$GRAIN Sale Launches on Six Chains

Cross-chain lending protocol Granary Finance has launched its native token, $GRAIN, through a fair-launch Liquidity Generation Event (LGE)

The $GRAIN LGE started on March 14 and would last for approximately two weeks from launch. The LGE began on Ethereum, Fantom, Optimism, Metis, Polygon, Binance, and Arbitrum.

Each network will have its own LGE contract that supports different tokens for contributions. These networks will receive 70 per cent of the $GRAIN incentive supply based on the amount of contributions made by contributors. 

It will be possible for users to choose from a variety of assets to deposit. However, it has been reported that users who use assets other than USDC will experience slippage.

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$GRAIN Vesting

The LGE will distribute 12.5% of the $GRAIN supply based on user contributions proportionate to their contribution size and vesting terms. Those who choose to vest will receive their $GRAIN on a linear basis, distributed evenly every quarter for the duration of their vesting period.

When participating, users can choose a vesting period between 1 quarter and 20 quarters. There will be a larger discount for vesting periods that are longer. 

Users also have the option to enable an NFT discount by selecting an NFT from the gallery to receive a discount ranging from 2 - 7%. Further, the protocol will support staking with a Balancer Pool Token (BPT), which will feature 80% of $GRAIN and 20% of local gas.

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Future Developments

Upon completion of the $GRAIN LGE, airdrop allocations will be determined by snap-shots taken over a 12-month period (03/20/2022 - 10/30/2022), weighted by age, length, and size of contributions.

In addition, $GRAIN will be put into liquidity pools on Balancer, Beethoven-X, Uniswap V3, and other decentralized exchanges based on the amount of $GRAIN allocated to the network. 

While Granary V2 is being developed, Granary Finance will continue to focus on key markets and co-incentivizing partners, with tokens being distributed sustainably proportional to fees.

As per protocol, once Granary V2 launches, Granary Finance will scale up incentivization strategies, with a portion of the rewards going to staking pools.

The Granary core contributors will own 11.1% of tokens vested for four years, with 4% reserved for hiring new talent. As of press time, Granary Finance has raised 407,352 USDC. You can learn more about Granary Finance here. 

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What is Granary Finance:

Granary Finance is an AAVE-inspired decentralised, user-driven borrowing and lending liquidity market. The Granary team has created the first-ever multi-chain LGE to seed liquidity across chains on which Granary will operate. The team has also completed the development of Granary V2 and is currently testing and securing its systems.

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Learn more about Granary Finance:

Website | Twitter | Discord

Immutable zkEVM

Polygon Labs and Immutable announced that they are partnering to create a zero-knowledge rollup dedicated to gaming.

Developers can now access early documentation to begin integration with the new Immutable zkEVM, according to an announcement from Polygon.

The announcement comes just days before the scheduled March 27 launch of the Polygon zkEVM mainnet.

“Partnering with Immutable is a monumental step forward in our mission to empower developers and enable users to truly own their in-game assets,” Polygon Labs President Ryan Wyatt said. “By leveraging Immutable's top world-class gaming platform, game development becomes seamless, allowing for the creation of rich and unique gaming experiences.”

The Immutable gaming platform already has the zk-rollup Immutable X, based on StarkWare technology. Immutable zkEVM will be the first Ethereum Virtual Machine (EVM)-compatible zk-rollup for games that has enforceable royalty fees for game developers, according to an Immutable blog post.

According to the post, $IMX will be the gas token for the new network, and 20% of fees on any Immutable rollup must be paid in $IMX.

In 2022, games built on Immutable and Polygon received nearly $2 billion in investor funding, according to the post.

“By combining the #1 web3 gaming platform – currently serving hundreds of game studios and millions of players – with Polygon’s best-in-class zkEVM technology, we are building an Ethereum-centric gaming ecosystem that is poised to take Web3 mainstream and bring digital ownership to millions of people around the world,” Immutable President and Co-Founder Robbie Ferguson said. “Billions of dollars of skins are sold each year with no rights for players - we’re changing that so players are in control, and ownership is the expectation”

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What is Polygon:

Polygon is a “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.

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For more about Polygon:

Website | Twitter | GitHub | Reddit | YouTube

Ignore Fud is a novel meme token on the Core chain that supports decentralized finance and blockchain innovations. Its objective is to facilitate the onboarding of more cryptocurrency users into Core DAO and the wider crypto industry. Ignore Fud boasts a community-centric meme ecosystem and a distinctive hold-to-earn feature, which enables investors to earn rewards by holding its native token “4 Token”. Additionally, investors gain exposure to a vast and robust user community from across the globe.

The 4 Token

The official token of the Ignore Fud project is “4”. The token, slated to launch via partner DEX, ArcherSwap, on March 24 will be a community-focused Meme token that forms part of the expanding Core DAO ecosystem. 4 TOKEN allows users to Hold-to-Earn $USDT stablecoin. 

Token Details and Tokenomics

Name: Ignore Fud 

Symbol: 4TOKEN 

Decimals: 18 

Blockchain: Core DAO

Max and Total Supply: 40 billion

Token Allocation

50% (20,000,000,000 4 TOKEN): Public Launch

40% (16,000,000,000 4 TOKEN: Reserved

6% (2,400,000,000 4 TOKEN): Ecosystem Fund for operational expenses and growth

4% (1,600,000,000 4 TOKEN):  Airdrop + Marketing

The snapshot for the airdrop has been scheduled for March 20, followed by the airdrop distribution on March 24. 

