Cheltenham, Australia, December 29th, 2023, Chainwire

DRIFT, the studio and accompanying token behind the Web3 game Payout Pursuit, sold out in the first round of the presale in just two hours.

The new project, created by a veteran and fully doxxed team, has announced that the second presale round will take place on January 3rd, at 12pm EST (5pm UTC). 

The team behind DRIFT has implemented a unique tokenomic structure around the project, in which the success of the game benefits the studio token and vice versa, but sell pressure is reduced through two-way insulation between the game and the studio.

The team’s experience in Web3 gaming and NFT publishing has lent them unique insights into which tokenomic models work, and which don’t. Given their track record and deep understanding of the wider crypto landscape, the team behind DRIFT was always focused on developing a project attractive to Web3 gamers and non-gamers. 

Following the success of DRIFT’s first presale round, the core team and developers are working on plans to scale, while remaining committed to their grassroots, organic approach to partnerships and community-building.

According to DRIFT’s CEO, Josh Chand: “The community really resonated with the idea of a studio token, rather than an in-game token, as well as a cross-chain gaming experience. The real benefit of this tokenomic model is that gamers and non-gamers can all participate in the studio’s endeavors.”

The team behind DRIFT also operates Influ3nce and its Amba$$ador program. This initiative enables Key Opinion Leaders in the Web3 space to financially benefit by actively involving their followers and communities in projects they endorse.

Many investors in the presale participated in the Ambassador program, which operates on a revenue-share basis to reward members of the community that support the project directly.

Community engagement remains a key plank for the DRIFT project. However, according to Chand, quality is the most important factor in the success of any project. He emphasizes: “We’ve had some early success, but we’re not resting on our laurels. We understand that communities are built around quality projects—in the end, quality really counts.”

The second round of the presale kicks off on January 3rd, 12pm EST (5pm UTC).

About DRIFT

DRIFT is the studio token behind the Drift studio. Drift is a Web3 game studio, which already has a ready-to-play Beta version of its game, Payout Pursuit. 

The DRIFT token has utility for gamers and non-gamers. Gamers who hold DRIFT will be able to customize their gaming experience with NFT skins and other features. Non-gamers who stake DRIFT receive a percentage of game revenue, and the token also receives Liquidity from a percentage of game revenue. 

The Drift project has been developed by a highly experienced, fully doxxed Web3 team, with multiple successes in the Web3 space.

For more information: Official Website | Payout Pursuit | Influ3nce | Amba$$ador | Twitter | Telegram

Contact

Head of Marketing
Paul de Havilland
DRIFT
paul.dehavilland@drifttoken.io

DeFi, Crypto World, December 23rd, 2023, Chainwire

Where decentralized perpetual trades are more transparent and easy to use, in an ecosystem full of exciting features

Picture a world where the traditional rules of the game don’t bind cryptocurrency trading. This is where perpetual decentralized exchanges (PDEXs) come into play, a relatively new kid on the block in the grand scheme of DeFi. The market is constantly changing, and perpetual DEXs have been a game-changer, growing their market cap beyond $2 billion. But it’s not been a walk in the park.

Despite their innovative approach, these platforms have been nudging for space in a market heavily dominated by CEXs. It’s like David versus Goliath – with perpetual DEXs holding around 3% of the total trading volume, they’ve got their work cut out for them.

The challenge isn’t just about size; it’s about technology too. Building a sandcastle with a teaspoon is difficult – that’s how perpetual DEXs have sometimes felt with their on-chain order books facing off against the sleeker, more streamlined CEXs. But every David has his slingshot. For perpetual DEXs, it’s the untapped potential in a market craving innovation and decentralization.

There is where Swych PDEX struts onto the stage. In a world where GMX and dYdX have been making waves, Swych PDEX isn’t just following the trend; it’s aiming to set a new one. Think of it as a blend of ambition and technology, gearing up to ride the wave of how leveraged trading should be. It’s not just about joining the race; it’s about redefining it.

