Home

  • Aether Games Sale: wAEG sent

    Aether Games Sale: wAEG sent

    Last week, Aether Games completed their Strategic Sale on Avalaunch:

    • Raised: $300,000
    • Participants: 3922

    The purchased wAEG has now been sent and participants of Aether Games’ sale just have to wait until the TGE (February 28, 13:00 UTC) to unwrap their wAEG and unlock the full utility of their AEG tokens.

    In this article, we will break down how to check your wAEG balance and the next steps for sale participants.

    ✅ wAEG sent
    ⏰ Aether Games TGE on February 28

    wAEG Sent

    📩 Participants who successfully registered and purchased their allocations have now been sent their purchased wAEG to the wallet used to participate in the sale.

    Please note – This has taken place on the Polygon network. This is because Aether Games will be migrating to Avalanche but their token was originally minted on Polygon before determining that Avalanche is a better fit.

    To check your wAEG balance,

    • Simply add Polygon network to your wallet
    • Import the wAEG contract address – 0xd31E99B72455dC526b56654B254EA07e3F889ed2

    Adding Polygon Network to Metamask:

    To add Polygon to Metamask please go here for simple instructions.

    You can also manually add Polygon with the information below:

    Adding wAEG as an asset:

    You can visit Polygon’s Metamask guide and scroll to “Adding Assets” or follow the instructions below:

    • Select Polygon Matic network
    • Click “Import token”
    • Paste in the wrapped AEG contract address: 0xd31E99B72455dC526b56654B254EA07e3F889ed2
    • To see your wAEG balance, please visit here to see balance on the Polygon Scan explorer

    This works for Metamask, Trust Wallet or any other wallet (on desktop and mobile).

    Aether Games TGE

    During the TGE on February 28, Aether Games will open up a dedicated Claim Portal for a hassle-free unwrapping process.

    Since this will take place on Polygon and requires MATIC as a gas fee, participants have been airdropped 0.2 MATIC to streamline the unwrapping process.

    In the Claim Portal, Avalaunch’s Strategic Sale participants will be able to swap their wAEG for AEG in accordance to the vesting schedule. Once your AEG is unwrapped, it will become freely traded and utilized in the Aether universe.

    For any questions, please join our Avalaunch Telegram group and our support team will be ready to assist!

  • Aether Games AMA: Project Overview (Recap)

    Aether Games AMA: Project Overview (Recap)

    On Friday, January 19 at 0:00 a.m. (UTC), we hosted an AMA on the Avalaunch Telegram group with Dreadsong from the Aether Games team. We learnt about their grand vision and what sets them apart from the competition in the Web3 gaming space. This was also an opportunity for the Avalaunch to ask their questions – congratulations to those who were selected!

    Below you can read our AMA session with Aether Games:

    Aether Games x Avalaunch AMA

    Avalaunch

    Ladies and Gentlemen, esteemed guests, and passionate gamers from around the world, welcome to this exclusive and exhilarating AMA brought to you by Avalaunch. Today, we are beyond thrilled to have the unique opportunity to delve deep into the world of gaming with the brilliant minds behind Aether Games.

    Today we have an esteemed part of the Aether team, @DreadsongAEG

    @DreadsongAEG how are you today?

    Dreadsong | Aether Games

    Pretty good overall

    A bit awkward on the timezone though as it’s currently 1am

    So hopefully I don’t do any blunders in text due to the late time on my end haha

    Avalaunch

    Let’s delve right in then as it’s later than is ideal. Blunders will be promptly forgiven. Can you give us a brief intro of yourself and how you became involved with Aether Games?

    Dreadsong | Aether Games

    Absolutely

    Hello everyone — Dreadsong here, BD and AMA host of AetherGames; I’ve joined the crypto space back in the bullrun of 2021, interested primarily in the tech and the overall aggressive growth of the industry. Been involved with all branches of the crypto market since then — DeFi sector, GameFi or NFTs, I’ve worked in each sector and know each of them quite well. Besides this, I have a background of having worked at EA Games and Bioware for a few years, specifically on titles like FIFA, Need for Speed and Anthem. Graduated Foreign Languages, philology branch, with a major in Slavistics and a minor in English.

    As for my involvement with Aether; I have been with the company since essentially day 0. Aether launched their community back in November 2021 and I joined a day after server launch on the back of one of the communities I was a part of. Ever since then, I stayed with the company, and at this stage, have literally been with them through good and the absolute worst (this bear was a headache and a half)

    Not quite brief but hey — gotta keep it spiced up

    Avalaunch

    Welcome Class of 2021! Always good to see survivors who have been forged in the crucible of a long bear market. Makes for more resilient teams. Appreciate the answer. Can you give our audience an overview of the vision at Aether Games and what the team has built so far?

    Dreadsong | Aether Games

    Definitely — for starters;

    To give a general introduction on what AetherGames is, we’re a Web2.5 transmedia development studio focused on gaming and entertainment. Currently, we specifically focus on blending traditional and blockchain gaming, aiming at merging fantasy narratives with blockchain technology.

    As a transmedia company, we are currently engaged in two major ventures: the gaming industry which we’ve tapped into with our gaming title, Aether TCG — this being our card game which doubles down as an IP platform utilizing a Gaming as a service model, and our forthcoming endeavor in the entertainment industry with our series, the Aether Saga, which we’ve actually teased on the 14th of December, with a bit of the starting sequence from the first episode

    From a team perspective, we have a team that boasts both heavy gaming AND entertainment experience, who’ve been involved in the production of a number of very popular AAA titles such as the latest 2023 Game of the Year-winning Baldur’s Gate 3, and other titles such as Hearthstone, FarCry6, God of War, Raid: Shadowlegends and plenty others

    Our CGI director has also been involved in the making of 2 very popular Love, Death & Robots episodes, specifically Snow in the Desert and Beyond the Aquila Rift

    Besides these, we’ve also been the Golden Reel Awards Judge since 2016, with 2023 included.

    Avalaunch

    This is an impressive set of resumes to be sure and web2.5 is coinable if that wasn’t you. Great work on the fundamentals which looks like it could be a great driver for the token which brings me to…

    Registration for the Aether Games strategic sale is now open, users can get their hands on AEG — the token powering the Aether universe. Can you talk about the utility of AEG and what built-in mechanics you have to ensure it accrues value and can support sustainable long-term growth?

    Dreadsong | Aether Games

    Let’s dive into the above more in-depth:

    Currently, in our ecosystem, there’s🥇and ❄️

    🥇is not a token but simply a game currency to purchase any asset (not NFT). This ranges from cards, pets, heroes, maps, emotes, cosmetics and campaign mode content.

    It cannot be sold and is locked to your game account.

    ❄️ is the token and is used as a crafting material

    Simply put: cards + ❄️ = NFT
    This counts for any asset.
    NFTs are traded and sold among each other and purchased later on through our marketplace using ❄️ as the currency, and along the way as our gas fee also.

    Rewards that are given are mostly 🥇 , non-NFT assets and crafting materials (dragon tooth, demon eye etc.)

    When there’s a reward we give from events it’s always in USDT or assets.

    Assets that are NFT can be disenchanted later on and you receive about 40–60% back based on the rarity of the card. For example a legendary card costs $10 fixed in ❄️ to convert, but when disenchanted you get $4–6 back albeit along with valuable crafting materials.

    Legendary cards sell for $100–300 so there’s very little incentive to disenchant these, allowing for many tokens to be nested inside assets, and contributing towards a higher token price.

    Avalaunch

    I appreciate the stable coin part as well. This is pretty robust utlity and again, having to endure that headache and a half of a bear does help with ingenuity. Can you share details for the TGE and what plans you have for liquidity?

    Dreadsong | Aether Games

    Absolutely — TGE is currently planned for the end of February, after Chinese New Year. We’ll be listing on a Tier 1 exchange first and for a clean launch we will add liquidity on DEXs slightly after listing, in order to prevent any sort of snipers. We add more liquidity over time as the price discovers itself. However, we will not reveal the exact amount in the liquidity pool just yet, but it will obviously be a hefty amount.

    Avalaunch

    I could tell easily enough so we’re good. Moving on — Aether Games has some of the most talented team members from the gaming, entertainment and CGI industries. Can you share more about the team behind Aether? How does this unique blend of expertise help to set you apart from other studios?

    Dreadsong | Aether Games

    I covered this slightly in a previous answer, but to go further in-depth:

    We have a strong founding team of 5 members, which includes the creator of Primal Carnage, an Esports celebrities manager, a Hollywood audio director, and a 6-year Unit Image CG Generalist veteran.

    Essentially, what heavily sets us apart is that our in-house game development is on par with Blizzard, Ubisoft, and Riot Games. Our team encompasses CGI Hollywood-level producers, composers, and financial managers with accomplished projects for Netflix, Hulu, and HBO, that have worked on over 400 projects (games, series, movies)

    Some of the previous titles worked on:
    — SMITE
    — Vikings: War of Clans
    — Star Wars: Battlefront 2
    — Hearthstone
    — Raid: Shadowlegends
    — Honor of Kings
    — Primal Carnage (created by Aether Founding Member)
    — Love, Death & Robots

    Avalaunch

    Appreciate the added detail and it’s good to emphasize the pedigree of this team and their work, so onto the game…The beta version of Aether’s Trading Card Game is currently live on the Epic Games Store. Could you share some details about the TCG? Additionally, what are the next steps on the Aether roadmap that the community can look forward to?

    Dreadsong | Aether Games

    You can look at us as essentially the Magic The Gathering of Web3 — we plan to utilize our game as a platform that houses a plethora of different IPs, with focus being set on Web2 IPs. We already have an extremely strong multi-billion dollar company signed in with us which will bring its own IP in for us to utilize in-game — this will later on be followed by other massive Web2 names.

