Solanax: Redefining the DeFi sector

Decentralized finance has undergone somewhat of a boom over the last year. The advancement in blockchain technology and a global distrust of the traditional banking system have meant that the DeFi sector, according to Statista, had more than $80 billion of crypto locked during May 2021, a sizeable leap from the $15 billion locked as of December 2020. Therefore, it is no coincidence that as crypto boomed, so has DeFi. More people, financial institutions and even governments have joined the DeFi evolution, with El Salvador most recently becoming the first country to adopt Bitcoin (BTC) as legal tender. DeFi continues to see innovations and new projects that make transactions faster, cheaper and more accessible. Among them is Solanax. Solanax is an exciting new decentralized blockchain-based automated market maker built upon the innovative Solana protocol. Its vision is to take DeFi to new levels by providing the fastest, cheapest decentralized exchange without the need for any third-party involvement, ensuring that users in the Solanax ecosystem can trade without censorship or risk losing ownership of their assets. The Solana effect Solanax manages to provide the solution to existing issues surrounding DeFi. Everybody knows that the Ethereum mainnet proof-of-work consensus has major design flaws. It is slow, hard to scale, and has high transaction fees. To fix these problems, Solana was chosen as the underlying blockchain because it is the fastest-growing ecosystem in the crypto world in 2021. With the ability to provide an incredible 50,000 transactions per second, this permissionless, high-performance blockchain based on a proof-of-history consensus enables low-cost and high-speed transactions like no other. No more high gas fees. By using Solana, the Solanax platform offers near-zero fees to provide liquidity to an AMM pool, farm the liquidity provider token, and harvest the rewards. No more liquidity issues. Because liquidity providers prefer one exchange over another, traders will not have to pay for any slippage on the decentralized exchange with its limited liquidity. Limit orders. Regular AMMs will allow you to state the number of tokens to be traded and the amount of slippage. However, should the conditions not be met, the order and gas fee are wasted rather than waiting for a transaction to proceed. And if anyone has any doubts about the long term viability of Solana, one just has to look at the $314 million invested into Solana’s latest funding round, which was led by Andreessen Horowitz, one of Silicon Valley’s most prominent venture-capital firms, and Polychain Capital, a crypto hedge fund that also does VC-style investments. This was the crypto world saying it believes in Solana, giving a well-backed nod to its long-term success and the belief that Solana is widely expected to establish the new crypto standard for DEX platforms. The Solanax ecosystem Although it’s still in very early stages, there are a clear roadmap and project goals for Solanax. Within the Solanax ecosystem, there is more than just a lightning-fast and cheap DEX. Liquidity providers are incentivized to provide liquidity to low-volume assets for higher rewards, as they receive a share in direct proportion to the volume they provide to the pool. The DEX fee distribution is 0.3% for the taker and 0.2% for the maker. Solanax, as well as providing the fastest DeFi protocol presenting AMM and DEX, uses a wormhole bridge to access the entirety of crypto assets generated on the Ethereum network. The Wormhole is not a blockchain network, so it can safely depend on consensus and finalization of the chains that it bridges. Solanax is truly decentralized. All guardians perform the same computation upon observing an on-chain event and sign a so-called Validator Action Approval. Should a two-thirds majority of all guardian nodes observe and sign the same event using their individual keys, then it is automatically validated by the Wormhole contracts on all chains and triggers a mint/burn. A Solana (SOL) wallet will be required to store your funds on the Solana blockchain and utilize with Solanax’s features  SOLD is the native token of the Solanax ecosystem. With a total supply of 80,000,000 SOLD tokens, the distribution is: 5% team tokens, 15% liquidity, 15% staking, 25% private sale and 40% public distribution. Get into Solanax early and secure the rewards The next-level liquidity offered by Solanax is already proving to be a hit in the crypto world. As soon as private sales were announced, a large, growing and enthusiastic community sprung up immediately. Early adopters are rewarded with platform incentives, with 40% of their total token supply allocated to them. The ongoing private and public initial DEX offering on Solstater has garnered a wealth of interest. It is worth checking its active social media accounts for further information on the airdrop, initial exchange offering and private sale. The private sale began on June 6 and ends on June 25. To enquire, you can contact: sales@solanax.org. In the first airdrop, 2,000 people will share a prize pool worth $50,000 of SOLD tokens, the details of which can be found here. Source:-https://cointelegraph.com/press-releases/solanax-redefining-the-defi-sector
