Kategorie: Crypto Business

Key takeaways

• Blackjack is launching on the Solana blockchain and will have a total supply of 100 million tokens.
• The presale will commence tomorrow, with 85% of the tokens available to the community via the fair launch.

What is Blackjack?

Meme coins are growing in popularity in the Web space. Dog-themed meme coins remain the popular ones but cat-themed meme coins are warming up to investors. Blackjack ($JACK) is a cat-themed meme coin that will launch on the Solana blockchain. 

However, Blackjack ($JACK) is not a typical cat. It is a gambling cat with the proverbial nine lives. According to their website, $JACK comes straight from ‘City of Second Chances’ ready to play at any table. $JACK knows that sometimes the only way out is to go all in, and that counting wins at the table is never a good idea.

Blackjack will be launching on the Solana blockchain to leverage the various features other meme coins like Popcat enjoy. The transparency, speed, and security of the Solana blockchain could boost Blackjack’s adoption. 

Blackjack seeks to usher in a new era of gambling finance on the Solana ecosystem, leveraging the blockchain’s speed of transaction and transparency.

How does Blackjack differ from other cat-themed meme coins?

While Blackjack is launching as a cat-themed meme coin, it differs from other cat-themed meme coins thanks to its unique tokenomics and utility. The leading cat-themed meme coin on the Solana blockchain is Popcat, which currently offers no utility to users.

However, Blackjack seeks to introduce gambling finance to the Solana blockchain. This means that Blackjack offers utility to users, unlike most of the cat-themed meme coins with no real use cases. 

$JACK will list on Raydium, with a 100 million token supply

Blackjack is adopting a unique tokenomic model, with the scarcity of $JACK tokens expected to make them more valuable. 

According to the development team, $JACK will launch on the decentralized exchanges Raydium and Jupiter. There will be a 100 million $JACK supply, with 85% of it going to the community via a fair launch. Blackjack is following the examples of leading cryptocurrencies like Bitcoin with limited token supply. The limited token supply usually leads to scarcity, which results in higher token prices. The remaining 15% will be allocated to project marketing and liquidity.

The Blackjack presale commences in less than 24 hours. Investors can read more about the project by joining the community or visting the official website.

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Key takeaways

• Five spot Ethereum ETFs, including Fidelity, are set to launch on July 23rd.
• Poodlana’s presale is now close to the $1.7 million mark as more investors troop into the project. 

Ethereum ETFs to go live next week

The Chicago Board Options Exchange (CBOE), the largest U.S. stock exchange for options, has revealed that five spot Ethereum exchange-traded funds (ETFs) will go live on July 23rd.

The funds include the Fidelity Ethereum Fund, the Franklin Ethereum ETF, the Invesco Galaxy Ethereum ETF, the VanEck Ethereum ETF, and the 21Shares Core Ethereum ETF.

With Bitcoin and Ether ETFs now available to investors in the United States, it is becoming evident that cryptocurrencies are going mainstream globally and adoption levels could soar. 

What’s Poodlana?

With the crypto market going mainstream, new projects are emerging to provide more utility and opportunities for investors. Poodlana is one of the latest projects to keep an eye on. 

It is a new Solana meme coin designed to introduce the glamor of high fashion to the crypto world.  Poodlana wants to become the number one dog token on the planet. The meme coin wants to embrace the ethos of community-driven growth while providing investors with unique value. 

Poodlana is one of the top 3 dog breeds in Japan, Korea, and China. The development team wants to leverage the popularity of the dog with the love of meme coins in these countries to build a strong community.

Poodlana’s presale raises $1.7m in three days

The Poodlana presale began three days ago and will last for 30 days. So far, the project has raised $1.7 million, with the token price currently set at $0.023. In the next presale stage, the PODDL token will be sold for $0.0265. Investors can purchase this token using SOL, BNB, ETH, USDT, USDC, and Fiat/card payment options.

The development team revealed there would be no lock-up period for their tokens, no games, just pure, unadulterated excellence. The POODL presale will end on August 16 and the listing on exchanges will take place immediately after. 

According to the website, the presale will be in 10 stages, with a price increase every three days. 

Click here to learn more about the Poodlana presale.

Poodlana has a total supply of 1 billion tokens

Poodlana’s tokenomics is a simple one as the team values transparency amongst its community members and investors. Per the whitepaper, the total supply will be 1 billion POODL tokens, with 50% going presale.

The team added that the remaining 50% will be split amongst marketing (15%), rewards (5%), partnerships (5%), treasury (10%), and liquidity (15%). 100% of tokens will be unlocked on day one, ensuring there are no lock-ups or vesting periods.

Once the presale ends, Poodlana will burn unsold tokens. Presale investors will claim their tokens immediately after the presale, with the token set to list on decentralized exchanges (DEXs) once the presale ends.

Should you invest in the Poodlana project?

