Tag Archives: blockchain

Southeast Asian Venture Builder RedFOX Labs Launches First SHOP Auction for RFOX VALT Metaverse

Ho Chi Minh City, Vietnam, Sep 15, 2021 -/ExPressRelease UK/- Southeast Asian based RedFOX Labs has launched its first auction of SHOPs for the RFOX VALT metaverse, beginning on September 14, 2021, at 4:00 PM GMT+7, and lasting for 72 hours. The SHOPs being made available for bidding are in the Callinova art-themed quarter of the RFOX VALT metaverse.

RFOX VALT is a fully immersive shopping experience compatible with virtual reality. Combining gaming elements, RFOX VALT forms its own standalone metaverse experience. It brings together the best in class of crypto through NFTs and real-world applications of e-commerce, gaming, and entertainment. All SHOP, assets and billboards are NFTs and create unique opportunities for people to earn, interact and create.

The debut SHOP auction for the RFOX VALT Metaverse is a significant part of a larger metaverse movement within the crypto space and beyond. The global metaverse market is expected to reach $280 billion by 2025, representing a growth of more than 600% from just $46 billion in 2020, according to Strategy Analytics Inc.[1]

Major tech and gaming companies around the world are joining the metaverse market, like gaming platform Roblox, which went public this year and had a market cap of $52 billion as of June 2021, and WeChat, which has already been called a 2D Metaverse where customers can do practically anything, from socializing and shopping to paying for things in the real world and communicating for work.[2] Meanwhile, Facebook has been vocal about transitioning from a social media company to a metaverse one, and Epic Games has recently raised $1 billion while stating that its hit game Fortnite is a metaverse instead of a game.[3]

This interest in the metaverse has also manifested in many institutional and individual instances. Billionaire crypto investor Mike Novogratz of Galaxy Digital recently took a lead investor role in virtual real estate developer Republic Realm, particularly its $10 million investment vehicle, through his venture capital arm Galaxy Interactive.[4]

Janine Yorio, Co-President and Managing Director of Republic Realm, commented:[5]
“There was such a groundswell of interest in digital real estate in the metaverse. We felt that creating an investment product that’s fairly straightforward for individual investors to participate… would be something that would be met with a lot of positivity. We’re starting to invest in the metaverse platforms themselves in some infrastructure, so we’re just very enthusiastic about the metaverse space.”

With the RFOX VALT SHOP auction, Red Fox is giving individual investors a significant voice in dictating the future of the retail metaverse they are building. Investors can own a virtual SHOP in RFOX VALT by participating in auctions that will be held for these assets. An RFOX VALT SHOP can unlock unlimited opportunities within one of the 120 SHOPS that make up the RFOX VALT.

For the first auction, RFOX VALT is offering 25 SHOPs in the arts themed Callinova quarter through the Ethereum network. The Callinova quarter got its name from a combination of “Calli,” which represents calligraphy and is also inspired by the Jupiter moon Callisto, and “Nova,” after the supernova. The new name represents an artistic explosion of brightness, which RedFOX aims to achieve for this quarter.

RFOX VALT will endeavor to incorporate VR and AR technology, as well as future AI technology, in addition to offering digital items, including those issued through blockchain smart contracts and non-fungible tokens (NFTs). In its first iteration, the RFOX VALT will be a purely online platform offering digital assets worldwide. As e-commerce evolves further into the virtual space, RedFOX will launch localized virtual spaces in Southeast Asian countries, where both digital and physical purchases can be made via RFOX VALT.

Ben Fairbank, CEO, and Co-founder of RedFOX Labs commented:
“We are building a future that I am extremely excited about. It is a big and complex vision with many moving parts, but we are starting with one step at a time and we are extremely proud to present to you what we believe is not only the future of our ecosystem, but will also redefine digital inclusion, e-commerce, and immersive experiences.”

To participate in the first SHOP auction for the RFOX VALT Metaverse, please visit https://www.rfoxvalt.com

About RedFOX Labs:
RedFOX Labs is a venture builder based in Southeast Asia, that identifies and builds successful business models for the region’s emerging markets. It is focused on unlocking the true market value of the Southeast Asian digital economy for high consumer demand services such as e-commerce, e-media, e-travel, and esports/gaming and focuses on adding value to the digital economy by building add-ons through blockchain. As a company, its value is tradable as the $RFOX token on the Ethereum platform.

