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Wafini, A Cardano DAO Powered NFT Marketplace Closes $200,000 Private Round, Opens Seed Round Whitelist.

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Wafini, A Cardano Dao Powered Nft Marketplace Closes $200,000 Private Round, Opens Seed Round Whitelist.
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Wafini governance token $WFI will power the Wafini ecosystem, enabling holders to be integral in the development and growth of Wafini.

Wafini just announced that they have closed a $200,000 pre-seed round in July.

Muhammad Ahmad, project manager of Wafini commented on the development outlining that the raised funds will be used to expand the team, extend partnerships and further the development plans of the Wafini NFT Marketplace.

Wafini plans to hold a public seed round of it’s utility token $WFI, with 15 million out of 100 million tokens up for grabs for early adopters at 0.02 ADA a piece.

Early birds can whitelist for the seed round here.

What Is Wafini?

Wafini is a DAO powered NFT Marketplace where users can trade Non-Fungible Tokens & NFT collectibles, users also will be able to mint, list, sell and swap their Non fungible tokens in a simple and easy to use interactive interface.

The Wafini NFT Marketplace which will be powered by smart contracts on the Cardano Blockchain, is poised to become the first truly DAO owned NFT Marketplace on Cardano.

Wafini is designed to be community sustainable without external control or influences.

The Wafini DAO Ecosystem will give the community of $WFI token holders an opportunity to unlock the full potential of the NFT marketplace as it will be the first NFT Marketplace on Cardano to give $WFI Token holders a reflections of trade commissions on the Marketplace.

This will promote an enabling fair and decentralized ownership and governance for the sustainability of the Wafini ecosystem.

$WFI Token

The $WFI is a Cardano Native token that also doubles as the utility and governance token of the Wafini NFT Marketplace and there will be only 100,000,000 $WFI Tokens ever minted.

Users can stake their $WFI Tokens to earn rewards and can also boost their staking rewards with the Wafini Genesis Passport NFTs.

The Genesis NFTs is termed the passport NFT because it gives it’s holders a place in the Wafini NFT Marketplace DAOboard.

$WFI Token Sale

There will be two early bird Wafini token sales followed by a public sale. The seed sale allocation has an allocation of 15 percent of the total supply which could be accessed at 0.02 ADA per token.

The Wafini Token Seed round is set to launch on the 1st of October, whitelist  is already open for early birds who want to get hold of $WFI tokens before everyone else through this link.

After the Seed Sale, there will be a Pre-Sale with a token allocation of 10,000,000 and finally a public offering with an allocation of 20,000,000 tokens.

Interested participants can read a detailed guide on how to buy $WFI Tokens on the link from the Wafini’s documentation page.

The incentivized public launch of the Wafini marketplace is scheduled after the Vasil Hard Fork.

Wafini Seed Sale Whitelist

Whitelisting for the $WFI Seed Sale is ongoing and have recorded almost 100 whitelisted participants.

Each whitelisting participant is required to maintain a minimum of 500 ADA balance on their Cardano compatible wallet to access and pass for a whitelist spot.

Whitelisting will be capped at 1000 participants and only whitelisted wallets will be allowed to join the Seed Sale.

The team will constantly remain innovative in its mission to provide solutions to take the NFT ecosystem to the next level.

About Wafini

Wafini is a Web 3.0 community driven decentralized NFT Marketplace for Non-Fungible Tokens & NFT collectibles where users will be able to mint, list, sell and swap their Non fungible tokens utilizing the Cardano Blockchain.

 

 

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CertiK Uncovers Suspicious $2.4M Payments Into Tornado Cash

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Certik Uncovers Suspicious $2.4M Payments Into Tornado Cash
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  • The money movement is linked to the October 2021 BXH Exchange breach.
  • GitHub reinstated the Tornado Cash code in “read-only” mode.

On Saturday, crypto security company CertiK said that it had uncovered a suspicious $2.4 million payment into the cryptocurrency mixer Tornado Cash. Information suggests the money movement is connected to the October 2021 BXH Exchange breach. It resulted in a loss of $139 million. Although the U.S. Treasury’s Office of Foreign Asset Control (OFAC) has placed sanctions on the crypto mixer. However, the exchange is still being used to move money.

The theft of over 4,000 ETH worth $139 million from the BXH Exchange at the end of October is likely connected to the transfer of funds.

Hackers Defying Sanctions

The address 0x158F5 is held by a third party and used the Binance Smart Chain and Avalanche staking contract’s privileged method to retrieve staked tokens and withdraw cash. The tokens were then transferred to Ethereum using the address.

CertiK reports that the staking contract holding the funds and locations was previously released by a Telegram group formed by persons affected by the BXH Exchange. Tokens with a bridging ERC-20 standard were converted to ETH at the address in question. To date, almost $2.4 million in value has been transferred into Tornado Cash, represented by 1865 ETH tokens.

Even after the Office of Foreign Asset Control at the U.S. Treasury banned suspicious transactions on Tornado Cash in August, the service is still accepting them. The crypto mixer platform has just received a transfer of 500 thousand DAI from EOA 0x0B789. The money transfer was associated with an exploit in DAO Maker.

After receiving confirmation from the Office of Foreign Asset Control of the United States Treasury, GitHub reinstated the Tornado Cash code in “read-only” mode.

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Whale Alert: 270 Million XRP ($130M) Bought by Whales

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Ripple (Xrp) Price Jumps To New Four-Month High
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  • The largest ever buy was on the Bitso crypto market for 54.1 million XRP.
  • XRP prices have increased by around 50% during the last week.

The native XRP token of Ripple has seen the most growth over the previous seven days. While Bitcoin and Ethereum have both had big price declines recently, XRP has seen a sharp increase. The current price increase of XRP may be attributed to a number of factors. Whales hoarding Ripple tokens is one instance.

Tokens worth around $130.2 million in XRP, almost 270M XRP have been transmitted from several cryptocurrency exchanges to many unknown addresses in the past 24 hours, according to data from Whale Alert. The largest ever buy was on the Bitso crypto market for 54.1 million XRP. Approximately $27.5 million worth of XRP coins were purchased by Whale all at once.

High Volatility Expected After Judgement

However, whales have been buying up XRP on the Bitstamp platform to the tune of nearly $84.1 million. To their XRP holdings, whales have just added more than $41.4 million over many trades. Meanwhile, a massive transaction involving 132 million XRP (about $62.1 million) was also spotted by the whale tracker.

Since the SEC and Ripple submitted their summary judgement papers, there has been a dramatic increase in the whale stockpiling of XRP tokens. The current increase was caused by new court documents. It also noted a surge in the number of active addresses holding between 1 and 10 million XRP tokens in late 2022.

On the other hand, XRP prices have increased by around 50% during the last week. Since word of the case’s resolution circulated favorably across the market, this is the result. At this moment, the price of XRP is $0.5015 as per CMC.

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California Governor Vetoes Crypto Regulation Bill

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Following Aftermath Of Recent Slump Bitpanda Announces Workforce Layoff
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