By building its ecosystem, which allows individuals to contribute to a better tomorrow while also earning rewards, Chimpzee is proving that profitability and purpose can coexist. 

Environmental Concerns: Why the Planet Needs Saving

The planet needs our immediate attention. Here’s why: 

1. Deforestation: Every year, the world loses roughly 10 million hectares of forest cover, equivalent to Iceland’s size. Forests provide habitat for countless species, and they are vital to offset our carbon emissions. 
2. Rising Temperatures: Global temperatures have already increased to 1.1C since pre-industrial times, and if things do not change, they will rise to a critical threshold of 1.5C by 2030. This will exacerbate extreme weather events like sea-level rise, heat waves, and biodiversity loss. 

Therefore, it is vital for technology to help solve climate challenges in every way possible. 

What is Chimpzee?

Chimpzee offers a revolutionary new way for people to earn income while helping save the environment. It achieves this by creating tools and incentives for users that empower them to make a meaningful difference while also benefiting financially.

In addition, Chimpzee is a multi-chain token that is available on both Ethereum and Solana chains, empowering it to deploy the unprecedented power of Web3 and blockchain technology that helps create a vibrant ecosystem. 

$CHMPZ is Chimpzee’s native token, built on the Ethereum chain. It can be traded on various centralized crypto exchanges.

Chimpzee’s Partnership with The Giving Block

To further align with its mission of green philanthropy, Chimpzee has partnered with The Giving Block, a renowned crypto funding platform. The partnership allows Chimpzee to create a new donation portal that helps users contribute directly to different organizations that are also on a mission to save our planet. 

The initiative addresses key challenges by ensuring transparency and accountability in donations. Using blockchain technology, Chimpzee can ensure that every contribution is traceable, giving donors much-needed confidence and peace of mind regarding where their money is making an impact. 

Ways to Earn Money with Chimpzee

The purpose of Chimpzee is not just to save the world but also to create new opportunities for its communities so they are able to thrive financially. 

Here are three different distinct ways through which you can earn money with Chimpzee: 

1. NFT Passports

Chimpzee offers utility-based NFT passports that act as a gateway to its ecosystem. There are 4 different NFT passports, including Diamond, Gold, Silver, and Bronze. These are limited edition NFTs that come with unique benefits, including: 

• Access to exclusive rewards and staking opportunities. 
• Offer higher earning potential in the ecosystem. 
• Gain an opportunity to win amazing prizes, including up to $10,000. 

As the NFT Passports are scarce, this makes them a valuable asset that has the potential to increase in value due to their increased demand given how effectively the ecosystem grows. 

2. Earn Features

Chimpzee has 3 ways to earn money through a gamified platform that allows users to earn $CHMPZ tokens. These include: 

• Shop to Earn: The Chimpzee shop offers a range of unique merchandise for sale and earns a passive income in the form of $CHMPZ coins. 
• Play to Earn: Users can earn money by playing Chimpzee Zero Tolerance Game. Users who hold NFT passports gain additional advantages within the game. 
• Trade to Earn: Chimpzee NFT Marketplace will be the first ever of its kind to share a portion of trading fees with its users. The main page offers only environment-focused NFTs. The marketplace will also have a mechanism to ensure Chimpzee NFT art is not plagiarised. 

3. Staking and Passive Income

Users can also earn money by staking $CHMPZ tokens or NFTs. Chimpzee offers an Annual Percentage Yield (APY) of up to 40% for holding the tokens, and the mechanism’s purpose is to grow the holdings with time.

Staking is ideal for early adopters as users gain a significant advantage due to the high rewards offered in the initial phases of the project. This brings an excellent opportunity for investors who are looking for long-term growth. 

Advantages of Joining Chimpzee Ecosystem Earlier

By getting early in the Chimpzee project, users get to experience a lot of advantages, such as: 

• Access to Exciting Opportunities: Early adopters secure NFT passports at a much lower cost and benefit from higher staking rewards. 
• $CHMPZ Token: Chimpzee plans to list the $CHMPZ token on major exchanges, which will attract more trading capital and investor attention. This makes $CHMPZ poised for future growth, and users who join now can capitalize on its potential before demand surges. 
• Contribution to A Better Tomorrow: Lastly, early adopters know they are not just investors rather they are pioneers on a mission to prove to the world how Web3 is a force of good and has a much higher purpose. 

How Chimpzee is a Different Green Token

By combining innovative features, Chimpzee is well on its way to becoming one of the leading green tokens. 

Here is what helps Chimpzee set itself apart from other green tokens: 

1. Transparency 

By making donations transparent through forming a partnership with The Giving Block, Chimpzee ensures every donation is traceable. This gives users the chance to support their favorite causes confidently and know where their hard-earned money was spent. 

2. Gamification 

As Chimpzee incentivizes participation through rewards, it helps turn its environmental action into a more engaging and financially rewarding experience for users. 

3. Scarcity 

The unique limited nature of NFT passports guarantees long-term value for early adopters. The same is true about $CHMPZ tokens. 

Conclusion: Join the Chimpzee Army Today

In conclusion, what helps set Chimpzee apart from others is that it is not just a project but rather a call to action for anyone who believes in using technology to create a better world for future generations. By becoming a part of the Chimpzee Army, you not only gain financially but also contribute to saving the planet and protecting wildlife. 

You can take action now by doing the following: 

• Secure your NFT Passport and unlock exclusive rewards. 
• Become an early adopter of the ecosystem before it goes live on major exchanges. 

Visit Chimpzee today to learn more and start your journey to save the planet! 

Links:

Website | X | Instagram | Telegram

The post Help Save the Planet and Benefit at the Same Time With Chimpzee appeared first on BeInCrypto.

What is CoinEx?

CoinEx is a Hong Kong-based crypto exchange with over 700 coins and 1,124 trading pairs. It was founded in 2017 by Haipo Yang, an early Bitcoin investor. CoinEx is a part of the ViaBTC group, a renowned entity behind OneSwap DEX, and CoinEx Smart Chain (CSC), among several others. 

While CoinEx is not ranked in the top list of crypto exchanges, it is still viewed favorably within the crypto community. Part of the reason is that CoinEx is the first exchange to release proof-of-reserves, ultimately championing transparency over everything else. It also offers an attractive flat trading fee, which can be as low as 0.16% if paid with $CET. 

Another factor that helps CoinEx to stand out from others is its growing regulatory compliance with multiple governments around the globe, which makes it ideal for seasoned traders. 

CoinEx’s success lies within its unique structure, which comprises three public chains: the DEX Chain, Smart Chain, and Privacy Chain. These chains focus on decentralized trading, smart contract deployment, and privacy protection, ultimately helping to create an enhanced decentralized public chain ecosystem. 

What is CoinEx $CET Token?

CoinEx Token or $CET plays a multifaceted role in CoinEx’s entire ecosystem. As a native token, its utility ranges from obtaining discounts on trading fees to purchasing value-added services on CoinEx. 

$CET is also used to pay for the transaction or trading fees on the CoinEx Chain. At the time of the writing, the price of $CET is $0.08713 with a market cap of $871,351,766 and a circulating supply of 2.9 billion tokens. However, $CET is only listed on CoinEx and only allows you to trade it in three pairs: CET/USDT, CET/BTC, and CET/USDC. 

To receive updates about $CET, you can follow CoinEx on X (formerly Twitter) and Telegram. 

Utility of CoinEx Token $CET

$CET helps support CoinEx’s decentralized exchange (DEX). $CET holders can initiate and vote on proposals, helping to ensure the entire ecosystem remains democratic. This process has a direct influence on CoinEx’s future development and direction.

Furthermore, $CET holders have the opportunity to engage in staking activities, which allows users to further embed themselves in the ecosystem’s growth and security. The staking mechanism is designed to not only incentivize holding $CET but also support the network’s overall health and stability. 

Lastly, the utility of $CET extends to decentralized applications (dApps), DeFi platforms, non-fungible tokens (NFTs), and multiple other decentralized apps that operate on the CoinEx ecosystem. 

This makes $CET a versatile asset that helps to facilitate a wide range of transactions and interactions. 

CoinEx Token’s Security Mechanism

CoinEx Token is completely secure from both outside and inside manipulation. It incorporates a multifaceted approach that includes technological and community-driven approaches. This approach ensures the high-grade safety and integrity of $CET. 

On the foundation layer of $CET’s security lies its integration with decentralized applications (dApps) and CoinEx Smart Chain (CSC) Academy. This allows $CET to exist in a decentralized ecosystem in which transactions and operations are not centralized, thus minimizing the risk of targeted attacks and insider manipulation. 

Another critical component of $CET’s security mechanism is staking. Through staking, the network is able to leverage collective security that is provided by users and ends up making it more resilient against attacks. 

$CET’s security is further bolstered by a proprietary cold storage system, offline private keys, and multi-signature protocols. These measures help ensure that the bulk of assets are kept within a highly secure environment, which significantly reduces the risk of unauthorized access. 

Lastly, CoinEx also utilizes real-time monitoring and strict whitelisting procedures, which help to detect and prevent suspicious activities in a timely manner. 

Comparison of CoinEx Token

Conclusion

While every token exhibits great potential through its unique strengths, CoinEx Token $CET stands out from others, particularly due to its approach as more secure and robust. 

$CET is a versatile and adaptable token that supports reduced trading fees, staking rewards, governance and participation, and the functionality of various applications within the CoinEx Chain ecosystem. 

Its design and utility help to reflect CoinEx’s commitment to creating a platform that is a comprehensive and decentralized trading system that will only be governed by its community.

As $CET is secured using both technological and community-driven approaches, this further reflects CoinEx’s tech-progressive approach. This approach has proven to provide an extra-protective layer at a time when the number of cyber attacks is growing daily.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and futures trading, margin trading, swap, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions. 

Since its establishment, CoinEx has steadfastly adhered to a “user-first” service principle. With the sincere intention of nurturing an equitable, respectful, and secure crypto trading environment, CoinEx enables individuals with varying levels of experience to effortlessly access the world of cryptocurrency by offering easy-to-use products.

To learn more about CoinEx, visit:

Website | Twitter | Telegram | LinkedIn | Facebook | Instagram | YouTube

The post Exploring $CET: CoinEx’s Multi-functional Token For Traders And Developers appeared first on BeInCrypto.

What is Wirex Pay?

Wirex Pay is the world’s first Decentralized Payment Network (DPN), uniquely merging traditional and decentralized finance. 

Wirex Pay is incubated by Wirex, a prominent UK-based award-winning digital payments platform with over 6 million customers in almost 130 countries. Allowing Wirex Pay to become a pioneering modular payment chain that is further powered by Polygon’s advanced Zero Knowledge (ZK) technology. 