Website: https://www.redfoxlabs.io/rfox
Facebook: https://www.facebook.com/redfoxlabs.io
Twitter: https://twitter.com/redfoxlabs_io
YouTube: https://www.youtube.com/channel/UCjSvr6RFSMlN00mWRiU0mSQ
RFOX Games Twitter: https://twitter.com/RFOX_GAMES

Media Contact:
yourPRstrategist.com, asiatokenfund.com
pr@yourPRstrategist.com

References:
[1] https://www.kedglobal.com/newsView/ked202107080010
[2] https://www.washingtonpost.com/video-games/2021/07/01/metaverse-investments/
[3] https://www.gamesindustry.biz/articles/2021-08-20-what-is-the-metaverse-and-why-is-it-worth-so-much-money
[4] https://www.reuters.com/business/exclusive-crypto-billionaire-novogratz-leads-funding-virtual-real-estate-firm-2021-06-30/
[5] https://www.youtube.com/watch?v=9SPlEH3TmLs

Liti Capital Launches Staking for Token Holders

Geneva, Switzerland, September 13, 2021 -/ExPressRelease UK/- Liti Capital SA, a Swiss-based litigation funding provider that has opened up private equity investing to the masses through blockchain technology, is launching staking for its wLITI token.

Starting on September 13, wLITI token holders will be able to stake their tokens and receive wLITI in return.

“Staking is a crucial tool to be attractive in the DeFi space and to reward our community for supporting us long term,” says Jonas Rey, Liti Capital’s co-founder.

Token holders can stake their tokens by heading to the Liti Capital app, on the Liti Capital website, connecting a compatible wallet and selecting staking. The product does not require holders to go through any know-your-customer (KYC) checks.

At launch there will be three options for users to stake their wLITI tokens:

  • 4% APY for 30 days
  • 6% APY for 60 days
  • 9% APY for 90 days

Users will be able to withdraw their tokens whenever they need to. If a user decides they want to un-stake their tokens, instead of losing all the rewards, the system calculates how much interest the user has accumulated and issues the relevant amount back to the token holder.

“The community is one of the most important factors in the success of blockchain projects,” says Jaime Delgado, Liti Capital’s chief technology officer.

“The staking program is one of the mechanisms by which the community is rewarded for its fidelity to the project and at the same time reduces the market share of wLiti in circulation which is beneficial for both the holders of wLiti and the company,” Delgado continues.

More information on the staking program can be found at: https://liticapital.medium.com/liti-capital-launches-staking-rewards-61fef8437317

Liti Capital is spearheading an arbitration lawsuit on behalf of a group of traders who lost millions of dollars of trades on 19 May 2021 when Binance inexplicably froze their accounts for approximately one hour.

It is believed that this case – the first ever group action case in the crypto sector – will be a landmark event in defining how organisations operating in the sector behave and treat their customers.

Since the company’s launch in early 2021, it has raised USD 19 million to secure assets of up to USD 200 million, which if successful, will pay out a dividend to token holders.

About Liti Capital:
Switzerland-based Liti Capital is a Swiss limited liability company specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provides a complete strategic solution along with connections to top law firms to help clients win their cases. Tokenized shares of the company lower the barrier of entry for retail investors and give token holders a vote in the company’s decision-making process. Dividends are distributed to LITI token holders upon the success of the plaintiff. Jonas Rey, co-founder of Liti Capital, also heads Athena Intelligence, one of the most successful intelligence agencies in Switzerland. His two co-founders, Andy Christen and Jaime Delgado, bring operational, innovation and technical skills to round out the leadership team.

Liti Capital recently onboarded seasoned industry leader David Kay as chief information officer and executive chairman. Boasting more than a decade of experience as funding partner and portfolio manager of a billion-dollar private equity fund in the litigation financing space, Kay successfully enforced what was at the time the largest international arbitration award in history, bringing in over $1 billion in cash and securities.

For project information, please read the Whitepaper.
For token distribution, please read Tokenomics.