    This would cover both the game aspect and the roadmap: we are currently in talks with a multitude of entities and franchises such as Lord of the Rings, Game of Thrones, The Boys and are in very deep discussions with Warner Brothers, which would unlock us access to other major titles such as Mortal Kombat etc.

    The above would be a pretty good vision into what our roadmap could look like over the coming months and years, with focus being on implementation of different franchises into our title and universe, and essentially, actively tapping into these massive Web2 fanbases.

    Community Questions

    Avalaunch

    I’m sensing you’ve been asked these type of questions before 😃so let’s get a wild card into the mix and move right into the community portion of the program where things get weird and prizes are on the line.

    Our friendly neighborhood @Fil936 asks — Do you plan to launch other games in addition to Aether TGC?

    Dreadsong | Aether Games

    Yes. Our plan is to launch a second game, albeit timeline on it is TBD, and as production on it has been paused (it was in active development prior to the release of our TCG) I cannot give too many details on it. Plans were originally for it to be an AR Pokemon-GO-type game, but we scrapped that idea and are now exploring other genres for it to release under

    Avalaunch

    That’s exciting stuff. @BGerbera wants to know — Why did Aether Games embrace both fiat currency and cryptocurrency for in-game purchase

    Dreadsong | Aether Games

    Ease of accessibility for both Web2 and Web3 audiences;

    FIAT currency in-game purchases make it extremely easy for the average traditional gamer to jump into the game and purchase assets at his convenience, whilst the crypto purchases are optimal for the average Web3 user

    Avalaunch

    It’s that web2.5 thing. I think it’s smart. Anything to make that transition seamless and garner both audiences is a must at this point. Here’s @RopLen with a 2-parter — What reasons are there to continue playing for a player accustomed to this type of game? There are several card games out there, why should he choose Aether Games?

    Dreadsong | Aether Games

    We believe that from a quality perspective, we stand out quite heavily in comparison to our competitors.

    There’s only a very specific title in the market currently that we would consider being on par with our level of quality, but they are very different from us so I wouldn’t say they’re direct competition.

    At the end of the day, many card games in the market currently have the tendency to take their own spin to the genre, making it so that players have the liberty to choose which one fits their interests the best; be it Sci-Fi, Fantasy or more modern takes on TCGs

    But for a more direct answer, our tournament systems definitely bring a motivational factor into play

    Avalaunch

    Yeah. There’s not a lot of discernment from crypto people when it comes to assessing offerings like this and yet, it makes all the difference. This team’s experience and development to date confers a lot of advantages.

    Well done. How can I trade or sell my cards or characters with other players? What platform or marketplace should I use, and what commissions or taxes apply? From @SenaidHughes

    Dreadsong | Aether Games

    Cards are currently tradeable through the main popular Web3 marketplaces, such as OpenSea and Magic Eden, albeit we plan to introduce our own marketplace in the near future to maximize ease of access for this feature, essentially, at current stage.

    You can utilize 3rd party platforms for the trading options — but soon enough everything will be possible to be done directly through our platform.

    Avalaunch

    An NFT platform is a project by itself so the comprehensiveness of what you’re building is impressive. Our very own @EvissFord_BTC has a question — One major fundamental weakness for many gaming and blockchain projects is an unsustainable fee vs reward model. How unique is the revenue model of Aether Games that enables it to remain sustainable for the long term?

    Dreadsong | Aether Games

    We are not a P2E game.

    By default, this removes the unsustainability vs reward feature from the get-go.

    The player reward system comes in through more of a skill 4 earn system (not exactly an official term in the markets, more like something I coined on the go lol), and it primarily rewards users through the tokenisation of assets functionality and participation into tournaments, giving us a heavy Esports setting from very early on.

    As for the revenue part — we utilize a much more traditional Web2 approach, which is partially based on in-game purchases, but also on usage of our token.

    Avalaunch

    The irreverent @zenobiapollard72 believes in you all and wants to know how she can become an ambassador for Aether Games? Does Aether Games have any plans for building local communities, especially in non-English-speaking countries?

    Dreadsong | Aether Games

    We don’t currently have an ambassador program the type Web2 games do, and this is primarily due to our early development stage — however, we do indeed plan to aggressively extend throughout different sectors of the globe, and house local communities of different localizations; even now, we house quite a large Slavic player base.

    Avalaunch

    Well you have a request then. There is some good visibility for you all and Avalanche wants you all on a subnet but all in due course. Do the token holders have the right to participate in the governance of Aether Games? What kind of decisions can they vote on about Aether Games? What are the benefits of holding Aether Games tokens? Question brought to you by @Concutrangxoa

    Dreadsong | Aether Games

    Parts of this were briefly answered on the question regarding token utility — on the other end; we do have plans to organize a potential DAO, but it is still in the works; I cannot give an exact answer to the governance question as the system isn’t yet fully polished.

    Avalaunch

    Fair enough. Tell us a little bit about security at Aether Games. Have you done an audit of the platform? Are the smart contracts error-free? What are the test results? This is from none other than @EzequielMarrero

    Dreadsong | Aether Games

    We have done multiple audits which came back with near-perfect results, showcasing the overall stability and safety of the platform

    Pretty straight-forward answer here

    Avalaunch

    That’s always good to hear, particularly the results as so many audits have to be dragged out for myriad reasons. Coming down to the final couple of questions Sir.

    Anticipation is building Will you consider to hold game tournament or interactive community events that can make Aether Games community more solid in the future? @badu_crypto

    Dreadsong | Aether Games

    Over the past months, we’ve held a variety of different tournaments with major cash prize pools, most of them with pools worth $10.000

    We have the tendency to host one of these every few months, and we also host smaller community-gated tournaments for different guilds

    So the answer is yes, and it has been a practice for a good while now, even pre game release from an in-community standpoint.

    Avalaunch

    That’s a good size pool for sure. You have nearly run the gauntlet and your answers have been both pithy and poignant. Much appreciated. To close the show @DreadsongAEG let’s ask something game-related from @JohnMartial1 I am so, curious to know about these 10 ADVENTURERS so, can you give detailed information about these ?

    Dreadsong | Aether Games

    Absolutely –

    We have a range of Adventurer cards which essentially function as hero cards; each of them comes with its unique trait and interacts differently with the multiple factions available in the game

    Aisha for example is a tempo-enhancing Adventurer, as she decreases the resource-cost of cards in your hand by 1

    Aurelia on the other hand is the exact opposite of Aisha, instead increasing the opponent’s resource-cost of cards

    Then we have Adventurers like Dona which provide healing based on the amount of unspent resource at the end of your turn

    And on the opposite side, the Revenger who deals damage to your opponent’s Adventurer based on the amount of unspent resource

    There’s definitely an Adventurer for everyone’s playstyle, and there’s a major difference between the playstyle of each of them.

    Avalaunch

    Thank you! It’s been a pleasure having you with us and this is an AMA that will make for a good read as well. We’ll have it transcribed and posted to our blog for good measure. We wish you continued success leading up to your launch and look forward to hosting the strategic sale with us. Onward and upward. 🤝

    Dreadsong | Aether Games

    Thank you for having me, was definitely an enjoyable AMA — I wish everyone a good night (considering it’s past midnight on my end lol) and to take care

    Avalaunch

    Take care and thanks again.

     

  • Welcoming Minipool Operators to Avalaunch

    Welcoming Minipool Operators to Avalaunch

    We’re delighted to announce that GoGoPool Minipool Operators are now eligible to participate in our Validator Round for upcoming sales on Avalaunch! This opportunity allows Minipool Operators to easily verify the ownership of their Minipool during the KYC process, which must be completed before registering for a sale.

    With the mission of accelerating Subnet adoption through organic decentralization, GoGoPool enables users to setup an Avalanche Validator node at half the cost, whilst benefitting from a triple incentive reward structure. With their user-friendly one-click Minipool launcher, users can setup their Minipool in minutes.

    How to Participate

    1. Sign up & KYC
    2. Connect and register with the wallet address associated with your Minipool
    3. Register for upcoming sales when Registration Opens

    Minipool Operators do not need to stake or hold XAVA. Upon successful KYC registration, Minipool Operators will receive a guaranteed allocation in the Validator Round, alongside the Avalanche Network Validators.

    A Collaborative Approach to Shaping the Future Avalanche

    The inclusion of GoGoPool Minipool Operators in our Validator Round reflects our ongoing commitment to launching projects that we can collaborate with to strengthen the Avalanche ecosystem. Other examples of our collaborations include:

    • Working with Dexalot Discovery to ensure safer AMM listings post-IDO, which protects users and provides them with a fair price discovery process.
    • Colony’s addition of the $XAVA token in their Avalanche ecosystem index.
    • Bloom – the result of a year-long research effort with GoGoPool, to provide a solution to decentralize and accelerate Subnet growth.

    At Avalaunch, our commitment to collaboration and innovation is at the heart of our vision as we continue to build a stronger, more interconnected Avalanche community.

    About GoGoPool

    Since their Avalaunch IDO in April of 2023, GoGoPool (GGP) has established itself as a critical pillar of the Avalanche community via its decentralized and inclusive infrastructure. GGP lowers barriers to entry for validation by providing a faster, more convenient alternative through their liquid staked AVAX product. The GGP token and protocol has firmly rooted itself inside the security and ever-expanding economics of the growing Avalanche network.

  • Aether Games x Avalaunch: Strategic Sale Announcement

    Aether Games x Avalaunch: Strategic Sale Announcement

     

    Introduction to Aether Games

    Aether Games is a pioneering transmedia studio focused on creating an immersive gaming and entertainment franchise for both Web2 and Web3 audiences. Its vision is to build out an interconnected ecosystem of games which allow players to use their gaming assets across multiple titles in the Aether universe. This element of game design has simply not been possible in traditional gaming and will be key to unlocking a whole new realm of experiences.

