Paris Hilton Supports $20 Million Strategic Investment

The non-fungible token (NFT) project the Origyn Foundation announced on Tuesday the team received a strategic investment of $20 million from a myriad of investors. Hilton hotel heiress Paris Hilton participated in the funding round alongside firms like Polychain Capital and Table Management.

Origyn Foundation Secures $20 Million

NFT marketplaces and web platforms have seen a lot of investments over the last year as venture capitalists and venture financing companies have poured millions into these projects. On November 23, the Switzerland-based non-profit NFT project Origyn Foundation revealed it has secured $20 million from strategic investors. According to the announcement, after the financing Origyn Foundation has a valuation of around $300 million.
The private funding round was financed by Bill Ackman’s Table Management, Polychain Capital, Coinko, Vectr Ventures, Carter Reum, Div Turakhia, and GD10 Ventures. Additionally, the popular socialite and entrepreneur, Paris Hilton, also joined in on the funding round. Origyn says the financing will help the team launch “verticals to market in the art, collectibles, digital media, and luxury sectors.”
Origyn leverages Dfinity’s Internet Computer protocol and the project is led by the founding partners and council members Gian Bochsler, Vincent Perriard and Mike Schwartz, and its CEO Daniel Haudenschild. Additionally, the capital raise will bolster new industry partners and research and development as well. The project operates industry verticals such as Origyn Art, Origyn Collectibles, Origyn Digital Media and Origyn Luxury.
“We’re incredibly fortunate and excited to include so many influential names in this funding round,” Daniel Haudenschild the CEO of Origyn Entreprise SA said in a statement. Origyn is unique in what it brings to this world. It’s a sign of support for what Origyn is trying to achieve—using technology to solve for identity, authenticity, and proof of ownership. Our partners have seen the opportunity we provide to unlock value for owners and creators,” the Origyn executive added.
Origyn esteemed backer, Paris Hilton, has been into cryptocurrencies and non-fungible token (NFT) assets for quite some time. During the first week of April, Hilton said she was excited about the future of bitcoin and confirmed she was long on crypto. At the end of October, Hilton listed a few of her NFTs to sell on the new Sotheby’s Metaverse Marketplace.
Source of News: Bitcoin.com

Solana, Enters List of Top 10 Cryptocurrencies by Market Cap

Solana’s SOL token is now one of the largest cryptocurrencies by market value. It is thanks to growing institutional interest and the boom in non-fungible tokens (NFT) and decentralized finance (DeFi).
With the current price of $93, the token’s market capitalization sits at $26.86 billion, or the ninth-biggest in the crypto markets and ahead of polkadot’s $25.7 billion, per data source Messari. The cryptocurrency’s price reached a record high of $96 at the beginning of today and has more than doubled since Aug. 15.

Institutional SOL demand

“Institutional demand for SOL has increased in recent weeks.” Crypto financial services company Amber Group said. On Tuesday, Osprey Funds registered the Osprey Solana Trust with the U.S. securities regulators in a bid to give wealthy investors availability to the SOL token.
“Generally speaking, money has been flowing into Ethereum alternatives like Solana, Cosmos, Luna, and Avalanche.” Amber Group said. The tokens of these smart contract firms have each rallied by more than 80% against Ethereum’s native coin Ethereum over the past month.
SOL picked up a strong offer two weeks ago after Solana forayed into the booming non-fungible tokens (NFT) space with the start of Degenerate Ape Academy, a non-fungible token (NFT) project. It was a smash-hit debut, with a set of 10,000 unique pictures of cartoon apes sold in the first ten minutes. That made SOL higher as people required to buy the cryptocurrency to purchase apes.
“Once people bought SOL and experienced the speed and low transaction costs for themselves, they got more bullish.” Packy McCormick, the author of the Not Boring newsletter, said in a recent essay titled Solana Summer.

Token’s positive momentum

Other developments such as real-time data feeder Pyth Network’s debut on Solana’s Blockchain could have added to the token’s positive momentum.
An ongoing boom in NFT could bring more gains for SOL. Based on Amber Group, the theory of reflexivity or positive feedback loop looks like to play in the NFT market. “There is a supply crisis and opacity of price discovery. So price bands are wide, and gap up appears to be the trend for now,” Amber Group said.

