NEW YORK, April 24, 2023 /CryptoMediaWire/ — Coinscribble – April 21^st / Liquidity providers will share in 15,000 USDC and traders will compete for 15,000 USDC.

All of the option markets listed on Arbitrum are eligible for the trading competition including: Ethereum, Bitcoin, Matic, Solana, Avalanche, Doge, Cardano, Aave, Polkadot, Sushi, BNB, Chainlink, Uniswap and Ripple!

Details about the trading competition can be found on the Optix blog:

https://blog.optixprotocol.com/p/altcoin-option-trading-competition

What is Optix?

Optix is a decentralized option protocol where you can trade options on top crypto assets with up to 50x leverage and earn sustainable yield selling options, directly from your wallet.

What are the unique benefits of Optix?

Optix is revolutionizing the options trading industry with its unique features. One of the standout features is that it offers options on a wide range of assets, not just BTC and ETH. This provides traders with a diverse range of investment strategies that can be tailored to their specific needs.

In addition to a diverse range of assets, Optix offers a simple user experience. The option buying and selling process can be confusing and complicated, but with Optix, it’s as simple as using a decentralized exchange. The platform also supports multiple chains, including Arbitrum and Polygon, making it accessible to a wider range of users.

How does it work?

Collateral in a vault can be used to sell options across multiple assets, put/call directions, expiries, and strikes. This ensures that traders are able to maximize their capital utilization and investment opportunities. Vaults can be created and operated by anyone permissionlessly and compete to offer the best prices to the buyer.

All options on Optix are fully collateralized, non-custodial, and on-chain, providing greater security and transparency to traders.

Who can benefit from Optix?

Optix provides a range of solutions that cater to different types of users, including protocols, DAOs, investors, retail traders, market makers, and institutions.

For protocols, DAOs, and project investors, token vaults and structured products built on a protocol’s native tokens or DeFi primitives offer leverage, risk management & yield opportunities.

For retail traders, Optix provides leverage, portfolio insurance, and yield earning through liquidity provision to vaults.

Market makers & institutions can benefit from Optix’s block trading capabilities for large privately agreed trades against KYC’d and whitelisted parties only, the provision of liquidity at scale, delta hedging and risk warehousing using their own tooling, and using options to hedge their exposure from other trades.

Referral Program

Optix has an exciting on-chain referral program! You can earn a share of the action every time you invite your friends to trade on Optix. For every successful referral, you’ll receive a generous .05% of the notional value of the trader’s transactions. That’s right, simply by spreading the word about Optix, you can start earning today! Don’t wait any longer, join our referral program and start earning rewards.

Tokenomics

OPTIX is Optix’s native protocol token; it will be launched in Q3 of 2023. The OPTIX token will be a standard ERC-20 on Ethereum.

The OPTIX token is a utility and governance token that provides ownership and governance of the Optix protocol to the Optix Community. The more OPTIX tokens held, the more voting rights one can accrue. This shared control enables alignment of incentives between the Optix team, community, traders, investors, and partners of the ecosystem.

Token use cases

Protocol governance

Receive a proportion of protocol fees

Reduce trading fees

Boost liquidity rewards

Investors

$1.8 million was raised in a funding round led by Skynet Trading, followed by Ascensive Assets, Arrington Capital, LVT Capital, Morningstar Ventures, SkyVision Capital, Huobi Global and Phemex.

Twitter: @OptixProtocol

Website: optixprotocol.com

SOURCE Optix Protocol

The post Optix Launches An Altcoin Option Trading Competition with $30,000 Prizes appeared first on CryptoMediaWire.

The post Optix Launches An Altcoin Option Trading Competition with $30,000 Prizes appeared first on CryptoMediaWire.

SINGAPORE, March 14, 2023 /CryptoMediaWire/ — XT.COM, the world’s first social-infused digital assets trading platform, has been awarded the “Best Crypto Platform 2023” award at the Crypto Expo Dubai 2023 event.

