DPLAY Casino: FUN Token Is Popularizing Decentralized iGaming With Latest Launch

24th August 2021, Douglas, Isle of Man—FUNToken.io has announced the launch of DPLAY.Casino as the first stand-alone casino to accept the FUNToken (FUN) and ONLY the FUNToken. As such, it’s completely anonymous, requiring only an Ethernet wallet that can accept your FUNTokens (you can use Metamask or Changelly if your wallet doesn’t support FUN yet). And you could win a trip to Vegas just for playing.

Adriaan Brink, FUNToken’s CEO says,

“This is just the beginning for FUNToken utilization. Our partners operating DPLAY understand the importance of de-centralizing their games and making them provably fair. Watch this space for further announcements as we move FUNToken off the chain with a new layer two coin.”

From an online casino player’s perspective, DPLAY ticks all of the boxes.

There are four versions of Blackjack, four versions of Baccarat, four versions of Poker-style games, with Hold ‘em Poker the most like playing a real heads up game, and Classic Roulette, with one green zero spot, European style—better odds than the American zero/double zero wheel.

And some local favorites, such as Wheel of Fortune, Andar Bahar and Dragon Tiger.

For slots enthusiasts, prepare for a NEW experience. Your favourite Microgaming or Pragmatic Play games are NOT (yet, at least) on the site, but you’ll find some NEW favourites from the supplier OneTouch. Less well known than Playtech, but their slots games are of surprisingly high quality!

Neon2077 is an early favourite on the site, with a medium volatility and a good RTP of 96.29%. Cyberpunk-ish with a 1024 ways to win and a 4000x max win, easy to see why early adopters are opting for this game.

Wild Wild West 2120 is another futuristic, but steampunk rather than cyber style, that’s caught the eye of players. High volatility with about a 95% RTP and with 30 lines.

Looking for more ways to win? Flexing Dragons has 117,649 ways. This high volatility game with an RTP of 96.05% brings on cave-dwelling dragons for a max win of 10,000x+. That max win is the same as the unusual Loot or Boot game—hit the I button in the game for instructions on how to play across its five levels of difficulty. Looking for a LOW volatility game? Try Steam Vault, Tiki Terror or Golden Stripe.

All the OneTouch game look beautiful on the desktop but they are designed to be mobile-first, unlike most of the game suppliers. You can find out more about them at OneTouch.io.

Live dealers, for roulette and baccarat, are only a “sprint” away, according to DPLAY’s developers. 

Every time you play, you’ll also be entered into a contest for a trip to Vegas. The winner will be drawn mid-September from tickets awarded with every FUNToken used. Full details on the site: DPLAY.Casino.

From a crypto-perspective, DPLAY.casino is the base for building the first properly decentralized casino. Posting-up and leaving your hard-earned tokens will be a thing of the past.

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Molecule Partners with VitaDAO and Nevermined Creating First Ever Biopharma IP-to-NFT Transfer for Longevity Research

18th August 2021, Basel, Switzerland — For the first time in history, NFTs are being used for a transfer of IP ownership in medical research. This unique milestone is a result of a partnership between biopharma IP marketplace Molecule, and VitaDAO, a decentralized collective (DAO) funding longevity research, and the University of Copenhagen. This innovation is enabled by a groundbreaking data storage solution developed by web3 technology innovator Nevermined.

VitaDAO, Nevermined and Molecule Overcome Biopharma Industry Challenges 

Early-stage biopharma research is the lifeblood that fuels advances in medicine. However, many domains in biopharma suffer from chronic underfunding or commercialisation challenges that prevent innovation from reaching patients. Legal complexity, illiquidity of IP assets and lack of access to investors contribute to the problem for researchers. 

By applying Web3 technology, Molecule is enabling a world where researchers get access to an open marketplace that makes novel research and IP discoverable, universally fundable and distributes ownership. Nevermined’s data storage and access control frameworks create entirely new ways of how the data rights surrounding this IP can be transacted with and accessed.

VitaDAO recently became the first benefactor of this advancement. The collective used Molecule’s protocol and IP NFT framework to acquire IP resulting from longevity research run at the Danish Scheibye-Knudsen Lab and transferred ownership to VitaDAO.

Molecule CEO Paul Kohlhaas stated: 

“This NFT transfers marks a historic milestone for both the NFT and biopharma space. It’s the first time real-world pharma IP is transacted on a blockchain, while also moving into custodianship of a DAO.”