SOL resistance

From a technical analysis standpoint, the path of least resistance for SOL is on the higher side, based on Bill Noble, chief technical analyst at Token Metrics, a cryptocurrency research company, said. “The next upside targets are $89 (already flipped into support) and $145,” said. “This is, of course, contingent on the overall market staying positive.” ($145 is the 161.8% Fibonacci extension level.)

“Aside from a crash in the market, I don’t think anything is going to stop this coin.” Noble said. “Solana is probably going to be a big platform for both DeFi and NFTs.”
Katie Stockton, founder, and managing partner at Fairlead Strategies mentioned that charts don’t show any signs of uptrend exhaustion, and further gains could be in the making.

The cryptocurrency’s sharp increase from $70 to over $90 seen over the past two days has confirmed an upside breakout from a consolidation pattern. Per Stockton, the breakout has opened the doors for a long-term target near $126.
A bearish reversal would be confirmed if SOL prints two daily UTC closes under $70. “That might create a move back to the old high at $58,” Noble said.

Ethereum Resistance Levels and Other Altcoin’s

Ethereum resistance

Ethereum, the world’s second cryptocurrency in market by value, reaches resistance close to $2,500. In which resistance is specified by the 100-day moving average. Ethereum is high about 10% over the past seven days. And also rallied nearly 30% after keeping support at $1,720 on July 20. Lower support is observed at $2,000. Which this could stabilize a pullback.

Ethereum is fixing relative to bitcoin and is on traders’ watch for a potential breakout. The ETH/BTC ratio has primary support at 0.054. Which must maintain in order to keep ETH’s relative uptrend intact.

The Grayscale Bitcoin Trust and Grayscale Ethereum Trust

The Palo Alto is a company Calif.-based that has developed its , catalog of investment vehicles to consist the Grayscale Bitcoin Trust and Grayscale Ethereum Trust.

Clients of Wealthfront, can now get exposure to crypto through the addition of two cryptocurrency trusts to the robo-adviser’s investment suggestions. Wealthfront is an automated investment service

  • The Palo Alto, Calif.-based company has developed its roster of investment vehicles. They did it to include the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).
  • The move marks the first by a major robo-adviser in the U.S. to propose clients crypto exposure. an declaration by Wealthfront Friday claimed.
  • Investors will be able to assign to 10% of their total portfolio to the two trusts. With crypto’s volatility cited as the reason for the restriction.
  • Wealthfront is one of the largest robo-advisory firms in the world with $25 billion in assets under management.

Altcoin rally

Flow soars: Flow, is a token that powers a blockchain network focused on non-fungible tokens (NFT). It surged in price while the big cryptocurrency exchange Binance said that it would list the project on Friday . Binance promised that it would list the FLOW token. The time was 7:00 UTC (3 a.m. ET). Since then, the price rised 61% to $29 from $18. On a 24-hour basis. The cryptocurrency is up 30%.

Framework to Regulate Crypto, Stablecoins: Legislation before Congress to supply a “comprehensive legal framework”. In order to regulate the digital asset market and perhaps give the federal government the capability to ban some stablecoins. The ones that was introduced in the U.S. House of Representatives Wednesday. Based on sponsor Rep. Don Beyer (D-Va.), chairman of the U.S. Congress Joint Economic Committee. Moreover, The existing digital asset market construction and regulatory framework are too “ambiguous and dangerous for investors and consumers.”

Six Dapps to Go Live on SKALE: Also, Ethereum scaling project Skale declared that decentralized applications (dapps) will first go live on its network. Skale Labs CEO Jack O’Holleran told that teams will be publishing their dapps among now and the end of this summer. Boot.Finance, Covey, CurioDAO, Human Protocol, Ivy and Minds are the projects in the initial cohort. rm.

Bitcoin’s Next Support is at $27K, It Is Struggling Under $30K

Bitcoin dropped 5% over the past 24 hours. Bitcoin (BTC) sellers were trading during Asia hours as the world’s largest cryptocurrency slipped under $30,000 for the first time in four weeks. Moreover, the next level of support will be at $27,000. Which is a 60% retracement of the March 2020 low.

Intraday charts look oversold. Which this could fix some selling pressure. But, upside looks limited under $34,000 given strong overhead resistance.

In addition to it, Bitcoin was trading around $29,600 at time of this news. And it fell about 5% over the past 24 hours.