In the end, it’s about changing the game – and Swych is here to play.

Introducing Swych PDEX

Swych’s perpetual DEX focuses on risk management and innovative mechanics, tailored for both beginners and expert traders.

Image from Swych PDEX

Key Insights:

• Clean interface and is user-friendly.
• Fully integrated TradingView chart.
• Tradable assets include BTC, ETH, and BNB.
• Ability to set take profit and/or stop loss when entering a trade.
• Ability to set take profit and/or stop loss after entering a trade.
• Ability to add/remove collateral while in a trade.
• Full position, order, and trade history details.
• Mobile access.
• Paper Trading mode with live pricing data.
• Market and Limit orders.
• PnL is the Net PnL, so what you see is what you get.

Clean Interface and User-Friendly

Swych PDEX is designed with simplicity at its core, ensuring a smooth and intuitive trading experience. This user-friendly approach lowers the barrier to entry for new traders and streamlines the process for experienced users, making the platform accessible to a broad audience.

Fully Integrated TradingView Chart

The platform features a fully integrated TradingView chart, offering comprehensive tools for market analysis. This customization enables traders to tailor their analytical approach, adapting the chart to fit their trading styles and preferences.

Tradable Assets

Swych PDEX will initially support BTC, ETH, and BNB, offering a diverse range of trading options. This variety caters to different investment strategies and preferences, with plans to expand the asset list further in the future.

Setting Take Profit and Stop Loss

Traders are allowed to set take profit (TP) and stop loss (SL) orders both at the time of entering a trade and after the trade is already open. This flexibility in managing trades is important for effective risk management and strategy implementation.

Dynamic Collateral Management

Traders can add or remove collateral while trade is active, providing enhanced control over their trading positions and risk exposure.

Comprehensive Trading Information

Swych PDEX provides detailed information on positions, orders, and trade history. This transparent environment is to make informed decisions, review trading strategies, and track market performance accordingly.

Mobile Compatibility

Recognizing the need for trading on the go, Swych PDEX offers a mobile-friendly interface. This feature ensures that users can manage their trades and stay connected to the market anytime.

Paper Trading Platform

The paper trading feature with live pricing data is ideal for practice and strategy development, especially for new traders or simply those who wish to test the waters. It allows traders to simulate real-market trading without financial risk, making it an invaluable tool for learning and experimentation.

Order Types

Supporting both market and limit orders, the platform accommodates a variety of trading strategies. This flexibility allows traders to execute trades based on their market expectations and risk appetite.

Transparent PnL Reporting

The platform shows PnL as Net PnL, providing a clear and honest view of a trade’s outcome, after accounting for any fees. Traders can see the actual fees before opening a trade and see the fees while the trade is open. Gross PnL is shown as well.

Understanding Fees and Real Yield

Swych PDEX operates on a real yield fee system, designed to sustain the platform while rewarding its users. This system not only ensures the smooth operation of the exchange but also contributes to the generation of real yield for the investors. Here’s a breakdown of the fee structure and how it ties into the concept of real yield.

Exchange Fees Explained

The fee structure of Swych PDEX is carefully adjusted to balance the need for operational sustainability to reward its users. It’s a model that reflects the platform’s commitment to creating a mutually beneficial ecosystem for all its stakeholders.

• Position Fee: Swych PDEX charges a 0.1% fee for perpetual trading. This fee is applied to each trade.
• Liquidation Fee: A nominal charge of $5 is levied as a liquidation fee. This fee is incurred when a position is liquidated, which usually happens when the market moves against a leveraged position beyond a certain threshold.
• Dynamic Borrowing Fee: This fee is calculated as (assets borrowed) / (total assets in the pool) * 0.01%, with a cap of 0.01% per hour at full pool utilization. This fee structure is for managing the liquidity and risk associated with leveraged trading.

• Execution Fees: Swych PDEX maintains minimal execution fees, set between 0.0025 as the minimum and maximum. These fees are essential for executing trades on the platform and are kept minimal to encourage trading activity.

