Tag: FinTech & Blockchain

Media Publishares and VIDY announce partnership to develop NFT platform for fashion, arts and music community

SINGAPORE, Apr 9, 2021 – (ACN Newswire) – Media Publishares, publishers of Vogue, Esquire, Robb Report and Buro in Singapore, announces a partnership with VIDY to launch and develop an NFT platform catering to the fashion, arts and music industry.

VIDY, founded by Singaporean techpreneur Matthew Lim and Harvard University alumni Patrick Colangelo, is a blockchain-powered digital advertising tool that rewards viewers with native cryptocurrency, VIDYCOIN. Having implemented VIDY's technology across Media Publishares' titles, the partnership between the two companies grew organically given their shared 'digital first' approach and innovative thinking.

The NFT platform – slated to launch in Q3 of 2021 – celebrates arts and culture within a 360-degree navigable virtual environment showcasing digital fashion, art, music and design. Key features of the platform include minting, trading and auctioning of NFTs through a tokenised system along with the ability to host social interaction.

Focused on building virtual creativity as a skill set while promoting sustainable consumption, the platform will donate a percentage of NFT sales towards organisations tackling real-world problems to ensure a positive connection between the virtual and physical worlds.

"The NFT market grew over 229% since 2020 to reach over USD500 million. However, it's still in early stages and has a long way to go with regards to infrastructure development. With the metaverse and rise of digital models, people will be able to live in a parallel virtual world where they can own a digital identity and purchase items not just in a digital file, but as any unique asset in their virtual land, similar to their physical world," says Lim.

"For this new NFT platform, VIDY will lead the technology and blockchain development given our unique experience in dealing with traditional businesses and crypto. We are confident we will create the finest platform that will boost the NFT world by allowing seamless participation from the traditional fashion, art and music communities."

The NFT platform will target a digitally savvy audience looking for luxury items with low environmental impact while also engaging creators exploring a virtual identity for their designs and new revenue streams for their craft.

"Media Publishares has always been ahead of the curve with its innovative approach to storytelling as lead by our anchor titles Vogue, Esquire, Robb Report and Buro Singapore", says Michael von Schlippe, President of Media Publishares.

"What we see is a new creative renaissance where creativity and technology are driving change together. By creating an NFT platform, which essentially acts as a virtual marketplace between creatives and users, it allows us to provide a unique shoppable platform coupled with content for the community in the form of education, interaction and entertainment," adds von Schlippe.

Titles under Media Publishares have gained global recognition for their approach to content creation. Notable projects include Esquire Singapore's 'Artificial Intelligence Issue' that won Gold at the Native Advertising Awards in Berlin and Vogue Singapore's digital-only launch in August 2020 with a 360-degree microsite 'Vogue Studio', amongst others.

About VIDY

Established in 2016, VIDY was a San Francisco based video web tech start-up company founded by Harvard Undergrad Patrick Colangelo and former Credit Suisse Investment Banker Matthew Lim. In 2018, VIDY started to incorporate blockchain technology into its product to allow a decentralized reward economy to exist seamlessly across its publishing partners. Today, Vidy's technology is used by over 70 global media publishers such as CNN Indonesia, CNBC Indonesia, Vogue Singapore, and Esquire Singapore among many others, with over 10bn of monthly page views of inventory, and a user exposure of over 150mn monthly. VIDY has two native cryptocurrency tokens; VIDY and VIDYX, both of which are integral to Vidy Rewarding, E-Commerce and NFT Ecosystem. For more information on VIDY, please visit www.vidy.com.

About Media Publishares

Media Publishares is a dynamic media company that specialises in impactful storytelling characterised by creativity, captivating visuals and the engagement of innovative technology. Headquartered in Singapore, Media Publishares, previously Indochine Media, has over 10 year's experience in digital communication, luxury print publishing, and events across Southeast Asia. A full-service publisher with over 80 employees in the region – from editorial and events to video and design production – Media Publishares operates in Singapore, Malaysia, Vietnam, Thailand and Philippines and is continuously expanding its portfolio to further strengthen its presence in the publishing industry. Anchor brands currently include Buro, Esquire, Robb Report, Luxury Guide and Vogue Singapore. For more information on Media Publishares, please visit www.mediapublishares.com.sg

Media contacts:

VIDY, Singapore
Matthew Lim
matthew@vidyasia.com
+65 9238 0988

Media Publishares, Singapore
Natasha Damodaran
n.damodaran@imv.com.sg
+65 8322 8851

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Media Publishares and VIDY announce partnership to develop NFT platform for fashion, arts and music community

SINGAPORE, Apr 9, 2021 – (ACN Newswire) – Media Publishares, publishers of Vogue, Esquire, Robb Report and Buro in Singapore announce a partnership with VIDY to launch and develop an NFT platform catering to the fashion, arts and music industry.