    By seamlessly combining blockchain-enabled features, Aether Games is not only enhancing the gaming experience, but is also empowering players in a way that is also inclusive of traditional gamers. This approach ensures that Aether is accessible and enjoyable for everyone.

    Aether Games: A Multi-Platform Universe

    What makes Aether Games truly stand out is its commitment to creating experiences that spans various forms of media. Alongside a rich gaming ecosystem, Aether is also developing a cinematic series which aims to captivate audiences across multiple platforms and merge multiple experiences into a unified realm. By taking this innovative approach, Aether Games is able to immerse audiences in a deeper way whilst drawing more players to its games, resulting in an interconnected and diverse entertainment experience.

    The Aether realm so far consists of:

    • Aether: Trading Card Game – The beta version is currently live on Epic Games.
    • Aether Saga – To enhance the universe and deepen player engagement, Aether Games is working on an interactive short story series which allows players to uncover the secrets of the world of Aether.

    Aether: Trading Card Game

    Set in a dark fantasy universe, Aether: Trading Card Game (TCG) is a captivating collectible card game that showcases stunning visuals and cinematic artwork. Players engage in strategic battles using a mix of Adventurers, Creatures and Cards, which each have their own unique mechanics. Leveraging the expansive array of stats and abilities, players can customize their decks and cards to fit their individual playstyles. Aether’s TCG combines the element of card collecting with deck building to allow players to engage in real-time online battles to earn valuable in-game rewards.

    Utilizing Web3 features, Aether’s TCG greatly enhances the collectible card game genre by using NFTs to represent in-game assets, granting players true ownership in a genre where ownership is crucial. By unlocking this feature, players can then freely trade these assets in a player-driven economy.

    The beta version is available to download on the Epic Games Store.

    AEG: Powering the Aether Universe

    AEG is the native token of Aether Games and facilitates all activities in the Aether universe, enabling a seamlessly integrated economy. AEG will be a multi-chain token and its utility includes:

    • Crafting – In Aether: Trading Card Game, players can use AEG to transform their plain cards into an NFT, granting players true ownership of their assets.
    • Nesting Heirlooms – Heirlooms are cross-game dynamic NFTs in the Aether universe. By nesting AEG within Heirlooms, players can adjust the level of their Heirloom to enable faster in-game progression. This feature also allows players to rent out their upgraded Heirlooms to other players.
    • Gas Usage – AEG will be used as the native gas token once the Aether Subnet goes live.
    • Transacting in Aether’s Marketplace – AEG will be used for all trading activity within the Aether universe and its upcoming marketplace.

    Aether Games – Official Links

    Website | Game | TwitterDiscord | Telegram | Youtube

    Aether Games Team

    The Aether Games team brings a wealth of experience and expertise, with many years of experience in the game development, esports, entertainment, and CGI industries. They have collectively contributed to more than 500 media titles, including notable games like God of War, Far Cry 6 and Baldur’s Gate 3. Additionally, their expertise extends to the television industry, with team members having worked on innovative Netflix shows like Love, Death & Robots. This diverse team background enables Aether Games to build a high quality franchise, further accelerated by their extensive network across multiple industries.

    Partners & Backers

    “Our investment in Aether Games, coupled with the opening up of opportunities at Excelsior, is a clear indicator of our belief in the transformative power of GameFi. Aether Games is not just a strategic success; it is a visionary step that aligns with our objectives and offers a glimpse into a future ripe with possibilities.”

    Founder and general partner of EnigmaFund

    Aether Games: Strategic Sale on Avalaunch

    The Aether Games sale on Avalaunch represents a unique and strategic opportunity, distinct from a typical Initial DEX Offering (IDO). Unlike an IDO, the strategic sale is aimed at participants who see the potential in Aether games. The highlight of this sale is the offering price of $0.032 per token, which presents a significantly better value proposition compared to the upcoming public sale price of $0.045.

    Aether has conviction in the broad distribution of the token and thus, has conducted some smaller private/public sales for this purpose, most significantly on TrustSwap this past December, with the large majority of this round sold privately. The Avalaunch offering comes closer to the Token Generation Event (TGE) while providing early access at a more advantageous price. Again, this opportunity precedes the public sale and serves not just as a means of raising funds, rather, its primary goal is to strengthen communities, increase visibility and to promote token decentralization prior to their official launch.

    Participants in the Aether Games sale on Avalaunch will receive a portion of their tokens at the TGE, which is scheduled to occur on February 28. Therefore, the turnaround time from the point of sale to the receipt of tokens is appealing and contrasts with private rounds where initial distribution is typically many months away.

    Overall, the Aether Games strategic offering on Avalaunch stands out for its reduced pricing and relatively swift token distribution post-sale, thereby aligning the interests of early supporters with the long-term success of the project.

    Aether Games team on working with Avalaunch:

    “Working with Avalaunch has been a highly positive experience. Their expertise, expansive network, and consistent support have significantly contributed to the success of our project. Working with Avalaunch has been characterized by a blend of professionalism and collaboration, making it a truly valuable partnership.”

    FUNDING NUMBERS:

    Total Supply: 1,000,000,000 AEG Tokens

    • Equity Holders  –  350K USD  – 28M AEG at 0.0125 USD
    • Seed Investors  –  3M USD  –  150M AEG at 0.020 USD
    • Strategic & Avalaunch*  –  4.48M USD  –  140M AEG at 0.032 USD
    • KOL Rounds – 1.4M USD – 40M AEG at 0.035 USD
    • Advance Round – 3.08M USD – 77M AEG at 0.040 USD
    • Public IDO – 810K USD – 18M AEG at 0.045 USD

    Note: Numbers are rounded slightly.

    Total Raise: 13.12M USD

    *Avalaunch IDO  –  300K USD  –  9.375M AEG at 0.032 USD

    SUPPLY BREAKDOWN & VESTING

    Total Supply: 1B AEG

    • Player Rewards: 170M AEG (17%)
    • Seed: 150M AEG (15%)
    • Strategic & Avalaunch: 140M AEG (14%)
    • CEX & Market Liquidity : 120M AEG (12%)
    • Advance Round: 77M AEG (7.7%)
    • Treasury: 70M AEG (7%)
    • Team: 70M AEG (7%)
    • Marketing: 70M AEG (7%)
    • Advisors: 35M AEG (3.5%)
    • Equity Holders: 28M AEG (2.8%)
    • KOL Round: 40M AEG (4%)
    • Public IDO: 18M AEG (1.8%)
    • Initial Liquidity: 12M AEG (1.2%)

    VESTING FOLLOWING TGE:

    • Player Rewards*: Contingent upon revenue benchmarks
    • Seed: 5% at TGE, 6 month cliff, 18 months linear vesting
    • Strategic & Avalaunch: 10% at TGE, 4 month cliff, 12 months linear vesting
    • DEX & CEX Liquidity: Discretionary unlock upon listings.
    • Treasury:  1 year cliff, 48 months linear vesting
    • Team: 1 year cliff, 60 months linear vesting
    • Marketing: 5% at TGE, 6 month cliff, 36 months linear vesting
    • Advisors: 1 year cliff, 48 months linear vesting
    • Equity Holders: 1 year cliff, 36 months linear vesting
    • Advance Round: 20% at TGE, 3 month cliff, 9 months linear vesting. 
    • KOL Round: 25% at TGE, 3 month cliff, 9 months linear vesting. 
    • Public IDO: 25% at TGE, linear release for 5 months.
    • Initial Liquidity: 100% at TGE

    *The unlocking process of the rewards pool is not tied to a specific date but rather triggered by a certain profit level. To elaborate, every AEG spent in the ecosystem goes to a pool which are allocated for rewards, burning, liquidity and further development. 

    It is essential to note it will not be inflationary, as unlocks from the rewards will always be less than what is being burned.

    Other Info:

    • Initial Liquidity: 540K USD 
    • Initial Circulating Supply: 55M AEG
    • Initial Market Cap: 2.47M USD 
    • Avalaunch Strategic Sale :  300K USD  - 9.375M AEG at 0.032 USD

    Aether Games: Strategic Sale Schedule

    Registration Schedule

    Registration Opens: Wednesday, January 17 at 3:00 p.m. (UTC)
    Registration Closes: Monday, January 22 at 6:00 p.m. (UTC)

    Sale Schedule

    Validator Round Begins: Wednesday, January 24 at 6:00 a.m. (UTC)
    Validator Round Closes: Wednesday, January 24 at 3:30 p.m. (UTC)

    Staking Round Begins: Wednesday, January 24 at 3:30 p.m. (UTC)
    Staking Round Closes: Thursday, January 25 at 6:00 a.m. (UTC)

    Booster Round Begins: Thursday, January 25 at 6:00 a.m. (UTC)
    Booster Round Closes: Thursday, January 25 at 10:30 a.m. (UTC)

    How to Participate

    To participate in Avalaunch sales, users will have to:

    • Complete their KYC Registration | Tutorial
    • Stake XAVA to secure their allocation | Tutorial
    • Register for the sale when Registration opens | Tutorial

    About Aether Games

    Aether Games: A transcendent blend of traditional and blockchain gaming, Aether Games merges the realms of high-fantasy narratives with the innovative technologies of the blockchain. This innovative transmedia development studio creates immersive gaming and entertainment experiences for both web2 and web3 audiences.

    About Avalaunch

    Avalaunch is a launchpad powered by the Avalanche platform, allowing new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. With its values deeply rooted in the early Avalanche community, we are able to offer projects confident, informed users who are aligned with the long-term goals of the rapidly expanding application ecosystem. Leveraging Avalanche’s scalable, high-throughput, and low-latency platform, Avalaunch is built by users, for teams, to help grow strong communities.

