CryptoAdventure

KVX.com – A Project Introducing Investors to a New Crypto Trading Era

KVX.com is a new crypto trading platform looking to introduce investors to a whole new dimension of trading. The team has a vision for the project, as we will explain in the article.

The project aims to be a significant player in the European market. Investors should consider some fundamental aspects before deciding whether or not to get involved with this project. Today's review will take a closer look at what KVX.com offers investors.

What Is KVX.com? KVX.com (or KVX) is a Lithuanian-based company aiming to provide a state-of-the-art digital asset trading platform.

KVX received a Virtual Asset Service Provider (VASP) license from the Lithuanian FCIS and issued by the Lithuanian Business Register. KVX.com plans to offer everyone a customer-friendly, intuitive, and secure digital asset trading experience.

Without further ado, let's take a closer look at what KVX.com is. We’ll discuss how it plans to change the digital asset trading landscape and what you can expect from this exchange.

The Team's Vision We can summarize the team's vision at KVX by listing its four pillars: security, compliance, accessibility, and low fees.

Specifically, KVX intends to be one of the world's most secure crypto trading platforms. It will have bank-grade security, which means it will comply with all relevant regulations.

Furthermore, it will be accessible from anywhere worldwide and will have very low fees. The combination of these two factors paints the picture of a highly scalable project. Those not familiar with the “scalability” concept can see it as the ability to grow without running into problems.

A new project with no scalability potential would have difficulty succeeding. This is because it would eventually run into problems it could not solve. KVX explains it has the potential to grow with a solid foundation on which the team can build.

The Main Features of the Project What do we know about KVX's main features so far? Well, we already have a list of some of the main features available on the website. These include:

A wide range of assets: the platform will have over 600 assets available for users to buy or sell.

Derivatives: users can trade on an asset's future price action via derivative contracts.

OTC Trading: the platform will offer private quotes for buying or selling in large volumes.

Launchpad: the platform will allow users to invest in new crypto projects that are not yet on the market.

Staking: users can receive rewards simply by holding specific crypto assets.

FIAT payment: Users can buy crypto with a credit/debit card. They will also be able to deposit or receive FIAT via wire transfer.

If we look at the bigger picture, it seems that KVX wants to provide a one-stop solution for crypto trading. This is true for both retail and institutional investors. In other words, the platform addresses crypto users of all levels of experience.

The team has also promised to work hard on improving and introducing new features.

A New Player in the European Market KVX is ready to enter the European crypto market with a new and innovative product. The company has been working on this project for a while and is now ready to launch. KVX will aim to provide a crypto trading platform allowing investors to trade in a new dimension.

The appeal of the European crypto market is different compared to the Asian and American ones. In the US, crypto is mainly about investing, while in Asia, it generally focuses more on payment purposes. In Europe, crypto is a hybrid between the two, as investors are interested in both aspects.

KVX wants to provide a platform that is convenient to use with all of the features crypto traders need. The company is confident that it can offer an excellent service to its users. Through this strategy, the team strongly believes KVX may become a leading player in the European crypto market.

Fundamental Aspects to Consider When Looking at KVX.com There are several fundamental aspects to consider when looking at KVX.

The first is “security.” The team wants to hold security as its number one priority. The project securely stores all assets, user data, and information. The platform undergoes extensive third-party audits to ensure it meets the highest possible standards.

The second aspect is “design.” The team has designed the platform to allow users to handle various investment types and trading strategies intuitively. The platform is available on any device, anywhere, anytime, as the team puts it.

The third aspect is “performance.” The team has a high-performance trading infrastructure designed to handle users' needs. The team explains it is experienced in cutting-edge technologies and can deliver world-class software.

The fourth aspect is “flexibility.” Markets and technical requirements may change over time, but the team is ready. The team's customer focus and ability to quickly adopt new technologies make the platform stand out, according to the team.

These are the four fundamental aspects to consider when looking at KVX.com. The team has a clear vision for the project and dedication to delivering the best possible experience to its users.

The Launch of the KVX Token This review would not be complete if we did not spend enough time introducing the project's native token. The “KVX Token” (KVX) is an Ethereum ERC20 utility token that comes with a wide range of benefits for its holders. These benefits include discounts on fees, VIP status, airdrop participation, early access to launchpads, and priority access to new features.

The total supply of KVX Tokens is 600 million, including this project in those with a limited amount of coins. Many projects choose to limit their total supply because it often results in a higher value per coin.

Capping the token supply comes from a fundamental macroeconomic law called the law of supply and demand. When there's high demand for a product with limited supply, the price of the product goes up. Tokens with uncapped supply often deal with inflation and, hence, a lower value per coin.

Final Thoughts KVX is about to enter the European crypto market with a new and innovative product. The business has been developing this project for some time, and it is finally prepared to go live. KVX will try to offer a cryptocurrency trading platform that enables traders in a new era.

KVX wants to be a convenient crypto trading platform with all of the features that crypto traders need. The company is persuaded it can provide a great service to users and become a leading player in Europe.

The KVX token will give holders benefits, which is why investors will keep an eye on the project. Visit KVX's website:https://www.kvx.com/ and social media pages for more information: LinkedIn: https://www.linkedin.com/company/kvxcom/ Twitter: https://twitter.com/kvxcom Facebook: https://www.facebook.com/kvxcom

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects or cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurrencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision.

KVX.com Launches Crypto Trading Services in the EU

KVX.com announced the launch of its crypto trading services in the European Union. With this announcement, KVX becomes one of the companies to provide these services in the EU.

The move will help the company to gain a foothold in the growing European market for digital assets. The new platform offers a broad set of features designed by the team’s experts. The strategy will make it easier and more convenient for investors to get involved in the cryptocurrency market.

Entering an Appealing Market The European crypto market is growing at a rapid pace. Research firm Statista estimates that this market's revenue will increase by an average of 16% yearly between 2023 and 2027.

The growing demand for digital assets relies on several factors. Among these, one can include the increasing awareness of cryptocurrencies. More and more developers release new applications for blockchain technology, and crypto is attracting institutional investors into the market.

The launch of KVX's crypto trading services in the EU will help the company to capitalize on this growing market. With its broad range of assets, low fees, and security, KVX is well-positioned to attract new investors in the region.