The Concept of Real Yield

The real yield on Swych PDEX refers to the actual earnings users receive from the exchange, derived from the various trading fees collected. Unlike hypothetical or projected returns, real yield represents tangible income generated from platform activities. This yield is a crucial aspect of Swych PDEX’s business value proposition, as users not only engage in trading activities but also become beneficiaries of the platform’s success through real yield distribution.

Revenue Distribution

Swych PDEX implements a strategic fee revenue distribution system, ensuring operational sustainability while rewarding its community and investors. This approach reflects a commitment to balance operational needs with the benefits provided to platform users. Here’s an overview of how the fee revenue is allocated:

Allocation of Collected Fees

• Treasury: 5% of the fees are allocated to the protocol’s treasury. This is for the ongoing maintenance and development of the platform, ensuring its smooth operation and continuous improvement.
• Lottery: 10% of the collected fees are directed towards the lottery mechanism. This feature adds an element of excitement and additional earning potential for the platform’s users.
• Investors: Swych PDEX allocates 35% of the fees to its stakeholders. This distribution underlines the platform’s commitment to providing real yield and returns to those who invest in it.
• Liquidity: 50% of the fees are allocated back into the exchange itself. By reinvesting this portion into the platform’s liquidity, Swych PDEX ensures robust market health and ongoing liquidity provision. This is important for maintaining efficient market operations and enhancing the platform’s overall performance between trading pairs.

Focused on Balanced Growth

This distribution model is a cornerstone of Swych PDEX’s strategy to create a sustainable and thriving ecosystem. It balances the need to cover operational costs and invest in future development to provide tangible benefits to its community and stakeholders. Note that the percentage weights above may change and move more rewards towards stakeholders. As the platform continues to grow, this approach positions Swych PDEX as a forward-thinking player in DeFi, prioritizing both platform stability and user rewards.

Trading Incentive Program

Swych PDEX will soon introduce another initiative, designed to reward traders based on their trading volume. This volume-based promotion is a feature that incentivizes active trading on the platform, providing tangible rewards for traders who engage frequently in market activities. Here’s a closer look at how this program works:

Mechanics of the Volume-Based Promotion

• Incentive Structure: For every $25,000 in trading volume, the trader is rewarded with $10 in USDT. This reward system is designed to encourage higher trading activity, offering a direct monetary benefit to active users.
• Calculation of Trading Volume: The trading volume is determined by the formula: volume = collateral x leverage. This means the volume is calculated based on the amount of collateral a trader uses, multiplied by the leverage applied to their trades.

Example

Let’s consider an example to understand how this works in a practical scenario:

• Scenario: Ia trader decides to open a position in ETH. They use $1,000 of collateral and apply a leverage of 10x.
• Volume Calculation: In this case, the trading volume would be $1,000 (collateral) x 10 (leverage) = $10,000.
• Incentive Accrual: Since the trader has generated $10,000 in volume, they are partway to reaching the $25,000 threshold for the reward. Once their cumulative trading volume reaches $25,000, they would receive $10 in USDT. There is no cap as to how many times a user can qualify for the $10 reward.

This program is especially appealing to high-frequency traders or those who trade with significant volumes, as it offers an additional financial perk on top of potential trading profits. It’s an innovative approach that not only fosters increased trading activity on the platform but also adds an extra layer of reward for Swych PDEX users.

Extra Features

Swych PDEX is not just resting on its current offerings but is actively expanding its features to enhance user engagement and provide additional value. The introduction of NFTs and a focus on educational resources are steps in this direction.

Swych Academy and Educational Material

• How-to Guides: Additionally, Swych PDEX provides accessible how-to guides, available here. These guides offer step-by-step instructions on various platform features and trading methodologies, making it easier for users to navigate and utilize the platform effectively.
• Swych Academy: Aimed at beginners and experts alike, this is risk management 101 and it’s accessible here. The academy is specifically appealing for users to learn and study about trading at their own pace. It covers essential topics such as understanding candlestick charts, risk management, chart patterns, general trading information, and advanced trading techniques. This broad spectrum of content ensures that all users, regardless of their experience level, can find relevant and helpful information. It’s designed to empower traders with knowledge, enhancing their decision-making skills and trading acumen. 

