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Super DeFi lending platform layer announced to be launched soon

Published

4 years ago

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On April 29 (UTC + 8), Layer announced on its official Twitter that the lending products will be launched on the official website on May 7, and the first month of mining will start simultaneously. Layer is a new DeFi platform based BSC that supports BEP-20 full-currency deposits and loans. Users can get $LAYER when they participate in deposit and provide liquidity. In the first month, the $LAYER product only had 200,000. In the first week is deposit mining, users can participate in mining by depositing BUSD-T (USDT based on BSC), and liquidity mining will increase in the second to fourth weeks. Users provide LAYER on pancakeswap Liquidity can participate in mining.

The number of releases in the first month is as follows:

What is layer

Layer protocol is a money market smart contract which supports all kinds of BEP-20 standard token assets. Users can deposit any BEP-20 token in the contract and gain interest yield from borrowers. Matching the demand of borrowing, users need to deposit supported assets as collateral before lending money from Layer.

Layer has many advantages compared to mainstream competitors:

Widely adopted all kinds of BEP-20 standard token assets.

Risk isolated among difference pools.

Creating the ability to go margin short on a large variety of tokens. 

Fair launch with no pre-mining.

Founctions

A.Lending
Users can deposit their assets in the following steps:

a.Access to https://app.layer.cash , connect with your wallet.(BSC MetaMask setup guidance).

b.Selected a specific market in the top list.

c.Choose the assets which you want to deposit and then click the ‘Approve’ button.

d.While the assets are approved, you may click the ‘Deposit’ button and finish the whole process.

B.Borrowing
Layer protocol allow users to deposit assets as collateral and borrow other assets against this in the following steps:

a.Deposit assets with the upon process.

b.Enable your deposit assets as collateral.

c.Click the ‘Borrow’ button on the right side of the assets list and input the amount of money you needed. (Be aware of the liquidity risk and keep your borrow balance quite a distance from the borrow limit.)

C.Liquidation
While the collateral assets’ price dropped, it would make the borrower’s collateral value less than the unpaid debt balance. Under those conditions, borrower’s collateral assets will be listed on the liquidation list. Anyone can repay the debt and get 10% volume of the debt as incentive rewards which are paid by the borrower.

D.Mine

a. Deposit mining

Save the token from the wallet into layer to get L_ Token, and then L_ The token is mortgaged to the ore pool for mining.

b. Liquidity mining

Token Economic

A.Token info

Token symbol: LAYER

Fully diluted: 100 million

Contract address: https://www.bscscan.com/token/0x11d4b86559362caf5fd0e05660cba4d3adcb42ed

B.Token functions

$LAYER token holders will be able to participate in protocol governance via off-chain votes. Various parameters(collateral ratio, close factor & etc.) could be changed by governance vote.

C.Distribution methods
$LAYER will be launched with no pre-mining and eventually fully controlled by the DAO( 80% of the total supply). The remaining 20% will be allocated to eco funds (10%) and core dev team incentives (10%). The full dilution duration will be 4 years with the following details.

In the second week, the $layer-busd is stored in the flow pool of pancakeswap through layer, and the LP is obtained and stored in the pool of layer for mining

As a super lending platform, layer absolutely has the strength to work in DeFi.

According to the official mediun, The Layer Protocol is a DeFi loan agreement supporting all currencies, and it is the first step for Layer Labs to make the layout of the DeFi ecology. The vision of Layer Labs is to build an ecological framework based on Layer, link and build a complete DeFi ecosystem and promote the implementation and future planning of decentralized finance.

Layer has unlimited potential. We should pay more attention to it. Those who are interested can learn about it !

Web:https://layer.cash/

Twitter：https://twitter.com/layerdotcash

Telegram：https://t.me/layerofficial

Medium：https://layerofficial.medium.com/

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Press Release

Megabit Exchange Unveils 2025 Roadmap Leading Innovation and Fulfilling Social Responsibilities

Published

20 minutes ago

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December 26, 2024

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Megabit Exchange Unveils 2025 Roadmap: Leading Innovation and Fulfilling Social Responsibilities

Canada, 26th Dec 2024 –As 2025 approaches, the cryptocurrency industry is entering a new phase of rapid development, technological innovation, and increasing societal acceptance. Amid intensifying global competition, Megabit Exchange stands out as a leader, combining cutting-edge technology, unparalleled security, and a strong focus on social responsibility. This announcement explores key trends in the cryptocurrency market, highlights Megabit Exchange’s core strengths, and outlines its ambitious 2025 roadmap, which includes upcoming charitable initiatives.