  • The relative strength index (RSI) on the daily plot is going to be near at oversold levels. The bullish divergence, described by higher lows in the RSI from May 19. It failed to give support buying beyond the $36,000 resistance level.
  • Bitcoin stays in an intermediate-term downtrend which started in April. And also the downward sloping 50-day moving average saw it.
  • The weekly plot did not get oversell. Therefore, it means sellers are have control as upside momentum fades.

Meme tokens market:

A recent tremble in meme tokens, a segment best known by the Shiba Inu-themed Dogecoin (DOGE), shows that retail investors are losing their positions in cryptocurrencies. This is because of recent market sell-offs, which spooked many crypto newcomers.

However, analysts and traders got separated on whether retail interest in meme tokens will return in near future to this community-driven, to the less serious part of the crypto market or not.

Meme tokens posted huge obtains at the begening of this year. inspiring by Tesla CEO Elon Musk-touted dogecoin, which posted a four-month-long winning streak. In April alone, the price of dogecoin increased 528.4% on Hong Kong-based crypto exchange FTX,based on TradingView.

By, following the dogecoin phenomenon, great number of meme coins launched. It was including the doge-imitator shiba inu token. As a new fantasy with the meme culture worldwide sparked a wave of interest in the tokens. The GameStop stock trading mania at the beginning of this year just fueled the frenzy.

“The [meme token] market becomes oversaturated with pointless meme coins,”.  Arcane Research analyst Vetle Lunde said.

Baby Dogecoin is a new cryptocurrency, New Meme

what is Baby Dogecoin?

Dogecoin fans created a new cryptocurrency that its name is Baby Dogecoin. The meme keeps going. Dogecoin fans lately made a new cryptocurrency and named it Baby DogeCoin. Which is a play off of the Dogecoin cryptocurrency.

Thus, Baby DogeCoin is fundamentally another version of Dogecoin. It has a low-value. This meme is base on cryptocurrency. Which it has been playing with some social media hype.
The Baby DogeCoin website described somethings. They told that the cryptocurrency learned some hard and good things from the Dogecoin era.
“Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness,” the Baby DogeCoin website described. In addition, “He is Hyper-deflationary with an integrated smart staking system built in to reward you. So more baby Dogecoins are being automatically added to your wallet each transaction. Simply Love, pet, and watch your baby doge grow.”
Per Benzinga, a single Baby Dogecoin worth somewhere around $0.0000000003950 someday. In May, the same coin worth $0.0000000000018.
The thing is, however $0.0000000000018 came after a 21,844% increase. And the $0.0000000003950 value came after a 1,213% gain per day, as stated by Benzinga, which covers cryptocurrency news.
The cryptocurrency looks to be dipping. Based on Benzinga, the coin’s price is 42% low from it’s all-time high. As a result, it is being worth about $0.0000000002785.

Baby Dogecoin tricks

This new crypto learned a few tricks and lessons from his meme father, DogeCoin. Baby Doge wants to affect his father by displaying his new improved transaction speeds.
This token is completely decentralized and owned by its fun, full of energy community. They welcome and accept diverse point of views to make Baby Doge into the best community in crypto.
In addition to this, Liquidity is fully locked. 5% of transaction fees added to liquidity. This gives less volatility and continuously growing price floor.

Chinese Cryptocurrency Traders Are wooping on SHIB Coin Known as ‘Doge Killer’

A new digital token trending (and price-pumping) in Chinese cryptocurrency circles is billing itself as the “DOGE killer.” The new SHIB token has unabashedly coopted the name of the Shiba Inu dog breed whose image has come to , demonstrate the joke cryptocurrency dogecoin. Maybe as threatening, SHIB has just collected fresh listings on the three most popular cryptocurrency exchanges among Chinese users, Binance, Huobi and OKEx.
And this puppy is all of a sudden garnering surprising investment from Chinese traders, although they seem well aware that the project emerges to have no serious technological promise. On Monday, when Binance launched trading in the SHIB token, the price almost doubled on Huobi, where it was already trading.
OKEx listed the SHIB coin on May 8, just a few days in advance of Binance. Huobi has the most trading volume of SHIB, as stated by CoinGecko. A Huobi spokesperson didn’t answer to CoinDesk by press time.
The Shiba Inu coin, as the SHIB token is formally known, has a price so low, at $0.00002766, that the project’s backers say it “lets users to hold Billions or even Trillions of them.” The price “can remain well under a penny and still outgo dogecoin in a small amount of time,” according to its website.
SHIB is an examination in decentralized automatical community building,” the website continues. “BONE is our next token!” There’s a even link to a “woofpaper,” dated April 29. The website goes on to recite some surprisingly sophisticated crypto-industry insider references:
“We locked the 50% of the total supply to Uniswap and disposed the keys,” the website added. “The remaining 50% was scorched to Vitalik Buterin and we were the first project following this course, so everyone has to buy on the open market, ensuring a fair and complete dispensation where devs don’t own team tokens they can dump on the community.”
Charles Xue Biqun or Xue Manzi, a billionaire venture capitalist and one of the most active investors in the Chinese internet industry, has said SHIB in multiple posts on Weibo to his more than 11 million followers. He has also been actively talking about dogecoin, according to his Weibo feed.

