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BlastUP presale ends with over $8 million raised

  • BlastUP recently concluded its presale, raising more than $8 million.
  • BlastUP’s impressive raise marks the first milestone for the community-backed launchpad project on the Blast blockchain.
  • Upcoming launches of Blastboxes V2, airdrops and other exclusive offers has the BlastUP community abuzz as the crypto industry braces for a fresh bull run.

BlastUP, a new launchpad platform on the Blast blockchain, raised over $8 million in its recently concluded BLP token presale.

According to details shared with CoinJournal, the BlastUP presale launched in February and ended on May 31. The presale offered 20% of the total supply of 1 billion BLP to early buyers.

BlastUP managed to secure a total of $8,095,148 from nearly 20,000 participants, the team added in a post shared on X.

“It has been an incredible journey for us! The amount we raised is extraordinary for the Blast L2 Ecosystem. Thank you for your unwavering dedication, encouragement, and belief in our vision. We couldn’t have done it without you,” the BlastUP team said, acknowledging the community’s support.

BlastUP token launch soon

BlastUP has gained a lot of attention within the Blast ecosystem, because it offers a novel mechanism for startups to secure early-stage investments, while enabling BLP holders to invest in these startups. 

BLP is BlastUP’s native utility token, which holders can use to invest in new startups via tiered IDO launches. BlastUP token holders can also earn up to 12% APR in staking rewards, and tap into other incentive programs and loyalty rewards.

Proving the success of this model, BlastUP has also seen three successful IDOs launch on the platform:

  • CYBRO, an AI-powered yield aggregator on Blast, managed an impressive $150,000 in less than a week
  • GameFi platform Petobots raced to a $75,000 raise in four days 
  • JuicyBet, a Web3 multi-chain platform for GambleFi, netted $50,000 in just two days.

As the Blast ecosystem looks forward to the Token Generation Event (TGE), there’s growing excitement around what’s next for BLP.

Some users see BlastUP’s recent announcement for initiatives such as the launch of Blastboxes V2 and airdrop campaigns as fresh opportunities to acquire $BLP at an advantageous rate.

An upbeat Blast ecosystem community may also view this as a golden opportunity for those likely to have missed the BLP presale.

Growth across crypto

BlastUP’s impressive presale raise comes amid a fresh buzz around crypto as Bitcoin jumped to above $71k again. Memecoins have also been on a tear, while the biggest gainer among the top altcoins today was BNB.

Elsewhere, the AI space continues to attract attention amid major developments from tech giants Google, Microsoft and chipmaker Nvidia.

The post BlastUP presale ends with over $8 million raised appeared first on CoinJournal.

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FLOKI explodes to new all-time high; Is new memecoin KangaMoon next?

  • Floki price spiked more than 25% to hit a new all-time high.
  • KangaMoon is a new memecoin project combining GameFi and SocialFi.
  • Currently available in presale, via a bonus round, the native token KANG is priced at $0.025.

It’s been a fantastic 24 hours for Floki Inu (FLOKI), the memecoin whose growth in the crypto space continues to push it towards the top rankings.

As the altcoin rallies, notable attention is also on new crypto project KangaMoon (KANG). Can this new play-to-earn (P2E) platform’s native token price mirror or even surpass Floki’s?

FLOKI price outlook

Floki, like most of the previous bull cycle memecoin outperformers, has lagged recently launched tokens – mainly PolitiFi and celebrity inspired releases.

However, with industry heavyweights like Ethereum founder Vitalik Buterin expressing concern about the impact of worthless memecoins to crypto, attention remains largely on the likes of Dogecoin, Shiba Inu, Pepe and Floki.

The FLOKI roadmap unveiled in March and recent milestones such as the launch of the Floki trading bot and run to over 417,000 holders on the BNB chain, have helped put this memecoin on track for market dominance.

On Monday, crypto trading and investment firm DWF Labs announced the purchase of $12 million worth of FLOKI tokens. The firm said its goal is to support Floki’s ecosystem growth, which includes such projects such as the upcoming Valhalla metaverse game, credit card and a FLOKI-powered digital bank.

The memecoin hit a new all-time high of $0.0003449 on June 5 after the DWF Labs news. This has analysts taking bullish Floki price predictions.

If FLOKI holds support above the $0.0003 level, it’s likely to strengthen the bullish outlook amid price discovery. 

