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Instagram’s Search for an NFT Marketplace Indicate the Era of Social Media Based NFT Platforms is Around the Corner

Republished by Plato



Non Fungible Tokens (NFT) has become the talk of the crypto town this bull season after it attracted the attention of several mainstream celebrities. This bull season has given rise to several crypto phenomena, the most prominent being community-driven meme tokens and the craze around non-fungible tokens (NFT). The NFT mania this bull season is not just limited to crypto enthusiasts and has gained mainstream momentum with the likes of top athletes and celebrity artists auctioning their rare memorabilia and art using blockchain. The highest-grossing NFT artwork sold by an artist named Beeple was sold for $69 million.

Nafter is a unique take on the NFT mania that could potentially open up the gates for social media influencers to sell their posts in the form of NFT. It is an online marketplace for creators and fans to buy, sell, mint & collect content NFTs all in one web app. The platform could prove to be a game-changer for creators and influencers. It provides a way to monetize moments and unlock more value from every photo shoot. For fans, meanwhile, it’s an opportunity to own the compositions of your favorite creators and build your collection of must-have images, each represented as an NFT. NFTs are changing the way artists and fans interact. Now, thanks to Nafter, tapping into the growing demand for digital collectibles couldn’t be easier.

While NFTs are not a new use case in crypto and first came into existence back in 2018, it for sure has gained widespread momentum this bull season making it one of the go-to use cases for celebrities and artists to auction their high-value collections. Nafter promises to bring NFT to the masses with its marketplace that would allow minting and auctioning NFTs as simple as taking a photo and uploading it on social media.

Nafter Beats Instagram to Launch World’s First NFT Social Network

Instagram is one of the most popular social media and photo-sharing apps and as per the latest insider reports, the platform is looking to introduce a subscription and marketplace for NFTs. Instagram’s interest in the NFT marketplace indicates that social media-centered NFT use cases could be the next big thing in the crypto space. While Instagram is looking to dwell on the NFT arena, Nafter has already launched the world’s first and only NFT Social Network made for creators and fans, allowing them to buy and sell the content they create and collect. Nafter’s main goal is to build a strong community of supporters and to facilitate the use of the Nafter App.

Nafter has introduced three staking tiers for different types of users and content creators namely Fanboy, Influencer, and Celebrity, these levels will help to identify unique user-profiles and determine pool weights for staking rewards. There will be no lockups for staking. All stakers can stake and unstake without delay or waiting period. Additionally, there will not be an auto-compound function.

These staking Pools will be available for staking until the web app becomes available to the public. Once the web app is launched, it will transition to Creator Pool staking, where users and fans can stake on their favorite creator’s profiles in a “Popularity Contest” fashion, where the more popular the staked creator becomes, the more $NAFT a user will receive as an early staker!

Jonathan Sulay, Nafter CEO said,

“While the community waits for the highly anticipated Nafter App Launch, we want to introduce a nice incentive to all our holders in the meantime. Nafter Pools offers a safe place to stake your $NAFT and receive more $NAFT for simply staking in the pools.”

One of the beautiful things about NFTs is that no two are the same: that’s what makes them highly collectible. And because blockchain provides provable ownership of tokenized assets, there are no disputes over who owns a particular NFT: if it’s in your wallet, it’s yours and no one else’s. These tradable NFT’s give users a chance to gain notoriety and offer the highest return rate for $NAFT stakers.

Social Media Platforms Could Bring the Next Big Use Case for NFTs

NFTs first gained momentum through their use as fan tokens for major sports leagues are it premiere football clubs such as Barcelone and PSG or major basketball leagues. These NFT fan tokens allowed fans to participate in various off-field activities and also allowed them to win memorabilia from the respective clubs. In the initial stages after its popularity among celebrities, NFTs became a popular way for artists to launch and auction rare artworks. Now it seems social media could potentially become the next big use case for NFTs

The popularity of NFTs has led to many new platforms rising to offer minting services that help people convert their favorite or valuable art in the form of an NFT, but to gain real value these NFTs are required to be auctioned. Social media platforms could use NFTs for popular posts from celebrity influencers quite similar to meme tokens that have fetched millions in the auction.

Image by USA-Reiseblogger from Pixabay

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Ethereum Testnet Burns 88K ETH in Preparation for EIP-1559

Republished by Plato



Ethereum’s London hard fork launched on the Ropsten testnet on June 24 in preparation for the mainnet rollout in July.

The upgrade will usher in the implementation of the highly anticipated EIP-1559 modification that will adjust the Ethereum transaction fee calculation mechanism.

The next phase in the London hard fork rollout is deployment on the Goerli testnet which is scheduled for June 30. Following that, it will be launched on the Rinkeby testnet on July 7 and then mainnet later in the month.

Watch The Burn

Part of the EIP-1559 mechanism, aside from changing the fee auction structure, is to burn the “base fee” which will make the Ethereum economy deflationary over time.

A website called Watch The Burn has been set up to see this in action. At the time of press, 88,483 ETH had been burned on the testnet. This is equivalent to around $177 million at current prices.