Founded by Singaporean tech-preneur Matthew Lim and Harvard University alumni Patrick Colangelo, VIDY is a blockchain-powered digital advertising tool that rewards viewers with native cryptocurrency, VIDYCOIN. Having implemented VIDY's technology across Media Publishares' titles, the partnership between the two companies grew organically given their shared 'digital first' approach and innovative thinking.

The NFT platform slated to launch in Q3 of 2021 celebrates arts and culture within a 360-degree navigable virtual environment showcasing digital fashion, art, music and design. Key features of the platform include minting, trading and auctioning of NFTs through a tokenised system along with the ability to host social interaction.

Focused on building virtual creativity as a skill set while promoting sustainable consumption, the platform will donate a percentage of NFT sales towards organisations tackling real-world problems to ensure a positive connection between the virtual and physical worlds.

"The NFT market grew over 229% since 2020 to reach over USD500 million. However, it's still in early stages and has a long way to go with regards to infrastructure development. With the metaverse and rise of digital models, people will be able to live in a parallel virtual world where they can own a digital identity and purchase items not just in a digital file, but as any unique asset in their virtual land, similar to their physical world," says Lim.

"For this new NFT platform, VIDY will lead the technology and blockchain development given our unique experience in dealing with traditional businesses and crypto. We are confident we will create the finest platform that will boost the NFT world by allowing seamless participation from the traditional fashion, art and music communities."

The NFT platform will target a digitally savvy audience looking for luxury items with low environmental impact while also engaging creators exploring a virtual identity for their designs and new revenue streams for their craft.

"Media Publishares has always been ahead of the curve with its innovative approach to storytelling as lead by our anchor titles Vogue, Esquire, Robb Report and Buro Singapore", says Michael von Schlippe, President of Media Publishares. "What we see is a new creative renaissance where creativity and technology are driving change together. By creating an NFT platform, which essentially acts as a virtual marketplace between creatives and users, it allows us to provide a unique shoppable platform coupled with content for the community in the form of education, interaction and entertainment," adds von Schlippe.

Titles under Media Publishares have gained global recognition for their approach to content creation. Notable projects include Esquire Singapore's 'Artificial Intelligence Issue' that won Gold at the Native Advertising Awards in Berlin and Vogue Singapore's digital-only launch in August 2020 with a 360-degree microsite 'Vogue Studio', amongst others.

About VIDY

Established in 2016, VIDY was a San Francisco based video web tech start-up company founded by Harvard Undergrad Patrick Colangelo and former Credit Suisse Investment Banker Matthew Lim. In 2018, VIDY started to incorporate blockchain technology into its product to allow a decentralized reward economy to exist seamlessly across its publishing partners. Today, Vidy's technology is used by over 70 global media publishers such as the likes of CNN Indonesia, CNBC Indonesia, Vogue Singapore, Esquire Singapore among many others, with over 10bn of monthly page views of inventory, and a user exposure of over 150mn monthly. VIDY has two native cryptocurrency tokens; VIDY and VIDYX, both of which are integral to the Vidy Rewarding, E-Commerce and NFT Ecosystem. For more information on VIDY, please visit www.vidy.com.

About Media Publishares

Media Publishares is a dynamic media company that specialises in impactful storytelling characterised by creativity, captivating visuals and the engagement of innovative technology. Headquartered in Singapore, Media Publishares, previously Indochine Media, has over 10 year's experience in digital communication, luxury print publishing, and events across Southeast Asia. A full-service publisher with over 80 employees in the region – from editorial and events to video and design production – Media Publishares operates in Singapore, Malaysia, Vietnam, Thailand and Philippines and is continuously expanding its portfolio to further strengthen its presence in the publishing industry. Anchor brands currently include Buro, Esquire, Robb Report, Luxury Guide and Vogue Singapore. For more information on Media Publishares, please visit www.mediapublishares.com.sg

Media contacts:

VIDY, Singapore
Matthew Lim
matthew@vidyasia.com
+65 9238 0988

Media Publishares, Singapore
Natasha Damodaran
n.damodaran@imv.com.sg
+65 8322 8851

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Deltacore Capital, LLC launches Deltacore Digital Global LP

