DePIN and DeWi Come to Sui in Groundbreaking Karrier One Partnership, Upcoming Token Launch 11437

Sui, in collaboration with Karrier One, proudly announces a strategic partnership that marks a significant leap in integrating advanced telecom services with the dynamic capabilities of web3 technology. At the heart of the partnership is the investment that Sui is making in Karrier One, which provides funding to help expand its Decentralized Physical Infrastructure (DePIN) technology. This collaboration showcases the potential for decentralized technologies to vastly expand access to the digital world and enhance connectivity for underserved populations.

The technical integration of this new partnership will feature DePIN services powered by the Sui blockchain and the launch of a Karrier One Decentralized Wireless (DeWi) network token on Sui. In addition, contributors to and participants in the Karrier One ecosystem will be able to earn DeWi tokens for various activities such as deploying radios and mobile usage involving Karrier One phone numbers.

This launch not only introduces a versatile governance token but also expands the Karrier ecosystem with a diverse array of utilities accessed and consumed via fungible tokens and NFTs. For example, as part of Karrier One’s implementation, universal phone numbers will be sold by Karrier One on the network and secured by NFTs using the Karrier Number System (KNS) which is fortified with features that prioritize self-sovereign digital identity, safeguard user data and enhance digital security.

A key feature of the KNS will be the integration of zkLogin, a fundamental Sui primitive that streamlines user interactions on Sui by enabling web3 authentication with familiar web2 credentials. For example, with zkLogin, users can log in with Google or Facebook to generate a self-custodial wallet secured by zero-knowledge proofs. By combining KNS with zkLogin on Sui, the partnership enables end users to transact in web3 using their telephone numbers instead of requiring them to manage a crypto native wallet. All Karrier One phone numbers will be distributed with these integrations as a default option of its phone plan. Users will also be able to transfer their numbers from other carriers, allowing them to enjoy the benefits of KNS and zkLogin. For the first time ever, users will be able to specify an address on the network using a phone number and securely and privately send and receive digital assets via text message with no wallet setup required.

Already a leading player in DePIN technology, Karrier One will utilize the new investment from Sui to augment its offerings with an array of new services, such as retail radio deployments and innovative mobile phone plans along with KNS, delivering vital infrastructure to underserved areas. A pivotal aspect of this work involves leveraging Karrier One’s advanced radio technology to tap into unused wireless spectrum, primarily from large telecom companies, which are often reluctant to incur the hefty capital expenditures required to build the infrastructure in certain regions of the US and abroad. As a result, a vast portion of the spectrum is left under-utilized. Karrier One addresses this gap by monetizing these signals efficiently and effectively to promote sustainable economic growth and inclusive connectivity.

“We are thrilled to announce our partnership with the Sui Foundation,” stated Samer Bishay, CEO of Karrier One. “This partnership is a major step towards expanding our influence and reach in telecommunications. Our goal has always been to ensure that connectivity is universally accessible, affordable, and sustainable. Sui’s parallelized transactions, efficient on-chain data storage capabilities and superior processing capacity align perfectly with our mission. Sui has demonstrated its ability to maintain gas fees that are low and predictable even during massive use of the network, ensuring that our users can leverage the full potential of our technology with the prospect of millions of daily hashed transactions on-chain and despite the vast requirements for data storage. This technology is crucial for our telecom application buildouts, which demand rapid, scalable, high-volume transaction handling in the nine and ten-figure range.”

Greg Siourounis, Managing Director of the Sui Foundation, commented, “Our collaboration with Karrier One demonstrates our commitment to using decentralized technologies to build a more inclusive and interconnected future. More than just an alignment of goals and values, our partnership combines two superior technologies to advance decentralized telecommunications. By developing the DePIN network on Sui, Karrier One is leveraging network scalability, security, and efficiency unmatched by existing platforms and moving us forward towards a future where this technology is a catalyst for positive change.”

This partnership also represents the teams’ shared commitment to the United Nations Sustainable Development Goals (UN SDGs), focusing on Quality Education (Goal 4), Industry, Innovation, and Infrastructure (Goal 9), and Sustainable Cities and Communities (Goal 11). In particular, Karrier One’s presence at the COP 28 conference in Dubai at the end of 2023 was an opportunity to showcase its innovative solutions and strategies that align with global sustainability efforts. This appearance not only underscored Karrier One’s dedication to sustainable practices but also highlighted its growing influence in the UAE and on the global stage.

The partnership between Karrier One and Sui embodies their united vision of leveraging decentralized technology for societal and environmental betterment. It is expected to accelerate the deployment of DeWi solutions, making a substantial contribution to worldwide efforts for a sustainable, inclusive and connected future.

