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Bringing Unique Gaming and NFT Staking Opportunities to Solana

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Solana is one of the fastest-growing communities and ecosystems, with hundreds of projects battling to deliver more unique use cases and bring to life the vision of its founders.

The network is becoming more robust as well, and data shows that it’s the leading one when it comes to overall staked value. With over $43 billion locked in the protocol, Solana is far ahead compared to its main rivals – Terra and Ethereum.

Part of the reasons for this massive surge of interest in Solana in the last year is the booming gaming and play-to-earn community. With this said, one particular game is seemingly doing a lot to push its community forward by delivering regular updates and shipping constant products.

AGE of SAM (AOS) continues to grow at a steady pace. With about 2500 SAM NFTs currently in existence and well under 100 listed on marketplaces at the time of writing, it’s quickly becoming an NFT project that’s to be considered.

The initial focus of the team was to build a strong organic community and onboard 12 established Solana projects as partners, each one represented as Faction NFTs in the AOS Universe and playable in-game characters.

With over 10,000 engaged Discord members and 7,000 Twitter followers, they’ve certainly succeeded in building a continuously growing community. With 12 partnerships solidified, and more on the way, they’ve accomplished both initial goals.

AOS launched its first-generation animated NFTs on February 16th of this year.

The Team’s Plans for the Near Future

SOLARIUM will serve as the AOS utility and governance token. Every unlisted SAM has already been accumulating SOLARIUM since mint. A live dashboard is up and running for any holder to check how much SOLARIUM they’ve already gathered.

A massive SOLARIUM airdrop is planned for March 28th, which will coincide with the launch of the first weekly staking Moon Missions. The amount of SOLARIUM mined will depend on the rank of the SAM as well as holding a SAM partner NFT, where a multiplier of 1.5 – 2x will apply.

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However, individual SAMs will also be eligible for a yield multiplier if they’re upgraded with  SOLARIUM via the AOS Gene Machine.

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As a governance token, SOLARIUM will allow holders to participate in important decision-making and execution of the project’s roadmap. Community has been and will continue to always be included in the process. Trusting the process is a lot easier when you’re directly involved in it.

The Tokenomics of AOS

The AOS tokenomics model is loosely based on other successful projects as well as bringing new deflationary ideas to the mix. One of those is called a Paper Hand Tax, which means if someone prematurely ends a Moon Mission, they will be taxed on the amount of SOLARIUM they earned. This taxed SOLARIUM will then be redistributed as additional yield to holders that successfully completed their Moon Missions.

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SOLARIUM will be fixed-supply with an initial mint of 200,000,000 tokens. The total supply will not change.

Distribution

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The token utility will allow investors to upgrade their SAMs with weapons and accessories, build Moon facilities, mutate, and much, much more. This will add to both staking and in-game value. SOLARIUM will also be tradeable on a DEX and allow for passive income.

Play-2-Earn gaming

By mid-April, the AOS sci-fi dungeon crawling game will go live.

The first dungeon will be an engaging gaming experience with players exploring and searching for loot in the form of equipment, SOLARIUM, and other bonuses. Subsequent levels will add more complexity like fighting monsters and more SAM upgradeability.

More major details about the P2E game will be revealed in the following weeks, with progress updates coming in daily on their Discord and Twitter. Over a dozen dedicated SAM holders are already helping to test the game. This level of collaboration between developers and the community is rarely seen and helps ensure a product everyone is happy with.

The game is being rapidly created with experienced in-house game developers, artists, and a AAA gaming studio.

What Are The Future Plans?

Having already delivered a lot of what was promised, the team realizes there’s a whole lot more to do. With this in mind, some of the future plans include, but is not limited to:

  • The AOS team is dedicated to building a brand that will last for years to come
  • Carefully planned future mints that will not cause inflation and devaluation of the current genesis supply in circulation
  • Expansion and evolution of staking opportunities and game development
  • Continuous community growth, as well as more marketing and global exposure
  • Developing an inclusive Solana community hub
  • Expanding the current team
  • Educational initiatives about space exploration
  • Charity work with reputable organizations

AOS went from idea to execution in 6 months. Nothing feels rushed, and every step is taken with careful consideration in dialogue with the community. Most projects simply don’t function this way. Unsurprisingly, most also lose all value.

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Cardano, Solana & Polygon in Dire Straits After Delisting, Crypto Space Heading Towards the Bottoms

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Recently, the SEC charged Binance and Coinbase with violating US rules and regulations and also listed some tokens as securities. Since then, these tokens have maintained a bearish trend. Robinhood, one of the world’s largest trading platforms, has delisted Cardano (ADA), Solana (SOL), and Polygon (MATIC), all of which were listed as securities by the SEC. 

Since then, the prices of these three tokens have plummeted by 22.23%, 21.89%, and 22.86%, respectively, being among the top losers for the day. 

Cardano’s price dropped below the crucial ascending triangle earlier when the SEC’s crackdown surfaced. However, the bulls were believed to halt the bearish trend, but the fresh downfall triggered by the Robinhood exchange dragged the price close to the lowermost support. Presently, the price has however managed to rebound from $0.22 as it’s trading at $0.245, but the bearish influence continues to hover over the ADA price. 