NFT Integration: A New Way of Earning

Shortly, Swych PDEX plans to integrate NFTs into its ecosystem. These NFTs will not just be digital collectables but designed to offer practical utility within the platform.

The unique aspect of these NFTs is their ability to provide additional avenues for earning real yields. This feature will potentially open new earning opportunities for users, leveraging the popularity and innovative aspects of NFTs to enhance the overall trading experience on the platform.

This upcoming feature and all educational resources underscore Swych PDEX’s commitment to continuous improvement and user empowerment. The integration of NFTs and the focus on comprehensive education testify to the platform’s dedication to providing a holistic and enriched trading experience.

SWYCH Token: The Keystone of the Ecosystem

Swych has and will have a wide range of products like liquidity pools, the perpetual exchange we mentioned above, staking, and yield farming solutions, and all of these will be powered by the Swych token, $SWYCH. The token acts as the cornerstone, intertwining various elements, and unique functionalities in the ecosystem to provide a comprehensive experience for the user.

Utilities

• Liquidity Pools: Users will benefit from liquidity pools on Swych, where they can deposit funds and earn from the trading fees generated, receiving LP tokens as a stake in the pool.
• Phase Two: The next phase of the Swych Token will focus on enabling users to generate real yield without additional fees, through staking pools.
• Real Yield Staking: This feature will offer users the opportunity to earn real yield based on their staking positions.
• NFTs: An opportunity that will offer unique and utility-focused NFTs, for additional rewards and engagement opportunities within the ecosystem.
• Lottery, Launchpad, and More: An enhanced lottery system, an accessible, permissionless launchpad, and a focus on listing diverse tokens, ensuring the safety and interest of investors.
• Incubator Project and Gamification: Looking further ahead, Swych will introduce an incubator program to support new projects and integrate gamification elements into its ecosystem.

The above elements are the roadmap, which users can find in more detail in the gitbook. The SWYCH token ties together these diverse elements, providing a unified and streamlined DeFi experience for every user within Swych’s ecosystem. Its integration across different functions and features ensures that the ecosystem remains interconnected, offering users multiple ways to engage, invest, and earn rewards within the platform.

About Swych Finance

Swych PDEX presents a comprehensive and user-friendly platform for decentralized perpetual trading. With its intuitive easy-to-use interface, flexible trading options, and innovative features like the paper trading platform and real yield generation, Swych PDEX stands out as a versatile choice for both novice and experienced traders in DeFi. The integration of the SWYCH token further enhances the ecosystem, offering users a unified and rewarding trading experience.

Swytch invites users to explore the possibilities within Swych PDEX and join a growing community of savvy traders. Whether users are looking to dive into decentralized trading, participate in liquidity pools, or explore upcoming features like NFT integration, Swych PDEX offers a secure and dynamic platform to meet their trading needs.

Official Links

Main Website: https://swych.finance/

Swych PDEX: https://trade.swych.finance/#/trade

Documentation: https://docs.swych.finance/start-here/introduction

X: https://twitter.com/SwychFinance

Discord: https://discord.gg/swych

Contact

Swych Finance
Swych Finance
partner@swych.finance

Zug, Switzerland, December 22nd, 2023, Chainwire

Secured Finance aims to surpass the conventional constraints of traditional DeFi lending models, introducing a fresh perspective to the bond market. Through the adoption of an order book-based system, the team has focused its attention on improving overall market transparency and efficiency.

The platform aims to enable the seamless integration of institutional and retail users into the DeFi ecosystem, ensuring secure and simple crypto lending, borrowing, and derivatives. Secured Finance wants to set itself apart in the fast-paced world of DeFi through features such as streamlined lending, transparent pricing, and counterparty risk reduction.