Being one of the few exchanges that seek to provide users the fastest centralized exchange opportunities, XT.COM has been providing its users speedy trading access to the newest and trending tokens available while lowering the barrier-to-entry requirements for smaller web3 projects unable to overcome the unreasonable listing criterias of other exchanges.

Crypto Expo Dubai 2023, organized by Hqmena, has brought together top investors and leaders in the cryptocurrency industry to network and discover new business possibilities while providing a unique opportunity for cryptocurrency businesses to learn about the industry, cryptocurrencies, blockchain technology, and web3 businesses. The Crypto Expo Dubai 2023 event provided a unique opportunity for cryptocurrency businesses to learn about the industry, altcoins, blockchain, and consensus. The event also offered top-notch educational resources and networking possibilities to help businesses in the cryptocurrency industry grow and succeed.

XT.COM Adjusts its Marketing Plan

During the cryptocurrency conference in Dubai, the XT.COM team effectively displayed the range of cryptocurrency services offered by the quickly expanding exchange and described their approach to achieving widespread acceptance.

The reps made the most of the rare opportunity to network with the top experts in the cryptocurrency industry and acquired fascinating new insights on how to improve their marketing approach. In-person meetings were also held where they discussed strategies to expand their business potential in the cryptocurrency sector with executives from a number of different crypto firms. The XT.COM team honored its devoted fans and supporters by dedicating the “Best Crypto Platform 2023” award to them.

A Word from the Top

Albin Warin, CEO of XT.COM, gave a speech at the Expo on March 8th, highlighting the importance of the role that communities play in the web3 industry.  “We are thrilled to receive the ‘Best Crypto Platform 2023’ award at the Crypto Expo Dubai 2023 event,” said Albin. “This award is a testament to our commitment to providing a secure and trusted trading experience for our users, as well as our dedication to fostering a strong sense of community among our users. We are proud to be recognized as one of the top cryptocurrency platforms in the industry and will continue to work hard to maintain this status.”

Receiving this award has solidified XT.COM’s position as a leading cryptocurrency platform and community in the industry. The team looks forward to continuing to provide innovative solutions and services to its large user base and expanding its reach in the industry.

About XT.COM

Founded in 2018, XT.COM serves more than 6 million registered users, over 1,000,000+ monthly active users, 40+ million users in the ecosystem, and 800+ trading pairs. Since then, XT.COM cryptocurrency exchange has expanded its offerings by covering a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. One such addition is Crypto Futures Trading which includes USDT-M Futures and coin-M futures perpetual contracts, as well as prediction markets where users can conduct transactions by predicting the results of future events. Additionally, the Futures Grid allows users to automate the buying and selling of futures contracts to make profits.

Website: https://www.xt.com/

Twitter: https://twitter.com/XTexchange

Telegram: https://t.me/XTsupport_EN

SOURCE XT.com

The post XT.COM Wins “Best Crypto Platform 2023” Award at Crypto Expo Dubai 2023 appeared first on CryptoMediaWire.

The Solana Foundation integrates ChatGPT and announces strategic grants and accelerator program focused on AI growth and development on Solana

SAN FRANCISCO, May 23, 2023 /CryptoMediaWire/ — The Solana Foundation, a non-profit foundation dedicated to the decentralization, adoption, and security of the Solana network, today announced the Solana blockchain has become the first Layer 1 blockchain to integrate artificial intelligence with a ChatGPT plugin developed by Solana Labs. In addition, the Solana Foundation has announced an AI accelerator program for university students and a strategic grant program to accelerate the usage and integration of AI on Solana.

The ChatGPT plugin integrated with Solana, the first for a Layer 1 blockchain, is currently available as a download from Github. This integration from Solana Labs serves as a reference for how AI can make it easier to understand Solana data and protocols, or surface data about Solana’s computing infrastructure and DeFi projects. The plugin can be used to buy NFTs, transfer tokens, inspect transactions, interpret public account data, and find NFT collections by floor price.

“Every developer building consumer-oriented apps should be thinking about how their app is going to be interacted with through an AI model because this is a new paradigm for telling computers what to do,” said Anatoly Yakovenko, Solana co-founder and Solana Labs CEO (read more about AI from Anatoly here). “AI will make Solana more usable and understandable.”