AUSTIN, TX, Apr 7, 2021 – (ACN Newswire) – Deltacore Capital, LLC, the crypto-firm managing Deltacore Digital Assets LP, a hedge fund that trades crypto-assets, has announced Deltacore Digital Global LP, a 506(c) overseas hedge fund offering international clients access to Deltacore's proprietary investment strategy, which has yielded 560.9% since its inception in April, 2018. Austin-based Deltacore has been at the forefront of cryptocurrency trading in the United States, and is now placed to offer this opportunity to individuals and institutions around the globe.
Deltacore Capital LLC, an award-winning Austin, TX-based hedge fund firm focusing on digital (crypto) assets.(www.DeltacoreCapital.com)



Deltacore employs proprietary solutions that give it a unique advantage in the digital asset market. In addition to its research-driven, risk-managed investment strategies, Deltacore utilizes multiple verticals to complement its primary strategy, delivering upside during market volatility. Nor does it take a single-step approach to a market that is evolving daily. Deltacore has developed a technical trading strategy, focused on momentum and event-driven trades, using lending, staking, and other decentralized (DeFi) strategies to capture additional yield. The team is dedicated to providing clients full exposure to digital assets, with the risk management structure inherent in a traditional hedge fund.

This has placed Deltacore Digital Assets LP in the top 40 of all 13,338 reporting funds by measure of its 2020 net performance according to Preqin. Deltacore Digital Assets has received multiple recognition awards as well for net monthly returns and ranks among the top 10, BARCLAYHEDGE Cryptocurrency by Sharpe ratio, over a rolling 12 month period.

"We're not here to predict markets, we're here to be prepared for markets. Regardless of what happens, there's always an opportunity. Preparation and proactive strategies keep us running during the toughest of times," said Mark Palomba, Founder, CIO and General Partner at Deltacore Capital.

The launch of Deltacore Digital Global LP marks a step in the continued growth of Deltacore Capital, and the cryptoasset market generally. With top economists and institutions moving into the cryptocurrency space, and the world moving towards mass adoption, the market for digital assets is only in the beginning stages. What was a relatively unknown investment vehicle a few years ago has recently become an essential addition to any portfolio. To learn more about Deltacore Capital LLC, please visit www.deltacoredigital.com.


Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Tiger Brokers Singapore Achieves 100% Growth in Account Openings for Three Consecutive Quarters in 2020; Continues to Focus on Untapped Gen Z Market

SINGAPORE, Apr 6, 2021 – (ACN Newswire) – Tiger Brokers Singapore, the Xiaomi-backed online trading platform, today revealed continued exponential growth and momentum among its user base in Singapore. The online and mobile-focused brokerage saw 100% growth in customer accounts for three consecutive quarters in 2020.

Wu Tianhua, Chief Executive Officer of UP Fintech Holding Limited shared, "The total addressable market in Singapore is huge. The country has one of the highest rates of digitalisation in the world, and a nation-wide preference for digital banking which is supported by high tech infrastructure and key fintech initiatives led by the government, making it a very attractive and relevant market for Tiger Broker's services. This is a market that has huge potential for us, and we are working hard for incremental market growth, especially focused on younger Singaporeans who are getting more savvy with their investment needs."

Eng Thiam Choon, Chief Executive Officer of Tiger Brokers Singapore, also shared, "Compared to a decade ago, trading seems to be out of reach to many. However today, we are seeing an increasing number of individuals, as young as Generation Z, beginning to explore online investing as a viable financial lifestyle choice. People are more aware of the trends and developments in global economies and changes in business landscapes today.

"Tiger Brokers Singapore saw an overall shift in user digital experience driven by the pandemic and recognised the need to keep pace with its investors' demands by differentiating and expanding its services. In 2020, the platform has onboarded two exchange platforms – Singapore Exchange and Australian Securities Exchange, bringing the total number of exchanges available to Singapore investors to six across five countries. This access, especially to US markets, has been a huge value-add to its investors."

It has also focused on creating convenience for its users; working with bank partners to help create a seamless payment system; working with technology partners such as Iress, one of the largest and most active online trading communities; TradingView, strengthening Tiger Brokers' community engagement; and lastly, the launch of Tiger Brokers latest Fund Mall product that allows everyday-investors access to popular public funds. Tiger Brokers recently partnered with OTC Markets Group Inc. (OTCQX: OTCM) to provide customers with detailed insights and make more informed trading decisions on the OTC markets.

"At Tiger Brokers, our objective is to provide an array of financial and educational tools to support the new generation of investors in their investment journey. Our fantastic Q4 result would not be made possible without the support and faith of our Singapore and regional investors. As we remind investors to diversify their investment, we hope to continue bringing value-added investment opportunities to our current investors, while attracting the new ones," shared Thiam Choon.

