Connect with us
  • tg

Cryptocurrency

Arvalex Token Launches It’s PreSale to Shake Up The Metaverse

letizo News

Published

on

Arvalex Token

Arvalex is an Avalanche-based protocol for NFT trading, Services exchange built on AMM Protocol. Arvalex Protocol has announced its public launch on Blockchain Network. The Metaverse token $AVRL, which prides itself on being the next generation of protocol “built to enhance ease of commerce and other related transaction in the metaverse,” is powered by and built on the Avalanche Blockchain.

The Avalanche Blockchain which has been proven to be robust is the first point of call as it boasts 4,500 transactions per second (TPS) with less than a three-second finality.

The Arvalex protocol is built to serve as the common means of exchange in the metaverse to reduce the confusion associated with the proliferation of many tokens.

It provides a common protocol that services other platforms enabling people to swap between coin A and coin B, or different tokens easily without all the hassles and gatekeepers normally associated with such a procedure.

Use-Cases on NFT Space

Arvalex is creating a truly decentralized and fully democratized yet robust NFT Platform where digital creators can turn their Photos, Ideas, and Music & Paintings into Non Fungible Tokens (NFTs) while also enabling creators to receive royalties on their art and exchange various services. This will in turn enable people to own their work and exchange services and their art with other people without incurring the risks of inflation, deprecation or extreme gas fees. As well, NFTs will have then dynamic pricing structure on the Blockchain.

Arvalex NFT platform will usher in a new paradigm of creation and exchange, enabling creators to:

  1. Call on their huge following (those with a substantial amount of followers) to participate and buy into the ideas and the products they love early in the process of creation.
  2. Earn all of the valuethey’ve created by selling their goods as NFTs at a dynamic price.
  3. Use as a currency on our soon-to-be launched open marketplace to pay for services rendered by freelancers, buy art (NFTs).
  4. Use our staking pool to earn interest on their savings with us.
  5. Use our open software platform to convert NFTs from different platforms to others e.g. Transferring NFTs from BSc to Eth through our platform.
  6. Build other DeFi applications on our protocol.

What Are the Advantages of Arvalex Token Ecosystem

  • It is powered by Avalanche (AVAX) blockchain which has been proven to be extremely fast. Hence, participants have access to the blazing speed of Avalanche with our protocol being built on top of it. Transactions are confirmed in seconds.
  • You can deploy NFTs and other DeFi’s that fit your own application needs. Build on top of our protocol and reap all the benefits provided by our platform while retaining full control of your project.
  • You can earn rewards on our liquidity pool by staking without any risks of losing your funds or notgetting the commensurate rewards.
  • You will enjoy transactional thorough-put greater than 4,500tps, with a proof-of-stake Sybil protection, and an 83% parameterized safety threshold.

Tokenomics

The distribution of Arvalex tokens has been carefully designed to create a decentralized, community-driven DeFi protocol that is not controlled by a small group of actors, total amount

of fifty million (50,000,000) Arvalex tokens will be minted and will be distributed in 3 different stages.

1. At pre-sale stage, 1 Arvalex

Token will be sold for 0.000376 AVAX (1 AVRL = 0.03 USD)

2. At public sale stage, 1 Arvalex

Token will be sold for 0.0015 AVAX

Arvalex Token Pre-sale Is Active

Users can be one of the early adopters of the $AVRL tokens by participating in the ongoing token pre-sale. Visit our website and click on the pre-sale link to participate in the first phase sale.

Future Plans

With a growing ecosystem of decentralized financial products, NFT platform and several features already planned for future release, Arvalex.io is not just another DeFi protocol but rather, an innovative project to surely watch out for.

Arvalex NFT marketplace is almost completed with it being predicted to be the next game-changing platform for creators and speculators much like the current players.

Cryptocurrency

FTX Wants to Block Claims from 49 Countries, Including China: Users Rage

letizo News

Published

on

Bankrupt crypto exchange FTX is asking the court to greenlight a plan that could potentially deny billions in creditor repayments to users in 49 countries where crypto faces legal restrictions.

This could disproportionately impact Chinese users, who reportedly represent 82% of the affected claim value.

Navigating Legal Minefields in Restricted Jurisdictions

The FTX proposal, detailed in a July 2 court filing, is seeking authorization to designate 49 countries, including China, Russia, Afghanistan, and Ukraine, as “Potentially Restricted Jurisdictions.”

While claims from these regions will be automatically treated as “disputed,” the FTX Trust will first seek legal opinions for each jurisdiction, and in cases where distribution is deemed legally permissible, payouts will proceed.

However, where legal advice indicates distributing funds would violate local laws, the Trust will issue a formal notice to affected creditors. These users will then have a 45-day window to file a formal objection, including submitting it to a U.S. court.

According to the document, if a jurisdiction is ultimately deemed “restricted” and a claimant remains a resident there when repayments are processed, their funds and any associated interest “shall be immediately forfeited and revert to the FTX Recovery Trust.”

The submission has triggered significant backlash from affected users. While the FTX Recovery Trust is positioning it as a legal compliance issue, others argue it raises serious ethical questions.

“FTX accepted users from China when things were fine,” wrote one X user. “Now denying their claims entirely because of ‘restricted jurisdiction’ feels unfair.”

He described creditors from the beleaguered countries as “victims” who still deserved to be repaid.

Another Chinese claimant, going by the username “Will,” also argued forcefully against the rationale:

“While mainland China does not support cryptocurrency trading, residents… are allowed to hold cryptocurrencies… The claims process uses USD for settlement… they are allowed to hold USD overseas. So why isn’t wire transfer settlement supported?”

