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MEXC Ventures makes eight-figure investment in Toncoin and launches strategic partnership with TON Foundation

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Zug, Switzerland, October 4th, 2023, Chainwire

MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network, the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision of both companies in promoting global Web3 accessibility by lowering the barriers to entry.

MEXC Ventures’ investment, the highest amount it has committed to any layer-one blockchain, is just one part of MEXC’s broader efforts to bolster the growth of TON’s ecosystem. MEXC Ventures’ investment support of TON-based projects, such as Megaton Finance, TONPlay, Fanzee, and Sonet, is already well underway, and the venture firm plans to continue funding TON-based mini apps and projects. MEXC’s exchange will also provide marketing services and promotion for the TON-based projects they list on their platform. To further empower a commitment to The Open Network, MEXC exchange will also introduce 0% trading fees for Toncoin and plan to provide a TON collateral lending service in the near future.

TON Foundation acts as a bridge, connecting nearly 800 million monthly active Telegram users to Web3 and true asset ownership. The team is dedicated to transforming TON into an accessible platform as a simple gateway to Web3, enabling more users to acquire cryptocurrency assets swiftly and conveniently. With the support of MEXC Ventures, TON Foundation’s goal is to catalyze the creation of a Web3 ecosystem within the Telegram app– transforming the social messenger platform into a massive traffic entry point for easy access to crypto assets.

“By working with MEXC, we will bring global access to the decentralized Web3 ecosystem in Telegram,” said Justin Hyun, Director of Growth at TON Foundation. “Our Foundation is committed to promoting a user-centric experience for The Open Network community. MEXC’s support significantly strengthens our potential to build new tools and services for developers and applications that make crypto feel indistinguishable from social media for users.”

TON’s native cryptocurrency, Toncoin, is used for executing smart contracts, utilizing decentralized applications (dApps), and participating in governance on TON blockchain. Additionally, a portion of Toncoin has been allocated to the TON Foundation to encourage and support the development of the ecosystem. To date, the TON ecosystem boasts a multitude of applications, spanning wallets, DeFi protocols, decentralized exchanges (DEXs), games, NFTs, cross-chain bridges, and social, giving it a well-established foundational infrastructure.

“This investment underlines MEXC’s strong conviction in TON blockchain in building a Web3 super-app ecosystem on Telegram,” said Steve Yun, President of TON Foundation. “We are confident that the TON ecosystem and MEXC will grow together as we build for the next market cycle of bull runs.”

About MEXC

MEXC is a centralized cryptocurrency exchange that employs high-performance matching technology and has consistently maintained a leading position in the field of futures trading in the cryptocurrency industry. With the lowest trading fees in the market, a professional team providing industry-leading service responses around the clock, and a seamless trading experience, MEXC is highly regarded by users in the industry, boasting over 10 million users in over 170 countries worldwide. Since its inception, MEXC has always adhered to the value of “Users First”. Customer satisfaction has always been the guiding criterion. The fundamental reason for MEXC’s wide acclaim in service is its commitment to achieving customer satisfaction. MEXC Official Website. To sign up, register on MEXC.

About MEXC Ventures

MEXC Ventures is a comprehensive fund under MEXC Group, committed to empowering innovations of the cryptocurrency field, via strategic investment, M&A, FOF, and project incubation. Mexc Ventures upholds the concept of “discovering opportunities and growing together” by fully sharing fund resources and providing solid support for projects. The team spans across the US, Singapore, HK, and other regions of the world, with $100m+ AUM and 300+ portfolio investments.

About TON Foundation:

The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. TON Foundation is 100% funded by the community, acting in the community’s interests, and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation.

About The Open Network (TON):

The Open Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem in Telegram Messenger, TON is giving billions of people the opportunity to own their digital identity, data, and assets. See more at https://ton.org/.

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Press Release

Bitget Lists MERL token on Launchpool: Unlocking the L2 Power of Bitcoin

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Victoria, Seychelles, April 17th, 2024, Chainwire

Bitget, a leading crypto exchange and web3 company, is thrilled to announce the initial listing of MERL, the native token of Merlin Chain, on its Launchpool. Merlin Chain is a groundbreaking Layer2 solution dedicated to unleashing the full potential of Bitcoin’s native assets, protocols, and products on Layer1 through its innovative Layer2 network.

At its core, Merlin Chain harnesses the power of Polygon’s ZK technology to provide a scalable and efficient Layer2 solution for the Bitcoin ecosystem. This integration enables seamless interoperability between Bitcoin’s native assets and a wide range of decentralized applications (dApps) and protocols built on Merlin Chain.

One of the key features of Merlin Chain is its decentralized Oracle network, which ensures reliable and secure data availability for the network. Powered by Lumoz’s decentralized ZK computing power network for Zero-Knowledge Proof (ZKP) computation, Merlin Chain leverages robust cryptographic techniques to verify and validate data transactions on its network.