The Polygon ZK network is known for its unparalleled transaction efficiency and security. This gives Wirex Pay the ability to integrate traditional finance seamlessly with blockchain. Because of this, users can make instant and secure payments using a wide range of cryptocurrencies while also maintaining full control over their assets. 

By utilizing Polygon’s super-efficient technology, Wirex Pay offers completely gasless transactions, ensuring there are no hidden fees. This gives users a straightforward on-chain payments network with full control!

Wirex Pay goes beyond just a payment network. It offers a new way of using and managing digital assets by focusing on user empowerment, security, trust, and decentralization. Regardless of who you are, the Wirex Pay tools are designed and developed to benefit everyone, whether you’re a casual user or a DeFi enthusiast. 

Blockchain Nodes and How Do They Function?

One of the key features that make Blockchain technology unique and secure from other technologies is the use of Nodes. 

Nodes operate as network stakeholders because the devices on which they operate have permission to keep track of the Ledger. The Ledger is the place where all the important information about the network is kept and is publicly available to anyone. 

Therefore, the primary job of a blockchain node is to confirm the legality of every transaction recorded on the ledger. This helps ensure the network operates independently in the absence of a centralized authority. Since nodes are placed in a distributed network, there is no fear of a hack or a network downturn. 

Without nodes, the blockchain network will simply not be able to run securely and smoothly.  

Highlighting the significance of Wirex Pay’s approach, Pavel Matveev, Co-founder of Wirex, said:

“At Wirex Pay, our mission goes beyond just offering a payment platform; we’re pioneering a new era in financial technology. Our nodes are central to this vision, enhancing the efficiency and security of Wirex Pay and setting a new standard for what’s possible in the digital finance space. By making nodes a core part of our system, we’re not only leading the way in innovation but also delivering real, tangible benefits to our users and community.”

What are Wirex Pay Nodes?

Considering the importance of Nodes, Wirex Pay brings an innovative approach for its users which allows them to become active members of the network. By utilizing this approach, the Wirex Pay network remains entirely decentralized, with users having more control over its governance and infrastructure. 

Wirex Pay offers Node sales, which are a way of distributing “special licenses” or “tickets” to its users who want to become part of its ever-expanding network and support decentralized finance. In fact, Node sales are not just tickets or licenses; they also offer countless rewards to the users, thus being extremely lucrative and attractive for the participants.  

In return for Node sales, Wirex Pay can facilitate its much-needed early-stage fundraising, which is a win-win for both sides!

How does Wirex Pay Node Sale work?

The Wirex Pay node sale features 100,000 nodes organized in 40 tiers, with prices increasing as each tier fills. 

The node sale is designed to ensure a fair and structured way for participants to join. A tier system reduces the barrier to entry and makes the system more democratic, as it welcomes people from varying economic backgrounds.

Furthermore, the pricing tier allows early supporters to receive better pricing. This structure ensures early participation and balanced demand. 

Every node purchased is represented by a unique Node License NFT (ERC-721), which provides users with proof of ownership. Every purchased node is activated within 45 days of the post-Token Generation Event.  

Features and Benefits of Wirex Pay Nodes

The key features and benefits of Wirex Pay Nodes include:

Decentralized Infrastructure and Governance

The purpose of the Nodes is to help distribute control and operation of the network to a wider community by giving more control to users, which strengthens the network’s security. 

It also helps reduce reliance on a centralized entity and democratizes the decision-making process. In fact, Wirex Pay Nodes work similarly to a decentralized autonomous organization (DAO), as users have a dedicated platform on which to make important decisions.

Early Access and Fundraising

Users who purchase Wirex Pay nodes early on can participate in the network’s development and also have the opportunity to earn Wirex Pay rewards as the first. 

This helps Wirex Pay ensure a sustainable way to raise funds to develop the platform and attract more users. 

Network security and performance

The purpose of the nodes is to validate network transactions, maintain the blockchain ledger, and ensure the network’s security and performance; with Node sales, Wirex Pay can distribute nodes globally. This is because, as more nodes are distributed globally, the network becomes strong and less susceptible to cyber-attacks. 

It also minimizes the risk of power ending up in the hands of whales or any other entity that can manipulate decision-making. 

Benefits for Node owners 

There are several benefits for users who want to become Wirex Pay node owners. These benefits include: 

1. Earning Rewards

Node owners or operators receive 20% of the $WPAY token supply for five years and up to 40% of the transaction revenue. This gives users a continuous passive income stream and a stake in Wirex Pay’s success. The $WPAY token is an ERC-20 type token with a fixed supply of 10,000,000,000 tokens. 

2. Governance rights

Users who own Nodes are given governance rights, which allow them to vote on network decisions that will help shape Wirex Pay’s future. This approach is vital for any project that aims to remain decentralized, as giving users a democratic voice guarantees the network evolves in line with their interests. 

3. Ability to trade

As each node purchase is represented by a unique Node License NFT, users can trade or even sell them if they want to. This ensures that by purchasing a node, a user does not become bound for a lifetime but rather purchases something that offers flexibility and convenience. 

This also helps to ensure that participation is accessible and attractive to a wide range of audiences, from individual users to even institutional investors. 

4. Potential Perks and Rewards

In addition, Wirex Pay plans to announce potential perks and rewards for node owners in future phases. These perks and rewards will cover multiple areas, ensuring maximum returns, especially for the holders. 

In Conclusion

Considering the growth in digital payments and utilizing cutting-edge blockchain technology, Wirex Pay has tapped into a world with endless possibilities. It also ensures its users have the ultimate say in matters related to the future development of Wirex Pay. 

Therefore, it’s no wonder that the Wirex Pay Node Sale has generated over $20 million in total interest, with more than 11,000 wallets registered. 

You can also invest in the future of digital payments by purchasing a Node or simply using Wirex Pay for daily transactions. This will yield the benefits of a payment solution that connects crypto with traditional finance. 

If you want to learn more, you can head right to Wirex Pay’s Website or stay connected on X and Discord to hear the latest updates. 

The post Why Wirex Pay’s Gasless Payments and Nodes Are a Web3 Game-Changer appeared first on BeInCrypto.

This income model is defined as an “X-to-Earn” or “work for the reward” mechanism, which at its core, financially empowers customers. On the other hand, for companies, the X-to-Earn mechanism has been found to drive user engagement, customer loyalty, and revenue.

Play-and-Earn (P&E) extends the Play-to-Earn (P2E) model by incorporating a broader range of activities beyond just gaming. While P2E focuses on rewarding players for in-game achievements and participation, P&E includes activities such as learning, exercising, and even exploring new places. 

P&E allows for a smoother transition to projects that combine entertainment with financial incentives, creating diverse opportunities for user engagement and empowerment.

What is Play-to-Earn and X-to-Earn?

Play-to-Earn or P2E is a gaming model that utilizes the power of blockchain technology with entertainment by offering financial incentives for its players. In simple terms, the P2E mechanism allows players to be rewarded in exchange for their in-game activities. These rewards vary but they generally include digital assets, cryptocurrencies, or non-fungible tokens (NFTs). 

The P2E model was introduced first due to the success of a new gaming model powered by blockchain technology. The X-to-Earn also works on the same principles. 

In the X-to-Earn model, players are replaced with Users who, instead of winning or participating in a game battle, have to complete various tasks. These tasks vary from app to app, as some reward users when they complete a lesson, while others reward users upon completing a certain set of steps in a day. 

While rewarding consumer activity is not a new idea and has existed in some shape or form over the years, however, with the emergence of blockchain technologies, the scope has substantially increased which has boosted its potential.

List of Top 5 Blockchain-Powered Apps That Reward Users

Let’s take a closer look at the top 5 blockchain-powered applications that reward their users.

1. MetaGym

MetaGym is the first-ever Exercise-to-Earn (E2E) gym in the Metaverse, as it comes with a complete corresponding mobile application, a smartwatch app, and a token. 

In MetaGym, users have their own NFT Metaverse avatars that are known as “MetaGym Buddies,” which allow users to perform cardio, log health behaviors, and complete a wide range of fitness challenges. These challenges include strength and resistance training, cardiorespiratory training, and getting an adequate amount of sleep.

Once these challenges are completed, users receive awards in native tokens of MetaGym that range from 10 $MGCN to even 100 $MGCN. Due to this, MetaGym has created a lucrative environment that helps to make the world a healthier place, as users have a monetary incentive to exercise and continue with their fitness journey. 

2. daGama

daGama is a Post-and-Earn RWL (Real World Locations) app that allows users to earn money by visiting and recommending restaurants, lounge bars, cafes, and more places. The purpose of the app is to let users visit “underrated” places that have higher product and service quality, instead of those places that are well-known due to their marketing hype. 

The purpose of daGama’s model is to democratize and allow small businesses to reach a wider audience only if their product and services are superior. daGama achieves this by ensuring it is their customers who do the promotion instead of the business. 

The way it works is that users have the freedom to explore hotels, restaurants, cafes, and plenty of other attractions, including beauty salons, barbershops, and dance studios, recommended to them on their feeds. After visiting these places, users are to leave recommendations about them. In return for the users’ contributions, they receive monetary rewards in the app’s utility token.

This allows daGama to help improve a place’s user experience with the help of its community of discoverers. 

To ensure everyone gets a fair chance, daGama gives recommendations based on the user’s mood or preferences. It also utilizes the AI Vasco algorithm to ensure there’s a fair game when it comes to recommendations given to the users. 

In addition, daGama uses MLAFS (Multi-Level Anti-fake System) security system to protect users against fraud, creating a fair and safe system that is free from any outside intervention or bias. 

The platform will also be able to validate reviews on services for doctors and tutors, ensuring that all feedback is genuine and reliable. This capability enhances trust and transparency, allowing users to make informed decisions based on authentic reviews.

3. ArtLabs

Art Labs is an AI-powered 3D company that provides key business metrics to businesses through a Wear-to-Earn (W2E) model. Art Labs allows brands, designers, and retailers to integrate digital wearables, allowing these businesses to thrive in digital fashion. 

With the power of this, brands and designers compensate customers who wear virtual items, helping them build long-term relationships with their customers. The incentives include earning cryptocurrency rewards, exclusive access to wearable items, airdropping items to their digital wallets, and receiving awards in NFTs. 

Art Labs also offers a virtual try-on experience that utilizes cutting-edge Augmented Reality (AR) technology, giving them a real-life overview of how certain wearables will look on them. However, the types of incentives that a user gets depend largely on what the brand in partnership with Art Labs is offering, but they generally fall on the same lines. 