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PlanetWatch Announces the Listing of the PLANETS Token on Bitfinex Exchange

 Planetwatch, a French start-up which decentralizes and incentivizes environmental monitoring, announced that its utility token, PLANETS, will be listed on Bitfinex on June 4th. PLANETS are the first Algorand Standard Asset (barring stablecoins) to be supported on a major international exchange. Claudio Parrinello, PlanetWatch’s CEO said: “This is a major milestone for PlanetWatch. Less than 18 months after company creation, and despite the COVID-19 pandemic, we have managed to demonstrate that our Smart City as a Service solution, based on community sensor deployment and crowdsourced air quality data, can deliver business-grade data feeds in a fast and cost-effective way.” PlanetWatch revolutionizes the way we measure air quality by using the Algorand Blockchain, IoT-enabled sensors and AI-based data analysis. PlanetWatch incentivizes citizens to operate air quality sensors and earn token rewards for data streams. Sean Lee, CEO of the Algorand Foundation, said : “We are delighted to see Bitfinex support the PLANETS token. The PlanetWatch team have shown outstanding vision and innovation in creating their “Smart City”aaS concept and choosing to create their utility token ecosystem on Algorand’s sustainable, carbon negative blockchain network. We are excited to see the world discover the amazing potential of crowd sourced air quality monitoring and the PLANETS token.” PlanetWatch is focusing on air pollution, because it causes over 7 million deaths per year (source: WHO). In addition, recent studies provide evidence linking long-term exposure to air pollution with an increase in mortality from COVID-19 infection, as well as a significant risk of infection via aerosol in indoor spaces, where air quality can be a proxy for infection risks. PlanetWatch is strongly supported by high-profile partners such as Algorand, the Algorand Foundation and CERN, the leading physics research lab in the world, where the Web was born. As provider of environmental data, PlanetWatch was naturally led to partner with Algorand which provides a highly scalable, decentralized and secure blockchain which is also one of the “greenest” for energy consumption. As far as CERN is concerned, PlanetWatch is the only company in the global blockchain ecosystem to be an official “CERN Spin-off”. PlanetWatch’s network is growing very fast. It currently comprises approximately 700 sensors, mostly in Europe and the USA. Based on the current installation pipeline, the 1,000 sensor milestone will be reached in a few weeks. Source:-https://news.bitcoin.com/planetwatch-announces-the-listing-of-the-planets-token-on-bitfinex-exchange/
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Earn up to 50% APY by Staking $GLQ on GraphLinq App

The newest utility token to offer staking to its users/holders is GraphLinq Protocol’s $GLQ. As of this article, $GLQ has 4,500+ holders according to etherscan, excluding GLQ holders on CEX like Kucoin, MXC, Gate. This is a great step for the future of the project as it will further incentivize more users to hold. Explore more about GraphLinq, its staking mechanism & steps to stake. What Is GraphLinq? GraphLinq – The No Code protocol for automating actions on-chain & off-chain, launched in just March 2021, has come a long way bringing users in the crypto space a never seen model of integrating blockchain automation on any blockchain-related/non-related task. The goal of the GraphLinq protocol is to allow users to interact blockchains with any connected system as effortlessly as possible without any prior knowledge of coding. GraphLinq ecosystem currently consists of an engine, an integrated development environment (IDE) & an app to provide automated services all while leveraging centralized/decentralized data streams, several blockchains, and more. Also, recently they partnered with Polygon Network (Previously Matic) on multiple grounds. About $GLQ Token GLQ is the native token for the GraphLinq ecosystem built on top of Ethereum (ERC20). It is used to run a graph on the platform’s mainnet to execute different processes over the blockchain to automate tasks, triggering events, and much more. GLQ will be used as the payment method in GraphLinq Marketplace where templates will be bought and sold peer-to-peer. GLQ’s functionality & use cases will continue to diversify as the ecosystem grows, as mentioned in Graphlinq’s Documentation. All You Need To Know About $GLQ Staking GraphLinq has finally announced the much-awaited GLQ staking launch on the GraphLinq App, incentivizing the holders of GLQ to earn passive rewards. Upon staking, GLQ holders can earn as much as 50% APY in rewards depending on the unique tier mechanism aimed at incentivizing long-term holders. Initially, tier rankings are allotted in a decentralized nature as following: -> First 