A recap of the second round in the latest iteration of Battle of the Dapps.
Powering into the Grand Finale
The Group B contest in Battle of the Dapps has come to a close, with Venus advancing to the grand finale after seeing off strong competition from Wombex and DeRace.
Venus earned their spot in the final, winning both the community vote by 46%, as well as one judge's vote for their experience and maturity in the industry with regard to longevity and community. The other judge's vote went to DeRace, leaving the score at 2-1 in favor of Venus.
If you're unfamiliar with the rules of Battle of the Dapps, check out this explainer article!
Here's how it all went down in Round 2.
Discussing Security
The first question from the host, Tom, centered on Security. Wombex representative Sami, who is the Co-Founder and Business Development Lead, spoke about how security is their number one priority and that they see it as an ongoing process, having done three security audits from Slowmist, Peckshield, and Zokyo. DeRace rep and CEO, Adomas discussed how they try to keep their smart contracts as small as possible besides the regular auditing in order to honeycomb things, their bug bounty program, and staff training to prepare themselves ahead of potential hacks. On the other hand, Patrick, who is the Product Marketing Manager at Venus, expressed how security comes at the forefront of what they do, being a major player on BNB Chain. "We have a lot of support as far as those who are willing to keep a strong eye on our systems to make sure everything is safe and secure", says Patrick.
Discussing Longevity
The second round of questions targeted Longevity. Wombex rep discussed how they had modeled their tokenomics based on what they see works, albeit the existence of critics of veTokenomics. Following up, DeRace took pride in its high level of transparency with the community and how they've focused on developing new features and expanding the platform. They have also prepared all the necessary materials to help standard non-blockchain users get into the project. Venus spoke about rolling out Venus Prime, a reward-based program, in a bid to incentivize users from moving liquidity to other platforms and increase demand.
Discussing Community
The last set of questions was about community. Wombex discussed how having a large veWOM position is critical to its plans to provide the best positive yield for liquidity providers and a share of protocol revenue. Wombex plans to continue to increase its veWOM position and maintain its lead. DeRace explained how they had created a ticketing system to help users submit concerns and feature requests, which the staff members regularly review. Finally, Venus representative spoke about how the Venus Ambassador Program has paid phenomenal dividends and brought users to the protocol. He also laid emphasis on the in-person events that helped put a face on the protocol over time.
Contestant Questions
This section saw the three competitors ask each other questions, touching on various challenges faced by the projects and the DeFi space in general. Check out the recording of the event to hear the full questions and responses from the projects!
BSC News would like to thank all three participants in Group B for their efforts and remind them that all participants contribute immensely to the growth of DeFi. BSC News would also like to thank the sponsor of Battle of the Dapps, Lend Finance, without whose support this event would not be possible.
Group C, comprised of Velvet Capital, NFTbMarket, and Cryptopolis will battle for the last spot in the grand finale on February 3 at 7 PM UTC. Follow the official BSC News Twitter account to receive updates on the event, and tune in to the official Twitter Space!
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 $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.
Related News
Algotech’s Game-changing $3.1M Presale Grabs Attention From Dogwifhat (WIF) As SUI Surges
Sui (SUI) price surges due to increasing user base and strategic collaborations. Dogiwifhat’s investors turned to Algotech after WIF faced speculations about further price drops.
After a correction phase in the broader crypto market, many coins are gaining momentum once again. Sui (SUI) has emerged as a stand-out choice for investors amid market recovery with its readily expanding user base and positive price trend.
In the meme coin space, Dogiwifhat (WIF), after leading the meme coin rally in the past week, is showing a downward trajectory. Due to WIF’s utter hype-oriented tokenomics, investors are speculating about its long-term viability and are shifting to projects with real-time utility in the Defi sector.
SUI shows strength after reaching 600k daily active accounts
Sui (SUI) is making notable strides in the crypto space with a massive surge in price momentum and trading volume. The project has made headlines, notably after the announcement of THORwallet’s integration with Sui for staking purposes. This collaboration streamlines staking, providing users with a simpler and more accessible way to enhance blockchain security and efficiency.
Sui recently achieved a major milestone, surpassing 600K daily active accounts. According to DeFiLama data, Sui's total value locked (TVL) has a favorable short-term trend. With the project's commitment to bringing new dApps online, there is potential for this price momentum to persist in the long run.
At present, the SUI token is valued at $2.1, indicating a notable surge of 13% on the intraday chart. The network is experiencing substantial investor activity, evident by a 140% surge in trading volume. With an optimistic outlook on the project, SUI is demonstrating the massive potential and is poised for significant gains in the upcoming weeks.
WIF whales shift focus after the price drops 4.5% in 24 hours
Dogifiwhat's (WIF) recent surge in the meme coin frenzy due to massive whale traffic has started to fade. The token flipped many meme coins in its recent rally to a $3B market cap just after months of launch, which proved to be a significant milestone for the meme coin. WIF price has dropped by 4% in a day, along with a declining market cap.
While some analysts indicate a positive comeback for the token, others predict a further decline in its price towards $2 by mid-April if the current trajectory persists. Amid these speculations, WIF investors are turning their attention to an emerging project currently in its presale phase, expected to yield 1200x returns once it launches on major exchanges.
Algotech (ALGT) grabs market by surge with its $3.1 million presale
Algotech (ALGT) has stolen the spotlight from meme coins like WIF as having more upside potential for massive gains. With a ground-breaking presale of $3.1 million in stage 2, Algotech stands out as the top choice for investors in the crypto sector.
The algorithmic trading platform of Algotech offers cutting-edge features like momentum trading, breakout detection, and arbitrage trading. Supporting over 10,000 trading pairs, the platform aims to empower traders with automated trading strategies and key market stats to capitalize on investments.
With over 75 million tokens sold in just three weeks to 9,000 unique holders, ALGT tokens are currently in hot demand. Investors are rushing to grab the tokens at $0.06 before they go up to $0.08 in the next round. Analysts predict that the token will reach $1 before it hits major exchanges, which makes this an ideal time for early investors to join Algotech.
Learn more:
Disclaimer: 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 $400. 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.
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.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Try Now!
Sign up Now
Coming Soon
WIN BIG
Coming Soon
Start Earning Today!
Earn Now
Coming Soon
Sign Up Now
Play & Mine!
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%