Seoul, South Korea, December 12th, 2023, Chainwire

OverProtocol, a Layer 1 blockchain focused on democratizing validation, has exciting plans for the next year, including a mainnet launch in the first half. In October, the project successfully completed a closed beta testnet with 15,000 applicants from 127 countries, of whom 1,300 completed all tests. In preparation for the mainnet launch, they have now announced an open beta testnet and an incentive program open to everyone.

Community-Focused Launching Plan

The project will initiate an airdrop through the OverProtocol Community Airdrop Program (OCAP) to build a strong community. The path to the airdrop unfolds through two pivotal quests. The first quest, already active on OverWallet, showcasing OverProtocol’s mobile-centric vision, has attracted significant participation. Over the past six months, more than 4.7 million users have joined, with over one million users actively participating in missions each month. Meanwhile, the second quest invites users to engage with OverProtocol by running validators via OverNode on the Open Beta Testnet.

Open Beta Testnet (OBT)

The Open Beta Testnet is divided into two seasons: OBT Season 1, which runs from December 13th to 22nd, and OBT Season 2, scheduled for February of next year. During the testnet, participants can experience Home Staking by running a node and validator at home through OverNode and also learn about Ethanos, a key feature of OverProtocol. The total scores accumulated from both seasons will be considered when determining the airdrop amount. Everyone can participate in OBT Season 1, but only those with enough points in OverWallet can complete key missions. OBT Season 2 will also have a point requirement, so if you are interested in OverProtocol, download OverWallet and join the OverProtocol community.

Instructions for OBT Season 1

Please remember to follow these essential steps:

1. Download the OverNode Client: This is the first and crucial step. Download and install the OverNode client on your computer for mission engagement.
2. Complete the Missions: Follow the structured guidance provided within the OverNode client to complete your missions effectively.

Additionally, pioneers should:

• Follow the Official OverNode Channel on X: Stay updated with all announcements and important information during the testnet period by following our official channel.
• Access OverNode from the Official Website: The OverNode will be available for download from our official website starting from December 13th, 02:00 UTC.
• Familiarize with the Mission Types: An overview of the seven types of missions is provided in our official Medium article. It’s designed to assist users in understanding and effectively engaging with each mission type.

Vision of OverProtocol 

OverProtocol is a new layer 1 blockchain based on a protocol named ‘Ethanos’ that only considers active accounts valid, enabling full nodes to discard obsolete data and operate with less storage, thus allowing for reduced storage requirements. Superblock, a core contributor to the project, is developing ‘OverNode’, a full-node client that allows anyone to run a full node of OverProtocol and become a validator on their home PCs.

“By allowing anyone to run a validator, individuals have the opportunity to earn $OVER through a process known as Home Staking. This enables them to embrace a new lifestyle, offering new payment options, enhanced credit, and innovative financial opportunities,” Ben, CEO of Superblock, added.

About OverProtocol

OverProtocol is a layer 1 blockchain network committed to fostering a truly decentralized ecosystem, allowing anyone to serve as a validator. Leveraging ‘Ethanos’, an innovative node optimization technology, it empowers individuals to operate full nodes from their home desktops. Driven by the vision of decentralization, OverProtocol aspires to place the power of a new internet right in your hands.

For more information visit OverProtocol’s: Official Website | Twitter | Discord | Medium | YouTube

Contact

Maketing Lead
David Kim
Superblock
david@superblock.xyz

GRAND CAYMAN, Cayman Islands, December 7th, 2023, Chainwire

Only 7 months from the network’s launch, Sui is bridging more USDC liquidity than multiple native chains

Sui, the groundbreaking Layer 1 blockchain created by the technology experts who led Meta’s Diem blockchain initiative and created the Move smart contract language, continues its explosive ascent in decentralized finance (DeFi). This week, it surpassed $100 million in bridged USDC. 

This latest data confirms Sui’s position among the ranks of the top DeFi protocols worldwide and builds upon its most recent milestone of surpassing $175 million in Total Value Locked (TVL). The Sui Network now consistently ranks within the top 25 blockchains for daily transaction volume and within the top 15 blockchains by weekly volume.

