NEW YORK, Apr 23, 2022 - (ACN Newswire) - Uno Re (http://unore.io/), a decentralized insurance platform, launched its Cover Portal on April 23, 2022. Accessible through Uno Re's dApp, the Cover Portal addresses an underemphasized need in DeFi space: easy access to insurance. For the first time, DeFi users can insure their crypto-assets in a few simple steps thanks to Cover Portal's clear and simple UI.
The danger of hacker attacks keeps growing within the DeFi space (case study: https://bit.ly/3jYokl7) causing drastic losses for users and protocols alike. The total sum lost to hacks in the first quarter Q1 2022 is up 695% from Q1 2021 losses. With both the quantity and severity of attacks on the rise, skepticism surrounding the DeFi space is also growing.
One of the leading players in DeFi insurance, Uno Re launched its Cover Portal which aims to grant users easy access to insurance coverage through its user-friendly UI.
What is Uno Re's Cover Portal?
Cover Portal is Uno Re's latest dApp - scanning users' wallet, detecting insurable assets within as well as staked in staking and farming pools across chains, measuring possible risks using an AI-based algorithm, and allowing users to secure their on-chain assets instantly.
Cover Portal is optimizing the insurance purchasing experience for users by simplifying all steps as much as possible. Upon connecting their wallets and detecting their insurable assets, users can simply choose the token(s) and how much to insure. Cover Portal allows users to pay their premiums in USDC.
"The launch of our Cover Portal marks the beginning of a new era in the DeFi insurance industry. We are steadily building and improving our platform to make hassle-free insurance service possible for DeFi users. Cover Portal is the final step towards fulfilling our true potential and makes our platform a complete ecosystem of multiple services and mechanisms, working like clockwork. We are delighted to have achieved this and look forward to improving the overall security of DeFi space." stated Jaskanwar Singh, CEO and Co-founder of Uno Re.
About Uno Re
Uno Re is the protocol behind Cover Portal. An insurance provider for DeFi users and partner of numerous DeFi platforms, Uno Re successfully provided compensation to Umbrella Network hack victims in March 2022. As the insurer, Uno Re has processed the claim in a few days and ensured that 91% of affected wallet addresses are covered and appropriately compensated.
Uno Re is the world's leading decentralised insurance and reinsurance platform, allowing the community to invest and trade in 'risk' and receive sizable returns on their investments in one of the safest asset classes in the world. The platform will break barriers to entry for the retail investor, doing away with the historic pre-requisite of absurdly high capital generally needed to invest in the market while also introducing much-needed transparency into the industry as a whole. Uno Re will also allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the Uno Re ecosystem.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comUno Re ( http://unore.io/ ), a decentralized insurance platform, launched its Cover Portal on April 23, 2022. Accessible through Uno Re's dApp, the Cover Portal addresses an underemphasized need in DeFi space: easy access to insurance. For the first time, DeFi users can insure their crypto-assets in a few simple steps thanks to Cover Portal's clear and simple UI.
Tallinn, Estonia, Apr 22, 2022 - (ACN Newswire) - Heroes of Arcan, an upcoming play-to-earn epic heroic fantasy game that aims to place the destiny of the world of Arcan in the hands of players for both in-game action and development is set to launch a token and NFT sale event in Q2 2022 that will allow players to participate in the development of the world of Arcan and access ARCAN tokens prior to launch.
Of 100 million ARCAN tokens minted on the WAX blockchain, 14 percent will be reserved for the Heroes of Arcan play-to-earn model, 6 percent to a private sale underway in Q2 2022, and 12.5 percent for the public token sale. A further 24 percent will be held in reserve in a community wallet and used to reward players and ARCAN token holders that stake in the Heroes of Arcan DAO.
Heroes of Arcan, founded by Thomas Gio, is set to launch in mid-Q3 2022. Further information on the Heroes of Arcan project and token sale can be found via socials.
The play-to-earn gaming industry has created an NFT-fuelled revolution over the last year. Over the course of 2022, play-to-earn games saw over $4.5 billion in trading volume transacted through blockchain-based games across over 754,000 daily active wallets.
Many of the play-to-earn games available to players today, however, lack the narrative and multiplayer community features associated with games within the mainstream gaming market. In many cases, play-to-earn games place a strong emphasis on generating potentially valuable NFT-based game elements that can be sold for a profit through in-game or secondary markets for cryptocurrency.
Heroes of Arcan aims to disrupt the contemporary play-to-earn paradigm with an epic narrative-rich heroic strategy game that pits players against each other within a vibrant, evolving fantasy universe. Drawing from strategic resource and territory management games, MMOs, and hero-focused elements of MOBA games, Heroes of Arcan is positioned to bring the "play" back into the "play-to-earn" model.
Building the First Player-Driven Epic Fantasy Game DAO
Heroes of Arcan launches players into the fantasy world of Arcan, in which players join factions and compete over territory fractured by conflict, war, and magical catastrophes of world-ending proportions. The world of Arcan is represented by 20,000 individual land pieces, each of which is an NFT — players collect sources, build tools, and capture land in order to create structures and collect Heroes.
The epic fantasy narrative of Heroes of Arcan provides play-to-earn gamers with far more than a means of generating profit from their playtime — Heroes of Arcan developers have made a concerted effort to create a vivid world in which their players are able to form alliances, create and execute novel strategies, and create teams of powerful heroes.
While Heroes of Arcan integrates many of the features expected of a strategy play-to-earn game, such as upgradable equipment, structures and tools, harvestable resources, and in-game marketplaces that allow players to trade with one another, a number of unique social and governance features make Heroes of Arcan a highly disruptive presence within the play-to-earn market.