15% stakers of total stakers will be in Tier 1 and get 50% APY -> Next 40% stakers will be in Tier 2 and get 25% APY -> The rest stakers will be in Tier 3 and enjoy a 12.5% APY The current APY is for a limited period only and would be updated in the near future. When you stake for the first time, you’ll be in Tier 3 first and then make it onto the higher tiers by holding for longer durations, as the number of stakers increases you can end up in the first 15% or next 40% stakers, increasing your tier rank. Also, stakers/holders in the higher tiers could drop to subsequent lower tiers upon withdrawing their staked GLQ, ultimately rewarding the long-term holders. To put it simply, the longer you hold, the more your rank is likely to get to the next tier with higher APY. At each withdrawal you will lose your tier advantages, benefitting the holders the most. The first withdrawal decreases your APY by half (if you’re not on tier 3), and the second will take you back to the last tier with the least APY. However, claiming yielded GLQ will not affect your tier ranks or rewards. (You can track & claim your staking rewards on the GraphLinq App’s Staking Page in real-time) Note: The team has mentioned that the current APY of the staking rewards is for a limited time only, and it will be updated from time to time in the near future. How Can I Buy & Stake My $GLQ in 3 Easy steps? A step-by-step guide to putting your $GLQ to work to get upto a whopping 50% APY! Step 1 First make sure to have some $GLQ! If you’re still looking for a way to get $GLQ, here is how you can secure your bag: Buy $GLQ on app.graphlinq.io using fiat through any of the following payment methods: SEPA, UPI, IMPS, Faster Payments Bank Transfer, credit & debit cards. For this method, you’ll need to verify your KYC and enter your ERC20 wallet address to receive GLQ.Swap your ETH/ERC20 for $GLQ on Uniswap, 1inch, Metamask wallet.You can also Buy $GLQ on any of these centralized exchanges (CEXs): Kucoin, MXC, Gate.ioVideo Tutorial on How To Buy GLQ: https://youtu.be/_3tOZhBb9zw Step 2 Connect Your ERC20 Wallet like Metamask, Coinbase Wallet, etc. to GraphLinq App by selecting your desired wallet. Step 3 Go to the Staking Interface by clicking on “Stake your GLQ” on the top bar or “Staking Interface” on the sidebar.Once you are on the Staking Interface, “Total Staked GLQ”, “My Staked GLQ”, “My Claimable Rewards” and your current Tier Ranking can be seen.Within the staking interface, you can find the option to “Withdraw” your staked GLQ and an option to “Claim Rewards.”But first, you we need to stake some GLQ. To do that, enter your desired GLQ amount to stake in the “Stake Your GLQ” field. After entering the desired figure, click on “Stake now” and approve the contract on your connected wallet. Then after the approval from your wallet, click on “Stake now” again and confirm on your connected wallet in order to complete the staking process. Source:-https://news.bitcoin.com/earn-up-to-50-apy-by-staking-glq-on-graphlinq-app/
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The Estée Lauder Companies Increases Ownership in DECIEM

The Estée Lauder Companies Inc. (NYSE: EL) announced today that it has completed the first phase of increasing its ownership in DECIEM Beauty Group Inc. (“DECIEM”), the Canadian-based, vertically integrated, multi-brand company. The Estée Lauder Companies (“ELC”) now owns approximately 76% of DECIEM (up from 29%), and has agreed to purchase the remaining interests after a three-year period at a price that will be determined based on the future performance of DECIEM. Known as “The Abnormal Beauty Company”, DECIEM is an industry disruptor with a consumer-focused approach. It was founded in 2013 by the late Brandon Truaxe, a visionary who set out to change the beauty industry through authenticity and transparency. He developed the company with creativity and innovation alongside Founder, Pasquale Cusano, and Co-Founder, Nicola Kilner, who is continuing as CEO of DECIEM. DECIEM’s portfolio currently encompasses six brands, including The Ordinary, an internationally popular skin care brand with impressive community- and referral-driven buzz reflecting a deep connection with its global consumer base of skin care devotees. Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. ELC’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, Tommy Hilfiger, M·A·C, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin Paris, TOM FORD BEAUTY, Smashbox, Ermenegildo Zegna, AERIN, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, BECCA, Too Faced, Dr. Jart+, and the DECIEM family of brands, including The Ordinary and NIOD. Source:-https://www.elcompanies.com/en/news-and-media/newsroom/press-releases/2021/05-18-2021-210011841
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Crypto E-Commerce Giant Shopping.io Supports eToro Social Impact Non-Profit, GoodDollar