Doge has already increased a lot,” Alex Zuo, vice president of China-based crypto wallet Cobo, said. “It gives an example of the ‘wealth-making effect.’ In addition that Shiba inu coin may also get profit from the localization…. With all the promotions by influencers on Weibo.“We find it very inexplicable,” Zuo said. “I didn’t buy any SHIB and no one around me has bought any.”

Ethereum Keeps Ascending High

Institutional buying on Ethereum had a high record with the recent ratification of CI Global Asset Management, Purpose Investments, and Evolve ETFs in Canada on offering Ethereum based exchange traded funds therewith added more validity to the altcoin.
As a result, eminent crypto experts also predict the flagship altcoin is not just amusing strong buying compression because it’s faster.As an easier user experience, it’s more valuable because it hosts a lot of developers on the Ethereum network coupled with high presence of users, and it is just growing.
Pluse, with the recent upgrade of Ethereum network moving to the so-called Proof of Stake, in which an individual or company can accredit block transactions or mine according to how many Ethereums, they should hold to mget boast investors ability in producing more returns.
Ethereum’s continues to attract more investors as its functionality and ecosystem mature. This happens because Ethereum smart contracts are better, faster at affirming the delivery, buying or selling of digital than alternatives currently available. This further makes Ethereum powerful and will grow as applications are added.
Ethereum hit a record $3,523 on Tuesday on the FTX exchange with involvement on the Ethereum network hitting record high. Data recaptured from Glassnode a crypto analytic company proposition Ethereum’s total value in the ETH 2.0 Deposit Contract just reached an all-time high of 4,193,698 ETH. The previous all-time of 4,158,946 ETH was observed on 04 May 2021.
Users continue to demand for more Ethereums in investing as irreplaceable tokens that has kept prices comparison off the roof despite significant pullbacks in some leading crypto assets including Bitcoin as Janet Yellen signals that profits might need to go up in order to avoid overheating the world’s biggest economy already accustomed with stimulus support. Already Ethereum co-founder, Buterin, who recently turned 27 some months back presently keeps about 333,520 ethers.

Monavale (MONA)

Monavale (MONA) Review

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Monavale (MONA) token, DIGITALAX at its core is a Digital-Only Fashion NFT Auction Exchange platform. However, we are geared as a wider open source digital fashion tool stack and introducing novel concepts and products around the digital fashion supply chain, native-digital fashion fair pricing frameworks, NFT staking and NFT + Stable coin Stability Collateral Wrappers.

What is the Digital Fashion Supply Chain?

A new concept introduced by DIGITALAX for building digital material, texture and pattern libraries and the formation of digital-only wearables using the Ethereum network.

Creative industries like fashion largely revolve around the usage and exchange of IP, where proof of ownership is often the linchpin to being able to market unique, new design ideas and found a strong brand and message that is distinct, innovative and competitively advantageous. However, lack of proper IP management and clarity in the fashion industry has led to a very centralised ‘winner takes all’ market that forces designers and brands to work almost completely siloed, keep their cards close to their chest and be not willing to share or collaborate in the fear of losing to competition or market share— this greatly slows down the innovation in the industry and puts creativity in an isolated black box.

The idea around building a bridge between real world rare metals and materials, correlated with supply chain management and supply chain automation, in a digital goods environment has tremendous potential. Fractional NFT ownership, creative IP management, transparent digital pricing frameworks and efficient Designer x Developer marketplaces are just a few of the major vertices for booming digital economies like gaming and VR applications. 