The main characteristics of Solana – fast throughput, near zero costs and ease of use – allow AI models to interact seamlessly and efficiently on the network. While only in its early stages, Solana has become the center of a groundswell of AI activity happening in web3.

The Solana Foundation also announced today that it has increased the amount available in an AI-focused strategic grants program from the originally announced $1 million to up to $10 million. The grants program is intended to encourage the ecosystem to explore new use cases of machine learning models interacting with Solana protocols in safe and interpretable ways. The rolling grants program has already received 50 applications; new and existing projects can apply here.

The Solana Foundation also kicked-off a 3-month long accelerator program for university students that has a full cohort dedicated to experimenting with blockchain and AI. The program received hundreds of applications from projects and contributors, and the AI cohort has already resulted in an ask Solana U chatbot, which answers questions about Solana development and helps find the right Solana documentation, as well as Solana Audits AI, which is designed to enhance security for Solana-based programs.

The Solana ecosystem is also making major strides by leaning into AI and several projects are already utilizing AI technology:

• Hivemapper launched AI Trainers in mid-April to accelerate the ability of its AI to convert real world imagery into high quality digital maps with necessary details covering speed limits, warning signs, and other street-related information. Since then, contributors have initiated 5.7 million AI training reviews with 500,000 objects achieving consensus.
• Context built AI-powered chatbots focused on Solana and more than 30 Solana ecosystem projects.
• The MarginFi team introduced the Omni chatbot to answer questions about Solana and a range of Solana-based projects, including Meteora, Jupiter, Tensor, Mango Markets, Zeta, Kamino, Lido, Orca, and many more.

For more information please visit https://solana.com/AI.

About Solana Foundation
The Solana Foundation is a non-profit foundation based in Zug, Switzerland, dedicated to the decentralization, adoption, and security of the Solana network. For more information, please visit https://solana.org/.

About Solana Labs
Solana Labs is a technology company, a developer of web3 projects, a creator of open source software, and the author and publisher of a Solana validator client. Solana Labs is based in San Francisco. For more information, please visit https://solanalabs.com/.

About Solana
Solana is a blockchain built for mass adoption. It’s a high performance network that is utilized for a range of use cases, including finance, NFTs, payments, and gaming. Solana operates as a single global state machine, and is open, interoperable and decentralized. For more information, please visit https://solana.com.

Media Contacts
Arielle Pennington, Head of Communications, Solana Foundation
Chris Kraeuter, Communications Manager, Solana Foundation
press@solana.org

SOURCE Solana Foundation; Solana Labs

The post Solana Becomes the First Layer 1 Blockchain to Integrate Artificial Intelligence with ChatGPT appeared first on CryptoMediaWire.

WASHINGTON, May 22, 2023 /CryptoMediaWire/ — At the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced the official launch of Unicoin, an international central bank digital currency (CBDC), that can transact SWIFT-like cross-border payments over digital currency rails completely bypassing the correspondent banking system at guaranteed best-priced FX rates and with instantaneous real-time settlement.

Universal Monetary Unit (UMU), Unicoin, symbolized by ANSI Character, Ü, is legally a store of value money commodity regulated by the U.S. Commodities Futures and Trade Commission (CFTC) and can transact in any legal tender settlement currency.

A national CBDC and an international CBDC are vastly different. A national CBDC is merely a digital form of legal tender and carries the same economic reality of its legal tender. If a national legal tender is systemically depreciating in value, so will its CBDC.

An International CBDC is not an unbacked cryptocurrency like Bitcoin and is not a national CBDC issued by central banks. So, what is it and how does it work?

It is challenging for many central banks to maintain monetary sovereignty of its legal tender because global forex markets value a legal tender in relative value to its advanced economic trading pair, such as USDMXN, regardless of the fiscal and monetary policies a government and central bank may adopt.

