Riot Games have finally announced a pathway circuit event towards the Valorant Champions Tour for the Indian and South Asian region in collaboration with NODWIN Gaming.
Named Valorant Conquerors Championship and boasting a prizepool of 2,500,000 INR, the event will culminate into a certain number of slots at the APAC Last Chance Qualifier, which will reserve one slot at the Valorant Champions Tour Grand Finals for the winner of the said Qualifier.
We at TalkEsport got an exclusive opportunity to talk to Akshat Rathee, MD & Co-Founder, NODWIN Gaming and Sukamal Pegu, Publishing Leader, India & South Asia, Riot Games in relation to the Valorant Conquerors Championship, the pathway to Valorant Champions Tour Grand Finals and much more!
Q. VCT is finally coming to India, with the Valorant Conquerors Championship (VCC). The entire region, I am sure, is excited and have been eagerly waiting for this day. What took VCT so long to arrive in India?
Sukamal Pegu: Let me start with a big thanks to our fanbase in the region. We are humbled by your support for the game and sorry it took us a bit of time to unlock VCT for South Asia. We always knew that VALORANT would do well here and we were very careful to bring to you the best of experiences related to the game, be it infrastructure, grassroots tournaments or local payments.
When it came to VCT, we wanted to ensure that we find the best possible partner to deliver this here and we were literally spoiled when it came to partner Tournament Organizers choices in South Asia. When we decided to include South Asia in the tour, we had to make sure everything was in place, in terms of a delivery partner, logistics and operations. This took a bit longer than expected and so it might seem like we were late, but we were busy planning to ensure we did it the right way. We are always listening to the needs of the South Asian VALORANT community and we will try our best to deliver them to you, without compromises.
Q. The Riot x NODWIN Partnership will be handling VCC. What made you choose NODWIN Gaming over other contenders for the project?
Sukamal Pegu: Like I said earlier, we are literally spoiled when it comes to potential partners in South Asia. The competitive VALORANT products in the region easily compare with the best in the world and some of them have broken records when it comes to participation and viewerships. NODWIN Gaming bring a solid experience of delivering some of the biggest international esports events for the region and we hope to deliver one of the best regional VALORANT events with this partnership
Q. Can we expect a better frequency in terms of the Indian region receiving some prospect of participation in Riot sponsored events?
Sukamal Pegu: For sure. VALORANT is a relatively new game and we are just laying the foundations for the esport ecosystem around it, globally. You will definitely see the South Asia region being a lot more visible in our roadmaps from now onwards.
Q. There has been a growing furore among players in the Indian and South Asian region about the increase in number of hackers. Should we expect a more vigilant eye and a more manual crackdown of such accounts and users?
Sukamal Pegu: We are aware of these incidents and we take them very seriously. Our game and platform teams along with our Player Support team are working hard to ensure that we are able to tackle misuse in our game. We are also vigilant outside the game to ensure that our communities are safe and inclusive for all.
Q. Have you been following the Indian Valorant scene? If so, do you have any favourites, be it teams or players?
Sukamal Pegu: I personally do follow all the premier partner events in the region. The quality of play I get to see from teams such as Global Esports, Team Mahi, Portal Esports etc. are simply outstanding and I wish them all the very best in the upcoming South Asian VCT event. I can’t wait to see them face off with such high stakes! (fan moment)
Q. NODWIN have always been at the forefront of bringing international level events to the Indian Esports scene. What does this partnership for VCT with Riot games mean for NODWIN Gaming?
Akshat Rathee: The NODWIN Valorant Conquerors Championship (VCC) as part of VCT 2021 for the South Asian leg is significant on many levels. Firstly, it’s our springboard for the community to have a slot for South Asia on the global roadmap of Valorant esports. Secondly, it’s a NODWIN IP that will set the goals for teams and players in South Asia every year towards VCT. And lastly, it’s our best chance to present top-notch content to the world. After everything that we have done in the past, the Valorant Conquerors Championship is more symbolic of the importance of the South Asia region and the impact of NODWIN Gaming on the global level.
