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Blockchain RPG Game Mech Master Set for Private Sale as IDO Approaches

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Mech Master


Battle-based RPG game Mech Master will conduct a public sale of its native token ($MECH) via the Red Kite and GameFi Launchpads on October 24. The turn-based strategy game, which compels players to “build their own territory with future technologies and protect their homeland,” features inbuilt earning opportunities through staking, land sales, and its very own NFT marketplace.

MECH Mania Set to Grip GameFi Community

A private sale will precede the public offering, with each private pool allocated $100,000 in tokens. The public sale, meanwhile, will have a hard cap of $70,000. The whitelist for both launchpads is still open, with the RedKite IDO price set at $0.03 and GameFi’s IGO (Initial Game Offering) price set at $0.04. Further details about the public and private pools can be found here, and the team has also compiled a whitelisting tutorial for those interested in participating.

The appearance of Mech Master on both launchpads reflects the broad appeal of the game. While Red Kite is a PolkaFoundry-powered platform backed by an extensive network of marketing partners and influencers, GameFi is the industry’s first dedicated IGO launchpad, an all-encompassing hub for the fast-growing game finance sector.

Mech Master aims to establish itself as an industry leader in play-to-earn (P2E) robot gaming, where players can earn revenue through both clever gameplay and tactical crypto trading. Announced to the world this past August, the immersive game’s plot is as old as time: collect giant fighting machines (known as “Mecha”) and futuristic weapons to save the world. OK, perhaps it owes much to the Transformers franchise of comics and movies – but Mech Master is very much rooted in the cryptosphere. That means 2D and 3D items with real-world value, the ability to rent and trade NFTs, and even earn rewards for winning battles and assembling the most badass Mecha.

An Augmented Reality (AR) demo version is even in the works, suggesting Mech Master may eventually constitute an immersive reality of its own. “Do you want to try to experience yourself standing on the battlefield of giants like in a sci-fi movie?” asks Project Manager Hikari Mai. “If the answer is yes, you cannot miss this feature.”

In truth, Mech Master seems tailored for the metaverse right out of the box. Not only are the visuals otherworldly (a prerequisite, it should be said, for a sci-fi game) but there is an enormous library of in-game collectibles that can be found, unlocked, bought, sold and won – everything from Mecha body parts, pilots and virtual land to equipment, lightsabers, energy cannons and vehicles. Naturally, the game’s pioneers will be hoping that as it attracts more players, such items will become highly valuable in the lucrative secondary market.

The game even has its own annual World Cup, wherein players can compete for a treasure chest of valuable prizes. Gamers can also build a moonbase land plot and create their own economy by constructing specialized facilities to be used by other players. Speaking of construction, it’s possible to build a special battlefield – then charge other players a fee for the privilege of going to war within.

NFT Rally Fuels Innovation in GameFi Space

Created by a talented team of crypto, gaming and blockchain veterans, and backed by some of the biggest VC firms in the space (Icetea Labs, Magnus Capital, AU21, MiH Ventures), Mech Master is arriving at a time when NFTs and blockchain gaming are positively booming: not only has Hong Kong-based blockchain game developer Animoca Brands just achieved an eye-watering $2.2 billion valuation, but NFT sales in Q3 surged to $10.7 billion – an eightfold increase from the previous quarter.

While it’s anyone’s guess how the NFT/gamefi space evolves over the coming 12-18 months, the Mecha Master team has published an ambitious roadmap that takes it up to Q4 2022. By this time, the project will feature its own decentralized autonomous organization (DAO) and launch on other chains (Polkadot, Ethereum), opening it up to an even wider audience.

If the creators get their way, Mech Master will have a presence throughout the world, spreading through word of mouth among hardcore gamers and crypto evangelists. Despite being months away from a full launch, Mech Master communities are flourishing so much that a team of 15 are tasked with managing them.

For now though, all hands are to the wheel in preparation for this weekend’s token sales on Red Kite and GameFi. Is Mecha headed for the moon? Time will tell.