Liti Capital Official Channels:
Liti Capital Website: https://liticapital.com
Liti Capital Telegram: https://t.me/Liti_Capital_Official
Liti Capital Telegram Announcements: https://t.me/Liti_Capital_Official_ANN
Liti Capital LinkedIn: https://www.linkedin.com/company/liti-capital
Liti Capital Twitter: https://twitter.com/liticapital
Liti Capital Medium: https://medium.com/@liticapital
Liti Capital Reddit: https://www.reddit.com/r/liticapital

Media Contacts:
Dean Baker, yourPRstrategist.com
dean@yourPRstrategist.com

Cecilia Wong, yourPRstrategist.com
cecilia@yourPRstrategist.com

RFOX Games Free-to-Play, Play-to-Earn Kogs SLAM! Aims to Introduce Millions to NFTs

Manila, Philippines, Sep 4, 2021 -/ExPressRelease UK/- Southeast Asian based RFOX Games (a subsidiary of RedFOX Labs $RFOX) will release its free-to-play play-to-earn game KOGs SLAM! in closed beta this Friday the 3rd of September and welcome YGG (Yield Guild Games) to the beta release.

RFOX Games’ maiden release KOGs SLAM! is a digital gaming experience inspired by the 90’s schoolyard phenomenon POGs. RFOX Games will introduce a free play-to-earn model to millions of users in the Southeast Asian region.

RFOX Games, a subsidiary of Southeast Asian venture builder RedFOX Labs, has been working on a game that focuses on digital inclusion and allows people hit hardest by economic challenges an opportunity to earn from their mobile phones.

The closed beta trial for play-to-earn will kick off on September 3 and run for a month before its international public release. The beta release will allow for 5,000 participants to compete for the $RFOX token and prizes and is expected to be heavily oversubscribed.

The easy-to-learn game also has a popular NFT collection called KOGs, which is an acronym for Keys to Other Games. KOGs recently launched its limited Bad Days NFT collection featuring Marvel characters created by Stan Lee. The sale ended last August 28 but you can still buy KOGs here: https://www.kogs.gg/get-kogs

Ben Fairbank, CEO, and Co-founder of RedFOX Labs commented:
“It is highly likely that this game could reach millions of users across Southeast Asia and beyond when you consider that a free play-to-earn model would be welcomed with open arms by those most impacted by COVID, with many having lost their jobs.”

“We had an ambitious plan and model, and we are finally ready to go to the closed beta for the play-to-earn. We are thrilled to welcome YGG and Real Deal to the trial who can help us gain exposure to a wider audience of play-to-earn gamers. We are thrilled to have organizations of this caliber join the trial.”

Gabby Dizon, Co-founder of Yield Guild Games commented:
“We’re happy to be working with RFOX GAMES to bring YGG members into the KOGS SLAM closed beta. This gives an opportunity for our underserved members to start earning while they move up our scholarship waitlist. Being able to start playing for free and move earnings directly to GCash will massively increase play-to-earn adoption in the Philippines.”

Register here for the closed beta and early releases: https://www.kogs.gg/beta-signup

RedFOX Labs will also feature the KOGs collection and games in its upcoming metaverse the RFOX VALT

About RFOX Games:
RFOX Games, launched by RedFOX Labs, Southeast Asia’s first blockchain venture builder. RFOX Games is building a series of interoperable games that are PLAY TO EARN and support the KOGs NFT collection. The entire RFOX ecosystem is supported by its native currency $RFOX and users will be able to compete in head-to-head and tournament-based games to win NFT prizes and $RFOX.

About Yield Guild Games:
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in non-fungible tokens (NFTs) used in virtual worlds and blockchain-based games. The organization’s mission is to create the biggest virtual world economy, optimizing its community-owned assets for maximum utility and sharing its profits with its token holders.

RedFOX Labs Official Channels:
Website: https://www.redfoxlabs.io/rfox
Facebook: https://www.facebook.com/redfoxlabs.io
Twitter: https://twitter.com/redfoxlabs_io
YouTube: https://www.youtube.com/channel/UCjSvr6RFSMlN00mWRiU0mSQ
RFOX Games Twitter: https://twitter.com/RFOX_GAMES
KOGS Twitter: https://twitter.com/KOGS_GG
KOGS Facebook: https://www.facebook.com/kogs.gg/
KOGS Discord: https://discord.gg/5kNdg7U9bU

RFOX Media Partners with Goama to Reach 20 Million Southeast Asians

Manila, Philippines, September 1, 2021 -/ExPressRelease UK/- Southeast Asian based RFOX Media (a subsidiary of RedFOX Labs $RFOX) has combined forces with, Goama, to address their combined audience of more than 20 million Southeast Asian residents and to go after the largely untapped gaming market in Myanmar.

