Metaverse

Transak and Decentraland Partners to Deploy the first Full Functional Metaverse ATM

In a masterstroke, the crypto trading giant, Transak, has launched the first fully functional ATM in Decentraland. 

This new development will dial the interoperability for the users to the max as now they will be able to top their crypto wallets while exploring the interactive space of metaverse. To transact, the users just need to make a swift interaction with Decentraland deployed crypto on-ramp and continue exploring the virtual world, having the ability to top-up their wallets whenever they need. 

Decentraland X Transak

It is interesting to note that the users can purchase the crypto assets directly using fiat as the ATM essentially acts as the hyperlink to Transak’s services where global users can purchase cryptocurrencies. Moreover, Transak can automatically sync to the local currency, default to $MANA, and deposit the funds to the DCL-connect wallet. 

Moreover, this news is also monumental for the metaverse, Decentraland, and will increase its accessibility and usability. As Mana is the primary in-game currency used to purchase and sell items within the games, this ATM will increase the ease of use for the gamers. 

According to the developers of Decentraland, the ATM is intended to simplify the user experience, “Just like an ATM in real life, we wanted to give users a more seamless journey while navigating web3,”

Earlier this week, Transak hosted a series of onboarding events on 2nd August at the Airdrop Tower, where experts guided the users on how to use the metaverse ATM while instructing Decentraland landowners to deploy the device within their own parcels. 

Moreover, Decentraland also hosted a public conference on 3rd August to discuss the motive behind this ATM and how it will be beneficial for all users of Decentraland. This development will be especially beneficial for the landowners as it will provide them with additional revenue streams. 

To learn more about the first metaverse ATM, visit https://play.decentraland.org/?position=-7%2C-23

Flare Finance’s $EXFI Airdrop Complete, Trading to Begin on January 6, 2022

Flare Finance, the first DeFi platform on the Flare Network has successfully completed the airdrop of $EXFI tokens. The $EXFI tokens were airdropped to all the holders of $SGB and $WSGB across supported exchanges and wallets. 40 million $EXFI were successfully airdropped to all the holders.

The Experimental Finance (ExFi) platform was released on the Songbird Network, the Canary Network for Flare. The ExFi platform received a huge response from the community and achieved over $40 million in TVL within 30 days of launch. In a short span of a few weeks, the ExFi platform has already seen 170K unique users on the platform.

$EXFI Airdrop and Trading

The snapshot for $EXFI tokens was completed on December 12, 2021, at 1 PM EST. The total supply of the token is 110 million out of which 40 million were airdropped. The EXFI token will have multiple use cases on the platform. It will be used as a fee replacement token on FlareX. Users could also use it to farm $SFIN on FlareFarm and create $CAND to farm even higher amounts of $SFIN. $EXFI will be available on FlareLoans in the early week of February.

Flare Finance has so far only released just three of seven products to be launched on the ExFi platform. Once the other 4 products are launched, even more utility will be available. Users will be able to use $EXFI for purchasing NFTs on the FlareDrop platform. $EXFI holders will also have the opportunity to vote on Flare Governance and be in a unique position to impact changes on the platform.

The trading of $EXFI token is expected to begin across various exchanges from January 6, 2022. Some of the exchanges that have announced support for airdrop and exchange listing include Bitrue, CoinTiger, EXMO, Coinone, and CEX.io. More exchange listings are expected to be announced in the coming days.

Users would be able to trade $EXFI using FlareX on the Experimental Finance platform in the coming days. Users can also store their $EXFI on D’ Cent Wallet and Bifrost Wallet since both companies have already announced support for $EXFI tokens. Flare Finance will also release a Halborn Audit in the next few days along with internal audits from TrailOfBits and CertiK.

About Flare Finance

Flare Finance is institutional-grade decentralized finance harnessing the true potential of the Flare Network. Flare Finance will launch seven products – FlareX, FlareWrap, FlareFarm, FlareMine, FlareLoans, FlareMutual, and FlareDrop on the ExFi platform and the Mainnet platform.

Flare Finance has already announced support for XRP, XLM, LTC, DOGE, as S-Assets and XDC, LGCY, CSC, and PAC as X-Assets on the Experimental Finance platform. Flare Finance has a strong community with nearly 100K followers on just Twitter. As more projects get added to the platform, the number of unique users is expected to multiply exponentially.

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Contacts
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  • Flare Finance
  • admin@flr.finance