The European Union is an attractive market for KVX and other companies offering crypto trading services. This is due to the region's large population, high economic development, and supportive regulatory environment.

A Broad Set of New Features KVX.com will soon offer European customers an exciting set of new features. The project will give users a broad set of assets to choose from. Furthermore, the platform will offer derivatives trading, OTC trading, a launchpad for new projects, and FIAT payment options. These features will help KVX.com stand out and attract new users.

KVX.com is committed to providing the best possible experience for its users. The team is constantly adding new features and improving the existing ones. Shortly, KVX.com wants to become the go-to platform for crypto trading in the EU.

About KVX.com The project's founder describes KVX.com as a “state-of-the-art trading platform.” The website will make it easier for investors to get involved in the cryptocurrency market. The new platform offers a broad set of features, including derivatives trading, OTC trading, and FIAT payment options.

With today’s news, KVX joins the list of businesses offering these services in the EU. Investors will keep an eye on how this company develops its offering in the coming months.

Anyone interested in learning more about KVX.com may find helpful information on its website: https://kvx.com/ and the social pages below.

Twitter: https://twitter.com/kvxcom LinkedIn: https://www.linkedin.com/company/kvxcom/ Facebook: https://www.facebook.com/kvxcom

Baby Shark BubbleFong Friends Secures Capital Investment from GSR

BBF Limited (Foundation of the upcoming P2E game Baby Shark BubbleFong Friends) announced that it has secured a capital investment from global blockchain investment powerhouse GSR to help grow the Baby Shark BubbleFong Friends’ operations, infrastructure, and game ecosystem. The funds will be utilized to secure the platform’s pathway to a successful launch in gaming markets all over the globe later this year.

GSR is one of the world’s most successful blockchain and crypto financial service firms. Having offices across the globe, they focus on finding cryptocurrency projects that are building the future of finance.

Baby Shark BubbleFong Friends is a gaming project that aims to pioneer the popularization and generalization of Play-to-Earn (P2E) gaming through their world-renown representative IP: The Pinkfong Company’s Pinkfong and Baby Shark.

Baby Shark BubbleFong Friends already has an impressive resume being one of the featured games at South Korea’s largest game convention G-STAR 2021, forming a partnership with the famous K-pop group, being selected as one of the featured projects at the NFT, METAVERSE, GAMEFI 2022 conference in Manila, Philippines, and collaborating and holding an NFT pre-sale that sold out in 30 minutes with the world’s largest NFT marketplace: Binance NFT. With this capital backing from GSR, the project's already long list of achievements gets even stronger.

“We are extremely excited to be receiving this investment from such a prestigious firm, and their confidence in Baby Shark BubbleFong Friends’ success speaks miles about the potential of our project,” commented Joseph Kim, CEO of BBF Limited. “Not only will this investment help carry us through to our launch later this year, but also the strong relationship that we’ve been building with GSR will open many opportunities for us that may not have been accessible before.”

To learn more about the game and stay up-to-date on any more announcements related to its launch, visit their official Whitepaper: https://bubblefong.gitbook.io/whitepaper/extras/baby-shark-bubblefong-friends and Social Media and Community Channels: https://linktr.ee/bubblefongfriends

To learn more about GSR and their services, visit their website: https://www.gsrcapital.io/.

About BBF Limited: BBF Limited, a foundation located in Saint Vincent and the Grenadines, oversees the Baby Shark BubbleFong Friends game business.

Boui – A New Way to Look at NFTs

It is becoming increasingly popular for people to hold unique digital assets called non-fungible tokens, or NFTs. These tokens live on blockchain platforms, and you can use them in various ways.

However, there has yet to be a definitive way to connect NFTs with the real world. Boui is a new project coming from Southern California looking to change that. Today's review will look specifically into Boui's offer to this growing sector.

What Is Boui? Boui is an upcoming non-fungible token marketplace focusing on physical goods and collectibles. The platform runs on blockchain technology, allowing for increased security and transparency. Boui will also use smart contracts to facilitate transactions and protect the rights of buyers and sellers.

The marketplace wishes to be user-friendly and offer various features that will appeal to collectors and investors. The subsections below provide more details about this matter.

The fact that respectable suppliers and producers have expressed interest in Boui is another crucial factor to take into account. This will open up new opportunities for collaboration on the project.

Connecting NFTs to the Real World The project connects NFTs to the real world by providing a way for people to purchase NFTs with multiple devices. In addition, the team aims to create a community around the use and exchange of NFTs. To do this, they will host events and gatherings worldwide.

The goal is to bring people together to discuss the use of NFTs. These events are also a good way to exchange ideas and build a community around this new technology.

Networking is a vital part of the Boui initiative. In this sense, the team plans to use this strategy to make a stronger community around NFTs.

A Better Understanding of Boui's Marketplace Boui's marketplace differs from other NFT marketplaces because it offers a more personal touch. You can browse through collections of NFTs and select the vendor you want to purchase from. There are two things you can do on the platform:

“Boui” your NFT: Re-list your NFT for sale on the marketplace “Burn” your NFT: Get your physical item priority mailed to you This marketplace is a new way to get your hands on some of the most sought-after NFTs. If you're looking for something new and exciting, you can choose to check out Boui's marketplace.

One of the most original features of this project is, as you can easily understand, the “Boui” feature. The functionality lets you store your physical asset at one of the project's secure and insured climate-controlled storage facilities. This is an excellent option for those wishing to keep their assets safe without worrying about shipping or anything else.

The Chance to Join the Crypto Staking Craze Boui's staking mechanism is one of a kind. Locking up your tokens for a while allows you to earn a piece of every sales fee on the marketplace. The longer you stake, the more you earn, as the team explained on its website. Staking is the new hotness in crypto as investors look for ways to earn a yield on their digital assets. Platforms like Ethereum and Cosmos have staking mechanisms built into their protocols. This choice allows users to lock up their tokens to help secure the network and earn rewards.

Boui's staking system is similar to these other platforms but with a twist: it lets you use Boui tokens on NFT airdrops that regularly happen on the marketplace.

Boui represents a way to enter the growing crypto-staking phenomenon with a project that is still in its early stages.

