Kategorie: Crypto Markets

• Tottenham Hotspur embraces blockchain technology, partnering with Chiliz for a Web3 fan token.
• Fans can participate in on-chain voting and enjoy club-related rewards with the upcoming $SPURS fan token.
• Stricter regulations from the FCA in the UK prompt disclaimers on fan token offerings, ensuring compliance and transparency.

Tottenham Hotspur has entered the world of blockchain technology by announcing its plan to issue a Web3 fan token, making it the first Premier League team to do so in two years.

The London-based football club is set to collaborate with the Chiliz blockchain, offering its fans a unique and engaging experience.

Chiliz Blockchain revolutionizing fan engagement

Spurs’ decision to tap into blockchain technology is driven by a desire to enhance supporter engagement and provide rewards through a Web3 fan token. This innovative move will be facilitated by Socios.com, a fan engagement platform built on the Chiliz blockchain, which has already garnered the interest of over 80 major sporting teams worldwide.

Tottenham Hotspur is coming to Chiliz Chain! 🌶️🤍

The Spurs Fan Token will launch on Chiliz Chain, the Layer 1 SportFi network. ⚽🏆

Tottenham joins 80+ major sporting teams that already use Chiliz Chain to host their own Fan Tokens. 🤝https://t.co/YntrbM68Yd$SPURS ⚡ $CHZ

— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) September 28, 2023

The Chiliz blockchain empowers teams to issue and manage fan tokens, digital collectibles, and real-world rewards while enabling fans to participate in decision-making processes related to their favourite teams, akin to decentralized autonomous organizations (DAOs).

This development aligns Tottenham Hotspur with other prestigious football clubs such as Manchester City, Arsenal, Barcelona, Paris Saint-Germain, Juventus, Inter Milan, AC Milan, Atlético Madrid, and A.S. Roma, all of which have embraced blockchain technology to revolutionize supporter engagement.

Tottenham Hotspur fan token launch

Tottenham Hotspur is set to launch its $SPURS fan tokens on October 4, 2023, providing fans with a unique opportunity to be part of the club’s digital ecosystem.

In addition to the fan token, Spurs will collaborate with MatchWornShit, a platform facilitating auctions of jerseys worn by players during games. The authentication of these auctions on the Chiliz blockchain ensures transparency and trust in the process.

Fan token holders will have a say in various team dynamics, including potential kit changes, through on-chain voting. The fan token will also introduce a range of club-related rewards and experiences, further engaging the fan base.

To ensure regulatory compliance, Socios users in the United Kingdom will start seeing disclaimers on fan token offerings from October 8th. This development is in response to the Financial Conduct Authority’s (FCA) oversight of crypto asset promotions, imposing stricter rules and emphasizing potential risks associated with cryptocurrencies and fan tokens.

Looking ahead, Tottenham Hotspur plans to integrate the fan token into its existing loyalty program and mobile app. This demonstrates the club’s commitment to providing its fans with an enhanced and seamless digital experience while fostering a stronger sense of community among supporters.

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• EOS Network Foundation has partnered with Upland and Aerial.
• The collaboration sees EOS become the first blockchain network to be “climate positive”.
• EOS uses a proof-of-stake (PoS) consensus mechanism.

EOS Network has reached a landmark milestone among blockchain networks as its vision of a green blockchain crystalised with the latest collaboration between the EOS Network Foundation (ENF) and Upland, a Web3 platform for the metaverse.

EOS is “climate positive”

Although EOS was already a carbon neutral chain, ENF’s collaboration with Upland and sustainability platform Aerial to push the EOS Network from being a carbon-neutral blockchain to one that’s now “climate positive.”

The move comes amid growing adoption of green energy even across proof-of-work blockchains like Bitcoin, around which there has been much debate on how to achieve more in terms of environmental sustainability.

For EOS, a proof-of-stake (PoS) blockchain, becoming “climate positive” means that the network’s activities extend past the quest for net-zero carbon emissions. It means the ecosystem is helping the wider efforts on climate by removing extra CO2 from the atmosphere. With all carbon dioxide produced on the network offset by carbon credits, EOS is moving a step further.

Other than focus on their carbon footprint, ENF and partners will look to offset emissions via sustainable projects. The companies will also promote other green practices, including afforestation.

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• The Memeinator (MMTR) has stormed past $200k a day after presale launch as sub-par memes scramble.
• Targeting meme coin dominance, the Memeinator seeks to leverage blockchain and AI to seek and destroy all the weak meme coins.
• MMTR will be available on cryptocurrency exchanges and trading platforms at the end of the presale.

