Decentralized exchanges based on automated market makers (AMM) have become the standard and the most convenient way to exchange crypto tokens.&nbsp;The majority of these DEX’s were built on top of account-based blockchains like Ethereum, of which the flagship is Uniswap. Cardano’s eUTxO model brings exciting benefits that address some of the shortcomings of DEXes on other blockchains with consistent fees and formally verified deterministic behavior.&nbsp;WingRiders is a decentralized exchange ecosystem based on AMM that builds on top of the solid foundations of the Cardano network. Our goal is to create a trusted platform that enables users to exchange native Cardano tokens in a truly decentralized fashion with no intermediaries or single points of failure.&nbsp;We aimed at a modular approach to support as many wallets and other decentralized applications as possible. Our target is to become an infrastructure solution that enables and augments other projects as well.

thumbnail_Wing_Riders_14e95d5a8a.jfif

Wing_Riders_14e95d5a8a.jfif

thumbnail_Wing_Riders_b0f94c32bb.jpg

Wing_Riders_b0f94c32bb.jpg

WingRiders

<div>
					<div>
												Singapore-based crypto exchange Bitrue has<a target="_blank" href="https://www.bitrue.com/blog/40000000inInvestmentFundsprovidedbyBitrueVentures"> announced</a> the launch of a $40 million investment fund through its venture arm, Bitrue Ventures. 
The fund aims to foster growth in the Web3 ecosystem by supporting Web3 startups and developers with grants of up to $200,000 each, allowing recipients to manage their allocations independently.
While the fund is open to all Web3 niches, Bitrue Ventures identified five key areas with higher success potential: artificial intelligence, real-world asset tokenization, GameFi, decentralized physical infrastructure networks, and decentralized finance.
According to Bitrue, its measurement of the success potential for these focus areas is based on its r<a target="_blank" href="https://www.bitrue.com/ventures/research/ai-and-crypto-convergence.pdf">ecent research</a> and pilot investment round supporting Cardano-based projects, WingRiders and Liqwid Finance.
Projects securing funding from Bitrue Ventures will benefit from automatic token listings on the Bitrue exchange, which will provide exposure to its 10 million users and access to integrated marketing services.
Beyond financial support, Bitrue will offer extensive resources to aid Web3 projects, including development expertise, industry connections, and management support. 
Bitrue emphasized its commitment to helping funded projects succeed, stating it will provide whatever support is needed.
<blockquote>“Let us know where you need help, and we’ll do all in our power to provide whatever is needed.,” </blockquote>
the blog post announcing the development read.
This development comes against the backdrop of a broader downturn in blockchain funding. A<a target="_blank" href="https://defi-planet.com/2024/07/african-blockchain-sector-sees-74-drop-in-funding-despite-rise-in-deal-numbers/"> recent report revealed</a> that blockchain venture funding globally experienced a 64% year-on-year decrease, falling from $10.66 billion in the first half of 2023 to $5.74 billion in 2024. The number of global deals also declined by 49%, with 678 deals recorded in 2024 compared to 1,306 in 2023.
Notably, African blockchain startups suffered it the most, raising just $34.7 million in the first half of 2024, a stark 74% decrease from the $135.4 million raised in the same period last year. However, despite this significant drop in funding amounts, the number of deals in the region actually increased by 9%, suggesting continued interest in the sector despite financial challenges.
If you want to read more news articles like this, visit <a target="_blank" href="https://defi-planet.com/">DeFi Planet</a> and follow us on <a target="_blank" href="https://twitter.com/PlanetDefi">Twitter</a>, <a target="_blank" href="https://www.linkedin.com/company/defi-planet/">LinkedIn</a>, <a target="_blank" href="https://www.facebook.com/DeFi-Planet-129907662611402">Facebook</a>, <a target="_blank" href="https://www.instagram.com/defi.planet/">Instagram</a>, and <a target="_blank" href="https://coinmarketcap.com/community/profile/DeFiPlanet/">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with Markets PRO, DeFi Planet’s suite of analytics tools.”
<div>Don't miss out!Subscribe To Our NewsletterGive it a try. You can unsubscribe at any time.</div>
													</div>
								<div>
		<img alt="Jewel Buddy" src="https://defi-planet.com/wp-content/uploads/2024/06/2-150x150.jpg" srcset="https://defi-planet.com/wp-content/uploads/2024/06/2-150x150.jpg 2x" />		
		<div>
			
				Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.			
		</div>
	</div>				</div>