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Covalent Achieves Rapid Token Buyback Growth, Surpassing $100K in Three Months 8389

Covalent has reported a significant growth in its token buyback program, buying +$100,000 worth of CQT from the open market since the launch in late January 2024. The mechanism utilizes revenue generated from Covalent’s API usage to purchase tokens, significantly enhancing the utility and value of the CQT token while fostering a sustainable ecosystem. Tokens accumulated through Covalent’s revenue mechanism will be awarded to network operators, effectively meeting the evolving demands of Web3 and fostering growth across innovative areas such as AI, DeFi, analytics, and governance.

Bringing Revenue Onchain to Support Long-Term Data Availability

The growth of Covalent’s onchain revenue mechanism plays a crucial role in reinforcing verifiable operations for the Ethereum ecosystem with a network of operators. Operators initially stake CQT and contribute data infrastructure, which ensures secure, historical, and verifiable access to blockchain data. This not only supports the network’s growth—but also underscores Covalent’s commitment to enhancing the infrastructure for the Ethereum Wayback Machine (EWM).

Covalent’s Onchain Revenue Mechanism

Network operators within the Covalent ecosystem play a critical role by performing cryptographic computations to establish a reliable and verifiable repository of historical blockchain data. Their contributions extend beyond data integrity to include testing, governance, and efforts to enhance the network’s reliability and scalability. With the goal of continuously bringing consistent offchain revenue onchain, Covalent is primed to utilize this mechanism to support the ongoing functionality of the CQT token in staking and governance.

During this initial phase, Covalent has witnessed over $100,000 worth of CQT being brought onchain. With steady growth in business revenue expected over the coming months, Covalent is projected to hit $180,000 worth of CQT through the token buyback program by the end of Q2– which will be distributed to operators as a network utility token, circulating back into the ecosystem and sustaining the network.

The introduction of the onchain revenue mechanism through token buybacks has a twofold impact on Covalent’s ecosystem. It strengthens the financial foundation of the network, enhancing its ability to fund operations and expand services without relying solely on external funding sources. Furthermore, this revenue mechanism enhances the intrinsic utility of the CQT token, aligning stakeholders’ interests with the long-term health and success of the network.

Looking Ahead: Sustainable Growth and Network Expansion

As Covalent prepares for the rollout of significant advancements, including the introduction of Olympic Light Client Operators later this year, its sustainable revenue model will be vital in supporting these innovations. With the network currently serving over 280 million wallets, this revenue mechanism is a major part in ensuring that Covalent remains dedicated to its core principles of decentralization and transparency, paving the way for continued utility of the EWM and Covalent’s long-term data availability.

About Covalent

Covalent (CQT) is shipping data infrastructure for the decentralized ecosystem, solving Long-Term Data Availability for Ethereum—infrastructure that can re-execute blobs and shape AI. With CQT staking now back on Ethereum, The New Dawn of network expansion towards the Ethereum Wayback Machine commences. Today, this means AI use cases have unfettered access to onchain data from over +225 blockchains and growing.

Trusted by Fidelity, Rainbow Wallet, Jump Crypto and more.

CeDeFiAi: Revolutionizing CeDeFi with unmatched security and seamless Ilintegration 8688

In the rapidly evolving world of cryptocurrencies and decentralized finance (DeFi), CeDeFiAi emerges as a trailblazer, addressing the industry’s most pressing challenges head-on. By offering a comprehensive suite of non-custodial tools and services, CeDeFiAi is poised to redefine the way users interact with their digital assets, bridging the gap between centralized finance (CeFi) and DeFi like never before.

At the heart of CeDeFiAi’s innovative platform is a commitment to addressing the fragmentation problem that has long plagued the crypto industry. By consolidating a wide array of blockchain networks, decentralized exchanges (DEXs), decentralized applications (dApps), and centralized exchanges (CEXs) under one roof, CeDeFiAi provides a unified, user-friendly experience that simplifies asset management and tracking.

CeDeFiAi’s platform is built upon the foundational principles of decentralization and user privacy. By utilizing cutting-edge Web3 login technology, CeDeFiAi ensures that users retain complete control over their funds at all times, eliminating the need for a third-party custodian. This approach not only enhances security but also empowers users with the freedom to manage their assets as they see fit.

In addition to its non-custodial approach, CeDeFiAi offers a comprehensive suite of CeDeFi tools that cater to both novice and experienced investors. From investment aggregators and pro trading terminals to multi-sig asset management and crypto lending solutions, the platform caters to a wide range of needs, fostering a more competitive ecosystem and driving further adoption of cryptocurrencies.