Combining Legal Frameworks with Web3 Interoperability

The early-stage research phase is plagued by a phenomenon coined the Valley of Death – where funding is hard to obtain, meaning many promising discoveries never make it to market. Molecule is building a marketplace for biopharma IP. 

A specialised technical framework combines legal agreements such as IP licenses with the novel technology of NFTs and decentralised secure data storage networks that are coupled with the NFT. By ledgering ownership rights on Ethereum, Molecule is building a marketplace for liquid biopharma research data and IP via NFTs. Researchers and biotechs list their projects and discoveries, receive funding via DeFi and can connect directly with patients. Paul Kohlhaas added:

“IP NFTs could effectively replace patent models and become new value drivers thanks to Nevermined’s data storage frameworks. We hope to enable a myriad of use cases like this, first focusing on longevity and mental health and then broadly becoming a sort of “OpenSea” for Biotech NFTs that helps empower new research organizations like VitaDAO.” 

Simultaneously, new vehicles to collaborate and fund research are forming in the web3 space. VitaDAO is a “Decentralised Autonomous Organisation” that collectively funds early longevity research projects via its community contributors. In June 2021, it raised $5 million from hundreds of individuals via a Gnosis batch auction – placing the organisation directly into the hands of its community. Now it is on a mission to finance the most promising longevity research endeavours and decentralise their ownership.

Want to Live Forever? There’s an NFT for That

The complex requirements for storing, transferring and accessing IP-related files require more than just a standard NFT. Nevermined implemented its Access Control module to create NFTs on steroids with Molecule. These novel NFTs enable the transacting parties to engage with the underlying protected research data via federated access control. This use case has a wide range of applications in the pharmaceutical industry.

 Nevermind CTO Aitor Argomániz stated: 

“Access Control allows creators and owners of digital assets to attach conditions to an NFT. Think of things like pricing, verified users, privacy parameters, etc.. At the same time, it acts as a Gateway to guarantee that only parties that fulfill certain conditions can get access to the underlying documents.”

The module is also cross-tech-compatible. This allows apps to make secure, critical connections between Ethereum, the cloud (e.g AWS) and decentralised hosting (e.g Arweave). This is the only way to guarantee a Certificate of Authenticity with permanence, traceability and privacy built-in..

Nevermined Socials 

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Molecule Socials 

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VitaDao Socials 

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Playbetr Becomes Paris Saint-Germain’s Exclusive Official Online Betting Partner in Latin America

Paris Saint-Germain have signed an exclusive three-year regional partnership agreement with www.Playbetr.com, one of Latin America’s leading online betting providers. The Parisian club is now one of the most popular clubs in Latin America, particularly in Brazil, which is the home country of many of its former and current players. Playbetr will thus benefit from the ever-increasing popularity of one of the world’s most influential sports clubs in Latin America and will secure exclusive marketing rights for its users.

As part of the deal, Playbetr will benefit from the installation of Digital Overlay® technology at the Parc des Princes, which will target Latin American audiences. This innovative system – the first of its kind in France – geo-localises the adverts displayed on the LED screens around the pitch by adapting the messages to the broadcaster’s audience.

Playbetr will also benefit from VIP seats for home matches at the Parc des Princes, club legend meet-and-greet sessions, signed shirts and memorabilia, private events at the Parc des Princes, as well as “money can’t buy” experiences for Playbetr customers, clients and employees. What is more, Playbetr will have access to Paris Saint-Germain’s digital platforms, including gameday posts to promote special offers. The betting platform will also provide its customers with enhanced odds for Paris Saint-Germain matches and will collaborate on special promotions developed in association with the club.

“We are delighted to welcome Playbetr to the Paris Saint-Germain family, as the club’s first ever Official Latin American Betting Partner,” said Paris Saint-Germain’s Chief Partnerships Officer, Marc Armstrong. “We believe that Playbetr will be an ideal partner for the club, and together we will be able to reach and further engage with our fast-growing fan base in Latin America. The unique appeal of Paris Saint-Germain and its players in the region makes the club the perfect platform for Playbetr to develop their brand.”

Marvin Jones, Chief Marketing Officer of Playbetr, also commented:


“We are proud to announce our partnership with the most elite and exciting football club in the world. In football, like in betting, performance is primordial. Paris Saint-Germain have built a solid reputation of excellence both on and off the field, and we look forward to extending the brand’s influence even further across the globe.”