 

 

Trends Shaping the Cryptocurrency Market

The cryptocurrency market is evolving rapidly, driven by several notable trends. Decentralized finance (DeFi) and Web3 technologies are fostering financial transparency and inclusivity. Institutional adoption has reached unprecedented levels, bringing liquidity and credibility to the market. Blockchain scalability and security have significantly improved with advancements like Layer-2 solutions and quantum-resistant cryptography. Regulatory frameworks are becoming clearer globally, providing a stable environment for investors and businesses. Meanwhile, retail investors are making a significant impact, thanks to accessible platforms and widespread educational resources.

Megabit Exchange’s Competitive Edge

Megabit Exchange has solidified its position as an industry leader through superior technology, robust security, compliance, and user-focused services. The platform incorporates advanced encryption, AI-driven anomaly detection, multi-signature wallets, and cold storage solutions. In addition, Megabit operates transparently, achieving compliance in major markets across North America, Europe, and Asia, further reinforced by regular audits.

Megabit’s offerings include a diverse range of assets, from major cryptocurrencies to emerging tokens, staking services, and NFT trading. With deep liquidity pools and a user-friendly interface, Megabit caters to both seasoned investors and beginners.

2025 Roadmap

Megabit Exchange’s strategic focus for 2025 spans three key areas: technological innovation, market expansion, and social responsibility.

Decentralized Exchange (DEX) Integration
Plans are underway to launch a DEX within its ecosystem, providing non-custodial wallets and liquidity aggregation, combining the benefits of centralized and decentralized trading.

Emerging Market Expansion
Efforts will target regions like Africa and Latin America, with the establishment of local offices and partnerships to drive blockchain adoption and empower communities through educational programs.

Launch of Megabit Academy
The academy will provide online courses ranging from blockchain basics to advanced cryptocurrency trading, helping users enhance their knowledge and expertise.

Artificial Intelligence Integration
Development of AI-powered tools to optimize risk management, predict market trends, and deliver personalized recommendations to users.

Commitment to Sustainability
Investments in green energy projects and support for eco-friendly blockchain networks, along with carbon offset programs, will contribute to reducing the industry’s environmental impact.

Charitable Activities and Summit

While focusing on technological and market advancements, Megabit Exchange is also committed to social responsibility. In 2025, the platform will host a global charity summit aimed at empowering underprivileged groups. The summit will focus on themes such as self-sufficiency, vocational training, and digital economy education, creating opportunities for these groups to achieve better lives.

In addition, Megabit plans to roll out a series of charitable initiatives, including funding community projects, promoting technology education in under-resourced areas, and helping youth gain blockchain-related skills. These efforts reflect Megabit’s ambition to drive technological progress while fostering a more inclusive and sustainable society.

Driving Industry and Social Progress

Megabit Exchange stands out in the competitive cryptocurrency market by striking a balance between technological innovation and social responsibility. Its 2025 roadmap not only emphasizes advancements in technology and services but also demonstrates a commitment to creating a positive societal impact through its charitable summit and initiatives. As a pioneer in the industry, Megabit is dedicated to shaping the future of blockchain technology while contributing to the greater good.

Visit the official Megabit Exchange website for more information.

 

Media Contact

Organization: Megabit tech ltd.

Contact Person: Jane Doe

Website: https://www.megabit.vip/

Email: Send Email

Country: Canada

Release Id: 26122421853

The post Megabit Exchange Unveils 2025 Roadmap Leading Innovation and Fulfilling Social Responsibilities appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

MEXC Launches the Meme+ Zone: Unlock Early Opportunities in Trending Memecoins

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36 minutes ago

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December 26, 2024

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Seychelles, December 26, 2024 — MEXC, the world’s leading cryptocurrency trading platform, officially launches the Meme+ Zone on the app.

