Author: dfmines

It's common knowledge here that the SOL network goes down frequently, gets hacked, doesn't work etc yet people still continue to invest in it. And yet again it was attacked YET AGAIN recently! If traditional banking was this flakey the government would haul it over the coals and watch it burn. Yet people still invest…
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Important Edit: Someone just mentioned there seems to be no contract for minting TRX right now. I double checked the white paper and looks like the full mint and burn mechanism wont be implemented until November. Until USDD can be burned for newly minted TRX there is 0 chance of a failed mint and burn…
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Humanity has always been obsessed with stepping out of the borders of this world into new realms. The Metaverse trend shows no signs of slowing down as Companies such as Facebook create their own, and billions of dollars are invested into the industry. So, why are people interested in it? The Metaverse employs what is known as play-to-earn, where users can accumulate wealth or assets for completing tasks within a Metaverse. This varies with projects as some create a social hub where other more advanced Metaverse environments offer lucrative P2E incentives. In addition, people spend between four and five hours a day with leisure time – why not have this leisure time earn you money? Someone may spend four hours a day playing the popular Grand Theft Auto 5 (GTA5) title by Rockstar Games. In this game, the player completes a mission with friends and acquires guns, cars, and houses. In addition, the player may spend real money buying fake currency and purchasing more vehicles. Alternatively, the Metaverse allows this while making actual money. This is because the tokens the users earn are tradable to anyone around the globe, from NFTs to fungible tokens like the MTVT token within Metaverser. Metaverser is a P2E project that aims to provide a world of opportunity, fun, and profit-making. Profit-making consists of either earning their native cryptocurrency ($MTVT) or non-fungible tokens (NFTs) by completing tasks, missions & challenges within Metaverser. Although Metaverser is a high-quality product designed by experienced professionals, it offers far more than just the above. These are the ways that you can earn an income in Metaverser while having fun: Mining Mining in Metaverser is more straightforward than the real-world alternative, requiring only a house, a mining rig, and a small 5% revenue as an electricity fee. In addition, Metaverser adds incentive as each element is an NFT with value. In this instance, you have a house and a mining rig that both appreciate. Land & Housing You can buy homes in Metaverser that have value and utility. You can also purchase and obtain alternative land types with unique benefits. This includes industries producing electricity for miners (meaning you get some revenue) and transport services. Grocery stores supply unique NFT items to players that fuel a player. Land may also have a billboard that is rentable. Racing & Tasks Unlike traditional games, the cars you acquire will be unique and tradeable NFTs. A player could trade their way to their perfect vehicle or use the income to buy it. Variety exists with the cars as a player may either complete challenges and missions to earn prizes (including money) or aim to win the monthly championship racing tournament. Missions also consist of gun-related challenges for those who do not want to race. This offers two distinct playstyles, the competitive playstyle against other players and the casual playstyle for those who want to relax and enjoy Metaverser’s beautiful nature. Further, every unique NFT levels up with the player making it potentially more lucrative than before. Visiting other houses It is not all exciting racing, missions, and challenges. For some, they may simply want a place to relax with friends. Hombaba Island, the first Island on Metaverser, is an entire self-contained playground allowing players to travel to each other’s homes and spend time together with (optional) realistic avatars made by advanced face-scanning technology enabled through ReadyPlayerMe. In their home, people can dance, talk, chat, watch TV, and more, with complete privacy – and an entire world of possibility outside their front door.  

The legal representative of victims of the Onecoin bitcoin scam operation, Jonathan Levy, has accused the Bulgarian prosecutor of deliberately failing to take action against Onecoin. The lawyer said due to the prosecutor’s inaction, more victims are losing millions of dollars to the fraudsters. Prosecutor Refusing to Take Action Against Ruja Ignatova’s Mother A lawyer […]

United States stock markets provide the backdrop for reversal in Bitcoin as $30,000 manages to hold.