The Project's Token and Economics If you are not new to cryptoland, you will have a general understanding of the importance of a project's tokenomics. For the uninitiated, a project's tokenomics refers to the economic model underlying the issuance, distribution, and circulation of its token.

This is an important aspect to consider when assessing any crypto asset. Specifically, it will directly impact its price discovery and, ultimately, its value. With that said, let's take a closer look at the tokenomics of Boui. The Boui token will enable this team to power the ecosystem of their project. The team chose to divide its total supply among the following groups: Liquidity: Most of the tokens will go to provide liquidity on exchanges. The team believes this will help price discovery and promote a healthy secondary market for the token.

Development & Artist Partnerships: For an NFT project, it is crucial to constantly stream new and fresh content. The team has set aside a significant portion of the supply for partnerships with artists, developers, and other content creators. This will ensure that something new and exciting happens in the Boui ecosystem.

Marketing operations: We cannot stress enough the importance of a good marketing strategy for any project, especially in the early stages. Consequently, the team has set aside a reasonable amount of tokens for marketing purposes.

Staking: As previously mentioned, staking is vital to this project. A certain amount of tokens will help Boui build a pool for the staking rewards. Launchpad: The team plans to use a portion of the tokens for a token launchpad. This will help them further decentralize the project and give more power to the community.

Team: Finally, the team will keep a small percentage of the tokens. This ensures they have a good incentive to continue working on the project and delivering results.

As you can see, the Boui team has carefully considered how to distribute its token supply of 11 million tokens. This shows they are committed to creating a healthy and sustainable ecosystem for their project.

A Deeper Look into the Team's Roadmap Every new crypto project should have a clear and concise roadmap. The Boui team has done an excellent job communicating their plans for the future. Here is a quick rundown of what they have planned.

Phase “Beta” The project aims to help people looking to invest in NFTs get a better understanding of the risks involved. The beta phase of the project featured the audit and KYC process and the test net marketplace. By providing a test net marketplace, the team launched a safe environment for users to experiment with trading NFTs.

Furthermore, the KYC and audit phase proves this team's commitment to being a responsible and safe investment platform.

Phase One The team will be ready for its ILO launch, providing the funding necessary for the marketplace site development. With phase one complete, the team can move on to building a more secure and user-friendly platform. The goal of this operation is to appeal to a broader range of users.

Phase Two In the team's plans, phase two features a marketplace allowing people to buy, sell, or trade their Boui NFTs. The team is also planning its first in-person event, representing a new way for people to interact with the project.

Phase Three The third phase will see the Boui community benefiting from the ecosystem much more significantly. Specifically, token holders will receive a percentage of every transaction made on the marketplace as dividends. This is an incredible development as it means that those holding Boui tokens will benefit directly from the platform's success. The operation provides an additional incentive for people to use the marketplace. Namely, they will be able to earn tokens simply by making purchases.

In addition, the team will complete the burning operation of 25% of its supply. This means that they will burn one token for every four tokens sold. This operation aims to reduce the overall supply of Boui tokens and increase the value of each coin.

The third phase is an important one for the Boui community. During this phase, the platform may indeed begin to take off and become a significant player in the NFT space. This, combined with the burning operation, could lead to serious gains for those holding Boui tokens, according to the team.

Phase Four The last phase in the team's roadmap is to open the Metaverse store. This is a store that will focus on selling NFTs.

All the NFTs sold in the store will come with a 3D version that anyone can use in the Metaverse. This will allow people to own assets in both the real and virtual worlds. The team expects this phase to occur in 2023.

Final Thoughts – A New Connection Between NFTs and the Real World The ambitions of this project are clear. The team wants to create a new way for people to interact with NFTs. They want to provide a service that helps people invest in NFTs responsibly. Furthermore, they want to do all this while providing a service that is easy to use and accessible to everyone.

In general, only the market can decide if this project will be successful. However, the team has put a lot of thought into their plans. They have laid out a roadmap that makes sense and provides a clear path to success. Boui could become a significant player in the NFT space if they can execute their vision.

For more information on Boui, the project's website: https://burnorboui.com contains more information about this new initiative.

Ushi – An Upcoming Platform for Crypto Analytics

In recent years, the cryptocurrency space has seen an explosion in growth and activity. With many people investing in digital assets, it's become increasingly important to have access to reliable data and analytics tools. This is where Ushi comes in.

Ushi is an upcoming platform that provides users with detailed insights into the cryptocurrency market. Powered by Cloud Devs, the project wishes to be user-friendly and accessible to everyone. This article will take a closer look at Ushi's features, tokenomics, and roadmap.

What Is Ushi? Those unfamiliar with the world of data analytics can think of Ushi as a sort of Google for crypto. It can find information from an ocean of data to provide users with valuable insights that would otherwise be unavailable.

In a rapidly growing and constantly changing industry, making sense of all the noise is becoming increasingly difficult. Ushi offers a much-needed solution by quickly identifying key trends and helping you make informed decisions.

Ushi constantly scans social media channels, news websites, and exchanges for data relevant to the crypto industry. The project analyzes and processes the data using the team's artificial intelligence algorithms to provide users with valuable insights.

The Importance of Data Analytics in the Crypto Space Data is becoming increasingly important as the world becomes increasingly digital. Specifically, nowhere is this more true than in the world of cryptocurrencies.

Cryptocurrencies are all about data – specifically, transaction data. In order to buy or sell cryptocurrencies, you need to have a digital wallet, which stores your transaction data. This data helps you to track your balance and transactions.

But data doesn’t just stop there. Cryptocurrencies run on blockchain technology, a digital ledger that stores all cryptocurrency transaction data. This data lets the system verify and confirm transactions.

So, as you can see, data is essential to the world of cryptocurrencies. Without data, there would be no way to track or verify transactions.

This is why data analytics is so crucial in the world of cryptocurrencies. Data analytics can help you understand the data stored on the blockchain. This, in turn, can help you make better investment decisions.

Platforms such as Ushi offer data analytics tools to help you understand the data on the blockchain. With these tools, you can see information such as the volume of transactions, the average transaction value, and much more.

This information can be precious when it comes to making investment decisions. If you know that the market is heavily trading a particular cryptocurrency, you’re more likely to invest in it.