  • Avalanche’s Snowman Consensus Protocol

    Avalanche’s Snowman Consensus Protocol

    Avalanche’s Snowman Consensus protocol is the fundamental mechanism powering the Avalanche network and is crucial for its remarkable speed and security. In this report, we’ll break down the role of consensus protocols in the blockchain validation process and delve into what makes Snowman such a revolutionary breakthrough. By looking at the inner workings of Snowman, we can have a deeper understanding of the impact it has on Avalanche and the future of blockchain technology.

    The Role of the Validator

    To understand the role of a validator in the functioning and security of blockchains, we first need to break down the definition of a blockchain. To put it very simply, blocks make up the core components of the blockchain and contain a group of transactions or any other type of relevant information. As a literal chain of blocks, each block cryptographically stores the information of the previous block, meaning that every block is unique and the information inside cannot be changed.

    Blocks can contain a range of information such as:

    • Financial transaction data
    • Smart contract executions
    • Data storage requests

    Blockchains are distributed systems, meaning that they operate across a network of computers (nodes) located around the world. This distributed nature underpins the decentralized character of blockchain technology, where control and decision-making are spread across many nodes rather than being controlled by a single entity. By having a network of nodes maintaining and validating a shared ledger, this structure provides transparency, security and resilience against centralized parties.

    At the heart of this decentralized structure is the network of Validators, who are responsible for determining the validity of transactions before including them in the next block. The consensus protocol provides validators with a set of rules to ensure that they can reach a majority agreement on the current state of the network.

    On Avalanche, validator nodes, queried as part of the consensus process, play a key role in influencing the network. To earn this influence, they must stake AVAX, with the quantity of AVAX bonded by a node increasing the frequency at which it is queried by others. Validators are incentivized to participate and be responsive, as they are rewarded for their honesty and active engagement in the consensus process.

    The purpose of consensus is to enable validators to collectively establish a single source of truth across the network. The effectiveness of validators and the consensus protocol they follow is crucial for ensuring the network’s speed, security, and scalability.

    A Brief History of Consensus Mechanisms

    “How do we achieve agreement between a set of machines?”

    This was the question asked by computer scientists Leslie Lamport and Barbara Liskov in the 1970s, which resulted in their pioneering research paper: The Byzantine Generals Problem. The challenge of reaching consensus is explained through the following analogy:

    A group of Byzantine Generals must agree on a unified plan to attack a city, communicating only through messengers, with the possibility that some generals may be traitors who are trying to sabotage the plan. The central problem is how the loyal generals can ensure that consensus can be achieved when there is uncertainty about the loyalty of others. This problem is fundamental in understanding and designing algorithms for distributed systems where network nodes must agree on a state.

    The paper demonstrates that consensus can be achieved as long as two thirds of the generals are loyal. This concept has formed the basis for various fault-tolerant distributed systems.

    Classical Consensus

    The first solution to the consensus problem was Classical Consensus, designed by Lamport and Liskov. It involves a key property which is all-to-all voting – meaning that every validator node must vote on whether they would like to accept or reject a transaction. As long as the number of participating nodes is small, transactions are confirmed very quickly. However, as the network grows, each node must communicate with an increasing number of other nodes, making scalability challenging. Classical Consensus also requires that each node has knowledge of every other participating node; a characteristic which limits its usability in open, permissionless networks.

    Nakamoto Consensus

    The next major development in consensus protocols was introduced by Satoshi Nakamoto in the Bitcoin Whitepaper. This new approach, known as Nakamoto Consensus, operates under a fundamentally different principle where nodes do not need to identify other nodes to achieve consensus. It is built on probabilistic safety guarantees which means that nodes send the same number of messages regardless of the network’s size.

    Nakamoto Consensus offers a significant advantage in decentralized environments, due to its ability to achieve consensus without requiring knowledge of all participants. However, this approach has its drawbacks. These protocols are very slow, with transactions taking up to 1 hour to be finalized. Nodes must solve complex cryptographic puzzles in order to produce the next block, requiring heavy computational power which makes it very energy-intensive to run.

    Despite these challenges, Nakamoto Consensus represents a pivotal shift in enabling trustless digital systems.

    Avalanche Consensus

    The Avalanche Consensus family combines the strongest elements of the Classical and Nakamoto designs to redefine the capabilities of consensus protocols. Inspired by gossip algorithms, its probabilistic nature enables it to be a lightweight protocol that doesn’t compromise on speed, scalability or security. Rather than asking every single node to vote on a transaction, Avalanche Consensus uses repeated random subsampling of a small set of nodes – the number of messages each node has to handle doesn’t change, even as more nodes join the network. This innovation allows for lightning-fast consensus to be achieved without the need for intensive computational work.

    The Snowman Consensus is an implementation of the Avalanche Consensus, specially tailored for blockchains which require linear, ordered consensus – such as those built for smart contract execution.

    Avalanche Consensus is a groundbreaking milestone in the evolution of consensus protocols and has paved the way for a new generation of blockchain networks.

    For a deeper look into Avalanche Consensus, read the full whitepaper here.

    Breaking Down the Snowman Consensus Protocol

    The distinguishing feature of Snowman Consensus, setting it apart from its predecessors, lies in the use of a sub-sampled voting process. This decision-making process is enabled by the Snowball consensus algorithm, which has pre-determined parameters to efficiently achieve consensus:

    • The number of participants in the network
    • Sample size – the number of nodes queried by the validator
    • Quorum size – the number required to reach a majority reply
    • Decision threshold – the number of times a majority must be received consecutively in order to come to a final decision

    The Validation Process

    The process of achieving consensus on Avalanche

    When a validator receives a broadcasted transaction, it must first determine the validity of a transaction before beginning consensus.

    Example: Alice has 2 AVAX in her wallet. She tries to send 5 AVAX to Bob – this transaction is clearly invalid as Alice doesn’t have enough AVAX in her wallet.

    Once a transaction is determined to be valid, the consensus process can begin.

    To determine whether a transaction should be accepted, the node asks a small set of randomly selected validator nodes on their preference. Each queried node then replies with their preferred transaction, with the quorum size determining the majority reply. In order to come to a final decision, the subsampling process is repeated with different sets of nodes until a majority reply is received for a pre-determined number of consecutive rounds.

    Transactions can be finalized quickly if there are no conflicts. In the case of conflicts, honest validators quickly gather around the conflicting transactions. This creates a reinforced feedback loop, where each round of consensus increasingly aligns their preferences, until everyone reaches an agreement.

    It’s important to note that the sub-sampling performed by nodes is not entirely random – selection is weighted by stake amount, meaning that nodes with more staked AVAX are more likely to be queried.

    Through the sub-sampling process, validators actively adjust their own preference to guide the network towards a unified, collective decision.

    See here for an excellent visual demo of the Snowman Consensus in action.

    Benefits of Snowman Consensus

    Scalability – Enabled by its subsampling process, Snowman Consensus ensures that the number of messages each node sends remains the same, whether the network is made up of 100 or 100,000 nodes.

    Speed – Without the need to query every single node on the network, Snowman achieves an extremely lightweight design that can rapidly process and confirm transactions. This efficiency is amplified by the fact that the Avalanche Consensus protocol guarantees that if an honest validator accepts a transaction, all other honest validators will inevitably reach the same conclusion.

    Security – Snowman’s probabilistic approach, where each node repeatedly queries a random subset of nodes, greatly reduces the chances of malicious nodes consistently influencing the network, thus maintaining the integrity of the network’s decision-making.

    Decentralization – The performance of the network is unaffected by the number of nodes, promoting an open and permissionless environment where any node can contribute to securing the network.

    Efficiency – Instead of operating on fixed slot times, like other consensus protocols, Snowman adopts a dynamic approach to block production based on the activity of the network. This versatility ensures a more responsive and efficient block generation, tailored to the current state of the network.

    Conclusion

    The Snowman Consensus, as a key component of the Avalanche Consensus family, represents a significant evolution in distributed systems. By addressing the limitations of previous consensus mechanisms, Snowman introduces a more scalable, swift, secure, and decentralized approach to blockchain consensus. Its innovative subsampling and probabilistic methods, coupled with dynamic block production, mark a notable advancement in ensuring faster transaction processing, robust security, and efficient network operation without compromising on decentralization. This makes Snowman Consensus a crucial element in the development of more resilient and adaptable blockchain networks, paving the way for a new era of distributed digital systems.

  • Introducing Bloom

    Introducing Bloom

    An Open Framework to Safely Decentralize Avalanche Subnets

    Avalaunch and GoGoPool are excited to introduce Bloom, an open framework allowing Subnet builders to programmatically attract validators and delegators to decentralize their networks. 

    Bloom accelerates the growth of the Avalanche Network by utilizing the XAVA and GGP tokens as a platform for decentralization. This framework addresses the common challenges faced by various stakeholders in the Web3 ecosystem, from Subnet teams to validators and crypto users.

    The Problem with Decentralizing Blockchain Networks

    The process of decentralizing blockchain networks presents numerous challenges, leading to delays in network launches and expansions. The three key stakeholders – Subnet teams, validators and crypto users – each face unique difficulties:

    • Subnet Teams – Achieving decentralization before reaching product-market fit can be costly. Many teams, often from a Web2 background, grapple with the implications of decentralization, such as counterparty identification, KYC requirements, hardware specifications, and the necessity of a token.
    • Validators – Validators seek sustainable business models that thrive in both bear and bull markets. They need efficient ways to connect with Subnet teams, understand opportunities and demonstrate their unique value in a competitive space.
    • Crypto Users – Users look for ways to support their preferred Subnets through delegation or staking, participate in DeFi activities, and contribute to the growth of the Avalanche Network and the broader Web3 ecosystem.