4. STEPN

STEPN is a lifestyle app that utilizes a Move-to-Earn (M2E) mechanism. This innovative mechanism combines a play-to-earn game with a fitness app that rewards users for physical activity. The more a user moves, the more tokens they earn. On STEPN, it does not matter if a user is walking or cycling because as long as they are doing movements, they will earn rewards. 

STEPN rewards users through $GMT tokens, through which they can also buy other in-game items that help them progress in the app. 

To get started, users have to acquire NFT sneakers, which they wear while walking, jogging, or running. Overall, STEPN’s innovative approach encourages people to adopt healthier lifestyles, which contributes to fighting climate change. 

5. Cassava 

Cassava is a Create-2-Earn (C2E) platform that allows content creators to create, store, and trade their art pieces as NFTs without needing external marketplaces. 

The Cassava network provides a reward-based infrastructure that helps give back to those who contribute to its platforms. All creators on Cassava are rewarded for the value they create, which can include all sorts of creative exercises and participation. The rewards are given in $CSV, which is Cassava’s native token. 

Cassava network’s model ensures that all types of content creators and artists are rewarded for their participation, unlike in centralized systems, where only a handful of creators are awarded. 

Reasons behind the X-to-Earn hype?

The X-to-Earn model is becoming increasingly popular for several reasons. 

Firstly, they present a great way to get paid for doing something that people are already doing or that they might need a slight motivation to do those things for a slightly longer time. The barrier to entry is almost nil, as users only need their smartphones to get started. 

Secondly, they are challenging the paradigm and democratizing the world by making it a fair place for all parties involved. For instance, as seen in the case of daGama, the app allows underrated businesses to connect with a wider audience while ensuring they are worthy of it by first allowing users to explore it. 

Lastly, X-to-Earn is a fun way to meet like-minded individuals and explore new opportunities with them. 

Conclusion

Whether a person is looking for a way to get fit, socialize, connect with their favorite brands, or just make extra cash, X-to-Earn is a great place to start. 

Considering it comprises multiple areas, this gives users the necessary freedom to choose what best suits their interests. The concept is still at the stage of gaining society’s trust, but as more users learn about a more democratized internet infrastructure, X-to-Earn is becoming lucrative and attractive in the eyes of a wider audience. 

The post Top 5 Blockchain-Powered Apps That Reward Users in 2024 appeared first on BeInCrypto.

Enter Wethio Space, a crypto project with the primary objective of eliminating barriers that stop progress and development on the African continent. Recently, the project listed its Wethio Space (WESP) Token on Probit, with plans to extend to Bitget. The WESP token is integral to Wethio Space’s goal of bringing progress to Africa. Here’s how you can access this token and become part of this fantastic revolution within the African continent. 

Introducing Wethio Space and the WESP Token 

Wethio Space is a crypto project with a mission to “bridge the digital divide, stimulate economic development, and provide every individual in Africa with global connectivity.” In Africa, Wethio Space plans to provide access to clean water, empower startups, develop productive agricultural lands, and tackle environmental challenges. 

The project partnered with esteemed astrophysicist Frederic Ouattara and astronaut Namira Salim. Their expertise is vital to its revolutionary goal. In the next seven years, the primary aim will be to deploy nanosatellites equipped with high-bandwidth capabilities. This is expected to help drastically reduce the need for internet connectivity in Africa, with a focus on industrial sectors and rural areas.

Wethio Space is already adhering to the provisions of the Swiss SRO VQF regulatory framework, ensuring compliance and trustworthiness. Furthermore, the WESP token is based on the Wethio blockchain, benefiting from the fast transaction processing speed of under 2 seconds at a minimal cost of $0.000005565. 

The WESP Token 

The WESP token is one of the most strategically launched tokens currently in the market, mainly offering exclusivity and value to holders. The developers of this token strategically capped it at 1,777,000 tokens, and the token distribution makes it stand out. 

Around 1 million tokens are allocated only to investment funds and investment banks committed to financing Wethio Space’s innovative nanosatellite project. Another 200,000 tokens are designated for individual investors to benefit from the unique proposition and value WESP provides. 

The WESP token also has one of the most precise and unique functionalities among many cryptocurrencies. This token will be primarily utilized for governance, data security, traceability, transactional, and fundraising activities. In fact, there are even greater benefits to holding this transformative token. 

Advantages of Holding WESP Token 

First, WESP is one of the rarest cryptocurrencies in the market, and this is expected to drive the value of the token upwards. Strategically capped at 1,777,000, the WESP token offers holders the opportunity to benefit from a world of exclusivity and prestige. 

Secondly, WESP is one of the few cryptocurrencies with some of the biggest utilities in the market. This crypto token is expected to play a key role in the deployment of nanosatellite services over the next five years. Experience from the COVID-19 pandemic has shown the importance of connectivity, especially in rural areas. 

During the pandemic, only those with internet access could communicate with their distant loved ones because of the lockdown. Moreover, working, online transactions and children’s education mostly happened over the internet at that time. However, UNICEF (2020) reported the lack of access to digital and remote learning programs for nearly half of the schoolchildren in sub-Saharan Africa. Note that this is the highest proportion in the world. 

Being part of the WESP token holders makes investors part of a transformative project. Indeed, funds raised through the WESP token will facilitate revolutionary projects in remote regions, especially in Africa. 

An example of these projects is the integration of the Internet of Things (IoT) with nanosatellite bandwidth. If done, it will bring innovation into many industries, offering excellent solutions where traditional infrastructure falls short. Wethio Space solutions can also be applied in agriculture. So, connected sensors can monitor vital metrics like crop health, water resource availability, and environmental conditions in real time. When this innovative solution is available in agriculture, it helps farmers make informed decisions to expand their establishments. 

Additionally, IoT-equipped machines from Wethio Space can be utilized in manufacturing to monitor performance and prevent breakdowns. Hence, a manufacturing establishment can run easily, even in areas with limited access to skilled technicians. 

The technological convergence Wethio Space is creating holds great promise for the African people. It has the massive potential to drive social and economic growth and transformation on the continent. Furthermore, it will create new job opportunities and strengthen essential industrial infrastructures in these regions.

However, this won’t be possible without the WESP token. The WESP token is at the core of the Wethio platform, streamlining transactions and interactions within the ecosystem. By bolstering a transparent and tamper-proof environment, the WESP token creates trust and transparency among holders. Hence, the call to hold some WESP tokens. 

Holding WESP tokens not only makes investors part of one of the biggest humanitarian projects, but it also has potential financial returns. The team behind the token projects that the market price could grow to over 500 euros. Alternatively, early adopters can still acquire it directly on Probit as it just launched on the 7th of August and has already shown more than 40% increased value.

How to Buy the WESP Token 

Currently, you can purchase the WESP token on Probit Exchange. However, the project developers promise to advance it to the Bitget Exchange and a broader investor audience. 

To purchase the WESP token, you need an account with Probit Exchange. You can create an account with your email address or sign up directly with your Google or Apple account. 

Once you have created your account, log in. Note that you can also log in with a QR code.

Navigate to the menu section and click on the exchange button. 

On the search bar, type in “WESP” and select the WESP/USDT trading pair. 

In the Buy or Sell sections, you can choose to purchase the WESP token using a limit or market order. Enter your desired buying quantity and click on buy. 

It will immediately purchase the desired amount of WESP. 

Those interested in purchasing WESP tokens can go to Probit Exchange to buy them. For more information about Wethio Space and its WESP token, visit its website. 

Be the first to know about the latest updates, win exclusive rewards, and connect with a thriving community. Follow Wethio Space on X and join their Telegram group to stay updated.

Links:

Facebook | LinkedIn | Telegram | Instagram

The post Wethio Space Recently Launched the Prestigious WESP Token: Here Is How to Buy It appeared first on BeInCrypto.

Now, after all these years, we are witnessing this vision come to life with innovative new solutions that are set to revolutionize the way we think about digital currency. 

The goal of Satoshi Nakamoto was for Bitcoin to be used for transactions. But this objective has never been fully achieved. All that has been going around are buzzwords of Bitcoin breaking boundaries with adoption. 

The issue with Bitcoin and other cryptocurrencies that came afterward was scalability. Bitcoin offers a very slow performance and needs an average of 10 minutes to create a block. Even Ethereum, designed to do better than Bitcoin in terms of technology, has a meager 20 transactions per second. Furthermore, with 1,500 transactions per second, Ripple can’t compete with traditional institutions like Visa and Mastercard. 

Visa is said to be capable of processing 24,000 transactions per second, and Mastercard as many as 5,000. 

In the midst of all this, there’s a crypto solution working silently behind the scenes to bring Satoshi Nakamoto’s vision to reality. This company’s objective is to make Bitcoin more spendable for retail payments globally. 

This blockchain project’s name is Tectum, developed by the company Crispmind Ltd,  and judging from the innovative solutions it is creating. It will soon become a transformative name in the crypto industry. With a blockchain capable of processing over 3.5 million transactions per second, Tectum solves all the scalability issues with Bitcoin payments, and this makes it one of the fastest blockchains.

Unlike most blockchains, Tectum stores every transaction in a separate block and processes them across multiple nodes. This feature enables the blockchain to process more transactions and improve scalability without compromising security.

Making Bitcoin Spendable With Tectum SoftNote 

Crispmind offers an innovative scaling solution called the SoftNote, which operates on the Tectum Blockchain, allowing for instant and free transfers of various cryptocurrencies, including BTC. The main Tectum products to facilitate this include:

The Tectum Blockchain

The Tectum Blockchain uses the proprietary record change signature management algorithm. It is the fastest layer-1 blockchain, confirmed to process 3.5 million transactions per second. Moreover, it provides instant ownership and event status delivery to users. This performance significantly outpaces Solana’s latest speed benchmarks

The Tectum Blockchain is mainly built on the idea of hashing. It enables faster processing of data items because of three levels of nodes in the blockchain. This includes the master node, designed to carry all the heavy-weight data, and the upper level that conducts communication with hashes.

The benefit of the “hashing idea”  is that it instantly verifies and publicly accessible event-related data. Indeed, separate accessibility levels are also provided for different transaction-related modules.

The Tectum Blockchain is ideal for lightweight and high-volume applications. However, it also has use cases for the Internet of Things. This blockchain can store billing, legal, municipal, and logistics records. Furthermore, it can record the geo-position of a drone or the system status of a vehicle multiple times per second. It is safe to say that the Tectum Blockchain is the bedrock of other products within the Tectum ecosystem. 