Data analytics is also vital for security purposes. With data analytics, you can track the unusual activity on the blockchain. This can help you spot potential hacks or scams.

Overall, data analytics is essential for anyone who wants to be successful in the world of cryptocurrencies.

A Project by Cloud Devs Cloud Devs, the Estonian company that developed Ushi, is rapidly growing in the digital world. The team has worked with multiple companies and organizations in the crypto field. Specifically, Cloud Devs help companies create their cryptocurrency, blockchain project, smart contracts, or any other idea in the crypto industry.

The mobile app development team creates high-impact mobile apps that fit any brand and industry. Their enterprise software development team creates complex enterprise software. Moreover, they ensure reliable software integration and modernize legacy systems.

Lastly, the IT consulting team provides solutions to eliminate workflow pain points. They also help with implementing new tech and consolidating app portfolios.

The company has a straightforward and practical design process for UX/UI design. Plus, the QA & testing team performs comprehensive, multi-stage testing and auditing of software. Consequently, this allows for high-impact results and strategies focused on your performance.

Cloud Devs has a lot to offer companies looking to enter the digital world and grow their business. With ten years of experience, Cloud Devs is rapidly building a reputation for being a go-to company for digital solutions.

What Should You Know about the Project's Tokenomics? The first thing to understand about Ushi's tokenomics is the fixed total supply of 21,000,000,000 tokens. This means that the team will not create more tokens than this amount in the future.

The second thing to understand is the team's burn functionality, which destroys a part of the tokens involved in any transaction. This means that as more and more people use Ushi, the total supply of tokens will gradually decrease over time.

You should know a few things if you feel puzzled when reading about the token “burning” practice.

For starters, “burning” is a way to reduce the total supply of a token. The operation can, in turn, increase the value of the remaining tokens.

Moreover, it's a way to show that the team is committed to the project's long-term success. And lastly, it's a way to ensure consistent demand for the token. This is because users will need to purchase tokens to use the Ushi platform.

There are good chances that you have already heard about deflationary tokenomics in the crypto field. By reducing the total supply of tokens, projects with deflationary tokenomics aim to increase value over time.

The third part of Ushi's tokenomics is the marketing fund. Four percent of every purchase and eight percent of every sale go to this fund. This choice enables the team to promote the project and increase its adoption.

Finally, a liquidity system is in place to ensure that there is always enough liquidity for Ushi token holders. The team locks two percent of every purchase and four percent of every sale in a smart contract.

A Look into Ushi's Roadmap Ushi's team has shared several details about its future roadmap. The team is preparing for a marketing campaign, building community in social media, and listing on CoinGecko. As of today, the project is already live on CoinMarketCap.

They are also working to obtain an Etherscan verification and boost marketing campaigns on Telegram and Twitter.

In the future, they are planning to complete the following milestones:

Release their MVP of Analytics product

Grow their community

Partner with top marketing agencies

List $USHI on Binance, Coinbase, and FTX.

Lastly, they hope to see token adoption grow and collaborate with DeFi projects to scale their ecosystem.

Final Thoughts about Ushi Ushi presents itself as a project with good potential. The team has a clear vision and is working hard to achieve its goals. With a strong focus on adoption, the project has the potential to become a go-to platform for digital marketing agencies.

The project's design is well thought out and should help increase the token's value over time. If you're looking for a new crypto project, Ushi's website and social pages have more information on the initiative.

Website: https://ushi.pro/

Press release: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Defi Scams – Most Common Scams in the DeFi Space

In the world of Defi, scams are unfortunately all too common. This article looks at popular Defi scams, how they operate, and how to protect yourself. We'll also provide tips on what to do if somebody scammed you and how to report a scammer. Finally, we'll discuss the implications of DeFi scamming and present examples of successful prosecutions.

What Are DeFi Scams, and How Do They Work? Decentralized Finance (DeFi) is a term that has gained enormous popularity over the years. DeFi is the shift from centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain.

DeFi promises a more equal and accessible financial system, but it's still largely unregulated. Lack of regulation has made DeFi a haven for fraudsters, who have plundered millions from unwary consumers. We can summarize a typical scam in three steps:

The scammer creates a fake project or impersonates an existing one. The scammer promotes the fake project or impersonates the existing one to generate interest and attract users. The scammer exits the scam, leaving users with worthless tokens or no access to their funds.

The Most Common Types of DeFi Scams There are many types of scams in the DeFi sector, but some are more common than others. Let us look into a few of this industry's most frequent criminal schemes.

Phishing scams DeFi is not immune to phishing scams. Due to the intricacy of several DeFi protocols, fraudsters have managed to successful target newcomers. The most common type of phishing scam in the DeFi space is impersonation. This is when a scammer creates a fake website or social media account that looks identical to a legitimate one.

They will then use this fake account to try and trick users into sending them money or personal information. Another common type of DeFi scam is the Ponzi scheme. Instead of investing the money, the fraudster pays out previous investors.

This scam is widespread in the DeFi space, as there are often high returns from investing in new protocols.

Scams Involving Fake or Stolen Identities One of the most common scams in the Defi space is identity theft. Someone uses your personal information to register a new account or access an existing one.

They may also use your information to apply for credit cards or loans or to make purchases in your name.

Another way that identity theft can occur is when someone steals your private key or recovery phrase. This gives them access to your accounts and allows them to make changes or send funds without your permission.

Pump and Dump Schemes If you are not new to the field of financial investments, then you must have probably heard about pump-and-dump schemes.

A group conspires to acquire a cryptocurrency at the same moment to drive up its price. Afterward, it sells it when at the peak price after promising a group of traders that this would not happen.

Pumpers make a profit, whereas dumpers lose. Sadly, it’s as simple as that. Pump and dump schemes are not new and have been around for quite some time. They are so common that the U.S. Securities and Exchange Commission has issued an investor alert about them.

Forgery and Counterfeiting of Digital Assets Unfortunately, not every project in the DeFi world is legitimate and original. Forgery and counterfeiting are rampant, with scammers selling digital assets that don't exist or aim to look like something else.

This scam generally happens when someone creates a website or social media account that looks identical to a legitimate project. However, the page has slight changes that allow the scammer to redirect funds to their wallet.

