Brian Kelly: ICOs Here to Stay 5010

In a recent interview with Cointelegraph, Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, said that Initial Coin Offerings (ICOs) are around to stay, but with some changes. Kelly, who is also a crypto analyst and regular contributor to CNBC, sat down with Cointelegraph to discuss various aspects of the crypto industry. Kelly stated that he sees blockchain and cryptocurrencies as “early stage technology,” saying as example that Amazon founder Jeff Bezos probably could not imagine his online bookstore turning into a major video streaming platform. He added:

“We have a new technology that disintermediates a lot of industries. That’s important, and that’s going to be something that’s here for the rest of my career at least and likely a lot longer than that.”

Speaking on whether ICOs as a form of fundraising will end soon, Kelly suggested that “it will stay, but with a little change.” He said that ICOs proved to be an effective tool for funding projects using cryptocurrencies and blockchain technology. However, he added that “the days of a whitepaper and a dream and $30 million are probably over.”

Kelly said that when choosing which digital currencies to invest in, there is a combination of positive indicators, such as activities that will increase the network, as well as catalysts like conferences or potential software updates.

Last month, Thomas Zeeb, CEO of securities services at Switzerland’s top stock exchange SIX, also said that ICOs are “here to stay.” Zeeb predicted that mass adoption would come in around five years.

The ICO market has seen positive growth this year, more than doubling since 2017, according to ICORating’s ICO market report for the the second quarter of 2018. Per the report, in Q2 2018, 827 projects raised over $8 billion in funding, compared to $3.3 billion in Q1 2018, representing a 151 percent increase. The report notes a “continued decline in the number of retail investors,” while institutional capital in ICO markets has increased.

Mr. Kelly will be speaking at the Crypto Finance Conference at the Ritz-Carlton in Half Moon Bay, CA, which runs from September 5-7.

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Paysenger: How to communicate with the stars? 5291

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Paysenger is a universal solution for paid communication. The service helps you to communicate directly with experts, celebrities and owners of unique knowledge. Paysenger allows opinion leaders to monetize their attention in a new way, while investors are offered to invest in a token named EGO.

The EGO token is an internal medium of exchange used by Paysenger. The users will have opportunities to use fiat money and other payment options but we will encourage them to prefer the EGO token. In other words, EGO is a part of the Paysenger ecosystem; it was created not for fun (as many other) but for a special purpose and therefore has high growth potential.

The last few months have been very productive for the Paysenger team. We managed to take part in several crypto conferences, organize a contest for our partners, and pay out over $250,000 in rewards. But the most important thing is that the price of the EGO token, which is the internal payment tool of our project, is increasing. That means that we are moving in the right direction.

But first things first.

Our Advisors

Even though the Paysenger team is made up of true professionals, we realize that in today’s competitive times we can’t get by without the help of outside specialists who are experts in their fields.

It’s been said and done. We searched for a long time and found some well-known experts in the cryptocurrency industry who came to help our project. Thanks to them, we were able to make the necessary adjustments and determine the further vector of development. Here they are:

  • Timo Trippler — a well-known ICO advisor, CEO, investment and risk manager from Germany. With over 12 years of experience in various financial roles, he managed to advise many successful ICO projects. We invited Timo Trippler to participate in the development of our project because we were confident that his years of experience with blockchain technology would prove useful. He joined the Paysenger team and provided invaluable support.
  • Reuben Godfrey — odious cryptocurrency expert who got interested in bitcoin when it was still worth a few dollars. Reuben describes himself as “a long-time observer and supporter of BTC”. He is a big believer in the bright future of cryptocurrencies. Due to his successes and failures, Reuben’s opinion is extremely useful for any cryptocurrency startup.
  • Ismail Malik — a prominent tech advisor who has participated in 29 ICOs and helped to raise over $200 million. Ismail has more than 20 years of experience in technical support for startups. Rise.Global ranks Ismail Malik as one of the top 100 most influential blockchain experts. Our project was honored to receive valuable development guidance from a guru like Ismail Mailk.