Moreover, Merlin Chain’s innovative architecture enables challengers to present fraud proofs on disputed matters, leveraging Bitcoin’s robust consensus mechanism to maintain the integrity and security of the network. This ensures that Merlin Chain remains resilient against potential attacks and fraudulent activities, providing users with peace of mind and confidence in the reliability of the platform.

“We are excited to welcome MERL to the Bitget platform,” said Gracy Chen, Managing Director at Bitget. “Merlin Chain represents a significant milestone in the evolution of the Bitcoin ecosystem, offering a scalable and efficient Layer2 solution that unlocks new possibilities for Bitcoin’s native assets and protocols. With MERL now available for trading on Bitget, users can easily access and participate in the growth of this innovative project.”

As MERL makes its debut on Bitget, the platform reaffirms its commitment to supporting cutting-edge blockchain projects that drive innovation and foster the growth of the digital asset ecosystem. Bitget users can now trade MERL tokens and participate in the exciting developments taking place on the Merlin Chain network.

Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in popular and valuable projects, the platform is now one of the top 10 crypto spot trading platforms with over 700 coins and 800 pairs, including BTC, ETH, SOL and more. Throughout 2023, the platform added over 350 new listings, further diversifying investment options for users. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between nearly 30 mainnets. 

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

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

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Need a passive income source? Earn at least $500 a day with Stakingfarm

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With the advent of modern-day technology, the pursuit of passive income has been the center of attraction for many individuals. The rise of innovative financial technologies including state-of-art online platforms resulted in opportunities that help people generate passive income even with minimal effort.

Among these options, staking cryptocurrencies has become a buzzword. It promises to deliver impressive results for those seeking to earn regular income throughout their lives. One of the platforms that offer individuals the chance to earn income through staking crypto without any kind of initial investment is Stakingfarm.

In this post, we’ll discuss Stakingfarm so that you can embark on your journey towards earning passive income online from scratch. If you are wondering how to make passive income with no money online, read on to find out.

 

Before going into the details of Stakingfarm, it’s important to have an understanding of the concept of staking. Typically, staking is a technique that many blockchain networks use to secure transactions and validate the same. Because of this, the networks don’t have to rely on the energy-intensive process that is required in mining.

Staking of crypto involves participants that are known as validators. They lock up a specific amount of cryptocurrency as collateral. That way, it supports the operations of the network. However, validators are rewarded for their contribution. The validators receive additional tokens.

 

Below are the significant advantages of crypto staking:

  1. It is one of the best ways to earn interest on your crypto holdings.
  2. You don’t need any kind of equipment for cryptocurrency staking, unlike traditional crypto mining.

3.You are contributing to the Blockchain’s efficiency and security.

4.Staking cryptocurrency is more eco-friendly compared to traditional crypto mining.

Despite the benefits, the primary advantage of staking is that you earn more crypto. Besides, the interest rates are very generous. It’s a great way to invest your money. The only thing that you need is cryptocurrency. Staking your cryptocurrencies on Stakingfarm is an amazing way to earn good interest.

If you are not into short-term fluctuations in price, staking crypto can be a great long-term investment. You can join a staking pool and get involved in activities. However, each staking pool comes with a fee for its services. Many staking pools come with low commission fees as well. Another benefit of cryptocurrency staking is that you don’t have to research hard to buy or sell your assets. All you need to do is stake and wait for the right moment to receive the rewards.

Staking your crypto assets on a blockchain will increase its security and stability. Additionally, it will prevent the chances of attack and disruption that may happen during the entire network process. With the increase in the number of validators, the validation process will be fluid. As such, the dealings on the network become faster for everyone who has invested.

Crypto staking is an eco-friendly technique to invest your assets. To run the mining process smoothly, blockchain networks require a lot of energy. Apart from that, many countries have banned crypto mining because of significant environmental hazards. That way, staking your cryptocurrencies on Stakingfarm will help you earn handsomely from your investment. Besides, it will keep environmental concerns at bay. 

 

Stakingfarm is a platform that offers users exciting opportunities for online passive income by combining the endless possibilities of crypto staking and farming. It was founded by CEO Klajdi Toci, a visionary person in the world of cryptocurrency. The platform tries to reimagine the future of finance by making decentralized services accessible and profitable.

Also, it helps secure investments from different types of investors worldwide. Stakingfarm focuses on transparency, innovation, and empowering its users. Stakingfarm has emerged as a leader in transforming how institutions and individuals make money from their digital assets.

Considered a pioneer in cryptocurrency staking platforms, Stakingfarm empowers investors to maximize their earnings by using strategic staking packages. It is dedicated to providing a transparent, secure, and user-friendly environment to earn passive income by investing little. With a focus on leveraging market volatility, Stakingfarm has intuitive investment solutions that you can take advantage of.