    Bloom: The Solution for Safe Decentralization

    Bloom is a permissionless, secure, and adaptable framework: the result of a year-long comprehensive research effort by Avalaunch and GoGoPool. It offers a structured yet flexible approach for Subnet teams to grow through decentralization and minimize counterparty risks. 

    The framework has a few goals: 

    1. Maximize value accrual to the blockchain network
    2. Allow teams to have an ROI-positive way to decentralize
    3. Address unique challenges and create new opportunities for each stakeholder

    This gives Subnet Teams and Developers a way to programmatically: 

    • Attract stakers for enhanced network security via liquid staking
    • Engage and incentivise diverse node operators
    • Iteratively decentralize and grow their networks

    Validator Node Operators can:

    • Gain early and exclusive access to networks
    • Develop sustainable business models 
    • Earn higher yields through hardware provisioning and maintenance

    Delegators and Crypto Users can:

    • Participate in Subnet ownership
    • Earn yields on the C-Chain and participate in DeFi
    • Actively contribute to the growth and decentralization of Subnets

    Value Accrual for XAVA & GGP

    Some of the value accrual for XAVA and GGP holders are as follows:

    • Delegation Pool: Representing the underlying assets of the liquid staking vault which accrues rewards and fees back to delegators.
    • Operator Pool: A 50/50 split of Operator Pool profits between GoGoPool and Avalaunch, distributed to token stakers.
    • Matching Pool: A Subnet-determined pool of native staking tokens that are used to launch validators.
    • Matching Queue: Node operators will be able to enter into the Matching Queue via the GoGoPool protocol and earn a Node Operator Commission on matched funds from the Delegation Pool.

    Why Bloom? Why Now?

    With the increasing number of teams exploring and experimenting with Subnets, there is a clear demand for a realistic and secure path to decentralization. Bloom aims to set the foundation for this journey, allowing the ecosystem to build and expand upon it. 

    So, What Happens Next? 

    Bloom is going to be an open and permissionless framework. Our teams will share further information about Bloom’s technical architecture, how GGP and XAVA token holders will benefit, provide clarity for launch timelines, as well as making the testnet framework accessible.

    Avalaunch & GoGoPool

    Avalaunch was always driven to be more than a static launchpad. Today, a partnership with GoGoPool represents the beginning of an endgame where support and benefit from the Avalanche ecosystem goes beyond launching projects. While token sales will always remain central to the mission and a core competency, the XAVA token will now be able to help Subnets grow past their IDO and benefit stakers accordingly. 

    Since their Avalaunch IDO in April of 2023, GoGoPool (GGP) has established itself as a critical pillar of the Avalanche community via its decentralized and inclusive infrastructure. GGP lowers barriers to entry for validation by providing a faster, more convenient alternative through their liquid staked AVAX product. The GGP token and protocol has firmly rooted itself inside the security and ever-expanding economics of the growing Avalanche network.

  • Upcoming IDOs on Avalaunch: A Sneak Peek

    Upcoming IDOs on Avalaunch: A Sneak Peek

    Over the past two years, Avalanche has emerged as a truly global platform, realizing its vision of establishing an interconnected ecosystem of high-performing blockchains. Avalanche’s powerful framework has unleashed a surge of innovation across various sectors – from gaming to the tokenization of RWAs and household e-commerce brands.

    At Avalaunch, we are grateful to have played a core role in nurturing the growth of the Avalanche ecosystem and forging deep partnerships that enable the next generation of game changing products. While we typically avoid teasing our community without specific timelines in place, we wanted to share our excitement with the Avalaunch community for the journey that lies ahead.

    We have been working closely with some of the most innovative projects on Avalanche and we can finally reveal a sneak peek of some of the upcoming IDOs on Avalaunch. These are projects that have persevered and evolved through challenging market conditions while staying true to their original vision.

    It’s important to note that this is by no means a complete list. There are others in the fold. The projects we are working with are at various stages of their strategic planning. This ranges from finalizing the tokenomic design to navigating through investment rounds. As such, we are unable to disclose every project preparing for an Avalaunch IDO.

    In line with our philosophy at Avalaunch, we are committed to providing XAVA holders with the highest quality projects and also empowering our community to directly contribute to the growth of the ecosystem.

    While specific timelines are TBA and the projects below are not listed in any particular order, we can ensure that there is a lot to look forward to with things kicking off in January.

    DeltaPrime

    DeltaPrime is building a gateway into an interconnected DeFi ecosystem. By enabling users to borrow up to 5x their collateral, DeltaPrime’s innovative design empowers users to maximize the potential of their portfolio. With a Prime Account, users can securely use their collateral and borrowed assets to create custom strategies using whitelisted blue-chip DeFi protocols. DeltaPrime puts a strong emphasis on security, ensuring trustless lending and borrowing while upholding platform stability with a secure liquidation approach that protects both depositors and borrowers.

    With $21.5M TVL already deposited on the platform, DeltaPrime has successfully unlocked $17.2M in liquidity. As the project continues to grow, further protocols will be integrated, giving users even more flexibility in their DeFi strategies.

    Website: deltaprime.io

    Socials: twitter.com/DeltaPrimeDefi

    Struct

    Struct is democratizing access to sophisticated structured financial products through its tranched interest rate vaults. Designed for simplicity, it caters to both institutional and retail users, offering a range of products for various risk profiles. Its decentralized interest vaults offers users stable returns (fixed rate) or the option to leverage their position at an increased exposure (variable rate). This process, known as tranching, is achieved by repackaging riskier assets into tiered assets with varying returns. In doing so, it redistributes the risk and diversifies investment options. The vaults are made up of yield-bearing positions which are strategically directed to blue-chip DeFi protocols, making Struct a core liquidity provider in the DeFi ecosystem. By offering vaults tailored to varying risk preferences, Struct is able to attract more users which inherently deepens liquidity and greatly enhances capital efficiency.

    Users can already deposit into a range of interest rate vaults built on top of GMX, with structured auto-pool vaults leveraging Trader Joe’s Liquidity Book coming soon.

    Website: struct.fi

    Socials: twitter.com/StructFinance

    Movement

    Movement is building an open modular framework to enable the next-generation of Move-based blockchains. Their goal is to drive the adoption of the Move language and its built-in security features, to create a safer environment for innovative products to reach mass adoption. Leveraging Avalanche Subnet customizability, it has launched M1, which is powered by the Snowman Consensus mechanism. M1 will serve as a decentralized sequencing layer for M2 – the first Move-based L2 on Ethereum. Forming deep partnerships with the industry’s leading infrastructure protocols, Movement is emerging as pioneers in the modular blockchain landscape.

    Website: movementlabs.xyz

    Socials: twitter.com/movementlabsxyz

    Levr Bet

    Sports betting is an $80B+ industry and Levr Bet is building a decentralized platform to revolutionize this rapidly growing market. Enabled by blockchain technology, Levr Bet is the first protocol to allows users to trade their sports betting positions with up to 5x leverage. Built on top of a powerful on-chain orderbook, Levr Bet merges with a DeFi framework to provide users with a transparent and secure way to wage bets on major sports markets. With the platform’s full launch in 2024, users can now sign up for Levr Bet’s upcoming beta testing phase to earn activity points which count towards a future airdrop. Blockchain features will be a game changer for the betting industry and Levr Bet is set to lead this movement with industry firsts.

    Website: levr.bet

    Socials: twitter.com/LEVR_bet

    Aether Games

    Aether Games introduces its flagship Trading Card Game (TCG) which unlocks true digital ownership within this immensely popular genre. Leveraging blockchain’s transparency and open economies, players can freely trade and sell their collectible cards. Aether Game’s TCG is set in a dark fantasy world, where players strategically build card decks to defeat their opponents in thrilling and competitive gameplay. With the TCG genre boasting an audience of 10M+ in the US alone, Aether is focused on providing a gaming experience that welcomes all competitive gamers – whether they prefer F2P or P2E styles. It also places a strong emphasis on attracting traditional players by seamlessly integrating blockchain features to enhance the overall experience.

    By using NFTs to reward early supporters and deepen player engagement, Aether is building an organic community while establishing a thriving hub for the TCG genre on the Avalanche platform. The early access version of Aether’s TCG is now live on both Beam and Steam, aligning closely with Beam’s player-centric philosophy.

    Website: aethergames.io

    Socials: twitter.com/AetherGamesInc

    Pulsar

    Explore, Build, Mine, Survive.

    Created by gaming industry veterans, Pulsar is a Sci-Fi MMO-RTS which seamlessly combines the stunning visuals of RTS games with the community-driven layer of MMOs. The game is set in an expansive open world, where players must manage plots of land, build bases and extract valuable resources to grow their empire. With PLSR as the native currency, players are empowered to trade freely within Web3’s open economy, thereby facilitating a more immersive MMO experience which cannot be replicated in traditional game design. In-game assets, such as land plots and buildings take the form of NFTs, introducing the concept of ownership and serving as a foundation for stronger player involvement.

    The Pulsar team recognized the groundbreaking capabilities of Avalanche Subnets, leveraging their high throughput and customizable parameters. Pulsar recently surpassed 100M+ transactions, providing us with a glimpse into the journey ahead.

    Website: pulsar.game

    Socials: twitter.com/PulsarGame

    Arcade Galaxy

    As part of the Beam ecosystem, Arcade Galaxy is bringing a fun, retro-inspired racing game to the Web3 gaming landscape. Players can compete in exhilarating races on crazy obstacle courses to earn rewards and personalize their racing cub with unique skins – this is a game that will appeal to all kinds of players. Arcade Galaxy empowers content creators by enabling them to design their own custom tracks to share with the community. These minigames can be hosted on customizable planets, which players can own to generate real world value.

    Arcade Galaxy has recently hosted the finale of its Grand Map Challenge, where map creators submitted their designs to compete for exclusive prizes.