The deal will see prolific tournament game platform Goama, build and provide a casual game for RFOX Media in order to use play-to-win as an acquisition driver to the new RFOX Media platform.

RFOX Media acquired MYMEDIA Myanmar, one of the larger media players in Southeast Asia earlier this year, instantly giving it access to over 13 million followers across its popular content sites. RFOX Media is now on a trajectory to create a superhighway of media content that can be monetized through advertising as well as through the creation of NFTs.

Goama is a gaming platform that is built for businesses, combining the best of esports and the best of casual games to create a competitive casual gaming environment, where players compete on casual games, ranked on live leaderboards, to win real-world prizes. It has been so popular since its inception and is made available to millions of users in the leading apps across 24 countries and counting.

The two companies combine to launch a game titled ‘RFOX run’ which will offer competitors a chance to win rare and exclusive NFTs based on their tournament performance and leaderboard positions.

Ben Fairbank, CEO, and Co-founder of RedFOX Labs commented:
“We currently have a gaming division called RFOX Games, but to partner with a non-blockchain gaming platform with such a large daily user base is wonderful exposure in a very different sector for us.

“The Myanmar market is still so young, with a lot of potential, and through this collaboration we will launch tournament games alongside Goama who have over 80K people competing in each gaming tournament”.

“We have been planning this for a long time and to finally bring it all together is a wonderful achievement for us and for RFOX Media. We will soon look to partner with Goama across the Philippines and other SEA countries as we follow our aggressive acquisition and growth campaigns across the region” Wayne Kennedy, CPO and Co-founder of Goama said: “Innovation is at the core of our mission. We are excited to team up with RedFox and bring NFTs as tournament prizes for the first time in Myanmar! This is the first of many innovations we have in plan for our casual eSports platform on leading Superapps throughout Southeast Asia.

“We’re proud to have created RFOX Run, which we know our users are going to love playing and chasing top spot on the leaderboard!

Wayne further adds “We look forward to a successful and long partnership with RedFOX and extending the relationship across our entire footprint.”

About RedFOX Labs:
RedFOX Labs is a Southeast Asian venture builder, that identifies and builds successful business models for the region’s emerging markets. It is focused on unlocking the true market value of the Southeast Asian digital economy for high consumer demand services such as e-commerce, e-media, e-travel, and esports/gaming and focuses on adding value to the digital economy through the use of emerging technologies such as blockchain. As a company, its value is tradable through its native token ($RFOX). Subscribe here: https://www.redfoxlabs.io/subscribe

RedFOX Labs Official Channels:
Website: https://www.redfoxlabs.io/rfox
Facebook: https://www.facebook.com/redfoxlabs.io
Twitter: https://twitter.com/redfoxlabs_io
YouTube: https://www.youtube.com/channel/UCjSvr6RFSMlN00mWRiU0mSQ
RFOX Games Twitter: https://twitter.com/RFOX_GAMES
KOGS Twitter: https://twitter.com/KOGS_GG
KOGS Facebook: https://www.facebook.com/kogs.gg/
KOGS Discord: https://discord.gg/5kNdg7U9bU

About Goama:
Goama is a leader in platform gamification, setting the benchmark in digital innovation and user engagement, working with some of the world’s biggest superapps and brands. Its turnkey solution offers a plug and play platform that creates unique gamified experiences that empower its business partners to build engaged communities. Goama has partnerships with the leading apps across 24+ countries to help them drive user engagement, increase monetization opportunities, and acquire new users.

For further information, please contact:
Mr. Calvin Lee
VP for Sales and Marketing
Email: calvin.lee@goama.com
Phone: +60 12-6248874
Website: www.goama.com

Liti Capital Token wLITI Lists on HitBTC, Bringing Litigation Financing to The Masses

Geneva, Switzerland, Aug 17, 2021 -/ExPressRelease UK/- Liti Capital, the Swiss-based litigation financing company that makes private equity investing accessible to everyone through blockchain technology, listed its wLITI token for the first time on HitBTC, a centralized exchange (CEX).

wLITI’s first CEX listing follows its recent listings on decentralized exchanges Uniswap and 1inch Exchange.