Tiger Brokers – Growing strong and steady

Tiger Brokers Singapore's parent company, UP Fintech Holding Limited (NASDAQ: TIGR) or Tiger Brokers (including all of its subsidiaries and consolidated entities), shared their unaudited financial results for the fourth quarter and the year ended December 31, 2020 with total revenue at US$47.2 million, a 136.5% increase from the fourth quarter of 2019. The total number of customers globally with deposits increased by 128.4% year-on-year to 258,700 in 2020. The global platform also added 44,000 funded accounts in the fourth quarter, 3.9 times the number of new funded accounts in the same quarter of last year; the total number of funded accounts doubled in 2020 to reach 258,700. Tiger Brokers' account balance increased by US$5.0 billion in the fourth quarter and reached US$16.0 billion, an increase of 215.9% since the end of 2019.

Tiger Brokers continues to serve investors worldwide, offering access to fast trade execution and competitive transaction fees. It will continue to offer complimentary real-time stock quotes with no hidden costs, multilingual customer service during trading hours and 24/7 finance news updates. Tiger Brokers hopes to add more trading options on top of the current investment options such as Equities, ETFs, Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), and Fund Mall. They look to add new exchange platforms to their existing six – the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers (Singapore) Pte Ltd is a brokerage firm operating with a CMS Licence from the MAS. Its Tiger Trade platform offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering a mobile-savvy generation of retail investors similar trading opportunities as online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), and Fund Mall on their mobile phones. Tiger Trade allows users to invest across multiple asset classes on the US, China, Hong Kong, Singapore and Australian stock markets [such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).]

Tiger Brokers (Singapore) is the Singapore entity of UP Fintech Holding Limited, known as Tiger Brokers in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded 2017 Fintech 250 by CB Insights and shortlisted for China Leading Fintech 50 for two years in a row by KPMG China. The company was listed on NASDAQ as TIGR in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1 million customers worldwide, with a total trading volume exceeding USD219 billion in 2020. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg.

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com or media@tigerbrokers.com.sg

This article has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients ("Prospects") are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects' investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

Tiger Brokers (Singapore) Pte Ltd (herein "Tiger Brokers") may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient's information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

XFai Momentum Leading to Defi Disruption

SEATTLE, WA, Apr 1, 2021 – (ACN Newswire) – Ever since the private sale, XFai has continued to gain in momentum and considerable interest from not only those who wish to use XFai's technology to further strengthen their business interests but also from key players and luminaries within the blockchain industry. Today, the team at XFai is happy to announce that Roger Ver, one of the key early believers of Bitcoin and blockchain technology and the CEO of Bitcoin.com, has partnered with XFai through a strategic investment.



While both XFai's launch method and the DEX Liquidity Oracle are far from the norm, we are glad to witness a wave of support from experts within the field who are knowledgeable about the technical brilliance and also endorse the vision of XFai. The strong show of support from the key industry leaders was further strengthened during the private sale of XFai's native XFIT token, as the private sale witnessed a raise of $3.8 million US dollars within just 12 hours, making the XFai private sale as one of the largest, most successful raises within the recent DeFi ecosystem. We strongly believe that the key driver to XFai's continued success is found in the ability of XFai's Potentializer and DLO (DEX Liquidity Oracle) to fill the ever-increasing gap between the large tokens and the small to mid-cap tokens when it comes to the chances of these tokens being included to reap the benefits of Defi.

"XFai stood out to me due to the potential of their oracle to unlock incredible opportunities in the space. XFai enables actual decentralization by allowing small and mid-cap tokens to finally have a seat at the table. I look forward to watching XFai become a game-changer in the Defi space by providing a solid foundation for future projects to build upon," says Roger Ver, CEO of Bitcoin.com

As Mr. Ver has mentioned, XFai is focusing on enabling actual decentralization. We strongly believe that the main driver of true decentralization must begin with inclusiveness that can be transformed into true strength within the market. The upcoming XFai's XFIT Liquidity Generation Event (LGE) on April 8th is thus designed to welcome all interested community members to join the DeFi revolution led by XFai in a fair and efficient manner, while removing hurdles such as multiple transactions and high gas fees.

The team at XFai wholeheartedly welcome the support of Mr. Ver in the power of XFai to invite small and mid-cap tokens to the larger DeFi narrative and benefits, and look forward to working in close cooperation in continuing to offer the much-needed revolution to the untapped 250 Billion US Dollar market size of the small and mid-cap tokens.

About XFai

XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DLO is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai's native token, XFIT, is set to launch on 8th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.

