CryptoAdventure

The Sarmaswap Project: A Possible Solution to High Gas Fees?

Although Ethereum is experiencing a three-year high, its gas fees are still relatively high on most DeFi exchange platforms. Most people find it challenging to conduct transactions of any size on a blockchain platform as it costs over $60 to transfer an ERC20 token. For instance, a standard trade on Uniswap costs anywhere between $50 and $120 to complete, while a Smart contract transaction may go up as high as $100 – $200. Sarmaswap aims to remedy this financial disaster. The team behind it aims to make crypto transactions cheaper, faster, more transparent, and at almost zero costs in gas for internal transactions. 

What is Sarmaswap? Sarmaswap is a first-generation autonomous yield protocol that will enable users to trade NFTs, cryptocurrencies and other derivatives for a single charge and for near-zero internal gas costs. 

Among the most outstanding features of this project is its automatic liquidity pool. Not only does it gather tokens from crypto traders to add them to the pool and stabilize the pricing floor, but it also acts as an arbitrage-resistant mechanism. This means that the automatic LP ascertains the reservation of a specific volume of Sarmaswap tokens to serve as rewards for token holders. 

Ideally, the automatic LP guarantees price stability by increasing the tax to the overall liquidity of the token. In turn, this leads to promoting the token's overall liquidity pool and backing the SMS price floor. 

The protocol will also include a Web 3.0 platform and a decentralized iOS and Android swapping platform that will soon feature farming functionalities known as Sarmaswap farms. They will consist of various farming alternatives and allow users to earn SMS tokens from staking LP tokens. As a result, this encourages the development of multiple liquidity pairs.

Thus, when users conduct a transaction that adds to the liquidity pool, they receive LP token rewards. For instance, if a trader contributes liquidity to the BNB/UNI pair, they will gain BNB/UNI LP tokens. Thus, besides the transaction cost benefits, such investors can use 'farms' to stake their LP tokens and trade them in for Sarmaswap tokens.

Note that the platform utilizes the static reward mechanism to solve issues arising from farming price bubbles. As a result, the volume of the traded token is part of the amount of rewards, alleviating the negative sell pressure caused by early adopters who sell their tokens upon harvesting exceptionally high APYs. In addition, the static reward system, also known as reflection, motivates holders to continue holding their tokens for better rewards, which depend on the total number of coins held by the holder.

Generally, Sarmaswap consists of three primary functions: burning, reflecting, and LP acquisition. Take note that this project's burn strategy will be available on its website readout, providing transparent transactions and the ability for users to determine the current circulating supply at any time.

Furthermore, every transaction on Sarmaswap attracts a 10% tax. Consequently, 5% goes to all token holders for every transaction, while the other 5% goes to a burn address. There is another 3% that is divided 50/50, with one half pairing with BNB token to serve as a liquidity pair on Pancake Swap, and the other half goes to the Sarmaswap DeFi exchange pool.

The Sarmaswap Token The initial step of the Sarmaswap decentralized platform is the Sarmaswap token, which is a deflationary asset built using the Binance Smart Chain (BEP-20). It has a total supply of 1,000,000,000,000,000 and has received track listings on Coingecko and Coinmarketcap. 

The primary goal of this token is to deliver the quickest Defi transaction possible, with the lowest one-time exchange charge and no gas expenses for internal transactions. As such, it aims to address today's excessive gas prices on DeFi platforms, which curtail the creation of innovative life-changing Blockchain projects. Sarmaswap rewards its staking holders with liquidity by increasing their stake value and offering a good stake payment percentage. 

Advantages of Sarmaswap Project Low gas fees: Since Sarmaswap features a blockchain, every swap only consists of a Smart contract, two tokens, and two users.  Users can exchange any digital asset that complies with the Smart contract through a one-time fee. There are no additional gas expenses for each transaction. Staking rewards: Those who buy and hold Sarmaswap tokens automatically receive a 5% reward per transaction conducted on the platform Enhanced transparency: Sarmaswap is an escrow-free, non-custodial and transparent platform. All transactions are peer-to-peer with no third-party players. The price indicated is the price that you will pay as there is no price-fixing, creating a blockchain-based decentralized exchange platform. High APY staking: Sarmaswap Platform allows investors to stake their shares via Proof-of-Stake (POS). It promises to provide the best APY to coin staking investors in the network, enabling holders to profit from their digital assets. Maximum security: The team behind this network developed it on a blockchain, which is known for its high-security level Disadvantages of Sarmaswap Still in its developmental stages: Sarmaswap is still under development as there is yet to be a launch for most of its features. Sarmaswap Roadmap Currently, the team behind this project is concentrating on branding, marketing, and expansion of the core team as the initial phase of token creation and launch was completed last year.

The next phase will consist of the announcement of token listings, which will take part in the second quarter of 2022. This is a significant milestone since Sarmaswap will receive high publicity to attract the attention of prominent tech media.

Conclusion Although we often evaluate new blockchain initiatives, few have piqued our interest as much as Sarmaswap.

This project offers a measurable benefit and addresses a long-standing issue in the Cryptocurrency community. We can only support such initiatives since they promise to improve the crypto experience for millions of people.

The project has different stages, which we will happily track throughout the following months as we are looking at the presale event, which is ongoing.  Visit the official Sarmaswap Website to learn more about the project: https://sarmaswap.com.

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 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.  

Potion Review: Protocol based on Kelly Criterion for Risk Management, and Potion NFT Unlock Game to release

Potion Protocol is a web3 dApp that assists in creating automated insurance marketplaces in which buyers and sellers meet and trade at mathematically sustainable prices. How it works is you can buy Potion insurance on the price of, for example, Ethereum, locking a specific price. If the price of Eth falls below that price, the insurance will pay out.

In Potion Protocol, you may also take the opposite side and sell risk insurance (be an LP). As an LP using Potion Protocol, you may use the Kelly Criterion to trade at optimal premium and utilization combinations at all times. Hence, this results in a mathematical expectation of long-term sustainable risk management markets.