For example, a scam on Twitter happened when someone created a fake version of the popular Defi project Uniswap. The account looked identical to the official one, except that it had one letter changed in the URL. This small change allowed the scammer to siphon over $150,000 worth of Ether (ETH) from unsuspecting users.

Fraudulent Activities Associated with Initial Coin Offerings (ICOs) Last but not least, ICOs tend to have an association with fraudulent activities. In an ICO, a company offers digital tokens for investors’ fiat currency or cryptocurrency. However, many ICOs are scams, with companies using the funds raised to enrich themselves instead of developing the project.

A severe fraud associated with ICOs is when the team behind the project absconds with the funds. This type of fraud is, technically, an “exit scam.” In an exit scam, the team often creates a fake project website and whitepaper, promising huge returns to investors. They will then raise money from unsuspecting investors and make off the cash, leaving investors high and dry.

How to Protect Yourself from DeFi Scams At this point, you will probably be wondering how you can protect yourself from falling into one of these scams. Below are a few tips.

Do your research: This is the most important thing you can do. When you are looking at a project, make sure to read up on it as much as possible. Look at the team’s backgrounds and the project’s roadmap, and try to find as much information as possible.

Don’t invest more than you can afford to lose: This general rule applies to all investments, but it is essential in the DeFi space. These projects are still very new, and there is a lot of uncertainty surrounding them. As such, you should only invest an amount you are comfortable losing.

Beware of social media scams: Social media is a great way to stay up-to-date on all the latest news in the crypto world. However, it is also an excellent way for scammers to reach many people. Be careful about the links you click on and the information you trust.

Look for projects with KYC and audit certifications: If a project has undergone a KYC (know-your-customer) or audit process, it passed a vetting procedure. This adds an extra security layer and gives you peace of mind. SolidProof, PeckShield, Hacken, and Solidity Finance are popular companies taking care of this aspect.

What to Do If Somebody Scammed You If you think someone scammed you, there are a few things you can do: First, try to resolve the issue with the person or company you believe scammed you. This may be difficult, but it's always worth a shot. Contact your local consumer protection agency if you can't resolve the issue.

You can also file a complaint with the Federal Trade Commission (FTC) or the Better Business Bureau (BBB). Finally, you can contact a lawyer to discuss your legal options. How to Report a DeFi Scam If you think you've been the victim of a DeFi scam, consider taking a few actions to report the criminals. First, report it to the project team or protocol developers if possible. They may help you recover your lost funds or take action to prevent others from being scammed in the future. You can also report the scam to a crypto exchange or wallet provider. Obviously, this is applicable if you used any of these channels to access the DeFi project. Many of them have fraud departments that can help you get your money back or prevent future scams.

Finally, you can report the scam to law enforcement. This is often a long shot, but it's worth doing if you've lost a significant amount of money.

The Consequences of DeFi Scamming Besides losing your money, scamming in the DeFi sector has several adverse effects on the industry. For instance, it undermines the trust in decentralized finance protocols and gives scammers free marketing. When a user falls into a scam, it's not only the investor who loses money. The whole DeFi industry is negatively affected by it.

Scammed users will likely be more cautious in the future, leading to a decrease in trust in decentralized finance protocols. Using popular DeFi protocols and services, they can reach a larger audience and scam more people. In addition, it gives scammers free marketing.

Examples of Successful DeFi Scam Prosecutions In recent years, there have been several successful DeFi scam prosecutions. Here are some notable examples: In 2019, the US Securities and Exchange Commission (SEC) charged a company called EtherDelta with operating an unregistered securities exchange. The Ethereum blockchain-based decentralized exchange EtherDelta enables users to swap ETH and ERC20 tokens. The SEC alleged that EtherDelta's founder had illegally profited from the exchange by operating it as an unregistered broker-dealer. Coburn agreed to pay $300,000 in penalties and disgorge nearly $13 million in ill-gotten gains. In 2020, the CFTC accused My Big Coin Pay, Inc. of running a fraudulent virtual currency operation. My Big Coin Pay promised investors they could use virtual currency to buy and sell goods and services. However, the CFTC alleged that the company used investor funds to pay for personal expenses, including travel and luxury goods. The CFTC ordered My Big Coin Pay to pay $6 million and disgorge nearly $360,000 in ill-gotten gains.

These are just a few examples of the many successful DeFi scam prosecutions that have taken place in recent years. These cases show that law enforcement is taking action against DeFi scams. If you have been a victim of a DeFi scam, you should contact a lawyer to discuss your legal options.

The Importance of Verifying Senders and Receivers Before Transferring Funds One last thing you should consider before transferring funds is verifying both the sender's and receiver's addresses. Too many people have fallen victim to scams because they didn't confirm the address before sending funds.

If you're not sure how to verify an address, here are a few tips: Check if the address is valid on Ethereum's leading network. You can do this by pasting the address into a block explorer like EtherScan.

Make sure the address has a balance. If it doesn't, that could be a sign that it's not a valid address.

If you're sending funds to an exchange, check if the exchange has a page on EtherScan. If it does, compare the addresses to make sure they match. These are just a few of the many ways you can verify an address. By taking these extra steps, you can help protect yourself from scams.

Bottom Line – Protecting Yourself from DeFi Scams Takes Education and Awareness The best way to protect yourself from DeFi scams is to educate yourself and stay aware of the latest scams. Understanding how these scams work can help protect yourself and your hard-earned money.

Contact a lawyer to discuss your options if you think you may have been a victim of a DeFi scam. There were cases in which the legal authorities managed to get the victims their money back.

LAY3RZ to Unveil a Multi-Function NFT Platform on Tezos

Today, LAY3RZ is excited to announce the launch of its innovative NFT platform on the Tezos blockchain. This platform allows users to create and manage their collections without writing code.

LAY3RZ has been in development for some time and is now available on testnet. The testnet feature lets users experiment with all the different capabilities of the platform.

New Features Coming to the NFT Market Many features are coming to the LAY3RZ platform, making it an attractive option for NFT collectors.

Each collection on the platform will stand out with its custom smart contract and minting page. On the minting page, investors can learn everything about a project before deciding to mint NFTs. The page will also include a breakdown of attributes and their rarities.