Tectum Emission Token 

The Tectum Emission Token ($TET) is this platform’s native cryptocurrency, serving as an integral part of its current and future products. It has three main functions: paying transaction fees, governing, and earning additional rewards with staking. 

Tectum’s XFA 

Inside the blockchain lies the bedrock of this protocol’s security, Tectum’s XFA. It is an exclusive X-factor authentication technology that provides users with impenetrable security. Indeed, this platform’s developers know that a sophisticated attack can compromise 2-factor authentication methods. Hence, they are creating a disruptive and innovative authentication solution that is more scalable and flexible. 

Tectum’s XFA ensures that cybercriminals never access users’ credentials, even if a server is compromised. They plan to achieve this by integrating on-device encryption through a secure tunnel protocol. Furthermore, they will combine human and machine logic to create quantum-proof login encryption. When this is done, it will provide a Dual-Tone Multi-Frequency (DTMF) fallback and SMS/QR-code hacking protection simultaneously. 

This security solution is designed to be next-generation, providing users with enough protection regardless of their location. Its security solutions also employ a SYD—Something You Do mechanism. The logic is that cybercriminals are more likely to guess even your strongest password than what you do. Thus, physical action, such as signing your name or making a picture of your favorite drawing, is a better authentication method than using a password or a 2FA app. 

Overall, Tectum’s XFA solution ensures that users don’t have to worry about security when transacting with their favorite cryptocurrencies. 

Tectum SoftNote 

Tectum SoftNote is the core infrastructure or solution powering high-speed Bitcoin transactions for users. SoftNote is a transactionless payment system whose immediate benefits include offering zero fees and instant payments. It facilitates low-cost on-chain transfers using the Bitcoin node and overlay network. 

The overall objective of SoftNote is to make BTC a scalable global cash system where users can make instant payments with zero fees. This solution uses SoftNote Bills, which can be emitted using Bitcoin, Ethereum, or USDT as a store of value. Furthermore, the developers envision a potential liquidity of $918,644,464, and the SoftNote Bills can be minted through Tectum’s web wallet and mobile app. 

Many benefits come with this innovative solution. 

First, SoftNote provides even more anonymity than native Bitcoin transactions. Its payments can’t be traced by public address since they weren’t registered in the native Bitcoin network ledger. Secondly, SoftNote offers a Superconductive Digital Environment that removes fees and delays. This immediately translates to instant payment processing, including zero transaction costs. 

The SoftNote is also internet independent. This means that the paper-printed SoftNote Bills can be used to make payments without an internet connection. However, the recipient of this physical payment must be connected to the Tectum network. It offers a crypto payment gateway and cash for crypto by introducing $1, $5, $10, and $20  denominations of SoftNote Bills. 

Other benefits to highlight include a strong technical framework, excellent security, network independence, and it is microtransaction friendly. 

How the SoftNote Works to Make Bitcoin Spendable 

SoftNote is making Bitcoin more spendable for retail payments through a step-by-step procedure. The steps include: 

Wallet Creation 

The whole process of using SoftNote for Bitcoin payments starts with creating an account in the SoftNote Wallet. Inputting your name, email, password, etc., is simple and takes less than a minute to complete. It is from the wallet that people can begin minting, filling SoftNote Bills with liquidity, and transacting with them.

SoftNote Minting 

Once a wallet has been created, the user utilizes TET, the native token of the Tectum Blockchain, to develop SoftNote bills. Each bill minted has a unique serial number and a corresponding BTC value. 

Provision of Liquidity 

On minting the bills, liquidity providers (LP)  transfer BTC to the BTC wallets of the SoftNotes that are to be filled. If successful, the LP licenses for these SoftNote bills are given to the relative Tectum account. 

Circulation 

The Minter of these SoftNote bills releases them into circulation, facilitating Bitcoin or any other crypto or fiat payment for retail. The circulation can happen in different ways, including a network of merchants, crypto cash/cash for crypto transactions, sales, and exchanges. 

Generation of Revenue 

When the end user spends a SoftNote bill, only a retailer is charged a capped fee of 1% whenever these bills are used for Bitcoin payment at retail, with a maximum fee of $1 for each transaction. On the other hand, the Mt and LP license holders are each paid 20% of the fees generated in commissions for the initial minting and filling of the SoftNotes, received on every transaction. Should the same individual mint a SoftNote and provide liquidity, they will get 40% of the fees generated.

Continuing the Satoshi Vision and Legacy With Tectum and SoftNote 

Irrespective of the numerous breakthroughs of Bitcoin in terms of price and the new hype around the ETFs, it wasn’t Satoshi’s vision. Satoshi didn’t envision Bitcoin as an investment asset. Instead, it wanted it to be an alternative currency to fiat and could help people make payments worldwide. Has the vision been achieved? The answer is no, as Bitcoin payments are still not as global as it is often hyped to be. 

The issue originates from the tech pitfalls of the apex cryptocurrency, taking as much as 10 minutes to create a block. 
However, there’s now a solution to this problem. Tectum, a blockchain FinTech solution with 3.5 million transactions per second, provides the ideal environment that brings Satoshi’s legacy and vision to reality.

Tectum was developed by Crispmind, a Chicago-based software development firm, with Alex Guseff as the co-founder. Its mission aligns with that of Satoshi: to provide a platform that allows day-to-day payments and retail transactions with Bitcoin and cryptocurrencies.

Frequently Asked Questions

The post Tectum SoftNote – Reaching Satoshi’s Goal of Making Bitcoin Usable for Retail Transaction appeared first on BeInCrypto.

Zoomex currently offers its services in over 30 countries and regions and has over 2 million users globally. Its vision is to illuminate customers’ lives through blockchain technology by providing a secure and stable trading environment. This crypto exchange leans towards innovative excellence to revolutionize the crypto trading sector. Let’s dive into Zoomex’s world and see how it provides traders with mind-blowing experiences.

Zoomex’s Mission and Values 

Zoomex’s mission is quite straightforward: they want to develop a crypto exchange built on security, user trust, and innovative spirit. The platform is user-centric and quite dynamic in adapting to the evolving nature of the crypto industry. 

Zoomex has values that differentiate it from many others. They strive to develop a secure trading environment with a top-level security framework to help safeguard users’ assets. This crypto exchange also offers diverse products and services to its customers, including the option to trade without KYC verification. 

With a keen goal of meeting the needs of both newbie and pro customers, Zoomex ensures accessibility and convenience for all its users.

Zoomex is also dedicated to meeting regulatory requirements. According to them, they have the MSB license granted by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The crypto exchange admits they are actively working on getting more regulatory licenses from other parts of the world. 

Zoomex Products and Services 

Zoomex has a variety of different products and services. Let’s take a closer look at them!

Contract Trading 

Zoomex offers USDT-based and coin-based contracts with abundant liquidity and low transaction fees. It also supports traders in opening short and long positions on over 300 cryptocurrencies. 

Spot Trading 

Spot Trading is also allowed on Zoomex, providing a wide variety of tokens to choose from and offering an opportunity for portfolio diversification. 

Copy Trading 

Zoomex is a platform keen on the development of those relatively new to crypto trading. Hence, it allows them to follow in the footsteps of professionals by copying their trades, which increases their chance of making a profit. 

Trade Arena 

Zoomex also offers a game-like service that allows users to earn rewards and increase their profits. For as little as $1, users can participate in the Trade Arena and correctly predict market trends to earn profits. 

Decentralized Exchange 

Besides their centralized option, Zoomex also offers a decentralized crypto exchange, bringing users a new era of trading. This DEX is reliable and secure, with a server guaranteed not to go down. Moreover, it has superior order book liquidity, with minimal transaction slippage.

The Zoomex DEX has very high leverage for adventurous traders, up to 150x on high-liquid pairs. All users need to do is connect their wallet to the DEX, and they are guaranteed an express trading experience while they remain anonymous. 

Why Choose Zoomex in a Saturated Crypto Market?

According to Forbes, there are over 500 crypto exchanges to choose from as a user, with their trade volumes reaching $80 billion during peak markets. Nevertheless, below are reasons why Zoomex stands out in the saturated crypto market: 

No KYC Required 

Most crypto exchanges require KYC (Know Your Customer) before users can begin trading. However, Zoomex is keen on protecting customers’ privacy and doesn’t require KYC for users to explore their trading services. The crypto exchange is dedicated to user’s anonymity, ensuring their data remains private and secure. This is quite unusual for a crypto exchange. Still, it guarantees that users can carry out activities on their platform without data leaks. 

Solid Liquidity 

Zoomex offers high liquidity levels, enabling traders to execute crypto trades without experiencing slippages during transactions. The Zoomex team ensures the crypto exchange features reliable and robust market-making (MM) capabilities. Hence, users can execute trades quickly and have a seamless and efficient trading experience. 

User-Centric Approach

It is getting hard to see crypto exchanges that put users at the forefront of their services. Zoomex is among the remaining few since their platform development primarily involves user feedback and surveys. They stand out from their competitors by directly interacting with users on changes they want to make on the platform. 

Numerous Loyalty Events and Reward Campaigns 

Zoomex has a reputation for hosting diverse loyalty events and reward campaigns to retain new and old customers. Global trading competitions (ZWTC), welcome campaigns, and special events like World Cup and Euro Cup promotions are some of the events users will see on this platform. In collaboration with the Paris 2024 Olympics, they reward users with CHZ Airdrop for predicting correct football scores. 

In addition to this, there’s also a reward hub for new users. According to the exchange, when a user registers, deposits, and trades with them, they can receive as much as 45,115 USDT in rewards. 

High-Level Security and Compliance 

Zoomex aims to provide a secure and regulatory-compliant trading environment for its customers. As part of its sophisticated security framework, it supports a 2-factor authentication system and multi-signature wallet. Moreover, Hacken, a blockchain security auditor, has confirmed that Zoomex is highly secure for trading activities. 

Zoomex has some of the best security features and is committed to complying with regulatory standards. Recently, Zoomex successfully completed a security audit conducted by the cybersecurity firm Hacken. The audit identified several vulnerabilities, all of which have been addressed or are under a resolution plan. 

It has the Canada MSB license, and its DEX supports a legal trading environment where every transaction follows the current rules. 

Zoomex Native Token 

Unlike other crypto exchanges, Zoomex takes a very different approach to launching its native token. It is slated to launch in 2024, a strategic timeline that will allow users to have more trading and investment opportunities. 

Low Trading Fees 

Zoomex has relatively low trading fees compared to many crypto exchanges and does not charge anything for depositing or withdrawing cryptocurrencies. However, it charges a commission of 0.02% for makers and 0.06% for takers for futures trading. Also, there’s a 0.1% fee for both makers and takers in spot trading. Still, this is relatively low compared to their competitors. 