Having launched earlier this year, Liti Capital is already making waves in traditional investing by bringing litigation financing — an investment practice traditionally monopolized by hedge fund heavyweights and elite investors – to the masses.

“We are very excited to list on HitBTC,” said Jonas Rey, CEO of Liti Capital, adding, “This represents a major milestone toward our goal of leveling the playing field for litigation finance. Legal claims are an extremely appealing asset class because they can be so lucrative, and we provide a means for anyone to get in on this exciting investment opportunity.”

Founded in 2013, HitBTC is one of the oldest and largest spot-trading cryptocurrency exchanges in the world. It is well-known for its state-of-the-art matching engine, high-security measures and low trading fees. With a trading robot-friendly API and 24-hour customer service, HitBTC is a popular exchange with over 800 trading pairs and more than 400 spot instruments.

According to the HitBTC team, as a project that embodies a new paradigm for traditional investing, Liti Capital represents great potential. The exchange is proud to support an initiative that makes litigation financing, an attractive but prohibitive asset class, a viable investment strategy for every investor.

Putting traditional investing on the blockchain

Litigation financing is the practice of bringing in investors to cover the cost of a lawsuit or arbitration in exchange for a portion of the profit. Litigation financing specialists, such as Liti Capital, purchase litigation assets for cases they deem to have a high chance of winning.

While litigation financing often requires an initial investment of $500,000 to $1 million from an investor, Liti Capital makes it accessible for anyone with as little as $50. It does this by tokenizing shares in Liti Capital and paying out dividends to Liti Capital (LITI) equity token holders when a case in Liti Capital’s portfolio is won.

wLITI, or “Wrapped LITI” — the token listed on HitBTC today — is Liti Capital’s ERC-20 liquidity token. It doesn’t provide access to dividends as LITI does, but wLITI can be exchanged for LITI tokens at a ratio of 5000 to 1. However, both tokens give holders the power to vote on how Liti Capital assets are used to finance crypto fraud cases that affect Liti Capital community members, an initiative that the company is dedicated to allocating between 5% and 10% of its yearly investment budget for.

Boasting a billion-dollar case portfolio

Liti Capital has already secured a healthy case portfolio with its largest case potentially worth more than $1 billion when it finally settles. Cases like these, which tend to be commercial rather than consumer or personal lawsuits, usually target large-scale corporate disputes valued at more than $10 million. While they could take years before a settlement is reached, successful litigation funders can expect to pocket between three and five times their initial investments, according to estimates by litigation finance expert Steven Friel.

To attain this goal, Liti Capital onboarded seasoned industry leader David Kay as chief information officer and executive chairman. Boasting more than a decade of experience as funding partner and portfolio manager of a billion-dollar private equity fund in the litigation financing space, Kay successfully enforced what was at the time the largest international arbitration award in history, bringing in over $1 billion in cash and securities.

“Litigation assets generally don’t correlate with the state of the economy, allowing litigation financing to thrive even in a bear market,” Kay explained, adding, “A relative newcomer to the modern investment ecosystem, litigation financing is expected to double in market value within the next six years. Our investment team at Liti Capital is actively seeking out the top opportunities in litigation assets, and aims to add at least five more multi-million dollar cases to our portfolio by this time next year.”

Listing details:
Trading date: Aug. 17, 2021, 3:00 pm UTC
Deposit opening: Aug. 16, 2021, 3:00 pm UTC
Trading pairs: wLITI/BTC
wLITI/USDT

About Liti Capital:
Switzerland-based Liti Capital is a Swiss limited liability company specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provides a complete strategic solution along with connections with top law firms to help clients win their cases. Tokenized shares of the company lower the barrier of entry for retail investors and give token holders a vote in the company’s decision-making process. Dividends are distributed to LITI token holders upon the success of the plaintiff. Jonas Rey, co-founder of Liti Capital, heads Athena Intelligence, one of the most successful intelligence agencies in Switzerland. His two co-founders, Andy Christen and Jaime Delgado, bring operational, innovation and technical skills together to round out the leadership team. David Kay, chief information officer, ran a billion-dollar private equity litigation finance firm in New York City before joining Liti Capital.

