Polyient Games innovative dual-state token sale kicks off tomorrow

The Polyient Games Founders Key, or PGFK, token sale begins Sep. 15, with a strictly limited 12,000 of the tokens up for grabs. This follows an August pre-sale during which the company sold an initial 500 tokens. Each PGFK will be a non-fungible token, or NFT, with a twist. Using a smart contract called the “Particle Bridge”, holders can convert the PGFK into 1,000 fungible particles (XPGP). These particles will be the utility token for the Polyient ecosystem. The corresponding PGFK is burnt forever, although a new one can be…

The evolution of DeFi and its unique token distribution mechanics

As in most technical domains, evolution in the crypto industry moves in waves. The first wave was the building of layer-one blockchain solutions and infrastructures like Bitcoin (BTC) and Ether (ETH). The second wave was the ICO boom. As this draws to an end, there have been multiple speculations on what the next wave in crypto will be.  Some predicted that security token offerings and initial exchange offerings would be the next big thing, but this did not come to pass. Others believe in layer-two scaling solutions like Plasma and…

Yearn Finance shuns governance token with new stablecoin lending protocol

Popular decentralized finance (DeFi) platform Yearn Finance has announced a new lending protocol dubbed StableCredit. StableCredit combines tokenized debt stablecoins, lending, and single-sided automated market makers to offer what it describes as “a completely decentralized lending protocol” reminiscent of MakerDAO (MKR). Introducing StableCredit, a new protocol for decentralized lending, stablecoins, and AMMs. https://t.co/Cuoo2OMi5H — yearn.finance (@iearnfinance) September 10, 2020 Users can deposit USD Coin (USDC) to mint StableCredit USD at a ratio of up to 75%, which can then be then exchanged for other crypto assets. To release the locked…

Binance crypto exchange delists its own token on Uganda platform

The world’s largest exchange, Binance, is delisting its own token for trading against the Uganda shilling (UGX). According to a Sept. 9 announcement, the Binance Uganda platform decided to delist and cease trading on all trading pairs for Binance’s native token, Binance Coin (BNB). The BNB/UGX trading pair will be officially removed from Binance on Sept. 17, while BNB deposits will be terminated on Sept. 10, the exchange said. BNB withdrawals will be still available on Binance Uganda till Nov. 6, Binance noted. Binance provided little information about the reasons…

NFT market’s RARI token sees 100% gain after CoinFund investment

New York-based crypto investment firm CoinFund has made an undisclosed investment into the digital art-focused non-fungible token (NFT) marketplace, Rarible. According to a September 8 announcement from Rarible, funds from the pre-seed round will be used to develop a “community-governed” NFT marketplace. The Rarible platform launched earlier this year and began issuing its RARI governance token this week — with RARI doubling in price since trade commenced on Uniswap 24 hours ago. Rarible predicts that the NFT sector will see a 50% growth in capitalization to tag a $315 million…

Andrew Yang would love this new token project, but can it succeed?

Universal Basic Income is a hypothesized way to stimulate the world economy by providing citizens with a monthly stipend to cover their basic needs. The concept, which gained traction in 2019 thanks in part to the campaign platform of former Presidential candidate, Andrew Yang, has now made its way to the crypto sphere. Multi-asset trading platform eToro recently announced the official launch of GoodDollar — a non-profit initiative that plans to leverage decentralized finance as a means to offer a “digital basic income” to its users. Speaking with Cointelegraph, Yoni…

F1 Delta Time’s REVV token to launch on Uniswap this week

Blockchain gaming firm Animoca Brands will launch its new REVV token on the popular decentralized exchange Uniswap. REVV will begin trading for Ethereum (ETH) on Uniswap from September 4 at 12 pm UTC. The token’s initial price will be $0.00666. The REVV token functions as a utility token on Animoca’s crypto-powered motorsports games, including F1 Delta Time and two new forthcoming releases. Animoca’s first upcoming title is a Grand Prix motorcycle racing, or MotoGP, game that will see more details released during Q4 2020. Another title “based on a global…

Bermuda hopes to jumpstart their economy with new ‘stimulus token’

The Government of Bermuda has announced their partnership with stablecoin platform, Stablehouse. Together they hope to roll out a pilot program for a digital “stimulus” token, targeting both residents and merchants within the islands. According to The Royal Gazette, the idea of launching such a program was accelerated by the COVID-19 pandemic. As part of the program, the government plans to enable the purchase of food and other products from retailers to strengthen its now-necessary array of contactless payment solutions. The Bermuda government will also distribute payments to those who…

The Robonomics token is trading for $95,000 each on Uniswap

The highly-anticipated launch of Polkadot’s (DOT) mainnet has seen many smaller crypto assets associated with the project explode recently. Both tokens of the distributed ledger technology (DLT)-powered robotics and Internet-of-Things (IoT) project Robonomics have been among those to surge alongside Polkadot, with the price of its utility token XRT increasing 10 times earlier this month. However, Robonomics’ “lifetime subscription token,” Robonomics Web Services (RWS), has also posted massive gains — becoming the first crypto token to trade for more than $100,000 when it tagged $116,000 in recent weeks. RWS’s extreme…

Ethereum whale’s uniswap token briefly hit $100K — but there’s a catch

On Aug. 25, the creator of the well-known Uniswap tokens Antiample (XAMP) and Tokens of Babel (TOB) launched Boa. The Ether whale’s projects have seen growing interest within the niche Uniswap market. A common theme among the projects of the pseudonymous developer Bill Drummond is unique supply systems. Through unorthodox mechanisms, like rebasing, the supply of XAMP and TOB decreases through coin burns over time. TOB, as an example, is a token that uses rebases to decrease its supply but ensures the holder has a certain percentage of the total…