“Surpassing $100 million in bridged stablecoins represents yet another significant moment for Sui in DeFi, and is a clear illustration of the remarkable success of the Sui community’s efforts to build a versatile and accessible ecosystem,” said Greg Siourounis, Managing Director of the Sui Foundation. “Coupled with the Network’s recent surge in TVL, as well as performance measurements that show Sui operating at the forefront of Web3 technology, this milestone positions Sui as a force driving the next generation of DeFi.”

The network’s decentralized ecosystem and independent builders are fueling that growth, with seven projects standing at over $10 million in TVL and 11 projects exceeding the $2 million mark.

In another strategic move to fortify the security and reliability of its ecosystem, Sui last week announced an ecosystem investment with leading Web3 security firms OtterSec and Zellic — providing essential access for independent ecosystem projects to high-end auditing services and setting builders on Sui on a path to success. 

Likewise, November alone saw $500,000 in a fresh round of Sui Grants issued to projects building on the Network. These grants are dedicated to project teams poised to advance the adoption of Sui and its growing DeFi ecosystem. 

For more information about the Sui Network, visit sui.io.

Contact

Sui Foundation
media@sui.io

Singapore, Singapore, December 7th, 2023, Chainwire

• Ronin by Sky Mavis, the largest ecosystem for Web3 games, is a secure and scalable EVM blockchain.
• Impossible Finance to deploy launchpad infrastructure on Ronin for Web3 game launches, aiming to advance blockchain gaming and NFT.
• Upcoming launches on the launchpad may require tokens like RON, AXS, and IDIA to be used to stake for allocation.

Impossible Finance is thrilled to unveil an exciting collaboration with Ronin, a prominent blockchain tailored for gaming. Crafted by Sky Mavis, the visionary mind behind the Axie Infinity game ecosystem, Ronin, an EVM blockchain, boasts a remarkable track record, processing over $4 Billion in NFT volumes. It stands as the only blockchain that has proven to adeptly scale a single game to accommodate millions of daily active users.

Partnership Model

In this strategic partnership, Impossible Finance brings a comprehensive suite of advisory services, encompassing launchpad expertise, research, business development, and infrastructure support to strengthen Ronin and its dynamic ecosystem.

The Ronin Launchpad powered by Impossible Finance

Beyond advisory, Impossible will be deploying launchpad infrastructure to support the launches of games — “Ronin Launchpad” powered by Impossible Finance! Our joint efforts will delve into the exploration of new opportunities and cutting-edge innovations within the gaming and NFT landscape.

“We have been looking for ways to merge the scale of users that gaming can address and the products that can scale crypto adoption, and we see Ronin as one such breeding ground for a future ecosystem of new projects, users, and community.” – Calvin Chu, Core Buidler of Impossible Finance

Impossible Finance and Ronin’s synergistic collaboration aims to advance blockchain gaming and NFTs. In working together, the team embarked on a journey to not only expand the capabilities of Ronin, but to catalyze the emergence of groundbreaking projects within the Ronin ecosystem by introducing innovative and fun games along with the adoption of NFT by increasing stakes and ownership of fun games.

Sky Mavis

Sky Mavis is a technology-focused game studio headquartered in Vietnam, leading the revolution of the gaming landscape. Their mission revolves around crafting virtual worlds featuring player-owned economies, trustless marketplaces for trading unique digital assets, and robust infrastructure reaching millions of players globally. The studio is best known as the brain behind Axie Infinity, Web3’s breakout title with over $4 Billion in lifetime trading volume between players.

The invaluable insights gained from the experience of building and scaling Axie Infinity position Sky Mavis as an ideal collaborator, offering valuable support, grants to mitigate risks, and enhancing the chances of success for games joining Ronin.

“Token launches are a seminal moment for teams building in crypto. Impossible has a wealth of experience in research, advisory and listing and navigating the pitfalls when it comes to launches. We are delighted to be working with Impossible on making every token launch on Ronin a successful event for all stakeholders.” – Bailey Tan, Director of Ecosystem Strategy, Sky Mavis.

Why Ronin?

