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Tag: DEXes

Unicrypt Network Unveils Strategic Partnership with CoinStats

The collaboration kicked off with the pioneering implementation of liquidity lockers, allowing users to track Unicrypt liquidity locks from the CoinStats app in real-time. The mutual integration will allow investors and traders to view and monitor liquidity locks for their favorite altcoins on leading DEXes like Pancakeswap and Uniswap. 

On the other hand, the Unicrypt community can directly access the CoinStats suite of tools via a user-friendly desktop app. Crypto proponents can use CoinStats to view, track, and research coins they are interested in from all tokens, pairs, and locks pages on Unicrypt.

The collaboration is beneficial for both user bases, marking the beginning of an exciting journey. The CoinStats and Unicrypt teams plan to add more technical integrations that bring substantial added value to both communities while offering investors advanced DeFi mechanics.

About Unicrypt

Unicrypt Network is a multi-chain protocol offering users a broad spectrum of decentralized services that instill investor trust in the DeFi ecosystem. The platform's suite of services brings value to the DeFi space by delivering custom, disruptive, and fully audited tech.

Unicrypt has developed a first-of-a-kind decentralized ILO Launchpad that helps upcoming projects get the best possible start to their journey. 

The project also offers a liquidity locking function that solves the issue of dwindling confidence in DeFi by allowing token developers to lock liquidity for a preset period, guaranteeing their project's longevity and value. This solution protects crypto investors from rug pulls and exit scams, fostering the widespread use of decentralized finance applications.

What's more, Unicrypt integrates a revolutionary farm-as-a-service Dapp that offers crypto enthusiasts LP rewards for contributing liquidity to the protocol's pool. The multi-service platform also offers staking and token vesting services designed to incentivize the DeFi community and create a sustainable ecosystem.

Connect with the Unicrypt community and stay on top of all upcoming partnerships and developments via the platform's TwitterDiscord, and Telegram pages.

About CoinStats

CoinStats is an all-in-one platform that allows users to manage their DeFi and crypto assets. Launched in 2017, the leading cryptocurrency portfolio tracking app allows both experienced and novice investors to view, track, and manage their digital assets in real-time.

Users can also trade from multiple accounts/wallets on the most popular exchanges and earn up to 20% APY on their crypto investments from one convenient dashboard.

The secure portfolio tracker app offers accessibility and convenience in managing digital assets for over 1.5 million active users from across the world. The platform is used for managing $500+ billion worth of crypto and has handled over 500 million transactions and trades so far.

Users can keep track of 20,000+ coins and get 24/7 live reports on the crypto market via the CoinStats app. To connect with the vibrant CoinStats community, please follow the social media pages below:

Twitter | Telegram | Discord | Instagram | Facebook | Reddit 

$ADA: All You Need To Know About Mainnet Launch of ‘The Sweetest’ DEX on Cardano

This article covers the most important details that you should know about the upcoming mainnet launch of SundaeSwap, which calls itself “the sweetest decentralized exchange on Cardano”. What Is SundaeSwap ($SUNDAE)? SundaeSwap is “a native, scalable decentralized exchange and automated liquidity provision protocol”. It is backed by cFund (“an early-stage sector agnostic venture firm in the Blockchain […]

The Defiant’s Go-To Guide to OpenSea Challengers

A bevy of NFT marketplaces are challenging OpenSea's domination with a number of features.

5 Best Layer 2 Crypto To Buy For Long Term Returns January 2022 Week 2

Layer 2 crypto are in high demand in the crypto space because of their high scalability and low prices. The potentials in these assets have [...]

Frontrunning – DeFi’s Dirtiest Secret

This article explains what frontrunning is, how it negatively affects the DeFi sector, and what you can do to avoid getting your DEX transactions frontrun. What is frontrunning? Whenever you use a decentralized exchange to swap tokens, the price of the token you buy increases slightly. This is called slippage and for most retail traders, […]

The post Frontrunning – DeFi’s Dirtiest Secret appeared first on CryptoCoin.News.

Scams and Rug Pulls Took Over $7.7 Billion From Crypto Investors This Year

Bad actors caused over $7.7 billion in losses from cryptocurrency scams in 2021, an 81% increase from 2020, according to a new report from blockchain insights company Chainalysis. Chainalysis explains that the decrease from two years ago was largely due to the relative absence of crypto ponzi schemes last year, and the reemergence of them […]

The post Scams and Rug Pulls Took Over $7.7 Billion From Crypto Investors This Year appeared first on Coin Bureau.