For the airdrop, 160 million 4 token each will be distributed across 10 rounds which includes Community Members, Media Partners and Influencers, Core DAO Community, and more. Find more details regarding the 4 token airdrop distribution in the whitepaper. 

Tax Information

There are no “Buy” or “Transfer” taxes on 4 Token. However, there is an 8% Sell Tax on DEXes, of which 3% is converted to USDT and distributed as reflections to holders who have 400,000 or more 4 tokens. This allows 4 token holders to earn passive income.

2% will be automatically added to the liquidity pool, ensuring that the price stability is sustained. 2% of the Sell Tax will be burned, keeping the token price deflationary from the onset, while the remaining 1% will be converted to $CORE and allocated for operational expenses and growth fund to expand token utility. 

4 Token Use Cases

4 Token will begin as a meme token, but there are plans to create various use cases for it in the future. Some of the proposed use cases include:

• Blockchain Validator/Staking Node like CORE Staking Node, ADA Staking Node, BNB Staking Node, Cosmos Staking Node, New Blockchains with Staking Node, and even other potential Tokens that earn staking rewards.
• NFT Marketplace with 4,000 Ignore Fud NFT Collections.
• Compounding Crypto Asset "Vaults"
• Decentralized Exchange (DEX)
• Community Suggestions 

Deflationary & Burning Mechanism

The deflationary and burning mechanism of the 4 Token involves three components. Firstly, 2% of tokens are burnt from the Sell Tax. Secondly, Ignore Fud plans to introduce Utility and Blockchain validator nodes, and other tokens that earn staking rewards. A percentage of monthly revenue will be utilized to buyback and burn 4 Token. Lastly, there will be Ignore Fud 4,000 NFT collections, and all the money generated from selling NFTs will be used to buyback and burn 4 Tokens.

This deflationary and burning mechanism is designed to reduce the circulating supply of Tokens over time and create a scarcity effect that may lead to an increase in the Token's value. 

Token Burn will continue as Ignore Fud earns revenue and continues to grow. This approach aims to create a sustainable Token Economy that is based on actual usage and value.

Security Audit

Ignore Fud announced that it has passed KYC with Core DAO, with details on the smart contract audit still in process. 

Ignore Fud’s Hold-to-Earn mechanism allows users to earn passive income by holding 4 Token, and the deflationary and burning mechanism is designed to reduce the circulating supply of Tokens over time, creating a scarcity effect that may lead to an increase in the token value. 

With plans to introduce various use cases in the future and a commitment to a sustainable token economy based on actual usage and value, Ignore Fud has the potential to become an exciting addition to the cryptocurrency industry. 

To Learn more about Ignore Fud, visit the following links:

Website | Twitter |  Discord | Telegram | WhitePaper

This is a paid press release, BSC News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page.

This article is part of a marketing package paid by Ignore Fud at the cost of 400,000,000 4Token. These have an estimated public launch value of $4,200, with a vested period of 10 Months.

BSC News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Zero Fees, Gas Rebate

The battle between decentralized NFT marketplaces Blur and OpenSea has grabbed news headlines; meanwhile, Binance NFT is keeping up the financial pressure by launching another zero-fee promotion for Non-Fungible Tokens (NFTs) on Ethereum and Polygon.

According to an announcement, the two-part promotion offers zero trading fees to users who trade NFTs from all Ethereum and Polygon collections available on the Binance NFT Marketplace – and also gives 100% gas fee rebates to users who purchase their first three NFTs from any Ethereum collection on Binance NFT.

The promotion runs through April 10.

“The gas fee rebates will come in the form of a USDT token voucher, which will be distributed to eligible users within three weeks after the promotion ends,” according to Binance.

Polygon collections eligible for the zero trading fees include:

• Trump Digital Trading Cards
• Polygon Ape YC
• CyberKongz VX
• Win Trump Prizes
• Decentral Games ICE Poker All Access Wearables
• Voxies
• Crypto Unicorns Market
• The Smurfs’ Society | Access Crystals
• Crypto Unicorns Land Market
• Midnight Society Founders Access Pass
• The Playboy Party People
• Care Bears Avatars
• Rabbids Lunar New Year Avatars
• MadBalls
• Hell's Kitchen Avatars

Binance NFT began supporting Polygon collections earlier in March. 

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What is Binance NFT?

Binance NFT is the exchange’s NFT arm that consists of a marketplace, a platform for initial game offering (IGO), and mystery NFT boxes in the BNB Chain, Ethereum and Polygon ecosystems.

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Find more about Binance NFT here:

‍Website | Twitter | Blog | Instagram | Telegram | 

Web3Go Daily Data: BNB Chain

What is Web3Go:

Web3Go is an open data platform that focuses on the formatting, visualization, sharing, and collaborative analysis of the on-chain data generated in the Polkadot and BNB Chain ecosystems.

Where to find Web3Go:

Website | Twitter | Telegram | Medium |