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How Toon Finance Aims to Sustain DeFi in an Industry Dominated by Hype
November 15, 2022
MINS
An overview of what Toon Finance brings to the table.
Introducing Toon Finance
Toon Finance Protocol is fully dedicated to maintaining crypto's decentralized nature while simultaneously introducing new cryptocurrency users into the proper channels first instead of directing them onto a platform they are unfamiliar with or have little to no knowledge about.
Toon Finance is also interested in expanding on the P2E metaverse concept and have additionally been vetted by both CoinMarketCap (CMC) and Crypto.com.
The Emergence of ‘Hype Coins’ DOGE and SHIB
Dogecoin (DOGE) is perhaps best known for being Tesla CEO Elon Musk’s favorite cryptocurrency. Musk has often tweeted about DOGE, with his tweets previously having a significant impact not just on DOGE’s price but also on the wider market itself. Similarly, another canine-themed crypto named Shiba Inu (SHIB) gained a massive amount of followers and attention as it looked to become the ‘DOGE Killer’.
The important thing here is that both DOGE and SHIB represent the ‘Wild West’ side of DeFi, wherein a sizable number of investors are only in this industry to quickly get rich without actually doing any research or due diligence. Unsurprisingly, this often resulted in significant losses for these investors.
The Importance of Decentralized Exchanges
Unlike centralized exchanges, which are normally managed through a third party, decentralized exchanges strive to be fully autonomous and void of any intermediaries. PancakeSwap and Uniswap are among the most popular DEXs and for good reason, as these provide comparatively better options pertaining to staking and trading. However, as these are decentralized, there is usually little chance of recovering lost funds should an investor fall victim to fraudulent activities.
What Makes Toon Finance Special?
The 'Toon Space' is where everyone respects one another while also working together to improve the onboarding process. Toon Community members are thus able to seamlessly and effectively communicate with each other and stay up to date on all Toon Finance news.
Moreover, as the platform seeks to offer a wide range of innovative and useful features and services, the Toon Team hopes that everyone will have a memorable as well as profitable experience. Toon Community members are also encouraged to stay tuned for what the team has in store, and to regularly check out all socials for the latest updates. Future goals include listing the native token, TFT, on CoinGecko, focusing on video production, providing the billboard map layout, and much more which can be found on the official roadmap.
Is Toon Finance Safe?
Toon Finance is currently being audited by Dessert Finance. As the platform realizes the importance of implementing reliable security measures, many believe that Toon Finance Protocol is here to stay, and it will keep contributing to the growing decentralized finance (DeFi) community. The team firmly believes in transparency and decentralization to allow users to freely express themselves in a socially acceptable manner.
The team also understands that in a decentralized environment, transparency is critical to users' ability to trust the platform they use to transfer, manage, and facilitate their transactions in an orderly and timely manner. Although Toon Finance developers and team members remain anonymous, they nevertheless strive to ensure the highest quality of service and the best platform features that any decentralized exchange (DEX) can offer, such as PancakeSwap or Uniswap.
About Toon Finance
Toon Finance Protocol is a decentralized exchange application platform created by a group of market leaders and blockchain developers with the goal of addressing the externality which envelops the industry (particularly the P2E gaming demand) by ensuring a Play-to-Earn metaverse protected by SHA256 encryption. The platform also provides trading capabilities linked to NFTs, cryptocurrencies, and additionally connects blockchains all in one, convenient location.
Toon Finance was founded and funded by an angel investor, and despite the fact that it is still in its early stages of development, the aforementioned placements on both CMC and Crypto.com showcase the platform's potential as many more exciting features are on the way. In fact, Toon Finance is the fastest growing community on CoinMarketCap despite only being live for a month.
The team has also spent years analyzing the decentralized community and developing solutions to platforms that aren't meeting the community's expectations. These include but aren’t limited to ‘hype’ coins like DOGE, SHIB, SAFEMOON, and many more. Whereas those projects certainly attracted a lot of attention, Toon Finance aims to add long-term value to investors’ portfolios rather than just basing everything on hype and speculation.
Essentially, Toon Finance aims to be more than just a team or another by the numbers project. The platform wants to provide real value to DeFi users and enthusiasts while constantly evolving with the market. The team will also regularly utilize the most cutting-edge technologies to consistently offer innovative services and features. Toon Finance has some exciting updates on the way, including how users can join the Space Battle Grounds or go on an Advance with their friends in the P2E lobby.
For more information, check out the official website and the Medium and Twitter channels.
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Pi Chain Mall Crosses 4.5 Million in Total Transactions
March 30, 2023
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The innovative Pi Withdrawal function has contributed to its increased awareness in the industry.
Huge Interest on Pi Network
Pi Chain Mall's (PCM) Pi withdrawal function has been a game-changing innovation in the Pi ecosystem. The e-commerce platform now boasts over 4.5 million Pi transactions by Pioneers.
The top Pi Network platform shared details about the notable milestone on Twitter, urging Pioneers to join its growing platform and trade products easily.
Most recently, BSC News reported the product's massive adoption after recording over 360K withdrawals since the relaunch. The innovation, which allows traders to withdraw real Pi coins, has contributed to the protocol's increased adoption in the Decentralized Finance (DeFi) space.
Pioneers can explore the protocol's unique ecosystem by visiting pipcm.com on the Pi Browser application.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
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Thales Launches Free-to-Play Game Miletus with NFTs and Virtual Fishing Competition
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March 30, 2023
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In order to kick off the new game, Thales has organized a virtual fishing competition from March 27th to April 3rd, allowing participants to mint different sets of armor based on their skills and staked $THALES tokens.