LAY3RZ will automatically provide automated image, metadata, and attributes/traits generation (which supports rarities) for each collection. This will take much of the complexity out of minting NFTs and save developers a lot of resources.

All collections on LAY3RZ will support a sophisticated royalties system. Creators will earn revenue from secondary marketplace sales or distribute rewards to the first minter of each NFT.

LAY3RZ will support whitelisting, allowing project creators to give their most loyal investors a favorable deal.

The platform will also automatically provide revenue-sharing smart contracts for the holders within each collection. This infrastructure will allow builders to reward their holders and provide a return on investment quickly.

These new features make LAY3RZ a sophisticated platform for minting NFTs that will empower builders to create the next generation of NFT projects. A New NFT Marketplace under Development

While the NFT marketplace is still developing, the team revealed several features that will be available to users. For instance, the platform will support royalties set by the collection's creators.

The marketplace will also allow NFT traders to execute various basic and advanced strategies. Among these, the team mentioned direct listings, offers, and Dutch auctions.

What's more, the platform will take a 2% fee from each successful secondary sale. These fees will help the team support the platform's infrastructure. Moreover, they will let them fund the development of new features. The team also anticipates using the proceeds to launch community events and competitions related to the world of NFTs.

About LAY3RZ LAY3RZ is entering the market as the go-to platform for no-code NFT minting and trading. The project is coming to the Tezos blockchain with a mission to empower builders. Specifically, the team wishes to provide the most sophisticated NFT infrastructure. This would allow developers to focus their time and efforts on the utility behind their projects.

The team is currently developing the platform. It is available on testnet, and users can already try most of its available features. Anyone wishing to learn more about LAY3RZ may consider visiting the project's website: https://lay3rz.xyz/ and the social pages below.

Twitter: https://twitter.com/LAY3RZ_XYZ Discord: https://discord.com/invite/h8zzUTstP6

CoinBitco – A Fast, Secure, and Easy-to-Use Cryptocurrency Platform

CoinBitco is a relatively new project that seeks to provide traders worldwide with a simple and reliable solution. While most cryptocurrency platforms require some level of knowledge and experience for traders to enjoy their offerings, CoinBitco is an all-in-one solution for traders of all skills and trade volumes.

Despite the massive amount of information and analytics available on cryptocurrencies, many people are still intimidated about how and where to begin in the world of these digital assets. CoinBitco is an ideal alternative for anyone in the crypto space as it comes with several unique features and offerings to guarantee a seamless trading experience.

About CoinBitco As stated on the website, CoinBitco is a safe cryptocurrency exchange that enables users to buy, store, sell, and earn interest by staking PancakeSwap and Ethereum 2.0. The platform seeks to usher in the 'crypto 2.0' generation, which may help improve global finance, increase disposable income, enhance corporate investment in the crypto space, and eventually improve the living standards of billions of people across the globe.

Unique Features CoinBitco offers users a wide range of unique features, making it an attractive option for different users trading in the cryptocurrency space. Among the unique features of this platform include:

Enables users to trade fiat currencies and crypto in real time via web and mobile devices

Allows deposits and withdrawals of crypto and fiat money through bank transfers

Features a simple to use and intuitive user interface

Modern UX design with a simple layout

Comprehensive dashboard with a wide range of information to help users navigate through their spot and funding accounts

Quick access to the platform's trading functionality via the dashboard

Hyper-secure platform with world-class security features comparable to no other cryptocurrency platform

Flexible and transparent CoinBitco account infrastructure to meet the unique needs of each user

Super-fast transaction speeds with automated deposit and withdrawal functionality

Why Choose CoinBitco With more than $400 million in traded volume, over 65 digital currencies, and support from more than 98 countries, CoinBitco is becoming immensely popular in the crypto world. Here are some reasons why:

Top-Tier Security Features

The platform utilizes a modular hybrid centralized-distributed platform that provides comprehensive disaster recovery and system failover to protect the platform from internal and external security threats. CoinBitco also combines the latest and most innovative security protocols, backed by a highly skilled security team, to ensure everything functions properly.

Furthermore, the majority of the crypto assets on the platform are stored in CoinBitco's offline and air-gapped cold storage system. Only a small percentage of user assets are stored in the platform's online hot wallet, which is also protected against various forms of losses with the help of high-grade security technology.

Guaranteed Account Security

Upon creating an account on CoinBitco, users must fill in a KYC form and set up two-factor authentication to guarantee their account security. As a result, every time they make a withdrawal or log in to their CoinBitco accounts, they have to enter the two-factor authentication to verify their identity.

Ability to Earn

Stablecoins are digital assets pegged to fiat money to reduce cryptocurrency price fluctuation while maintaining bitcoin's use and convenience. Stablecoins, such as Pancakeswap and Ethereum 2.0, is supported by Coinbitco Earn, allowing users on the platform to hold and earn staking rewards. Note that the platform will soon add more of these crypto assets to their CoinBitco Earn portfolio.

Multiple Trading Options

CoinBitco allows its users to trade on multiple trading fronts depending on their needs and experience level. The available trading options are margin, spot, futures, over-the-counter, and perpetual contracts.

Innovative Crypto Wallet Offerings

The Coinbitco DApp wallet is a non-custodial wallet that transforms private keys into mnemonic phrases only known by the account holders. The wallet offers native support for Bitcoin, Ethereum, and ERC20 tokens in addition to multi-coin support. It also enables the smooth integration of tokens and other currencies and works with Linux, Windows, Android, and iOS.

The wallet also comes with a built-in QR code scanner that enables users to automatically scan wallet addresses to facilitate “one click” cryptocurrency exchanges. It also has a real-time swapping feature, which allows wallet users to swiftly and easily switch out one cryptocurrency asset for another without restrictions and without the need for fiat money as a middleman. OTC (Over-the-Counter) trading allows two wallet users to exchange digital assets. The transactions are carried out very quickly and under maximum security.