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Regulation

Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says – Regulation Bitcoin News

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Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says


High rates of crypto ownership, with purchases often made on advice from Youtube and Facebook, make “a strong case for regulation,” according to the Australian Securities and Investments Commission. The watchdog backs its stance with poll results showing nearly half of retail investors in Australia keep one coin or another.

Australian Securities Regulator Pushes for Rules to Protect Cryptocurrency Investors

Pressure on Australia’s new Labor government is mounting, to put an emphasis on consumer protection as it takes over a task from the preceding conservative government to adopt a regulatory policy regarding digital assets like cryptocurrencies. A years-long study on the matter, initiated by the former cabinet, is yet to answer the relevant questions of whether and how to do that.

According to a survey conducted by the Australian Securities and Investments Commission (ASIC) in November, 44% of over 1,000 retail investors admitted to holding cryptocurrency. The results indicated that crypto is the “second most popular investment after Australian shares,” Reuters noted in a report. A quarter of the polled investors who held digital coins said they were their only investment.

Statistical data suggesting high rates of cryptocurrency ownership in Australia were dismissed last year by a top central bank official who referred to the numbers as “implausible,” the news agency remarks. But ASIC believes they make “a strong case for regulation.”

Another argument for that, besides the high popularity of crypto, is the finding that 41% of respondents sought investment insight online, with a fifth of those polled naming the video sharing platform Youtube and at least one in ten pointing to the leading social media network, Facebook. Only 13% gained their info from a financial adviser or broker.

ASIC Chairman Joe Longo expressed the Commission’s concerns about the large number of participants in the survey who reported investing in what he described as “unregulated, volatile crypto-asset products.” The high-ranking official further elaborated:

There are limited protections for crypto-asset investments given they have become increasingly mainstream and are heavily advertised and promoted. There is a strong case for regulation of crypto-assets to better protect investors.

The survey was conducted in the same month when bitcoin (BTC) and ether (ETH), the two most popular cryptocurrencies, hit record highs, Reuters remarks. The prices of both coins have since dropped by about two-thirds, while the Australian stock market is down about 6%.

Part of the reason for that can be found in interest rate hikes that have likely convinced investors to exit speculative assets. Their retreat helped cause the latest crypto market slump and led to the bankruptcy of a number of businesses built around cryptocurrencies.

The popularity of crypto among Australian investors has attracted the attention of other government agencies as well. Earlier this year, the Taxation Office listed crypto-related profits among several priority areas where efforts are needed to ensure correct reporting. The authority reminded taxpayers they need to calculate any capital gains from the sale of coins and tokens and declare it with their tax returns.

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ASIC, Australia, australian, commission, Consumers, Crypto, crypto assets, Cryptocurrencies, Cryptocurrency, Facebook, Investments, Investors, Poll, Protection, Regulation, Regulations, regulator, rules, Securities, Social Media, Survey, watchdog, YouTube

Do you expect Australia to adopt restrictive regulations for cryptocurrency investment? Share your thoughts on the subject in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.




Image Credits: Shutterstock, Pixabay, Wiki Commons, Ms. Li

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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Polygon Accommodate 37,000 DApp, Scoring 400% This Year

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should I buy Polygon crypto


Since the beginning of 2022, the number of decentralized apps (DApps) on the Ethereum scaling platform Polygon has surged 400%, hitting 37k. According to a blog post from partnered Web3 development platform Alchemy published by the Polygon team, the 37,000 figure signifies the total apps produced on both the testnet and mainnet.

At the end of July, there were 11.8k monthly active teams, a sign of blockchain developer involvement, a 47.5% increase from March. In addition, the project team offered an overview of dApp projects, noting that “74% of the teams are entirely integrated on Polygon.”

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The Reason Behind Its Surgence

Their collaboration with Alchemy was the driving force behind the expanding number of DApps. The Polygon team noted earlier this year that the increased amount of DApps being developed on the network was a major contributing reason.

~500 dApps in November, now 37,000+ with 11.8k active teams.

“Many projects are increasingly choosing to build solely on Polygon. Alchemy data shows that 74% of teams integrated exclusively on Polygon”

This is because the Web3 platform’s infrastructure makes it “far easier for Polygon developers” to construct DApps.

