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The BiShares BiGame Fund has launched. The new fund will allow users to invest in the GameFi ecosystem without managing any curated Play-to-Earn Non-fungible tokens (NFT) individually.
BiShares brings Decentralized Exchange Traded funds (dETF) on Binance Smart Chain (BSC), and the latest dETF comprises projects in the GameFi ecosystem. The dETFs protocol published the news on Twitter moments after launch, listing the numerous tokens that make up the dETF product.
“BiGame is LIVE! Congratulations to the underlying tokens making the fund! $AXS $SKILL $CYT $MOBOX $REVV $SFUND $POTS,” Bishares tweeted on 15th September.
BiShares has been making worthwhile progress in its stated roadmap and this is another progressive step. The BiShares platform offers a basket of tokens in different market sectors such as the NFT sector, Decentralized Exchange (DEX) sector, chain sector, etc. With this in mind, the BiGame Fund offers users exposure to multiple tokens in the Play-to-earn NFT GameFi ecosystem.
BiShares BiGame Fund, through its intuitive dETF feature, offers a pathway into getting exposure to the GameFi ecosystem without taking too much risk. Users can now visit the BiShares webpage to access the new fund and invest without monitoring NFT GameFi protocols individually.
As we stated earlier, the BiGame fund is a curated selection of tokens on the GameFi market sector with different weighting percentages, including the native $BISON. Every asset in the GameFi dETF will be minted as one token using the weighting percentages.
Popular DEX on BSC, ApeSwap, tweeted on 15th September, listing the different NFT GameFi tokens and their respective weighting percentages. They include:
Axie Infinity has the highest weighting percentage of 20%, CryptoBlades comes second with an 18% weighting percentage, Dragonary — 14%, Seedify, REVV, MOBOX and Moonpot have a weighting percentage of 11%. Lastly, the BiShares token has a weighting percentage of 4%.
BiShares funds are available to anyone, and each token holds all the underlying assets of an ecosystem, offering a unique investment strategy on BSC. The GameFi dETF is just one of the numerous dETF products that will be created in the future. Till then, users can enjoy the benefit of managing all NFT GameFi projects all in one place through the BiShares BiGame Fund.
BiShares is a platform built on BSC, offering decentralized Exchange Traded Funds (dETFS). The goal of the project is to be a safe haven for diversification with different risk exposure funds suitable to different profiles or market sectors.
BiShares is created for seasoned and new crypto traders to invest in different market sectors and ecosystems without managing numerous tokens individually.
Complete metaverse of digital monsters on Binance Smart Chain (BSC), Binamon is set to launch a mammoth Non-fungible token (NFT) auction on the BakerySwap marketplace.
The auction would give users the chance to own one of the most potent Binamons on the NFT GameFi protocol. Binamons, the native NFTs of Binamon’s Play-to-Earn protocol, will be auctioned through BakerySwap on October 21st at 8:00 AM UTC. BakerySwap broke the news on Twitter while endorsing Binamon’s new look.
“Seems that we are going to achieve a new #NFT transaction record… October 21st 8:00 AM UTC. PS: Your new logo @binamok looks dope!” BakerySwap wrote on October 18th.
As seen in Binamon’s embedded image on Twitter, the NFT auction would be worth $37 Million. We anticipate the monster auction by Binamon in conjunction with BakerySwap shortly.
Binamon is preparing to upgrade its game in the coming weeks. The protocol’s Chief Technology Officer (CTO), Leo, teased the new product on Twitter on October 19th. Binamon, on the other hand, reposted the CTO’s Tweet on their official Twitter page, calling Bsc News and some other notable platforms to comment on the new upgrade.
“Binamon Arena UI teaser posted by our CTO, @leobinamon,” Binamon wrote. “What do you think @Cointelegraph @news_of_bsc @kucoimcom @T2LATAM? This is very exciting few weeks for Binamo!”
The tweet shows that the Binamon Arena game will be one of a kind. Therefore, Binamon users should prepare themselves for an exciting experience on the NFT GameFi protocol. Till then, we await the NFT auction on BakerySwap.
Binamon is an NFT-based, blockchain-driven online gaming platform. It is a complete gaming metaverse of digital monsters where players battle and defeat monsters to earn BMON tokens. In addition, gamers also stake their Binamons (Genesis NFTs) and earn passive income through staking.
Where to Find Binamon:
Binance carried out its 17th $BNB burn, a whopping $640 million in value in its quarterly token burn. In comparison, the previous token burn only amounted to $390 million in value then.
The transaction ID (TXID) for the BNB burn can be found here. The recent burn has decreased the total supply from 168,137,036 BNBs to 1466,801,148 BNBs. This burn mechanism will continue every quarter until 50% of the total $BNB supply is removed from circulation.