CeDeFiAi’s commitment to security extends beyond its non-custodial approach, with the platform employing state-of-the-art encryption and security protocols to safeguard users’ data and assets. This robust security framework ensures that users’ assets remain safe and secure, instilling confidence in the broader cryptocurrency ecosystem.

Furthermore, the integration of multiple chain opens up new avenues for seamless asset tracking and management, further cementing CeDeFiAi’s position as a leader in the crypto management space. As the platform continues to evolve and innovate, it stands as a shining example of the potential for DeFi to transform the financial landscape, offering users unprecedented control, security, and flexibility in managing their digital assets.

Investors looking to be a part of this exciting journey can do so by investing in the CeDeFiAi token (CDFI). The CDFI token not only offers a means to access CeDeFiAi’s cutting-edge platform but also represents a unique investment opportunity in the rapidly growing DeFi space. As the platform continues to evolve and innovate, the value of $CDFI is poised to grow, driven by increasing adoption and utility within the ecosystem.

In conclusion, CeDeFiAi represents the perfect marriage of security, user-friendliness, and comprehensive DeFi tools, all under one roof. Its commitment to addressing the fragmentation and security challenges faced by the industry makes it a beacon of hope for both novice and experienced investors. As CeDeFiAi continues to grow and evolve, the $CDFI token stands as a testament to the platform’s potential to redefine the digital asset management landscape. Don’t miss your chance to be a part of this exciting journey – invest in $CDFI and join the future of digital asset management.

Galxe Rolls Out GAL Staking with $5M Rewards Pool, Unlocking Exclusive Rewards through Galxe Earn 8870

Galxe, the leading web3 infrastructure and digital credential network, today announced the launch of GAL Staking, a new feature that grants users the ability to unlock exclusive rewards through Galxe Earn, a platform transforming how airdrop campaigns are conducted by offering smarter, precision-targeted airdrops.

Through GAL Staking, users gain access to Galxe Earn, utilizing their staked GAL tokens to participate in unique airdrop campaigns. This integration creates a dynamic synergy between staking and reward mechanisms, offering over 18 million active participants a more engaging and directly beneficial way to interact with the ecosystem. Powered by Galxe Quest, Galxe Earn enables direct engagement between projects and stakeholders such as token holders, NFT collectors, and social media followers. It allows projects to offer exclusive rewards, including whitelist spots and gated access to airdrops, thus enhancing engagement and extending the ecosystem’s reach.

“GAL Staking is a long-awaited addition to the Galxe ecosystem, designed to enhance how our community interacts with and benefits from our platform,” said Harry Zhang, co-founder of Galxe. “By staking GAL, users unlock access to the rewards pool through Galxe Earn and may potentially gain crucial voting rights in our governance system. This empowers them to directly influence strategic decisions and actively shape the evolution of Galxe. Our commitment to integrating substantial user incentives with profound governance roles exemplifies our dedication to fostering a truly decentralized and user-driven ecosystem.”

Exclusive Rewards and Strategic Partnerships

The genesis rewards pool of Galxe Earn includes major collaborations with Arbitrum, Polyhedra, and Merlin, distributing rewards close to $5 million in total. This initiative enhances user engagement by providing access to whitelist spots and gated airdrops, further supported by Galxe Quest, the leading platform for building web3 communities.

Seamless Staking Experience

The GAL Staking interface on Galxe’s website offers a user-friendly dashboard that presents essential information such as the total GAL staked, individual wallet addresses, and detailed staking activities. This interface allows users to easily engage with the platform by staking or unstaking GAL tokens, ensuring a flexible and informed staking experience. The dashboard is designed for simplicity, enabling users to monitor and manage their staking history and current status effectively.

This intuitive staking experience enhances user engagement by simplifying the staking process and ensures that participants can make informed decisions based on comprehensive, real-time data, reinforcing Galxe’s commitment to transparency and user empowerment in the evolving web3 space. For detailed instructions on how to participate, visit our Step-by-Step: GAL Staking guide.

Decentralized Community Engagement & Governance Upgrade

In conjunction with GAL Staking, Galxe is proposing a significant enhancement to its governance model. This proposal, if approved, would transition voting rights exclusively to GAL stakers, further democratizing the platform’s decision-making process. This change aims to deepen community engagement by ensuring that those who are actively participating and staking GAL have a more substantial influence over the strategic direction of the platform.