 

1.With the latest AI technology integration, Stakingfarm delivers maximized and optimized returns for its users.

  1. Stakingfarm adopts to the competitive crypto market with precision to provide real-time staking returns.
  2. The platform provides its users with the most secure and profitable staking opportunities.
  3. With initiative positions, the platform offers unmatched staking compared to other platforms.
  4. The AI-powered system analyzes market indicators, trends, and data to make decisions and optimizes staking strategies.
  5. The innovative interface allows users to monitor their investments and make decisions with confidence.
  6. The security and encryption protocols protect users from potential threats and unauthorized access.

 

Stakingfarm enables individuals to participate in cryptocurrency staking without the need for upfront investment. The platform allows users to deal with different types of cryptocurrencies to earn rewards. Follow the steps to get started:

  1. Sign up for an account by visiting Stakingfarm.com. The process is easy and doesn’t take much time. and you will get $50 trail funds too
  2. Explore the staking options that the platform offers.
  3. Choose the right cryptocurrency that you prefer most based on its overall performance.
  4. Initiate the process of cryptocurrency staking.
  5. Keep track of your staking rewards depending on the network’s protocol.
  6. Reinvest or Cash out your rewards or you can reinvest to earn more.

 

  1. ETH Trial Plan: This plan is for 1 day and you need a $50 investment. It guarantees $1.00 daily rewards along with capital back. But there are no referral rewards.
  2. Polygon Plan: This plan is for 7 days and needs a $700 investment. You will earn $7.00 daily and you get your capital back. Additionally, you get a $35 referral bonus, too.
  3. Solana Plan: It’s a 2-day plan and requires a $100 investment. It offers $2.00 daily rewards along with capital back and a $5 referral bonus.
  4. Cardano Plan: This plan is for 15 days and you need to invest $1,500 initially. It helps you secure $16.50 daily rewards along with your capital. It gives you a $75 referral bonus as well.
  5. Axelar Plan: Another 15-day plan that you can choose. It starts with an investment of $3,000. It accumulates daily rewards of $36.00 and gives your capital back. There is a referral bonus of $150.
  6. Ethereum Plan: This 30-day plan starts with an investment of $6,000. You will receive $78.00 as daily rewards alongside your capital. There’s a referral bonus of $300, too.

 

If you are looking for a hassle-free way to earn passive income through cryptocurrency staking, Stakingfarm is the way to go. The best part is that there is no requirement for initial investment. You need to follow the steps outlined in this guide and you can start generating rewards. With informed decision-making, you can unleash the potential of passive income with Stakingfarm. 



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Aark Raises $6M Funding to Accelerate LRT Liquidity Integration for High Leverage Trading

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London, UK, April 17th, 2024, Chainwire

Aark announces the successful completion of its Seed Round funding, attracting investment from leading industry pioneers, including HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest.

This follows its Pre-Seed in the second quarter of 2023, impressively led by Delphi Digital, with participation from OKX Ventures and Big Brain Holdings.

Aark is a 1000x perpetual DEX set to revolutionize the DeFi space by leveraging LRT assets to bolster liquidity for perpetual traders.

With the new investment, Aark will grow its team to develop more scalable liquidity, targeting the substantial $10 billion TVL market and enabling unparalleled high-leverage trading of up to 1000x for long-tail assets.

“Aark is shaping a future where perpetual DEXs surpass their centralized counterparts. To achieve this, Aark is introducing DeFi innovations that are absent in CeFi. Over the past two years, Aark has been meticulously developing a hyperscalable and diverse system. With the support of our new investors and believers, we aim to propel the on-chain derivatives industry to new heights,” said Eden, CEO of Aark.

“Aark’s innovative exchange model, diverse composability, and tradfi-focused team position it for significant market growth. HashKey Capital is excited to support Aark’s mission to revolutionize the perp dex landscape. We look forward to witnessing Aark’s continued growth and success in the years to come.” said Stanely Wu, Investment Professional of Hashkey Capital

“With growing adoption rates and bullish market trends, the industry needs more projects focusing on scalable and advanced trading solutions that can serve the needs of both retail and institutional investors. With Aark at the forefront of LRTfi and being one of the leading perpetual DEXs on Arbitrum, we are thrilled to be part of this round and continue supporting the team in growing within the DeFi landscape.” said Danilo S. Carlucci, Founder and CEO of Morningstar Ventures

About Aark:

Aark is a pioneering Leverage-Everything Perpetual DEX that taps into DeFi’s most liquid sector: LRT. Aark provides delta-neutral yields for LRTs, which in return provide liquidity for traders. Aark’s scalable infrastructure, capable of delivering CEX-level liquidity, allows up to 1000x leverage for long-tail assets. Aark embodies security, scalability, and liquidity, leading the forefront of DeFi innovations.

Contacts

Marketing
Ocean
AARK
[email protected]
Marketing
NJ
AARK
[email protected]



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