Potion Protocol's goal is to make DeFi adoption easier by offering Automated Risk Management on-chain. As a result, the crypto market becomes more secure, with risk products that are safe and sustainable for buyers and sellers.

Moreover, Potion Unlock is a novel paradigm for aggressive decentralization. It establishes a sustainable model for developers of DeFi innovations to focus on software development, as opposed to compliance rabbit holes. Engineering and design of the protocol is separated from deployment and maintenance. With the development of the Potion suite completed, Potion Unlock puts the audited project in the hands of the community.

What Potion Holds? Potion Analytics Potion Labs set up a specialized data-science lab to put the Kelly Machine through its paces. Potion Analytics is a set of tools that allow for self-service, no-code back-testing of the Kelly Optimal bonding curves.

The first one is the Kelly Academy that allows users to familiarize with Kelly Criterion in general. It has simple coin toss examples for this purpose

Then, there is the Kelly Optimal Premiums which are the extension of Kello Criterion into the realm of pricing. Kelly vs Black-Sholes is another one. It is a benchmark comparison of Kelly vs BSM . 

Next, we have the curve designer is an easy to use custom curve creator with multi-market backtesting. Lastly, we have the Multi-asset pools that allows for the testing of single-curve multi-asset pools.

Potion Unlock Potion NFT Unlock is a game that encourages the Potion community to work together to release the Potion Protocol into the public domain. With this one-of-a-kind strategy based on “aggressive decentralization” from the start, Potion Labs seeks to avoid the dangers of a traditional project launch, such as a small number of users wielding significant power over a protocol.

Potion Labs has taken the complete Potion protocol coding for risk management of crypto-assets, Potion Analytics and supporting documentation as an encrypted file, to be deposited into  IPFS. Following that, they split its password into thousands of pieces and generate private keys which are provided to the Potion NFT minters  who can acquire them through a private sale, a public NFT auction,  or via airdrops being performed to  OG community members.

Kelly Criterion The Kelly Criterion is a systematic risk allocation approach utilized by some of the world's most significant risk practitioners. It provides a mathematical framework for making optimal capital allocation decisions in the face of uncertainty. 

It is especially significant in this context since it is optimized for survival and growth through repetitive, continuous risk exposure instead of opportunistic single event risk-taking. It is the exact situation the project is aiming for: LPs in an AMM constantly selling risk contracts to achieve steady long-term returns.

The Kelly Machine The Kelly Machine is a groundbreaking DeFi system. It enables LPs and users to trade collateralized risk contracts, including insurance, puts, calls, and potentially even more complicated derivative products. It accomplishes this using a long-term mathematical expectation of capital growth due to built-in risk management that is automatically applied to all trades.

The premiums for these risk smart contracts are generated analytically from Kelly Criterion optimals. They may then be generalized to apply to any utilization-based pricing scheme.

Key features Optimized for long-term capital preservation and growth throughout all market conditions: programmed to thrive in even the most volatile settings, such as crypto markets. Capital efficiency: Capital may be exposed to numerous risks simultaneously. It allows LPs to achieve better utilization levels and purchasers access a more comprehensive range of goods in deeper markets. Passive experience: LPs do not need to watch their positions continually. Bonding curves alter pricing dynamically to compensate for the risk. Broad product selection: Capital may be used to underwrite a wide range of product configurations, with many distinct combinations of a strike price, term, asset, and so on. Kelly Machine Vs Black-Scholes

Significantly less risky than Black-Scholes. There were discrepancies of up to 100% favour Kelly pricing, particularly for crypto assets. The maximum draw-down is lower than in Black-Scholes. In many situations, Potion Protocol achieved median max drawdowns below 30%. The long-term Alpha expectation is positive as a result of Kelly Optimal implementation. Simple experience for LPs and users, making the Potion protocol accessible to everyone, not just the wealthy. Allows the formation of a market equilibrium centered on Kelly Optimal pricing. Potion Lab’s NFT-based Business Model Potion Labs' business model is a hybrid of many emerging approaches being tested in web3. They want to generate an income by selling Potion NFTs, with pieces of password to decrypt the Protocol, and commemorating the launches of their R&D. As a result, they will produce profits that will support operational expenditures, pay off debts, and keep them working on fascinating DeFi research.

There are six types of Potion NFTs or “rarities”, the more decryption power they have and the less redundancy the better. The first is the Fellowship NFT, the most common NFT (2,600 units auctioned) which provides 6.64% percent decryption power with a redundancy of 100. Advanced NFTs (1,800 units)  have a decryption power of 13.13% and a redundancy of 40, so users will have more clout than Fellowship NFT holders. 

Legendary NFTs have a decryption power of 17.51% and a redundancy of 25. Potion is only auctioning 750 of these NFTs, but owning them provides users with legendary status over other players.

Original Gangsters (OGs) NFTs (2,850 units) are assigned to their founding members and have a decryption power of 12.77% with a redundancy of 114. Following that, Kelly Knight NFTs (522 units) were made available at Potion's private sale. These NFTs have a decryption power of 9.52 percent and redundancy of 2, implying that Kelly Knights holders will have a significant power.

Lastly, the Wise Wizard NFTs (1,478 units) were also offered during our private sale to key DeFi players, and hold a decryption power of 40.43% with a redundancy of 2 as well, also giving their holders significant decryption capability.

The public sale of Potion NFTs is happening imminently. Whitelisting is live, and the Dutch-style auction will be from 28th to 7th March for the Fellowship, Advanced and Legendary Potion NFTs. Book the dates, they’re making history! After the public sale, the Potion NFT Unlock game should start for players to collaborate on-chain to bring enough pieces of password together and decrypt the protocol’s codebase and release it to the public domain.