Hence, the upcoming couple of days may be extremely crucial for the asset as a drop below these levels may freeze all the bulls for a while. Besides, the Solana price also faced a double-digit loss as the price trembled down below $13. It was the then when FTX exchange collapsed that led the SOL price plunge to such a drastic extent. Moreover, the possibility of revisiting single-digit levels also haunts the Solana price rally. 

The SOL price, as seen in the chart, has dropped below the decisive symmetrical triangle earlier due to the SEC’s crackdown. The squeeze continued, which pulled the price below major resistance at $15. The price is believed to drop below $10, but as the ADX is displaying some upward movement, the bearish action may wane before reaching a single-digit figure. However, it does not mean the price may trigger a rebound, as it may remain under an extended consolidation for a long time.  

Lastly, Polygon’s price also underwent a similar price action as it dropped heavily and is currently trading around $0.6. It regained the levels it traded at the beginning of 2023 but currently holds acute selling pressure, which may keep the price consolidated below the crucial support, which has now turned into resistance. 

The MATIC price is attempting very hard to sustain above major support at $0.5242, the lows from where it triggered a rebound. However, the RSI remains extremely bearish, which may restrict the bulls from raising the levels higher. Hence, the price may maintain a descending consolidation until market conditions ease but maintain its levels around $0.6. 





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Robinhood to Delist Cardano, Solana, and Polygon after SEC Crackdown

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Robinhood, the well-known trading platform, has announced that it will no longer offer support for three specific cryptocurrencies starting June 27, 2023. The affected cryptocurrencies are Cardano (ADA), Polygon (MATIC), and Solana (SOL).

This decision comes shortly after the U.S. Securities and Exchange Commission (SEC) filed lawsuits against major cryptocurrency exchanges Binance and Coinbase. The lawsuits alleged that ADA, MATIC, and SOL were unregistered securities, highlighting potential compliance issues.

They shared, “Earlier this week the SEC sued crypto companies Binance and Coinbase and alleged that a number of cryptocurrencies are unregistered securities. This includes Solana (SOL), Polygon (MATIC), and Cardano (ADA), which are currently supported on the Robinhood Crypto platform.”

Robinhood added, “We regularly review the crypto we offer on Robinhood,” the firm shared in an update. Based on our latest review, we’ve decided to end support for Cardano (ADA), Polygon (MATIC), and Solana (SOL) on June 27th, 2023 at 6:59 PM ET.”

Prior to the delisting of Cardano, Polygon, Solana, users have the option to withdraw their assets if they prefer not to have them sold. However, it’s important to note that the ability to withdraw these crypto assets may not be available in all states.

“Any ADA, MATIC, and SOL still in your Robinhood Crypto account will be sold for market value, and the proceeds will be credited to your Robinhood buying power,” the company added.

The Solana Foundation addressed the claim that Solana (SOL) is a security on Thursday, asserting that SOL is, in fact, a community-driven project that depends on decentralized engagement from its users and developers. 

Dan Gallagher, Chief Legal Compliance Officer at Robinhood and a former SEC commissioner, had earlier said that they are “actively reviewing the SEC analysis to determine what, if any, actions to take in that regard.”





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Pro-XRP Lawyer Answers if Coinbase Will End Support for Solana, Polygon and Cardano

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Robinhood, an American trading platform, has revealed its plans to stop supporting certain cryptocurrencies. Effective June 27, 2023, at 06:59 PM (ET), Robinhood will no longer offer services for Cardano (ADA), Solana (SOL), and Polygon (MATIC). The decision was made after a review of the platform’s cryptocurrency offerings. 

Following the U.S. Securities and Exchange Commission (SEC) labeling several cryptocurrencies as unregistered securities, Robinhood, the trading app, has informed its users that they will no longer be able to trade the above-mentioned tokens on its platform.

Attorney Bill Morgan, who often shares interesting insights about the ongoing XRP vs SEC lawsuit, took to his Twitter handle to answer a query raised by Paul Barron. 

Paul wrote on Twitter, “@RobinhoodApp  just ended support for @solana @0xPolygon @Cardano is @coinbase  next for these assets – where will Americans decide to go? 1. Self Custody 2. Sell Tokens 3. Move Off Shore.”

Replying to Paul, Bill said, “You ask if @Coinbase is next to end support for these cryptos. Coinbase only ceases trading of assets that contain the letters XRP.”

This decision comes shortly after the SEC filed a lawsuit against Binance and its CEO, Changpeng Zhao, making various allegations.

The lawsuit specifically mentions Cardano (ADA), Polygon (MATIC), Solana (SOL), Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), Axie Infinity (AXS), as well as the BUSD and BNB stablecoins, identifying them as securities.

However, Robinhood has limited its delisting action to SOL, ADA, and MATIC, reassuring its users that no other coins will be affected and will remain secure on the platform.

“Any ADA, MATIC, and SOL still in your Robinhood Crypto account will be sold for market value, and the proceeds will be credited to your Robinhood buying power,” the company said in its blog.





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