With the total value locked in GameFi crossing $28 billion, game development giants the likes of Electronic Arts and Ubisoft are exploring the Play-To-Earn (P2E) space. Originally perceived solely as entertainment, today gaming has transformed into a means of making a substantial profit. It’s now evident that the NFT rental systems will become one of the core instruments of the GameFi and DeFi industry. Yet, the nascent industry still lacks an aggregator that would connect members of the GameFi ecosystem, give brands a better idea of consumers’ intent, lower entry barriers, and create more trust in the space, nor tools that would allow monetizing NFTs to make a profit. UNITBOX DAO is the first custody-free NFT renting and leasing protocol, as well as the first use case of the wrapped NFT (wNFT) technology. It leverages DeFi mechanics to aggregate millions of crypto investors, renters (guilds, scholars), and players to provide them with access to its one-of-a-kind Rent-to-Earn model. Features and products Launched in Q3 2021 in Dubai by Anton Link, UNITBOX offers collateral-free renting and leasing for NFTs. Through the protocol, users can buy, sell, rent, and lease non-fungible tokens on the native marketplace, while games and other projects (e.g. marketplaces), can use it to integrate the rental service into their systems. The platform allows NFT owners to lease their non-fungible assets, while the payouts are distributed automatically on the daily basis via blockchain mechanics. The investor can call back their non-fungibles at any time and get his investment returned. The rental system is powered by the know-how wNFT technology created by UNITBOX Co-founders, which won top-3 at a Binance hackathon and received grants from Rarible, Polygon, and NEAR Protocol. The non-fungible gets wrapped in wNFT for the duration of the rent and is unwrapped back into the original NFT as one of the participants calls the deal back. All actions are carried out through a smart contract. UNITBOX brings in trust by guaranteeing the reliability of any deal. All transactions within the system are fully transparent, while the investments and payouts are also distributed via DAO-governed mechanics. This approach helps effectively solve the trust issue and offer a new investment product with an understandable and transparent business model for the entire industry to benefit from. Who can benefit from using UNITBOX UNITBOX aims to bring value to four groups of people: guilds, scholars, gamers, and investors, offering new investment possibilities in the GameFi and Defi markets. UNITBOX empowers transparent investing into P2E while lowering the entry barrier, so crypto investors can start earning instantly on rent and staking. For guilds, the platform offers NFT assets rentals & delegation in its DAO ecosystem, well as advanced guild management tools and infrastructure. Scholars on UNITBOX can enjoy jobs and intuitive profit-tracking through various earning, ambassador, and airdrop programs & other tools. On top of that, both guilds and scholars get access to an extensive gamer database, as well as liquidity-raising instruments to increase revenues. GameFi players, in their turn, no longer need to purchase expensive NFT objects to earn money in games: they can start earning by renting out non-fungibles they need, share profit and get a chance to become scholars. The platform enables a plethora of handy features and dashboards for all users to ease decision-making and governance processes. Economy Staking is the main utility function of the native $UNIT token. A percentage of the profits of investors and tenants – 7,5% of the success fee – will go to the project treasury, to be distributed proportionally among the stakers. This model creates an incentive for the organic growth of the token rate, as well as a cycle of dependency on the marketplace customers. Market mechanisms will support the price of the token and set a price floor for $UNIT. Therefore, with the growth of the GameFi industry, the number of UNITBOX users will increase – and so will the rate of the native token. Team, expertise, and partners The project’s team, led by CEO and Founder Anton Link, includes tier-1 professionals with leading crypto, investment banking, and tech backgrounds. All of them have in-depth experience working on DeFi projects. To date, the ecosystem has partnered with over 10 Guilds, 50,000 investors, and 300,000 scholars and researchers. Eventually, by the end of 2022, UNITBOX aims to connect more than 300 guilds, 100,000+ investors, and half of a million traders. Future milestones UNITBOX started 2022 by rolling out the protocol prototype, developing and testing economy logic, performing key hires, and opening a strategic financing round. In Q2, the team plans to finish the development of the UI/UX frontend, launch the native rental marketplace, open alpha-build early access for $UNIT holders, and hold private and public sales rounds for the token. Q3 will see NFT oracle integrations, code freeze, and security audits, as well as the listing of $UNIT on tier-1 exchanges. And lastly, the launch of UNITBOX DAO protocol, completion of staking vaults, wNFT rentals for B2B, and the launch of governance mechanisms are planned for Q4.  