Ronin is hyper-optimized for gaming, secure and highly scalable:

• Battle-tested and scalable: In 2021, Ronin Network successfully processed 15% of the overall trading volume in the NFT market, showcasing the network’s effectiveness and reliability. As the home of Axie Infinity assets, including Axies, Land, SLP, and AXS, it stands as a testament to its scalability, ranking third in NFT sales by volume.

Snapshot taken on 06/12/2023

• Hyper-optimized for gaming: Ronin Network distinguishes itself by curating high-quality apps and ensuring minimal bloat with high game uptime, it offers an unparalleled gaming experience.

• Fully secure: Sky Mavis has prioritized transforming into a fully antifragile, zero-trust organization, implementing stringent security protocols. Every line of code underwent thorough review and optimization, with security experts auditing the entire architecture. Ronin’s robust security measures are a direct result of Sky Mavis facing challenges head-on. The Ronin Validator Breach in March 2022, where significant assets were drained from the Ronin Bridge, served as a turning point. This breach was not due to a technical flaw, but a socially engineered attack by an elite group of hackers.
• Largest ecosystem for blockchain games. At this time, with a MAU of ~511K on the Ronin, Ronin is the largest ecosystem for blockchain games. This is contributed by the massive growth of Pixels (an interoperable Web3 farming game) starting from ~5K DAU, it now brings in over ~100K DAU to the network, (source). This is a testament to Sky Mavis’ capability in product development, community building, and go-to-market strategies.

Ronin token – RON

RON is the ecosystem token of Ronin. The RON token enables users to pay for transactions on Ronin, includes decentralized finance (DeFi) features like community governance, and utility via staking through validators to earn rewards.

Ronin validators need to hold and stake RON to participate in validating blocks. They are rewarded with newly issued RON. These rewards are divided up among a validator and its delegators based on the RON they have staked with the validator.

With the launch of “Ronin Launchpad” powered by Impossible, tokens like RON, AXS and IDIA will potentially gain additional utility as they can be staked for allocations during public sales.

To learn more about RON’s tokenomics, you can read more about it in this article.

About Ronin

Ronin is an EVM blockchain specifically forged for gaming. Launched by Sky Mavis, the creator of Web3’s breakout title Axie Infinity which has generated over $1.3B in revenue, Ronin is the only blockchain proven to scale a single game to accommodate millions of daily active users and has processed over $4B in NFT volumes. Ronin optimizes for near-instant transactions and negligible fees that enable millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games.

Website | Twitter | Discord

About Impossible Finance

Impossible is an on-chain native, research advisory firm with a DeFi launchpad and accelerator. We help projects kickstart, fundraise, scale and launch their tokens while enabling users to learn, discover and invest in high-quality crypto opportunities.

Website | Twitter | Discord | Telegram | Blog

Contact

Impossible Finance Team
Press@impossibe.finance

Singapore, Singapore, December 7th, 2023, Chainwire

Deepcoin, a global cryptocurrency derivative trading platform, is thrilled to announce the listing of Stratos on its platform. The initial futures listing for STOS/USDT is already available for trade since 2023-11-28 21:00(UTC+8) while spot trading commenced from 2023-11-30 22:00(UTC+8). 

About STOS

STOS represents the token of the Stratos project, accessible on both the Layer-1 Stratos chain and as an ERC-20 token on the Ethereum chain, with a max supply of 100 million. Since Stratos chain is EVM compatible, STOS is also accessible on any chain that is EVM-compatible. The STOS token is an innovative digital asset designed for a myriad of decentralized applications within the blockchain ecosystem. Unlike traditional cryptocurrencies solely focusing on transactions, STOS stands out as a versatile token aiming to revolutionize decentralized data management and storage. 

The STOS token helps address the persistent data storage challenges faced by blockchain networks. Current blockchains necessitate maintaining an exhaustive ledger at each node, posing limitations on their overall storage capacity. This creates a significant bottleneck as the local storage of each node dictates the blockchain’s storage limit, hindering the expansion of storage capabilities, bloating a blockchain overtime. STOS seeks to tackle this issue head-on by introducing solutions that transcend these storage limitations, enabling efficient scalability without compromising decentralization. 