Additionally, Zoomex offers a VIP Club that can reduce these fees based on trading volume. VIP members can benefit from significantly lower contract fees, exclusive customer service, and other perks. Joining the VIP Club is easy, with no KYC verification required, and users who hold VIP status at other exchanges can quickly upgrade to higher VIP levels at Zoomex.

How to Use Zoomex Crypto Exchange 

Opening an account and trading with Zoomex is quite simple. Users can sign up on their website using their email address or phone number. When they make a first-time deposit of $500, they are immediately rewarded with a $10 trading coupon. Moreover, when they start trading, they can earn up to 45,115 USDT in additional rewards. 

Conclusion 

With over 500 crypto exchanges, it can be overwhelming for newbies to choose. Amid the chaos, Zoomex is a user-centric crypto exchange that adapts to users’ needs in the dynamic crypto market. It stands out for addressing the privacy concerns of many users by not requiring KYC while developing sophisticated security features like 2FA and multi-signature wallets. 

With solid liquidity, users are guaranteed a stable and efficient trading environment without slippages. Moreover, it offers competitive transaction fees, with as low as 0.02% for makers and 0.06% for takers for future trading. Other important benefits include diverse loyalty events and reward campaigns, regulatory compliance, and the Zoomex token, which is set to become an integral part of the platform. 

The post How Zoomex Exchange Is Revolutionizing Crypto Trading and Why You Should Care appeared first on BeInCrypto.

On the other hand, DePIN is an innovative approach to computing that leverages decentralized networks to enhance connectivity and distribute processing power. The convergence of these two technologies brings about a decentralized ecosystem where inclusivity, accessibility, and creativity thrive. 

At the heart of this revolutionary paradigm shift lies WELL3, whose aim is to integrate wellness tracking with rewards by combining DePIN and AI. Supported by the transparent and decentralized qualities of the blockchain, WELL3 also wants to create an engaging crypto community around health and fitness goals. 

This article will explore WELL3 and its objectives within the crypto industry, milestones/achievements, and an overview of their $WELL token. 

What Does WELL3 Do?

WELL3 — a pioneering force reshaping health and wellness through a Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and integrated AI systems. With over 1 million pre-registered users eagerly anticipating its launch, WELL3’s mission is to enhance well-being through secure, data-empowered health journeys. 

By leveraging DePIN, blockchain, and AI analytics, WELL3 ensures a personalized user experience that is securely authenticated while fostering a community where millions unite in their pursuit of well-being. 

Image from WELL3

This approach allows users to elevate data ownership and security standards, seamlessly blending AI insights to tailor wellness solutions that align with their vision of a secure and health-conscious future.

Key Milestones and Achievements

The WELL3 community is vibrant and expansive across many platforms. With their help, WELL3 has achieved numerous record-breaking achievements, and they include: 

Public Sale

In just seven days, the WELL3 public sale registered a total value locked (TVL) of 15,237.2 ETH or $55M USD. Moreover, over $8 Million was raised through seed rounds and NFT sales.

Image from WELL3

WELL ID

WELL3 announced the launch of WELL3 Ring – a pioneering wearable that converts personal wellness metrics into on-chain data. Immediately after the announcement, over 900,000 users signed up for its corresponding NFT Ring whitelist within the WELL3 ecosystem.

WELL3 Transactions and NFT Project

Since its launch, WELL3 has quickly risen to become one of the top six projects on the opBNB chain, boasting over 324,000 owners and the creation of 8 million NFTs by April 27, 2024.

Key Partnerships

Since developing this crypto project, WELL3 has established partnerships with leading entities, including Animoca Brands, AWS, Samsung, The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance, and Lumoz.

Multichain

In pursuit of interoperability and a seamless user experience across multichains, WELL3 has formed a strategic alliance with leading chains. These include Polygon, Solana, Base, Ton, Avalanche, Arbitrum, BNB Chain, Sei, Algorand, Blast, and Telos. Moreover, the collaboration ensures that users benefit from a multichain and scalable ecosystem, enhancing the overall functionality and reach of WELL3’s offerings.

Key Features of WELL3

Image from WELL3

As a leading transformative force in health data management under the DePIN framework, WELL3 has a wide range of features, including: 

Data decentralization 

Health data is securely processed within the DePIN system. This process within Trusted Executive Environments (TEE) powered by Amazon Web Services (AWS) ensures user data remains private and secured.

Rewarding Wearables for Enhanced Wellness

WELL3 introduces an innovative line of wearables, starting with a smart ring equipped with state-of-the-art sensors and algorithms that provide a comprehensive view of an individual’s health. Furthermore, users can earn $WELL tokens through active participation and consenting to share their anonymized health data. 

This token-based ecosystem not only boosts user

engagement by rewarding healthy behaviors and data sharing but also ensures that users have a stake in the governance. Subsequently, it guarantees that users actively participate in the ongoing development of the platform.

Complete Ownership Over Personal Data 

By leveraging WELL3’s DePIN and DID technologies, users not only have complete ownership over their personal information and data but are also safeguarded against unauthorized access, data breaches, and fraud.

Multichain 

WELL3’s multi-chain framework spans multiple blockchain platforms, including Bitcoin, Ethereum, Polygon, Solana, Blast, and TON. This broad horizontal coverage allows WELL3 to leverage the strengths of various networks. Moreover, it ensures that users can interact with the WELL3 ecosystem across multiple platforms without barriers, facilitating a seamless and integrated user experience. 

Additionally, this approach can significantly reduce transaction costs by allowing WELL3 to choose the most efficient blockchain for specific actions.

Interoperability Across Ecosystems

Designed to seamlessly integrate across various platforms and services, WELL ID eliminates the hassle of multiple passwords and redundant verification processes. Whether it’s accessing health services, participating in wellness programs, or engaging with partner ecosystems, WELL ID provides a unified identity solution. Indeed, this solution simplifies digital interactions while enhancing security.

What Is $WELL Token? And What Does It Do?

The WELL token acts as both a utility and governance token within the WELL3 Network. Moreover, it embodies the core principles of Wellness, Health, and Governance. It powers a dynamic network of health ecosystem partners and their users, functioning seamlessly across all Layer 1 (L1) and Layer 2 (L2) chains.

More specifically, the $WELL token has many use cases within the WELL3 ecosystem, such as identity creation, purchases, and rewards. 

First, the $WELL token supports the WELL3 Ecosystem as DePin Ecosystem Rewards, health data sharing, and activity-based incentives. Secondly, it also serves as a reward for contributing to the WELL3’s decentralized network.

Also, the $WELL token is utilized in Identity creation, management, and KYC-as-a-service via DID. Moreover, it functions as a currency for both digital and physical purchases in the WELL3 Ecosystem.

Distribution of the $WELL token is as follows:

Image from WELL3 

It has a maximum supply of 42,000,000,000, while around 71% of tokens will go to community initiatives. Going into more detail, around 32.5% of the allocation will go to the ecosystem, with 23% TGE and daily linear unlock for 24 months. 20% goes to the $WELL airdrop with a 15% TGE. As for the rest, 12.5% goes to the team and contributors, while 10% is for public sale with 20% TGE.

Conclusion

WELL3 is a crypto project with the objective of doing many things in an innovative manner by creating a convergence between AI and DePIN. Besides this, it aims to create a crypto community of individuals who value health, innovation, and prosperity. 

Within a short period of its establishment, WELL3 has been able to reach a lot of milestones, such as the minting of over 8 million NFTs within its ecosystem and the procession of over $17 million in transactions. 

Furthermore, the $WELL token will serve important purposes within this crypto project. While primarily functioning as a governance mechanism within WELL3, the $WELL token will also help in sharing rewards and incentives, identity creation, and purchases. 

WELL3 is an exciting crypto project that sets out to create a series of innovative solutions that bridge health and finance. 

Links: 

Website | X | Discord 

The post How WELL3 Is Revolutionizing Health With AI, Depin, and Crypto Rewards appeared first on BeInCrypto.

SocialFi or Social Finance is here to change that by blending the power of web3 and its’ promise of decentralization, it gives users a more robust social media network where their data and privacy are secure. SocialFi gives total control to users as there is no central authority running the network since the system is run entirely by decentralized nodes. 

Among several SocialFi projects out there, UXLINK is at the forefront by leading the way in socialized web3 interactions.

What is UXLINK?

UXLINK is a leading user-driven web3 social platform that aims for the mass adoption of SocialFi. Its entire infrastructure is built on Telegram and it mainly focuses on “acquaintance social network,” giving users the power to build a real-world acquaintance social relationship map. “UXLINK strikes a delicate balance at the intersection of fundamental social principles and core Web3 concepts,” said Yinghao from SevenX Ventures.

This approach is different from UXLINK’s competitors like Friend.Tech and Farcaster, both of which are also renowned SocialFi projects. To boost user-friendliness, UXLINK features a wide range of decentralized applications, all of which are seamlessly incorporated with Telegram. 

Furthermore, UXLINK leverages Telegram’s authentic social data, allowing community mods to access multiple management service tools. With the power of UXLINK’s comprehensive suite of community tools, users can access to most diverse business scenarios that are present within the blockchain realm, ultimately enhancing their collaboration and engagement. 

Since UXLINK delivers an efficient, secure, and flexible decentralized social product that is tailored specifically for the Web3 community, it has successfully attracted over 9 million Externally Owned Accounts (EOAs). This number is almost 10 times that of UXLINK’s competitors including Friend.Tech and about 30 times that of Farcaster. 

Currently, UXLINK has a user base of over 5.7 million registered users with over 1 million daily active users (DAUs) on different decentralized applications. Furthermore, UXLINK has over 300,000 on-chain daily active users (DAUs). 

UXLINKs first-season airdrop is also in progress which aims to target the top 10% of users and will surpass a scale of 550,000. 

Learn more about UXLINK here

Web3 Powered Groups

UXLINK is the world’s largest social platform based on web3 groups as it has over 100,000 groups, spanning over 7 million users. UXLINK can bring high user growth by utilizing the RWS protocol and the Link to Earn trust mechanism. 

These groups can connect with numerous web3 applications through GWallet, which is the chain wallet of groups on UXLINK. By doing so, users can interact with decentralized applications as a group, which ultimately enriches the entire interaction roles of the web3 ecosystem. 

On the other hand, GGraph, which is the chain graph of groups, is a social graph that is constructed entirely based on group relationships, which helps to provide an accessible database for group-based application scenarios. 

At its core, the purpose of the groups is to act as a disruptive form of traffic organization and help users get access to trusted scenarios, timely interactions, and free customer service. 