Source: Plato Data Intelligence
Source Link: bit.ly/2OdpInX

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Digital asset management agency Blofin raises US$10 million in A+ round investment, led by Susquehanna International Group (SIG)

BEIJING, Mar 31, 2021 – (ACN Newswire) – Blofin has raised US$10 million in its series A+ round of financing, led by SIG, followed by Matrix, Lingfeng Capital, Superchain Capital, Jackdaw Capital and others.
Digital asset manager Blofin has raised US$10 mil A+ round investment led by SIG.



At present, Blofin's current global assets under management (AUM) has reached US$120 million, and averages an aggregated monthly trading volume throughout all crypto of over US$14 billion. As a Cayman Island registered digital asset management agency, its proprietary quantitative database covers over 40+ exchanges worldwide through real-time data and is connected with over 200 global quantitative trading teams.

With this new round of financing, Blofin will work to cover more trading platforms, service additional trading institutions around the world, enhance data mining efforts, and optimize investment models. Blofin is close to securing additional digital asset management licenses for Hong Kong, Singapore and other global financial centers around the world.

As Blofin continues to expand its business, please feel free to reach out at any time!

Media Contact:
https://www.linkedin.com/company/blofin-digital-asset-management/


Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Defi Venture XFai Reveals Liquidity Generation Event, Project Backed by Angel Investor Roger Ver

SEATTLE, WA, Mar 31, 2021 – (ACN Newswire) – Decentralized finance (Defi) has seen extreme demand and innovative use-cases during the last 12 months. Defi oracles, decentralized exchange (Dex) platforms and automated money makers (AMM) have swelled in value, as statistics show over $43 billion is locked into Defi protocols today. Meanwhile, a new project has recently stepped out of the gate called XFai, a Dex liquidity oracle that aims to capture untapped liquidity from small to medium cap tokens. On April 8, 2021, XFai plans to host a Liquidity Generation Event (LGE), and this week it was announced that Bitcoin.com's founder and angel investor Roger Ver has invested in XFai.



XFai's Dex Liquidity Oracle Aims to Empower Decentralized Finance and Capture Untapped Liquidity

Defi concepts and decentralized exchanges are all the rage these days, and a great number of Dex platforms have outperformed their centralized exchange (Cex) counterparts. Today, data shows the total value locked (TVL) into Defi is over $43 billion, and Dex protocols like Uniswap, SushiSwap, and Curve.fi are seeing significant trade volume. Statistics show that $1.7 billion was swapped on Dex platforms in the last 24 hours, and $12 billion traded during the last seven days.

Now there's a new Defi project on the horizon called XFai that's planning to launch in the near future. The protocol leverages its unique Dex Liquidity Oracle (DLO) for small to medium cap tokens. XFai"s goal is to develop tools by graphing the Defi space and release game-changing decentralized products.

The project has published a comprehensive white paper that provides XFai's documentation and insight into the protocol design. The team is launching a native coin called the XFIT token and the project's Dex Liquidity Oracle, or DLO for short, aims to be a game-changer. The DLO tech can help low-capitalized tokens gather attention and significantly increase token liquidity.

"XFai's cutting-edge technologies such as the Potentializer and the DLO (Dex Liquidity Oracle) allows small and mid-cap token holders to join a large liquidity pool that charts centralized exchanges, and provides the same – if not more optimized – liquidity depth in decentralized exchanges," the XFai developers explained to Bitcoin.com's newsdesk.

Furthermore, the team detailed that XFai has enabled an anti-slippage tool to ensure that traders can freely complete transactions without being trapped, while removing the need for automated market makers (AMM). XFai's DLO description explains: To encourage more users to participate in liquidity provision, XFai has developed a one-step liquidity addition method, dramatically reducing the hassle and the gas fees involved with liquidity farming. In return, liquidity providers can earn protected APY.

Roger Ver Backs XFai for the future of Defi infrastructure

The vast number of Defi projects in the space today focus solely on the top tier of the tokens by market cap, and centralized exchanges operate in the same manner. XFai's team hopes to open more doors for tokens with small to medium caps and offer them a "seat at the Defi table." The project has already attracted a number of investors including venture funds, and more recently Bitcoin.com's founder and angel investor Roger Ver has decided to back the XFai project.

"XFai stood out to me due to the potential of their oracle to unlock incredible opportunities in the blockchain space," Ver said speaking about the investment. "XFai enables actual decentralization by allowing small and mid-cap tokens to finally have a seat at the table. I look forward to watching XFai become a game-changer in the Defi space by providing a solid foundation for future projects to build upon," the Bitcoin.com founder added.