EGO’s Giveaway Challenge (Gleam Contest)

The bearded EGO Claus brought good news to anyone interested in cryptocurrency projects that create real value.

We organized a large-scale distribution of EGO tokens with a total value of $150 thousand.

Thousands of users from all over the world took part in EGO’s giveaway and earned nice bonuses.

What did we get in return? Massive social media publicity. Hundreds of thousands, maybe even millions of new Internet users heard about Paysenger. Thousands of links and discussions about our project appeared on Twitter, Facebook, and other social networks. Each participant promoted Paysenger through reposts, likes, posts, and other social media activities.

The first-place winner received 100,000 EGO ($7,500). We planned to pay a financial reward to 500 participants, but couldn’t stop. Random 2000 winners each received 500 EGO!

We do not calculate whether the $100,000 we spent paid off because we do not consider it a direct investment in advertising. Rather, it is a way to thank those who believe in the project and support it with their attention.

EGO Bounty Program

Inspired by the responsiveness of the users who participated in the EGO’s Giveaway Challenge, we are continuing the EGO Bounty Program.

In this case, users can’t just get tokens, they have to earn them. But it’s not hard and is available to everyone, even complete beginners.

So, the first stage of the Bounty Program has started recently, with 1,200,000 EGO tokens (about $75,000) allocated to it. In order to get free EGO tokens, participants have to complete a task (one or several), such as placing a Paysenger signature on their personal website or making a post on Instagram, Twitter, or Facebook.

We have taken some steps to prevent users from creating multi-accounts in order to receive multiple payouts. What are the results? Thousands of social media posts, articles on Medium, tweets on Twitter, images, and posts on Instagram.

In short, our bounty program has been incredibly effective. One of the reasons for this is that users understand that the EGO token is not just another coin that is secured only by faith in it, but a financial tool that performs a useful function, namely providing fast and secure payments in the Paysenger network.

World Blockchain Summit

On March 23-24, 2022, one of the most famous conferences called the World Blockchain Summit will be held in Dubai.

Thousands of investors, traders, CEOs, and other cryptocurrency enthusiasts will attend this event to interact with leading crypto and blockchain projects, meet global crypto and blockchain influencers and learn from pioneers.

Paysenger will not only participate in the World Blockchain Summit but will be its sponsor. This way, thousands of well-known and influential cryptocurrency industry experts will learn about our project.

World Blockchain Summit is designed to connect global blockchain experts and technology players including IT leaders, government authorities, and blockchain developers. We are both proud and excited to be among the participants and sponsors of such an event.

Crypto Expo Dubai

Dubai, like a magnet, attracts a huge number of famous personalities in different spheres.

Crypto Expo Dubai 2022 is a premier cryptocurrency event that will take place March 16-17, 2022 at the Festival Arena.

Igneus Terrenus, Bill Spata, and other famous speakers will bring together a huge range of industry leaders including CEOs, tech advisors, financial gurus to network and explore new business opportunities in the fast-developing crypto space.

Paysenger has already confirmed its participation in Crypto Expo Dubai.  We are proud to participate in such well-known and authoritative conferences.

Future Plans

While Paysenger marketers are busy promoting the service and increasing our brand awareness, the developers are actively working on the technical part.

The team’s near-term goal is the release of the Paysenger mobile app. The web version of the platform is already available. Various experts ready to share useful content are actively creating their profiles to monetize their influence through prepaid chat, live streams, or video calls. With the release of the mobile app scheduled for March, Paysenger will become even more accessible and easier to use.

EGO Price Dynamics

Numbers don’t lie:

  • $0.01 — EGO token price at the seed round.
  • $0.025 — EGO token price at the first private sale.
  • $0.05 — EGO token price at  Public Presale (on Tokensoft platform). Initially, it was announced $0.035 per EGO unit, but the volume of investments attracted into the project allowed to correct EGO tokenomics and increase the token price.
  • $0.075 EGO token price at IDO. The EGO token is scheduled to launch on the exchange in Q3 2022.