What does Secured Finance offer?

The platform goes beyond mere trading, as Secured Finance concentrates on conducting all processes, from bond issuance to settlement, on the blockchain which helps them establish a comprehensive ecosystem. According to Secured Finance Founder and CEO, Masa Kikuchi, “By using blockchain technology, the system improves overall transparency and security and helps the platform achieve immediate and low-cost settlements while also providing investors with stable returns.”

Perhaps most importantly, however, Secured Finance is making history by being the first to open a cryptocurrency-denominated bond market. This is a first in both DeFi and TradFi, as presently nobody can trade BTC and ETH bonds elsewhere as public-chain-based bond settlement systems don’t exist yet.

The platform also introduces standardized OTC products with on-chain order book-based price discovery, ensuring fair interest rates with minimal gas costs. Establishing a reliable yield curve through user-driven order book systems for efficient collateral management and hedging is also feasible, as is bridging DeFi technologies with interbank standards to create a transparent and open financial infrastructure.

Furthermore, Secured Finance aims to provide a genuine and transparent yield curve for informed decision-making and risk management. The platform also enhances composability and scalability by enabling the interpolation of interest rates and leveraging derivatives through a unified yield curve. Finally, Secured Finance’s standard supports zero-coupon bond issuance and trading, facilitating fixed-rate loans and efficient hedging opportunities.

What about future goals?

Looking ahead, Secured Finance aspires to transcend being merely a platform, as the aim is to set a new benchmark in the financial realm. This benchmark embodies principles of transparency, efficiency, and accessibility, which means that Secured Finance’s objective is to foster greater inclusivity in financial services and dismantle barriers entrenched in traditional markets.

The order book system transforms decision-making, enabling informed investments. Secured Finance’s roadmap focuses on growth, expansion, and innovative product development post-mainnet launch, solidifying its leadership in financial innovation. The mainnet launch, scheduled on December 15th, 2023, marks a significant milestone for Secured Finance, and it will be supported by successful fundraising efforts, enhancing the platform’s trust and market position.

Ultimately, this innovative journey is synonymous with innovation, transformation, and leadership in finance. Secured Finance does not want to simply participate in the financial market narrative, as instead, the focus is on writing the next chapter of it while being at the forefront.

About Secured Finance

Secured Finance is revolutionizing financial markets, bridging traditional and crypto markets with transparent, efficient solutions. Its innovative order book system addresses Ethereum challenges, enhancing on-chain management. Essentially, Secured Finance envisions a mature cryptocurrency market, with a fully on-chain advantage providing a competitive edge. The order book system extends benefits to P2P transactions, offering stability and expanded market potential.

In the bond market, Secured Finance’s yield curve aids in anticipating trends, contributing to diversified investment strategies and improved risk management. The platform enables fixed interest rates by tackling ETH gas costs, enhancing liquidity, and offering flexibility in OTC derivatives. The Ethereum choice balances liquidity and innovation. 

With Secured Finance, transparency is key, with on-chain systems ensuring fair interest rate determination. A lengthy and thorough Q&A session highlighted several operational aspects of the platform, all of which emphasized transparency, innovation, and risk management. As previously mentioned, the platform is also the first project to enable crypto bond trading in the history of finance.

Put simply, this journey is about spearheading market evolution. Similar to how Bitcoin (BTC) redefined the concept of money, Secured Finance aims to reshape the perception of the bond market as well as the broader financial landscape via stability, efficiency, and transparency, ushering in a new era of financial possibilities.

For more information, visit Secured Finance’s official website along with the GitHub, X, YouTube, Discord, Guild, and Galxe channels. For email-related inquiries, feel free to use contact@secured-finance.com.

Contact

Secured Finance Contact
contact@secured-finance.com

London, United Kingdom, December 20th, 2023, Chainwire

In the ever-evolving cryptocurrency market, a newcomer named Pandoshi is quickly becoming known for its unique methods and rapid success in previous fund raising rounds.