Dynamic Peer-to-Peer Marketplace Reinvents Play-to-Earn Model
The resources, heroes, territory, and other gameplay elements of the Heroes of Arcan universe can be freely traded by players through an in-game marketplace. The way in which Heroes of Arcan handles trading in-game, however, functions very differently from the static, centralized models found in many other play-to-earn games.
Rather than operate in a vertical manner, the Heroes of Arcan economy integrates an organic growth model that promotes player-driven economic evolution and prevents economic imbalance. Arcanium, Heroes of Arcan's in-game currency, is represented by the ARCAN token, placing control over the flow of value in the world of Arcan in the hands of players.
Transactions and trades made with ARCAN in Heroes of Arcan are subject to a tax, which forwards a part of fees paid by players using in-game marketplaces to a community wallet. ARCAN held in this community pool is used to reward players that stake ARCAN in order to participate in the Heroes of Arcan DAO.
Heroes of Arcan allows players to interact directly with the governance and development of the universe of Arcan by implementing a Decentralized Autonomous Organization model — players that stake ARCAN not only receive rewards from the community wallet, but can also propose and vote on changes that will affect the destiny of Heroes of Arcan.
The Heroes of Arcan economic model is supported by a horizontal gameplay system that ensures new players are able to gain a footing in the competitive world of Arcan, eliminating the centralization of resources and in-game power that occurs in other play-to-earn games.
Social interaction plays an important role in the world of Heroes of Arcan. New players of Heroes of Arcan choose a faction — the diplomatic Preachers, the warlike Conquerers, or the magically adept Wiser — to align with. Each faction is represented by a continent in the world of Arcan. Players in each faction are able to communicate with each other in dedicated Discord servers, opening the door to the formation of player alliances and guilds - or betrayal.
Economic sustainability within Heroes of Arcan is driven by additional features that will include mini-games, seasonal events, and territory updates. Early stages of the game offer power and economic scaling through resource collection, but later updates will provide players with the opportunity to improve and level up heroes, lands, tools, and equipment, create potions and enchantments, or build new architecture elements to add additional layers of economic complexity.
Robust Story-Driven Gameplay
The lore that drives the gameplay within Heroes of Arcan provides players with a far more compelling storytelling experience than any other play-to-earn game on the market. Heroes of Arcan developers provide a robust narrative and history behind the world of Arcan, launching players into a world in which three factions compete for territorial dominance.
Heroes offer players a powerful way to gain passive benefits when collecting resources, as well as a means of exploring new territory and gaining access to randomized loot drops through chests.
The Parliament of the EU has designated ESMA, the European Securities and Markets Authority, the top cryptocurrency regulator of the region in the latest draft of MiCA, the Markets in Crypto Assets regulation. The European organization would have the task of licensing crypto-related institutions and exchanges, putting national regulators under its authority. ESMA Gets Crypto […]
On-chain data shows the Bitcoin monthly outflows have recently reached values only seen a few times before in the crypto’s entire history. Bitcoin Exchange Outflows Now Have A Value Of 96.2k BTC Per Month According to the latest weekly report from Glassnode, a historically high amount of BTC has exited all exchange wallets recently. The…
London, UK, Apr 1, 2022 - (ACN Newswire) - Cylum Finance, a DeFi 3.0 platform, has launched the highest APY staking reward in the crypto industry. Over the years, crypto investors and traders have staked their assets for relatively average returns. Although these investors earned interest on their staked crypto assets, there is huge room for improvement. Offering an increase in APY for staked assets will undoubtedly incentive more investors to enter the market.
The mission of the Cylum project is to give crypto investors a more profitable reason to stake their assets on its platform.
Cylum Highest APY Reward
Cylum offers up to 395,677% APY within the first year for investors who hold the $CYM token. Since the history of crypto staking, no project has offered investors such high returns on their investment. The unique smart contract that powers Cylum's APY leverages compound interest in its reward system. As a result, all investors earn rewards every minute of the day with Cylum. The team plans to increase the earnings of investors with the launch of the mainnet offering. The mainnet also has a multi-chain decentralized application (Dapp) developed to offer users more utility within the ecosystem.
Cylum Unique Features & Uses
Auto-Staking & Compounding
In most existing DeFi projects, token holders have to stake their crypto assets manually. With Cylum's auto-staking and compounding, it is entirely different. Every process is automated and designed to favor investors. By purchasing and holding these tokens, investors earn active rewards directly to their respective wallets.
After the annual compound interest of 395,677% within the first year, the APY will begin to decrease.
To reduce the number of $CYM in total supply and drive up the value of each token, the team is looking to make $CYM a deflationary token. With auto-burn, the team will make the token more valuable as a result of the decrease in supply and increased demand. The auto-burn feature is an algorithm created to automatically eliminate 2% of the $CYM token total supply once it is launched.
About Cylum Finance
Cylum is a DeFi 3.0 project launched to revolutionize crypto staking and reward system. Skilled developers created it with unique code. The project operates an amazing set of mechanics that ensures the protocol remains sustainable. The team also incorporated additional unique features that confer a competitive advantage on the project. Crypto staking has become one of the top ways investors make money from the market. A great platform like Cylum is essential to attracting more players to this sector of the crypto market.
The Cylum protocol serves as a launchpad for metaverse projects deployed on the Binance Smart Chain (BSC). In addition, its cylinder insurance fund ensures it is low risk with high rewards for investors.