About Paysenger

Paysenger — is a service that monetizes communication. Paysenger creates a new way of communication in a world with the fastest growing relations and unchanged attention span.

Now you can attract attention to your message or call by paying for the recipient’s attention with a fiat or EGO token. It is getting much easier with Paysenger to contact a media person or get expert advice. A received media content can be converted into NFT (Non-fungible token). It can be saved or sold on the internal marketplace for EGO. Our goal is to transform the blockchain by making the technology easier to a large audience.

You can request communication with a favorite person by choosing a preferable format. Whether it is a chat, a conference, or just a video greeting. All these you can get on Paysenger.

Join the EGO Token ecosystem! To buy EGO tokens on Tokensoft click here https://bit.ly/3IOFPPC

Follow us on social media!

Telegram | Twitter | Instagram | Instagram (RUS) | Discord | Facebook

Best regards,
Paysenger Team.

RFOX Launches New RFOX NFTs Platform, Invites Artists to the RFOX VALT Grants Program 5523

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The new beta version of the RFOX NFTs platform provides artists, creators, and businesses with a one-stop platform for their NFT creation needs. To further support artists, RFOX is inviting them to join the RFOX VALT Grants Program and benefit from up to $10,000 USD in funding for the creation of artworks to be offered in the RFOX VALT metaverse.

3rd Feb 2022 – Ho Chi Minh City, Vietnam – Metaverse company RFOX today announced the public launch of the RFOX NFTs platform, empowering artists, creators, and businesses to simply create NFTs without worrying about the technical complications involved. RFOX NFTs, which recently started its beta launch, is a one-stop platform built with the essential features needed to create, organize, and sell NFTs in an easy and convenient manner.

As a key part of the RFOX ecosystem of metaverse-related products and services, RFOX NFTs offers an end-to-end white-label creation, website, marketplace, and shared liquidity pool platform. Through the RFOX NFTs platform, RFOX bridges the gap between technical competency and market opportunity for NFT creators.

RFOX NFTs

The RFOX NFTs platform features a dashboard with tools for making new NFT projects, deploying smart contracts for NFT creation, importing existing NFT collections, customizing NFT sale widgets, and building custom-made NFT marketplaces, with more features to come soon.

Furthermore, RFOX NFTs opens more opportunities for creators to build their own NFT projects and marketplaces. This addresses some sought-after features in the NFT industry and encourages the spread of more avenues for creation, promotion, price discovery, and distribution of NFTs amid constantly increasing demand for such services.

NFTs, short for non-fungible tokens, recently emerged as a main growth driver for the cryptocurrency and blockchain industry. About $41 billion worth of cryptocurrency was spent on NFT marketplaces and collections in 2021, a 410x rise from just $100 million in 2020. Given the global popularity of NFTs, creators and companies from different industries are proactively exploring opportunities to get in on the NFT action.

The beta launch of RFOX NFTs builds upon the accomplishment of several key milestones for RFOX’s NFT venture last year. RFOX NFTs powered the launch of the A$AP NAST x Reebok Zig Kinetica II Edge NFT collection and the Miss Universe Philippines NFT Collection, as well as the offering of virtual land in the RFOX VALT metaverse. With a proven track record of working with major partners such as Reebok, Miss Universe Philippines, and VOID Cyber, RFOX NFTs further expands its reach to more creators through this newly-launched platform.

Ben Fairbank, Co-Founder and CEO of RFOX, said: “We are proud to introduce the first major product launch of 2022 for RFOX: the RFOX NFT platform. This beta launch will showcase the world-class NFT solutions we provided to Reebok, Miss Universe Philippines, and VOID Cyber, to more artists and companies worldwide. We believe that NFTs will continue to grow in market capitalization and global presence, and at RFOX, we’re at the forefront of driving further growth for the industry. We invite artists, creators, and businesses to join us in spearheading the future of NFTs.”

The RFOX NFTs platform will be available in beta access in early February, followed by a full launch soon. NFT creators will be able to access the platform through their RFOX IDs. Interested parties can register on the RFOX NFTs website to gain beta access to the platform.

