Press Release

Build the world’s first decentralized auction exchange

Published

3 years ago

December 12, 2020

1：There were many similar auction items as early as 2017. What is the difference between us?

Auction uses DeFi technology, and the circulation of ACT is completely open and transparent. The total circulation of ACT is 100,000, of which 10,000 will be in circulation, and the remaining 90,000 will be automatically distributed in all auction mining pools. Among them, 8,000 of the 10,000 in circulation are injected into the uniswap liquidity pool, 1,000 are held by the technical team, and 1,000 are airdropped in the market.

2：Following the topic, apart from combining NFT, what else do we have different?

In traditional auctions, all those who participate in the auction will ultimately get only the auction item itself, which cannot create more value.

In the Auction auction system, all users participating in the auction can not only compete for the auction item, but also participate in the mining pool of the auction item to obtain more value.

3：How to participate in mining?

All users who want to participate in the auction activities go to the decentralized exchange uniswap to buy ACT tokens

Any user or team leader can initiate an auction in the decentralized DAPP. The auction amount and starting price are set by the initiator. The token being auctioned is ETH,

The user’s funds to participate in the auction are ACT

(For example, player A initiates 100 ETH auction activities in DAPP, then player A can set the starting price by himself, which can be set to 50ETH, 40ETH, 30ETH, etc.

For example, the starting price set by user A is 30ETH, then all users who want to participate in the auction can go to uniswap to purchase 30 ACTs of the same value to participate in the auction)

4：Mining ratio calculation

As long as a player initiates an auction on the DAPP, any global user can go to uniswap to buy ACT to participate in the auction. The amount of each user participating in the auction is:

On the basis of the auction amount of the previous user, an ACT equivalent to 30×1%=0.3ETH is added. (For example, the amount of the first user to participate in the auction is 30 ETH equivalent ACT, then the amount of the second user to participate in the auction

It is the value (30+30×1%)=30.3ETH equivalent ACT. If there is no user participating in the auction within half an hour, the bid of the highest bidder is successful, and the successful bid of the user means the end of the auction.

The 100 ETH auctioned on the chain is automatically sent to the wallet address of the successful bidder by the smart contract. All the ACT pledged by users participating in the auction and mining profits will be returned to the user’s wallet address.

Promoter’s income:

After a single auction is over, 1% of the total amount of ACT participating in the auction is automatically sent to the wallet address of the initiator of the auction by the smart contract.

Participants’ income:

Users who participated in the bidding but did not succeed in the bidding automatically mine, and the mining income is not fixed, and it is estimated that 2 to 3 points. Auction is mining.

Promotion reward:

Take 20% of each auction revenue of the first generation of the market + 10% of each auction revenue of the second generation of the market

5：How to get more ACT?

Users can participate in mining, how to allocate the mining ratio? In fact, it’s very simple. The system uses an invitation system to apply. That is to say, all users must fill in the invitation code to participate. The mining ratio will be 30% to the inviter, and the remaining 70% will be earned by participating users. In other words, in addition to obtaining ACT from mining by users, inviting users can also obtain more ACT.

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Press Release

Will Bulls or Bears Take Charge? $GFOX Set to 10X As $BONK Suffers Losses

Published

45 mins ago

December 3, 2023

Cloud PR Wire

–News Direct–

The crypto market is currently witnessing a tug-of-war between bulls and bears, with Bitcoin's price movements suggesting a possible bearish reversal. Despite a bullish sentiment that spread among all the best altcoins, there's a looming possibility of a downturn. Bitcoin's price already shows signs of slowing down after surpassing $38,000.

In the middle of this, two tokensGalaxy Fox ($GFOX) and Bonk ($BONK)have shown contrast paths that provide an insightful analysis of investor mood and market trends.