    Website: arcadegalaxy.space

    Socials: twitter.com/arcadegalaxy_

     

  • Beam: Leading the Gaming Evolution

    Beam: Leading the Gaming Evolution

    The landscape of Web3 gaming has undergone a remarkable transformation. Today we find ourselves at the stage where the underlying technology enhances rather than restricts creativity and innovation in game development, moving beyond initial experimental models like Play-to-Earn. Leading the efforts is Beam, who has taken on the responsibility of ensuring that the potential of this space can be fully realized. Blending revolutionary technology with a nostalgic feel, Beam addresses the issues that have held the space back in recent years, with every aspect of the platform designed to shift power back into the hands of the players. We will be exploring the individual components of Beam, demonstrating its commitment to bringing to life a new way of gaming.

    An Introduction to Beam

    Beam stands at the frontier of the gaming evolution. As a pioneering gaming blockchain leveraging Avalanche’s Subnet technology, Beam is building a platform for game developers to easily integrate the Web3 features that are revolutionizing the fundamental framework of game design. By empowering developers with a rich suite of tools, an entire ecosystem of games is taking shape on Beam, offering players a gateway into a multitude of new experiences.

    The decision to utilize the Subnet design was an easy one – Subnets are one of the few solutions that offer such a high degree of flexibility whilst still being rooted to the speed and security of the Avalanche network. A sovereign blockchain allows the freedom to choose your own native gas token, a customized validator set to ensure regulatory or hardware requirements are met and of course, private blockspace. Crucially, with Avalanche’s consensus mechanism, it achieves sub-second finality – a vital component to the gaming industry where high throughput and low latency are key requirements.

    Merit Circle DAO: A Collaborative Force Behind Beam

    Beam aims to offer the most powerful set of gaming-focused tools as well as an ecosystem for a passionate community to come together and foster growth. But above all, games building on Beam have the opportunity to collaborate and tap into the expertise of Merit Circle DAO, a leader in the Web3 gaming industry.

    Since its original roots as an Axie Infinity guild, bringing together an entire network of players from across the world, Merit Circle has not only experienced first-hand, but has also been a key contributor to the Web3 gaming evolution. Throughout this journey, they have gained a profound understanding of the industry’s missing pieces and what it will take to usher in a new era of gaming, which has resulted in the creation of Beam. Few teams possess the extensive knowledge of the gaming space that Merit Circle has, along with their deep commitment in pushing the industry forward.

    A Player-Focused Philosophy

    The core philosophy of Beam is to empower players with new gaming experiences that allow levels of ownership that have simply not been possible in traditional game design. They also understand that this may not be for everyone, which is why Beam has removed all blockchain complexities for the average player. However, it simultaneously caters to those who do want to take ownership of their in-game assets. This flexibility to opt-in for ownership is perhaps what makes Beam’s approach so effective, striking a unique balance between innovation and accessibility.

    Beam has a crystal clear vision: to give power back to the players by simplifying Web3-enabled game development and accelerating the next generation of games being built. With an entire library of games already integrating with the network, Beam is a testament to how far the gaming industry has come through the impact of blockchain technology.

    How Beam is Reshaping the Future of Gaming

    Beam has been carefully designed to give players a superior gaming experience that expertly merges Web3’s capabilities with uninterrupted gameplay. Every element of Beam embodies this philosophy, ensuring that all players can benefit from this revolutionary era in gaming.

    Effortless Ownership

    Blockchain technology has redefined the concept of ownership in gaming and with it, what players should expect from the hours they put into a game. Beam’s Companion App allows players to easily link their in-game profile to set up an account which gives them full ownership of their in-game items. Working with OpenFort to leverage Account Abstraction, a player can setup an account with their chosen social login in seconds. Their private key is securely encrypted into their device so that there is no need to worry about any recovery phrases. This simple flow addresses one of the biggest challenges that has been holding the space back, preventing adoption from millions of traditional gamers.

    By giving players the option to take ownership only if they choose to, Beam empowers them to simply enjoy the gameplay without ever having to deal with the blockchain layer. For experienced Web3 gamers or those who want to explore the ownership aspect, the Companion App can be used to swap assets, send in-game items to friends or lock up their items in a secure vault. This level of flexibility also allows players to unlock true ownership only when they feel it is worthwhile.

    The Companion App showcases Beam’s dedication to building an inclusive blockchain-powered platform. It offers a versatile and robust solution, designed to meet the diverse needs of all players on Beam.

    Source: @BuildonBeam

    Player-Driven Economies

    The industry’s shift away from the Play-to-Earn model has brought into focus a key element that is lacking in traditional games: the ability to freely trade digital assets which hold real value. Before the integration of blockchain infrastructure, players faced very fragmented and limited ways of trading their assets. There was no true ownership involved as these items technically belonged to the game studio and there was no reliable way of verifying the authenticity of an item.

    As digital items found their space in the Web3 landscape, multitudes of NFT marketplaces have appeared but none have focused solely on gaming. Merit Circle took this problem into their own hands and have built Sphere – a marketplace built specifically for trading gaming assets. Although it can act as a standalone marketplace, Sphere’s primary role is to enable games to easily build their own in-game marketplace which uses Sphere’s API as its foundation.

    At Beam, transparency is one of the core values. Unlike many other platforms, Sphere will include information that is important to gamers – such as the context of the rarity of an item and its actual utility within the game. These are small but essential details to enhancing the gaming experience, which have often been overlooked. Sphere’s design is centered around a seamless user experience and aims to offer the premier solution to facilitating player-driven economies.

    Source: @BuildonBeam

    Simplified Integration

    To best serve the players, Beam first has to provide game developers with the tools needed to build the most fun and engaging experiences. Beam SDK acts as the invisible link for builders to seamlessly integrate their game to the Beam Network and leverage blockchain’s capabilities. It has been created to allow developers to focus on the creativity of game development and not have to worry about the complexities of blockchain integration. At its core, the Beam SDK is a flexible tool that gives developers the power to maintain control over their game design throughout the development process. By utilizing Beam SDK, developers gain access to the innovative possibilities offered by the Beam Network, enhancing the overall gaming experience without compromising their creative vision.

    Source: @BuildonBeam

    A Unified Ecosystem

    Beam’s core mission is to foster an ecosystem that unites passionate gamers and developers, driving the advancement of Web3 gaming into the mainstream. Beam Hub acts as the home of the Beam ecosystem, where players can come to discover new experiences, rate and review games and connect with other players. Its thoughtful design caters to two key audiences – early access players and competitive players, making Beam a truly universal platform. Because at Beam, the voice of the player matters and building a strong player-first community is central to its vision. Beam Hub is not only a place for discovery but empowers players to actively participate in the development and evolution of their favourite games.

    As Beam’s product suite grows, BeamOS is where you can discover every tool and feature built on Beam.

    Source: @BuildOnBeam

    The Beam Expansion

    Source: @BuildOnBeam

    Launching as an Avalanche Subnet was the first step in Beam’s vision of evolving into a chain-agnostic gaming hub. Beam has recently announced that it will be joining forces with the Immutable zkEVM, powered by Polygon. This collaboration will kick off with two major developments: the launch of the Sphere marketplace on Immutable and the integration of the Immutable Passport into Beam’s Companion App. This is a significant step in making Sphere the go-to marketplace for all games.

    Through Beam, we are witnessing the largest names in Web3 gaming working together to unlock the most powerful gaming infrastructure. In doing so, this will accelerate Web3 game development and create an even more enriching gaming experience. Beam’s commitment to becoming chain agnostic will enable it to reach players from all corners of the gaming landscape.

    The BEAM Token

    With the launch of Beam and the approvals of MIP-28 and MIP-29, the Merit Circle token ($MC) has now migrated to the $BEAM token. BEAM has several built-in utilities which include:

    • Delegation – BEAM holders will be able to participate in securing the network by delegating their tokens to a Beam Validator.
    • Governance – Participate in the governance of the Merit Circle DAO.
    • Gas Token – Every transaction on Beam will require BEAM to be paid as gas, with part of this fee distributed to validators and another portion burned.
    • Validation – Secure the network by running a Beam validator node and receive BEAM rewards.
    • Buyback & Burn – As part of MIP-7, which ensures that the Merit Circle DAO maintains a self-sustaining system, 15% of the DAO’s investment proceeds will be used to buyback & burn BEAM to decrease its supply.

    Merit Circle DAO’s MIP-7 Proposal

    Beam Spotlight

    City of Greed

    “Mastermind your strategy, accumulate resources, and triumph over escalating land taxes as you navigate this dynamic blend of Roguelike, Resource Management, and Deck-building.”

    🕹️ Play City of Greed

    Megaweapon

    “Prepare for an action-packed gaming experience in the fast-paced, top-down shooter world of Megaweapon, featuring various avatars, game modes, and maps to explore!”

    🕹️ Play Megaweapon

    Raini: The Lords of Light

    “A card game set in the fantasy world of Rainiverse where players have to strategically manage an army of creatures to defeat the main enemy, Quantum Rug.”

    🕹️ Play Raini: The Lords of Light

    Castle of Blackwater

    “Experience the mysterious fantastical 2D social deduction game with Castle of Blackwater, where players can play different roles, scout the village, and finish quests.”

    Coming Soon

    Explore and keep updated with all the new games building on Beam.

    Conclusion

    Although Beam’s journey has just begun, it represents a monumental force in the gaming industry, bringing together the expertise of Merit Circle, the powerful engine of Avalanche technology and deep industry partnerships such as Immutable and Polygon. In the search for the perfect balance between Web3 features and enhanced creativity in game design, we are finally seeing this vision come together. Players’ growing desire for ownership and agency in their gaming experience is central to Beam’s philosophy. The platform’s unique approach of allowing players to opt-in to the ownership element, while simultaneously abstracting the complexities of crypto, is pivotal in attracting a broader audience. Beam is dedicated to solving two fundamental challenges – streamlining the on-chain experience for players and simplifying all blockchain elements for developers.