Los Angeles, CA the premier crypto E-commerce platform will donate $50,000 to eToro’s flagship corporate social responsibility project GoodDollar, a non-profit initiative that distributes free crypto-based universal basic income (UBI) as part of its mission to onboard and educate the next billion digital assets users. Shopping.io’s $50,000 donation will be used to support the blockchain-based fund that sustainably mints and distributes digital basic income every day to more than 250,000 members in over 180 countries. GoodDollar stands apart for its scalable and sustainable approach to generating a crypto-based UBI, that leverages the principles of impact investing to enable financial supporters to earn rewards while using their crypto for good to fund a social project. Shopping.io’s $50,000 donation will be locked in the sustainable donation basic income fund, a smart contract that donates with all earned interest donated back to beneficiaries as basic income. This makes Shopping.io’s one-time gift a “sustainable donation” that will be used to create digital basic income, in crypto-asset GoodDollar (G$), for forever. Shopping.io is the first company to make a philanthropic donation to support the GoodDollar protocol: all funds will be used to fortify the basic income fund that benefits GoodDollar members, and not for operational expenses. Starting June 4th, GoodDollar members will also be able to spend their G$ tokens on Shopping.io’s E-commerce platform and make Amazon (US, UK, CA + DE), Ebay, and Walmart purchases using them. Through Shopping.io, GoodDollar members will now be able to use their GoodDollar tokens to shop for basic necessities and everyday items, marking a key milestone for the project and its members. Now, those who benefit the most from GoodDollar’s daily UBI distribution can spend their GoodDollars on toilet paper, toothpaste, emergency supplies, etc. on Shopping.io’s platform. The GoodDollar and Shopping.io collaboration has multiple synergies, with the $50,000 donation used to mint more GoodDollars, which then can be used on Shopping.io’s platform. “We are honored that the team at Shopping.io has recognized the critical role GoodDollar plays in advancing the digital assets market and onboarding millions of new users to digital assets who otherwise would be left behind. We are gratified by their generous donation, which will be used to fund free digital currency for generations to come,” said Yoni Assia, GoodDollar Founder and co-founder and CEO of eToro.com. “My hope is that it inspires other crypto-philanthropists, entrepreneurs and companies to use their crypto to advance more economic empowerment for all,” he said. The collaboration offers Shopping.io a unique introduction to the larger ecosystem of eToro and its customers, while doing good for GoodDollar’s members and the digital asset ecosystem at large. “We loved what GoodDollar was doing and wanted to help in any way we could, so we decided on this impact-driven model which I believe will bring a lot of benefit to both sides,” said Arbel Arif, Founder and CEO of Shopping.io. With a shared vision that e-commerce and consumption are critical pathways to drive crypto adoption towards the mainstream, Shopping.io and GoodDollar are thrilled to announce this partnership which has the potential to financially benefit the spending power of millions across the globe.  About GoodDollar GoodDollar.org is a non-profit initiative driven to advance financial education and empowerment through free distribution of cryptocurrency. It does this via advancing the GoodDollar protocol, which uses free market forces to create a sustainable and scalable framework for a crypto-based universal basic income. Through creating a free, easy-to-access stream of digital currency GoodDollar offers real people a low-risk and free way to begin to experiment and benefit from digital assets. The project was founded by Yoni Assia, the co-founder and CEO of eToro, the social investment platform with over 20 million registered users. eToro has financed the GoodDollar project as part of its corporate social responsibility initiatives.  About Shopping.io Shopping.io is the first INTERNATIONAL crypto E-commerce onboarding and fulfillment service. We are the bridge behind crypto and retail. Have the freedom in how you pay when you shop online using your favorite crypto currencies on the Shopping.io platform. We are the only company in Crypto that allows you to purchase from major e-commerce hubs on a global scale while revolutionizing how you purchase online with your Crypto. We believe in the power of giving the Crypto industry absolute freedom when it comes to E-commerce. Have the power to choose how you spend your Crypto with Shopping.io. To enjoy discounts and free international shipping you can purchase with Shopping.io native tokens $SPI and $GSPI. Both $SPI and $GSPI are utility tokens. https://beta.shopping.io/foundation This partnership marks a huge step forward between Shopping.io and the eToro ecosystem as we look forward to paying it forward to men and women in need worldwide. Source:-https://news.bitcoin.com/crypto-e-commerce-giant-shopping-io-supports-etoro-social-impact-non-profit-gooddollar/
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Embedded Technology Convention World Series Launches!