The Rise of Galaxy Fox ($GFOX)

In these uncertain times, when even some of the best altcoins start to struggle, Galaxy Fox shines brightly as a symbol of possibility and resilience. $GFOX is a unique hybrid DeFi architecture that smoothly blends play-to-earn platforms, staking, NFTs, and meme currencies.

The platform's focus on gaming is especially fascinating. It provides a cutting-edge Web 3.0 game that is both engaging and provides genuine income potential. With 50% of the prize money split among the top 20% on the leaderboard, players may win substantial prizes. This gamification gives the platform an interesting dimension that elevates it beyond the status of a simple financial instrument.

The ecosystem of $GFOX includes a booming NFT marketplace in addition to gaming. These NFTs are more than just collectibles; they improve users' game experiences by providing more competitiveness and agility.

The careful planning and long-term sustainability of $GFOX's approach is seen in its tokenomics. Each transaction has a portion designated for the treasury, staking pools, and liquidity pools to preserve market stability and liquidity. Also, the deflationary approach encourages long-term holding instead of short-term trading, which aligns with the goals of dedicated community members.

The early success of this new ICO crypto has been largely attributed to its presale approach. There are 10 phases to the presale, and the token price rises with each one. Potential investors feel pressured by this best ICO design, which also encourages early investment. More than $450,000 has already been raised after the first presale stage. The second stage has just opened, so make sure you join in and benefit from 9 more price boosts throughout the presale.

$BONK is on a Rocky Road

Bonk is in sharp contrast to $GFOX. Even though $BONK has increased by almost 4,500% so far this year, recent difficulties have clouded the company's trajectory.

$BONKs placement on Binance's perpetual futures market may represent a token value shift. After the news, $BONK already experienced a 14% price drop, a development that has raised investor concerns.

Historically, when Binance lists smaller cryptocurrencies, their values often peak and then decline. This was the case with $PEPE, whose value plummeted post-listing. Perpetual futures enable traders to short-sell, betting against the token's price, which can lead to increased volatility. This is particularly relevant for cryptocurrencies like $BONK, which may not withstand such speculative pressures.

Recent signs suggest that $BONK's price is now losing momentum, potentially ending its recent upward trend.

Conclusion

The market reaction to $BONK's listing on Binance's perpetual futures emphasizes the importance of real value and strong market support for volatile cryptocurrencies. This scenario highlights the increasing interest from investors in tokens like $GFOX, which distinguishes itself with its play-to-earn components, integrated DeFi architecture, and NFT integration. With these characteristics, $GFOX is well-positioned to weather market fluctuations and become an attractive competitor among the best altcoins.

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

Memecoin market is saturated with silly dog coin knock-offs and dodgy Pepe joke coins. What was once a thriving and fun-filled space has lately devolved into a wasteland of coins that lack real utility or serious development or even something just to make you laugh, like OG memcoins of the past Doge and Shiba Inu once inspired.

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Press Release

What is the bet365 70% Parlay Boost Promo?

Published

45 mins ago

December 3, 2023

Cloud PR Wire

–News Direct–

bet365 has another fantastic offer for keen sports fans to claim when placing a parlay bet on the site. In this article, we will be discussing all things bet365 and why it is one of the best sportsbooks in the United States, as well as dive deeper into the sites 70% Parlay Boost Promo on offer from the site in more detail.

What is bet365?

As one of the biggest and best sportsbooks in the industry, bet365 certainly stands out in any market. It focuses on quality and offers some of the best sports betting odds and markets that can be found among competitors. Players in most US states can play at bet365 legally thanks to the lifting of online gambling laws; however, there are still a few of the states excluded. It is fully accessible on a PC and is fully optimized for cell phones, too. bet365 has its own dedicated mobile app that can be downloaded across iOS and Android devices for free!

bet365 70% Parlay Boost Promo

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Summary

This is a fantastic opportunity to get started playing at bet365 sportsbook. With an offer that is hard to beat anywhere else and being on a site as established and reputable as bet365, players will not be disappointed. Head to the website now and sign up to claim your 70% Parlay Boost Promotion.