    However, Beam is much more than just a place to have fun, it’s a platform where communities can come together to create meaningful experiences whilst pushing the technological boundaries of innovation. The ultimate goal is to bring these dynamic experiences to a global audience. Beam’s ecosystem represents a significant leap forward in the gaming industry, where player engagement and cutting-edge game development converge to make way for the next generation of gaming.

  • Tokenization on Avalanche

    Tokenization on Avalanche

    The Rise of Tokenization: Understanding its Importance

    In recent months, the tokenization of real-world assets (RWAs)  the blockchain ecosystem. Tokenization is the process of converting the rights to an asset—whether tangible or intangible—into a digital token on a blockchain.

    These on-chain tokens act as a digital representation of ownership, encapsulating the value and rights associated with a physical or digital asset. This transformation is facilitated through the use of smart contracts – enabling the entire process to be seamlessly automated.

    In contrast to traditional systems, tokenization allows transparent and secure issuance, along with efficient management of these digital assets, therefore overcoming the inherent limitations and inefficiencies of current frameworks.

    This powerful use case of blockchain technology has found a compelling synergy with the values of DeFi – creating a unique opportunity which significantly amplifies their combined impact on the financial system. By combining the virtues of DeFi with the tokenization of RWAs, we now have the ability to source more stable collateral. This not only results in more sustainable yield and diversified risk for these protocols, but also solidifies DeFi’s inevitable position within the broader financial landscape. As DeFi continues to innovate towards a transparent, open economy, tokenization stands at the forefront as an instrumental tool, providing a clear and direct path to this ambitious goal.

    It’s important to note that tokenization does much more than merely streamline the financial system – it has the potential to revolutionize the global economy on a fundamental level. It realistically enables a future where opportunities are democratized and legacy systems are reconfigured to push forward a new era in the evolution of humanity. By tokenizing RWAs, we are actively enabling global, inclusive participation in wealth creation, thereby transforming the economy and laying the groundwork for a fairer world.

    The Tokenization Market Outlook

    Leading institutions are viewing tokenization as a trillion dollar market opportunity due to its ability to unlock the liquidity of currently illiquid assets – primarily in the private capital markets. Boston Consulting Group projects that, as a conservative estimate, the global market for tokenized illiquid assets could reach $16 trillion by 2030. However, on the higher end of the projection, the market has the potential to reach an astounding $68 trillion.

    Considering the exponential scale of the tokenization market, an increasing number of leading financial institutions are recognizing the magnitude of its potential. In this sector alone, tokenization is firmly positioning itself as the catalyst for widespread adoption of blockchain technology.

    What is being tokenized?

    Whilst financial instruments are leading the way, there is a wide spectrum of traditional assets that can be tokenized:

    • Traditional financial instruments
      • Securities – This broad category includes equity securities (stocks), debt securities (bonds), derivatives and various types of investment funds.
      • Structured Investment Products – Complex financial instruments crafted from multiple underlying assets like bonds, commodities, currencies, equities or mortgages. They strategically combine various elements from securities and derivatives to tailor risk and return profiles.
      • Private equity – Involves investments in private companies – typically reserved for high-net-worth individuals (HNWIs) and investment funds.
      • FX Market – Includes all currencies that are traded internationally.
      • Derivatives – Financial contracts whose value depends on an underlying asset – can include futures, options and swaps.
    • Commodities
    • Insurance
    • Intellectual Property
    • Real Estate
    • Wine, Fine Art, Luxury goods and other rare collectibles

    The Transformative Potential of Blockchain

    For Investors

    • Democratized access – Tokenization facilitates asset fractionalization, which substantially broadens market participation – especially in private markets and structured investment products, which are historically reserved for HNWIs. The significantly reduced operational costs for issuers also enables smaller investment minimums, further empowering retail investors.
    • Ownership rights – Blockchain provides a secure ledger where each token represents a stake in an underlying asset. This immutable record ensures that the investors’ ownership rights are not just recognized, but also easily transferable – making the investment process much more flexible.
    • Transparency & security – On the security layer, blockchain’s immutability ensures accurate and transparent records, giving investors peace of mind and greater confidence in their on-chain investments.
    • Efficiency – Automation via smart contracts streamlines the distribution of payouts, dividends and interest, making the investment process more effortless and efficient.

    For Issuers

    • Increased liquidity – The ability to fractionalize assets plays a huge role in unlocking liquidity across various markets. Bain Capital estimates that private assets outside the financial system are worth around $540 trillion – a large amount of which face liquidity challenges. Tokenization is emerging as an effective solution in unlocking value and providing easier access to capital for traditionally illiquid assets.
    • Real-time settlement – Unlike traditional systems, where settlement can take days, blockchain facilitates near-instant settlement, thus eliminating counterparty risk and transforming the investment workflow.
    • Operational efficiency – Manually-intensive operations can be automated via smart contracts. Boston Consulting Group reports that asset tokenization could save $20 billion in global clearing and settlement costs alone.
    • Regulatory compliance – Subnet technology on Avalanche provides issuers with the ability to create customized blockchains that can be easily configured to meet compliance laws of any part of the world they operate in.

    Interoperability – powering innovation

    Interoperability, one of the key virtues of blockchain technology, serves as a powerful catalyst for innovation, enabling seamless composability between applications.

    For investors, this unlocks an increased number of investment opportunities, which further diversifies their portfolio. Meanwhile, for issuers, it allows them to leverage the benefits of interconnected applications, expanding their reach to a broader number of market participants.

    Interoperability plays an important role in cultivating a more inclusive and connected ecosystem across various industries, allowing for capabilities beyond the restrictions of legacy infrastructure.

    The Tokenization Landscape on Avalanche

    Avalanche’s dynamic Subnet technology is empowering institutions and traditional companies across industries. Leveraging their customizable features, these companies are not only seamlessly transitioning their existing offerings on-chain but also introducing new innovative tokenized products. Here’s an overview of 9 tokenized products being built exclusively on Avalanche:

    Financial Services

    Securitize & KKR

    Securitize, an industry-leading tokenization platform, has been instrumental in driving accessibility to the private markets through compliant tokenization. In September 2022, they collaborated with prominent global asset manager, KKR, to provide tokenized exposure on Avalanche to KKR’s healthcare fund, typically reserved for HNWIs. This pioneering effort signified a major advancement in Avalanche’s objective to digitize RWAs.

    Further pushing market transformation, in July 2023, Securitize initiated the offering of tokenized shares in a Spanish real estate investment fund, specializing in commercial healthcare real estate. Securitize is the first to offer such digital asset securities under the EU’s new pilot regime for digital assets.

    Intain

    As part of Avalanche’s Evergreen initiative, Intain was one of the first structured financial services to build a Subnet with IntainMARKETS – a tokenized marketplace for asset-backed securities. Intain leverages automation and blockchain transparency for operational efficiency, enabling real-time investor reporting and swift payouts. This increased efficiency means a reduction in costs, which in turn allows for lower investment minimums, broadening the reach of their structured investment products.

    By unifying all trust intermediaries onto a single platform for its administration services, Intain showcases blockchain’s ability to substantially streamline the entire deal structure process.

    DEFYCA

    Digital securities firm, DEFYCA, is building a tokenized private credit protocol that aims to open up investment opportunities in the private markets. Utilizing blockchain technology, DEFYCA is the first company to offer tokenized securities to professional investors under the EU’s upcoming cryptocurrency regulatory framework – MiCA.

    In traditional systems, debt issuance is a manually-intensive operation, which involves liability matching, settlement, payment flows and price discovery. DEFYCA automates these steps through smart contracts, greatly improving administrative efficiency.

    AmFi

    AmFi is a financing platform that combines traditional financial products with blockchain’s efficiencies, enabling companies to easily set up and manage real-world credit solutions through automated processes. Its first product, AmFi Liquidity Pools, allow established financial services to create Funding Pools that are collateralized with tokenized RWAs. These Liquidity Pools faciliate funding for businesses whilst offering innovative products to investors. AmFi’s current focus is on democratizing access to capital for smaller businesses in Latin America.

    INX

    INX, an SEC-registered platform, facilitates compliant trading and investment in both cryptocurrency and security tokens. INX also helps companies raise capital through the issuance of digital securities and in doing so, provides unique investment opportunities. As part of its services, INX offers a comprehensive solution for issuing SEC-compliant digital securities, from token modelling and smart contract deployment to management of the token’s lifecycle.

    INX works closely with regulators to ensure compliance, actively contributing to the development of regulatory frameworks in the digital asset industry.

    HiYield

    As part of Avalanche Vista’s initial cohort, HiYield is developing a user-friendly platform that aims to consolidate the global on-chain capital markets. The platform provides investors with an expanding set of strategies designed to generate sustainable yields across a diverse range of institutional-grade asset classes.

    HiYield is building towards a more inclusive financial system powered by blockchain technology. It aims to offer features such as fractional ownership, enhanced liquidity & accessibility, peer-to-peer lending & borrowing, and interest earning opportunities.

    Cables

    Cables is innovating in the tokenization space by integrating blockchain settlement technlogy into the FX industry – establishing itself as one of the first protocols to focus on this sector of the market. A self-custody DEX built on Avalanche, Cables is focusing on stablecoin and cross-chain pairs. The platform’s mission is to incorporate blockchain rails into the FX market as well as bringing FX derivatives to the stablecoin market. This unique approach gives both institutional and retail investors access to transparent pricing and unified liquidity, all within a non-custodial framework.

