mylitecryptogametech

CryptAxx is set to become the world’s first project offering 10,000 generative NFT guitars on the popular Ethereum blockchain. With four collectible levels of rarity, over 500 hand-drawn traits, and billions of possible combinations, the provably unique axxes (guitars) are a rare sight to see in the sea of pixelated PFPs (profile pics). Focusing on a value-packed, members-only type structure, owning a CryptAxx NFT double as an access card to music-focused benefits including an online community radio station, in-person and metaverse concerts and events, collectible ticketing, and musician royalties, metaverse guitars, and more says the CryptAxx team.  Created with the intent of bringing musicians and fans closer to what they love, the team at CryptAxx is dedicated to building a community that can put pressure on the record labels of the past to create an experience that rewards artists and fans alike for participating. Eddie Johnson, the primary artist, and co-founder for ...

A day after Indian Finance Minister Nirmala Sitharaman informed parliament that the government is not planning to make bitcoin a legal tender , on Tuesday she revealed some more information about the eagerly-awaited crypto bill scheduled to be introduced in the ongoing winter session of parliament.  Replying to a question on Cryptocurrency and Regulation of Official Digital Currency, 2021, Sitharaman said in the Upper House (Rajya Sabha) of parliament that the description of the bill put out a few days ago by the parliament secretariat belonged to the old draft of the bill. The new draft is totally reworked and it will be presented to the cabinet and after its nod to parliament during the winter session currently underway. The description of the proposed bill had said: “The bill seeks to prohibit all private cryptocurrencies in India. However, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses.” The news was taken by extreme su...

Ravendex is pleased to inform the community regarding its FIRST Internal AMA on 30th November. Ravendex allows non-custodial decentralized asset and liquidity swaps between native Cardano tokens and ADA for the first time on the Cardano Blockchain. With its unique features like distributing shared liquidity across numerous assets on the Cardano ecosystem, it is a cross-chain exchange. It features four multi-function liquidity pools which are as mentioned below; Constant-product pool Stable pool Multi-asset pool Dynamic pool APY rates were initially lower than other lending platforms on various blockchains, such as AAVE on Ethereum. Due to Cardano Blockchains speed and low transaction costs, the utilization of borrowed funds and overall returns to investors were greater and more efficient than other networks. Decentralized Automated Market Maker System Soon, the much-anticipated decentralized automated market maker system, RavenDex, will be available for trading. This means...

Grayscale Investments has been one of the most active investment funds in the crypto space. So far, the firm is the top asset manager with over $50 billion in digital assets under its management. That’s a pretty impressive figure for a firm that came into the picture in 2013. Now, the firm is adding an SOL-backed trust product to its investment line. The Grayscale Solana Trust will be the 16 th product launched by Grayscale Investments. Solana -Backed Trust The firm’s latest venture points to its application in providing its customers with access to various products in the expanding crypto space. The trust will be backed by Solana and held in the native token of the network, SOL. The Solana network is basically a platform for smart contracts and uses the Solana protocol that relies on Proof-of-History (PoH) as opposed to proof-of-Work and Proof-of-Stake. During the launch, Grayscale announced that it would make the Trust accessible for subscription by both individual and institu...

BlockchainSpace , a metaverse platform that aims to facilitate the performance and efficiency of play-to-earn guilds to enable them to scale in the metaverse, has announced a $2.4 Million Strategic funding round today. The funding round saw participation from Crypto.com, Alameda Research (FTX), Kingsway Capital, OkEx Ventures, and Unity Gaming; With MorningStar Ventures leading the round. BlockchainSpace to Onboard 20,000 New Guilds to Better Serve New Gamers The company reveals it is set to onboard 20,000 new guilds all over the globe with the funds, a move that has the potential of causing swift growth in the rapidly expanding NFT gaming industry. Currently, the exclusive services offered by BlockchainSpace are enjoyed by 2,000 guilds and more than 545,000 P2E players. Hence, the new development will see the guild hub extending its services to more than 20,000 guilds worldwide. According to the announcement, the company said, “today’s strategic funding round will enable communi...