The proposal for this governance upgrade is now live, and Galxe encourages all stakeholders to participate in the discussion and vote. Interested parties can find more information and join the governance discussions at the Galxe Governance Forum. This initiative highlights Galxe’s commitment to fostering a participatory environment where community input drives growth and innovation.

About Galxe

Galxe is the leading web3 infrastructure and digital credential network, empowering seamless web3 experiences through modular AI, digital identity, and blockchain technologies. Central to the ecosystem, the Galxe Identity Protocol provides a foundational layer for secure and self-sovereign digital identity management. Alongside the protocol, Galxe’s product suite–Galxe Quest, Galxe Passport, Galxe Score, and Galxe Compass–supports the development of the next generation of web3 applications. With a vibrant community of over 18 million active users and partnerships with 4,900 brands, Galxe has proven itself as a pioneer and leader in digital identity solutions, fostering community growth, and enhancing user engagement. Dedicated to making web3 accessible to all, Galxe serves end-users and developers worldwide.

Spotrade.net analysis: A Trusted Destination for Unbiased Insights into Crypto and Forex Trading 9204

The evaluation of Spotrade.net review demonstrates that under the guidance of Russel Hengton, it’s poised to become a leading authority in crypto and forex trading. Russel Hengton’s leadership has positioned Spotrade as a frontrunner in these markets, aiming to redefine the landscape of independent product evaluations and expert recommendations. It aspires to be the go-to online hub for consumers seeking genuine insights into a wide array of products and services related to crypto and forex trading.

In today’s overwhelming sea of options, Spotrade.net review stands out as a beacon of clarity. With a wealth of unbiased, meticulously researched insights, the site covers everything from cutting-edge technologies to innovative strategies, catering to diverse trader interests.

“Our vision with the launch of Spotrade.net review is to empower traders with accurate, comprehensive insights they can rely on,” said Russel Hengton, the CEO and Founder of Spotrade. “We’re dedicated to being a trusted ally in the trader decision-making process, providing insights that help users navigate the dynamic world of crypto and forex trading. Our commitment lies in delivering sincere, unbiased evaluations that stand out in today’s marketplace.”

The strength of Spotrade.net review lies in its rigorous evaluation methodology. Products undergo scrutiny by seasoned traders, focusing on essential aspects such as performance, reliability, and overall value. The platform’s unwavering commitment to honesty and transparency in every insight cements Spotrade.net review as a trusted name in the trading sector.

Beyond product assessments, Spotrade offers informative guides, educational articles, and the latest industry updates, ensuring traders are well-informed about market trends. Whether it’s new crypto technologies or forex trading strategies, Spotrade.net review provides comprehensive and candid insights users can rely on.

As the digital landscape evolves, Spotrade remains steadfast in providing trader guidance. With its user-friendly interface, extensive coverage, and dedication to impartial insights, Spotrade.net review is set to become the ultimate online destination for traders seeking reliable product insights and savvy trading advice.

Spotrade.net review is an innovative online platform committed to delivering unbiased, detailed insights into crypto and forex trading. Focused on quality and trustworthiness, Spotrade.net review is poised to become an indispensable tool for traders navigating the dynamic world of trading.

Website: https://Spotrade.net

SolBlock AI Announces Fair Launch on PinkSale for AI-Driven Community Token 9204

The SolBlock AI team recently unveiled the date for its token fair launch on PinkSale. From April 22, users will be able to become early investors in this AI-driven community token. The main idea behind SolBlock AI is to promote decentralization in a new way. The team aims to give users ownership over their data while providing innovative Web3 features.

Fair Launch – A Step Towards a Decentralized Future

SolBlock AI’s fair launch on PinkSale is a major step toward a decentralized future. From April 22 to April 25, users can participate in the launch on PinkSale’s Solana Launchpad. The platform utilizes $SolBlock as its versatile utility token that powers various decentralized finance (DeFi) applications and transactions. Its use of the Solana blockchain enables fast, secure, and scalable solutions for DeFi activities, including lending, trading, borrowing, and yield farming. The token utility doesn’t stop there. Other benefits for $SolBlock holders include:

  • Participating in SolBlock DAO governance by staking their tokens and earning rewards.
  • Receiving a portion of earnings through revenue sharing with SolBlock AI and its partners.
  • Being rewarded for creating and curating content on the platform.
  • Using $SolBlock for advertisements, tips, swaps, trades, unlocking a premium tier, gaming, and metaverse dapps within SolBlock AI.

Through its advanced utility, $SolBlock practically serves as the fuel of the SolBlock AI platform.