CoinBitco Roadmap The following are some of the developmental stages that the CoinBitco founding team aims to accomplish in the future:

The developers aim to create a functionality that enables users to make deposits and withdrawals using their bank cards

They also aim to add stablecoins to the platform's marketplace

The developers also look forward to adding a stop-order button on the marketplace

Create CoinBitco coins and circulate them among their users

Add DEFI and NFT projects

Final Thoughts Since its launch, CoinBitco has proved to be the best alternative for versatile crypto users. This platform is constantly growing in popularity by helping a wide range of crypto enthusiasts buy, sell, store, and earn interest on the platform. We are excited to see how this platform will grow and cater to the next generation of crypto, also dubbed the crypto 2.0 generation.

Website: https://coinbitco.com/

Facebook: https://fb.me/coinbitco777

Instagram: https://www.instagram.com/coin_bitco/

Twitter: https://twitter.com/coinbitco1

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects or cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurrencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision.

Is indu4.0 the New IOTA?

The global economy is experiencing one of its worst periods since the 1930s. Major sectors, such as the manufacturing industry, need innovative solutions benefitting all actors involved. In the rapidly-evolving digital era, the answer can come only from trail-blazing projects with a knack for modernization.

indu4.0 is such a project with the ambitious mission of reorganizing the way supply and demand meet at the negotiation table. Some dub it the “new IOTA,” a new concept platform bridging traditional industries with distributed ledger technology. We discuss this claim below in a swift analysis of both projects, their similarities, discrepancies, and main features. indu4.0 – A Blockchain-Based Platform for the Manufacturing Industry indu4.0 is a digital B2B marketplace for the manufacturing industry. Its goal is to bring together suppliers and purchasers worldwide to a single fast, efficient, and cost-effective venue. Behind this blockchain-based platform is Indu4.0 AG, a Switzerland-based company with a successful history of integrating several complex industrial services with an advanced filter system.

The manufacturing industry has expanded for decades, incorporating millions of people and businesses globally. Blockchain technology represents the next evolutionary step in the collaboration between purchasers and suppliers of various services. indu4.0 plans to be the first to implement a digital marketplace for this trillion-dollar industry.

Its solution allows suppliers to use a complex structure for sharing their service catalogs with purchasers. This system employs an advanced filter system that seamlessly responds to data input and output. As a result, they only obtain inquiries matching specific offers.

Purchasers can use indu4.0 to better identify the best deals from a sea of suppliers’ offers. The filter system enables them to find services quickly and easily. Furthermore, they can make advanced inquiries to discover the most cost-effective offers for their business. This core feature of a sophisticated filter system differentiates indu4.0 from market competitors, regarding only the tool’s functionalities.

indu4.0 allows businesses to use its platform without logging onto it. Also, it supplies its users with automatic news notifications and the option to simultaneously send offer requests to several suppliers. Creating an account is free for suppliers. However, for an affordable subscription, they can enter more than two competencies and see all the offer requests from purchasers.

Fueling the indu4.0 platform is INDU, a payment token necessary for transactions, advertising services, and access to exclusive industry reports. The system also incentivizes users to pay fees with INDU tokens to benefit from lower fees. This benefit is part of the platform’s wider loyalty program. Alternatively, token holders can use INDU to participate in trade shows and Metaverse events. Lastly, long-term users are eligible to receive INDU tokens for their activity on the platform.

IOTA – An Alternative to Blockchain-Based Networks IOTA is a cryptographic protocol operating on a unique form of Distributed Ledger Technology (DLT). It differs from most crypto projects because it doesn’t run on a blockchain. Instead, it uses another distributed database technology that records and executes transactions between entities in the Internet of Things (IoT) ecosystem.

This platform uses mIOTA, a cryptocurrency fueling all the transactions in its network. Unlike most blockchain-based projects, IOTA uses a directed acyclic graph to store transactions on its ledger. Its proponents believe this technology provides higher scalability and better resistance to malicious attacks than its blockchain counterparts.

More precisely, the IOTA network should fend off hackers using quantum hardware, which is often overwhelming for regular blockchains.

Additionally, the network doesn't require miners to validate transactions. Instead, nodes issuing a new transaction must first approve two previous ones. Next, the nodes reach consensus by passing their transactions through a coordinator node. The latter is operated by the IOTA Foundation, rendering the network centralized.

IOTA aims to be “an open, feeless data, and value transfer protocol.” To this end, it offers a comprehensive suite of solutions, including IOTA Streams, a cryptographic framework for building secure messaging applications. Additionally, it proposes a new digital identification protocol with IOTA Identity.

The network addresses developers, enterprises, and financial investors. Moreover, it aims to be the go-to platform for international collaborations in numerous industries. Global Trade, supply chains, industrial IoT, eHealth, customs, and border management are among them.

In the six years since its inception, IOTA has withstood heavy criticism from DLT experts and blockchain supporters. As a result, the project underwent a massive overhaul in 2021, updating to Chrysalis, or IOTA 1.5. Another testnet for a subsequent update, Coordicide, or IOTA 2.0, has been live since 2020. Its goal is to eliminate the need for a node coordinator to establish network consensus.

Where indu4.0 and IOTA are Similar At first sight, indu4.0 and IOTA seem worlds apart. The two projects operate on different technologies, albeit in the digital realm. They both use proprietary tokens for transactions. However, they validate them differently. Nevertheless, the two platforms are similar in their pursuit of innovation. They swim against the tide to create better, more cost-effective solutions for users worldwide. To this end, they don’t refrain from any measure, including complete project reconstruction. Here are two definitive traits indu4.0 and IOTA share:

Industry-Centered Solutions IOTA targets several industries with its multiple services. One of them is global trade and supply chains. The network aims to simplify collaboration and provide trust between all the actors involved in the process, including traders, governments, logistics, and end consumers. Its solution is a tamper-proof distributed ledger that eliminates the need for paper documents, siloed data, and inefficient coordination between businesses, institutions, and relevant authorities.

indu4.0 provides a free-to-use, scalable, and secure platform for the manufacturing industry in the digital world. Its developers believe that purchasers struggle to find capable service providers. Meanwhile, suppliers rarely find appropriate inquiring customers. The platform aims to solve these issues through an advanced filter system that quickly addresses both parties’ strife. Its blockchain-based solutions include advertising space and collaborations for Metaverse events, trade fairs, or other manufacturing-related initiatives.