The STOS token powers Stratos, a web3 project pioneering the next generation of decentralized infrastructure that encompasses a scalable and reliable all-in-one network providing storage, database,computational networks and blockchain to present a compelling solution catering to the evolving needs of the digital economy. This mechanism empowers a high-performance decentralized storage network driven by hot data, catering to the growing demands of various Dapps.This evolution is poised to offer unparalleled scalability for blockchain and Web3 ecosystem while preserving the decentralized essence inherent in distributed protocols. 

The STOS token’s adaptability and utilization extend beyond mere transactions, enabling a spectrum of services such as fee settlements, miner incentives, and resource consumption verifications. As the cryptocurrency supporting the Stratos project, STOS emerges not just as a medium of exchange but as a foundational element driving the innovation and sustainable growth of decentralized data storage solutions.

Ego Huang, CEO of Deepcoin, commented on the recent listing of the STOS token on the DeepCoin cryptocurrency exchange in a statement that reflected his optimism for the collaboration. Huang remarked: “The addition of the STOS token to our exchange marks an exciting milestone for us and the broader crypto community.”

About Stratos

At the core of the Stratos project lies a visionary concept poised to redefine the landscape of decentralized data infrastructure. This next-gen decentralized infrastructure is meticulously designed to tackle the limitations of existing blockchain infrastructure while retaining its intrinsic benefits. By introducing a meta service layer bolstered by Proof-of-Authority mechanisms, Stratos pioneers management services encompassing indexing, routing, and auditing tasks. This meta service layer ensures the maintenance of multiple copies of files across its P2P network, significantly enhancing reliability and accessibility. This also redefines the traditional notion of a storage network, elevating it to a decentralized data mesh, guaranteeing efficiency and reliability.

Comprising decentralized storage, database, and computation components, Stratos also offers a multifaceted approach to handling various data types. From structured to unstructured data, Stratos employs tailored processes to enhance data querying and manipulation, amplifying its utility across various use cases. Stratos decentralized storage is designed to store hot data, whether it’s video, audio, documents or your Decentralized Application code. The seamless collaboration between the blockchain layer and the resource layer ensures comprehensive services, ranging from fee settlements to customizable PaaS and SaaS offerings, forming the bedrock of this comprehensive decentralized data ecosystem.

Users can gain access to computing resources traditionally monopolized by centralized entities by leveraging the Stratos decentralized Cloud, fostering a paradigm shift towards decentralized computing. This innovative approach democratizes access to resources, empowering users while forging a network of interconnected small data centers to offer efficient, localized services. This ultimately allows Stratos to pioneer a new era in the information age where decentralized storage becomes the cornerstone of a more accessible and equitable digital landscape.

Stratos has recently announced its successful integration with Polygon’s Solution Provider Network (SPN), a significant move towards fortifying decentralized infrastructure. This new collaboration aims to streamline connections between developers and critical infrastructure elements like oracles, bridges, RPC providers, and wallets, expediting dApp development and deployment. Stratos, committed to empowering Web3 developers, seeks to enhance decentralized storage efficiency by leveraging its expertise within Polygon’s dynamic ecosystem. The collaboration aspires to bolster accessibility, scalability, and efficiency in decentralized data storage, laying the groundwork for a more resilient web3 infrastructure.

For more information:

Website | Twitter | Telegram Group | Telegram Announcement | Discord | Medium

About Deepcoin

Deepcoin is a leading cryptocurrency derivatives exchange committed to providing users with a secure, efficient, and innovative trading experience while known for its relentless innovation and long-term value proposition. Founded in 2018 by industry veterans and former executives of renowned companies, Deepcoin has amassed over 3 million registered users across 30 countries, facilitating a cumulative trading volume exceeding US $1 trillion. Having broad support for global fiat currency deposits, Deepcoin enables direct purchases of major cryptocurrencies and offers a range of trading options for over 100 cryptocurrencies. Its user-friendly platform includes spot trading, perpetual contracts, inverse perpetual contracts, and DeFi financial management savings, backed by 24/7 multilingual customer support, empowering individuals and institutions to navigate the digital asset market with confidence and ease. Deepcoin continues to redefine the crypto trading landscape, delivering unparalleled innovation and exceptional user experiences.

For more information: Website | Twitter | Telegram

Contact

Senior PR Manager
Shirley Zhang
Deepcoin
shirley.zhang@deepcoin.info