Product Design of UXLINK

UXLINK is dedicated to leading an integrated social ecosystem that is aimed at channeling web3 traffic, social trading, and infrastructure. The Product architecture diagram of UXLINK is as follows:

The UXLINK’s product ecosystem is structured into three distinct layers:

These layers are: 

1. Application Layer 

The Application layer encompasses UX Discover and Social DEX, helping users to discover, participate, and invest in different group contexts. This layer also empowers third-party developers, giving them the power to build applications that are tailored to user needs. 

2. Protocol Layer 

The protocol layer grants users true ownership of their social connections and data. Developers have the power to leverage these protocols as they can deliver personalized user experiences that include AI-drive algorithms, recommendations, and group formations. 

3. Social Liquidity Layer

While this layer is not operational yet, however, it aims to establish a user-centric infrastructure that tokenizes social relationships and data assets. The layer will help to facilitate seamless transfer across various public chains and decentralized applications securely. 

At their core, with both the Protocol and Social Liquidity Layer, developers gain access to build robust infrastructure, which ultimately gives room to build innovation and improve user engagement. 

Trusted Network & Social Relationships

When it comes to environments that are focused on assets and financial activities, it is vital to have trust within the social networks. 

This is because trust instills a sense of security that helps to foster ongoing user engagement, which ultimately helps to cultivate an innate “confidence” within familiar networks. As a result, users develop a strong loyalty to UXLINK as time progresses. 

Another key area in which UXLINK stands out is its architecture which is ingeniously designed to harness the power of genuine socialization. Allowing UXLINK to essentially function as a sophisticated data production machine. 

UXLINK achieves this with the help of mining and migrating authentic social relationships which helps it to generate various types of data. This data ranges from basic acquaintance connections to more intricate associations including person-group, person-network, person-project, and person-asset relationships. 

UXLINK Connector

UXLINK also serves as a super-connector where it acts as a central hub between two interconnected closed loops. There are two types of closed loops including:

1. Smaller Closed Loops

UXLINK effectively links users, products, and developers through its product stack. This addresses the core needs of users and developers, and also fosters a robust user-product community. 

2. Broader Closed Loops

The broader close loop includes infrastructure, traffic, and applications. It has a three-layer structure of Layer/Chain-Protocol-Dapp/Application that is coupled with an underlying trust network. UXLINK has the power to seamlessly bridge the gap between two primary factions of Web3 that include infrastructure and applications through the help of traffic. 

Learn more about UXLINK here

UXLINK Developer Team

A major part of the reason behind UXLINK’s success is its S-tier or Special-tier founder who successfully leads an S-tier team. 

Both the founder and the team have years of entrepreneurial experience in the tech industry, giving them exceptional expertise in product R&D, growth strategies, operations, and fundraising. 

The team has already managed social products that have over a hundred million users and showed their iterative capabilities when they fully embraced web3 by grasping concepts, technical frameworks, and web3 economy. Not only that, they further ventured beyond conventional exploration and successfully developed UXLINK. 

At the same time, the team has demonstrated strong execution and resource integration abilities as they delivered products quickly, established multiple partnerships, and executed multiple partnerships. All of this has helped to improve their entrepreneurial and business capabilities.

It’s no wonder because of the team and founder’s exceptional capabilities, UXLINK received funding from several crypto Venture Capitalists (VCs) including OKX Ventures and Matrixport Ventures. The cumulative financing amounted to $9 million. 

In March 2024, UXLINK announced receiving a new round of financing led by SevenX Ventures, INCE Capital, and HashKey Capital. The financing amounted to a total of $5 million and proves the growing trust VCs have in UXLINK. 

None of this would have been possible without the core principles of UXLINK which include openness, modularity, and convenience. 

UXLINK: Helping Authentic Socialization

UXLINK understands the importance of genuine social connections and experiences, therefore it aims to mirror those real-life social dynamics. 

UXLINK achieves this by emphasizing bilateral relationships that are characterized by communication, collaboration, and cooperation which are contrary to one-sided interactions that are common on social media. 

Trust is established through direct or indirect endorsements. The interpersonal connections then naturally evolve from one-on-one interactions to groups, which helps to foster multidimensional interactions and network effects. 

Furthermore, the purpose of UXLINK is to effectively address what defines a successful social product and what does not. There are two ways through which UXLINK addresses, including digitizing real-world social interactions that help to create unique online experiences. 

The other approach includes the creation of entirely new social scenarios such as matchmaking and puzzle-solving. UXLINK encompasses both these strategies, thereby being able to provide a comprehensive range of scenarios that are effectively tailored for web3. 

Future of UXLINK

It is without a doubt that social networks benefit from having a higher user base because the more users a network has, the more valuable it becomes for all parties involved. 

However, for this to happen, UXLINK has to reach a certain point which it is actively trying to do so by collaborating with top industry projects. UXLINK is also using rigorous selection methods that help it select high-quality users that will help to improve engagement. 

In the end, this will help to improve the project’s reputation and credibility among not only users but also the stakeholders, essentially proving its brand power. Considering this, it is likely that UXLINK will be worth more than $200 in the coming years. 

Final Thoughts

Overall, with the evolution of web3 and the emergence of SocialFi, UXLINK has a lot to offer to the community with its unique perspective and clever architecture that helps to import web2 traffic into web3. As UXLINK’s ecosystem uses a unique ecosystem of DeFi, NFT, and GameFi, this builds a unique and innovative social infrastructure for users. 

Since UXLINK integrated products, users, and developers all in one place, it goes to show that in the coming years, its demand will only increase by attracting a huge range of users!

Links: Telegram | Twitter

The post How UXLINK Is Transforming Social Networks With Blockchain Technology appeared first on BeInCrypto.

BNB Chain is making this integration a reality by providing a robust platform that easily integrates blockchain and AI.

What is BNB Chain?

BNB Chain was founded in 2019. It is a decentralized blockchain ecosystem that has a major focus on Web3 economy, services, and infrastructure. To make this ecosystem a reality, BNB Chain provides multiple advanced tools and features to developers, allowing them to build decentralized projects. 

These decentralized projects include decentralized finance (DeFi), and decentralized applications (DApps), among several other small and large-scale decentralized projects. 

It comprises BNB Smart Chain (BSC), a secure DeFi hub with the lowest gas fees of any EVM-compatible L1 and serves as the ecosystem’s governance chain and opBNB, a scalability L2 that delivers high performance of 5-10,000 Transactions Per Second (TPS). 

It also includes BNB Greenfield, which meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces. These chains are not separated but are interconnected, providing a unified “One BNB” solution that meets all decentralized computing and storage needs in one holistic solution.

The BNB Beacon Chain, initially designed as a staking and governance layer, serves to complement the BNB Smart Chain (BSC) by enhancing security and supporting decentralized exchanges (DEXs). 

However, with the evolution of BSC and changes in the blockchain landscape, including the decommissioning of order-book-based DEXs in BEP151, the BNB Beacon Chain has become increasingly redundant. 

As a result, the BNB Chain Fusion is a strategic shift to migrate the BNB Beacon Chain’s functionalities to the BNB Smart Chain (BSC) and retire the BNB Beacon Chain. This move aims to streamline the network, improve efficiency, reduce security risks, and align BNB Chain’s architecture with the current technological demands and future growth.

Multi-Chain Architecture of BNB

BNB Chain’s robust infrastructure and multi-chain architecture comprises three different chains known as BNB Smart Chain or BSC, opBNB, and BNB Greenfield. 

1. BNB Smart Chain (BSC) 

BSC is a layer-1 platform that offers developers a robust EVM compatibility layer, giving them easy access to DApps, DeFi services, multi-chain support, and access to other Web3 applications. BSC runs on a proof-of-stake authority mechanism, giving more speed, reducing costs, and enhancing high-scale transactions. 

In fact, despite offering 5K+ Transactions Per Second (TPS), BSC also offers the lowest gas fees of any Layer 1 platform, which on average costs about $0.03. 

2. opBNB

opBNB is a layer-2 scaling solution that leverages the Optimism OP Stack which helps to enhance the BNB Smart Chain’s performance. It provides an extremely high throughput of around 5K to 10K+ TPS while also offering low transaction fees, with an average gas fee as low as $0.001. Due to this, opBNB is suitable for high-scale Web3 applications. 

opBNB serves as a layer-2 scaling solution, as it helps to offload transaction processing and resource usage from the BNB Smart Chain. 

Now, Rollup-as-a-Service (RaaS) has been introduced to allow large-scale Dapps to launch custom L2s to further foster development and innovation.

3. BNB Greenfield

BNB Chain further consists of an ecosystem that comprises BNB Greenfield, which is a storage-oriented blockchain, and SPs, which is a decentralized network of storage providers. 

BNB Greenfield is built on Cosmos/Tendermint infrastructure, allowing it to utilize the Tendermint consensus mechanism that helps to ensure network security using a Proof of Stake approach. In BNB Greenfield, the crucial role is achieved by validators who achieve consensus and participate in network governance. 

On the other hand, the SPs are infrastructures that are provided by organizations or individuals who are responsible for responding to user requests, and who ask to upload and download data. SPs also act as gatekeepers to ensure user rights and authentications. Users submit their data storage requests and Greenfield & SPs are responsible for sending the data off-chain. 

BNB Greenfield has a proof-of-challenge verification mechanism that ensures the integrity of their stored data. 

In the end, combining these three chains provides a cohesive solution known as “One BNB,” giving unique features to developers that they can use to further enhance their applications. These features are what allow developers to gain access to much-needed computing and storage access, which ultimately gives them the power to build Web3 applications with ease. 

Importance of building AI through BNB Chain

Building AI-led systems through the help of BNB Chain comes with several key advantages that include enhanced data storage and processing capabilities for more security and flexibility of AI systems. 

What sets BNB Chain apart is: 

• Strong Community 

BNB Chain has a diverse AI landscape with a thriving community spanning multiple categories. It hosts an array of projects that are not only pushing the boundaries of technology but are also transforming industries with their unique capabilities. 

These include applications such as content generation, chatbots, AI agents, and data management and processing, including decentralized DB, data labeling, and data marketplace. In addition, its ecosystem includes infrastructure and services that encompass storage, intelligence market, and computing, as well as ZKML infrastructure and developers. 

As BNB Chain has successfully established itself as a place for AI developers to build different products, this has led to the creation of a strong community, which is vital for the successful development and launch of any system.

• Computation Execution

In the BNB Chain, the computation-related work is centered on execution, which is efficiently managed by BSC in conjunction with opBNB. 