YIELDEX is a product that combines yield farming and crypto indexing, intending to provide users with the best yield farming opportunities available. Singapore, November 26, 2021 – YIELDEX, which was launched on October 10, aims to redefine the yield farming landscape by addressing impermanent loss, which is commonly associated with yield farming, and liquidity pools. YIELDEX is part of TEN Finance’s primary goal of lowering the barrier to entry into DeFi to increase user adoption and completely replace traditional finance.  YIELDEX would also increase the yield farming portfolio diversification rate for users by providing a much better alternative to the time-consuming and labor-intensive process of manually investing in and out of pools. Aside from yield, YIELDEX offers additional incentives in the form of $TENFI tokens, TEN Finance’s native token.  With a single click, YIELDEX allows investors to place their assets in multiple liquidity pools, automating yield farming ...

Jack Dorsey has announced his retirement as CEO from Twitter, handing the reins to Parag Agrawal. Analysts point that Jack Dorsey now has free time on his hands to immerse himself in Bitcoin. The 45-year old has shown a deep interest in Bitcoin with his fintech company Square holding BTC on its balance sheets. Jack Dorsey steps down from his role as Twitter CEO leaving him with spare time. Analysts have pointed out that the allure of cryptocurrencies was simply hard to resist for the ex-twitter CEO. From Twitter To Bitcoin In an internal memo to the Twitter team, Jack Dorsey made known his decision to step down from his role as company CEO . he revealed that company CTO, Parag Agrawal will become the new CEO while Bret Taylor will become the board chair. Being a known Bitcoin believer, it is difficult to imagine Jack Dorsey working on something different aside from Bitcoin. “If I were not at Square or Twitter, I’d be working on bitcoin,” said Dorsey at a Bitcoin conference t...

ViralCoin has finally launched its DeFi token on several networks. The team says the token has several groundbreaking features that have never been seen before in fair launches. They describe the launch as a “Fair Balanced Launch” as it keeps the token price consistent while minting new tokens until the maximum total supply is attained on all networks.   This was made possible through the creation of the ViralVault, a system that rebalances the Liquidity Pool each time ViralCoin is minted. This keeps the maximum price relatively stable until all ViralCoins have been minted. ViralCoin is also pre-allocating ZERO tokens to its founders, early adopters, or developers, a feature never seen in the tokenomics of any project. Unique tokenomics Apart from the fact that no tokens are allocated to the founders, devs, or early adopters, ViralCoin allows enthusiasts to participate in governance without having to buy the token. Rather, 1% of every purchase is distributed to the refer...

The Avalanche ecosystem is bound to experience greater growth as TrueUSD launches the TUSD-AVAX liquidity pool on Pangolin. Launched on 22 November 2021, the pool will reward users who contribute to the liquidity with PNG, Pangolin’s native token. Since its launch, the TUSD-AVAX liquidity pool has maintained an APR of 561%, making it the most profitable stablecoin pool ever. Pangolin is a decentralized trading platform based on the Avalanche ecosystem. The upgrade to V2 has brought a lot of changes that have made it a much more suitable platform for traders. It comes with improved DEX parameters and streamlined trading and LP experience. Apart from the improved smart contract, users of the V2 Pangolin receive much better rewards for providing liquidity. To encourage users to migrate from V1 to V2, the platform has distributed $4 million in PNG to liquidity providers and now a daily mining reward of 175,000 PNG. TrueUSD is already working on migrating its liquidity from V1...