Q. This is NODWIN’s second big Valorant event, with the Agni series being the first. Was there any specific reason for NODWIN to wait so long before conducting another major Valorant event?
Akshat Rathee: We at NODWIN always look at incubating new tournaments and conducting them to serve a defined purpose. The attraction of doing “Just another tournament” is very high, however, we have to see how we can really bring value to the ecosystem. The VCC now has a slot towards the global VCT 2021 and that now fits the local to global narrative NODWIN always aspires for. Now that VCT has opened its doors for the region, I feel like there couldn’t be a better time to bring back VALORANT to our roster of IPs in a bigger way.
Q. One thing the people are yet to know about VCC, the upcoming VCT pathway event for the Indian Region, that you would like to reveal?
Akshat Rathee: It will be a hot event! *smiley face*
Cardano: Can this cushion the mounting bearish pressure?
Cardano has garnered much attention from the crypto community due to constant network upgrades over the past few months. After the successful Mary hard fork, Cardano now aims at bringing smart contract to its system via the highly anticipated Alonzo upgrade. Its first-ever smart contract written in Plutus went live on the Alonzo Testnet a week ago.
While these developments were certainly immune and separate from a bearish broader market, its native cryptocurrency, ADA, was not.
Weekly losses piled up to over 30% as sellers ramped up pressure in the ADA market. The cryptocurrency suffered a sharper decline once a breakout above $1.61 was rejected during the last week of trade.
Cardano Daily Chart
Since the broader market crash, ADA has been unable to rise above its upper ceiling of $1.88. Bullish momentum fizzled out as ADA failed to breach this resistance and sellers have dictated market movement since. Its latest attempt at a revival came via a breakout attempt above $1.61 but the 20-SMA acted as a resistance mark and denied further upside. With prices nosediving further over the last 24 hours, focus now shifted to its 19 May swing low of $0.95.
ADA was on a tight rope as it approached a defensive mark of $0.95. This region not only formed a support mark ranging all the way to early Feb, but was also bolstered by the presence of the 200 Simple Moving Average line. The Relative Strength Index moved in the oversold region and a reversal was expected over the coming days. Stochastic RSI even showed a bullish crossover and suggested that the trend could shift in favor of buyers.
If a reversal is triggered at $0.95, ADA could witness an ascent back towards $1.15. Visible Range’s point of control lay within this area and an extended rise was unlikely. However, traders must also be wary of breakdown as well. Failing to cut losses at $0.95 could result in a further 30% decline towards $0.673. According to Awesome Oscillator’s red bars, such a move was not within the realms of possibility.
With losses accumulating in the market, ADA now resorted to its defensive line of $0.95. The 200-SMA moved within this zone and strengthened its defensive capabilities. A temporary pickup towards $1.15 can be expected once buyers return to the broader market but the threat of an extended sell-off cannot be discounted as well.
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Karura (KAR) Wins First Kusama (KSM) Parachain Auction
The Kusama team has announced via Twitter on June 22, 2021, that Karura (KAR) has emerged as the winner of the first-ever Kusama (KSM) parachain auction. The team says over 15,000 participants locked up their KSM tokens in favor of Karura.
Karura (KAR) Becomes First Kusama Parachain
The months of hard work and dedication of the Karura team have finally paid off, as the project has now won a parachain slot on Kusama, laying a solid foundation for its product launch on the network.
Though the team has not talked about the immediate next steps of Kurara, the announcement has attracted positive reactions from Kusama faithful on crypto Twitter nonetheless and the team has hinted that key members of the Kurara project, will be live on #TwitterSpace on June 23, 2021, to answer questions and shed more light on the way forward.
Karura Aiming to Revolutionize DeFi
For those who are unaware, Kurara (KAR) was created by the Acala Foundation and it’s aiming to develop a robust decentralized finance (DeFi) ecosystem in Kusama. When Kurara finally launches, members of its ecosystem will enjoy a plethora of DeFi offerings, including superfast and cost-efficient token swaps, staking, liquidity mining, and more.