Meanwhile, others expressed despair, with one user asking, “Is there anything that could be done? Or they just steal all of the money?” FTX creditor advocate Sunil suggested that selling or transferring the claim to someone in an allowed jurisdiction might be a potential workaround.

Ongoing Repayments

While the controversy rages on, other creditors have been making progress with their payments. As per a July 1 update, those with claims under $50,000 have already received 120% payouts, while larger claimants received 72.5% in May. The remaining 27.5% is expected through distributions extending into 2027.

Meanwhile, the fallout from FTX’s 2022 collapse continues to resolve elsewhere, with most celebrity endorsement lawsuits dismissed, though retired NBA star Shaquille O’Neal settled for $1.8 million.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

This Critical Binance Metric Suggests Incoming Surprises for Bitcoin: What You Need to Know

letizo News

Published

on

Binance’s net taker volume surged past $100 million just ahead of the latest US Nonfarm Payrolls (NFP) report.

Such a trend points to aggressive buying as traders position for a key macroeconomic catalyst.

Binance Sees Aggressive Buy Orders

In its latest analysis, CryptoQuant revealed thaft this spike reflects large market buy orders on Binance, indicating strong bullish sentiment or speculative bets on continued market momentum.

The US labor market report, released shortly after, showed Nonfarm Payrolls increasing by 147,000 in June. This figure exceeded analysts’ expectations of 110,000-118,000. The unemployment rate also fell to 4.1% from 4.2% in May and was the lowest level since February, according to the Bureau of Labor Statistics.

The stronger-than-expected employment data reduces the chances of near-term rate cuts, ultimately backing the Fed’s plan to maintain higher rates to control inflation. Market-implied probabilities now reveal a 95% chance the Fed will hold rates steady at its July meeting, as it rose from 75% before the jobs report was released.

A resilient jobs market has strengthened the US dollar, as expectations of delayed or reduced interest rate cuts make the currency more attractive relative to others.

Historically, strong NFP data and hawkish Fed expectations have weighed on risk assets, including Bitcoin, as a firmer dollar environment tends to reduce the relative appeal of alternative assets.

The combination of Binance’s aggressive buy-side activity and the strong jobs report could pave the way for potential volatility in crypto markets as traders assess the Fed’s policy outlook and the broader macro environment.

After US jobs data beat forecasts, Bitcoin briefly climbed above $110K before retreating to $108.8K.

July Seasonality Fuel Optimism

As per crypto analyst Daan Crypto Trades’ observation, holding above $108K is critical for the leading crypto asset to avoid a downward spiral. He considers a close near the $110K region a healthy sign.

Meanwhile, Matrixport noted that July has historically been a strong month for Bitcoin, as 7 out of the last 10 Julys have closed positively and have an average return of over 9.1%. Supported by the improving Fed outlook and post-July 4 optimism, the next few weeks could offer a final push higher before another round of consolidation. The Greed & Fear Index is also bottoming out, a signal that often precedes upward momentum in Bitcoin’s price.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Chainlink’s Consolidation Echoes Bitcoin’s 2023 As Retail Apathy Meets Whale Hunger

letizo News

Published

on

Chainlink (LINK) remains locked in a $12-$15 price stalemate, owing to the continued whale accumulation amid retail disengagement.

On-chain data shows sustained negative exchange netflows of around 100,000 LINK per week, which indicates that whale entities are absorbing sell pressure without significant price disruption.

LINK Faces Critical Test

CryptoQuant stated that this trend contrasts with occasional retail-driven spikes, such as March 2025’s 5 million LINK deposit surge. Retail activity has stayed flat, as evidenced by the daily active addresses hovering between 28,000 and 32,000, while transaction counts remain stagnant at around 9,000 per day. Despite increased oracle utility, retail failed to capitalize on a minor activity bump seen in late 2024.

Whale urgency is evident as exchange withdrawals peaked at 3,000 transactions per day in Q4 2024 and remain elevated, thereby steadily draining exchange reserves, which have fallen approximately 40% year-to-date. Neutral leverage metrics are preventing volatility and have allowed systematic accumulation without triggering a breakout above $15.

A resolution to this deadlock will require a spike in retail participation to ignite momentum or a slowdown in whale withdrawals to weaken accumulation. Until a catalyst emerges, LINK’s structure matches Bitcoin’s 2023 consolidation phase before its surge in 2024.

While this accumulation standoff continues on-chain, Chainlink has been expanding its broader ecosystem through partnerships.

Collaborations With Mastercard and Visa

Last month, the decentralized oracle network partnered with Mastercard to allow 3 billion cardholders to purchase crypto directly on-chain using fiat payments. The collaboration utilizes interoperability infrastructure and Mastercard’s global network to remove barriers to crypto access.

Partners like Zerohash, Shift4, Swapper Finance, and XSwap support liquidity, compliance, and fiat-to-crypto conversion, bridging traditional payments with decentralized finance environments.

Chainlink also completed a pilot under the HKMA’s e-HKD+ initiative with Visa, wherein the duo tested cross-border investment transactions using CBDCs and stablecoins. In the trial, ANZ’s AUD-backed stablecoin A$DC was converted into e-HKD and used to invest in a tokenized money market fund.

Chainlink’s CCIP enabled asset transfers between ANZ’s private blockchain and Ethereum’s public testnet, while Visa’s VTAP managed the token lifecycle. The pilot demonstrated instant, compliant investment fund access, which reduced settlement times from days to just seconds, even on weekends.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved