Panama City, Panama, December 12th, 2024, Chainwire

PoSciDonDAO, an emerging organization in the Decentralized Science (DeSci) domain, has announced the launch of a decentralized autonomous organization (DAO) dedicated to funding personalized medicine research. Leveraging blockchain technology, PoSciDonDAO aims to improve efficiencies and transparency in research funding while enabling global collaboration to address life-altering diseases such as cancer, multiple sclerosis, and Alzheimer’s disease.

A Vision for Advancing Patient Care

Personalized medicine, which tailors treatments to patients based on genetic and molecular profiles, offers a path toward more effective therapies and better patient outcomes. This field has been hindered by limited funding and systemic inefficiencies. PoSciDonDAO’s mission is to address these challenges by providing resources to explore novel approaches such as viro-immunotherapies and gene and cell therapies.

By funding early-stage, pre-patented research, PoSciDonDAO seeks to drive innovation from academic labs to commercial viability. This initiative is designed to improve healthcare outcomes for patients worldwide by advancing patient-tailored therapies and making innovative treatments more accessible.

Empowering Community Governance

PoSciDonDAO introduces incentive models to foster long-term engagement among scientists, innovators, and DeSci enthusiasts. Its governance framework enables community members to actively participate in DAO operations and funding decisions, ensuring resources are allocated to projects aligned with the shared goal of advancing personalized medicine.

Building Partnerships in Decentralized Science

Since its inception, PoSciDonDAO has been an active participant in Decentralized Science discussions and collaborations. Notably, it engages with other DeSci initiatives such as the Health Data Alliance, which includes projects like AxonDAO, DataLake, and Hippocrat, underscoring its commitment to advancing the DeSci movement. More partnerships and collaborations will be announced in the near future.

About PoSciDonDAO

By combining blockchain technology with scientific innovation, PoSciDonDAO is establishing a collaborative platform for research in personalized medicine. This approach aims to accelerate discoveries and democratize access to resulting treatments, benefiting patients and healthcare systems globally. The PoSciDonDAO team includes experts in virology, immunology, oncology, epidemiology, and Web3. With in-house expertise and contributions from its community members, the DAO can identify which projects have the most potential to impact the personalized medicine field. 

The PoSciDonDAO token (SCI) is central to the DAO’s governance model, allowing community members to participate in decision-making processes. This decentralized and transparent mechanism ensures resources are directed toward impactful research projects.

For more information about PoSciDonDAO, users can visit the official PoSciDonDAO website.

Joining the Community

PoSciDonDAO offers scientists, innovators, and DeSci enthusiasts to become part of this transformative initiative. By advancing research in personalized medicine, PoSciDonDAO aims to contribute to improved therapies and better outcomes for patients worldwide.

Twitter/X | Telegram | Discord

Disclaimer

The information provided herein is for informational or educational purposes only and does not constitute financial, legal, or tax advice. Any purchase, sale, or other transaction related to SCI tokens is undertaken at the sole discretion and risk of the participant. PoSciDonDAO does not assume responsibility for any loss, damages, or other consequences arising out of such transactions.

The SCI token is not and shall not be offered or sold to persons in the United States or individuals/entities on OFAC sanctioned lists. Further, this release does not constitute an offer to sell or a solicitation of an offer to buy any securities or financial instruments in any jurisdiction. Participants are strongly encouraged to conduct their own due diligence and seek independent advice from qualified legal, tax, or financial advisors before engaging with SCI tokens, blockchain technology, and digital assets generally. Participation in any token-related activities is subject to compliance with applicable laws, regulations, reporting, and eligibility requirements, including KYC/AML processes. PoSciDonDAO makes no guarantees or promises regarding the future performance, value, or regulatory compliance of the SCI tokens.

Contact

Marketing Representative
Ayat Abourashed
PoSciDonDAO Foundation
ayat@poscidon.com

Calgary, Alberta, December 5th, 2024, Chainwire

The EOS Network Foundation (ENF) is pleased to announce that Ceffu, the institutional custody partner of Binance, now supports the EOS mainnet. This partnership provides institutional-grade custodian services while unlocking new CeDeFi opportunities for EOS token holders through Binance’s MirrorX integration.

With Ceffu’s advanced custody infrastructure, institutions can confidently secure their EOS assets using multi-party computation (MPC) and customizable approval schemes. Through MirrorX, institutional fund managers can deploy CeDeFi strategies that leverage the best of both CEX and DeFi worlds. By leveraging Binance’s liquidity and advanced trading mechanisms, EOS token holders gain access to innovative yield solutions tailored to institutional needs.

EOS inclusion in the Coinbase COIN50 Index, a global benchmark representing the top 50 digital assets listed on Coinbase Exchange highlights the growing interest and popularity of the ecosystem towards institutions. This recognition underscores EOS’s position as a leading blockchain platform and a key player in the crypto economy.

“Ceffu’s integration with EOS represents an important step in building the infrastructure necessary to support institutional engagement at scale,” said Yves La Rose, Founder & CEO, EOS Network Foundation. “By partnering with Ceffu, we are creating new pathways for institutions to securely participate in the EOS ecosystem and benefit from its evolving opportunities.”

EOS has experienced significant performance improvements driven by community approved tokenomics enhancements. The new tokenomics strategy includes a dedicated funding bucket for middleware with the executed Unicove portal streamlining the onboarding process and improving user experience. Additionally, a staking rewards program distributing $450 million dollars worth of EOS has been active for over five months and has increased EOS staking participation by 4x while simultaneously extending the token lockup time from 4 to 28 days. These tokenomics initiatives collectively strengthen the EOS ecosystem, showcasing its growing robustness and appeal.

EOS Network

The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal Web3 user and developer experiences. EOS is the flagship blockchain and financial center of the Antelope framework, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).

EOS Network Foundation

The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are committed to a stronger future for all.

About Ceffu

Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets. Institutions may also benefit from Ceffu’s secure gateway to a wide range of liquidity products within other exchanges’ ecosystems. Institutions may also benefit from Ceffu’s secure gateway to the world’s largest crypto exchange through MirrorX, our off-exchange settlement solution. 

Contact

Tristan Dickinson
EOS Network Foundation
Tristan.dickinson@eosnetwork.com

Seoul, South, Korea, November 20th, 2024, Chainwire

Hashed and its technology arm, ShardLab, have joined forces with Naver Pay, one of the highest-used mobile payment services in South Korea, to integrate NFT-based ticketing technology.

The collaboration, which debuted at Naver’s annual technology conference, DAN24, saw over 20,867 NFTs issued and 8,849 transactions processed during the two-day event, with a total of 6,000 attendees, making this initiative one of South Korea’s largest deployments of NFTs for real-world and event-based utilities.

During the event, these digital assets were seamlessly integrated into the Naver Pay wallet, enabling their use for admission, activity verification, and prize entry. The integration of NFTs into an existing payment system used by millions represents a strong use case bridging Web2 and Web3 for mainstream audiences and provides proof of concept for broader applications in events, concerts, and large-scale activities. 

The integration leverages ShardLab’s proprietary NFT technology, including airdrop APIs and smart contracts, to provide a user-friendly solution. Unlike traditional blockchain applications that require separate wallets, at the event attendees could access their NFT tickets directly within their existing Naver Pay accounts, bringing a simplified process removing barriers to adoption.

“This collaboration with Naver Pay signifies a step forward in integrating Web3 technology into everyday digital experiences,” said Simon Kim, CEO of Hashed. “With our technical advisory and collaboration-friendly approach with Web2 companies, we can focus and accelerate the development of user-friendly Web3 infrastructure.”

Through the use of NFT-based tickets, attendees received proof of attendance and streamlined authentication for various conference activities. This functionality showcased the practicality of blockchain-based solutions to elevate user experience without requiring extensive technical knowledge or new tools.

“DAN24 marks our first step in bringing NFT technology to Naver Pay Wallet, following the growing trend of NFT adoption in major events, concerts, and ticketing,” said Mi-young Lee, Head of Pay Infrastructure and Business at Naver Pay. “We will continue to work with leading Web3 companies to pioneer innovative digital experiences.”

“We’re honored to provide this unique experience to DAN24 attendees,” said Hojin Kim, CEO of ShardLab. “This collaboration demonstrates the technical maturity and practical potential that Web3 holds, redefining what is possible to achieve widespread adoption in the digital landscape.”

With 2.3 million users and $13 billion in quarterly transactions, Naver Pay offers a robust platform to scale Web3 integrations. ShardLab, an R&D partnership between Hashed and SCBX, brings blockchain expertise, enabling seamless Web3 experiences through Naver Pay’s trusted ecosystem.

The collaboration between Hashed, ShardLab, and Naver Pay is expected to expand into additional use cases, supporting the adoption of blockchain technology across industries.

About Hashed

Hashed, established in 2017, is a blockchain-focused venture capital firm that conducts extensive investment and research activities in global startups and decentralized projects pursuing protocol economy. Operating globally, Hashed maintains presence in major cities including Seoul, San Francisco, Singapore, and Bengaluru, India.

The firm has made early-stage investments in innovative blockchain startups worldwide, including Story Protocol, CryptoQuant, and dYdX. Rather than functioning as a traditional venture capital firm, Hashed operates as a ‘second team’ to its portfolio companies, providing hands-on business development support to help them connect with the global Web3 ecosystem and accelerate their growth.

About ShardLab 

ShardLab is the innovation arm of Hashed, a leading global Web3 venture capital firm based in Asia. Under the strategic partnership between Hashed and SCBX (the mothership of Thailand’s leading financial technology group and the parent company of Siam Commercial Bank), ShardLab is having various innovative activities, such as Web3 R&D, venture building, and ecosystem building. The firm’s vision extends to fostering mass adoption of Web3 in Southeast Asia, making technology accessible, and empowering communities in this dynamic digital frontier.

About Naver Pay

Naver Pay is a fintech service provided by Naver Financial (Subsidiary of Naver, the largest IT and search engine service in South Korea) that allows users to make simple payments through pre-registered payment methods such as bank accounts, debit cards, or credit cards.

Naver partners with e-commerce sellers of all sizes to enable Naver Pay on their own websites, promoting it as a way to increase convenience and accessibility for users.​​​​​​​​​​​​​​​​

Contact

Community Lead
Wooster Han
Hashed
wooster@hashed.com

Singapore, Singapore, November 14th, 2024, Chainwire

VALR, the Pantera-backed crypto exchange and the largest crypto trading platform in Africa by trade volume, announced today that its user base has doubled in 2024, surpassing the one million mark. This growth comes on the back of VALR’s ongoing global expansion efforts as crypto markets heat up and Bitcoin is charting new highs north of $90,000. 

This year, VALR added 500,000 users to its platform, a marked increase from the initial 500,000 who joined during the first 5 and a half years since VALR’s founding in 2018.  This includes over 1,100 institutional and corporate clients. The proportion of international users has grown and now more than 1 in 4 VALR customers comes from outside South Africa’s borders.  

In 2022 VALR raised its $50 million Series B round – the largest crypto raise in Africa to date – led by prominent investors including Pantera Capital, Coinbase Ventures, and F-Prime, an investment arm of Fidelity. VALR has now raised $55 million in total.

VALR started as a spot-only crypto exchange and have since added multiple products to serve their international client base, including spot margin, perpetual futures, staking, lending, an over-the-counter (OTC) trading desk and a leading application programming interface (API) for its high-frequency traders. 

VALR’s user growth and brand recognition have been bolstered by a focus on both African markets and other jurisdictions in Asia and Europe, reaching key milestones in 2024, including being one of the first exchanges to obtain a Category I & II license from South Africa’s Financial Sector Conduct Authority (FSCA).

This year, VALR’s team embarked on an international tour, engaging with partners and communities across 12 countries in Asia, Africa, Europe, and the Middle East, further raising the brand’s global profile. As a Platinum Sponsor at Token2049, the world’s largest crypto event, VALR positioned itself as a values-driven exchange that prioritizes customer experience and high standards in both technology and service.

Farzam Ehsani, Co-Founder and CEO of VALR, reflected on VALR’s journey: “It’s inspiring to see how far we’ve come since 2018. Surpassing one million users, with half a million joining us this year, is a testament to our team’s dedication, the trust our customers place in us, and VALR’s momentum. As we continue our growth, we remain committed to providing innovative, high-quality services that serve not just individual traders, but also larger institutions and fintechs looking to build the future of finance.”

As part of its growth strategy in 2024, VALR introduced several initiatives to attract new users, including VALR’s Grand Slam – a year-long futures trading competition with monthly reward pools of up to US$5 million – and VALR’s Futures Trade Arena, where traders compete on return-on-investment (ROI) and profit and loss (PnL) performance with weekly and monthly prizes.

In October, VALR launched a Chinese version of its app, featuring a localized brand and logo, further catering to the platform’s growing Asian user base. VALR’s expansion into Asia complements its established presence in Africa and reflects the global demand for secure, efficient, and values-based crypto services.

About VALR

VALR provides a comprehensive suite of crypto products and services, including Spot Trading, Spot Margin, Perpetual Futures, an API for high-frequency traders, Subaccounts with governance features, OTC Trading, Staking, Lending & Borrowing, Simple Buy/Sell Swap, and VALR Pay.

Founded in 2018, VALR is Africa’s largest cryptocurrency exchange by trade volume, serving over 1,100 corporate and institutional clients and more than 1 million users globally. Headquartered in Johannesburg, VALR is licensed by the FSCA in South Africa, with regulatory approvals in Europe and initial approval from Dubai’s VARA. VALR has secured $55 million in equity funding from top investors, including Pantera Capital, Coinbase Ventures, GSR, and F-Prime, affiliated with Fidelity Investments.

For more information, visit valr.com.

Contact

VALR
press@valr.com

Singapore, Singapore, November 7th, 2024, Chainwire

Solv Protocol has announced its classification of underlying assets for its SolvBTC reserve. By this, Solv protocol ensures security for users as well as yield-generating opportunities while maintaining liquidity.

These classifications help to ensure stability with various asset types, with minting caps and cross-chain rate limits being implemented for innovative reserves to manage and minimize risk. 

This standardization serves as an essential layer of protection as the protocol continues to scale. The SolvBTC reserve categorizes assets into two groups: Core Reserve and Innovative Reserve. Core reserves consist of native BTC and BTCB (Binance-backed), while innovative reserves include wrapped assets WBTC, cbBTC, FBTC, BTC.b and tBTC. 

Solv is now one of the largest BTC Liquid Staking Token (LST) issuer to go multichain in terms of TVL and network connections, accessible across more than ten blockchain networks, including Ethereum, Base, BNB Chain, and Arbitrum, with over 25,000 BTC in reserves (over $2 Billion). 

This multichain expansion means users can engage BTC in diverse DeFi strategies with its added utility, allowing staking and lending to maximize BTC’s liquidity and versatility across networks.

In addition, Solv is marking the first introduction of the SOLV token utility making Solv Protocol as one of the first BTCFi protocols to classify its reserve assets.

Currently, the classifications and parameters are decided by Solv Protocol, but as the platform transitions to fully decentralized governance SOLV token holders will make the determination.

Solv’s token utility is further amplified as SolvBTC was accepted into the core pool of Venus Protocol, the largest lending protocol on BNB Chain and in the top five globally on DeFiLlama. SolvBTC joins BTCB as the only BTC assets in the Venus core pool, enabling users to collateralize SolvBTC to borrow assets like BNB, further facilitating DeFi strategies, including participation in the Binance Launchpool.

“SolvBTC’s multichain deployment and our fresh approach to categorizing BTC reserves is providing diversification and setting a higher standard for Bitcoin utility in DeFi,” said Ryan Chow, Co-founder & CEO of Solv. “With our robust network connections and TVL, we are allowing Bitcoin to work across chains with more ways for users to leverage BTC in a secure and robust ecosystem like never before.”

This announcement follows Solv’s recent move to bring Bitcoin staking to wider adoption with its Staking Abstraction Layer (SAL). The SAL framework has facilitated the launch of four SolvBTC Liquid Staked Tokens (LSTs): SolvBTC.BBN (Babylon), SolvBTC.ENA (Ethena), SolvBTC.Core, and SolvBTC.JUP (Jupiter). The full tokenomics and additional utility of the SOLV token will be introduced in a multiphase rollout. 

To learn more about Solv’s new reserve classifications, click here. 

About Solv

Solv Protocol is the leading Bitcoin staking platform, powered by its innovative Staking Abstraction Layer (SAL). Through SolvBTC, a Bitcoin Reserve for everyone, we unlock the full potential of over $1 trillion in Bitcoin assets. With SolvBTC.LSTs (Liquid Staking Tokens), Bitcoin holders gain access to diverse yield opportunities without sacrificing liquidity, allowing them to seamlessly participate in DeFi ecosystems. Solv acts as a comprehensive gateway to BTCFi, paving the way for institutional and traditional funds to confidently enter the crypto space.

Solv Protocol is backed by prominent investors such as Binance Labs, Blockchain Capital, Laser Digital, and others. Solv Protocol has undergone extensive security audits by leading firms, including Quantstamp, Certik, SlowMist, Salus, and Secbit.

Contact

PR & Partnerships
Catherine Chan
catherine@solv.finance

Singapore, Singapore, October 29th, 2024, Chainwire

Foresight Ventures, the leading investment firm specializing in Web3 projects, today announced a strategic partnership with Deep Blue, a newly launched Jersey-based stablecoin issuer and Arta TechFin Corporation Limited (Arta TechFin, HKSE: 0279), a Hong Kong listed company via its subsidiaries operating regulated financial institutions and leading blockchain developments. The alliance aims to drive innovation and growth of the Stablecoin and Real-World Asset (RWA) ecosystem

Deep Blue is an issuance platform for Stablecoins bringing best-in-class practices and best partners in both digital assets and traditional finance, enabling users to operate across multiple use cases.

Arta TechFin will bring in its capabilities as a regulated blockchain financial services provider, collaborating with Foresight Ventures and Deep Blue on Stablecoin and RWA businesses including but not limited to origination, tokenization, market making, and providing liquidity. 

Julien Bahurel, co-founder of Deep Blue, commented on the partnership: “We are excited to join forces with Foresight Ventures to accelerate our efforts in the Stablecoin and RWA sectors. This partnership represents a significant step forward in our mission to bridge the gap between traditional finance and the emerging blockchain economy; leveraging on key crypto partners, large Asia-based conglomerates and financial institutions.

Foresight Ventures, known for its commitment to fostering Web3 projects that promote decentralization and mainstream adoption of cryptocurrency, will provide Deep Blue with strategic collaborations that include media and network resources. This partnership is expected to elevate Deep Blue’s initiatives, bringing them to a wider audience and enhancing their impact on the global financial landscape. Both parties look to leverage off each other’s access to the blockchain and traditional finance ecosystems. 

Forest Bai, Representative at Foresight Ventures, expressed his enthusiasm for the partnership: “We are thrilled to collaborate with Deep Blue and ArtaTechFin, companies that share our vision of a decentralized future where blockchain and traditional finance coexist seamlessly. Our strategic resources and industry expertise will help Deep Blue scale its ecosystem and make a lasting impact in the stablecoin and RWA domains.”

This strategic partnership marks a new chapter for all companies as they work together to pioneer cutting-edge financial solutions that will shape the future of the global economy.

 For more information , please visit Deep Blue Limited or ArtaTechFin

About Foresight Ventures

Foresight Ventures is the leading global crypto venture capital firm, managing over $400 million in assets across 100+ investments. With a research-driven approach, Foresight Ventures bridges Eastern and Western markets, focusing on early-stage opportunities in Web3. Its diverse portfolio spans blockchain infrastructure, AI and consumer applications with investments in top companies like Bitget, Aptos Labs, and TON. Through its premier owned media network, including The Block, Coinness and BlockTempo, the firm provides exposure to transformative technologies that shape the future of financial ecosystems.

Foresight Ventures backs the boldest upcoming innovations, encouraging concepts that challenge conventional platforms with real-life use cases built on emerging technologies. Dedicated to accelerating crypto adoption for billions of people worldwide, Foresight Ventures breaks down barriers empowering global financial freedom and inclusion to all.

For general enquiries, please email: fv@foresightventures.com

Contact

Media Team
Foresight Ventures
fv@foresightventures.com

Singapore, Singapore, October 24th, 2024, Chainwire

Hybrid cryptocurrency exchange GRVT (pronounced “gravity”), which aims to become the “Goldman Sachs on blockchain”, is thrilled to announce its latest partnership with XY Finance, a cross-chain DEX and bridge aggregator, addressing one of the biggest challenges facing crypto traders today: the complexity and cost of moving assets across different chains and exchanges. 

The partnership introduces an innovative cross-chain bridging UX by leveraging XY Finance’s Proxy Bridge, to enable CEX-like, gas-free bridging for DeFi. It allows users to seamlessly deposit funds from a CEX directly into GRVT’s smart contract, with no gas fees and no need for multiple wallet transactions — an industry first for DEXs. 

More importantly, this solution significantly simplifies access for non-crypto native users, who often struggle with the complexities of gas fees, bridging, and related concepts, setting new standards for DeFi and the broader industry.

Watch the video to learn more about how this makes DeFi deposit easy. 

Solving the Biggest Hurdle On-Chain: Cross-Chain Money Moving

As the cryptocurrency landscape continues to expand, traders often face significant friction when attempting to move assets between different exchanges and blockchain ecosystems. According to GRVT’s survey with close to 3,000 community members, three key issues are identified with the DeFi user experience: 

1. Difficulty in moving money on-chain (45%); 
2. Challenging wallet creation and management (20%); 
3. Gas fees are a barrier (15%).

For retail and institutional users alike, these barriers have slowed the adoption of DeFi and made seamless trading a challenge. GRVT and XY Finance are stepping up to eliminate these pain points, bringing a new level of efficiency and ease to the crypto trading experience.

Hong Yea, co-founder and CEO of GRVT, commented, “DeFi adoption remains low, largely because the current landscape requires a steep learning curve, especially for first-time users, with the bridging process being a major pain point. Previously, users had to hold tokens to cover gas fees and complete multiple transactions just to deposit funds into a DEX smart contract. GRVT removes this friction by making these complex DeFi components invisible to the user. Our goal is to bring the benefits of DeFi to a wider audience by simplifying the experience.”

Wei Hsuan Huang, Founder and CEO of xSync Network and XY Finance, highlighted, “With the support of xSync Network’s omnichain infrastructure, XY Finance is enabling seamless, bridging from CEXs and any blockchain directly to GRVT. Together with GRVT, we are committed to eliminating the traditional complexities that have kept new users from fully embracing DeFi, offering a streamlined experience that simplifies cross-chain transactions and accelerates broader adoption.

This partnership marks another significant milestone for GRVT, as it prepares for the Q4 Mainnet launch. GRVT’s Open Beta Testnet is currently live, with more than 2.5 million users registered on waitlist.  

For more information and to join the GRVT community, visit grvt.io.

Disclaimer: Cryptocurrencies carry high risks. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our [Risk Disclosure and Disclaimer] in full.

Singapore users: GRVT is not licensed, approved, authorised, designated, recognised, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore (“MAS”). As such, users will not have the benefit of any regulatory safeguards imposed by the MAS.

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About GRVT

GRVT (pronounced “gravity”) is a hybrid derivatives exchange founded in 2022, offering off-chain order matching and on-chain settlements at an impressive 600,000 TPS. GRVT’s vision is to reinvent the global financial system from its core by leveraging blockchain technology, giving more people the power to generate and fully own their wealth without barriers. With the ambition to build the “Goldman Sachs on blockchain”, GRVT brings institutional expertise to decentralized finance. Our goal is to build an open, scalable marketplace—akin to the “Amazon of DeFi”—where individuals can easily access financial products.