Cardano-based cross-chain NFT platform Verlux has kicked off its seed sale on the Cardano network, an event that will run until Dec. 9. At press time, about 60% of the allocated 25 million tokens have been purchased owing to high demand and adoption from NFT enthusiasts. Notably, the Verlux NFT marketplace brings a unique decentralization feature to the Cardano ecosystem. Other NFT platforms require users to use the sign-up or login modal, with an email and password. Differently, Verlux only needs a wallet connection to create a user account. Digital creators, artists, and meme-makers can now mint their work as unique digital collectibles, whose identity can be quickly and easily verified on the blockchain. To mint on Verlux, one needs to connect a Cardano-based wallet such as Nami or Gero wallet. Click on ‘Mint NFT’ on Verlux for further guidance on the NFT listing. In the long run, Verlux hopes to become the top NFT marketplace on the Cardano ecosystem. The platform is also pre...

The popular belief that November would be characterized by a spirited price surge by cryptocurrencies because “it always does” is no doubt proving to be a mirage even as crypto assets recoil in what seemingly appears to be temporary bullish exhaustion. Whereas there is still a window of opportunity between now and year-end, pundits are increasingly shelving their expectations for Bitcoin hitting $100,000 before December 31. Last week, PlanB accepted that his prediction of Bitcoin hitting 98,000 by end of November based on his S2F model had failed for the first time. “Floor model $98K Nov close will probably be a first miss (after nailing Aug, Sep, Oct)” he said. Onchain Metrics Reveal Bullish Activity Despite undesired outcomes, on-chain metrics still support a bullish market across cryptocurrencies according to a recent report by Kraken Exchange. According to the report, the amount of Bitcoin and Ethereum supply on centralized exchanges has continued to drop with the assets’...

Although the price of Cardano has been on a downward trend, activity on the protocol network has increased substantially. Popular crypto influencer Lark Davis claims the price of ADA is about to take off with the upcoming DeFi projects. At the moment, Cardano powers over 4000 smart contracts on its platform. When Cardano ushered in the era of smart contracts on its platform with the successful launch of the Alonzo Mainnet, ADA rallied to a record price to become the 4th largest cryptocurrency by market cap – with a market value of about $75 billion. Alonzo also saw ADA hit $3 for the first time since its inception, surpassing Binance Coin (BNB) to become the third-largest digital asset by market value. However, the coin has been unable to sustain this uptrend, witnessing a small correction. For the past few weeks, Cardano (ADA) has been forming lower lows from a close of $2 in October to the current low of $1.43. At press time, Cardano (ADA) is changing hands at $1.59, up 1.5...

San Francisco-based crypto exchange Kraken is finally listing Shiba Inu after a month-long heated tussle with the token’s die-hard community . SHIB Goes Live On Kraken This is according to an announcement by the exchange notifying users that the token would be available for trading beginning Tuesday in a tweet that saw over thirty thousand upvotes in just under two hours. “ We’re thrilled to announce that Kraken now supports Shiba Inu (SHIB)!” the announcement reads, “Funding is live ,  and we anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution.” From November 30, users will be able to access trading services on the token by depositing a minimum of 373,000 SHIB ($15) which can then be traded with the USD and the EUR as the counter currencies. The listing comes even after Kraken entered into a strained relationship with a significant number of users after the exchange failed to list the token on sev...

Pharrell Williams is in search of Satoshi Nakamoto to play him a song about Bitcoin he made in 2011. The “Happy” crooner claimed he made a song with  American DJ, Diplo. Satoshi’s identity has remained a mystery since the invention of Bitcoin with several persons suspected of being the real Satoshi. More entertainers are paying attention to the Bitcoin buzz as it soars in popularity. The most recent is from multiple Grammy Awards winner, Pharrell Williams. Pharrel’s Bitcoin Song Pharrell Williams tweeted to his over 10 million followers yesterday of his intention to play an unreleased Bitcoin song for Satoshi Nakamoto. According to his post, the song was released in 2011, when the asset hit $1 for the first time just 2 years after its creation. According to Pharrell Williams, the song featured Diplo, a top DJ, songwriter, and producer. “I know this is a crazy question but back in 2011 I did a song with Diplo called Bitcoin, can somebody find Satoshi Nakamoto, I’m trying t...