Starting With a Fishing Competition
The parimutuel markets protocol Thales has released a free-to-play game, Miletus, with an in-game chat function, wearable NFTs, and new game mechanics, characters, and quests.
In order to kickstart the game, Thales launched a virtual fishing competition in the metaverse. The quest began on March 27, 4:30 PM UTC, and will end on April 3, 4:30 PM UTC.
Each fishing attempt will measure three factors: Strength (your ability to hit the "sweet" spot with your line), Reeling ability (your ability to stay within the AB range), and Rarity of the fish caught.
The Regular fisherman set will be available to everyone participating in the launch fishing quest. The top 20% finishers will be able to mint the Camouflage fisherman set at the end of the competition. Those who finish in the top 5% can mint the luxury fisherman set.
Furthermore, the protocol will allow those who have staked $THALES in either Optimism or Arbitrum to claim the OG Armor.
Those who did not stake $THALES within the given time can still mint Bronze, Silver, or Gold armors depending on their volume generated in either the Thales markets DApp or the Overtime markets DApp on Optimism or Arbitrum.
Thales expanded to Arbitrum last September and later to BNB Chain last November. Recently the protocol has also expanded its gamified staking to Arbitrum.
As part of its gamified approach, Thales rewards those who stake THALES each week and incentivizes protocol usage at the same time. There are base and bonus rewards for every weekly staking epoch (which starts every Wednesday).
Thales ($THALES) is trading at $0.7078, up 0.34% in 24 hours. The protocol has a market cap of $26.411 million and a total volume locked (TVL) of $10.72 million.
What is Thales:
Thales is a decentralized finance protocol based on Ethereum Optimism, Polygon and Arbitrum that allows peer-to-peer parimutuel markets to be created. According to the protocol, it forms the basis for a variety of on-chain initiatives, from gamification to AMM-based positional markets.
Learn more about Thales:
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Web3Go Daily Data: BNB Chain Overview of March 30
March 30, 2023
The daily Web3Go Data report specializing in blockchain data on BNB Chain. Here is the report for March 30, 2023.
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:
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Open Leverage Partners With Floki to Launch Giveaway Campaign For Users
March 30, 2023
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Users can now utilize the $FLOKI token as collateral when borrowing assets on the Open Leverage platform. Further, they will receive rewards for committing partner assets in the ongoing campaign.
Open Leverage Collaborates with Floki and Others
After unveiling its permissionless liquidity market to the Decentralized Finance (DeFi) space, Open Leverage has launched the "Genesis Permissionless Liquidity Market" giveaway campaign for users in the blockchain industry.
The lending and margin protocol partnered with numerous DeFi platforms, including Floki, to reward users who utilize its features. According to the platform's thread on Twitter, partners will provide their tokens for users who lend or borrow on pairs with the tag "Genesis Market." Further, a total of 1.45M in the protocol's native $OLE token is up for grabs for users.
As part of the partnership with the MemeFi platform, $FLOKI is now integrated into the Open Leverage ecosystem. This means that $FLOKI holders can utilize their tokens as collateral to borrow assets on the platform. Floki Core Team Member, B, was excited at the collaboration, becoming the first set of tokens integrated into the protocol.
"We're excited to collaborate with Open Leverage as one of the first sets of tokens they integrated for their Genesis Permissionless Liquidity Market. Open Leverage is doing pretty innovative stuff on the BNB chain, which we really love, so we're happy to be a part of this!" B wrote.
Open Leverage expects the Floki community to participate in the campaign and earn rewards, including partners like RACA, BabySwap, BiSwap, Space ID, and Mdex. So, BNB Chain users can borrow assets with other partner tokens as collateral on the platform and earn big.
What is Floki:
Floki Inu began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki Inu. Floki Inu is currently the market's third most popular meme token, behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.
Where to find Floki:
Website | Twitter | Telegram | Discord |
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Baby Doge Community Voting on First Multichain Destination
March 30, 2023
Which EVM-compatible blockchain will Baby Doge be going to first: Ethereum, Polygon, Optimism, Avalanche or Arbitrum?
Ethereum, Polygon, Optimism, Avalanche or Arbitrum?
A huge multichain expansion from Baby Doge appears not to be a question of “If?” but “Where?”! The BNB Chain MemeFi project is holding a community vote on which blockchain Baby Doge should expand to initially.
The voting period started March 29 and ends April 8. After a day of voting, Ethereum holds an early lead. The other Ethereum Virtual Machine (EVM)-compatible networks under consideration are Polygon, Arbitrum, Optimism and Avalanche.
According to the proposal, “We're planning on expanding our community to other chains and want to know where you think we should expand to! The core team will base our future multi support based your the response here. [...] initially we plan to take the token locker multichain. Where should we deploy first?”
Yes, the proposal is written as adorably as the appearance of the Baby Doge puppy mascot, but don’t be deceived by looks: The MemeFi project team has posted some serious accomplishments, including furthering the popularity of the Baby Doge Swap exchange ($63 million in TVL), introducing gaming elements to its ecosystem (first game, PVP Chess), and passing the $10 million TVL mark for its Token Locker feature.
As the proposal indicates, the first Baby Doge utility to go multichain will be the Token Locker.
In the 24 hours since the multichain vote went live, the price of $BabyDoge increased 6%, according to CoinGecko.
What is Baby Doge Swap:
Baby Doge Swap is the acclaimed “son” of the popular meme token, DOGE. Baby Doge Swap started out as Baby Doge Coin and is a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project is now a fully Decentralized Exchange with swaps, liquidity pools, yield farming, and more. Baby Doge considers its primary utility as building a fun meme community to spread awareness of animal adoption.
Where to find Baby Doge Swap:
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. 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.
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. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. 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.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. 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.
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. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. 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.
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