GRVT official website: https://grvt.io/ 

For media inquiries, contact: press@grvt.io 

Social and Community: X | LinkedIn | Telegram | Discord

About XY Finance

XY Finance, powered by omnichain service provider xSync Network, is a leading Cross-Chain DEX and Bridge Aggregator, facilitating over $2 billion in volume across 25+ major blockchains and serving a user base of more than 800k.  XY Finance allows users to bridge and swap any token across multiple chains, offering the best rates and routes. Developers can leverage XY Finance’s bridge & dex aggregator API and widget to expand their projects, seamlessly connecting to all supported chains to drive growth and adoption.

XY Finance Official Website: https://xy.finance/ 

For media inquiries, contact: alina@xy.finance

Social and Community: X | DeBank | Telegram | Discord

Contact

GRVT
press@grvt.io

Singapore, Singapore, October 23rd, 2024, Chainwire

VALR, the Pantera-backed crypto exchange, is proud to announce the launch of VALR’s Futures Trade Arena, a competitive trading hub where traders can vie for weekly and monthly prizes based on their Return on Investment (ROI) and Profit and Loss (PnL) performance. This new initiative, which runs from October 1, 2024, until at least April 30, 2025, levels the playing field by rewarding performance, not just trade size.

The Futures Trade Arena offers up to 120,000 USDT in prizes each month, with prize distribution adjusted by the number of eligible participants. Monthly prizes range from 2,000 USDT to 10,000 USDT for the top traders by ROI and PnL, while weekly prizes range from 25 USDT to 2,880 USDT for the top 10 traders in each category

To be eligible for the Futures Trade Arena, traders must have cumulatively traded at least $2,000 in Futures on any of VALR’s Futures pairs during the 14 days before the start of a Weekly Competition Round. Once the $2,000 trading threshold is met, traders are automatically entered into the next Weekly Competition Round and the corresponding Monthly Competition Round of the same month. This structure ensures that traders of various skill levels can compete, regardless of when they meet the eligibility criteria, and ensures fair competition for rewards based on performance.

Each Monthly Competition Round consists of four consecutive Weekly Rounds. Prizes are awarded for top performers in both ROI percentage terms and absolute USDT-denominated PnL, providing multiple ways for traders to excel. The competition is open to all new and existing fully KYC-verified VALR customers, excluding VALR employees, contractors, and residents of prohibited countries.

This new offering from VALR is designed to allow traders of all sizes and backgrounds to showcase their trading skills, without being overshadowed by those making larger trades. The Futures Trade Arena focuses on rewarding smart, effective trading strategies, with performance-based prizes that create opportunities for all participants.

Ben Caselin, Chief Marketing Officer of VALR, commented on the launch: “The Futures Trade Arena is a game-changer. We’re not just focusing on volume but on rewarding real trading performance. This initiative truly levels the playing field, allowing both professional and retail traders to compete on strategy, not just trade size. It’s all part of our ongoing commitment to building VALR as a global brand that prioritizes fairness and opportunity for all.”

About VALR’s Grand Slam and Futures

The Futures Trade Arena complements VALR’s Grand Slam of Trading Competitions, a global futures trading program that launched in May 2024. The Grand Slam features one of the world’s largest prize pools, with up to 60 million USDT available across a 12-month period. It automatically includes all users trading Perpetual Futures on VALR, with monthly prize pools ranging from 33,000 to 5 million USDT, depending on the total trading volume for the month.

The Grand Slam is designed to attract both professional and retail traders, allowing all participants to benefit from the platform’s growth. This global initiative has garnered significant interest from some of the largest trading firms and highlights VALR’s continued commitment to expanding its footprint in the global crypto space.

About VALR

Founded in 2018, VALR is the largest crypto exchange in Africa by trade volume, serving over 1,100 corporate and institutional clients and more than 950,000 users globally. Headquartered in Johannesburg, VALR is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa and has approvals to offer services in Europe and initial approval from Dubai’s VARA. VALR has raised $55 million in funding from top investors, including Pantera Capital, Coinbase Ventures, GSR, and Avon Ventures, an affiliate of Fidelity Investments.

VALR distinguishes itself through its customer-first philosophy, offering secure, transparent, and innovative solutions for both professional and retail traders. As a leader in the African crypto market, VALR connects global markets, leveraging opportunities in Africa, Asia, Europe, and the world. For more information, visit valr.com.

Contact

VALR
press@valr.com