Free TON DeFi Alliance Announces 15M TON Yield Farming Program

PRESS RELEASE. The 15M TON Yield Farming program will take place on TON Swap (Free TON’s DEX powered by Broxus), except for the WTON-USDT pair which will be both hosted on Uniswap and TON Swap. On June 29 the first stage of farming begins. The second stage is expected to start by the end of the week. The rewards for liquidity providers will be given within two months.

Free TON is a fast, secure and scalable network, which can process millions of transactions per second thanks to its unique dynamic sharding technology. It is on a mission to drive widespread adoption of decentralized solutions by millions of users. Other unique features of Free TON in addition to its infinite sharding paradigm include instant hypercube routing, proof-of-stake mechanics to validate new blocks, an ability to configure network parameters by voting, and many more.

Distribution for the 1st stage

Pair	Platform	Reward within 2 months in TON	Farming speed0.84 WTON/sec
WTON-USDT	TONSwap	4 354 650,000	0,84
WTON-USDT	Uniswap	518 400,000	0,10
WTON-WETH	TONSwap	518 400,000	0,10
BRIDGE-WTON	TONSwap	518 400,000	0,10
WTON-WBTC	TONSwap	518 400,000	0,10
WTON-USDC	TONSwap	518 400,000	0,10
WTON-FRAX	TONSwap	518 400,000	0,10
USDT-USDC	TONSwap	518 400,000	0,10

 

Free TON has recently committed to adding $1B in liquidity before the end of 2021. Most of the network’s tokens will be put into Yield Farming in order to attract other significant DeFi protocols as well as to add more liquidity to Free TON and pull more liquidity from Ethereum before the launch of Ethereum 2.0.

This time the Free TON DeFi Alliance has partnered with FRAX (FRAX, FXS) and STASIS (EURS) protocols. The partnership will be advantageous for users of all three networks as it will open up access to highly scalable, stable, and on-chain money with low transaction costs and high TPS.

How to take part in Yield Farming and collect rewards

1. Install Crystal Wallet for Google Chrome https://chrome.google.com/webstore/detail/ton-crystal-wallet/cgeeodpfagjceefieflmdfphplkenlfk?hl=en
2. Send TONs to your address in the Crystal wallet
3. In order to participate in yield farming, you need a pair of tokens, for example WTON-USDT
4. To turn TON into WTON visit wton.io and exchange TON for WTON one-to-one
5. To receive USDT in the FreeTON network, you can buy USDT via a trading pair at tonswap.io, or send from ETH to FreeTON via tonbridge.io

5a. Visit https://tonswap.io/swap and exchange the currency you need

5b. Visit https://tonbridge.io/, connect your Metamask and Crystall wallets there and use the ETH-TON tab. Select the token and follow the further instructions on the website.

6. As soon as there are two tokens on your Crystal wallet in the FreeTON network (for example, WTON and USDT), go to https://tonswap.io/pool and add liquidity to the pair. After the liquidity has been delivered, take your LP tokens (click the cross next to the LP tokens at the bottom of the page), and you will receive the pool LP tokens on your wallet
7. Go to https://tonswap.io/farming, select the pool corresponding to your pair where you put liquidity and click the Deposit button
8. Done! After the LP tokens are credited towards farming, you will see your share in the pool and will be able to collect the reward.

Reasons behind Yield Farming and why it’s worthwhile to participate

For the Free TON DeFi Alliance:

1.Firstly, yield farming is a growth hacking technique that creates a positive feedback loop: token subsidies increase returns, returns boost capital inflows, the greater the inflows the bigger the TVL of the pool is, the more efficient way the trades can be executed; more volume is acquired, the more volume the higher the returns. The business will grow by subsidizing the activity / liquidity of users at an early stage, until the operating income for users covers the required profitability for them early on in project development. Thus, by issuing tokens to them, you make early users the beneficiaries of future revenue streams and thereby overcome their reluctance to put liquidity into early protocols.

2. Decentralization of the network and acquiring new supporters.

For users:

1. The opportunity to earn outsized returns either in terms of transaction fees or TON Crystal subsidies.

If you experience any difficulties at any stage of the Free TON Yield Farming Program, then visit the Broxus Telegram Chat, and the team will do their best to help you.

 

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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com 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.

Olyseum Launches Experiential NFT Platform to Strengthen Celebrity-Fan Engagement

PRESS RELEASE. Geneva, Switzerland, June 28, 2021 — Olyseum, a blockchain-powered social ecosystem that rewards fan engagement, is excited to announce that it has launched the world’s first star-led experiential NFT (xNFT) platform.