Innovating Web3 – Distinctive Features

Beyond its token, it is important to highlight that the SolBlock AI project has several distinctive features. For starters, the team behind this project has been in the crypto world since 2013. After over 10 years of experience, this is far from being the team’s first venture. In terms of main products, here is what crypto enthusiasts can expect from SolBlock AI:

  • Customizable community town squares that cater to different usage scenarios.
  • An AI-driven DeFi launchpad for improved project launches and investor matching.
  • Encrypted communications, including video, voice, and chat, on a decentralized platform.

Using the Internet Computer, Solana, and IPFS ensures the entire platform is Web3 native. Moreover, its use of AI-driven data perfectly aligns with the current AI hype and adds a new dimension to DeFi. SolBlock AI is a project positioned at the right place and time, promising users the best of both worlds.

About SolBlock AI

SolBlock AI is a new AI-driven platform on Solana for DeFi and community engagement. As mentioned, this project leverages Solana for its ledger and utility token, as well as IPFS for on-chain storage. The decentralized architecture of the Internet Computer also offers computing capabilities while eliminating the need for bridgeless multi-chain transactions. There are almost no limits to what this team may accomplish through partnerships with other crypto ecosystems and projects. The upcoming fair launch on PinkSale will soon give early investors a chance to invest in this project.

XVC Tech Announces Strategic Investment in TradeTogether to Enhance Web3 Wealth Management 9006

XVC Tech, has invested in TradeTogether, a leading Web3 wealth manager based in Singapore. The venture capital firm founded by the creators of the XDC Network blockchain.

XDC Network’s ecosystem includes RWA dApps focusing on Private Credit (TradeFinex), Trade Finance (XDC Trade Network), tokenized gold (Comtech Gold) and tokenized US Treasuries (Yieldteq powered by Tradeteq).

Ritesh Kakkad, co-founder of XVC Tech, noted, “TradeTogether approached XVC with a strong emphasis on compliance, which is key in sectors like private credit and trade finance. We believe this focus on compliance will attract more institutional adoption, leading to increased utilization of the XDC Network’s use cases.”

Added TradeTogether’s CEO Geoff Ira, “XDC Network is a robust Enterprise-grade Layer 1 blockchain with a strong focus on Real-World Assets (RWA). We eagerly anticipate collaborating with XDC and its ecosystem of dApps to develop top-tier Web3-centric funds, driving intelligent capital into RWAs and Web3, while adhering to regulatory compliance standards.”

TradeTogether introduces two innovative investment options

  1. Firstly, the TradeTogether Bitcoin Advantage Fund, allows clients to invest in Bitcoin with added protection against market downturns, offering a better experience than traditional ETFs.
  2. Additionally, TradeTogether provides high-net-worth individuals and financial institutions with transparent solutions in tokenized bonds and Web3 products for receivable financing, moving away from the DeFi platform model.

TradeTogether has prominent co-investors such as Orbit Startups, Tenity, Boleh Ventures and Leo Ventures. Other Angel investors who participated in TradeTogether’s funding round since it’s inception includes Samuel Rhee (Chairman of Endowus), Varun Mittal (Group Head Innovation Singlife), Reuben Lai (Former Senior MD Grab Financial Group), Mx Kuok (KUOK Family), E. BABA de Rothschild (EGR Partners), Chandrima Das (Ex bento founder acquired by Grab), Nicolas Gallet (Gallet Capital), David Bachelier (CEO Asia at Flowdesk).

About XVC Tech

Founded by the co-founders of XDC Network, Atul Khekade and Ritesh Kakkad, XVC Tech is a US $125mn Fund focussed on exploring investment opportunities in NextGen Technology Solutions. Portfolio companies include DeGaming, a decentralized i-gaming infrastructure protocol, Bolero, a platform fractionalizing IP of music assets via smart contracts or Truflation, an oracle for RWA, indexes and inflation.

Current areas of focus include RWA, Web3 infrastructure, AI, and DePIN. For Web3 startups looking to make an impact, new investment opportunities are actively being sought. Users interested in learning more can visit XVC Tech at XVC.Tech to get in touch.

About XDC Network

The XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain, operational since 2019 focusing on Enterprise use cases such as Trade Finance, Payment and RWA tokenization. More details at: Xinfin.org

About TradeTogether

TradeTogether Pte Ltd is a pioneering Web3 digital asset management company based in Singapore. Operating under a regulatory exemption since October 25, 2021, TradeTogether is at the forefront of innovative financial solutions in the digital asset space. Led by CEO Geoff Ira, who has a strong background in the financial and banking industry. For more information, users can visit TradeTogether.com