Ver is one of the earliest investors in the bitcoin space, and has been promoting blockchain technology for well over a decade. The undisclosed investment into XFai stems from Ver's personal investment arm. The XFai LGE is set to go live on Thursday, April 8 and the team stressed that it was "designed with feasibility and simplicity in mind." Bitcoin.com readers can check out more information about this Defi concept via the project's website, Telegram channel, social media feeds, and interested developers can look at the project's Github repository.

"We invite everyone to join XFai in making Defi more accessible, open, and economically empowering, starting with the XFai LGE," the XFai creators conclude. "The [XFai LGE] user interface is intuitively laid out, while the involved operations are combined into one single click. We believe this will result in the opportunity for even those who have never participated in liquidity mining to join in a stress-free manner, and reap the benefits of high APY and the explosive potential of XFIT."

Web: https://Xfai.com
Medium: https://xfai-official.medium.com/about

Source: Plato Data Intelligence
Web: bit.ly/3dmAVLp

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moonstake Enters into DeFi Market together with Muse.Finance

SINGAPORE, Mar 31, 2021 – (ACN Newswire) – Today, Moonstake is proud to announce the entry into the DeFi market together with Muse.Finance.



The Staking and DeFi Boom in 2020, Top Staking Provider Moonstake Joins The DeFi Space

In January, 2021, Moonstake officially announced its entry to the DeFi sector. Today, with over 800 million USD in total staking assets, Moonstake is the top 8 biggest staking provider in the world. In less than one year since launch, Moonstake achieved rapid growth in both product development and a strong positioning in the market. Moving towards the DeFi sector, Moonstake welcomes applications from DeFi products looking to connect to its powerful staking network.

Though the concept was almost unknown back in 2019, the decentralized finance (DeFi) ecosystem has experienced an explosive growth in 2020. According to DeFi Pulse, while it took almost two years for DeFi deposits to reach USD 1 Billion in Total Locked Value (TVL) as of Q4 2019, it took less than six months (March to July 2020) for DeFi TVL to spike from ~USD 550 million to ~USD 4 billion (~727% increase). Today, the DeFi TVL sits at $42.6 billion.

As of 29 March 2021, the market cap of all Proof-of-Stake (PoS) protocols is $450 billion and the total value locked in staking is $127.66 billion. In August 2020 when interest in DeFi was rapidly increasing, it was forecasted it should take from 3 to 5 years for the value of staked assets to surpass $100 billion due to increasing adoption of PoS grows, but it was achieved within only a year.

What is Muse.Finance and How Does It Fit into The Moonstake Ecosystem?

Muse.Finance is a Decentralized Platform where crypto users can receive staking rewards while gaining interests of lending through wrapped assets, and at the same time participating in the yield farming. Its ecosystem, which consists of Muse Swap, Muse Lending, and Muse Wrap, enables a liquid PoS platform that integrates the ERC-20 DeFi Ecosystem with Ethereum 2.0, starting from Cardano and expanding to Polkadot, Solana, Oasis, Terra, Centrality, and more using advanced cross-chain technology.

Muse.Finance initially links non ERC-20 assets with the ERC-20 ecosystem, allowing owners of staked assets on platforms such as Cosmos, IRISnet, Cardano, etc. to participate in lending, liquidity mining, and yield farming, which eventually enables connecting other chains. The platform will also be highly scalable thanks to being linked to the staking pools operated by Moonstake. Having completed its PoC, Muse.Finance currently has a working MVP and along with its Roadmap, wrapper and swapping will be launched in May 2021, and the yield farming and the lending functionality will be added within this year. The concept paper of Muse.Finance is available here ( https://muses.finance/assets/file/Concept%20_Paper_Ver.%201.0.pdf ).

Muse.Finance is a project by Shogo Ishida, the Senior Advisor of Moonstake. He is also known as former CEO of QRC, the esteemed blockchain and RegTech firm that sponsored the world's first Security Token Specification provides for the technical specification and cross-blockchain publication of security tokens, covering tokens issued on any distributed ledger system, independently facilitated and published by BSI, the UK National Standards Body.

Shogo Ishida, the Founder of Muse.Finance says: "Lending, liquidity mining, and yield farming are all high-demand applications of DeFi today. Muse.Finance has been developed to enable the community access to these valuable DeFi services within a robust ecosystem with world-class scalability thanks to integration with the Moonstake staking pools as official partners. After much hard work, we're excited to finally show you the value of Muse.Finance this year. Please look forward to Muse.Finance's major roadmap developments throughout this year."

