.@GamingOnAVAX is getting bigger and bigger! 🚀

SK Planet, the company that owns the League of Legends three-times world champion team T1, is launching LoL-themed NFTs for its fanbase on @UPTN_official - their own @avax subnet.

With 170,000 users so far, this subnet is projected to be one of the biggest chains in Web3 gaming as a whole, considering the market that the chain itself serves.

Not to mention how this perfectly aligns with the @TSM / @theblitzapp partnership... 👀

These NFTs will be given to T1's most active fans, and include benefits such as membership discounts and free food and drinks at T1 events.

Through on-chain assets, NFTs are enhancing IRL experiences, serving their true purpose further than just speculating 🕺🏻

GamingOnAVAX: Launching LoL-themed NFTs on AVAX Subnet

Latin America has found a solution for most of its economic problems through blockchain tech.

@Finnovant is currently developing tools that can help Latin American citizens embrace cybersecurity and overcome the so-common inflation - of course, @AVAX plays a role in all of this:

💠 Phenix X1: A low-cost blockchain-powered cellphone.

The Phenix X1 will be able to run a node with its computing power.

With increased cybersecurity, this phone's purpose is to serve as a cold storage to store your crypto safely and inviting users to run a node.

As @Finnovant considers @avax to be the most cost-efficient blockchain.

Because of that, the team is planning to integrate apps such as @coreapp as native in the device. More integrations are in the works.

The average income in Latin America is relatively low compared to Europe, Asia, and other continents with bigger economies.

A low-cost phone that can pay for itself through passive blockchain participation? Sounds like something most people would be up to. 👀


Phenix X1: A blockchain phone for Latin America

Faking products and services is a real problem that affects everyone - according to Forbes, the total amount of counterfeit goods sold yearly goes from 1.7 trillion to 4.5 trillion USD.

However, @blockticity proposes a solution through @avax for the growing industry of cannabis.

Providing another perspective on credibility and flawless certification methods, Blockticity uses ERC-771 tokens (NFTs) in order to verify assets delivered to providers.

But why is this so important for the cannabis trade?

The emerging industry of cannabis needs decentralized certification methods that avoid problems with legal loopholes while still complying with the laws of the regions where the commerce happens.

Back in 2021, ACS Laboratory, a research facility dedicated to the production of hemp, CBD, mushrooms and Kratom, partnered with Blockticity to launch the first certificate of authenticity (COA) as an NFT.


Cannabis is not the only use case that Blockticity plans to provide to the industry:

Fruit, sugar, sneakers, meat and other goods are also planned to be part of the protocol 🚀

Counterfeit Cannabis finds a solution through the Avalanche Blockchain

Risk management is something fundamental in crypto, yet sometimes we don't take it as seriously as we should.

In @MELD_Defi's whitepaper, we see some insights from the team regarding this critical topic.

Let's take a look at how WE reduce your risks in this bear market 🐻

The MELD protocol includes its risk models within itself in order to participate in two major activities:

✅ Risk scoring to determine borrowing liquidation thresholds for an asset

✅ Market risk considering the collateral that backs up said asset and its price exposure

These two aspects of a token are constantly updated so MELD can remain safe for all users and everyone who trades is aware of any risk of any size.

Remember that no financial activity is 100% risk-safe. Not even storing your money under your couch! ⚠️

But that's why MELD integrates risk management functions - we do the math so you don't have to.

We go through the asset's data to calculate the risk rate and we put it in simple words for our user's better understanding.

When doing said calculations, we look for several parameters, such as:

⚠️ How old is the token?
⚠️ In which DEX does it trade?
⚠️ How liquid is it on each DEX?
⚠️ 24-hour trading volume
⚠️ 24-hour price fluctuation
⚠️ Are the tokens organically or artificially traded?


⚠️ How long does it take to trade the token?
⚠️ How many wallets hold this token? Are these wallets actual users?
⚠️ Token circulating supply.

By answering all these questions, we make sure the token is safe enough to be part of MELD's protocol and accessible through our market.

Learn more about @MELD_Defi by following them on X/Twitter and participating in their airdrop!

