Vilnius, Lithuania, December 13th, 2023, Chainwire

ProBit Global is excited to announce that the utility token of decentralized music platform Gala Music ($MUSIC) has been listed on the leading cryptocurrency exchange. Deposits for MUSIC opened on December 8th at 03:00 UTC, with withdrawals and trading following shortly thereafter.

Gala Music is transforming the music industry through blockchain by ensuring fair compensation for artists, eliminating middlemen, and fostering deeper fan engagement. The platform has helped emerging artists gain exposure outside the constraints of traditional labels. Its token-based rewards system motivates fans to actively support musicians they love.

Through social features, exclusive content, and redeemable tokens, Gala Music builds stronger bonds between fans and artists. The platform also facilitates crowdfunding and collaborative projects, providing fans a sense of ownership in the music they enjoy. Recent success integrating with VR and metaverse experiences demonstrates the project’s commitment to constant innovation. 

The MUSIC token plays an integral role in sustaining Gala Music’s thriving ecosystem. It can be earned and spent to access exclusive artist experiences, contribute to creative initiatives, or simply show support. As the platform has expanded its catalog to over 85 artists and surpassed 5 million monthly streams, the value of the MUSIC economy has grown in turn.

The listing on ProBit Global will introduce Gala Music’s innovative concept and utility token to a broader investor and trading base. With supported trading pairs including MUSIC/USDT, MUSIC/BTC, and MUSIC/ETH, this initiative looks to further adoption of decentralized music worldwide and fuel the next stage of growth for this exciting project.

The listing of MUSIC on ProBit Global provides convenient access for holders to purchase and trade on both the exchange’s website and its robust mobile app. The top 20 exchange also has exciting marketing activities planned, including an upcoming trading competition and airdrop centered around MUSIC, offering users the opportunity to win token prizes.

ABOUT PROBIT GLOBAL

Founded in 2018, ProBit Global is a Top 20 cryptocurrency platform featuring access to more than 800 cryptocurrencies and over 1000 different markets. ProBit Global aims to position itself as a world-class exchange for both crypto enthusiasts and novice investors, and boasts a user base of more than 2,000,000 active users, globally.

With a powerful crypto trading interface, easy integration for automated crypto trading bots, fiat on-ramp support for 45 currencies, and a multilingual website in 46 languages, ProBit Global has all the features to make your cryptocurrency trading experience easy.

To learn more, visit probit.com.

ProBit Global Telegram: https://t.me/ProBitGlobalOfficial

ProBit Global on X: https://x.com/ProBit_Exchange 

Contact

Stuart Hendricks
marketing@probit.com

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