Cooperation by Polygon and Alchemy Support dApps

The cooperation launched by Polygon and Alchemy in June 2021 aided in increasing the number of dApps on the network from 3,000 in October to 7,000 in January to over 19,000 in April.

Polygon’s native asset, MATIC, has risen by 66.3% in the last month as cryptocurrency markets have turned green and recently exhibited signs of a possible positive revival. MATIC is presently the sixteenth most valuable cryptocurrency asset, having a market capitalization of $6.9 billion.

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Polygon (MATIC) Price and Tokenomics

The current price of Polygon is $0.9241, with a 24-hour trading volume of $498 million. Polygon’s value has risen by 2.50% in the last 24 hours. MATIC is now the world’s 13th most valuable company, with a market capitalization of $7.6 billion.

It can hold up to 10,000,000,000 MATIC coins, but currently only 8,035,303,935 MATIC coins are in circulation.

Polygon (MATIC) Technical Outlook

MATIC Price Chart
MATIC Daily Price Chart – Source: Tradingview

The MATIC/USD is currently trading at $0.9241 after consolidating in a narrow range of $0.8844 to $1.0001. Given the recent 400% increase in dApp registrations on the Polygon network, MATIC may experience a bullish trend.

A surge in MATIC demand could pierce the $1.0001 resistance level, exposing the MATIC price to the next target area of $1.1330. Further to the upside, MATIC’s next resistance level will be $1.2770.

The leading indicators MACD and RSI indicate divergence, with one indicating a buying trend and the other indicating a selling trend. However, the 50-day EMA is in support of a buying trend.

On the support side, MATIC at $0.8844 is likely to be supported by the upward trendline. On the other hand, a bearish breakout could push Polygon’s price down to $0.7635. Consider staying bullish above the $0.7635 level and vice versa. Good luck!

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Cosmos Hub Soars Over 5% Within 24 Hours

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Cosmos


Cosmos (ATOM) coin buyers have clasped on the $10 level as its support zone.

  • Cosmos (ATOM) coin soars by over 5% as seen in the past 24 hours.
  • ATOM still fluctuates wildly as observed in the upwards parallel channel.
  • Coin’s price has made impressive traction and surged by 13% in the past week.

According to CoinMarketCap, ATOM is having a sweeping uptrend at $12.09 or an impressive spike of 4.46% as of this writing. Currently, ATOM’s ATH is set at $44.45 which means the bulls have to work a bit harder than usual to push the price further up.

ATOM’s Trading Volume Spikes 102.0% In Past Week

The daily chart shows the volatility and price movement for Cosmos Hub (ATOM). Currently, ATOM’s trading volume has spiked by 102.0% as seen in the past week. The total circulating supply or volume of ATOM has however dropped by 0.27%. As of now, ATOM ranks as the 28th largest crypto in terms of the market cap which is currently at $3.47 billion.

It seems the bears moved away from ATOM as the bulls continue to drive the price higher. Cosmos Hub has had an impressive rally seen in the past couple of weeks due to aggressive buying pressure. ATOM coin is seen to be consistently moving upwards for the past few weeks. More so, the bulls were also re-energized after they revisited the coin’s support line.

In the event that the buyers breach ATOM’s resistance zone, the buyers are optimistic about a 60% ROI in the coming days. Buyers are definitely pushing the price up with $10 poised as the support zone and the $12.5 level as the bullish hurdle.

Cosmos: $20 On Target

Buyers are constantly eyeing the next resistance zone as a breach on this level may propel the asset’s price to an uptick peaking at $20.

ATOM’s market cap has spiked by 4.8% overnight or registered at $3.4 billion. The increase in trading volume also hints at the surge of buying momentum. ATOM’s RSI also shows that it was able to break the falling trendline and near the oversold mark. Moreover, the coin’s MACD also indicates a bullish movement for ATOM.

Buyers are looking forwards to the bulls breaching and hovering above the resistance zone of $12.5. Despite the hurdles that the bulls face, buyers are positive that a 60% spike is possible from the current level and may in fact pump the price to $20.

ATOM total market cap at $3.35 billion on the daily chart | Source: TradingView.com

Featured image from CoinCentral, Chart from TradingView.com



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