Ethereum software solutions firm ConsenSys estimates that the annual supply change will be minus 1.6 million ETH. At current prices, this equates to the burning of $3.2 billion in ETH which will reduce the annual supply rate by 1.4%.

The deflationary properties of the network will be further compounded when proof-of-stake launches on mainnet for ETH 2.0 in 2022 some time and the asset is no longer mined.

In February, Predictions Global founder Ryan Berckmans detailed how, in his opinion, Ethereum prices could surge to five figures through these deflationary mechanisms. He argued that this effectively gives ETH back to holders and not miners as the asset increases in scarcity through fee burns.

Unfortunately, hopes of major gas savings from the upgrade have been dashed. ConsenSys confirmed that it was not the intent of the EIP, adding:

“As a side effect of a more predictable base fee, EIP-1559 may lead to some reduction in gas prices if we assume that fee predictability means users will overpay for gas less frequently.”

Ethereum Prices Lackluster

Ethereum prices had regained the psychological $2,000 level at the time of press. The asset has gained 4.2% on the day but remains in a downtrend.

CoinGecko has reported a 20% decline in the price of ETH over the past fortnight. The world’s number two crypto asset is currently 54% down from its all-time high of $4,350 on May 12.

So there may be a bit longer to wait before these properties of scarcity and demand are reflected in its price action.


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Leonicorn Swap to launch a viral campaign

Republished by Plato



The Leonicorn Swap platform has many features such as NFT, IDO, and Lottery, making it the most advanced AMM platform for customers. It is the best marketplace that offers all users trading opportunities with liquidity for their market projects. 

The best part of the platform is the ease of buying and selling NFT and raising other funds for all personalized projects, including IDO or IFO. It is decentralized with a natural network to provide advanced DeFi tools and products. 

The success of the platform, like any other blockchain startup, depends on its community. The community must be active, engaged in a proper manner, and passionate about all these features provided. The products and services offered by the crypto projects should offer the community an interceptive platform to trade and sell.

Viral campaigns are part of the success of making any platform surge high in the market.  Notably, the Lonicorn community has not disappointed. The community has massively taken up the different challenges with some getting the opportunity to win amazing prizes.

Leonicorn Swap on Twitter explains:

“More than 20+ #Twitter influencers joined together to promote our $20,000 worth of #giveaways campaign. We help the community aside from growing our project. Join our tg: Join our public sale whitelist:”

Viral Campaign with Gamified Contests

Leonicorn Swap is planning to organize a prize giveaway in their forthcoming public sale. The campaign awards attractive prizes with performance in the contests the community participates in. The prize is appealing in several ways. It offers a huge opportunity to provide financial service to projects and fits customers’ demands. 

The latest cash prize  was given nearly 24 hours ago and entailed: 

“$200 giveaway to 1 random user. Follow us and Retweet our Pin. And Join our TG: also Tag three friends in Comment. It will end in 24 hrs. RocketFire #LEONICORNARMY #BinanceSmartChain #BSC”

Other successful contests included quizzes, treasure hunts, and answers to clues that require revisiting existing content. It encourages the familiarity of the users with the projects on the platform. Furthermore, the contests are an excellent way to recruit more participants for a higher winning chance. The referral contests also offer a massive boost to the number of users. 

Community Challenges at the Public Sale 

The public sale starts from June 25 to June 30. With an allocation of a maximum of $3000 and a minimum of $50, it is easy to conduct community challenges for viral campaigns. The already existing and active community needs to have other exciting offers and optimism to increase their interests. 

The challenges go in handy with both games and quizzes, and in the current market era, meme challenges make a considerable impact. The DeFi space is awash with memes and technology that Leonicorn is interested in making their viral campaigns go overboard. 

A meme camping involves an invitation to community members to create different ideas and humorously share them. The highest shared and winning memes get prizes. 

The invite from Leonicorn Swap on Twitter states:

“This weekend, we will launch a viral campaign with the #LEONICORNARMY hashtag. Thanks to all who already joined our public sale whitelist. Let’s make it viral together. #BSC #BinanceSmartChain #LEONICORNARMY.”

Stay alert to receive all new updates from the Leonicorn Swap community to engage in these campaigns and win fantastic prices. You can find more information from the various social media platforms for the Leonicorn swap team and its massive community.

Media Contact

CEO- Mofassair Hossain
Company – Leonicorn Swap
Email- [email protected]

PR Contact-

Name- Sourav Ghosal

Company- News Coverage agency

Email- [email protected]

Team-  News coverage agency

Disclaimer: This is a paid post and should not be treated as news/advice. 

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Soku Swap: Providing a secure blockchain-based solution in the DeFi space.

Republished by Plato



The advent of blockchain technology and cryptocurrency has allowed millions of users across the world to achieve privacy, freedom, and stability. The idea of decentralization in the crypto space is to give users control over their funds, investments, and privacy without any interference from banks and third parties.

In addition to this, decentralization solves the problem of corruption, inefficient services, and systemic failures within the financial system. 

Soku Swap is a decentralized cryptocurrency exchange hosted on the Ethereum network, and Binance Smart Chain. It uses automated market-maker smart contracts to create liquidity.