Mitsuru Tezuka, Founder of Moonstake says: "Moonstake is entering the DeFi market with Muse DeFi to facilitate and expand access to DeFi by working to resolve staking illiquidity. We will also be widely accepting applications from DeFi products that wish to connect to the Moonstake platform. As one of the top 10 global staking providers trusted by investors and wallet users across the globe, Moonstake's connection with DeFi through Muse.finance will support the development and dissemination of high-quality DeFi products through our powerful network."

Looking Ahead

The launch of Muse.Finance marks Moonstake's first entry to the DeFi market with a unique cross-chain platform that enables people to participate in valuable applications of DeFi including lending, liquidity mining, and yield farming.

Muse.Finance will launch its first products in May, Wrapper and Swapping. Then, it will gradually reinforce its DeFi platform with Lending Platform and Yield Farming within this year. The roadmap is available here ( https://muses.finance/assets/file/Muse.Finance.pdf ).

Learn more about Muse.Finance here: https://muses.finance

About Muse.Finance

Muse.Finance is a Decentralized Platform where crypto users can receive staking rewards as well as participate in wrapping, swapping, lending, and yield farming to gain benefit. Its ecosystem, which consists of Muse Swap, Muse Lending, and Muse Wrap, enables a liquid PoS platform that integrates the ERC-20 DeFi Ecosystem with Ethereum 2.0, starting from Cardano and expanding to Polkadot, Solana, Oasis, Terra, Centrality, and more using advanced cross-chain technology. Muse.Finance also links non ERC-20 assets with the ERC-20 ecosystem, allowing owners of staked assets on platforms such as Cosmos, IRISnet, Cardano, etc. to participate in lending, liquidity mining, and yield farming. https://muses.finance

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia's burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan's biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore-listed company. Industry's reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 800 Million. https://www.moonstake.io/

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

AU21 Backs XFai’s Reimagined Future of DeFi

Washington, Mar 30, 2021 – (ACN Newswire) – AU21, one of the most reputable venture capital firms in the world focusing on blockchain and digital assets, has decided to partner with XFai through a strategic investment. The partnership comes at an important time, as XFai's proposed changes in the DeFi space are quickly gaining momentum as the project's public token sale — referred to as Liquidity Generation Event (LGE) — is quickly approaching. AU21 is proud to be bound to XFai by providing its support and access to its network for XFai to reach a wider audience within the DeFi space and help revolutionize the industry.



XFai is a project set to chart a new course for how investors and projects interact within the DeFi ecosystem. It develops various tools that chart the liquidity depth and the order book of both DEX (decentralized exchanges) and CEX (centralized exchanges). Using its native-built DLO (DEX Liquidity Oracle), XFai shifts the liquidity between DEX and CEX dynamically to allow investors on DEX to benefit from free-flowing token liquidity, ultimately freeing the investors to enjoy optimized trading grounds on decentralized exchanges. XFai's DLO is equipped with anti-slippage technology and an efficient one-sided provisioning, allowing both investors and liquidity farmers to minimize costs while enjoying transparency that shows the actual impact of their trading actions. Moreover, DLO allows partnered small and mid-cap tokens to benefit from APY earnings, allowing holders and projects to gain a bolstered income by choosing to stake their tokens in the liquidity pool.

AU21, the newest investor to be announced as part of XFai's increasing list of stellar venture capital partners, has an impressive track record of leading projects to astounding success. Founded in 2017, AU21 quickly rose to become one of the most renowned names in the blockchain space. The venture capital firm has been involved in the success of various projects such as the Graph, Synthetix, Centrifuge, Polkadot and Elrond.

"We are proud to announce our backing of XFai and their autonomous liquidity management solution for cryptocurrencies. The DEX Liquidity Oracle achieves several technological milestones in decentralized liquidity provision, and will serve to create a more efficient and accessible marketplace for digital assets," comments AU21.

About AU21

XFai is set to open the doors to public investors on April 8 through its Liquidity Generation Event (LGE). Unlike traditional Token Generation Event (TGE), the LGE is designed to allow participants to purchase the XFIT tokens and stake them in the liquidity pool in one step and one interface, compared to the normal procedure which would involve up to 4 steps and the hassle of navigating multiple interfaces. The unique launch mechanism, developed by XFai, is expected to set a new standard on how tokens are offered to the public. The LGE also dramatically lowers the likelihood of failed transactions, protecting the participating investors from paying high gas fees for those transactions. Moreover, the one-step mechanism is designed to save the participants from paying exuberantly high gas fees, which has been severely affecting the recent DeFi space. XFai's XFIT LGE is set to launch on April 8, 2021.

We thank the support of AU21, and look forward to changing the current DeFi landscape for the better through the guidance of AU21.