Blockchain is the technology that started it all – it’s what makes millions of transactions sent through peer-to-peer cryptocurrency networks every year. And now, it’s making its way into one of the most important parts of everyday life – communication. But what makes blockchain so powerful, and what exactly does it have to do with the way in which we talk to others? What Makes Blockchain Powerful Cryptocurrency networks decide on the true state of their blockchains using consensus mechanisms, processes that verify the legitimacy of data stored within blocks and decide where along a particular blockchain those blocks belong. If nodes within a cryptocurrency network disagree on a blockchain’s true state, then protocols specific to each network automatically settle the dispute and determine the correct blockchain. Because this is done automatically, it is very difficult for an attacker to commit fraudulent transactions. Consensus mechanisms contribute to another attractive feature of blockchains, that being their immutability. Data stored within blockchains cannot be retroactively changed or reversed without majority consensus. 51% or more of all nodes within a cryptocurrency network must agree to change the state of a blockchain. As a cryptocurrency grows, it becomes harder and harder for a single entity to control 51% of the network. Because of this, large cryptocurrencies like Bitcoin ensure the integrity of transactions. In turn, this enables individuals and businesses to trust that their funds are safe. How Blockchain Revolutionizes Communication TokLok, a rising messaging app, is using similar technology to revolutionize online communication. TokLok uses a decentralized and encrypted peer-to-peer network to send fully secure communications directly between phones, guaranteeing truly private correspondence. When messages are sent from one phone to another, they are first wrapped in two layers of encryption. Then, they travel throughout the network to their intended destination. To ensure that they cannot be intercepted, only devices equipped with the correct secret codes can decrypt and read them. The combination of encryption and secret codes makes it impossible for anyone who attempts to insert themselves between senders and receivers to sniff or alter the contents of their messages. This enables users to trust that their conversations are unfiltered, uncensored, and secure. While there are several encrypted messaging apps available, no other app goes to such lengths to protect user data. Because TokLok sends messages directly between phones, those messages never touch a third-party data provider,  completely skipping cellular networks and internet service providers. This is important because messages that through third-party networks are vulnerable on the way to their destination. Without knowing what happens between a message’s start and end point, it’s impossible to determine whether they are being spied upon or altered. This concern is not unfounded. The famous PRISM documents, leaked by Edward Snowden in 2013, revealed that the National Security Agency (NSA) in the United States had back-door access to some of the largest internet platforms. Microsoft, Google, Facebook, and Apple were all named – either voluntarily or by force, these companies enabled the United States government to spy on anyone using their services. Between government surveillance and hackers, no data sent through a third party is safe. Even without anything to hide, data privacy is important. Data sent through third-party services can be stored indefinitely and used in a plethora of nefarious ways. Personal data can be used to profile individuals in order to influence their beliefs, track their movements, impersonate them, steal their identity, and more. Though TokLok is already developed, maintaining the most secure messenger is no small task. Cyber security threats evolve every single day. As such, TokLok has decided to go public via an ICO, or Initial Coin Offering. Sold TOL tokens will be distributed through the Ethereum blockchain, and the funds generated from these sales will be put towards continuous updates and the development of new features. The first round of TokLok’s ICO has already begun. In total, there will be three rounds, each round offering the token for a higher price than the last. Because TokLok has the competitive advantage of being the only messaging app that provides full security, investors from across the cryptocurrency space are jumping in.

The bill once, approved by Governor Kathy Hochul, would make New York the first state in the U.S to put a moratorium on crypto mining.