fortunately, this is in line with their goal of developing a completely new solution that is free of the limitations of traditional financial infrastructures. WITTY ensures consistency in maintaining the integrity of data, which forms the nucleus of the entire WITTY
ecosystem, to further boost users’ confidence in their products/services.

The project is also aware of some regulatory concerns about the industry’s proliferation of Cryptocurrencies by some bad actors. So they built a robust system with enhanced end-to-end encryption security while maintaining a user-friendly interface to keep them ahead of the curve.

WITTY Brings a Truly Decentralized Ecosystem For Africa

In 2019, the global remittances market generated over US$700 billion in revenue, and it is expected to grow at a rate of 7-8 percent annually over the next ten years. Remittances are particularly expensive for migrants from Sub-Saharan Africa, with payments of 7.45 percent, which is significantly higher than a large proportion of global transactions and nearly double payments in other parts of the world.

The application of Blockchain technology in the finance industry, particularly in remittances and trade settlement, is the antidote to the world’s long-standing bottlenecks in the financial services sector. And, thanks to their validation blocks algorithm, most Blockchains, such as Ripple and Stellar Lumens, can process over 4000 transactions in real-time within milliseconds. The WITTY ecosystem provides a range of products and services that promote financial inclusion while also contributing to a level of transparency and a reasonable fee structure in the payments industry.

WITTY offers a wide range of products and services that promotes financial success inclusion, and to contribute even more to encouraging a certain level of Fees that are reasonable and transparent

To buy WITTY at a discounted price during the ongoing Private Sale p2pb2b.io

To learn more about WITTY visit Wittytech.io

Email: [email protected]
Telegram: https://t.me/WittyClubOfficial
Facebook: https://facebook.com/groups/marketingonfire

MoneyTree: The P2E NFT GameFi & DeFi Platform You Must Watch Out For 1620

MoneyTree

The Non-Fungible Token aka NFTs have become one of the most popular use cases to come out of the crypto world this year. Almost every mainstream brand and celebrity have got involved with NFTs this bull season, however, the NFT ecosystem has evolved a long way from its early days of tokenizing art and celebrity memorabilias. NFT projects are now combining the best of two worlds i.e the video games and cryptocurrencies. Users get to play the game while winning valuable tokens in return that can be exchanged or traded on mainstream platforms. However, most of the projects being launched today are either outright bad or just trying to milk on the trend, as most of these P2E games lack variety and engrossing gameplay, while many others turn out to be outright scams due to the heavy centralization in the project. However, a new P2E NFT gaming project MoneyTree has taken a different approach.

Many projects have a high degree of centralization, which creates a single point of failure while also lowering investor confidence in the security and immutability of assets and NFTs. In the case of NFTs, they are frequently stored on a centralised server or cloud service, which goes against the blockchain principle and allows developers to move and edit the assets as they see fit. Many projects are attempting to enter the Metaverse and P2E race with empty promises, limited functionality at launch, and unfulfilled roadmaps.

Money Tree has taken a fully decentralized approach where all the processes happen entirely on-chain with no external inputs or APIs. Being built on top of the Binance Smart Chain helps in scaling the ecosystem while it also reduces the overall complexity of the games that can be developed. The Money Tree platform includes a number of luck-based GameFi mini-games, as well as 1 million NFTs and DeFi systems, all of which are built into the smart contract and available right away. Money Tree uses Chainlink VRF to achieve true randomness on the blockchain. This allows users to operate on the platform without fear of tampering because all results are tamper-proof and recorded on the blockchain.

The 1 Million NFT Collection

The 1 million deflationary NFTs generated at random are all unique and use over 2500 different assets. The NFTs are available in a variety of rarities, ranging from Common to Legendary. Although there are a lot of Common NFTs, there are only about 30k Legendary NFTs. The better the Attack, Health, and Magic stats are, the rarer the NFT; these will be used in a future game releasing in Q1. Rarer NFTs have rarer assets and colours, giving them a more distinct and special feel. The NFTs have a deflationary effect! Using the NFT upgraded dApp, two NFTs of the same rarity can be burned and upgraded to a rarer version. An NFT lottery is automatically run every week. The names of all NFT owners are entered, and a random NFT is chosen as the winner.

1 million NFTs, hosted on IPFS and pinned with Pinata. There are 5 rarities, 2 NFTs can be burned and combined into one random NFT of a higher rarity. NFTs can be purchased through the built in marketplace or through purchasing a random loot box, 90% of the $MONEY from NFT purchases are sent to a dividends wallet and the remaining 10% is burned. Every transaction incurs a 5% tax: 2% goes into LP, 2% goes into the lottery as BNB, 1% goes to marketing as BNB.

Money Tree entered the Metaverse and P2E blockchain revolutions one month ago, with a large collection of GameFi & DeFI functionality available to investors and players alike from the start. Visit the Money Tree website or join the Telegram community to learn more.

What Separates MoneyTree From Other P2E Projects?

MoneyTree is a robust P2E NFT gaming ecosystem with in-game tokens for players. While most of the other projects out there are still trying to figure out the best of two worlds, MoneyTree is not just offering one game for everyone to play, rather a series of games that would keep all types of traders engaged while winning the rare NFTs and in-game tokens.

A weekly BUSD lottery is available to holders of the $MONEY token. The jackpot grows over the course of the week and is equal to 2% of the total volume. The lottery pays out in BUSD, so the price of the token is unaffected. Every week, all holders are automatically entered for free. The higher the number of $MONEY tokens in a wallet, the better the chances of winning. The entire system is decentralised, and the four weekly lotteries have collectively paid out more than $100,000.

The $MONEY token serves as the platform’s underlying currency, and it can be used to play all of the available mini-games. These mini-games are all based on luck and are statistically fair, which means there is no house edge and players keep 100% of their winnings. Many of the games can be compared to a decentralised casino; for example, the game Gridlock is similar to Roulette but without the zero. This means that players can play hundreds of games and their tokens will stay the same on average. Because all of the processes are built on the blockchain, users can interact with the Money Tree platform via dApps on the website or directly on BSCScan if they prefer.

Money Tree and Coinmarketcap.com recently ran a series of promotions in which users could redeem Coinmarketcap Diamonds for a chance to win Money Tree NFTs and $MONEY tokens. Both events drew a huge crowd, with all Money Tree mystery boxes selling out in a matter of seconds. Money Tree allows users to buy their own loot boxes using either BNB or $MONEY tokens directly from the website. These loot boxes ensure an NFT of Uncommon to Legendary rarity. The Money Tree team have also recently locked the developer wallet until 2024.

To learn more about MoneyTree visit Moneytreecoin.io

Twitter: https://twitter.com/moneytreecoin
Telegram: https://t.me/moneytreecoin
Docs: https://en-guide.moneytreecoin.io/