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BTC Proxy Lists on AscendEX

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BTC Proxy Lists on AscendEX

AscendEX is eager to announce the listing of the BTC Proxy token (PRXY) under the trading pair USDT/PRXY on Sept. 24 at 1 p.m. UTC. To celebrate the listing, AscendEX and the PRXY team will launch a number of limited-time promotional events, taking place between 1:00 a.m. UTC, on Sept. 24, and 12:00 a.m. UTC, on Oct. 1, 2021, offering users a chance to share pooled rewards up to 60,000 USDT!

BTC Proxy is a multi-institutional protocol for the decentralized tokenization of Bitcoin on ERC20, utilizing a Proxy Protocol called the “Proxy Relay”. The protocol gives Bitcoin holders a decentralized bridge to stake their Bitcoins into custody and transfer that value into an ERC20 token without the need for centralized exchanges and systems that exponentially increase the counterparty risk of theft or loss. Independent of liquidity conditions, BTC Proxy allows for the transfer of value without price slippage, directly affecting prices on exchanges. 

Improving on the design of wrapped token protocols, BTC Proxy utilizes a side-chain to “RELAY” the confirmations of Bitcoin transactions to the ETH smart contract. The Relay side-chain is significant because it allows for further transparency and the pairing of ETH and BTC transactions on the block for confirmation. This design reduces the cost of verifying BTC blocks on an ETH smart contract while speeding up minting and redemption functions to real-time settlement. No intermediaries are required to execute the transaction. 

While most of the development of DApps and Decentralized Finance (DeFi) is being built within the Ethereum ecosystem, Bitcoin continues to dominate the cryptocurrency market capitalization. The DeFi sector is burgeoning with fintech innovation with decentralized exchanges (DEXs), digital swaps, derivatives, and micro banking applications, all using smart contracts. BTC Proxy brings BTC liquidity into the Ethereum ecosystem and DeFi applications.

Most ERC20 tokens trading in centralized exchanges today are done with a BTC pair rather than with ETH. In contrast, most decentralized exchanges offer only ETH/Token but not BTC/Token trades. BTC Proxy tokens bridge this technological gap and provide more BTC-based liquidity on decentralized exchanges and pools. 

AscendEX’s listing of BTC Proxy highlights its commitment to supporting the growth of the DeFi ecosystem and DEX-related projects.

About AscendEX 

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. 

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.  AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:

About BTC Proxy

BTC Proxy is a multi-institutional protocol for the decentralized tokenization of Bitcoin on ERC20 utilizing our Proxy Protocol called the Proxy Relay. The protocol gives Bitcoin holders a decentralized bridge to stake their Bitcoin into custody and transfer that value into an ERC20 token without the need for centralized exchanges and systems that exponentially increase the counterparty risk of theft or loss. 

For more information and updates, please visit:

Disclaimer: The opinion expressed in this article solely author’s. It is not interpreted as investment advice. The NewsCrypto team encourages all to do their own research before investing.

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Mr Beast Joins MetaWars’ Stellar Army of Backers

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Mr Beast Joins MetaWars’ Stellar Army of Backers

MetaWars is ready to launch to the stars after raising $2.3 million in seed capital, with none other than major YouTube star Mr Beast completing the stellar list of seed investors.

The hugely popular American content creator and philanthropist has been growing his cryptocurrency investment portfolio this year, and so the MetaWars team is especially delighted to have received his backing alongside seasoned venture capital firms after closing their strategic round.

Mr Beast joins ABV, Raptor Capital, CinchBlock, x21, CoinUnited.io, Double Peak, Magnus Capital, Everse Capital, Infinity Gainz, and Icetea Labs in providing the funding for the ambitious and exciting MetaWars project.

With these highly influential backers and their considerable reach onboard, the MetaWars team is expertly positioned to hit the marketing stratosphere and can fully focus on building the best space game in the blockchain.

The Massive Potential of MetaWars

MetaWars is a multiplayer sci-fi strategy game set in the future that will require both skill and strategy to master. A multi-layered, key tactical battlefield is the intergalactic setting for players to profit from the game’s war economy in a space exploration scenario.

Inside the game, players will need to find new universes, solve mysteries, claim territory, and defend their earned riches from adversaries in the metaverse. Anyone can build their own unique experience with the ability to exert control over the game’s ecosystem.

Players can wager, play-to-earn, and accumulate NFT collectibles through challenges, all while acquiring MetaWars’ utility tokens ($WARS) as profit, and in-game currency ($GAM) to help maximize that profit. The best players will also become the richest, according to the game’s design.

The Right Space To Be In

Video games have brought unprecedented growth to the cryptocurrency industry this year, with upwards of $50 billion reportedly raised in the first half of the year alone through investments, acquisitions, and public offerings in the blockchain gaming sector.

This is more than four times the number produced in 2020, catalyzed by a similar surge in the growth and popularity of non-fungible tokens (NFTs), which now play central roles in any video game title launched on the blockchain in the second half of 2021.

Following the advent of Decentralized Finance (DeFi) in the last two years, GameFi – which is simply the merging of DeFi and gaming – is already changing the way major stakeholders and investors find value.

In short, users can earn financial profits by playing video games. This is particularly important for projects aiming to serve large communities who want a loyal vase of users to utilize their tokens and engage with their products. And so the term Play-to-Earn was coined.

It is no great surprise, then, that Mr Beast – one of the largest YouTubers on earth with 71.6 million subscribers and a public passion for video games – chose to invest in MetaWars, one of the most promising titles that intend to maximize all of the capabilities of GameFi. His own personal interest in gaming makes his investment in the next huge trend a no-brainer.

Preparing For The WARS To Come

MetaWars is currently hosting an NFT auction for the public to gear up with mechas and additional resources. The prizes are valuable resources that would assist players in-game. To know more about the auction, visit here.

With $2.3 million seed funding secured, the next step for MetaWars will be preparing for its WARS public sale on three top launchpads.

MetaWars will conduct its public offering on GameFi, Red Kite, and Polylauncher on October 27th before listing on PancakeSwap, the leading decentralized exchange on Binance Smart Chain, on the same day.

Follow MetaWars’ official channels for more information and to stay up to date with developments.

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Crypto Platform Crypto.com Collaborated with Matt Damon and Water.org

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Crypto Platform Crypto.com Collaborated with Matt Damon and Water.org