Gaining fast recognition within the cryptocurrency community, Pandoshi has already attracted significant investment, demonstrating the confidence that the community has in its future. This venture is notable for its distinctive features and its ambitious goal to revolutionize the decentralized finance (DeFi) space.

Presently, Pandoshi is progressing through the third stage of its presale and is gearing up to enter the fourth stage. The next stage will bring an increase in the token’s price, marking a crucial milestone for both the project and its investors.

At first sight, Pandoshi might be misconceived as a meme coin, but it’s far from it. In fact, it represents a fully autonomous and decentralized ecosystem. The whitepaper of the project exhibits a high degree of professionalism and technical expertise. Fundamentally, the project is committed to principles of decentralization, financial privacy, and empowering the community to have influence over the project’s direction.

Pandoshi distinguishes itself with a diverse ecosystem and a strong focus on decentralization, privacy in finance, and governance driven by its community. Here are the key aspects that make it unique:

• Layer-2 Network: A Layer-2 network that utilizes a Proof of Stake protocol, offering a more environmentally friendly solution compared to the traditional Proof of Work method.
• Decentralized Exchange and Wallet: Through its decentralized exchange and non-custodial wallet, Pandoshi ensures security and autonomy for users.
• Transparency and Commitment: Pandoshi’s commitment to transparency, its well-defined roadmap, and ongoing development work have built trust among prospective investors.
• Metaverse Integration: By incorporating metaverse games, Pandoshi steps into the world of virtual reality and crypto games.
• Cryptocurrency Prepaid Cards: These cards will function seamlessly without requiring Know Your Customer (KYC) protocols.

At the heart of Pandoshi’s ecosystem lies PAMBO, its native token. Initially released on the Ethereum blockchain, PAMBO is a deflationary token designed to increase in value through scarcity. It also incorporates a buy-and-burn mechanism which is often a feature sought out by potential holders.

The path ahead for Pandoshi is just beginning. With its diverse approach and innovative features, the project is set to create substantial ripples in the industry. Its future plans include expanding its presence on social media and enriching its ecosystem further.

Pandoshi revealed an exciting development on their Twitter feed: Pandoshi is ahead of their planned timeline and is preparing for the beta launch of the Pandoshi Wallet. This significant event is taking place amidst their ongoing presale phase, signifying a major achievement for the project and potentially driving more investors to participate in their public presale.

The soon-to-be-released beta version of the wallet will initially be compatible with all Ethereum Virtual Machine (EVM) chains. Plans are in motion to widen its capabilities to support non-EVM chains in upcoming updates. The wallet application, designed for user convenience, will be accessible on both Android and iOS devices, offering extensive reach.

Despite challenging competition, Pandoshi’s dedication to practical, user-focused blockchain solutions positions it as a potential game-changer in the crypto sector.

About Pandoshi

Pandoshi represents a blockchain project inspired by Satoshi Nakamoto’s vision, dedicated to decentralization, privacy, and financial freedom. Operating as a community-driven initiative, this endeavor places power firmly in the hands of its community members.

The mission of Pandoshi is to establish a robust ecosystem of decentralized products, which includes the Network, DEX, Wallet, and other essential components vital to the DeFi landscape. Pandoshi also explores innovative domains such as decentralized Metaverses and educational platforms to enrich the DeFi experience.

Passionate community support underscores the core values of financial privacy and autonomy upheld by Pandoshi. The project ensures that users’ needs and interests are paramount in every product created, delivering economic benefits directly to users without intermediary involvement.

Pandoshi stands as a testament to decentralized finance, privacy, and user empowerment, rather than a fleeting meme coin or an experimental project. The commitment to these principles fuels relentless efforts and underscores the project’s significance.

Website: https://pandoshi.com/

Whitepaper: https://docs.pandoshi.com/ 

Disclaimer:

Pandoshi is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Andrew Fitzer
pixelpulseads@gmail.com