Will end soon.... so don't miss out. 👀

https://www.meld.com/meld-airdrop

Reducing Risks in Crypto with MELD Protocol

.@MELD_DeFi just dropped a sneak peek on the NeoBank, a mobile app that promises to change the way we bridge money from traditional banks to Avalanche and DeFi overall

Let's break down this teaser 👇🏻🧵

https://twitter.com/MELD_Defi/status/1694763954642555210

First I want to say that I had the chance of testing the beta at the @avax summit, and since then I've been following this launch closely.

Extremely friendly and intuitive UI that worked flawlessly! And of course, perfect for those that are new to Web3/cryptos overall.

I personally always try to evangelize my friends into using Binance, as it is the best option at the moment for payments in my city (and way more seamless than most payment methods nowadays).

But one of the reasons my friends don't like Binance is because of the complex UI:

Most tutorials average a length of 10 minutes, and this isn't necessarily bad, since the app itself is super complete.

But most traditional users don't need all those functions and that's what makes the Neobank special!

Of course, this isn't a thread to trash on Binance, but to show what makes the Neobank stand apart:

A simple interface and smooth experience that allows users to get involved in crypto easily.

It is also worth mentioning that MELD intertwines top blockchains beautifully! And the Neobank plays a key role in that.

What's to expect then?

A new app to show your friends how to be more financially independent. 🦾

MELD_DeFi NeoBank: Bridging Traditional Banking and DeFi

In Avalanche we have plenty of options to lend and borrow assets.

But @MELD_Defi is pioneering this banking activity through connecting FIAT and DeFi.

Let's see how they do it and how it can become a DeFi game changer across several platforms:

It's important to note that what makes MELD stand apart is that it serves as a seamless bridge between FIAT and DeFi.

This means that, as you can see in the image in the main tweet, you can borrow FIAT using the MELD protocol through cryptocurrencies.

Sounds great, right?

The borrowing and lending process is pretty similar to other DeFi protocols with these activities, but what makes the difference here is how it involves FIAT with DeFi.

When you borrow FIAT assets, you interact directly with the Neobank.

The Neobank is the part of the MELD protocol that easily bridges FIAT to DeFi.

All of these lending and borrowing processes run smoothly thanks to the MELD vaults, that are liquidity pools where users supply and borrow assets from.

Here's a view of MELD from above.

As you can see, it is all connected seamlessly and safely.

If you want to try @MELD_Defi, you know what to do. ;)

Join MELD's Neobank Early Access so you can access these incredible features since day one!

https://meld.fi

MELD: Bridging the Gap Between FIAT and DeFi

Bear markets tend to change drastically the way projects look to onboard new users, but both @avax and @MELD_Defi have found a way to grow swiftly in the last year 🗻

Keep reading if you want to know how to participate in the upcoming $MELD airdrop! 🎁🧵

$MELD is the gas token for @MELD_Defi, a DeFi protocol that proposes a new way to bridge FIAT and Web3 through transparency and a smooth user experience, brought to you thanks to the MELD blockchain, built as an Avalanche subnet.

https://subnets.avax.network/meld

MELD essentially proposes a new financial structure that would be in charge of bridging banks with decentralized protocols, according to the legislation of each country, so everything goes as smooth as possible for every user, whether its someone experienced on fintech or not.

It's pretty easy to join MELD and participate so you can seamlessly connect your FIAT to DeFi in the safest of ways.

First, you have to sign up to meld.fi

To receive the airdrop, you should get your early access pass. Click on it.

Up next, you will see this screen to see what benefits you will have by using MELD.

Scroll down to see the legal terms, and then click on "apply now".

Proceed to fill the KYC form and note the term below.

You can create your MELD wallet at https://app.meld.com 🔺

Now enjoy your early access registration and participating in the airdrop!

You can also increase the amount of tokens you will get by participating on these social tasks.

Tell your friends and earn $MELD together! 👀

One last thing: there will be one lucky winner to receive 1,000,000 $MELD.

You could be that chosen MELDillionaire. ;)

Growing Swiftly with $MELD: Participate in the Airdrop!