The platform aims to fundamentally change the landscape of fan engagement by taking NFTs to the next level. Olyseum enables gamified, authentic, and meaningful interactions between celebrities and fans.

More than 30 stars with hundreds of millions of combined social media followers had joined the platform even before its official launch, including Olyseum co-founders Carles Puyol and Andrés Iniesta as well as MotoGP star Jorge Martín, motorcycling icon Toni Bou, and 5-star Michelin chef Eneko Atxa.

Olyseum incentivizes the stars through advertising revenue, sponsorships, and the sale of experiential NFTs (xNFTs). Stars use the platform to engage with their fans through content creation activities, skills challenges and experiences. Each star will have their own “solar system”, where fans can enjoy exclusive experiences with them.

Olyseum offers a wide variety of xNFTs for fans to choose from, allowing them to build their own collections, rise up the rankings, and earn exclusive experiences with their favorite celebrities.

Additionally, Olyseum’s native utility token OLY has today been listed on the Gate.io crypto exchange — a leading global crypto exchange by volume — extending its reach to over 4 million users across 150 countries.

Olyseum was founded by the accomplished computer scientist and neuroscientist Carlos Grenoir, who serves as its CEO, and the globally renowned cybersecurity consultant Kevin Mitnick. Other founding members are the former FC Barcelona players Carles Puyol, Andrés Iniesta and Iván de la Peña.

Commenting on the launch, Olyseum co-founder and CEO Carlos Grenoir said: “In today’s highly charged social media landscape, fans have huge visibility over their favourite stars’ activities, but interaction levels are extremely limited and lack any real substance. While the rapidly expanding NFT space is providing fertile ground for stars to develop high-value digital representations of their content, the fan-star experiential paradigm has yet to be properly explored, until now.

Olyseum wants to redefine the parameters of fan engagement, empower fans to have their fandom validated, broaden the accessibility of authentic star experiences, and create a venue for xNFT trading and renting. We’re also giving stars the chance to enrich existing NFTs and transform them into xNFTs on our platform. With our unrivalled network of international icons, Olyseum’s xNFT platform is in prime position to become the marketplace of choice for stars and fans alike, while providing a trusted environment for stars to debut in the crypto sphere, elevate their brand, and monetize their star power.”

Olyseum counts among its key investors the Crèdit Andorrà Bank, BuyVIP co-founder Gerald Heydenreich, former Rothschild senior advisor Javier de Rocafort, super hacker Kevin Mitnick, INDITEX partner Jordi Ballbe, and former FC Barcelona players Carles Puyol, Andrés Iniesta and Iván de la Peña.

Olyseum’s leading token holders are Jehan Chu, founder of Kenetic Capital and co-founder of Social Alpha Foundation; Patrick Dai, founder of Qtum; David Garcia, founder of Borderless Capital and Ripio; and Albert Castellana, co-founder of NEM foundation.

OLY is an ERC-20 based token. It was launched on Uniswap in February. The token has been listed on the Gate.io exchange, ProBit exchange, CoinMarketCap, CoinGecko; and has been integrated into the Oxis and Monedero wallets.

About Olyseum

Olyseum is a star-led rewards platform for experiences and enriched Non-fungible Tokens (NFTs), making it more accessible and monetizable by taking non-fungible tokens to the next level. Olyseum’s expanding roster of stars are aligned on a common mission to create opportunities for meaningful, authentic interactions with fans, and rewarding fans for their support and participation in the celebrity economy. For more information, pleasevisit: olyseum.com, olyseum.medium.com and https://olyseum.zendesk.com

US Senator's Advice: Buy, Hold, Save Bitcoin for Retirement as Congress Floods Economy With Trillions of Dollars

U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased.

US Senator Urges People to Invest in Bitcoin for Retirement

U.S. Senator Cynthia Lummis talked about bitcoin in an interview at the CNBC Financial Advisor Summit Tuesday. Responding to the question of what her ideal crypto future would look like, the pro-bitcoin senator described:

I would like to see cryptocurrency, like bitcoin, become part of a diversified asset allocation that are used in retirement funds and other opportunities for people to save for the future.

Not only she would like to see retirement funds investing in “bitcoin and other cryptocurrencies that are good stores of value,” the senator from Wyoming said that she would “also like to see individuals be able to use bitcoin and cryptocurrencies of their preference that are safe, that have met the hurdles of anti-money laundering and Bank Secrecy Act.”

Senator Lummis further shared: “For me, I see bitcoin as a great store of value. I buy bitcoin and I hold bitcoin.”

When asked about how much bitcoin she has, Lummis replied, “Well I only have, I think, five bitcoin,” adding that she paid $330 for her first BTC.