Potion's Future Goals  Potion Labs' first purpose is to provide a faultless NFT minting experience, while also having fun hosting the Potion Unlock game. It is a novel, revolutionary release method, and the team is eager to give the most excellent possible experience for everyone who contributes to the Potion Unlock open-ended game to potentially decrypt the Potion protocol and release it to the public domain with a sustainable business model for Potion Labs.

On the product front, they are thrilled about expiration-free, pay-as-you-go insurance and automated curve management, two enormous boulders for which they have great ideas and that are a natural next step for this initial release. Long term, Potion Labs dreams about an automatic tail risk hedger for asset portfolios, where one may keep their holdings in a black swan-secure way for a long time.

Final Thoughts Beyond Potion Labs and its initial specific insurance application, the team feels it is beneficial to think and develop more trustless financial applications like the Potion Protocol. Cooperation among societal actors, like that of the Potion Unlock game to release the protocol’s codebase to the public domain, can yield enormous benefit from this dApp. The long-term effect potential for the development of public goods with a sound business model like that of Potion Labs is substantial.

Website: https://www.potion.fi

Introducing Tuxi, The First and Official Feline Charity Token

TUXI is a charity-based token that majorly focuses on charity projects connected to kittens. According to their website, the network partners with different parties to steer this project to success. 

As the idea of Defi charities continues to gain momentum, the TUXI network launches with feline options. TUXI intends to help protect kitties globally. They use the TUXI token to fund veterinarian education and charities connected to kitties.

Features of TUXI Ecosystem The TUXI Charity Focused Token At the core of the network is a token called TUXI, which mainly helps in charity tasks. This community-driven token aids in feline charities, especially protecting and sheltering kittens. It helps in covering veterinary expenses for the kittens. 

Kitten lovers globally can adopt their favorite animals, and the TUXI token helps holders get such opportunities. 

Burning Tokens Weekly One of the ways the TUXI network ensures the long-term sustainability of their token is through weekly token burns. The network sets a finite total number of tokens. 

On top of having a maximum token supply, TUXI improves long-term sustainability through burning. Token burning will help ensure there is scarcity in the number of tokens. Token scarcity will help bolster the demand and token value while helping have a long-term community.   

The Developers Team  The TUXI network has a team of experts in different services who help develop this project. According to their web page, their team consists of developers, gamers, graphic designers, and artists. 

The team members come from different places across the globe. By using proper diversity and dedication, the network will be in a good position to grow. 

Secure Contract The contract development team assures investors of top security. They build the contract on Unicrypt using the token factory(ENMT). Unicripts instills requirements like auditing, KYC, and liquidity locking to protect investors' funds. 

Therefore, The TUXI network will be providing links for their KYC and audit reports for investors. Reading KYC and audit reports will help guarantee investors top security. Also, they will provide updates on their liquidity locking for investors. 

High-Value Advertising and Tracking The TUXI network uses high-value advertising to ensure they reach a wide market. Foremost, they use the Dextools network, a platform designed to help in the growth of Defi. 

Additionally, the network uses billboards to help in advertising. They set up billboards in New York, Los Angeles, and many other cities. 

Moreover, the network plans to list top tracking platforms like Coinghecko and Coinmarketcap. The two will help track the performance of these tokens and aid investors.  

The Four Main Components of TUXI Ecosystem The Marketplace One of the main tools coming with the TUXI ecosystem is a marketplace. The marketplace is where people can purchase different merchandise and NFTs. It allows persons with the Metamask wallet to buy various classes of assets globally. This marketplace is one of the main tools defining the entire TUXI ecosystem. 

The University TUXI introduces the University solution to help improve veterinarian education. The TUXI university helps in educational funding for upcoming veterinarians. Vet education comes with one of the highest cost to income ratios globally. However, the Tuxi university funding helps make things easier for vet students. 

The Kennel  The TUXI network introduces a center to take care of Kittens. It's a place, a digital adoption center created to provide homes for kittens. The base of the TUXI network is in the US; hence, the Kennel will mainly focus on giving homes for US-based kittens. Persons intending to adopt animals can do so either physically or digitally.

The Hat Draw Another feature of the TUXI ecosystem is the Hat Draw. The Hat Draw is a Dapp for raffles. It offers opportunities to win massive block-based rewards. According to the network, the raffles are VRF implemented. Anyone can use their mobile or desktop device to work with this Raffle Dapp.

Benefits Associated with TUXI As a new platform, TUXI brings in benefits for the average investor. Each of these benefits is tied to the features and tools offered within the network. Among the well-known benefits include;  

Security strengthened through auditing and KYC scanning A type of deflationary token using burning mechanisms  Ability to contribute to a kitten related charity  The focus of helping homeless and uncared for kittens The project does not list the names of its team members on its web page. However, since they are KYCed, investors should feel secure. 

Final Word TUXI introduces various features like the kennel, university, and marketplace to help enhance its kitty protection agenda. It intends to be the biggest feline token in the crypto ecosystem. Visit Tuxi's Twitter, Telegram, Instagram, Reddit, Youtube, and Medium social media pages to learn more about the charity features of the Tuxi network. 

Website: https://www.tuxi.io

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 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. 

Kyrios Finance Review: Features, Roadmap, and Tokenomics

There are fewer things more talked about in the crypto space than decentralized finance (DeFi). Decentralized finance uses secure blockchains to enable two or more parties to carry out financial transactions without traditional intermediaries such as banks. This concept has been touted as the future of both the financial system and blockchain technology. 

2020 and 2021 were particularly good years for DeFi, with billions of dollars’ worth of digital assets locked up on a myriad of platforms. And the trend seems to be continuing into 2022, with new projects springing up with each new day to leverage DeFi’s capabilities. 

One such project is Kyrios Finance, a multi-chain farming protocol founded by four crypto enthusiasts that promise to make profits for its investors and stay the course. In this short review, we will delve deeper into Kyrios Finance’s tokenomics, roadmap, and the features that make it stand out in a sea of DeFi projects.