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COMTEX_444391867/2655/2023-12-03T14:50:17

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Press Release

New Altcoin Is Setting Record Pace: Can It Challenge Cardano and Ethereum In 2024?

Published

45 mins ago

December 3, 2023

Cloud PR Wire

–News Direct–

As we Meme Moguls 2024, the crypto arena is witnessing unprecedented developments, with this new entrant showcasing robust growth metrics and potential. But can it truly rival the dominance of well-entrenched giants like Cardano and Ethereum?

>> Buy Meme Moguls Now <<

Cardano Developments and 2024 Predictions

Cardano, currently priced at $0.3868, has been on an impressive upward trajectory, gaining 6.83% over the last week, and 32.87% in the past month. These figures hint at the growing investor confidence in Cardanos fundamentals and its roadmap for 2024. Still, Cardano has seen only 25.88% growth over the past year, modest compared to many other major players.

The year ahead is pivotal for Cardano, with significant technical upgrades like Input Endorsers and Hydra, and the integration of Mythril, which are set to enhance its transaction capacity, wallet synchronization, and overall network efficiency.

The Cardano Improvement Proposal (CIP) 1694 is expected to revolutionize its governance model. With its liquid democracy system, the network is set to become fully decentralized.

Price predictions for Cardano (ADA) in 2024 suggest a potential high of $2.02, with an average price of $1.695, and a potential low of $1.37. This forecast is influenced by factors such as the 4th Bitcoin halving and the rise of centralized finance institutions entering DeFi. Ethereum (ETH), on the other hand, is predicted to reach a potential high of $3,825.09, with an average price of $3,182.36, and a minimum price of $3,067.39 in 2024.

Ethereum Set for Strong 2024

Ethereum, with its current price standing at $2,063.41, has demonstrated a robust performance, marking a 15.75% increase over the past month and an impressive 76.16% growth over the last year. This sustained upward trend underscores Ethereum's resilience and innovation in the face of emerging competitors.

As Ethereum marches into 2024, it continues to build on its strengths with a roadmap focused on cheaper transactions, enhanced security, and a better user experience. Key developments like the implementation of staking withdrawals and scalability improvements through rollups are set to bolster Ethereums position further.

The integration of features such as proposer-builder separation and account abstraction underlines Ethereum's commitment to future-proofing the network, ensuring it remains a formidable contender against any new altcoin entering the fray.

Ethereum (ETH) is predicted to reach a potential high of $3,825.09, with an average price of $3,182.36, and a minimum price of $3,067.39 in 2024.

Meme Moguls Set to Beat Both Ethereum and Cardano

Meme Moguls, a relatively new entrant in the cryptocurrency space, is poised to outperform giants like Cardano and Ethereum in 2024. With its innovative approach, combining meme culture with digital asset trading, Meme Moguls offers a unique value proposition. Its potential for 100x growth stems from several key factors:

Community-Driven Platform: Meme Moguls is built around a strong community focus, leveraging the viral nature of memes to engage users and drive platform growth.

Staking and Rewards: Offering lucrative staking options and rewards for platform engagement, Meme Moguls incentivizes user participation and investment, fueling its growth potential.

Exclusive Features: With unique offerings like the Moguls Casino and the Moguls Exchange Trading Platform, it provides an engaging experience beyond traditional crypto trading platforms.

Robust Tokenomics: Meme Moguls has a well-structured token distribution, with a significant portion allocated for ecosystem development and exchange listings, which supports long-term growth and stability.

Market Positioning: As a meme-based utility token, it taps into the growing popularity of meme coins, a market segment that has shown explosive growth potential.

These factors, combined with a bullish crypto market outlook for 2024, position Meme Moguls favorably for exceptional growth, potentially outperforming established players like Cardano and Ethereum. The token is currently in its presale stage and can be acquired at $0.0021.

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