Soku Swap has a crypto education system that offers free crypto classes, intending to reduce the spread of misinformation about cryptocurrencies, and allows users to make informed trades on their platform. Additionally, their 24/7 live chat assures users have all the help they need in making trades on the platform. 

The Soku Swap Platform 

What makes Soku Swap the choice of the crypto community is the fact that it addresses the most important pain point which is the high gas fee in the ecosystem. Gas efficiency is one of the core components achieved through the use of optimized AMM smart contracts. This allows Soku Swap to provide a 10% lower gas fee as compared to other exchanges.

This gas efficiency is shared by all the platform-supported cryptocurrencies that can be swapped. The addition of the Binance Smart Chain for making swaps makes it even more gas-friendly. Even in the current market flooded with NFT trades, Soku Swap allows users to enjoy low gas fees for their transactions. 

The liquidity of the user in the Soku Swap pools is managed through SOKU LP, the liquidity tokens issued by the platform. In essence, these tokens represent the liquidity of the user in the Soku pools. If the user stakes on Ethereum, they will receive ERC20 type SOKU LP tokens and for the users providing liquidity on Binance Smart Chain, the token is of BEP20 type. 

The purpose of having Liquidity Tokens is to provide further liquidity to the users as they can use these tokens to perform various financial activities without actually taking their liquidity out of the liquidity pools. This helps in two ways:

a. It allows users to gain interest on their staked amount while still being able to use the liquidity through the tokens issued. It will maintain the liquidity of the protocol.

The platform creates a truly decentralized environment through the availability of SOKU, the governance token that allows the Soku Swap platform to be truly decentralized. Anyone holding SOKU will be allowed to vote in critical decisions of the protocol such as upgrades or the future of exchange.

Furthermore, for the loyal or constant users who stake SOKU LP and complete a few trades on the exchange each week, a small portion of the trading volume will be allocated to them.

This acts as an incentivization model of the platform. With the growth of the exchange, the loyal users of the platform will also enjoy growth in their profits with the added trust of a truly decentralized environment. 

Features of Soku Swap 

The exchange offers various features that are all designed and intended to provide traders with the best experience. 

  1. AI flash loans are no longer for developers. Soku Swap makes it possible for users to make arbitrage trades without prior coding knowledge. Anyone who uses the platform can use them, allowing users to borrow assets without depositing collateral as long as the said amount returns to the protocol within the same block. If that fails, the transaction reverses as if it never happened. The most popular use case for flash loans is arbitrage trading. Users can benefit from price discrepancies across different exchanges and profit off of them. The platform allows users to see whether the arbitrage trades they wish to make will be profitable or not with the help of AI. 
  2. Soku Swap Boxes are another innovation that Soku Swap brings forward to help users capitalize on investment-worthy tokens. Every 2 weeks, the Soku Swap team will go through a list of the top gainers and trending tokens. Then, each token will be verified and researched before being included in the Swap Box. After that, users can buy packages ranging from $50 to $1,000 and select the number of tokens they would like to receive. The main idea behind this is to reduce the efforts that investors need to research.
  3. The token verification tool makes sure traders have all the education and information on a token before making any investments. Thorough research of tokens is done by the Soku Swap team, who then provide traders with a score for each token. The score relies on various factors such as liquidity, community, team members, contract codes, among others. The goal behind this feature is to prevent users from getting caught in scam coins.
  4. Moreover, users don’t have to worry about going through an extensive Know Your Customer (KYC) check. Since the exchange is entirely decentralized, there’s no need to provide any documents or verification. 
  5. 24-hour live on-screen chat for better customer support in the DeFi ecosystem. Live on-screen chat is a feature offered by many exchanges; however, it is not set to Soku Swap’s standard and full potential. Instead, Soku Swap focuses on taking care of their community members by providing instant support and results, something other platforms fail to do.
  1. Crypto awareness and education to help develop a deeper understanding. Soku Swap’s fun and easy-to-understand videos and articles allow users to learn about the crypto, blockchain, and DeFi industry. Furthermore, the platform incentivizes people by offering them rewards in SOKU tokens for taking part in these classes and for every successful referral. 
  2. Governance token to enable true decentralization. 

The SOKU Token 

The native SOKU token is a governance token that allows for all holders to vote on decisions on changes and updates to the DEX, and how network resources are allocated. The token also allows for processing fees for transactions and data storage, rewarding users for cryptocurrency education classes, staking, and providing liquidity. 

The SOKU token may be purchased during the initial exchange offering on LATOKEN June 23rd onwards. 

Catering to both the Ethereum and Binance communities, Soku Swap is a decentralized exchange that accommodates the needs of the ever-evolving cryptocurrency community. Soku Swap aims to make the DeFi space a safer place for all traders, new and experienced alike.

Stepping towards making blockchain-based solutions more secure than ever by researching newly listed projects on the exchange to review the validity of a token and provide crypto education.

This not only helps individual investors from capital loss but also saves the crypto ecosystem from potential hacks and scams while educating new users who are just getting into the cryptocurrency space.

Disclaimer: This is a paid post and should not be treated as news/advice. 

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