DeFi-Planet

DeFi Planet

<div>
								CardanoGPT, an avant-garde entity at the intersection of artificial intelligence (AI) and the Cardano blockchain, has unveiled its groundbreaking $CGI staking platform. Scheduled for a June 2024 launch, the platform’s arrival is generating fervent anticipation akin to that reserved for blockbuster summer releases, marking a significant stride in technology’s fusion with consumer-centric incentives amidst the burgeoning AI landscape.
<h3>Pioneering Integration of AI and Blockchain</h3>
A tweet from CardanoGPT’s esteemed developers illuminated the eagerly anticipated staking platform’s user experience, sparking ripples of excitement throughout the tech sphere. This pioneering platform promises unparalleled opportunities for $CGI token holders, granting them exclusive access to Girolamo Chatbot’s backstage. Girolamo, the flagship feature currently undergoing rigorous beta-testing, offers a spectrum of advanced AI functionalities, including content and image generation, interpretation and revision, as well as voice and text command capabilities.
<h3>Beyond Access to Girolamo: Introducing ‘Prompt to Earn’</h3>
The CGI staking platform transcends mere access to Girolamo, introducing the innovative ‘Prompt to Earn’ model. This novel approach empowers users to augment their earnings simply by engaging with the Girolamo chatbot through prompts. It heralds a new era of AI-infused economy, where user participation not only garners appreciation but also tangible incentives.
<h3>Procuring Stakes and Embracing Community Governance</h3>
To participate, enthusiasts can procure $CGI tokens, available for purchase on WingRiders or DEXHunter, and engage in beta testing Girolamo. CardanoGPT’s ethos revolves around community-driven innovation, exemplified by the opportunity for CGI token stakers to partake in the CardanoGPT DAO. This grants them democratic powers to propose, vote, and influence forthcoming developments, fostering transparency and inclusivity in the platform’s evolution.
<h3>Innovative AI Solutions Driving Community Engagement</h3>
CardanoGPT’s commitment to innovation extends beyond Girolamo and the DAO, encompassing custom AI chatbots designed to enhance community engagement and automate customer support. Their AI-powered writing tools facilitate groundbreaking content creation through intuitive interfaces. ‘AskGirolamo,’ a real-time query response system, epitomizes CardanoGPT’s status as a trailblazer in technological innovation.
<h3>Embracing the Future of AI and Blockchain</h3>
The imminent launch of the CGI staking platform beckons tech enthusiasts and visionary investors alike to embark on CardanoGPT’s journey at the nexus of AI and blockchain. By acquiring and staking $CGI tokens, holders unlock access to cutting-edge AI tools, earn rewards, and actively shape CardanoGPT’s governance.
<h3>Charting a Path Forward</h3>
CardanoGPT stands at the forefront of AI and blockchain convergence, steadfast in its mission to spearhead the next generation of digital solutions. With a steadfast focus on community-driven innovation and sterling AI products, CardanoGPT has cemented its legendary status in the tech arena. For the latest updates on CardanoGPT’s pioneering endeavors in reshaping the AI and crypto landscape, supporters can follow its social platforms, underscoring the platform’s commitment to keeping the community abreast of its transformative journey.
															</div>

Cointrust

Unveiling CGI Staking: CardanoGPT's Leap into AI-Driven Blockchain

NMKR is the utility and loyalty token of the NMKR NFT Platform. NMKR is a comprehensive minting platform built on the Cardano blockchain, designed for the creation and launch of digital assets. It enables users to mint their own NFTs, tokens, and even integrate real-world assets into the blockchain ecosystem. This article delves into the NMKR token, its distribution, utility, and more.<h2 style="margin-left:0px;">Price Action</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*5mXLdQdAG4zWCoQFQOGceA.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?charts=&amp;pairID=0029cb7c88c7567b63d1a512c0ed626aa169688ec980730c0473b913.70200e03">NMKR Charts page on TapTools</a>Despite the NFT market going through a slow period, the NMKR price has rallied in USD valuation over the last 30 days, up nearly 33%.<h2 style="margin-left:0px;">NMKR Distribution &amp; Tokenomics</h2>The NMKR token has a maximum supply of 10 billion tokens. Currently 2.56 billion of these tokens are in circulation, equivalent to 25.6% of the supply. At $0.00385 per NMKR, this gives the token a Market Cap of $9,837,174 and a Diluted Market Cap of $38,373,572, placing the token at #21 in the Top 50 tokens on Cardano.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*ncnTH48ml0TNtos70NMxFg.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?distribution=&amp;pairID=0029cb7c88c7567b63d1a512c0ed626aa169688ec980730c0473b913.70200e03">NMKR Distributiono Pro page on TapTools</a>There are currently 13,897 wallets holding the NMKR token, up 7.45% over the last 30 days. NMKR has a Median Holder Balance of 400.00 NMKR equivalent to 2.38 ADA and an Average Holder Age of 262.93 days, highlighting a strong community that believes in the project.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*pZ63fcNI_dUTann9Qs59Lw.png" alt="" loading="lazy">The above image details the tokenomics of the NMKR token. The largest token allocations are for community distribution and direct token sales.<h2 style="margin-left:0px;">Liquidity</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*IKTQOyHhdsntY4xePYyUQg.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?liquidity=&amp;pairID=0029cb7c88c7567b63d1a512c0ed626aa169688ec980730c0473b913.70200e03">NMKR Liquidity Pro page on TapTools</a>The NMKR token has 977.85K ADA in liquidity across 6 Decentralized Exchanges on the Cardano blockchain. The most liquid DEX is SundaeSwap which holds over 60% of the tokens liquidity, followed by Minswap with 27.99%, and WingRiders being the most liquid DEX with 4.43% of the total NMRK liquidity on DEXs.<h2 style="margin-left:0px;">Volume</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*NxrKNmcC3qoRFbYYTIb-ww.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?volume+profiler=&amp;pairID=0029cb7c88c7567b63d1a512c0ed626aa169688ec980730c0473b913.70200e03">NMKR Volume Profiler Pro page on TapTools</a>NMKR has a Lifetime Trading Volume of 36.21 million ADA, equivalent to 4.55 billion NMKR. 16.78 million of this was buy volume and 19.44 million was sell volume. The shark size wallet (100–250k ADA) leads this token in terms of trading volume.<h2 style="margin-left:0px;">Utility</h2>We’ll now delve into the various utilities that NMKR has to offer.StakingNMKR holders can stake their tokens to earn rewards in NMKR.GovernanceHolders of the NMKR have the ability to vote on governance decisions that impact the future of the NMKR platform.<h2 style="margin-left:0px;">Conclusion</h2>NMKR stands as a foundational pillar within the Cardano blockchain ecosystem, providing a robust platform for the minting, distribution, and integration of digital and real-world assets. The NMKR token not only fuels the NMKR NFT Platform but also empowers its community by offering utility in the form of staking rewards and governance rights. This article has provided an overview of the NMKR token, including its distribution, utility, and current market presence. It will be interesting to see how NMKR develops over the coming weeks and months.You can find out more about NMKR at the following link: <a href="https://www.nmkr.io/">https://www.nmkr.io/</a>