• Algorithm 

In addition to algorithm execution, the algorithm-related work necessitates both the data and model access. These requirements, which are vital for AI products, can be seamlessly handled by the BNB Chain ecosystem. 

• Incentive Programs 

BNB Chain also offers different incentive programs to AI developers that help them accelerate their projects and even win a handsome monetary reward. These programs on the BNB Chain include the TVL/DAU incentive program, the MVB program, and grants included in its suite of builder support programs.

BNB Chain also holds hackathons on a quarterly and yearly basis, which is vital to ensure the system’s safety against bad actors. 

• Data storage and ownership 

As big data is vital for the success of any AI model, BNB Chain offers data-related work that is primarily focused on its storage and ownership which can be handled by both BSC and BNB Greenfield. This gives uninterrupted access to data to different AI developers. 

Overall, BNB Chain benefits the entire AI ecosystem as it offers a strong platform for AI application development with BSC’s high throughput and low transaction costs. With opBNB’s fast processing for real-time AI responsiveness and through the help of BNB Greenfield’s secure data storage. 

This integration helps to reduce operational costs and supports further scalability through the help of dynamic AI solutions. With this, users gain access to high-performing, versatile, and responsive AI applications which they can access through low fees and quick processing time. Users also have the guarantee that their data is secure, as BNB Greenfield enhances trust and user privacy. 

AI Projects being built on BNB Chain

In Q4 of 2023, BNB Chain started to support AI projects and it has now grown to become one of the most diverse AI blockchains where the projects building in its ecosystem are making a real-world impact.

Several AI projects that have been developed on BNB Chain have attracted a significant amount of investment and increased BNB Chain’s recognition in the blockchain community.  

Other than this, the BNB Chain AI landscape includes applications in different categories such as storage, computing, data labeling, intelligence market, content generation, AI agent, chatbot, data labeling, and data marketplace. Some of the notable AI projects built on BNB Chain include:

AI Agents: Empowering Intelligent Interactions

• MyShell: With a robust daily active user (DAU) base of 53K, MyShell is redefining user interactions by leveraging AI to provide intuitive and responsive virtual assistants on the opBNB network.
• ChainGPT: Operating across BSC and opBNB, ChainGPT is an AI-driven solution that delivers intelligent insights and automated responses, enhancing the efficiency and effectiveness of blockchain operations.

Content Generation: Fueling Creativity

• NFPrompt: Live on opBNB, NFPrompt harnesses AI to generate creative content, making it easier for users to create and manage engaging narratives and digital assets.
• StoryChain: Currently in the testnet phase, StoryChain is an innovative platform that leverages AI to craft immersive and interactive stories, pushing the boundaries of digital storytelling.

Bots: Enhancing User Experience

• Web3Go: This AI-powered bot, live on BSC, provides users with seamless and intelligent interaction capabilities, enhancing the overall user experience with its responsive and adaptive AI technology.

Data Management and Processing: Ensuring Data Integrity and Accessibility

• Glacier.io: Operating on the Greenfield network with a DAU of 5K, Glacier.io offers decentralized data storage solutions that ensure security, integrity, and accessibility of data.
• Web3Go xData: This data labeling service on opBNB utilizes AI to streamline and automate data processing, making data management more efficient and reliable.

Infura & Service: Powering Infrastructure with AI

• NetMind: A computing powerhouse live on BSC, NetMind leverages AI to optimize computational resources, ensuring efficient and scalable operations for various applications.
• Aggregata: Live on Greenfield, Aggregata uses AI to analyze and interpret vast amounts of data, providing valuable insights and intelligence for market analysis and decision-making.

Developers: Nurturing Innovation

• Aspecta: Currently in incubation, Aspecta is set to revolutionize developer tools and resources, empowering developers to create more advanced and efficient AI applications.
• CodexField: Live on Greenfield, CodexField provides developers with the tools they need to build and deploy innovative AI solutions, fostering a vibrant ecosystem of technological advancement.

zkML: Advancing AI with Zero-Knowledge Proofs

• zkPass: With a DAU of 6K, zkPass is a groundbreaking project live on BSC, utilizing zero-knowledge proofs to enhance the privacy and security of AI models.
• BAS: Live across BSC, opBNB, and Greenfield, BAS integrates zkML infrastructure to provide secure and scalable AI solutions, setting a new standard for privacy and performance in the AI domain.

The projects on BNB Chain are not just about technological advancements; they are about creating real-world impact. From enhancing user interactions and generating creative content to ensuring data integrity and optimizing computational resources, these projects are redefining what’s possible with AI and blockchain technology. 

These projects have thousands of daily active users and more are joining daily. Some of the projects have also been listed on Centralized Exchanges (CEXs) that are also helping to grow their user base. Due to their utility and efficiency, some of the projects have successfully attracted VC funding. 

Difference between BNB Chain and Ethereum for AI Development

Even though BNB Chain is younger than some of its competitors, it stands out as an ideal place for AI projects due to the following reasons: 

Consensus Mechanism

BNB Chain utilizes a hybrid mechanism known as Proof-of-Staked-Authority (PoSA), which allows BNB Chain to have a limited number of validators that stand to over 41 Validators. Whereas Ethereum has over 70k validators. Having fewer validators shortens block times and also lowers transaction costs. 

Scalability

Another issue with the Ethereum network is that of scalability because the network gets congested when the number of users grows. At the moment, Ethereum can only handle under 70 TPS. On the other hand, BSC can handle 5k+ TPS and opBNB can handle up to 10k TPS. 

Speed

With the power of its PoSA consensus mechanism, BNB Chain takes over 3 seconds to verify a transaction, as the verification process is simplified and straightforward. On the other hand, Ethereum takes about 12 to 15 seconds to verify a transaction. 

Conclusion

As both AI and Web3 are developing further, this gives room for new groundbreaking innovations that will potentially redefine the internet’s future and will give users the ability to interact more fairly. 

BNB Chain, with its multi-chain approach, gives developers one place for all of their AI application development needs. With its remarkable evolution since its inception, the BNB Chain ecosystem now includes thousands of services, products, and other decentralized organizations that are ideal for the development of AI applications. 

It’s no wonder BNB Chain stands as a powerful force in the Web3 world as it offers developers, enterprises, and users a strong platform. 

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Frequently Asked Questions

The post BNB Chain’s Thriving AI Landscape and Infrastructure: An Overview appeared first on BeInCrypto.

In fact, traders do not have to spend hours analyzing the market, following the news, and then basing their trading decisions, which can either be manipulated by intuition or by greed. All of the trading work is done by AI, which is more efficient, learns from its mistakes, and removes all sorts of human emotions. 

However, since it is extremely difficult to train an AI model let alone build it from scratch, therefore it’s no wonder most of the complex tools are only available to a handful of institutional traders.  

AlgosOne is here to change that for good! It is an innovative AI-powered trading system that enables users to automate their crypto trades using AI, thereby increasing the success ratio of their trades. 

As the mission of AlgosOne is to democratize trading by giving users access to one of the most complex AI trading tools, it welcomes traders of all sorts of experiences. 

AlgosOne is also designed to handle different trading markets, making it a one-stop solution for all your trading goals. AlgosOne can make successful trades in the crypto market and the forex, stocks, indices, and commodities market. 

What Sets AlgosOne Apart?

One of the key reasons that sets AlgosOne apart from other AI trading tools is that it utilizes a wide range of cutting-edge AI-powered technologies that are not just complex but extremely sophisticated. These technologies include: 

1. Natural Language Processing

Natural Language Processing, or NLP, gives AlgosOne the power to comprehend multiple human languages in news articles, business reports, social media sentiment, and other information that may impact an asset’s price. NLP allows AlgosOne to identify market triggers and assess investor sentiment in real-time. 

2. Machine Learning 

Machine Learning, or ML, powers AlgosOne to analyze a massive volume of price actions, and business and financial data. This helps AlgosOne spot different market opportunities by recognizing patterns and trends. All of which is later utilized by AlgosOne’s trading bot to make successful trades. 

ML also allows AlgosOne to learn from its own mistakes and ensures it does not repeat them. 

3. Deep Learning

Deep Learning, also known as DL, is another sophisticated technology that AlgosOne utilizes. DL uses complex neural networks that generally mimic the human brain and then extracts meaningful information from them, which can be later used to execute successful trades. This data can be any online published unstructured data like texts, reports, audio, and images. 

The only thing that matters to AlgosOne is how it can utilize such vast data to make successful trades. 

4. Predictive Analytics

AlgosOne also uses predictive analytics such as deep learning, machine learning, data mining, and statistical modeling. This helps AlgosOne to become better at day trading as it can forecast future price movements and market volatility by understanding the current trends and evaluating historical data. 

In addition to all these different technologies, AlgosOne understands the importance of being a licensed financial service, as it is committed to the highest standards of integrity and transparency. This is a reason why AlgosOne is legal tender and abides by all European Union (EU) anti-money laundering laws. 

By doing so, AlgosOne is ensuring all of its users’ funds are secure, and its books are clean, making it an extremely safe platform for users to execute successful trades. 

Trading Performance and Analytics

AlgosOne has an exceptional trading performance despite being relatively new to the market, as it has already achieved a trade success ratio of more than 80%. This is a remarkable feat of its own, considering AlgosOne is utilizing only 15 years old trading data about cryptocurrencies and yet can execute profitable trades. 

The annual profit of the first trading tier of AlgosOne is 15 to 25% per year. As the user moves to a higher trading tier based on their deposit amount, the number of auto-approved and 1-click trades per day increases, and so does the annual profit. It can rise to over a whopping 150% on the topmost trading tier. 

How Does AlgosOne Utilize AI in Trading?

While it’s easier to trade when the markets are bullish, however, the real challenge comes when the markets are bearish and the prices are in a downturn. This is where AlgosOne utilizes the sophisticated tools of AI-powered technologies that it runs on. 

One of the key areas where AlgosOne utilizes its AI is while monitoring the market in real-time. This is extremely important, especially when it comes to trading cryptocurrencies, as they are highly sensitive to market volatility.  

AlgosOne’s AI is trained on large datasets of historical and real-time market data, including price movements, trading volumes, and on-chain statistics. Therefore, it can successfully extract important information which gives it the ability to find opportunities even if the market is turning towards a downturn. 

Not only that, the purpose of AlgosOne’s AI does not end at executing successful trades regardless of the market trend but also learning from its mistakes. While the ratio of unsuccessful trades is far less than the successful ones, it is important to note that mistakes do happen which result in unsuccessful trades. 

Another area in which AlgosOne utilizes its sophisticated AI is through risk management because the bot bases trading decisions purely on market sentiment and analysis. This helps remove greed rather than any sentiments that may hamper the trader’s ability to make proper decisions. As a result, the user’s funds are safeguarded from any emotions. 