Multi award-winning exhibition organizer PRYSM Group are delighted to launch the Embedded Technology Convention World Series taking place in Singapore and Las Vegas next year! The Embedded Technology Convention World Series has launched in Singapore and Las Vegas, bringing together experts from across the Embedded Systems and Technology Industry for two days. Our vision is to provide a platform to discover the latest products and services and provide the opportunity for individuals to develop professionally from the unrivaled educational content available. The global Embedded Technology Industry is valued at over 214billion USD and with companies’ requirements to implement ground-breaking systems to elevate their offerings ahead of the competition. The Embedded Technology Convention World Series is the perfect opportunity for manufacturers and distributors to re-engage with customers and grow their profitability. With confirmed speakers from Google, AWS, PICMG and Samtec all sharing their insights into the industry and showcasing the initiatives needed to create incredible solutions, plus over 100 educational seminars, the show promises to inspire and educate the embedded industry. Event Director Luke Lubega said “The Embedded Technology Convention is set to be the ultimate showcase of the Embedded Systems and Technology Industry across the American and APAC markets. By listening to the industry and immersing ourselves with the requirements of both the individual and the organisation, we’re curating a show which will be a feature of the industry for many years” Source:-https://cryptonews.com/news/embedded-technology-convention-world-series-launches-10570.htm
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Police dragnet becomes intense in Kuwait to ensnare former assistant undersecretary at the Ministry of Interior, former Bangladeshi MP and French-Syrian fugitive on charges of bribery and human trafficking

  Corruption is one of the biggest problems faced by any surviving country in the world. Today, bribes have become a common practice and government officials have turned against their own people, exploiting them by promising foreign residency and employment. A similar tragedy befell on Kuwaiti bidoons or stateless residents, and common Bangladeshi workers. However, with the onset of the COVID-19 pandemic, the public pressure has greatly increased in Kuwait to address the problem of corruption in the stateless resident and migrant labor residency programs run by the Kuwaiti government. In 2020, Kuwait’s Ministry of Interior launched a campaign and convicted the three most wanted officials, namely Mazen Al-Jarrah Al-Sabah – former assistant undersecretary at the Ministry of Interiors, Shahid Islam – former Bangladeshi MP, and Bashar Kiwan – French-Syrian fugitive, on the grounds of bribery and human trafficking. Moreover, this entire controversy even involved paying large funds to government officials in order to issue Kuwait Article 17, which are temporary documents that do not confer nationality, and Comoros Islands Passports for Kuwait’s bidoon residents, also commonly known as stateless residents. Kuwait’s Ministry of Interior revealed that approximately 17,000 bidoon or stateless residents had been tricked into paying 3,000 dinars, equaling to $9,770, each in bribes between 2014 and 2018, in order to obtain Article 17 documents and Comoros Islands’ passports. When the case was properly investigated, the Assistant Undersecretary of the Ministry of Interiors General Sheikh Mazen Al-Jarrah Al-Sabah was also found guilty and was arrested for accepting bribes. However, the mastermind behind this entire plan was the man named Basheer Kiwan, now a Syrian-French fugitive who is wanted for multiple cases, including human trafficking, money laundering, and racketeering for defrauding Kuwaiti bidoon residents. Basheer promoted a parallel scheme through which he promised 3,000 bidoon or stateless residents passports for Comoros Islands for a nominal fee of 2,000 dinars each. Obviously, the passports were never issued to anyone who has paid the fees. Because of this fraudulent scheme, Basheer Kiwan has also been separately indicted in the Comoros Islands, alongside its former President Ahmed Sambi, who is also known to be a partaker in this scheme. Former President Ahmed Sambi not only helped Basheer implement the scheme, but also defrauded the Comorian government in a broader passport sales scheme which siphoned up to $200 million from the government. In another similar case, Assistant Undersecretary of the Ministry of Interior General Sheikh Mazen Al-Jarrah Al-Sabah, and the former Bangladeshi MP Shahid Islam was convicted and charged on the grounds of money laundering and human trafficking. In this case too, common Bangladeshi workers were exploited and tricked into paying fees in exchange for facilitating residency in Kuwait. However, the fees paid by the Bangladeshi workers could only fund bribes and serve as gifts for Kuwaiti Government officials.  
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