About Paris Saint-Germain

Paris Saint-Germain football club was created in 1970 and celebrated its 50th anniversary in 2020. Since QSI’s purchase of the club in 2011, it has undergone a transformation to become one of the world’s top football clubs and global sports brands. The club has won 27 trophies in just ten years, for a total 43 in its history, making it the most successful football club in France. Paris Saint-Germain has attracted many great players including Ronaldinho, Beckham, Ibrahimovic, and currently Neymar Jr and Mbappé, both ranked amongst the top four players in the world. The international popularity of the club never stops growing. It is now the one of the most followed clubs in the world, expanding from zero to a community over 100 million social media followers in just ten years. This pioneering sports club – which includes men’s football, women’s football, handball and judo squads – was one of the first sports clubs to branch into eSport back in 2016. Giving back to the community is fundamental to the club, which has drastically increased the capacity of its Foundation to develop wide-reaching programmes for disadvantaged young people.

About Playbetr

Playbetr is a leading licensed cryptocurrency, focused sportsbook and casino, offering the very best in online gaming entertainment. Playbetr features over 50,000 pre-match and 30,000 live selections every month, as well as over 1,500 casino games from over 30 providers. The Playbetr community is the fastest-growing online gaming community, complete with tournaments, jackpots, rake races, bonuses and the very best in promotions. Enjoy www.Playbetr.com today!

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Get Some Endorphins with the Splash Slots Tournament On 1xBit Casino

17th August 2021, Limassol, Cyprus — Endorphina is an online casino that believes in both luck and strategy, by offering one of the most enjoyable, rewarding platforms in the digital space. 

Endorphina’s Innovative Standards 

Being one of the most reputable slot providers in the industry, players can expect slot games to be innovative, accurate, and satisfying. The slots are made using the latest technologies, rich graphics, and optimized gameplay so that games operate well across all devices. 

The games developers also take the time to understand different cultural interests across the globe, which explains their diverse range of slot games. From Book of Santa and Satoshi’s Secret to Slotomoji and Taboo, there is bound to be a game that will excite all types of players. 

Play Splash at 1xBit Casino 

At 1xBit, Endorphina is at its best with its immersive games, and now invites everyone to plunge into this refreshing experience and put your skills to the ultimate test – feel the excitement of the Endorphina Splash tournament!

In order to participate, just play any slot game by Endorphina. Take your time to browse through their massive collection, try out games that intrigue you the most, and play them to collect tournament points. The more points you get – the higher your prize is!

1xBit will reward players resilience and consistent gameplay with the following rewards:

– 1st place –  50 mBTC

– 2nd place –  20 mBTC

– 3rd place –  15 mBTC

– 4th place –  10 mBTC

– 5th place – 5 mBTC

More Offers from 1xBit 

At 1xBit, we are always looking to improve our user’s gameplay experience. Here are only SOME of the benefits we have to offer:

– Welcome bonus. All newcomers can claim up to a 7BTC welcome bonus for the first 4 deposits.

– Instant payouts. You don’t have to worry about waiting around to have your transactions or funds processed. You get to access instant payouts!

– VIP cashback. Didn’t win? No problem! You can still count on the 1xBit casino cashback that goes up to 11%. 

Sounds exciting, doesn’t it? Hurry up! The Endorphina Splash tournament ends on 31st August, but the fun never ceases!

1xBit Socials

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1xBit is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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iTrust Lists on AscendEX

AscendEX, a global cryptocurrency platform, is excited to announce our newest listing: iTrust token (ITG), under the pair USDT/ITG on AUG 17 at 1 p.m. UTC. In celebration of the listing, AscendEX and the iTrust Finance team will jointly launch three limited-time promotional events providing participants a chance to share 50,000 USDT in ITG rewards! 

iTrust Finance is a capital allocation solution for DeFi insurance projects. Entering into a blue ocean market, iTrust aims to improve the capacity of insurance protocols for different DeFi insurance projects and commit themselves to helping DAO users and users of various insurance protocols enter the market under better conditions. The platform also provides them with a variety of income strategies according to their risk appetite.

iTrust Finance operates as a Decentralized Autonomous Organisation (DAO) focused on alleviating the existing pain points in the DeFi insurance sector. They focus on three factors to enhance efficiency and drive growth for DeFi insurance protocols: efficiency, returns, and simplicity.

iTrust Finance provides a win-win solution for all parties of the DAO and underlying insurance protocols. Being Managed Yield Aggregator for the DeFi insurance industry, they operate as a capital allocator, working with underlying insurance protocols to build essential “cover capacity.” iTrust Finance creates a mutually beneficial relationship between stakers and insurance protocols by maximizing rewards and growing cover capacity for all DAO participants in the wider DeFi community.