In addition, AlgosOne’s risk management strategy also includes investing a user’s asset in the markets across the board. This secures the user’s funds from any unforeseen circumstances where the price of the entire market may be influenced. Investing your capital in different areas like stocks, indices, forex, and commodities ensures steady growth. 

Without the help of AI, it is nearly impossible for a trader to have such a diverse risk management strategy that not only secures their assets but also helps them to grow even when the market is down. 

User Experience: Navigating AlgosOne

As AlgosOne welcomes novice traders, its’ user experience is designed in such a manner that ensures that the platform is easy to navigate around. This is why a user’s journey from signing up to making their first successful trade can happen in around just 5 minutes. 

The great thing about this entire process is that you only need $300 to get started, and since AlgosOne welcomes users from around the globe, it offers different payment methods to charge the account. These payment methods include direct deposit from the bank, using popular cryptocurrencies, and converting cryptocurrencies to US dollars. 

Upon signup, the main language will be English, but users can change that into one of the five other languages, which includes Italian, French, German, Turkish, and Spanish. Again, this is another important feature that enhances the platform’s user-friendliness. 

AlgosOne Main Dashboard

The main dashboard of AlgosOne showcases your trading balance and your main checking account balance. It also showcases the current amount in AlgosOne’s reserve fund which is a fund that is dedicated to acting as collateral in case things go sideways. Users can also view the latest trades AlgosOne is executing in real-time. 

Trading Risk Profile

Before executing a trade, users have to select their risk settings on the trading operations tab. 

AlgosOne offers two types of risk settings. The first one is Low Risk, in which traders benefit from a higher success rate with minimized risk, making it an ideal setting for traders with a low-risk threshold. However, the returns on this setting are also low. 

The second setting includes Standard Risk, in which traders are exposed to a higher risk of unsuccessful trades, increasing their chance of earning greater rewards. In this setting, positions are opened for a longer duration of time, giving traders a sizable return on their trades.

AlgosOne Trading Tiers

When it comes to the amount a trader can earn on their investment, it depends on what trading tier they are on, as AlgosOne places a trader on a certain tier depending upon the size of their deposit. AlgosOne has 10 different trading tiers, each offering a particular number of daily trades, commission fees, compensation, and total profit per annum. 

By having different trading tiers, AlgosOne can divide the trading burden and welcome users that have a different size of trading investment capital. The first trading tier starts from as low as $300 and has a return per annum of up to 50% on a high-yield plan and a return of 10-15% on a standard plan. This profit increases to about 150% when a trader is placed on the topmost trading tier. 

In AlgosOne, your trading tier defines how much the commission fees you will have to pay and how many trades you can execute per day. 

Types of Trades

There are three types of trades that AlgosOne offers: 

• The first includes auto-approved trades in which AlgosOne picks the assets based on your investment goals, the size of the position, and the trade direction. It then approves the trade itself.  
• The second includes 1-click approved trades where AlgosOne determines your trade direction and executes it only after the user’s approval.   
• The third includes trading bank trades in which users can click “trade now” based on sufficient trading credits whenever they feel like the best time for AlgosOne to make their trade. In this type of trade, users do not have to wait for any signal. Rather, they make their signal.

It is worth noting that all of the trading types yield successful results, and it depends on the user’s deposit amount and investment goals on which ones to utilize. 

Trading Operations Tab

The trading operations tab gives traders an overview of which trade is currently being executed. The trading calculator is where their profit margin will be displayed. Users can also view the current amount of their locked deposits. 

Savings Account

AlgosOne also offers a savings account that works similarly to the regular accounts but with much higher yields and annual profits. Money deposited in the AlgosOne savings account will be traded automatically, allowing users to reap the profits without worrying about approving different trading signals. 

The plan duration for a savings account is about 12 months longer than the regular accounts, during which the profits gained will be automatically compounded for even higher profits during the withdrawal period. While the savings account is a new addition, however, they are expected to generate a 3x profit than a regular savings account does. 

AlgosOne Token

AlgosOne is also about to launch its native token, allowing users to own a piece of AlgosOne AI. The token will act as a utility token, allowing users to earn dividends from their trade profits, vote on different issues & key areas of AlgosOne, and multiple other incentives. 

The dividend amount and time will be visible on the platform as AlgosOne will pay a fixed amount of dividend per share. The dividend will be paid out either monthly or quarterly, and its yield will vary.  

The number of tokens will be limited and will be allocated only through pre-sales, 3 different rounds, and a private round. The price of the AlgosOne token will be low during the first sales and will gradually increase during each selling stage. For example, the pre-sale token will be $0.00001, and the next stage might be $0.00004. The amount of the token is limited to 500 million. 

Depending upon the demand, not all users will be able to get their token allocations and the chances of token allocation will largely depend on the trading tier they are based on. The higher their trading tier, the higher the chances of them getting allocated to own certain amounts of AlgosOne tokens. 

Once all the selling stages are done with the AlgosOne token, AlgosOne will infuse at least $100 million into its sale. 

AlgosOne’s Asset Diversity and Trading Opportunities

With the power of its cutting-edge AI, AlgosOne can sweep through economy-wide macro and micro data, giving it the ability to execute successful trades in different assets like FIAT currencies, indices, bonds, stocks, and forex. 

Having such an ability gives AlgosOne more room to execute potentially profitable trades as its predictive modeling can understand where the market is moving towards and thus, new opportunities will arise. Asset diversity is one of the reasons that allows AlgosOne to form new trading strategies and experiment with which works best for the platform. 

At the end of the day, this opens new doors for crypto investors to not only find new opportunities to grow their capital but also to safeguard themselves from market volatility. 

Security and Trust: Safeguarding User Investments

To remain amongst the most trustable and transparent AI-powered trading platforms, AlgosOne has an entire AlgosOne Reserve Fund to secure users. This comes as an additional layer apart from the EU licensing and Anti-Money Laundering laws. 

AlgosOne Reserve Funds plays a critical role in securing the entire platform and its users. The platform owners know that anything can go wrong that can put the user’s funds in danger. The risk can come from either a technical glitch, unexpected market volatility, or a cyber attack that can put a temporary halt on the entire platform. 

To safeguard everyone from the worst-case scenario, the AlgosOne Reserve Fund is there, which is collected from the profitable trades that the bot makes. Half of the profit goes to the AlgosOne Reserve Fund, whereas the other half goes to the customer support of AlgosOne, another measure to safeguard users. 

This is because AlgosOne has a 24/7 team of customer support agents who assist users in case an error occurs or if the users have made a mistake. Additionally, some financial professionals continuously monitor the performance of AlgosOne’s trading bot and can enter at any time to assist the bot in case they think it is necessary. 

Pros and Cons of AlgosOne

The pros of AlgosOne are as follows: 

• AlgosOne is EU-authorized and registered, making it a secure and reliable platform. 
• It has an effective risk management strategy, ensuring the diversity and security of user assets. 
• AlgosOne is user-friendly and is designed to welcome traders of all experiences by making the dashboard extremely easy to interact with. 
• Despite being relatively young in the market, AlgosOne has a commendable success ratio of over 80%. 
• It offers no transaction fees and offers compensation on unsuccessful trades. 
• A 24/7 customer support and AlgosOne Reserve Fund are other great additions to AlgosOne’s overall safety protocol. 

Cons of AlgosOne include: 

• On multiple trading tiers, the commission is 20%, which is high. 
• AlgosOne locks users’ funds on its different investment plans. 
• 1-click trades requiring users to open their account and then approve the trade can hinder some during their busy daily lives. 

AlgosOne vs. The Competition

AlgosOne’s main competition includes CryptoHero and third-party AI bots. However, it generally fairs well from its competition, particularly due to its strict security measures and legal status. AlgosOne also has access to a huge amount of data in real-time, allowing it to make more informed and timely decisions in assets across the board. 

This is not the case with the majority of its competitors as most of the AI bots do offer more personalization and flexibility but they can only monitor and analyze data from a limited amount of area. Not having access to more data simply limits the ability and probability of these bots to execute trades successfully and with more confidence. 

Furthermore, as AlgosOne is adding new features to its platform and offering portfolio diversification, it is increasing its utility and giving users a one-stop place for all of their investment needs and requirements. 

Final Thoughts

As traders often find it difficult to keep up with the crypto market, AlgosOne presents one of the best solutions out there by offering a market fit that not only welcomes young traders but democratizes the entire industry. With its cutting-edge AI technology, AlgosOne can give users access to an institutional-grade trading tool, something that has barely existed before. 

Through the help of its upcoming programs and new features, users can make the most of their investment capital and explore different avenues in a secure environment. It’s no wonder that the platform has already shown a success ratio of over 80% and continues to improve itself. 

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The post AlgosOne Review: How This AI Platform Is Outperforming Manual Crypto Traders appeared first on BeInCrypto.

More than 50% of the campaign has already been fulfilled. Participating in the campaign involves minting an airdrop voucher, known as the UXLINK NFT, which guarantees an airdrop of the native token $UXLINK, fully unlocked after the TGE (Token Generation Event).

Following community discussions, UXLINK has introduced a limited community sale of three types of Airdrop Voucher NFTs: “MOON,” “TRUST,” and “FRENS,” available on the NFT Marketplace. Each voucher is valued at 25,000, 750 and 50 $UXLINK tokens, respectively, and offers the same benefits as the UXLINK NFTs.

PLUM, a community member from South Korea, remarked, “Many users have expressed that UXUY points are insufficient for redeeming premium NFTs, and they are keen not to miss the PRE-TGE airdrop.The community sale provides them with an excellent opportunity to participate in this significant airdrop program.”

Hector from Turkey is eager about the community sale, stating,  “UXLINK has a substantial user base in Turkey, where people generally hold crypto assets. The launch of the community sale is warmly welcomed by everyone.”

The limited community sale of UXLINK airdrop voucher NFTs is expected to last approximately two weeks, or until stocks are depleted, according to the community manager. Currently the UXLINK project is steadily improving with good cash flow and abundant cash reserves, and all proceeds from the community sales will be used for community construction and ecological development.

About UXLINK

UXLINK is the largest web3 social platform and infrastructure for users and developers to discover, distribute, and trade crypto assets in unique socialized and group-based manners.

• Gained over 5 million users, with 1M on-chain/off-chain daily active and 200K on-chain daily active users.
• Organized user traffic and interactions by 100K+ web3-powered groups

UXLINK NFT sale website.

Contact Details: UXLINK Web | UXLINK Twitter | UXLINK Telegram

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