The Poodlana project is ambitious as it seeks to become the number one dog-themed meme coin in the world. Poodlana is taking advantage of the popularity of the Poodlana dog and is building a community that could see it challenge Shiba Inu and Dogecoin. 

The presale will last for 30 days, which means investors have a limited period to invest in the project before it is listed on exchanges. The project’s transparency and speed of execution could also help attract more investors to the project.

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TL;DR

• OKX Wallet has added support for TON as the Toncoin blockchain continues to gain momentum.
• Solciety’s presale has officially surpassed $1 million roughly a month after launch.

OKX Wallet Adds Support for TON

Cryptocurrency exchange OKX announced on Wednesday that it has added support for the Toncoin (TON) network associated with the Telegram messaging app to OKX Wallet. 

According to the OKX team, TON is the 100th protocol supported by the OKX Wallet. Previously, OKX Wallet added support for the NEAR, Blast, and zkLink Nova chains. It also recently integrated Uniswap Labs’ trading APIs and launched a platform for Web3 game developers.

What is Solciety?

After its recent bearish performance, the cryptocurrency market is recovering, with BTC and other major altcoins up by more than 15% in the last seven days. Thanks to the increased inflow of funds into spot Bitcoin ETFs in the United States, investors remain bullish about the crypto market. 

New projects continue to emerge to solve several pain points within the Web3 ecosystem. Solciety seeks to become a leader in the PolitiFi meme ecosystem as the US presidential elections draw closer. 

The project wants to become the very first political party of degens. According to the whitepaper, the team revealed that the meme coin is pegged to the only real-world currency: attention. Solciety will ensure that users would have a platform dedicated to spreading the degen gospel across the Twitterverse. 

Users can create meme coins easily with Solciety

A key feature of Solciety is that it enables users to create meme coins with ease. Meme coins have become an integral part of the crypto ecosystem. Shiba Inu, Dogecoin, Dogwifhat, Bonk, and Pepe are some of the highest-ranking cryptocurrencies and they are all meme coins. 

Solciety will launch the Meme Campaigner, a tool that allows users to create their own meme coins. With the Meme Campaigner, users will have access to over 200 traits, backgrounds, and fonts.

Users can create and share memes on Twitter to earn points. The earned points will be collected and the top ten users will earn presale tokens.

The funds raised from the presale will be channelled towards the development of new tools such as Solciety’s AR. The Augmented Reality tool will allow users to view their weird and wonderful meme creations layered over the real world.

Furthermore, part of the funds will go towards developing Solciety’s AI tool, which will be launched in the first quarter of 2025. The AI tool will make it possible for natural language programming to autogenerate captions and translate memes into other languages. Thus, easing the meme creation process for users.

Solciety’s presale hits $1m

The Solciety presale began a month ago and has already crossed an important milestone. The presale is currently in its fifth round and has $$1,009,585 of the required $1,402,708 for this round. 

Early investors enjoyed a heavily discounted price of $0.000963 in the first stage. In this fifth stage, the SCLTY token is going for $0.002289. The SLCTY token’s price will increase every 72 hours, with early investors enjoying a 125% increase in price before the presale ends. 

In terms of tokenomics, 30% of the tokens will be for presale investors, with a total of 3 billion tokens available for presale. 20% of the total token supply has been allocated to marketing and 10% to community rewards and incentive programs. Upon launch, liquidity will account for 17% of the total supply. 

Should you invest in Solciety before the presale ends?

The presale is already in its fifth stage and could end in the coming weeks. Historically, purchasing coins during presale is one of the best forms of investment in the crypto space. 

The presale could be the only time investors can purchase the Solciety tokens at a discount. It could become a leading PolitiFi coin as investors pay close attention to the presidential election in the United States. 

Thanks to its Meme Campaigner and other tools, Solciety could become a leading meme coin if it delivers on its promises.

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The Nailwal Fellowship, an initiative founded by Sandeep Nailwal, co-founder of Polygon, has opened its application process for its 2024 cohort. The fellowship aims to support the brightest minds in the web3 space by providing them with financial support, mentorship, and comprehensive resources to explore innovative web3 ideas and develop new crypto projects or startups.

Sandeep Nailwal is an Indian entrepreneur, software developer, and blockchain expert, but he’s perhaps best known for co-founding Polygon in 2017, which was initially known as Matic Network.

Polygon, a Layer 2 scaling solution, has grown into one of the most influential platforms in the blockchain ecosystem, offering scalable and user-friendly solutions for decentralized applications. Nailwal’s leadership and vision have been instrumental in Polygon’s evolution, making it a cornerstone of the web3 landscape.

The Nailwal Fellowship Program

Nailwal launched the inaugural Nailwal Fellowship last year, when 8 fellows received $50,000 each as well as a wealth of technical support, mentorship and networking opportunities to help get their innovative ideas off the ground.