What differentiates iTrust from the competition is that, rather than providing individual cover, they are increasing the amount of available cover supply for other protocols to provide premiums, users to purchase premiums, and stakers to earn network rewards. At its core, iTrust enables more efficient and fluid issuance of insurance cover for the benefit of the entire ecosystem.

Overall, iTrust seeks to improve efficiency and usability in the DeFi insurance marketplace for individuals and insurance service providers by leveraging the staking of their native token, ITG. 

About AscendEX 

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. 

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.  AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. 

To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About iTrust

iTrust Finance is the Risk Managed Yield Aggregator for the DeFi Insurance vertical. They operate as a capital allocator, helping underlying insurance protocols to build essential “cover capacity.” iTrust Finance creates mutually beneficial relationships between stakers and insurance protocols by maximising rewards and growing cover capacity for all participants of the DAO, and the wider DeFi community.

For more information and updates, please visit:

Website: https://www.itrust.finance 

Medium: https://medium.com/itrust-finance/itrust-ido- 

Discord: https://discord.com/invite/WkB2USt

Telegram: https://t.me/joinchat/3kGHhgf9Y-FlOTFk

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ReddCoin Leads DEFCON29 Blockchain Village Event to Educational Track Contest Success

13th August 2021, Las Vegas, NM — Redd successfully demonstrated blockchain technology and decentralized apps at the world-famous security conference DEFCON29 and BlockchainVillage.net to bring “ReddID” and the cryptocurrency, ReddCoin (RDD), to the world’s foremost collection of security experts. 

DEFCON Blockchain Event

At DEFCON, Redd held a “Capture-The-Flag” style b hackathon event aimed at exploring, discovering, and exposing the world’s first decentralized cryptocurrency name registration and social tipping product to talented and motivated security experts of all kinds. Prizes were awarded in RDD, the native cryptocurrency of the ReddCoin ecosystem, as well as ETH-based NFTs allocated to those achieving the highest scores. The original version of ReddID as a self-contained and customized target was made available for the event and was tested with an open security challenge to all.

The Blockchain Village is very excited to announce that Reddcoin was selected to be the first to participate in a brand new Blockchain Village Educational Track. The Educational Track @BCoS Village presents DEFCON attendees an opportunity to prove their learning skills through “Capture The Flag” style educational content specifically focused on blockchain and cryptocurrency.

First Crypto Project at DEFCON

The theme of this year’s DEFCON event is “Integrity”, and the in-person event was held at Paris, Las Vegas, Nervada, from August 6th – 8th, 2021. Redd is proud to be the first cryptocurrency project presented at this event and welcomes any and all hackers, techies, creatives, blockchain and crypto fans, or anyone else to join our ReddHead community and learn more about the technology and philosophy that underlies our projects’ efforts. 

Project Redd

Project Redd, started as a social movement and philosophical guide that emerged from ReddCoin (RDD) the cryptocurrency. There is now a new unique PoSVv2 (Proof-of-Stake-Velocity version 2) consensus staking protocol, allowing for self-empowerment on the project, individual and movement levels simultaneously. Anyone interested in joining the movement and helping build Redd’s future, is encouraged to visit the DEFCON & blockchainvillage.net event for insight into RDD, ReddID, or be in the chance to win prizes and some insanely interesting content from all of the presenters and speakers.

Blockchain Technology has changed not only the way we transact value but also the way we look at security. Out of many distinguished features, the distributed Ledger is one of the most powerful concepts brought forward by Blockchains, which has moved the trust from a conventional trusted third party and put it in a trust-less distributed system. 

This year at Blockchain Village brings back the Capture-The-Coin contest running in parallel with more hands-on workshops (Mathematical and Practical) along with cutting edge Talks-n-Tools, noteworthy Demos-n-Discussions, all focused on security of Blockchains and Distributed Applications. 

Join Redd at DEFCON 29 as we celebrate the power and potential of Distributed applications, enabled by Blockchain technology.

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Compass Mining Sponsors Bitcoin Core Developer Jon Atack For $80,000

Through the facilitation of the Human Rights Foundation, Compass has committed to a one-year donation of $80,000 to Jon Atack.

Through the Human Rights Foundation (HRF), Compass Mining has announced their newest commit to sponsor Bitcoin Core contributor, Jon Atack, with a one year donation worth $80,000.

