The Newsletter by Tokenize Xchange (Vol.172| Jan 2022)
Chinese New Year Lucky Draw
Year of the Tiger 2022 is approaching. Join Tokenize Xchange now in this lucky draw to win a Tokenize Xchange Chinese New Year Exclusive Goodie Bag (worth of 88SGD) from us.
Users who have deposited any transaction S$888 and above via credit/debit card will win one chance to take part in the CNY Lucky Draw.
10 winners will be randomly chosen out to win a CNY Goodie Bag worth SGD 88 each.
- The giveaway campaign rewards are only available for those users residing in Singapore.
- Promotion period runs from 24th January to 2nd February 2022.
- Users who have deposited a transaction of S$888 and above using their credit/debit card will be entitled to a chance to win the lucky draw.
- Each user is only entitled to 1 chance in the CNY Lucky Draw, regardless of the amount that they deposit.
- The winners will be announced on Tokenize Xchange Facebook Live on 7 February 2022 at 10:00AM SGT.
- Tokenize Xchange reserves the right to change or modify these terms and conditions at any time without prior notice.
- Any decision made by Tokenize Xchange is final.
Deposit a minimum amount of S$888 into your Tokenize Xchange account, using a credit or debit card from 24th January to 2 February 2022 to join.
New Listings Incoming on 20th Jan, 2022
Our Market will welcome three promising new coins from 20th January, 2021: Spell Token (SPELL), Gala (GALA), NEAR Protocol (NEAR). Deposit and Withdrawal wallet functions to be announced again.
About Spell Token (SPELL)
Spell Token (SPELL) is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stable-coin called Magic Internet Money (MIM). Abracadabra uses the Kashi Lending Technology pioneered by SushiSwap (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use. Users can deposit collateral and borrow MIM against it. Abracadabra also offers yield farming opportunities, where users can stake their liquidity provider (LP) tokens to farm SPELL. This facilitates better liquidity for certain cryptocurrency pairs, currently Ether (ETH)-Spell Token (SPELL) and Magic Internet Money (MIM)-LP 3pool Curve (3CRV). Furthermore, users can also open leveraged farming positions using borrowed MIM from their interest-bearing collateral.
About Gala (GALA)
Gala Games aims to take the gaming industry in a different direction by giving players back control over their games. Gala Games mission is to make “blockchain games you’ll actually want to play.” The project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours spent playing the game, which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.
Players can own non-fungible tokens (NFTs) and influence the governance of games within the Gala Games ecosystem. The Founder’s Nodes voting mechanism allows players to influence what games Gala should develop and what games should get funding. Besides buying NFTs for specific games, Gala Games also utilizes GALA — its own utility token. So far, Gala Games has released one playable game — Town Star and an NFT collectible series — VOX. It plans to release more games in the future, such as a fantasy RPG game, a sci-fi strategy game and a tower defense game.
Since launching in 2019, Gala Games has grown to 1.3 million monthly active users, and 26,000 NFTs have been sold, with the most expensive piece valued at $3 million.
About NEAR Protocol (NEAR)
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”
Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.
Subscribe to Tokenize Newsletter!
Join our Facebook Group to connect with other users.
Don’t miss any updates regarding our latest features, events, and community activities. Subscribe now to get them delivered to your inbox/