RFOX VALT Grants Program

Alongside its recent beta launch of RFOX NFTs, RFOX has also extended an invitation to creators around the world to join the RFOX VALT Grants Program, which gives qualified creators up to $10,000 to jumpstart their NFT projects.

This grant program provides funding support to promising NFT creators and artists who want to enter the metaverse and launch their art collections on our very own NFT platform in the RFOX VALT metaverse. With the conclusion of virtual land sales for two quarters in the RFOX VALT last year, the RFOX VALT metaverse Is quickly taking shape, and it opens significant opportunities for artists around the world to leverage the metaverse for their creation and distribution of game-changing NFTs.

Aside from funding support worth up to $10,000, the RFOX VALT Grants Program also gives creators access to technical support from the RFOX VALT team, which will guide artists in every step needed to feature their artworks in the metaverse, as well as global promotions of these NFTs to RFOX’s thriving community and the general public.

Sign up now on this website to apply for the RFOX VALT Grants Program and follow us on these social media platforms for RFOX NFTs:

Twitter
Instagram
Facebook

THE INX DIGITAL COMPANY, INC. ANNOUNCES COMPLETION OF REVERSE TAKEOVER 4969

The INX Digital Company, Inc. (the “Resulting Issuer” or the “Company”) (formerly Valdy Investments Ltd. (“Valdy”)) is pleased to announce the closing of its previously announced reverse takeover transaction (the “Transaction”).

Pursuant to the terms of an amended and restated securities exchange agreement dated November 3, 2021 (the “Securities Exchange Agreement”), Valdy acquired all of the issued and outstanding shares of INX Limited (“INX”). Following the completion of the Transaction, INX became a wholly-owned subsidiary of the Company and Valdy changed its name to that of the Resulting Issuer.

Prior to completion of the Transaction, the common shares of Valdy (the “Valdy Shares”) were consolidated on the basis of 2.7266667 pre-consolidation Valdy Shares for one-post consolidation Valdy Share.

In connection with the Transaction, on April 1, 2021, INX completed a subscription receipt financing led by PI Financial Corp. and Eight Capital for aggregate gross proceeds of C$39,600,000 (the “Financing”). Pursuant to the terms of the Financing, the escrow release conditions for the Financing have been satisfied and each subscription receipt has been converted into one common share of the Resulting Issuer (each, a “Resulting Issuer Share”) and one-half of one common share purchase warrant of INX (each whole warrant, an “INX Financing Warrant”) and the net proceeds from the Financing have been released from escrow. Each INX Financing Warrant is exercisable into one additional Resulting Issuer Share until [January 10, 2024] at an exercise price of $1.88 per Resulting Issuer Share.

The Company received conditional approval from the Neo Exchange Inc. (the “NEO Exchange”) on December 31, 2021 to list the Resulting Issuer Shares following the completion of the Transaction and the fulfillment of certain listing conditions. It is anticipated that the Resulting Issuer Shares will commence trading on the NEO Exchange under the ticker symbol “INXD”, following the issuance of the NEO Exchange’s final approval and listing bulletin.

Additional information with respect to the Transaction and the Resulting Issuer will be provided in the Resulting Issuer’s listing statement, which will be filed on the Resulting Issuer’s SEDAR profile at www.SEDAR.com prior to the commencement of trading of the Resulting Issuers Shares on the NEO Exchange.

Reltime ‘RTC’ list its unique PoA Protocol and Decentralized Ecosystem 5584

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Oslo, Norway / Reltime’s Proof of Authority Blockchain along with its decentralized banking ecosystem will launch in the 2nd quarter of 2022. Reltime has announced it will be the first blockchain company to bring borderless joint accounts and peer to peer loans to its end-users.

Currently, Reltime is listed on Bitmart and CoinTiger. Reltime is also on track to conduct two more IEOs in the near future: one at P2PB2B, and the other at IndoEx, both with the ticker RTC.