Metaface Gaming Ecosystem: Features and Benefits For Gamers

One catalyst of the recent growth in gaming is the adoption of blockchain and NFT. Now, more than ever, it's easier for gamers to make an income while gaming. The concept of Play to earn is gaining popularity as new NFT games come up every other month. One such platform is Metaface. 

Metaface defines itself as a decentralized gaming network with a free-to-earn token NFT and many games. This network combines tokens with NFTs to create a play-to-earn mechanism for gamers.

Metaface Token

The Metaface token takes the most primary task of powering this entire gaming ecosystem. According to Metaface white paper, this token will have two types of holders. First is those who purchase for speculative and investment reasons. The second is those who buy the token for the METATHUG P2E game. 

This BEP20 token has many use cases and features, including;

Hyperdeflationary Token 

The Metaface ecosystem instills policies that make the MFT token hyper-deflationary. One of the policies is a manual token burning mechanism. According to their whitepaper, the Metaface team will seek its community's opinion on burning tokens and buyback mechanisms. This in turn gives the community a say over their investments. Burning enhances the token scarcity, which results in more demand; hence value increases over time.

Furthermore, the network has a rebate policy where they distribute 4% of everyMFT transaction to token holders' wallets. Metaface will distribute the rebate based on the holding per wallet. This will encourage more people to purchase and hold the token. Altogether, the rebate and burning policy will make the coin deflationary.

High Liquidity Token

Another feature defining the MFT token is high liquidity. Accessing this token and exchanging it in the markets will be easy. In every transaction, 3% will go back to liquidity pools to regulate MFT token prices. 

The 3% liquidity return policy will help bolster liquidity and make the token gain value in the long term. 

Minting and Buying NFTs

The third and final feature of the token is minting. All holders of the token will mint metaface NFTs and sell them to the marketplace. 

Aside From minting NFT, the token will help users buy NFT. It will be the main currency to use in the NFT marketplace. Hence, holders will buy NFT using this token. 

Weekly Contest 

Holders of the Metaface token will participate in contests to create game scenarios. The community will choose which design is best, and the creator will earn rewards for designing.

Decentralized Exchanges

This token will be listed on top Dexes, where holders will trade in and out. The first Dex targeted by Metaface is the Pancakeswap. Trading the token will be a good source of income for traders. The MFT token will also help in rewarding the holders in Dex.  

The Metaface NFT

The network also notes that the token will work in synergy with the NFT to provide services. The NFT will be the most necessary asset in the Meta thug game. The NFTs represent the in-game items and features.

For gamers to start playing and earning, they must first purchase the Metaface token. On holding the token, they can now purchase the NFTs from the marketplace. Aspects like rarity, uniqueness, and features will contribute to the increasing values of these NFTs. 

The METATHUG Game

Meta Thug game is the flagship service provided by the Metaface network and MFT token. This game will combine several game modes to boost the gamers' experience. The Metaface team is working hard to ensure the graphic quality of the games is high.  

The MetaThug game will first launch as a mobile gaming application. It will be available both on Android and iOS devices starting quarter 1 of 2022.

Metaface: Audit for Security

To ensure it ultimately secures the investors, Metaface decided to take an audit. The audit which Techrate completed intended to identify any errors and vulnerabilities in the smart contracts. After thorough checks, Techrate never found any serious issues.  

Metaface decided to post the audit report on their web page. This shows the level of transparency that the network has. 

Metaface: The Pros and Cons

The Metaface gaming network will come with several advantages and drawbacks. The few top benefits will include; 

  • Have fun and earn income

  • Exposure to the NFT space

  • Mobile applications for convenience

  • High token liquidity

  • Deflationary token 

This network is entirely new in the market. Hence, users cannot be able to identify issues. However, the team behind it is fully KYCed, and its smart contracts are audited by Techrate, eliminating any chances of a rug pull and ascertaining the security of investors' assets. Moreover, over $600K in investments are locked in the network's liquidity pool, which guarantees it is a long-term project and puts investors' minds at rest.

Wrapping Up: To The Future

The Metaface ecosystem has a lot in store in the coming months. In the fourth quarter of 2021, the platform completed several plans, including the ongoing Presale. 

However, after the presale, Metaface will complete NFTs, and launch the game in 2022. It also plans to continue listing on more exchanges as it continues to develop the NFT marketplace. At the end of 2022, Metaface intends to ensure the NFT marketplace, the Metathug game, and its other services will be available for everyone.

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