About XFai

XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DLO is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai's native token, XFIT, is set to launch on 8th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.

Source: Plato Data Intelligence: https://platoblockchain.net/ (bit.ly/3cuY52V)

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

UREEQA Advisory Board Welcomes Music Industry Leader Kevin Leflar

ONTARIO CA, Mar 30, 2021 – (ACN Newswire) – His roster of clients is impressive and includes the likes of James Taylor, Santana, Mark Knopfler and Dire Straits, and the list goes on. Kevin Leflar, co-founder, president and CEO of officialCOMMUNITY – has seen it all. Spending 30+ years straddling both the music and technology worlds, Leflar has become one of the best-known authorities on the impact of digital technology on the music industry.


Leflar's List of Clients



Launching his career as a band manager in his early 20s, sending demo tapes to music labels and ultimately representing a Juno award-winning artist, Leflar spurred a bidding war landing him one of the biggest deals in Canadian history. By his mid-twenties, he had his own label, was offered bands and musicians to manage and could have written his own ticket in the industry.

Leflar's interests and career took a turn into the tech sector pre-Y2K, working on what he describes as "Web 1.0," where software developers were considered somewhat rock stars – in their own right. After igniting his passion for all things Internet technology, contributing to the growth of a company from five to 350+ employees in only four short years, he ventured off on his own – bringing his two interests together with the birth of officialCOMMUNITY. officialCOMMUNITY is an online event-driven brand management agency that uses technology to empower established recording artists to acquire, serve and connect with their fans as lifelong, direct customers and community members.

Considered a rock star by his programmers and a self-described nerd to his rock star clients, Leflar landed on the world stage by working with legends Elton John, Bob Dylan, George Michael, Roger Waters and Sam Smith.

Recognizing that artists' fame can be a double-edged sword, he felt compelled to become involved with organizations dedicated to improving Canadian musicians' profile and rights. He subsequently represented a collection of recording artists before the Canadian Copyright Board and worked with international consulates as a Canadian ambassador of music.

"Leflar's background is certainly unique," commented UREEQA CEO Harsch Khandelwal. "It's not every day that an individual spends his days thinking up events like golfing with Alice Cooper, and then spends his evenings thinking about intellectual property rights and how technological advancements could impact the industry and his clients' livelihood."

It is here that his passion, values and interests align with UREEQAs vision – that by leveraging technology, and blockchain, UREEQA can protect a Creator's Work, Rights and Revenue. "UREEQA understands that this is an international problem and we're assembling a team that we think can make a difference, that can change Creators' lives," Khandelwal added.

"The music industry has its flaws," noted Leflar. "Creators need a way to protect what's theirs and it's clear to me that UREEQA is on the right path. That's why I'm excited to join their team as a member of the UREEQA Advisory Board."

Khandelwal echoed Leflar's excitement about joining the Advisory Board, adding that "It's clear to me that Kevin is there for the music industry, he's dedicated his life to the interplay between music and technology, and most importantly, he cares about the recording artists. Kevin is a perfect fit as the latest member of the UREEQA Advisory Board."

About Kevin Leflar

Kevin Leflar is the co-founder, president and CEO of officialCOMMUNITY. officialCOMMUNITY empowers established recording artists including James Taylor, Santana, Jackson Browne, Bonnie Raitt, Sarah McLachlan, Mark Knopfler and Dire Straits to acquire, serve and connect their fans as lifelong, direct customers and community members.

officialCOMMUNITY conducts direct sales in each artist's name through their official website using only their brand. Our artist's teams manage the official social media presence and operate as stewards of the artist's brand online.

Mr. Leflar has an extensive background as a technologist and consultant, musician and music industry innovator. https://www.officialcommunity.com

About UREEQA

The UREEQA platform strives to protect creators' work, their rights and their revenue by harnessing the power of blockchain technology.

Established in Canada in 2020, UREEQA will modernize the inefficient and bureaucratic systems currently in place for copyright, patent, industrial design and trademark protection. By building a robust and compelling Package of Proof for source creative work, UREEQA only mints Validated NFTs to represent creative rights. This helps keep buyers safe by giving them confidence that the work they are purchasing was minted by the smart contract approved by the creator of the work and is therefore authentic.

UREEQA provides value and opportunities for its Creators, Validators and Tokenholders via URQA, the token at the heart of the UREEQA ecosystem.

For more information on UREEQA and upcoming announcements please visit our website UREEQA (https://www.ureeqa.com/), join our Telegram channel here (https://t.me/UREEQA), and follow us on Twitter here (https://twitter.com/UREEQA_Inc).

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com