This trading pair encumbrance in the international monetary system is the reason why most national currencies are not a great store of value and the reason why many emerging market economies are seeking cryptocurrency alternatives.

The problem with cryptocurrencies is that they are too volatile and do not perform like money. Crypto volatility is vastly caused by its limited circulating supply controlled by a few large coin holders, or whales, and an organized number of ‘pump and dump’ traders and market makers who trade up the price of a cryptocurrency with the intent to dump it in large volume once it hits a price target.

The high volatility of crypto is ideal for short-term speculative traders but comes at the expense of the coin not being widely adopted as a resilient store of value and as a medium of exchange.

Unicoin solves the shortcomings of both CBDCs and cryptocurrencies and brings together the best of both worlds into one cryptographic innovation.

Unicoin is a money commodity that can coexist alongside any national legal tender. Unicoin adopts a monetary policy framework with decentralized governance, establishing a digital economic union amongst its participating countries and qualifying Unicoin as a reserve currency for central banks.

Its monetary policies are designed to minimize volatility and to sustain its value better than any fiat legal tender mitigating against and potentially reversing seasonal and systemic local currency depreciation.

For example, if a commodity purchase contract or a foreign direct investment (FDI) is negotiated in U.S. Dollars, and the payor’s national currency depreciates on average ten percent a year, that contract would increasing cost approximately ten percent more each year, $1.1M, $1.2M, etc.

Whereas, if the payor held their money in Unicoin over a one-year period and then paid the equivalent UMU value at the time of payment, that same purchase or FDI contract could cost $500,000 USD instead of $1.1M USD.

The actual USD cost depends on the improved store of value of UMU over the same period.

Unicoin adopts monetary policies, liquidation controls, asset pricing targets, and its own network of in-house market makers to minimize downside volatility and to achieve its asset pricing targets.

Unicoin can withstand buying and selling shocks to its monetary system while maintaining price stability. Unicoin is not sold at the best market price like most asset classes. Best market pricing is another practice that leads to continual price volatility.

Unicoin is always sold at a significant discount to its network market value. This monetary policy enables establishing and controlling the asset pricing of Unicoin over time.

In summary, Unicoin is a low-volatility money commodity with cash reserves, performs like money, and is governed as a sustainable store of value and a medium of exchange. In addition, it functions like a CBDC and complies with all the banking sector regulations for KYC, AML, sanctions, and other requirements.

Unicoin deploys a global localization digital currency public monetary system enabling each central bank to configure their own compliance and money transfer rules. Then, at the time of payment, only the payor and payee jurisdiction rules are applied to enforce compliance.

Unicoin is politically agnostic with no centralized enforcement rules and no centralized surveillance features. Each government and central bank decide on their national and monetary sovereignty rules and configure those rules within the Unicoin Network.

For more information on the DCMA, visit https://dcma.io.

Media Contact:

Ruth Marshall
+1-704-303-5359

SOURCE Digital Currency Monetary Authority

The post The DCMA Explains Why an International CBDC is the Best Innovation for Store of Value and Medium of Exchange appeared first on CryptoMediaWire.

VICTORIA, Seychelles, May 22, 2023 /CryptoMediaWire/ — Bitget, top crypto derivatives and copy trading platform, officially launched its blockchain courses through Bitget Academy on the occasion of Bitcoin Pizza Day and celebration events. The courses are part of Bitget’s Blockchain4Youth project aimed at educating and empowering the next generation of blockchain leaders.

To support the youth and encourage their involvement in blockchain technology, Bitget is adopting a 360-degree approach. One essential step is offering blockchain courses and certifications through Bitget Academy, as well as hosting campus lectures in partnership with renowned universities worldwide. Bitget noticed a lack of educational resources for gaining systematic knowledge. Accurate and thorough  understandings of blockchain and crypto, will help improve the image of the industry, and help cultivate talents for the future development of the whole ecosystem.

Bitget Academy’s blockchain courses are divided into three modules:

1.  Introduction to Blockchain – Explains blockchain basics, how the technology is transforming industries, key features of blockchain and its value.