Atack began his contributions to Bitcoin Core over two years ago in March 2019, reviewing code, discovering bugs, and testing fixes all while proving himself as a prolific code author. And after providing lots of value, it wasn’t too long until he joined the Bitcoin Core developers team later that year in November.

“Without contributors like Jon, the speed and quality of Bitcoin’s development would noticeably suffer. Our entire team is excited to build a relationship with Jon and support his important work,” said Compass CEO Whit Gibbs. “As the largest and fastest growing retail-focused bitcoin mining companies, we believe it’s essential for Compass to support the development of the protocol our entire industry is built on.”

The HRF, a non-profit organization who helped facilitate the sponsorship, has sponsored others in the Bitcoin space in the past such as Spector, Lot49, Calvin Kim, Ecosystem Grants, and Jesse Posner, Muun Wallet, Janine Roem and Blockchain Commons, and six other Bitcoin projects, including developers and Lightning apps.

“HRF is delighted to work with Compass to support Jon and Bitcoin Core,” said Alex Gladstein, Chief Strategy Officer at HRF. “Jon has been a vital contributor to the world’s open source money project and we look forward to helping make his work possible this year.”

Compass now joins the only other two bitcoin mining companies (Braiins and Marathon Digital Holdings) to sponsor a Bitcoin Core developer to help develop this open monetary system. Antminer has also supported Bitcoin Core developers in the past, but none at the moment.

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PolkaFoundry to List on AscendEX

AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the listing of PolkaFoundry token (PKF) under the pair USDT/PKF on Aug 10 at 1 p.m. UTC. 

PolkaFoundry is a platform for building borderless and frictionless DeFi and NFT dApps on Polkadot. PolkaFoundry aims to be the most convenient platform for developers to build DeFi and NFT dApps with easy access to mainstream end-users. PolkaFoundry will achieve this by utilizing Polkadot’s interoperability and scalability and integrating various DeFi-friendly services with the platform. In addition, PolkaFoundry focuses heavily on the ease of use for the UX and features of their dApps, promoting mainstream adoption.

The native token PKF has several utilities, including payment for services and transaction fees in the PolkaFoundry ecosystem and payments for PolkaFoundry’s partners’ services. In addition, PKF is used for staking and governance so users can earn shares of block rewards and participate in the on-chain governance process to vote on proposals for additional rewards.

PolkaFundry believes that the most significant barrier to blockchain adoption is the complexity of the UX on most platforms and dApps. The average person has difficulty engaging with crypto projects because many projects did not design their UX’s for mainstream users. Concepts like wallets, private keys, coins, exchanges, etc. require education and can confuse new users, hence leaving many dApps with a small active user base. Polkafoundry has spent years researching dApp UX’s and has used their research to build the UX into PolkaFoundry for  novice users and professionals to access and use the platform easily.

Polkadot promises a fast-growing ecosystem with security, scalability, and interoperability, so PolkaFoundry decided to build its platform on it. To enable dApps to port from Ethereum, PolkaFoundry is EMV-compatible. PolkaFoundry’s foundational goal is to bring the benefits of blockchain to the masses by making its products and services accessible to people outside the crypto community.

About AscendEX 

AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. 

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.  AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About PolkaFoundry

PolkaFoundry is a platform for building borderless and frictionless DeFi and NFT dapps on Polkadot. PolkaFoundry aims to be the most convenient platform for developers to build DeFi and NFT dapps providing a platform for them to make dapps that are easily accessible to end-users. 

For more information and updates, please visit:

Website: https://polkafoundry.com/

Twitter: https://twitter.com/PolkaFoundry   

Telegram: https://t.me/PolkaFoundry

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Why Smart Hashes Choose ASIC Equipment for Cryptocurrency Mining and How It Helps in Mining Efficiency?

Cloud mining is gaining momentum every day. The more cloud mining companies update their equipment, the more effectively the company continues to operate. Very often there is a hunt for the latest processors or video cards for mining, since their number on the market is limited.

Smart Hashes is a cloud mining company that keeps the pace with improving its mining farm, which makes a big profit compared to competitors. Smart Hashes offers its users to take advantage of the rental of cloud equipment and choose the amount of capacities that the user wants. The profit from the leased equipment can be seen in the packages provided on the company’s website.

Smart Hashes uses the ASIC method in mining cryptocurrency. Since, the main mining currency is Bitcoin, which uses the SHA256 algorithm. One of the big advantages of ASIC miners is the ability to solve complex mathematical problems required for mining while keeping the network stable and secure. The equipment is located in dedicated data centers, which allows the customer to rent the equipment rather than physically owning it. That allows the user not to cover the depreciation costs of owning the equipment.