Reltime was founded by a team in Norway, El Salvador, Canada, and India. Reltime started out as a project at King’s College London in 2018. Built on trust, performance, and security, the Reltime DeFi (Decentralised Finance) Ecosystem is owned, backed, and supported by the world’s leading financial partners, such as TAG Systems and FSS Tech.

Reltime Ecosystem

Reltime envisions building a permissioned blockchain with its own decentralised banking ecosystem. Reltime will empower anyone with an Internet connection to engage in advanced financial activities such as peer-to-peer (P2P) borrowing and lending, currency exchange, and domestic and international transfers—all with no fees. The initial launch is scheduled to take place in Brazil, Europe, India, Japan, and Mexico by the 2Q of 2022. Reltime expects to have a global reach for its services by the 4Q ofthe same year; its goal is to do the IPO during the 1Q of 2023.

With its decentralised infrastructure for borderless payment processing, Reltime aims to become a leading full-service digital finance platform with its own stable currency, making SWIFT/IBAN unnecessary for fiat transfers.

The Proof-of-Authority protocol

Reltime is also developing a sophisticated, proof-of-authority (PoA) protocol to deliver payments, instant settlement, and free transactions globally between users based on identity. Reltime’s goal is to reconstruct the banking system as a de facto decentralised platform that is automatic and compliant with regulations. A subsidiary is being established in El Salvador as well (operational in January 2022).

Reltime aims to redefine the state-of-the-art blockchain technology used in tenant and microtransactions and to bridge the traditional financial market and cryptocurrency market using its platform. Today, people are one step closer to complete independence from banking systems. Anyone can build a DLT based service from the Reltime Open API.

Reltime offers Plethora of Services

Reltime projects include mobile applications, free P2P transfer, joint account, lender and borrower interface, where the Lender can customize a loan offer and establish a smart contract to any borrower in the phone contact list. It also includes Marketplace for Borrower with Collateral, a micro-Swap exchange, and DEFI Sandbox, in the end, a comprehensive banking platform controlled by the end-users. Users can review the introduction here, where Reltime also presents the MVP of the service:

Reltime aims to bridge the traditional financial market and the cryptocurrency market using their platform. By doing this, Reltime aims to be a leading DeFi product in driving mass adoption of blockchain technology and accelerating the growth of DeFi. Problems associated with DeFi have been about the complexity of the current DeFi products and the need to be tech-savvy to understand the DeFi landscape fully. Reltime plans to ease the barrier of entry into DeFi and has worked on the project for several years.

Reltime has partnered with several key players in the industry to fulfill the full scope of the deliverable to the users. From License/BIN/EMI, Checkout, Deposit, Biometric Card, and Development. The Reltime team has raised money to fulfill the project, both from the founders and partners. The aim of listing at the exchange is to bring Reltime’s services to the global market and the users in the crypto market. At the same time, all Token holders will be invited to the PreIPO in the 4Q of 2022.

The ecosystem will be open for anyone, both from the financial industry, developers, and distributions. DEFI and Financial systems are all about mathematical calculations. Reltime sees massive potential in the listings, to attract investors and most importantly: find global partners that can bring the Ecosystem of Reltime to the mass market. “We really look forward to the future, informed the CEO Frode van der Laak.”

To learn more about Reltime visit Reltime.com
Twitter: https://twitter.com/Reltimedefi
Telegram: https://t.me/reltimedefi
Linkedin: https://www.linkedin.com/company/reltimedefi

Source: Reltime AS

O-MEE The Web3.0 Social Subscription and NFT marketplace announces strategic partnership with blockchain branding partners Noir 5496

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O-MEE aims to reinvent the future for creators by providing a Web3.0 NFT network that drives sociability and creativity for artists, designers, influencers and content producers who can upload, create, share and sell their artwork all in one place.

5th January 2022 – London, UK – O-MEE has announced its partnership with Noir. Noir is a blockchain brand agency that builds world changing Web3 & DeFi brands of the future. Technology is undergoing a paradigm shift, change is the key ingredient for growth, innovation and a better future. Noir helps complex protocols and projects articulate their mission to the world, create an emotional connection between users, products and partners and build community and trust into companies.