    Insurance Services

    Re

    Re’s vision is to streamline the process of connecting capital in the nearly $1 trillion reinsurance market, increasing accessibility to this traditionally ambiguous asset class. Simply put, reinsurance is ‘insurance for insurance companies’ – it allows insurers to transfer their risk to a reinsurance company. This ensures that they can maintain a healthy balance sheet to allow for seamless payouts when claims are made.

    The Re protocol gives accredited investors the opportunity to provide backing for real-world insurance policies and companies across a variety of risk portfolios. To achieve this, Re is building a dual product model on Avalanche. This involves the main dApp that lives on the Primary Network and a Subnet designed to store all private information – demonstrating the versatile use cases of Avalanche Subnets.

    By leveraging blockchain’s transparency and speed, Re not only offers a superior experience to insurers, reinsurers and policyholders, but also expands opportunities for participation in the reinsurance market.

    Lemonade

    In March 2022, digital insurance company, Lemonade, made a significant move into the blockchain industry. They launched an initiative to protect African smallholder farmers from climate change risks by offering permissionless on-chain insurance. Built on Avalanche, the offering is one of the first projects by the Lemonade Crypto Climate Coalition, a DAO funded by the Lemonade Foundation.

    The project addresses a pressing issue facing 300 million smallholder farmers in Africa, who largely lack protection against climate-related risks. Their dependence on rainfall for crop growth is increasingly challenged by environmental conditions such as drought, which can have serious impacts on their livelihoods. Traditional weather insurance is usually unavailable or expensive in these regions due to high operational costs and inaccurate weather data.

    Lemonade’s innovative solution leverages smart contracts for policy management and automatic claim payouts, combined with Chainlink oracles for real-time weather tracking. With the huge reduction in backend costs, Lemonade is able to offer affordable insurance to farmers. Insurance capacity is provided through on-chain capital pools, which offer investors an opportunity to participate and receive a share of the farmers’ premiums. This transparent and efficient process eliminates counterparty disputes and streamlines the payout process, effectively delivering much-needed insurance services to emerging markets.

    Lemonade’s pioneering efforts signifies an important milestone, showcasing the potential of blockchain technology as a solution to global challenges.

    Avalanche Vista – Fueling Tokenization

    In July 2023, the Avalanche Foundation announced the launch of Avalanche Vista – a $50 million initiative dedicated to propelling tokenization innovation on Avalanche. The initiative aims to accelerate innovative tokenization efforts, by using the alloc ated funds to purchase tokenized assets and support teams that are making significant developments in the tokenization space.

    Avalanche Vista marks a pivotal moment in Avalanche’s journey, underlining their firm commitment to redefine traditional systems. By digitizing RWAs, Avalanche is playing a major role in democratizing access to investment opportunities, particularly within the historically-exclusive private markets.

    Conclusion

    The current financial system is undergoing a profound transformation, deeply intertwined with the rise of tokenization. As we tokenize RWAs, we are witnessing the reshaping of a global economy, through the convergence of traditional finance and DeFi. This unification is empowering the blockchain industry as a whole to demonstrate real change in creating a more inclusive financial landscape. The exponential impact of tokenization is gaining momentum and recognition across all sectors, evident in the surge of tokenized products in the ecosystem.

    The potential of blockchain is no longer just an abstract vision – it’s a tangible reality being materialized on Avalanche today. As a leading player in this paradigm shift, Avalanche’s unique features and dedication to driving change provide a powerful framework in revolutionizing our global infrastructure.

  • BTC.b – A Powerful Catalyst for the On-Chain Financial Revolution

    BTC.b – A Powerful Catalyst for the On-Chain Financial Revolution

    The Blockchain Evolution

    Since the creation of Bitcoin in 2009, blockchain technology has evolved through three significant generations. Bitcoin first revolutionized financial transactions on a global ledger, eliminating the need for trusted intermediaries. Ethereum, the second generation, expanded blockchain’s scope with smart contracts, which allowed the creation of decentralized applications (DApps) and what we now know as DeFi. However, as the user base grew, so did the demand for improved scalability. Avalanche, a third generation blockchain, has dramatically redefined a blockchain’s fundamental capabilities, establishing the foundations for an interconnected global landscape, specifically engineered for sophisticated, impactful applications.

    BTC.b – Unifying the Three Generations of Blockchain

    To bring us full circle, we have BTC.b – a native representation of Bitcoin on the Avalanche network. BTC.b retains Satoshi’s foundational principle of being a decentralized value transfer, while simultaneously expanding its functionality to actively participate in Avalanche’s rich DeFi ecosystem. By unifying the three generations of blockchain development, BTC.b democratizes access to new opportunities for both individual investors and traditional institutions alike. Moving beyond the traditional perception of Bitcoin as merely ‘digital gold’, the integration of BTC.b into the DeFi ecosystem not only taps into its $500B market cap (at the time of writing) but also further revolutionizes its potential as an asset class.

    Understanding BTC.b – What sets it apart from WBTC?

    BTC.b is a native ERC-20 token on Avalanche that represents Bitcoin bridged from the Bitcoin network, which can then be used across the ecosystem in yield-generating strategies.

    It provides a superior alternative to WBTC, by eliminating the inherent risk associated with its reliance on third party custodians. WBTC requires the user to submit a request to a merchant, who then interacts with a custodian – who is responsible for executing the minting and redeeming of the WBTC. Since this process doesn’t usually happen on-demand, WBTC holders are exposed to price volatility and a poor user experience.

    In contrast, BTC.b is minted and redeemed on-demand. This is done using the Avalanche Bridge, a non-custodial bridge that leverages the new Intel SGX technology. Its design ensures that the bridge can securely execute transfers without any one party ever having access to the bridge’s secret keys. This is crucial because the Avalanche Bridge is secured by 8 Wardens who are in charge of indexing and verifying transactions.

    Each BTC.b is fully backed by a Bitcoin locked in the Intel SGX-secured bridge application.

    In the 12+ months since its launch, BTC.b has swiftly surpassed the supply of WBTC, with WBTC’s supply on a notable downturn, indicating a clear market preference for BTC.b.

    BTC.b vs WBTC supply – gfkacid’s Dune Dashboard

    In short, BTC.b allows users to:

    • Mint and redeem their Bitcoin whenever they like
    • Bridge at a low cost
    • Be protected from price volatility & risk of depegging
    • Participate in DeFi to earn yield on their Bitcoin

    The previous risks associated with WBTC have now been replaced with a decentralized, borderless Bitcoin, marking the beginning of a new chapter in Bitcoin’s development.

    A Borderless Bitcoin

    In its evolution, BTC.b has become an Omnichain Fungible Token (OFT) built on top of the LayerZero protocol. This transforms BTC.b into a composable asset that can be used on Avalanche and all other major networks supported by LayerZero – including Ethereum, Polygon, Arbitrum and Aptos. OFTs function as native assets across all supported networks, which removes the need for reliance on centralized bridges.

    The adoption of a universal token standard not only unifies liquidity but also enables seamless integration for protocols, thereby significantly enhancing the scope of yield-generating opportunities across the vast blockchain landscape.

    A Look into BTC.b on Avalanche

    At the time of writing, there is a current supply of 4955 BTC.b with a market cap of $148M. The majority of BTC.b opportunities are on Avalanche, which holds a significant 98% of the total supply. BTC.b has effortlessly exceeded the capacity of Bitcoin on the Lightning Network, which is Bitcoin’s scaling solution. Earlier this year in March, it reached an all-time high supply of 10,000 BTC.b.

    BTC.b’s journey so far not only provides a glimpse into its immense potential but also signals an inevitable growth in demand as more individuals and institutions discover the opportunities it presents.

    Overview of BTC.b lifetime supply – gfkacid’s Dune Dashboard

    Bitcoin capacity on the Lightning Network – txstats

    BTC.b Opportunities on Avalanche

    The landscape of yield-generating opportunities on Avalanche is diverse, accommodating a wide spectrum of risk tolerance levels. Here are some notable strategies:

    • Fixed rate vaults on Struct Finance offering 10% on your BTC.b
    • Leveraged borrowing to generate yield across integrated protocols on DeltaPrime
    • Supply BTC.b or deposit as collateral and borrow on Benqi or Aave
    • Customizable concentrated liquidity strategies using Trader Joe’s Liquidity Book

    Where to Bridge BTC.b

    To participate in these opportunities, users can bridge their native Bitcoin to Avalanche with the Core browser extension to mint BTC.b, which is facilitated by the Avalanche Bridge.

    BTC.b can then be easily redeemed and bridged back to the Bitcoin network using the Core extension.

    For those who wish to explore further strategies outside of Avalanche, transfer your BTC.b across multiple networks using Layerzero’s Bitcoin Bridge.

    What the Future Holds for BTC.b

    As we look to the future of BTC.b, it’s clear that we’re only at the beginning of exploring its tremendous potential. As the number of institutions adopting Bitcoin as a reserve asset continues to grow, it’s likely that we will see the development of on-chain financial products specifically tailored for institutional investors, with a strong focus on BTC.b-centered offerings. This would be enhanced by an expansion of opportunities across multiple networks – leveraging LayerZero’s OFT standard, which enables more complex and robust strategies across various chains without the need for intermediaries. This in turn will inevitably lead to a broader range of automated vaults, further diversifying opportunities for users to participate in, so they can benefit from the evolving DeFi ecosystem in Avalanche and beyond.

    Conclusion

    BTC.b represents a significant step forward in the evolution of Bitcoin and blockchain technology as a whole. By merging Bitcoin’s transformative vision with the rich DeFi ecosystem on Avalanche, BTC.b is already paving the way for a broader and more sophisticated range of financial products, thereby redefining Bitcoin’s versatility as an asset class. Given that the emergence of DeFi was enabled by Bitcoin’s original concept, it is therefore fitting that BTC.b will play a key role in driving forward a more accessible and inclusive financial system – as this deeply embodies and upholds the core principles Bitcoin was first built upon.