Blockchain
Parabolic Announces the Multichain Relaunch of its Token with a GameFi Twist
After a successful parabolic run when it first launched in October last year, Parabolic is now re-launching as a multi-chain platform. The new platform will initiate a launch on ETH, BSC, Fantom, Matic, and AVAX on the 21st April 2022! Along with an upcoming tier 2 exchange listing that is planned after launch, Parabolic plans to be a powerhouse in crypto-style casino games that will one day be available in its very own MetaVerse!
The debut game from Parabolic is a unique launch simulation crash game with mid-game cashouts and a chart that climbs and collapses. The game is finally going to be made public after 6 long months of development.
The platform has also just released a Gleam Giveaway Competition with a grand prize worth $1000. One lucky winner will receive $1000 worth of Parabolic Token after Game Launch, while 100 more lucky winners will receive $10 worth of Parabolic after Game Launch. In order to participate and stand a chance to win the grand prize users must complete actions on the gleam competition to get entries. The more entries you have, the higher your chance of winning!
The Parabolic team has also commissioned one of the most respected contract developers in space to build their new bridge. Utku Alpagut from dapprex.com is a renowned developer with an impeccable record to back it up. His involvement with the Parabolic ecosystem only signifies the potential that this GameFi project holds.
This new crash game will offer much more excitement than any other similar game on the market. The game is very engaging and immersive. At the beginning of each round, players will place their bets by depositing the amount of parabolic token they wish to gamble. As the round progresses the trading chart will become more and more parabolic increasing the bet multiplier. The aim of the game is to cash out before the chart rug pulls (crashes). The gameplay is based on crypto trading charts and is designed to look that way also. To place your bet, you ‘Buy’ tokens, and to cash out you ‘Sell’ Tokens. A portion of the house edge is then burned and removed from circulation, enhancing the token’s value for all holders.
There are several elements that distinguish this crash game from the rest. One of them is a one-of-a-kind feature that allows users to cash out a percentage of their wager while playing live. 50% of the house edge profit from the parabolic game will be burned to boost the coin’s value for its owners. The remaining 50% of profits will be put aside for game liquidity. With a large amount of game liquidity, winners will always be able to be paid out on schedule. The transaction taxes of the Parabolic Token include:
Transaction Taxes:
3% – Unique Buy Back
3% – Deflationary Burn
3% – Auto Liquidity
3% – Game Development
What makes the Parabolic ecosystem so Lucrative
When Parabolic burns tokens, it entirely eliminates them from the supply, unlike most coins that simply transfer burnt tokens to a dead address. As a result, the liquidity to market cap ratio is constantly decreasing, raising the value of users holdings in respect to the market cap. The project expects it’s tokenomics to wipe out a high percentage of the supply within the first 24 hours of its debut.
Holders of Parabolic Token will also not be hit by exorbitant taxes. Instead, every penny collected from transaction taxes will be invested back into the project. The Parabolic team have given their commitment to providing the best crypto experience to all their valued investors.
Blockchain
Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.
This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.
Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”
This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.
The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.
Blockchain
HIPTHER Announces Major Expansion into Fintech, Blockchain, and AI, Reinforcing Its Position as a Diverse Industry News Leader
Building on its established success in the gambling and iGaming sectors, HIPTHER Agency is excited to announce a significant expansion of its editorial focus into three dynamic industries: fintech, blockchain, and artificial intelligence. This strategic move is part of HIPTHER’s ongoing commitment to providing comprehensive, in-depth coverage across a spectrum of industries, including virtual reality, esports, and official global government releases.
Focused Expansion for a Diverse Audience
The expansion into fintech, blockchain, and AI represents HIPTHER’s dedication to staying at the forefront of technological and financial advancements. By integrating these sectors into the HIPTHER .com platform, the agency offers its audience a rich, diverse content experience, positioning itself as a one-stop destination for insights across these cutting-edge fields.
Enhanced Digital Presence and Accessibility
Complementing this expansion, HIPTHER continues to enhance its digital footprint. The agency’s Android app has already established a strong user base, and with the anticipation of an iOS app in 2024, HIPTHER is set to broaden its reach and accessibility. The agency’s social media channels are also being rebranded to reflect this expanded focus, ensuring a cohesive and comprehensive digital experience.
Unwavering Commitment to Quality and Insight
HIPTHER, known for its high-quality content in the gambling industry, extends this commitment to its new sectors. The agency’s team of experts and seasoned journalists is dedicated to delivering insightful, accurate, and timely information, catering to the needs of a diverse, global audience.
Zoltan Tundik, Co-Founder and Head of Business at HIPTHER, states, “Our expansion into fintech, blockchain, and AI is a natural progression of our mission to provide diverse, in-depth industry news. We’re excited to bring our expertise and quality content to these vibrant sectors, while continuing to serve our existing audiences with the coverage they trust.”
For more information, please visit HIPTHER.com
Blockchain
Empowering Women in Web3: Polish Blockchain Association’s Exciting Initiative
Hipther proudly announces the commendable initiative by the Polish Blockchain Association: the “Top Women of Web3, Central and Eastern Europe edition.” This groundbreaking effort aims to spotlight and celebrate the outstanding contributions of women shaping the Web3 landscape in Poland and the broader Central and Eastern European region.
Diversity as a Driving Force
Recognizing the transformative power of diversity, the Polish Blockchain Association acknowledges the invaluable impact women are making in the Web3 and blockchain industry. Despite these significant contributions, women remain underrepresented in the public sphere of the industry, particularly at conferences, webinars, and other events. The initiative seeks to address this imbalance and bring more visibility to the achievements of female colleagues in the region.
Nominate Outstanding Women
If you share this commitment to fostering diversity and inclusivity, we invite you to participate in this empowering initiative. Nominate outstanding women who have had a direct impact on the Web3 space over the past year. Whether it’s yourself or a colleague, we want to hear about the remarkable women shaping the industry in Central and Eastern Europe!
To nominate, simply visit the nomination page. The deadline for submissions is December 31, 2023, and the winners will be announced in January 2024.
Recognition and Rewards
The Polish Blockchain Association will select 20 outstanding profiles from the nominations, and the winners will be featured in a special report. This report will not only be published by the association but, subject to consent, will also be made available to conference and event organizers. This initiative aims to increase the visibility of women in core industry events as speakers and contributors. Additionally, winners will receive free tickets or discounts to attend the next year’s Tech of Tomorrow Conference, organized by the Polish Blockchain Association on September 19-20, 2024.
Inspire the Next Generation
By showcasing the diverse talent in the Web3 space, we aspire to inspire the next generation of leaders. Join the Polish Blockchain Association in supporting and recognizing the women who are driving innovation and excellence in the blockchain and Web3 industry.
Hipther is proud to stand alongside our Strategic Partners, the Polish Blockchain Association, in communicating this impactful initiative. Let’s work together to create a more inclusive future for the world of technology!
The Polish Blockchain Association is a non-profit organization fostering knowledge and experience exchange in the area of blockchain technology. Their mission is to connect experts, developers, enterprises and tech enthusiasts, and serve as a collaboration-enabling platform for the whole Polish and global blockchain community. Under the scope of this mission, they have joined forces with Hipther as Strategic Partners for the most impactful GameTech in-person gathering in CEE, the Prague Gaming & TECH Summit.
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