What is Kyrios Finance? Kyrios Finance is a project that was founded a couple of years ago by a small group of crypto investors who, in their own words, wanted to build something that they could “buy, support, and hype.” The idea was borne out of a need to buck the trend of failed DeFi projects that have littered the crypto landscape in the last few years.

Of the four-person team behind the project, two will completely dedicate their time and attention to the Kyrios community. In contrast, the others will build and develop the project’s yield farming experience.

The Kyrios Finance project is built on the Fantom network, which is a high-performance, scalable, and extremely secure platform. Fantom was designed to overcome the limitations caused by the trade-offs between decentralization, security, and scalability that have crippled earlier generations of blockchains such as Ethereum. 

Features of Kyrios Finance Kyrios Finance comes with a few features that should ensure it not only becomes profitable but also stands the test of time, unlike many DeFi projects that have fallen by the wayside.

Here are some of those features:

Emission Emission refers to the speed with which a project releases new crypto tokens. The emission rate of a token is key to the profitability and success of a crypto project because it usually defines how fast rewards are minted in the farming process. Emission rates can also affect the price of a token by creating buy or sell pressures.

In the case of Kyrios Finance, 0.001 tokens per block will be minted per second. And to create buying pressure and help the project liftoff, the Kyrios team decided to split emission into two proportions: 54% will be allocated to natives, and the remaining 44% will go to non-natives. 10% of total emission will also go into the dev wallet to be used for burns, airdrops, and giveaways. And depending on how well the Kyrios Finance yield farm performs, the team has the discretion to either boost or nerf emission, but only after making their decision known to the Kyrios community.

Yield Farming Yield farming, which is at the heart of Kyrios Finance, is the process whereby members of a community lend or stake their digital assets to generate returns or rewards, usually in the form of additional crypto. Investors provide liquidity to a project in the form of major cryptocurrencies and, in return, receive the project’s native token. 

The Kyrios Finance yield farming protocol will use interest earned from lenders as an incentive for liquidity providers to stake their tokens in the platform’s liquidity pool. Potential yield farmers will be expected to stake governance tokens and stablecoins such as Tether (USDT), USD Coin (USDC), and Dai.

Returns gained from farming will be calculated as an annual percentage yield (APY), the actual rate of earning on a stake, with compound interest considered.

Some projects do not incorporate compounding and instead calculate returns as simple annual percentage rates (APR). Expressing returns as APY means that yield farmers in the Kyrios ecosystem are assured of much higher profits at the end of each yield farming cycle.

Auto-Compounding Vaults Kyrios Finance is developing its auto-compounding vaults to make its yield farming even more profitable. However, the team has yet to decide how the system will be deployed. 

Auto-compounding vaults are a strategy for automating the yield farming process using complex smart contracts. They allow yield farmers to earn a high rate of compound interest on their investment without worrying about daily harvesting. The vaults will deposit an investor’s crypto assets, harvest their rewards, trade a percentage of the reward, and add the remainder back into the liquidity pool after a set time interval.

However, the potential advantages of the Kyrios Finance auto-compounding vaults will become much clearer once the team decides on key aspects of the strategy, such as emission rate, token allocation, multiplier, and time running.

Partnerships and Collaborations Kyrios Finance intends to form and take advantage of a number of partnerships and collaborations to grow its community and its reach. Partnerships are expected to be more involved and long-term, while collaborations will be largely one-off associations. But regardless of their status, the Kyrios Finance team will endeavor to carry out exhaustive background checks on all their partners and collaborators to ensure they only associate with entities of the highest integrity.

Smart Contract Audit With security being an important issue in the crypto space, the team opted for a proper audit to be done on the Kyrios smart contracts. The audit process was carried out by the German-based blockchain auditing firm, SolidProof. No security issues of any significance were found in the smart contract audit.

Tokenomics The Kyrios token has a total supply of 80,000 units. An initial supply of 800 tokens was made available at the Kyrios Finance Fair Launch, which took place on February 19th, 2022.

10% of emission goes back into the dev wallet to be used for burning, early airdrops, giveaways, rewards, and multiple dynamics. When buying or selling Kyrios tokens, no transfer tax is charged.

Roadmap The Kyrios Finance roadmap is divided into three phases: the pre-launch, the launch, and keeping on with the project.

The pre-launch phase of the roadmap started with the creation of the project. It was followed by the setting up social media accounts, the start of the initial promotion, the release of relevant documents to the public, and a search for collaborators.

The second phase of the roadmap, which the project is currently in the middle of, was initiated with widespread social media promotion. This was followed by a stealth launch on the Fantom network, uploading the project website, and the official start of yield farming on the platform.

The final phase of the Kyrios roadmap will look to achieve such milestones as new collaborations, further social media promotions, and TVL celebrations. Furthermore, the team will also search for new partnerships, launch contests, and develop new tools to improve the Kyrios platform.

Conclusion Although it has barely been in the market, Kyrios Finance aims to develop quickly and effectively. The platform aims to stand out from the DeFi crowd by maximizing profit-making opportunities through extensive yield farming.

So far, the project is headed in the right direction. However, we can only wait and see how well it achieves the various milestones set out in its roadmap. We also await to see if it will truly withstand the test of time, as so many DeFi projects before it have failed miserably.

Website: http://kyrios.finance

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 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. 

Drip Network – A Community-based 1% Daily ROI Project

Decentralized finance (or DeFi) has gained popularity among investors over the last few years. Blockchain has been disrupting the financial industry by getting rid of trusted third parties in the system.

Drip Network is a new DeFi initiative aiming to increase its online community through a referral program. This deflationary platform promises to pay a passive income amounting to 1% daily return on investment (ROI) to each user.

Our review will mention a few of the main features that characterize Drip. This impartial analysis will help the reader make an informed investment decision.

A few words about Drip Network Some projects in the DeFi world may need a high investment (or a long time) before granting a good passive income. Drip Network’s ambition is to provide traders with a high daily ROI and no capital entry limits.