As the broader crypto market slowdown seen over the past few weeks continues to impact altcoins, on-chain data has shown one notable feature of memecoins – a significant drop in trader interest.

Although Dogecoin, Shiba Inu and Pepe account for the most discussion rates, it appears investor attention is shifting to new projects in this space – and few look primed for the show as is the Memeinator (MMTR).

$200k presale milestone marks start of Meme “Terminator” reign

Less than a day after its presale went live, the Memeinator has raised over $237,000 from global investors.

The first stage, which had the native MMTR token priced at $0.01, quickly sold out as meme coin hunters allocated over $200,000 to the project. MMTR’s price is now up to $0.011 in stage two of the presale, and with interest skyrocketing, could be jumping to $0.012 within no time.

In terms of tokenomics, the whitepaper details a total supply of 1 billion MMTR, 65% of which will be available to early bird gem hunters via the presale. Interestingly, the team has planned an incremental distribution of presale tokens, giving a chance to those that might miss the early stages of MMTR token sale.

What is the Memeinator?

The Memeinator is a new meme coin that descends to the dystopian world of worthless meme replicas with one mission – to seek out and destroy the weak coins ruining the market. It’s a critical mission in an industry that has over 500 meme coins, most of them useless imitations of some of the top picks such as DOGE, SHIB and PEPE. 

Leveraging blockchain and artificial intelligence, the Memeinator will bring the era of chaos to a close with judgement for every sub-par meme token. 

As it renders judgement to the smaller coins, the Memeinator will look to tap into an innovative AI-powered marketing tool to target the $1 billion market cap. The next goal will be to build momentum towards challenging meme world top coins, but that will happen once the small dogs and frogs are out of the way.

Memeinator’s roadmap to dominance

To achieve its mission, the Memeinator will seek milestones as highlighted on its roadmap. Currently, the presale is part of phase 1 of the new era that includes blockchain development and community building.

As it charts the course of its expedition, the Memenaitor’s phase 2 will involve the unleashing of the terminator via launch of MMTR on popular exchanges and DEXs. Key partnerships will be sought to add to the traction, with staking and NFTs launch to follow. 

In stage 3, the Memeinator will be ready to search and destroy weak memes through the launch of Memescanner and the Memeinator game: Warfare. These products bring real utility to the ecosystem.

Meme domination comes in stage 4 of the roadmap where the world is now rid of all the unworthy memes. The market cap of this token is forecast to have grown to $1 billion, with MMTR listing on the world’s largest crypto exchanges marking the beginning of judgement for the current market’s meme coin big fish.

Learn more by visiting the project’s website or you can join the presale here to buy Memeinator (MMTR). 

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• Uniswap Foundation is requesting for $62.37 million to support growth of the Uniswap ecosytem.
• An on-chain vote on the foundation’s proposal will be taken on Wednesday, October 4, 2023.

The Uniswap Foundation has submitted a governance proposal requesting for $62.37 million funding as it looks to continue supporting the Uniswap’s ecosystem growth.

Uniswap Foundation eyes $62.37 million funding

Today’s proposal follows last year’s request that asked for $74 million in funding to create the Uniswap Foundation. A governance vote granted the proposal, with funds split in two tranches as had been requested. 

At the time, the idea was that the second of the tranches would be requested via an on-chain vote – which is what the UF has done.

“The reason for breaking our funding into two tranches was to allow for the UF to finalize the completion of its legal entity, and to formally receive non-profit 501(c)4 status from the IRS (and thus receive clarity on tax implications), prior to receiving the larger portion of funds. We are pleased to have received that status in Spring of this year,” said Devin Walsh, Executive Director and co-founder of Uniswap Foundation.

10% more funds to mitigate price risks

The initial proposal had the UF receiving $20 million in the first tranche, with 2,547,002 UNI tokens requested. However, a 13.7% dip in the price of UNI after the request – from $8.14 to $7.05 – saw the group receive only $17.3 million.

To mitigate any potential price volatility, the foundation wants the final share of the funding to have a 10% buffer. This means adding an extra $5.67 million to the $56.7 million that remained from the $74 million granted. The UF has thus asked for $62.37 million, setting a one week on-chain vote for the proposal on Wednesday, October 4.

According to Walsh, the Uniswap Foundation plans to use the money to support the Uniswap ecosystem, splitting the $56.7 million into two categories – operations and grants. The funds will be used in employee compensation packages, developer support, providing a 6-month runway in cash and investment in low-risk yield bearing assets.

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