Essential Information

Started Date Unknown
End Date  Unknown
Acceptable currencies USD, BTC, ETH
Monavale Price $881.94 USD
Token Name Monavale
Token Symbol MONA
Monavale ROI 27.79%
Website Link Home
Market Cap No Data
Circulating Supply No Data
Whitepaper Whitepaper
Market Rank #2454
Number of tokens for sale
Tokens exchange rate
Blockchain Ethereum

More about Monavale (MONA):

Token Information and Distribution

Both Genesis MONA NFT holders and $MONA token will serve part of the platforms governance. Holders will be eligible to receive a portion of the platform’s revenue and also vote on proposals across monetary and treasury policies, protocol development. This revenue redistribution amount will be different across Genesis MONA NFT and $MONA holders, being dependent on the amount of ETH contributed for the Genesis MONA NFT during the Genesis Period and also the amount of $MONA held.

A total of 500 Genesis MONA NFTs will be distributed during the Genesis Period. 92% of these Genesis MONA NFTs will be allocated to the community participants, 5% will be allocated towards the Protocol Reserve and 3% will be allocated to certain team members and advisors that helped immensely in contributing to the launch and development of the platform.

The DIGITALAX platform will allocate 90% of the $MONA token total supply to staking rewards and 10% to the Protocol Reserve. Note that 200 $MONA from the 9,000 $MONA allocated for staking was put towards providing the initial liquidity for the $MONA/ETH uniswap pool. The $MONA token will be distributed through staking NFTs on the DIGITALAX platform. $MONA will be distributed over the course of 1 year, where 3,600 $MONA tokens will be distributed evenly over the first two months. For the last 10 months, the remaining 5,200 $MONA will be distributed according to an exponential decay.

Parents NFTs are ERC-721 and can be bought at auction. Child NFTs are ERC-1155 and used in the supply chain and DOF Sheet. VIR is a contract on the NFT + Stable Coin Wrapper. There is no pre-sale. No investors or venture capitalists are backing DIGITALAX. The team bootstrapped the project.

Why should I contribute ETH?

The Genesis MONA is an ERC-721 NFT that forms part of the DIGITALAX governance. All Genesis MONA NFT holders and $MONA token holders govern the DIGITALAX ecosystem and are eligible to receive a portion of revenue. This revenue redistribution amount will be different across Genesis MONA NFT and $MONA holders, being dependent on the amount of ETH contributed for the Genesis MONA NFT and also the amount of $MONA held.

  • Revenue from the auctions

  • ERC-20 $MONA utility token staking rewards

  • Liquidity mining rewards and fees

All Genesis MONA NFT and $MONA holders are able to enjoy the DIGITALAX Rewards.

  • Subsidised gas fees on auctions

  • Discounted auctions

  • Custom designs

Genesis MONA and $MONA token holders can vote on monetary policies, security policies and R&D.

  • Incentives of $MONA token for participating in voting.

  • The holders must exercise their rights at least once every 30 days.

  • Non-active Genesis MONA holders can have their governance rights and abilities diminished or fully reverted.

    Why would I buy the NFT if the file can be downloaded by anyone?

    Take for example famous artworks like the Mona Lisa— sure, anyone can take a photo of the artwork or even paint an almost indistinguishable replica. But, it can be verified that these aren’t the original or true versions and so aren’t worth any value. NFTs work the same way, they are able to provide a verifiable and provable source of truth of the ownership of the digital asset and so therefore, also its source of value.

    What do I do once I own an NFT?

    Congratulations! You have a single-edition rare DIGITALAX digital fashion NFT. These NFTs were uniquely and exclusively designed by our Global Designer Network and only one of each exists in the world. Now that you own it there are a few things you can do; keep it as a collectible, stake it on DIGITALAX to receive the $MONA utility token or swap with DAI to then wrap your NFT with crypto assets and make your collectible more valuable, sell it on the secondary market, use it in the synthetic collateral ecosystem to borrow loans against your NFTs…and more exciting use cases to come that we will be announcing soon!

    What exactly happens when I list something for auction?

    All items are listed for auction on the DIGITALAX platform under the designer’s brand/name. Each design listed is exclusive to the DIGITALAX platform and can’t be sold by the designer elsewhere under the Designer Collaboration Agreement and Open Digital Fashion License, which requires a Full IP Assignment of the design to the buyer.