The project launched its native token, $DRIP, in 2021. The coin uses the BEP-20 protocol and runs on Binance Smart Chain (BSC). 

The following sections will tell us more about the primary features of the initiative.

Drip’s referral system Traders can help other users join the system through a referral system. As Drip Network’s whitepaper puts it, referring friends can increase the level of rewards one can receive. The platform promises to pay higher rewards whenever someone has at least five direct referrals (or “team wallet”).

The Drip community is growing using a team-based approach by sharing referral links. Some investors decide to join the system individually, and Drip Network promises a passive income in this case as well.

How does Drip Network work? One can better understand how Drip Network works by looking at its three contracts, described as follows:

Contract #1 – Drip Token: as we mentioned previously, $DRIP is a deflationary token driving the whole reward mechanism of the system. The portal applies a 10% tax on the operation each time users sell coins. The fee aims to send liquidity to the Faucet Pool and enable Drip to pay rewards and daily ROI. Contract #2 – Reservoir: another way to earn passive income is to use the crypto yield farming strategy. The contract lets users claim the daily 1% return or compound it over time. The use of a compound interest rate can be a way to enhance passive income with potentially high returns. Contract #3 – Faucet: most crypto enthusiasts are generally familiar with the idea of staking. The Faucet contract enables users to lock their $DRIP to earn the promised daily 1% ROI. At this point, anyone can either claim the passive income or compound it, as previously explained. This system transfers 90% of the stake into the liquidity pool of the project, using the remaining 10% to pay out referrals.

About the tax system The sustainability of the ecosystem comes from a combination of token burning operations and taxes. Specifically, Drip Network’s tax system works as follows:

Deposit tax: 10% Faucet withdrawal tax: 10% Hydrate (i.e., Compound) tax: 5% Whale withdrawal tax: going from 50% (with withdrawals over 10% of the liquidity) to 0% (in case of operations below the 0.99% threshold). What’s next in the official roadmap of the project? The project is proceeding toward the implementation of each milestone in its roadmap. The presale and public sale of the $DRIP token already ended successfully in 2021, and the following quarters should see some exciting developments.

Among these, Drip Network plans to enter the world of non-fungible tokens (NFTs). The NFT economy was an enormous hit last year, and many projects are studying its potential.

Specifically, Drip aims to integrate NFTs into its reward system. While we will probably have more details on this mechanism in the future, the team anticipates granting NFT rewards for:

Team competition Hitting specified goals on the platform Using a cross-chain bridge (which will allow the swap of ERC20 and TRC20 tokens). What can we conclude on Drip Network? Drip Network is already seeing significant growth in the size of its online community. The official numbers show that several investors trust the project, and it will be interesting to see future developments.

Anyone can join Drip by following a few steps:

Go to https://drip.community/fountain and exchange $BNB for $DRIP. Enter a Buddy address in the Referral section, or simply click here Deposit at least 1 DRIP (Ensure you have enough $BNB to pay for the gas fees) You’re set up on DRIP. Get ready to receive 1% daily!

Website: https://drip.community/

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 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. 

CULT DAO Review: Decentralization for the Win

Cult DAO recently launched and released The Cult Manifesto bringing the world's first utterly decentralized token. Once CULT has started, it cannot be stopped, like Bitcoin. Cult DAO aims to fund people or groups contributing to a decentralized future. 

Due to a small 0.4% commission charged on every transaction, the exchange and transaction of CULT will continuously replenish the treasury. Provided the proposals are submitted, any protocol wishing to change the world will have a steady funding source. No matter how extreme the proposal.

The goal of Cult DAO is to accelerate the collapse of the global banking system and the current world order. As the first decentralized financing system, the project sponsors revolutionaries and those wishing to break society's ties.

The Idea Behind CULT and How it Began CULT started when Vasco da Gama found the passage to India by sailing around the Cape of Good Hope. CULT began in 1526 when the first transatlantic slave journey docked off the coast of Brazil. CULT sprang from and is based on tyranny, meaningless existence, enslavement, and the chains that tie people. True freedom, according to CULT, comes from realizing and accepting that you exist as a function and cog in a central bank's ideal economic process.

The primary goal of a central bank is to maximize employment, yet we are automating occupations so quickly that we are generating bogus jobs only to keep us enslaved. Job automation should imply freedom. However, freedom is impossible to achieve within the existing economic and financial system.

That's how CULT was born. Every transaction, deposit, and movement of the token allows you to participate and accelerate economic and societal progress towards decentralization. As the project puts it, you can battle your way out by fighting from within.

Features Project Proposals The protocol allows people to submit funding proposals for the Cult DAO. Only the top 50 CULT stakeholders Guardians can offer suggestions for funding from the protocol and monitor the recommendations made. However, Guardians cannot vote.

Proposals must satisfy three criteria to be accepted. They must fight against centralization first. Additionally, they should advance the cause of decentralization and directly benefit a noble effort. It is possible to submit proposals from anyone, as long as they follow these rules, and a Guardian is the one who presents them.

Cult DAO and its technique of financing are entirely decentralized. Cult DAO will remain as long as users utilize the CULT token to transact, custodians offer ideas, and validators vote. The project will support revolutionaries, new ideas, and decentralization.

Staking CULT Staking CULT is the foundation of the whole protocol. The Guardians are the primary stakeholders (holders of dCULT). Meanwhile, once staked, the user will get dCULT tokens as security for their deposit. The user can then redeem against the initial amount placed by the user.

The DAO receives a 50/50 part of the agreed-upon percentage when a project proposal is accepted. Cult burns half of it, while the other half is sent to the DAO and distributed among CULT stakeholders.

The user must have staked tokens to vote or get prizes. However, there is no requirement to deposit coins for staking to access the CULT network. Each transaction moves the project forward, whereas each token burn lowers circulation.