Last year’s winners of the inaugural fellowship were:

• Adam Achebe: A Stanford Computer Science undergraduate focusing on liquidity challenges in the commodities industry.
• Ananya Kandelwal: An Indian student creating new payment rails for global commerce.
• Evgenii Danilenko: An Ethereum Foundation core developer working on advanced cross-chain infrastructure.
• Joe Frazier: Former CTO of an NFT aggregator building new data indexing infrastructure.
• J Paul Meyer: An ex-Goldman Sachs employee and Harvard graduate developing on-chain financial products.
• Remi Gai: A repeat founder working on a new layer 1 solution using homomorphic encryption.
• Shashank Yadav: An IIT Masters student and ML Engineer at Goldman Sachs creating a marketplace for AI data.
• Tomas Taylor: An HBS graduate and former Dapper Labs employee developing an open platform for AI agents​

Applications now open

Applications for the 2024 cohort are now open, with a deadline of 22nd July 2024​.

This year’s fellowship will again offer each of the chosen fellows a $50,000 grant, technical resources and support, mentorship, and access to a network of industry leaders and investors through Symbolic Capital, a venture capital firm Nailwal co-founded.

This support is designed to allow fellows to dedicate six months entirely to their projects, fostering innovation in the web3 space.

With a strong commitment to diversity and inclusion, the fellowship is actively working to recruit more female applicants, addressing the gender imbalance in the web3 sector. By collaborating with organizations like SheFi and H.E.R. DAO, it aims to create a more inclusive environment for future cohorts​.

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Impressive growth forecast is driven in part by growing demand for paysafecard deposits on online casinos

In an impressive financial turnaround, Paysafe’s recent quarterly financial results offered an annual revenue forecast of $1.7 billion for the payment provider for 2024, partly fueled by the rising popularity of Paysafecard deposits with online casinos. 

Paysafe’s Q1 financial results revealed first quarter net income of $3.1 million, a marked improvement from the $3.8 million loss it reported in the first quarter of last year. Bruce Lowthers, the fintech company’s CEO, attributed the impressive year-on-year turnaround to Paysafe’s white-label wallet strategy, its expanded sales team, and its renewed focus on enabling casinos and iGaming sites to allow deposits via Paysafe, particularly in the USA.

The company’s revenue for the first quarter grew by 8% year-over-year, reaching $417.7 million, while its adjusted EBITDA stood at $111.9 million, reflecting a 4% increase. This growth is primarily driven by the expanded use of Paysafecard, which is becoming an increasingly popular payment method for online gambling sites.

Paysafe’s Merchant Solutions segment saw an 11% rise in revenue due to substantial growth in e-commerce and small to medium-sized businesses. The Digital Wallets segment also experienced growth, fueled by the gambling sector and enhanced product engagement.

Strategic Partnerships Expected to Fuel Paysafe’s Growth

Bruce Lowthers highlighted the success of Paysafe’s strategic initiatives, including the expansion of its sales team and a new white-label wallet strategy through a partnership with Xsolla. These initiatives have significantly contributed to the company’s robust performance and optimistic growth prospects.

Paysafe’s financial outlook for 2024, with expected revenue between $1.688 billion and $1.712 billion and an adjusted EBITDA ranging from $473 million to $488 million, underscores its confidence in its sustained growth. The company’s strategic focus on the iGaming sector and its collaboration with major payment networks like Visa are expected to further drive its financial success.

Online Casinos Projected to Record CAGR of 11.7%

Highlighting Paysafe’s opportunities for growth, market projections for the global online gambling sector indicate that it will reach an annual value of $153.57 billion by 2030, at a compound annual growth rate (CAGR) of 11.7% over the next six years. 

This growth is driven by several key factors, including the increasing availability of free-play versions of online casino games and the adoption of advanced digital payment options.

Free-play versions of online casino games have proven to be a major draw for new users. These versions allow players to experience games without financial risk, which helps build trust and familiarity with online gambling platforms. This model also generates revenue through advertisements integrated within these free-play environments​.

At the same time, the growing availability of digital payment options, including blockchain-based solutions and digital wallet solutions like Paysafe, are removing friction, making it easier for players to deposit and withdraw funds. 

A significant portion of iGaming, approximately 75%, is already funded through digital payment methods such as Paysafe and cryptocurrencies​. As much as 40% of these payments are made via cryptocurrencies, reflecting their growing acceptance and convenience in the online gambling space​.

The combination of these payment innovations and the user-friendly nature of online casinos is contributing to the sector’s rapid expansion. This trend presents substantial growth opportunities for payment providers like Paysafe, which are well-positioned to capitalize on the increasing demand for secure, efficient, and versatile payment solutions in the iGaming industry​.

As the online gambling market continues to evolve, Paysafe’s strategic focus on enhancing its digital wallet capabilities and expanding its presence in the iGaming sector will likely drive sustained growth. The company’s ability to adapt to market trends and meet the needs of modern online gamblers positions it as a key player in the future of digital payments for online casinos.

 

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