Noir has worked alongside many ambitious Web3 & DeFi founders providing advisory, brand building, investment and marketing services.

Anthony Logan, CEO of Noir:

“We are excited to be working alongside O-MEE and their fantastic team creating a Social & NFT marketplace to redefine how creators build social and economic value in Web 3.0. We believe O-MEE gives creators the opportunity to emotionally connect with their fans and create meaningful value from their work. We are looking forward to supporting O-MEE investing, creating and building their brand as well as providing social and strategic marketing support.”

Jared Walker, CEO of O-MEE:

“It is with great pleasure to announce our strategic partnership with Noir Agency, one of the leading brand innovation agencies within the blockchain industry. It was extremely important for us to create a brand vision and identity that provides a strong and meaningful message that connects our project to our community, users and audience. Their individualistic approach to branding challenges the traditional and everyday design paradigm that truly makes O-MEE a trustworthy and memorable project. We want to thank Anthony, Jamie and their unbelievable team for their efforts and we look forward to our long-lasting partnership.”

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What is O-MEE?

O-MEE aims to reinvent the future for creators by providing a Web3.0 NFT network that drives sociability and creativity for artists, designers, influencers and content producers who can upload, create, share and sell their artwork all in one place. Through API connectors, creators are able to connect mainstream social media accounts from the likes of Instagram, Youtube and Tiktok to republish their existing artwork, videos, photography and media to their profile showcasing their content to the O-MEE community where it is displayed for their followers to like, interact and share. In addition, creators are able to create and mint both new and republished artwork allowing them to sell and monetize their artwork on the O-MEE NFT marketplace.

The NFT community provides the foundation to create, support and innovate individualistic and artistic independence and O-MEE’s underlying vision aims to provide a platform that interconnects their social and NFT experiences.

In addition, the O-MEE subscription feature allows creators to monetize specific content through flexible pricing plans, providing their followers unrestricted access to their profile and exclusive NFTs. We encourage creators and artist to generate more followers, more likes, more engagements, more subscribers and more revenue. O-MEE recognises how hard creators work to produce exclusive content, and we want to reward them. O-MEE offers a zero commission on all revenue generated through their subscription model.

O-MEE Platform Features: 

  1. NFT Marketplace: Explore, discover, collect, bid, buy, sell and mint exclusive NFTs and digital artwork. 
  2. Subscription Model: Subscribe to your favourite creators and gain exclusive and unrestricted access to their profile and NFTs with a zero percent commission rate on all revenue generated. 
  3. Sociability: Interact, engage, message, share, like, promote and connect with creators and the community.
  4. Create and Republish Media: Experiment, innovate and create pictures and videos for your followers. Integrated API connectors allow users to republish and mint existing pictures and videos from mainstream media sharing apps such as Instagram, YouTube and TikTok. 
  5. DeFi: Staking membership programme and farming partnerships gives users and token holders the ability to earn
  6. Ownership: Users own 100% of their content. No middlemen. No third party fees. No censorship. 
  7. No Oppressive Algorithms: Be in control of your content feed through their filter tool. You decide what you see.

O-MEE urges artist and creators to take back control of their future

We’re living in an experimental new world. From the metaverse to NFT’s. Everything’s in flux and everything’s new. But, web 2.0 hasn’t kept up. We’re still giving away art for hearts and likes. It’s time to reinvent. Unfriend social feeds. Unlike shady algorithms. Unfollow ads. We’re giving you your independence and equity back. So you can experiment, compose and innovate. Create meaningful value from your work. Connect with your fans. And subscribe to your favourite creators’ journey. We call it O-MEE. A social subscription and NFT Marketplace for Web3.0. Break conventions. Forge a new path. And challenge what art can be. O-MEE, reinvent your future.

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More information here: 
Website: https://o-mee.io
Twitter: https://twitter.com/omeeio
Telegram: https://t.me/omeeio

Hxro Network Announces $34M Strategic Round Co-Led by SIG DT, Jump Crypto and Blockchain Capital 6959

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.