To service the equipment, Smart Hashes organized an uninterrupted power supply using alternative methods, a backup Internet channel, an improved method of cooling equipment and a security service to ensure the mining farm’s 24/7 operation. It saves a tremendous amount of time for clients, ensures safety and effectiveness in production.

Reasons to choose cloud mining at Smart Hashes:

1. Clients mine only on the best and latest hardware, which allows them to get more income compared to competitors;

2. Thanks to cloud mining, it is possible to receive passive income;

3. The company guarantees regular payments;

4. It is possible to use a Referral Program;

5. Convenient interface to control the cryptocurrency mining;

6. Automatic inclusion of the package;

7. Fast support.

To start mining with Smart Hashes, you just need to go through a simple registration and choose the package that suits you. All packages differ in terms of validity and the amount of GH/s, which determines the daily profit. The availability and variety of packages makes it easy for any user to choose a rate. Receive regular and daily profits after purchasing the package.

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EQIFI Launches Suite of Decentralized Financial Products Powered by a Global, Licensed Bank

Powered by EQIBank, EQIFI’s highly anticipated launch provides a single uniform platform for decentralized finance products.

British Virgin Islands, Aug. 6, 2021 — EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins and select fiat currencies, launched its decentralized finance platform today, including newly introduced fixed- and variable-rate lending products, as well as an advanced yield aggregator and interest rate swaps.  

Brad Yasar, CEO of EQIFI, said:

“We are incredibly excited to bring our new range of DeFi products to our community and clients. By harnessing the power of DeFi technology, EQIFI is positioned to become an industry world leader. Through blockchain technology, EQIFI democratizes financial products previously only available to a select few and we are confident that EQIFI is best positioned to bring these products to clients who want to embrace the evolution of digital banking in an accessible and regulated manner.”

Outlined in full below, EQIFI’s new products simplify DeFi by consolidating a range of sophisticated services on a single user-friendly platform. The products are designed to address the shortcomings of the traditional banking sector, such as high fees, outdated technology, obsolete pricing models and expensive cash handling.

– EQIFI fixed-rate products are pooled loans at a fixed interest rate that settle on a specified future date. The user provides collateral in the form of Ether (ETH), Wrapped Bitcoin (wBTC), stablecoins or select

fat currencies (converted into stablecoins) in pools, with fixed rates attached. 

– EQIFI variable-rate products feature algorithmic borrow rates, making the marketplace automatically responsive to changes across the network based on user activity and demand, increasing levels of

borrowing from the token pool. 

– EQIFI interest rate swaps are a DeFi forward contract in which one stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate swaps usually involve the

exchange of a fixed interest rate for a variable rate or vice versa. 

– The EQIFI yield aggregator is an automated aggregator of all leading external yield farming products, making yield farming simple and automatic. The platform automatically assigns capital between different

liquidity pools, seeking the optimum profit and margin.

Governed by holders of the platform’s native EQX token, EQIFI operates under a community-focused, decentralized ethos, allowing community members to make important decisions about the future of the project, such as listing and delisting assets and tokens, adjusting interest rates according to the market, modifying collateral limits, and pausing any loans or deposits for a certain time. 

EQIFI is powered by EQIBank. Launched in 2015, EQIBank is one of the world’s leading digital banks and offers tax-neutral personal and corporate banking services in multiple currencies to clients in over 180 countries. EQIBank offers competitive rates, 24/7 service, trusted security and an innovative, simple online global banking experience across all devices. EQIBank provides bank accounts, loans, custody, debit and credit cards, over the counter, and wealth management to EQIFI and all its qualified clients. 

Jason Blick, CEO of EQIBank and chairman of Eqif, said,

“EQIFI’s new range of products is an essential milestone on the road to decentralized finance adoption. This is a product range like no other and EQIBank is proud of its role as the regulated bank powering EQIFI. We support and trust both EQIFI and this new range of products to bring DeFi-enabled products and solutions to mainstream audiences in an accessible way.”

For more information, visit EQIFI’s website

About EQIFI

EQIFI, the first DeFi project powered by a licensed and regulated digital bank, is setting new standards, establishing trustless transactions, and driving real-world adoption.

EQIFI’s infrastructure is optimized for real-time digital interactions. We are at the forefront of embracing today’s ever-demanding culture that wishes to embrace the evolution of digital technologies.

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