TapTools

Token Spotlight: NMKR

Exciting news is on the horizon for crypto enthusiasts and investors alike as TheADA gears up for its Initial DEX Offering (IDO) on WingRiders. This event promises to be a pivotal moment in TheADA’s journey, offering participants an opportunity to engage with a groundbreaking project built on the Cardano blockchain. Let’s delve into the details of TheADA’s IDO and what it means for the crypto community.<h1 style="margin-left:0px;">TheADA IDO on WingRiders: Key Details</h1>TheADA’s IDO on Wingriders is set to unfold with a meticulously planned timeline, ensuring a smooth and inclusive experience for all participants. Here’s a breakdown of the essential details:<ul><li>WRT Tier Timeline:</li><li>Deposit 1000 WRT in the vault by epoch end (24.02): The process kicks off with participants depositing 1000 WRT in the vault by the epoch end on February 24th, marking the first step towards securing a spot in the WRT tier.</li><li>Register for the WRT tier in UI until Sunday 25.02 6 pm CET: Following the deposit, participants must register for the WRT tier in the UI by Sunday, February 25th, 6 pm CET, to formalize their participation.</li><li>WRT tier tokens airdrop to wallets between 25.02 6 pm CET — 26.02 1 pm CET: The anticipation builds as WRT tier tokens are airdropped to participants’ wallets between February 25th, 6 pm CET, and February 26th, 1 pm CET.</li><li>Launchpad WRT tier starts 26.02 1 pm CET: The excitement peaks as the launchpad for the WRT tier officially begins on February 26th, 1 pm CET, marking the commencement of TheADA’s IDO journey.</li><li>Launchpad regular tier start 26.02 3 pm CET: Shortly after, the launchpad for the regular tier opens its doors on February 26th, 3 pm CET, providing broader accessibility to participants eager to join TheADA’s ecosystem.</li></ul><h1 style="margin-left:0px;">How to Participate</h1>For those keen to participate in TheADA’s IDO on WingRiders, the process is straightforward. Simply follow the link provided below to access the launchpad and embark on this exciting journey:<a href="https://app.wingriders.com/launchpad/cd4970e2c90cc39328f66a7b5f86c76ecb67a5bafa1a3da6fbea8cd3381699d7%230">Participate in TheADA’s IDO on Wingriders</a><h1 style="margin-left:0px;">Conclusion</h1>TheADA’s IDO on WingRiders represents a significant milestone in its roadmap, offering a platform for investors and enthusiasts to engage with a pioneering project in the Cardano ecosystem. With a carefully curated timeline and inclusive participation model, TheADA is poised to make waves in the world of decentralized finance (DeFi) and NFTs.As the crypto community eagerly awaits the unfolding of events, the stage is set for TheADA to showcase its potential and redefine the landscape of decentralized applications on Cardano. Stay tuned for more updates and get ready to be part of TheADA’s transformative journey on Wingriders.<h1 style="margin-left:0px;">About TheADA</h1>TheADA is a decentralized and scalable NFT staking protocol built on the Cardano blockchain. With its innovative approach to NFT staking and ecosystem development, TheADA aims to empower users and foster growth within the Cardano community.For more information, visit <a href="https://theada.pro/">TheADA Official Website</a>.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.

WingRiders ($)

The DEX on Cardano. Fully Cardano native and super fast AMM decentralized exchange platform.

Related Projects

FANANCE CLUB

DOEX

ADA Finance

Featured News