Advantages of CULT DAO Completely Decentralized: Cult DAO is based on total decentralization with an economic model and guardians to succeed in its mission. Project Funding: Those who submit proposals for financing can do so through Cult DAO. They can use the funds to build on their ideas and present them to the world. No Barrier to Entry: Cult offers the opportunity for anyone to propose innovative solutions as long as you meet their three criteria. They should fight against centralization, advance decentralization, and support a noble cause. Staking: Staking CULT is the basis of the whole protocol. Stakeholders (holders of dCULT) are the Guardians. After staking the deposit, the user will receive dCULT tokens as security for their deposit. CULT Token CULT is the tradable and liquid token of CULT.DAO. Making CULT transactions will aid the protocol by progressively increasing the DAO treasury, encouraging decentralized technological investments. It is performed by collecting 0.4 percent of all CULT transactions straight to the DAO.

This tax will go towards the Cult DAO's cash fund. The value grows until it reaches a USD value that matches the market value of 15.5 ETH. As previously indicated, staking the CULT token allows you to earn dCULT. The guardian group comprises the 50 wallets with the most tokens.

The custodians are the only people who may approve project ideas for the DAO. They cannot vote, but they must check that each proposal fulfils the DAO's standards.

If a project proposal goes through and its value exceeds 15.5 ETH, Cult will send 13 ETH straight to the proposal's wallet address, and Cult will burn 2.5 ETH. If a proposal is not authorized, CULT will continue to rise over 15.5ETH and once verified; Cult automatically transfers the funds.

What is dCULT? dCULT is the “proof of stake token” for CULT. Users who stake CULT in the DAO receive dCULT rewards, which may be traded for the CULT staked. dCULT is non-transferable and may be obtained only by staking CULT. The user may examine their balance by adding the dCULT contract address to their wallet.

Final Thoughts Cult provides a platform for anyone to contribute innovative approaches. The DAO operates independently and with the help of the 50 guardians who have the most CULT tokens. The treasury system raises cash on a recurrent basis by utilizing network exchanges. Each transaction will be subject to a 0.4 percent tax. 

The aim is to achieve the 15.5 ETH barrier, which Cult will issue if the community chooses a proposal. The initiative, backed by staking, produces revenue from transactions and the success of projects voted upstream.

Website: https://cultdao.io

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 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.

The Simple Way to Monetize Your Land – Adshares Integration with Decentraland

Adshares ($ADS) – the decentralised advertising protocol, has just shared an asset pack for DCL Builder, which enables seamless integration, automated settlement and automatic monetization of ads across Decentraland ($MANA).

Metaverse advertising is inevitable Advertising is present in every sphere of life and already appears in metaverses in a very simplified form. Sooner or later it will appear there on a large scale. Moreover, as the virtual world is in a very early stage of development, the events and experiences created for the Metaverse need advertising in order to attract guests — and to grow.

Land owners who invested in Decentraland may be looking for ways to increase their ROI by monetising their parcels with paid advertising.

Up-and-coming ad networks who may need to automate their ad placements with a more automated exchange and ad-buying process.

Adshares offers intuitive, smart-object based advertising integration A smart object, just published on the company's Github page, allows any DCL parcel owner to easily and intuitively integrate their ad placements with the Adshares protocol.

The system will automatically detect a new placement – and serve ads immediately. The whole process takes around 10 minutes and you can see it in the company’s new blog post.

The profits ('ad shares') are transferred to their native ADS wallet automatically, every hour. 

This makes $ADS the “advertising currency” – and gives any holder a share in the whole digital advertising market.

The whole process requires no media or coding knowledge. However, those who wish to track their advertising performance, can create an ad server account in order to receive live campaign data: revenue, clicks, views, CPM, CPA, and others, in an easy to export format.

Owners may freely change their ad sizes, placements or take down ads they deem inappropriate – contributing to making Metaverse advertising better.

Decentraland is the second integrated metaverse right after Cryptovoxels. As the space is growing so is Adshares. The team is constantly working on new integrations with metaverse projects like Sandbox, TCG World, Polkacity and others.

Creating a healthier adtech industry “Haters say we want to litter Metaverse with ads, but they're completely missing the point” – says Adshares CEO Chris Bochenek, “we are doing exactly the opposite. By providing a protocol designed for advertising, by making it decentralised, and by creating DAO which we plan to do – we are providing a baseplate, a backbone, a standard for a healthier digital advertising”. The summary is simple. All of our activities are leading to the acceleration of this new universe.

About the company  Adshares ($ADS) is a decentralised advertising settlement protocol working since 2017. Using a blockchain protocol, ADS enables direct contracts between Publishers and Advertisers and allows them to sign advertising contracts without intermediaries. Adshares is built to carry vast amounts of advertising microtransactions, making it the best blockchain-based protocol dedicated entirely to digital advertising.

The Adshares team is constantly working to expand its ecosystem – integrating more publishers, websites, advertising placements in the Metaverse. Adshares already is one of the largest decentralised ads platforms in the world, sharing over 200 million monthly ad impressions across the web and Metaverse.

Good news for investors. On February 15, 2022, $1,400,000 was added to the liquidity pool on Uniswap, enabling easier exchange and trading of ADS. In addition to current bridges to ERC-20, BSC and Polygon – makes the Adshres coin a truly universal advertising currency.

Website: https://adshares.net

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. 

Penny Coin: A Community-Focused Blockchain Project Guiding the Global Financial Scope

Being slightly more than a decade old means that blockchain technology is quite a nascent Invention. Its use cases keep being reinvented and innovated with new projects seemingly popping up by the day. As a result, there are a whole lot of cryptos out there, as many as 10,000 and still growing.

Penny Coin is a smart code-built token project hosted on the Binance Smart Chain. The platform is community-driven to promote the financial well-being of people globally. It is a fitting goal given that its founders had their dreams of getting rich via token investments crashed by scammers.

