Connect with us

Crptocurrency

DegenLayer Introduces The First Memecoin Focused Blockchain

Published

on


Luxembourg, Luxembourg, November 21st, 2024, Chainwire

DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem.

The project’s developers project daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million. With low transaction fees and a streamlined user interface, DegenLayer seeks to provide a gateway for mainstream users to engage in blockchain-based trading and creation.

The project’s native token $DELAY was fair launched on Uniswap last week, and is set to be listed on one of the top 15 CoinGecko-ranked exchanges next week, providing access to the token to their 10 million+ user community.

The project is powered by a 60+ person team behind notable successes including PunksClub.io the CryptoPunk social network, Music.com (developed with Pharrell Williams), and AAA games like The Witcher 3 and Dying Light 2. The founding team previously achieved remarkable success with SuperBid, driving token value from $0.01 to $12 in 2021.

“Our proven track record in both Web3 and gaming demonstrates our ability to deliver compelling user experiences,” says Jacob Rylko, Co-Founder & CEO. “With DegenLayer, we’re leveraging our existing reach of 3 million+ users through our Telegram mini-app, Firecoin, to accelerate adoption.”

Key features and projections:

  • Innovative “Pump Technology” with 50% of revenue allocated to viral user rewards, $DELAY and memecoin buybacks
  • Viral referral program projecting $100,000 daily reward distributions
  • Seamless integration with Telegram’s 1B+ user base via a mini app
  • One-click memecoin creation and trading interface for non-crypto users
  • Transaction fees below $0.01 with 2,000 TPS capacity

DegenLayer’s launch represents a significant milestone in making memecoin trading accessible to mainstream users while leveraging established Optimism infrastructure, the same that is used by Coinbase’s BASE Layer 2.

About DegenLayer

DegenLayer is a trading terminal and Ethereum Layer 2 blockchain designed to make memecoin trading accessible to mainstream users. Built on Optimism technology, the platform offers low-cost, high-speed transactions and a zero setup interface for memecoin trading and creation. Backed by a team with expertise in Web3, gaming, and entertainment, DegenLayer aims to bring innovative blockchain solutions to the global market.

For more information about DegenLayer and its revolutionary approach to memecoin trading, users can visit https://degenlayer.wtf. Media inquiries can be directed to contact@degenlayer.wtf.

Contact

CEO
Jacob Rylko
DegenLayer
contact@degenlayer.wtf

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crptocurrency

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Published

on

By









USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products – BitcoinWorld


































Source link

Continue Reading

Crptocurrency

Bybit x Block Scholes Quarterly Institution Report: Markets Anticipate Watershed Moments as Trump Returns as the “Crypto President”

Published

on

By









Bybit x Block Scholes Quarterly Institution Report: Markets Anticipate Watershed Moments as Trump Returns as the “Crypto President” – BitcoinWorld
































Source link

Continue Reading

Crptocurrency

Prom Announces Mainnet Launch Bringing Better Blockchain Scalability

Published

on

By


Seoul, South Korea, November 21, 2024  – Prom, a scalable network based on Polygon SDK, today announced the launch of its mainnet, following an extensive testnet campaign that saw over 25,000,000 transactions and 2,000,000 unique wallets interacting with a chain. This milestone is a step forward in blockchain scalability, as Prom leverages zero-knowledge proof technology to deliver enhanced throughput, optimized transaction costs, and advanced security.

Prom’s solution addresses the most prevalent problems of modern networks by utilizing ZK-based architecture, which until now have not been widespread due to technical complexity. Its architecture ensures the needed speed, level of security, and seamless interaction with the chain, reducing friction for users and granting developers a flexible framework for building a diverse range of dApps.

“We’re thrilled to open a new chapter for Prom and streamline the expansion of our ecosystem by welcoming developers and users to interact with the chain,” said Iva Wisher, COO of Prom. “We’re committed to constant efficiency improvement, transmitting scalability and convenience of everyday on-chain actions, and we are looking forward to welcoming a wave of products built on our network.” 

The Prom network was developed in collaboration with industry leaders such as Polygon, DWF Labs, Ankr, Goldsky, Automata, and Blockscout to ensure the highest standards of performance and security.

The native network token, $PROM, is powering the Prom network. Listed on Binance, HTX, KuCoin, Gate.io, Upbit, and AscendEx, $PROM is driving fast on-chain interactions, and serving as the governance token for the Prom DAO. Through this community-driven governance model, users are empowered to help shape the future of the Prom ecosystem while benefiting from a percentage of the total network fees.

The mainnet launch opens new doors for developers seeking a platform for building decentralized applications (dApps). With a grant-based support mechanism in place, developers can utilize Prom’s platform to be an ideal environment to easily build and deploy, unlocking greater product scalability and reducing the barriers to entry for development. For users, Prom’s technology ensures lower transaction fees, strong security, and enhanced decentralization. 

 

About Prom

Established in 2019, Prom has rapidly grown with innovative products across GameFi, SocialFi, Influencer Marketing, DeFi, and more. Prom looks to address critical shortfalls in various markets, setting the standard for capturing a large share of the market, by introducing its own solution to effortlessly unite diverse product sectors.

Prom creates a competitive landscape for advancing blockchain adoption, enhancing network security, decentralization, and efficiency.

 

Media Contact

Max Kan

CMO

mvk@prometeus.io

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



Source link

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.