DeFi

Crypto Futures Exchange BitMEX CEO Is All Set to Launch the Much Delayed Exchange Token Within 2022

You have probably become aware of the postponement of the launch of BMEX if you have been keeping up with the news and updates on the exchange during this volatile year (2022) for the blockchain sector.

But since the market conditions have finally started taking a turn for the betterment, is BMEX returning? The launch of BMEX was initially pushed back due to the market’s state, but the exchange’s CEO is determined to get it up and running before the year 2022 is over.

The Delay in Launch:

The exchange announced in July that the debut of the cryptocurrency would be postponed because of the conditions in the market.

According to the announcement in July, the company stated:

“Although we are ready to list BMEX, the present market conditions are not ideal, and we want to list the token in an environment that gives it the best chance to reward you, its holders.”

New Announcement About the Launch:

The CEO of BitMEX disclosed this information to CoinDesk during an interview at the Token2049 conference held in Singapore. He stated that the company intends to release its BMEX exchange token before the end of the year.

Furthermore, Alexander Hoeptner, the CEO of BitMEX stated:

“If you launch a token in a market which clearly is not at all at the bottom, then your token will be drained down with the general environment.”

During the announcement, Hoeptner further stated that:

“The people waited for such a very long time. They are able to hold out for one or two more months.”

Adding more to that, Hoeptner explained that the precise launch date would rely on whether or not the team working on the exchange believes there will be another “tremendous dip” in the market shortly. According to him, launching shortly before a drop would emphasize the token’s declining price rather than the exchange’s new features or other successes, such as its registrations in Italy and Switzerland – making it a bad decision.

BitMEX: a Brief Overview

BitMEX is a platform developed for experienced traders in margin trading and leverage trading registered under the International Business Companies Act. The platform is used to create everlasting contracts based on margin trading.

Below are some key points defining the platform in more depth:

  • BitMEX is one of the most advanced peer-to-peer cryptocurrency trading systems. It uses best-in-class APIs to give high-quality trading knowledge and increase investor trust. In addition, the BitMEX exchange provides consumers with precision by assisting them in creating a million-dollar trading account.
  • BitMEX’s leveraged trade contracts aid in the delivery of trades more quickly. In addition, the platform is dependable and offers liquidity to enable Bitcoin transactions. Despite the risks associated with bitcoin, the platform is endorsed by hedge funds worldwide.
  • XBT-USD is one of the most traded perpetual swaps on BitMEX, which has altered the crypto market for the better. With solid trading engine security and novel perpetual swaps, the BitMEX team continues to innovate.

Wasder launches on Solana as it aims to disrupt the industry

Wasder, a global gaming platform or social microverse for gamers, has announced its launch on Solana, a market-leading blockchain technology, to become the primary gateway to future metaverses.

The collaboration establishes a new bar for both gamers and publishers as Wasder is the first popular gaming platform and digital microverse of its sort. The new launch allows gamers to take part in the Game of Wasder, a truly gamified adventure embedded inside the social network that allows users to get more involved with games like Minecraft, Call of Duty, Roblox, Fortnite, Garena Free Fire, PUBG Mobile, and others.

Understanding the Game of Wasder

The Game of Wasder creates a more immersive experience when it comes to interacting with brands. It allows game publishers and developers to host their communities on Wasder, combined with Game Spaces. Furthermore, it provides players with a variety of other high-value options, such as showcasing their in-game items like NFTs, Battlepasses, and prizes while also exposing them to a bigger audience.

Wasder’s rewards are exclusive NFTs from games with whom Wasder has collaborated. Wasder has already teamed up with Gala Games’ Townstar and Vorto Games’ Hash Rush and will announce numerous additional partners in Q1 2022. Wasder’s Battlepasses will also be available to users, allowing them to gain rewards playing a specific game within a specific timeframe. In addition, players can display their rewards/NFTs on their personalized profiles, giving them a new avenue to promote themselves in the group as well as their reward stockpile.