    Listed items are then put up for auction at reserve prices. The live auction period lasts for 7 days and the highest bidder at the end of the live auction period receives the garment.

    Do you charge fees?

    DIGITALAX takes no fees or profit cuts from bids for the first auction round on the platform, all funds go directly to the designers. For future bids, the platform will take a 12% for any sale price above the reserve price, and funds collected through these fees will go to the Protocol Reserve for growing and maintaining the platform. Participants will have to pay all Ethereum network GAS fees for all on-chain bids, staking transactions etc.

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In addition to reviewscenter.net will try to provide their observations and make the best review here. But this monitoring is not complete without your comments, messages and reports. So post your comments on the investment system provided at the end of each post or email reviewscenter.net@gmail.com

NOTE:

reviewscenter.net is not a financial and investment system and it never enter into the investment services’s area. Our main task is to provide the correct payment for hyips and their related data. reviewscenter.net has no responsibility for your investments. Do your investment with more observation and investigation.

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Katalyo (KTLYO)

Katalyo (KTLYO) Review

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Katalyo (KTLYO) is Smarter, faster and cheaper way to automate operations and build DeFi without writing a single line of code.Every Katalyo application is a collection of building blocks called resources (datasets, tasks, notifications, integrations, tokens,…). To build applications with Katalyo you just need to. With Katalyo you are getting the right set of tools and resources to innovate continuosly while keeping cost at bay.

 

Essential Information

Started Date Unknown
End Date Unknown
Acceptable currencies USD, BTC, ETH
Katalyo Price $0.288857 USD
Token Name Katalyo
Token Symbol KTLYO
Katalyo ROI 11.33%
Website Link Home
Market Cap No Data
Circulating Supply No Data
Whitepaper Whitepaper
Market Rank #2385
Max Supply 85,000,000 KTLYO
Tokens exchange rate
Minimal transaction amount

More about Katalyo (KTLYO):

We are a part of Katalyo – mature business with a proven revenue traction and and track record. Katalyo is an official member of Telos ecosystem and INBlockchain incubator program.We got you covered! You’are getting the same no-code tools and resources to take your company into trustless and decentralized future! Katalyo is going all in on DeFi and NFTs. No-code makes DeFi and NFTs accessible to everyone. Don’t just use it, build your own DeFi solutions!

——————————————-

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NOTE:

reviewscenter.net is not a financial and investment system and it never enter into the investment services’s area. Our main task is to provide the correct payment for hyips and their related data. reviewscenter.net has no responsibility for your investments. Do your investment with more observation and investigation.

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WELL (WELL)

WELL (WELL) Token Review

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WELL (WELL) is BitWell’s platform token and is based on Ethereum’s decentralized crypto ERC20 Token. It provides drivers for the entire platform ecosystem and serves as a measurement standard for the participants and contributions of all parties in the ecosystem. Token holders (and their representatives) can discuss, propose and vote on any future changes to the composite protocol.

WELL issuance and price

WELL was formally launched on 3 September 2020 Singapore time, but has not yet entered into on-chain circulation.The initial price of WELL was 0.01 USDT and as of 20 November 2020, the price of WELL has risen to 0.16 USDT after several rounds of auctions. the price of WELL will fluctuate in line with market demand and market price fluctuations.

Bitwell is a digital asset derivative service platform. It is founded by senior practitioners from leading Internet companies such as Tencent and Sina, as well as world-renowned financial institutions such as Morgan Stanley and Paypal.Bitwell is committed to building a fair and transparent global digital asset trading platform, providing investors with secure, convenient and intelligent blockchain derivatives trading services. Bitwell option contract will be officially rolled out for public beta on April 6, 2020. After the test is completed and functions are further optimized, it will be officially launched.