2.  Inside a Blockchain Future – Covers different consensus mechanisms, layers of blockchain networks, blockchain bridges, interoperability, security and privacy.

3.  Blockchain Applied – Focuses on the applications of blockchain including cryptocurrency, DeFi, NFTs, web3 and real-world use cases.

People who complete all courses and pass the exam will receive a Blockchain4Youth Certificate issued by Bitget Academy. Bitget aims to make blockchain education open and accessible to people of all backgrounds. Alongside the course launch,  a series of campus lectures would be held in top universities across Taiwan, Vietnam, and Thailand,  as part of the CSR initiative. In the coming months, Bitget also plans to introduce scholarships to provide financial assistance to young blockchain enthusiasts. Bitget recently held its first lecture at National Taiwan University, covering the topic of “Investing with Knowledge and Understanding”. In the coming months, Bitget also plans to introduce scholarships to provide financial assistance to young blockchain enthusiasts.

“Blockchain is the future, and the future belongs to our youth,” said Gracy Chen, Managing Director of Bitget. “Bitget is dedicated to supporting the leaders of tomorrow by providing the knowledge and tools to build a blockchain-powered world. The promise of an open, decentralized blockchain future can only be realized if we invest in educating and empowering our youth. Bitget Academy’s blockchain courses are designed to make people future-ready by giving them the knowledge and tools to build a new blockchain-powered world.”

To celebrate the launch of its blockchain curriculum and Bitcoin Pizza Day, Bitget is hosting celebration events in over 12 cities and regions, with an attractive prize pool of 60,000 BGB and over 100,000 USDT to be shared for online and offline campaigns.

About Bitget

Bitget, established in 2018, is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.

For more information, visit: Website  |  Twitter  |  Telegram  |  LinkedIn  | Discord

SOURCE Bitget

The post Bitget’s Blockchain4Youth Project Debuts Educational Blockchain Courses appeared first on CryptoMediaWire.

OSTRAVA, Czech Republic, May 22, 2023 /CryptoMediaWire/ — Eastern Europe’s most popular crypto exchange is getting a new look and added features.

Zonda, one of the largest crypto exchanges in Eastern and Central Europe, is excited to announce its transformation into zondacrypto, a name that signifies a new focus on harnessing the power of blockchain and cryptocurrency. The rebranding marks the beginning of a new era for the exchange, highlighting its commitment to becoming the leading digital asset exchange in the EU.

“The cryptocurrency industry has experienced a period of significant change over the past year and now, as we enter a new era, we feel it’s appropriate to do so under a new name. The evolution to zondacrypto represents our unwavering commitment to the industry we serve, to innovation, and to our customers. We are confident that our new name and brand will further empower us to continue our mission of driving positive change in the industry and creating a brighter future for our customers and stakeholders,” says Przemyslaw Kral, CEO.

As part of the rebranding, the zondacrypto token (ZND) will be introduced. ZND is an innovative utility token that will offer users unique benefits such as lower trading fees, staking, exclusive access to new projects, and the ability to participate in governance decisions. The recently updated fee structure, featuring a tiered system, will also enhance the user experience, further fueling the growth of the platform.

Users will have the chance to win some of the first ZND tokens in a trading competition running from 12 to 29 May on zondacrypto’s platform. By celebrating the rebranding in this way, participants could win up to €2,000 in prize money, split 50/50 between cash and ZND tokens.

The decision to rebrand to zondacrypto was made to adapt to the changing landscape of digital finance and better cater to the needs of its users, focusing on the intersection of Web2 and Web3 technologies. The platform will continue Zonda’s mission to bridge the gap between the old world of finance and the new world of blockchain by offering a safe, regulated, and compliant platform that educates users about crypto.

The zondacrypto brand envisions a future where the platform can empower even more individuals by combining the best aspects of Web 2.0 and Web 3.0 technologies. The rebranding to zondacrypto is just the beginning of this transformative journey.

SOURCE zondacrypto

The post Introducing zondacrypto: A New Identity for a Global Exchange appeared first on CryptoMediaWire.