Expert Teams IOTA’s developers include serial entrepreneurs David Sønstebø, Dominik Schiener, Serguei Popov, and Sergey Ivancheglo. Although the latter departed, these developers have long experience in technology, cryptography, and entrepreneurship. Their joint expertise and commitment helped them build an alternative version of distributed ledger technology, the “Tangle.” Unlike blockchain-based networks, this concept connects nodes non-linearly for higher scalability.

indu4.0 also benefits from an expert team comprising professional entrepreneurs as well as IT and crypto specialists. The project’s three co-founders, Christian Dillier, Kay Baur, and Andreas Ott have several years of expertise in the manufacturing industry. Moreover, Baur's IT proficiency is the basis for developing the indu4.0 platform. Another important team member, Max Schaumburg, is an expert in creating and marketing cryptocurrencies. Lastly, Jan Baur is the project's business innovation consultant, and Rui Meireles serves as a financial advisor with extensive experience in the banking sector.

Where indu4.0 and IOTA Diverge indu4.0 and IOTA can only share that many traits. Ultimately, their underlying mechanisms and operating concepts set them apart. Here are the two main areas where the two projects go their separate paths:

Technology IOTA relies on its proprietary structure, the Tangle, a specific type of directed graph hosting transactions. Each transaction appears as a vertex in this system. Whenever a new transition enters the graph, it picks two previous transactions to approve. As a result, it adds two new edges to it. Lastly, the project strays from the currently popular blockchain-based initiatives using another form of distributed database technology. This solution records and executes transactions in the Internet of Things (IoT) ecosystem.

indu4.0 employs blockchain and cloud technology supporting smart contracts and crypto transactions. It incorporates the INDU token, advertising in the Metaverse, and future NFT identification to protect intellectual property. Generally, crypto users understand these concepts better, which is why this B2B digital marketplace should appeal more to them and beyond. Moreover, the platform uses an innovative filter system to help all manufacturing industry actors get the best deals.

Vulnerabilities Since its launch in 2016, IOTA has been the subject of heavy criticism from cryptography experts, researchers, and blockchain specialists. Many believe the concept was flawed from the start, thus its constant need for overhauls. Furthermore, the IOTA protocol has regularly been the victim of phishing, scamming, and hacking attacks. Some hackers made way with millions of dollars after breaching the system’s poor security. These vulnerabilities reduce the project’s present credibility and long-term sustainability.

The indu4.0 developers are aware of the risks and perils in the cryptosphere. To this end, the team implemented a high-security blockchain-based system to protect users’ assets and data. Furthermore, the platform will use NFT security for user information. For example, purchasers and suppliers can securely exchange data on an NFT basis. Notably, non-fungible tokens allow for easy tracking and proving data originators without falsification. This advanced form of protection should make indu4.0 one of the most secure digital marketplaces in the industry.

Can indu4.0 Be the New IOTA? After closely analyzing the two projects, indu4.0 and IOTA have some common characteristics. They aim to make global communication and business collaboration easier and quicker for a trillion-dollar industry. Furthermore, they both benefit from highly expert development teams. These traits help indu4.0 emulate IOTA in terms of innovation, know-how, and the implementation of distributed ledger technology.

On the other hand, indu4.0 proposes a sophisticated filter system without overhauling the underlying technology. Unlike IOTA, this platform has fewer security risks and vulnerabilities. Therefore, it can sustain malicious attacks easier and safely ensure long-term development without revamps.

In conclusion, indu4.0 has what it takes to be an innovative solution for the manufacturing industry. Its goal is to bring supply and demand together in a lucrative environment running on established blockchain technology.

Website: https://www.indu40.io Twitter: https://twitter.com/indu40io

Crypto Staking from Fairspin: How To Get Additional Income With Minimum Risks

If you have crypto and want to quickly get some reward on it, it is possible to try staking. So you will not only receive passive income but also support the operation of the blockchain network.

What is cryptocurrency staking? Staking is comparable to a bank deposit. You store coins in a cryptocurrency wallet to keep the blockchain running. So you stake a certain amount of cryptocurrency, that cannot be used for a certain period of time, but instead, you get a reward from the cryptocurrency platform.

Fairspin platform offers a staking program with its TFS Token (https://bonafides.club/62561/8?l=3692&param1=solidproof&param2=article&param3=fix&param4=2022-09_4&utm_medium=523) – Hold To Earn. The option is available on the Staking programs page on the Fairspin website (https://bonafides.club/62561/8?l=2&param1=solidproof&param2=article&param3=fix&param4=2022-09_3&utm_medium=522).

The average APR in the program is up to 500%, sometimes with a surge of a record daily APR of 21%.

Below we will go into more details about the program and explain how to get the most benefit from its use.

What is the Hold To Earn program? Once a user receives TFS as a rackeback for playing on the platform or purchases them, it will become possible to hold tokens for a specified period on the Fairspin website. For doing this, a user will receive a reward – additional TFS tokens. The size of the reward depends on three factors. The first one is a period, chosen for holding tokens. The second one is the Fairspin casino income for the chosen period of token holding. As this indicator grows, the reward will also increase. The third one – is the number of users who are simultaneously holding TFS tokens. The fewer such users there are, the more tokens will be received in the end.

How the reward is calculated It is possible to hold tokens for 3 periods. Each of them has its own size of reward pool: 8 hours with 1% of casino income, 1 day with 2% or 3 days with 0,5%.

As soon as the holding period is over, the initial tokens, as well as tokens earned within the Hold To Earn program will be credited to a user’s balance

It might be that Fairspin’s income is at zero if the casino loses money due to some players’ large winnings. But the most important thing is that tokens will never be lost. Even if the casino balance is negative during the period of holding, the initial tokens will be fully returned to a user. Or it is possible to continue holding and get profit together with the casino.

The TFS (https://bonafides.club/62561/8?l=3692&param1=solidproof&param2=article&param3=fix&param4=2022-09_4&utm_medium=523) and Fairspin are ambassadors of honest relations with its players. Thus the holding history of a user is available on his TFS page. There a user can also find information on the casino income, the number of holders in each period, and his part in the pool. All the information is updated in a live mode and confirmed by data from blockchain. Fairspin is an online casino where all transactions such as deposits, withdrawals, bets and etc are published on the blockchain. This technology originally led to the total transparency of the casino and it’s programs' work.

Press release: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.