Responding to a question about whether she invests in other cryptocurrencies, like ether, Lummis said she does not. “The only one I really understand is bitcoin. Now that doesn’t mean that ethereum might not have benefits as well,” the senator clarified.

Reiterating that she sees bitcoin as “a great store of value,” the senator said she currently does not see the cryptocurrency “as a means of exchange,” elaborating:

I want to buy and hold. I encourage people to buy and hold. I encourage them to save bitcoin for their retirement, for their future.

She explained that is “because, as the Congress spends trillions and trillions of dollars, and is flooding our economy and the world economy with U.S. dollars, there’s no way that we cannot debase the value of the U.S. dollar. So, I worry about having all of our retirement monies denominated in U.S. dollars.”

Lummis emphasized that one should have a diversified portfolio. “So as part of diversification, having a very diverse asset allocation, so you don’t have all your eggs in one basket, I think one of the strongest stores of value for the long run is bitcoin,” the senator concluded.

Do you agree with Senator Lummis? Let us know in the comments section below.

Robinhood IPO Filing Reveals $88 Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto Revenue

Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue was attributable to the meme cryptocurrency dogecoin.

Robinhood’s IPO Prospectus Reveals Crypto Business Details

Robinhood Markets Inc. (Robinhood) filed a preliminary prospectus with the U.S. Securities and Exchange Commission (SEC) Thursday for its initial public offering (IPO).

The company lists “cryptocurrency trading” through its subsidiary, Robinhood Crypto LLC (RHC) as one of the offerings on the Robinhood platform. The company explained that it “offers commission-free buying and selling of cryptocurrency” through the subsidiary. The crypto trading service was launched on Feb. 20, 2018. The platform currently supports seven cryptocurrencies: bitcoin, bitcoin cash, bitcoin sv, dogecoin, ethereum, ethereum classic, and litecoin.

For the three months ended March 31, Robinhood held cryptocurrencies worth nearly $11.60 billion, in assets under custody. The filing details:

For the three months ended March 31, 2021, 17% of our total revenue was derived from transaction-based revenues earned from cryptocurrency transactions, compared to 4% for the three months ended December 31, 2020.

Robinhood also wrote: “We believe that growing interest and adoption of cryptocurrency will drive increased customer interest in our platform and that we have significant room to grow even within our current customer base.”

In addition, the company pointed out that “A substantial portion of the recent growth in our net revenues earned from cryptocurrency transactions is attributable to transactions in dogecoin.” For three months ended March 31, 2021:

34% of our cryptocurrency transaction-based revenue was attributable to transactions in dogecoin, as compared to 4% for the three months ended December 31, 2020.

As of March 31, Robinhood has also expanded its coverage to 46 states and Washington D.C. The company also supports real-time market data for 10 cryptocurrencies, which is available to all customers. The company further declared:

In the first quarter of 2021 alone, we saw over 9.5 million customers trade approximately $88 billion of cryptocurrency on our platform, and we held approximately $12 billion in cryptocurrency Assets Under Custody as of March 31, 2021, a 23-fold increase from March 31, 2020.

What do you think about Robinhood’s crypto business? Let us know in the comments section below

Dutch Professional Football Club AZ 'Confident' About Bitcoin's Future, Keeps BTC on Balance Sheet

Dutch professional football club AZ has formed an exclusive partnership with a regulated cryptocurrency exchange platform, Bitcoin Meester. Part of the sponsorship amount is paid in bitcoin and AZ will leave the cryptocurrency on its balance sheet during the collaboration. The club says it is the first Dutch club to do so.

• Professional football club AZ Alkmaar (also known as just AZ) and Bitcoin Meester independently announced Thursday their official and “exclusive partnership.”
• The two companies have entered into a three-year agreement and will be linked at least until 2024. Bitcoin Meester explained that “Central to the partnership is the further marketing of crypto in the football world.”
• Bitcoin Meester is a crypto exchange service provider registered with the Dutch central bank, De Nederlandsche Bank. The platform allows users to buy, sell, and store over 200 different cryptocurrencies, its website details.
• AZ’s Commercial Director, Michael Koster, commented: “The cryptocurrency market is booming, with an exponential growth of users in recent years. That is appealing, but it is precisely in a new market that some direction is important.”

• The announcement details:

Both AZ and Bitcoin Meester are confident in the future of bitcoin. That is why part of the sponsorship amount is paid in the digital currency. AZ will leave this on the balance sheet during the collaboration and is the first Dutch club to do so.

What do you think about this Dutch football club keeping bitcoin on its balance sheet? Let us know in the comments section below.