To meet its goal, it offers wealth creation opportunities to people of all ages or cultures via a variety of income generation streams. In addition, it avails a portion of its returns to the disadvantaged economically via redistribution, a boost to strained charity efforts worldwide.

Notable Project Features Token Dynamics for Safety Penny Coin leverages the BSC to boost the safety of the native token both to the platform and users. Within the platform, investors will be able to benefit from the blockchain's speed, but most importantly, trusted safety. 

A key concern for many crypto investors is the presence of unscrupulous and predatory behaviors on the part of project owners and developers. To assure investors of the absence of tactics such as rug pull which leaves them high and dry, the project offers high transparency. It is KYC compliant, meaning that the project's ownership is verified, all its team's identity is verified and the contact information is available on the mainnet.

As a Smart code-developed token, it is also among the most secure. Anyone can also review its open-sourced coding for easier detection and elimination of most coding bugs and flaws.

As an extra security feature, the project intends to have about 10% of its total token supply per crypto exchange. If maintained, a minimum of 10 crypto exchanges should host the token. It reduces the project's susceptibility to a collapse or downturn on any of the exchanges.

Impressive Token Economics  Penny Coin has developed an array of measures meant to ensure that the token can tame inflation and retain its value. For starters, it has a fixed total supply of 100 quintillions (15 zeros) coins. A fixed supply translates to a good guarantee of price increases given that demand will always increase.

Rather than have a fixed figure, there will be an unspecified number of burns. The rate of burns and their regularity is system generated throughout the project's time frame. It ensures that burns will be done irrespective of the interests of developers, investors, or any other stakeholders. By following the measure, the platform projects that the effect will aid in maintaining its token value.

In addition, there shall be a constant deduction of 7% of the token supply as a form of the platform's tax. The taxes shall comprise several separate constituents. 2% shall be redistributed back to the token holders as 2% is deposited to the project's primary wallet. Another 2% of the total is earmarked to go to the administrative team comprising the project developers, marketing team, and the founders/owners. The final 1% shall be secured for a charity wallet.

Diverse Benefits for Holders Penny Coin has created a diverse number of benefits for investors holding the token. The benefits cover both the financial and social spectrum. For starters, 2% of all token supplies are earmarked for distribution to the coin's holders. It provides a good form of earning passive income via staking. Liquidity is locked at 70%, with 30% being used for marketing to attract and engage new users.

Users will gain from token value increments via simply holding them in their wallets. The reduction in token supply via system-generated burns shall also work towards reducing its rate of price volatility. 

1% of tokens is set aside for the economically disadvantaged persons in society. By purchasing, holding, and trading in the token, investors get to be a part of something larger than themselves. It doubles as a charity program with a self-sustaining funds-generating system.

Customer-Centric Focus Being a community-driven platform, Penny Coin has a heavy leaning toward its customers and community. 

As an investor in Penny Coin, the project assures its community of good and reliable customer care and support services. According to the project's team, support is available 24hrs in a day, to tackle any queries users might have. It also allows for real-time updates to be availed to the community.

The platform is user-friendly, with a simple user interface. To be accessible to people of all ages and cultures, the process of buying and selling tokens is simplified.

Take Away The angle of running a token that generates income for investors as well as offering charity services is quite unexplored. The challenge lies in balancing both sides.

Website: https://penny-coin.com

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 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.

Grand Theft Crypto: Striving to be More than a Crypto Gaming Metaverse

Grand Theft Crypto(GTC) is an ethereum based virtual world that aims to be more than a P2E game or metaverse. The project stands by its goal, which is to create a Decentralised Autonomous Organisation that applies real-life human dynamics. GTC is planning to use artificial intelligence mechanisms which will emulate how human beings tackle day-to-day problems, thereby incentivizing people to be law-abiding citizens. On the contrary, the underground economy of the City of Encrypta might trick people into a more criminal way of living. Judging from GTC’s whitepaper, the game employs some similar characteristics to the Rockstar Games franchise, Grand Theft Auto.

A Brief on GTC GTC is a play-to-earn (P2E) blockchain gaming platform by Grandtheftcrypto.org that is very similar in appearance to the popular GTA game. The aim of the game differs in the fact that Citizens are incentivized to be on both sides of the law. Players are juxtaposed to a setting based on the Colombian City, Cartagena, where they live the life of an upcoming entrepreneur.  GTC tokens are earned via high risk gameplay when a player hijacks and kills fellow citizens, trades on the black market or participates in other similar activities. Similar gameplay is not risk free and may come at an economic cost. Low risk earning is also available when a player provides infrastructure around the map, receives taxes, or works a traditional 9 to 5.

GTC's founder is the new D'App development studio, Altered State Machine. The game comprises an NFT-powered virtual world called Encrypta, which mainly utilises the Ethereum blockchain. The platform offers a wide variety of services for its players, all based within the same virtual world.

The platform utilises artificial intelligence whose coding is based on human behaviour with one aim, becoming a real-life DAO. This rewards both law-abiding as well as law-breaking behaviour. 

It is important to note that the DAO is not related in any way to the Grand Theft Crypto scheme where $40million was stolen from Binance.

What to Look Out For in GTC Action-Packed Gaming Climate Within the Encrypta universe, there are many gaming activities available for users. The two main gaming objectives and types are either a fast game play in the form of hijacking, killing or  seizing assets from fellow citizens, or low-risk as in providing infrastructure and security around the map. Part of the seized assets of criminals will be again rewarded in the form of balck market bounties, creating a vicious cycle of illegal activity. 

Other in-game activities within the platform include street racing, bank heists, and property demolition derbies within the City of Encrypta. It allows for users to enjoy a fastpitch action-packed gaming experience.

Non-gaming earning activities While games are its main bread and butter, there is more on offer at GTC. Players can do some seemingly more serious activities in Encrypta City such as owning a lucrative  business. The type of business ownership is also open to one's imagination, as one is allowed to freely build their business empire

Even more amazing is the fact that each business activity is an earning stream. A shop owner can sell services and earn GTC tokens, or sell their bought land in the form of NFTs. A car dealer can buy the dealership and receive exclusive exotic car NFTs. The nft merchandisers search for rare NFT’S to sell them for a profit..