KangaMoon – the new utility-focused memecoin

KangaMoon (KANG) is a new project that has the market’s attention firmly focused on its upcoming launch and exchange debut. KangaMoon has seen more than $7.6 million raised in its presale.

KANG is the native token of the play-to-earn (P2E) gaming project. It will serve as the utility and governance token, giving holders access to exclusive rewards, rare NFTs and governance participation.

Specifically, users will tap into KANG as an in-game currency for the P2E game and deploy it within the SocialFi ecosystem around it in things like social contests and game puzzles.

KangaMoon price prediction

As the broader market gains amid new upward momentum, memecoins like Floki are likely to stand out. KangaMoon’s KANG is also poised and could ride its ecosystem strength and overall memecoin hype to explode when it launches on exchanges.

KANG price increased from an initial $0.005 in stage 1 of the presale to the current bonus sale price of $0.025. It translates to a noteworthy 400% surge from that initial price.

Binance recently revealed its plans to list small cap projects that have a strong community traction, viable product and transparent team. KangaMoon ticks all these boxes and more. If more tier-1 exchanges list KANG, it’s likely to explode amid demand and visibility.

Notably, the team announced the first CEX to list KANG will be BitMart.

Find out more about Kangamoon here.

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Pyth Price Feeds now accessible to all Aurora Virtual Chains on Aurora Cloud

  • Pyth Price Feeds launch on Aurora Cloud, enhancing real-time data access to dApp developers.
  • Aurora Virtual Chains developers can now get permissionless access to 500+ real-time price feeds on Aurora.
  • The integration reduces costs and boosts efficiency for Aurora Virtual Chains.

Pyth Network has announced the launch of its price feeds on Aurora Cloud after a collaboration with the Aurora Labs team. This will make Pyth Price Feeds permissionlessly accessible to all upcoming Aurora Virtual Chains, marking a major milestone in the integration of real-time data with decentralized applications.

Aurora, an Ethereum Virtual Machine created by the NEAR Protocol team, offers a turn-key solution for developers seeking an Ethereum-compatible, high-throughput, scalable platform with low transaction costs. It consists of the Aurora Engine, a high-performance EVM, and the Aurora Bridge, which enables the trustless transfer of ETH and ERC-20 tokens between Ethereum and Aurora.

The governance of Aurora is managed by a hybrid model combining a Decentralized Autonomous Organization (AuroraDAO) and a traditional entity.

On the other hand, Pyth Network stands out as a first-party financial data oracle network, aggregating proprietary data from some of the world’s largest exchanges and trading firms. This data is then securely delivered to blockchains, supporting over 350 applications and securing more than $5 billion in total value locked (TVL).

Aurora Virtual Chains developers can now access real-time price feeds

The Pyth Price Feeds have been available on Aurora since late 2022 and have powered leading applications such as Aurigami.

However, the new architecture of Aurora Virtual Chains, which are dedicated EVM-compatible blockchains built on the NEAR Protocol, ensures seamless communication with Aurora, offering a direct connection to the Pyth oracle. This setup not only facilitates immediate integration but also minimizes costs for developers, as they can utilize price updates shared by others within the network.

The Aurora Virtual Chains offer developers a customized and dedicated blockchain environment. These chains provide an ideal platform for leveraging the robust capabilities of the Pyth Network, which delivers low-latency price data for a wide range of assets.

Following the collaboration with Pyth Network, developers on Aurora Virtual Chains will be able to access over 500 real-time price feeds across both traditional and digital asset classes through an innovative on-demand pull model.

Armand, the Product Lead at Aurora, emphasized the simplicity and efficiency brought by this integration. Armand said:

“Leveraging Pyth Oracle allowed us to provide a familiar interface to developers building on top of an Aurora Virtual Chain. And thanks to our cross-contract calls technology, all virtual chains are communicating with the Pyth Oracle on Aurora Mainnet, providing simpler integration and support from day one for dapps.”

Aurora applications like Aurigami, which already update Pyth prices on-chain, will now naturally extend these updates to all Aurora Virtual Chains, enhancing the ecosystem’s efficiency and interoperability.

The post Pyth Price Feeds now accessible to all Aurora Virtual Chains on Aurora Cloud appeared first on CoinJournal.