SAVAGE , the world’s first carbon-neutral NFT marketplace for 8K video and photography, plans to conduct its initial DEX offering (IDO) on FantomStarter and OccamRazer on Dec. 15, 2021. The event will make the platform more accessible to investors, the best photographers and filmmakers the industry has to offer, and creators of varying skill sets. Other than its eco-friendliness, the platform is also the first community-driven and Hollywood-focused NFT marketplace on the Polygon proof-of-stake protocol. SAVAGE has been developed by a team of crypto and blockchain experts, entrepreneurs, and advisors with wide-ranging backgrounds having worked for National Geographic, Tesla, Amazon, Samsung, and Microsoft. SAVAGE is also backed by renowned creatives and leading venture capitalists, such as Faculty Group. All these features make SAVAGE well poised to bring shock waves in the stock footage industry, making it a monetizing place for a possible 7 billion creators. Having reinforced its ...

The native token of ConstitutionDAO is showing signs of taking the path of popular meme coins like SHIB and DOGE. Although the DAO has formally closed shop, PEOPLE climbed by over 4,000% after the failed auction bid.  Investors are trooping into the asset in the hopes of catching the next big break. The ghost of ConstitutionDAO is still haunting the walls of crypto land and could become a force to reckon with. The project’s PEOPLE token is walking the fine line to immortality or is it the last gasp of a drowning man? PEOPLE Soars – What Is Dead May Never Die After losing out in the auction to buy the rare copy of the US constitution , the PEOPLE token climbed by a staggering 4,000% in a show of defiance. After the auction,  PEOPLE was trading at $0.004142 but the asset mooned to reach an all-time high of $0.1638. Activity around PEOPLE saw over $200 million worth of transactions take place despite the announcement of a winding up by the DAO. Several factors may be re...

Bitci Technology, one of the world’s leading fan token platforms, continues its global expansion. Bitcicoin, the mainnet coin of the Bitci Chain network, will start trading on Bittrex at 19:00(GMT+3) on Friday, December 3, 2021. Bitci Technology , which is the only fan token partner of the world’s leading teams and organizations such as Brazil and Spanish National Teams, McLaren Formula 1 Team, MotoGP, FIBA, Sporting Lisbon, Wolves, continues to meet with international investors. Bitci, which has listing agreements with exchanges such as XT, Finexbox, ProBit, BigOne, Biconomy, is now to be listed on Bittrex, one of the world’s leading cryptocurrency trading platforms. The calendar for the listing of Bitcicoin, the mainnet coin of Bitci Chain, provides a secure and fast blockchain infrastructure service to its business partners with its infrastructure developed by its own software developers, supporting smart contracts and new technological developments, has also been announced. Acc...

On Monday, Microstrategy’s Saylor announced that his company had purchased an additional 7002 Bitcoins, bringing the total stash in its coffers to 121,044 Bitcoins since it announced its first Bitcoin purchase On August 11th, 2020. In a FORM 8-K filing with the Securities and Exchange Commission on the same day, the company disclosed having purchased the coins for a total of $414.4 million in cash at an average price of $59,187 per bitcoin inclusive of fees and expenses. This brings the total cost of acquiring its entire bitcoin stash to $3.57 billion at an average price of $29,534 per coin. Microstrategy’s Insatiable Appetite For Bitcoin The latest purchase come only months after the business intelligence company purchased 3,907 BTC in August as the price continued to recover from July lows, splashing $177 Million in the process. Since making its first Bitcoin purchase, the company’s matriarch Michael Saylor has been an ardent promoter of the asset, strategically scooping s...

What is Mars Ecosystem and USDm？ Mars Ecosystem is an innovative stablecoin ecosystem characterized by novel economic mechanism designs that offer sustainable and high yields to its users. Mars Ecosystem’s TVL has already surpassed $550 Million, and long before that, it has won the BSC MVB III September Monthly Star. Being selected as a Monthly Star means that Mars Ecosystem’s TVL, transaction volume, number of active users, community size, and growth are among the highest protocols in the entire BSC and are recognized, acknowledged, and appreciated by crypto experts. To eventually build the central bank and reserve currency of the DeFi world, the team is bringing to users Mars Treasury, Mars Stablecoin, and Mars DeFi protocols, together they form a positive feedback loop, constructing the whole Mars Ecosystem.  As many would already know, a stablecoin is a cryptocurrency whose price is designed to be pegged to a certain cryptocurrency, fiat currency, or exchange-traded commo...