To give back to the community, BitWell officials initiated the following proposals: 300,000WELLs of the Community Node Incentive Program’s WELL (16% of the total) will be invested in the vault to reward WELL owners for their support.The community voting is now officially open to all registered BitWell users. BitWell officials will respect the community’s opinion and choose the proposal with more than 50% support. If the proposal is approved, it will be implemented when ‘WELL Vault 2.0’ opens. Please follow the official announcement for the detailed rule and open time about the ‘WELL Vault 2.0

Essential Information

Started Date April 6, 2020
End Date Unknown
Acceptable currencies USD, BTC, ETH
WELL Price $0.196465 USD
Token Name WELL
Token Symbol WELL
WELL ROI -6.02%
Website Link Home
Market Cap No Data
Circulating Supply No Data
Whitepaper Whitepaper
Market Rank #3934
Max Supply 2,100,000,000 WELL
Tokens exchange rate
Blockchain Ethereum

More about WELL (WELL):

A professional team with cross-industry experience in trading in Wall Street and operation in cryptocurrency exchanges. The assembling of talents from cross-industries with strong execution is the perfect match for the blockchain asset trading industry.
 
Incorporating the team‘s ten-year experience in market products, which featured high concurrency of millions of users, lightning speed, and less than 1ms latency.Diversified products, unprecedented low fee, deep order book and user friendly product design.
 
Team members and market makers come from top companies in blockchain, finance and Internet. Focus on the usability, fairness, liquidity of derivatives.High-standard Business Firewall brought in from traditional finance industry to eliminate insider trading, rat trading, and etc.
 
Self-developed multi-layer cold wallet system, users’ deposit addresses are cold wallet addresses and 100% guaranteed by insurance company and commercial bank.Part of operating profit is set aside as investor protection fund in case of market turmoil.
 

How to obtain WELL

WELL was launched at the same time that BitWell platform yield farming started on September 3, 2020 Singapore time. Users can obtain WELL by participating in yield farming. As of the end of yield farming on November 5, users have mined a total of 6.3 million WELLs.

In addition, users can receive WELL by participating in the BitWell platform ‘Free WELL with limited Privilege Card Subscription’ program. After WELL officially enters circulation on the blockchain, it will be directly available for purchase on the BitWell platform.

Genesis Era Round:

  1. Only for existing users who have participated in yield farming.

2.In the first round, the maximum subscription amount for regular users is the yield farming rewards amount; in the second round, the maximum amount for a single account is 2000 USDT and the minimum subscription amount is 1 USDT.

Dawn Era Round:

  1. Accessible to all users.
  2. The maximum amount for a single account is 500,000 USDT and the minimum subscription amount is 300,000 USDT.

Hero Era Round:

  1. Accessible to all users.
  2. Maximum 1,000 USDT for single account and minimum 1 USDT for subscription.

Seed round 4%, gradually unlocked after WELL enters the blockchain for 6 months, and will be unlocked linearly in 18 months;

Angel round 4%, gradually unlocked after WELL enters the chain for 6 months, and will be unlocked linearly within 18 months;

16% of the founding team will not be unlocked within 2 years, and then will be unlocked in no less than 2 years by linking to platform operating profits.

For 16% of the yield farming plan, users have mined 6.3 million(0.30% of the total), and the remaining 329.7 million(15.7%) have been completely burned; 8% of the plan part has been given away, and users can obtain by purchasing an NFT privilege card.

In the 8% giveaway plan, the Dawn Era’s Round gifted WELLs are in locked status for the first two months after entering circulation on the chain. Thus, in the first two months, 6.3 million WELLs (0.30%) from the Yield Farming and 42 million WELLs (2%) from the Genesis Era’s Round and 84 million WELLs (4%) from the Hero Era’s Round will be the first to enter circulation, for a total of 132.3 million WELLs (6.3%). After that, when the Dawn Era’s Round is gradually unlocked, the number of WELLs entering circulation on the chain will be 174.3 million, which is 8.3% of the total.

Uses and benefits of WELL

WELL is the representative of BitWell community rights, including:

  • Platform trading fee discounts
  • Offsetting options fees
  • Right of first refusal for products
  • Additional rebates
  • Community voting rights
  • Community governance rights
  • Voting rights for major platform decisions
  • Right to be selected as a Community Founding Partner
  • Customize Well-Man peripherals
  • BitWell Private Meeting (exclusive to old users of Genesis Era)
  • Exclusive content cooperation (exclusive to old users of Genesis Era)
  • BitWell Executive Dialogue (exclusive to old users of Genesis Era)
  • Dedicated customer service, VIP level +1 privilege (exclusive to Dawn Era users)

As such, BitWell will do its utmost to ensure that the price of the WELL is reasonable and stable, to continually increase its intrinsic value, to maintain the health of the BitWell ecosystem, to extend its reach and to provide additional points of connection to value for all participants.

 

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