The burning mechanism works by using profits generated by the platform to buy back BNB tokens from the market and taken of circulation to reduce the total supply.
The burn mechanics also includes users’ lost tokens in accepted cases and counted as BNB’s quarterly token burn. This program was introduced last year in BNB Pioneer Burn Program to help eligible users recover losses made while trying out the Binance Smart Chain. 17,839 BNB tokens were burned from the BNB Pioneer Burn Program this round.
Binance reports that it continues to grow and has improved its category position in the market from 69.6% in June to 69.7% in July and 70.3% in August based on the research from The Block. There is a caveat placed on the statistics because the figure is only based on a small number of exchanges that the researcher deemed as ‘legitimate’.
According to our own research, which includes a much more comprehensive dataset - hence lowering our category position estimate - our “true” position is lower: somewhere about 50%. However, the relative proportions of the big exchanges are the same. - Binance believes its category position is much lower and believes that the industry’s growth should be the main focus.
Changpeng Zhao (CZ), the Chief Executive Officer (CEO) of Binance in the same announcement gave insights into Binance’s positioning and point of view on regulation. He listed 3 reasons as to why Binance welcomes regulation.
CZ believes that mass adoption requires regulation. 95% of the rest of the population, which he calls the ‘mass audience’ can only be bridged by having regulatory frameworks and licenses. The crypto industry is now entering this phase. Secondly, being the category leader stands in a good position to lead and influence regulation. Finally, regulation will weed out unethical and questionable practices thus promoting a healthy and robust industry.
The burning mechanism is fast becoming an integral part of tokenomics. Having fewer tokens in circulation can be achieved by minting lesser tokens rather than resorting to a burning mechanism. However, the perception of the community is important.
The community would likely view the presence of a deflationary mechanism and a gradual decrease in circulating supply as a more attractive feature to drive value. The scheduled burn also serves as a periodical reminder that the platform is profitable and the efforts taken to reduce the total supply regardless of the value of the tokens.
The dETF project on Binance Smart Chain has added the Play-to-Earn NFT GameFi sector to its growing list of products.
The BiShares BiGame Fund has launched. The new fund will allow users to invest in the GameFi ecosystem without managing any curated Play-to-Earn Non-fungible tokens (NFT) individually.
BiShares brings Decentralized Exchange Traded funds (dETF) on Binance Smart Chain (BSC), and the latest dETF comprises projects in the GameFi ecosystem. The dETFs protocol published the news on Twitter moments after launch, listing the numerous tokens that make up the dETF product.
“BiGame is LIVE! Congratulations to the underlying tokens making the fund! $AXS $SKILL $CYT $MOBOX $REVV $SFUND $POTS,” Bishares tweeted on 15th September.
BiShares has been making worthwhile progress in its stated roadmap and this is another progressive step. The BiShares platform offers a basket of tokens in different market sectors such as the NFT sector, Decentralized Exchange (DEX) sector, chain sector, etc. With this in mind, the BiGame Fund offers users exposure to multiple tokens in the Play-to-earn NFT GameFi ecosystem.
BiShares BiGame Fund, through its intuitive dETF feature, offers a pathway into getting exposure to the GameFi ecosystem without taking too much risk. Users can now visit the BiShares webpage to access the new fund and invest without monitoring NFT GameFi protocols individually.
As we stated earlier, the BiGame fund is a curated selection of tokens on the GameFi market sector with different weighting percentages, including the native $BISON. Every asset in the GameFi dETF will be minted as one token using the weighting percentages.
Popular DEX on BSC, ApeSwap, tweeted on 15th September, listing the different NFT GameFi tokens and their respective weighting percentages. They include:
Axie Infinity has the highest weighting percentage of 20%, CryptoBlades comes second with an 18% weighting percentage, Dragonary — 14%, Seedify, REVV, MOBOX and Moonpot have a weighting percentage of 11%. Lastly, the BiShares token has a weighting percentage of 4%.
BiShares funds are available to anyone, and each token holds all the underlying assets of an ecosystem, offering a unique investment strategy on BSC. The GameFi dETF is just one of the numerous dETF products that will be created in the future. Till then, users can enjoy the benefit of managing all NFT GameFi projects all in one place through the BiShares BiGame Fund.
BiShares is a platform built on BSC, offering decentralized Exchange Traded Funds (dETFS). The goal of the project is to be a safe haven for diversification with different risk exposure funds suitable to different profiles or market sectors.
BiShares is created for seasoned and new crypto traders to invest in different market sectors and ecosystems without managing numerous tokens individually.