EVERY SINGLE TIME you invest in ANY token, you *must* research its token distribution

If you don't, be prepared for unexpected outcomes at any time.

For this very reason, let's dive into @MELD_Defi token distribution.

🤔 What does the $MELD token do?

It serves as a gas token on the MELD blockchain (powered by Avalanche as a subnet)

Used in the protocol's governance. Votes are processed using $MELD

MELD staking pools to balance other financial activities

Insurance for the protocol itself

According to MELD's whitepaper, the token distribution is allocated as it follows:

In my personal appreciation, it's a healthy distribution considering MELD's protocol nature.

But let's dive deeper into that 👇🏻

Even though the private sale consisted of 30% of the total amount of tokens, the holders vest 4% monthly, until they reach 100%.

This means that the tokens would be fully vested after 25 months.

Considering the sale ended on October 2021, tokens are almost full vested.

At this point you might be wondering what the ISPO is.

ISPO stands for Initial Stake Pool Offering. This was a novel funding method in the Cardano blockchain (where they initially launched), that consisted of receiving $MELD according to how much $ADA you stake in certain pools.

This token distribution follows one of the main principles of blockchain philosophy: a proper distribution that does not risk the security of the protocol nor the valuation of the token.

Want to know more about @avax and @MELD_Defi? Give me a follow and turn on notifications! 🔔

$MELD tokenomics #1

Digital tickets have always led to controversy.

Re-selling bots, awful queues and scams are disgustingly common and have led to disappointed fans and disreputable production companies.

But @avax and @nft_tix are about to make everyone's life easier by tokenizing tickets 🧵

.@nft_tix just announced that they are exclusively using Avalanche to develop their NFT-based tickets, leading to a game-changing ticket distribution method.

Why Avalanche? Because it can handle the demand that most ticketing websites are exposed to.

Owning your tickets as NFTs has benefits that this industry has never seen before, such as:

✅ Self-custody

Own your tickets in your wallet, only accessible by you through your seed phrase and any other login method that you choose, according to your EVM wallet.

Tip: use @coreapp for the best DeFi wallet experience ;)

✅ Tickets are TRULY yours

There's no such thing as someone faking his identity to use tickets that are not of their property.

✅ New experiences between fans and the artist

By whitelisting addresses, production companies could plan out activities with fans, such as after-party access, having the possibility to acquire special merch and any other event that would imply any whitelisting benefit.

Since I knew about NFTs and Avalanche, I always believed that the plagues that digital ticketing suffers would be over one day through blockchain.

Great to see that it's finally coming true.

Anyways, let's see if Avalanche can handle millions of swifties trying to get tickets.

Tokenizing Tickets with Avalanche and NFT Tix

A huge problem with blockchain tech is that it's too complex for the average person to understand.

But @MELD_Defi looks forward to onboard a vast amount of Web2 users into Web3 by easing the approach to DeFi tools through a simple wallet.

Let's see how they do that on @avax:

Even though they started developing in Cardano, they ramped up their multichain game last month, when they launched their own subnet on Avalanche.

Since its launch, a total of ~353,082 transactions have been made by June 2023.

It also is the biggest live subnet on Avalanche, with a total of 15 validators.

https://subnets.avax.network/meld


What stands apart is that MELD's wallet will bring together convenient and secure web2-like methods and the traditional web3 standard.

While frequent crypto users would rather generate their seed phrase, newcomers from Web2 could safely open a wallet using familiar methods.

To create a wallet you will have to write down your 24 words, yes, but you can access it using any of the methods above.

This way we can introduce the concept of self-custody to new users without giving them such responsibility all of a sudden.

Once the wallet is created, the experience is smooth.

We have a simplified UI that enhances the experience for those who have never had a crypto wallet.

No complex data, numbers, nor complicated terminology that could scare or bore newcomers.

One thing I love is that you could host several wallets within MELD's.

I've got an ADA integrated wallet (the one that's inherent to the app), EVM wallets and Nami (another wallet for Cardano that I had before).
You can also connect more wallets and use them through MELD.

Even though MELD's path on Avalanche just started, I'm eager to see what's to come.

What about a mobile wallet soon @MELD_Defi?