At a time when “rug pull” incidents are increasing at an alarming rate in the DeFi space, Karura will definitely provide investors with a reliable platform through which they would enjoy the goodies of decentralized finance, as the platform is backed by highly reputed entities including Coinbase Ventures.
Notably, investors’ confidence in the Karura project is very solid at the moment as evidenced by the overwhelming support Karura got from members of the cryptoverse during its crowd loan event.
Specifically, on June 10, 2021, the team announced that it had successfully raised more than 200,000 $KSM tokens ($100m at the time) from over 8,500 contributors that took part in its crowd loan event via its portal.
According to Karura, contributors will get 12+ KAR tokens for every 1 KSM contributed, early birds will earn an extra 10 percent bonus and on top of that, there’s a five percent referral bonus for eligible participants.
At press time, the price of KSM is hovering around $175.40, with a market cap of $1.51 billion, as seen on CoinMarketCap.
How Archer Swap Has Helped End Ethereum’s Bidding War
Most DeFi users have heard of Ethereum’s high congestion issues, but few are aware of the controlling forces operating behind the scenes, and how badly they can be impacted by this single problem. When traders send a regular transaction via the Ethereum network, it is susceptible to attacks from bots or front-running software run by entities seeking to profit from trader activity.
Ethereum’s ecosystem is perhaps amongst the fastest growing in the crypto space. Thus, there are already many solutions that tackle this issue and operate for the benefit of the users and decentralized exchange (DEX) traders. Most of them have gone under the radar.
Archer Swap is part of the Archer DAO, a project with features designed to mitigate the risks associated with sending transactions on Ethereum. It protects users from Miner Extractable Value (MEV) strategies, sandwich attacks, and front-running bots while maintaining a connection with Uniswap and SushiSwap, two of the most popular DEXs on Ethereum.
In this sense, Archer Swap can be described as a DEX extension that enhances the trader experience on these dApps. This protocol combines two powerful sets of features that give traders improved operations on Ethereum – protecting them and making trades more cost-efficient.
The first set of benefits are called Archer MEV Shield. Besides protecting transactions from bot attacks, it allows users to eliminate failed transaction fees, a recurring problem on Ethereum. Traders can also cancel transactions at no additional cost.
The second feature is called Archer Trader Extractable Value (TEV), a proprietary and innovative concept introduced by Archer Swap. Operating within the Archer Relay, Archer TEV uses automated rebalancing transactions with bots to sync market prices when big market moves occur.
After a trade or a big swap, there is usually an arbitrage opportunity in a market. Archer TEV uses these opportunities to capture the value and redistribute it to Archer Swap users. In essence, Archer TEV takes revenue generated by Archer Swap and gives it back to one of the protocol’s core components, the traders.
Archer Swap Launches Campaign To Reward Traders
Following a community vote, Archer DAO recently launched a 6-week campaign to buy back and distribute its native token ARCH. In this way, the protocol can reward early adopters. The tokens will be acquired with the revenue generated by Archer TEV.
The protocol won’t have to touch its treasury reserves to attract new users to the platform. The protocol and the users will benefit – as more users trade on Archer Swap, the campaign will have more resources to acquire and distribute ARCH. Therefore, the token will most likely see an increase in buying pressure during the coming weeks, and the platform will see a surge in the number of users.
Archer DAO will distribute rewards every Friday from June 11th to July 16th, 2021. The platform will calculate rewards for each user based on their transacted volume for each week. The rewards will be delivered automatically and with basically 0 risk for the users, all they need to do is trade.
Archer Swap has had famous trades. In May, during the high of the dog meme coins, the inventor of Ethereum, Vitalik Buterin, used Archer Swap to dump his supply of Shiba Inu (SHIB), AKITA, MIRI, ELON, and others into the market.
The dump served a good cause, as Vitalik used this money to send over $1 billion to different charity organizations. The most notable is the Covid-19 relief campaign for India started by Polygon’s co-founder, Sandeep Nailwal. This trade could be among the most famous in 2021 and was enabled by a protocol whose main objective is to shield its users and give them back the power to operate safely within the Ethereum dark forest.
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