Liti Capital official channels:
Liti Capital website: https://liticapital.com
Liti Capital Telegram: https://t.me/Liti_Capital_Official
Liti Capital Telegram announcements: https://t.me/Liti_Capital_Official_ANN
Liti Capital LinkedIn: https://www.linkedin.com/company/liti-capital/
Liti Capital Twitter: https://twitter.com/liticapital
Liti Capital Medium: https://medium.com/@liticapital

Media contacts:
Dean Baker, yourPRstrategist.com
dean@yourPRstrategist.com

Cecilia Wong, yourPRstrategist.com
cecilia@yourPRstrategist.com

Smart DeFi Management Platform CoinWind Integrates ETH Mainnet and Reveals Upcoming Roadmap

Singapore, Aug 2, 2021 -/ExPressRelease UK/- Amidst continued anticipation of the new ETH network (Ethereum 2.0) by the crypto community, yield optimizer CoinWind has seized the moment and jumped on the ethereum train last week, deploying on the ETH mainnet.

LATEST: $COW and $COW/$USDT Boardroom Pools and Staking Bonus Rewards

CoinWind has also announced that today on Aug 2nd at 18:00 SGT, $COW and $COW/$USDT token pools on both HECO (Huobi Eco-Chain) and on BSC (Binance Smart Chain) will be officially available in the CoinWind boardroom lockup pools, offering $COW profit ratios of 30% and 70%. These fixed-term boardroom lockup pools give higher returns to users compared with demand lockup pools.

Besides enjoying rewards in the staking bonus scheme, $COW token holders will have decision-making rights on the CoinWind platform as it transitions to a DAO (decentralized autonomous organization).

Reduced Mining Fees on Ethereum

With the transition from Proof of Work (PoW) to Proof of Stake (PoS) consensus mechanism underway, the frenzied predictions of ETH replacing Bitcoin as the biggest cryptocurrency have been around for months. The smart decentralized finance management platform has integrated the ETH mainnet and made clear its plans to expand into the ETH network, offering reduced mining fees.

In addition, CoinWind reveals its new roadmap for the upcoming months.

An Improved User Experience & Better APY Rates

Alongside lowered mining fees, CoinWind has also added more language support in Korean, Russian, Turkish and Japanese on the platform, to attract more investors from different territories. CoinWind will be improving the website’s loading speed to be even more user friendly, boosting overall user experience on the site.

The yield optimizer will also be offering a better value proposition in the form of increased APY yield rates, improved profit optimization strategies and access to more high quality bottom tier assets. Users can expect higher revenues and lower expenses and losses.

August Buyback & Burn

This month, CoinWind will implement buyback and burn of $COW tokens. This phase is guaranteed to drive the price of $COW up with the increased scarcity, to catch the eyes of potential new users seeking to get in before the token price rises further.

Community Governance Model and Open Source Contract

CoinWind is transitioning to a DAO, a more democratic governance model that will give the members greater control and sovereignty over the direction of the project.

The CoinWind contract will also be increasingly open source, allowing for members to contribute and have more decision making powers. This is a move that will transition CoinWind towards a self-sustaining user-focused ecosystem.

Multi-Chain Expansion and NFT Marketplace

Besides the Ethereum mainnet integration, CoinWind plans to include support for more chains including Matic, Solana and others in the pipeline, which will vastly expand its network and open it up to more token mining possibilities and investors.

Not to be left out of the potentially massive NFT market, CoinWind will collaborate with IP brands to build an NFT ecosystem to power an NFT marketplace where trading and mining will be accessible.

All of this signals a massive expansion on the part of CoinWind, and CoinWind users can expect increased activity, incentives and adoption in the upcoming months.

For more info about CoinWind, visit the official website: https://www.coinwind.com

CoinWind official channels:
Twitter: https://twitter.com/coinwind_com
English Telegram: https://t.me/CoinWind
Chinese Telegram: https://t.me/coinwind_cn
Medium: https://coinwind.medium.com

Media Contact:
Cecilia Wong, yourPRstrategist.com
pr@yourPRstrategist.com
+65-91826605