An Inflation Control Mechanism The inflation control mechanism is as intricate as it is outstanding. To start, users can own land and freely build their houses on GTC. Landowners can't lose their land, they can only be punished or rewarded in tandem with a behaviour-based penalty system. It comes in the form of lost or gained income, though the advanced penalty system is to be introduced later on.

To own Encrypta land, one has to mint/acquire an ERC721 NFT, which is done using Ethereum in the first stage and with the native token in the second stage. In stage one for every ether received from land minting, half shall be used to buy back and burn GTC tokens. Thereby creating a true deflationary supply.

Another 20% of the ether received will go towards the purchase of land parcel in the fabled Genesis city known from the Decentraland metaverse. It will be the site of the GTC White House, being community owned and to only be used for leisure activities. 

With such a multilayered means of burning tokens, long-term inflation can be better controlled to maintain token value.

Token Utility The GTC token is the game's primary currency. Within the virtual world created by the studio Altered State Machine, also known as encrypta, one has  tons of spending options with the GTC token. Investing in the purchase of a shop will be a popular option, but other options are also available. A date night live concert is on the cards, so is hanging out with pals at your own clubhouse, or acquiring a luxury car. Nothing is too crazy in the world of Encrypta.

There are financial services available just as one would know from traditional banking. Citizens can open a bank account and save their GTC, take out loans with NFT collateral, or provide credit amongst other options. Owning a debit account grants for a 2% spend back guarantee on in-game purchases. Besides the boosted Encrypta banking options one could also make use of traditional staking pools, at the cost of a 20% reduction of APY. Citizens are thus stimulated to make use of the in-game saving services.

Encrypta Market Place The GTC Marketplace gives investors to sell and buy in-game assets such as land parcels, luxury cars, or overall design. One can make a living out of handling on the GTC Marketplace and the developers will aim to create a healthy supply and demand of goods.

Expensive NFT Gifts The developers will start with buying a bored ape after completion of stage 3 to hand out to the most active citizen. The details on which bored ape exactly aren't out yet, but what a gift!

Presale The token's presale price is set at 0.1 USD, while the price at launch is 0.15 USD.. To align with regulations and provide a guarantee to clients, KYC is factored into the platform and it will launch on the Pinksale launchpad. On top of this a tier 1 audit will be performed granting users even more security. 

Take Away With increasing vibrancy as well as multiple upcoming P2E options in the crypto space, projects have to offer something concrete to attract followers. GTC's offering an incentive based, real life like dynamic to its users on top of the play-to-earn structure synonymous with many DeFi games.

Thanks to the impressive and sophisticated Ecosystem of Encrypta, GTC could capture the attention of a lot of blockchain gamers. The financial tools on offer also make it a robust platform for financial services. The game in itself is a virtual world full of lots of possibilities.

Website: https://grandtheftcrypto.org

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 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.

PIQSOL Holdings to Launch the First-Ever Solana-based Fractional NFT Marketplace

UK-based technology firm Piqsol Holdings has set its sights to launch the world’s first-ever fractional NFT marketplace on the Solana network. The firm has brought forth the project to make NFTs more accessible to users. According to the team behind the startup, the marketplace will be similar to OpenSea, but it will also offer trades of fractional digital assets worldwide.

Piqsol has identified how the crypto-based niche of NFTs is growing into the world’s financial scene. Therefore, they aim to give interested parties from any part of the world an equal chance to acquire a part of the hottest trend in the cryptoverse right now. Fractional NFTs will ensure that it is possible by giving people who may not afford these assets an opportunity to own them.

Currently, lucrative NFTs have accumulated values that could be beyond the pockets of most merchants. For instance, purchasing a BAYC NFT could cost a fortune, discouraging people from making the ‘buy’ step. According to recent statistics, NFTs could be sold for values as high as $91M, an example of how expensive they are. In 2021, Dappradar revealed that the NFT trading volume in the third quarter of the year hit over $10B. These values are undoubtedly discouraging for people who do not bag the regular million-dollar income.

Such barriers birthed the ideology of creating fractionized NFTs to make it possible for several parties to own tokenized assets. That way, the owner of the NFT can seamlessly distribute parts of their assets in terms of tokens according to their contributions.

Piqsol plans to solve such issues by creating a marketplace where users will circumnavigate the issue that is buying these ‘high valued’ digital assets. Additionally, the startup assures merchants that the marketplace will not be as challenging to use as the digital marketplaces available in the industry nowadays.

“The PIQSOL project will revolutionize NFT adoption for the masses, it not just reduces costs it drastically reduces the learning curve” explained Priven Reddy, Founder of PIQSOL. “This is the world's first fractional Solana NFT marketplace and it is huge for the industry and creates new revenue streams, new onramps, and a move towards fractional ownership that was never really within the reach of newbies, the lower-income, or middle-class consumers. It truly democratizes high-value NFT ownership.”

Pisqol has also given an insight into how the NFT marketplace will look like, revealing the availability of options like buying, selling and minting NFTs. Other features include a multichain minting network and an NFT authenticity service provided by a highly acclaimed third-party security service provider.

The platform is also planning to launch its token, dubbed PIQSOL, which will help holders to access fractional NFTs with high growth potential easily.

About PIQSOL Technology Holdings Piqsol holdings is a technology firm seeking to provide the global market with solutions to problems that curb NFT trades. The company entails a tech-oriented team with over 15 years of experience in developing softwares and mobile applications. Their long term plan is to integrate its utility token, PIQSOL, into the metaverse and other gaming platforms. Piqsol has announced an imminent limited offering pre-sale that will commence at an unannounced date this February.

To find out more about Piqsol’s future plans, visit their website: https://www.piqsol.com/#about

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.