[PRESS RELEASE – Luxembourg, Luxembourg, November 21st, 2024]

DegenLayer, a newly launched memecoin-focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem.

The project’s developers project daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million. With low transaction fees and a streamlined user interface, DegenLayer seeks to provide a gateway for mainstream users to engage in blockchain-based trading and creation.

The project’s native token $DELAY was fair launched on Uniswap last week, and is set to be listed on one of the top 15 CoinGecko-ranked exchanges next week, providing access to the token to their 10 million+ user community.

The project is powered by a 60+ person team behind notable successes including PunksClub.io the CryptoPunk social network, Music.com (developed with Pharrell Williams), and AAA games like The Witcher 3 and Dying Light 2. The founding team previously achieved remarkable success with SuperBid, driving token value from $0.01 to $12 in 2021.

“Our proven track record in both Web3 and gaming demonstrates our ability to deliver compelling user experiences,” says Jacob Rylko, Co-Founder & CEO. “With DegenLayer, we’re leveraging our existing reach of 3 million+ users through our Telegram mini-app, Firecoin, to accelerate adoption.”

Key features and projections:

• Innovative “Pump Technology” with 50% of revenue allocated to viral user rewards, $DELAY and memecoin buybacks
• Viral referral program projecting $100,000 daily reward distributions
• Seamless integration with Telegram’s 1B+ user base via a mini app
• One-click memecoin creation and trading interface for non-crypto users
• Transaction fees below $0.01 with 2,000 TPS capacity

DegenLayer’s launch represents a significant milestone in making memecoin trading accessible to mainstream users while leveraging established Optimism infrastructure, the same that is used by Coinbase’s BASE Layer 2.

About DegenLayer

DegenLayer is a trading terminal and Ethereum Layer 2 blockchain designed to make memecoin trading accessible to mainstream users. Built on Optimism technology, the platform offers low-cost, high-speed transactions and a zero setup interface for memecoin trading and creation. Backed by a team with expertise in Web3, gaming, and entertainment, DegenLayer aims to bring innovative blockchain solutions to the global market.

For more information about DegenLayer and its revolutionary approach to memecoin trading, users can visit https://degenlayer.wtf. Media inquiries can be directed to contact@degenlayer.wtf.

Due to Bitcoin’s persistent rally over the past week, the cryptocurrency’s market cap is a few steps away from hitting $2 trillion, and social media is abuzz with excitement.

A tweet by on-chain analytics platform Santiment revealed that social media is bustling with speculation on which cryptocurrencies may experience top isolated rallies in the coming weeks. As a result, a few crypto assets are trending, with users analyzing their possible upward trajectory as the bull cycle continues.

BTC Leads Social Media Trends

Bitcoin remains the number one trending crypto asset. The digital currency has been on a roll in the past 30 days, rallying over 44% from $67,400 to a current value of over $97,000. Although it consolidated between $89,000 and $91,000 earlier this week, the asset is up roughly 5% in the past 24 hours, recording a new all-time high above $97,800.

Social media discussions about BTC revolve around its new all-time highs, the asset’s investment potential, and the upward momentum generated by the excitement and optimism within the crypto sector that could see the coin crush $100,000 soon.

There is also a bearish sentiment stemming from concerns about market manipulation, skepticism, and caution about bitcoin’s rally. Investors wonder when BTC will hit the top for this surge and retrace its steps.

The Correlation Between MSTR And BTC

Another cryptocurrency that has been making the rounds on social media is Litecoin (LTC), which has been classified as the silver to bitcoin’s gold. BTC was created to serve as a store of value, but LTC was designed to be suitable for daily use, providing faster transactions and lower fees.

According to Santiment, crypto users are talking about Litecoin’s stability compared to bitcoin and speculating on the cryptocurrency’s future price prediction. The bullish sentiment is centered on the strong historical presence and potential growth of LTC, while bearish views revolve around concerns about the asset’s long-term viability as a store of value due to a lack of unique features compared to bitcoin. At the time of writing, LTC was worth $90, up 5% daily and 27% monthly.

Meanwhile, the business intelligence firm MicroStrategy has also been trending on social media because of its adoption of BTC as a treasury reserve asset. MicroStrategy’s relentless acquisition of BTC since 2020 has positively impacted the value of the firm’s stock, MSTR. Users are analyzing the correlation between MSTR performance and Bitcoin’s price movements and believe the stock could see more gains as BTC continues to rise.

[PRESS RELEASE – Melbourne, Australia, November 21st, 2024]

eventflo, a decentralized event platform built by seasoned festival veterans, is excited to announce the launch of its highly anticipated TestNet on BNB Chain. eventflo is on a mission to revolutionize the $2.2 trillion global event industry by tokenizing every aspect of the event ecosystem and introducing groundbreaking tools for organizers, artists, and attendees.

To mark this milestone, eventflo invites users to register for its virtual keynote event, “Disrupting Event Tech”, featuring presentations by co-founders Corey Topp and Mark Middo. Participants will get an opportunity to test eventflo’s innovative NFT ticketing system while competing for $1,000 in prizes.

“This TestNet launch is our first major step toward realizing our vision of bringing the event industry on-chain,” said Mark Middo, CEO of eventflo. “With decades of experience running major festivals and a proven track record—including an advisor who exited Stereosonic for $75M—we understand the industry’s pain points. eventflo was designed to eliminate these challenges while unlocking new possibilities for all stakeholders.”

Built on BNB Chain to leverage its scalable infrastructure and extensive support, eventflo aims to transform live events by integrating blockchain technology into ticketing, payments, rewards, and beyond. The platform plans to process between 500,000 to 1 million tickets upon launch, ensuring immediate, real-world adoption of its cutting-edge solutions.

Future plans for eventflo include tokenizing event equipment such as stages and sound systems, allowing investors to own a share of these assets and earn returns. Additionally, the platform is developing blockchain-powered tools like event insurance, enabling attendees to claim refunds through decentralized systems in the case of unexpected cancellations.

The TestNet launch isn’t just about trying new tech—it’s about celebrating the community. Participants have the chance to win a share of the $1,000 prize pool by completing the TestNet quest. But that’s not all: the ongoing FloFanatic competition offers one lucky winner an all-expenses-paid trip to Australia, featuring a VIP experience at one of the teams marquee festivals.

Key Details:

• Event Name: Disrupting Event Tech
• Speakers: Corey Topp & Mark Middo
• Registration: Available now at eventflo.io
• Prizes: $1,000 for TestNet participants + FloFanatic VIP festival trip

FloCoin: Powering the Future of Events

eventflo’s native token, FloCoin, will play a crucial role in the ecosystem, enabling secure payments, rewards, and incentives for event organizers and attendees. The platform’s Initial DEX Offering (IDO) for FloCoin is scheduled for late January 2025, positioning it as a cornerstone of the Web3 event revolution.

About FloCoin

eventflo’s native token, FloCoin, will serve as the backbone of its ecosystem, facilitating secure transactions, rewards, and incentives. The platform has scheduled an Initial DEX Offering (IDO) for FloCoin in January 2025, aiming to integrate it as a core component of its Web3-based services.

For more information about the TestNet launch or to register for the keynote event, users can visit eventflo.io.