WonderHero , a play-to-earn NFT Role Playing Game (RPG) is poised to launch its first-ever Mystery Box sale on the Binance NFT platform. Users can purchase and acquire these Mystery Boxes on the 30th of November, 2021. This Mystery Box sale marks another pivotal landmark for the blockchain game with Boxes ranging from two to five stars. The sale is facilitated by Binance NFT, a non-fungible token platform that is also the biggest centralized cryptocurrency exchange. Users purchasing the Mystery Box can acquire one of forty Mystery Box variations, with each Box containing 1 Hero, 1 Weapon, and 3 Equipment NFT assets. There are 5,000 boxes available for purchase, and 120 Mystery Boxes will have a five-star rating, making it a 2.4% chance to acquire one. Each Mystery Box is valued at $500 in BUSD, but during the sale on Binance NFT, the Mystery Boxes will be available for $150 in BUSD. WonderHero has successfully completed its Alpha Test, launch $WND token, wonderHero IDO, S...

Despite Bitcoin being accosted by a long list of headwinds that threaten to delay its ascent towards a new all-time high, Anthony Pompliano has once again restated his early prediction for the cryptocurrency reaching $100,000 before year-end. Speaking to CNBC on Monday, Pompliano, who has on several occasions stated that he has no plans of selling Bitcoin said that he was unwavering at the recent price pullback, affirming that it was normal. “I think really what people need to understand here is that just in 2021, there has already been six drawdowns over 20%,” he said, “It’s obviously a volatile asset compared to legacy assets… it’s part of the course if you will”. Bitcoin’s Ascent To $100,000 Is Nigh The pundit went on to discredit assertions that Bitcoin was poised to crumble noting that the continued adoption by various institutions would act as a catalyst to price hitting $100,000. “You have a finite asset the world is still waking up to, ” he continued. BTCUSD Chart by...

Zomfi, a Play-to-Earn NFT game, has finalized its seed and private round funding, raising a total of $2.6 million from prominent investors. These include Roseon Finance, X21 Digital, Everse Capital, Basics Capital, Magnus Capital, and Misfit Venture Partners. The funds, Zomfi notes, will be used to fund the game’s development, including the launch of its alpha phase in January 2022. And other than financial support, Zomfi also got the chance to connect with advisors and launchpads during the fundraising events. Allan Ta, Co-founder of Roseon Finance, remarked “we’re excited to support Zomfi and see where they go.  Zomfi is one of the few first games on the market that will change the landscape of what crypto games will look like and we look forward to working with the team to ensure they reach their goals and milestones.” Presently, Zomfi is under development on the smart contract-supporting Binance Smart Chain (BSC). It presents engrossing and unrivaled 3D gameplay, that blen...

Jack Dorsey, CEO, and Co-founder of Twitter is stepping down as the CEO of the microblogging and social networking service, according to a CNBC report . Currently serving as the CEO of two companies, Twitter and payment company Square, Dorsey had been on the cusp of being replaced in 2020 by Twitter stakeholder Elliott Management Corporation before reaching an understanding at the time. Under Dorsey’s leadership, Twitter has become a force to reckon with in the social media space with over 200 million active users monthly. With Jack Dorsey being an ardent Bitcoin proponent , Twitter has become the centric hub for crypto enthusiasts, dubbed ‘Crypto Twitter’. Dorsey’s payments company Square recently established a new department, TBD, which will be building a decentralized exchange (DEX) for Bitcoin. TBD was first announced in July without much clarification when Dorsey stated that Square would be building a new business focused on providing “non-custodial, permissionless, and dec...