About The MEXC Meme+ Zone

The MEXC Meme+ Zone focuses on trending on-chain projects, combining the advantages of spot trading and on-chain transactions. With the adoption of an order-book model, the platform ensures strong token liquidity, significantly reducing slippage and enabling faster and more efficient trades.

In the Meme+ Zone, users can seamlessly trade high-potential early-stage memecoins without requiring a Web3 wallet, private key, or seed phrase. By introducing this new feature, MEXC aims to provide users with a specialized trading area, offering access to a broader range of trading options and early investment opportunities in popular on-chain projects.

Why Choose the Meme+ Zone?

  • Simplified Selection: The Meme+ Zone acts as a “coin hunter’s paradise,” curating trending memecoin projects to save users the hassle of monitoring complex data, making investments more straightforward.
  • Lower Barriers to Entry: No need for a Web3 wallet, private key, or seed phrase, reducing technical complexity and lowering the risk of asset loss.
  • Efficient Trading: The order-book mechanism ensures smooth transactions and eliminates the high slippage often seen in decentralized exchanges.
  • Early Access to High-Reward Opportunities: Projects in the Meme+ Zone that meet MEXC’s listing standards can transition directly to the spot market, enhancing liquidity and providing timely access to promising tokens.

Meme+ Launches Its First Wave of Listed Tokens

The Meme+ Zone launches with an exciting selection of 13 memecoin projects. SKI, FAI, GAMEVIRTUAL and CONVO are based on the Base Network, while the following tokens are on the Solana Network: STNK, M3M3, APPLE, UFD, TRUST, DRUGS, YNE, LOU, and TRISIG.

MEXC’s Meme+ Zone combines centralized efficiency with on-chain advantages, staying aligned with the memecoin trend and reinforcing MEXC’s image as a trendsetter in the cryptocurrency industry.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website | X | Telegram | How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article about cryptocurrencies is for market analysis purposes only and does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions. 

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Press Release

ION Mining Revolutionizes Cloud Mining: Simplifying Cryptocurrency Mining for Everyone

Published

36 minutes ago

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December 26, 2024

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Scotland, UK, 26th December 2024, ZEX PR WIRE, ION Mining, a leading innovator in the cryptocurrency space, is proud to announce its latest advancements in cloud mining technology, making the process more accessible and user-friendly for individuals around the globe. With a mission to democratize cryptocurrency mining, ION Mining is breaking down barriers and empowering users of all experience levels to participate in the rapidly growing digital asset ecosystem.

Cloud mining has traditionally been a complex and resource-intensive process, often requiring significant technical knowledge and expensive hardware. However, ION Mining has developed a streamlined platform that eliminates these challenges. By leveraging cutting-edge technology and an intuitive interface, the company ensures that anyone can start mining cryptocurrencies with just a few clicks.

“Our goal is to make cryptocurrency mining simple, transparent, and accessible to everyone,” said, CEO of ION Mining. “We understand that many people are interested in exploring the world of digital currencies but are deterred by the perceived complexity. With our platform, we’ve removed those barriers to entry, enabling users to mine effortlessly from the cloud.”

Key features of ION Mining’s platform include:

– User-Friendly Interface: Designed with simplicity in mind, the platform allows users to set up their mining operations quickly and efficiently, even if they have no prior experience.
– Cost-Effective Solutions: By utilizing cloud-based resources, users can avoid the high upfront costs of purchasing and maintaining mining hardware.
– Transparency and Security: ION Mining provides real-time performance tracking and detailed reports, ensuring users have full visibility into their mining operations. Advanced security measures also protect user data and assets.
– Sustainable Practices: The platform is committed to environmental responsibility, employing energy-efficient solutions to minimize its carbon footprint.

Whether you’re a seasoned cryptocurrency enthusiast or a newcomer looking to explore the potential of digital assets, ION Mining offers a seamless way to participate in this exciting industry. The company’s innovative approach is already garnering attention from tech experts and investors alike.

About ION Mining:
ION Mining is a forward-thinking technology company dedicated to simplifying cryptocurrency mining through innovative cloud solutions. With a focus on accessibility, transparency, and sustainability, ION Mining is paving the way for a more inclusive digital economy.

Company Name: ION Mining Investment Company

Company official website: https://ionmining.com/ 

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