Speaking on the new launch, Thomas Gronnevik, CEO of Wasder, gave a detailed insight into what Wasder looks like. Speaking on gamer’s ownership, he said, “Players have historically been unable to have ownership over their items in games. What this means is that there have been limitations to who you can trade them with, or moving them between your own accounts, or other artificial demands that you had to go through in order to do anything with the items you had either earned or bought. NFTs allow for gamers to really control their own things which means that they can trade them between their own accounts, or with their friends, or sell them if they like. Remember old Pokémon trading cards? No one controls them but you.”

In a release, Wasder opened up on the goal of its platform. It wrote, “ We wanted to create a system that gives every player equal access to earning & acquiring really cool rewards & NFTs. After every season, control and ownership of those rewards & items should be in the hands of the players, ensuring that everyone can enjoy what we create, and that it creates a vibrant, decentralized, and player-controlled economy after each season ends.”

Why Solana?

Wasder noted that it looked out for a platform that would return power back to the players and also share in the vision of massive adoption. Solana ticked all the boxes. Here are some reasons why Solana was the perfect destination

  • It’s highly scalable.
  • Their transaction speeds are very high.
  • Low transaction fees and fast-paced transactions. 
  • Highly sustainable

Apart from developing the Game of Wasder on the Solana, Wasder plans to use the Solana blockchain for a variety of purposes, including the minting of NFTs. Although Wasder intends to enable various blockchains for NFTs in the future, the Solana ecosystem will be the first and will power the basic mechanism that allows players to exchange NFTs.

Photochromic’s IDO is set to take place today following registration closure

Members of the Photochromic community are getting set for the Photochromic IDO, which is set to hold today at 8 AM PST/ 3 PM UTC on CardStarter, a Cardano-based launchpad. Community members participated hugely during the whitelisting process and gave an overwhelming response.

Here’s a recap of the moments leading to the IDO.

IDO registration process

On November 8th, at 8 a.m. PST/3 p.m. UTC, the registration process for IDO on PhotoChromic began. Users could register for the 96-hour window that ran from November 8th at 8 a.m. PST/3 p.m. UTC until November 11th at 8 a.m. PST/ 3 p.m. UTC. 

Users were mandated to complete the following steps in order to register:

First, they had to stake a certain number of CARDS tokens to be eligible. Before engaging in the IDO with Fractal, PhotoChromic needed users to complete KYCThe user had to register for the IDO On http://pools.cardstarter.io/

Cardstarter provided the whitelisted addresses that satisfied the criteria needed ahead of the IDO after all of the stages were completed, and the registration window had closed.

How to participate in the IDO

The whitelisted wallet holders are to note the following :

Date of IDO: November 15th, 2021

Time of IDO: 8 AM PST/ 3 PM UTC

Duration: 24 Hours

Also, users should note that the PhotoChromic IDO has a $405,000 IDO pool with a $0.00045 IDO value. Furthermore, all whitelisted users can participate in IDO from the start by going to pools.cardstarter.io.

What this means for Photochromic

Photochromic has emerged as one of the top crypto projects expected to launch. Its offerings have been described as one of a kind, but the IDO has a huge role to play in how much success the platform is to expect.

Photochromic hopes to use this IDO to acquire startup funds and raise knowledge about its project and services within the flourishing crypto community.

The entire quantity of the project is 15 billion tokens, of which 21% will be sold in the Private Sale and IDO. It’s an Ethereum-based ERC-20 token that runs on the Ethereum blockchain.

The most adaptive use case is the ability of the platform’s token to connect a user’s identity to assets such as artworks, valuables, and records, which are used all over the world. 

Also, Identity NFT token holders have complete control over the protocol and have the ability to attach their identities to both digital and physical assets.

The ultimate purpose of PhotoChromic is to empower a variety of industries that require increased identity verification by aiding them in the implementation of Web3 for better accessibility to safe services and goods. This IDO will also be used by PhotoChromic and CardStarter to promote the broad adoption of cryptocurrencies and blockchain technologies.